Casper Daily Tribune Newspaper, June 29, 1917, Page 2

“~ -_——-—.~ Ets = ee) level of the sea the drill strikes the| Oil Syndicates Are Formed. The Wyoming-Illinois is incorpora- ted under the laws of Colorado and is now preparing for extensive de- velopment of its property in the Cor | verse County and other fields thru | syndicates which operate in conjunc-} tion with the main organization. Five syndicates have been organ- ized in Omaha and each of these is making preparations to drill in the Douglas territory within the next sixty days. A number of syndicates have also been organized in this state and all expect to commence drilling oper- stions in the next few months. The organization of these syndicates is under the supervision of Mr. Saley who is a business man whom success has favored in every line of endeavor} he has undertaken. He is prominent in business circles in Omaha and other Nebraska towns. Advices from San that the Union Oil Company has made a proposition to absorb the Producers’ Transportation Company by inviting minority stockholders to exchange their holdings for stock of the Unior eompany on a share for share bas The minority amounts to about $2,- 000,000. The commissioner of cor- porations ha tioned the exchange. Stockholders of the Texas Com- pany ratified the increase in stock from ,500,000 to ,375,000, the new stock to be offered at 100. Monarch Salt Creek Drilling. The Monarch Salt Creek Petroleum Company, with holdings in the Salt Creek fields, has been successfully fmanced and the company has let contracts for the drilling of two wells to the second Wall Creek sand. This contract includes casing, and drilling will begin at once. The company has emple funds on hand to carry for ward its operations to a successful} conclusion, and the treasury stock has practically been taken from the ma ket. The management is very confi- dent of striking a good flow of oil. Big Muddy Drilling Contracts. Announcement is made that con- tracts have been entered by the Pe- troleum Oil Fields Company by which two deep wells will be drilled on its holdings in the Big Muddy field in Wyoming. these contracts must begin by Ji day of June, 1917. Loans and discounts ___ Overdrafts, secured and U. S. Bonds: U. S. bonds deposited to secure circulation_______$ 50,000.00 U. S. Bonds and certificates of owned and unpledged —____ Total U. S. Bond and certifi Payment on Loan Bonds of indebtedness ount subscription Securities other than U. S. bonds, “(not including stocks) owned and unpledged ~ Stock of Federal Reserve Bank Banking house ___. J Furniture and fixtures_- Real estate owned other than banking house Net amount due from approved re- serve agents in New York, Chi- cago and St. Louis Net amount due from approved re- serve agents in other reserve Gist y pee ee — Net amount due from banks and bankers (other than included ing fori2)) ren ee ee Other checks on banks in the same city or town as reporting bank Outside checks and other cash items Fractional currency, nickels and cents —_ cseeee Notes of other national banks_______ Notes of Federal Reserve Bank Federal reserve notes Lawful reserve in Federal Reserve Bz Redemption fund with U.S. Treas- urer LIAB Capital stock paid in Surplus fund Undivided profits __ = Less current expenses, interes Circulating notes outstanding__ Net amount due to banks and b: ers (other than included in 30 or 31) Demand Deposi SHORT OIL ITEMS GLEANED FROM CENTRAL WYOMING’S Francisco say! Operations under one of | day. REPORT OF CONDITION Of the Casper National Bank, at’ Casper, in the State! of Wyoming, at the Close of Business on the 20th| (other than Liberty --$151,367.13 | bed of ancient oceans and from coral | | }reefs with 60 per cent porosity spurt! |the greatest oil wells in the world. | No pipe-line yet constructed has been | able to receive the full measure of | one of these gushers. \ “ACTIVE FIELDS | - —— Trading In Oil Slow. |1st and under the other within sixty Trading in the Wyoming oil stock« | de Ss. The company has other exten-/on the New York Curb last week was sive holdings in Wyoming. jat a low ebb. Only 3,500 shares of Merritt were sold in the six days, of the|Wwhile Elk Basin registered sales of }1,00, Midwest Oi] common 14,600 and Midwest Oil preferred 5,500. Allen Oil which has a large acreage but no homa and California fields is falling | Production at present, was the leader, cff and that in Oklahoma the refiners | with sales of 38,100 shares. Knick- are drawing on storage oil to a very | erboeker-Wyoming, which is controll- jgreat extent. Wyoming has the great- jest prospective production, he said. Three dollars a barrel for Wyoming }crude and 50 cents a gallon for gaso-| line by fall were other predictions} {made by Mr. Kistler. An electric rotary drill is being de- | veloped, Mr. Kistler announced, which will reduce drilling costs by 50 per |cent and greatly increase the drilling range. 1 Higher Prices For Oil. Addressing the members |Lond Dealers’ Association in Denver, F. E. Kistler, formerly with the Texas |Company in its producing division, stated that production in the Okla- |3,200 shares credited to its market. Metropolitan Petroleum. Stockholders of the Metropolitan Petroleum Corporation, which has |more or less valuable oil land in Mex- ico, and which has been before the public of late thru litigation brought to restrain the sale of its properties have been requested to deposit their New Company At Wheatland. | stock with a trust company yet to be Another company has been incor-|"amed, the object being to bring |porated to drill for oil at Wheatland. |#bout a change of managemert ard The incorporators are said to be|Provide for the restitution of the as- well known oil operators and capital-|5¢ts transferred to the Island Oil « ts, of Tulsa, Oklahoma, and they|Transpcrtation Company. e given the name of the “Tuls: eye ;Oil and Gas Company of Wyoming Hall Takes Big Slump. |to the new company. A. F. Schofield ibe Hall Oil, which dropped from 71 ts an Oklahoma oil operator and expert,50 Wednesday, developed yreater who has been in this state much of tie | Weakness on the Denver market time for the past four months, is pres-| Thursday and sales were made at 46 ident of the Tulsa company. The other | Cents, the bid price being 45. Only officers of the company are not yet} few hundred shares were sold, but ennounced, but it is understood that|tere was prevalent an impression they are men of prominence in the oil |that a large block would be thrown wi , with abundance of capital to |” the market. _The rumor had it that carry on whatever work they decide to | Mrs. Edwin liall, widow of the do. They have secured leases oa founder of the company, ws ibout several pieces of ground on which|t© offer 400,000 shares for sale. There drilling will be done as early as pos- | is no reason to credit this report, just, sible. a branch of a company similar name at Tulsa, Oklahoma. This company is organized as|®S there is the rumor which was alsc bearing a} prevalent that the group of Midwest « efining officers who hold an option No Oil Sands In Mexico. ization had attempted to exercise this Few people know the geological) |‘ ption, but had been frustrated by the structure of the Mexican oil fields. No|UNwillingness of one of the large jone in the world today knows it per-|Stockholders to make delivery. No fectly. Nothing yet uncovered in the |SUch effort on the part of the syndi- |United States resembles the under-|c@te has been made and none will be ground formation in Mexico. In Cali-|™ade unless the deep well now drill- fornia they pump from well defined |i" should develop into a producer. areas of oil sands two to three thous-| —_ z and feet deep. The porosity of oil| sand is about 14 per cent, and those} wells do not average 200 barrels per But there are no oil sands ir| 000 feet below the! ED. L | Now $1,211,519.18) 3,304.77 indebtedness ao 10,000 - | Bonds) | for Liberty 60,000.00 3,880.00 | 115,960.32 | 3,000.00 | = 5,000.00 oe 100.00) = 2,901.52) 54,751.04 206,118.17 | | 117,263.90 16,462.98 4,402.21 | 467.15 4,869.36 Sees aweneen Stocks Bought and Sold - 2 | Room 22 Townsend Block 232,640.16 2,500.00 587,54 3.57 iLITIES —— cheats $ 50,000.00! : 50,000.00 57,848.72 | 50,000.00 } | | $ 12,285.83 Individual deposits subject to check 1,381,779.08 Certificates of deposit due in less than 30 days —_ 83,992.50 " Certified checks __ 430.00 Midwest Building Cashier’s checks outstanding _____ 8,104.92 Total demand deposits___.______ $1,424,806.50 Time Deposits (payable after 30 days, or subject to 30 days or more notice) : Certificates of deposit $274,577.77 Other time deposits _ = 73,570.54 Total of time deposits - 348,148.31 Don't wait if you want to b Cash letters of credit or Travele: checks outstanding tal To STATE OF WYOMING, County of Natrona,—ss: I, M. C. CLARKSON, Cashier of the above-named bank, do solemnly true to the best of my knowledge swear that the above statement is belief. Correct-Attest:- PATRICK SULLIVAN, A. J. CUNNINGHAM, P. C. NICOLAYSEN, rs, Subscribed and sworn to before (SEAL) My commission expires December 1, 1920. / 620.00 1,785,360.64 up every day. $1,993,209.36 vaid for Real Estate in the and M. C. CLARKSON, Cashier. vacant lot- see me. me this 27th day of J: 1917. IRVING T. HONNOLD Notary Public. ed by the same interests as Allen, had! = jon $1,100,000 of the issued capital- | Senate Cafe | CLEAN AND WHOLESOME FOOD AT THE RIGHT PRICES IN THE REAR OF THE New Senate Building SOUTH CENTER :T. Tait’s Billard Palace Soda Fountain, Cigars, Confectionery. Opened last Monday. Everything New and Strictly Modern; Congenial Surroundings A. A. CHAPMAN | REAL ESTATE, FIRE INSURANCE You have no doubt noticed the price that has been If you want business property, a house and lot, or a A few 60x140 foot lots in NELSON’S ADDITION, $75.00 to $200.00, on the payment plan. 2 ainsi MI arts Douglas Is Busy With Preparations for State | Shooting Tournament | DOUGLAS, June 29.—-Arrange- ments for the holding of the second annual trapshooting tournament of | the Wyoming-State-Sportsmen’s As-| sociation have been about completed | ,by the members of the Douglas Gu > Club under whose auspices the shoot} jis being held. That the contests will \be well attended seems certain as there are many fans throughout the! State who will accompany the shoot-| ers here besides the attendance which } is expected from the loc&l people. Th: | tournament was held at Casper last | year. There will be four days of shoot- jing, Saturday, July 7, being practice day when the marksmen will open} fire at 1:30°p. m. The entrance fee | \for this day’s shooting is $2.00 ard} this same entrance fee will be charged for each event with the exception of 'Monday, July 9, when the entrance is $2.50. The Sheridan Gun Club trophy | shoot will be held Sunday, July 8, and indications point to a large number |of contestants for the prize. The pro- gram for the last three days begins; |promptly at 9 a. m. and continues un-| til the events of the day have been completed. The total added money for the shoot is $375.00. | That trapshooting is becoming one of the most popular sports in Amer- i is evidenced by the fact that to-| F there are more than 4,500 gun clubs with a membership of over 600,000 while five years ago there were only 500 clubs and 100,000 trap- H shooters. MORES & LUTAS GROCERY COMPANY Fancy and Staple Groceries Exclusive Line of Imported Goeds 132 W. Second St.; Tel. 184-J ORD’S OPEN Phone 196-) Pee ae ae oe GEO. B. NELSON §| Let Me Be Your Real Estate and Insurance Phone 31 uy Real Estate, as it is going last week or two. A GOOD KITGHEN MAID needs good cooking utensils. That is a most necessary part of the kitchen equipment. Good work cannot be done without good tools. Thata’s a certainty. | a igi iv) Sines 3) The cook should be plentifully supplied from our shelves. Cop- per, aluminum, steel—any kind that strikes your fancy. SCHULTE HARDWARE Co., Phone 64W. We Deliver FRANK HENRY Eaggage Transferred to any part of the city. See me and’make arrangements for ' livery of all your Freight. I meet all trains CALL SANSWERED DAY OR NIGHT PROMPT, CAREFUL SERVICE References: Any Casper Bank. Office Smoke House, phone 83. Residence Phone 181-W Try a Tribune Want Ad Where the best type of real good Fellowship Prevails ~and where friend meets friends. They like the Rhinoceros not only for the satisfying meals, but because it’s a place to meet, to chat, to talk, to make the eatnig time the happiest hour of the whole day. SERVES THE BEST MEAL IN TOWN FOR 385c THE RHINOCEROS Chas. E. Walker & Co. Incorporated High Grade Stocks, Bends and Securities Bought and Sold. Room 3 Kimball Building Moose Carnival 4th OF JULY CELEBRATION THE BERNARDI GREATER SHOWS furnish all attractions. GREATER SHOWS furnish all attractions. Bigger and better than a circus. 15——_BIG FEATURE SHOWS——15 3——AIG RIDING DEVICES——3 350——_PEOPLE——_ 350 First time here, the new Giant ride, the Whip and the Monkey Speedway. Special Added Feature: Kalla Pasha, the Americanized Turk, champion wrestler, meets all comers. CASPER Week Commencing July 2 ICE MAN Pll bring a Mechanical Ice Plant into your home and keep your refrigerator chilled forever. Ne ice, ne dirt or slep. Nothing to get out of repair and no ice bills. The only home plant in the world. Drop a postal card and let me call and tell you about it. FRED PATEE | Casper, Wyoming ‘