Casper Daily Tribune Newspaper, June 6, 1923, Page 5

WEDNESDAY, JUNE 6, 1923. ~. MIDWEST COMPLETES SALT CREEK WELLS New Producers Brought In On Mountain & Gulf and Wyoming-Associated Leases In Week; Other Operations Are Reviewed Two completions are contained in the Midwest company’s drilling report for the week ending today. Mountain & Gulf well No..388-A, on the southeast quarter of section 6-39-78, showed a production of 150 barrels the first 24 hours. It was completed at a depth of 2,210 feet. Wyoming-Associ- ated well No. 8-A, on the southeast quarter of section 34-40-79, completed et 1,680 fest, hae} Well 29, southeast quarter ef sec- not yet been tested. tlon 25-18-104, depth 1,874 feet, hole The Midwest operatione en wfa-| caving badly, filled up to 1,845 feet, cat wells and those in the Baxter|and redrilling. Besin and Elk Basin fields are ea) well 13, northeset quarter of sec follows: tom 3-11-104, depth 1,478 feet, under- reamer stuck in hole, trying to jer loocea, Eth Bests Field. ‘Well 2 Elk 11, depth £40 feet, straightening bole ‘Well 1, Tip 2, depth 1,094 feet, run- ning 10-inch casing fishing for 12% Wildcast Wells. Neiber Domo test well, depth 9,570 feet, drilling. Midway test well No. 3, depth 4,060 feet, underreaming, cleaning out, and straightening hole. Miguel Creek, New Mexice, depth O16 fect, cementing 12%-inch casing. Baxtey Basin Field. inch. ‘Well 1-X, northeast quarter of sec- ‘Well 1, Tip 7, rigging up. tion 36-18-104, depth 1,949 fest, ee ‘Well 10, Elk 7, depth 1,435 feet, menting 10-inch casing. Grilling. Bacheller Resumes Work; Skull Creek Is Shut Down NEWCASTLE, Wyo,—The Bachell- er well about 11 miles weet of New- castle on section 21-6463 has resumed drilling after having been shut down all winter. The batler that was lost in the hole at about 100 feet has been sidetracked and pessed and about 100 feet of new hole has been made since operations were resumed, The 4rill now stands at about 1900 feet in an eight inch h ‘This well is one of the interesting I 7 oped into @ producer will enlarge the field to @ great extent. Considerable gas was encountered in the upper sands and the promoters of the well are confident that a good producer will be brought in. ‘Work has not as yet been resumed om the Skull Creek syndicate well on pection 16.42. Burrel, has returned from Casper where he has been in conference with the owners of the well. Just what has been decided on at this time fs not testa of the northeastern part of the| known but it is very probable that a state. It is several miles south of| deeper test will be made, va. to the the present known field aad if dvvel-| Lakota sand. New Operations Projected In Baxter Basin District nock |, Wyo. Jane 6.— The spring sunshine is warming things up et the oll fields and at last it seems as if the wheels are begin- ning to turn. A number of new Prospects are in eight for drilling in the field. The roads are in good shape with the exception of two mud holea at the east of the field, which have halted automobile travel to a certain extent. Rumors have been afioat for the past few days, that the International company will enter the extreme pouth end of the field within the next > two months. The International is , strong in both cepital and experience in the oll business and thelr appear. ance in this field will strengthen the already strong line of testa being made and the belief that production is almost a sure thing in the Baxter Banizers of the company, are in this city this week looking over the field, Particularly in regard to the operat- fons of their company. Both of these gentlemen @re from Los Angeles and express themselves as being well pleased with the future outlook of the Baxter Basin structure. They have spent several Cays