Casper Daily Tribune Newspaper, September 13, 1923, Page 7

ee pra hearer Finance MIDWEST DRILLS IN THREE NEW WELLS Nine-Hundred Barrel Gusher on Wyoming Oil Fields Lease Is Largest of Trio Uncorked in Salt Creek Midwest Refining company drilled in three new wells in the Salt Creek field during the last week, one of which is a 900-barrel producer located on holdings of the Wyom- ing Ofl Fields company in section 26-40-79. It was com- pleted at 1,512 feet. Well No. 6-A of the Wyoming Associated, northwest of section 13-40-79, produced 850) section 86-87-82, depth 990; cleaning barre's during the first 24 hours! out and running 12% inch casing. from a depth of 2,086 feet, and Mid-| Skull Creek No. 1—NW% section west No, 26-AX, southeast of sec-| 16-44-62, depth 8485; drilling. tion 27-40-79, will be ehot at 1,650/ Miguel Creek—No. 1 New Mexico, feet, no test of production having! depth 1914; shut down for repairs. been made, The rig was pulled in| Buffalo Basin—No, 18 8% section while trying to lift the 6% inch cas-| 31-38-99, depth 20; spudding. ing. . Golden Eagts Dome—No. 1 SEK Midwest well No, 11-A, southwest| section 11-4597, depth 517; rigging of section 26-40-79, is running tubing | up. and packer at 1.490 fect after hav- Baxter Basin Field. ing reached production the previous! Well No, 20—SW\ section 10-16- week, and Wyoming Associated No./104, depth 1670; underreaming and 26-AX, southwost of section 26-40-79,| cleaning out. is now swabbing and bailing, ‘The status of wildcat operations gnd drilling of the Midwest in the Baxter Basin and Elk Basin fields follows, Wild Cat Wells, Nefber Dome Test—SW% section | 12%. 18-45-98, depth 2950; drilling. Tip 2—Well No. North Casper Creek—No. 36, SH% drilling qut cement, Wool Growers Meeting in Chicago Winds up Busines CHICAGO, Spet. 13—The three @ays conference of growers and bankers from Mid-Western farm- wool and western range states closea here with a meeting of the directors of the National Wool Warehouse and Storage Company. “No less than 60,000,000 pounds of wool, one fifth of the annual national produc- tion was represented at the confer- ence,” said Matt Staff, president of the Company, “and that amount, more than ever came td Chicago for handling before, may be expected Basin Field. Blk 11—Well No. 2, depth 1800; running 10 inch casing to fish for 1. depth 1870; ‘operative associations in the range- wool states, Mr. Staff said, These associations are expected to apply for long-term credit provided under the agricultural credit dcts of 1923 and to niarket their wool througn the National Wool Warehouse and Storage’ Company association Crude Production Takes | Jump During Last Week NEW YORK, Sept. 18—The daily average gross crude ofl production of the United States increased 18,- 900 barrels for the week ending ember 8, totaling 2,280,700 bar , according to the weekly sum- mary of the American Petroleum institute. The daily average pro- duction east of the Rocky Moun- tains was 1,417,700 barrels, an in- erease of 25,900. California pro- duction was 868,000 barrels, a de- erease of 7,000. Wyoming and (Montana showed a @aily average gross production of 167,000 barrels, an increase of 20,- 350 barrels, Petroleum Exhibit at Fair Reflects Credit on Caspe DOUGLAS, Wyo., Sept. 18—(pe- eial to The Casper Tribune.