Casper Daily Tribune Newspaper, February 25, 1919, Page 4

h \ t t t DISCOVERS OL Drill Penetrates, Shales at 2,650! Feet in Well Abandoned by | the Northwestern. | Loveland, Colo., located just 60} miles north of Denver on the Colo- rado & Southern and an equal dis- tance south of drilling operations re- | cently started on the Round Butte; dome of Laramer county, lays claim to important oil discoveries, as the; culmination of a test well drilled within the city limits. Reports from | there states that the Loveland or-| ganization which took over the un- completed project of the Northwest- | ern Petroleum company in that region encountered oil in the shales at 2650 feet, several gallons coming up with the bailer each time it was low- ered. Drillers think they have found seepage from the sand and are pre- paring to case the last 250 feet of the hole before further drilling is done. Preliminary reports would indicate that the oil is a heavy black grade, instead of the light oil every field; hopes to obtain. The Significance of | the strike must also await a thoro test, altho the presence of oil in limited quantities will be encourag- ing to operators of that district. The nearest proven field to the Loveland district is 30 miles distant, near Boulder, Colo., but the wells there | gave up such light production that | operations were stopped. The Midwest and other of the large concerns have leased thousands of acres of land in Laramer county,| Colo., and plans for the extension of operations into that region were made known this year when rigs and gup- plies were moved to the Round Butte distr st below the Colorado line. Drillers there are down 500 feet at latest repo and will doubtless com- plete the first 1,000 feet of hole be- fore the end of the month. BLENROGK LIQUIDATES DUTSIDE INDEBTEDNESS The Glenrock Oil company on Mon- day paid to Norbeck & Nicholson a balance of $94,000 due on the Pilot Butte acerage purchased from th: firm when the Glenrock company avas organized. This payment liqui- dates all the outside indebtedness of the company. The recent issue 0 100,366 shares of new shares of new stock offered to present stockholde: i 0 a share, has all been s scribed and paid for and the Inte national Trust company of Denver and the United States Mortgage & Trust company of New York are now issuing the new stock to those en- titled to it. GEBO-CROSBY SPUDS IN WELL ON BUFFALO GREEK The Gebo-Crosby Oil company has moved a rig from the scene of former drilling operations in the Red Basin to its lease on Johnson dome, Buffalo creek. The first well in the new dis- trict will be spude in this week. The company expects to find oil in the Embar formation at about 900 feet, as predicted by geologists. Me aM Mo stecte cMe ste He te te o% sh the afe-cQo-efe-fe-ofe-ofe-e8e- slo cfe-eteete * AUCTION © SALE | 20 Head Pure Bred Stallion: t, Oo ote se che aM POU OU ITOH OHO 000 10%, K? K2 CoM e soehoetoesootost Cotes eee Sas CASTLE & “\a conservz 1 will sell at public auction on. Saturday, March 8, 1919, at GRAND CENTRAL STABLES Casper, Wyo. WORK TO START ‘Advent of Settled Weather to Wit- ness Extensive Operations by Wyoming-Premier. | As soon as the weather conditions permit, and additional rigs can be moved to the property, the work of developing the Warm Springs field! by the Wyoming-Premier oil com- pany will be started in earnest, and the coming spring and summer will witness greater activity in that sec. tion than has thus far been attempted. | This much was learned this week up- on the arrival in Thermopolis of party from New York city who interested in the field. The party in- cluded Maurice Singer, president of the Wyoming-Premier Oil company and holding a similar position with} The Singer Securiti corporation; Fred Bloom, treasurer; I. Resnik, di- rector and M J. P. Ulmer and Markell. | The holdings of the company com- prise 640 acres in the Warm Spring oil field, this acreage having been ac- quired from the Warm Spring Oil and: ‘évelopment company, which concern | was the pioneer in the field. There are seven producing wells on the property and each of these are suc- cessful producers. In addition to the holdings in the Warm Spring field, the Wyoming-Premier has 2,240 acres in Grass Creek, and 160 in the lease interests in various ions of Otey dome, and other oil and gas Wyoming, totaling over 3,000 acre The 640 in the Warm Spring district wil have 150 wells when drilled out. The property is wel equipped,, new roads have been constructed and old roads put in repair. A fresh water spring two miles distant has been pur- chased and a pipe line installed for carrying the water to the field to be used in operation and for the em- ployees. A complete camp, consis| ing of office building, garage, work shop cooking, dining and _ sleeping quarters for the workmen, has been constructed. The equipment includes a $16,000 power plant sufficient to pump thirty-one wells. Six of the wells now. producing oil are connected with the Thermopolis Pipe Line com- pany’s pipe line, and have been run- ning 24 barrels per hour. The seven- th will be hooked on soon, augment- ing the flow of oil through the lines. On a test run of oil made recently, 9 barrels wer run frem the six ells in five hours, or at the rate of ,200 barrels per day from the six wells. The settled production of these wells is estimated by practical oil men to be between fifty and ive barrels per day each, and tive estimate has been placed on the entire production of about 400 barrels every twenty-four hours. The plans of the company are to keep as many rigs they can secure constantly br da holes. Under favorable conditions this will give the field a greater pro duction before the end of the season. At a meeting of about 150 stock- holders of the company in New York on January 27th, a lution was passed declaring the first dividend of the company, and on July Ist seven- ty-five per cent of the earnings will be distributed and the remaining twenty-five per cent will be placed in a reserve fund to be ed for develop- ment and other purposes. — =~ When in the city stop at the Ameri- can Hotel, 148 So. Center St. 2-14-tf Poa ry Soho ° MECHALEY io, ° Oe Me 5M See aa K? Pee e s Twenty head of the bost pure bred stallions ever shipped into 4% Wyoming, consisting of | imported and American bred, ee ef = Percherons, Belgians and Shires, ranging in age from two to $6 six years, weihing from 1,500 to 2,100. — Se ‘e Breeders will have an opportunity to buy these big sound % «uxged types ut their own price. Every horse will be sold 2 % absolutely us represented and to the highest bidder, regard 4% “less of price. ood Se 5 3 .3 Owing to the fact of the big shortage of both pure bred and — 9% 4 ~— grade horses in the European countries it will only be a short & time until cxportations will be sailing for the foreign countries. rs ee It is to every breeder's interest to buy a ood stallion.to head his herd and to miss this known on day of s sharp. Oo mere - Sale RO Sede e COLONEL BANKS, OF & aise bigger and better horses. lot of good young stallions. @ FRED L. BROWN 1% 4% 4% 4% 0% he ate tocte ste ctectecie te ocesesediccie acetic ted + ptt AGP 0-450-460-0045 0 10 050-4000 050 4,0 20 O10 OOOO O40 420 10 00 10 Hee , a ny ee You cannot afford rms will be made at 1:00 o'clock will commence eateatod “ DENVER, AUCTIONEER K? ling in new ¢ ate ow POY Local Stocks ! Bid American -- Bessemer —- Big Bear _ Big Five’. Boston V Big Indian _— Center — Columbine _ Cons. Royalty — Elkhorn __ Hecla — Jupiter — Kinney - Mountain Outwest Outw 105 Pathfinder ~ Premier 01 Picardy 09 Riverton Refg. 12 Republic - 02 Shiloh - 043 United Pet. gt} ° Western Explr. 1.00 1.05 Ist 4 d River Refg. E. T. Williams - q Wyo-Kans 1.30 | Wyo-Tex. 45 -50 Mosher unite — 500.00 575.00 | ¢ WYOMING CRUD = OIL MARKET Elk Basin —__ Grass Creek - Fossil Lander OIL WORKERS APOPOSE BOYCOTT PROFITEERING Warm Springs $1.00 Salt Creek 1.50 Big Muddy 1.50 Pilot Butte 1.50 MUTUAL (3 NOT READY FOR WAK New York Curb BI | Midwest Refg. Midwest Com. _ Midwest Pref. __ Merritt - Glenrock Cosden ~___ Okmulgee Sapulpa -- Houston Oil Oklahoma P&. ° Mexican Pet. Te: Sinclair Oil _ U.S. Steel --- Liberty Bonds 2nd 4s LOVELAND, COLO.,WARMSPRINGS { TODAY'S MARKETS BY WIRE | Furnished by TAYLOR & CLAY Room 212, Oil Exchange Bldg. New York Stock Exchange Close 1783 192 | the seven-day period were destined to, 36 the following states: Colorado, 106 933 Kansas, 21; Oklahoma, 8; Texas, 33; Close 98.64 93.70 93.44 95.14 94.16 95.50 94.20 - A protective association with the Glenrock Refinery Hopes Larger Production from In- dependent Drilling. the Big Muddy. object of boycotting any firm or bus- for iness which exacts exorbitant profits is being formed by oil workers of The organization already has a large membership, in- cluding many women. The plan is Contrary to report, the Mutual Re-,to report overcharges made by mer- fining & Producing company of Glen-| chants or professional men for goods rock is not prepared to install a/’sold and services rendered and the wax plant at this time, as indicated complaints will be investigated by a by statements published in Denver! committee. —E————E A Want Ad will sell it. papers. 1 Nearly every company that builds a refinery intends eventually to have | a wax plant to take care of such parts of the oil as are otherwise wasted, and that was part of the original * plan of the mutual, but conditions up to this time have not warranted the investment necessary to make the ++ addition. The Mutual refinery is a 1500 bar- rel plant. It is now refining a little more than 500 barrels per day, the only production going through its stills being that of the state. The e of handling 500 barrels a nearly as great as running to acity and ‘the profits therefrom cannot be measured by the ratio be tween 500 and 1500 barrels, The Midwest and Standard have the production of the Big Muddy field practically “cinched” and the only hope of’an in sed production for the Mutual lies in the independ- ents. There are several wells of that }} class now drilling and the company (fi hopes for recogn He ion if oil is found. |$4 ste Money to Ioan on chattels. Secu- rity Loan Company, Suite 302 0.-S. Bldg. 1-2-tf THE CASPER DAILY TRIBUNE. | | | | | ! | jweek and with $2.10 to $2.2 Produce Market Week-End Review of Prices to Jobbers and- Shippers Furnished by U.S. Bureau of Markets, Denver ing tailers. _ California limas declined 75c in sepding consuming markets, rang- 9.50 to $10.50. Shipments for the entire country decreased to 64 cars compared with 81 the week be- fore. Onion Markets Firm. Values are well sustained and the undertone appears strong, some mar- with 207 last week. kets reaching new high points: The prevailing range to jobbers for good sacked yellow stock in eastérn mar- kets is $2.25 to.$2.78 per hundred, and $2.00 to $2.50 in middle wéstern markets. Shipments from all produc- ing states were 254 cars compared Summary of General Conditions. Values in general showed a some- what stronger tendency. Potatogs re- covered somewhat in various dis- tributing markets. Dry bean market) continued weak. Carlot movement was lighter for most leading commodi- ties. ‘ Western Potato Shipping Points. Colorado round whites weakened slightly at Greeley, closing at 90c, wagonloads trackside, for U. S. grade No. 1, and 65c to 75c for No. 2.) Idaho’ Rurals, U. S. grade No. 1| closed at 75c and Rugsets at 90c at Idaho Falls. At Waupata, Wisconsin, No. 1 white stock closed at 90c, ware- house cash to growers, and Red) River Ohios closed at 75c to 90c at Morehead, Minn. Potato Shipments. Carlot shipments from Colorado for the seven-day period were 241 cars compared with 334 last week. EHEKKEEEERERE EE 7 Our Hero as all have seen, is fond of food cooked well and clean, and that is why he’s got this hunch. When-e’-er he takes OUR HERO his daily lunch MANHATTAN CAFE He knows he’ll find Friends, Food and Service to his Mind Merchants’ Lunch—11:30 A. M. to 2 P| M. Orchestra Entertaining Noon and Suppér Hours He Takes It At THE MANHATTAN CAFE Where Everybody Gées “Our Assets is the Satisfied Customer” Club. Breakfast—From 5 to 10 A. M. fs s Idaho shipped 130 cars compared with 125 last week. Shipments for the entire country decreased to 2,191 cars compared with 2,309 last week. Destinations of Colorado Shipmen' Colorado potato shipments during Missouri, 19; Arkansas, 1;' Alabama,| 1; Louisiana, 4; Tennessee, 13; New! Mexico, 5; Arizona, 6; Ohio, 3, and/ Towa, 2. | Carlot Prices on Potatoes. Colorado and Idaho Round Whites, U. S. Grade No. 1 declined from 10c/ Se in the south central markets, | closing at $1.65 to $1.75 in Fort Worth; $1.55 to $1.60 in Oklahoma City and $1.75 to $1.85 in Houston. Wyoming and Montana _ Russets closed at $1.60 to $1.65 in Kansas} City. Idaho Russets advanced from} Be to 10c in Chicago, closing at $1.75 to $1.80. Best northern sacked white stock recovered last weeks’ decline in Chicago closing at $1.65 to $1.70,| compared with $1.50 to $1.60 last) 5 at the! height of the January rise. i Western Bean Markets. | Demand continued poor and move-| ment slow. Prices to growers for Colorado pintos weakened to $4.50 to; $4.75 in bulk, at Greeley and Albu-| querque. At Denver, Colorado pintos} Sold to jobbers at $6.00 to $6.50) while Dallas and Ft. Worth ranged| from $7.00 to $8.00 recleaned, to re-| GEOLOGICAL WORK Maps and Blue Prints, Surveying Crude Oil Testing a Specialty Wyoming Map end Blue Print Co., P. O. Box 325. Rm. 10, over Lyric Casper, W: 100 PER CENT WOOL 100 PER CENT WOOL “Clothes for the Man who Knows” Latest Fashions and Fabrics for 1919 J. S. PETTINGILL Tailoring De Luxe Room 214 O. & S. Bldg. 100 PER CENT WOOL Our Wantads are powerful pullers, ee a ‘Cotfes Daily telegraphic quotations from New York, Denver, ana TAYLOR & CLAY, hic. STOCKS AND BONDS other markets over our private wires. Place the convenient facilitied 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. 212 Oil Exchange Bldg. Phone 203 FIRST PUBLIC SUBSCRIPTION POWDER RIVER SYNDICATE U AT $100 PER UNIT the Winona Oil Corporation to finish drilling the well which is close to 700, feet deep and has oil in the shale, Casper, Wyo. and will drill other wells on Winona land. IN “ADDITION TO THE ABOVE The Powder River Syndicate own and control 1280 acres of the choicest and most favorably located oil land in the REAL POWDER RIVER FIELD. FOR FURTHER INFORMATION, LITERATURE, Etc. C. KIRCHNER, General Manager and Sales Agent 520 East Third St., Casper, Wyo. P. O. Box 1117 Brokers and Representative Sales Agenfé who desire to handle these units should wire or write at once for. Phone 703 Address y detailed information. 1774 Broadway "a Also Lobby Savoy Hotel—Phone Main 5656 . ER HREHE EEK HKALE HHI HI YOU BUILDERS. SEE CASTLE & MECHALEY For gravel and excava’ Our price for délivery of gravel NITS MULTIGRAPHING COLORADO MULTIGRAPHING COMPANY j—Stéenographers Multigraphers—Nota: Office Supplies | . Denver, Colorado CASTLE & MECHALEY CONSTRUCTION COMPANY 141 W. Second St. Telephone 20 and sand, $1.50 per yard; delivery any part of town. _ EVERYTHING IN BUILDING MATERIAL RIG TIMBERS A SPECIALTY FARM MACHINERY We give you good service FREI IIT IH AT A TI TTI — Phone 62, Office and Yatd, Fitst ahd Catton, ; Keep Your Pledge—Buy War Savings Stamps IIIA III IE WAGONS COAL