Casper Daily Tribune Newspaper, October 28, 1923, Page 22

PAGE EIGHT. Che Casper Sunday Cribune SUNDAY, OCTOBER 28, 197; : All Markets —! Grain : Livestock AND QUOTATIONS BY LEASED REACTIONARY TREND [ wev vou suas = INSTOCKS REPORTED) = mem-=m Allied Chemical & Dye - 61% LOCAL OIL STOCKS BUSINESS AND STEEL ‘ CONDITIONS IN U.S. % -- 1 . New Low Marks for Season Reached by Scores of|Ametican International Corp 18, 1 Tesscmer = ‘0 ‘11 {Billion Dollar Industry Is Nation's Greatest Barometer Iatcomotive — HURRY!, THEY ARE GOING FAST! Rows of Sample Suits: ALL SIZES ALL STYLES ALL WOOL 50 $25.00 ‘HE $16 JAKE THE NIFTY.TAILOR Wyatt Hotel Basement Phone 802 . ° ‘: Bosto Wyomi = 65 85 4 id 4. Issues in Short Session Saturday But Leaders | American Smeiting & Refs Siok’ Greeke eee ae a7 of Be Trend in Nation, — : i : ‘ American T. and T. Burke 26 tatistician Says | Display Resistance American and eit Migs “4 y: : 4 Re - CAPITAL. - Rrtatieels SWooleR Se Chappell ~ - 125 'sCASPERUS THE: FUTU NEW YORK, Oct. 27.—Continua-, 55 and dropped to 52, moved back|Anmconda Copper - Columbine -10 of a ., Oct. tonnage has dropped to approximate- ‘Atchison Central Pipe Line ---- 1.75 WEES LY trey ae ve. ka PP | “10. tion of the reactionary trend which | to.56 before the close. Sales for the as Atl, Gulf and West Indies ~ has marked the stock market during | day amounted to approximately Baldwin Locomotive - 2’ both a barometer and a thermometer | reflected in the Babsonchart has { Consolidated Royalty —-1.16 “The steel industry gives us| !y 5,000,000. General business as Cow Gulch w L the last week was Eee oe see shares and the closing w: tie tds. one Oko Domino of business,” according to aera, dropped to 10 per cent below nor-| L H su short session of the New York ex-| heavy. ethlehem Stee Elkhorn Babson, whose associates have just . aise change wit ha hint of forced selling ling pressure during the week| Californian Petroleum E. T. Williams — completed a’ survey of” thia great mal. My main thought is that al E me in the liquidating movement, which} was concentrated in large part in|Canadian Pacific eS ime though,no iradical departure from| B ; : to, covered a broader list than hereto-| the specia coppers, rubbers and|Cerro de Pasco Copper - ratte atael, feleka® gale CANES) Daket| te prement \ucibar lowell ta indication, [cE 3 J Tr fore. Strong resistance, howev leathers, sak 5s Alea ea Mgt fet gt - Gates In a statement issued today, “tend| 4 Survey of actual conditions shows |~ . Ss ever was offered by the leading railroad] movement in the price of metal due Ghilen Co , Jupiter 34 3 y general business—to act| that the weight is certainly on the Fi al shares to speulative fear over a falling off|Chile Copper - Kinney Coastal to follow genera ns bear side, as it is in most lines to-, T a. bar Serres paxh. 2.7% } n export business as a result of} Lance Creek Royalty asa thermometer in measuring,| 060 Sie, a ’ A ep New low records for the year | in export “biisintas pbohiscyee | ose ) roughly. prosperity or depression. | day- H : T anc were established by many rig parnccrm nt rs ror ¥ Mike Hem During the early months of this year] “On the financial side we fini] — E ma th rep eomte ha Pe hatha Med fe ro aed. SNE oe cates OEE Mountiin & Gulf business was active and the price o! | further evidence of this slowing up.| — An old ferryman was awakened er losses of from one to four pol pita tevbble utter ta ie New York OM steel billets advanced 30 per cent| in the amount of recent refinancing - : sa in two ncore different Isques. Amer. Bap. wells caaneriteteartere Pleardy from January to April It waa evi | which has been undertaken ty some | early one morning by a stranger | ter ican Sugar and Coca Cola yleldec ee 5 sche Preston dent by them that the improvement | of the newer companies,” continued A Fi w the most to selling pressure, while with a larger supply a * Aspislt, Sonne mid: Loans Ovebdpiey Rnd aeasinead [Atri Taahemars seeming: perloaa her ! who said that he was very anxious T It Famous Players, which opened at al Motors Royalty & took to caution and conservatism— ord-breaking business, new fi-| Ri - to get across to the other side of . st t North F Sunset a condition still prevalent. neing, it is true, may be required] S a H da : D ill d 0 Gute States: Stee Ee NY “tron and ateel prices very natn | ¥ the old, conservative manufac. | the river but had no money. A © if eae P ~ Inspiration Copper exploration — : a, t six] turers for justifiable expansion as «“ » . ies tt wo roducers rived m fata ile Saab ai erie Se hnhteictlcin Wax Raed ond | Well Aa, tHe view! Onde: Tt iNiaicbare|* Well,” snapped the ferryman, “if 5 m: Int. Mer. Marine pfd ~ Western States beginning of 4 . 