Casper Daily Tribune Newspaper, June 8, 1923, Page 11

FRIDAY, JUNE 8, 1923. he Casper Daily Cridune PAGE ELEVEN Casing Troubles Overcome After having trouble with honey Dome, the Producers & with both operations. feet. The Bodie Dome wildcat is ing at 965 feet. The well ts on sicton: 33-81-80. The Enos Creek well fn the Big Horn Basin, is drilling at 2,780 feet. The Thornton well, sec- tion 25-26-86, is cleaning out and will weather and water, bat the §%4 n casing has been landed at 1,77) § gna work is going ahead forily. Material is being moved in on sec tion 80-5497, Garland Dome, prepara- tory to building the derrick. The Sherard dome well is drilling at a depth of 1,700. in the Ferris field, well No. 22, sec- tion 25-26-86, is cleanimg out and well No, 12, section 26-26-86, is drilling at 2,186 feet. ‘The derrick is being moved to @ new focatiun on section 726-89 in the Wertz field. The company has spudded in the wildcat at Bell Springs, on section 1-23.89. The camp has been finished CHICAGO, June 8.—The business volume and scale of industrial opera- tions for the first five months of 1923 were greater than in the con- responding period of 17), the all-time bon County; Bodie Dome Test in This County Is Down Nearly 1,000 Feet The first, on section 4-25-88, is down 2,883 feet and the other, on section 83-26-88, is down 2,860 Volume of Business Breaks All Records for Country in Two Operations in Car- casing in their wells on Ma- Refiners is ready to go ahead getting ready to run 1214-inch and the water line is being run. The Simpson Ridge test, esction 20-21-80, is drilling at 440 feet. In the Baxter Basin field the well on section 13-17-104 is drilling at 800 feet and the well on section 36-17-104 is drilling at 386 -feet. The P. & Ris. operations in the Salt Creel. field use a» follows. Well No. 8, Section 15-40-79—Spuad- ing in at 80 feet. Well No, 1, Section 18-40-78—Depth 2,724 feet. Getting ready to shoot. Well No. ", Section 324078—Drill- ing at 1,840 feet. Well No. 3, Section 6-89-783—Depth 1,420 feet. Swabbing and cleaning out. ‘Well No. 1, Section 1438-18—Depth 2,620 feet. Getting ready to pull tub- ing and clean out. of 1922 through May of this year. The comparative statement shows clearings for the first five months of 1928 at $13,415,044,029, against $11,- 096,820,715 for the same period last New York Stocks Canadian Pacific Central Leather 25% 42% 60% 64 19% Chandler Motors -----.-._-.. Chesapeake and Ohio ex div. Chicago and Northwestern . Chicago, Mil and St. Paul pa — Chicago, R. I. and Pac, -__... Chile Copper Chino Copper. -. Consolidated Gas —.. Corn Products -----------———— Cosden Ol -. Crucible Stee! --_-. Cuba Cane Sugar pfd Gulf States Stee! -. Illinois Central Inspiration Copper -. International Harvester —. Int. Mer. Marine pfd - International Paper Invinciblo Oil ----. Keily Springfield Tire Kennecott Copper ex div. Lima Locomotive -< Louisville and: Nashville -_-__ Mack Truck Marland Oil Maxwell Motors B - Middle States Oi! ex div. -. Missouri, Kan and Texas new — Missouri Pacfic pf4. New York Central 4 period for volume of trangac:|year and $10,930,166,213 for 1921.| N. Y., N. HL, end Martfor® -... 18 Arse m& recent summary of the bust | The record figure for 1920 wags Norfolk and Western -.----... 108% ness of the Chicago clearing house slightly larger in dollars, having been Northern Pacific ----. Pacific Olt Pan American Pennsylventa reveals, The statement, made public | $13,768,089,500, but this was regarded today, shows an almost unbroken | as not indicative of « larger volume wuccession of increase in the monthly | of business because of the higher business acale from the first quarter | Postum Cereal Dividend. NEW YORK, June 8,—Diréctora of the Postum Cereal company today announced a 100 per cent common stock dividend payable June 19. There are now outstanding 200,000 shares of no par common stock. Oily Slow. NEW YORK, June OLICE HUNTING “s.