Casper Daily Tribune Newspaper, May 27, 1923, Page 8

PAGE EIGHT © be making 850 barrels a day. ng about 150 barrels a day process and 400 feet of 8-inch pipe] no at 255 feet. has been pulled On section 17-39-78, the com-| structure, Kansas, painy's Marine lis r & up,|ing at 3,585 feet. MARINE WELLS SHOW OR LARGE OUTPUT Taylor No. 2 on Section 20, Salt Creek, Said to Be} Making 850 Barrels Daily; Another Producer Being Cleaned for Larger Output Marine Oil company has two good wells on section 20-39- 78 of its Taylor lease, Salt Creek, where Taylor No. 2 is said On a three-day howed little falling off and is rated as one of the best in its -t. On the same lease Taylor No. 1 is cleaning out and When cleaned out and} test it t is expected to do better clean out and drill pinreNOs dlkee The ho! down 2.731 fect. N 3 landed and ase by ial casing and Is The company’s test on the Carneiro is reported drill Daily Average Crude Runs Show Increase for Week 460 110 695 3,570 4,03 2,02 815 | Preparations are the drilling in of well No. being made for 21 of the | be mented through the gas sand at 1,350 feet and as the job has been passed and it nd by the last of the present month. | Studebaker © Engineering company getting along nicely with the hard|Texas and Pacific ~ work of trenching through the rough| Tobacco Products A Fargo Oil company in South Casper Creek and it is probable that this operation will be completed today.} 7009 fe ‘The top of the Tensleep was found| Aj) material in this ‘ocation at feet which was 86 feet lower than in the pioneer] ing daily well of the field and would indicate | ;, that the well is higher up on the| The Hope structure. This well is expected to further prove this field to be one of the big producers of dark ofl in thim section of the country and if it] pected that comes up to erpectations will lead to further development, wien! every No, 22 of the same section is ce caused ane effort Da average pipeline runs from] Lance Creek ---.. fields in the Rock Mountain distr lot Butte .. took a jump of 2 Lander .. the week ended May compared} Lost Soldier -. with the preceding week The r- Rock River .. se total daily run for the w ass Creek . ed M 19 barr a Iton Dome ninst 1 barrels during the Zasin . week ended May 12. t Creek ybull, etc. showed a material increase Ovage - A comparison of daily runs for rris . the two weeks named by fields fo-} Cat Creek Fields May cellaneous — Salt Creek — - 95 Bg Muddy -. Total Fargo Oil Company Read lo Drill in New Prod : been shipped, part of which is arriv shou'd ditching will by the bureau of mines drilling will) Proc resumed immediately. trouble by a crooked for the pipeline has) § all machines be made to ing been laid some time ago. receipts, (OUR'SUPPLY STORE [RUMEN RipcerorT iawn OSENO GUTTERS” ne CHICAGO, May 2! $ Revival of Interest in Cat Creek Field Reported Potatoes, du’ cars; total U.\8. shi Wisconsin sacked rourid 5@9%e; bulk, mostly $1.00@ whites, sacked, 60@90¢ 1.00@1.75, depending Mjnnesota whites, 70@ tida barreled New York Stocks American American American j American American American American merican American Anaconda Ttchison Atl. Gulf Baldwin California Canacfan aes 0 Chicago, Chicago, Chile Chino Corn Erie meral General General Great Gult s' | Munois j Inst | International 5,300| tnt, Mer. Marine pfd. 5 | International Kennecott Lima Locomotive Leuisville |Cerro de P: ndler Motors -. apeake and Mit R. Copper - Copper Consolidated Products - Cosden Oil Crucible Steel Cuba Cane Sugar p' Can . Car & Foundry International Corp Allied Chemical & Dye Locomotive Smelting & Refs Sugar — T. and Tobacco Woolen Copper and West Indies Locomotive Baltimore and Ohio - Bethlehem Steel - Petroleum Pacific Leather co Copper -. Famous Pl € a Mack Truck nd far axwe Missouri New Norfolk Northern Pacific York ou B Motors B - Middle States Oil | Missouri Kan and Texas new -12% B Pacific pfd. Central - XN. Y., N. H., and: Hartford and Western Pacific on and Ohio - Northwestern and St. Paul pfd. and Pac. - Gas 2,025 | Invincible Oll -. 