going over their holdings here and next week will visit the Salt Creek field near Casper and the Yellowstone Nation- al Park, returning to this city the latter part of June, These men feel sure that production will be a thing of reality here by early fall. The Montacal Ol! company has ordered casing for its well in sec tion 8-16-104 and will resume opera- tions there as soon as the materia! arrives. The Associated-‘Montacel No. 1 stands cemented in section 23-: 04 at 8090 ft. and @ test is being made for a water shutoff, preparatory to resuming drilling. This well at its iv fooking ‘over their lease in section Drepesatosty | 2717-104, todrilting op-|Present depth, !s about 100 feet above erations, Mr. Keck controls an in-|the in which the big gas was | @ependent company which js doing| foun by the Ohio and Midwest com- panies. This company is rigging up in section 26-17-104. On Wednesday the last snow crift between sections 283 and 26 was opened up so that teams might haul material from one location to the other, section 26 hay- ing been spudded in last fall and then abandoned owing to the severe extensive drilling at present in south- ern California. He has had years wf experience in the ofl game and has ® large production in the cosst field, t recently bringinig in record wells that structure W. W. Baldwin aye to sh ped two <f the directors o! lon’ on Company, also the principal or- winter weather. Market Gossip and Briefs On Operations in Oil Fields corporation in Europe.” He was ac- companied by Archibald B. Roosevelt, & member of his staff, and Mason Day, head of the Interna*ion Barns dall corporation, who ts going to Mos cow for two months to look after the big contracts awarded to his associ- ation by the Soviet government. New Nitro Factory. The Midwestern Torpedo company of Casper is p’ac’ng a factory in the Sunburst field fur the manufacture of nitroglycerin. Million in Shale Land. The Union O!l company of Cal!- fornia has invested up to the present time, $1,000,000 in Colorado oi} shale land. The company’s holdings ap- proximate 20,000 acres, The richest Stratum of co: thickness yields 63,15 gallons of of! to the ton. ‘The company is preparing to expend $25,000 in surveys and development work. New Colorado Tests. starting a test in Colorado, in the Craig district, 12 miles south of Craig, in Moffat county. The Union Oil company of SCall fornia has a rig up for a test on the Ellington Dome, in Larimer coun- ty, Colorado, LIQUOR RULINGS TOSTIND, EDICT (Continued from Page One.) recently, the potnt involved from the international standpoint is one of comity among the nations, Applica- tion of the accepted principles of Jurisdiction, however, is regarded here as within the province of congress and not a matter for international conference agreemet. Texas Company Wins Case. WASHINGTON, D. CG—A case brought by the Treasurer of Okla- homa against the Texas company to compel it to pay taxes imposed upon it as a “foreign corporation,” has been dismissed by the supreme court for want of jurisdiction. ‘The Texts company contended that it could be taxed in Oklahoma only as & corporation of that state, because, having entered Indian territory, it was entitled under an act of congress, Derpectually to enjoy the status of a “domestic corporation." That view had been sustained by the lower federal courts. Sinclair Safls for Europe. H. F. Sinclair, chairman of the Sin- clair Consolidated Ot! corporation, has satled on the Homerto for Europe. Mr, Sinclair sald: “I have not been abroad for about three years and I expect to take a rest.as well as givo attention to various interests of our soon to be concluded with many Eu- ropean countries will take up the ship —) The foreman, Mr.|> The Texas Production company is/|* ‘Whether the new commercial treaty | liquor matter is not known definitely, Oil -:- Finance -:- Bonds -:- Stocks New York Stocks ‘Allied Chemical & Dye. 1 American Can -_. ET American Car @ Way----—--—-172% American American American American American American International Corp. Locomotive -.-..--——- Smelting & Ref'g-..... 63 13 Tobaccs ——————__-—__147% American Woolen ---——----- 91% — er | Balwin Locomotive .-~-----.—--. Baltimore & Ohio_.—s--am--—— 49% Bethlehem Steel .--------—----. 53% California Petroleum ety Canadian Pacific Central Leather Cerro de Pasco Copper.—-. Chandler Motors -----------——-- 6 Chesapeake & Ohio ---------—-- 65 Chicago & Northwestern-_-.--- 79 Chicago Mil. & St. Paul, p?@--. 37 Chicago, R. I. & Pac. - Chile Copper -. Chino Copper _-------—--——----= Consolidated Gas --------------- een Corn Products --—.-—-. Cosden O11 =e 49% Crucible Steel ---------—--——---- 73 Cuba Cane Sugar pfd. -—------ 53% Brie eee 11% B Famous Players-Lasky ---—---- 7 General Asphalt --—. General Evectric -. General Motors --. Great Northern pfd. —----- ae Gulf Stat Ores Minois ¢ ee | ay Inspiration Coppe) PEER | International Harvest wee 78% Int. Mer. Marine pfd. 28% International Paper ———— bead Invincible Oll -- ——=7 i, Kelly-Springfield Tire Kennecott Copper Lima Locomoti' Louisville & Naahvil ne Mack Truck Marland Ol) Maxwell Motors B - Middle States Oll Missourl, Kan & Tex. (new)- Missouri Pacific pfd. - N York Central --. “ NN. H. and Hartford. orfolk & Western Northern Pacific Pacific O11 Pan American Petroleum B. Pennsylvania People's Gas Procucera & Pure Oil Reading Republic Iron Sears Roebuck Sinclair Con. Ol - Southern Pacit Southern Railw Standard Oi! of N. J. Studebaker Corporation -. Texas Co. Texas & Pacific Tobacco Products ~-----~ ‘Tranacontinental Oll -------— Unjon Pacific - United Retail Store U. 8. Ind. Alcohol United States Rubber United States Steel i Copper ---- Weatinghouse Bilestrio villy Overland -—-- oe Zinc Lead & Sm. & Superior -- Bulorado Fuel & Iron - Montane Power Natio’ Shattuck Arion Solar Ret ---————-—— 0 Sou, Pipe ——————— 88 iy Ki 3 i, pee EIS IE 89-89% 3. O. Ned. --—- 0. N.Y. —————— Vacuum —------ ———""~. Cat Creek eagammnenanny 5) Lance Creek -—-—-——-———-—— ae Osage ------. — Gi Torchight ——— —————————— Etk Basin ee Greybuill --—— 1.35 vs a Rok Creek at Potatoes CHICAGO, June 6,— Potatoes, steady; receipts, 41 cars; total U. 8. shipments, 650; Wisconsin and Minne- {pota sacked round whites, No. 1, 75@ 900 cwt; new stock, firm; Alabama sacked ‘Bliss Triumphs, No. 1, $3.00@ na 8.86; new fancy at $3.50; Loul: sacked Biss Triumphs, few ea! barrels, $3.25; South Carolina slat Irish Cobblers, $6.50@6.75; mostly around $6.65. NEW YORK, June 6—There were good withdrawals on old contracts In the refined sugar market ‘and a lttle better new business was reported, in- duced by the warmer weather. Prices were unchanged at, $9.75 to $9.90 foc fine granulated, ——— Try o Tribune Classified Ad : he Casper Daily Tribune Oil Securities 30 a1 Boston Wyoming --. .95 1.00 Buck Creek --..---. .14 18 Burke -.. poem) ieee 80 Blackstone Salt Creek §.28 30 Chappell -..... .86 38 Columbine . Capital Pete .... Conaolidatea Royal Cow Gulch Lance Creek Royalty. Lusk Royalty Mike Henry . Mountain & G New York Oil ay Royalty &@ Producers — 08% 09% Sunset -. - 4 09% Tom Bel! y ---- .01 03 Western Exploration. 3.65 285 Wyo-Kan 70 +15 Western Oil Fretas. 80 Western States 20 Fon! .. 10 NEW YORK CURB CLOSING Mountain Producers 15.12 Mammoth -_ 55.00 Glenrock Otl 4 95 Salt Creek Prasad . 18.25 Salt Creek Prds -____ 18.00 18.28 We ee OU, K 13.00 Marine ... o----—.. 4.78 487 Mutual . — 8. O. Indiana Citley Service Com. 3rd 4th 4%s __ Victory 4% -. CS ee Livestock Crleago Prices. CHICAGO, June 6.