Casper Daily Tribune Newspaper, June 24, 1923, Page 7

SUNDAY, JUNE 24, 1923. Che Casper Sunday worning Cribune - PAGE SEVEN eee ein pein toe cee WOYMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT OILS HEAVY IN SHORT i i] Securi F Making P . Oil Securities New York Stocks argo mg rrogress on SESSION ON EXCHANGE |e =" Allied Chemical & Dye 65% i ~ American Gant ay ou asper Uree e 24 Peete Car & Foundry 166 m e } ‘ merican International Co! 20% B Crude Oil Reduction and Over-Production Have Bear- 100) | eee, eS wove 381, | With the tire out which destroyed) _N . Py A .( merican Smelting anc Refg — 59% \e! lestroye No. 27 had drilled through the ish Effect on Trading; Stocks Recover From Sn ee 138 |Aerican “sugar —* Si | the rig of the Fargo Ol! company | sand and is now at 670 fect. ----: 2 i American T. and T. vi Ni sf ) > a Low Record of Early Week idcxatoia BaiteGepee ray lAteedtees (meease well No. 23 in South Casper Creek sicerabley sronk lo was had at this |cccnoslov io nae Chappell: ai Artimeteamnt curcolen and material on the ground for a] progress and It 1g expeced that good |Panish” Municipat f Gay antna: 3 sl kuepooea: Capper Rigw al whisti-qiil ee lar tad) toca ae eee ll 0 maintained until the | Dominion of Canad t NEW YORK, June 23.—At the close of a week during | Gonmilasted Royalty 00% | Att Guilt and drilling will be resumed aa quickly| A water well for the purpose of sup-| fapanese, as. = a which stock prices collapsed to new low records as a result Gidea 128 |Ralawin Locomotive as possible from 1320 feet where the| Plying the midway pumping station |Kingdom of Belg a of forced and frightened liquidation, today’: + 2 |Raltimore and Ohio - casing has been set throu on the pipeline has been started in|Kinsdo of Norway i i y’s short session o: <13y il Seeabiiivons tect through the gas|the Emmisrant G |Republic of Chile gs i the New York stock exchange moved in quiet and aimless 04 |California Petroleum aac Gee waaon SoC USHA ER nine Queensland’ 6s 4 fashion with the selling of oil shares an outstanding develop- £00 Canadian Pacific ‘The crew 4s fishing for lost tools in| be mad>. It is expected that severa | haha Orica dss | 7 ment 62 5 in’ Leather — No. 22 wi : will b sped wi opaldwin, Avner! Cc Sag 2 05 -06 |Cerro de Pasco Copper -. i which is 150-feet in the Ten badder ctirteoy within 1,600 feet of the | Ameri MBSGAMARSEeS took, ote pee! Studebaker also lost ground. | Finney ae 23, [Chandler | Motors: — sleep. Duo to the fact that the wire| Soced to ingen vatee sand ia sup: | Amer! 2 place in the] .treay: 9 a 01 ‘Chesapeake and 0) line broke some distance P: th coppers and a few specialties, notably See TRAE figeh ot the Call-] Kinney Coasta’ ..-2_~ 21 |Chicago and Northwestern _ connection with the tools 1t eal peta for the new pipeline has been |\Taconda Copp reas aattnen carporntian ane s the predominating | Lance Creek Royalty. ‘02. | Chicago, Mil. and St. Paul pi sary to break this off s0 that a sock.| eth teen er ree and it will | Anaconta. Copper Famous Players. The closing was|c@use for the weakness of oil shares,| Lusk Royalty 0g. |Chicago, R. I. and Pac. -. ee WIE GID Or eae tna a sock: |all be on the ground within the next |At gana pper frregular with salea approximating | nearly all of which touiched new low | Mik® HOMEY. s-—=-—— 3 pt R e fore they can be lifted. This re-| pipe days. About seven miles of the|Paitimore a 300,000 shares. prices during the week. Copper|New York Of -272212.00 38 |Chino, Copper —- Guires considerable time, ‘The Job) cine screwed. of which two are laid | Bethlehern Strong buying support followed| dealers report a better domestic and| Outwest ne RE 14.00 |Corn Products i not considered as serious but ow.