Casper Daily Tribune Newspaper, May 24, 1923, Page 9

SALT CREEK PROVED AREA IS EXTENDED BY HARDROCK OI STRIKE = Duilling Suspended to Await Tankage When Bit in Southern Field Test Releases Flow; Com- pletions Expected in Few Days With the bit 15 feet in the Second Wall Creek, whickh-was topped at 2,860 feet late yesterday, oil rose over 700 feet in the well of the Hardrock Oil company on the southwest quar- ter of the northeast quarter of section -79, Salt Creek, and drilling was suspended unti!l‘tanks can be erected for * completion of the producer. A report from the field this morning states that of] is steadily; et one t » were considered donbtful. rising in the casing and that gas is The fc jons so far drilled in forcing out ground tho valves of the| the well of the Evans Oll corporation, cap which indicates that it will be|haif a mile west on section 23 have of gusher proportions when drilled| checked with those of the Hardrock ‘Aseper. operation, which would indicate, that This is probably the most tmpor-| the cntire area enclosed by the trans tant completion in south Salt Creek| verse fault to the west will be found since the drilling in of the Mosher| productive with drilling and thet well on 19 over a year ago which added much to the producing area. ‘The location of this well, approxi- mately a mfle further west, places hundreds of acres in production that several sectipns in the southwest part of the fleld will be added to produc tion with the completion of this oper. ation, which should be to the first Wall Creek within the next 10 days. OIL PRODUCTION ON Oil -:- Finance -:- Bonds -:- Stocks | Anaconda Copper~ Central Leather ~ 27% Corre-tePunte Oop. 43% Chantfer Motors 62% Chicago and — Chicago Paul pet. - 37% Chicago, R. 1 —— 29% Chite Copper 27% Chino Copper ¢ bad Consolidated Gas -—______ 63 a a 188 Comten ON - s5% Cracihle Steet 68% Cuba Cape Sugar pfad________ 53% Irie 10% Famows Players Lasky ——— 79 Asphalt 40 General Motors 15% Great Northern ped —____ 72% Gulf States Stest 83% Tinos Central 109% Inspiration Copper ——-———-. 34% COT \ Int. Mer. Marine pfd. 32 \ ~\Tuternational Paper 42% CAA ULN Tnvinciile O01 13% Kelly Springfieta ———_ 16% Kennecott Copper ——__—__—_ 37% . : sys <_|Lime Locomottws ——————-_ 9&4 Fallmg Off of 11,650 Barrels in Daily Pipeline Riums|{nuerine ena Neshvitie 72 G >, } * Mack Track —__——_——-._ 78 R by American Petroleum Institute Taal on aa 55 C 2 _ 16 For Week Ended May 19 Maxwell Motors 3 Ed —_——_—__ Ken, ander new. 17% . Pacific ptd. 38% , May 24.—The daily average grost crude-oll| Noy york Central —___—_ 97% ion of the United States decreased 11,650 barrels for|y, ¥, N. H., and Hartford —— 17% the week ended May 19, totaling 1,951,850 barrels, accord-|Norfolk and Western bese ing;to the weekly summary of » American Petroleum in-|Northern Pacific 35% ititute. The dail od € the R ER IR nae sI ¥4 e daily average prod. 1e Rocky be rican Petroleum B — 67% Mountains was 1,266,850 barrels, as compared with 1,268,-|Ponnsyteanta ———-_———— “4% 500. California Production was 685,-) There were ne @hanges reported | people's Gas ———————-._ 91 # 000 barrels, a decrease of 10,000. crt vices’ for the major dis-| producers and Refiners ——— 464 Okiahoma-Kansas showed a daily| |. ‘ pea ee a me average gross production of 663,150) ‘"* } | Reading ——————_ ———_ “4% “barrels, an increase of 1,200; north; impor ¢ipetroleim (crude and-re-| Heading + atest ——— 50% Texas a decrease of 2,560, contral| finod oll») at the principal ports tor| Repub Semen UU a9 ‘Texas an increaso of 1,700; north] the week ond#d Mim 19, totaled 1,407,-| * ais Cah OL ——— | 29% Louisiana an increase of 1,050, and| 000 barrels, compated with 1,549,000) SNOT VCR a 90% Arkansas a decrease of 6,400. for the. rege die May 12 Pryor Railway — a BS pee | Standard OM of N. J. et ° -y % ° | Studebaker Corporation ——— “ Ohio Company Biilds Rig ==". x. & . . z | Texas and Pacifio’ —————— 3, For Red Lak#Dome Test, ton of the Irantz corporation, and. ©, J. Hires of the Ohio ON company. ‘The estimated Cepth to producing ‘The Ohio Of company is moving a ateel rig and outfit onto lands leased from Louis EH. Coughlin and asso- ciates of Laramie, comprising what! ennds jis over 4.000 feet, and the/ is known es the Rex Lake | Dome, | structure’ ts small, but the structural | preparatory to making a deep teat.|feayires are very prominent and tn-| Test well will be located om section ouaive an almost ideal dome forma-| 26-16-77, range’77 west, on the spot| om. | originally indicated by Dr. iA. Be} Tho testing point is 21 mfles west Boyle, Jr., of the Univ of Wrnt|ot Laramie and about 12 miles from ming and later checked by Geol ths Rock Creek-Laramie pipeline of A. T. Schwennesen of the Hogana tho [ilinols Pipe Line company.—| Petroleum company; Charles 7. Lup- | blican of May 21, 1933.) |tana Power company increased ts/ | lend on common stock declaring | before Justice Brennan Wed-| a yment of $1 Tho oid rato was 75 cents. ‘The regular quar | |terly dividend of 1%_ner cent on pre-| ‘ ferre < s declared, | ih z Men and Woman e Up List; Mexican is Bound Over Here. Five men and « woman wero ar. rested in a raid by county officers on a house at 330 North Park str 11 o'clock Wednesday evenine. of those present aro sald to have eon indulging in a poker game and charged with gambling, the other being for illegal possession of Mquor. The sextet grve thelr names as Dorothy Burroughs, A. Mc-| Bthaney, J. M. Patterson, S. R. Har- rington, C. C. Spears and J. B. Jack-| lonzo, Who was arrested) Tuesday on North Glenarm stre«t| charged with operating a still anda having in his possession a consider- able quantity of Indian hemp, was bound over to tho fall term of dis- triet court under $2,000 bail at his preliminary hearing beforo Justico| Brennan Wednesday afternoon, Luis | 'T. Alvarey, implicated tn. the same at] fair, was held under $1,000 bond on a liquor charge. Charles Day, ot Mills, pleaded ae ERREAMERS: ei GRtpser siete LOSE NO CUTTERSSN fi Tobacco Products A -————-—- ‘Transcontinental O' - Union Pacific --— —= 18 United Retail Stores ————- 77 U, 8. Ind Alcobol ——————-—~ 5 VU. 8. Ind Alooohol ——————-_ 9 Umited States Rubber ——— United States Steel —_—_——_— Utah Copper -——————————-—- Westinghouse ee am wilt od ——————— American Zine, Lead and Sm. - Butte and Superior -—. Colorado Fuel anc Iron ——— 27 Montana Power 65%4B National Lead -——. 