—Prices of FIRMS RECORDS (Continued from Page One.) ket. The petition was the climax of an exciting forenoon around the Winkelman offices during which the doors of the firm were temporarily closed, only to be opened again later. Liabilities of the Winkelman firm were placed at 91,750,000 and assets at $1,500,000 in an application for re- ce\vership made before Federal Judge Bondy. Judge Bondy named Charles L. Livingston receiver, with bond of fifty thousand dollars. The firm has offices in 13 eastern citlea, It was the largest house actively in business on the curb market today, the only other large one, that of Jones and Baker, having gone into bankruptcy and been suspended last week. Members of the firm are L. L. \, Winkelman and A. K. Nicholson. Mr. Nicholson formerly was a member of the consolidated stock ex- change, but resigned several months ago after an investigation of his af- fairs had been instituted by the board of governors. A year azo Mr. Nicholson. figured in a mymestional court case when he " '" arrest of Miss Malvyena an actress, whom he with having held him prison- her Riverside Drive partment chree days and nights, forcing him. to sign checks for large sums and robbing him of a $5,000 stick pin and other jewelry. Miss Richman was indicted for grand larceny but not brought to trial. The bankruptcy petition was filed by the Sorg Printing company. Charles HH, Brady and Packard Brothers, Ine. - Suspension of the Winkelman firm trom the New York curb market was announced shortly before noon. SWAN UNDERREAMERS ‘§ AT YOURSUPPLY STORE BrRivcerortT Market Gossip On Operations in Oil Fields Iprice levels of 1920. and Briefs - Wyoming olls at 2 p. m. today were listed on the New York Stock Ex. change as follows. Boston Wyoming $1.0 11%; New YoYrk .11%; Omar ana) .58%. _NBW.XORE, jidune: a-—Prtoms ot AA TERS edd | Foreign Exchange | NEW YORK, June 8.—Foreign ex- changes easy. Quotations in cents: Great Britain, demand, 4.61%; cables, 4.61%; 60-day bills on banks France, demand, 6.43; cabl Italy, demand, 4.66; cables, 4.59%. Belgium, demand, 5.54%; cables, 5.55. Germany, demand, .0012%; cables, .0018. Holland, demand, 39. 39.21. Norway, demand, 1 demand, 26.62. Denmark, demand, 18.06. Switzerland, demand, ‘ 18.00. Spain, demand, 15.08. Greece, de- mand, 2.85. Poland, demand, .0013. Czecho-Slovakia, demand, 2.98%. <Ar- gentine, demand, 85.40. Brazil, de- mand, 10.80. Montreal, 97 13-16. Metals NEW YORK, June &.—Copper quiet; electrolytic spot and futures 15, Tin quiet, spot and nearby $42.37; Idon steady, prices unchang- ed. Lead steady; spot $7.25. Zinc quiet; East St. Lou's spot and nearby $6.25. Antimony spot $6.75. ee Money NEW YORK, June 8.—Call money, steady; high, 4%; low, 4%; ruling rate, 4%; closing bid, 4%; offered at 5; Iast loan, 4%; call loans against acceptances, 4%; time loans, steady; mixed collateral, 60-90 days, 4% @5; 4-6 months, 5; prime comercial paper, H arding Will WASHINGTON, June 8—Final ar- rangements for President Harding's visit Saturday to Delaware were made at a conference betwen the executive and Seriator Ball of that state. The president and Mrs. Harding will leave Washington by train early Saturday, arriving at Wilmington at noon and attend a lucheon give by the Young Men's Republican club of that clty at which Mr. Harding will speak. The president then will motor to Dover where a brief visit will be paid to the capitol, continue on ta Milford where the president will be initiated into the Tall Cedars of Leb- anon, and leave Milford Saturday “LOSE'NO CUTTERS! Glenrock, .90; Mountaén Producers .15; Mutual 80; Salt Creek .17%; Standard Oil (ndi- Peoples’ Gas --_-. Producers and Refiner Pure ON - Reading - oe Republic Iron and Stee Sears Roebuck - Sinclair Con Oil --. Southern Pacific Southern Railway Standar¢) Oil of N. J. ‘Transcontinental! Oil ---. Union Pacific United Retail St U. 8. Ind. Aleohol - United States Rubber United States Steel -..-.~. Utah Copper ex div. -.-------. Westinghouse Et Willys Overland -. ee, American Zinc Lead and Sm. Butte and Supérior Colorado Fuel and Iron Montana Power --. National Lead ----. Shattuck Arizona Cumberland ------—-- Calena, -------—-------- Torchilght ------- Ek Basin Greybull Rock Creek Salt Creek Mule NEW YORK, June 8,—Foreign silver, 64%; Mexican dollars 49%. CHICAGO, June 8. — Potatoes steady; geceipts 66 cars; total U. 8. night for Lewes, where the party will| rels Cobblers number 1, shipments 917; Wisconsin and Michi- gan sacked round whites .76@.90 owt; new stock weak; South Carolina Bar. 6.3! Ala- hoard the Mayflower for the return | bama and Louisiana sacked Trimuphs trip to Washington. | too few sales to establish market. Oil -:- Finance -:- Bonds -:- Stocks -:- Grains - P.& R. GOING AHEAD ON MAHONEY DOME Capital Pete ~.-.... Consolidated Royalty — Cow Gulch ~..-.-.... 00% 1.33 2 00% 1.31 New York Oil 14.00 Outwest --._. 00% 00% Red Bank (new) -. 7.50 8.50 Picardy - 03 04 Royalty and Producers 08% .00% Sunset 08% 09% Tom Bel! Royalty ---- .01 03 Western Exploration ~ 3.65 3.80 Wyo-Kan 70 15 Western Oil Frets. 70 80 Western States 19 21 One 08 10 NEW YORK CURB CLOSING Mountain Producers -$ 15.00 § 15.25 New York Oil 12.00 13.00 Glenrock Oil -82 85 Salt Creek Pras, 17.75 18.00 Salt Creek Cons, 9.00 9.25 Mammoth -. 51.00 56.00 Marine 4.75 5.00 Mutual 11.00 9-11.12 8. O. Indiana 68.25 58,50 Cities Service Com. -. 154.00 156.00 LIBERTY soxvs Bue -. Fret 4s Second 4s First 4%s Second; 4%s Third 4%s Fourth 4%s Victory 4%5 Livestock Chicago Prices. CHICAGO, June 8.—(U. 8. Depart ment of Agriculture,) —-Hogs—Re- ceipts, 38,000; uneven, 10¢ to 250 lower; lights off most; top, $7.05; bulk 160 to 325 pound averages, $6.75@7.90; packing sows, $5.85@6.15; desirable 110 to 130 pound pigs, $5.25@6.25; heavy weight hogs, $6.60@6.95; me- dium, $6.80@7.00; light, $6.70@7.00 light Ught, $6.25@6.80; packing sows. smooth, $5.90@6.25; packing sows, rough, $5.50@6.00; killing pigs, $5.00 @6.25. Cattle—Receipts, 3,000; kiNing qual: ity generally plain; all killing classes yearlings and light bulk steers, $8.75@9.75; bulk desir- able heifers, $7.00@8.2! canners moatly $2.60@2.85; cutte: $3.00@ 3.25; bolognas, $4.50@4.75; outsiders paying $10.00 for few choice vealers; few early sales to packers, around $9.00. Sheep—Receipts, 7,000; fairly ac- tive, around steady; bulk good and choice native springers, $15.00@15.25; choice 70 pound. ave! to clty butchers, $15.75; cholce 180 pound ewes on shipping account, $3.40; bulk heavies, $2.75@3.50; few handy weight, $5.00@5.50; few good and choice young breeding ewes, $€.00@ 6.75. Omaha Quotations. OMAHA, Neb., June 8.—(U. 8, De- partment of Agriculture).—Hogs—Re- ceipts 19,500; fairly active, 15@25c lower; mostly 25e lower; bulk packing sows $5.30@$5.40; bulk butchers $6.30 @$6.40; top $6.50. Cattle—Receipts 2,400; market slow; Peet steers and killing she stock, fairly steady; ail other classes mostly un- changed; top matured steers $10.50; bulk $9.00@$10.20; bulk cows and heif- ers $6.00@$8.00; bulk canners and cut- ters $3.25@$4.25; bulk bologna bulls $4.25 @$4.50; practical top veals $9.00. Sheep—Receipta 3,000; all classes steady; bulk California spring lambs $14.75@$15,00; top $15.00; yearlings $11.00; wethers $7.50; handy wetght ewes $5.00; no feeders sold. Denver Prices. DENVER, Colo., June 8,—Cattle— Receipts 6581; market steady; beef steers $7.00@$10.25; cows and heifers $4.50@$8.50; calves $4.50@$11.00; stockers and feeders $6.00@$7.75. Hogs—Receipts $5.75; + market steady to 5 lower; top $6.50; bulk $6.30@36.50; pigs $5.00 to $5.25. Sheep—Receipts 381; market steady; clipped lambs $12.25@$13.2 spring lambs $13.75@$14.75; ewes $5.50@ $6.50. SS | Sagar | NEW YORK, June 8.~The market for refined sugar was quiet and un- changed at $9.75 to $9.90 for fine granulated. One refiner was selling for “account of whom it may con- cern” at $9.50, Sugar futures closed ea: approxt. mate sales, 61,000 tons. July, $5.98; September, $6.05; December, $5.50; March, $4.20. ‘Butter and Eggs CHICAGO, June 8.—Butter, high creamery extras, 38% @39c; ards, 39%c; extra firste,- firsts, 35@36c; seconds, 33% @34\c. unchanged; receipts, 26,187 cases, STOCK DEMAND [3 IMPROVED) SCORE ADVANCE: Steadier Tone Imparted to Trading by Heavy Buying of Rail Shares. NEW YORK, June —Raltiroad Stocks continued to move upward in foday’s stock market, but bear sell- fng combined with some liquidation of industrials and specialties carried several of these shares to new low records. Sales approximated 665,000 shares. NEW YORK, June 8.—Speculative sentiment was unsettled at the open- ing today of the stock market and price changes were decidedly irregu- lar. There was @ resumption of yes- terday’s selling in the oils and mo- tors. Studebaker Cropped a point but low priced rails were in fair demand at advancing prices. Coca Cola dupli catetd its previous high on a gain of one point. New high records for the year were made by Pere Marquette and Schultz Stores, Steel and Tube preferred jump- ed nearly 6 points and Adams Ex- Press moved up 2% in reflection of the increased dividend. Equipments turned heavy. Pierce Arrow issues Yielted materially to selling pressure. Foreign exchanges opened slightly lower. Buying of non dividend paying rail- road shares to the virtual exclusion of almost anything e’se and selling of the recognized industrial leaders were the dominant features of the morning selling, Gains of 1 to 2 points were regis: tered by thirteen low priced carriers. Investment rails were more quiet Woo!worth jumped five points and Schulte four. The selling was most effective in the higher priced oils, food and motor shares. American Express broke aix points, Atlantic re fining 5, Union Bag and Paper 3 and California Petroleum 2%. New lows for the year were estblished by In- ternational Harvester common and preferred, American Express, Wells Fargo Express, Virginia Carolina Chemical preferred and Wilson pack- ing. Call money opened at 4%. Further accumulation of the low priced railroad shares and buying of some of the public utility and mer chandise issues served to impart a steadier tone to the early afternoon dealings. Recoveries, however, in California Petroleum and some of the earlier weak features were slight Underwood Typewriter advanced 4% Twin City Rapld Transit 3, Public Service of New Jersey 2%, Colorado Fuel 2% and Associated Dry Goods 2%. ‘The clos!ng was irregular. felling pressure exerted against California Petroleum which lost over five points dragged down also other industrial leaders to the lowest prices of the day in the final hou PLAYGROUNDS ARE LAUNCHED (Continued from Page One.) “Just am safe as if they were in school” is the motto of those who are directing the work. The playgrounds are tocated at West Casper school, North Casper, Bast Casper, and at the high school athletic field. Miss Bryant, Miss Nichols, Mrs. Baker and Mrs. Rich- mond are the teachers who will watch over these grounds respectively. The following program will be fol lowed out: Hour 9-10—Apparatus: swings, akipping. Gami horse shoes. 10-11—Singing games for small chil- dren, sand table, stories‘ 5- 6—Clubs: 1. Doll club—Girls, Kite club—Boys. 2. Apparatus: swings, slides, etc. 6- 7—Ball games: 1. Basketball—Girls, 2. Track—Boys. 1- 8—Baseball. POLICE COMB MICHIGAN FOR KING PURRELL ST. JOSEPH, Mich., June 8.—The search for “King” Benjamin Purnell is on in earnest. Armed with a warrant charging the missing House of David leader with a statutory offense against a 15-year. old girl, the Berrien county sheriff's office raided Shiloh, Purnell’s resi- dent at the Benton Harbor colony and failing to find him there, extend- ed the search to other places in and out of the state where it is believed Purnell may have sought refuge. Gladys Bamford Rubel, former member of the cult and inmate of Shiloh, made the complaint on which the warrant was issued by Circuit Judge’ Charles EB. White of Berrien, county. She charges a series of as- saults by Purnell over a period of three years, ‘Tho first, she avers, when she was thirteen years old. The charges are brought within the statute of limitations by an alleged Agsault in October, 1918. pei sithie "asia The canning of shad is confined to the States of Oregon and W. lides, rope bean bags, - Livestock -:- All Markets WHEAT PRICES Fractional Increase Noted in Closing Sales on Chicago Market. KANSAS CITY, Mo., June 8.—Hog prices dropped to the lowest level since 1915 at the loeal market today. ‘The decrease was attributed to heavy receipts and a liberal hangover. Traders paid 10c to 150 lower than yesterday prices, offering up to $6.60. Packers were bidding 150 to 20c lower, their top being $6.55. The re- celpts today were 56,000, CHICAGO, June 8.—General selling of wheat found the market without much spport today during the early dealings. Lessened optimism as to Mkelihood of a reparations agreement between France and Germany, had a bearish effect and so too did reports and clearer weather in Oklahoma, where harvesting will start on Mor day. Trade evening up however, to Prepare for the government report due after the close, helped somewhat to steady the market. Opening prices, which ranged from % to %ic lower, with July 109% to 110%, and September 109 to 109%, were followed bya moderate further setback and then something of a rally. Subsequently, reports of crop dam age tn Oklahoma and Kansas brought about relative strength in the July delivery. The market closed unset tled at the same yesterday's finish to Kc lower with July $1.0% to $1.10% and September $1.08% to $1.08%. Corn and oats were eaiser with wheat. After ppening at a decline to a shade advance, July 80% to 80%, the corn market underwent a general downturn, Scarcity of offerings, especially in the July delivery brought about ral Hes later. The close was unsettled at a range varying from Yc net de. cline to %e advance with July .81%4 to .81%. Oats started unchanged to %o off, July .88% and later showed slight losses on all deliveries. Lower quotations on hogs weaken- ed the provision market. Wheat— Open High Low Close — 1.09% 1.10% 1.09% 1.10% yellow, 84% @84%o. Oats—No. 2 white, 45% @46%c; No. white, 44% @45c. Rye—No. 3, 73c. Barley—60@68c. Timothy seed—nomipal. Clover seed—nominal, Pork—Nominal. Lard—$11.20, Burlington Gets Big Payment On U. S. Guarantee WASHINGTON, June .8—The In terstate Commerce Commission has authorized payment to the Chicago, Burlington and Quincy railroad of $4,- 638,000 on account of the guarantees of earnings given the railroads during six months of 1920. The payment closes the account with the road, which, with today’s payment, will have received from the government $12,288,000. New Hospital Areas Surveyed WASHINGTON, June 8—A com. plete survey looking toward the es: tablishment of hospital areas through out the country for U. 8. Veterans bureau hospitals without regard to arbitrary regional lines has been undertaken by Director Hines. Difficulty has been found, the di- rector said, in providing hospital treatment for some former service men because their nearest hospital is across the line of the bureau district. Under the survey the country will be divided into areas so every man will recetve treatment at the nearest hospital. ase Flax Seed, DULUTH, Minn., June 8,—Closing | flax July $2.75% sked; September $2.51% asked; October. $2.39 bid. SWAN UNDERREAMERS Vd AT YOUR SUPPLY STORE BrRrivcerortT ton. THE PIPE FOLLOWS 1.09 1.09% 1.08% 1.08% - 1.11 1.11% 1.10% 1.11% BOM 82K 81S -TT% 178% 11% - 66% 67% 66% Sept. --.. 