Casper Daily Tribune Newspaper, June 28, 1923, Page 9

SHURSDAY, SUNE 28, 1923. Che Casper Dailp Cribune ——$—$$——— PAGE NINE. neat STEADY INCREASEIN | nesesscm | CRUDE OUTPUT SHOWN => | ere. WHEN TREND STOCKS ALY | | American Can ... fn AREAS American International Corp:- 18% | py | Pipeline Runs Jump Average of 3,600 Barrels a Day| American Locomotive. > a34ig |i, Indian Sek 00 Boston Wyoming _-- 1.00 7 American Smelting & Refg. -. 54% Buck Cr During Week Ended Jone 23 With California American Sugar = = 80% | Burke : 40. | Export Ree Serves to Shorts Forced to Cover As/zonosigvate Reps. $4, tf no Showing No Increase Dane Baxis WiGSRBBS: = 14114 | Blackstone “Sait Creek 30 Check On Bears In Heavy Buying Sets In |pomin'on of Canada, Lore +/ American ‘Wholen 83% pesca aH Chicago Trading During Afternoon |french eT nacondm Copper “ *: Sa stimdont. Gf. Bali NEW: YORK, June 28.—The daily average gross crude |Atchison -__ Capitol Pete - - 00% NEW YORK, June 27 tor [Riad Gt ores oil production of the United States increased 3,600 barrels | At, Guit and West Indies arstnegiter doe = SIE AGO, June 25. — Agaressive| ceaned abruptiy in the|fepubiie et Chile n Locomotive ule 02 | buying together with scantiree ve] Doth accounts ceased abruptly in the yublic for the week ending June 23, totalling 2,135,450 barrels, ac- | 2/2" Baltimore and Ohio - Demino 13° | country offerings ga\ ed lire | Atter Part of today's stock market | Sta cording to the weekly summary of the American Petroleum | hthitcn cee Elkhorn = 94 |to the price of wi during | nth a eeely, Detiod heaviness Institute. The daily average production east of the Rocky |Californ'a Petroleum mar wis = $00 |the early dealings is oral Savetuerninae tileeniare theca touch: !merican Mountains was 1,350,450 barrels, an increase of 3,600. He: Getes -_2 ora based chiefly on estimates that in the ‘ Som, | Serica Calif rnia production was 7: of two to five points were quiet com |xm oat last two days as much as 4,000,000 | monvatithe/éloi Sal bushels tn are deliveries had been! \ar0 900. sh : Ye taken for seaboard accounts. The are Kinney . Jupiter . ro de Pasco Copper — ‘handler Motors ~.. ated ata barrels, the same as the previous i anise Imports of petroleum (crude and writer, ‘ew York Cent Pacific each opened a point or higher. United States Steel, Re Studebaker and American Can im-| c « c ( f Chesapeake and Ohio — Kinney Coasta’ ...-.. that Liverpool quotations virtually een = nda Cpper 8s Wyoming and Montana shows ‘a| Tetned oils) at the principal porta for| Chicago and Northwestern 2. 70% |Lance Creek Royalty. PelleaiGutnie atts dectlent yesterday,| NEW YORK, June and San Fe dally -gross average production -ot| ‘20, Week ended June 23; -totalled| Cricago, Mil. and St. Paul pfd. 33% |Lusk Royalty sharp setback here, formed ar | covering operations resu and Ohio. cv., 129,200, an increase of 1,400, 2,010,000 barrels, compared with 1.-| Chicago, It. I4,-and.Pac 54 |Mike Henry ditional bullish Influence, Opening | S287P gains at the opening Steel con., 6s 29,200, a se of 1,400, 399,000 barrela for the week ended) (iia Copper Mountain & ¢ prices, which ranged fron 8% ceink| stock market but heaviness cor i ne ‘There were no changes reported in| June 16. Chino Copper New York C Nighase ith rskehens ea ahi 4, {in & number of stocks cold on weak | Consolidated Gas — Outwest — 00% | 1 Ont ‘were followed Ine wome farthes| hed marginal accounts. Dub i Ohi R Corn. Products Red Bank new 8.50) | ain | which dropped 91% yesterday uel € Costen Oil Picardy — 104% otatikatgha cheat atrength,| D&CK 3 points, and Rem 110 eady to Spud i mon Se ey aaa ' withstanding wheat strength [pee Sunset demand for corn was lacking, bears Tom Bel’ Royalty contending that corn prices wera too Western Exploration. 3.55 3.65 | Bigh. After opening at ‘4c decline to 2 : Northwester New Wildcat Near Laramie| Aeait Nuyokan im org .75 | like advance, September .77% tO! proved fractionally on initial sales. Be paerat miacesis Western Of] Fields -. .70 :80 | 78%. the market underwent a mater!" one market presented a epott mutha 5 snarl’ Motord Western States ..... 15 ey al setback all around pearance during the oarly trac nion Pac Bt trie vO 2. ~ los 10 Subsequently, pressure to sell 1e8-| with a score of new low records for s at Ohio Of1 company ta rigged up and} recommeadations by the geologists nlf States. Stee! New York Curb, Closing sened and losses in price were partly} the year being established during t t ower an ready to spud in on the Rex Lake| none of the companies would drill Illinois Central Mountain Producers -$ 1875 $ 14.00] overcome. The market closed unset the first half hour, Including K structure, 22 miles weat of Laramie. : : ‘Teeain Westinghouse EB the structure, on account of the great Inupiration Copper Mammoth _ ~ 62.00 64.00 | ted at % to net decline, Septem! springfield, Producers and Refinors. | wilson gaa Geese 10685] ‘Test will be mado on section 26-16-77] depth in relation to the small amount|trrernetional t Glenrock Oil - eset .70| ber 77% to .774 Punodh Pie AuenEaaT Coanecs S ty Oa ; on land enzbraced in prospeotor's| of potential acreage, until the Ohlo|rnt Mer. Marine ptd. k Prd eras MEISE I (Ontawere 4 more by the| Hamous Flas slats Ul Sa — q permit held by Louls 1. Coughlin) Of company, the premier wild-catter Ir¢drnational Paper -. F: ek Cons. - 9.00 9.12] action of wh than corn. Oats! of the rails ndyanced but Lackawanna Ned ito stem ream of liquidat-| lation of the early loates but In son Mae Balle a eee Taramie, | Company | of Wyoming, took it up, upon recom-|tnvincible Ol ------ New York Oil = 900 11.00) started unchanged to te higher.) dropped 114 and Norfolk and South-| ing and short selling in other parts| cases were 2 to 4 points above yest has. built a steel rig, set in cement| mendation of its chief geologist,| jelly Springfield Tire 2 = Marine ~ - 450 4.62] September nd/Jater heldinear|'s y's. Chandler and Mack Track the 11 ling was m lay’s cle United States Steel, Guid and has a complete outfit iricuding | 3 c. J. Hares. Kennecott Copper eas Mutual - 14.00 10.12} to the initial range. each dropped about 1%. American in the els, Bethte States Steel, American Can, Stude two bollers ready to go 4,000 feet. Structure was orlginally located by| Lima Locomotive S. O. Indiana ~ - 56.1 5537] Export demand at the seaboard to | woolen advan s ble ond Gulf States dropping to] baker, Mack Truck, American Loco During the past six years the Rex|@ group of Laramie men organized|touisville and Nashvillo Cities Service Com -- 132.00 134.00] day was sald to be only fair, but raipikexchangesl(onenecaligttiy fe ye Liquida-| motive and Stewart-Warner wer Lake structure has been passed fa-| by Elmer Lovejoy and L. B. Coughlin,| Mack Truck = LIBERTY BONDS. mmission house buying here acted] jowe, shares eventually | foremost in the upturn 4 vorably upon’ by geologists for many) and working under the direction of| Marland Oil = 3tes -. $100.44] as a check on: be srnavovosetiwia lua We neds esica-oeaeiat eso Haree)y seth italy | Zorenioetstajths) uncial ‘of the. big* operating companies in-| Dr. A. C. Boyle, Jr., then of the Uni- Mexwell Motors B - és First 4s . unsett Ja to 1% net higher, with] «6 aividend paying + gavarcniae | nen nantererneail: Callimieney tepanen lee pinhead ene 4 cluding, Lupton of the Frantz cor-| versity of Wyoming and now geolo-| Middle States Ol! = Second 4s September 1.02% to 1.03 and Decem-| ieeortment cr in aiavcad|etbartiect cent PARP aE ee : poration, Schwenneson of the Rox-| gist for the Union Pacific. Missouri, Kan., und Texas new First 4% ber 1.05% to 1.05% Chalties, including certain, ols 1 est was on the run| which the best prices of the day wer a ana, Rath of the Midwest Refining| Drilling work will be done for the| Missouri Pacific pfd. — = Second 4%s - Provisions were easier with hogs motors and lead: | ded 3 company, Krampert of the Kasoming,| Ohio by Messrs. Hoteling and Hunni-|New York Central Third 4% Bul anavoocn Max W. Ball, A. T. Spring and C. A.| cut, two of the company’s star per-|N. Y., N. H., and Hartford Fourth 4% er Fisher, Notwithstanding formers. Uefolk and Western ~ Wheat. NoXhern Puactfic —- Opentattlghe) Lewliciese “s s =! s ° Seas icp rep Fuly <e-aL01% 1.03 1.01% 1.02% Pan American Petroleum B -~ CG Replember 1.02% 1,08% 1.02% ~ California Oil Fields Are css "= Livestock — | (seem tes ing to i eople’s Ge iclls ) . ° i! . Producers ones A Pure Oi Arai Near Productive Peak, Said |::.: cmicaco Prices | seniar” rm oesnt mean v) yublic Tron and 3 CHICAGO. June 28. (U. 8. Depart-| ~ Gat ears Ikoebuck s ment of | Agriculture}-HOGS — Re} yu), | 41% ‘ Sinclair Con. OM - = celpts 6,000; slow, mostly 10@20c] sur 372 ¥. Jullus Fohs, nationally known] Mr. Fohs thinks the peak of produc-| Southern nifis lower than Wednesday's average; few eerie 39" Coil a ang vice hit cones tion in California is pretty close at| Southern Railway - - early sales sorted lights to shippers} 7 ara: aes acatete Pao La eg Standard Cil cf N. J. and traders $7.20@$7.80; bulk de-| , °°" 2 10.75 survey made of the Calffornia ofl|@nd. Santa Fe Springs which is a $7.2008 - 10.82 Studebake corporation sirable 175 to 300 und averages | * D7 11.00 11,00 fields for the purpose of determining | OMly 2,400 acres jn extent, is 90 per|avny Co: ste poun °°] September 11.07 11.0 later $7.00@87.15; packing sows’most i: f the advisability of his company en-|cent developed. Long Beach, 2,200|Texas and Pacific. RH Ae Sa he a : Rubs: See er rr Important discovery by Miller tering that field for development pur-| acres, s 85 per cent developed; Hunt-|Tobacen Products A — Digs $6,500$6.75; heavy weight hogs|Sextember 9.20 920 B15 9.15 experts revolutionizes cord building! PONT ative Te rae ete as HOt} ington Beach, 2,800 acres is 70 per|T' bed gad nia $6.50@$7.15; medium — $6,60 @ $7.20;| nen ey ¢ scope té convince Mr. Fohs that tt is} ®9t developed and Redondo, 3,600] {0 ail light $6 das il f Nght $8 0@! GrIcAGo, june 28 <Wheat No OR years, motorists have felt that thick tires hn y 1 é 7.10; packing sows ,Amooth The No. 2 a too tate for any oll man or oll com-| Pore” in, 15 Der. Se Oe eee) EBL U. B.- Ind. Alcohol | deat toca earner «ge molenatatee : were the best for service. But Miller experts Toa ineeLe tener Stacia Setting this amall_acrtage, however Unitea states o% Kuling pigs $6.00@$6.75. T osene mixed, 83@83%4c; No. have proved that a stiff, clumsy tire naturally in as Ton Aa pelea basin, in which| the fields show about 1,000 feet of} irtan Copper ~ 58 Receipts 9,000; slow. | 2 yellow, ee ae gets hotter and deteriorates more quickly from ields of California] 274, 70 per cent of which is pay,|wostinghouse Hlectric _ 54% | most kIing classes about steady; un-| Oatae— white, 43% Ye; > ie, thas tale entiak Fe ne ay and to this {!mmense production per}qijive Overland _- der tone weak or plainer kind: rela-| 3 white, @4s hc. bending and flexing than a tough, supple tire. Huntington Beach, Long Beach and|&¢re may be attributed. The sands| \merican Zinc, Lead and Sm. _ tively few fat steers or yearlings here] Rye—Nominal. Redondo, there could be found only| He from 4,000 to 6,000 feet in depth| Rutte and Superior —- of value to sell above $10.50; choice] Rarley—Nominal. 7 v top flowing Cal-| Colorado Fuel and Iron > lace where there seemed any|@nd when the wells 5 ‘olorad a hove whatever of getting big produc-| fornia operators will face the very|Ntontana Power ional Lead - handy steers held at $11.25; bulk] Timothy seed—$6.00@6.50. $8.50@$10.00; ght grassy arlings| Clover seed—$15.00@17.00. downward to $7.00 and below; better] Pork—Nominal. f ; -|@xpensive problem of three-stage | ny; ties on Cara cus potentialities pumping, @ system unknown in the|Shattuck Arizona 6 grades sho stock scaree, more active: Tard—$10.72. in the way of production even less. more eastern fields, in order to re- sents bulls strong to 15 higher; veal calves} Ribs—$8.75@9.50. Mr, Fohs is of the opinion that in| cover the vast amount of oil yet in strong to higher, especially to a a year from now California will be|the sands. At the price now paid outsiders; bulk to packers $9.00@ Flax See: exercising no influence on Mid-Con-| for California crude it will be a ques $9.50; stockers and feeders dull; coun DULUTH, Minn., June 28.—Closing tinent crude market. He believes|tfon whether or not it will pay to try outlet narrow; market weak to| flax say 71; September 2.47 bid; 10 to 30 Per Cent More Cord Mileage | : vear is over the gas| Dump the wells, It may be the big NREreniy Gwar, Gelber © will be gone to such a degree in the| flclds of California and the Mid-Con: Anglo %, | SHBEEP—Receipts 10,000; lambs By reducing needless bulk and building « Dig fields of Los Angeles county that|tinent may all slump about the eame| A710 eens cte ateon time which would reduce production the natural production of the wells Will be seduced to a low figure, if not|to a point where it would be inufti- Gabenana altogether ended. ‘The three big| cient to meet the demands of the re-| © "nn F : £ fields have been and will continue te| finers, and that the resultant high} ry) 4\, Continenta! ea Bulle Good Ay aR ae | perfectly balanced, flexible cord, Miller added rte mostly $16.25; top $15.50; sheep Cotton from 10 to 30 per cent more miles per cord tire. 106 | scarce, steady; fat ewes mostly $5.00 The supple Miller Geared-to-the-Road Cords 148 @$6.50; extreme heavies downward to y closely drilled and when the| price of crude will warrant the Calle} ro oii, |) a 99 | $3.50. NEW YORK, (Spot cotton outserve the old stiff tires from every angle! Dalrery S088 3 going to the great expense avi = AY eS steady; middling This balanced construction enables you to get gas begins to go it will affect all of|fornians going [23 P at. Tran - 24% ices n ‘ I the wells in a short time, Sansenesy tac DimaD SbeN CEs se. Dean 108 ae Ene con pteeraa) Bins every inch of mileage that the finest materials Ner Pipe 98 a A, Nel 23.—(U. 8. r t } ght Gibbons for the $200,000 he has|Ohio Oil - 6914 | partment of Agriculture. }—Hops—Re- Metals ever put into a cord can give! | already received, but his wishes-in|Prairie Oil ». 185 hs erst eens se ers etais 1 dnlasregaed) se cnoe ely es) an Oba: | Pee EADS Ara snmitepa seaGranaiS sais i Flat Tread—Buoyant Carcass— } si 5 ¢ his inclination | Solar Ref. 50 6.80; . $6.90; 5 \ [te Staa: iy thos netal decision: ot aaane pu Pipe grades including packers ecameatl NEW YORK, June 3B. Capper Uniform Cords i Sear Searni Kan. 40%5 | $6.15@6.40; packing sows, $5.50@5.85.| auiet; electro'ytic spot and nearby f I easiyis; wagietionn, gE ag ae 87 Cattle—Receipts, 4,300; eetiinisers 14% @15. Tin weak; spot and nearby Millers are the only cords built which com- plated thal Nel rould vot alee Den: Tatael| Bbaven! caakeeiesa\ OMerins alt dowd [ape UT CNe ee a rea bine the advantages of flat tread and uniform " 37 chol ron ; c ae : ‘ bat ei ee Se eaters ae 235 |handy welght steers, $10.65; bulk] seaay; apot 7.00. Z: East cord construction with the buoyant, road-resist- “ i with me, 45 || steers, $9.25@10.25; bulk cows and/ s+ Louis apot and nearby 5.709680 ng carcass. Prove their superiority on your Spe Het rw tap ae i 141 | heifers, $5.75@8.25; bulk cenners and ‘ot 6.904 7.00. J P' y Restos: prpviously declared; andy t Fite, RU AL@AALTI II citer cleasta (PR ec ee car! Put a Miller opposite any tire you have. am going to see that it is fulfilled. cutters, $2.25@3.25; a anette Gat aTill i (Continued from Page One.) These promoters knew what they = ly Pree TEES Oe top vegls, And notice tl ne i yer ways eave row Toney, ; : ik = fortune | signed when they madeit, and I pulls, $3.75@4.25; A z tie trouble uithorise iller dealers Sig Tey nea personaly Are 10,50; few southern stockers an "oF $180,000 in the venture, declared | cannot be held paenrasitial tori they Crude Market $10,500 tay eo Foreign Exchange Conia pent a the retirement of Tracy would not} ** S Sheep— Receipts, 7,000; lambs, holding the | £010 them vgeelicee yaaa wage steady to strong; bulk westerns.| wow YORK, June 28.—Foreign ex- THE MILLER RUBBER COMPANY of N. Y. Be ee ee ar ee PRBS Meae ete 2 Oe Sere creer == 00@15.10; top, $15.10; natives up y. Quotations in centa: Akron, Ohi fight, and that plans to bring the| their money unless they felt certain|/ bance Creek $15. ; » , changes easy my ° to $14.75; sheep unevenly higher; best) Great Britain, demand, 4.59%; cables, light western ewes, $6.50; heavy ewes.| 469%; Go.day’ billa on banks, 4.57%. $4.00@ 4.25; feeders, steady; feeding) Grance, demand, 6.12; cables, 6.12%. lambs, quoted at $10.00@12.50. Italy, demand, 4.44%; cables, 4.45. Distributed By Relglum, demand, 5 ables, 5.22% champion and challenger they could go through with the|oOgage toh, I had been offered $300,000| Grate creck. July 4 would go forward without in-| fo" Dempsey to box in the east and|roecnucne terruption. Johnson dealared he wa8} turned it down to fight in Shelby. It aes Prepared to personally guarantee the/ 49 no fault of mine if this thing re-|Greybull _ final payment due Dempsey backing | suits in a flop. Dempsey and I have wy. Cresle his statement with tho assertion that | Gone everything in our power tol eet creek he had property valued at $850,000 | make it a success. We even came|fiumilion - Ich he would pledge sf necessary.| here in advance of the time required | yfule Creek Denver Prices. Jermany, demand, 0007; cables. ° DENVER, Colo., June 28.—Cattle—| 99714 Holland, demand, 39.15 e yoming a3 | Receipts, 900; market strong; beet) canis, 39.18. Norway, demand, 16.47. steers, $8.00@10.60; cows and heifers,| Gweden, demand, 26.48. Denmark ° " ty 5 5; calves, $7.00@11.00; bull a. 17.71; Switeeriand, demand, A t t The situation in brief today was this: of us to get things started. yah “a0 | $3.80 7.75: calve BLE TART OP Bulls demand, 17.71. Switzerland, demand uromotive r( ‘0. Kearns is under contract to receive} 4 jast minute effort to save the $3500.00: . 118%. Spain, demand, 14.61% $500,000 as Dempsey’s guarantee,| snow was being made this morning 5. 0. $reece, demand, 3 S . o wath 900; 100 93 echo-Slovakia, de with no money in sight to meet the| +. John O'Neill, one of tho largest Hogs Recelpts, i 4 Baten so | MARA. 000034. Ca eho,Slovakle, de final installment of $100,000, contributors to the second $100,000 Butte dE down lower; top, $7.30; . SAD sys Aewsctine eared He already has been paid $210,000.| paid Kearns, O'Neill announced that u ran ZZ8 6.90, Brazil, demand, 2 of this sum, $10,000 represents money | Certain middie western interests had Sheep—Receipts, 200; wteaayi| treal, 97% ie 2 } advanced for training. asked him to stete the exact amount lambs, $13.50@14.50; ewes, $4.00@6.10 —— iibbons, the challenger, has de-| of money needed to make the pay-) CHICAGO, June 28.—Butter lower; —_—_——_— clared his willingness to go through| sient of the third Installmnet pos-| creamery eyyran 38%; ° standards with the fight no matter what the! sinie, He also stated that he had/.38%; extra firsta .26%4@ firsts Money gate receipts may be. Gibbons, Un-} aasurances that large numbers of| .34@.35; seconds .33@39%. Potatoes der the terms of the contract, will] tickets would be bought as soon as Eggs lower, receipts 16,761 cases; not begin to share in the recelpts| the payment of the final-installment| firsts ordinary firsts .20 [gear ae eee until after the first $300,000 1s in the] ¢> kearns was made. @20%:; 20% @21; ator Ateh Mee ent ” box office. Georgo H, Stanton, a] y¢ O'Neill is successful in his at-lage pack extras .244@.24'4; storage CHICAGO, Jone. 38 = Potatoes, strong; high, Siew ee ne Great Falls bank president, who 84-| tempt to raise the necessary money,| pack firsts .24 Nee ee ee eee eT ee er ee et og agalinit , accept vanced $50,000 to help meet Demp-| Dan Tracy will again resume direc- - oe shipments, 860; Low pase aber PSST -oalt lone: Sealnes » 2ontr’ sey's second $100,000 installment, ex-| tion of the show, O'Neill said. Restaurants in Englan@ must close | and OR ano ua lightly heat, $3-10;| collateral, 60-00 dnyr, 6@64 pressed © hopeful view of the situa-| wile the. squabble was raging} all day Sunday and a half day during | best, Me aoe 2 40. North Carolin | months, 6@0%3 prime cor tion, declaring he was confident the] over the financial question, Dempsey |the week to comply with the 60 hour seers Cobblers, $6255.60: Virginia | paper, REGISTERED U.S. PAT. OFF, money would be raised did his daily half dozen rounds under labor law arrel C Dblern! $6.25 < © Tho impression prevailed here to-| 5 sweltering sun yesterday and plans, peel Ce barrel Cobblers, $6.25. that unless Kearns decided to} +, eomtinue his training this after-}| QLongest mail route, in the world a egies re rey -t a along” with Mayor Johnson of} noon, working with the Ughter spar-/through the unchartered northland Sugar (@) en- oO Shelby i gamble for the $100,000} .4¢ partners in camp. *T results in an annual a fielt of several : +1 jue him, the show could not possibly thousand dollars to Canada r . 6 - ho held. ‘The. money fs not dus naa oe erases ove Silver z | Geared-to-the-Road Cords and Fabrice + « » Wedge Tread Cords Iearns until next Monday, 48 hours Although the manufacture of stock-| Total welght of an engino.and ten Sugar futures setel is ‘ . Rellsn Fabrics ce o Tubes'and Accesories shamplor t oximate sales 000 ton 31 hefore.the champion is scheduled to| ings from spider silk has been ler, Inrgeat of its type ever built, de EATERS : =| pr couaoeaertte ig: pended, there is talk in France Gh:Hbol Neoead “to,su)-awesterm Yatlroads was | . NEW. YORK, Ture $8—Bar silver, $4055 Devem! “| Dempeey, it ia. known, is-ready fo! viving the industry. 44,400 pounds. fecs Mexican dollars, 48%ce