Casper Daily Tribune Newspaper, August 28, 1919, Page 4

——— Che Casper Daily Tribune THURSDAY, AUGUST 28, 1919 TODAY'S MARKETS BY WIRE F ergs ie ices & a IZ Local Stocks { W9-O-Tek) £522 _2. 20 23 ale | New York Curb Amalgamated Rity. 1.12 Bid % a Midwest Refining __ Midwest Common _- Midwest Preferred — Merritt ____ Glenrock Oil 167% 200 2 50 Big Indian Burke Oil __ Buck Creek Black Tail ~ : or Si Columbine __ 86) eae Consolidated Rity Wg) Re 4 raed Cow Gulch _ 155. || Nese nae eee Eaoaiay Elkhorn _ = 40 eee ener ce ae Great Wes - 21 New York Stock Exchange Hhiatan = -03% | Mexican Petroleum . 174% 177 Jupiter - 04 | Texas Oil v- _ 247 251 pate Far - ‘67 | Sinclair Oil 58 58% Lance Cr. ‘s 66 Ls. =a ~~ 101% 101 Lusk Rity. -__-__- fy }) Mtb) Staal ee Lusk Petroleum ___ 35 Units | Mt. & Gulf. -_ Stanley Greene _-._. 60 75 Mosher Oil Z Mosher 500 600 | Northwest - 200 Club — 300 850 Outwest _- - Teapot 90 100 Picardy _____ Riverton Ref. ___- Rity & Prod. Corp. Sunset _____ United Petroleum__ | Wind River Ref. Williams, E. T.___ Victory Loan _ WYOMING CRUDE OIL MARKET | -$1.00Elk Basin ____ = 2.854 1.50Grass Creek - Iz Muddy - Pilot Butte SHORTAGE OF OIL FAGES NATION VABNING SOUNDED AT NSTITUTE:ss:2= = intentions of the comps further drilling on the hole cannot ways and means for American oil producers to meet the tremendous increase in the demand for oil products. Oil companies and prominent oil producers from all sections of the United States agreed that the world is facing a serious shortage of oil for greater development of old and new fields. The oil men will hold a session at, — - - the summit of Pikes Peak, as the|Kingsbury said. “It has been kick- dats atl Soeuer: Denvoseneb sth ed about so often that few oil men guests of Spencer Penrose. The meet- Weally know what its terms will be. ing will last until the end of the It is the natural conclusion among aa oil men that gusher wells will come in z z Z fer much larger royalties than will Walter C. Teagle, president of the the smaller producing wells Of Standard Oil company of New Jer- course, all valuable government oil ‘y, who declared that the de lands are now idle, but when they are of the government to equip its navy developed the serious shortage we for burning oil instead of coal, pro- are now facing will be reduced to duces a new phase in the oil industry. | omne extent.” “The government will require ten Mr. Kingsbury declared that the | million barrels a year for this pur-| California refineries did not refuse Mr. Teagle said. ‘The United) to sell oil to the navy, as was s is producing only about one} ported, but that the naval officials million barrels of oil daily, and the) refused to. consider any of the bids increased mands from the auto-| and commandeered what oil they mobile users, the increasing tractor | needed, paying an arbitrary price of industry and the airplane industry! their own for the product. { will push the producers of oil to} Van H. Manning, director of the the limit. Mexico is exporting a) United States bureau of mines, de- large y Atlantic s, and for the| give immediate and serious consider- present time this is handling the¢ation to the development of the vast situation. California produ are'pil shale deposits in Colorado and unable to compete with Mexico be- Utah, Mr. Manning said that the oil cause of freight tes, and America, 'shales of the United States may ul- in exporting quantities of oil to timately produce seventy-five _ bil- Europe, is taking away from the lo- lion barrels of oil, but that no suc- cal market oils thet are needed here.essful commercial proc Production must be inereased to treatment of the shales kee vith these demands.”’ Mr. | discovered. Te ared that no man could! “The only immediate process for predict where the next big develop-|relief from the impending oil short- ment will take place in the oil in-| age is that the United States gov- dustry. ernment will foster development of ; Just what benefit will be derived, the oil shales and the entrance of | from the oil leasing bill now pending! American capital into new foreign in congress, or to what extent it will/ oil fields,” said Mr. Manning. help to relieve the nation-wide oil Mr. Manning has a plan which he shortage is something that no one \will submit to the institute to bring | of the oil magnates at the institute together the oil producers and refin- care to venture an opinion on. \ers in a royalty scheme to permit ex- K. R. Kingsbury, president of the} periments in oil gonservation and de- Standard Oil company of California, | yelopment at the expense of all. ‘Oil; declared that the passing of the leas- conservation is just as important as ing bil) will have little effect on the | oj] development,” he said, “we have larger companies, which either own been wasteful of our oil and gaso- - or lease their property from private | line, we need invention to reduce the pwne He said that the bill will be joss of gasoline and fuel oil,” he add- of great help to smaller~ producers ed, and will undoubtedly stimulate drill- Government appropriations for the | ing many fields. bureau of mines oi] experiment are | “This leasing bill has t jimited, and Mr. Manning has asked for the last nine year Mr. the oil men to use their influence Sor coast st: 1 pend- ing ” | enough, be learned. The American Petroleum institute started its session at the Broad- : a ; saree 2) Olid sal C ; Banas 7, . eer would condemn Pathfinder Oi 0. moor hotel, Colorado Springs, on Wednesday with a-discussion of the ieidings but es plenty ‘of oil! was/ahandoned, Ms found in the Jupiter well it is poss-|the Lincoln Petroleum Co. is confi- Heads of various Standard ible that it will not be regarded as|dent that unless further work is done a complete failure and that work will|to shut off the flow of water which | be l s i finder in hopes that if water is en- in the next five years, and that strenuous efforts will have to be made it has ruined the well. turned to work on this well and will put casing back into well and cement water chance of saving the well when the water is shut off. leased some proven oil land in the Burkburnett Oil field of Texas and expect to put a well down there at once. | who are drilling a test well southeast | of Glenrock three miles have resum-| ed drilling « frount of boiler trouble, they are now about 2200 feet and expect to go to to| W000 feet if oil is not found before. | The well has good oil showings and should this well come in it will eX-| ——._sesee ¥end the Big Muddy Oil field several | quantity of crude oil to the|clared that the United States must | miles southeast of the present field. | ee more funds for this work. He told ‘of numerous private concerns which jhad asked for government aid in ex- FUSZLLLLLLL I CURE WORN OUT, DISEASED MEN AND WOMEN Are You Suffering From Any Chronic, Special or Blood Disease r vitality #! you id undermining your health? are 1 will cure you at a antee a cure if Ta My motto: Honest, faith skill) quick results and. re My consultations aud examinati dential 7 DR. MOORE, SPECIALIST Sui 2nd Flor, Gike elevator. Hours 9 a. dvanced treatment, Bes. expert free and strictly confi- Lmpire Building, Sts. Denver, € .m.: Sundays 11 ¢ the & BEST BOWL OF CHILI IN TOWN N 20c AT THE CHILI KING LUNCH Grand Central Block. All kinds of Sandwiches at \ popular prices. Quick service, highest quality, LEME EE EF -—__ | Twelve New Stills at the Midwe st Refining Company Plant Erected | at an Estimated Cost of $500,000, With a Capacity of About 25,000 Bar- | rels of Oil Daily. A Battery of Twelve More Stills is Under the Pro- cess of Construction. | Ble MUDDY FIELD NUTES Merritt Deep Well 1 Mutual Refinery Co. The Mutual Refining company tefinery at Glenrock is shipping d. ja train of 18 to 26 cars of oil and gas-| foline to points in Colorado, Montana, | \Nebraska, South Dakota and Wyom-| ing. The refinery is now refining | about five thousand barrels of state royalty oil a day, and has started |work on doubling the size of the re-| finery making it a ten thousand bar- The Merritt Oil company test sec- rel refinery instead of five thousand. | ond Wall creek well in section 9-33- Big Muddy Oil Field 76 is being drilled with a rotary drill The Glenhurst Wyoming Oil Co., and is present ebout 750 feet locate’ on section 31-34-76 who lost| deep, expected to be completed rig by fire several weeks ago, have | ubqut November the first. rebuilt rig and replaced machinery This is the first well to make a destroyed and resumed drilling at the | test for the second Wall creek sands depth of about 3900 feet, expected to in the Big Muddy oil field and should gtrike the Wall creek sands at about | they strike the big oil in the second 4300 feet. This well is joining the Wa creek sands this will assuré property of the Pathfinder Oil Co., | other companies that have brought who are awaiting results of the Glen- in water wells in the first Wall creek hurst Wyoming well to be drilled sands that they did not drill deep)north of the famous Fenex well and should they strike oil it will prove the northeast part of the Big Muddy | field to be productive for several } miles northeast ef the original wells. Cease Work on 36 Lincoln Petroleum Co., has work on the Pathfinder Oil -76 and the y regarding The Jupiter Again Starts Work The following statement was made | by W. H. Essex on August third: Al-! though to all intents and purposes, the Jupiter well 85-34-76, adjoining Pathfinder and Glenrock Oil has been | ager W. H. Essex of It has been taken for rranted that a failure on Jupiter well continued eventually on Path-(apparently condemned the hole as an | oil producer, one of the best wells in ountered it can be controlled before | The Jupiter Oi] Co. Thursday re- | Otto H. Krausse | Brokerage Co. | HENNING. HOTEL off and have an excellent The Jupiter Oil Co., have also. s, VI FISTS AILAIFTLLIPLALLALAL LL We Recommend | E. T. WILLIAMS AND CONSOLIDATED ROYALTY As 2 Splendid Investment *, Market Quotations. Tel. 1155 Travelers Oil & Refinery The Travelers Oil & Refining Co. | ter a shut down on ac- | GEOLOGICAL WURK Maps and Blue Prints, Surveying Crude Oil Testing a Specialty Wyoming Map und Blue Print Co., P. O. Box 325, Rm. 10, over Lyric Casper, Wyo. periment and whose work had to be abandoned because of the lack of | money. l {IOTTOOIIIOI IIS IORI SA & Lester Brokerage House Inc. NEW YORK OIL 156 N. Wolcott Phone 1142 x IID ISIS ODS ID IS SIDS IIe TAYLOR & CLAY, Inc. STOCKS AND BONDS Daily telegraphic quotations from New York, Denver, and other markets over our private wires. Place the conveuient 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 Casper, Wyo. 212 Oil Exchange Bidg. 4 EVI SZISALLLLLIPZLLAZLLZLLL EL 2 N N N N N N . N Dutton, Staley & Company ¢ “Casper’s Pioneer Brokers” Daily accurate quotations from New York, Denver and Lusk over private telegraph wires. All local oil stocks bought, sold and quoted. Instant service. List your stocks with us, We will get you the highest possiple price. Ask for our Market Letter 411 Oil Exchange Bldg. Casper, Wyoming Phone 1133 Ithe Big Muddy will be passed up, one | Essex and the drillers that abe ott $400 000 BATTERY NF STILLS AT A FINERY fof the drillers who assisted in ara ben water comes from abo | : BS ling the hole is of the same opinion * ‘and both men seem certain that the {expenditure of a few thousand dol-| lars would save the well, in which | .oturned to their home in Arminto, | more than $60,000 has been expend: | Wo. where Mr. Green is the mana: | ed, when the drill had penetrated the | cer of the branch store of the Rich- ‘Wall creek sands and the flow of wa-) ter exceeded the flow of oil it was| decided to cease work. | | A representative of the company | was sent to make an inspection and {upon his advice thé company decided {to plug the hole and pull the casing {in spite of the {that he could by the expenditure of about $3,000 control the water flow and turn a failure into a big suc- Read the Tribune want ads. that it can be suceéssfully stopped. | | Mr. and Mrs. A. F. C. Green haye | Stocks, Bonds, Real Estate Greater CasperBrokerage Company Koom 101 +: Wyatt Bldg. Phone 1104 List Your Real Estate Wants With Us for Quick Action asetenetitniannntincedestell ——__— ards & Cunningham company. OISON OAK Wash with weak solu- tion of bive stone or limo\ water, dry thor- drillers’ statement | oughly, follow with light appli- cation of— VICES Me It is the belief of Manager is cigarette satisfaction—and, my, how you do get it in every puff of Camels! XPERTLY blended choice Turkish and choice Domestic tobaccos in Camel cigarettes elimi- nate bite and free them from any unpleasant cigaretty aftertaste or unpleasant cigaretty odor. low-mildness of the tobaccos yet re- taining the desirable “body.” Camels are simply a revelation! You may smoke them without tiring your taste! For your own satisfaction you must compare Camels with any cigarette in the world at any price. Then, you'll best realize their superior quality and the rare enjoyment they provide. R.-J. REYNOLDS TOBACCO COMPANY, Winston-Salem, N. C. Camels win instant and permanent success with smokers because the blend brings out to the limit the refreshing flavor and delightful mel- MII IEIOOII III EO IES STS ST Buy Shares Today in the Mosher Oil & Gas Syndicate At $100 Each Mosher Uil & Gas Syndicate oWns one-half interest in Sec. 36, Twp. 77 IN. INange, 0+ W. wiih one gas We with a capacity of 2,500,000 cubic teet daily and one oil well estusated, when put to producing, at about 25 barrels. We are dniling a well now aad are about 1400 feet deep. We ex- pect to reach the sand at |./UU teet tp afew days. Ahe Syndicate has 50U shares at $100.00 each, of which we agree not to sell more than 300 up to the time this well will be drilled in, and if it becomes necessary to sell more to finance the proposition later, each unit holder will have a chance to buy in Proportion to his holdings. The well now drilling is being drilled by contract and will cost ap- proximately $1 1,000 when the sand is reached, of which 50 percent is chargeable against the production owned by other parties. This property is situated on one of the best defined domes in the state, contains 640 acres and is a state lease. It was originally located by the late Edwin Hall, one of our most eminent geologists, This field was all withdrawn in 1909 except our school section and 40 acres held by the New York Oil Co., who are drilling a well on their hold- ings. As the time is limited make out your check to-day to I. N. Clay, trus- tee, for as many shares as you can handle and send same to 212 O. S. Building or L. F. McMahon, Oil Exchange Building. I have among my share holders at present only men who have been successful in the oil game and who are willing to bank their mone judgment, as they know R. J. Mosher has been about as success ing winners and leaving losers alone as any one in the business A few of the present share holders are I. N. Schulte Bros., Glen Leidecker, Fred Messiner, Adams, M. G..Saunders, and Robt. Frazier. Manager, R. J. MOSHER, Trustee, |. N. CLAY, Se y on my ful pick- Clay, R. G. Hagens, Harry Free, George NII TITLE II IL ISL ISOS ISS I SIIIIISE IIS IOI LIS ———————_