116% Shattuck Arizona ——_-_———_ 7% Ca 98% 65 54% Standard Oil Stocks 2 pr eae 83 it am Cumberland ———— 101 108 Galena -——»-—— 59% 00% Tinos —————--__— 167% 169 Indiana ——____——._ 5 a Nat. ‘Tran. 2% 2% N. ¥. Tran. ——____—— 123 135 oe a Ohio Of 208 104 187 98 43 87% | 220 31% 285 46% 132 | 60 Crude Market Cat Creek ———————____-___$1.75 | creamery extras, 35%0; S8%o; extra firsts, 87% @28c; firsts, | | S6@ 970; seconds, 34@S% tho. | Eggs, lower; reoslpts, 23,013 casos; | firsta, 24%@326c; ordinary firsts, 23@) 23%4¢; miacellancous, 24@24%c; stor- age extras, 27@2740; storage | | pack pack firsts, 2634 @26%0, NEW YORK, May 24.-—Woreign bar ativer .06%0; Mexican dollars ble, | weak; bulls and veals, steady; | $12.50; AND: QUOTATIONS EY LEASED Bears Defeated in Efforts to Depress Market by Sell- ing Steel. - | | Colt ttn, a6 Consolidated Royaity_233 140 Gapltat Peto —-_ oo coy! NEW YORK, May %—Prices raich 1 02 | mnde further sharp recovery in to- - ST 17 | day's stock market after an carly oe es 18 | period of trregularity. Htevy buying m=. Willams —— $3% -10 | of the ratiroad..shares, predicated on | E oie 560 |another record of ear loading was Aarne —_—_——_ -68 | one-ef the.features. Buying of noy- inte < eral of the leaders was attributed to i = jt | Stren Mnancial interest. Gales ap pl steed a 2} | proximated 1,000,000 shares, Lance Creek Royalty 03 NEW YORK, May 24—Hea: | Heck: Royalty ~ 02 | ing of the raftroad, shares, sppare my Mike Henry 02 ro f Mountain & 148 founded-on reports of record carioad- a New York On _ 13.00 15.90/88 this year during the week end- Outwest ___ 00% .00% | MS May 12, featured the triangle Red Bank 9 “10” jopening of today’s stock markot, Picardy ___ 04 ‘og | Union Pactfie, Frisco and Canadian Royalty & Producers .09 19 | Pacifie each advanced a point and Sunset 08% 09% |veral others improved fractionally. Tom Bell Royalty ____ 01 02 |Callfornia petroleum again was in de. Western Exploratton_ 3.70 8.90 | mand, rising @ point. Bethelhem St: Rk ns RE .18 | which was heavity sold yesterday du: Western Of Frstts____ .10 30 |nilcated its previous iow of 52. Some Western States 20 22 |o fthe low priced oils alsg yielded 2 ga («| aaa! me 08 10 jslightty below yesterday's final fig. NEW YORK CURB CLOSING ex! Further trregularity took place in Mountain Producers _$ 16.25 § 15.50 Glenrock Ol 90 “gg |the later dealings but the main trend Salt Creek Pras 19:00 1925 |8PPenred to be upward. New York Salt Cresk Cons 9.25 9.50| Central and Baltimore and Ohio each Marine — —— 475 © aigtjextended their early gains to one po ea» T) 12:35 | point. Advances of a point or more 8. 0, Indiana 150.08 152.0020 were recorded by Crucibla Gulf Cities Service Com. — 150.00 151.00 |States and Vanadium Steals, Jowol New York Of ____ 12.00. 15.00|Tea preferred, Kelty Sprincfield, Mammeth Oil 51.00 56.00 American Agricultural Chemical pre- ferred, Sears Roebuck, American Mo- ie EE) tal, International Paper, Peoples’ Gas 3¥%mq --_____________§190.95 and Computing, Tabulating and Re. First 4s -—___________ 98.13 | coreing. Bethelehm Steel estiblashed Becomd 4o 98.31 | 4 new low at 51%( off nearly a point. phen Sh aS 98.68! xfirvale Steel, American Woolen, Gn- poor See 98.53 | gra? Biectric, U. S. Rubber and Dome Third 4% —--__________ 97.84 yrinos also ylelded about a point eas Go tes 98.78 jroreign exchangen opened irre ficial Mafra 100.08 | Homand gterling drnped % of a cent |to $4.62% and French francs rallied | \sughty to 6.66% cants. Gerr | ° marks also eased, being quoted Livestock mies ; forts to get pricen down by a ltacking Beth a \w , short inte Chicago Prices. thelr attitude and bow CHICAGO, May 24.0. 8. Depart! contunti ment of riculture.) —Hogs—Re-| 5 30,000; mostly 10¢ higher; spots up! 4, many inst! more on strong weight butchers; top,|¢o. the adve |3 ilk 140 to 240-pound averages, |. continuatio | 350 peel tone Seige | savace of Caltfornia Petroleum w h 1 A a [rose to 1.07%, a r hig: for \6 desirable 110 to 130 pound pigs.) 0. ana five points above | @6.75; heavy weight hogs, $7.10) | ol quotation, Gulf medium, $740@7.06; Ueht | aye eee eee cintttipa Potro $7.40@7.65; light Ughts, $6.75@7.60; | 0%" Catitornia Petroleum preferred packing sows, smooth, $6.40@6.85;| ny. tnton Gas and Canad’an packing sows. rough, $6.00@6.50; Kill:] Ds hie ela wore two or moro points ing pigs, $6.00@7.00. 1 Call money opened at 4% Cattle—Recelpts, 15,000; beet steers PENS. | generally steady; strictly choice kind) P° SME ia, purther progrest to- | strong; others wénk in spots; highly ‘3 a Wid toate to the lfnished heavy steora, $10. ape aPa TT eaieabby allt ot Sia coin pound averages, $10.85; several Ah doshas Pay si ea tkouh a fow heifers at later price; bulk beet? tid for tm tremendous volume, stoera and yearlings, $9.25@10.25;, ore #0 Ei railroad shares also yearlings fairly numerous; general! ¥! wea moe eoatthed’ tadtiion | ee butcher market, weak to 15¢ lower; ™0 i Sanit, Cahealon: Pa »ts more; bulls, steady to weak; ber ray, pte rae sha Mee ork eat eae pes tans Cea eie; Cuntral. ‘The extent at the current carces on Tneada: yeulers to packers, around $10.00 resceerrrons reas Sidlircey-t died light kind, around $9.00; bulk bologna | Shown sats nam cae leadace | bulls, $5.85@6.50; few heavies, $5.60;| day's closing fi aorghden se a pulke stockers and feeders, $7253.26. today se'ling from ® Gene cs fo 4 i eral points above las — 7 9,000; slow:| 1h Bn i Roineecn, shvelhl,.6ethe gnot. to] The closing, was. maces. 0 we choice native springers, $28.00@26.26;| Ward movement coms’ ve ed California springers held higher; | pe ee on Gane Gharaltenents: $14.75 bid on chotce handy weight} er pidyptce ge yarn args clippers. le points above yesterday's final figures, Omaha Quotations. ———— OMAHA, Neb., May 24—{U. & De partemnt of Agricuiture,)—Hoge— Re cetpts, 9,500; fairly acttve; fully 200) higher; bulk packing sows, $8000 Metals 6.10; balk butchers, $7.00@7-10; prac: tical top, $7.15; part load, $7-20. | Cattle—Rece!pts, 7600; good beet) ow yoRK, May 24—Copper easy. | steers about steady; others slow end) pictrolytic spot and futurm, 15%@ weak to 10@16e lower; top, $10-40;/ 154, min firm; spot and nearby) bulk, $8.76@10.20; sho stock slow,| 49 66. putares 42.62. Iron steady; prices unchanged. cows and heifers, $6.50@8-35; ltsad steady; spot 7.35. Zino enay; canners and cutters, $3.76@4.50; bulk) niet s+ Louis spot and nearby do bologna buils, $4.75@5.00; tap veals.| iivery €55. Antimony spot 7.25. stockers and feeders, un-| —_—————_ changed. aE | Sheep—Receipta, Moses hed pF | 25@50c lower; dest native spr! Sg jambs, $16.00; Californias, $17.15; ted clipped lamba, $14.00; ewe top, $6.00; | spring feeding lambs, $18.00; feeding) ewes, $4.30, | NEW YORK, May 24—There was ‘ only a moderate tnquiry for refined | sugar and prices wera unchanged to $9.50 to $9.90 for fine granulated, | becf, Sugar futures closed steady; ap 9.50; cows and helfers:$4.50 | proximate salcs 75,000 tons; July 6.41; calves $4.50@14; stockers and) September 6.40; December 5.93; March 6.50@7.50, \47a, Tiogs receipts $6; market 180 to 350 —_——> ‘ higher; top $7.25; Lp aes Agel | Sheep receipts 2.4 ; martret % pects lower; olipped lambs $13.500 | Money 14.50; spring. lambs $1415.50; ewes | $7@7.50, Denver Prices, | Colo, May 2%4-— Catte 6; market steady; WuW YORK, Muy 24-—Cull money, steady; high 4447 low 4%; ruling rate | 4%; slowing bid 414; offered at 4% last Joan 4%; call loans against ceptances four, ‘Time Joana steady; mbxol collateral 60-20 days 5054; 46 monthe 5@5 Prime commercial paper 5, Foreign Exchange NEW YORK, May 24—Wereign ex changes Quotations in cents, Great Briain demand 4.62%; cables) 4.62%; 60 day bills on banks 4.60%. France demand 6.64; cables 6.64%. Italy demand 4.83; cables 4.82%. Bel- Potatoes gium demand 6.72%; cables 5.73. German demand ,0018%; cables +0018 %, Holland demand 89.11;} CHICAGO, May 24.—Pofatora, dul! endles 3914. Norway ‘5.90; Bweden| and weaker; recefpts, 88 cars; total demand 26.692; Denmark demand 18.60;/U, 6, shipments, 620; consin | Switzerland demand 18:02; Apain do-| sacked round whites, 90 owt; |madn 15.28%; Greeeo demand 1.80;\ ditto, bulk mostly 90 00 éwt.; | Poland demand .0020; Czecho Slova-| Michigan bulk round wh Th @oa | kal dema: 2.99; Argentine demand) ewt New stoe aly ab Montreal 97 19.26, rel Spauld 1No. 9, $5.7 demand 10.35; commencement of | several hours to find him, “and that's ‘OTOGKS REACH «WHEAT PRICES — HIGHER LEVELS SUFFER LOSSES Chicago Market Declines in Sympathy With Slump at Liverpool. CHICAGO, May 24—In sympathy! declines today during the early deal ings, On the downturns, though, cormmission house buying increased, and gave more steadiness to values. Domestic winter crop reports con- tinued bullish, and specuintors ap- peared reluctant to sell except cn rallies. The opening, which ranged from %e to %e lower, with July $1.17 to $1.17% and September $1.15) to $115%, was followed by some thing of a recovery which however, fafled to tast. Removal of hedges against exports sales led to a moderate advance later, but no other important buying de} veloped, and the market again re ceded. The close was easy, %c to %e net lower, with July $117% to $1.17% and September $1.15%. \ Corn and oats reflected the of wheat prices. After opening Ko to %c lower, July 78%c to T8tc, the| and then rallied somewhat. Subsequently, gether with evidence that mnch re| I at the same es yesterday’s fintsh to| I%e higher, July 19%c. | Osts started unchanged to %e off,| | July 42%e to 42%; and held near the fnitial figures. | | Im the provision market, the effect | of higher prices on hogs was nullified by the weakness of grain. | Open Tigh Low Ciose| Wheat— May -—_ 1.18% 1.19% 1.18% 118% | 117) (1.18% 117) 117% | 115 126% 115 115% 29 3% ‘ T7% N 42% July AM% 39% 39% 40 July -—1L83 1140 11.23 11.32 Sept 11.45 11.60 11.45 1157 I oan 7 9.25 ept 9.45 CHICAGO, WN 4. Corn number 2 mixed 81%c 2c por 2 yellow 82% @83%. Oats © 2 white 45% @45%e; number 3 white 444@45%0. Ryo | number 3, T7%#e. Barley T0@ Timothy seed $5.50@6.25. Clover see }$12@17. Pork nominal. Lard $11.22. ba, $8.75 ARBUCKLE | IN CABARET CHICAGO, May — 24.