Casper Daily Tribune Newspaper, October 20, 1917, Page 4

THE CASPER DAILY TRIBUNE a re « ae en ix 7) (YH THE OIL COMPANIES j Pa be y ; i ease 1} STOCK MARKET LEADS 7 ii} TO BETTER CONDITIONS —— IN THE FIELD AND MARKET Hun TODAY'S QUOTATIONS, BY CARTER & COMPANY | NEW. Bid ht ec oe Casper. Denver. N.Y. Cb. (noon) | view states that with the partial or Btock— Bid. Asked. Bid. Asked. Bid. Asked.| complete removal of doubt affecting | i - $ .03 04 03% .03% PA z market conditions there has come a} ib len “ == -- -- . “1D st: ening of sentiment and a re- OT eee -20 26 =~ a <= eae activities in business enter- | . fh . d th Big Bear 08 10 10.10% - 2. | prises. We have about moved in our new offices, just around the Black Bear 46 49 44 -- == ~- < \e Bememer -____--- 36 38-3440 -. ___ | It is said tht the Russian purchas. corner off Center, on First Avenue. We ask all our old Cus- Bosten-Wyoming .36 36 34 36 35 36 jing commis es orderet nit his | eee an i= N90 START A eee eer otal or Boctaraxaerediges| tomers and new ones to call and see us, assuring you we are venter - 06 06% d 7 he Ameri nd Russian armies | . : - : Columbine 59 60.60.68 : within the Inst week up to 8,400,000 | more able to give you our undivided attention to your wants. i 02% F . = a — rR Federal ; 3 3.50 8.75 ss ameeiean aoe Send TE Pee | Florence 17 20 ed to earn betwee’ 000, | ; ; : 9 2 6,200,000 for dividends in 1917. It; Grass Ck. 0. & G 90 91 88 ye $e, latter figure’ is realized it will | ea s a e eee ne G. 35 36 Ban ae Sa be equal to about $35 par. rienrock i i. 6.50 ee . . Glenhurst 2¢ 0 28 For the second time within a week Sull a few lots left in KENWOOD Hee 1a-W yoming 08 08% 09 the ‘Amerie an Smelting and Refining Jupiter 82 3 32 32% company has redhead the Bae of inne, 1.40 1.5 1.4¢ llead. A reduction of or é cent pet vert ockar ; * “Si | ‘ terday makes the price 6% cents a $1 0 Down, $5.00 a Month preeit | pound Merritt Anne | sal hosts of buyers in the A : Midway 17 14 16 rp paey er! how td Hoa Ne ine A bargain in an 8-room modern bungalow South side. Milo 0 04 a cag. | fealinan ia more Sue SaLTScesnOnS Five-room modern cottage, East Side. Midwest (com.) 4 45 |are expected to attract a ore chee 7 Midwest (Pref.) 1.47 1,37 1.50 | ful buying power. Large corner lot, near High School. Midwest Refining 138.00 189100 141.00 nee aa : REV, WALTER, BRADLEY Northwest 90 92 90 g2 8 . ] Wut West 26 27 Soke ee ELECTED MODERATOR OF nsurance Plymouth Rock | e Royalty 2.80 p.76 3.00 " ¥ = 4 ' ~f a, a ae ae - | STATE PRESBYTERIANS We wnte Fire, Life, Health and Accident, Automobile Insur Rogby -..__- AT 19 18 19 j O : s Salt Creek Pet. 30 34 30 36 | a an Id Line Companies. Shiloh _- .38 45 38 3% | : iv, 4 The Rev. Walter H. Bradley, pas- | wernd Biver ; ae ee tor of the First Preatytastan church | Call on us. United Pet. 40 41 “MAb Al 40 50 | oF Cas rags thiateveele honored Gniversal Exp. 55 65 55 60 We nee! se) y f ” “ bs election to the office of moderator of Wyo-Blackfoot : 06 j 09 06 4 07 the Wyominb Synod in session at 4 Western Exp. 5.45 6.55 5.50 5.75 Sunrise. Mr. Bra ley returned to Cas- Wyoming Apex 06 07 06% 06% 2 rs per Saturday, and is now receiving Yale-Wyoming 06% 07 o7 .08 the felicitations of his own congrega- | “ E. T. Williams 1.80 2.96 2.95 3.25 pr in pelng poner for the highest Pathfinder 39 41 cee office in the 5 i Young 1.00 1.10 MARKET TONE IMPROVES AS MAJOR QTUGKS MAINTAIN UPWARD TREND) Merritt, Glenrock and Midwest Is-} first of the series. sues Show Big Gains for Week at Close of Trading on New York Exchange. Predictions that the present week was to witness a reverse in conditions affecting the oil market and a cesul- tant increase in prices found confir- mation Friday and today when major issues listed the New York change continued their march toward higher levels. According to wiseacres who follow the market in all its phases, the improvement will be tended to include the minor issues the first of the week when tradcrs will again be looking for bargains pre- ceding a period of activity. Prices today showed marked in- creases in certain stocks over a week ago and general improvement clear down the line of minor issues. Mer- ritt, which sold last week as low us $28 a share, closed today above the $85 mark. Midwest Refining climbed to $140, Midwest common to $1.44, and Midwest preferred to $1.38. Glen- rock Oil, which had not experienced so low a reduction, closed above the $16 level. Boston-Wyoming, United Petroleum and Northwest held steady. On the local exchange values con- tinue on a par with those prevailing during the week, but with an upward tendency to encourage investment, the cloak of lethargy has been discarded and practically every issue is in lively on ex demand. Bidding predominates on call. Developments