Casper Daily Tribune Newspaper, February 6, 1920, Page 4

-ARPLINE STORK GOES ON MART Initial Issue Paving Way for Big Operating Program Is Sell- ing Good, Report Steck of the Western Airplane & Motor company. is. the latest offering to be made in Casper and is meeting with ready sale, according to the fis- cal agents for the company. The con- cern is the first of its kind to be form- ed in Wyoming and has projected the biggest program of any similar cor:- cern in the Rocky mountain regten, being hte pioneer in mapping out aerial lanes which will see a grei in- crease in volume of traffic in coming: years. Local Oil Stocks Bid Ask Amalgamated Royalty $ 50 $§ Atlas ..... 06 American --. 02 Bessemer - BT Boston Wyoming 114 Big Indian -_ 43 Burke Oi 40 Buck Creel 1.75 Black Tail 26 Columbine 50 Consolidated Royalty - 1.43 Cow Gulch ~ 33 Elkhorn —_. 29 Elk Basin ---.... —- 8.62 Great Western Petroleum -.. .16 Seven thousand shares of the par value of $10 a share represents the ini- tial offering of the company which is headed by Major Ormsby, prominent stockman, as president; J. Y. Stock and Roy Sample, vice presidents; Roy C. Wyland, treasurer; and Bert L. Ccle, former flier and instructor in the army aviation service, as-secretary and gen- eral manager, Altho the first «tock was offered only five days ago a cou- siderable block has been subscri'ved and indications are that the company wil! be able to close its books on this {asue ‘within a short time. Orders have been* placed witn the Curtis company for two eight passen- ger “Egéles," one of which wi!l he cp- erated / betwed Casper and the oil ficlds/and the other for use between Caspér and Denver. On short trip’ u machines will be ‘capable of car- fying as high as 12 passengers, du: to the elimination of weight in gaso- line not needed for the shorter flights. Parties visiting the Yellowstone Nation al park will be able to make the journey from Casper to the great playgrount fn a single jump. Pilot Bert Cole will leave as soon as preather conditions will permit for Rochester, N. Y¥., and Long Island, to get the first Eagle. He expects to make the trip to New York in his Cur. tis Ofiole in two days. The Eagle will beydriven back to Casper under its own power and regular service will be inaugurated with its arrival. Casper will receive advertising worth thousands of dollars on the trip thu the use of banners which the plancs will carry, calling attention to the me- tropolis of Central Wyoming. This will be increased by publicity received thru between Casper and Long Island, par- Nicularly in the west. BANNER YEAR IN OIL OPERATIONS So Says S. Clark Reed of Oil Wel Well Supply Company on Visit to Casper business in Wyoming, according to the Wyo., and in Montana. son of oi} development with the com- ing of spring. Mr. Reed likes Casper; its fine spirit of business; and its cli- mate. J. 8. the Ol! Well Supply company in Wyom- ing and Montana, went with Mr. Reed to Denver last night where they will spend a& few days in conference. H. C. Bretschneider, president of the ‘Western States Oil & Land company, ‘will go to Lusk, Wyo., this afternoon and will visit with the Lance Creok[ field where the Midwest Refining com pany holdings have been taken over by the Western States, éompany. KANSAS OPERATIONS ON BOOM, BiG WELLS COME IN, WILDCATS DBILLING , WICHITA, Kansas, Feb. 6.—While scores of oil companies are carry the most uggressive “wild catting paign in the history of Kansas, owners of ucreage in the proved fields of the state are completing an unusually large number of wells, considering the time of the year. Always before, operations have been greatly retarded by cold weather, but this winter the operators huve ignored zero temperatures and ex: orbitant prices of oil well supplies. Oil at $3 4 barrel has stimulated develop- ment in both deep and ‘shillow field of the state: The only thing that stands in the way of further increases in’ drill- ing is the scarcity @f casing. Oil well supply brokers are now receiving enor- mous premiums for casing. Prices of 40 to. 60 per cent over the list prices are not uncommon. The oututunding developments of the week in Kansas include the Sinclair company’s 300-burrel well extending the Mull tie of western: Greenwood county thwee-qugrters of a mile north, the Ohio Gitles Gas company's 1,400-barrel well in the. Bibing tield aud the Magna Oil company’s 400-burrel well in the Fox Bust field of southern Butler counts ‘The Box Offeet Gevelopment company No, 9 hv the Fox-Bush tield blew the pe Fon of the hole and iy making flowy make io salt water at all, It will be a banner year in the oll] small percentage of salt wat Mechling; district. manager of fy i Neld, Hutton Lake 01% Kinney 49 Jupiter > 04 Lance Creek Royalt; 33 Lusk Royalty - +30 Lusk Petroleum - 27 Mountain & Gulf. 1.04 Mosher Oil - -30 Northwest .--. 35 Outwest _-.. 04 Frantz Corp. .. enwennn= 3.25 Picardy ~~~... ane 12 Riverton Refining - 10 Royalty & Prod. Corp. 87 Sunset --- 17 Sand Hills Rock River Salt Creek Big Muddy .. Pilot Butte SALT WATER IN HOMER FIELD Oil Trade Journal Discusses Devel-| opments in Gusher Region of Louisiana There is a great variation of opinion as to the extent to which salt water has appeared in he Homer field, says newspapers and otherwise at all stops|,the-Oil Trade Journal. for February. The fact is that it is impossible to state necurately the percentage of salt water lease or a given well would make, becduse a well will make a different percentage of salt water ac- that a given cording to the way in which it operated, For illustration, if one of the very large wells in the Homer field, | making anywhere from 25,000 to 35,000 barrel¢ a day, should be opened wide, with no ;back pressure, it might make a very large percentage of salt water. On the other hand, it might be quite possible to cramp this well back to say 1,000 }Wurrels a day, or even 5,000 barrels a! day, maintaining a substantigl . back it might | or a very which might be capable of pressure on the well; and er. The length of time that a well.might prediction made by S. Clark ‘Reed, as-| produce oil in paying quantities after sistant general manager of the Oil Well} commencing to make salt wate Supply company witn headquarters inj in entirely unknown quantity, For {l-| Pittsburgh, Pa., who has been visiting] lustration, in the old Caddo field there In Casper during the past few deys.| have been wells that have made as Mr. Reed visited the offices and storej much as 70 or 80 per cent of salt water houses of the company here, in Basin,| for many years and that are still mak- ing oil in paying quantities, Instance, this has be ‘Tepetate district in Mexico, operated for many years at a profit. which they show, etc., diffeult, because necessary to know the Which the well was producing, volume which it» could produce opened, the température tions GGw point to substantial sions both north and south of the F Lush field. arre! well this week. : Toduy s Markets by Wire : Furnished Daily by Taylor & Clay, Ground Floor, Oil Exchange Building, Casper, Wyoming 00 2.50 3rd 4\'s WYOMING CRUDE OIL MARKET + 2. 22 ae r is also | In the| He was impressed with the activity | Jennings. field wells have been operated ! of the oll companies aud the largo} thut have made as much us 90 per cent, number of orders being filled by com-|f water, und in Kansas, wells that! panies expecially around the Montana have made salt water for a long time line which clearly indicates ‘a big sea-] Ure still being operated at a large profit There are conditions under which salt water may break into a field and flood the field out in a very short time; for n the case in the There gro Nother conditions in which salt water may appear in/a field and yet under Proper management, the welis may be Any attempt, therefore, to specifiy the extent to which wells have been affected by salt water in the Homer the percentage of salt water fee would be very in orde ood ifyi any degree of accuracy, it growia‘ho| Seti the blood and gently part pressure against the of the salt Water, the temperature of the oil and many other factors which enger into + ping, painor any disa, ble effects. Ee Faces er AH a en M. Edwards diacovered the i aa IS Oxghirty 4finutes, foe | exten. Wind River Refining 06 ‘Williams, E. T._- 1.73 ‘Western Exploration 3.80 Wyo-Kans - 1.30 Wy-0-Tex .. 