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

Aas reer LPSe fit Va all ig iG Sh ye TODAY'S BY WIRE Farnished by TAYLOR & CLAY Room 212, Oil Exchange Bldg. Local Oil Stocks Wyo-Kans -_- Open | Wy-O-Tex _ "12 ir Amalgamated: Royalty -$1.50 America — cee 02 , New York te Stocks a .06 07 pen jose Midwest Refining -_$170.00 $171.00 O1L POOL SWEPT Near Electra Damaged and Oil Is Lost. ELECTRA, Texas, Oct, 22.—With two wells, Nos. 3. and 4, on the Har- BY GREAT FIRE Two Wells: in Northwest Field! 23 -24 Midwest Common rison Dale | iu block ¢ ill . ts ry 1.75 2.00 fale Jease, in block 97, still eae = 74 15 Midwest Preferred __ 2.00 3.00 0” fire and damage from this source lan 48 -52 Merritt _____ 26.87 26,62 yet to be estimated, loss resulting} Burke Oi? _ 37 -39 Glenrock Oil _ - 8.87 4.00 from the disastrous fire breaking out! Heck Creek 1,05 1.10 Gosden _ ~ 11.00 11.12 Saterday has been placed by conser- Bisek Fat e 15 AT Okmulgee P. L785 2/00 vatlve estimates at $154,300, not more | Olumbine __ .38 Sinclair Gulf 59.00 61.00 than half covered by insurance. When! Consolidated Royalty -. 1.01 Salt Creek Pro. Assn. 52.75 53125 complete estimates are in it is thot/ Sow Gulch _ "94 Wat Sco a ae bots thar figures pate. loss ual ameane \h 4) Pages .80 . 7 . “ Son. Well above $260,000, and possibly} G. W. Petroleum 10% Prod. & Ref, Com_- 8.00 8.25 much higher, making the fire the} Hutton Lake _ 02% New York Stock Exchange Stocks | most disastrous in the history of the} Jupiter —__ 02 Mexican Petroleum_$254.25 $257.00 Northwest pool. } Kinney __ 60 Texas Oil ____ 2.88.00 289.50 Lack of sufficient earthworks | Lance Creek Royalty 34 Sinclair Oil 60,00 61.00| around the tanks, which allowed the tusk Royalty _ "25 U. S: Steel__ 110.12 111,25. burning oil to run from bursting tanks | ~usk Petroleum -20 Units. to all parts of their own and ad- Mountain and Gulf. “69 Stanley Greene _ £-$ 45 $ .60 joining leases, is chiefly blamed for! * - the spread of the fire, which orig- Mosher Oil __ .30 Mosher ._ 600 . . A Norifiwe: Fa 20) inated from a stroke of lightning} st - .50 200 Club - 350 f the bs € tank: | Outwest 06 on one of the battery of tanks on Picard hate) 8 the Harrison and Dale lease. The riesiss Rehan 08 bursting of overheated pipe lines con- R sie NDI) — ang “ tributed to the spread of the bla tue ity & Prod. Corp_ dD Be: At least three dozen tanks rang- unset —__ hy jing in capacity from 500 to 1,200 Tom Bell Royalty 18 2 barrels and with a total capacity of | United Petroleum — 1.45 1.50 2nd 4234's _ about 19,000 barrels of oi] are be-' Wind River Refining. 12 13: 8rd 4344's _ lieved to have been destroyed, which, | Williams, E, T....____ 1,49 4th 434’s _ with the oil that was in them, r Western Exploration.__ 3,88 Victory Loan _ WYOMING CRUDE OM, MARKET Warn Springs -....-_. $1.00 Elk Basiz Salt Creek Big Muddy Pilot Butte -~---..... LEASING BILL NOT PERFECT BUT t ACCEPTABLE, MONDELL PLEASED Measure Improved by Adoption of Amendments Urged by Wyoming Solon and Hope Is Held Out That Conference May also Make Changes (Special to the Tribune) 7 . ' WASHINGTON, Oct. 22.—Sucgessful in his long uphill fight to perfect the oil leasing bill so that it would offer greater protection for the operator, the homesteader and the public interest, as well as con-' tribute materially to the treasuries of states from which revenues orig-| inate, Congressman Mondell has reason to feel proud of his victory’ over strongly entrenched opposition, as evidenced by house public lands committee on the Smoot measure. While he has said from the first that the measure is by no means just the kind of a bill he would haye if he could have his way about it in all things, stil] the bill as now reported is so much bet- ter than heretofore, and the improve- ments are so uniformly along the lines which have been ins by the Wyoming cong: the first, the result is a real triumph| for the gentleman from Wyoming. As now reported to the house it is really a leasing bill. Mr. Mon- dell h insisted from the first that if we ate to have leasing legislation, all of-the remaining coal and oil lands in the interest of justice among oWners must be placed under a leas- ing system, except claims to be pe the report of the NO AIG CHANGE IN WOOL MARKET | Demand fot Fine Wools Causes Surprise While Mediums ' Are Easing Up. “The past month in tne wool trade bas been without spectacular feature Siys the monthly letter of the First National bank of Boston. ‘The posi- tion of the finer wools has been gen- | | fected under the laws under which’ e-ally well maintained, especially for| they were initiated. wools of good staple, while medium | It has been a long contest, but und low wodls have eased a bit in| the bill now reported pure leas- sympathy with similar grades in oth-} ing measure rather than the hybred er markets of the world. ‘or the} m that is in a better of former congresses which held out hopes of a fee title in some instanc¢ immediate future, it would the American market which probably would not have been strategic position than for ‘several! realized, or which if issued would months previous, and measurably have destroyed the equality which nearer to a stabilized basis. Th should exist among beneficiaries of the bill. The provision which meant most for Wyoming and the people gen- erdlly, and for which Mr. Mondell has persistently fought from the begin- ning, is the one which gives to the) states 45 percent of the royalties pro-| vided for by the act. Opposition to strength of the fine wool market, be- se of the steady demand for the! } prise, yet en Continental Europe uppears to be indulging in the ¢ viugant demand for fine fabrics. There | seems to a tendency on the part! of manufacturers, however, to get| back to medium grade fabrics and| Lag }acquired for $157,800 e fabrics, is a matter of some sur-| | sulted in a loss of $57,000 from thi jitem alone. Damage to gathering lines of the pipe line companies is conservatively estimated at $10,000. The Hartford and the Harr On the Harvtsun Dale lease, which has two wells yet on fire, demages to which may double or triple the other leases, the loss of two rigs, two derricks and a battery of tanks full of oil is placed at above $50,000 alone, Damage on the Hartford lease is} placed at $52,000, with the company losing two derricks, a Star rig and 3,- 200 barrels of oil, the American Pipe Line Josing 1,500 barrels of oi! and) the Damon Drilling company two ro-} tary rigs. } Prompt action on the part of the Texas Chief and Cannon Hobbs peo- ple confined the damage on these leases within rather narrow limits. The Texas Chief No. 4 which was} for a while on fire, was promptly stopped, before it was believed perm-| anent damage was iricutred. The first was steamed, but igniting again from the superheated casing, was not finally stopped before a water linc | was laid and the casing cooled. Damage on'the leases of these com-| panies is estimated. at $17,200° each. | euch josing a derrick, a Star rig and 6,000 barrels of oil. GREAT STRIDES, WILL SOON PAY DIVIDENDS! Starting operations four years ago with $1000 in cash and two strings; of tools, the Keoughan-Hurst Drill- ing company shows unusual prog in its annual statement with the de laration that the company now has $300,000 in cash assets, is earning} $480,000 a year and owns leases of) great value. which Will greatly in-} crease earnings of the future. Says a Denver paper: | “The two wells which the company has just completed in Stephens coun- ty: Te » and waich are connected; with the pipeline, place the compa-! ny on an earning basis of $40,000 month. Recently the company a 26: lease in the same county, of which 100 ucres has been syndicated for 00,000. and a well which is now} veing drilled. Two other avells on one of the productive leases have been started, and the company ir about to begin operations in Tillman) county, Oklahoma, opposite Burkbur- this eminently fair proposition has doubtless another season will nett, where it owns a 44-acre lease