240/tcetly Springfield Tire “opper nd yers Lask, Asphalt Electric - Motors -. ‘orthern pfd. utes Steel Cent on Copper Harvester -. aper ce Pan American Petroleum B --- pope's 1cers lppure om Reading i: ennsylvania - Gas - and Refiners ars Roebuck | Sinclair Son Of uthern Pacific Southern Railway | Union ju. 8. js|Texas Co. - be on|Standard of N. J. ‘orporation - country near the field and it is ex-|Transcontinental Oil Pacific - will be started the first of the week United Retail Stores Ind, Alcohol rush the job to completion, the line| United States Rubber, - acrogs the river west of the city hav| United States Steel - Utah Copper - Westinghouse Electric Will: Overland hole has been overcome in No. 23| Republic Iron and Steel - and drilling is now going forward at American Zinc, Lead and Sm. | Bute National Shattuck Crude Market and Superior | Colorado Fuel and Iron Montana Power Lead - Ariona 16% 82 40 - 102 - 61 _ 167 - 6 - 25% 128 - 103 68 207 105% - 180 48 37% 66% 89% 80 49% 16% 10% 9 97% 175% ~ 107%B 72 38% 69% 44% 931% Standard Oil Stocks | —, 16% 84 41 104 62 168 98 25% | LoNpon, a2 11-16 67 e; ugar REVIVAL —OIL PAGE 6L Homestake Oj] company has taken Devereaux O!l company’s rece ove 60 acres in section 615-29, Cat strike in the western nsion to the | Creek . | Cat Creek field has created a renewal! Onjo Ol) company is completing an of interest in this district, according| g0,000-barrel steel storage tank at{ to the Inland Oil Index, and the for-| Sunburst and has had the bottom laia| Buckeye mer company is now cleaning out its| for another tank of the same exraciee, | Continental new well on section 12-19-28 for deep-| Tt is expected that the company will | Cumberlang er drilling in the producing sand.|again be buying oll in the Kevin-| Galena This well was competed last week in| Sunburst field by the first of next| Ilinots April in the second Kootenai week, jin aise feet and came in flowing by > t. ‘Tran. apicate af 480) barrels cally, (Bora residents) Ini. tha jeasterns part 2ot| sc scr trp the companies with well located acre Fan ee bounties dn) ee or Pipe - age in the vicinity of the new well apse See Sete e |onio Ou - m i the | their fight to have the county divided | prairie ‘GHine on Pa Se seran ‘on aie county. County Buster Dan McKay ‘lar Ref. ia ween ae stenot NS nas been employed to fight for the io Pipe? pany, brothers, "| new county. Case is now before the x Homeatake Oil company and the! supreme court of the tate of, Mon-|° 0: em Frantz Corporation. Half a dozen der-| 100" ORY? = ricks are already going up in every 7 z . O. Neb. direction for a new well and it will] According to advices from Roundup,|s. 0. N. ¥ only be a question of a few weeks | Van Duzen O!l company will drill-«!s. O Oblo Sa Ak welll tue known wh, this | @eep test on section 2411.24, Devil’s| vacuum - is a real extension or a freak well. | Basin. H. W. Van Duzen hda resign) P. Oil ed as president Is. 0. Oil compan Ass 1s nese ans Devereaux w section 12-15-28, | ; Aen okies or non. | C&t Creek, has been put on the pump yee nd in the first 24 hours produced tion 4-15-29 ectors in. barrels of oll. clude B. las, Robert D-| ‘y¢ is reported in Winnett that ‘The apne rby and James} «5¢" Petroleum company has pur. Beans ont Seatt chased 40 acres from the Devereaux California company’s well on its! oi1 company in the west end at Cat Cat Creek - Abe! lease, NW\% tion vs! Creek. Lance Creek Kevin Sunburst well, is making 8,000,-] Wayne Petroleum company has 000 cubic feet of gas in its stray sand|taken a lease on 40 acres on section 50 fe ove the Ellis, It will be drill 14-26, Flatwillow structure, and ex-, Torehlight ed de {s to spud in a well in the near Basin 10 s company has| future. eybull been incorpre stock] West Dome Ot! company is prepar-| 07 ot $00, drill its ho'dings of 20,-]ing to drill on section 6-15-29, Cat) Sait Creek 000 acres located 50 miles south of the | Creek, j Hasollten Bowdin dome — Mule Creel Shelby Promoter has purchased | | Sunburst - seription 4 good will of oO! dger formerly | reat Fal's, The paper b published by the | Gas company ‘of Great CHICAGO, May 26.—Butter lower;! mn aes ny Of Great | receipts 16,000 tubs; creamery extras bite Hie standards 38%; extra firsts) NEW YORK, 49 midbed: that firsts 3414@ 0; secon \ tures closed firt I steady to weak; receipts 36,-}6.64; De wate ht 98 cases; storage pac! firsts 26%4¢; | storage packed ex others un- | nged. Mexic May May 26.