6 : 7 ple Oil = on es Prices have: beer steadily declining, | acteristic man. of the beginning or C ou aint got no money, it makes - KS Es i nefield Tire i R sah Despite the readjustment to date, 1} % sharp competitive period, however, | 7 ? : By Ohio uring the CE@K | Kennecott Copper eee eRe Oi Asea | 2 not feel that steel prices or pro | When many new offerings of funded | d—n little difference which side A comotive — # vi hy the low | deb! pprapbaptete ey ‘ > ” frie | Cenbe Mountain Producer -. 1400 14,25 Feet sae as herboraa in mind| ises appear in connection with cor-| Y¥ of the river you re on. E a: |Mariand of Ae CoReR that during the war period our pro | porate names that are new to in-| . .% ‘wo Salt Creek completions are 11 State, sec. 24-20-78; drilling) Maxwell Motor eek Pras, - ducing capacity was greatly stimu | Vestment sts. The absence of any ir u y 5 f | Midale States On ie Cons - ~ | new financing on the part of older ‘ 3 1: ev reported iby sthe hie Oy kc bene rity 4, sec. 27-20-78; drill-| New York Central — C lated. The actual output of stee'| new financing on the part of older | There’s a good deal of truth in that! No of seach a Mes hzrey ye ieqet eed LP are Fee oie pa '|Northern Pacific A et ieee sabre ice eats | potlosable.| iztiia: the, tip whet the man can do much for himself anywhere, i) et mes an0 3.10 tes ash Bee eae rts 'Giasa Creek. Pan American pace sna B mi Supe pone es ne Vis reac | more experienced. management: is nowadays, without at least a little ready G a Lake look better than ever. The} No. 4 Washakie, : a bs Sees the steel industry has operated on | conserving Rosaria pence s ps A cash. C = i y sec. 98; sh down at 250 ft usiness to established capacity < present depth of this Albany county) sec. 18-46-98; shut down at 2 - IR S a basis of more than 40,000,000 tons ned cs ; - veal fa 3,845, opiithires feststn: the|))/No, 49. Wailex; 19-46-98; shut] } Standard Oil Stocks }} tiiany, a sate materially over the Feducing indebetdness rather: than 1 A z dy sand, The ill will; down after cementing. e s t years. As| taking on more overhead. Signs : aA REA igh ithatat addr bacion| PaVO.RIGtA Re aeo RaEONT come, Nee ee Sebo Literal clei [ERIC iikae or Dusiiead hava dev bead] > And the way to get that ready cash isto = L Fr into the Dakota where big prod d_and shut down. Bid Asked | lation in steel output started in| lacking in the iron and steel indus-| . : 3 ig tion is expected. j_No. 68 Milliron, sec. 20-46-98; ce- Anglo August. 1921. In 1922 total output| try this year. ‘The wisdom of the) .) L 8e The hi flow of gas at Oregon! mented at 2,230 ft. and shut down Bucke jumped 75 per cent over the pre- tear phat Py sth tate aged H A 0 ibe Basin recently struck will nov deter} Baxter Basin. Continental vious year, while production during ce Liss dea 8 See om eahy Come in and let us show you our famous 7 the company from carrying its hole] No.1 sec. 14-17-104; spudded in}7 Cumberland the first nine months of this year] t aa jae ney ai Pr aan ppl Oo Budgeting system for reducing expenses. Cc 18 y deeper sands, At present cas-)and shut down Galena - ‘ 60 per cent above the| certain of their ma: gress : : : Se See eee a nga at’ 1.q05 teats (e TNotdi eee, evaded ies clea aineigael Tilinols stare cried of leat year, ‘However, | competitors are falling by the way- 3 It can put you onto the road that leads to a the Following is given in detail a re-| with gas showing of around 5,000,000/ U- ©. 1 indiana” the main point is, if this country| side. : certain prosperity. 5 } we port of other Ohio operations: | cubie feet. Westin N. rats were called upon, we could produce ‘A few of the seasoned concerns ES Salt Creek. | ences Soap ep Willys Overland -..... Nor. Pipe steel at between. 56,000,000 and 53,-| which have consistently turned sur-| > (o} M No. 1 Tract G, account Ni sec. 1 Thompson; se 5-65; drill-| Colorado Fuel and Iron Ohio ol 000,000 tons annually. Even today} plus back into equibaient without E N nd 8; completed at 2,605 ft., but) ing 3,432 ft. | A | Prairie Pipe at the current rate of 40,000,000} increasing capitalization offer sound - a metros texted. | N hurick, sec. ; drilling Pmirle Ol 2 (ons, we are producing more steel | bonds for investment. ‘This is as fax | G . ho No, 2 Tract G, account No. 1, sec f (ae goes Bega Seen ds anaes Solar Ref. — than we can consume and export.| as the conservative investor should | f 201 17-39-78; completed at 2,605 ft., but aah, aipogunt (Np, 1 sec. 47] AUEABee OE CARLO ES BOR ae. the 10-!Sou PI Nor should we lose sight of the fact| go at the present time. lo fet) not yet tested shut down at 3,100 ft cation of the well, quently ce Oo, Kan that our European neighbors €x-| “Those who would purchase iron | N t 4 Tract ET, sec. 20-39-78 rthern Montana SSPOURE Gb ieenes Water Rory seo OTn is panded their steel producing capa-|and steel stocks as a speculation | 76 king liner at 2,715 ft. 2 at Malta, sec, 21-) produced yes nae oil hoe bat pe eet elty to cope with abnormal war! must weigh the outlook with the| * Rec, 12 drilling 2,215 ft Huebschwerlen on Sherar¢ rather than any one. factor, de.}Union Tank “The underlying situation ts well] they accept as stockholders—that of re) be account 1 . eaean iat oer BA toes Kepwrhat be SNe 9 rh methoa| Vacuum - defined by unfilled tonnage—the| merchandisers in the commodity e s shi Soakiaa oat “4 Woods, No, 3) terranes “what ls. P. ol |e aeaees which from the low in| Success Hes in buying when busi-:| « N. TIONAI 5 B ide cleaning out at; Should be ? s. € © ens u 7 ty f 1, : S$. 0. Ina Weuruary, 4 of 4,141,000 tons| ness is slack and the commodity "C 0. 12 Dain, No. 9 OPC sec. 1.39-| total depth D ft Conditions which Influence operat- climbed with little interruption to| low, to sell when business is brisk | G CONSOLIDATED S 79: drilling at 1,380 ft. | Obrien No ing costs and are peculiar to any 7,403,000 tons in March of this year. and commodity prices high. From | — Rock River. cemented at 2,620 ft Property or oil field are; The depth ‘Today, six months later, unfilled] this test it must be apparent that it See as s rison-Coopér, sec. 3-19-| Hidden Dome—No. 1 sec. 31-48-90;| and character cf the producing sand Senda fs not yet time to look for attractive | ©* 50,OQOO + POPULATION ¢ oF 0 ft. shut down at 2,345 ft. the amount and character of the ol” Crude Market ra ee iy on-Cooper, sec. 11-19-! F 1 sec. 6-97; under-| present, the amount and pr ure | Surveys Rex Dome Line nl 78; drilling at 3,055 ft. r total depth 1,585 ft. of the gas present, the volume and A survey is now being made from hi No. 10 State 34-20-78; drilling 1 Coalville, sec. 6-2n-| character of the water present, the Rex Dome to its trunk lines running 1 a at 2,165 ft. | be: 1,770 ft. character and quantity of fuel avail-| rance Creek 1.20}into Laramie by the Illinois Pipe m able for development and operating|Osage _-- 1.20| Line company. A line will be put bt requir sista : ments, topographical condi-|Grass Greek ytions, number of wells in the area, | Torchlight 1 Canadian V4 heat I urehases 2%: and quality of water for| 2 | development and operating purposes, : A 5 ° llving and climatic conditions, quan-| Sate orente | tity and quality of timber available Bi. 1 > in n = Mudd: . Cause Decl e 1 Chicago : fie'd_use, transportation facili-| Hamilton | tles, probable life of the oll ‘field,|Mule Creel present stage of development and|Sunburst methods and equipment in use. = The financial condition and standa- ing of the owners, the operating organization and the aie teas psy elgg Chicago & North Western System " C. & N. W. Ry. C., St. P., M. & O. Ry. | Railway Terms Defined aa | STATEMENTS OF RAILWAY OPERATIONS are often misunderstood and frequently misquoted on the public platform and in published Surveying and Locations Geologists, Oi) Kxperts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 Room 10, Daly Bldg. CHICAGO, Oct. 27.—Large pur-]cold weather in the Aregntine were chases of Canadian wheat amount-| ‘ikewlse construed as bullish. si .| Some selling was brought about ing to nearly 3,000,000 bushels for '—Care Tribune. i during the week by settlement of =— — articles. The following information is given to assist in securing a | hipment to the United States bt ad Ss . capacity of the management have a ‘4 ; Fr Drought about n decline today in|th® controversy between vessel, CAPs Wanking: apart soverstitie rccwie clearer understanding of the terms employed in stating the results of broug owners in the United States’ and | rf 7 the wheat market here ee Canadian’ officials’ “affectin’? the pra eaultas the ier a8 nd older railway operations: | strong opening, closing pric veing pies Ba ned from) ll companies generally have strong, " fi | . unsett'ed at fractional losses with; handling of | wheat shipped £ ntiefficient organizations which are RAILWAY OPERATING REVENUE: This consists of all re- | Canada. Although Winnipeg bought : rt : . : : a Deceinber quoted at 1.06% and May |) ly on the news, Chicago traders| the Product of years of experience venue received by the railway for transportation services, including r t 1.114 Trading in corn was and development. By means of these ry : : r Py } Ea rec oe tn OpEn D Wer.| plsoaliatdittacent interpretation on SARs Tepe ee seen passenger, mail, and other allied services. This also h senda alge de Lxegid nw | ts effect on the market here, a4 sepa i includes revenue arising from storage, demurrage and other activities re reports of heavy movements in new Sathac aloe a . reduced to a minimum. It is} ma n t a t ante ’ 7 Tag : corn, the closing being heavy with |, Setbacks in the price GEL GOND OF | tobtunate chowerent that many oil} er en r | incident to the performance of trans ortation, in fact, all revenue grow- the week were attributed to read: j rs ty ster 4 n , gz) si December at .73%, Sixishent becthesiecket ten ca aia companion, sapecta'y fom of thone = ing out of the transportation activities of a railway. 1 Notwithstanding today’ losses | crop to a new crop basis. jn the more recently developed oj f hi ® | ; prices’ displayed a substantial in:|“Yotey'a"tanse of wetin ana. pro-| fells, operate at unnecessary high | (0) e ity RAILWAY OPERATING EXPENSES are those expenses incurred in | crease over a week ago, the improve- | vision prices follows cost with Insufficient capital and in connection with the performance of transportation services, includin 5 ates efficlent organizations. i i ‘. ‘ bd me mt be ne bro it bout. ars y Open High Low Close Dain Gites Gai | maintenance of fixed property, locomotives and cars, together with the and prospects of government ald In| pec, -...--1.07% 1.07% 108% 1.06% | Utting costs at the various promos | The 1 % expenses et Min pial yoaterial and supplies necessary for the move- : financing the movement 44% 44% 444 44y% tes studied In this investigation are e large amount of money invested in men ratfic, but not including taxes or payments for the use of ; Wheat traders during the -1,07% 1.07% 1.07% 1 given in 6 is : , by # ©. George, your community to carry this service into other companies’ equipment and property used jointly. | ; isplayed a great est DI retrole ein which may be - bs . : aap yee Risso: arene ree 3% obtained from the department of | your home and the homes of your neigh- NET REVENUE FROM RAILWAY OPERATION is the railway oper- | % 000,000 bushels of wheat for export %, the Interlor, bureau of Mines, Wash | bors and friends is a permanent investment ating revenue, defined above, less the railway operating expenses. s ‘Germany on Sonu teem ae idl Mire eee in your city. It is a pledge of faith in the NET RAILWAY OPERATING INCOME is the net revenue from railway ty " grain men | Deo, 41% | Rex No. 2 Lociee | future progress, growth and prosperity of operation less taxes, uncollectible revenue, payments for use of other | pi Pell ol 9 Sp on. Preparations are being made by | your “home town.” companies’ equipment and facilities used jointly. This is the amount * tions in which the allies will join, in | Jan. — the Ohio Oil company to drill another which the railway company realizes from its transportation activities, : cluding the United States, was also | RIBS— colnet on the Rex Lake structure it and is available for the payment of rentals of leased lines and interest ‘ a bo'stering factor in news develop- | Oct ayiceet 44 re ee ee warth, while, i. on indebtedness; the remainder, if any, may be carried: to surplus or : ments and reports of abnormally ‘Jain Seat ee peceroee | Factories and stores may move to other applied to dividends. | t jnow being drilled on sec, 23 cities; individ ¢ i z y led on ec. 23-1 ay uals mes mare to other REASONABLE RETURNS: The Transportation Act requires the Inter- ni Cost OL 1 tins rude is places where opportunity bec ons. Your state Commerce Commission to ascertain the value of railway property on i > electric light and power company is firmly and name a reasonable rate of return upon the same. This rate they | Fy . ] . P 1 . E Sugar fixed as a part of your community. It must have pn ee per onl A railroad, whose value has been ascer- H A = : Al tained by the Commission to be 100 millio 's f “: 1g 1in F roc ucing xpense depend tor: ita own srowthvand prosperity railway operating income” is 5 3-4 million Anlst nite piped F < gira aa, upon the prosperity of the people it serves the reasonable return of 5 3-4 per cent upon its DER DERES as fixed by q New YORK, Oct Yo change —you and your fellow-citizens. That is the Commission. me N WASHINGTON, D. C.—The cost where the average daily pyoduction | resulted in the market today for re 3 : i - . ° | bh he well to the] Per well per day js less than a quar-| fined sugar, fine granulated holding | why it tries to give A-1 service all the time, Th fi * . ° : | 7 of lifting oll from the we h | peri wey ee ee firm at 9.10. Futures follows ant at the lowest possible cost to you. That 1e net revenue rom railway operation should not be confused with net | stock tank may range from 20°40 90 " $ ye a 4p | Comber, March, Satan | . ahs x railyway operating income. The necessity of this is rent when it a . | Whether a well flows, whether it Jul 1» 4.04 is why it is among the leaders in all mat . hp S, apparent w | s ent of the total cost of produc |i. “Dumped individually “on, the} July» 4.10 Bg 8 i= is realized that the net revenue from the railway oj eration of all Class , 1 t- | —_____— . s A A rf “1 . 'y op | petroleum, states depart! beam,” pumped as one of a group | ters of civic improvement. 1 railways in the United States in the yea p of the interior, following an{} i ‘9 seria rh : if Ales | year was $1,144,051,185, | Igation of the matter made by |PY, 4 “Power” or Jacke plan or by ney results try a Tribune Ciasal-| while the net railway operating income was but $759,945,517, a differ- | - bureau of mines, in which 57| ts . fled Ad. ence of $385,105,668. ups of properties with a total of| | 7‘ ; * m | 7 producing wells were exarnined, | I ee | All the RarrOnAd in its United States are required by law to make re- | " lifting cost frequently rar = | | ports under oath of their activities to the Interstate Commerce Com- : 8s than $ 8 ta per barrel TRAIN SCHEDU LES CEES mesiop) using the terms above which are prescribed by that Commission. | < dred barrels a day to more than $3 Chicago & Northwestern hese reports are on file in the Commission's offices at Washington, and | “ barrel at wells producing less Westbound Arrives i are available to the public, | than a fifth of a barrel per well No. 603 - 2:15 p. m 2:35 ue } m4 per day. On the other hand, the Rastbound—= Arrives sepatte = | me Ufting cost per well per month may J N° 622. ---.-~--------~~------ 22-2 4:45 p.m. 5:00 p. m. range from more than a thousand chi urlington doliars at large flowing wells such stbouna neo S) Oniney peeks N of ior vet ch Nalttors| 4 they oe 245 p. m, || 0) * 1s pumped only a few hours | No. 29 —..-____ 7:20 a. m. |} President 1. m week, as in most of the ofl] flelds x ” i of New York and Pennsylvania, io