Casper Daily Tribune Newspaper, December 5, 1923, Page 12

WEDNESDAY, DECEMBER 5, 1923 Oil :: Finance FLOATING ROOF TANK INTERESTS OIL ME? By LUDWIG SCHMIDT. and as a result the vapors must The petroleum industry has re-| pass through a narrow allt, the out- cently shown such great Interest In; let of which ts about eighteen Inches the evaporation of crude of! and of |above the surface of the liquid. As- gasoline, and in the prevention of /suming that on an average a %-Inch evaporation losses that almost daily | opening exists between the shell of Bonds NEW YORK STOCKS—LAST SALI. 66% LOCAL OLL STOCKS . Bid Asked Ixtomotive ...-... 73% bes = WEL cf 7 Smeiting and Ref'g 59% Boston Wyoming ———~ .70 Began ae TEN ale“ Ceeek ereoe Tet esl} atten ct skee Tobacco ———---146%4B stackstone Salt Creek .30 there ing develo) and placed |the tank and the shoes, the evapo- Woolen -———.----- 74 |Chappell — 26 on rie snare aay sete agate ehtiees ue ee + Esher peeere tees. Copper: 38% (Columbine -_-—____.10 these losses.|be very small. A tank 30 feet in ‘Centra! Pipe 2.05 cy th en spores |diameter, equipped with a floating 15 Among the recent developments is a@ new type of tank roof known as the “floating roof,” which practical- Jy eliminates the vapor space over | the surface of the ofl, thus removing one of the chief causes of evapora- ‘There are at the present writing ‘at least two types of floating roofs, ‘which, while similar in fundamental principle, differ mainly in the roof and with a %-Inch opening, would have an exposure of two square feet of of! surface. Actual tests show that a 250 barre! lease tank (approximately 170 square feet of exposed surface) containing crude oll of 39.8 degrees A. P. I. gravity, while standing five days lost 9.2 bar- rels or .054 barrels per square foot of surface. On this basis of exposed 58% |Domino — Bethlehem Steel 53% | Exkhorn California Petroteum 23 im. qf, 146% Franta ey 74% Lance Creek Royalty Chicago & Northwestern ..— 61% /Marine — areas, the theoretical loss Gue to|Chicaga MU & St Paul pfd 25% Mountain & Gulf —_ 1.18 1.20 apap Wel geen free Se ieee exposed ofl in a tank 30 feet in dl-|Chicago R I & Pac ——--—. 24% Mosher Okla. 100.00 235.00 aaa ae en een as o float. |@meter, in five days wou'd be only|Chile Copper —-— 27 |New York O1 ———8.50 9.00 of floating roof ts 4 has on its cir-|-108 barrels (4.5 gallons). Up to the|Chino Copper -----——-_--... 16% /Picardy - ---—-—--- 04.05 A ta oc i ieStal, baskets |Dresent time a long tims standing|Consolidated Gas -————-—. 60% Preston —----— 00% 01% eumference flexible iota neainat (test on a foating roof of this type|Corn Products —-133% Red Bank — 2.00 3.00 containing shoo he tank. In the|has not been possible, as the roofs|Cosden Oi — 31% |Royalty & Producers - .07 07% the inside shell oF ting roof contact |!nstal'ed are on working tanks. Con-|Crucible Steel , --—. -—— 67% Sunset #8 other type of floating roe vy tha |wequent'y a laboratory test was made|Cuba Cane Sugar, pfa —----- 53 Tom Bel! Royalty -—- .02 08 with the tank shell Is mai esse |to determine as nearly as possible|Brie — ———. —-—=- 21% | Western Exploration. 3.30 3.60 tse of movable buffers or ;|the loss which would occur from|Famous Piayers-Lasky 71% | Western States 16 UO ‘These are attached to the outer ring of the roof and are pressed against the tank shell by means of springs. of Report. The Bureau of Mines, the exposed ol! between the shoe and 55 |the side of the tank. Field Evaporation Test. Im order to determine the practi- Wyo-Kans Y on. NEW YORK CURB CLOSING |Mountain Producers -.14.75 14.87 General Asphalt 35% General Bectric ex div —..183 General oMtors 13% Great Northérn pfa .. 59% Gulf States Steel -—_-_-. 81 mm con- preve 1 value of a floating roof, com- lalenroek OR "8a tinuing {ts work on the ses “eal coe “ Ilinols Central — -1024% | Glem = - of evaporation of crude off and gaso- | parative gl'ing tests were made on} inom Conteh <——-—--—-—-!e cote Greek Pris ---—---18.25 line, has recently completed tests on |two 1250 barrel tanks both equipped |Seat Creek Cons ——. 