been active and forceful in the gov- more of these very useful and and which is regarded as an exten- ernment departments in particular expensive cloths manufact | sion of the Burkburnett field. In and in the house public lands com- Meantime, the mills, which ha jq|#!l the compuny ‘has a controlling. in- mittee in the past. To the persist- ahead on fine fabrics, have been carn- ter in 469 acres of proven land on: ent efforts of Mr. Mondell belongs: estly striving to cover their contract | Which 50 wells can be drilled. In credit for ing this reimbursement to the states for loss in taxable prop- erty, and for the first time a bill is ree ported to thg house favoring the just division of rents and royalties aris- ing from the leasing bill, by provid- ing for the immediate transfer to the state of 45 percent of the amount, The rights and equities of those who have located oil lands under the placer and who haye not be able to ure patents have been the object of Mr. Mondell’s constant care and attention during the long con- sideration of the leasing legislation covering the past eight years or more. ile entirely satisfied wifh the provisions of the bill in this requirements and have succeeded in} securing an initial allotment of 50 000 bales of Australian wools con tuining # fair proportion of fine wouls to'be sold here at auction on account of the British government. ccreereer-ete@earrerceceses Though Queen Mary. is known to} matters relating to her dress, never- theless her mujesty’s warbrobes ure of necessity well filled. The queen’s| gowns are kept in a large robe-room adjoining her majesty’s bedroom. | The walls of this apartment are lined with lurge mahogany wardrobes di- vided into two sections, one for the stute robes worn on ceremonious o regard, the measure now presented g¢asions and the other for the que¢ i n * sec, | Corporation. iy go mitich more satisfactory than at ordinary drevs tion 3 in Lance Creek ig repor I Ae. ing Ginie in te past Chal Chere is) ee ed here by thé Dutton-Staley com- be a test of the wary reason for congratulation. ecuting their cloiins to patent under! pany as having 2,000 feet of oil jn) which lies appr . es the very last. moment during that law, the paragraph of sec-|ihe hole. ‘This well is being drilled below the surfai tion 37 having at lust the consideration of the bill by the n restored have excessively simple tustes in all| pects to place the stock on a dividend | tbavis by Jan. 1 next. | Throckmorton county the company is! | drilling at 2,100 feet on'a lease that! "embraces 14,000 acres of which the! company county, Texas, | 000-acre lea: ja half interest. owns half and in Baylor it is operating an 8,- in which it also has} The company announces that it ex- Sa SECTION 8 WELL FULL OF OIL, BROKERS SAY. The Lusk Petroleum well on a ittec Mr. Mondell suc, t9,exactly the forni in which the Wyo-| Pctroléum company. We Nucci yi the defeat of an Mil member first offered it several! port nendaiont which would lave sub- ¥ ago. | received here by the Ohio company) t jected perimitices to competitive bid- Al} in all, while the Dill is mot per-| today. fect, it is, vastly more satisfactory than in ratoor «fixing of royalties wien i | ding in the fixing v form in which it has they. secured a lease. He ulso se- Hurry Ferree of the Ohio Oil com- SBOE CHENG » previously any has returned from the Big y i pW vision cleatly recog- Passed cither house preyiously, and | pany $ Si creed LPR ir in. it may be possible to. still further| Muddy field where he went in the aoe ee original locators, ‘The bill improve some gf its provisions’ in| interests of the company lust Mon- ip also the right to ©onference, , , z > -— e — the e of pros A Littie wantud will sell it TGRWELG: Aus i «bo : | port is unconfirmed; | company has aequdiréd.a large acre- | ONE OF THE SHOW PLACES AT RAWLINS—The 60-million-foot gasser of the Kasoming Oil company, Wyo- | ming operators of the Prairie Oil & Gas Co., on the Mahoney dome was ignited during @n electrical storm and yn | transformed into a giant torch which now liglits the surrounding country. ‘Dale people are the heaviest losers.| been unsuccessful thus far but boilers are being assembled for this purpose and the company expects to extin: | | guish it by the use of steam. The gasser came in with a f! MARKET GOSSIP AND FIELO NEWS Hutton Lake well ip the Rock Ruv- er field ‘is said tod have 80 feet of oil stahding in the clising. Buck Creek Test Wel! A_chief feature of operat cus in the Lance Créek field now centers in drilling progress at Buck Creel. well No. 30, on the southeast quarter of section 34-36-65. This well is Leing made a test of the deep or Cloverly sand, which geologists say will be found. productive of oi The Buck Creek company put thé well down to 3,500 feet to. the first sand. -Thea fining companies- joined. with Buck Creek to continue the hole down to the deep sand, jointly bearing the ex- pense of the operations in. order to make’ a‘thoro test of. the underlying yalues in the western part of the field. Yesterday, it-was ‘reported, that the cement for shutting off the first sand water las been successfilly put down and, that as soon ds the cement sets drilling would’ be prosecuted day and night. The assistant state Colorado will s Montrose, Colo., in will show the possibil! i nS an oil-produc is acting the solicitation of the Montrose Chamber of Commerce, and p is to determine whether the pros- cts of finding oil are sufficient to ju y the expense of drilling a test well. geologist of stigutions at w days which s of that ter- ng field. He Two New Refineries Projected Robert J. Vallier, president of the| General Refining company of Texas, is authority for the claim that the! directors of his company have voted) in favor of erecting two new refin- rries, one to be located in Denyer one at Rawlins, Wyo. The Den- an ver plant, he says, will have 3,000) bar: daily capatity and the one at! Rawlins 1,000 barrels. The com- pany’s engincers, the ssage adds, | soon will be on the ground to make final arrangements for the construc-, tion work. | The Burkburnett Oil and Drilling corporation, which is a subsidiary to the General Refining company, will carry on extensive drilling operations in the Wyoming oil fiélds which, it is) expected, will supply sufficient Wyo- ming crude to keep these plants run- ‘ning. | Western States in South | The Western States Oil and Land) ge on a structure ine Grand Soaety | Oklahoma, which will be drilled im- mediately. It is neur the town of Deer Creek ‘aud not far from Black- well, where there is a refinery be- longing to the Producers’ & Refiners’ One’ of the require-' -; ments of the lease is that there shall Bartlesville sand, | mately 4,000 feet There are’ three! by. the Ohio company for the Lusk or four shullower sands with a .pos- ‘The regular re-| sibility that the strata’ so productive | from Lance Creek has not been\in the Garber end Billings field which! | GEOLOGISTS OIL EXPERTS Dil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. 0. Box 325. Rm. 10, Lyric capacny, thwasting the efforts of drillers to sink the well deever where the oil sands are supposed to lie. The re- Average Production’ Per Well Be Increased to 215,000 Barrels a~Year. Can } ei | ‘The future of the Salt Creek fiely ‘as viewed by government officials, i; | shown in’ a report which states that | wells in that field producing from | the first Wall Creek sand only which | average 70,000 baryels per well dur. | ing the year have an éstimated avor. age future production per well of | 215,000 barrels. These figures wer compiled by the Rocky Mountain 4. vision of the internal revenue com. mission appointed by the treasury départment in Washington last fail |to work out depletion’ reeords for | the fields in this district. The figures now made public by the treasury department contain fur- ‘ther evidence that the Salt’ Creek field is one of the richest oil dis- tricts in the United States, if not | the world. The first well completed in Salt |w2..% proper, which" was drilled in lon’ O + 1908, on the northeast * < the revtbeast capetes of écthicm 33%) tepeai-s.. 0 north, range | 19 west, is preceetez arountl 100 ‘barrels a day after Having heen in | almost continuous op! fer more | than ten years, 4 | — —Photograph by Courtesy of the Rawlins Republican, jhas arranged for its workers’ enables the employe to buy his home’ by pay- ing 10 per cent of the total’ cost: of the house and completing’ payments at the rate of 1 per cent each month. The company purchases the house outright, thus taking over the entire j | obligation for its employe. The em- low of approximately’ five million feet but cradually blew itself to its present | Ploye then pays for the house at so {much per month. Efforts to smother the flames have = | fand consequently they are -buying} , the houses which ‘they have been renting They do not favor any par-! |ticular portion of the citw, the! Cor. Eighteenth and Curtis Sts. {houses which have been purchased] DENVER, COLO, | extending from the southeastern por-| LIQUOR AND, DRUG ADDICTIONS |tion of the city to immediately, ad-! cured by a scientific ¢ of, medi. MMOWEST MEN: . . . se | . ti | Applications Granted. at Rate of! wnich the Midwest Refining company 97° used. Two a Day under New Home | Association Loans grdnted with which to se- cure Houses at the rate of two daily ce October 9 is the record of the | Midwest Refining company in its | |plen to secure homes for its workers | here. Eighteen applications for loans with which to secure homes have been passed and granted by the | industrial welfare department, head- ed by Burke Sinclair since the plan | started, October 9, & The average price of these homes | which the workers are buying’ is) 2,500. In most instances the em- jploye is purchasing the house in| | which he is now living but which he | has been renting each nionth. The Midwest workers prefer to! jhuy houses which. are already built | jare not far distant may be encoun-} | tered before the deep sand is reached. | NUXATED IRON MASTER STRENGTH AND OD BUILDER TAYLOR & CLAY, Inc. STOCKS AND BONDS Daily telegraphic quotations from New York, Denver, ané 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 miu- ute quotations. 3 Information ~ and quotations furnished upoh request on Local Oils, New York Stocks, Liberty Bonds and other issues. Phone 203, Casper, Wyo. Ground Floor, Oil Excliange Bldg. . Reliance to Resume Work | Resumption of work on the Reli-| ance test well six miles west of Doug-| las is held up by a shortage of $3,000 lin the drilling fund of $25,000 raised !to sink the well 500 feet lower. When the deficiency is made up drilling will start again. Oil Men Meet in Chitago | The convention of the independent oil operators and state oil inspectors is being held in Chicago for three} | days beginning yesterday, and an ef- | fort will be made thru the efforts of | Representative L. E. Girard of Boul- der, Colo., to bring the convention to } Denver next year. | “ABSOLUTE PROTECTION” BELL-KEMP. CO. “The Insurance Men” 111 East Second “Watch the Elgin Movement” Phone 370 cman tia a tata | \ Lester Brokerage House x. Inc. N N Ms Our overcoats ure pumpkins” this’ season: “some Specializing tn NEW YORK OIL 156 N. Wokott Phone 1142 hidubabbhdhebdhihikdkided ie They simply can’t be beat for all round goodness' and value. : . Overcoats for-every- purpose, » .) from styligh dress coats to the long warm storm ulsteyrs. Various shades of brown, green and gray m novelty putterns, si double breasted with out beits. Pe. and and with- The whole overcoat family: is Du S here ut prices’ from *$25° to ff tton, ey’ - $100.00, ; “, r n . ry 7’ -“Casper’s Pioneer Brokers” Daily accurate quotations from New Y Jem | and Lusk over private telegraph wires, neh Peet All local oil stocks bought, sold’ and Instant service. List your stocks with get you the highest possiple price.’ Ask for our Market Letter 411 Oil Exchange Bidg. Reet Casper, ‘quoted: . us, we will Phone 1133