—Sugar fu: approximate sales, 6 6.09 March, 26.—Bar pence, per ounce. | 1% per cent. —-—___— Flax Seed DULUTH, Minn., May 26 | flax May sked; July eptember 2.51 bid: Octo ptemt 1% bid October September, » 4.85. silver, M < 71 26.—Foreign bar n dollars, 51%c. oney, joatng | bid; 41% DENVER, Colo,, May 26.—Cattle—| Receipts, 4: market steady; beet "| steers, $7.00@9.50; cows and hetfers, +] $4.50@9.00; calves, $4.50 Che Casper Sunday Worning Cribune Oil Securities (By Wilson. Cranmer & Company) LOCAL O14 STOCKS Bessemer _ 3ig Indian — Boston Wyoming -. TERE AMET SUNDAY, MAY 27, 1923. BULLS CALL HALT IN LATE STOCK DECINE Week’s Trading Marked by Brisk Recovery and Clas! Cities Servic New York “Oil Mammoth Oil LIBERTY Com. 348 First 4s Second 4s First 4%s Second 4%s -. Third 4%s Fourth 4%s Victory 4%s - Livestock Chicago Prices. CHICAGO, May 26.—{U. S. Depart- ment of Agriculture.) — Cattle—Re- ceipts, 500; compared with week ago, better grades beef steers, yearlings bulls, @5.50; lower; steady; bolognas, mostly $5. light -veal chlves, 25c to 50c good to choice kind steady; week's bulk prices follows: Beet steers and yearlings, $8.85@10.3 stockers and feeders, $7.25@8.00; beef cows and heifers, $6.50@8.35; canners and cutters, $3.75@4.75; veal calves, $9.00@10.00. n Sheep—Receipts, 11,000; today most of receipts direct; market for week: Fed lambs and yearlings mostly 75: to $1.25 lower; spring lambs, $1.50 to $2.00 lower; fat sheep. $1.00@1.50 lower; good and choice handy weight fed lambs closing $14.00@14.50; best native springs, $15.00; light and handy weight fat ewes, $6.00@6.50; heavies, $4.00@4.50; sorting on most bands libe: directs for week total around 30,000. Hogs—Receipts, 7,000; mostly steady to Sc higher than Friday's average; ton, $7.60; bulk 180 to 225 pound averages, $7.55@7.60; 240 to 325 pound butchers, $7.30@7.50; packing sows, mostly $6.25@6.50; desirable 110 to 180 pound pigs, $6.25@6.75 estimated — holdov: 500; heavy weight hogs, @7.50. Omaha Qutotions. OMAHA, Neb., May 26. celpts 8,500 head; strong; bulk packing ; bulk butchers, a'l weights, $7.05 10; top, $7.20. “attle—Receipts 2! head; market compared with a week ago: Beef steers, steady to 2h@35c higher: got and choice grades getting most ad- common and light yearlings. ak to 5@ c lowe good cows strong; grassers weak; others steady bulls unchanged; veals strong, 25@ oc higher on lights; bulks follow. Peet steers, $8.75@10.00; top mutured steers, $10.50; yearlings, $10.40; cows und heifers, $6,50@8.25; cannes ana cutters, $3.75 @4.5: $4.75@5.00; bulk light vea's, 12.00. Sheep—Recelpts none. with a week ago: Lambs, lower; closing quotation: clipped, $13.75@14.00; top, $1410; bulk Dring lambs, $15.25@15.50; top, $16 sarlings and sheep, $1.00 to: $1,15¢ lower; closing quctations: bulk year- Tin, $10.00@10.50; bulk ewes, $5.50 @5. top, $6.00; feelers around $1,00 feeding mbs, $12.59¢713 90; lower; feeding ewes, $4.30@4.50. Denver Prices. Hogs—Re- mostly steady to sows, $6.00@ vance; w bulk bologn’ bulls $10.50@ 2.00; ers and feeders, $6.00@7.50. Hogs—Receipts, 49; market steady; | top, $7.25; bulk, $7.00@7.25; pi $5.00@5.50. | Sheep—Recelpts, 2,545; market| steady; yearlings, clipped lambs, $12.76@13.50; spring lambs, $14.50@ 16.15; ewes, $6.50@7.50. | stock, Ww YORK, —Cotton spot quiet; middlings 28.65. —_ Among the Eskimos domestic quar are rare, and childron are never | stised. : | CROP IMPROVEMENT Short Session Closing Is Weak Saturday After Higher throughout the grain belt and lack of buying for export de- lated that Russia would have 140,000,000 bushels of wheat for export this season. The close was heavy, 21% to 25¢c net and beef heifers largely 25c to 40¢ BER tes ahaa tte Terde caer higher; lower grades mostly strong} jnlarged receipts of corn at Kan- CASH GRAINS | to 25c up; extreme top, 1,486 pound]... city gave an advantage to the _ CHICAGO, May 26.———Wheat— steers, $10.95; best yearlings, $10.75:] hears. ‘The market closed weak, 2%0| NO 2 hard, $1.20. Corn—No. 2 mixed, medium yearlings off most from high|t, 24 @2i%c net lower with July |80%4ci No. 2 yellow, 80%c@81c. Oats time; stockers and feeders, scarce,| 763.0 to 76%c. ~No. 2 white, 44@45%c; No. 3 white, strong to higher; better grades beef! ' previous to today's slump, higher|42@44%- Rye—No. 2, 75c. Barley— fl cows, 25c higher; other grades steady:| jrices for wheat had gone hand in|4@70c. Timothy secd, $5.50@6.50.4 ak SENDS GRAINS DOWN Comfort, WYOMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT sideration of the fact that he post- poned collection on the note at that time overdue. s paid in addition to this, H. F. who had gono surety on the note, claimed that the $30 ought ‘Twenty. collars Buck creck 7 ‘ ue ing Saturday Is Strong After Sharp Rally; Gzechoslovak, Rep.. 8c, etfs. 95 84 Bute = . € Lominion -of Canada, 5s, 1952 88% 88 ae s eS Oils Lead in Advance French Republic, 7443, -. 95% 95% Chappell Japanese, 4s —.-- 815 8134 Coltimbing st Kingdom of Belgium, 8s 100% 100% BE. T. Will + is ingdom of Norway ‘6 Saab _ NEV YORK, May 26—Seasoned stocks were in good de-| republic of Chile. Sa 19 ieee s nore Caw Gulch mand at higher prices at the close of a week’s trading fea- | State of Queensland, 6s - 101-101 Domino - tured by a sudden halt in the reaction which had been un-|¥" % of G B. and 1, his, 1987 -— eo 10d 103% i Mee ae derway since the first week in March. Oil shares led the| American Sugar. 68 - —- 101% wicnts sharp advance today, which was a continuation of the bull-| American Smelting, bs - 3834 Fargo _ : ‘68 |ish movement that gained momentum during the last of the |Amerjcan Tel and Tel, cv., 6s rit BC week. A number of food and sugar} fore on’ the report that carloadings| Anaconda Copper, 79,1998 wig shares also recorded progress. for the week ending May 12 were|Anuconda Copper, 1923 re i The advance was credited by ex-|the highest this year and within four| At. T. and San Fe., gen., ds 88 Kinney Goaat pert observers to be an oversold mar-| percent of the record for all timie,| Baltimore and Ohio ev., 448 2 79% Lance Creek Royalty ket, the brisk recovery being a nat-|Oll shares were heavily bought on| Bethlehem Steel, con Ser. A 98% Lusk Royalty - ural cansequence of a weakened] publication of statistics showing a|Canadian Pacific deb., 4s 78% Mike Henry technica! condition. Opinion is still] substantial decreaso in the produc-| Chicago, Burlington and Quincy, ref., 5a A 99 3-5 Mountain & Guif widely divided. as to whether the re-| tion in California crude, the immense | Crice#@, Mil and St. Paul cv. 4%s 65 New York Oil . cent action’ was the beginning of a] surplus of which previously had had| G capitan) Gab 50% Cutwest, = bear market or a technical setback|a depressing influence on both ‘com: | Great ‘Northern fe wet ace Decree Incidental to final phase of the bull] modity and stock prices. California| Montana Power, ‘6 "A mite See market which began in the late sum-|petroleum was in the individual] Nothern Pacific’ ref,, 63 r07st poet - mer vf 1921. feature of that group, Jumping nearly| Northwestern Bell Tel, 7s ~ 10745 Pe eee Thera were several constructive de-!20 points above last week's closing| Pacific Gas and Electric, 6s 90% waster bred A velopments during the week, inctud-| price Penn. R. R. Gen., 6s‘. 100% Wyo-Kan ing the statement of the federal ri Speculative belief that the Austrian| Sinc'air Con. Ol, Sol, 7s 98% Wartesail Ollceaca serve board advisory council that] !oan would result in an increased de-| Southern Pacific cv., 48 - 92 Westara tetatea business and credit conditions were] mand for copper from that country| U;, 8: Rubber, 5s 87 TY One good and that there was no immediate | was responsible in part for the brisk ate a ed eae Pett % E prospect of an increase in federal re-| recoveries in those shares oh oF * NEW YORK CURB CLOSI serve rediscount rates and the an-| Motors continued to influence by Winn aMRncocr cen ee 3 igate Mountain Producers -$ 15. nouncement that J. P. Morgan and|recora breaking sales and production ——— bas Glenrock Oil —. company had agreed to underwrite | reports. alt Creek Prds. part of the Austrian loan which was| Cancellation and suspension of] ' the case. One was to be found in(to be applied on the payment the Balt Creek Cons. accepted as evidence of the soundness | building projects were used as ex-|the fact that Spiers had paid paid|S2me as the $25 was applied. Basie ar lavewtrient situation, nel Ue by bear traders for the ham-| Lilly $30 in $10 installments. Lity| The defense put up a plea of us- TON Taio Railroad shares again came to the! mering of the steel shares. claimed that this was merely in con-|U5%; ®rsuing that $10 a month ac- cepted by Lilly was interest at an excessive rate. Lilly on the other band claimed that it was not to ba considered as interest but merely aa a bonus because he had postponed collection, The note was for $150. Prices for Wheat Recorded During Week; Provisions Average Higher \ CHICAGO, May 26.—Improvement in crop conditions mand contributed to a decline in prices during today’s brief session of the grain market here. Predictions were circu- Clover seed, $12.00@17.00. Pork—Nom- hand with lower prices for corn. For inal. Lard, 11.12. Ribs, 8.62@9.50, | several days impaired crop prospects IT’S CLEAR SOFT AND PURE Order by the case or 5-gallon bottles. HILL CREST WATER WE DELIVER 425 East Second St. Phone 1151 were reported from Kansas and GPs ee | Oklahoma and from Ohio, Indiana and Illinois and there v indica- $85 JUDGMENT RENDERED tions that where spring wheat advices were favorable, the growth through: out the entire winter wheat belt was sub-normal, Although some traders were disinclined to place much faith in the reported deterioration, others took the ground that to a large ex- tent winter wheat was going back instead of making progress, and that warm weather was needed to bring the crop along. Big export clearances of wheat and flour, together with a decided falling off in the United States visible sup- ply of wheat tended further to strengthen wheat prices. War-like moves by Turkey and Greece were Iso given some attention as bullish factors. Slowness of speculative buy- ing and of new export business acted as more or less of a check on upturns in prices, and so too at times did weakness of stocks together with assertions that European crops were in better condition than last year. Notwithstanding that no increase of the movement of corn to Chicago took place, the corn market here was bearishly affected by the lessened scarcity at other centers. Oats were sier than corn! acking houses reported _ trade brisk, and provisions averaged higher despite a setback in hog values. FOR NOTE COLLECTION A case in which George Lilly was sung C. C. Spiers on a promissory note alleged to haye been only par- tially pa'd, came up before the court of Judge Henry F. Brennan yester- day. An $85 judgment with e $15 ttorney fee was given. ‘The costs were split. 4 ‘There were several peculiar angles Subsequently, prices continued to fall, and there was a pronounced ab- sence of speculative buying. Wheat— Open High Low Close 118 1.18% 1.16% 1.16% 1.16% 1617 1.44% 1.144 1.14% 1.15 1.18 Corn— May ‘18% 678% 77M July 78% 78% 76% Sept. 17% % 15% Oats— May A2% 42% ALG 41% July 42 42 41 AL Sept. ----- 39% .40 | .39%6 39% Lard— July ---2-411.20 11.20 11.12 11.17 Sept. -----11.45 11.45 11.35 11.40 Ribs— July 9.07 Sept. 9.30 or investment. SWAN -UNDERREAMERS s AT YOUR SUPPLY STORE BRivcerort THE PIPE FOLLOWS Surveying and Locations Geologists, Oil Experts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 3 Room 10, Daly Bldg, . Corp. Phone 453 TRAIN SCHEDULES Chicago & Northwestern Westbound Eastbound No. 32. ‘Westbo No. 29-- No. SL Arrives --2:40 p. m, Arrives Buy Your Lot Today in the Path of the Greatest and Best Growth. BUTLER HEIGHTS is on the very edge of this growth, in fact it is now being rapidly built up by the erection of good homes. This addition offers a wonderful opportunity for home building Improved property at prices asked for unim- proved. Sold on easy terms without interest. you build a home so you can pay for it in monthl ayments like rent. Whére can-you find a better propasilion®. ae TAKE ADVANTAGE OF THIS OPPORTUNITY NOW Mountain Realty: 123% South Center J. E. Nelson Co. City’s We will also help Daly Bldg. Phone 1761 :