|chines on the john ieiy cee short selling during the early part of|forcign demand for the red metal|Red Bank Comneou, ... ing to the amount of crude in the|the line win bo mend eereted that the week in which much of the loss} which has been quoted at 15 cents a| Picardy ing {Crucible Ste hole which: ia flowing it, ta a slow|cartying of crnGe Den te foe the was recovered. Bond prices moved| pound and better. On the basis of |Royalty & Prodi “ ja + |Cuba Cane § Process and may require several 4: Ae eeingene sata gie cieid to in sympathy with the stock oyalty lucers .07 08 7 ral days | the local refineries not later than th in_ sympathy stock market. | estimates published by the electrical| Sunset —_------ 01 02 before drilliog can be resumed. first of A eater Commodity prices, as a rule, also| industry, the market for copper in|Tom Hel! Royalty ---- 01 Ue layers st of August. AG Jost ground with another cut of 25| that fleld this year, is estimated »y|Weatern Exploration. 2.55 3.65 |General ‘Hinetri ‘ hwestern Bell 7 cents a barrel in Pennsylvania crude| the copper and brass research asso- | Wyo-Kan 70 Tet Sater ote arke : , i {fic Gas and Ele ofl as one of the chief features, sales| ciation at about 125,000,000 eS x 3 sorthe R. gen. 58 c 25,000,000 pounds | Western Oil Fretas 80 |Great N an ae z of corn at $1.04% a bushel, a new|for high voltage transmission lines | Western States -. 30. laut eeates itech = OSs] riers SERS eee high for the year, was the outstand-| alone. Y (eee at 10 |Tilinois Central __ e : ing event in the cash commodity One of the most significant trade NEW YORK CURB iG Inspiration Capper % O < <. bs market. developments of the week was the|Mountain Producers -$ 14.12 § 14.37) International Harvester 80 nN era 1ons In 1 4 1e ds Railroad shares offered stubborn re-| report that June buying of iron and|Mammoth --- 50.00, 66.00) 28E, Mer Marine. pfd. - 4 ‘ sistance to selling pressure. Car load-| stecl has been at a larger rate than|Glenrock Oil 82 BE janiernationsl Paper ing statistics published this weck ox-| that of May. Steel stocks weakened {Salt Creek Prds. ---. 16.00 16.25] }neimeitie OU Ch G ceeded the million mark for the sec-| with the rest of the market, Sugar|S@t Creek Cons 9.00 | 9.38 | are ecctt COND jeaper Gas Rates Asked less off-set ond time this year and indicated that | shares showed slight improvement in|New York Ol - $:00) 10.00] oer ecore, Coneee Cheaper gas rates for Billings, Mont| ing Secretary tock ater ot hear June traffic would reach unpre-| response to the increased domestic| Marine - 4.75 4.87|Tou'sville and N have been the subject of a petition of| tions at issue would he whe ee cedented totals. President Harding’s| demand for the refined product, ana| Mutual - 10.60 © 10.62) Mack Truck -. representative citizens before the| advisement and an early. dccieon ee rattransas Cioient HEHE att | AnGrimproremsent Ie the: Taye segte |B: Os Ineans Ri kee latacanes oa Montana Railway commission. The] would be given, ny Aeelsion vocating railroad consolidations and] situation. Automobile production ap-| Cities Service Com. -- 134.00 186.00 | Max Rape age reas ome cunts 1DEr opposing government ownership un-| pears to have reached its peak. Soe GR Middle atone cublastest Burley Test P i doubtedly will be well received in the] © Money rates continued moderately LIBERT: sons Missourt The Billings Gas company holds] The Bur'e3 Saar dn financial district. enay: 8%e. L.. -$100.84 | Missour the franchise for supplying the Mon-} the Burle: : First 4e % t city with natural gas which it| down to F 0 Second 4s _ Ba obtains by pipeline from the Galla-| pected from 1 to 1250. feet Frst 44s x Sorthern Pacific tin Gas company's ho'dings in the] ogists of the Union Oil comp ipeline Runs Increase oe oh Seana St ny cman Third 4%s - - The Billings Gas company will be|vey of the structure. ‘The Burley represented in the hearing which has been set for June 25, by Snell and Arnott of Billings. The Gallatin Gas company by A. M. Gee of Casper, thé Fourth 44s - Oil company is f assures complet rest posible ly finance n of the which bie's Gas. — cers and Refiners Pure OF In This Region Last Week é Reading - titioners by City J y 7 2 Livestock Republic’ Iron and Steel Aevagine OF Biitiven anes the state Ga ee ee remniatie Pipe line runs in the Rocky Moun- aie Sears Roebuck ings, E jovernér “Haske'l, chairman of the y Daily average gross crude ofl pro- Sainte OR railway commission by its secretary | boards of Middle States Ol ond coun tain region for the week ended June 16, showed an increase of 2,980 bar- duction in the United States for week ended June 9 was 2,076,250 barrels Chicago Prices. CHICAGO, June 23.—(U. S. Depart. Southern Paci Southern Railway E. C. Toomey. ern States Oil comporations, cussing the business outlook in SYNDICATE as compared with 2,034,950»: 5. ine Runs rela in the daily average when com-| for the preceding ranks aie lata ¢ Sriaataxes “Corporation Pe iets bearers & Weenie aemoemint, I think < paved *with ithe ‘record of the preced: e 41,3 ‘ spihe ment of Agriculture)—Cattle, receipts n increase of 20 per cent in the| mercial industrial and financia! Fis weeks Combarative peeet sor oe arpet eres Dally AVERES Bia 500; compared, with week ago between | Texas CO. a --2-- pipe line runs of the Midwest com-| ditions are now in the status ofter a ie cky fount! ins fc wn y e . . Tape tor diss twoteywakks sc thietvicciows |'wan 149m esa taralaiae compared peasy ies trocar et Aegon Sed I et oan crpagf bel ne Arariison Corie, Heid Staten tea the eapresmon, ‘a’ darkest) flelds follow: vith 1,309,951 etkers,: Stockers an | ‘Transcontinental Oil n place recently. The runs| hour before the dawn. I think the]| with 1,309,950 barrels, an increase of | ers, strong to 25c higher; lower grades|trnion Pacific were 60 per cent and are now 80 per-) dawn of worldwide peace and rest | Fields June16 June 9/ 26,300 barrels. California production | peet steers and yearlings largely 25/ United Retail Stores cent Producing wells in the Mule | tion of industry has 2 ter he ce Salt. Creek - 94,040 91,600 | was 740,000 barrels as compared with | to 400 lower; lower grades fat cows,|U. 8. Ind. Alcohol Greek ‘field are still shut in ee the| today.than Jt, hag, had'wince the was eapot = - 3,800 3,900 725,000 barrels, an increase of 15.000] cannera and cutters unevenly 50 to| United States Rubbe 76%4 | pipeline companies have not resumed | Continuing, Governor Haskell added Big Muddy - 4,150 3,725] barrels. Receipts of California oil at| 750 lower; apots off more on grassy | United States 93% | taking ofl from this distric : By Aer iit cur’ Gant Uaise (Creo ee arRe ree | Atiantis ene ier : % say, | ae Cone a3 H m this district, rom a selfish standpoint, our com-|} ulf Coast ports for | cows; bulls 15 to 25c lower; veal calves | Utah Copper Pilot Butte — 2 95 90 rea: asa Si H s 2 . 5 | \restinghouse —-- panies are, on occas'ons like this || week ended June 9 totaled 1,646,000 25 to 50c lower; extreme top matured iS ty fi Lander = 230 720| barrels, a daily avreage of 235,143) steers $11.60; best long yearlings| \weYican ‘Zine, Tas bi Piaopnpt oe A ba Suu: Heveca na icas soceptbe” woblica Lost Soldier -. - 3,870 8,535 | barrels against 1,289,000 barrels, a| $11.40; week's bulk Sea Pele aren, Sins Teed and’ See 20 A party of officials of the Standard res here no notes or othe robliga:}j Rock River a gabe altho mati taee ry 40; Putte and Superior 2t.9| Ol company of New Jersey and of| tions staring them in the face and can |} a aah ly rage of 184,143 barrels for] Beef steers and yearlings $10.15@ Colorado Fue! and Iron — 2953] the Carter Oll company were t at| Slide along with comfortable earnin | Lg Hite ~ 5,275 5,100 | the week ended June 2. Imports of | 39.75; stockers and feeders $6.85 to|Moniana Power - Macinek uke wick oie) met at) regardless of stringent conditions Hamilton Dome ----. 470 315 | petroleum for week ended Juno 9 beef cows and heifers $5.35@| National Lead -.- Dee ae ae Tesi ey Looe nen cone ; ; a Elk Basin --. - 1,975 2,010] totaled 2, 115,000 barrels, a daily canners and cutters $2.60@3.75;|Skaituck Arizona - mental Wath tbe (Carter, and wil) he Greybull, etc. - 190 260| average of 302.143 barrels compared | yea! calves $8.50€10.00. een he, morn oe O. Sale Creek | = 1,015 945] with 1,229,000 barrels, a daily aver-| Sheep—Receipts. 4,000; practically Gack tasasraithen sane oo iauscerone Bere iss gen | ee te ire tea ae rte | rene [msicclrestr tons reek Overs 0) per cett ne eacte la SiO eeee Meteo unionik: =< 6 .750} ended June 2. Pipe line and tank| direct to packers; compared with S * ies ae 4 ae a oreign | > 1120 a66;| faccdgrGae Guess counbichl ainciell| eae zeit aiametanss dowacs lowe Standard Oil Stocks Ele, president of the Standard; A. ¥ el xchange 510 600} east of the Rocky Mountains in-| grades around $2 lower; some culls Ly RAMA onan heehee hee Fea | —— —— | creased 7,375,000 barrels i é - 4 Messrs Clark, Saddler, Hunt, Young,| oo y, - JTae876 126.695 | of May. is in the month | off more; fat handy weight ewes, 50c} , 5, 174% | Funk, Loucks and Miller. NEW YORK, June 23.—Foreign ex bs b : higher; heavy and aged wethers, un-| SOB. | ~~~ a Col, R. W. Stewart 1s expected to] Changes frregular. Quotations in} F ; changed; closing top lambs, $15.50; / (ot ental 33 | head a party of Standard of Indiana| cents: Great Britain, demand, 4.61%. || “G 2 T li FE W. I Dall extreme, heavies. secede ieee 108 [officials to. vieit_ in. Casper during | Cables, 4.61 9-16; 60-day bills on banks, || ly .00; top handy ewe! 00; e o 4.69%. France, demand, 6.19; cables , 4 rain Ta mg or eek Ss bulk eptreme heavies, $3.50@4.00. |Culena - JOR i Re odastnyret en oe T une: 619%. Italy, demand, 4.49%; cables || = Hogs—Receipts, 8,000; better grades 4.50. Belgium, demand, 5.28%; cables. eature rice TASNES| weeks Pk gece to holon, 278 $9,200 tage. srran: — Midwest Ofl company and {ts subsit-| cables, .0009%4. Holland, demand pound averages, $7.30@7.40; top. |nop pipe jaries Wyoming Ol! Fields 99.18; cables, 39.22. Norway, demand 4 $7.45; packing sows, mostly $6.00@| i, on _ and Wyoming Associated Oh Corsa 16.60. Sweden, demand, 26.50, Den 3 cA 6.35; bulk desirable strong welsht| prairie Oi ation. for governmental approval of | Mark, demand, 17.90. Switzerland CHICAGO, June 23—Lowering of] a new high price record tor the sea-| PIES. $6:75@7.00; estimated holdover, | prairie Pipe oll producing leases in a series of as-| demand, 17.91. Spain, demand, 14.85 all price reords for the season fea-|son. Oats mirrored the action of| $000: heavyweight hogs, $6.90@7.40:| solar Ref. ‘signments in the Salt Creek fiela| Greece. demand, 3.74. Poland, d tured the week’s trading in the grain | wheat. medium, $7.00@7.45; light, $7.00@7.40;| sou. Pipe was heard in Washington June 12 be-|™and, .0009. Czecho-Slovakia, 4 market, which was still unsettled at| Hot weather curtailed demand for | light Weht, $6.75@7-30; packing sows, /s, O. Kan Ylang facta i matatte ota aaigs es mand, Argentine, demand ve x ‘ ing sows, x ry o 16 Depart- pik the close teday as a result of slow-| provisions. smooth, $6,00@6.50; pack 8. 0. Ky - Saint of ther {anterior Ooemmitoaterien (here: demand, 10.70. Mon = . ness in export demand after witness-| Today's range of grain and pro-| Tough, $5.75@6.15; killing pigs, $5.75/9, 0. Neb. Spry of the general land office and| teal, 97 9-18. Representative will be i ing a stronger opening this morning. | vision prices follows: @6.00. 8. O. N. ¥. - : F. B. Tough of the United States bur- 7 in The sharpest break of the week was on - 8. O. Ohio fox | eat of mines, The oll companied Mills 7 , he Ne Vacuum -. 6% | aay ; , Presbyterian j 7 Ta aiser cechenee | Wheet— Open High tow ciowel oyantan Neb. dune i. 8.18: BOF Tb egg omg ts | eRe gered irre Casper July 2nd to interview, July 4 ‘, . Neb., . 8. nase nt of the Wyoming Associate 2: ’ Compared with a week , wheat | July 1.08 1.06% 1.03% 1.04% y. na Ss. O. Ind. 56% ‘ 2:30 p. m. Sabbath school. Review ty Read 0s) bs 105% 1.06. 1.03% 1.04% | Department of Agriculture —Hogs re Oil Corporation; H. D. Roberts, gen-|pf the lessons of the past quarter. “11 morning was 0 6%c lower, 1.07% 1.08% 1.06% 1.06% | CC!Pts 5.800; fairly active, mostly 10 eral counsel of the Midwest Oil com-|7:30 p, m. Preaching service owners 0 acreage wil ing? to @l5c higher, bull 200 to 350 pound pany and C. C. Dawson, special coun- | — Lae ! corn % to 2 c up, oats % to %e off, and provisions at 20@22 to 35c de- butchers 6.65@7.00; top 7.05; bulk 1, all v4 * 84% 82% 82% H sel, al of Denver. As matter of + ° : cline. mixed loads carrying packing sows fact applications were merely f e 1 eUninions. expreated. by | Secretary fg toe ge and lights 6,10@6.60; packing sows ppldaton! of tiiekaa whishi woul be sive substantial interest in ace of the Unite es depart- ' : 87% | largely 5.50.00. beneficial in operations as cutting * hs. ment of agriculture that low prices : Cattle Receipts 100; compared with dow: h NOERREAMER m for farm products were largely due ay ra te a ale Os een 9 eater sen lown overhead expense and requiring | (me) Ss acreage for fu ishing the to over-production were seized upon 5% 3H 20M | yearling and chotce heifers fully 26c ° by bears as a ground for selling : 39% -89% | Higher: spots up more; other grades, money to drill. wheat and then the shipment of the first car of new wheat from Okla- homa this year was made the basis of a further selling movement. Rains in the northwest where drought had been complained of, gave additional emphasis to bearish sentiment, and so too did the fact that crop reports from the southwest were less unfa- vorable than for some time previous has been the rule. Attacks on trading methods alleged to have been practiced here were asserted in some quarters to have been largely responsible for subse- quent breaks in the price of wheat, but the breaks referred to followed much more closely the news of an unlooked for important crash in Wall Street. Scarcity of offerings lifted corn to July one mown wo-- 9.13 Sept. 9.37 9.37 9.35 9.35 Cash Grains. CHICAGO, June 23.—Wheat—No. hard, $1.07%. Corn—No, 2 mixed, 844% @85c; No. yellow, 85% @86c. Oats—No. 2 white, we 43% @44c; No. o white, 42@43c. Barley—61@62c. Timothy seed—$5.00@6.50. Clover seed—$15,00@17.50. Pork—Nominal. Lard—$10.92, Ribs—$8.87@9.75. Domino-W yoming Declares Dividend Payable Aug. 1 Domino-Wyoming Of! company has declared and announced a quarterly dividend of 2 percent payable on August Ist, 1923, according to stock ownership as the same will appear of record on the books of the company July 10th, 1923. All stockholders de- string to transfer should send stock in in ample time to permit the com- pletion of the correct list on the stock books on that date, Only stock | received for transfer at the office of the company, 201° Oil Exchange Building, Casper, Wyoming. .on or be- fore July 10, 1923 will benefit in the | August Ist, 1923, dividend pany to continue quarterly dividends on a basis of 8 percent per annu: governed by conditions of pro-rate and price of crude. It better condl- tions in these respects prevail in the future, it is the intention of the company to increase the dividend rate. fies Potatoes CHICAGO, June ~Potatoes changed; receipts 42 23. cars; un- total U. Ss. It is the expectation of the com-| shipments 741. she stock strong; bulls 25@50c lower; veals 25@75 higher; stockers and feeders steady to strong, Closing bulks follow; beef steers 9.25@10.50; weeks top 7.00; cows and heifers 6.00 @8.25; best heifers 9.50; canners and cutters 3.50@4.50; bologna bulls 3.75 @42 veals 9,00@10.25; feeding steers 7.00@8.25; practical top 8,85; few crossed with grain up to 9.50. Sheep receipts none; compared week ago. lambs and yearlings mostly 75 @100 lower; medium grades and culls off more; sheep steady to 25c lower; feeders strong: closing bulks follow. Lambs 1475@15.50; closing top 15.50; fed clipped lambs 18.75@14,00; light ewes 4.75@5.50; heavy ewes around 3.50; feeding lambs 13.75@13.00. Denver Prices. DENVER, Colo., June 23.—Cattle— Receipts, 317; market steady; beef steers, $8.00@10.60; cows and heifers, $4.50@8.50; calves, $4.00@10.50; stock: ers and feeders, $6.00@7.75. Hogs—Receipts, 70; market steady to 10¢ higher; top, ; bull, $7.00 @7.25. Sheep—Receipts, 855; market steady; yearlings, $10.00@11.50; lambs, $13.00@ 14.50; ewes, $3.50@5.50. ——__—. ——- Silver NEW YORK, June 23.—Foreign bar silver .64%4. Mexidan dollars .49. oe Flax Seed. DULUTH, Minn., June 23.—Closing flax: July, $2.74 bid; September, Torchlight Etk Basin Greybull Rock Creek Salt Creek Hamilton Mule Creek Sunburst Butter and Eggs CHICAGO, June 23.—Butter lower; creamery extras .38%; standards .88%; extra firsts .364@.37%4; seo oni 33@34c. Eggs unchanged, cases, 25,193 receipts June 23.—Cotton YORK, spot, steady; middling, $29.10. NEW SWAN UNDERREAMERS - AT YOUR SUPPLY STORE BrivcerortT $2.48% bid; October, $2.37% asked. THE PIPE FOLLOWS Files Cause Nervousness aad If you have an: 1a, NOT nog rs’ experience in treat- Diseases enabl the snd cured tons nai theli cure ir three-fourths of our busines for our It Is filled with valuable, and helpful read it. baie DSS. BOWERS Suite 58 Standish cy advice. AND BAMSDEL: Destroy in every rook—we offer CE freverce CUTTERS us to NOSE NO atients whose recommenda- te friends. brit Surveying and Locations Ol Experts, Oil Field Geologists Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 ™ mic! Room 10, Daly Bldg. AT YOUR SUPPLY STORE eortT ITS CLEAR SOFT AND PURE W 503 East Second St. Order by the case or 5-gallon bottles. HILI, CREST WATER E DELIVER Phone 1151 Send preliminary proposi- tion to reach Chicago prior to June 29th, giving amount of acreage owned, legal de- scription, proximity of pro- duction and any other de- tails that will enable the ad- vertiser to estimate the de- sirability of a personal in- terview. Address SYNDICATE MANAGER Postoffice Box 196 Chicago, Ilinois