Casper Daily Tribune Newspaper, February 17, 1920, Page 4

PAGE FOUR Che Casper Daily Cribune DIL SITUATION MAY FORCE U6. TO BUY OUTSIDE America Has Only Four-Month Oil Supply, Mines Director Says, But Undeveloped Supply Will Last 20 Years Midwest Preferred — 1.62 |to a detailed estimate which will ap.|¢dse even now would permit. There Black Tail — Merritt — 19.00 /pear ‘in a ‘copyrighted article’ in the|#Pe recent improvements which have Consolidated Royalty - Glenrock Oil ~ 3.25 Jeurrent issue of Sinclair's Magazine, “In |not been adopted by more than a small (By Assogiated Press.) Columbine ~ Okmulgee P. & R_.. 1.00 'current: practice, this would call for u|Percentage of users and further improve- NEW YORK, Feb America, |Cow Gulch ~ 6] Cosden . 8.12 crude oil production of about 1,700,-/ ents appear imminent. dese improve- With only four months’ of oil] Elkhorn JEIk Basin - 8.62 000,000 barrels annually, or more than|™Ments when adopted wil! be highly ad- in stora faces the oil now hav- sourt tendency ct of ign a pr from for showing ing t which mni c | < i |tion, a barrel of fuel ofl will afford muct to exclude the United States from pur-]Kinne = : 5 nage (exclusive of sailing vessels) were | tion, a barrel of fuel oil will afford much 01 cmangs Stocks » gerviogd - : chasing from their fic ccording to| Lance nity New ¥ ex Stock Fxcnang: today burning instead of coal as|sTeater service than is possible with Van Hy Manning. United States diree-| Lusk R {Mexican Petroleum fuel, they would be consuming not less | he methods now prevailing, and this tor of mines, in a paper read here to-|] Texas Oil than 160,000,000 barrels of fuel ofl amn-| ill add proportionately to oil’s com- day before the 21st annual meeting of] yfountain & C Sinclair Oi nually!” About two and a half times|Petitive advantages. That these im the an Insitute of Mining and] Mosher Oil — [Us S. Steel. the present crude oil production from | Provements must be made eventually, is abataliuratceluerieiieees Wornaeat 4 |Call none México or more than 90 per cent. of| Obvious. ‘The sooner they are made, corge Otis Smith, director of the] Outwest —- “04 (05 |Silver .<. --135% | the quantity of fuel oil produced by| the more quickly will fucl off attain its United States geological survey | *rantz Corp. 3.25 3.54) Libetty Bonas American refincries in 1918! And this|™merited high position in rie economic same meeting, confirmed the st | pic 13 15% | 3%'s 6.60 |takes no account of the fucl oil re-| World. i of the director of mines, and 4 | aL ‘ti lst 4's 90.50 ments of navies. | Spr Seer | that the position of the United a6 93 |2nd 4's 89.90 convenient formula to remember AN Ss’ UNI p 36 0.88 |2nd4 i | INES HEALTH in regard to its oil supply at the “ 16 1eiist 44 91.40 1s that one million gross tons of ships SAL ent time is “precarious.” Mr. Smith | % goo eso jena 4% 90.50 would consume more than ten million) Mifflin M, Butler, who has spent some estimated the supply still undeveloped | 0" pon Ro, a3 ‘05 3rd 4% 93.10 s of fuel oil in a year. time in ¢ r with his mother, Mrs however, at enough for about 20 years. | (OT 195 4th 44s 90.98 “In 1909, American railways consumed) Elma Butler-Cromer, since completing iates — 5 y : i There are enormous quantities of oil in| G8 B LVictéiy Loan: almost 20,000,000 barrels ft studies at the Colorado School of the shale beds in Colorado, Wyoming | Wind River aie say |Last year the consumption, sone to Battle Creek Mich. and Utah, it was explained, but Direc: | WYOMING CRUD E OIL, MARKET mated by the U ‘ tment at the sanitarium tor Manning was doubtful whether eco! Rook River 35 administration, w: oximately for his health, as the outgrowth nomic production of this oil is at pres-/ gait Creek T2125 000,000 barr an increase of more|of trouble arising from being ed" ent possible. |Big Muddy | - 2.26 | Lusk --- 2.65|than 150 per cent. in years. in the fighting line. His stay there may Latin-America, Great Britain, France] pie Butte +385 (hander “If th ways of the United States! be quite extended. and the Netherlands, it id, con were today using fuel of! for a third| trol the main potential sourc nd all of their traffic, they would be con-! of these countries have adopted poli j suming fuel oil at the rate of at least |B GOULYlU Wud cies tending to shut out those of oth- | 170,000,000 barrels annually! We have os Wh, ; UU WY, nationalities. Director mith de: | in this country more than Cty e4 4 er fs % red that American concerns should | the world's railway milea not only with machinery and but also with money and fi 1 and op control. A open oil policy ull the world’ advocated by aning the 1 of by foreign fields rican methods who active projecti such a citizens and legislators. ‘$50,000 SALARY TUESDAY, FEB. 17, 1920 \; fodad ¢ Markets by Were . ,FUEL DIL NEEDS Furnished Daily by Taylor & Clay, Ground Floor, Oil ARE ENAAMOLS Exchange Building, Cesper, Wyoming Midwest Common 2.12 | available’ fuel oll marke Buck Cree 1.65 1.70 Great Weste Hutton Lake Jupiter —. three times the pauedion:!” “If a third of the world’s ocean ton- Salt Creek Prod. Assn. 52.00 Western States O. & L. | Prod. & Ref., Com_- worle’. p ent perhaps half of the world’s fic. From this rohgh Jeulation it would appear that absut 340,000,000 bar. rels of fuel oil wovid be required an nually to handle e third of the world’s BY DOHERY AT AND FIELD NEWS | The Car sand at Oit company struck a g 100 feet in its well in the niditions. of fuel ofl for use indust or Smith, in his address on “A+ (By Associated Press.) {sand Drawtfield, southeast of Riverton,| purposes hag gained greater | Oil Supply for the United! LOS ANGELES, Feb. 17.—Retiring | in which the Producers & Refiners has|than might be supposed. The States urged a nation-wide thrift, Seeretary of the Interior Lane will) fopened two big gassers. The Carter] States geological survey a few campaign in the conservation of fuel oil,| become an executive of the Pan= |company will continue to the lower |ago stated from reports gasoline and lubricating oil all along| erican Petroleum Transport c sand in the hope of uncorking an oil erations in 1917, fuel oll © the line of production and consump-| y and the Mexican Petroleum com- | iow. The well is located on land leased | thé United State tion by better methods in locating, drill ing. recovery, transportation, refini and use. He pointed out that the new | demand of the shipping program alone would call oil in quantities equival: | ent to nearly one-half the present do-| mestic output | Other papers presented at the ses- sions included discussions of oil pro | > Philippines and! in Ohio, Indiana, Pennsylvania and duction in F Argentin®, Kentucky New York. et SUNSET OL CO. HOLDS MEETING Officers Elected for New Year and Main Offices Are Moved to Manville snnual nfeeting of the At the Sun Oi com held in Douglas, Wyo. it was decided to move the headquar which ters of the company to Manville is near the scene of operations in the Lance Creek field. The following offi cers and directors were a for the new year: A. A. Spaugh, sident; Robert D. Hawley, vice pre: nt and ] counselor; A. A. Dieleman, scere: 1 A. Manorgan, treasurer, anid Spaugh, manager of geological 1 department ing to the annual report made to stockholders the company controls Teases on 3,160 of deeded tand, 1 080 a land and 2.120 aeres of government within the « ment of the acres of deee ve tions of state land just south of Lance field prope aeres of dk acres of state’ and mn land and 640 government dome. and 1,280 acres of railroad land in the Rock River field. A- brief re view of operations, which are being carried on by the Union Oil company of California on a 50-50 basis, follows Wilson well No. 1 on seetion 44 67. drilling at 10 feet, completion expected in 60 days. - Harrix-Baker well No. 1. seetion 22 Lance Creek nding at 4,140 fect after cementing off water. Re sume drilling March 1 Z Hawley well No. 1 on section 16-35-65. iv Creek, drilling at 1,800 feet after replacing rig destroyed by fire while drilling thru gas pocket n Blair well No. 1, section Creek xt Aner southwest « wutieline, drilling at Well 1, sectiol Lanes Creek, located halt mile west of of Ohio company on section just spudded in 3 ovk Oil company is ulso down with a Sunset well on see tion » Lance Creek according to the trea The hu 10 cash in the aehu some new n field) OF the 0.000 shares of $1 each f which th 2,000,000 in cormpany is ritalized. are the trea Deur Grace—l knew you did not have yd time at the dance lust evening. tu hint—Hollister’s Rocky Mountain is the best ever tor bad breath, | sullow color, no pep, pimply fac disposition. Joe. Smith-Turne LE Burnett Optical Co. Skilled Opticians Ground Floor Henning Hotel, Caguer, Wyo. in that year, includ: ing crude petroleum used as fuel, was labout 204,000,000 barrels. This did not inélude exports. In that year the rail- road consumption was almost 46,000,000 barrels, leaving for other purposes more than 178,000,000 barrels. © when he relinquishes his offi- position, it was announced to- day by E. L. Doheney, president of the two companies. Lane's salary, it reported, will be approximately $50,000 annually. His duties will be those of legal advisor and vice presi- {trom the Producers & Refiners. New Test in Lance Creek The Nebraska- Wyoming Oil company, financed by Chadron, Nebr., interests, | \Has ordered ‘equipment to be erected either on section 20 or 21- of the ~ allway traffic under present operat-| 860,000,000 “barrels of fuel oi! annual-}be explained in part by the Local Oil Stocks Williams, B. T. ----- 172 1.75| Improved Methods of Utilizatior | . Pe ae | eet nema zoo 230) Must Come to Assure Supply Amalgamated Royalty 50 $ .756|Wyo-Kans - - 3:00) | 3:19 . we” Atlas -. 06 .07| Wy-O-Tex - az 1b For the Future Atnéridhs ‘oz on | Keo-Hurst —._. -=-12.18 12.26] Bessemer 38 Al New York Curb Stocks | NEW YORK, Feb.’ 17.—"More thar. | Boston W3 1091.12 Open | Close Big Indian 43 .47/ Midwest Refining -—-.--$148.00 $150.00 |1y could be absorbed by the ‘potential! Burke Oil _ ‘36138 j : scording | are less a pro-| Yantageous, not only toe consumers, but 5 “Subsequent reports, showing the dent. western extension of the Lance Creek | movements of fuel oil from American Oo . . [fleta. refineries, indicate that domestic eon- { ee ee sumption of fuel oil is even greater! 1 today than at any time during 1917 J QE 1918) 8. adequate supplies des are available at competitive ; » is no! doupt that foreign trial consumption of fuel ofl erease with great rapidity. “It would: be difficult to find an oil man," the article continues, GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints * Explorations Reports indus: will in- TO BEGIN OPERATIONS | may | WITH GOOD PRODUCTION) tesa new alt Creek Ol com 's upon 380 acres inl reck field and interests in the} field: together in the prospective Assoc PITTSBURGH, Vifteen cents a barrel was added to the price vy Muskrat district of W ing, } of Pennsylvania crude oil w the W: oming Map & Blue Print Co. coming, has just] : Neen organized by Harry N. Isent | market opened today, bring the ||P. O..Box 325. Rm. 10 Lyric Denver bu man and his # price up to $5.65 a barrel. pois Seta nfame intntemerne sited 1g) yates, sever whom are imp cae I cigudbatin tne HOR ASREOITORET ORT Today's increase marks the second WHS Seep ange whelie AE east advance in the price of Pennsylvania crude since W vanced in price. ing crude was ad-” $880,000 is in th * two wells on it 00,000 of which y, already 1 s ‘age both of them cap ped pending the oll land leasing bill lécoming effective, and three wells} EASE THE PAINFUL drilling. Potential production of thet completed wells. is barrels daily estimat In one of th pd at 2.500 | the com RHEUMATICTWINGE pany has a 6 cent interest and ‘| RaeN 20 per { in the othe The! §loan’s Liniment will bring com- | compat has in the Salt Creek fietd| forting relief quickly [380 full net acres. | eaks faith, S! 's Lini- pany has r cent interest in without rubbing ‘and eases the eres of th neh with the Lane external pain and ache, rheumatic Creek Royalties company and a well twinges, lumbago, neuralgia, sciatica, Nearing completios feet. In lame, sore, strained muscles, bruise. field th y has a 60+ Gener- sprains, For 38 years it has fone ahead wi 101 um company and on the! ping new friends, holding old ones, Muskrat it owns 480 acres in| — strengthening its utation as the three t ding a drilling well.) World’s Liniment. Clean, effective in , M 8 of Chicago is 7 relieving the aches shdipdine of men of amount involved. and women, this old family Stancuy can be relied upon to do its wor! promptly and surely. Don't be without a bottle another day — keep it handy. All Druggists—35c., 70c., $1.40. — Sloan's vic * liam J. MeLaughlin of Riverton, V is secretary. These with B. McClellan of W H. LaChance of Chi Stoddard of Denve: voard of directors. Nish and Geor land Wyo. L. short time. __ FOR INVESTMENT: Pere Se or E ~ Williams and Consolidated Royalty. | whieh has been sold in the eastern Heep 11 haod WE WILL SELL SUBJECT: 2100 American at 2c | For Sale This Choice Nebraska Ranch Comprising 12,740 acres, 8,780 acres deeded and 3,960 acres leased; will take care of 1,000 head of cattle the year round; 18 miles from thriving town on the Chicago & North Western R. R. We can give you a complete prospectus with price, which is yours for the asking. We have 4a large list of Nebraska ranches, large and small. Send us your address and a copy will be mailed to you. 1000° Mike Henr 1000 Sunset at 1814 2000 Bess at 40c Carnes Brokerage Co. and Public Exchange WE BUY AND SELL WYOMING OIL STOCKS List your stocks with us, we can handle them on a re- markably low margia. Our commissions are but one percent FOR SPECULATION: We recommend the purchase ot Royalty & Producers, Casper Ranger, Domino, Outwest and Sunset. These stocks will make you some nice money in a We recommend the purchase of 1000 Columbine at 54c 1000 Domina at 18c 5000 Hutton at 21, 4 Lance Creek Units for 1000 Lusk Petroleum at 25c t Te 1000 Picardy at 1514c 1500 Royalty & Producers at 37c 1000 E. T. Williams at $1.72 1000 Tom Bell at 26c 1000 Wyo-Tex at 15¢ 1000 Wind River at 6c 500 Western Aeroplane at $10.00 WILL BUY, 5000 Outwest at 414c 2000 Glenhurst-at 5c 1000 Picardy at 14c 5000 Hutton at 1%¢ ‘ venture the prediction that the world’s| ‘The blue whales of the crude in oil prodiction could be ten years. jal trebled Yet the industrial and world needs the quantity Vicé siggested by the is is not merely a pros- pective it is urgently felt today, und fa ighted consumers, while shar. ing the confidertve of petroleum erperts that fuel gil production will increase, «re exercising the most careful business discrimination in ‘entering into long: term contracts in order that they may ha’ Positive assurance of obtaining regular and adequate deliveries of this highly prized liquid tuel. “The confidente of these buy prevailing methods of utilizing fuel oil efficient than scientific iknowl to the oil indust “With improved y also. methods of utiliza: | i: LY Y, we Casper BATTERY CO. Phone 907 mshaw, Prop. Yellowstone Avenue. Storage batter- ies charged, repair- ed and rented. Complete stock of Vesta Batteries for all cars. Call and give us a trial. We guar- antee satisfaction. Vree Testing and Distilled ocean amuse| themselves by traveling “schools” and simultaneously Antarctic “Is a Delicious Spread for Bread It is made from choice, cocoa- nut oil, peanut oil, pasteurized milk and finest dairy salt, under best sanitary conditions in our chain of fine, modern factories. Order a Carton Today SEE H. L. YOUN ¢ d FOR HAULING PROBLEMS LIBERTY GARAGE Telephon: e 983 Water OVER IRIS THEATER $23.00 each Branch Realty Co. | Iris Theatre Building Casper, Wyoming SLideigeigitk¢tLtiggk| BEST BOWL OF CHILI IN TOWN 20c at the CHILI KING LUNCH _ Grand Central Block. All kinds of Sandwiches at s 4 ¢ EVERYTHING IN BUILDING MATERIAL RIG TIMBERS A SPECIALTY FARM MACHINERY, COAL WAGONS, GAS ENGINES Phone 62. Office and Yard: First and Center TAYLOR & CLAY, Inc. STOCKS AND Full information regardin York Stocks, Liberty Bonds an upon request. Pla your bu with us. handle orders on up-to-the-min the only Brokerage Company York Stock Exchange Connecti Private Wires to Casper, Lusk, BONDS g Wyoming Oi New d other issues furnished ying and sel’ing orders Complete facilities of our office enables us to ute quotations. We are in Wyoming with New ons, Chian, Rawlins, Denver in NEW YORK OIL ' - 156 N. Wolcott Phone 1142 Henning Broker J. A. Howlett All Local Oil Stocks New York Curb Stocks Flat 6 Per Cent I Information on All -_ Office: Henning Hotel ; bby (Private Wire) age Company J. J. Giblin Bought and Sold Carried on Margin nterest Rate Stocks Cheerfully, Given out of the water at intervals of half a in] minute, so that their entire iength may jumping be seen above the sea. SGI MD MG As; Lester Brokerage House Specializing WITOLD IISIS OL.