Casper Daily Tribune Newspaper, July 22, 1923, Page 16

PAGE EIGHT. STOCKS HIT SLUMP IN CLOSING SESSION Profession Selling of Oil Shares on Strength of Crude Reductions Paves Way for Decline After Strong Upward. Trend NEW YORK, July 21—Heavy selling of oil issues fea- tured a decline in stocks which developed after a strong open- ing of today’s short session of the exchange, professional op- erators taking advantage of recent reductions in crude quota- tions, Motors and equipments also gave way and the closing was heavy, sales approximating 300,000 shares. Today's heavy market marked a reversal in sentiment manifested dur ing the last two deys when prices turned sharply upward after a period of uncertainty regarding the perma- nence of the bull market. The definite turn came after the market had shown on two successive days a strong demand for a number miscellaneous shares which ordinarily are not particularly active. This in- quiry gradually spread to many of the more popular issues, in several of which there was an unusually large short interest as a result of the long period of decline. The upwrd movement, rendered emphatic by efforts of short interests! to cover, was aided by the favorable) technical position of the market and numerous encouraging news develop- ments both at home and abroad. Observers who at first were inclined to make pessimistic pronouncements on the chances of agreement in tho Ruhr tangle through Great Britain's leadership professed to see eome hope in later despatches from London and Parts. Commodity prices were firmer after an early slump, eltough none of the gains were notable. Railroad freight car loadings continued at record fig- ures and May earnings figures for 193 class one railroads showed net operating income of nearly $90,000,000 representing a return of 6.33 per cent on the capital invested. Iron and steel production continued on @ large scale although there was a small decline both in production and in future buying. Call money was somewhat firmer but the ruling rate continued at five per cent. The time money market was dull, brokers bidding five per cent while bankers held out for 5% per cent at which rate a few loans were made. Commercial paper held steady at five per cent for prime names. The foreign exchange market moved frregularly. Demend sterling fluctuated in a narrow area around $4.59. Francs fell off slightly, being quoted at the week-end at 5.88 cents, about the same level as a week ago after en early period of heaviness. German marks sank to a new low record of .0002% cents, or 1,000,000 marks for $2.50. Wheat Prices Bolstered By, Investment Buying, Report CHICAGO July 21—Wheat prices ranged slightly higher today but the close on the Chicago exchange was unsettled through jack of aggressive suport for deliveries which witnessed ® partial recovery from record low prices marked uy earry in the week In comparison with opening values today prices were % to %o higher, with September .99% to .99% and December 1.02% to 1.023 Unfavorable weather reports from parts of the corn belt gave additional strength to corn, and the close showed “gains varying from % to %c to 1% and 1%, with September 76% to 77c. Rallies in wheat trading which fol- lowed the severe slump early in the week were attributed to concerted efforts to stimulate widespread in- ‘vestment buying of wheat in 1,000 bushel lots and also to induce family purchasing of flour, one barrel to a household. A campaign to enlist popular sup- ‘port from movement to buy 1000 bushels of wheat and to buy a barrel of flour, found earnest backers among Jeading members of the board of trade ‘who took the ground that the grain trade in common with business in gen- eral would wolcome an advance in the price of the principal farm products, especially wheat ,as the basic com- modity of the world. Increasing pres- sure to market newly harvested ‘wheat offered from Tilincis points in particular had much to do with the eolines in price and so too did re- ports indicating that the domestic spring crop was continuing to mature head of black rust. Besides, ex- port demand remaind stack. Advices from Canada on the other hand, as to threatened damage by Diack rust had considerable bullish ef- fect here at times on the wheat mar- ket. ‘The fact that much of the Can- adian crop is a long way from har- vest gave some force to such reports ‘but they were later discounted largely by lack of any evidence that actual damage had yet been suffered. Smallness of the supply of corn here, with good sized quantities get- ting out of condition, gave strength to the corn market. Oats were bul- lishly affected by Iowa crop damage reports. Less accumulation of lard here than had been looked for stead- New York Stocks Allied Chemical & Dye ------ American Can -—.----.-—--. American Car & Foun American Internationa! Corp American Locomotive -—. American Smelting & Refg American Sugar ‘American American American Anaconda Atchison Atl, Gulf Baldwin Locomative Baltimore and Ohio Bethlehem Steel California Petroleum Canadian Pacific Central Leather Cerro de Pasco Chandler Motors ---__. Chesapeake and Ohio Chicago and Northwestern Chicago, Mil and St. Paul pf Chicago, R. I, and Pac. Copper fed the lard market. Otherwise, pro- visions averaged lower, with hogs. Today's range of grain and provis- fon prices follow ‘Wheat: July— ‘Wheat— Open High Low Close July - ----1.00 1.00% .99% 1.00% September 98% 99% .98 99% December 1.01% 1.02% 1.01 1.02% Corn— July 84 76 63% A0% 35 36% Pork— Blank Lard— 84 18% 63% 40% 34% 36% 4% 1% 65% 1% 5% 31% September 11.07 October 11.20 Ribs— September October Cash Grains and Provisions CHICAGO, July 21—Wheat No. 2 red 1.01@1.01%; number 2 hard 1.00 @ 1.01%. Corn number 2 mixed .85@.86; num- er 2 yellow .88%@ 88%. Oats number 2 white .42% @45; num- ber 8 white .40%@44. Rye none. Barley .63@.69. Timothy seed 5.50 @6.50. Clover seed 15.00@17.50. Pork nominal, Lard 11.00; ribs 8.37@ 9.25. 12.15 11.22 11.07 (11.15 11.17! 11.22 8.87 .8.87 8.85 8.87 8.75 Fire Destroys Midwest Rig In the Baxter Basin Field ROCK SPRINGS, Wyo., July 22.— @he greatest matter of news in ths Baxter Basin field during the past ‘week is the loss of the Midwest rig on section 2-17-104 by fire. The fire started by tne ignition of escaping gas shortly after one o'clock in the morning and the entire rig was burn- ed to the ground with an estimated loss to the company of $10,000. Just what caused the fire In not definitely known, but it is supposed to have been caused by a broken electric light wlobe, the gas igniting from the spark fn the globe. This well was down 1,848 feet und had a flow of 8,000.000 eet of gus. The well had been muddet off for this well has been suspended and the gas from the well will be ured for the boilers at the other wells In that section of the rield. In the past the gas from the well bn eection 11-17-104, has been furnish- Ing the fuel for the other wells, but the burning of the rig on section 8 has caused the company to move to section 11 and this well will be Grilled to the Dakota sand, At present the well Is down 2,450 feet and it !s expected that tho Dakota sand will be reached slightly below 2,800 fosc The Associated Ol company on sec- tion 28-17-104, Montacal No. 1 has fin- ished mudding off, but was forced by caving to run 6% inch casing. This work is in progress and as soon as finished drfling will be started. On section 26-17-104, they are digging cel- lar preparatory to erection of the rig. ‘The Continental Of company on section 8-16-104, Montacal No, 1 has received boiler and are now waiting for casing. The Ohio O11 company on section 22-17-104 is drilling at 1,450 feet. On Section 13-17-104, drilling at 1,140 feet. The Montacal wel! on section 24- 17-104 is standing at 505 feet waiting for developments. On section 18-16-103 they are drilling 75 feet. The William Keck and Patrogas are at a standstill with conditions the same as one week ago. Gas and Water Encountered In Wyland Sndicate Test Gas and water were encountered iB) the first Wall Creek sand in the wWy- land syndicate’s test being drilled two and one half miles east or Ar minto, Syndicate officers are opto mistic over prospects for production in the second Wall Creek and deeper drilling has een authorized for a thorough test of the structure.. The hole is now at 1,380 feet in the first Wall ek In the Bessemer Bend country west pt Casper the wildcat being drilled by Chile Copper | -. Chino Copper - Consolidated Gas Ccrn Products Cosden Oil .. Crucible Steel General Asphalt General Electric General Motors — Great Northern pfd Gulf States Steel _ Tilinois Contrfal Inspiration Copper International Harvester Int. Mer Marine pfd. Internationa! Paper Invincible Ol —-____ Kelly Springfield Tire — Kennecott Copper Tima Locomotive - es Louisville and, Nashville — Mack Truck Marland Oil _. Maxwell Motors B Middle States Oil — Missduri Kan and Tex., new Missouri Pacific pfd New York Central __ N. Y., N. H. and Hartfor Norfolk and Western Northern Pacific ~. Pacific Oil —_. Pan American Pennsylvania People’s Gas Sears Roebuck Sinclair Con Of! -. Southern Pacific Southern Raflway __. Standar Oil of N. J. Studebaker Corporation Texas Co. Texas and Pacific -.___. Tobacco Prctiucts A —____. Transcontinental Of1 —. Union Pacific ~------__ United Retail Stores — U.S. Ind, Alcohol _---— United States Rubber -. United States Steel Westinghouse Electric ——____ Willys Overland -__________. American Zinc, Lead and 8m. — Butte and Superior Colorado Fuel and Iron Montana Power National Lead ween nnn Shattuck Arizona —. 1 oe TMinota Indians 2. Nat. S. O. Kan 8. O. Neb. 8. 0. N. ¥. 8. 0. Ohio — Vacuum 8.5P. (On 8. O, Ind, -—. NEW YORK, July 21—Foreign ex- changes steady. Quotations in cents. Great Britain demand 459%; cables 459 13-16; 60 day bills on banks 457 116. France demand 65,94; cables 5.94%. Italy demand 4.36%; cables 4.37. Belgium demand 65.00; cables 5.00%. Germany demand .0003; cables 000302. Holland demand 39.2914; cables 89.30. Norway demand 16.24. Sweden demand 26.53; Denmark de- mand 17,49; Switzerland demand 17.72. Spain demand 14.32. Greece demand 2.50. Poland demand .0006%. Czecho Slovakia demand 2.99. Austria de- mand ,0014%. Rumania demand .52%. Rumania demand .52%. Ar: gentina demand 34.00. Brazil dernand 10.40, Montreal 97%. Rha See Progress Made On Test DOUGLAS, Wyo., July 22—Offictals of the Big Indian O!l & Gas company are well pleased with the progress being made at the test dri'led 4 miles west of the city. The crew had a hard time getting the water cemented off but this difficulty has been over. come after three atempts. ‘The hole is now in good condition and good headway is being made. C. H. Ar- mour, general manager of the Grif. fith Of] company of Alliance, is here superintending the operations, his te Danaher syndicate fs the Ten; sleep sand at 300 feet and making g09d progress. The Amsden and ‘Madison limestone formations will be reached In this test. Silver NEW YORK, July 21.—Bar silver, 63c; Mexican dollars 480, company having taken over the leases of the Big Indian, and development will continue as rapidly as possible from new on. Butter and Eggs CHICAGO, July 2i1—Butter recetpts 5,742 tubs; highe: standards 38: extra firsts firsts .34% @35%; seconds .3. 8 receipts 13,950 cases unchang. ug | Cities Service Com. he Casper Sunday Morning Cridune WOYMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT MONTANA OIL WELL IS STILL BIG SENSATION Ohio Company's No. 3 Baker in Kevin-Sunburst In- creases Flow to 1,700 Barrels a Day; ‘Two New Completions Reported Oil Securities (By Wilson, Cranmer Chappell Columbine Capitol Pete Consolidated Royal Cow Gulch Domino Elkhorn Frantz Gates Lance Creek Royalty. Lusk Royalty ------- 01 Mike Henry --.---. .01 Monntain & Guif --- 1.30 Néw York Oil -—--.-12.00 Royalty & Produc Sunset -.—..-_-.... Tom Bel! Royalty Western Exploration Wyo-Kan -.__... Western Oil Fields Western States b aban Paeeaies New YXork Curb Mountain Producers .$ Mammoth Oil - Glenrock Oil Salt Creek Prods Salt Creek Cons. New York Oil 18.75 — 134.00 Second 4%s $ 14.00 52.62 05 16.87 8.75 10.09 The Ohio Oil company’s No. 3 Baker in the Kevin-Sun- burst field in Montana, section 4-35-2w, has been increasing until the well is now doing 1700 barrels. The Ohio had two small completions last week in the same field. No. 2 Emmert on section 15-35-2w, is a 70 barrel well at 1462 feet and No. 1 Halloway, section 34-36-2w is a 50 barrel well at 1,777 feet. No reports were received on the company's operations in Salt Creek or Rock Creek this week. The status of the other wells is as follows: Kevin-Sunburst. No. 2 Emmert, Account No. 2, sec- tion 15-35-2w, setting liner at 1,550 feet. No. 2 Barr, section 2-35-2w, drilling at 1,230 feet. No. 3 Larsen, section 17-35-2w, drill- ing by tools at 820 feet. N 1 O’Hatre, section 35-36-2w, drilling ‘at 150 feet. No. 7 Davey, section 3-35-2w, rig- ging up. No. 7 Baker, section 3-35-2w, drill- ing at 130 feet. No. 8 Baker, section 3-35-2w, drill- ing at 200 feet. No. 1 Malta, section 20-24-24e, wait- ing for fuel at 100 feat. No. 1 Big Sandy, section 17-25-17e, drilling at 2,615 feet. ri Grass Creek. No. 19 Wilef, section 19-46-78, set 10-inch casing at 1,680 feet. No. 39 State, section 19-46-78, re- building rig at 1,680 feet. No. 68 Milliron, section 20-46-78, re- pairing 10inch at 2,178 feet. Syndicate Meeting Called To Vote Upon Dissolution Pursuant to application made to trustees of Casper Syndicate, and un- incorporated association, a meeting of the unit holders of sald syndicato in the Consolidated Royalty Building, Casper, Wyoming, on Thursday, July 26, at the hour of ten o'clock a. m., when those interested will be called upon to determine whether or not the syndicate shall continue operations or whether it shall dispose of its assets and effect a dissolution. The syndicate has operated in the Bolton Creek field south of Casper, where it completed one producing well on land leased from the Iowa-Wyom- Third 4%s Fourth 4\s ea nnn-—=- $1.75 1.70 1.70 Rork Creek Salt Creek Big Muddy ~... Hamilton Mule Creek Bunburst CHICAGO, July 21.—(U. 8. Depart- ment of Agriculture.}—Cattle, receipts 1,000; compared with week ago, steady atrictly choice beef steers, practically steady; extreme top $11.50; other grades unevenly 25 to 75c lower; yearl- ings mostly 50c to $1.25 lower; top long yearlings $11.25; she stock un- evenly 250 to $1.50 lower; spots more; canners, showing least decline; grassy cows and heifers most; bulls steady to 16c lower; veal calves 75e to $1.00 lower; stockers and feeders 25c lowe week's bulk prices follow: Beef steers $9.00@10.35; stockers and feeders $525 @6.75; beet cows and heifers $5.00@ 8.85; canners and cutters $2.75@3.50; veal calves $10.00@10.75, Sheep, receipts 1,000; today mostly direct. For week almost 25 per cant direct; westerns considerably smaller; compared with week ago; desirable fat lambs $1.26@1.75 lower; culls and sheep generally steady; feeding lambs 26c lower; closing western lambs top $13.50; natives top $13.25; sorting heavy; better grade culls $8.00@3.5 bulk fat ewes $5.00@6.25; light weight quotable upward to $7.00; heavies $3.50@4.25. Hogs, receipts 7,000; uneven, mostly 10 to 20c higher; spots more; bulk destrabzle 160 to 225 pound averages $7.50@7.65; top $7.70; few good and choice 240 to 800 pound butchers $7.85 @7.50; bulk packing sows $6.00@6.25; best strong weight pigs around $7.0 estimated holdovers 6,000; heavy weight hogs $6.50@7.55; medium $7.10 @7.70; Nght $7.00@7.70; lUght light $6.60@7.50; packing sows smooth $5.90 6.40; packing sows rough $5.65@6.0 Killing pigs $6.25@7.00. Omaha Quotations. OMAHA, Neb., July 21—(U. 8. De- partment of Agriculture.)—Hogs—Re- ceipts, 7,500; uneven mostly 10@15¢ higher; bulk 200 to 300 pound butch- ers, $6.90@7.15; top, $1.25; bulk mixed loads carrying packing sows and lights, $6.40@6.85; packing sows, largely $6.00@6.25. Cattle— Receipts, 300; compared with week ago: In between grades beef steers and she stock, mostly 15@ 25c lower; spots 50c lower on com- mon light yearlings; other grades steady; bulls, 250 higher; veals, $1.00 to $1.50 lower; stockers and feeders, steady; closing bulks follow: Beef steers, $8.00@10.00; week's top, $11.00; grass cows and heifers, $4.25@6.0 week's top grass heifers, $7.35; dry lot cows and heifers, $5.50@8.25; week's top heifers, $9.50; canners and cutters, $2.50@3. bologna bull $4.50@5.00; light veals, stockers and feeders, week's top feeders, $8.50. Sheep— Receipts, 600; compared with week ago: Lambs, $2.00@2.25; lowest sheep mostly + stead: higher: on choice light ewe: 50c@$1.00 lower; closing bulks fol- low: Western fat lambs, $12.50@12.75; natives, $11.75 fed clipped lambs, $11.3! ewes, $3.75 @4.50; light ewes, 6.00; week's top light ewes, feeding lambs, §1.50@12.15. $6.60; ing Oil company, SEUNW % Sec. 2, NW%NW% Sec. fay = SL, = at and on Addi- iona! omestea, nti Serial 022585, allowed February 6, 1921 for E4W%, SWYNW, SW% Sec. 11, NEXNW% Sec. 14, T. 33N., R. 85W. 6th P. M. Witnesses: John W. Andrews, Roy Gaylord, Samuel Ford and William M. Andrews, all of Powder River, Miyortng: . J. ERWIN, Register Pub July 8, 15, 22, 29. ie 1923 meee eee Potatoes CHICAGO, July 21—Potatoes lower; receipts 71 cars; total U. 8. shipments 621; Missourl and Kansas sacked ‘Early Ohios, United States number 1, 1.25%1.40; few best 1.50; dry field run 100@120; sacked Irish Cobblers United States number 1, 1.40%1.60; few best 1.65@1.70; small field run 1.30; car lots Virginia cloth top stave barrels Irish Cobblers number 1, 475 NOTICE FOR PUBLIC. @5.00. lil ATION Department of the Interior U. S. Land Office at Douglas, Wyo. July 3, 1923 NOTICE is hereby given that Charles W. Larson, of Casper, Wyo. who, on August 27, 1910 and Feb- Truary 17, 1320 made Homestead and additional homestead entries’ Nos. 019817 id_ 019818 for Hd NEW YORK, July 21.—The New York Cotton Exchange was closed to- day because of the transfer to its new ALTE haar cows: Czechoslovak Rep 8s ctfs Dominion of Canada 5s, 1 French Republic 744s ---——-. Japanese 4s -_____.. Kingdom of Belgium 8a Kingdom ‘of Norway, 6s -—-—-_-.. Republic of Chile 8s, 1946 ~ U.K. of G. B. and I,, 5%s, 1987 __. Raih American American American Américan Tel and Tel col tr. Anaconda Copper, 7s, 1938 Anaconda Copper 8s, 1953 At. T. and San Fe., gen 48 Bethlehem Steel con 6s, Seri Canadian Pacific deb., 4s Chicago Bur, and Quincy Chicago Mil. and St. Paul cv., 443 Chile Copper 6s Goodyear Tire 8s, 1941 Great Northern 7s A Montana Power 5s A Northern Pacific ref., Pacific Gas and Electric 5s Penn. R. R. Gen 58 Sinclair Con Oil col ie Southern Pacific cv., 4s __. Union Pacific First 4s U. S, Rubber, 5s ___. Utah Power and Lig Western Union 6i%s Westinghouse Electric 7s Wilson and Co., cv., 6s Smelting 5s —. Sugar 6s ~-. 5s -. Lots 1, 2, 8, 4, 5, SEMNW%; S% NE% Sec. 6, T. 34N., R. 77W., and Ad. Hd., Lots 6, 7; E4SW%; SEX Sec. 6, T. 34N., R. 77W., 6th Prin. Meridian has filed notice of inten- tion to make finai three year proof to establish claim to the land above described before Marion P. Wheeler . S. Commissioner at Casper, Wyo. on the 10th day of August 1923. Claimant names as witnesses: John E. Johnson, John L. John- son, Frank McKin, M. W. Neighbors all of Casper, Wyo. . J. ERWIN, Register Pub July 8, 15, 22, 29, Aug 5, 1923 Athen Bell dee NOTICE FOR PUBLICATION Department of the Interior 4) U, 8. Land Office at Douglas, Wyo. July 3, 1923 NOTICE is hereby given that Frank C. Burke, of Casper, Wyo- ming, who, on June 27, 1922 made Homestead and additional home- stead entries Nos. 031229 and 031230, for Hd. SEM“NE%; E% SE% Sec. 11; NE4NE% Sec. 14, T. 32N.,'R. 91W., and Ad. Hd: W% WE Sec. T. 32N., R. 91W. 6th Prin. Meridian, has filed notice of intention to make final three year proof to establish claim to the land above described, before Marion P. Wheeler, U. S. Commissioner, at Casper, Wyo., on the 7th day of August 1923. Canin names as witnesse: J. Davern of Shoshoni, Wyo. Tel. and Tel., cv 68 --—-—— SUNDAY, JULY 22, 1923. Waiter G. Graham, Harry J. Sharp, John Aragon, all of Moneta Wyo, B. J. ERWIN, Register Pub July 8, 15, 22, 29, Aug 5, 1922 Aer EIS AT Christ Blanck, of Fairmont, Minn., believes he is the record grave digger. He has been employed at the work for 38 years, and during that time has dug more than 2,000 graves. SWAN UNDERREAMERS BaP AT YOUR SUPPLY STORE BrRivckErort THE PIPE FOLLOWS” Surveying and Locations Geologists, Oil Experts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO, P. 0. Box 325 Room 10, Daly Bldg. home from the temporary quarters it has occupied for the last year, oo Flax Seed DULUTH Minn, July 21—Closing flax July 2.6814; September 2.31; Oc- tober 2.25%; November 2. —_— NOTICE FOR PUBLICATION. 8. Land Office at Done ye: . ice at Dov; O~ ning, June.19, 1928, Notice is ‘hereby given that Ernie Creel, of Casper, Wyoming, who, on December 3, 1921, made Stockrais- ing Homestead entry, No. 027495, for Lots 1, 2, E%sNW% Sec. 19, Lots 3, 4, E%4SW% Sec. 18, T. 29 ., R. 88 W., and SEX Sec, 18, NE% Sec. 24, Township 29 N., Range 89 W., 6th Principal Merid- jan, s filed notice of intention to make final three year proof, to es- tablish claim to the land above de- scribed, before Marion P. Wheeler, United States Commissioner, at Casper, Wyoming, on the 26th day ay 1923. imant names as witnesses: John H. Posey, Ray McCleary, Peter C. Rice, Charles Spurlock, all of Casper, Wyoming. B. J. ERWIN, Register. Pub. June 24, July 1, 3. ib 22, 1923. ———————__ CONSOLIDATED NOTICE FOR PUBLICATION Department of the Interior U. S. Land Office at Douglas, Wyo. June 29, 1923 The following named entrymen have filed notice of their intention to make final proof upon their homestead entries before Marion P. Wheeler, United States Commis- sioner, at Casper, Wyoming, on the 8th day of August, 1923: John W. Andrews, of Powder River, Wyoming, on Homestead en- try Serial 022522, allowed January 28, 1920 for NE% Sec. 11; NW Sec. 12, T. 33N., R. 85W 6th P. M. and on Additio Homestead entry Serial 022523, allowed February 5, 1921 for SE% Sec. 11, SW% Sec. 12,:T. N., R. 85W., 6th P. M. Witnessex. George Milton, Willie M. Andrews, Harry Loins, and Sam- uel Ford, all of Powder River, Wyo- ming. George W. Melton, of Powder River, Wyoming, on Homestead en- try Serial 022534, allowed October 21, 1919, for W%W%; EXYSW; SWAN UNDERREAMERS ra AT YOUR SUPPLY STORE. ‘LOSE NO CUTTERS” Clothes A MONEY SAVING OPPORTUNITY, Scott's | THRIFTY BUYERS THIS IS FOR YOU Drastic Reductions Made In All Lines Throughout the Store Our Big July Clearance Sale Now On 1000 SUITS Featuring the famous Kincaid Kimball In our suit department, you will find a variety of selections only found in the large e~stern cities. The prices made in this depart- ment have never been equaled. \ GCO. 240 S. CENTER STREET