Casper Daily Tribune Newspaper, July 27, 1923, Page 7

P. & R. DRILLS IN NEW. No [Test Made-of Prodlince Uncorked: by Corporation On Section 15-40-79; ions of Company . In All Fields Reviewed : 2280 feet but the well has not yet been tested. Other opera- Well No, 7, rigging up. On Section 18-40-78, running der rick over well No. 2. ‘Well No, 1, Section 82-40-78 stand- ing cemented. ‘Weill No. 2, Section 6-39-78, drilling ‘at 2167 feet, Bodie Dome. ‘Well No, 1, Section 33-31-80, running 10-inch casing at 2080 feet. Enos Creek. ‘Well No. 1, Section 26-46-100, under- reaming 6%-Inch casing at 2870 feet. ‘Thorn ton, ‘Well No. 1, Section 8-48-45, under reaming and reseating 6%-inch casing at 1960 feet Garland. ‘WelhNo.1, Section 30-56-97, drilling at 530/feet, Sand Draw. Well No, 2, Section 9-82-95, drilling at 1210 feet. Well No. 3, Seotion 15-32-98, where it is the intention to drill deeper; crew ‘are rigging up. 1817-1041 depth 1620 feet. slight casing trouble on this location done there as yet. ‘Well No. 22, Section 25-26-87, dril- ing at 1800 feet. Dome. ‘Well No. 1, Section 33-26-88, depth 2,860 fect. Cleaning out and under- reaming at 1945 feet, ‘Well No. 3, in the same section, now drilling at 885 feet, ‘Well No. 2, Section 4-25-88, depth 2888 feet, Have run 6%-Inch casing. Now underreaming at 2600 feet. Wertz. ‘Well No. $, Gection 7-26-89, drilling at 1065 feet. ‘Well No, 4, game section have erect- ed new derrick and now rigging up. On Sherard Dome in Well No, 1, Section 14-25-89, drilling at 1890 feet. At Bell Springs, Well No. 1, Section 1-28-89, now drilling at 890 feet. At Baxter Basin Well No. 1, Section Have -had and are now pulling 15%-inch, On Well No, 1, Section 86-17-104, cleaning out at.1530 feet, ‘Good Progress Is Made on Big'Tank Farm at Clayton securing the natural gas for domestic consumption. ‘The Producers & Refiners corpore- tion is planning to extend its gas line ‘from Casper to Glenrock and Doug. las, furnishing gas to the town of Glenrock, the refineries at that point, »and also furnishing *fuel for this clty. At is believed that work on the line will be started within a few weeks ‘and that the consumers of this city will be using the gas by the first of Be year. % Dougias Test Interesting. ‘Many varied reports concerning the test being drilled by the Griffith Oil company on land held by the Big Market Gossi Marks Decline, NEW YORK, July 27.—German marks sold in the local foreign ex- change market today for 90 cents a ‘Million, the lowest in history. Be- fore the war when the nominal rate if exchange was 23.8 cents each, ono million German marks would have cost $288,000. Except for the purchase of remit- tances to relatives and friends in Silver NEW YORK, July 27.—Bar sfiver, @2%0c; Mexican dollars, 48¢. LONDON Je 27.—Bar silver, 20 13-16d- per ounce. Money, 1% per cant. ’ jude i ; The Producers & Refiners completed well No. 8 on sec- tion 15-40-79 in the Salt Creek field last week at a depth of tions in the state are as follows: Salt Creek. ‘Well No. 1, Section 22-82-05, rebuild- On Bection 15-40-79, Well No. 1 ts/ ing derrick with intention of cleaning drilling at 1230 feet. out, Also have new location for ‘Well No. 4 running derrick. well No, 1, Section 23-82-85, No work ‘Well No. 5, depth 2187 feet, Clean- ing out 10 inch off bottom and swab- Ferris, bing. ‘Well No, 12, Section 26-26-86; stand- ‘Well No. 6, Arilling. at 1330 feet. ing cemented at 2862 feet. in. constructing the line through Nebraska are being experi- explosion. Other the company has hole rapidly and that it hopeful of penetrating the of! producing sand within a few days, None of these reports haye been verified as the officials absolutely re- fuse to give out anything in the way of publicity, It is to be hoped, how: ever, that ofl in paying quantities will be encountered as a good production will mean much to the business in- terests of this city. It is the general opinion bere at this time that the ‘well is expected in daily. p and Briefs On Operations in Oil Fields Germany by residents of this coun. try. there is practically no business here in German exchange, which ® commercial standpoint, is worthless. Butter and Eggs CHICAGO, July 27.—Butter, higher; creamery extras, 89%0; standards, 40c; extra frets, 38@ firsts, 88@39c; | firsts, 386@37c; seconds, 34% @a5c, Eggo, higher; receipts, 10,861 cases; its, 23% @2dc; ordinary firsts, 21% storage pack extras, 25%c; storage pack firsts, 24% @26c. fi King George's cousins, second, number nearly 300. first and New York Stocks & Dye -—-_._ 65 ee SE American Car & Foundry —— 157 American International Corp — American Locomotive |... American Smelting & Refs. _— American Sugar --—-_______. American T. and T. Atl, Gulf and West Indies __ Baldwin Locomotive -—..-- Baltimore and Ohio —--____ Bethlehem Steel ---..—.__ California, Petroleum -. Canadian Pacific Central Leather -—-— Cerro Ge Pasco Copper -...._. Chandler Motors 1... Chesapeake and Ohio ~...... Chicago and Northwestern -... Chicago, Mil and St. Paul pfd — Chicago, R. L and Pac, -.. - 23% Chile (Copper Chino Copper ----_-___. - 19 Consolidated Gas .—________ Cuba Cane Sugar pfd —___.__ Erie vers Lasky -__ General Asphalt --—-_____ General Electrio ———_______. General Motors -——~——___ Great Northern pfd -——_____ Gulf States Steel ——-___.____ Illinois Central .. ‘Inspiration Copper ----.... 29% International Harvester Int. Mer, Marine pfaé -—_____ Internatidnal Paper -. 84% Invincible Oi ——.. 10 Kelly Springfield Tire _.._ 32 Kennecott Copper -—-i... 33% Limo Locomotive. 81% Louisville and Nashville ..... 89 Mack Truck ~—. 4% Maxfand Oi 34% Maxwell Motors B 11% Middle States’ Oll -.. aaa Tae Missour! Kan and Texas new ~.10%B Missouri Pacific pfd --------. 30% New York Central --__. - 97 N. Y., N. H, and Hartfor€ . 123 Norfolk and Western 102 Northern Pacific 58% Pacific Oll -—-—--—--—-— 32% Pan American Petroleum B .. 55% Pennsy!vania ~—~-.. ———-- 48% People’s Gas ______ rama fy" h Producers and Refiners -... 31% Pore Oe Reading ...... —_. Republic Iron and Steel Sears Rosbuck -. Sinclair Con Of Southern Pacific —. Southern Railway Standard Ojl of New Jersey -. Studebaker Corporation ‘Texas Co. aes Sa 41 17 80 Transcontinental Oll > by Union Pacitic -—.. ~ 12 United Reta Stores —_-____ 718 U. 8. Ind. Alcohol 46% United States Rubber 41 United States Steel -—....__. Westinghouse Etectric --__.. Willys Overland --. — American Zinc, Lead and Sm. Standard Oil Stocks NEW YORK CURB Open Close Anglo . 15 15% age - 85% .86 Continental - ____ (35 '35% Cumberlana - — 1.03 1.05 CAMO Le ota teercene 1 OG. 1.08 LWA geet Scale indians . ——.____...-. Wat. Tran ——--.-___.. .23% N, ¥. Tran 1.00 Nor. Pipe 1.04 oO} oll Salar Ret, -—________1.78 Sou. Pipe =.95 S. O. Kan. - 41 8. O. Ky, —— a 94 8 O. Neb, Crude Market Cat Creek —W2 $5, Lance Creek 1.70 Osage --. ———-———-- 1.70 Grass Creek .. 1.70 Torchlight .. —————--————- 1.70 DE PRG ecnmnnnen 1640 Greybull eee) Rork Cre Se f 1.25 |" 1.25 Hamilton 1.36 Mule Creek Boy BSunbur# -. 80 Money NEW YORK, July 27.—Call money, steady; high, 6; low, 6; ruling rate, 5; closing bid, 6; offered at 6%; last loan, 5; call loans against ascept- ances, 4%; time loans, firm; mixed collateral, 60-90 days, 6@5%; 46 months, 6@5%; prime commercial paper, 6@5% = Cotton NEW YORK. July 27,--Cotton, ‘spot, “qiflet; ‘middling, Lusk Royalty ----.-. .01 04 Marine —_. 04% 04% Mike Henry --.. 00% O01 Mountain & Gulf -__ 1.20 1.23 New York Cil -_.. 5 Picardy -—-..__.. Qutwest | es Red) Bank 5 04 Royalty & Producers - .05% 07% Sunset 00% .01 Tom Bell Royalty -. 01 01 Western Exploration — 3.30 3.50 Wyo Kans ....-.... .60 70 Western Oll Fields -. .76 80 Western States is 16 0 a: | en | ay New York Ourb Closing Mountain Producers -$ 13.75 $ 13.87 Mammoth Oil --—- 61.75 52.62 Glenrock Of} 70 Salt Creek Pras 16,75 Salt Creek Cons 8.50 New York Oli -. 10.09 Marine -...-______ 4.50 4.62 Prod. and Refra. —— 365.25 36.25 Cosden --.. 88.50 88.50 Mutual -. -- 10.87 10.50 8. O. Indian -—-.._ 54.00 54.37 Cities Service Com. ~ 134.00 1386.00 34s -—. —a-=----$100.81 First 4s a Second 4s 98.18 First 4%s ns | 98.47 Second 4Ks 98.40 Third 4%s 98.88 Fourth 4s 98.43 Livestock Prices. CHICAGO, July 27.—{U. S. Depart- ment of Agriculture.) Hogs—Re celpts, 42,000; around 10c higher on good kinds; little doing on others; bulk 160 to 240 pound averages, $7.50@7.65; top, $7.75; bulk good and choloe 250 to 300 pound butchers, $7,35@7.50; packing sows, iz,ostly 36.10@6.30; strong weight pigs, most- ly $6.50@7.10;. heavy weight hor $7.00@7.1 $7.15@7.75; Ught Mght, packing sows, smooth, $6.00@ packing sows, rough, $5.75@6,01 ing pigs, $6.25@7.26. Cattle—Receipts, 4,000; slow, un- few yearlings and steers of to sell above $10.00; early top; bulk beef steers and yearlings, $7.50@9.50; plain weighty steers, sharply lower than week ago; bulk re- celpts augmented by accumulation from earlier in week; in between grades she stock, very slow; canners and grain fed cows and helfera, fairly active; canners, strong to 160 higher than in most instances; bulls, very largely steady; best bolognas, around $5.25; outlet for vealers rather nar- row; market mostly 500 lower; pack- orn taking best vealers at §10.00@ 10.60; outsiders upward to $11.00; stockers and feeders strong to week's downturn. Sheep—Receipts, 18,000; fairly ac tive; fat native lambs, $12.00@12 generally steady; sorting considered; others and sheep, steady; four doubles fat western lambs, sorted 25 per cent, $12.65; feeders off these, $12.75; cull native, $8.00@8. Montana feeding earlings, $10.00; ts.t0: medium and handy ewes, $5.00@6,50; heavies, 4.25; Ught welght upward to $7.00. kill- Omaha Quotations. OMAHA, Neb., July 27.—(U. 8. De- partment of Agriculture.)—Hogs—Re ceipts, 10,000; butchers to shippers active, 15@250 higher; bulk 200 to 825 pound butchers, $7.00@7.25; top, $7.35; mixed and packing srades slow, strong to 150 higher; bulk mixed loads carrying packers and lights, $6.25@6.85; packing sows, $5.90@6.25. Cattle—Receipts, 1,300; all classes generally steady; top steers, $10.’ bulk steers, $8,25@8.50; bologna bu! mostly $4.75@5.00; stockers and feed: ers, slow. Bheep—Recelpts, 4,000; all classes steady; best western fat lambs held at $12.25; fed clipped lambs, $11.85; sheep and feeders, scarce. Denver Prices. DENVER. Colo., July 27.—Cattle—— Receipts, 182; market steady; beef steers, $6.50@11.00; cows and hetfers, $3,00@7.00; catves, $4,0009.00; stock- ors and feeders, $4.00 7.25. Hoge—Rece!pts, 101; market 10 to 1S higher; top, $7.50; market steady; lamba, @1 lambs, $10.00@ 10.50; ewes, —_— Potatoes CHICAGO, Juty 27. — Potatoes, stronger; recetpts, 42 cars; total U, 8. Kansas sacked Cob- blers, , $2.15@2.25. ewt.; small and field run, $1.05 cwt; Kansas sacked Early Obios, partly graded, $1.75@2.00 ewt.; Virginia barrel Cob- blers, mostly $5.5 —_ —_ Flax Seed. DULUTH, Minn,, Jul Closing flaxi»Julye.$2,68;.. September, $2.37 October, $2.25%; November, $2.28. | medium, $7.35@7.75; light, 0’ \ Dulk, $7.40@ 1) and nearby delivery, $6.25@8.30. feeder : 100600. Disappearance ASED; STOCK PRICES GIVEN SETBACK Short Selling In Late Trading Causes Sharp Decline In Market NEW YORK, July 27—Profession- al speculators for the decline forced ® material recession in prices in to- Gay's more active stock market. Re- ports that several ofl companies were nh need of temporary financing and the unfavorable foreign situation in- spired_most of the selling, losses of 1 to 3 points being quite common. Sales approximated 750,000 shares. NEW YORK, July 27.—Opening Prices In today’s stock market were heavy. Selling pressure was again apparent in the northwestern rails and a number of standard industrials and specialties, including Baldwin, Studebaker, Sinclair and Marland, all of which yielded fractionally, Beth- lehem Steel advanced nearly a point in reflection of the favorable quar terly earnings statement and United Stetes Steel and Sloss Sheffield ad vanced in sympathy. Northwestern rails continued weak, Great Northern, preferred, and North- ern Pacific each dropping more than @ point to new low records for the year, American Express off 2%, also touched a new low. Standard O!] of California and Reynolds Spring each yielded about a point. Schultz Stores advanced 1%. The coppers were firm. Foreign exchanges opened heavy, German marks touching a new low, for all time at .000093 cent, or 1,007,- 527 to the dollar. Selling for both accounts asumed larger proportions during the morn- ing and the general list weakened with the rails and olls showing the larg- est losses. Great Northern preferred and North Pacific each extended their losses to nearly two points and Texas Company, Canadian Pacific, Reading common and first preferred, Chicago and Northwestern, St. Louis Southwestern preferred, Chesayeake and Ohio and Wheeling and Lake Brie preferred dropped 1 to 1%. West- ern Union broke 3% points, United Fruit 8 and Foundation company 2%, while Baldwin, May Department Stores and Marland Oil were de pressed 1% to 2 points, Call money opened at 5 per cent. Liquidation became more general in the early afternoon and early loss wel materially extended. Some of the rails, oils and automotive shares sold nearly three points below yosterday’s closing. Steels yielded 1 to 1% and a number of other indus trial specials were down a point or more. ‘The closing was weak. Short inter- ests launched another attack on the ist in the late dealings and prices broke sharply in all quarters. More than a score of stocks, including the United States Steel, dropped to new low records for the year. oo . | Foreign Exchange | NE WYORK, July 27.—¥Foreign ex: changes irregular. Quotations in cents: Great Britain, demand, 4.58 15-16; cables, 4.59 1-16; 60-day bills on banks, 4.66%. France, de- mand, cables, 5.91%, Italy, de- demand, many, demand, .000105; cabl Holland, demand, 39.40%; 39.48%. Norway, demand, Sweden, demand, 26.63. Denmark, de- mand, 17.93. Switzerland, demand, 17.85. Spain, demand, 14.29. Greeoe, demand, 2.15. Poland, demand, 0005%. Czecho-Slovakia, demand, 2.98. Austria, demand, .0014%. Rou- mania, demand, .52. Argentine, de mand, 34.00. Brazil, demand, 10.45. Montreal, 97%. @ —_—_————e | Sugar NEW YORK, July 27.—Business in refined sugar continues of limited proportions at $8.30 to $8.75 for fine granulated. Refined futures were nominal. Sugar futures closed ea approximat: 22,000 tons; Sep- tember, $4.7 $4.26; March, $3.36; May, Metals NEW YORK, July 27-—Copper— Steady; electrolytic, spot and futures, 14% @14%e. Tin—Firm; spot and nearby, $88.70 to $39.00; futures, $38.87@3 } prices unchanged. Zino—Firm; Louls spot Antimony—Spot, $7.35@7.40, ———— Of Communist Holds Mystery | PARIS, July 2%7.—Dr. Georges Levy, communist member of the chamber of deputies, representing one of the constituencies ‘of the city of Lyons, has strangely disappeared saya the Matin He was returning from Moscow an on Jul 17 ar peared at the er ¢ of the Ke bridge. opposite Strasbourg, one, end of which is under ¥ ts He was without papers of any sort, VIRE SLIGHT GAINS Closing Quotations Today Show Fractional Increase Over Opening CHICAGO, July 27.—Influenced by Mberal receipts here, favorable weath er northwest and by weakness of do ferret deliveries at Liverpool, wheat underwent a moderate sag in price today during the early dealings. Be: sides, the market was bdearishly af fected by a downturn of values tn the corn market. Later, however, reports of rust danger in Canada brought about a ray. The opening, which ranged from %0 to %o lower, with September 98Ko to 970 and Decem ber $1 to $1.00%, was followed by a slight further sethack and then an upturn to about yesterday's finish. Subsequently, moferate gains in price were scorwi, result mainly of estimates that the Dakotas and Min nesota would harvest 10,000,000 bushels less than was indicated by the government's July report. The price gains, though, failed to last and the close was unsettled, %c net low: er to %c advanea September 97%{c and December $1.00% to $1.00% Rains benefiting the new corn crop led to Ceclines in the price of corn After opening %4c to tc mtember 77c to 77%o the corn market declined a little further and then recovered. In the late dealings, bears contin ued to have an ndventage the market being mostly a weather affair. Prices closed unsettled, 1c net lower to 1i%c advance, September 77% to 77%Xc. Oats started %c off to %e up, Sep tember 35%4c to 35%c and later con- tinued easy. Lower quotations on hogs weak- ened the provision market. Wheat— Open High Low Close July -. 87% 98% 97% 197% Sept. --. .06% 98% .96% .97% Dec, -——— 1.00 1.01% 1.00 1.00% Corn— 87% 7% BT 81% 7 ITM TOM TT 68% .64 68% 63% 41% 41% 41% 41% Sept. —- .35% .35% .35 85% 36% 37 10.80 10.80 10.90 10.90 $45 8.45 —-- 8.37 Cash Grains and Provisions. CHICAGO, July 27.—Wheat—No, 2 red, 97% @98c; No. 2 hard, 97%@ 98%%c. Corn—No. 2 mixed, 8c; No. 2 yel- low, 89%c. Oats—No. 1 white, 42% @44%e; No. white, 41% @42%c. Ryo—None. Barley—67c. Timothy seed—$5.50@6.50. Clover seed—$15,00@17.50. Pork—Nominal. Lard—$10.65. Ribs—$8.25@9.00. THREE DIE IN AUTO WRECKS DENVER, Colo., July 27.--Death of . | J. Williams, Denver negro, who wus killed when the automobile tn which he was riding turned over in a ditch near Fort Lupton, Colo, at 3:30 Fclock this morning, breught the list of fatalties in inotor accidents: in Colo- rado within the last 24 hours up to three, Phyllis Head, 10, danghter of D. It Head, Denver, -vas crushed to death by & motor truck as she was playing in @ street yesterday. ©. C. McGinnis, Wray, Colo., ranch: was Killed by a Burlington train struck his automobile neur iter and grand CASPER WILL BE TULSA OF WEST (Continued from Page One.) though they are of course the asset most often spoken of and thought of in connection with Casper. Casper will get the full support of the great Milwaukee aystem, and in this way such activities as agriculture, whole sale groceries, ranch supplies, the de- velopment of mineral resources and many other businesses which make tor prosperity and, permanency will be brought about. Mr. Calkins {s a man who himself has traveled western country in the old days, on foot, via ox-team and on horseback, He first came to Casper before it ever had a railroad, and he knows the weet as intimately as do) few men in high positions. He has been in the live stock business, and has been connected for the past forty years with nearly every business ac:| tivity in which the Milwaukee has participated, | “Naturally,” Mr. Calkins continued, “we want to do everything possible for the development of Casper and the almost unseratched potentialities of Wyoming in general. ‘The policy of the Milwaukee is to strive—and I think we have succeeded in the past to get the good will of the com munities we serve. ONLY THROUGH ICCHSS CAN WE sUC sometimes hear merchants railroaa tah t of a town, exploits it rear main clyic trunk and dragging out . ; : he Casper Daily Cripurs PAGE SEVEN. «= Grains -:- Livestock -:- All Markets Czechoslovak Rep. &s ctfs - 93% «93% Dominion of Cannda, 5s, 1952 99% 99 99% French Republic, 7%s - 95% 9% 95% Japanese, Kingdom of Norway, Republic of Chile, 8s, U.K. of G American American Smelting, 65 Sugar, 6s - American Tel. and Te American Tel. and Tel. Anaconda Copper, Anaconda Copper At. T. and San Fo Baltimore and Ohio cv., 418 Bethlehem Steel con 6s, Series A Canadian Pacific deb. 49 .. Chicago, Burlington and Quincy ref. Chicago, Milwaukee St, Paul cy, Chile Copper 6s __ 100% 99% Goodyear Tire, &s, 116 116 Great Northern 7s, 108% 108 Montana Power, 5s A 95% OB Northern Pacifio ref., 108 107M Northwestern Bell Tel. 7s - 107% 107% Pacific Gas and Electric, 90% 90% Penn. R. R. Gen 5 100% 109% Sinclair Con. Of 97 6% Southern Pacific ae Union Pacific first 4# - 92% 92 U. 8. Rubber 5s -—. 86% 86 Utah Power and Light 88 87% Western Union 6 109% 1098 Westinghouse Elec 107% 107% Wilson and» Comp: 87% 8Tle 87%y its life. Nothing could be further! route of the new North and South from the real truth than that. I will| railroad, and that weather permitting, Promise this: that under ordinary| Casper would bs permanently tied’ to circumstances a rafiroad will bring} Salt Creek by ribbons of steel some into a town $3 for every $1 it takes| time in Septemby out. That will be true in the case of Tete, UNDER ARREST of what a railroad can do for a town,| or a city. To my personal knowledge| Reliance, 8. D., was as dead as King} Tut-ankh-Amen before the Milwaukee developed the field. It was a barren, desolated land, good for nothing much apparently but stock grazing, and its impoverished inhabitants used to dix water holes for the stock. It was quite as unproductive as thousands of| (Continued trom Page One) Wyoming's arid acres. Today Re-| fatal shooting that friendly sheepher- lance {a prosperous and progres-|@era and others connected with the sive Ittle city, and the surrounding] business have aided Taylar in keep- country {s acre upon acre of waving|!"S Out of the hands of the authori- wheat and productive farm land. peor Haat de ae pase Mico Mr, Calkins sees a wonderful de-|erioq, ‘What credence can be siven velopment already in Casper. He was!tiis in fact of the fact that he was here six months ago, and expressed| traveling through Casper to Arminto himself as both amazed and delighted] yesterday afternoon is still a ques. with the way in which the city hasition, ‘The train ia forced to stop grown and developed in even that! ,rminto at the present time because short time. c@ washouts further up the line and He added that more than 85 per/it is thought probable that the fusi- cent of the grading had already been|tive did not intend to get off at that completed on __ the. Ooh attractive ap- pearance adds refine- ment to every car equipped stantly deliver complete satisfaction, AJAX CORD, ROAD KING, PARAGON East Side Garage, First and Park Streets, Casper. Midwest Service Station, 240 South Wolcott Street, Casper F. E, Hanks, 425 West Yellowstone, Casper. Wyoming Oldsmobile Company, 454 East Yellowstone, Ca Casper Buick Co., 132 North Wolcott St., Ca Uneeda Tire Company, 522 East Yellowstone, Casper Patterson Oakland Co., 540 East Yellowstone Ave. The Lavoye Tire Exchange, Lavoye. ANNOUNCING SPECIAL MEETING —OF— All Stockholders —OF THE— ANNA-BELLE WYOMING OIL COMPANY TO BE HELD July 27th at 7:30 p. m. BASEMENT HALL, UNION LABOR TEMPLE 320 North Wolcott epria ws} ik