—{U. 8. Depart mont of Agriculture..—Hogs, receipts 00; mostly 5 to 10c lower; top bulk 160 to 240 pound average -15@1.25; 260 to 325° pound butchers ; packing sows mostly $6.00 i desirable pige $5.50@6.25; heavy weight hogs $6.75@7.10; med- ium $7.00@7.25; ight $6.90@7.25; light light $6.50@7.15; packing sows smooth $6.10@6.35; packing sows rough $5.75 @6.15; killing pigs 85.50@6.35. Cattle, receipts 12,000; very slow; killing quality rather plain; beef steers and yearlings weak to 25c lower; in- between grades showing most decline; early top matured steers $11.15; few sales $9.00@10.50; better grades beef cows and heifers moderately active; steady lower grades canners, cutters and bulls slow; weak; seventy head choice beef heifers $9.65; light vealers tending lower; others about steady; bulk to packers $8.50@9.50; few $10 upward to $11 to outsiders. Sheep, receipts 7,000; active steady to strong ;several decks native springs $15.25; sorted light; best $15.50; culls around $11.00; good old crop lambs $14.00; medium to good California yearlings $9,00@10.00. Omaha Quotations. OMAHA, Neb., June 6.—(WU. partment of Agriculture.)—Hi - ceipts, 17,000; market active; lght and medium weight butchers, 10@15c lower; other butchers and packing grades, steady to 10c lower; close at best time; bulk packing sows, $5.50@ 6,50; bulle butchers, $6.5006.60; prac- Grains - STOCKS FIRM, WHEAT PRICES | CLOSE HIGHER} RALLY IN WART Prices Take Upward Trend|Closing Out of Spreada Be- tween Chicago and Winn!- Following Heavy Liquida- peg Great Factor. tion at Opening. CHICAGO, June @—Closiag out of spreads between Chicago and Winn!- peg had much to do with bringing| about an advance for Chicago prices for wheat today during the laet part NEW YORK, June ¢.—Pricee moved to higher ground in today's stock market after an early period of heav!- neas caused by active lquidation of the ofl and leather shares. Placing of Pere Marquette on a 8@ annual basis stimulated the buying of rail- road shares. Gales approximated 600,000 shares. of the board of trade eessions. Be- sides optimism was expressed in some quarters regarding the prospect for a Franco-German settlement. The close wan firm, %c to 1%o net higher, July $1.10% to §$1.10% and September $1.09% to $1.10. NEW YORK, June @—Prices és. played @ firm tone at the opening of today's stock market elthough there were signs of heavineas among some of the coppers and cheaper oils. Rails were in good demand, New York Cen- tral advancing a point. Steels, Mo tors, Cane and Equipments also pointed upward. CHICAGO, June @—Although at the opening today the wheat market showed sympathy with an upturn in Liverpool quotations, @ decline soon took place here Reports of favor- reils able domestic crop conditions had a et a ohetean ppd Meat besrish effect and there was no ax: gressive buying. The majrity of pur- heavy new low records for the year being established by Central Leather, common and preferred, and Genera! Asphalt, the last named dropping 2% points, International nickel preferred chasers appeared to be disposed to take ownership on price setbacks only. The start, which varied from unchanged figuree to half cent higher, with July $1.08% to $1.09% Czechoslovak Rep. 80, ctfa Danish Municipal 88, A | ———-—---———--—____. Dom, of Canada, 5s, 1952 French Repubic, 7% -~. Japances 43 Kingdom of Belgium, Republic of Chile, 8#, 1946 —.—_—_____ Kingdom of Norway, Republic of Chile, 8s, 1946 -______. State of Queensland, 6 U. K. of G. B, and I., 5348, 1987 American American American American Anaconda Anuconda At. T. and San Fe gen., ds .. Baltimore and Ohio cv., Bethlehem Stee) con 6s, Ser. A Canadian Pacific deb., Chicago, Burl and Qunicy re! Chicago, Mil., and St. Paul cv., 44s Chile Copper, 6s Goodyear Tire 8a, 1941 Great Northwestern Be!l Tel., 78 ----..