38% .38% .38 38 Dec. 40 40m 20% 40% Double Acting Jaws Non Slip Adjustment July w—-11.35 11.85 11.27 11.27 ‘Will Not Crush Pipe Sept. —--11.60 11.60 11.60 11.52 July ---. 9.30 9.30 9.07 9.10 Sept. . 9.55 9.55 9.30 9.62 TWO IN ONE CHICAGO, June &—Wheat—No Pavisleet of: Meakey, sales. Corn—No. 2 mixed, 83% @84c; No. Czechoslovak Rep. 80, ctfs 95% 95% Danish Municipal 83, A --—— ——— 107% 107% Dom. of Canada, 5s, 1953 —______. 28% French Republic, 748 -—. —-— 95% Japanese 4s -~ — 81% Kingdom of Belgium, 88 --—-——_______ 100% Republic of Chile, 8s, 1946 103% Kingdom of Norway, 6s, 933% | Republic of Chile, 8s, 1946 103% | State of Queensland, 6s 100% U. K. of G. B. an: 103% American 98 American 101% American 114 American 97% Anaconda Copper, 7s, 1938 101% Anuconda Copper’ 8s, 1953 97% At. T. and San Fe gen., 4s 8834 Baltimore and Ohio cv jan F ds so, Burl and Qunicy ret., 99% Mil, and St. Paul cv. 65% Chile Copper, 6s 100 Goodyear Tire 8s, 1941 86% treat Northern 7s A 108%, fontana Pow’ A 108%, ‘orthern Pacific ref., 08% Northwestern Be!!l Tel., 7 107% P: ° nd E 9044 is gen., 5s 100% clair Con O!1 col 9914 Southern Pacific cv., 92 Union Pacifi 91 U. 8, Rubber 5 - 88% Western Union 6%= a 108% Westinghouse Electric, 78 106% Wilson and Co., cv. 6s - 90%4 Ot atory, is just as futile as teaching civil engineering without a fled course in surveying.” What the student needs, Professor Snow, declared, is reference to a pur. chasing public to verify his theories gained in class. It 1s possible to ar range this contact by a co-operativé plan betwen the advertiser and thé university, he said ADVERTISER SHOULD USE | UNIVERSITY ATLANTIC CITY, N. J., June 8— @ the Universities,” the advice of Professor A. J. Snow, in structor of psychology at Northwest: | ern University in an address prepared for delivery before the annual conven- was NEW YORK, June 8.—Spot cotton, tion of the National Association of| quiet; middling, $28.85. achers of Advertising in session here with the Associated Advertising clubs of the World. “It is obvious,”| ‘The United States consume he sald, “that the teaching of adver-|nbout one-half of all the electrical tising without an experimental labor- power produced in the world. Note Frame Construction Guaranteed uns breakable under any strain or side pull— Jaws cannot get out of line— Use a Larco on your next job—and get a new kind of wrench satisfaction. Pipe wrench sizes—8’, 10’, 14", 18", 24% Your supply house has them or write LARCO WRENCH & MFG, CORPORATION CHICAGO, ILLINOIS ANNOUNCEMENT John A. Higbee, the real estate man of Casper, Wyoming, and Rex Snyder, of the Snyder ranch, HAVE THE EXCLUSIVE POWER AND MANAGEMENT OF THE NEW TOWNSITE OF SNYDER WYOMING Located southwest of Lavoye, Wyoming, on the North and South Railroad, where the new depot is being built, just outside of the oil reserve and where you get a deed to the surface, oil and mineral rights to the Jand. PRICES AND TERMS Business lots, right at the depot, $800. Residence lots, close in, $100 and up All lots 50x130. Easy terms, no restrictions. These lots have gas, water, lights and phone. A new town that is bound to grow fast. Salesmen on the ground at all times. J. A. Higbee and Rex Snyder Casper and Snyder, Wyoming ; ©] t