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Newspaper
Casper Daily Tribune
Location
Casper, Wyoming, United States of America
Date
Jun 16, 1922
Page
2
Wheat prices mostly higher in Chicago trading as hot southwestern weather and disappointing Indian rains lift values. July and September futures moved up with some profit taking later. corn and oats also unsettled but firmer overall. Butter and eggs steadiest while potatoes show weak receipts and varied regional prices.
A summary of New York trading shows mixed gains and losses among major issues. Leading gains include American Tobacco, General Motors, and United States Steel, while declines appear in some utilities and industrials amid shifting market dynamics.
The report notes a historic shift as more Americans are employed in factories than on farms for the first time. It highlights rising industrial employment while listing several crude market terms and place names such as Grass Creek Lance Creek Hamilton Dome Rock River Balt Creek Muddy and Mulg Creek.
Livestock transactions show hogs active with high top at 10.45 in Omaha and 10.80 in Chicago, cattle mixed with beef steers around 8.00 to 8.75 and veal near 5.00, sheep weak after declines. Denver reports cattle steady with calves and feeders around 4.60 to 7.60, and similar light activity in sheep and lambs.
Market gossip reports the Big Muddy field remains a steady producer with new high pen standard derricks on Whiteside Humphrey Poole and Barber leases. Midwest Refining notes Barber No 30 yields 64 barrels daily while Whiteside No 61 disappoints. Whiteside 32 yields 100 barrels daily from Lakota and Dakota sands after a long drill.
The Federal Land Bank of Omaha announces a ten percent dividend for its eight district borrowers in Wyoming South Dakota Nebraska and Iowa. The payout on July 4 follows eight prior declarations dating back to January 1 1918 under the Farm Loan Act. Each borrower receives five percent of their loan stock and the bank remains owned by its borrowers.
The June 14 trading session shows moderate selling with junior rails, steels, oils and motors hit hardest. Mexican Petroleum gains helped lift parts of the list, while many issues topples and broad selling appears before noon amid mixed, volatile moves.
Copper steady at 124% 14 with spot and futures. Tin firmer at 91.62 spot and 31.50 futures. Iron and lead steady. Zinc quiet with East St Louis spot 5.40 to 5.42. Antimony spot 5.12 to 5.47.
Reports from Salt Creek indicate Inland well on section 19 40-78 near the Five Tribes offset nears completion. Tools reach 37 feet in sand with fluid at 1700 to 1800 feet and total depth about 2665 feet. Drilling by day. stockholders await results as Five Tribes resumes after two week pause.
Casper reserve officers association dinner reviews the national defense act under which U S armed forces operate in peace time. Col Burke H Sinclair urges veterans’ duty to organize clubs and discuss war plans while Lieut Col Hamay notes harmony among army, guard and reserve units. PD W Ogilbee lauds American Legion for aiding disabled soldiers and morale.
Buyers gathered Thursday to inspect clips as nine companies planned to bid but only two, the Chicago Wool Company and Jeremiah Williams Company, secured nine and two clips respectively. Committee members led by Thomas Cooper complained of collusive bidding despite growers urging continuation.
New York on June 16 reports call money easier with a high 3 percent and low 3 percent. ruling 3 percent. closing bids at 3 percent, last loan 3 percent. Call loans against acceptances at 3 percent, time loans steady with 60 days at 4 percent, 90 days at 4 percent, six months at 4 percent. Prime mercantile paper quoted at 4 4 percent.
In New York on June 16 the group reviewed foreign bar silver and Mexican dollars as part of an instructive program. The association’s next meeting will occur June 29 with hopes for an army officer to assist in forming a permanent organization, led by committee members R. L. Copsey and P. V. Hendripies.
Dr Getzinger argues telepathy and light physics explain pyramid construction. He cites three chambers named for Noah’s sons Shem Ham and Japhet to symbolize animal life, ordinary humans, and inspired teachers. Atlantis vanished in flood. Egypt rose again after sea encroachment.
A dense catalog of bond quotes lists numerous issues with percent values for government and corporate securities. Cited examples include British and French government issues, U S rails and utilities, and international exporters with yields ranging roughly from the mid 80s to the low 110s percent.
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