-—. Pacific Gas and Electric 5s —~~ Penn. R. R. gen., Sinclair Con Oil col., Southern Pacifie cv., Union Pacific first 48 touched a new top. Foreign ex- changes opened steady. Active lquidation of low priced ofl and leather issues had a depressing ef- fect on the rest of the list, which turned heavy before noon. American Express broke 11% pointe in reflec: tion of the reduced dividends and weakness cropped out in Pere Mar- quette, Baldwin, Marine preferred, California Petroleum, Davison Chem! cal, and International Harvester, the last named touching a new low for the year. General Asphalt, Mexican Sea- board common and certificates and Pure Oil lost 2% to nearly 3% points. Atlas Powder, Federal Mining and Smelting preferred, American Can and tre merchandising issues were strong. Call money opened at % per cent. ‘There was no rush of provision pur- chases in the afternoon, but the mar- ket nevertheless hardened steadily with good gains registered by some of the earlier weak shares, notably California Petroleum and Davison and Beptember $1.09% to $1.09%, wan well above yesterday's finish. Later the market here developed considerable strength. Good Euro- pean demand for Canadian wheat was reported and there were bullish crop and Italy. July corn. After opening at \o off to %e up, July 82% to 82\c, the corn market scored @ moderate general ad- vance and then underwent something of a sag. Subsequently cern prices were eus- tained by the upturn in wheat values. Corn closed firm, at the same as yes- a2%c. Oats started unchanged to Kc lower; July 40%o to 41%c. Later the market showed a alight gain al) around. U. S. Rubber 8s —_.. followed by a decline all eround to] Western Union ¢i%s= Westinghouse Wilson and Co., cv., 68 - advances from Great Britain, France | creased its dividend from @ 6 to an 8 per cent basis, Corn and oate were relatively firm, | Will be payable July 1 te stock hold-| owing largely to eastern buying of|©¢r# of record June 20. terday’s finish to %o higher, July | quiet; electrolytic, spot and futures, 6s, RAILWAY AN! Smelting, 63 Sugar, 6a Tel. and Tel. Tel. and Tel., coi tr. Copper, 7a, Copper 8s, 448) 4s eA Northern 7a A jontana Power 5s A forthern Pacific ref., 6s B —-—--—..—-——______.. Ss Electric, Te E. T. Boosta Dividend %. T. Williams company has in-| Butter and Eggs The next dividend) CHICAGO, June 6,—Butter lower; creamery extras 37%0; standards 88@ extra firsts 3634@370; firsts ; neconds 34@34%40, Eges steady; receipts 26,697 cases; firsts 23%c; ordinary firsts 21% @220; ; miscellaneous 223% @23c; storage pack storage pack firsts 25@ Metals NEW YORK, June ¢.—Copper, Flax Seed. DULUTH, Minn., June 6.—Closing flax: July, $2.73% aske September, 1.52% asked; October, $2.42%4 asked.| léc. Tin, steady; spot end nearby, $42.00; futures, §41.87. Tron, stead: No. 1 northern, $29.00@31.00. Lead, steady; spet, $7.25@7.37. Zinc, stead: East St. Louis spot and nearby, Chemical. Phillips Petroleum and 6.356.448, Antimony, spot, $6.85@ + The prevision market reflected the | § Cosden Of also improved sharply. ; Low priced railroad shares! were gal.|Mrensth of corn, notwithstanding |@B 0 JOHNNXSHINES vanized into activity by the declara a : 66 99 tion of an initial dividend of one per —— LI ICK cent on Pere Marquette, that stock|Wheat— Open High Low Close rising to above 4, after welling a 1% | July -—-— 1.09% 1.10% 1.08% 1.1014 : during the morning. Sept. ——-- 1.09% 1.10 1.08 1.09% VIOLET MERSEREAU The closing was firm. “Marking up| Dec. ------ 1.11% 112 1.10% 1.11% of American Locomotive to 145%, the| Corn— / highest price ever recorded, rallied | July 2% 82% BLK 82% elie dissent Pee Sereen bar, the entire list in the Inte dealings. |Sept. -—- .78% 79% .78% 78% | °° . . - SELGnnNe cued Dec. —--— 67 67% .66% LaerG. toeea Surveying and Locations Onte— Se, |} Geologists, Ol Experts, Oil Field Forel July 40% 42% 40% Set Blue Prints ‘oreign Ex: 38.88% Cotto: MING MAP AND gn Exchange 40% 40 a BLUE PRINT CO. A | P. O. Box 325 NEW YORK, June 6.—Forelgn ex-|2u% ——— 11-20 Mat 1.35 11. Er NEW YORK, June 6—8pot cotton, | Room 10, Daly Bldg, change frregular quotations in cents:| pipe ——*2" - - “ quiet; middling, $28.45. | Great Britain demand 462%; cables Jul: 23 9.33 o.a2 — a ——————— 462%; 60 days bills on banks 460%.| G0 ——— §'67 3 8 France demand ley oot, Ue s Italy demand 4.7 sium demand 5.60; cables 6.60%.| CHICAGO, June 6.—Wheat—No. 1 Germany demand ,.003%; cables -0018%. Holland demand 39.19; cables 39.22. Norway demand 16.60. Sweden hard, $1.12; No. 2 herd, $1.11. Corn—No. 2 mixed, 84@84%e; No. 2 yellow, 85@35%c. demand 26.60, Denmark demand 18.24,| Oate—No. 2 white, 45@45%c; No. Switzerland demand 18.03%. Spain| # white, 43% @45 ie. demand 15.18, Greece demand 2.72.| Ry®—No. 2, 70%c Poland demand .0018. Czecho Slov-| Barley—60@68c. akia demand 2.99. Argentine demand| Timothy seed—#5 6.56. 35.87. Brazil demand 10.30. Mont-| Clover weed—$15.00@17.50. real $ 15-16. Pork--Nominal. eee Lard—$11.25. Ribe—$s.75 ——— Money CARD OF THANKS. ‘We wish to thank our many friends for their kindness an@ help during our recent bereavement in the lone of our son, Donald Earl Myers, to thank the West Casper NEW YORK, June 6.—Call money easier; high 4%; low 4%; ruling rate 4%; cloning bid 4%; offered at 4%; last loan 4%; cal! loans against aq tical top, $6.60; few lords held at $6.65. Cattle—Receipts, 9,000; good weighty steers about steady; others weak to 10@15c lower; spots on light yearlings off more; top matured steers, $10.75; bulk, $9.00€710.00; best she stock about steady; others woak to 10@15c lower; bulk cows and heif- ers, $6.00@8.00; bulls wenk and veals steady; bulk bolognas, $4.254.50; top veals, $9.00. Sheep — Receipts, 8,500; Iambs strong; top, fed clipped lambs, $14.00; best California springer lambs, $15.25; native sprniger sheep, dull; few light ewes, eders, 15¢25¢ higher; Californig pring feeding lambs, $15.20, Deaver Prices. DENVER, Colo., June ¢.—Cattle— Receipts, 2,100; market weak to slow; beef steers, $7.00@10.80; cows and heifers, §4.50@8.60; calves, $4.50@ 12.50; atockers and feeders, $6.00@7.75. Hoge—Reoceipts, 800; market steady; top, $6.85; bulk, $ 1S 6.75. Sheep — Receipts, 300; market teady; clipped Iambe, $12.00013.28; ring Iambs, §13.00@14.75; ewes, $5.00@6.50. Try a Tribune Classified Ad. [he rm nmet sero ‘SS Equipped with coin and brain, A “Want ad” placed with Clisey Fied . \ p\willeure results obtain, CLASSY FIED The Want Ad “Page” (open So eee Standard Oi] employes, Nasare; Sunday school and others for their floral offerings. Mr. and Mrs. Myors and famil: mixed collateral 60-90 days 4%@5; 4 to 6 months 5; prime commercial pa- per 6. Its a Nice Idea but —— LL men aren’t 1 and neither are all valve cups. Far from it. Two of either may look alike at the start. It’s only after they've been awl that ; diference bite vod ne tween the eyes. You vee then that genuine Darcova Valve Cups are putting oil in the pipe line after the other cups have worn out. pros ste pu line Ont o5d ew cupping the other valves at a i erences of time, fabor and lose oil, the Darcova Cups are working slong aswell aseverand carning money foryou. ‘You want trustworthy men and those trustworth: Darcova Valve ups. It pays to be particular Look for the label, and insist on getting genuine Darcova from your dealer. si ee a ae NE TE Michelin Tires ought to be high priced but they are not. Ask us R. M. MOSHER Phone 809 180 West Yellowstone 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