—Roecos ‘Watty” Arbuckle announced today that his four weeks’ cabaret engage June 4 was tho is effort “to be gin whero I started years ago—os & speaking comedian.” “That's where I first Grew laughs| —as a speaking comedian,” sald) ‘Arbuckla, wo alipped into town yes- terday so quietly % took reporters| nent here sterth where I hope to get ther again, I don’t want any advance stuff. I sust/ want a chance to put over laughs again, to make a Mving by doing} tt" RUM RUNNERS ARE CAPTURED HIGHLANDS, N. J., May 24—Tho! const cutter Semtnola, which has been patrolling Rum Row oft Jer gay’s three mile limit, today captured three rum runners. She was sem from shore putting into port wih her prizes which apparently were heavily joaded. —_—_.—_—_——_ Flax Seed, DULUTH, Minn, May 34.—Closing Max 2.79 bid July 2.76% asked; Bop tember 2.66 asked; October 2.52% | asked, ———>—__—- Cotton NEW YORK, May %4-—fipot cot: ton stendy; middling 98.55, pa ies ys Bhvanteicd Bed bug fuloo, eunranteot to kill M verming will not stain bec cloth ing. ucts Ho, Phone 286. © “SWAN.: UNDERREAMERS 1 $1.20; number 1 dark north- | Sey Czechostovak, 80, otia Dominion of Canada, 5s, 1952 French Republic, 7%, Japanese, 4s American Sugar, (6 American Smelting, 6s American Tel and Tel, cv., American Tie, Anaconda Copper, Anaconda Copper, 1923 At. T, and Gan Fe. gen., 42 Balttmore and Ohio cv... Bethlehem Steel, con. 6a, Ser. A Canadian Pacific deb. de Chicago, Burlington and Quincy, Chicago, Mil and St Paul cv. 4% Chile G pper, Northwestern Pacific Gas and Electric, 5s Penn, R. R. Gen, bs Sinclair Con. Oli, Sol, ‘Bouthern Pacific cyv., U. S. Rubber, <ingdom of Belgtum, ngdom of Norway és _ Republic of Chile, &», 4, odyear Tire 8%, Great Northern 7s A — Montana Power, fa A - Nothern Pacific ref, ts B Ss Uteh Power and Light is corn market sagged a little further) Western Union 6%s8 —— | Westinghouse Electric 1s export baying to-| Wilson and Co. cv., 0s —_ Rep. | U. K. of G. B. and 1, 5%, 1937 RAILWAY AND MISCELLANEOUS and Tel, col. tr, 5s ts, 1938 ___ she ref. 5a A 6s __ = 1941 Bell Tel., 7s PAGE NINE. 92 | [ah effect’ ‘Tho close was unecuei| HE HUMAN ZOO | ee 108% 106% 92 CASPER - HOUSE Tel. Light, Heat, Ice Water__ Interest Insurance, Taxes Repairs, Maintenance, Replace- Meat, Equi DREDAE ames ee Gerden and Gro House end Txt... Personal Insurance — Stocka and Bonds . Bavinga ~~ . 1S) THE: MAINTERANCE ments FAMILY EXPENSE Physicien, Dentist, Medicine______. 3.13% Ee om Car Fare______. Room agasines, Education______ 2.21% Clot Cars ¢ = ————— 2.66% ——13.06% ty. Sundries INVESTMENTS FUTURE - CAPTTAL Hereis the budget one family has adopted for 1923. Could you divide your income this way? Just as an experiment, apply some of these percertages to your own income and see how you come out. Then drop in and you the Citizens National’s new Budget book in which are many, many tables with which you can make further comparisons, 20.14 30.07 ‘PTs 4—+ M4pay + mz4 eng: i+ ZO—APNOF + FPON-O0F + mz pe a —_—— <= prs 3 AN Bee EL at servdaca