Casper Daily Tribune Newspaper, December 23, 1919, Page 4

PAGE FOUR es WESTERN SOLD TO PRODUCERS Oil Fields Corporation Control Contained in Sale of Two Million Shares Control of the Western Oil Fields ecrporation, operating in the Homer ond Pine Island fields of Louisiana, 1 1 to the Producers and Refiners corporation Monday, when holders of roximately 2,000,000 shares of stock » former company signed the con- tract of s: which became effective at once, The property of the Western Oil Fields corporation will be in the pos- sion of the Producers and Refiners corporation within a few hours. The contract provides that the Pro- s & Refiners corporation will de- liver one share of its coming stock for ch six shares of Western Oil Fields stock providing the latter is deposited |1 with the Denver National bank on or before January 6 next. The contract provides that all stock- holders of the Western Oil Fields cor- poration will have the right to make the exchange of their shares for those of the Producers & Refiners corpora- tion. A copy of the contract may be s'gned at the Denver National bank, which is the transfer agent for the Western Oil Fields corporation, and Which will issue temporarily receipis ond later interim certificates, both of which will be negotiable. These inter- iu: certificates will be ready in a few days, The Producers & Refiners corporation agrees to to deliver to the Denver Na- tional bank sufficfent of its capital stock to absorb all the stock of the | Western Oil Fields corporation depos- ic for exchange, as soon as the stock- hciders of the former company author- ixe an increase in its capitalization, A meeting of the directors of the Pro- ducers & Refiners corporation has been called to adopt a resolution requesting | th stockholders to authorize this in- | in capitalization. the stock of the Producers & Refiners corporation fore March 6 next. The suit instituted against the of- ficers of the Rowe Oil corporation in the district court by J. L. Carper and Richard Crawford Campbell on Friday lust has no bearing whatever on the sale of the Western Oil Fields corpo- ration. It is merely an action which will, if successful, only add to the value of the properties now transferred t» the Producers & Refiners corpora- tien Four of the directors of the West- | ern Oil Fields corporation will resign ut once and their places will be filled by directors of the Producers & Refin- ere corporation. MARKET GOSSIP. a cent increase in the price of light crude ‘ oils was announced by the Ohio ard Fatiawt companies. At that time it was! the first raise in price of some grades Crude Advances in East and Mid- continent Leading Way for Increase Here “{ that Wyoming crude is y to see another advance in price sthened with the announce- 3 nday that all grade » crude had been advanced 25 cents barrel, nging Pennsylvania crude a barrel. Midcontinent e soured during the past week und the logical conclusion, according to suny local operators. that they will hud the way to an inerease here, Wind River Producing and Refining ympany Kholders will hold their « in Augusta, Maine, 4 next, ut nh time they up pr will be asked to vote on a proposition io increase the capitalization from 6,- 7,500,000 shares, dof dire olders, say of your bourd of dir ctors it come 1 ssury and advisuble to ex- tond our Operations to. proven fields and for this reason we earnestly ask your consent to the authorization of your board of directors to increase our‘ ital stock from 5,000,000 shares to 10,000 shares, We ask you to de termine this ‘matter at the annual meet- ing of stockholder “The board of dire Invested a larg are the holder of stock, may be- ors have person- “mount of mon of 4 consi nd whatever the to do will be done t of the company, of directors, stockholder: rtainly have the int holders in mind in w jertake, It is for th king to hav at the coming annual, meeting have first in mind the in- numerous stockholders.” No. 4 gasger at successfully hur- nt test shows thgt it coring 49,000,000 cubic The well was grilled and ran wild for gbout vo weeks before machinery coyld be foyind to harness it, The well was cenly 1,570 feet deep when the sand was struck, which insures that tepri- tory plenty of cheap fuel. Yn fact, there is already a nave on to pipe Amyrillo gus to cities in adjoining states. being umong the in the sts of the stock. atever they un- on that they a eleeted who will terests of the Masterson bee The big rillo has nessed gnd a is capable of The production territory of the Ryng- oll field of Texas was extended rters of 4 mile northwest Mon- when the States Oil corporation well | me in with an 800-burrel progycer. The drill had gone only aboyt one feat info the sand when operytions were held up for pipe line connections. The | well ig 3.419 feet debp and is locuted o. the W. L. Doot rm. i — ro CONTINUE INQUIRY. WASHINGTON De }.