Casper Daily Tribune Newspaper, January 10, 1924, Page 9

ANOTHER DECREASE IN CRUDE IS SHOWN Pipeline Runs Fall Of 43,700 During Week, According to Barrels Daily Figures Made Public by Institute. NEW YORK, Jan. 10—The daily average gross crude of! production of the United States decreased 43,700 barrels for the week ending January 5, totalling 1.884.050 bar- Ns, nccording to the weekly sum- mary of the American Petroleum Institute. A decrease of 16,750 barrels in the daily average produc- tion of the Salt Creek field in Wyo- ming)a@nd of 20,050 barrels in Call- fornia accounts for @ substantial amount of the decrease of 48,700 barrels. The dally average produc- tion east of the Rocky Mountains was 1,183,750 barrels, a decrease of 23,650. California production was 700,200 barrels, a decrease of 20,050. Oklahoma shows a daily. average Production of 365,300 barrels, a do- increase of 200; north Texas, 64.950, an increase of 1,700; central Texas, 176,150, increase 750; north Louis jana. 63,550, decrease 200; Arkansas, 115,650, decrease 2,600; Gulf Coast 89,400, increase 550; eastern, 108,000, decrease 1,000; Wyoming and Mon. tana, 139,850, decrease 19,550; Call- fornia, 700.300, decrease 20,050. Daily average imports of petro- Jeum at principal ports for week ended the month of December were 296,484 barrels, compared with 235,- 723 barrels for November and for ‘Week ended January 5; 291,000 com- pared with 261,857 for the previous week. Daily average receipts of California oil at Atlantic and Guif coast ports for month of December Were 180,355 barrels, compared with tor month of November, and eek ended January 5; 204,429 barrels compared with 93,143 for the previous week. War for Supremacy in Oil Markets of Canada Is Seen BY J. C. ROYLE it was confiscatory. Efforts have (Copyright, 1924, The Casper Tri-{héen made to have the Canadian fed- Dune) NEW YORK, Jan. 10,—Recent |the A'berta law non-effective. action of the Alberta Canada legis- | far eral government intervene to make So the federal. authorities have lature may result in a bitter war for! shown no indication of taking such Canada and of England itse't. The | steps and reports from Ottawa in- supremacy in the oil markets of|dicate that interference is improb Hudson Bay company,’ the oldest | able. Some idea of the tremendous corporation dn existence and one of: holdings of the Hudson Bay com- the greatest land holders in the en- tre world has made grants to ex- plolt its Canadian properties in Al- berta for ofl to certain outside tn- terests. Success in this exploita- tion, even in a moderate 5 vould endanger the hold on the northern markets possessed at pre: pany may be gained from the fact that the company has title to one and three quarter sections out of ch 36 sections of the wester@ Ca- nadian townships, and not only has title to the a but also to the min- erals and fuels which lie beneath it, These rights which are those in- ent by the Imperial Of of Canada. | volved in the recent oll concessions Inc., known as one of the Standard! are regarded as extremely va'uable OU group and contro'led in large|/and geologists express. I{ttle doubt part by American capitalists, The Alberta legislature's part in the situation consisted in the pass- ing of a law providing that compa- nies owning rights to sub oll prod- ucts on their lands must exploit that proper exploration will result in the discovery of valuable oll de- posits. The outcome of the struggle will depend, the experts say, on the location of the new deposits with reference to the markets, the cost them, pay heavy taxes or surrender |of pipe ines and other transporta- them to the province. The Hud- son Bay company has fought this tion and the. financial strength which ‘the Hudson Bay’ concesston- regulation vigorously declaring that aires can muster, Trading News in Comodity Markets of Country a On. SHREVEPORT, Jan, 10.—A total 66,367,130 barrels of ofl was pro- ed in Arkansas and Louisiana year, the daily average for the months being 179,464. There 2,376 new_wel's completed of jch 1,828 were producers, Arkan- furnished 797,222 barrels initial duction and Louisiana 16,192. ROVIDENCE, R,. I., Jan. 10.— Atlantic Refining company will struct a large receiving and dis- yuting plant here which will make vidence the chief oil port in New land. The greater part of the tican oil now coming to this ter- is being shipped here, The plant will have tankage to 135,000 barrels. Automobiles. * EAPOLIS, Minn, Jan. 10. he .total receipts to the state from licenses of automobiles, chautf- feur registrations, transfer fees and Penalties in 1923 amounted to $7,- 337,520, according to Secretary of State Holm. There were 454,395 ve- hicles registered. d Tobacco. LANCASTER, Pa., Jan. 10.—To bacco growers fear the Japanese beetle will damage the tobacco crop this year, The insect made its ap pearance within 18 miles of the to- bacco fields last season and a strict quarantine will be established. Wool, FORT WORTH, Texas, Jan. 10.— Wool deliveries which have been de- layed by bad conditions of the coun- try roads are now made and fal’ clips sold some weeks ago subject to delay in shipment, are being moved to purchase: rong Program Arranged or Fort Collins Visitors Vhen the visitors from Fort Col- in northern Colorado meet with Wyoming Petroleum club here its regular gathering at the house next Tuesday evening, ly will find that an excellent pro- n has been arranged for them. ‘he talks that are to be given il be of much value to them from standpoint of procuring infor lon on the basic principles of inaustry, as explained by rpe The program sat present includes an exposition on the fundamentais of petroleum geology by Frank B. Taylor, Rocky Mountain repre- sentative of the Oil & Gas Journal and the Oil City Derrick; “Produc- tion and Distribution of Natural Gas,” by Ernest Marquardt, geolo- gist and general manager of the New York Of] company; “Functions of the Bureau of Mines in Relation to the Ol! Industry,” by C. E. Beecher, deputy supervisor of the bureau office here. arket Gossip and Briefs On Operations in Oil Fields Steel Orders Accumulate, NEW YORK, Jan. ders of the United States Steel poration on December 81, made blic today, totalled 4,445,339 tons, gathered around the derrick to wit- 10,—Unfilled | ness the event, TOO LATE TO CLASSIFY Anaconda Copper -....-.. Atchison -.. Atl, Gulf an ‘: Baldwin Locomotive -........ Baltimore and Oblo —-_-.. Bethlehem Steel California Petroleum ---.. Chicago and Northwestern —_ Chicago, Mil., and St. Paul pfa Chicago, R. I. and Pac, .... Chile Copper ..-.-.-..---.-- Chino Copper -—-...-. Consolidated Gas Corn Products Coston, Ol nn aces nns. Crucible Stee! General Asphalt General Electric — General Gulf States Steel -. Linois Central — International Harvester inspiration Copper Int. Mer. Marine pfd. — International Paper Invincible Of ~-..._....... ‘Kelly Springfield Tire . Kennecott Copper Lima Locomotive — Louisville and Nashy Mack Truck --... Marland Oj! . Maxwell Motors Midtle States ON _.-_. Mssouri, Kan., & Texas new Missourl Pacfic pd. ..._. New York Centra} N,-Y. Ne Norfolk and Western - Northern. Pacific Pacific OL. ?an American ?ennsyivanta. People’s Gas me wy ?roducers and Refiners —._.. °ure Oil —. Mnelair Com Ol! ---.2--L outhern Puctire .. standard Oil of N. = Studebaker Corporation -___ Texas Co. -_. “exas and Pacific Tobacco Products A “ranscontinetal Oll Tnion Pacific —.. nite] Retai! Gtores "8. Ind. Ate tnited States ¥ nitec) States Steel tah Copper eae Vestinghouse Electric .. Villys Overland . — \merican Zinc, Lead and Sm. Sutte and Superior —--. “oorade¢ Fuel and Iron -..._ Montana Power National Lead 15% 16 Buckeye Continental Cumberland Calena Tilinois Indiana Nat. N.Y. Tran -----------.90 Nor, Pipe -..-._____ 94% Ohio OU ~~~. Prairie Oil ~---.... 259 Prairie Pipe -------.-. 105 Salor Ref. ..-----. Sou Pipe -—. 95% wocew--- 15% 76% 261% 106 97 46% 47% 205 215 65% 65% 46 46% 310315 90 = 95 57% 53 159 160 65% 65% —— Crude Market Cat Creek “840 Lance Creek 1.35 eo Spa dati DEC RES 4 Grass Creek ~-. 1.40 |Torchlight ESTE SERN Elk Basin — 1.40 Greybull 95 1.10 1.00 85 -70 70 52% 8. O. Neb. 8. O. Ind. 8. O.'N. Y, --.-----— 8.0. Ohio =. Union Tank’ -. Vacuum ---.. 8. 0. Rock Cree! Salt Creek |Big Muddy -. {Mute Creek Sunburst Hamilton Dome || Foreign Exchange | NEW YORK, Jan. 10.—Foreign ex- increase of 76,755 tons over those }~OR RENT—Three-room furnishe.)| changes easy; quotations tn cents: the end of November. Stockholders Meeting. ‘he. regular annyal meeting of Ufilted States Oil and Refining pany will be he'd at Osage, yo., January 21, Spudded in Today. *t noon today the Union Oil com- ¥ of California spudded in its | house, very desirable location; $27 month; lights paid. Phone J. DB. eSott 1339, between 7 and 10 p. m. FOR RENT—Beautifuly threergem apartment, $60 per month. Phone J. B. Scott, 1339R, between 7 and 10 p. m. furnished For results try a Tribune Clas well three miles north of Fort| fied Ad. ns. Colo. A great crowd was‘ ! i Great Britain demand 42814. en Butter and Eggs CHICAGD, Jan. rr; creamery 10,--Butter low- e extras .53%4; stand- a irsts .8644@.36%. Cow Gulen ---.-.----. Domino -.. Elkhern = -----..-. E. T. Williams Jupiter .....---. Kinney Coastal ----.- Lance Creek Royalty.. Mountain & Gulf -. Mosher Oxia ---..— .100.00. 125.00 New York Oil ..-.--..11.00 12.00 Preston -. 00% OL Picardy --.-------.-.. .03 04 Red Bank --.-.--.--- 6.00 Royalty & Producers — .09 Sunset —_ Tom Be'l Royalty -.-. Western Exploration - Western States Mountain Producers — Glenrock O1 - 143,00 — Livestock Chicago Prices. CHICAGO, Jan. 10,—Hogs—Re- ceipts, 70,000; fairly active; mostly 10c lower than Wednesd aver- age; good and choice 250 to 300 pound butchers, $7.10@7.10; top, $7.10; bulk desirable 200 to 230 pound averages, $7.00@T7.05; pack- ing Sows, rough, $6.40@6.60; slaugh- ter pigs, $5.50@6.50. Cattle—Receipts, 16.000; run late in arriving; liberal share todgy’s re- ceipts not yard: killing quality generally plain; beef steers and year- lings early, strong to 26¢ higher; ractically all grades showing ad- nce; best long yearlings, $12.00; bulk fed steers, $8.25@10.00. Sheep—Recelpts, 15,000; slow; early sales fat lambs, looks steady to strong; sheep, weak to around 26c lows feeding lambs, steady: most fat wooled lambs, early, $13.00 @13.50, ‘Omaha Quotations. OMAHA, Neb., Jan, 10.—Hogs— Recetpts 9,000; slow and steady; bulk 220 to 235 pound butchers, 36.70@6.85; top $6.90; lights 160 to 200 pound average $6.40@6.70, Cattle—Recetpts 4,500; fed steers and yearlings active; 15@25c high- er; mostly 25¢ higher; spots up more; bulk $$@9.25; best steers $9.65. Sheep—Recelpts _ 6,000; ambs steady to strong: lambs mostly $12.75@12.85; ambs 10.60, active; wooled clipped Denver Prices. DENVER, Colo., Jan. 10.—(U. $. Department. of Agriculture.}—Hogs —Recelpts, 3,200; early sales strong ‘o 10c higher; fow sales and mos: ate bids weak to 10c lower; ton, $7.10 paid for choice 210 to 230 pound averages; early bulk of me- dium ‘to choice 180 to 230: pound averages, $6.75 to $7.0 packing steady, mostly $5.75; fat pigs. , steady; few stock pigs, $5.25; about one half of run unsold early. Cattle—Receipts, 1,000; calves, 60; she stock and calves, steady to strong; other classes steady: few ‘oads heifers, $6.75 to $7.05; cows, $5.40 down; canners and cutters, mostly $2.00 to $3.00; medium fut bulls, $4.00 to $4.10 one load good steers, $8.50; practical top vealera. $10.25; odd lots, $10.50; three loads good stock cows, $3.75; plain to fal’ ly good feeding steers, $6.25 to $7.28. Sheep—Receipts, 3,500; fat lambs, strong to 25c higher; top, $12.60, freight paid for good and choice $3 pound averages; few 95 pound aver- ages, $12.25, freight paid; one load 93 pound averages for nearby feed lots, $12.00; no sheep nor feeding lambs sold early. Sugar NEW YORK, Jan. 10.—No changes occurred in the refined sigar market and business was quiet. Fine granu- lated ranged from 8.25 to 8.60. Re- fined futures nominal Money NEW YORK, Jan 10 easier; high 4%; 1 lateral 60-90 days 4% @5, four to six months 4% @65. Silver NEW YORK, Jan. 10.—Bar stiver .63%. Mexican dollars’ 484 Cotton NEW YORK, Jan: 10, quiet; middling 35.00. Spot cotton OTOCK PRICES ON UPGRADE Profit Taking Fails to Halt Climb In New York Trading NEW YORK,, Jan. 10,—Stock prices continued their movement te higher ground in today’s active stock market despite heavy profit taking and bear selling in various sections of the Ust. Bullish opera- tions were encouraged by the in- créase In the unfilled tonnage of the United tates Steel corporation, breaking of the deadlock over the chairmanship of the tnterstate com- merce committee of the senate, higher lead and eastern crude oi! Prices and lower money rates. Sales approximated 1,300,000 shares. NEW YORK, Jan. 10.—Stook prices moved, within narrow mits at the opening of today’s stock mar- kets with gains and losses about evenly Glvided in the initial trans- actions. Irregularity continued through the early dealings. Low priced rails were again in demand, with Rock Island moving up 1% and assuming the Jeadership of that group, The series of bullish demonstra tions among industrial shares, par- Ucularly the merchandising issues, Was suggestive of pool operations. Meanwhile, profit taking and short | selling were taking place in other sections. of the lst. money opened at 4% per Four per cent call money, an tn- crease in United States Steel ton- nage figures and higher prices for lead and crude oi] contributed to 1 higher ze of prices after midda: The closing was irregular. Inde. pendent steels, Remington Type- writer and American Woolen were in brisk demand in the late dealings but f selling broke out in some of the oils, motors and tobaccos. FEDERALS OPEN GREAT DRIVE (Continued From Page One) ficers of the company have been advised, TIME EXPIRES FOR PAYING OIL TAXES. NEW YORK, Jan. 10.—Expiration today of the time limit for payments by American oil companies in Mex- ico of the Mexican o!! production taxes probably will bring from the American companies statements as to whether they have decided to pay taxes to the Obregon government or to Acolfo De La Huerta, revolution- ist leader, who has claimed the money and has asserted his forces controlled a large portion of the northeastern oj! fields of Mexica WEALTHY LAND OWNER DEPORTED. EL PASO, Tex., Jan. 10.—Manuel Agulrre, Spaniard, said to be one of the wealthiest land owners in the state of Zacatecas, was expelled from Mexico today when accom- panied to the border by military of- ficials. Aguirre is“said to be the seventh native of Spain expelled from the republic on charges of ald- ing the rebels. The specific charge in the case of Aguirre was that he surrendered his automobile to a party of rebels when they demanded it. He claimed that his life had been threatened. HOME GUARD RECRUITING SLOW. CHIHUAHUA CITY, Mex., Jan. 10.—Efforts being made by Genera Ignacio Enriquez, commander of the northern military zone to recruit four regiments in Chihuahua City, Parral and Juarez are meeting with luke warm receptions, it was an- nounced today. The regiments would be used for home guards and would consist of 500 men in each or- ganization. Reasons assigned for the apathetic attitude of residents of the state are that Chihuahua has as yet been untouched by the revo- lution and that nb armed peace is desired in tho state, DEADLOCK IN SENATE ENDED (Continued from Page 1.) The Dyer bill which was -passed by the house af the last session, but failed’to get through the senate was taken up by the judicial committee and the administration’s policy with respect to alding the Obregon gov- ernment through the sale of surplus war materials and in other ways eecupied the foreign affairs com- mittee in its consideration of the resolution introduced py Represen- tative Fairchi’d, Republican, New York, to prohibit sale of munitions ‘dy the United ‘States to any foreign government. . ‘The house. immigration commit- tee began work on a. Graft, of the proposed new bill, which would re- strict immigration to 2 per cent of the foreign born of each nation in } thé “United States in 6 |2 per cent of the blood r foreign born here, and the ture committees of both the Jana house continued their studies of farm relief legislation. senate WHEAT CLOSE (3 UNSETTLED Prices Show Increase De- spite Selling From Eastern Sources CHICAGO, Jan, 10.—With corn today again breaking the high price record for the season, wheat scored @ material upturn in price during the early dealings. Unexpected strength of wheat values at Liver- pool counted as an additional bull ish factor here. Besides, weather conditions throughout the west were unfavorable for the movement of grain. After opening % to Sc higher, May 1.09 and July 1.07% to 107%, wheat made further gains and disp'ayed but little tendency to react. Subsequently. lack of snow cover- ing in parts of the domestic winter crop belt, together with forecasts of &@ cold wave, attracted notice, but stern séiling eased the maraet at the last. The close was unsettled at % to %@%&c net higher, May 1.08 % to 1.08% @1.09 and July 1.07%. Big buying on the part of com- mission houres lifted the corn mar- ket. Next to no corn was obtained on overnight bids from the coun- try. The opentne, which ranged from % to “ic "g-her, May .78% to 78%, was soon followed by a slight further advance In thé final hour the corn market underwent something of a sag when wheat became less firm. Corn clos- ed unsettled, to %c net higher, May .74% to .744@%. Bastern demand gave independ. ent strength to the oats market, which started a shade to half cent higher, May .46% to 46%, and later continued to harden. Provisions were upheld by grain, notwithstanding a decline in hor values. Open High Low Close WHEAT— 1.07% 1.07% 1.07% 1.07% - 1.06% 1.06% 1.06% 1.00% 79% 46% 44% 43% AB 44% AD 12.35 12.23 9.90 10.00 Cash Grains and Provisions CHICAGO, Jan. 10.—Wheat num- ber 2 hard 1.11%; number 3 hard 1.07@1.08%3. Corn number 2 mixed -76; number 2 yellow .76%5. Oats number 2 white 45% @.46% ; number 3 white .454%@.45%. Rye number 2, .73. Barley .6044@.68. Timothy seed 6.50@8.00. Clover seed 18.00@23.50. Lard 12.70. Ribs 60 pound averages, 9.87. FLOUR. MINNEAPOLIS, Minn., Jan. 10.— Flour, unchanged to 10c higher; family patents, 6.30@6.50. Bran, 25.50@27.00. ———. NEW YORK, Jan. .10.—Liberty bonds closed: 3% 99.26; second 4s 98.19; first 4%s 98.26. Second 4%s' Third 444s 99.20, Fourth 4% ASSASSINATED SPEYER BAVARIAN, Palatinate, Jan. 10.—({By The Associated Press) -<Herr Heintz, the separatist leader, president of the autonomous govern-| ment of the palatinate, was assas-| sinated here last, night. Later five persons were killed in collisions between the separatists, whose headquarters are here, and. the populace of the city. BERLIN, Jan. 10—The Fank-)| furter Zeitung reporting the assas- sination of Speye president of the autonomou govern. ment of the Rhenish Palentinate, says that three other separatist Jeaders were shot dead in a Speyer| hotel, Several prsons were wounded. The shootings wre the work of a! band of armd men. ' fresh alr, a good NR Tablet to make your ction fo 00 diserest tea mahi te a action Ie'eo Riterest fe = lighthully surprised V hei / 7s Teelseay LM a ELLLAT is ey Chips off the Old Block NR SUNIORS—Littio Ns One-third the regular dose. GPRS Mace of same iner LE} ents, then candy coated. For children and adults, SMITH-TURNER i of Herr Heintz, | Szechoslovak Rep. 88 ctfs -. Danish Municipal, Sr Dominion of Ca: Fren: Rep. of Chile, Hate of Queensland, 6s J. K. of G. B. and I, & RAIL Aunerican American American ‘ American ‘ Anaconda Anaconda Copper, 6s. At. T. and San Fe ge 4s _ Battimore a: Bethlehem Canadian Chicago, Burlin; Chicago, Mil, Chile Copper, Goodyear Tire, §: reat Northern, 7s A Montana Power Ss A Northern Pacific ref., 6s B Northwestern Bell Tel. Pacific Gas and Electric 5s Penn. R. R. Gen 5s ___ Sinc'air Con Oil col., 7s Southern Pacific cv., 4s Union Pacific First 4s h Power and Light, 6s Western Union, 64s Westingho: Flectric. Wilson & + cv., 6 Penalty imposed on the Greybull high school for having played an ineligible man during the footba!l season last fall should be lifted and the school should be reinstated in interschalastic athletics of the Big Hurn Basin district, it was agreed by athletic interests of the Casper high school today following explana- tion of the case by Clayton W. Ne- gus, superintendent of the Greybull schools, an¢ G. W. Zorn, president of the Greybull school. Abolition of the ban impased in the Basin dis- trict which prohibits Greybull from competting in athletics for one year is based upon the belief as now firmly estabtished here that author- ities of the school affected acted in Boeod faith and: did not knowingly violate the rules of the conference. A letter to this effect will go for- ward tomorrow to all schools in the state from C. C.. Fletcher, presi- dent of the State Athletic associa- tion, who states that action against Greybull has been confined to the Basin region and that he has not ®s reported, taken up the case with |the state university with a view to barring Greybull fram the stato bas- ketball tournament next epring. The cade in question revolved about the e'igibility of George By- num, star player of the Greybull football squad, who made it possi- ble for his team to defeat all ri- vals in the Basin country last sea- son. Greybull accepted Bynum’s elgibility as a matter of course by Teason of. the fact that he hac play- ed the full seasyn the year previous at Skiatook, Okla. Affidavits in the hands of Superintendent Negus prove this contention and show that he played up to and including Thanks- giving, after which he quit schoo’, Communication addressed by both Bynum and Supt. Negus to Skiatook regarding Bynum’s scholastic stand- ing during his attendance at Skia- took high schgol failed to bring a reply from the school authorities there and pending final determina- tion of the case Bynum was kept in Greybull lineup. There 1s some disagreement over the question of whether a. player 94% 1% 4G 107% 107% 107}a 99%, «999% ‘ae 92% 3 80% 98% 93 102% 103% 103% % REINSTATEMENT OF GREYBULL IN HIGH SCHOOL ATHLETICS OF BASIN REGION IS URGED should be enrolled in athletics be fore his eligibility is fully estab lished, but it may be said without contradiction that it is a common Practice in a majority of high schools. If it develops later that the player is ineligible, he is re- moved. Following ¢xpulsion fron the Basin District Athlettc association, Greybull authorities took steps to clear up the case and retained the services at Tulsa, Okla., of Attor- ney G. Earl Shaffer, who secured af- fidavits showing that Bynum had Played the fu'l season in 1922 with Skiatook, as well as other informa- tion. H. D. Creekmore,, superin- tendent of Skiatook schools, bears witness to the truth of the claim. As the case now stands the Grey- bull school is unable to compete in athletics in its own district, its foot- ball record has been declared for- felted, and the State Athleticasso- ciation has affirmed the ineligibility charge brought against Bynum. On the other hand the state associa- tion did not endorse the penalty against Greybull insofar as future activties are concerned, Greybull school authorities take the position that the penalty is ‘too severe in view of their demonstra- tion of good faith. They are will- ing to regard the last football sea- son as a blank but point out that athletes in their school who are in no wise to blame are being made to suffer an injustice, In this posi- tion they are upheld by Casper ath- letic authorities who believe that the wound thus opened will be a long time in healing and thus work against the best interests of inter- scolastic ath'etics, The association of the Basin district should recon- sider the case, it is believed. ——>_____ NEW YORK, Jan. 10.—President Charles H. Rammelkampf of Yiinois college, Jacksonville, Il, today was élected president of the Presbyterion college, which includes 44 Presby- terlan institutions throughout the nation. President Harry M. Gago of Coe college, Cedar Rapids, lows, Was re-elected secretar: THE MICHELIN 316 W. Yellowstone TIRE TROUBLE IS UNNECESSARY Phone 309 | USE MICHELIN CORDS R. M. MOSHER MAN