Casper Daily Tribune Newspaper, July 8, 1923, Page 7

‘ ‘ SUNDA\ JULY 8, 1923. Che Casper Sunday Worning Cridune STOCKS SCORE GAIN; | CLOSING IS STRONG Upward Trend Recorded During Short Session of Bat) -urdiy Adds to Recovery Offsetting Losses Previous to Holiday RK, July 7.—Stock Et ices continued strong in| session of the New York exchange, adding to the recover} which set in after the holiday, which had been preceded bya sharp setback. Sales of 275,000 shares were | reporea ee y- large Amount of the short selling thi: - ported to be fo} the account of small ! was Bausibnea, reek wate xs. traders, who become discouraged | by the weakness of New Haven, ! NEW today’s sho! by the failure vance in resp favorable news|developments in the last two mont Foreign affaim, which had ie but scant attenfon in the stock mar- ket in recent fonths, came to the tore again this Week with the raising of the minimunj discount rate by the bank of Engla: per cent, and in the reparati Several cuts lea ff the market to ad- se to a number of from three to four | @ revival of interest situation. commodity prices, | copper, rubber and ide oll, contributed © pessimistic senti- -| new low record for the year by st | $4.54 15-16. cellent current earn- The recovery ings and car Ididings. Rust ae Is Bolstering | Factor in Grain Trading || OMICAGO, July 7.—Grain prices averaged hightr in today’s brief trad- tag here, encouraged Iargély by re- pelts of heaty damage from black rust to spring wheat and higher quo- tations in Liverpool. The close wit- nessed rome uncertainty at»prices fractional lower than the high mark. Considerable nervousness was man- ffested during the week over market unéertainties result from. reports The turn of the half year found the steel industry operating at nearly | the year's peak production. © Large | manufacturers report a shortage of | labor. Additional wage increases in, |some of the smaller mills were an- nounced during the week but thus | far there has been no indication of | another increase by the United States Steel corporation and other big pro- ducers, but one would hot be unex- pected as harvest time draws near, Money rates softened a bit after the mid-year settlements had been com:| pleted. The tlme money market was | dull with brokers bidding five per cent and bankers holding out for 5%. The feature of the foreign exchange | market was the establishment of a/ ling, demand bills being quoted Announcement of the | raising of the discount rate started a rally, however, which — continued | through the rest of the week. Most | of the other principal European ex-| changes also sold at or near: their low rates of the year, | ures, the amount of land seeded corn this year, as compared with 19; shows more than 1,000,000 acres duction. Favorable weather for the growth) of corn anf oats put December corn and” September and December oats} down to the lowest prices yet this seanon. Feeding demand for corn, however, continued to Keep the corn supply here small and td lft the Chi- ico for July delivery. of rust damaze anc on for harvesting winter w result, prlets this mornin no @ ing tre with o Today's range of grain ané .pro- vision prices follow: Open High =-.$1.03% $1.04 Low Close $1. shat $1,037 % Sept. —-$0.80.. $0.80% $0.80 $0.8) 0.62% 0.68% 70.624, 0.63 -- 30.38% $0.40 $0.88%% $0.39 ~ 0.34% 0.35% 0.34% 0.35% - 0.36% 087% 0.86% 0.37 — <-=-$11.87 $11.87 $11.32 $11.35 -- 11.42 11.45 11.42 5 Cash Grains nd Provisions. : —Wheat, no sales . number 2 m'xed, ; number 2 yellow, 84% @85c. number 2 white, 40% @41%c; er 3 white; 40@40%c. Rye, number 2, 66%0. Barley, nominal. Timothy seec, $6@6.50. Clover seed, $15@17. Pork, nominal, Lard $11.15. Ribs, $8.87@9.87. ember ed in the ‘gely due to of blac nger were also as- cribed more or less to the indirect effect of bullish estimates regarding corn acreage. According to all fig- Market Gossip and Briefs || On Operations in Oil Fields New Wildcat Projected. ‘Wyoming Investment and Develop- ment company has made arrange- paratory to cementing at 1,320 feet | No. 24 is spudding at 200 feet. The water well in the Emmigrant FREE! FREE! FREE! ONE HUNDRED THIRTY DOLLARS eee Come Out to Englewood Today at 4:30 P.M. The L. and L. Airplane Company who have bought 6 lots and built a large hangar at Englewood, will make their field second to none in the west. At 4:30 Dick Leferink will drop thirty cards from his plane at a height of 500 feet, these cards will be dropped 10 at a time and in each 10 cards 1 card will be good for a first payment on a lot and 1 card will be good for an airplane ride over Casper. But you must be on the ground at the time cards are droppedas they will not be honored after 5:30 P. M. All lots in Englewood No. 1 and 2 have been sold and lots in Englewood No. 3 are going rapidly, and why? There is a reason and that is we are selling 5 and 10 acre lots with not a foot of waste land 4 1-2 miles north of Casper, on the Salt Creek paved highway in the prettiest valley in Natrona County 200 percent cheaper than anyone else in Natrona County, and when you consider that every acre of Englewood is under the Casper- mente for starting a wildcat on what is known as a second Salt Creek structure near Newcastle, Wyo., located in township 45, range 61. Production is expected from the Lakota or Minnelusa sands. Gap structure near the Midway pumping station is drilling at 900 feet and it is expected that the sec-| ond water sand will be found at| around 1,000 feet, Fargo Operations. tion of the holiday coupled ‘h following labor troubles have al down work to some extent on the Fargo pipe line from the Poison Spider district to this city but with a full crew on the job again better progress is being made and the work is being rushed with all possible speed in an effort to have in readi- ness for transporting crude by the first of the coming month. Piles Cause Nervousness and Destroy Health, If you} Troubls, DO N it Over 20 years’ vedo in treat- § Diseases enables us to Water! Water! and more wells will be drilled at once. No. 27 in Sonth Casper Creek is arflled to a depth of 866 feet. The betsy anf up of a veda water sand it mecessary to underream the iodineh which was used to shut off the Dakota. The crew is now under reaming about 60 feet from the bot- tom and will be drilling again in oa few days. No. 23 - being eentog out pre- |. IT’S CLEAR SOFT AND PURE ure oe tf ‘who the their {iee-tourths of our business. for our “Piles Cured Book seaicat 3 It ip filled with valuable Jotormation and spelota advice, You should aaa: BOWER! Bulte 5% Standish Hotel,Denver,C vio. Order by the case or 5-gallon bottles. HILL CREST WATER WE.DELIVER 503 East Second St, Phone 1151 AND BAMeO RES Remember 5 acre Lot on the Pavement $750. Remember 5 acre Lot just off the Pavement $625. Remember 5 Acre Lot a few hundred feet farther off Pavement $500. Alcova Irrigation Project you will admit that we are more than dividing the melon with our customers. Water! we have worlds of pure, soft water on Lot No. 102 at 115 feet and Lot No. 41 at 85 feet; $50 cash and $25 per month. $25 cash and $15 per month. $25 cash and $10 per month. CALL US TODAY, PHONES 1129 and 543-J John M. England O. 202 O. S. BUILDING