Casper Daily Tribune Newspaper, September 5, 1917, Page 2

ee TT J Be ke a D TODAY’S QUOTATION Stocks Bid. Ask. Midwest Refining $156.00 $158.00 Merritt 34.3744 34.6214 Midwest Common 1.20 1.23 Glenrock Oil__ 12.8744 13.37 4% bi Merritt Annex 6.75 7.00 Boston Wyoming .39 Al Elkhorn - 78 82 Glenrock Pet. 5.80 6.00 Glenrocfl O. & G. A4 Center = ‘ .09 Ai E. T. Williams 3.20 3.30 Grass Creek Pet... 340.00 350.00 MIDWEST REFININ ON CONFIRMAT td i Confirmation of the report that the Midwest Refining Company |for which it is said to have paid|i “would declare a stock dividend amounting to little more than 25 per | $1,000 cash bonus. The location is cent was found in the action of the stockholders meeting in Denver today when it was voted to issue 100,000 shares of the increased cap- | Refining company. The land is in italization at the par value of $50 the issue is extended to stock of of payment was fixed for October 5. Action taken in stockholders’ meet- ing means that for each block of 100 shares the holder is entitled to pur- chase 20 shares at $50 each, the divi- dend being in the ratio of four shares of registered stock to one share of dividend stock. Prospects of 100 per cent dividends | being shattered was followed by liquidation in the leading markets, many margin holders being brot to the brink of disaster by a decline which sent the quotations to $156, over $30 less than the high price of two weeks ago, On the other hand, scores of stockholders are resting se- cure in the belief that the company will soon announce a program which will start the stock on a new flight and the present slump is considered | only temporary. In contrast to the decline in Mid- west, Merritt continued strong at $34, $3 above the week’s close, and It’s Buying Time | In Wyoming Oils re forcing down prices of oil shares, and Insiders are, getting a d to ride to which I believ 1 take the Now is ‘re low s'among the lower } WESTERN P AND | OUT WEST I have picked up so:me lo Petroleum shares that I can eous prices for cash or on i or treble in price in sixty « some easy Xmas money Cut out this advertisem refer to it and see how gc proved a> enna taal The best bet among 10¢ stock with $10.0 in diversified holdings. All et The illustrated circular fields; also new panoramic you. . R. M. CARTER, 132 N. Wol ioe Si i walk aS svebeing same, /Scription, or pay in fit RM. > 132 North Wolcott Issuance of 100,000 Shares at Par Value of $50 Each | Black Bear ground, and are assembl- ‘Voted by Stockholders’ Meeting; Melon Amounts eogt to Twenty-five Percent Stock Dividend. Sell them _ Write, wire or phone for particulars. New circulars just off the press on request WESTERN PLAINS OIL | valuable properties in four different Wyoming fields eliminate the possible chance of failure. kgs are not in one basket, Every property is a this stock to the extent of your ability. stern Plains Oil Company has— 320 acres on Tea Pot Do 680 acres in Bi 760 acres in Lusk field. Company will give you the convincing reasons why—send for it. Contains maps of the Big Muddy and Sait Creek Money Making Coupon You may enter my subscription for... 3. shares The Western Plains Oil Company, fall paid and pbttteo eae at 10 cents a share. I am sbnding you eee Kee Deduct 5 per cent discount for cash” say i equal install ' that during five hours’ time the well flowed an average of 133 barrels an hour. indicating that it will settle | down to consistent production aroun: jthe 1,000-barre! mark. | Disappointment over failure to se- cure oil from the first Wall Creek sands in Midwest Well No. 13 caused no reaction, due to the fact that the || jmarket had already experienced its|~ islump over this factor. The water| = 5S, BY OTIS & COMPANY \encountered in the first sands will be Stocks Bid. Ask. (cased off and the bore continued to]? |Grass Ck. O. & G. 75 82 (the second sands, where there is pos-j> Walliiccpsesoce 60 .65 (sibility that production will be en-|© Kinney __~- s 1.33 _ ‘lcountered. B Northwest - 80 B85 Prospects in the Big Muddy are|F | Bessemer ¥ = .30 = considered the brightest at any per-!) | Pathfinder mn 51 .53 iod since development was under-|/) lOut West... .- .16 17 taken and during succeeding weeks | | Royalty = 2.90 310 thousands of barrels will be added |= Jupiter ___ 20 “ }to the production from this field ) Western Ex. 5.78 6.00 Columbine __-__-~ 69 -63 Black Bear Starts Two Wells E : Information from the Sait Creek field is to the effect that the Ohio|/ Oil company, besides the drilling of |— \the first well on Black Bear Oil and|©— Gas company’s land, have material | jon the ground for two more rigs and! jhave selected the locations in Section |= 16 for Wells No. 4 and 5, on the Republic Pet._ $3 -16 ling material preparatory to drilling. | | Great Western Gets Lease The Great Western Oil company} jhas acquired a lease on the 37 acres|& ‘of J. W. Anson, south of Glenrock, |immediately west of the Community| |well being drilled by the Denver Oil the west part of Section 17-33-79. Shiloh Starts Drilling | The Shiloh Oi] & Refining company | thas completed the erection of a camp ; /and rig on Section 16-38,in the Tea- letapecar yen: ae upen teaian ach bo dome, and will be drilling by Fri>| ia : +H y of this week. A rig also ha the sand in what is considered t he] cay <0; thls Gaisection aaa of Hepa parEery) and Ate oe of | the Tisdale field, yreparatory to spud- | i“ Ate ne - pom en ary. < ze ed. ding in a-ell on Wednesday of next ther local issues registered con-| wegi¢ . * A b . | jsistent gains for the opening of the) ‘The drilling is part of an extensive | week. . Spon wi "6 hae £9%)- development program outlined by this ing into aver on ie ur ape, is in vi company for the fall months, Among} }good demand above the,4{12,.87 mark those most prominently interested are |The fact that Elkhoyfi has a well ex- Mark A. Skinner, internal revenue | pected in this Week has strengthened ¢ojjector, of Denver, and C. A. Bow-| |the demand for this issue in antici- man, of the Merchants’ Biscuit com-|@ pation ‘of a rapid climb. Glenrock | nany, Denver. Homer T. Lamb is| Petroleum, Hall, Superior and other | ¢jeiq superintendent. issues have recovered in sympathy | | with the upward trend. each. The privilege of purchasing record September 12 and the date with four wells nearing the Wall Creek sand in the Big Muddy is slated New Company in Prospect A deal has been concluded where- by James Tvorzic leased his 280-acre ranch a mile west of Glenrock to a company represented by C. M. Car- |roll, an experienced oil man of Moor- croft. A handsome bonus in addition |to a royalty interest of one-eighth of the production was realized by the owner, and it is rumored that J. E. Higgins of Glenrock will head a com- {pany that will develop the property. According to reports received from the Big Muddy this morning | Kinney Well No. 9 promises to de- velop into one of the largest pro- iducers in the field. It is reported Doings at Cole Creek Another report based more upon expectations than realization concern- ing progress being made by the Mer- jritt company in the drilling of their! !wells at Cole Creek was circulated freely the past few days. The Mer- ritt company, it is understood, is now |down 2,750 feet, but as yet no oil |has been encountered. | (Continued on Page 3) = ——EEE LAIN a F. J. Castell profits on the next up-swing, » entire list of Wyoming oils the time to buy. Buy them i when they’re high. My two riced Wyoming oils are Torna Sa PETROLEUM w priced blocks of Out West offer to you at an advantag- | nstallment terms. | Real Estate and Mining Oil Leases This stock should double r ninety days time. Here is Phone 21-J.——Room 15 ent and in sixty days time R. a4? od my prediction of today \| Smith Building SINCE 1896 At —The Mining Investor has | been publishing unbiased and authentic no-> of all the Western Oil Fi_'ds and Min- ing camps. —The Mining Investor is a weekly magazine published at Denver, Colorado, the headquarters of nearly all the operating companies of Wyo- ming. | $e ; Sample Copy Free : —Special acquaintance sub- scription; ~~ 0 poseinie ie: The sev | | ‘here is safety ' the Western Plains Oil Com- | Muddy. 1,080 acres in Wheatland. of the Western Plains Oil pictures which will interest cott, Casper, Wyo. full or part payment of the tionths for 50c ecla Wyoming Oil Company Increases Its Hold- ings In the Tisdale Oil Field THE POWDER RIVER OR TISDALE STRUCTURE This great structure stands out as the great gamble of the fall. Without a question it looms up in a perspective of the fields of Wyoming as the next big bet. Activity of a kind never before accorded a structure, prior to the actual proving of it, is going on today on the Tisdale dome. Hecla-Wyoming—Jupiter—Western Exploration (two wells )—Tisdale—Tobin (two wells )—Franco Wyoming In- terests—Deltox Wyoming and General Petroleum, are either drilling or placing their material on the ground preparatory to drilling. Tisdale is a dome of magnificent proportions, the drainage or collecting area for the oil is said to surpass any other structure in the state, having, it is stated, over 500 square miles of collecting area. The new discovery of flowing oil at Notches__a much smaller dome__has given a tremendous impetus to an in- terest already keen. The Tisdale well is reported nearing the Embar where, according to Knight, spouting wells may be expected. k HECLA-WYOMING OIL COMPANY Headed by Robt. K. Staley, of Casper Incorporated under the laws of Wyoming . . Capital Stock $400,000 Fully Paid and Non-Assessible PURPOSE OF THE COMPANY __ The Hecla-Wyoming Co. will rapidly and aggressively develop the maximum of produceion from its large holdings; will acquire new lands in new fields, will contract with drilling companies to drill Hecla propertes where practical; will in every way endeavor to create new wealth for itself and stockholders. The main idea or purpose of the company’s officers is to place the HECLA- WYOMING CO. in the ranks of the larger producing companies of the country. PRESENT ACTIVITIES__ Drilling on joint account, fifty-fifty basis, with JUPITER in Section 9-41-81. This well should be drilled into the oil sands before Thanksgiving Day and prove up the 240 acres of HECLA-WYOMING land adjacent the well. MANAGEMENT OF COMPANY__ The company’s active management is in the hands of Robert K. Staley, of Casper, president of the company. GEOLOGICAL REPORTS ON COMPANY’S LAND To our knowledge not one unfavorable report has ever been made on Powder River Oil Field. Among the better known geologists who have looked over the field are L. W. Trumbull, state geologist of Wyoming; Carroll H. Wege- mane cree are aa and W. C. Knight. r. Knight states in his report that spouting wells may be expected from the Ragen peaniog it q in ag general region. Since his vent was writ- ten the owing well only 25 miles southwest, has EMBAR s OIL BEARING. bee Mr. Hudson in his report stated: “It is certain that there is oil in Powder River Dome . . . . and it is certain that it is but a matter of drilling to determine the quantity and quality and develop the dome int f 1 ioe guesbir andl ; dome into one of the best and largest POSSIBILITIES No company, exploiting unproven oil fields, can be said to be a “‘sure thing”, and Hecla-Wyoming is not so represented. . However, this stock rep- resents in many ways the same opportunities to the investor that G'enrock Petroleum (25c to $8.00), Hall Oil (10c to 80c), Grass Creek Oil and Gas (15c to 90c) and Boston Wyoming (6c to.45e), and a score of others did be- >» fore their holdings were proven. Hecla-Wyoming owns approximately 1,100 acres favorably located inside the escarpment of the great Powder River Dome, and should the field prove productive, as is so confidently expected, Hecla-Wyoming stockholders will” benefit in as great or greater manner than those of any other company operat-- en ECL A-WYO SELLING pd CLA-WYOMING IS NOW (G_AT 7 CENTS PER SHARE Send in your orders today! With the Tisdale well nearing the oil Hecla-Wyoming may jump in price any day now. r DUTTON STALEY & CO. Fiscal Agents :