of the week have been highly significant for in addition to two new wells brought in by the Merritt from the Wall Creek sand, ming, has successfully completed the Its production Is placed at 150 barrels daily, according to local reports. Te six wells are {being drilled on the holdings of the ‘Hall Oil company, whose property wa: {recently merged with the Glenrock Oil company. When Glenrock Oil took over the Hall property seven shallow’ sand wells had been drilled at various points to test out the holdings, These wells, drilled about a year ago, founa oil at depths ranging from 800 to 1,100 feet. Because of a lack of pipe line facilities and the long haul to the railroad, these seven wells ex- | Were capped and remained idle until | ja few days ago. Now they have been connected with a pumping system and he oil, said to average better than 100 barrels daily per well, is being jxaaed and stored in tanks, the largest of ich now building, as a 29,000- barrel holding capacity. The Illinois Pipe Line company is Wnder contract to equip a pipe line to |fhe Pilot Butte field from Riverton, ) Qn the railroad, thirty-eight miles dis- ltant. This pipe line will be completed | by next spring, affording for the first | time, a market for Pilot Butte dome \ , Kinney Oil and Refining company, fwhite recently acquired 20 acres jadjoining the Glenrock Oil property \on the north, already has commenced | drilling a series of wells on the south jline of its property, has rigs and mat- eR SB) a ah and another from the Shannon sand | by the Producers, the Glenrock Oil company uncorked another prolific producer in Pilot Butte, and showings were made in other wells that are full Out West, United Pet- of promise. roleum, Salt Creek Petroleum, Shiloh, Bessemer, E. T. Williams ing the Salt Creek oil pools. succession of strikes seems imminent. More Rigs for Powder River complete ne imme- | fields ir’ th anced. T br € wells is oxpe to the boom which + weather has proved Sas Shipme ‘Three solid trainl leave the Casper hours, poing east. cars ajso leave daily oi] to the Imperial ret . 7] Glearosk O11 A vities Glenrock Oil company, which Is additions! wells in the Pilot Butte dome ? ing cr J at Regina. r and the Columbine companies have wells near- | A rapid | sive and choice holdings by of Worland, Wyoming, and organized, we announce that date, to offer for public sub: PANY, out of the t “A 4J9c per } snare. ew Casper 156 North Wolccit Street ~ ‘ é low ‘sand’ ANNOUNCEMENT As a result of the acquisition of what is considered exten- LEUM COMPANY, in the Tensleep or Hidden Dome field east prosecute an immediate drilling campaign in the near future of larger proportions than intended when the Company was capital stock of the CASPER-EMBAR PETROLEUM COM- y koldins The Wyoming Synod this week cele- | brated the four hundredth anniver- | sary of the establishment of the Pro- | testant religion and was addressed by the local pastor on ‘Martin Luther ‘and the Modern World.” LIBERTY BOND SALES IN NEW YORK TAKE SLUMP. REALTY COMPANY Phone 74 West First Avenue | N EW YORK, Oct. 20.—Early to- day it was estimated that the total of | Liberty bond sales aggregated $1,- 715,000,000. Sales in New York} City yesterday amounted to $60,000,- 000, or $25,000,000,000, or $25,000,- | 000 less than Thursday’s purchases. erial now on the ground, and is pre- pared to rush the wells to completion. | Two wells of 100 barrels or more pro- duction each are now completed on haing been drilled by Chas. E, Or- | chard and associates nearly two years ago. Drilling in Buffalo Basin Producers’ company’s well in the | Little Buffalo basin of Wyoming, now down 3,200 feet, has stopped drilling | temporarily for lack of water. The | company is prepared to go 4,000 feet | if necessary to find oil, making it the ideepest bore drilled in any of the } Wyoming fields. Little Buffalo basin is being eb-} |ploited by three big companies—the oducers, which is a Texas company subsidiary; the Valentine interests of California, in connection with the | Ohio Oil company, and the Midwest | Refining company. Buys Liberty Loan Bonds The United Petroleum company, one of the largest development con- |cerns of the West Salt Creek field, |yesterday subscribed to $50,000) iworth of Liberty Loan bonds. SOLD OUT Those desiring to purchase shares in Tisdale Oil Syndicate should act promptly, as all but a few of the 1250 Syndicate shares have been sold. Syndicate Shares $50 Each - Exchangeable for 600 shares of stock in a capitalization fig $200,000, which will be formed immediately to take over the Syndicate holdings. the CASPER-EMBAR PETRO- the desire of the Company, to it is the intention, at an early scription a second issue of the at a price which el Cie Hot aN a Cory Dany ) Casper, Wyoming