--The house ronunittee ont finmighuti ma will return to Bilis Island to résume its inqyiry | ito immigration gud deportgtion condi- cus. The committee will give. parti- «ular attention to the progress which ix now being made. in the deportation of undesirable aliens Who hiive: previously jeen ordered deported, but hive been yermitted to remuin in this country uider bail. Begd ‘the Teibage. Wapt: Ave Delivery of | must be made on or be- { j of Wyoming crudé oils within almost a month’s time was an- | Oi} company, the two big ‘purchasing companies of the state. | |ahd holding companies of the state. f east. |. on | vos) STANDARD JOINT COUNCIL company, | a bourd of directors | = Today’s- Markets by Wire : |] Faruished Daily ty Taylor & Clay, ¢ | Local Olt Slocks Amalgamated Royalty American Atlas . : i Bessemer _- New York Curb Stocks Big Indian sir ts Open Close Boston Wyoming Midwest Refining ----. ~$163.00 $166.00 Burke Oli Midwest ON wenveve 1.50 2.00 Buck Creek - Midwest Preferred -..-. 1.50 Black Tail - 19.00 Columbine _ 3.25 Consolidated Royalty 8.87 Cow Gulch ~ Okmulgee P. & R..-.--- 16 Bikhorn -__ -- Salt Creek Prod. Aspn-.- 41.60 Great Western Petroleum — Western States O. & Lii_ . 1.00 Jupiter - j----= 10.00 Kinney Hutton Lake Lance Creek Royalty Lusk Petroleum - New York Stock Exchange Stocks |Mexican Petroleum ~...$216.25 $216.00 - Texas Oil _. = 225.00 50 Lusk Petroleum — 8! Sinclair Ol - AL12 42.87 Mosher Ol ~ U: 8S. Steel. = 104.50--104.26 Mountain & ¢ : Northwest Liberty Bonds 1344's jist 4's 2nd 4's Ist 44's j2nd 44s _ ard 4% Outwest -Ploardy — 93.24 91.28 93.44 Tom Bell Royalty 3 Gates 1.75 |4th 44" —_.. 91.32 Wind River Refining 24] Victory Loan - 98.84 | WYOMING CRUDE OIL MARRET Rock River Salt Creek -. Big Muddy Pilot Butte wenn nnn == -- $1.75, ene 17 1.75 - 1.75 WYOMING CRUDE UP 25 GENTS ON SECOND ADVANGE IN FEW WEEKS All Light Grades Follow Lead of Eastern Oils in Climb with None Now Quoted Belew $2 Mark; Ohio, ‘and Midwest Boost Prices 4 The second 25-cent increase in the price of all light grades| nouncéd today by the Midwest Refining company and the Ohi Included in the increase are the Salt Creek, Big Muddy, Elk Basin, Lance Creek, Grass Creek, Rock Creek, Pilot Butte, | |Torchlight and Greybull crude. The | jnew prices became effective thts morn-} ing and will mean thousands of dollars in additional revenues for operating | March, 1918. The raise in Tock | pek and Lance Creek was at that! time the first since March of this year. ‘Miller and Midwest Halt Tempor- The increase today represents a, gain | arily, Others Continue | It Was only November 21 that ince of 50 cents in Wyoming during the | - y winter season; While Wyoming | Operations have gone up 50 cents, Midcon | i Drilling has been .stopped temporarily rylvania crude the same amount. jon two wells of the Ferris dome, Car- The new prices make Rock River, [bon county, Wyo. ‘The Miller Ol gyn- Lig Muddy, Salt Creek and Pilot Butte | dicate has suspended operations for the <2 instead of 31.7 ss Creek ang! Holidays on section 9-25-86 at 1000. feet has gone up 75 cents and Penn- | fai Basin: « liste t $2.35 instead and the Midwest has shut down on the HS ral Sk 0 insteua'| Joining location, section 8, where a a # ec “2° depth of 1400 fect has been reached. {Both will resume operations soon. pas nee ce The New York-Domiino well on sec- at oy after delay caused by sec-! “/ vere weather, The Texas company is down approxi-| mately 1900 fect on section 2-26-87 and] no. suspension is likely. The General Pétroleum plans to start three new tests after the first of the| year, and is making good progress with two wells at the Ree: time. WRECKED BOAT REACHES PORT | 400d oil and gas showings encountered | (By Associated Press,) | in a 22-foot sandstone at 1567 feet. Tho| NEWCASTLE-ON-TYNE, Eng. (1 test is being closely watched by of! in-|Mail).—The steamer. Ulidia, of 6,000 terests and if the Wall Greek formations |tons, hus been salvaged and brot inte! kre found to be oil bearing, as expected, | this port after being a wreck at Sorok | lurge development work will be started./in the White Sea since 1917. A tem The annual meeting of the company, | Porary patch was put on which enabled will be held on January 12 jher to be towed to Archangel and from = |there she was towed 0 miles to| HOLE TEST, 1618 FEET’ The test well of the Continental com- any in the Goshen Hole region ne Torrington is standing at 1618 feet while cement sets for the 12%-inch casing. The biack shale has been reached after Newcastii The second annual election day to nime nomin ‘or election to the jcint courteil at the Standard Refinery re sulted in the naming of 12 men at the! tion héld yesterday. Four divisions uatned men but each will ehoose one | man, with the exception of division No. 2 at the election Friday. Division No. Z vélects two men. ad apie | |. The election yesterday resylted in ‘the inaning of FR. UW, White, Peter Onnally, yng BUN Smith in @ivision Not J.. On- ally was disqualified later wien it was found thet -he had jut peer withyth company one year. In division No. Art Suppson, ,Wilium . mune, . Bob Burrell ond ¥. &. Price were named. Arthyr Pea! M. Seaton gud Clint Walker wake React Te Log! in division No, 3. For division No. 4, R. 1. Zipp, B. J | Kemp and Pete very Were chosen. | ‘UILOWNG AESDOUTION. '* PROPOSED AT STANOMRD ployes of the Standard Refiner} yre deciding this week whether | y want 4 Building Associgtion where- by they will be uple to sec 4, home of thelr opwyp by perfowing money thry the canpyoy. Questionnaires hyve been | Hont out to every. one of the 637. work- | Jers yt the refineries gsking them it | they desired to owif a home of their own. The tidustrial relations Gepartment wit consider no reply ‘to thege ques- tions pent out as 4 negative vote on the proposition. There is no lvote on ihe question, the company simply de- virhitg to fifi Oat tiie ‘pontine dt’ or ite 121. West First eee dete de hese de. : tau | tie local*market, | No. Sebeeeecretestecdrdpepeeepcrepepepetea | RETURNS FROM GRAVE AT SEA—Fo: | ly arrived in Brooklyn with a $1,500,000 lying for twenty years a reef in irydock shows here to be practical he GRAVITY LINE. 10 HAMILTON FELD Purchase of Oil by Midwest Means | Early Construction of Pipe- line, Claim Construction of a pipeline 22 miles long from tl Hamilton dome, north- “est of Thermopolis, to a point on the | Curlington railroad near Coal Gulch is | proposed following the announeement toat the operating an di ing compa- | nies have negotiated a contract for the sale of the entire production of the field to the Midwest Refining company, Easy | rades will permit the laying of a grav- ity linc, thus minimizing the cost'of op- | eration. As the result of these develop- | rents great ‘hopes for the future of the ligld are entertained in the Thermop- | clis region and the oil is said to be a / light grade; ‘high in gasoline content. | The: Midwest will at once begin the | | tion of “‘tankage of 55,000 barrels pacity in the field for storage pur- poses, The pipe line will be started as sc.on as weather conditions will permit und completéd as soon as possible, as even ‘the large tankage that has been~} provided will be production for any ¢ when once the wells begin. to operate The company is just completing a ati in the field which will turn out fmty barrels of gusoline per day and which will be ready to start next Tues- jay. ‘The gasoline will not be put on howe is the tract with the Midwest calls for the de- { | livery of all production except such as is needed for use in the field Well No. 1 of the Producers com » to fold the |. cou- (SENTENCED FOR LIFE IS FRE! | penitenti ry for m master Alexandrina which recent- cargo of wool from Patagonia after Straits of Magellan. © Inspection in undamaged. “BLOOD AND OIL’ OICTUM ‘MAY SUPPLANT BISMARGH'S!: SAYING, ADMIRAL CLAIMS: LONDON.—{By’ mail.}—Rear Admiral Philip Dumas expresses the belief that the world ig not thru with war, “Save the oil, take care of it and pre | serve it,” he advised the Institution of OF CRIME BY R¥AL MURDERER'S | CONFI DN—Charles Hollins, jing a life sentence iti Massachusetts rder has been freed pany, which gives promise of being the | of the crime by the written confession best producer yet struck in Hot Springs county, is now flowing at the rate of | 200 burrels per day. One hundred and | twenty barrels of this is used by the | Producers and Occidental, which is op- wating a little to the northeast on the same dome and seems certain to bring in_big production, Well No. 4 is now, down 600 feet. No. 5 will spud in Sunday or .Monday and the derrick is being erected where 6 will be drilled. { } ' i { \ pets A Tribune Wantad will sell it. so egoegs bee ONE CAR LOAD OF -ONE CAR LOAD. OF ne and Cook Stoves | All in first-class condition and at reasonable prices. Harned & Son bred of Jessie Murphy, Boston gangster and | gunman. motive in admitting the crime was to/|$ Murphy stated that his only free Rollins. GEOLOGISTS OIL EXPERTS) Oil Field Maps Blue Prints aang! Set Reports Wyoming Map & Blue Print Co. P. 0. Box 325. Rm. 10, Lyxic Be aSe-afe oho shes dhe aie oho oho she ah 4 oad oe f > JUST ARRIVED Soateat enera Phone 247 “HOME INDUSTRY EDEC. 23,1919 BERMAN STREETS FLOODED WITH FAKE SOLDERS GET AGH BEIMS. Wolngey EBBRLIN. einai Mail.j—A}) the Paton Tor AMVIatiNE tho yo CRN war wounded have joined with {haan bs istry of labor to'put an nd finally the: beesing by the pretended wo... C soldiers - who. clutier rine streets of Berlin, Drinetpal One seeg BILL TO GUARD ENGLAND'S PLAN . | Exglane May Prohibit importation | of Goods at Prices Below Prices of Country of the On all sides men Whose arms have Manufacture |(by strapping *them to their boginy | ‘3 |who feign to be suffering from thet been + } (Hy Ausoctated Preus.) Shock ahd shake’ pitifuny LONDON (By Mail)—The govern-| Ing in a Beflin school the ment's anti-dumping bill, now pending'| methods of shaking. Investig in the house of commons, authorizes | Shown ‘that these people coll. appothtment of a trade regulation com- | 800 marks daily from their faking mittee which would have power-to pro-| The government has heen carrying hibit the importation of goods at prizes | on investigations for weeks jn, Berlin, below the selling prices in the ¢ountry | Essen, Hamburg ahd’ other large cities, of ‘Manufacture. jand has established the fact that han, This committee also would be author-|!y five percent of the “wounded” sa. jized to regulate temporarily the expor- diers who are Begging are genuine, Ong {tation of certain goods and the grant-, “shaker” was trailed to a saloon wher | ing .of credit for the purpose of re-es-| he ceased shaking and drank cognac | atte learn, proved ‘ation hag lect up to iattiohifia \Ggetbens. trans. liberally while he counted up over Im The committee would be composed of| Marks, his day's receipts. Another “one. the president of tite Hoard. of. trade,t@fmed” man collected 80 marks in try | three -cabinet ministers, three govern-| hours, In Tauentzien street and then | ment officials and some members of the , W@8 Seen to slip around a corner and | house of commons. | unbind his missing arm which was het | The bil!-would confer power upon the| ed to his body. In Hamburg, of 15 board of trade to temporarily prohibit | Men arrested ofly one proved to have the importation of certain. #pecified | been wounded in the classes Of goods which would compete | unfairly With home industries: but the | gas ‘hoard of trade's embargo would last for | "YS ’ only 21 days and at the expiration of! ,T Promote ach t |that time would be subject to the ap- acres Swexeieaine © jProval of the trade regulation commit: |¢t One time, It w The board of trage under the pyt|!t to Insure goods would have power to investigate the | Ordinary risks. |books of manufacturers» and — sellers und Would be authorized, subject to the} approval of the commitice, to prohibit | exportation until three years after the | war of 11 specified articles, including | SU ann it for the wars of the future, which, Petroleum Technologists the other day. “If for nothing else we shall require} believe me, will come despite the ef- forts of the late army of geniuses in uris to make future wars impossible. | This has been a war waged largel; The next one will be nearly so and Bismare dictum of lood and iron” brot up to date will! jtead ‘blood and oil.’ * i fue opium and cocaine gold anda silver coi meat, wheat, ade the board ized to grant 5,000,000 pounds id also enable subject to extra LIST YOUR OIL LAND LEASES and ROYALTIES with us for quick sale. BRUNSVOLD & FUN}.!CUSER Office: Taylor £: (lay Oil Exchange Bids. Phone 203-204 eco: cee | | | ] | | | THENAMEOF . i 164 SOUTH CENTER The Home of Society Brand Clothes ON A GIFT BOX IS AN.ASSURANCE OF Qi/4/TY We are so weil and favorably known to 50 inau. of Casper our name on the outside of a box or package con taining a Christmas gift is very apt to add something to the pleasure and satisfaction with which it is received. Society Brand Suits and O'coats ¢ e As Gifts we suggest MUFFLERS SILK HOSIERY WOOL SOX HANDSOME NECKWEAR GLOVES HANDKERCHIEFS SILK SHIRTS COMFY SLIPPERS UNDERWEAR ©arnac! ee Surirty Brand Clothes Our stocks are large now but when some articles are sold we will be unable to replace them. STYLP, HEADQUARTERS | Where Soctety Brat Clothes ov i eevseceoes SOOTOIITSTSI LITT OLIIN Lester Brokerage House “Inc. | - . Specializing.in . EW YORK OIL 156 N, Wolcott | : | Phone 1142 "WIIG MMMOOIIO Te IMM SI: TAYLOR & CLAY, Inc. STOCKS AND BONDS’ = ' : Daily telegraphic quotations from New, York, pelk ver and other markets over eur private: wires.’ Place the convenient facilities of our offige al your disposal to buy, sell or obtain the best markets and up- to-the-minute quotations. cat. t Information and quotatiotis furnished upon EU at on Local Oils, New York Stocks, Liberty” Bonds -an' other issues. « , Phone #03. ‘Casp r, Wyo, |Ground Floor. 0 iEx, BI 8: