Casper Daily Tribune Newspaper, July 5, 1923, Page 11

Che Casper Daily Cribune PAGE ELEVEN. PROGRESS SLOW ON BILLY CREEK TEST) ccaan mo Carter Company Still Sidetracking Tools in Deep Well Carried Through Big Gas Sand; Other Opera tions of Company in State Carter Oil company is still drilling for tools lost in the hole in the deep test of the Billy Creek field, southern sas county, Wyo., where the Consolidated Royalty and Western Exploration companies have a joint interest in operations. Graham No. 1 inthe same field, which started drilling with a rotary when the deep test changed to standard equipment, er ees is drilling into the sand at 3,120 feet. In the Salt Creek field the Carter's Dunoan No. 5, northeast of section 30-18, 1s being tested out and ar- rangements are going forward for the starting of three new wells—Prior Nos. 6, 7 and 8. Richardson No. 7, northwest of section 5-39-78, ts drill- ing at 2,058 feet with the hole full of ‘water end Richardson No. 8, is stand. ing idle. Mining Operations Revived In the Douglas District DOUGLAS, Wyo., July 5.— W. F. Mecum has been placed in charge of operations at the Maggie Murphy ané Trail Creek Copper company taines southwest of this city and re- ports that operaticns were resumed on these properties during the past week. Prospects are said to be very encouraging for good production and enstern capital is said be ready to enter into negotiations for the con- trol ¢f the property. Mining experts have visited this section recently and weveral good reports have been made indicating that something is aboyt to happen in the copper mining business Market Gossip and Briefs On Operations in Oil Fields Gulf Coast Reduced. NEW YORK, July 5.—The Humble Ol and Refining company has re- duced the price of Gulf Coast crude ofl 25 cents a barrel, posting $1.50 for grade A, and $1.25 for grade B, Leed Prices Cut. NEW YORK, July 5—The Amert- tan Smelting and Refining company today reduced the price of lead from 6.65 to 6.50 cents per pound. Drilling Resumed. DOUGLAS, Wyo., July 5.—It is re- ported that drilling has been re- @umed at the test of the Big Indian Oil & Gas company four miles west Douglas by the Alliance Syndicate which recently took over the holdings em the LaPrele structure. The ce- menting. job was completed satisfac- torily last week and officals of the New York Stocks American American American American American American American American Can Car & Foundry International Corp -- Locomotive -------- Baldwin Locomotive Baltimore and Ohio - Bethlehem Steel - California Petroleum Canadian Pacific Central Leather -.--—. Cerro de Pasco Copper -—--.--. Chandler Motors .... Chesapeake and Ohio -.-. Chicago and Northwestern -. Chicago, Mil, and St. P: Chicago, R. I. and Pac. Chile Copper -. Chino Copper -. Consolidated Gas Corn Products - Coaden Oft Crucible Steel - Cuba Cane Sugar pfd. Briel.-<-= Famous Player Lasky General Asphalt -. General Electric General Motors Great Northern pfd. -.-. Gult States Bteel Mlinois Centrat Inspiration Copper - International Hervester Int. Mer. Marine pfd. International Paper - Invincible Oil Kelly Springfield Tire Kennecott Copper Limo Locomotive Louisville and Nashville - Mak Truck Marfind Oi .. Maxwell Motors B Middle States Oil ~ Continental Producing Company. Continental Producing company is drilling at 1,965 and 1,485 feet in its Black Nos: 7 and 8 wells, respective- ly, on the northeast of section 30-40- 78, Salt Creek. Brown Nod. 5 on the jouthwest of section 32-40-78 is rigged | up and shut down. Other operations show no change. in this locality In the very near fu- ture . A number of men are also employed at the Esterbrook copper mine which has been standing idle for several years and it is understood that the mine is to be operated continuously as soon as the present crew has tho property in shape. The cabins are he- ing fitted up and new timbers are bo- ing placed in the shaft and large pumps are now running in an effort to drain the mine. It is stated that the mine is now controlled, by eastern interests and|Missouri, Kan and Texas new - 10% that it wil be operated to full capac-| Missouri Pacific pfd ---- 29% {ty commencing within the next few|New York‘ Central -... 7 weeks. Y., N. H., and Hartford .... 10 Norfolk and Western Northern Pacific Pacific Oi! Pan American Pennsylvania, People's Gas -. ==: 6% Producers and Refiners - 23% Pure O11 - 18% Roading -. 70% Republic Iron and Steel 42% ]company are highly pleased with the| Sears Roebuck - Bt | progress being made. The hole has| Sinclair Com O11 aie been standing idle at a depth of 2,200| Southern Pacific ide! feet for the past two years and now|Southern Railway bid |that operations have commenced | Standard Oil of N. eee | again the test will be watched with| Studebaker Corporation 10158 Texas Co. considerable. interest .by everyone in this section. Texa san ‘Pacific Tobacco Products A Tools Are Chan; Transcontinental Ot! 5 |. DOUGLAS, Wyo., re 5.—The| Union Pacific ---- iy drilling crew at the Benham place| United Retail Stores 12 seven and a half miles south of Doug-|U: 8. Ind. Alcohol 45% las is making arrangements to change| United States Steel 90% over to standar dtools and it is ex-|Utah Copper -..-.. 56% pected that the new standard outht| Westinghouse Electric - 53% will reach this city sometime during| Willys Overland -- = 5% the coming week. The hole has been|Amerioan Zinc, Load and @m.- 8% | drilled so far with a small rig and|Butte and Superior -~-------.- 19% jhas recahed a depth of 700 feet.|Coloradg Fue land Iron . 27 Montana Power National Lea} Shattuck Arizona | Excellent showings have been en- countered and the drilling contractors are expecting to run into something worth while around 1,200 fe 54 B Crude Oil Production Is Given Another Big Boost NEW YORK, July 5.—Considerable interest has been manifested by oll men here in the decision of the Standard O!] company of California to restrict purchases of crude oll to maximum quantities specified in con- tracts with producing companies. It hhad been the practice of the com- NEW YORK, July 5.—The daily average gross crude ol! production of the United States increased 74,900 barrels for the week ended June 60, totalling. 2,210,350 barrels, according to ‘the American Petroleum Institute. The dally average production east of the Rocky Mountains was 1,330,250 Darrels, an increase of 28,900, Califor: nia production was 830,000, an in crease of 45,000 barrels, ‘Wyoming and Montana shows a daily average gross production of 135,150, an increase of 5,950 berrels. ‘There were no changes reported in crude ofl prices for the major dis: tricts. Imports for the week ended June 30 totalled 1,236,000 barrels, compared with 2,010,000 for the week ending June 23. SWAN. UNDERREAMERS » AT YOUR SUPPLY. STORES GBriccerorm, THE PIPE FOLLOWS California Purchases to Be Restricted, Is Report Standard Oil Stocks 14% ci 37 101 168 Anglo Buckeye ---------. Sontinental -. mu pany under normal conditions to «c- cept all oil offered from wells cov- ered in its contract, but in April it was found necessary to cut off 25 percent, of such excess deliveries. Last week the company made a further cut 8 23% Ohio Oll .-.~. of 50 per cent in all excess deliveries | prac Spe ye and the present action restrict all/goiar Ref. .--.-..--.-. 170 115 Geliveries to contract max!mums. Sou. Pipe "NINETEEN GELEBRAT 15 QUIET IN CASPER Torchlight : : EXk Basin i Greybull Rok Creeks The Fourth of July in Casper was| pet toe safe, sane and fairly sober, so far as reports have been heard. There wer |no accidents caused by celebration of the day and there were only nineteen }drunks during the 24 hours. The po ice department kept the streets free from men in an Intoxicated condition. One man fired off a gun near the Henning hotel yesterday afternoon, it is said but the bullet avoiCet any by- |standers, * ule Creek - Sunburst Money NEW YORK, July 5.—-Call money firm; high 6; low 4%; ruling rate wh 4%; closing bid 6; offered at 5%; last walling of fireworks started in| 125s: call loans against acceptances arnest about 12 a. m. and for an| “his Coens eA eotion jhour Second and Center streots xe-| $) iy mained, coteteens, sembled a great batt'e field while the | © days, BOSK. 4-6 months 5@bi, Battle was going on. At the closing | hour of the day another concontra-, tion of explosives was made. | While there was no formal obser. |vance of Independence Day here, the pedple found plenty to do with their time. Crowds thronged across the street in front of the Tribune to hear the announcements of the Dempsey: Potatoes CHICAGO, July 5.—Potatoes firm; receipts 135 cars; total U. 8. ship ments 623; Virginia barre) Cobblers Gibbons fight as made by Henry F. | $6.25@$6.60; mostly $6.25; Oklahoma | Brennan » of the peace, An-| sacked Triumphs $2.60@$3.00; Okla- other thong visited the Rodeo grounds | homa sacked Cobblers mostly $2.75. for the fgit + there, while other | ana Mae ‘ crowds and different tion, went to Douglas, Sweetwater}; DULUTH, Minn., July 6.—Closing pvints for their celebra-| flax July 2.64 asked; September 2.32; [October 3,24 asked. LOCAL om Bessemer -_.-...-- 25 Big Indian “19 Boston Wyoming -. 1.00 Buck Creek 15 Burke ___. 28 30 Blackstone Salt Creek .28 30 Chappell --.. aa -36 Columbine 10 12 Capitol Pete ----.---- .00% _.00% Consolidated “Royalty. 128 1.31 Cow Gulch "Domino .~. Elkhorn Frantz Gates Kinney Jupiter -.. Kinney Coasta’ ~..... Lance Creek Royalty. Lusk Royalty Mike Henry - Monntain New York Cil Picardy Outwest -. Red Bank Royalty & Producers . Sunset Tom Bel’ sl Western Exploration. 3.55 3.65 Wyo-Kan .... .70 13 Western Ol Fields 70 80 Western States .. 15 17 Y on 08 10 New York Curb, Closing Mountain Producers -$ 13.25 $ 13.50 Mammoth ... 56.00 Glenrock Oil -70 Salt Creek Pris. .... 15.50 Salt Creek Cons .. 9.25 New York Ol 11.00 Marine --. 4.82 9.25 53.75 135.00 ~$100.53 - 98.00 - 98.09 - 98.31 Second 4\%s —- 98.25 Third 4\%s - 98.50 Fourth 4\s - 98.31 Lec : Livestock Chicago Prices CHICAGO, July 5. (UL 8. Depart: ment of Agriculture}-Hogs—Receipts 80,000; active on better kinds, 26 to higher; mostly to shippers, bulk 160 to 250 pound a top $ good and pound butchers mostly Packing sows 10 to 1dc higher; bulk throwout $6.25@86.60; 120 to 130 pound pigs moét'y $6.75@$7.25; big packers slow buyers; heavy weight hogs $7.00@$7.60; medium $7.15@ $7.75; Mght $7,10@$7.75; I'ight Ugths $7.00@$7.70; packing sows smooth $6.25@36. packing sows rough $6,.60@$6.40, Killing pign $6.50@$7.25. Cattle—Rece'pts 13,000; fairly ac tive; spots strong beef steers of value to sell at $11.00 and above; plain weighty steers rather low; lower grades beef cows cull; bu!l’s weak to 15c lower; vealers steady to 25c higher; stockers and feeders very arce, about steady; top matured steers $11.50; best long yearlings $11.35; several loads handy and heavy ateers $11.00@$11.35; four loads ma- tured yearlings $11,00; choico light beef heifers $10.00; some held higher; bulk vealers to packers $9.75@$10.75; upward to $11.25 and above to out- siders. * Sheep—Receipts 10,000; desirable fat lambs strong to 10c higher; others and sheep most'y steady; top lambs Oregon $16.25; bulk good and choice native lambs $15.50 @ $15.75; six doubles Nevada yearlings $11.50; me: dium and handy weight fat ewes $5.00 @$6.50; top light ewes $7.00; heavies mostly $3.50@$4.00. Omaha Quotations OMAMA, Ne July 5. (U. 8. Der partment of Agricu'ture —Hoga—Re- ceipts 13,500; active, mostly 250 higher; butchers 200 to 360 pound weight, $6.75@$7.00; top $7.15; bulk mixed loads carrying packing sows and I'ghts $6,35@$6.70; bulk packing sows $5.75@$6.10. Cattle—Receipts 8,500; beef steers opened steady, closed 10@15c lower: bulk $8.75@$10.25; top $11.00; she stock steady; bulk cows and heifers $5.00@$8.00; heifers up to ners and cutters $2.25@$5.50; @250 higher; bolognas $3.75@$4.50; is steady; practical top $10.00; stockers and feeders scarce, steady. Sheep—Receipts 9,000; lambs slow; QUOTATIONS BY LEASED | STOCKS RALLY IN BIG MART Upward Trend Sets In After Heavy Liquidation In Morning Trading NEW YORK, July 5,—The quick re- covery of prices in today’s stock mar: ket, after an early perlod of weak- ness, disclosed a temporarily over- sold condition, Three score stocks, in cluding many rallroad and industrial leadera, had slumped to new lows for the'year before sufficient buying sup- port appeared to stem the tide of bear selling and forced liquidation. Sales approximated 775,000 shares. NEW YORK, July 5.—Confusing price movements took place in the opening of today's stock market. United States Steel. Baldwin, Stude- baker and American Can all opened fractionally higher while Lima Loco- motive advanced 1% and Steel and Tube, preferred, 1. Independent steels were heavy, Crucible dropping a point to a new low for the year. American Car also touched a new low. Additional new minimum prices for the year were established by New Haven, Delaware and Hudson, Pos- tum Cereal, Brown Shoe, Youngs: town Steel and Tube, American Agri- cultural Chemical, preferred. and Corn Products, the losses ranging from 1 to 3 points. Other rails also were heavy, Canadian Pacific, Atlantic Coast Line and Pere Mar: quette yielding a point or more. Pan-American “B", DuPont, Pro- ducers and Refiners and Pullman were strong. Fore'gn exchanges opened lower, demand sterling establishing a new low for the year at $4.55% Speculative hopes that the day after the holiday would witness a turn for the better in the securities, WHEAT PAICES GIVEN SETBACK Movement of New Crop Has Bearish Effect On Trad- ing In Chicago CHICAGO, July 5.—With the move- ment of the new wheat crop gradu- ally increasing, the wheat market became weaker today, despite some firmness at the out: There was a noticeable lack of sustained buying in. The close was steady, % to 1%c net lower, with September 1.024% to 1.02% and December 1.05% to 1.054 CHICAGO, July 5. — Unexpected higher prices at Liverpool led to an upturn here in the wheat market to- day during the early dealings Weather conditions likely to promote black rust counted also as a bullish factor. A reaction, however, soon took place as a result of profit taking sales and of other selling, that ap- peared to be in the nature of hedges againat newly harvested wheat. The opening, which ranged from quarter to %sc higher, with September 1.03% to %, and December 1.06% to 1.06% followed by a setback to about the same as Tuesday's finish, Subsequently, values faded in the absence of any particular demand. Export business was only fatr. Corn and oats paralleled the action of wheat. After opening unchanged to %o higher, September .75 to .75%, the corn market hardened a trifle more and then began to sag. In the last part of the day, favor: able crop reports carried prices down. December corn and all deliveries of oats touched a new low price record for the season. Corn closed weak at a range varying from 1% cent net decline to a shade advance, Septem- ber 78% to 74. Oats started at a shade decline to advance, September .38% to .36. Later the grains were wiped out Provisions reflected a material ad- foreign exchange and commodity markets, was dispelled during the| vance in hog prices. morning when the reactionary move oes Open High Low Close ments in all three developed increased neat. momentum. High grade railroad 1.04 1.02% 1.03% shares were pressed for sale in a 1.04 1.02% 1.03% manner that indicated forced liquida- 1.06% 1.05% 1.05% tion, Jersey Central breaking 8 : points, Delaware and Hudson 4, and 80% © 785 79 Canadian Pacific 21%. Weakness also Tb | «13% 73% was apparent in the steel, motor, 63 61% equipment and food issues. many of which sold one to three points below 40% 3815 Tuesday's closing levels. Nearly two 36 BAB fcore stocks had established new low STH 36% records for the year before noon. tn cluding. United States Steel, Baldwin 11,05 11.00 and American Locomotive new stocks 11.35 11.25 Western Union, Pacific Ol. Union 1145 11,35 Pacific and St. Paul, preferred. Call money opened at 4% per cent 9.10 Clearing up weak spots seemed to £.30 have been pretty thorough during 9,25 9A the course of the drastic decline of thereafter rising slowly under vigorous bidding Representative the forenoon, the market for both accounts shares like U. S. Steel, Gulf States Steel, Baldwin, Corn Products, Amer- fosn Can, American Woolen, U. 8. Alcohol, Union Pacific and Canadian Pacific sold one to three points above their earlier low prices. The Pan- Americans, Studebaker and Reading were pushed up 1 to 1% beyond Tues- day's final figures. The c'osing was firm, The rally con- t'nued to the final dealin everal of the leaders selling one to two points above the final quotations of Tuesday. TOO LATE TO CLASSIFY FOR SALE — Chiffonter, sectional bookease, dining table other furnt- ture and plano. L. F. Walden, 1135 Boxelder. FOR RENT—Four room house, fur- nished, 1235 S. Durbin. apartment, large livingroom bed. alcove and kitchenette; hot wa- ter heat and lights furnished; $65 per month. 133 N. Melrose. FOR SALE—Barn 32x20 for $50. 940 E. Second. Phone 639J. FOR RENT—Threeroom apartment, good location. 940 B. Second. Phone 539s. FOR RENT— Two rooms furnished for light housekeeping, lights, gas; c'ose in. Inquire Yellowstone Cash early sales steady to strong; Idahos $15.00@$15.25; some held higher; fed clipped lambs $14.00; sheep and feed- ers steady; ewe top $6.00; feeding lambs held at 12,75. DENVER, Colo. July 5.— Cattle receipts $22; market steady to lower; beef steers $8@11: cows and hetfors $6.25@9.50; calves $7@11; bulls $.50 @6.50; stockers and feeders $5@7.50. Hoge—Receipts 1,100; market 15 to 26c higher: top $7.40; bulk $7.15@7.40. Bheep—Receipts 4.200; lambs $13@ 14,76jowes $5@6. a ee Foreign Exchange | NEW YORK, July 5.—Foreign ex- changes easy. Quotations in cents: Great Britain demand 4,55 1-16; ; cables 4.55 3-16, Sixty-day bills on banks 4.53%. France demand 5.86%; cables 6.86%. Italy demand 4.81%; cables 4.32. Belgium demand 4.92%; cables 4.93. Germany demand .0005%4; cables .0005%. Holland demand 39.20; cables 39.23. Norway demand 15.97. Sweden (mand 26.41. Denmark del mand 17.17. Switzerland demand 17.29 Spain demand 14.20. Greece demand 2.82, Poland demand .0008%. Czecho Slovakia demand 3.00. Argentine de- mand 35.00. Brazi! demand 10.63, Mon- treal 97%. Grocery, W. Yellowstone. WANTED TO RENT— Unfurnished house in desirable location. Phone J. G. Bartram, Henning Hotel. FOR RENT—New, two-room apart- ment, gas and lights furnished, $35 per month. Phone 1877J after 8 a, m., Friday --- 1000 TEACHERS NEEDED RURAL, GR BAND HI WE CAN P MISSOURI VALLEY TEACHERS’ AGENCY 315 TABOR OPERA HOUSE BLDG. OLO. UNDERREAMERS s AT YOUR SUPPLY STORE Brio e ec rort Cash Grains and Previsiens CHICAGO, July 5.-Wheat: Number one hard 1.04%. Corn number 2 mix ed .81%@.82, Number 2 yellow .88% @.84. Oata number 3 white 42@ 43%; number 3 white .40%@.43. Rye number one, .65%. Barley .60@.69. Timothy seed 0 $6.50. Clover eed 15.008 Pork nominal. Lard 11.02. Riba 8,87@9.62. be stn. Sugar NEW YORK, July §.—-There wes not much activity in the refined mar: ket in the way of new business, but withdrawals on old contracts were in fair proportions. Prices were un- changed at $9.26 for fine granulated, while second hand sugars were 0! fered below this quotation. Sugar futures slosed steady; ap- proximnte males 5,000 tons. September $5.32; December $4.80; March $3 May $3. oe First college in this country was Harvard college, founded in 163 TO at Lavoye. We lic our number. SALT CREEK AND VICINITY HILLCREST WATER can now be obtained at our Station can now give you the right kind of service. We will de- liver as soon as we can get our telephone and give the pub- To those who live in the vicinity of the Mammoth Camp, we wish to say that Hillcrest can be obtained at the Cas- per Provision Commissary. Hillcrest Water Company Czechoslovak Rep., 89, ctts Danish Municipal 8s, As - Dominion of Canada, 5s, 1) French Republic. 74s - Japanese 4s - Kingdom of Belgium, Kingdom of Norway ¢s Republic of Chile 8s, 1946 State of Queensiand, 6s U. K. of G. B, and T., 5%, 1937 RAILWAY AND American Smelting 5s American Sugar 6s American Tel. and Tel., cv. 6s American Tel and Tel col. tr., 58 — Anaconda Copper, 7s, 1938 Anaconda Cpper 8s, 1953 At. T. and San Fe gen., 4s - Baltimore and Ohio cv:, 4% Bethlehem Steel con., 6s, Seri Canadian Pacific deb., 48 Chi. Bhr. and Qunicy re: Chi. Mil. and St. Paul c Northern 7s A . Montana Power 5s A _ Northern Pacific ref, 6: Northwestern Hell Tel., Pacific Gas and Electric 5s Penn. R. R. gen, bs - Sinclair Con. Ol!‘ col., Southern Pacific cv., 4s nion Pacific first ds . 8, Rubber 5s - ‘tah Power and Light 6s Westinghouse Blectric 7s Wilson and Co., cv., 68 Butter and Eggs CHICAGO, July 5, — Butter un- changed; creamery extras .37; stand- ards .36; extra firsts .35@.36; firsts 33@.34; seconds .32 ry Eggs unchanged; receipts 16,636 cases: firsts .21021%; ordinary firsts 19@.20; miscellaneous storage pack extras ,2 pack firsts .23@.25%4, NEW YORK, July 5—Copper quiet electrolytic spot and futures 144%@ 14%sc; tin steady; spot and near by $37.75; futures $37.50. Iron steady; |prices unchanged. Lead steady; spot $6.50. Zinc quiet, East St. Louis spot and near by $5.75@5.80. Antimony, spot $6.85@6.95. ——_—_————— Cotton NEW YORK, July 6.—Bar silver, NEW YORK, July 5.—Spot cotton 62%; Mexican dol'ars .48, quiet; middling $27.65. REPORT OF THE CONDITION OF THE Wyoming Trust Company At Casper in the State of Wyoming. at the clc#e of businers on June 30th, 1923 RESOURCES Loans and Discounts Overdrafts, Secured and Unsecured Stocks, Securities, etag i Banking House, Furniture and Fixtures Expense and Interest Paid pe Due from National Banks ......--..- 193,142.25 Due from State Banks and Bankers 59,578.38 Checks and Cash Items ~ a 48,464.26 Money Reserve in Bank, v Specie ure a acne 1,845.00 + Legal Tender and National Bank Notes - 23,367.00 Fractional Paper Currency, Nickels and Pennies 16,92 825,908.81 $1,148,596.58 TOTAL ( Capital Paid in. 7 100,000.00 Surplus Fund -....-.. 10,000.00 Interest and Discounts 21.513.48 Individual Deposits Subject to Check Certificates of Deposit, Demand Certificates of Deposit, ‘Time Certified Checks -. Savings Deposits — Due to State Banks and Bankers oa ERS DORA ieee State of Wyoming, Coun le I, Leo A. Dunn, Cashfer of the above-named Bank, do solemnly swear that the above statement is, true, to the beat of my knowledge and beliet. LEO A, DUNN, Cashier. Subscribed and eworn to before me this Sth dey of July, 1928. ae, Notary Publto. My commission expires August 28th, 19: Correct—Attest: R. C. CATHER, R. 8. ELLISON, URHAM, H, B. D’ - Director: Published July 5, 1923. THE PUBLIC OF have overcome several difficulties and