davidaulloa/AmericanStories huggingface dataset:
, 1923-09-21

was maintained by drawing upon
this reserve. Now, however. with
no reserve shut in oil to offset the
natural decline. we are bound to
see very much faster drop in actual
production.
How fast the decline will be
from this time on with no shutin
oil to help hold It up is a question
that is of vital Importance, but II
is one on which no ono likes &c
prophecy
I'm my Judgment. very few wells
upon which drilling is commenced
after this date in the heart of either
Santa Fe Springs or Signal Hill will
ever repay the cost of drilling.
THE big problem facing the pro
ducers in these fields is that OF
pumping these deep wells after they
cease to flow-and that time is
fast approaching. At the present
time we have no pumping equip
ment that will successfully pump oil
from much below n 3~.00o-foot level.
When the time arrives that II shall
become necessary to pump these
deep wells-practically all of which
arc from 1000 to 5000 feet In
depth-we shall find that overnight
the production will take a tremen.
dous tumble.
1.-The limits Of the three fields are
now Sc well defined as to area that
1t is pretty safe to say that we
need have nc lear of any large new
productive areas. New fields may
be opened up but the records show
that it requires approximately from
two to three years to bring any
new fields into a lathe production
and we are all agreed that no very
large production will be brought in
in any new field before this dror
has reached a point where this new
production can no longer hurt.
"In the older fields the produc.
ton has been materially shut in
but the total potential production OF
all other fields is only 900 900 bar
rels per day. Practically no work
has been started in these fields dur
ing the present year. and IL they
were to be placed in full produc
ton now It would require some time
to get them back to normal. Witt
no e wells under way. it would
require at least six months to secure
any new production in any of then
and even then the increase would
not more than offset the natural
decline in these fields.
, 1923-09-21

I'LL SHARES Up
IN N. !. SALES
Low Priced Issues Improve
In Trading Marked by
Fluctuations

NEW YORK, Sept. 21.-Stock
prices developed alternate periods of
weakness and strength in today's
session with net losses predominant
ing at the close. Eastern railroad
shares and low priced oils showed
moderate strength. Sales approx
mated 10000 shares.
NEW YORK. Sept. z1.-Consider-
able ir~regularity developed at the
opening of today's stock market but
the main trend appeared TO be up
ward Oils received better support
and improved fr~actionaliy while
American Wooden, which was weak
yesterday. held steady on the an
nouncement of President Wood that
no reduction in the present divi-
dend was contemplated. feathers
were heavy. American Hide and
Leather preferred. dropping 1%.
Renewal of selling pressure turn
ed the market heavy again before
the end of the first half hour.
American Wooden dropped 2b points
to 76A. another new low record for
the year and losses of a point or
more took place in Baldwin. Cen
trail Leather common and preferred.
the Pan American issues, Houston
and Royal Dutch. steels also were
heavy. Gulf States slipping IL and
all other Issues yielding f~ractionally
Foreign exchanges opened irregu.
lar.
The ~reactionary trend was halted
in the middle of the morning by a
series OF bullish demonstrations in
the eastern railroad shares which
eventually led to short covering In
many other parts of the list. New
York Central, Reading common and
first preferred. Baltimore and Ohio.
and Erie irst preferred advanced
1 to IL points. Moderate recoveries
took place in United States. Bethle-
hem and Republic Steels, Baldwin
and S~tudebaker, which previously
had established new lows on the
movement. The rebound cancelled
many OF the early losses of 1 to 2
points and lifted DUPONT and Beech
nut Packing 2h points and Ameri-
can Can, Producers and Reflners,
Punta Aiegre and Cuba Can pre-
ferred 1 to III points above yester-
Days closing prices. A few soft
spots cropped out later. notably
| Willys-Overland preferred and Cru
chile Steel. Call money opened at
4 per cent.
Several sharp breaks occurred
among inactive stocks In the after
noon. Kelsey Wheel dropped five
points and Foundation company
four and quarter.
The general Industrial list was
also subjected to renewed pressure
with Baldwin. Gulf States Steel.
Dawson Chemical, and the motor
and motor accessories shares con-
spicuously heavy.
The closing was irregular. Week
end short covering in some of the
low priced oils which rose 1 to near
ly 2 points in the last hour was
counteracted by fresh offerings of
some OF the speculative favorites
when the call money rate was
marked up to five per cent
, 1923-09-21
Who TRIED TO
BLK SINCLAIR LANDS
in JAIL At CAPITAL

CHEYENNE. wyo.. Sept. Al
c. w. Jones or G. W. Holdings
worth Is held by tho sheriff here,
charged with attempting to perpe-
trate a fraud with a forged draft for
IS 900. Posing as an assistant pay
master for the Sinclair Pipe Line
company. Jones is alleged to have
mailed the forged draft to a bank
here. He was arrested following his
appearance at the bank to draw
on the account no had attempted
10 c.ner. and is said at the sheriff's
office 10 have co1tessa ..tes osua.
In his baggage wero found 1900
checks of the Sinclair Pipe Line
company. four of which had been
filled out in sums totaiing $4,000.
Sheriff Carroll is investigating
Jones' record elsewhere. He is sus'
pected to having operated In Omaha
and Kansas City.
, 1923-09-21
Enrolment Gains

NEUTRALITY-SUSPICIOUS. ths ststA
university this year is showing =
growth said to be without precedent
in tho history of tho school, the
1923 university summer school. but
recently brought TO q close, shovvu
n growth even more marked than
that shown TO date in tho opening
OF tho fall term.
At the summer school thts yexr.
including tho branch summer school
at Gillette. there ware registered
1.oss students. OF which 1905 At.
tended at laramie Last year es<
students registered at the university
summer school and its branch-
total gain in favor of the 1874 sum
mer school of $50 students
At the beginning OF the sacond
week OF the university fall term. ssA
atudents had registered. q gain OF
1856 over tho registration on the
same day Of the 1922 term Of school
, 1923-09-21

BOSTON, Sept. e1.-The CONNER
cisl Bulletin will say tomorrow;
There is n much better tone in
ths wool market AZ a result Of the
recent buynfS, -hkcn AGS been Hs
fair volume. Manufacturers nave
como back into tho market again.
some doubtless to keep informed
but others Il buy wool and In fair
quantities. Medium to low scoureds
have moved rather generally. and
further sales of wool to h knit
tsrs are reported with prices slight
ly stronger for B lambs wool. Cen
orally speaking, however, prices
cannot DO said to be any higher.
'rhe opening Of the Australian
season at Cydney has been auspic-
ious with values par to 5 cents above
the general rules and the continent
the chief operator. with Japan fair
~ keen. America Is buying spar
ingly of tho best woods. London
keeps fairly steady but with in.
creased Withdrawals this week.
Opening prices at tho cape are
dear.
"The goods market n slowly clear
ing up. Better demand for the
lower priced wooden goods In In evi.
dence. especially goods Of the type
of tweeds and knit goods. while
women's wear lines generally are in
good position Mems wear worsteds.
the backbone of the market. still
are slow.
'Mohatr Ia In limited demand
with prices stin quoted steady"
The Commsrcial Bulletin vii pub
fish the following wool quotations
tomorrow
Domestic: Ohio and Penneyivania
fiaeces. Deiztns unwnshed $50 "a;
fine unwashed .4s@.49; half blood
eombfnss sc: three-eight blood
comhing -h70.65-
Michigan and New York fieeces;
Daiztne unwashed -5o@b1. fine I'M
washsd .466.4T; half blood I'M
washsd .57Q.53; quarter blood I'M
wnshnd .A60.4I.
WISCONSIN. Missouri and average
NewtE9gland. half blood .51Q.52:
49, zSA@A@AAE
, 1923-09-21
Colorado Field Center of
Interest Among Operators

is said to have been rented for head
quarters for field scouts.
The common belief among geolo-
gists is that oil was encountered by
the Texas company in the first Wall
Creek sand, and that this sand will
be found gas producing in its lower
depths after having been drilled.
Both the second and third Wall
Creek sands lie within tho next $50
feet. The second is Salt Creeks
heavy producer while it is probable
that the third is also a sand that
will compare f~avorably with the one
above it. The Colorado Hamilton
Dome seems to bear promise. from
all present Indications. of becoming
a worth while oil field
, 1923-09-21

COAST OIL BOOM ON
WANE, SAYS REPORT
Steady Decline in Production from California Dis
tricts Forecast by Speaker Before National
Petroleum Association

ATLANTIC CITY. n. j.. Sept Il.
The unprecedented oil boom that
swept California during tho last
year 10 over and from now on there
will be a steady decline in produc-
ton, 8. A. Guiberson, Jr.. of the
Southern California OIL Producers,
said today before the annual con-
vention Of the National Petroleum
association.
The threatened shortage OF gaso-
line in 1922 advanced the price OF
crude oil, led to many wild eating"
schemes and opened Ut three new
large oil fields in that state, MIR.
Guiberson inserted. The serious
over.production that resulted is no
longer menacing the industry and
the decline in new wells has been
so rapid that the peak is past. he
added:
1.-THE limits OF tho new big fields
are so we'll defined that 1t is pretty
safe to say that we need have no
fear of any new large production
areas" he said. IT predict a healthy
condition In California in the next
SIX or egiht months. with a drawing
on oil storage. Within that time
the Pacific coast will absorb 5o0,o 900
barrels a day. At present we are
shipping 176 900 barrels daily to
Atlantic, Gulf and foreign ports"
"The m holds true in Signal
Hill and wells drilled to depths of
from $500 to $500 feet are coming
in at less than 1000 barrels per
day. where 10000 barrels were ex-
pected. Water is showing up in
many wells in the Long Beach field
and threatens to destroy many
wells in that field. At Huntington
Beach, the peak has been passed for
some time and water conditions
there will very seriously curtail
the production. Edgewater is show
ing up in man. wells in Santa Fe
Springs and water is appearing in
many of the wells located near the
center of the field.
while production figures for
these fields has shown several
small increases from week to week,
It must be borne In mind that dur
ing June. July and August there
was quite a large amoun of oil
shut in while at present there is
practically no oil shut in. During
July and August we had this re-
serve shut in oil to draw on and
consequently the actual production
, 1923-09-21

CHICAGO, Sept. 2i.-Under the
title "he was Just folks'," the late
President Warren q. Harding will
DO eommemornted in a compilation
now in press OF editorials from
American newspapers. The com
piler. Cash Asher. a California news
paper man. has selected approx
mately 100 editorials dealing with
Harding's career and ideals.
, 1923-09-21

Considerable interest seems to be
oentering around Hamilton Dome in
Craig county. Colorado. Since the
bringing in OF the discovery we'll by
the Texas Production company in
the latter part of August many large
companies have sent their stats of
biologists into the new feld for ex-
p~loration work.
Among those watching develop
ments ut Hamilton Dome r the
Midwest. Continental, Holly. Prairie.
Hamilton-Sait Creek. Utah OIL Re-
fning and Monte-C California com
panies. The Ohio Oil company is.
besides tho Texas. the most active
in Reconnaissance. An entire floor
Of the Barker hotel at Craig. Colo.
, 1923-09-21
Foreign Exchange

NEW YORK. Sept. 21.-ouota-
tons in cents Great Britain dc.
mand 454b; cables 454x; co day
bills on bank 451M. France demand
5.o5; cables b.o3h. Itai ydemand
4.4sh: cables $50. Belgium demand
b.o2; cables 5.02h. Germany de-
mand .%00ooo075; cables -000O0o75.
Holland demand 1929: cables $3.50.
Norway demand 1902. Sweden de-
mand 26.b2. Denmark 1903. Swift
zerland demand III. Spain de-
mand 13,54. Greece demand ISL.
Poland demand .0003h. Czecho
Slovakia demand 800; Jugo Slnvia
demand LOO. Austria demand .O014.
Rumania demand 46Is. Argentine
demand 1915. Brazil demand 1913.
Montreal demand o. Ills.
, 1923-09-21
REM0DEL|NG STARTED
At THE CITY HALL

Work has been started on re-
modelling the DOR in the city hail
formerly used as the office of the
fire department so that the space
may be used for a court room.
The present police court room will
also be remodeled and will be used
for the confinement OF women and
children. Attention has been called
to the city that both women and
children detained in Jail have had
to bs near hardened inmates. while
as a matter of fact they ought to
be segregated.
The fire department office has
been moved to the second story OF
the building.
, 1923-09-21
Hughes Co. Gets Lease
By Compromising Claim

CHEYENNE. wyo.. Sept. .1.-
A dispute between the Funk OIL
4 Gas company OF Virginia and the
Hughes oil company of Wyoming,
over the section on which n guAher
in the Lost Soldier oil field was
brought in. has been settled by the
companies and the General Land Of
flee has approved the application
Of the latter concern for an operat.
ing lease on the section.
The Funk company held the sec.
ton under n place location and
, 1923-09-21
Sugar

NEW YORK. Sept. 21@Ths con
tinued advance in raw sugar led &c
another upward revision in refined
prices with fine granuiated now
ranging from s.6o@s.9oc, or 10 to
25 points above tho close of yester
day, Demand continued good.
Refined futures nominal.
Sugar futures closed steady; ap.
proximnto sales 5000 tons; October
5.45c: December 4.s6c: March a.s1c
May 1000
, 1923-09-21
Livestock


CHICAGO, Sept. 21.-U. S. De
partment of Neutrality-suspicious., re.
ceipts % 900; mostly 10 to 15c high.
better grades 40 to $50 pound aver
ages ss.sOas.95; top 5000; good and
choice 26O to 325 pound butchers
mostly $s.559s.75; desirable $50 to
100 pound averages sS.4O@s.60;
best weighty killing pigs $3.50
7.25; heavy weight hogs ss.25Gs.9O,
medium SS.60@9.O0; light Ss.0od
sos; light light S7.65 1855; packing
sows smooth s7.55@s.oO; packing
sows rough S7,25Q7.55; slaug liter
pigs S6.O097.25.
Cattle, receipts 1000; slow. fresh
receipts increased by liberal supply
Of stable offerings; steers and yearl-
lngs generally steady; bulk $500
1000; killing quality plain; n load
long yearlings late yesterday S12.25;
better grades fat cows dull; in-be-
tween grades Gamers and cutters,
bulls and vealers steady to strong;
stockers and feeders dull: steady
with yesterdays decline; bulk veal
ers to packers S13.50@s13.75: out
siders paying upward Il S14.25; bulk
bologna bulls S46565.10; Gamers
$2.90@3.25. mostly.
Sheep. receipts 1900; fat lambs
mostly 10 to 15c higher: natives
largely $13.50@13.75; sorts lighter;
few choice held around $14.0o; culls
mostly s9.5O@10.O0; good Washing
ton lambs $14.00; choice Nevada
held above 1850: feeder lambs slow.
weak; bulk $13.o0@1s.5o; sheep
steady; fat handy weight ewes most
ly S6.00@6.50.
C ,cto;i etaoin shrdlu mcwfy vbgkvb
, 1923-09-21
Metals

NEW YORK. Sept 21-Copper
easy; eIectrolytio spot and nearby
1917 @13hc; futures IAN @13Sc. Tin
easy; spot and futures 4i.12c. Iron
steady; prices unchanged. Lead
steady; spit 6.s59T.1oc Zinc steady:
East st. Louis spot and nearby de-
livery 6.40@s,45c- Anthony spot
7.40@7.boc.
, 1923-09-21
Paving Contract
Let at Capital

CHEYENNE. Wye. Sept. FL
Cheyenns's second street paving con.
tract. providing for concrete and as
phalt pavement for about three
quarters Of n mile OF Eighteenth
street, was let Monday afternoon to
tho A IT. Reed company OF Omaha
The Reed company was awarded
bonds for financing the paving, on a
bid OF par. The same has
the contract for pav,lg Capitol ave
nue here.
, 1923-09-21

drilled a werI 500 fest dssp On n.
without striking oil. II then with
drow its application for patent on
tho land and Hughes. under q pros
pectins permit, drilled the section
and brought in n gusher. There
upon the Funk company renewed
Its claim to the land and opposed
tho granting Of an operating lease
to the Hughes company. Tho com
promise agreement resulted In with
drawal OF tho contest and the ap-
provai of the lease,
, 1923-09-21
Potatoes

CHICAGO. Sept. z1.-Potatoes-
Weak; receipts. G5 cars. total u. s.
shipments, liza: Wisconsin and
Minnesota sacked md bulk round
whites. No. 1. partly graded, s1.25
91.40 cwt.; few fancy. shade higher:
Minnesota and North Dakota sacked
and bulk sand land and Red River
ohios. partly graded. s1.1591.25
cwt.; few fancy shade higher; poor.
.ly graded. s1.o001.1o cwt.; South
Dakota sacked Early ohios. partly
graded, s1.2o@l.so cwt.: Idaho
sacked Rurals. No. 1. s2.oo9a.15
.cwt.
, 1923-09-21
WHEAT RALLIES
THEN SLUMPS
Buying Declines on Reports
Of Heavy Marketing In
Canada

CHICAGO, Sept. zi.-FTattening
out OF buying power led to a ma
teriai decline in wheat prices today
after December delivery had risen
to about 8 cents over Mondays low
point The close was weak, half to
no net lower. with December
s1.o2x to s1.o2%@E.
CHICAGO, Sept, 21.-Despits n
weak start. wheat scored new up
turns in price today during the
early dealings. Initial declines were
ascribed to the fact that Liverpool
quotations were lower than had
been looked for. Winnipeg prices
however, showed comparative firm.
ness. and with offerings hero light,
1t took but little buying to lift
values. Tho opening, which varied
from unchanged figures to SC lower
with December LOSS to 1.03K and
May 100. was followed by a slight
general setback and then by an nd
vance to well above yesterdays
finish.
Subsequently, the market receded.
SApoib dtiihtiiu was bloNs anu MAT
keting at country points in Canada
were much larger than q year ago.
Unfavorable weather and scanti
ness OF immediate supplies CAV,
firmness TO corn, After opening Al
10 off, TO a like advance, Decem
Der .67h to .67E. the market show
ed an upward tendency. September
delivery in particular.
Later. free selling Of new cror
months brought about a reaction
The close was unsettled. at q range
varying from 40 net decline to IL
advance. December 67Ao to s7xc.
Oats sympathized with other grain
started 10 lower to No gain. Dc
cember .3sxc. Later the marke
hardened all around.
Provisions were firmer in respons
to higher quotations on hogs.
, 1923-09-21
Money

NEW YORK. Sept. 21-on mon
ey firmsr; high s; low 4; ruling rses
4; closing bid s; offered at ~; last
loan s; call loans against acoeptanoss
~; time loans firm; MIXED oollatsr-
al. so-so days bA@5n; As months
81 @bh: prime commercial payer
5k @bk.
, 1923-09-21
Bank Failure
Probe Ordered

DENVER. Colo, Sept. af.-rhe
country grand jury. which mot here
Monday was instructed by Judge G.
f. Dunkiee. presiding. to Investigate
the recent failures Of the Hibernia
Bank and Trust company and the
Interstate Trust company.
Tho grand jury also was IN
structed by Judge Dunklee to be
especially careful that secrecy was
observed In regard to all matters
discussed by tho Jurors.
Poultry Market
CHICAGO. Sept. q. - Poultry
alive unchanged.
, 1923-09-21

OMAHA, Neb., Sept. 21.-U. s.
Department of Agriculture.)-Hog
Receipts, $500; generally active,
15@25c higher; bulk 200 to s25
pound butchers, ss.0o@8.35; top.
$3.50; bulk packing sows. s7.7o@7s5;
average cost Thursday. $7.75; aver
age weight. $50.
Cattle - Receipts, 475; hardly
enough here to test market condi.
tons. mostly odds and ends; gen
orally steady on all classes and
grades; sales steers from s7.7569.5O;
grass cows and heifers. Sa.5o@4T5;
stockers and feeders. mostly s5.5o9
100.
Sheep-Receipts. 5000; fat lambs
active. 25040c higher; western
lambs. mostly s18.75; fed clipped
s-. - skasn ard feeders.
nominally steady.
, 1923-09-21

Cash Grains md Prvvisious-
CHICAGO. Sept. 21.-wheat-No.
2 red. s1.o5: No. Q hard. s1.o5@1.07
Corn-No. 2 mixed. s7h@ssc; No.
2 yellow. ssh 0sshc-
oats-No- . white. 4oh @4sc; No.
3 white. ss@Hc.
Rye-No. 2. 69Kc-
Barlsy-<e@6 $50.
Timothy seed-S6.5o@s.eo.
Clover seed-s16.oo@21.oo.
Pork-Nominal-
Lard-sl2.ob.
Ribs-ts.75@1o.oe.
, 1923-09-21

Unless you see the name -Bayer'
on package or on tables you are
not getting tho genuine Bsyer pro-
duct prescribed by physicians over
twenty-five years and proved safe by
millions for
Colds Headache
Toothachs Lumbago
Earache rheumatism
Neuralgia Pain, Pain
Accept "Bayer Tablets OF Aspir.
In" only. Each unbroken package
contains proper directions. Handy
boxes OF twelve tablets cost few
cents. Druggists also sell bottles OF
"a and 100. Aspirin is tho trade
mark OF Bayer Manufacture OF Mon.
oacetlc.acldester Of Salicylicacld-
Advertisement
, 1923-09-21
Butter and Eggs

CHICAGO. Sept. 21-Butter low.
err; creamery extras 47w47hc;
45h; extra first IS a4ehc C
first E1h @<S; seconds 4o@4oh.
Eggs lower; recoipts 1859 cases.
FTrsts a7h o3sc; ordinary first 2t
d26c-
Flour Market
MINNEAPOLIS. Mimi. Sept. II.
Flour steady. Bran $3.50.
, 1923-09-21
Silver

NEW YORK, Sept. 21.-Bar
silver ssh; Mexican dollars .4s%.
, 1923-09-21
Cotton

' sEsT -aEz. se3t-a-~3ossaa-
Spot. quiet; middlins. 1910
, 1923-09-21

NEW YORK, Sept. 21.-Stock
prices developed alternate periods of
weakness and strength in today's
session with net losses predominant
ing at the close. Eastern railroad
shares and low priced oils showed
moderate strength. Sales approx
mated 700, 900 shares.
The McCarthy weekly news., 1923-11-24
OLE BERG
 STRIKES RICH VEIN

Ole Berg, who has one of the best known quartz and copper properties in the Copper river valley, reports having struck a four foot vein of as rich ore as he has yet come across in his workings. The mine has been in operation for the past ten years, and MT. Berg states that this has been aH unusually good year The mine is located eighteen miles from Strelna.
 Owing to a shortage of oil three of the men employed in the mill were recently laid off; but there are still twelve CT fifteen men working.
The McCarthy weekly news., 1923-11-24
New Business To
 Open On Tn e Fifth

The laundry which has been under construction for the past couple of months will open on the fifth of December according to Mir. Minchine, who will be in charge of the new establish ment.
 Mir Minchine and his part ner are renting the building and machinery from Charley Vedch. Both men state that they know the business, so there is no reason for them not making an unqualified success of the new venture. The town should support a laundry and undoubt the new establishment will re- ceive ample patronage.
The McCarthy weekly news., 1923-11-24
Good Looking
Prospect Reported

Prospect Reported
 Martin Harris, dean of Young creek arrived in town yesterday from his camp which is located two miles below the mouth of the kennecott River.
 Mir. Harrit states that he has sunk a hole near the banks of the Nlzina and that he has found gold. Owing to water. however it was impossible to sink the hole entirely to bedrock, which lies pretty deep on the flat.
 During the past summer Mir. Harris has been engaged in trac' ing a channel which runs cross country from the head of Young creek, down toward the Chitina flats and thence over the low hills into the Nizina. In many places the channel is clearly defined, but owing to the depth of the bedrock, progress was necessar fly greatly hampered. The width of the channel where it crosses the hills between the Chitina and the Nizina is approximately six hundred feet. Somewhere near this point, Mir. Harris contempt sinking hole clear to bedrock
The McCarthy weekly news., 1923-11-24
couple of days vacation.

couple of days vacation.
 Charley White was an over night visitor Tuesday. He is locat ed at the Green Butte.
 Fresh Killed Turkeys, Geese. Roasters, Friers and Fowl For Thanksgiving At Marshalrs Your Patronage Solicited.-
 YOU pay two cents an ounce for postage. Why not use an en velope filler and press your stock? The News Office prints them.
The McCarthy weekly news., 1923-11-24

sometime in the near future. If this side of the old watercourse shows up as we'll as the other, it is not unlikely that the ground will be opened up.
 Mr. Harris is good prospect or and knows the game thourly, consequently his present work should mean a good stake for him-unless all signs fail.