7.00 International Harvester —__. Int Mer Marine pfd International Paper Invincible Ol -----—--—--——-. 10% | Kelly-Springfiel! Tire -——--. 31% Kenneostt Copper - 35% Lima Locomotive - 65% 17 32% 33% in turn with ordinary canopy topped roofs and with floating roofs. The tests were carried out by pumping 62 degrees A, P. I. gaso- line from one tank to the other and back to the first tank a certain num- ser of times and measuring the vol tanks equipped with the type of floating roof that makes use of movable buffers or shoes. ‘Although the Bureau ts concerned mainly with the results of the test: ft is deemed sfvisable to give, in considerable detail, the design and Mutual . Cities Service Com ------10.87 .11.00} ~--137.00 139.00 Standard Oil Stocks : Stocks : Grain ————=NEWS AND QUOTATIONS BY LEASED WIRE [ ser vorkstc | ou somite] HAILS BOOSTED |GRAIN PRICES | each showing net gains of 2% points, fhe Casper Dally Crfhune Stocks. Close Firm Despite Heavy Profit Taking tions Fractionally Lower On Exchange Opening NEW YORK, Deo. 5—Heavy pool buying of low priced raf'road shares Buying also wes influenced by spec- ulative expectation that President NEW YORK, Deo. 6. —Stook| - irregularly Closing Unsettled at Quota- CHICAGO, Dec. t.—m the ab : Livestock : All Markets Czechoslovak Rep. 88, ctfs Danish Municipal 8 A - Dominion, of Canada, $e, 1963 French Republic 74s Rep, of Chile 8s, 1948 Kingdom of Belgtum % ——————--———--_-___. Kingdom of Norway 6s ———————————___ PAGE ELEVEN State of Queensland 6s ---—--------—-—__---_____-- U. & of G. B, and 1 American Sugar 6s American Tei and Tel cv., 6s American Tel and col., tr. 68 Anaconda Copper 7s, 1938 Anaconda Copper 6s, At. T, and 6 “87 RAWAL “END WAStELLANEOUS the opening of today’s stock market, | ate Seneral decline. buying being influenced by the over- Pabtge et by ns: oti ew it ae would. have the moral support of the United States and that Ita'y Tit the cloction’ of a epegker ‘at to:| youd need to import about 37,000, v ref., 6s B Northwestern Bell Tel., Ts day's session of congress. Erle com- mon and second preferred again established new 1928 tops and Auto Knitter hosiery advanced a point. DuPoint dropped 1%. The sale of a block of 10,000 shares of Brie common at 21%, up 1%. was the feature of the early deal- ings. The whole market headed up- ward before the end of the first half hour, General Electric and Schulte 000 bushels of wheat had only a temporary bullish influence. The clome was weak. % to %o net lower December 1.05% and May 1.11 to 1.11%. Corn and oats were easy with wheat, despite wet weather. After opening unchanged to %o higher, May .74% to .75%, the corn market declined all round to @ little below yesterday's finish. Subsequent rallies fafled to hold The close was unsettled, at %o net the latter at a new high for the year, while Chesapeake and Ohio, ‘Willys Overland preferred, Houston Oll, Martin Parry, and Manhattan shirt Gained 1 to 1% points. Con- soleum and United States Cast Iron Pipe were among the few heav. spots. Foreign exchanges opened irregular and then stiffened. Encouraged by the strength shown by the Erie railroad issues unchanged to Yc higher, May .48% and later sagged a trifle. Provisions were steady in line with the hog market. WHEAT— Low Close operation of this particular type ‘of | ume of Nes aD ae The na weedy bed ace, coe a float: ,e fi ort includes | pump and conn ions were used tn ——— TF r the De Toot oe nevapecation, tests |ail test runs excepting that when by cece pen : bh NEW YORK CURB made on “working” tanks at the | the bt eed sqeirpes with float- Middle States Onl ATE SES 05% een -—— hing, Okla., and | ing roofs, the swing lines were re- rg met n -— Shaffer renner Cat mage at the|moved and the gasoline entered the|Missourl Kan & Tex (new) 22% ‘Continental - punt ot the Chicago Bridge and | tank through a nipple flanged to the 103% Cumberland - fron Works, Chicago, Til. shell of the tank about one foot t3% Cavena - "yn come stages of handling petro-|above the bottom. In all test runs|\ YT; 0 He & 18% mmmots _ ——-————-186 Bt hapa pr gpa by |the filling line was so placed that it| Noro! estern ————-104 Indjana — 81 Northern Pacific Pacific Of] ~~. Pan American Petrdleum B Pennsylvania — People’s Gas Producers & Refiners —~---- Pure Ol] ~.