Casper Daily Tribune Newspaper, January 22, 1919, Page 4

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

CONSOLIDATED ROYALTY GLOSES YEAR WITH INCREASING PROFITS Nearly $300,000 in Dividends Paid Stockholders’ Since January, 1918, a Earnings Are Held Having attained the remarkable record of paying approximately | $300,000 in dividends to its stockholders, the Consolidated Royalty company is today the peer of all dividend payers among the smaller oil companies operating in Wyoming fields. dividend of two per cent were distributed to the stockholders of the company yesterday marking an epoch in the history of the company and in dividend paying consistency } among Wyoming oils. | The total revenues of the company | up to January 1 were $364,410.28, leaving after the deduction of the dividends approximately $65,000 in cash working fund. The remarkable fact about the Consolidated earning power is that to realize the huge sum that has been earned the total ex- penses incurred were $5,020.13 leav-’ ing a total profit for the year in ex- cess of $359,000. Approximately 2500 stockholders in whose hands there are 2,905,543, shares, shared in the distribution of | the dividend. That the company! stock has widespread circulation is evidenced by the fact that checks! were mailed to every state in the! Union and virtually every European as well as Aisiatic country is repre- sented on the company books. The following statement by B. B.} Brooks, president of the company is/| a complete summary of the company’s | policy and plans: i The company’s income from roy- alties has shown a marked increase each month and has more than dou- bled during the past year As the best lands of the company are esti- mated, at the present time, to be not over 16 to 20 per cent developed, there will doubtless continue to be a large increase in earnings for several years. A liberal percentage of the in-| come should be carefully reinvested in good producing royalties each! year, at least sufficient to replace the depletion in production from the older fields. ollowing out this policy, many very desirable royalties were bought by the company in proven fields during the it year; and it is estimated that approximate- ly $250,000 will be available for the purpose of reinvestment during the coming year. To add to the safety and security of the purchases of new royalties, in addition to having them always passed upon by the best ge logical advice obtainable, the policy has been adopted of making the pur- chases in many different fields possible, and buying a smaller terest in a large number of produ wells rather than a large inter any one property. It has been tifically demonstrated that this method add very ch to the stability of production the of royalty investmen “During the p: t in t year the company has been particularly fortunate in the purchasing of new roya interests, more especially in the tC field, Wyoming, and the Ranger field, Texas, that have been proven to be very valuable and promise to add many times their to the assets of the company.” NEW YORKERS TAKE OVER LANDS OF TWO GONGERNS. ek cost The Manville Petroleum company, and the Thompson Petroleum com- pany, the form ated south of the town of Manville in Niobrara county, loe: and the other Fremont just a short dis Soldier oil field, by three L. Francis county, nee north of the Lost ave been taken over ent Jesse Livermore City R. Mayer, Judge Mayer of New York Cit P. Chester Thompson, New York City. The drilling by these companies has been placed in the hands of John Grundish, { manager for West ording to reports. It 1 about that Grund- for drilling several ngs of the Thomp- mpany, north of promi eastern New men— York of , and formerly of of son is also whispe ish has a contr wells on the hol son Petroleum Rawlins. L. Curtis Hinkle of Cheyenne is transporting manager of the concern and will have charge of the work of moving all machinery and well sup- ¢ plics from supply centers to the vari- ous wells. Wells are under way on the Manville property and one well has been started on the Thompson Petroleum ’s holdings Lost Soldi David B. Cahn, attorney for the syndicate, and J. W. Lamme, who is Mr. Livermore's confidential man are both in Cheyenne hojding conferences relative to work now under way, and to work that will be started in six or seven other untried fields. near ae Save your money—buy a mea) ticket at The Harvey. | nd Prospects of Larger Out in Statement Checks for the fifth BIG LUSK WELL FLOWING AGAIN Goes on Rampage When Head Blows Off But Increased Pres- sure is Not Cause | | | Altho reports from Lusk field that the pioneer well on section 36 of the Lance field had “blown off its head” could not be confirmed at the Ohio office today, it was considered quite | possible that this had occurred. Ficld reports that the well was spouting | oil in great volumes aroused consid- | erable speculation in Denver and lo-| ;cal oil circles regarding its possibil-| ities. The theory that increased! pressure caused the cap to blow off is discredited here, the accident be- ing ascribed to worn dises and the condition of the mechanism applied to keep the well under control. On account of water shortage the | deep well of the Ohio company on | section 33 is marking time at feet, altho various rumors are afloat that important discoveries*have been made. This is the only well in the field in striking distance of the pay| sand. No less than 200 drilling outfits | have either been erected or are under process of erection in the Lance Creek field according to the state- ment of Tom Bell, president of the Buck Creek Oil company. The orig- inal discovery well of the Ohio Oil company is no longer without com- pany as four rigs are drilling within less than a city block of the original, site. drilled by the Continental Oil com- pany adjoining the Ohio property on the immediate west and the fourth! by the Midwest Refining company which owns property adjoining the Ohio on the north, One of the Continental wells which are being drilled on royalty basis for the Buck Creek oil company was spudded in last Sunday, a second fol- lowed on Tuesday and a third is no ready to start. The same intere: reported to be erecting a score of on various other locations. To handle the production from the well on section 36 the Ohio company | has been forced to erect 66 storage tanks of 250-barrels capacity and one of 1000-barrels. The 37,000 barrel tank which is located about a mile north of the well is being rushed to completion and will soon be able to take the production burden. Pipe to be used by the Illinois Pipe- line company for their pipeline be- tween the Lusk and the Lance Creek field has already arrived in Lusk. The pipeline workers are rushing con-- struction of the 388-mile line. BRITISH 10 | GREAT ARMY OF HORSES: LONDON, Dec. 20-—(Correspond- ence of the Associated Press.) —Ow- ing to the lack of ships to bring them | to England, 100,000 horses and mules of the British army in the cast-| ern theaters of the war are to be sold to the Arabs or destroyed. That announcement has been made by Ma-} jor General Sir W. H. Birbeck, di- rector of remounts. He has also stated that, of the British army's total of 750,000 horses in Europe, , chased in the United States—only those that are sound and under 12 years old will be shipped h About 125,000 war horses are to be brought to England, and Belgium is to have 50,000 for reconstruc- | al work. General Birbeck said: “We want to distribute them all over the count up to 100 a towns up to twenty an unaccountable prejudice against mules in this country. At present we have in England about 10,000 mules, many of which we want to sell, but people don’t seem inclined to buy them. The mule is an economical animal which does not eat so much as a horse, and for every horse that zoes sick, less than half a mule is sick.” THE CASPER DAILY TRIBUNE Furnished by T. Local Stocks | Bid Ask American 02 - 08 Bessemer _1G 12 Bib Bear 023 .03 Big Five - - 013 028 Boston Wyoming 19 21 Big Indian .23 25 =| Center 004 002 Columbine - -16 18 Con. Royalty --_ 84 87 Casper Embar -. 00% 008 Elkhorn ____ 40 44 Hecla — 003 003 | Jupiter .08 04 Kinney 2s 456 59 | Mount. & Gulf... .14 16 | Northwest -_ - Ad s51 Outwest - = 0.34 04 Pathfinder ....-. .05 06 Premier -- 01 02 Picardy -_- 10 12 Riverton Ref. — 14 16 Republic --_---. 02 3h Shiloh ,-_- 03% 04 United Pet. - 06 .08 Western Expll. -- — .80 85 | Wind River Refg. +23 226 E. T. Williams___ 2.40 2.60 | Wyo-Kans - 1.50 Wyo-Tex. --_ --_ 45 50 /| WYOMING CRUD Warm Springs ~--$1.00 Salt Creek __ - 1.50 Big Muddy 2.50 Pilot Butte — - 1.50. Room 212, Oil Exchange Bldg. AYLOR & CLAY New York Curb Bid Midwest Refg. --. 127 Midwest Com. ~~~ 1.27 Midwest Pref. - 1.43 Merritt ~__-_ 21.00 Glenrock Oil ____ Cosden ~. ~~ = Okmulgee __- 00 Sapulpa —____ a Oe} Houston Oil_____.76.00 Oklahoma P&R 5 eee New York Stock Exchange _ Stocks Open Close Mexican Pet. — 1653 + T Oil _- 189% Sinclair Oil = 335 U. S. Steel ~-._-- 903 oe @ Liberty Bonds Open Close 3is = 98.88 98.76 1st 4s - 94.04 94.02 2nd 4s _ - 93.60 9. Ist 44s - - 96.10 96.10 2nd 44s __ 00 94.96 8rd 4is 95.86 4th 43s 94.86 E OIL MARKET Elk Basin _ <== 1.85 Grass Creek — - 1.85 Fossil ~~ ----- contract Lander — 1.25 VAST AMOUNT OF OIL IN SHALES Rocky Mountain States Have Rich Deposits for Future Explora- tion, Is Claim Beyond human comprehension are the vast deposits of oil shale in W ming, Utah and Idaho, the supply practically inexhaustible. The ex- traction of vils and minerals from shale will undoubtedly develop into a monstrous industry, This t storage of oil had remained locked in nature’s vaults until recently man with but little effort solved the com- bination. R. D. George, state geologist ot Colorado, said, “Colorado oil shale alone will produce 36,000,000,000 Three of these wells are being| barrels or just under ten times un-| ton of oil s der as much as.has been produced in this country since the discovery of oil in 1859. Shale rock is dry. There is no oil in i#, for no oil ean be pressed ont of it, »nd the ordinary solvents for oil svch as easoline, benzine. ether. have little or no affect on it But with the use of well reenlated anneratus and a rradual heating to n certain temverature. the solid or- vanic matter i nthe shale is converted into venore which with suitable means for collecting come down in a copious flew of oil. In Scotland. France. Australia and * Zenland cimilar shales are beine Wed end the resulting ernde oil refined ond made to nrodnce + event variety of commercial products, The chi in Scotland have to be mined at a considerable denth ond contain on on average twenty gallons of omnde oil per ton of shale Wvominge »nd Colorado chale lies; well up on the mountain side and is | ote. is ie the enter the Best Ate /, | } | |NOT AN ENCYCLEOPEDIA, ONLY. A MAN, DECLARES CHURCHILL DUNDEE, Scotland — (By Mail) —Winston Churchill, the British minister of munitions, was so heckled by the women before whom he spoke in his home town during the recent parliamentary campaign, that he finally retorted: “I am only a man, not an encyclopedia.” His audience was composed exclusively of women and their heckling exceeded that of the average audience of men. After Mr. Churchill had appealed to the women to stop quizzing him |so sharply, they adopted a resloution | , supporting his candidacy. generally quarried from the surfac , They can be moved by gravity to the ore or supply bin making the cheapest known cost for mining and delivery. | The Progresive Co-operative Oil Co., has thoroly tested the shale on their holdings in the Grand Valley of Colorado. They found that to one of crude oil the products of which were: lubricating oil 60 per -cent, gasoline 19 per cent, gas oil 10 per cent, asphalt 5 per cent, paraffin 2 per cent. The expense attached to handling of one ton of oil shale is $3. The United States Geologist Sur. vey stated that the above lubricating oil produced from the oil shale is 10 per cent better than the lubricating! | oil obtained by the Standard from pe. the club who will visit every theater troleum. The American Continuous Retort Co., claims that there is more mone: ed on 72 tests they found per ‘ton: ammonium sulphate $3.60, gold! among the dutics of the local club $3.00, $1.50. There is no question as to the quan- tity and quality. Old mother nature in her wisdom, has been more than generous, in doing up the gigantic packages of oil and precious metals in the form of shale, and placed them here for man to open and profit there- b: platinum $4.00, and _ silver, wy oarder- there is MOSHER UN hale there was 56 gallons, \ T TREBLES - ON SALT GREEK STRIKE; OTHER STOGKS ACTIVE, —_——_ | From below $100 par value to $300! bid is the record attained by Mosher | jou eompany units after the well on) |section 16 in the southern end of the! Salt Creek oi! field was brought in, last Saturday morning. The sales at ‘the top figure were reported last! night by ‘faylor & Clay company. | The stock soared to the treble mark) jon the information that arrangements | fat the well had been perfected for| | bringing the hole to maximum pro-/ ruction, a crew of men being employ | | ed cleaning out the well and providing storage facilities today. All other Wyoming oil stocks were reported a little off on the New York | |market yesterday weakening tenden | ‘cy in all big issues being noticeable. | Midwest was off at $132, while all other of the popular Wyoming issue. noticed a slight drop averaging from one-half to two points. On the local boards, Elkhorn which “during the past week, according te | market rumor, was scheduled to hit |a 25 cent bottom, the figure at which the stock was originally put on tha |market, took a steadying turn and came about at 40 cents and is now strengthening. The range between! bid and ask is widening with both figures on the upward trend. | > <o | | | | I) Slagiamentsimiled | With County Clerk | ° ° Warranty Deed: | Gus and Lula Link to Wallace E. | Jewett, Cons. $1.00 and other valu-| able considerations. Undivided one- half interest in lot 1 in block 77, Butler’s addition. Samuel Switzer et ux to J. L. Jones. | Consideration, $400 S4 lot 22 in block | 59. { } | George McRorey et ux to O. E.! Rodda and M. E. Young, consideration $1, lot 14 in block 44, White’s ad: | dition. Greta A, and A. J. Potts to Nicolay-| sen Lumber Co., consideration $1,- N’ SE} and St NW3 Sec. 20-33- SEi SWi Se 7 and the Ni NW3 See, 20-33-79, Assessment Affidavit: The National Petroleum Co. in Twp. 40 N., R. 79 W. Oil Placer Location Notice, uary 20.): . Good Chance, No. 6, NW4 Sec. 30-} 34-78. | Good Chance, No. 7, NW4 Sec. 30- | | 34-78. Land (an- | Good Chance, No. 8, SE} Sec. 30-} , 34-78. BIG DRIVE SATURDAY TO SELL CHANGES ON BIG PATHFINDER CAR Plans for a big drive are being | |made by the With The Colors Club,| |to provide Casper’s quota of $3,000 | for the fatherless children of France. | | Among the arrangements already | | made is the program for a con-| |corted drive next Saturday night in| the business district by members of| and will seek donations after ad-- dresses by prominent speakers. The Pathfinder racer which was| in the residue than in the crude oil. donated to the cause by Steve Tobit} is to be raffled February 12, and/ ' will be the selling of 3,000 chances on the car at a dollar apiece. Support of the club workers is/| ‘urged by Mrs. A. J. Cunningham,| who is sponsor for the organization | in their worthy undertaking. A chance taken for a good cause may! react as an investment with the final {return valued at many hundred dol-| lars. | | Pal | 20 by the sybscribers to former is. | * GLENROCK ISSUE [3 GRABBED UP Additional Acreage..Garnered by Company Since Annual State ment, Say Officials WEDNESDAY, JAN. 22, 1919 ‘DRILLING COMPANY 10. ~~ | | = =— } TAKES REST FOR TIME | The Rocky Mountain Drilling Co., | is about ready to cease operations un-. | til about March 1 when it will begin La big drilling campaign for the Mid- | west Refining Co., that will probably |continue all. through the year. The The suceess of the new stock issue company has nearly completed the of the Glenrock Oi] company which) last well before the shut-down and is placed 100,000 shares of stock ony eo Bre oe only 3 pow sale at $3.50 a share to\be taken’, |ywill be at ean Shan onerations are by the company stockholders on 8 | resumed. The company’s entire equip, basis of one share for every eight| ment will be overhauled and repair- ‘they already held is evidenced by the j ed during the recess in preparation fact that virtually the entire allot.| for the beginning of the Muddy’s | busiest ‘year. | See | FORTY-ONE TRUNK LINE ROADS ARE PROJECTED AT KANSKS CITY MEET KANSAS CITY, Mo., Jag. 20.—A national organization will be formed here tomorrow by representatives of forty-one big trunk line road asso- ciations for the purpose of seeking federal aid for established national highways. It is hoped that out of the conven- tion will grow a union sufficiently the same field operated by several of strong to impress Congress with the the larger oil companies. They have!need of official recognition of the one well now in course of drilling, highways represented and of exten- and material on the ground for the /sion of federal aid to fully develop erection of seven additional rigs | them. awaiting spring operations. The convention was decided upon _ 2. Also, an operating agreementirc-ently at a joint convention of the carrying an undivided one-third inter- | American Association of State High- est in the profits of operations under | way officials and the Highway Indus- a lease covering 2,100 acres in what tries Association at Chicago. Repre- is known as the Orlena structure, situ- | sentatives of thirteen trans-contin- ated in Cook and Grayson counties, | ental and interstate highway associa- Texas. tions attended this conference. It is expected that a definite sys- jtem of roads covering the entire | country, for which federal backing \is desired, will be outlined at tomor- | row’s convention. ment has been taken up since January sues. The brokers in New York are! bidding 5 cents for rights of stock. | holders to purchase their share of the | stock allotment, gambling on a com. ; pletion of the stock issue within 80} days. Since rendering the annual report | to the stockholders, the officers of the | company have arranged for the ac-; quisition of the following additional properties: 1. Leases carrying three. terest in 640 acres, and two-fifths in, terest in 80 acres, and an undivided one-half interest in 960 acres, located in the Buck Creek field, Niobrara| county, Wyoming. These properties| are contiguous to properties within! ifths in-| GEOLOGICAL WORK Maps and Blue Prints, Surveying Testing a Specialty Wyoming Map and Blue Print Co., P. O. Box 325. Rm. 10, over Lyric Casper, Wyo. ~ | | ee | _ We will buy your second hand fur- |niture and pay highest market price. i Phone 249. 121 West First si Young WomanT ownsite In the Lusk Oil Field Che Illinois Pipe Line Co. is building a pipe line from the Lusk Oil Field to Lusk. Thousands of men will be employed in the Lusk Oil Field. The Families of these men will mean Thousands more. Young Women is the natural place for them to live. An abundance of good water, Telephone, U. S. Postoffice, on the main highway, and many other ad- vantages, at Young Woman. All lots $100.00 each, 1,000 shares of the capital stock of the Y. W. Oil & Dev. Co., with each lot. Send for folder and particulars write To the Young Woman Townsite Co., Phone 467-W Room 3, Mokler Bldg. Casper, Wyoming ERK KLERKE EEA KEELER IAI ALIAS WHY WASTE TIME AND MONEY BUYING NEW PARTS? Ship or Bring Us Your Broken Castings or Parts to be Welded. Ordinarily we will save you one-half to one-third the cost of a aew part and/save the time lost in ordering from the factory or agency. Welding also makes the brok$n casting stronger than the new by adding additional strength to the weak part that is broken. We have an Oxweld Portable outfit for field work for welding such pieces that are not easily moved; also for cutting out and welding in seamless patches in fire boxes, welding cracked flue side crown and door sheets, calking edzes, etc. Let the best equipped shop in the west give you an estimate on your work. WELDERS AND BRAZERS OF CAST IRON, STEEL, BI BRONZE, ALUMINUM AND OTHER METALS—ALL WELDS GUARANTEED : OXY-ACETYLENE WELDING SHOP 118 South Da: ri Phone 611-J “Across from Shockley Garage.” . Casper, Wyo. TAYLOR & CLAY, Inc. STOCKS AND BONDS Daily telegraphic quotations from New York, Denver, ana other markets over our private wires. Place the convenient facilities of our office at your dis posal to buy, sel lor obtain the best markets and up to the min- ute quotations. . , Information and quotations furnished upon request on Local Oils, New York Stocks, Liberty Bonds and other issues. Phone 203 212 Oil Exchange Bldg Casper, Wyo. a OO Te a 4 BEST BOWL OF CHILI IN TOWN e 15¢e AT THE CHILI KING LUNCH Beck of Graud Ceatral Bar All kinds af Ssndwiches at » popular prices Quick service, highest, quality D4 GOODE TOO OO OIa OM Gs).

Other pages from this issue: