Casper Daily Tribune Newspaper, August 6, 1923, Page 5

Naru, BY NW% FIELD PRODUCTION TEST IS NEARING END Potential Developed Production of 200,000 Barrels in Salt Creek as Indicated by Test Will Increase Crude Oil Acceptances Final figures on the potential developed production of the Salt Creek field will be available wit! in a week with the completion of the test for the third zone of the district. Tests of two of the three zones into which the field was di- vided have been finished and it only remains to establish the potential production of the third to equalize crude accept- ances from all producers and fix the percentage of production which is to be accepted in the future ‘With the test two-thirds completed all indications point to the percentage of acceptances being placed at between 50 and 60 per cent, an increase over the amount being taken from the wells before the test was started. Runs from the second zone approxi- mated 66,000 barrels dafly, about the same 4s the total from the first zone, and if the third zone keens within this figure the total potential out- put of the field will be around the 200,000-barre! mark, Pipelines will be able to handle half of this amount. “Marine Producer in Salt Creek Field Is Given Shot Marine Oil company’s Taylor No. 8 on section 20-39-78 of the Salt Creek field 1s cleaning out and producing about 47 barrels of crude daily after being shot with 80 quarts of nitro- glycerine. Marine No. 5 on section 17-89-78 is producing 70 barrels and is now cleaning out to the bottom of the hole at 2,714 feet, Marine No. 4 on the same section is down 1,830 feet and Marine No. 6 is getting ready to spud in, ‘Well No. 1 on section 8-89-78 is at 235 feet through the Shannon sand and 10-inch casing has been cemented. Oil and Gas Prospectors Leases on State Lands The following off and gas pros- pectors’ leases on stats lands are an- nounced by C. W. McWhinnie, land commissioner: i Roy Sayler, Casper, Ora DeLorea K section 16-21-81. Adleen Brown, Casper, all of sec- tion 16-22-80. Tom Gorton, Rawlins, all of section 36-19-88. ser, Casper, all of ‘W. E. Lay, Casper, all of section 16-33-91. Jay G. Wanner, Green Rtver, all of section 16-12-10, Kasoming Oil Co., Cheyenne, all of section 36-26-89. Don B. Sullivan, Casper, all of nec- tion 16-34-91 section 16-26-87. Chas. A. Fulton, Buffalo, Section 30-49-82. Market Gossip and Briefs On Operations in Oil Fields Exchanges A NEW YORK, Aug. 6—The New York stock, cotton and other finan- cial and commodity exchanges here announced today that they would be closed next Friday, the day of Presi- dent Harding's funeral. Fort Collins Test. The Union O!l company well near Collins is reported to be drill- J tng Mightly below 3,400 fest, at which point the 8%-inch casing was set. What is called a stray sand is ex- are three structures in a group near Fort Collins. The one being drilled is known as the Weil- ington dome. The sand series under- lying this area is comparable to the Fox Hills series. The drill must pene- trate the Mesa Verde strata, said to be the upper part of the Pierre shal The Union Ot] company expects to pass through the lower Pierre, Nio brara and Benton shalei In the lower part of the Pierre series, which are productive at Boulder, it is ex- pected to test the Frontier sands in the upper part of the Benton. The| Frontier series is the one that {fs so vroductive in Salt Creek and Grass Creek, The Wellington test im also expect- ed to prospect the Muddy horizon which has been found profitable in Rock Creek and Lance Creek, Preparations have been made to go to 5,000 feet if necessary. Dutton Basin Test. ‘The Texas company has agreed to put down a test well on the Dutton Basin structure west of Casper in Fremont county, Wyo. About 10,000 acres had been secured by the Roland Of1 company with which the Texas company made the contract for the exploration work. The drilling is not expected to be deep and finding of] hinges on the fault closure theory. Both oil and gas have been discovered in is neighborhood in the past but the well about to be put down will explore a new portion of the structure. The Texas company has also taken over for completion a well in the San Juan river basin of Utah, which was started by the Union Oil company of Utah. New Fargo Well Largest in South Casper Creek Field Well No. 23 of the Fargo Oil com: pany on section 3-33-83, south Casper Creek is completed 173 feet in the Tensleep sand at 2504 fect and appears to be the largest in the field, due no doubt to its location on the apex of the structure. This {s the fourth big well of the company completed in this field during the summer and four more will be drilled during the cam paign of this season, The tools are now being moved to No. 26 which will be spudded in as soon as rigging up is complete. No. 24 in at!M tied up with a fishing Metals NEW YORK, Aug. easy; electrolytic, 4% @14 he. Tin, steady; spot and nearby $38.1 futures, $38.12, Iron, steady; No. 1 northern, $26.00 @27.00; No. 2 northern, $25.00@26.00; No. 2 southern, $24.00@27.00. Lead, stehdy; spot, $6.50. Zine, easy; East St. Loule spot and nearby delivery, $6.15. Antimony, spot, $7.70@7.80. a 6.—Copper, spot and futures, Silver Job for an underreamer at 695 feet No. 27 {s on top the Tensleep sand at 2338 fest. Running of casing should be completed today and drill- ing in will be started tomorrow. The midway pumping station of the pipeline is nearly complete and rapid progress in obtaining on the erection of the field plant. A test of the line with gas from the company's wells in Polson Spider will be made tomorrow so that everything may be in readiness to start running of] within the next 10 days. Ofl is now running into the field storage. Money NEW YORK, Aug. 6.—Call money, firm; high, 5; low, 4%; ruling rate, 4%; closing bid, 5; offered at 6%; last loan, 5; call loans against accept- ances, 4; time loans, firm; mixed col- lateral, 6000 days, 5%; 4-6 months, 5%; prime commercial paper, 5@5%. ae Cotton NEW YORK, Aug. 6.—Cotton, apot, steady; middlin, 00. Flax Seed. DULUTH, Minn., Aug. 6.—Closing flax: September, $2.4314; October, NEW YORK, Aug. 6.—Bar silver,| $2.8514; November, $2.32%; December. 62%0; Mexican dollars, 47Ko. | $2.80, Bonds -:- New, York Stocks Allied Chemical & Dye —--... 63 American Can ..-.-._____. 87% Car and Foundry -.155% B American American International Corp -- 18 American Locomotive ..-.---- 53% American Smelting & Refg. — 66 —-- 59% 122% ‘Tobacco 145% Woolen 84% Anaconda Copper -----———- ited Au, Gulf and West Indies -_._13%4 Baléwin Locomotive 113 Baltfmore and Ohio -——_-__.. Bethlehem Steel .------__.-_ Caltfornia Petroteum -—-.-__ Canadain Pacific Cerro de Pasco Copper Chandler Motors - jesapeake and Ol hicago and Northwestern . Chicago, Mil and St. Paul pfd._ 25% Chicago, R. I. and Pac. -----.. 20 Chile Copper Se |) Chino Copper a —ae- 17% Consolidated Gas ---..-...... 60% Corn Producte --..---—------- Cosden Oil -.--..-—. --- 382 Cructble Steel --—-—-..-.. 61 Cuba Cane Cugar pf@ _.-... 36% Birigetns wo sae 18 Famous Players eT Cj General Asphalt ~—-.—-._ 26% General Motors -————------. Great Northern pfa ----——-. og Gulf States Steel --—_-_____. Milinois Central -..--.—..--- Inspiration Copper -. International Harvester Int. Mer . Marine pfa -. International Paper aenn- 81% Invincible Of]. -..-------—-—-- 9% Kelly Springfield Tire - Kennecott Copper lima Locomotive — Loulsville and Nashville -----85% B Mneck Truck -—-—-—-----—.._ 72% Marland Otl 29% Maxwell! Motors Middle States Oil Missour! Kan and Tex., new -. Dr. W. R. Dougan, Casper, all of 8% of Missourl Pacific pfd. New York Central ——---_-— N. Y. N. H., and Hartford -.. 12 Norfolk 4 Western ~~... 101% Northern flo ann ne BSH Pacific Oil . Pan American Petroleum Pennsylvania Peopfe's Gag -—---~---——-—--! Producers and Refiners .—.... Pure Oil --.-.-. Reading Republic {Iron and Steel Sears Roebuck Sinclair Con Oil Southern Pacific . Southern Railway ~—-.----—. Standard Oi! of N. J. .. Stucebaker Corporation Texas Co. -~----—-—---——— Texas and Pacific -—-—-—--- T ‘ohaceo Products Transodntinental Oil Union Pacific .—. ot United Retail Stores ---—-..... U. 8. Ind, Alcohol -----—....- United States Rubber — United States Steal ----—. Bem Utah Copper .-------— 58% B Westinghouse Electric - 66 Willys Overland = a% American Zinuc Lend and 8m.. 9 Butte and Superior -- - 192% Colorado Fuel and Iron Montana Power -. National Lead Shattuck Arizona -~......-.--.. 514 B a me Standard Oil Stocks Open Close (oY Ee, s § 14% Buckeye ---——------- 85 86 Continental ---._.__. 83% 33% Cumberland -———--__ 105 107 58 59 159 97 Prairie Oil Prairie Pipe annas Cat Creek Torchlight Etk Bazin Greybull Foreign Exchange NEW YORK, Aug. 6.—Foreign ex- changes easy. Quotations in cents: Great Britain, demand, 4.56 cables, 4.56 11-16; ki 4. cables, . Germany, -060052; cables, .000054. Holland, de- mand, 39.30; cables, 39.33. Norway, demand, 16.20. Sweden, demand, 26.60. Denmark, demand, 18.10. Switzerland, demand, 17.97. Spain, demand, 14.12. Greece, demand, 1.77. Poland, demand, .0004%. Czecho- Slovakia, demand, 2.94. Austria, do- mand, .0014%. Roumania, demand, 50% Argentine, demand, 33.75. Brazil, demand, 10.35. Montreal, OTM. Stocks Columbine ae p Capitol Pete -.-...--- .00% 00% Consolidated Royalty. 1.17 119 Cow Gulch 0. .0L 103 Domino 13 04 5.00 45 62 08 03 20 os 2T Lance Creek Royalty. .01 03 Lusk Royalty Marine -..~.. Mike Henry — Mountain & G Tom Bel] Royalty (Western Exploration... 3.2! “70 7 10 80 4 16 09 a New Work Curb Ci Mountain Proctucera -$ 3.25 Mammoth On Glenrock Ol Salt Creek Pras. Salt Creek Cons New York 0: G Fourth 4%e ——-______ aaa Livestock CHICAGO, Aug. 6—(U. S. Depart- ment of Agricwture.—Hogs rece!pts 60,000; good kind strong to 10c¢ higher, others slow; good and choice 160 to 240 pound averages 7.80@7.95; top sorted light 8.00; few desirable 250 to little; took lic lower; heavy we 7.70; 8.00; medium 1.25@7.95; light 7.00@ light Nght 6.75 @7.75; rough 5.50@5.75; Killing pigs 6.25@ 7.25. Cattle.—Recetpts 20,000; better grade most killing classes steady to strong; spots higher on desirable yearlings; killing quality fair; in between grades steady; top matured steers 11.75; some held higher; numerous loads 10.25@ 11.65; best long yeartings 11.50; re- celpts include forty loads straight westerns unsold at this hour; vealers steady to packers at 11.00@11.50; out: siders hand picking upward to 13.00; bulls steady to strong; stockers and feeders steady; bulk bologna bulls 4.00@4.50; canners and cutters 2.75@ 3.50. Sheep.—Recelpts 18,000; fat lambs strong to 200 higher; others and sheep generally steady; bulk good and choice western lambs 12.40@12.60; top to city butchers and shippers 12.70; most de- sirable natlyes 11.75@12.00; culls mostly 8.50@9.00; few yearling ewes 10.00; half deck medium to good 93 pound ewes 6.50; few medium to good aged wethers 7,50; feeding lambs early top 12,50, Omaha Quotations, OMAHA, Neb., Aug. 6—(U. 8. De- partment of Agriculture.)\—Hogs—Re- ceipts, 9,000; 2.700 holdover; slow, steady to 15c lower; few early sales to shippers, steady to strong; packers bidding 15@25c lower: bulk 200 to 300 pound butchers, $6.90@7.25; top, $7.50; bulk mixed loads carrying packing sows and lights, $6.25@6.75. Cattle—Receipts, 9,000; choice and prime fed steers and yearlings, 10@ 16c higher; spots up more; in between grades ady; top matured steers, $11.65; bulk fed steers, $8.50@10.50; fed she killing stocks, steady; grai ers, dull, weak; bulk grass cows and heifers, $4.00@ ; ary lot cows and ‘heifers on up to $9.80; veals, steady: bulls, steady; bulk bologna, @ 5.00; stockers and feeders, strong to lfc higher; choice fleshy feeders, $8.85, Sheep—Receipts, 7,500; few early sales lambs and sheep, stendy; early top fat western lambs, $12.25; nat!ves, $11.50@11.75; ewes top, $6.75; feeders, strong; early sales feeding lambs, $12,10@12.25. Denver Prices. DENVER, Colo., Aug, 6.—(U. 8. De- partment of Agriculture.)}—Hogs—Re- celpts, 1,500; market active, steady, 10¢ higher; top, $7.60: choice medium weight best lights, $7.55; few $7.10@ 7.48; bulk, $7.45@7.60; packer sows, steady; better grades, $6.0006.25; Plain, $5.50 0; pigs, steady, few stockers, $5.75. Cattle—Receipts, 1,500; calves, $2.00; calves, slow, around steady; plain to choice, $6.00@8.50; other clanses, fully steady; desirable grass cows, $5.00@ 5.25; plainer kind, $3.50@4.50; grass fairly good grass canners and cut- ters, . desirable bologna bulls, $4.00; stockers and feeders, dull, steady to weak. Sheep—Receipts, 250; one bunch drive in 70 pounds shorn, $10.00; steady; nothing else on sale; best woo! lambs quotable up to $11.78; better grade ewes quoted $5.75@6.25, @he Casper Dailp* Cribune mixed around 10 to ight hogs 7.00@ packing sows, smooth 575@6.30; packing sows s- Grains -:- Livestock - eS | STOCKS SCORE (WHEAT PRICES GENERAL GRINS! ARE UNGHANGER Hea’ Selling of Western Rails and Specialties Only Exceptions NEW YORK, Aug. 6.—Stack prices with the exception of a few western rails and specialties, moved to higher ground on a relatively small volume of sales in today's market. The up- ward movement was construed as an expression of confidence in the new Washington administration. Sales ap proximated 500,000 shares. NEW YORK, Aug. 6—Irregular price movements took place at the opening of today’s stock market with the main trend upward. Good buy- ing was noted in the steels, equip. monta and other standard industrias! Baldwin and American Locomotives each rising a point and Gulf States Steel 1%. Chicago and Eastern I'li- nois dropped two points to a new low for the year. ‘The general list strengthened as trading progressed with some heavi- ness noted in the Chemicals, rubbers and a few of the western rails, not- ably Omaha and Frisco preferred, which were off ene and one half re spectively, to new lows for the year. American Can, United States Steel and Studebaker each extended their gains to more than @ point. Foreign exchanges opened heavy, German marks breaking to another new low. The general market forged stead! ly upward during the morning with short covering operations comprising a large part of the buying power. There were a few conspicuous weak spots, notably Kresge, off 4%, but they failed to halt the advance in other quarters. The buying was in- fluenced by the confidence expressed by banking and business leaders in the new Washington administration and by reports from steel centers of a marked improvement in orders for to 8 ‘The closing was irregular. Heavy selling of the western raila, particu ‘arly the St. Paul issues, which drop ped to new lows for the year, featured the late Cealings. MARION EXPEGTS 100000 PEOPLE FOR LAST RITES Souvenir Hunters Show Up; Public Is Barred From Many Points. MARION, Ohio., Aug. 6—(By The Associated Press—Upwards of 100,- 000 people are expected to fill this city to the polnt of overflowing, Friday when last rites will be accorded the late president Harding. To handle CHICAGO, Au Butter, higher; > Pt ° the anticipated throng, orders have| creamery extras, 42c; standards, 42c; day’s paper will be a list of how the can- in issue by Stat Ad . 40@4ic; firsts, 38@39c; . : . futant General Henaerwon for’ the} seconds, ae@ate, oll didates are standing. Turn in all your votes mobilization of 3,000 soldiers of the United States reserve forces of Ohio. Hundreds of persans motored to Marion yesterday and early in the afternoon Company D of Marion was mobilized the men being stationed at points of Harding interests after sou venir hunters became numerous that such a move was deemed advis- to prevent destruction of prop: erty. No one will be permitted near the home of Dr. George T. Harding Sr. where the funeral of the late chief executive will be held, the Harding homestead in Mount Vernon avenue, the "front porch’ house, or the Hard. ing burial grounds. Dr. George T. Harding, Jr., brother of the late President, and Dr. Carl W Sawyer, son of Brig. General C E. Sawyer, left here last night for Chi- cago, where they expect to learn something of the wishes of Mrs, Hard- ing in reference to funeral and burial, arrangements here. Dr. Sawyer is ex- pected to leave the train in Northern Ohio and return to carry out arrange- ments desired by Mrs, Harding. | It is the hope of Doctors Sawyer and Harding that Mrs. Harding will con- sent to have the body of the president taken to the Marion county court house when !t arrives here Thursday to Ie in state from 10 a. m. to 4 p. m.! Then it will be removed to the home of the late President's father where funeral services will be held Friday. ‘The funeral cortege on its way to the| cemetery will the Marion Star office, the newspaper which President Harding recently disposed of, and through the two main streets which will be lined with troops. | ieee. OAKLAND.—Five persons were killed and another seriously injured when the automobjle in which they were riding collided with a train between Hayward and Mount Eden. Closing Unsettled After Re- action From Early Strength limited and demand wheat showed an upward tendency in price today during the early dealings. It was generally conceded that to a conaiderah’e discounted bearish factors. tention also was given to statements that wheat supplies east of the Rock fes are virtually on a domestic basis. The opening which varied from un changed figures to ‘half cent lower, with September December 1.00% lowed by a moderate general advance cline to %c advance with September 96%0 to 96%c and December §1.00%% to $1.00%. good crop of corn this year unless damaged by frost took place brought about something of a decline in the value of corn, to %ac gain, September .76% to .76%, the corn market steadied at about %4c general setback. pers and industries tended to make the firm, The market closed un ic to %ec net lower, September 76%c to 76i%ge. wheat, opening % to % up, September -85% and later holding near to the initial range. hog values. Wheat— Open High Low Close delivery. Woolworth was pushed] Sept. - .96% .97% .96% .96% | frozen snow, breast high, was now the up 4% points and Baldwin and Amer-| Dec. -——- 1.00% 1.00% 1.00% 1.00% only barrier to the summit. tean Locomotive, American Car.,| May --—--- 1.05% 1.05% 1.05% 1.05% ‘The leader clambered up, and I was Crucible Steel, Studebaker and Mack} Corn— Bese OE pa aes ‘With ettort I ‘Truck were among the score or moré| Sept. -__.76% .77% the cornice broke. ‘The leader, wetah. issues to register gains of 2 to 242) Dec. —_ 62% .68% . 25 ce broke, ‘The leader, watch- polnts before noon. Call money opened} May 64% 64% 64% .64%4 | INS. Was Praced for the shock, and the he , at 4% per cent. Oate— pe held. © cornice breaking ‘SUGAR f Sept. 95% 35% .85 .35 | into many pieces went rolling down ‘i Aaah srnraamen aes 37% 37.37% | the slope, and was lost in the crev- Substitutes on a diminishing scale in the after- 39% 89% asses below. When I had regained . Id. Ss ti. Fi noon, but the trend gontinued stead- my feet, and my composure, and had Seldom Satis: 7] lly upward. Sugar tesues were in gen- 10.60 10.65 | D8¢M partially pulled to the top, I sat eral good demand and rose two to 30.72 10.77 | 0" the flattest place X could tind and HEN a fellow offers three points, while Union Pacific, To-| Rins— looked at the traioreilecting mean- siettn place of geantas Earevar bacco Products A, American Zinz pre-| sept. 8.00 | While on the danger of climbing gia- Pets My. ocipmee poche yes ferred and DuPont were also lifted 2] Oct, _ 802 | clers."—C.W.w. — red, $1.00. 2 yellow, 86% @87%c. 8 white, 35@390, steady; receipts, 143 cars; total U. 8. shipments, 440; Kansas and Missouri | sacked Cobblers, U. 8. No. 1, $1.90@ 2.18 ewt; Kansas sacked Early Ohios, uw graded, dirty, sales on barrels. firsts, 25@25%c; ordinary firsts, 23@ 23%e; storage pack firsts, proximate gales, 16,000 tons. ber, 8 - All Markets Czechoslovak Rep. 88 ctfs -—. Danish Murtetpal 8s A — Déminion of Canada, 5s, 1952 French Republic 74s Japanese 4s -_._____ Kingdom of, Relgtuer Sa CHICAGO, Aug. It erings ingdoem o: forway, 63 -—. en a Mg | a Ube ite Republic of Chile &s, 1946 -.—. U.K. of G, B. & 1, 544s, 153 Railway & Miscellaneous in Chicago American Smelting 5s American Sugar 6s -- American Telephone and Telegraph cv., American Telephone and Telegraph col tr., Anaconda Copper 7s, Anaconda Copper 83, At. T. and San Fe, “* Baltimore and Ohio eyv., Bethlehem Steel con 68, Canadian Pacific deb., 4s 4, Chicago Burlington and Quincy ref., Chicago Mil. and St, Paul cv., 448 Chile Copper, 6s - extent low prices had Some at 86% to 97%, and to 1.00%, was fol Subsequently, gossip about re-sell-|Goodyear Tire &#, 1941 — 116 115% 11546 ing by exporters, together with a big|Great Northern 7s A 108-1074 107% increase of the ddmestic visihle sup-|Northern Pacific ref., 6s B 107% 108% 107% ply total, eased the market somewhat | Northwestern Bell Tel., 7 107% 107% 107% | The clos was unsettled at ie net do.| Pacific Gas and Electric ba — 90% 90% 908% Penn, R. R. gen., 6s Sinclair Con Ol col 7s Southern Pacifio cv., 48 — Union Pacific First 4s U. 8. Rubber 6a -..... Utah Power and Light 6s Western Union 6%s -__ Westinghouse Electric 7s — Wilson and Company cv., 6s — BEST THRILL STORY TODAY “Cc. W. W." wins today's tickets to the America theater as result of having furnished a thrill story of an ascent up Mount Hood.—Thrill.a-Day Editor. “Roped together, step by step, for a thousand fect we had cut our way! in the glacier ice, A cornice of Rains which seemed to assure a After opening at 1c off of entertainers at the Arkeon dancing academy and is going over big at that amusement house, Miles has not only & wonderful voice but the pep with which he puts across his numbers forms a large part of his ability aa an entertainer. The beauty contest at the Arkeon is progressing with a gregt deal of interest being demonstrated. A lst of the candidates with the number of votes they have secured will be pub Ushed this week. reat bek nasa ie Try a Tribune Classified Ad Good buying on the part of ship- September delivery relatively tled, Oats were firm in sympathy with Provisions reflected an upturn in ‘Your dealer will admit tr’s the best. Cash Grains and Provisions. CHICAGO, Aug. 6—Wheat—No. 2 98% @09c; No. 2 hard, 98%c@ PANTAGES PERFORMER 15 ENTERTANER AT ARKEON Just off the Pantages circuit, Rich- ard Miles has been added to the list Corn—No. 2 mixed, 86@86%c; No. Oats—No. 2 white, 35% @40c; No. Rye—No. 2, 64@66c. Barley—53@63c. ‘Timothy seed—$4.75@5.50. Clover seed—$15.00@17,00, Pork—Nominal. Lard—$10.57. Ribs—$7.62@8.50. Potatoes CHICAGO, Aug. 6.—- Potatoes, Dancing Academy Beauty Contest Now in full swing. ‘After the big Rodeo Week we will now get down to the busi- ness of the Beauty Contest. In Wednes- 8S. No. 1, $1.75@1.90 owt; partly $1.60@1.70 cwt; no } Butter and Eggs Eggs, higher; receipts, 18,590 cases; as soon as possible so that they may be counted. storage pack extras, 27%; 26% @26%c. Have you heard Richard Miles, the Pan- tages Star, in the latest song hits? Sugar Sugar futures closed irregular; ap: “Wyoming’s Greatest Amusement Palace” Septem- March, December, $3.42 CIRCUS PARADE TUESDAY AFTERNOON AT 2 O'CLOCK The first one hundred kids at the America theater in some cir- cus costume ready for the parade will be given a free ticket, and for the best make-up a silver dollar. NOW GET THIS Be there with your trick animals, clown make-up, rube make-up, wild man from Borneo make-up or anything that looks like a circus. If you play a wind instrument or drum, bring it along. BUT BE READY AT 1:30 $3.06; $4.36; M