--—-. Reading - ~---.----------—. Ropublic Iron & Steel Sears Roebuck Sinclair Con. Ot jouthern Pacific --------—- Southern Railway Standard Ol] of N. J. . Studebaker Corporation -—.-104% ‘Texas Co. Texas & Pacific Tobacco Products A Transcontinental Of --—~--- Union Pacifico ——~--180 United Retail Stores --——-- U § Alcohol ..---—-—--——---- United States Rubber United States Steel ~----—-.- evaporation while filling tanks are ended below the surface of the li- 2 ‘abl: reentage of the|auid in the tank, thus eliminating Sst ethtoaitn toe ‘To illustrats, |10ss due to spray. A steam pump an evaporation survey made over a| Was used to transfer the gasoline section of a trunk pipe line* showed | from one tank to the other. that the losses due to filling and] The amount of gasoline in the tying the tanks at the “measur- tanks was determined by measuring ine" stations were about 80 per cent | the outage with a hook gauge. The of the total evaporation losses over | reference points at which the gauges the section of the line tested. These|Were taken were short strips of filling losses are due to the expu Strap fron bo'ted to the top angie sion of air, saturated with gasoline |Of the tank and filed to provide an vapors from the tanks being filled exactly square edge where the tape with oll. Breathing losses due to|/W8s read The strap iron was the flow of air into and out of a|™arked so that the gauges could be tank caused by the constant varia. | ‘@ken at exactly the same point each “tion of atmospheric conditions, ‘are next in importance to filling losses. Before gauging tanks - equipped methods are used to reduce | With floating roofs, the roofs were tihbe losses such as vapor tight| “equalized,” that 1s, each section of tankage**, water seal tops' pray | the shoe was pried away from the gystems and insulation. However, | Side of the tank and at the same bably one of the most effective | time two men walked around the Logi cnas ad | roof which caused it to wave slight ‘N Y Tran - Nor Pipe Ohio Ol 67 223 97% 173 8 40 97 220 42% 2380 93 53 S$ O Ind~-—-—---------58% 58% Eee Crude Market o vapor et | | aoiagas PCA iauid.{1¥- ‘This was done to eliminaze pes ee Le = tS -lcat Creex ---—— $ .95 "Prhe “floating root" described in| Possible effects of friction of th» | ir a O78 | JANOS OE: eae eae at eel this report is designed to float on| Sliding shoe against the shell of] oi, read & Sm ao---- 07% O8AG® ~-——-——-——-————-—-——__- 80 the tank. Several gauges were also made without “equalizing” the roof to determine the effect of friction long the sides of the roof and it oll. Theoretically it should, through | ja the elimination of the vapor space| over the ofl, prove effective in re- ducing evaporation losses. (AP Sh Butte @ Superior —--—-—_--15%4 Grass Colorado Fuel & Iron --24% achlight = 35 Montana Power SSS | Be a - ety Yational Lead --------—-.1234%B Greybul a -----—-—----- 5 was found that the difference In emp Rock Creek -—. as 00 ‘The Floating Roof | | __,.| gauges amounted to only %-inch. | Shattudo_Arizona SHB galt Creek —— See The floating roof con: ‘ ‘ail Temperatures of the gasoline were Big Muddy Sa a marily of a tub about 17% inches! taken with a thief thermometer | line handled, assuming the price of Mule Creek BET deep, and of a diameter a few inches less than that of the tank, which floats on the oll. To the sides of this tub is attached a series of but- fers or shoes which make contact ‘with the inside shell of the tank and allow the roof to move up and down as the oi] level changes while main- taining a fairly tight seal. Such construction when properly designed ‘and installed shouid eliminate prac- tically all vapor space above the oil and prevent exposure of the liquid to the atmosphere. The shoes are about four feet long and are con- nected to each other with strips of heavy gas tight canvas and wire in- eerted asbestos, so as to allow for any expansion or contraction when the roof passes rivets, seams or other irregularities in the shell of the tank. The horizontal plates sup- porting the shos rest on rollers placed in a trough which ts riveted to the upper edge of rim of the tub. ‘These rollers allow a free horizonta) movement of the shoes when pass ing over seams and rivets. Pisces of two and one-half inch pipe about ten inches long, were used for rol- Jers. The trough is filled with ofl forming a liquid seal which prevents the vapors in the space over the o!] Detween the shoe and the tub from passing out into the atmosphere. ‘This space, in which vapors are con fined, amounts to only 180 cubic feet in a 55,000 barre! tank. The shoe ts kept against the shell of the tank by means of a plunger and spring. The spring !s encased in a nipple attached to the side of the tub. Any gases or alr which ac- company the ofl in filling the tank are allowed to escape through a small vent pipe, attached to the tub. The tub is divided into several compartments of balanced area, by strips of threé-sixteenths inch steel plate, eight to ten inches high weld- ed in a vertical pos'tion. These com- partments prevent rain water from collecting on one side of the roof and capsizing it. Means also are pro. vided whereby the water may be especially designed by the Bureau of Mines for evaporation work. Th? temperature of the gasoline was taken one foot below the surface, ai mid-depth, and one foot above the bottom of the tank; from these ob- servations the average temperature of the gasoline was calculated. All volumetric readings were corrected to 60 degrees Fahrenheit. The tanks used were previously in service at the refinery and were of the ordinary “run down" type, 30 feet in diameter and of 1,25 barrels capacity. In the first tests both tanks were equipped with roofs which were made of one inch wood sheating covered with 22 gauge galvanized sheet fron. On the roof the sheets lapped, and at the edges they were crimped under ani fastened to the top chime making a comparatively tight roof. The gaso line was moving in or out of the tanks more than half of the time therefore, the loss due to breathing or leakage of air in and out would be a negligible proportion of the total evaporation loss found. At the beginning of the test, Tank A wns filled and about one foot of gasoline pumped into Tank B. All Alling and other lines were then disconnected from both tanks except the necessary connections to the pump used {n the test. The gasoline was pumped from one tank to the other during one day and allowed tu stand over night, and on the follow: ing day pumped back to the first tank, after which the evaporation loss was determined. Two tests were made with this equipment, about 2.225 barrels of gasoline being transferred in each test. After two tests were made with the canopy roofs they were removed and the tanks equipped with the floating roofs previously described. The tanks were refilled as before and similar test runs made. For these tests it was not desirable to pump the gasoline so low as to allow the floating roof to rest on its “legs’ gasoline to be 15 cents per gallon. It sunburst ~--------___-____ .10 should be noted that these tests Hamilton Dome ----------- .62% were made in cool weather. During the summer months a saving of twice that shown by this test would be # conservative estimate. Fire Tests ‘The floating roof used in the fire tests differs from that used in pre- vious tests in that the liquid seal was eliminated. In order to prevent the escape of vapors from the vapor space between the shoe and the tub, a continuous piece ef wire reinforo- ed asbestos cloth was attached to the horizontal plate of the shoe, the other side being attached to the ver- tical side of the tub. This seal was not air tight, as only one thickness of the wire inserted asbestos was used without any cement. On this roof the shoe sections were} ‘Test No. 3 was made to determine supported by a series of curved! the effect of a steady fire on a shoe hangers. These hangers lean toward| of the roof. the tank so that the weight of the| About two quarts of gasoline were shoe throws it gently against the! poured on the shoe of the tank and tank shell. A system of truss brac-| ignited. This burned for about two | ing was used to hold the bottom of| minutes. There was only one flash the tub flat. The tub was made! around the circumference of tho | three-sixteenths inch steel plate) tank, as occurred in Test No. 1.| riveted and electric welded. The) The exposed gasoline in the slot bi~ tank was thirty feet in diame-| tween the shoe and the tank shell ter, six feet high and was made of! aia not ignite. Y%Anch steel plate, riveted and) ‘Test No. 4 was made to determin calked. the fire hazard when the roof was ‘The roof was first floated on about] covered with inflammable material three feet of water to test the tank|and was the severest test of all. and roof for leaks. One thousand; About five gallons of gasoline were and sixty gallons of gasoline were, poured on the roof and ignited. The then pumped into the tank, which] fire burned for a little over fifteen provided about two and one-half/ minutes. The flames constantly inches of gasoline under the tub | licked over the sides of the tank This insured that the entire bottom] and in the center they were about surface of the tub was in contact|eight feet high. In Beveral places with the gasoline. around the shoe the exposed gasoline Details of Fire Tests caught fire and burned for about five ‘The fire tests were divided into| minutes after the gasoline on tho several parts in order to determine| roof was consumed. The fire around the effect of fire at different points| the shoe was extinguished by cool- on the roof. The tests were mado| ing the hot shell of the tank, shoe on the afternoon of September 25,| and tub of the roof. One man ac- 1923. The average atmospheric] complished this by using four 2% temperature was 75 degrees Fahren-| gailon fire extinguishers. Part of helt with moderate to fresh souther-| the contents of the last extinguisher tank, the flash occurred when the flame was about half way between the surface of the gasoline and the mouth of the slot. Test No. 2 was made to determine the effect of a small fire on the roof of the tank near the center. Several quarts of gasoline were poured on the roof near the centey and ignited. The fire burned for a little over six minutes. At times the flames were akout six feet high. ‘This gasoline burned without ignit- ing the exposed gasoline in the slot around the shell. However, this was @ comparatively small fire and th? flames did not reach the shell of the tarik. drained by an automatic siphon from| (bottom supports) and thus intro-|ly winds. was played directly on the flames. each compartment into the bottom| duce air under the roof, which| ‘Test No. 1 was made to determipe Discussion of Fire Tests. ‘of the tank where it may be drawn] would cause evaporation loss. In| the effect of a flame brought int: The above tests show that it ts off periodically. r In a cylindrical tank the shoes should rest flush against the shel! of the tank except when passing the rivet head or the thickness of from the tank shel! the depth of over the rivets or seams where a section of the shoe wil! stand away the plate. This results in an ex posure which is a very small por- tion of the total area of the tank. However, to réduce evaporation due ng roof is 1.3 barrels per 1000] flash. It is interesting to note that vapor escaping around the shell will | to this exposure of the quid the ‘ pumped, which amounts to] when the flame was lowered into then become ignited and burn until shoes are made about 23 inches high] $8.19 per thousand barrels of gaso- the slot between the shoe and the the inflammable material on top of rmal operation the roof does not y fall to this paint. On this account only 1,900 Barrels were umped for each test with the float- root. The roof displaced an rage of about 2% inches of gaso- of ‘the roof dua ight of the shoe at the submersion was peing about six inches. average saving with the contact with the vapors in the open ing between the shoe and the tank shell. Also attempts were made to ignite the exposed portion of the gasoline by dropping a lighted taper into this space. In each instance there was a flash around the circum- ference of the tank. which consume! the gasoline vapor and air mixtur~ already in this opening. There wa: no evidence of fire after the firs: practically impossible for gasoline to burn continuously in a tank properly equipped with a floating roof as described, even though the | vapors between the shoe and the! tank shell are ignited by means of sparks or fires. However, if there {s any inflammable material on the roof and it 1s ignited, it will heat he gasoline immediately ander the roof so that it will vaporize. The Open High Deo. — ——1.05% 1.05% 1.05% 1.05% Mty . =--111% 111% 1.11 1.11 July . —1.99 1.09% 1.08% 1.08% cCORN— which moved up 1% to 8 points be- fore noon, professional traders on the long side of the market resumed their campaign for higher prices in her esntior — 4% 4% 8% 73% ot! ms of the list, lifting nearly a dozen stocks to new high =: Ten 10 ree TH records for the year. Low priced i " - .e a rails were in good demand at higher ices but th were -_——_— AB% ASH 43% Sethe socalled Tupetlettion wou — 45% 48% 45% 46 worth jumped nearly three points MAAK AON 44% 44% to 4 new 1928 top and gains of two to three points were registered by American Telegraph and Cable, Goodrich Rubber preferred, Schulte Stores, Mack Truck, Market Street Ratlway prior preferred and second preferred. Call money opened at 4% per cent. Old line speculative favorites such as the “independent steels, Baldwin. American Can, Studebaker and American Sugar rose smartly after mid-day when the general buying movement assumed a much wider scope. Quite a number of ordinarily 1.87 11.90 May . 10.08 Cash Grains and Provisions CHICAGO, Dec. 5—Wheat: num- ber 1 bard 1.10%; number 2 hard 108%. Corn number 8 mixed .75@.75% number 3 yellow .78%4. Oats number 2 white 45@.46%: number 3 white 44@.45. Penn, RR. gen. 6s Sinclair Con Cil col Ts Union Pacific Firat 4s U. 8. Rubber 6s... Southern Facific ev., 4s Utah Power anf Light Se Western Onion 6%8 .—. Westinghouse Electric Ts Wilson anc Co.. ev., New Wells in Salt Creek west for the past week. Associated well No. NW% of sec. 24-40-79, produced 1, 445 barrels the first 24 hours. depth of this new well was 1, feet. On the NE of sec. 13-40-7 Montain and Gulf well Three completions make up the’ Salt Creek completions of the Mid:| location Wyoming 26-A on the The Hogback—No. & SH% 19-26-16, made. San Mateo—Well No. 1 SWY% 16 14-8, rigging up. Ambrosia Lake—No. $1 NW 13- 0, no reports. No. 12-A flowed 185 barrels the first day, out was later shot and is now making 560 barrels at 2,500 feet. Since there Was no initial flow {it will be neces- sary to shoot Salt Crek Consolidated well No. 21-AX, NW% 2-89-79, #@hich 0 feet. Rpports 4n fields, is in sand at 1,1 Midwest operations in other follow: Nelber Dome—No. 1 SW% 13-5- underreaming 93, depth 3450 feet; 8% inch pipe on bottom. North Casper Creek—No. 36 8X, 36-37-82, depth 1097 feet; shut off for the winter. depth 3687 feet; pulling casing. EXk Basin Field—well 2 Elk 11, depth 350 feet; straightening hole at 337 feet. ‘No. 1 NWY 16-4463, CHICAGO, Dec. 5.—(U. S. Depart- ment of Agriculture.)}—Hogs—Re- ceipts, $6,000; very slow, weak to 10c lower than Tuesday's average: bulk good and choice 200 to 300 pound butchers, $7.05@7.25; top, $7.35; bulk desirable 160 to 190 pound averages, $6.75@7.00; packing sows, $6.60@6.85; ipligtene ; ind $6. @rou: 25; heavyweight . 5 ht Heh $6.0096.81 Hg 0 rough, Rye number 2, .70@.72. Barley 60@.61. Timothy seed 6.50@800. Clover seed 15.00@23.75. Lard 12.25. Ribs 9.624)10.37. —a——— FLOUR. MINNEAPOLIS, Minn., Deo. 5. inactive shares made striking ad- vances, Including American Radia tor, which was up four points to a new high figure for the year. Phillips Petroleum declined a point. The closing was firm, Some of the tobacco shares reached new 19A Ridgley—depth 1025 cemented 12% inch casing, Being drilled with ro. December 3. tary. to screw pipe together. Well 19-A Meeteetse 15—depth— 2850 feet; underreaming and trying nate 60; slaughter pigs, $5.50@ Cattle—Recetpts, 9,000; fed steers, yearlings and desirable beef heifers, Active, strong to 25c higher; fat cows, steady to strong; bulls, strong to 10c higher; fed steers run largely Flour, unchanged to 100 higher: patents, 6.15@6.40. Bran, 1923 tops in the last hour but there tamil 26.00@27.00. was heavy profit taking among other industrialists, | Woolworth breaking 4% points from its early high end Maxwell Motors A 2. a =< NEW YORK, Dec. 5.—Foreign ex- changes firm. Quotations in cents: Great Britain, demand 439%; cables, 439%; bills on banks, 437 France, demand 6.46; cables, 5. < Italy, demand 4.3 Belgium, demand 4.71; cables, 4.71% Germany, demand .000000000025 cables, .000000000025. Holland, de mand 38. cables, 38.23. Norway. demand 15.02. Sweden, demand 26.28. Denmark, demand 17.8 Switzerland, demand 17.47. Spain demand 13.07. Greece, demand 2.10. Poland, demand .000030. Czecho Slovakia, demand 2.93%. Slevia, demand 1.13%. Austria, d mand .0014. Rumania, demand .5345 Argentina, demand 31.70. Flax DULUTH, Minn., Deo. &—Close fax, December 2:42%; January 44%; May 2.42%. Metals NEW YORK, Deo. 5.—Copper quiet; electrolytic, spot and futures, 13% @13%. Tin, firmer; spot and nearby, 47.37; ‘futures, 47.25, Iron, easier; No. 1 northern, 22.00 @23.00; No. 2 northern. 21.50@22.00 No. 2 southern, 21.00@22.00. Lead, steady; spot, 7.00@7.25. Zinc, quiet; East St. Louis spot and nearby, 6.30@6.35. Antimony. spot, 8.65@ Money NEW YORK, Dea 5—Call money easier, high 4%; low 414; ruling rate 4%; closing bid 4%; offered at call loans against NEW YORK, Dec. 5.—Bar silver. 64%; Mexican dollars, 49% the roof is consumed. In Test No. 4 In order to extinguish the fire, the roof around the shell was first cooled, thus preventing the rapid formation of additional vapors. The ease with which the fire was ex- tinguished indicates that the fire would probably have snuffed itself out if the seal had been vapor tight. As a matter of fact In a later teat monde on this roof after the seal wa made gas tight, as shown In Figure 3, it was reported that the fire snuffed itself out after the in- flammable material on the roof had been consumed. ‘The primary function of the float- ing roof is to reduce evaporation losses by eliminating the vapor ‘space above the oll, thus preventing breathing losses and losses due to circulation of air over the liquid. By elimination of the vapor space the fire hazard is also reduced in thet there is no large confined space filled with explosive vapor, nor is there any large body of liquid ex- posed to the alr. With this type of construction the exposed liquid is in a very narrow slot of sufficient depth to prevent free circulation of the alr which is necessary to sup- port combustion. Ch Co SS a Don't forget the Rinkeydinks on Friday, NW YOKK, Dec. 5.—Spot cot ton, quiet; middlin; LIBERTY BONDS, NEW YORK, Dec. _—Liberty closed: 8148, 99.28; Second Motor Merger Off NEW YORK, Dec. 5—Confirma tion of reports that the proposed merger of ths Studebaker and Max- well motor company had been aban: doned, was furnished today by James C. Brady, a director of the Maxwell Company who declared that overtures for such a union came from the Studebaker corporation. Market Gossip On Operations in Oil Fields Baxter Basin NE 11-17-104, cleaning out and running 6% inch. Golden Eagle Field 2630 feet; drilling. Well No. 1—SW%_ 11-45-91, depth 2090 feet; drilling. (Rotary). New Mexico Fields Jones Dome—No. 1 SW\% 28-13-23, depth 50 feet; 15% cemented. Potatoes shipments 467; round whites U. 8. number 1, 1.00@ 1.15 mostly around 1.0! sacked round whites U. S. number 1 and partly graded 90@1.00; sack- ed red river Ohios .90@1.05; Idaho sacked rurals U. S. number 1, 1.25 @1.30. Butter and Eggs CHICAGO, Dec. 5.—Butter, lower, creamery extras, 63c; standards. 49%4c; extra firsts, 50@520; firsts 46@48c; seconds. 42% @43%o. Eggs, higher; receipts, 2,610 cases: firsts, 46@50c; ordinary firsts, 37@ 42c. Sugar Aves, Vee. o.—Lne renned market continued quiet and prices were unchanged at 9.20 to 9.25. for fine granulated sugar. Refined futures nominal. Sugar futures closed steady; ap- proximates sales 17,000 tons; Jan- uary, 6.14; March 4.65; May, 4. July 4.73. and Briefs COTTON PRICES BREAK. NEW YORK, Dec. 5.—Violent break in cotton prices occurred in the final hour of trading on the lo cal market today, January dropping 34.45 and March to 84.70, represent- ing 105 to 110 points decline from ‘ast night's closing and off $13 to $15 per bale from the recent high records. The break reflected heavy general selling mostly for Liverpool. Japanese and Southern accounts, Field—well 6x; depth 2785 feet; Well No. 1—SW 12-45- 97, depth CHICAGO, Dec. 6. — Potatoes! steady; receipts 81 cars total U. 8. Wisconsin sacked Minnesota short fed; early sales, largely $7.75 @10.00; some weighty steers, $11.50; choice yearlings, $12.25; few loads strong to heavyweight highly fin- ished steers held considerably above $12.00; stockers and feeders, firm, scarce; vealers, 25 to 50c higher; backers paying upward to $10.00; outsiders $10.50 and above; light vealers, $9.00@9.25. Sheep—Receipts, 11,000; slow; kill. ing classes generally steady; feeding lambs, scarce, looks around steady; good and choice fat lambs, $12.50@ 13.00; early top to city butchers, $13.15; odd lots medium and handy weight ewes, $6.50@7.00; no early sales feeding lambs. OMAHA QUOTATIONS. OMAHA, Neb., Dec. 5—(U. 8, De partment of Agriculture).—Hogs— Receipts 12,000; mostly Steady to 10c lower; bulk $2.00 to 3.25 pound butchers $6.60@6.85; top $6.95; mixed loads carrying packing sows and Vghts $6.25@6.50; packing sows eee. $6.15@6.25; roughs on down ; @verage cost yesterday $6, weight 248. ti men Cattle—Recetpts 7,000; fed st and yearlings strong; spots higher} bulk _ $7.50@9.50; several loads weighty short feds $8.75@9.25; best long year'ings held at about $12 few loads yearlings $10@11.50; she stock strong to 15c higher; bulk butdher cows and heifers $3.75@ 6.25; bulk canners and cutters $2.50 @3.50; bulls steady; bulk heavy bo- lognas $3.25@3.75: vealers steady to 250 higher; light weights $99.50; culls most'y $4@5; stockers and rs to strong; 5 aon steady ig; bulk $5.50 Sheep—Receipts 15,000; fat: tive; fat lambs strong to 15c hikers wooled lambs $12@12.25; latter price Paid by shippers for sorted ‘eht lambs; fed clipped lambs $10.65; sheep fully steady; light ewes $6@ 6.50; wethers $3, yearlings $10.25; feeders scarce, steady. as DENVER, Colo., Dec. 5—. 8. Department, of Agriculture.)—Hogs —Recetpts, 1,500; mostly steady; spots 5c lower; few choice 254 Pound averages, $7.25; practical top, $7.15; bulk 190 to. 215 pound averages, 80 to $7.10; ight lights, $6.00 to $6.25: packing sows and Pigs, steady; smooth packing sows, $5.50; stocker “needa! to $5.50. tle—Receipts, 2,000; calve: H steady; Wyoming feeder steers ayer aging 1,150 pomnds. $6.65 yearling steers, $6.75; few cows, $! ieee kind, $4.00 to $5 .25 to $6.65; canners, mostly $2.50: few vealers, $8.00; feoder cows, $4.06 to $3.65; medium stock heifers. $4.00; choice stock steer calves, $6.75. Sheep—Receipts, 1,500; fat lamba, steady to weak; three loads, $11.00; sheep and feeder lambs, 5 ady to seal ; one Se feces ewes, $5.15; common ¥; eder penis y te jambs