}—Casper can be well satisfied with its part in the State Fair this year, the repre- sentation in the petroleum exhibit that is showing there for the first time is worthy of a city of much larger size than Casper, Under the direction of Dr. Loy and Frank Taylor and with a col- lection of ofl field equipment, crude |industry to students and this ex- oils from ell the fields and samples perience enables him to state clear- of all the petroleum products manu-|iy to ths audiences at Douglas, just factured in the Casper refineries, |\what the processes are that divide this exhibition easily surpasses any |the crudo ofl into its many by-prod- other single thing in the whole Stato | ucts for the commercial markets of Fair, the world. ‘Tho off business is represented by| pr. Loy carries on # full and com- & chart prepared in Casper and de/ntote distillation jof crude off right picting the whole geological column | at the exhibit and shows by actual of this region. Here Geologist Tay-|qistiliation of the crude just how lor lectures on the different sands ‘the gasoline and other oils are made and other horizons and then takes! trom the field ofls. Special samples his audiences through the processes |o¢ agnhalt and paving material are of actual drilling of wells by means! shown and the methods of laying of @ model drilling machine which) same described minutely. fs in actual operation and shows Besides Dr. Loy in charge and his the work as it is actually done in H the field. ‘The manner of setting |*Ssistant, Prank Taylor, H. B. Car. casing, drilling the Hole and produc: ! ing the of! 1s shown so clearly that even a small child can easily under- stand the different processes. A minature ofl fleld is shown that fs actually pumping oll from the ‘well and then a great exhibit of the refined products !s shown by sam- ples from each cut or division so that anyone can clearly understand all that takes place in the petroleum industry that has placed Casper as the largest city of this State. } The exhibit is due to the efforts of | the Casper Chamber of Commorce and the Midwest Refining company Butter and Eggs officials. ‘Through the co-operation of Mr. Ellison of the Midwest, the Daily average imports of petro- Jeum at principal ports were 250,- 425 barrels, compared with 274,- 714 for the previous week. Mid-Continent crude is being quoted at $1.10 to $2.20 a barrel, according to the gravity of the of} although some purchasing com panies have announced reductions ranging from 100 to 60c, according to the gravity; Pennsylvania crude, Bradford district, Pennsylvania, $3 a barrel and all other Pennsylvania, Pennsylvania grades $2.75 a barrel, and Gulf $1 a barr. and many other firms went out of their way to assist in the work of putting over an exhibit that Casper people can well feel proud of and which ‘is the first petroleum exhibi- tion ever shown in this region. As professor of chemistry at the university at Laramie, Dr. Loy has had considerable experience in show- ing the intricate problems of the oll the Denver office are also in attend- jance at the exhibit. Much credit for this petroleum exhibition !» due to Herb Dally of Midwest and George Jarvis and Charles Stafford of the Casper Chamber of Com- merce, The large chart of tho geological horizons was made by Geologist M. J. Hopkin: } Standard of Indiana camo forward| CHICAGO, Sept. 13.—Butter with contributions of ofl samples| higher; creamery extras 6%: and other material and the Con-| standards, .45; extra firsts .44@ tinental Oil company also supplies 46%; firsts 41@42; seconds .39@40. much of worth. Then the different Eggs higher; receipts 7,544 cases; supply houses of Casper also con-| firsts .31@32%; ordinary firsts .26 tributed in no small manner to the| @, needs of the space, The eee —_ | burgh Rig and Reel and the Of Well Supply company furnished | Flour Prices. | minature rigs and other models of — equipment, the Frick Reld, Con NNEAPOLIS, Minn pt. 1 tinental Supply, National Supply|—flogur unchanged. Bran $27@28.50, New York Stocks Allied Chemical & Dye ...--. 65 American Can -... 23% 162% 18% % 8TH American American Smelting and Refg American Sugar -—. American T. and T. American Tobaced American Woolen -_--.__. Atohinen (23-32 = Atl, Gulf and W, Indies -- Baldwin Locomotive ------ Baltimore and Ohio .. — Bethelehem Steel — Callfornia Petroleum —--.. Canadian Pacific ~... Central Leather —_.-____. Cerro de Pasco Copper -..—. Chandler Motors .. ~~ ------~ Chesapeake and Ohio -—~-.. Chicago and Northwestern .. Chicagzo, Mil and &t. Paul ptd Chicago, R. I. and Pte. -.--. Chile Copper —-..... Chino Copper ---.-~-.----—-= ‘Consolidated Gas Corn Products --. Cosden Oil Crucible Steel ———-- Cuba Cane Sugar pfd. -_-._ Birt ccceceneepecmemmeansesore Famous Players Lasky —.. General Asphalt General Electric General Motors Great Northern pfd. -———_ Gulf States Steel -. Ilinols Central ~-—..-.... Inspiration Copper ex div -. International Harvester ---.. Int. Mer. Marine pfd. -.__ International Paper -. Invnicible Oil Kelly Springfield Tire -—-- Kennecott Copper Lima Locomotive — Loulsville and Nashville -. Mack Truck --.-——~. Marland Oil --..—. nn Northern Pacific Pacific Otl a Pan American Petroleum B - Pennsylvania -—.. People’s Gas ~..----_---__--- Producers and Refiners -—. PUTO ON) eareetenpmeencnccnes Reading -—. ed Republic Tron and Steel --.__. Sear Roebuck ---.-------.. Sinclair Con Off Southern Pacific ~~. Southern Rallway Standard Oil of N. J, Studebaker Corporation --.-. Texas Co, Texas and Pacifio Tobacco Products A Transcontinental Of] -.—--. Union Pacific United Retail Stores -..----. U. 8. Ind. Alcohol Unitea States Rubber ~~... United States Steel —----.... Utah Copper ~~. — Weatinghouse Electric ----- Willys Overland -.. American Zinc, Lead and 8m, Butte and Superior -.-.------ Coldrado Fuel and Iron ---._ Montana Power ex div. ~----. National Lead’ --..----_-.. Shattuck Arizona ~—-----._ Standard Oil Stocks NEW XORE CURB Open Close Anglo —— 14% 15 Buckeye ——---_____. 8283 Continental 8385 Cumberland -.____ 106. 108 CSRS SORES Gay Ulinois - am 155 | 157 Indiana ~~. oan 03 98 Nat. Tran, ------- 23% 24% N. ¥. Tran .-----.... 9§ 90% Nor Pipe ----——---- 101. 103 ‘Ohlo Otl 51% 53% Prairie Of 165-166 97% 1 OF WO aac 8. 0. Ky ——-————-- 98% 19% BNO; Nib eects 980) 50D 8. O. N, Y, --------—---- 36% 87 8. 0. Ohio ~—. —— 275 280 Union Tank -.... 86 88 Vacuum ——--_--.. 44% 46 8. O. Ind Osage -----. Grass Creek Rock Creek Salt Creek —. Big Muddy Hamilton Mule Creek Potatoes CHICAGO, ‘Sept. ‘slightly weaker on white stock, about steady on red stock. Re- celpte 80 cars; total United States shipments 852. Minnesota sackea and bulk sand land and red river 13.—Potatoes Ohios, partly graded 1.25@1.40 ewt.;; ungraded 1.10@1.20 cwt.; Minne- sota sacked round whites partly grades 1.80@1.90 ecwt.; Wisconsin sacked and bulk round whites United States number 1, 1.90@2.10 cwt.; mostly 2.00 ewt.; South Da- kota and Nebraska sacked eariy Ohios United States number 1, 50@1.55 cwt.; jorado = sacked peoples rur Irish eobblers United States 1, 2,26 owt, and number 9.60;. packers and feeders dull; bce mostly 10@16¢ lower; bulk packers | Soveneme eevued geneuring the and feeders 5.50@7.55. Sealeeten r Sheep—Roecsipts 15,000; killing “A western lambs 13.90; fed clipped Mamba 12.75; ewe ton 625: fecbea| hastily summoned and increased BEARS RULE I STOCK MARKET Eo 3 (By Wilson, Cranmer & Company) Bid Asked Big Indian a3 15 Buston Wyoming -—. .70 90 Buck Creek +. AB 0 Day’s ara oe Featured by sonore er eregdllly nd Heavy Offerings and Caaoren ees St Weak Demand Columbine — 10 12 ‘3 NEW YORK, Sept. 13—A large Coe Gale ny 138M 221% | vctnme of waite orders: again cut Domino . fos) fio (| Prices extensively in today's etock Elkhorn --.,-.--.--.-. 103 - 94 | Market, influenced largely by the BE. T. Willams _-- 56 168 | Unfavorable tenor of Buropean prsgeneses die ‘a5 igg.-«| BEWS and less encouraging reports Frantz BS 5.00 from the steel industry. Profes- Gates... pare +4 09 sional traders were active on the Jupiter RS 03 selling side and heavy profit tak- Kinney Coastal 21 gg.—«| ‘Ne sales were again in evidence. Lance Creek Royalty. 00% 01 Sales approximated one million Marine ~~. adap nano. | Shares. Mike Henry ...—-.. , | Mountain & Gallo age" a6 NEW YORK, Sept. 13.—Selling Picardy —.. eribomnatac: + ‘og | W8s renewed at the opening of to- Red Bank ..--..----.. 3,00 4.00 | @8y's stock market with some of the Royalty & Procucers — .08 06 Sugars and low priced olls display- Sunset ~-.------ 01% .02% |!" _ conspicuous heaviness. Mar- ‘Tom Bell Royalty 02% 08%, |!and dropped 2% points to a new Western Exploration .3.15 825° |!0W price for the year at 24% and Wyoming-Kaneas . .. .66 75 |American Sugar and Cuba Cano Western Statem .... 18 29 | Sugar preferred were down a point. FON gr aN Se Selling was of a rather varied character during the first half hour with members of nearly all of the active speculative groups suffering NEW YORK OURB CLOSING Mountain Producers -.13.75 14.00 Glenrock Oll --...--.. -68 | in the decline. Losses in several in- Salt Creek Prés, -. 18.62 16.87| stances ranged from 1 to 2 points Salt Creek Cons, -. 7.25 7.75 |among the industrial# and special- Mutual -—-..-—----.-_ 8.87 9.00 | ties with several railroad shares ex- S. O. Indiana my 5175 | hibiting heaviness. Buying orders New York Of} -.----...10.00 11.00 Citles Service Com ~~ 182,00 133.00 were encountered for some shares at the lower levels, DuPont, Founda- tion company and Jones Brothers Tea scoring advances of about a i Point each. Foreign exchanges Livestock =|) "-2 omer. Unfavorable fore!gn political news including a Spanish revolt and continued lack of agreement on the Italian-Greek controversy, influenc- ed further selling for both accounts during tho first hour today with bear operators taking full advantage of the reperted slowing down in the steel industry. Steel shares, however, were no heavier than other popular stocks and United States Steel met support at .89%. Fractional advances occurred at the start of the second hour but the desirable 120 to 130 pound killing| general list again turned heavy Pigs 7.75@8.25; heavy weight hogs| toward noon and prices continued 8.25@9.05; medium 8.75@9.25; lght| downward, all the stee! shares bo- 8.30@9.30; ight 8.00@9.20; packing|ing offered freely. Call money Chicago Prices. CHICAGO, Sept. 13—(U. 8, De- partment of Agriculture.}—Hogs— Receipts 38,000; slow, mostly 100 lower; spots 10 to 15c off, big pack ers inactive; bulk good and choice 150 to 230 pound averages 9.05@ 9.25; practical top 9.26; two loads to speculators 9.30; desirable 240 to 325 pound butchers 8.60@9.00; most packing sows 7.30@7.6 sows smooth 7.50@7.90; packing] opened at 5 per cent. sows rough 1.15@7.50; slaughter Failure of material support to de- Digs 6.50@8.25. velop for the independent stee! Cattle—Receipts 9,000; active; | Stocks which were carried down ¢ beef steers and yearll of value|'0 4 points in the afternoon, with to nell above 10.00; 15 to 280 higher;| Gulf States Steol scoring the ex: GRAIN PRICES BREAK LOWER Rallying Power Lacking In Trading on Chicago Exchange CHICAGO, Sept. 13.—New aoct- baéks in wheat prices here as a ro- sult of huge crop estimates from Canada took place today during the early dealings. It was contended in some quarters that if the latest Canada crop forecast was accurate the world could easiig be suppli with wheat and flour without any contribution from the United States. On the declines in price, however, fair buying suppor® developed and the downward tendency was checked. Opening quotations, which ranged from ec off to %4c up, with Decem- ber $1.04% to $1.04%, and May $1.10 to $1.10%, were followed by a de- elded general fall, Subsequently, a fresh break in wheat values occurred owing to fall- ure of the market to show rallying power, September delivery dropped to below $1. The close was weak, 1%c to 2c net lower, December $1.02% to $1.03 and May $1.08% to $1.08%, Corn and oats were easier with wheat, notwithstanding unsesson ably cool weather, After opening at from %@téo lower, to %c gain, December 67%c to 67%c the corn market underwent a sag all around Predictions of a liberal movement of new corn to Chicago led later to a sharp downturn tn corn prices. The close was unsettled at % to 1%c net decline, Decamber .66% to .66%. Oats started unchanged to a shade higher, December 400 to 40% and later showed slight losses. ‘Weakness in the hog market was reflected by provisions, Nvheat— Open High Low Close ‘|treme drop, caused the general list bling cedintangy sed gs eddie to recede further. Some of the divid- . end paying raflroads and high pric ed specialties broke sharply. Amert- can Tobacco lost four points and Delaware and Lackawanna 5%. The closing was weak. Resiat- ance power seemed to diminish steadily in the last hour, Unitea States sagged to .88% before stiffen. broad tor grain fed cows and heifers! ing and several other leaders also and canners and cutters; these re- hardened slightly but at the end flecting advance on steers in most}tng general trend was again down. ward. 3 Be other lots 12.26@12.65; yearling beef heifers up to 11.15; choice heavy steers comparatively scarce; best held around 18.00; bulk beef steers and yearlings 10.00@12.00; practi- cally no westerns here; demani instances; bulls strong to 150 high- er; vealers 26 to 50c higher; stock. ers and feeders firm; bulk 6.00@ 7.50; Mght stockers of plain qual- ity ‘4.75@5.50; meaty feeders 8.50 up; some Wyoming grassers to killers 8.00, Sheep—Recetpts 21,000; active fat lambs mostly 250 higher; others strong; sheep | slow, steady to strong; most western fat lambs 14.15@14.40; pome held higher; na- tives 12.75@14.00; culls largely a 9.75@10.25; heavy fat ewes 4.00@ Continued From Page One. 5.00; no choleo light offered; quot-| rounded by. troops and every pre- able at 7.50; good feeding wethers| caution was taken 1o keep unau- around 108 pounds 7.50; feeding| thorized) persons away, lambs mostly 14.00. Conditions in Madrid present a normal aspect, no ospectal agitation Omaha Quotations. by the people being noticed. | The OMAHA, Neb. Sept. 18—(U. .|#my a8 @ whole, it ts declared, re- A mains loyal to the government. aren: tose nan eee The cabinet is remaining in ses. grades steady to 100 lower; baie | ®'08 and the government expressed 200 to 300 pound butchers 8,50@ | CMfidence in its ability to stamp out 8.60; mixed loads and packing|*h® revolt movement. ay grades 15@250 lower; early sales| According to some of the Madri packing grades 7.40@7.55; average |Dewepapers the garrison at San Se- cost yesterday 7.96; weight 269, bastin imprisoned Foreign Minister Cattlo—Receipts 4,800; gen ny Santiago Alba while others express steady on xilling steers and she the bellef that he escaped acrons the stock; choles oferings, top maturea | fodtier into France, None of these stock; choice offerings, top matured | “Ports {# confirmed. | yearlings 9.00@11.25; grass ateers|, Since the early morning it had 6.00@8.00; grass cows 3.75@460,| C8 Fumored that tho cabinet war bulls active to 85c higher; bulk in an extremely difficult position bologna 8.60@3.55; veals strong to | According to information from an administration source a document Shc higher; practical top Ught veals| Pou’ been alstrivuted rind SPAIN MILITARY firm: early the unrest. SbeItse ONTUNE AMIDE erm. president of the counct! de f clared the meeting had been con Waal r voked to deal with a question of a purely international nature, but it Sept. -- 1.01% 1.01% .09% .90% Dec. 1.04% 1.04% 1.02% 1.02% May ---- 1.10 1.10% 1.08% 1.08% Corn— Sépt. -. 85%, 8515 83% 84% 67% 67% 66% 06% 68% 68% 67% .68 29 38% 88% 40 % .39% A2% 42 42 11.90 11.95 11.90 11.93 31.92 11.92 11.80 11.85 Bept. anaes cece eee 8.82 Oct. s--- 8.90 8,90 8.80 $8.82 Cash Grains and Provisions. CHICAGO, _ Sept. number 3 red, 1.021% @1.03; der 2 hard 1.03% 1.09. Corn num ber 2 mixed, .58%@.39; number 2 yellow .88% @.89%. 13.—Wheat, num- Oats number 2 white .40% @.42%; number 8 white .38% @41. Rye number 2 .681@72%. Bariey -57@78. Timothy seed 6.50@7,75. Clover seed 16,00@19.00. Pork nominal, Lard 12.05. Ribs 8.756@ 10.25, in connection with the troops sta- tioned in Madrid." ‘The newspapers say the disturb- ance in Barcelona had been pre- pared for Friday, but that the gov- ernment learned of it and adopted precaution measures which led the organizers of the movement to cut loose before the anticipated time. It was stated here shortly before noon that foreign minister Santiago Alba, against whom the military e'ement has considerable feeling, was on his way to Madrid. It {s reported that a squadron has been sent to Barcelona. The newspaper El Sol says the garrison at Bilbao has the revolt movement and has protested Inst the suspension of communt- cations with the rest of Spain The government at first put a ban upon all classes of communi cations, but later authorized the despatch of messages giving official information regarding the situation, CARINET TO STAND ‘PAT’ 18 REPORT MADRID,*£ t. 13 Inet eoting today statement was issued. The captain general of Barcelona last night proclaimed on his own responsibility a state of slege in that district, selzed the communications and invited other districts to sup port his action, In order to explain this etep h published a manifesto to the coun try, declaring that the army called upon the sovereign to save Spain and asking for the dismissal of the present ministers, In certain districts it appoars the ~After a the foliowir DENVER, Colo., Sept. 13.—{U. 8.] was generally considered that the Department of Agriculture)—Hogs | document circulated wan the real —Recetpts 1,200; mostly steady; few! reason for the convocation. sales around 100 lower; small lots; The document is eald to have de. 187 to 200 pound weights $9.20; prac-|clared that the situation in Spain tical top $9.10 paid for 185 pound |was most complicated and that the Averages; desirable 180 to 225 pound | government had lost all public con-| offerings $8.75 to $9.05; good 240/ fidence as the result of its low pound butchers $8.90; plain grade! morale and corruption. lights $8.50 to $8.75: few ight Nehts| The firet meeting of the cabinct at $8.25; bulk of sales $8.75 to $9: ended at 2 o'clock this morning packing sows steady; amooth gradejwhen tho ministers asserted ths $6-75 to $7; pigs stendy; few amall| situation was normal and returned lots $7.50, to their homes, but during the Cattle—Recelpts 1,100; calves none | night tho premier went to the hore Kciller ahe stock steady to 100 higher; | of the minister of marine where th. ommon to medium heifers $4 to} catinet was summoned to meet 90:88; other classes uneven; bulk again before dawn and the captain mostly steady; canners and cutters | @eneral of madrid, Munoz Cobo was generally 200 to 250; bologna bulla) summoned to attend the discussions $3.00 to $3.25; best veal co of tho ministers. few 900 to 1,000 pound fe At 4 a. m. the os 0 ty 6 aptain general to 57,05; better mrades held. at 97,85) sae che following statement to tho to $3; plain stock $5.60 to $5.85; somo | Droge cows §2.75. “te 4 man say only ong thing, that iesp-—Receipts; none: few Neid-| en6 government’ “hummofied “ie in Over fooder ewes at $3 to $4; steady: | oraer to be informed of thawte aaa tat lamba quotable around! cua of tne Madtid ‘garrison: 1 an i ae = | swered that the garrison wan in . |barracks ready to guarantes: the Send your automobile news to| continuance of or 1 "Spark Plug,"—Care ‘Tribune. [was consequently nothing to fear | today military forces are disposed to con. cur In this attitude of rebellion. “The cabinet is in permanent ses sion and will maintain ita position, whioh’ {t will abandon only under forea should the promoters of this sedition decide to follow up their polley with all ite consequences, The king will arrive in Madria COURTHOUSE TO DERE PLACED Continued From Page One. t anc running. the atr ugh should help the city expa direction.” question thre The of a new county ullding been considered for several ye a previous board of commissioners having decided to let it t until the bonds on the pres been dispe d “ i. alty enb-| | {4 Liberty Liberty Liberty Liberty Liberty United First 4%s -~-.. Second 4%s --—~.-~~. Third, 44s -. Fourth 44s - Czechoslovak Rep., Danish Municipal, Dominion of Canad French Repub! Japanese 4s Kingdom of Be Kingdom of Norway, 6: State of Queensland. K. of G. B, & 1. American American American Smelting, 55 Sugar 68 . Tel. Te!., T. and San Fe gen., 4a — Itimore Ohio ev., 4%s thlehem Steel con, 6s Series nadian Pacific deb., 48 -. Chicago, Mil. and St. Paul chile Copper és — ocyeur Tire 8s, sreat Northern Montana Power, Northern Pacifi Northwestern E Pacific Penn R. . Gen, Sinclair Con Ol) col 7 Southern Pacific cv., 4s Union Pacific First 4s — U. 8. Rubber, 6s — = Utah Power and Light 6s — Wesjinghouse E) Wilson and C 1941 To A bs A 6s cv., Market Gossip and Briefs On Operations in Oil Fields Trade Balance Grows. WASHINGGTON, Sept. 13.—The United States had a $38,000,000 favorable trade ba'ance last month. The commerce department an- nounced today that total exports in August were $313,000,000 and im- ports $275,000,000, compared with $201,774,000 and §281,876,000 respec- tively in August of last year, Certificate Issue Proposed. WASHINGTON, Sept. 13—The Interstate Commerce Commission was asked by the Great Northern Railway company today to approve an issue of $8,625,000 in be paid off in annual RAILW AY AND MISCELLANEOUS T 99% 99% 99% 95% 95% 9b 10L =: 100% 101 100% 100% 100% 104% 107% 9044 9915 beginning next September, They | Will be sold to the First National | Bank of New York at 94 per cat of par. The raflroad company proposes to use the proceeds in the purchase of 48 locomotives, 1,500 box and automobile cars, 1,500 ore cars, 125 tank cars, | Treasury Certificates Sold | WASHINGTON, Sept. 13—The jnew $200,000,000 Issue of treasury | certificates of indebtedness, has been |fully absorbed and indications are |for a heavy oversubscription. The five per|{ssue matures six months from Sep. cent equipment trust certificates to| tember 15, instalments and bears 4% percent im terest, bel ald of In at nwtaimenta trot,” “ns nn“ Peveene Resignation of Prairie Oil and Gas He ad Significant Decisive reductions in the prices of crude o!] are seen by oll men gen- erally in the resignation late Tues- day of J. BE. O'Netl, president of the Prairie Ol] & Gas company. What ts expected by the stock market of Wall street and the ofl industry, is shown in the dispatch received in Casper yesterday after- noon by Wilson, Cranmer & Com- pan: The message follows: Tho resignation of O'Nell resistance by requesting his restg- nation, No recent reduction of tts posted price in the Midcontinent field has been made by the Prairie, despite the fact that many prominent com- pantes are quoting lower prices, Numerous conjectures as to the actual cause of O'Netl's regigna- jtfon are current but is more than |Probable that o matter of price- mand, 6.74% mand, 4,39 demand, 4.7 many, dema 00000090 % enables, 39,40 Sweden cables, 5 , do glum, Ita’ 4.39%. F %; cables, 4.76. 1, 00000090; Holland, demand Norw nand, 16.08, demand, Doni demand, 18.08. Switzerland, dem 79, Fyain, demand, 13,34. Greece. mand, 1.88. Poland, demand, .0004 Czecho Slovakia, demand, 2.99. Jugo Slavia, demand, 1.08. Austr mand, .0014. Rumania, demand 46%. Argentine, demand, 3) Braail, demand, 10,12. Montreal, 97 23-82, Ger. cables, ae 2 NEW YORK, 13.— Call money, stron + 6; low, 6; rn ing rate, 5; closing bid, 6; offered at 6%; Inst loan, 6; call 1s agal ceptar 434; ¢t xed col a), 60:90 days, 6%; 4 Sept prime me pape from) policy, as indicated above, is the the Prairie Oll & Gas company 1) real reason, indicative of inside problems and, Since the wholesale plunge of we belteve, foreshadows another| gasoline prices downward, prectpi- drastic cut ifn gasoline and olt| tated by Governor MoMasters m Prices. Today's market should be! S uth Dakota last month and carefully watched.” spread through other stat . there It is sald that O'Nel!!'s policy has|has been wonder expressed by ex: always been to stand by the inde-| perfenced ofl men that no substan. pendent, amall operat and pro-|tlal reduction has been fn crude ot! cers, belleving that their pros-| prices. Suc fons were pre t was the prosperity of the! dicted tm 1 following the no. Prairie and, that to cut the prices| called * us ne war" but so far of crude oll to point where the| have fnlled to materialize, ndependent’ producer was wiped| The Prairie Ol! & Gas company ts out, was also to ruin the Prairie|the «¢ t exploration and produc Ol! & Gas company. ing unit of the Standard Of) andé That O ) interfered with any | cons quently, now that O'Nell bar Plan of his company to cut crude|r 1 its presidency rather thar Pricesin the Midcontinent field more | see ower crude Toon, it tm felt n the reduction which n every at r that such cuts are his sur rer, Is a widely held|t be expected at once I therefore, to ef. fect s of O'Ne Ss resignatior fect a cut it has heen necessary ales anticipated in the stoe) for the Prairie’s board of directors market, which ts already under ro to bring O'Nell to the final end of ' over-produ slump. Foreign Exchange Sugar NEW YORK, Sept. 13.—Quota- W YORK, Sept. 13.—The ad tions in cents: Great Britain, de-|vanee to 8.40 by all local refiner mand, 463%; cab 4.541%; 60-day | Seemed to have checked the demanc ililsoh banks; 461%, * Scances de ]20o nulated sugar to some ex tent withdrewals on ol: ive, and most re yed in shipments, ures closed easy; ap sales, 19,000 tuns. Sep » 4.88; December, 4.46; March May, 3.80 Metals NEW YORK, Sept. 13.—Copper— electrolytic, spot and nearby 13%. spot and nearby, 41.50 I 4; futures, Easy; ires, 41,37. Iron—Steady; prices unchanged. teady; spot, 6.75 @7.00. st St, Louls spo Cotton YORK, Sept. 13.—Cotton spot, quiet; middling, 2