Casper Daily Tribune Newspaper, November 9, 1923, Page 11

DAY, NOVEMBER 9, 1923 Oil BEGINS sti SHI ‘kedout ol! sands, by methods those of coal mining, is a commercial basis in Hurope be applied profitably in n ofl fields, George 8S. hief mining engineer of the States Bureau of Mines, who returned from a study of! mining conditions, told Service representative. has been tried the new mits the recovery of as [as originally was taken ‘wells, he sald. is a German inven- It was applied to a shal- 4, the sands 500 to 750 at Pechelbronn, near which had been worked less for a century by the od of dried wells. Get- muccessful operation about of the armistice, the whole y came into possession of ince and has been worked a French company. company which opened the mine has started a similar im an ofl field near Han- andi driving out tunnels at right angles to » and inclined cross-cuts the oil layer into rectan- Dlocks 100 feet or more In size. | evels are driven to « slight rise et thelr ends or “faces” and of! sand {s quarried out by pneu- io picks, loaded into mine cars holated. Of! exudes from the of the passageway and flows gravity in ditches, down the in- nes and along the ‘evels to sumps pits, where it is moved on by ps to a general sump for the en- e mine. There it is lifted to the face by an ordinary ofl pumping ‘A further stage in the process fhich would take from the sand all ted Press)—Forecasting for 1924 lother period of such record break- “freight traffic as the United has experienced in the year passing, two national organiza- or executives of the foremost have adopted an ambi- program of financial and phys- mn in the next twelve onths. ‘he program, drawn by the board directors. of the American rail- Association, representing 240 ds, was approved by the full ub and later by heads of the 194 one roads which comprise the ociation of Railway executives. It contemplates the aggregate ex- nditure exclusive of what appro- tions may be contained in the 24 budgets—of $243,804,000 a'ready juthorized for new locomotives, cars nd equipment, This would bring capital expenditures of class ne roads since 1922 to $1,732,516,- é—a high percentage in the his- ory of American transportation for \y similar period, Although the program did not ecify the total capital expenditure for 1924 that might be written in he budgets of individual roads, it xLressed satisfaction with results the billion and a half dollar plan fcr expansion embarked upon last pring. The goals set then had been near- Ny attained; many traffic records had ‘been smashed to carry the freight of an era of industrial prosperity; car shortage had been few, traffic NEW ORLEANS, Nov. 9.—Harry ¥. Sinclair, head of the Sinclair of! interests, accompanied by Hugo Sinnes Jr., son of the German indus- trial magnate, and several officials of the Sinclair Oil company, who are making a tour of the oll pro- ducing and marketing centers of the United States, arrived here last night from Chicago. CHICAGO, Nov. 9.—Potatoes steady; receipts 78 ca: otal U. 8. shipments 810; Wisconsin bulk round whites U. 8. number 1, 1,05@ 1.20 cwt. sacked 1.00@1.15 cwt.; poorly graded bulk .85@.95 ew! Minnesota and North Dakota sacked! round white U. 8. number 1, and partly graded .90@1.05 cwt.; sacked Red rivers .909.95 cwt South Dakota sacked and bulk Early Ohios| U. 8B. number 1, 509.90 cwt. Finance : ETROLEUM MINING. taken over by the French, The) ecord Freight Haul to Continue Another Year —_—— mbership in session at the Yalo| Hugo Stinnes Jr. Refuses To Discuss Oil Holdings IN EUROPE <== Placed on Commercial Basis in Germany And thers Countries Following Experiments Of Recent Years Anaconda GTON, Nov. $—Mining | but the last trace of of] is now Be | Atchison ing worked out, although not in commercial . It invoices | Uifeing the of] sand to the surface as ore, and extracting the remain- jing off from it. feration are still i the experimental | stage. The chief danger is from fire. The method is not applicable to new flelds because of the presence of gas which must be tapped by wells and the pressure reduced to atmospheric before the sands safely can be mined. The present enterprise has uffered from one bad fire due to sparks ignited by falling drill stee's in a shaft, and setting fire to the oll and gas {n the shaft sump, which at that time was the collecting res- ervoir. To avoid this, the reservoir sump has been moved to another lo- leation, and the ofl is pumped |through a bore directly to the sur- face. Although there is no pres- sure of gas there is a certain lamount of gas given off constantly, requiring strong ventilation to re- move, as in @ gaseous coal mine. Mr. Rice is conservative as to the japplication of this method to use in oll mining in the United Stat pointing out some of the difficulties involved. He said. “The ofl sands must not be at a depth of more than 1,000 or 1,200 feet, a8 yw that the cost of shaft- ing would be prohibitive, Most of |the ofl fields in thts country are | much below that level. The of] sand. must be practically free from water, which is the case in the field in Alsace, but which is not the case in many fields here where the oll is pushed up by underlying artesian water, It has been suggested that there are certain fields in Oklahoma where it might be tried, and the oll field around Ol] City, Pa. offers interesting possibilities, The usual methods of 4rilling particles. The new method where wells for oll recover only about 80 per cent of the oil In the ofl sand. ‘The remainder adheres to the sand it ts applicable, recovers $0 per cent which may be in part recovered if al the sand can be mined and brought to the surface and ex- tracted, YORK, Nov. (By The As! congestions rare and embargoes al-/United States Steel -—_____ most eliminated, All these accomplishments, the A. R. A and tho A. R. B. pointed out in adopting the program, were due principally to a new spirit of unity among the railroads and of coopera- tion between the roads and the pub- Uc. The program for 1924 is a bid for further expansion toward the goal of maximum efficiency, accom- panied by more perfect team work between the roads and their patrons, , The roads pledged themselves to: | “Continued intensive effort to re-| duce the percentage of locomotives and cars awaiting repairs, and main- tain it at the lowest possible mint- mum consistent with the volume of business offered and the revenues the roads are permitted to earn / “Increased supervision by the roads and greater cooperation with shippers to attain fuller utilization of car capacity. “Continued intensive effort to tn- crease the average daily movement per freight car, and to set new rec ords for prompt movement of traf- fie, “Through consideration of the pos- sib{lities of a more extenstve inter- change of jotnt facilities, “Continued complet cooperation of the roads through the car ser- vice division of the American Rail- way association, which provides a central control and distribution of freight cars between various rail- ways and territories. “Active support to all phases of the work of regional shippers’ ad- visory boards of road executives and customers organized to solve mu- tual traffic problems.” ‘When aske@ regarding a report that the Stinnes interests had pur- chased a foothold in the Oklahoma ofl fields, Stinnes replied: “You know a business man can’t be answering questions about his business. That wouldn't do.” Stinnes also declined to discuss the situation in Germany, = CHICAGO, Noy. 9-—Butter—Un- changed. Eggs—Higher; recetpts, 2,257 cases; firsts, 44@49c; ordinary firsts, 32@40c. iS Ae a, FLOUR | MINNEAPOLIS, Nov. peice lunchanged. Bran 27.50@28,50. | *|Int. Mer, Marine pfa Bonds de Casper Dally Critune Stocks Grain NEWS AND QUOTATIONS BY LEASED WIR | New York Stocks Aaneernee tb seat Bot American T. and T. 123% American Tobacco ex dty, —. 147% American Woolen Th Copper 37% —————----—_——- 97% AtL, Gulg and West Indies _. 16% Baldwin Logomotive -—. 124% Baltimore and Ohio 58% Bethlehem Steel 5o% California Petroleum -——- 21% 146% 14% 40% 51% 12% 61 General Electric Great Northern pfd. Gulf States Steel - Tilinols Central Inspiration Copper International Harvester .—.. International Paper -—-— Invincible Of ~-..-. Kelly Springfield Tire —— Kennecott Copper --—-— Lima Locomotive -—-___._ 67 Louisville and Nashville —.. 38 Mack Truck —-. 80% Marland Ofi 22% Maxwell Motors 14% Midd@e States Of 4% Missour! Kan and Tex. new. 10% Missourt Pacific pfd. -.. 26% New York Central -------_. 101 N. ¥., N.H., anG Hartford - 12% Norfolk and Western -—... 105 Northern Pacific —-_-___ 52% Pacific Of 38% Pan American Petrdleum B. 57% Pennryivania -——---... 41% Peopte’s Gag ——-------___... 93 Producers and Mefiners ---. 18% PD NU eee cle Reading -—-. mannan = TOM Republic Iron and Steel —. 47% Sears Roebuck .-. 82% Sinclatr Con Ot! 19 Southern Pacific 86% Southern Ratlway 35% Standard Ol] of N. J. 33% Studebaker Corp ex atv, -—.. 103 Texas Co. -.-.. 38 Texas and Pacific. = 109% Tobacco Products A -—---_ 86 Transcontinental Of 2 Union Pacific .—. - 131% United Retail Stores —_-__. 44%) B U. 8. Ind. Aleohol 58% United States —-- 36 Utah Copper -. Westinghouse Electric — Wilys Overland American Zino, Lead and Sm 8\% Butte and Superior 15% Colorado Fuel and Yron — 23% Montana Powor 61 National Lead 128% Shattuck Ariozna 6% Aa ele sar Bid Asked Ansto 14% 14% Buekeye 73 ™% Continental 38% 39 Cumberland 112113 Catena -—. 60 60% Tilinchs 162% 154% Indiana -————_---.— 83 84 Nat. Tran 31% 22 N. Y. Tras, ——————. 91 93 Nor. Pipe 95 = 98 Ohio Olt 62% 63: Prairie Of 188% 189 Prairie Pipe 98 = 98% Solar Ref. 175 180 Sou. Pipe 21% «92 Ss. O. Kan 39% 40% 8. O. Ky 95 96 S. O. Ned. 215 226 £0. .N. % — —- 41% 41% S. 0. Ohio -.. 276 Union Tank Vacuum -—.. 8. P. Of - ——— 108 8. O. Ing, ——__ — Crude Market Cat Creek -—___________§ .95 Lance Creek -————______.._ 80 Osage -——. 80 Grass Creek ———--——____.._ .95 ‘Torchight 85 Elk Basin 95 Greybull 95 Rock Creek 60 Salt Creek +80 Big Muddy 45 Mule Creek -———______._ 40 Sunburst tet Hamilton Dome 52% ———— NEW YORK, Nov. 9.—Copper firm; electrolytic, spot and futures 13@13%. Tin steady; spot and futures 43.25. Iron steady; prices unchanged, Lead steady; spot 6.75. Zine quiet; East St. Louis spot and nearby 6.35@6.40, Antimony spot 9.25. Silver NEW YORK, Nov. 9.—Bar ailver 63%4c; Mexican dollars 48%c, __' feet —_-s By Winea, SO as Big Indian ro ere Beesemer . —— 4 jzoswee Wyoming ~— 4s 1.00 Buck Cresk 36 (28 Burke WT 29 Blackstone Salt 30 32 Chappell . 25 aT Columbine a0 as Central Pipe Line 185 1.90 Royalty -117 1.18 04 | +10 | 04 AT 26 Frants —______. 475 485 Gates «(eT 08 Jupiter 02-08 a | 21 Lance Creek - 00% 01 Marnie - -—._____3.00 4.00 Althe Henry -.__ 00% .01 Mountain & Gulf 1.16 14g New York Oil 8.00 8.00 Picardy 04 05 00% 01% Red Bank --.--.-_. 2.00 8.00" Royalty & Producers _ .06 .07 Sunset -______. 00% Tom Bell Royalty -_ .02 7.00 Chieago Prices. CHICAGO, Nov. 9.—(U. 8S. Depart: ment of Agriculture.)}—Hogs—Re- cepts, 31,000; mostly 10 to 15¢ higher; big packers resisting ad- vance; bulk good and choice 200 to 825 pound butchers, $7.40@7.60; one load, $7.65; better grades 160 to 190 pound averages, $7.10@7.25; bulk packing sows, $6.60@6.75; desirable weighty slaughter pigs, $5.75@6.25; heavyweight hogs, $7.10@7.65; me dium, $7.15 0; ght, $6.70@7.45; light light, $6.00@7.10; packing sows, smooth, $6.65@6. rough, $6.35@6.65; $5.25 96.25. Cattle—Receipts, 2,000; no choice Offerings here; trade fairly active: all classeg generally steady; inquiry broadest for fed yearlings; handy weight steers and grain fed fat she stock; run comprises stale western steers, lower grades fat she stock and canners and cutters mostly; few loads short fed native steers, $8.00 @10.50; canners and cutters, §2.50@ 2.60; vealers to packers, mostly $9.00; few lots, $9.25; selected kind to ship- pers, $10.00 and above. Sheep—Receipts, 7,000; active; fat lambs, strong to around 15¢ higher: sheep, strong; feeding lambs, slow: practidally no early sales; most fat lambs, $12.75@12.90; several loads, $13.00; cull natives. largely $9.50@ 10.00; fat heavy ewes, $4.50@5.00 medium, around $560; no choice Mght weight offered. Omaha Quotations. OMAHA, Neb., Nov. 9.—{U. 8, De- partment of Agriculture.)—Hogs— Receipts 5,000; active 10 to lhc higher, mostly to shippers; bulk good and choice 200 to 825-pound butchers 6.80@6.95; top 7.00; mixed loads carrying packing sows and Ughts 6.60@6.75; packing sows most- ly 6.50@6.60 with small lots heavies nt 6.80@6.45; average cost yester- Gay 6.57; welght 278, Cattle—Receipts 2,200; fed steers and yearlings fully steady; top year- lings 11.00; bulle fed steers and yearlings quality mostly medium grades, selling between 7.00 and 9.00, predominating; she stock slow; steady to weak; bulk grass cows and heiffers 3.40@5.00; canners and cutters 2.25@38.00; all other classes steady; practical veal top 9.50. Sheep—Receipts 2,000; lambs strong; supply mostly fed - clipped lambs; 8.40 head fed clipped lambs 81 pounds at 11.95; choice wooled lambs quoted 12.00@12.25; sheep and feeders scarce, steady. Denver Prices, DENVER, Colo., Noy. 9—(U. 8. | Department of Agriculture)—Hogs, receipts 800; mostly steady to strong; not enough good quality hogs to test the market; best part loads and drive ins $6.90@7,25; one load garb- age hogs $6.65; few lots ight l'ghts $6.50@6,65; packing sows mostly $5.75; pigs mostly $5.75@6.00; fat kind mostly $5.50, Cattle, receipts 2,500; calves 200; slow; quality plain; canners and cut- tery; steady to 25c¢ lower at $1.75@ 2.60; calves weak to unevenly low- er; no choice vealers on sale; other classes steady; cows §$3.; 25 @4.25; heifers $3.75@5.00; fat heifers $3.75; common stock steers $4.75@5.50. Sheep, receipts 8,000; active; around steady on all classes; two pound cholce Colorado freight paid; two loads Ari- $11.50; some 80 pound Wyo- $11.50; few 114 pound fat | ewes $5.25; two loads plain 63 pound Nevada feeding lambs $11.25. ———— Simpson Ridge Trouble. ‘Well No. 1 of the ‘Producers and Refiners on section 20 is down 3,440 and fishing for 10-inch casing. The Dakota sand will be reached at 3,640 feet, according to estimates based on the log. —_—_———__ | Hatfield Speeding Along. The Hatfield Ol! and Gas com- pany, which is testing the Eight ‘-_ eo mm» tw fe STOGKS CLIMB ON EXCHANGE Leading Industrials Soar De- spite Unfavorable Ger- man News NEW YORK, Nov, §—Shaking off the early restraint imposed by the unfavorable German political news which was reflected in a sharp drop of the foreign exchanges today's stock market again surged upward, leading industrial issues touching new high levels on the mov nt. Sales approximated 1,250,000 shares. @ continuance ‘of yes demonstration in strength motors and accessories Prices at the shares, opening of today's stock market were lower fn most tn- stances among the more active is- sues. Losses, however, were trivial except for Famous Players, which fell off a point, Stromberk Carbure- tor, Kelsey Wheel and Maxwell Motors A opened 1% to 2 points higher. Trading became frregular in the secondary dealings. While the mar- ket showed hasty realizing and bear pressure in response to the German situation which was reflected in a drop of three cents in sterling to $4.40, the lowest of the year, effec- tive support was extended to many of the less popular shares. Strom- berg Carburetor reacted two points to 75 and then climbed to 79. Royal Dutch, Pressed Steel Car and Du- Pont were among the conspicuously weak shares while Davison Chemical was run up more than two points, Efforts to depress prices through speculattve selling and realizing sales halted soon after the opening today when the market displayed considerable capacity to take all of- ferings at slight concessions. Fluc- tuations were restricted to a narrow radius in the so-ca'led leaders, American Can, United States Steel, Balwdin and Studebaker, but else- where the rise was pushed vigor: ously. The motor accessories, equip- ments, foods and public utilities were among the strongest groups and e wide vartety of industrials and specialties ruled one to nearty five points higher. Stromberg Carbure- tor and Railway Steel Springs rose 4% points each. Congoleum ad- vanced 3% to a new high at 1.75, Pullman moved up 3% and Mawvell Motors A gained 3 points. Cail money opened at five per cent. Olls, coppers, leathers and ship- pings took up the pace making when some of the earlier leaders lagred, and there was also a better inquiry for railroad shares, especially Le- high Valley and Reading. Stude- yaker touched 1.04, which was equivalent to 1.06%, allowing for the 2% per cent dividend deducted to- day. The closing wes strong. Jersey Central and Fisher Body up five and 10 points, respectively, were the outstanding strong spots in the late dealings, —_———>___ NEW YORK, Nov. 9.—Foreign ex- changes weak. Quotations in cents: Great Britain, demand, 440; cables, 440%; 60-day bills on banks 437%. France, demand, 5.63%; cables, 5.64%. Italy, demand, 4.38%; cables, 4.88%. . Belgium, demand, 4.88%; cables, 4.89%. Germany, demand 000000000046; cables, .000000000045. Holland, demand, 38.18. Norway, demand, 14.22, Sweden, demand 26.31, Denmark, demand, 16.58. Switzerland, demand, 17.62. Spain, demand, 13.18. Gresce, demand, 1.53%. Poland, demand, .0000%. Crecho Slovakia, demand, 2.90. Jugo Austria, de 0014. Rumania, demand, Slavia, demand, 1.16. mand, “TOWER’ TALK ‘Troubled waters are smoothed by ofl, but what is there to use in tak- ing the waves out of the seas of oil? With Salt Creek crude cut to 60 cents a barrel today one hears much speculation as to what turn is to be given the production end of the industry. Will there be further re- ductions, or has the bottom been reached? Statisticians will soon have lengthy columns of figures to add more perplexities to the situa tion. The way to produce ts to pro- duce—and store it while it is cheap. Partial figures coming tn from the Production test of the first zone in Salt Creek show a falling off by the old wells of about 25 per cent of thelr capacity for output in July. It is hoped that complete figures will be available tomorrow. ‘What's happened to the con- over leases on Gebo dome in Hot Springs county? This struc- ture 4s presumed to be the best un- tested light of] bet in Wyoming. It ig no wonder there has been a bitter contest over acreage, but it seems it ‘would be to the best interests of all concerned to effect some kind of a settlement and then proceed with the finding of gusher or dry-hole. Oy ta ned Aenea Neds Cotton Mil Lake structure in Carbon county, is making hole at a rapid rate. The present depth is 3,830] NDW YORK, Nov eton quiet; middling 33.36, Spot cot-|tenant c : Livestock WHEAT CLOSING lo WEAK TODAY . Foreign Exchange Slump Reflected In Chicago Trading CHICAGO, Nov, *.—Owing chiefly to weakness in the corn market, wheat underwent moderate declines today in the early trading. As a Price making factor here, disturbed conditions in Germany appeared to count for little, but were generally taken as bearish, Dealings in wheat lacked volume, and there was no sign of anything suggesting a bull- ish effect such as in years gone by accompanied news of a warlike character. ‘The opening which ranged from % to %o lower, with December 1.05% to 1.05% and May 1.10% to 1.10%, was followed by a slight further drop and then a lit- tle recovery, In the later trading, the weakness of foretyn exchange rates was a noticeable depressing influence. The market closed weak, % to 1%o net lower, December 1.05% to 1.05% and may 1.10% to 1.10%. Heavy selling in the corn market and sharp setbacks in price re. sulted by the bearish aspect of the United States government crop re- port. After opening % to 1%o low- er, December .77 to .77%, the corn market continued unsettled but re. acted one cent or more from initial bottom figures. ‘The fact that recetpts were ex- Pected to continue small led to good buying at times, but rallies fafled to hold. The close was heavy, 1 cent to 1%o net lower, December “TT to .17%. Oats held relatively firm, opening %@% to K%@%o off, December 42% to 42%, and later hardened somewhat, Open High Low Close WHEAT— Deo. . —1.05% 1.06 1.05 1.05% May , —-1.10% 111 1.10% 1.10% July , —-1.06% 1.07% 1.06% 1.06% cORN— Deo. . 7%, 18% JT TT May. 75% 74% TA July , —-— .75% .76 75% .75% OaTS— Deo, . —— 42% 42% 42 42 May . - « A AA 44% July . — ¥ 43% 43% 43% LARD— Nov. . .---1810 13,15 18.15 Jan, , ---.-12,10 12,15 12.02 RIBS— Jan, . —.. 9.63 May . .-- 9.85 Cash Grains and Provisions CHICAGO, Nov. 9.—Wheat num- ber 2 hard 1.06% @1.10%. Corn number 2 mixed .91; number 2 yellow 1.03, Oats number % white 43% @.45; number 3 white 41% @.43%. Rye number 69. Barley .58@ Timothy seed 6,75@7.50, Clover seed 15.00@23.75, Lard 13.50, Ribs 9.37@10.75. Mutual at Wallace Creek. Rig timbers, casing and other equipment {8 being moved to the Wallace Creek dome by the Mutual Ol company. The test will not be started before next spring but when the weather does permit hauling of supplies it will be necessary to only Procure & crew and finish the rig- ging up and spud with no loss of time. The Wallace hole will be the first test of the Teapot sand in Wyo. ming. Above the tertiary will be drilled and {t is possible production may be picked up in the Fox Hills sand or others before the Teapot is reached. Naturally much interest will be taken in the outcome of the test. Leases are held on the struc- ture by the Consolidated Royalty company. She i Sugar NEW YORK, Nov. %—The mar ket for refined sugar was firmer and prices were 10 to 20 points higher, owing to the higher cost of raws. Fine granulated is now quoted from 8.80 to 8,90 and @ continued good inquiry {s reported. There was a sale of one lot of December contracts in refined fu- tures at 8.70 or 85 points above the previous closing. Sugar futures closed firm; ap- proximate sale 84,000 tons; Decem- ber 6.34; March 4.24; May 4.30; Tuly 4.3! ——————___.- easy; high 6 low 4 closing bid 6; off at 5%; last loan 5; call loans aginst accept- ances, 414; time loans firm; mixed collatern] 80-90 days 5; 4-6 months |5%@5%; prime commercial paper 5 @5%. << »——____ FLAX DULUTH, Minn., Nov. 9.—Close flax November 2.37% asked; Decem- ber 2.38; May 2.38% asked; Jan- uary 2.33 nominal, Pershing Calls PARIS, Nov. 9%—Geneml Per- shing, was received today by Pre-| mier Poincare, The American cctn. |mander was pocampantied by I lone! T. Bentley M American ite “attache. NEW YORK, Nov. %—Call money | Tuling rate 5;/ Upon Poincare) . the | made of t sues rid First 44s Liberty Second 4%s Liberty Third 4X5 Liberty Fourth 4s U. 8. Government 4%s PAGE ELEVEN. All Markets FOREIGN bparryperaamerd Rep. 8s, etfs —_.. ish Municipal 8s inion of Canada, French Republic 7%4s Japanese 4s _.. Kingdom of Belgium 8s — Kingdom of Norway 6s ~~ Rep. of Chile 8s, 1946 -. State of Queensland 6s — , ee Se, 1983 U. K. of G, B. and I., 6%s °87 —_ RAILWAY AND American Smelting 5s —~-~—. American Sugar 68 American Te! and Tel cv., 6s American Tel and col, ¢r,, 68 ———_____ Anaconda Copper 7s, 1938 —. Anaconda Copper 68, 1953 At. T. and San Fe., gen 49 Baltimore and Ohio ev., Bethlehem Steel con 6s, Series A Canadain Pacific deb., 4s ——— Chicago Burlington and Quincy ref., Chicago, Mil and St. Paul cv. 4%s Chile Copper 6s -_.. Goodyear Tire 8, 1941 Great Northern 7s A Montana: Power 66° A. Northern Pacific ref., Northwestern Bell Tel., Pann. R. R. gen, 58 — Sinclair Con Of! col Ta -. Union Pacific First 4s U. 8. Rubber 5s Southern Pacific Western Union 6%5 Westinghouse Flectric Wilson and Co, cv.. 6 44s -——_____ MISCELLANEOUS - 80 Demand for Wool Shows Improvement For Week BOSTON, Nov. 8.—The Commer. cial Bulletin will say tomorrow: “A better tone prevails in the wool market this week, with med jum domestic woots occupying the strategic position in fact prices for such wools are tending upwards. Fine wools still are slow Medium to low scoured are strong. With prices strengthening for lw foreign wools, exports seem Likely to doe cline, The goods marvet is still un- settled but some improvement Is noted tn spots, The foreign markets keep firm and London is about 10 per cent up on al! greasy wools over the last s0- ries. America ts buying next to nothing abroad. The first offerings of fall wools will be made in Texas presently. “Mohair ts quiet locally but ts steady. “The rafl and water shipments of woo! from Boston, January 1, 1923 to November 8, 1923 inalusive, were 125,472,300 pounds against 110,593,- 675 pounds for the same period last year. The receipts from January 1, 1923 to November 8, 1928, inclusive were 391,265,200 pounds aguinst 363,718,511 pounds for the same per- fod last year, ‘The Commercial Bulletin will pub- publsh the following wool quota- tions tomorrow Domestio—Ohio and Pennsytvania fleeces; DeLaine unwashed §3@54c: fine unwashed 48@490; half blood combing 63@540 %-blood combing 52@530, Michigan and New York fleecss— Delaine unwashed 50@51c; fine un- washed 46@47o; half blood unwash- ed 62@58c; %rdlood unwashed 52@ 53; quarter Mood unwashed 4Ta Wisconsin, Missourt and average New England—Halfhloa’d SL@52c %dlood 46@4iTo; \%i-blood 45 @46o. Socoured basis-——- Texas fine 12 months $1.15@1.20; fine 8 months $1.05@1.10, California — Noarthern $1.15@1.20; middle county $1.10; jsouthern $1@1.06, Oregon. number 1, staple $1.25@1.28; fine and fine medium combing §1.20@ 1.25; eastern clothing $1.10@1.282 valley number 1, $1.15@1.1 Terrftoty—Montana, fine staple choice $1.28@1.30; half-blood comb- }ing $1.15@1.20; &Dlood combing $1 @1.02% quarted-blood combing 83 @830, Pulled—Delaine $1201.25; AA $1.10@1.12; A super $1. Mohaire—Best combing T8@83ot best carding 704750. Market Gossip and Briefs * On Operations in Oil Fields Gasoline Reduced. COLUMBUS, Ohio, Nov. 9.—Ef- fective tomorrow the Standard Ot! company of Ohio announced today that the retail price of gasoline at filling stations will be reduced one cent throughout Ohio. The new price will be 18 cents a gallon, The reduction was caused by recent re- ductions tn the price of crude oll, company officials said. MARINE OIL COMPANY, INC. Salt’ Creel. Section 5-39-78—CR-1 Wotverine: Well ts being cleaned out at depth of 2,772, bottom of hole, CR2 Wolverine: Well shot on November 6 between depth of 2,675 and 2,720. Ninety quarts of nitro siycerine used; 45 feet of 3%-Inch shell and 13 feet of anchor. Section 8-39-78—DS-2 Wolverine: Drilling at depth of 2,100; preparnig to run 10-inch casing. Bection 9-39-78—DS-3 Wolverine: Rig is complete and tools are being moved in getting ready to drill. Sheldon Dome. Section 8-5-2—Sheldon No, 2? Drilled through a sand from 3.015 to 8.175 and found water in shale below sand at 8,175. Now under reaming to lower 8%-inch casing about 100 feet to shut off water. Foreign Exchange Drops. | NEW YORK, Nov. 9.—Foreign ex- changes toppled at the opening of today's market as a result of tho situation in Germany. Demand sterling dropped more than three cents to $4.40, a new low record for | the year. New lows for the year | were established also by Spanish Dosetas, Norwegian and Danish nd guilders, while gian franca declined | Cotton Stumps. YORK, Nov. 9%—Cotton dropped sixty to one hundred points | at the opening of the market today. NEW Consolidated In California, A large group of leases that tn clude abou cline in northern Calif | trolled t -| compan 1t 40,000 acres on an a the Mutual Oll company, In event real production fs obtained ft will mean that northern California will have an immense of] fleld. Mofiicine Bow Swabs Fuel. Thirty-two hours’ swabbing has added 800 barrels to the fuel storage at the Medicine Bow test. There is now @ supply of about 1,500 barrels supply on hand. The well is now at 4,110 feet and drilling slowly. A test of the Lakota will probably not be made before next spring. "3 We'll Make Your Home Cosy & Warm Here is healthful heat for the home of your dreams. Every ra- diator {is a complete heating and ventilating unit. Here ts quick heat— no long waits whilethe “system” warms up. Here is convenient heat. A turn of the valve and the striking of a match {is all the work there is to do. Let us equip your home with TER wn OI Radiation. Enterprise Construction Co. 1341 South David St, Casper C. T, Pluckhahn, Rep, Phone 1287-W, , RP Se 1 REY FERZEPEEZS ome a s GSq7k Ges CFTR STETIR LY B