14 Keo-Hurst 18 New York Curb Stocks ‘open Close 43 !Midwest Refining ~ -$150.00 $153.00 .86 | Midwest Common -. - 1.75 2.00 Midwest Preferred - 1.50 2.50 Glenrock Oil - 3.12 3.50 Merritt - 18.75 19.25 Cosden -. 7.76 8.00 Okmulgee P. & R.. 5 1.00 Elk Basin ---—~. |Salt Creek Prod. Assn. Western States O. & L_ 87 Prod. & Ref., Com.. 8.12 New York Stock Excnangs Stocks Mexican Petroleum — im 8.87 - 48.00 U. 8. Steel Call money. BI Ist 4%'s _ 2} 2nd 4%4's — 39 4th 44's — Victory Loan Grass Creek 25 Elk Basin - 25 | Lusk --. Lander EXCHANGE RATE Pound Sterling Moves up to $3.40; | Stock Mart Conditions Less I Erratic jfinancial aid from leading New York bankers eased up the money situation |sues lost gains marked up at the open: ing. On account of severe weather con- ditions the New York exchange did not open until 10:30 this morning. Exchange rates’on the pound sterling moved up to.$3.40. this morning. Wash- is that the significance of the recent slump | With respect’ to probable effect on ‘American finahées was cxagerated, it 01 being: «. pfoblém far Burope to rather than this country, Oils were generally unchanged today | with the exception of a few local issues th gained’ a few points in conse- a heavy demand expected with the passage of the leasing bill. Midwest ¥ ning, which opened at $153 in New York, advanced $1 in the bid price by noon and Salt Creek Producers moved up to $49.50. Major oils on the, , New York exchange all suficred styere slumps during the past three days and }as yet have shown little tendency to re- | cover. Dr. Edwards’ Olive Tablets Get at the Cause and Remove It Dr. Edwards’ Olive Tablets, the sub- pptuis fen ake Se ently onl the ywels ant ively work, People ‘afilicted with bad breath find * quick relief through Dr. Edwards’ Olive ‘ablets: The pl t, coal reath by taken for bad all who know them. Dr. Edwards’ Olive Tablets act gen- | tly but firmly on the bowels and liyer, stimulating them ‘to natural action, the entire system. They do that whic! vt calomel docs without any Sangerous it | Of the bad after effects. ive lets without formula after seventeen years of prac- tice among patients afflicted with bowel and liver complaint, with the attendant bad breath. Olive Tablets are purely a ve; In the Peabody field, the Watet i 7 ‘5 0) re ! ‘pide IBMT arid mixed with olive oil; you ‘ ena 7, eupielee 4. 1,000-barrel_ well | will enow them by their olive célon 3 in a TOA en and Smith brought | Take one or two every night for a wee and 25c. |__anrl note the effect. J0c Richelieu Lima Beans, Now2'can.. No. 2 can... Richelieu French Style No. giean ee es PO A A th A A AN Bh Re FOR SATURDAY Richeljeu 8-X \Wax Beans, Casper: Storage Phone. 97; * IMPROVES TODAY Improvement in foreign exchange and jon the New York exchange this morn! ing but the sharp rally in stocks proved only temporary and the majority of is- ington officials were quoted to the effect ve BAD BREATH ing catharcy amygicived ro 9.12 49.00 1.00 8.37 $184.50 $178.50 - 177.25 176.00 36.50 100.87 100.25 10 per cent Psage, Weston county, Oo On Big Indian Oil & Gas Moving + Ma-| terial for Test Well’ West © of Douglas tatement Gant material te being be statement: mater: a to the holalage of tho Big ndis Gas company four miles west of there where a test w drilling consid: the location made on-the 1 spring. ilton: ranch, At the ‘salé Of leases on Indian lands in) the Osage nation Oklahoma, held at Pawhuska on Wednesday, Homer T. Lamb, president of the Red Bank Ol|n ate - company, was successful in obtaining |feport of the compeny, secretary, three tracts of 160 acres eath at prices; Durham fe in. part which He says Were satisfactory, One} ‘The time has when of these leases is south of the Red Bank) holders of this company company's lease and close to a/mine ths future 1,000-barrel producer which was ¢om-' pany. » while, pleted two weeks ago. Another is north-/paid over $100,000 east of the company's Tinker lease} per oént of its which is also producing and the third}for -ol! from its is located on section 25, which is re-|montns, the lack provert by devel- the company td borhood. linto the garded as practi opments in the ne te Mr. Lamb also obtained a lease on|layed the 240 acres on the Catfish structure in}prevented the company from Creck county, adjacent to other: land| ing. “Within ite ‘2 ible funds, bs held by the Red Bank company: which | company: Had 5 fed its leases fs producing from a well completed: a} Wyoming and such an. month ago. ; that oil men of. There have been several. big wells} tancy in’ p) brot in on the Osage lands in’ the "Jast} 060,000 on ‘the, few months, properties iis = Frost Gets. Homer, Gusher ; The Frost Ol) y, organized: by W. H. Rowe, ‘W. Malone and R.'H. Malone and others identified with the; Western. Oil Fields corporation, » on}: Wednesday ied a 20,000-barrel well on its Chatman lease on section 31 in the Homer fleid “of Louisiana. The company is capitalized at $600,000, ap- proximately half of which is held by | €4? stGcle #sop.g00;) capit ppsgein patel 7 OD hbetee a tee alréady had about of $10° each; oe end at’ Sivedton, GIVEN CHARTERS ce have no Value of over $3,- = (oH, L. Oliver, 12 D. . MonTéx; O0 company, capitals stock $750,000, capital stock divided into.75,- 000.shares of the par yatue of Sis eacty, héadgq tat Greybull); directors, Re Britt George Flint, Hurry Nation: J. F,, Jones and W./L. . Three Oil Concerns ne Late-In-| Sock idea" into 100 eslesod wot thé : ydlue of $100 elich, headquarter Comprationa aL ine-erate at Laramie, airectors-Elmer and Nettle Capital CHEYENNE, Wyo, )§.—Thir. teen hundred sixty ind dol- lars is the. combined ‘capital’ stock of four corporations whith: tiave been chartered by the state of Wyoming to engage in. oll tho) manyfacturing business, three being in the former and one in the latter. These compunites fol- McWhorter-Osage Refining. company capital stock $100,000 sharés= of th par value of $1 each, headquarters at Mil- Late 980 Clete B Mees per! \ Diego, r rn ld ‘wee a ton McWhorter, . Robert PHONE 1147 WE BUY AND SELL WYOMING OIL STOCKS List your stocks with us, we'can handle themron a re-. markably low margin. commissions are but one percent of amount involved. se FOR INVESTMENT:: We recommend the purchase, of E. TF. Williams and Consolidated: Royalty. salar ese a FOR SPECULATION: ~ We recomend the-purchase of Royaley & Producers, + Raiiger, Domino, Outwest and: . Sunset? These stocks will make you some nice money:in a © short time. us. % | WE WILL SELL SUBJECT: 2100 American at 2c... , $ . 1000 Columbine .at: 58¢ ~~ t. 1000 Domina at 1514¢.. ~ ‘ey 6000 Hutton at 3c ‘ “ae _ 4 Lancé Creek Units for $31.00 éach 1000 Lusk Petroleum at 82c: , 1000 Mike Henry at7e «| aaa 1000 Picardy. at 13%%4c ee 1500 Royalty & Produvergat-41c by 0 wwii 1914 3000: Big F ano0 ig Five a ae Permanent Satisfaction A suit always -maybe, you'll feel safistied with a new suit for a month. | psa bit Jonger., . 5 aoe You'll tind a tot of ‘clothes that Will satisty You that song. But’ that’s omy: temporary satisfaction. You’ doyit ‘want’. that Kind? : satiety, you Dane give you satisfaction for, many months, ¢ And long after the suit are all-wool, “expertly tailored, smartly styled, and priced | * TAYLO Full information regarding Wyoming Oils, York. Stocks, Liberty Bonds and other issues f, upon request. Place your * with ete , ornare be up-to-théminute’ quotations. the o} Brokerage Company in’ W » York Sock Exchange Connections. Private ‘Wires to Casper, Lusk, Chian, Rawlins, Denver - (SDP IILIDI“POMIOOII SS, S Lester “Application Insurance | ts during an epidemic of the {Plu oo. The Mutual Life Insurance Company, of Zs York’ make their Ingurance in: force from the date, of application, » es For Particulars Call, on NYE ; census ail|Is what count tisfies you while it ts "brand ‘new. And . ortety Brand Chater ly: By, that we. ‘mean they. hie has’ worn out you'll thiiik about got,, That's: because those ‘clothes 8 KS AND BONDS iabed; and set’ins Orde our. office enables us to We are yoming with New Brokerage House Spaciak in Phone 142 ET a y t PL waeaed ea 4 ites. “Os : soonest: