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Newspaper
Casper Daily Tribune
Location
Casper, Wyoming, United States of America
Date
Oct 05, 1922
Page
8
Prices advance on renewed Turkish unease and firmer Liverpool quotes signaling progress toward peace. Domestic winter wheat to Europe via the Mexican route supports gains, with December around 1.97 to 81.07 and May near 1.08. Corn and oats rise early then ease, hog values contributing to the firmness.
Dispatches report pressure on Greece over Thrace and Cyprus as allied fleets threaten action if demands are refused. Mudania talks near agreement on Turkish proposals except a Thrace demarcation issue. Also noted is new currency in Germany and press freedom protests by Anglo American journalists.
Oil shares led a broad market advance with Atunday New Jersey stock up 4 percent and Standard Oil of California Mexican Petroleum Houston and Pierce Oil gains 1 to 2 points. Coca Cola rose 2.25 points to a record high as markets tracked dividend expectations. Amid broader gains, rail and steel shares lagged while New Jersey profit taking trimmed initial strength.
The compiled list features numerous stock tickers such as American Locomotive 116 percent and American Sugar 80 percent alongside others like General Electric 4 percent and Baldwin Locomotive 196 percent. The text closes with a note arguing Greece will struggle to persuade followers that retaining Thrace is the revolution's main aim.
Casper Lions Club plans a jungle style charter night at Alta Vista on Casper mountain with International Lions president Ed Vaught of Oklahoma City attending. The event includes a banquet, a prize program for Natrona High students, a 2 by 6 foot flag presented to cadets, and football season plans.
Cattle receipts 17 000 head with slow activity and steady to weak tone on most classes. Native beef steers around 12.70 per cwt at 1417 pounds and long yearlings 12.50. western grassers moderate supply. hogs 24 000 receipts with slow to strong trade and top 10.00 on 280 to 310 pound butchers. pigs monthly 9.50 to 9.60 for desirable, packing cows 7.60 to 7.60. lambs 14.15 to 14.26 with gains 26 cents higher for early packer top 15.40.
The Omaha quotation summary notes cattle receipts around 6 600 with prices steady to 100 lower. beef steers top at 11.78 with weaker stockers and feeders. Sheep receipts about 14 000 show lambs slow and prices down. feeding lambs around 23.60 with ewe tops near 16.05. A cable note dates back to 1840 between France and England.
Nine suits filed in Wheathind district court seek annulment of leases held by Nebraska 611 company near Glenda. Plaintiffs allege failure to meet contract terms including drilling plans and timely development. Attorney C Natwick criticizes such leases as risky and notes bidders’ financial unreliability and rigid lease terms impede legitimate operators.
An Osage field report shows steadily increasing crude output as the producing area expands. Wells from Lucky Jones to Tom Down and Skull Creek progress, with new derricks and refinery upgrades shaping a broader productive arc in Montana and nearby basins.
Quoted by John A. Fish Securities Corp Cheyenne Wyo. Carter No 2 rig cemented at 2.94 ft top of Wall Creek set in about two weeks Pinean No 4 rigging up to be put in within days Prior No 3 progress New Producer Roy Richardson No 4 completed at 2448 ft with 132 barrels Initial not shot due to Bureau of Mines limit. Richardson No 6 building at 110 ft Richardson No 649 drilling at 1810 ft Earnings estimates for August for class one railroads at 53 million to 45 million. Chespeake and Ohio to sell 12.555 million 64% preferred. U S Rubber directors meet on dividends. Steel Company of Canada stock decline signals potential dividend cut. American Woolen raises spring prices 2 3 4 to 4 5 cents. Bank of England rate steady at 3 percent. Major indices: Twenty Industrials 99.93 up 1.00. Twenty Rails 102.15 up 1.0.
The Western Factfile railroad asked the Interstate Commerce Commission for permission to issue 75.5 million dollars in 6 percent first mortgage bonds due 1946. The company plans to sell bonds at 94 and use the proceeds to buy 2,000 refrigerator cars and 1,000 automobile trailers.
The Inland Of and Refining company brings a 1,600 barrel daily producer to the northwest quarter of section 30 40 78 Balt Creek at 2,552 feet. Black No 6 Shoup No 2 on section 20 40 78 southeast quarter is drilling at 2,545 feet with fast sand showings but severe cave-ins slow completion. Brown No 2 on section 92 40 78 drills in shale at 625 feet and rig readiness is noted for Brown No 3 on the same quarter. Location set forBradley No 2 on the southwest quarter of the northwest quarter of section 19 40 78 with derrick to be erected immediately.
Tribune readers are told that classified ads offer a chance to win a large prize with every 50 cent payment at the office. The note is dated 8 12 11.
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