Casper Daily Tribune Newspaper, January 24, 1919, Page 4

4s # ~ : SALT GREEK WN THE LIMELIGHT Mosher Strike and Recent Develo-; opments Add Material Area to Previous Limits | Despite the fact that the Big Muddy i field has given up about a dozen new wells to increase production during the past two weeks, the Salt Creek field remains the center of interest in Wyoming oil circles, affording the local market the first real sensation it has had in over a year. New wells, with the Mosher hole as the feature, have caused a return of interest in Wyoming’s premier producer. . The Mosher well is lo-; cated on section 16-39-78 and is one’ of the farthest producing wells from! the original producing limits of the Salt Creek structure. Thousands of acreage have been added to the virtually proven dis- trict by the arrival of the new well,| which may upset the whole geological | theory about the producing limits of the field. Scores of companies which! have holdings in the vicinity of the Mosher property have responded readily to the incentive and are show- | ing life after a period of inactivity | which has extended over a period of a year. . i Reports from the field last night} stated that the Mosher well had drilled itself into the sand and was blowing its head off yielding a pro- duction that will compare favorably with the largest producing wells in the Salt Creek field. R. J, Mosher who had charge of the drilling of the hole and is heavily interested in the company which bears his name, stated last night that| he was unable to make any estimate! on the production of the hole but that it could be classed with the best in| the district, CARTER OIL DEFENDANT IN $10,000 SUIT FOR BONUS DUE PLAINTIFFS A suit involving $10,000 in bonus interest was filed in the district court yesterday in behalf of The Dutton- Staley company and O. A. Graybeal} against the Carter oil company for} alleged non-compliance of contract. ! The petition alleges that the plain- tiffs secured a lease from the Alen Oil company on a large tract in the Lance Creek field and then made a} deal with the Carter Oil company} involving a consideration of $10,006 for the transfer of the leases. | After the assignment was made, uw | cording to the petition, the Carter) company refused to pay the plan. tiffs the cash bonus which was the! consideration of the transfer. The plaintiff interests sented by Attorneys Lowey and Dur- ham, while the defendant, Carter | i company, has not filed an answer to located approximately a mile from. pac|: the petition yet. ae — - FRIDAY, JANUARY 24, 1919 ) LLINOTS AUIS. | | For the first time in many months| BEAUMONT, Texas, Jan. 25.— BULL MARKET ‘SHIPYARDS RESOUND TO aoe eNOS HAMMER DESPITE PEACE Eee reached unprecedented figures. Leases ate being sold for a few ‘WYOMING CRUDE OiL MARKET Oil’ Gircles \Gimel Credence to.Re-|® bullish market extends all the way| t of Purch Helle ;from the big exchange to the smaller| port of Furchase jexchanges and brokers office through-| = > es } Tribune Wantaae are wonders. | f ooe~--n2.-----$1.00 Elk Basin ~__. -- 1.85 \ wonderful to look at—all Ler AY | ORE har ota “80 Grass Creek ~ 27 1185 to be grasped on such short notice, | aes entire farms would have brot « year|Dot oreee - : 2.50 Fossil oe Contract, Scores of bets have heen made,| nteed. ago and enormous investments have | 577 1.50!) Lander _-.------. .- 1.25|many of them to the four figure| been made. The legislature had expected to adopt measures for relief of drought sufferers, but since the discovery of oil little interest has be@n’ shown in the proposed action. There = MOSHER UNITS. money has often been paid as a bonus on just good prospect prop- erty. While the producing possi- bilities of the property to be com- mark, that heights unheard of in, Wyoming oil issues will be reached by the units before the end of Jan-} uary and also a number of smaller, | bets have been made that the units ‘will have reached the $2,000 mark {armistice was signed. cales—the assortment of stripes and solid colors are _ Special $1.00 value Four-in-Hands, newest col- orings, wide end shape, with slip-easy neckband. Special, 2 for 75e—Each 39c Shipbuilding on the Gulf coast is booming just as it was before the The number | é Y Hoa sted of workers has not been reduced. - MARKE BY WIRE Soldier Pipeline out the country, with the bear inter-| Government contracts held by the J Rromilaurclianlotannccenitawas rene swerving to the general demand four yards in Beaumont and two in Van 5 ported today that the Illinois Pipe- oercontidenca in stock and bond is ees pee enined aicwere ES IN TEXAS Furnished by TA YLOR & CLAY ting ceria iy Had purcensed tor? thal On the local market all stocks took #bandoned, but there were about ~ ; ° pts ae TG the Lost/0" & firmer tone and heavy increases forty ships in the two ports in vari- Room 212, Oil Exchange Bldg. pipeline now building from the Vostlin value were noted. Elkhorn, whic), 0US stages of completion and work Five miles of the line have been com. “28 selling near the 30 cent level on them is continuing. The ending Farmers Driven Out by Drought ‘pleted and within thirty days, it is i selling at 66 cents with a standing of the war aa Ge Ss - - York Curb Ew eeee ae tee slivered at Fort) fer of that amount for 50,000 shares/On one yard a range which is Flocking at a Prospect ren Newyork GERD) ie) claimed, oil will be delivered at More Ea ENGLaLSEEN EEE ToRE Tope Tee Building? Ships) eeoestthe Calle rov: of Riches : 208 Midwest Refg. --- 12ae | oe ' a rock oil on the New York market ¢™mment. 41 1.20 The same source is authority for)" z ‘ ‘ posers as A 3 1.50 the statement that the Midwest Re-- climbed Daa the aS mark despite the| inne Tribune eantad oiiliaaliat. (By Asaociatea rts Al Son ms Gai oo'99 | fining company will build a refinery |" wi , stock issue at $3.50 to are Nyact totes eannens Ss testes piston wyanlas i 8 “21 mai + Fort Steele and a tank farm Ge mbel brokers are Os) i i % X tock River. i nuses for purchase rights ed their homes last summer in piti-| Big Indian 23 25 | a The Continental Supply company! 0 the new issue. | GEOLOGICAL WORK ; ful white lines of old prairie wagons; Center -. 008 00g | Okmulgee - will inst ipply store at Rawlins All other local stocks have respond. || Maps and Blue Prints, Surveying are now going back in automobiles. | Columbine 16 18 | sapulee an ao ae a0 Peraths liver field. ed to the increase. Columbine, and Crude Oil Testing a Specialty Driven out by a three years drought,; Con. Royalty 184 87 ORGS Bay Ciara) ata Lost uy has a large, Glenhurst trailing Outwest and Salt | Wyoming Map and Blue Print Co., 2 they are going back as oil men. Casper Embar CO 003 u = et nM tion that will augment Creek issues in the upward trend. P. O. Box 325. Rm. 10, over Lyrie 2 ad virtually withered every leaf o .003 5 New York’ Stock Exchange ufactures at The Harvey, — i = o vegetation and from which the dis- 03 104 Stocks — | - - 2 heartened farmers departed for the 56 59 | Open Close OFFICIAL IS OPTIMISTIC | SPOCOO00000000000000006000000000000000000000000 000000 > cotton fields and other more prosper- 14 +16 | Mexican Pet, - 1654 1714 OVER CHAPPELL OIL LAND | 3 ous sections, are within the new oil 49 -51 | Texas Oil 188 1894 a | “BARNETT’S OF COURSE” 2 district. . 05 .06 | Sinclair Oil 34 3a | & Some of the farmers who straggled, .05 06 | U.S. Steel 908 923 W. C. Gregory, vice-president of e > | almost penniless, from the “parched 01 Ary a ec the Chappell Oil company, which is 2 aene” a few months ago can qualify 10 12 operating on“its holdings in the Big an a nh ] a e 3 as oil magnates, according to Vante} ‘ 4 16 Liberty Bonds Muddy field, returned to his home 3 Muse of the Fort Worth Chamber of]. .02 33 Open Close in Pocatello, after a several days’ | > Commerce, who has just completed a|: - .033 04 | 3 98.54 98.54 ‘trip of inspection of the company's) NOW ON > tour of Ranger, Eastland, Cisco,|* United Pet. 06 08 | 80 jinterests in this vieinlty, Me. eter 3 Breckenridge, DeLeon, Moran, Gor-| ‘Western Expll. -_ 80 85 | ory state: at he was well pleased! AT GREATLY REDUCED I 2 man and other towns in the heart of] Wind River Refe. 28 (26 | [with the progress made by the com PRICES 3 the new oil district. He says the pop- . E. Wiliams... 2.40 2.60 f pany on its Wyoming holdings which} . - " - a; ulation in many counties, Rtden com- Wrexuce saan 1.40 1.50 |, 3rd 41s 0 ‘he believed have good prospects of _ The finest pure Silk, Silk and Wool, Silk pletely deserted last summer, has} Wyo-Tez. ....-. 45 150 } 4th 44s ___ | eventually large producers. Striped Crepes, French Flannels, Madras and Per- sizes and all colors guar- are repre-| ducer and is now reported to have in-, again. been abundant fall rains that assured crops in districts outside the oil ter- ritory. ‘SIXTY MILLION TONS OF ONL PRODUCED IN 1918 LONDON. — (By Mail.) — The world’s production of natural oil last year was estimated at more than 60,000,000 tons in a statement made by Dr. F. Perkin in an address de- livered recently before the Institu- tion of Petroleum Technologists. This would be an increase of 10,000,000 tons over the productidn of 1919, he|the Casper National bank, is anbther| said. ‘FRIDAY THE 13 LUCKY DAY FOR THIS COMPANY Friday the 13th proved anything but unlucky for the Sheridan-Wyo- | | ming company, whose well spudded in at Maverick Springs under sucn | unfavorable auspices came in a pro-| SEM S100 «continued From Page One) - it. should be worth upon original is- sue from $6.00 to $10.00 a share from intrinsic. worth and dividend paying ‘possibilities. for a return of the unit. - ©. A. Bosks, assistant cashier of of the ‘local men who took advantage of the hunch to buy. He came in when the stock reached the $100 mark purchasing two units and sold out last night for $1800 a clear profir of $1,600 in two days. | R. J. Mosher, who was forced to |Stay at the well when the original excitement for “the shares started, \eaese in town yesterday and immedi- jately started to ferret out all holders of units pleading with them to sell ‘at their own figures. One holder re- |plied ‘there is no such animal as fig- ure’ and the excitement was .., Among the sales reported at the, $1,000 mark this morning was one made by J, A. Likely who after hear- ing the reports from eye witnesses who had seen the well perform went back and bid in excess of his receipts acres of land of $1,500,000 and has on | creased its flow to near the 1000-bar. | The evcitement attendant upon the rel mark. Inasmuch as the well is interest in the Mosher units bring F a old times to Casper reminding ; the pioneer discovery well of the ¢he old-timers here of the boom con- | Sheridan-Wyoming company in the! ditions of 1917 and indicating the! {same field considerable territory in-! prospects for development in Casper QUT WEST WELL ON 28 FILLING UP WITH Ol; HOLE 15, CLEANED OUT ED FOR Authentic word was received last) the annual meeting of the Riverton night that the Outwest Petroleum | Petroleum company, held at its of- company’s well on section 28-40-79 | fices here, the officers of the com. had filled up with oil and that the | pany for the ensuing year were elect- drilling crew will clean the hole out! ed and affairs of the company re-| today and bring it to production at ported to be in fine shape. All were | the earliest possible date. The oil/ greatly pleased with the outlook for *| tervening is proved up and negotia-| | tions are now being concluded for a | pipeline to assure early marketing of | the oil. oan Seg RIVERTON PETROLEUM IS ORGANIZED FOR NEW YEAR during the summer of 1919. Lass than a week ago J. E. Shulte and his sons, Arthur and Ralph pur- chased 23 units after an investigation of the property and today refused $82,000 for their interests in the well. According to the statement of Arthur Schulte he will hold his units to take advantage of the company which will be incorporated. At $1,000 units for 275 units the 820 acre tract comprising the north half of 16-39-78 the location of the Morher property is given an intrinsic worth of $275,000. That much ! | pletely tested the value should range {even according to the present price j of Wyoming oil stocks well past the million mark which should make the ‘units worth something in the neigh- borhood of $4,000 a unit. The Hurst interests, during the boom of 1917 paid $110,000 cash bonus for a right to develop section 16-33-76 in the Big Muddy field which was at best just a big gamble as was later proven under development. The E. T. Williams company on a pro- | duction of approximately 900 barrels |of oil per day from five wells has ‘a valuation on a smaller number of a production capacity of $40,000 a ! month. These cases are cited merely to | show the potential possibilities of the value of the Mosher units, which ac- | cording to the advise of brokers are ‘selling far below their worth, but | that the volume entailed is too large by tomorrow night. | i} DOO 00000000 00060000000000 | LOCATION NOTICES | AFFIDAVITS OF DISCOVERY | QUIT CLAIM DEEDS TOWNSHIP PLATS WARRANTY DEEDS MORTGAGE DEEDS BILLS OF SALE LODE LOCATION NOTICES POWER OF ATTORNEY ! PROXIES CHATTEL MORTGAGES and Many Other Legal Forme I. D. Barnett Outfitting Co. 121 East Second Street ©0O040004000000000 OOOO OOO OOOH OOOSCEOOPO FOOD For Sale By | Commercial Printing Co. 3 Com of ALK (in the Same Room With The Tribune Office) Printing Up-to-date ° —_——— -NOTICE. TO OIL MEN — Location pressure has raised the fluid to the top of the casing indicating that there is @ great quantity of oil in the pool: The pumps will be installed and| started today if possible. | IDEAL OWL COMPANY 15 INCORPORATED IN WYO. The Ideal Oil company, capitalized at $25,000 yesterday, filed its articles of incorporation with the secretary of state. Casper will be the head. quarters of the organization which has as its primary object the develop-| ment of its holdings in the Basin country. The directors for the first year are all local men, Chas. Horts- man, John Pettigill and W. Lind- sey comprising the board. Notices, Affidavits of Discovery, Assessment Affidavits, | Township Plats, Quit Claim Deeds, and vari- ous other legal forms for sale at The Commercial Printing Company, in the} same room with The Tribune, | 1-23-6t re = | During the war the London Coun-| ty Gouncil loaned nearly $50,000,,/ 000 to the British nati being developed by the Producers an: Refiners corporation. and Sand Draw will be watched with interest. The following officers were elect- | ed for the ensuing year: President, E. P. Wilcox; Vice-presi- | 35 dent; H. 8. Eastman; Secretary, F: Chattertin; Treasurer, J. A. Chen- ery; Dr. R. J. Inman, A. M. Garbuy, and Dunk MeGrégor are the: other members of the board of directors. - ; ANXIETY OVER MIDWEST Soe 1S UNFOUNDED Stockholders of the Midwest Refin- ing company ‘who exercised their rights to subscribe for yew stock and who have not yet received it, need! have no fear that it will not be de-| liveted. Owing to the fact that most, of the paymefits were made in the last few days prior to the closing of the offering on Jan. 6, there was much congestion in the transfer office, in New York and neécessatily some of the new certificates are delayed. De- liveries are being made 4s tapidly ‘as possible and all‘the new stock should be in the hands of its owners - within the next ten’ days. The coming! ‘spring will see much development | work by this and all other ced CLEARANCE In-the Men’s Department Will Exceptional Values and Liberal | ONE WEEK MORE Richards & Cunningham Co. “Think Richards & Cunningham When You Want the Best” iii URN IONNNLNNNi CN Ci nn SALE Continue Discounts * SEE HE HE HEHEHE HEHE HEHEHE EER IHU EHH IEE Young Woman Townsite In the Lusk Oil Field Che Illinois Pipe Line Co. is building a pipé 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 Woman 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 = 4 To the Young Woman Townsite Co., E ANNOUNCEMENT 3} toms nie as Pines Casper, Wyoming = : el 2 Breakfast will not be served atthe Wyatt 3 —————————-—— ——— — af 5) as = EERE RIMINI HHH EERIE RII IEAM RE RRRE = Cafeteria as announced = | _ WHY WASTE TIME AND MONEY BUYING NEW PARTS? = = Our Hours of Service: = x Ship or Bring Us Your Broken Castings or Parts to be Welded. é =x dinarily we will save you one-half to one-thi e cost of a X I 1:00 a.m. to 2:00 p.m. = : ieee ata. save it time lost ia oe ee pea Fee te ‘ E ‘ = Ff agency. be 3:00 p. m, to 8:00 p. m. BF , Welding also maker the brokin cating stronger than the new oy adding additional streng! o tae weak part that is broken. * W. i I 5 f ie have an Oxweld Portable outfit ee field work for welding } f wf 2 fs uleces that are mbt curly evs d Iso Aes cutti g out a Ee yatt Cafeteria 2 cheygetmage ds lees eon Wyatt Hotel Building 2 x veun eee best equipped shop in the west give you an estimate on f i = + WELDERS AND BRAZE F CAST IRO T BRASS HAUT UN : BRONZE, Nees OTHER Saal ; eS z = =a WELDS GUARANTEED FAA TNT t * F OXY-ACETYLENE WELDING SHOP * OUR JANUARY : Meee raceme Toe ok 3 Casper, Wyo. celtt x * 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. 9 Information and quotations furnished upon request on Local Oils, New York Stocks, Liberty Bonds and other issues. Phone 203 212 Oil Exchange Bidg. Casper, Wyo. EST BOWL OF CHILLIN TOWN = Qh 5c AT THE CHILI KING LUNCH y parte on recipe eel goon orale. CL