Casper Daily Tribune Newspaper, December 8, 1919, Page 4

OIL MART STILL UN OOM TODAY: Today’s Markets by Wire: Furnished Daily by Taylor & Clay, Ground Floor Oil Exchange Building, Casper, Wy - | Loeal Oil Stocks Willams, E.) T... = 137 1.40 Bid Ask | Western Exploration - 3.90 3.97 Amalgamated Royalty ----$1.00 $1.12 iS¥yeneens ae = 140 3.00 | y-O-Tex - aie A jAmerioan —-——-————--—--—-= 02.03 | eo Furet -11,25 11.60 Consolidated Royalty Opens at/atias ..... -... 02 04} a ae nee $1.50 Bid and Others in E evemer 0 32! Spies Mit gta a a H . 3oston Wy “ 00 eel ole Firm Demand at Gains |Big Indian AT Midwest Refining 3162.00 $164.00 | Recorded Saturday Burke Oil 35 Midwest Common ..---- 1.50 2.00/ Buck Creek .. Midwest Preferred --..... 2.00 3.00} The oil market, after several sensa- Black Tail Merritt ---..- - eo-= 20.25 21.00} tional gains during the past week, con- Columbine Gienrock Onl ~ 3.62 3.75 | tinued in 21 expectant \tate today Consolidated Josden 1... = 9.62 9.75 while investors and prospective buyers Cow Gulch Okmulgee P. & R. 126 1.50 awaited word of action on the oil land &ikhorn 20 Salt Creek Prod. Asan... 47.00 47.60 leasing measure from the senate and {Jupiter a Western States O. & Li 1.50 1.75 | house conference. A general belief was |Kinney ~ arou. & Ref., Com----- 11.62 11.75 expressed that an early report would | Great Weste: New York Stock Exchange Stocks be forthcoming but Washington ad-' Hutton Lake --.---- oh Sth vices lacked favorable news, the chief Lance Creek Royalty --.-. Mexican Petroleum -$202.00 $203.25 factor along this line being the report Lusk Royalty ~------ + (Texas on -- - 296.00 294.50 of Secretary Lane of the interior, who | /-usk Petroleum Sinclair Oil 46.87 47.25 takes it for granted that the necessary | Mosher Oil |U. 8. Steel -- = 104.75 104.75 legisiation will be enacted. ; Mountain & Consolidated Royalty, which led the | Northwest 4 advance last week, was the leader in |Outwest 70 | the market again today, opening at | Picardy .00 | srton F 12 ning: yalty & Prod. Corp. bid. Others held to their gain: st Week and the demand was good. SH 2nd 44's H. T. Williams, after receding from jSunset ---~ : 4 $1.45 during recent weeks, showed first |Tom Bell ard 4%'s signs of life today by moving up to | Gates 4th 4%'s .. $1.37 bid. Gates Oil, one of last week's | Wind Ri Victory Loan . star performers, continued firm around $1.85 today, Curb issues were station- WYOMING CRUDE OIL, MARKET ary. Rock River Grass Creek -..-------.-.----. Western Oil Fields corporation stock, |Salt Creek Which reached a new peak of $1.60 Sat-|Big Muddy jPilot Butte - OWL LAND LEASING BILL [3 URGED BY SECRETARY OF INTERIOR LANE Annual Report to Congress Endorses Legislation Af- fecting West, But Calls for Conservation of Oil Supply by Strict Regulations. urda) continued erratic largely be cau of many contlicting rumors re. garding a change of stock control. R. M. Malone, president of the company, said that an option which he had given on a control of the stock, which is held by himself and half a dozen associates, expired at and this option, be renewed. It is widely and 3 o'clock Friday he added, ternoon was not to reported that Producers’ } Refiners’ corporation has offered share for a control of the stock, but if any such deal is on it is only in its initial phases. Stock control would involve 1,800,000 shares Shreveport telegram — yesterday that the Homer field property | of Western Oil Fields was threatened with Higation growing out of the fail ure of the Simms Oi! company to close | its recent option on the Homer hold. stated ings. The option to purchase at a re y Annocinted Press.) puted price of $7,500,000 expired No: WASHINGTON, Dec. 8.—Fuller utilization of national resources} vember 16 and an extension was re- | i Gi es Podiserelita th bai ed by| fused by the Malone brothers and their |18 Coal, oil, water power, land, and in human beings, is urg v associates. It now is said that the hold: ers of the option may take the matter | into court. | z } PROSPECTIVE CIL LAND Secretary Franklin K. Lane, of the Interior Department in his annual report. From the observation post that his office affords over va-| ied governmental activities he draws the conclusion that “‘far be- yond all our possessions, is the American man,” in a strong appeal America tion and education jon) must be nationalized and extend- To him, to his spirit and ch ] * of the republic,” Mr to his skill and intelligence is d a ‘To the deserts of the west IN ALASKA \§ DRILLED the credit for the land in which we live. e have brought the creative touch of Dir. Lane said. “That resource we ar J rater, and we must find a way to g0 tive per cent of the But it is of equal jnoxlecting. Tw According to the U. Geological | 1,600,000 im ween 21 and 31 year } mportance that we should liberate ric Survey the petroleum > ction of |@ who wer t drafted into our reas now held tn bondage by the ‘Alaska is derived from a single, pat-/2"mY could neither read nor write ou.{ wamp, convert millions of acres of ented c i : Katalla oil field Jlunguage and tens of thousands coulé | dle-over lands to profitable use, and The old wells on this claim, and the | "8t Speak it or understan } -alse from the dead the once vigorous refinery, were operated as usual in| Turning to the mo facili-| agricultural life of our abandoned 1918. The new productive wells were} Ues_of the nation the report : _ | farms.” drilled in in this field last y “The measure. of a peopl ustrial]| This does not mean more federal ap- During this year there has been a] etpacities seems to be surely fixed by! propriations, the report explains, but xreat revival in the potential oil fields |its motive p er possibili vd the | assistance to local districts which will in anticipation of the yx of a law |eoal strike has brought concretely be-' provide funds by pledging the value permitting the leasing ‘Alaskan oi) ]fere us the disturbing fact that we live of. lands within them. lands. virtually by unanmious consent. Lei, ‘yg. Lane says that 150,000 demobi: No legal provision nas been made |less than one-half of one per cent of our lized soldiers have applied for public for the leasing of these lands, and it ix}Population quit their work of diggin} ianas, He reasserts his belief that the coal and we are threatened with the’ povernment is justified in doing for sol- 2 combined horrors of pestilence and f°) hors what. it would do for no other mine class, as he has proposed in pending believed that an abundance of oil lies in the Alaska peni » provision to measures. The Alas! Railroad, tary Lane has been well and solidly built, as little money us private parties could build it.’ Though total costs have been rising, due to general price situation, the report places expenditures ut $70,000 und $80,000 per main lit ISSUED BY THE STATE}. troleum deposits takes Mr. wider spaces of the west, He that 70 per cent of the available L. J. Funderburg, Cheyenne } of}power in the nation lies west of the) mile so far us compared to $151,000 per section 16-35-94 Mississippi, and places the total oil pro-) mile reached recently by some privat? G. J. G. Nicholson, Embar, all of see |duction in 1918 at 356,000,000 barrels.| roads in the United St tion 36-46-1060. | lussage of public and leasing legisla) 1) 4 summary of the department's Pathfinder Oil Cu., Douglas, all of S6-]tion will make available further rich} work the report shows that the Osage 34-76, supplies, he says, and eventually (he! tripe of Indians collected last year $17. Portland-Wyoming Oil ndivate. |deposits of oil shale “ean be made to} 999,900 in returns from oil and gas land Rawlins, southeast one-quarter north |yield vastly more oil than has been! jvases, Up to Alaska, the department east one-quurter; northeast on Arter | found in pools or sands." southeast on northesst quarter of PATENT SIGNED BY ABRAHAM quarter of 1 one-quarter 21.2 and | One | py “Yet with all the optimism that justified,” urge a poliey that should be r © long to enjoy the pe solu m we using fuel oil sh BUCKS for SALE Eleven head Black-faced ““'T Bucks; shear 16 1-2 pounds wool; weigh about 150 of we ald site Math nal combustion OLOrS LINCOLN FILED IN OREGON A A a es ae teen pounds; three years old; ex- MUL yi ShoNIULalkobalounhi anal alnia cellent condition; sell reason- ; Be 3M, Ore ae $ Mail) A patent ee aa ind rial means used to de able. See Danco ee eee se the ints | A new basis for the operation of the 0. G. JOHNSON States, was filed in the office of tho Reclamation Servier, which hus ebletty iL. G. MARKET GOSSIP: AND FIELD NEWS Midwest to Start, New: Wells at Lance Creek; Brief Notes of Thermop Region The Midwest is erecting a rig on section, 27-36-65 of the Lance Creek fleld, north of the big gas well and driiling will be started before the end of the month. The Lusk Royalty has an interest in this property. Another well also will be started soon on sec- tion 25, north of the company’s No. 1 well. New Test at Zimmerman Butte Thermopolis interests, headed by M. J. O'Mahoney, Clifford Wilson, C. E. Clendenny and Joseph Bjorn, have or- ganized the Middle States Oil and Gas, company for immediate drilling of a} lease on Zimmerman Butte dome, near Thermopolis. } Test Drilling at Red Springs ) South Dakota parties, drilling on the Irwin ranch on the Red Springs dome, 18 miles south of Thermopolis, Wyo., are down 275 feet with their first | well and are making good progress. | Indiana Well Is Shut Down } The Indiana Oil & Gas company,! drilling northwest of Bonneville, Wyo., was forced to close down a few days! ago for luck of coal but is taking ad- vantage of the delay to replace the light rig with a Standard drilling outfit. , The well is now standing at 1,010 fect. | Coal Shortage Stops Drilling The joint well of Telger & Lutz, L. G. Irwin and the Empire Oil & Gas company being drilled south of Ther-, mopolis, was shut down at 928 Yeet for lack of fuel. The suspension of work} will be temporary. McGrath Visits Thermopolis Martin McGrath, oil operator with in- terests in the E. T. Williams and other, companies, spent the weekend at | Thermopolis and has _ returned tory | Denver. Producers to Pay Dividend At a meeting of the board of direc- tors of Producers’ and Refiners’. cor- | poration, held at the principal offices | of the company in Denver, a regular dividend of 50 cents a share was de- | clared upon the common stock of the company, payable in quarterly install: | ments of 12% cents a share, the first such distributions to be made on ebruary 1 to stock of record Dec. 31. | This action was taken by the board om account of the increased earnings | of the company, which are now averag- ing above $200,000 a month, and it w: the opinion of the directors that the | company woul the in a position to de- | clare and pay @xtra dividends during. the coming year While the n earnings of the com-} pany are now ffielent to pay larger dividends, it w4 /decided to continue the- well-established conservative polic. y | of the company to continue the use of! the earnings in excess of dividend re- quirements in the program of the man- agement for expansion and, heunea ment. | Arrangements were made for chal conversion of jreferred into common ! mined 55,300 tons of coal. In Wash: | ington, the patent office issued 37.259! grants to inventors, while the pension| office paid out $222269,292 to veterans | of the Civil and Spanish wars. | At the national parks 755,527 visitors | were recorded during the year, and questions as diverse as the feeding of ming and the contro? of vi- triolic gases around Hawaiian volcanoes | came up for settlement. On irrigated lands last ye: 000 in agricultural products we $66,000,- grown, and Mr. Lane remarks that a federal | expenditure of $100,000,000 has added close to $600,000,000 to the tax valua- tion of western states. Salt river project ot Arizona, where crop values totalled $18,188,000, was the banner producer of the Reclamation & ©. dn Whiting, ‘jes visited complained of a shortage \foreign element has to be depended |talk to any of the employes man to |Joining Mr. Reed in his trip to the At- jlantic coast. ! preferred siock certificates to the head | wells, The Greater Need. with the answer once “The great question now before us,”| Washington Star. began the pohderous: constituent. “We've got more questions on hand just now than we really need,” inter: } rupted Senator Sorghum. “Come around in awhile.” OIL REFINERIES SHORT OF HELP IN EAST, REPORT, L. A. Reed Says Labor: Conditions| Are Serious with Foreign - V4 Element: Mainstay’ of Ordinary Labor — } Labor conditions in the east are seriously unsettled and refineries are all short of help, according to L, A. Reed, general superintendent of the Midwest Refinery, who returned Satur- day to Casper with Mrs. Reed after spending some time in the east, where he inspected and visited large refineries Ind., Cleveland, Ohio, Bayonne, N. J., and at other points. Mr. Reed says that all of the refiner- LIST YOUR _ OIL LAND LEASES and ROYALTIES with us for quick sale, en fe: & FUNKHOUSER ice: Taylor & Clay br emaere rad $4000—Bargain-$4000 Five rooms and bath, lighting features, built-in cabinets in kitchen, pantry, front and back porches; large basement with hot water tank and heater; house is in good condition and is a bargain; close in, on lot 60x140. Price $3,750, all cash; or $4,000 on terms of $1,500 down and balance monthly, easy terms. Builders’ Realty Co. 208 O. S. Bldg. Phone 1152 of the right kind of help. “So much upon,” Mr. Reed said, “that it requires |more ordinary labor than is necessary to operate the plants. In so many cases it is necessary to take an inter. preter around to explain orders, We are fortunate here in contrast to the east that we can go around the plant and man. 1 ~ Reet and his wife spent several days-in) New York, Pittsburgh and other large eastern cities. Mrs. Reed pent nearly a month Visiting with her mother in Ravenna, Ohio, before WHY SEND TO DENVER for TILE WORK When you can have it done by Casper people who know their business? Tiled Bathrooms, Fireplaces and Tile of Any Descri; " COMPLETE LINE OF SAMPLES J. B. PROVINSAL “Fire Place King” ——-.-—_—_ C. W. Sparr, who has been in Wash- | ington in the interests of the Consoli- dated Royalty and the Western Ex- ploration companies, returned to Cas- per yesterday. Mr. Sparr did not go east in the interests of the leasing bill but he reports indications that if Pres- ident Wilson vetoes the bill, the bill will be passed over his veto. This is the belief of Mr. ‘stock at any time upon presentation of | | office agents, in Denver, or to the transfer P. 0. Box (21 Phone 800 Consolidated Interests Growing i A noticeable increase in the stock of thc Consolidated Royalty company to-! day is caused only by developments! of the last two or three weeks, accord- ing to semi-official company informa- tion available here. The company re- ported today that the company has roy- |= alty interests in about 250 producing | white 100 are being drilled St present, Three wells on section 25 in the eat) Creek field supplies enough oil to pay much more than entire dividends ofr the company, officials say. Eastern in vestors and banks of the east are said; to be interested in the stock of the company. MIDWAY NLIFE Men and women at forty Pe. Suength musts hep | pe must ept up, the body well nourished. SCOTT'S EMULSION \ds the. tonic of wonderful helpful- | ness to those in middle life. | SCOTT’S nourishes and in- vigorates and helps the | keep up with the | dat tr and ‘Seatts The Casper National Bank | a ah ee es co AcTmNRmKA To Save Is to Have Suppose you save 25 cents a day. That does not mean much to the average man. You won't miss it. Yet that 25 cents a day in ten years grows to nearly a thousand dollars. And the interest, which we pay you for saving your money, beiugéathe total to well over eleven hundred dollars. Think of what you can do with this. Realize Your Dreams Just a few years of small but steady savings will bring you many of the things you are longing for. Perhaps you want a ear. Perhaps you want to buy the farm next to you. Perhaps you want to start a. son in business, or to go traveling, or to educate yourself or your children. Saving will do all these. And best of all, you will have formed the saving habit and will never be one of the nine men out of every ten Who pass their last years penniless—in the poorhouse or dependent on. others. AN LB Holmes to Homes Small Shipment Care Casper Storage Grocery Casper, Wyo. doin Western 000 weres mac utes with irrigauble, oceupi total of 1,60 is suggested. ‘The y has come when it (recluma county recorder here recenuy. strument a patent from. the States government certifying to tran fer of 160 aeres of land to Captain John | \| ted on of Nesmitio, Oregon, militia. | papers were crxceuted Junuary | They w filed here in con-| jon with the pr to the donation lune Bacon, UNITED KINGDOM SHOW BIG DECREASE IN BANKRUPTCY LONDON, (8: has considerably de Kkingdom since 1917 orders we editor The figures fi G.F.BELL . “THE INSURANCE MAN” GENERAL INSURANCE Fidelity, Surety and Contract Bond a Specialty ~The G. F. Bell Agency s of clearing title cluim of Captain 303 Oil Exchange Bldg. Telephone 363 Mail.)\—Bankruptey aged in the United when’ 1089 receiv sd showing a - = —_ - —_ pounds peiving creditors of, t were in the FOR, MOTORS OR of which the t OIL BURNERS Now In; More 147 East | 1 5° Holmes Heriware Co. | Sroth & Bowne, Blac wield, B J. 191d OOP LLE ED LODE Pe Lhd ede Lester Brokerage House Inc. TOIIALAI A ~ « Specializing in NEW YORK OIL 156 N. Wolcott Phone 1142 WOT IIIII as Oe eee ed ed ee dh on the Way 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 w'l get you the highest possible price. Ask for our Market Letter 411 Oil Exchange Bldg. Phone 1133 Casper, Wyoming Second TAYLOR & CLAY, Inc. STOCKS AND BONDS Daily telegraphic quotations from. New York, Den- Grand Central Block. All cotton trade with 108, 899 pounds ia-| MOTOR REPAIRS, snkrupts decreased from 261 for you day sud night, 24 in 1918 ‘ n\ hours u day, without stopping i i ‘ \ if need be. We have smull ag | 5 \ Well as lurge moto us you ~-- require. Also a full-line of wir- GEOLOGISTS OIL EXPERTS she, sockets, juinpy und al Oil Field Maps Blue Prints ign Eb Cu Cte Explorations Reports , American Electric Co. Wyoming Map & Blue Print Co. | ‘}) nay, PHONE, 1040 P. 0. Box 325. Rm. 10, Lyric ’ Deu yeusivssomdbd OG eT EMP I 4 sae on ow BEST BOWL OF CHILI IN TOWN 20c at the CHILE KING LUNCH Popular Prices. Quick Servite, Highest Quality LE SS hE heh hed bid hdd ft. ver and other markets over our private wires. Place the convenient facilities of our office at your disposal to buy, sell or obtain the best markets and up- to-the-minute quotations. 3 Information and quotations furnished upon request on Local Oils, New York Stocks, Liberty Bonds and other issues. Phone 203 Casper, Wyo. Ground Floor, Oil Ex. Bldg. ! ee nnn kinds of Sandwiches at