Casper Daily Tribune Newspaper, March 4, 1920, Page 4

: Today’s Markets by Wire: Furnished Daily by ko ral & Clay, Exchange Local Of Stocks Bia Ask 45 07 03 40 pis by A2 Amalgamated Royalty - Big Indian ~~. Buck Creek ~ Black Tail folumbine ~ Consolidated Royalty 65 147 25 Great We 16 Hutton Lake Jupiter Kinney oc. Lance Creek Royalty - Iuusk Royalty — Lusk Petroleum Mountain & Mosher Oil .. Northwest Frantz Corp. Outwest Picardy - Riverton Refining -. Royalty & Prod. Corp. Sunset --.. Sand Hills Tom Bell Royalty 35 1.00 40 4.00 05 -16, 3.50 04% 4 10 38 18 2.00 12 40 20 2.50 24 1.76 Wind River Refining. 06 WYOMING CRUDE O11 MARKET Rock Creek Salt Creek Big Muddy Pilot Butte $2.50 ---- 2.50 FOREIGN EXCHANGE DEPRECIATION RAISES EGONOMIG PROBLEM HERE Government Agencies Lend Undivided Attention to Ills That May Be Reflected in U. S. Trade; Flood of Raw Materials Predicted WASHINGTON, March 4.—The record-breaking deprecia-| tM apan eha tia Be tion in foreign moneys is receiving ment agencies which are charged B Aeon de tects GATES PRODUCTION NOW welfare, both foreign and domestic. Depreciated money is declared to be the chief cause for the ills from which Europe is suffering at! 2,500 BARRELS A DAY present and will continue to suffer for some time to come. of these ills upon the United States is the chief concern of national éco- nomists and trade interests. Widespread evils which will reach even into the industrial conditions of Wyoming are Predicted. Woolgrowers May be Affected With no money to pay their debts, and only a small quantity of manufac- tured goods on hand, it seems quite evi- dent that large shipments ef raw ma- terials to the United States will be made by foreign countries. The British gov- ernment is now disposing of large quan- tities of wool by public auction in Bos- ton. It is expected that Great Britain and her colonies will continue the policy of wool consignments to this countr: The United States offers the most at- tractive market in the world for this class of raw materials. The fact that the commissioner of internal revenue has ruled that the profits on such saltes are not taxable under our laws makes the policy even more desirable. To climax the inequalities, the native wool grower is not protected by a tariff seh ule, and it seems that the joy of the importers will be unconfined under pres- ent conditions. Printing Press Money the Rage The latest available figures disclose that the world paper currency has been increased by seven times since the be- ginning of the war. At the date of the armistice it was five times as great as the pre-war amount, and the total has been increased to seven times since. Money, like other com- , Must be weighed in the scales of supply and demand, If diamonds were as plentiful as coal we could buy them by the ton. The abundance of paper y seems to have been limited only physical ability of the printing presses. To balance the vast per currency, there has been no ponding inc in the gold re: The allies, tal as u group, begun the war with. $3,763,000,000 of gold and $4,- 900,000,000 of paper. Today the allies huve $5,071,000,000 of gold and $29,600,- 000 of paper. It is an alarming feature that the increase in paper money has not abated since the armistice but con- tinues to expand. Bolsheviks Have Plenty of Money (?) At the erid of the year 1919 it is es timated that the Bolshevik currency of Russia alone amounted to thirty-four bil ljon dollars, which is practically value: In round numbers the quuntity of gold in res standing behind the currency of the’ world bas inereased increases in pi Or ase less. 47 \yridwest Common — 48) ae ( ui Ground Floor, Oik* Casper, Wyoming Williams, BE. T.---.--.--_-. 1.83 | Western Exploration ~----. 3.30 | Wyo-Kans - Wyo-Kans _ 3.10 | | Keo-Hurst a-ee-e-=-12,15° 13.25 | | ! New York Curb Stocks r Open | Midwest” Refining .. i ? i? 187 3.40 | 3.25) The court of the Sixth Judicia! | Midwest Preferred — on to set a precedent when it rules | Merritt —_ |Glenrock Oi1 'Cosden _.. Okmulgee P. & R {Elk Basin | Salt Creek Prod. Assn- Western States 0. Prod. & Ref., Com 19.50 | 3.25 8.12 jrecently became valuable. The claims Were located, It is alleged. 8.12! by &. D. Grantham, Carl A. Cailson, New York Stock Excnangs Stocks | Charles Kubler, Carl G. Carlson, G. C. jexican Petroleum $172,560: $177,008 SIRO Pe ae ae ae oe ay | "Texas ON —_ 180.50. 183,007 87 ©: Aten. They are represen ny ‘Sinclair Oil _ 40.00 43.32 | Fattow ana pares te ie a U. S. Steel 9512 97.00 | During the year / NO assessment { ‘90 work was done on the claims. Thre teehee ss=+-9 per cent | o¢ the plaintiffs, Kubler, Carlson an¢ ear ies o--=-------135% | Grass were in the United States service | Liberty Bonds during that year. | 3434's tivL..2$95,.70' On January “13, 1919, the complaint _$95.60 recites, the claims were re-located by [344’s _ 89.80\G. W, Jarvis, M. U. Weber, U. S. We- 2nd 4": Ist 4%4's - 2nd 4%4's - [3rd 4%4's - [4th 4344's _ Victory Loan - > g9.80/E. Gothberg, W, A Blackmore, and M. ~ 92°g3/ A, Blackmore, and weré leased by them = g010} to the New York Oi company which 97.40| has been working them, and which ir — | named as a defendant in the suit. =/PaR the demurrer fed by Winter, & $2.85 | Winter, representing the defendants, it 2.86\is pointed out that five of the plain 2.80} tiffs were nat in the army service and 1.25| therefore do not come under the pro- | visions of article five, section 501, of | the federal statutes which provides that | soldiers and sailors shall not. forfeit | their rights to public lands acquired be- fore the war ‘thru failure to perform | required work while in military serv-/ ice. The demurrer points out that the five men were here and able to do the work | even tho Grass, Kubler and Carlson were in the serv | The court took the demurrer under \aavisement and the attorneys on both | sides will furnish further citations. | The federal law quoted was not pass- ed until 1918 and no precedent has been established as to the rights of locators where part were in service and part were not, The suit was entered for the puryose | the land. Grass Creek -. Lander -..-.. — The effect | currency have.at least temporarily de- | | stroyed the gold basis in practically ev-) . “ | ery country but the United States. The! _H. B, Gates, president of the-Gates | United States at present is said to have| il company, has sent to stockhalders avout one-third of all the gold in the| # Statement of the financial and operat: world. If metal redemption is to be |S affairs of the company. It reads: continued some drastic remedies must|. “At the special meeting of the stock-| be applied. Bimentalism and defla-| holders of the Gates Oil company held} tion are being commonly urged as cures| at Cheyenne, Wyo., Feb 21, 1920, there| for existing evils. Economic troubles,| Was present, either in person or by like other natural ailments, have a dis-| Proxy, an aggregate of 1,548,588 shares, concerting ,way of curing thomselyes.| Ut of a total of 1,900,000 shares out: The wisest of the economists view pres-| standing, and it was then duly resolved ent conditions as being very serious,| by the, affirmative vote of all then) but far from hopeless. | present stock to increase the capitaliza- ssinists Predict Repudiation tion as previously proposed, to-wit, froni ‘ 5 5 a Others contend that the disease will| $2,500,000 to ~ $5,000,000. Accordingly | _ 91.80 ber, O. D. Jarvis, M. J. Gothberg, M.} of | DECISION IN: BOLTON FIELD OIL LAND DISPUTE TO SET PRECEDENT Validity of Titles to Lands on Which Soldiers Were In- terested and Which Were Allowed to Lapse by Other Locators Is at Stake a on | district will probably be called up- on three cases filed by L. D. Gran- tham and others against G. W. Jarvis and others, which came up for! hearing on a demurrer filed by the defendants yesterday afternoon. The case involves three oil mining claims in the Boiton field which} |Prove. hero Is lot, however, at this immediate writing, any property acquis!- | directors have heretofore had under con- | sideration several of such, properties, | with the result that up tb this time |none have seemed, upon close investiga- tion, to be sufficiently. attractive, to lwarrant acceptance. Until acquisitions of recognized adyantage shall be ayail- {ee the status of the company as re- ; Sects its capitalization will remain un- | changed. |duction is in excess of 2,500 barrels \ daily, for which the price of $3.50 per barrel is being received, and that your }company has approximately $800,000 in {its treasury in cash and quick assets. {SA well is now being drilled and its completion is expected within fhe next 30 days upon one of the company’s properties (in the Homer field. “Our Rock River, Wyo., interests are also being developed, and it is expect- ed that the first well will have been completed by the 15th of th current month. “Systematic development is proceed: ing on the McIntosh lease homa, which is the source of most of our present productién. Anndunce- ments of progress will be made at rea- | sonable intervals.” The regular annual meeting of the Gates company will be held at Chey- enne on May 3, when a full report of the condition of the company will be submitted, CHARTER 1083 . REPORT OF CASP. sans and discoutits ., Overdrafts, unsecured U. §, Government Securities: ae ge to-secure' citeulation (U, s. Els ged to secure > S. deposits (par Pledged to secure postal savings de: Owned atid whpledged War: Savings Certificates val and Thrift s| Bonds arid securities (other than U_ Pledged as collateral for state or .._ {postal excluded) or bills’ payable. Securities, other than U. S. bonds (not in owned ind unpledged __ Collateral trust and other notes o for not less tham ONE YEA THREE. YEARS’ timer: Stock, other that Pederal Rés not run its full course until the allies} the situation of the company as: re: | bave repudiated their national debts to! spects its capital stock, is, as of this) the United States. “In the opinion of | fate, the following: iq Mark O. Pren chairman ,of th “Authorized capital, $5,000,000, of board of directofs of the Bankers’ For-| which there is paid up $2,500,000 and eign Credit Clearing house, all Europe} of the latter $600,000 still remains In is bankrupt and unable to take care of | the treasur iis fimancial obligations. He looks for! ‘‘fhe purpose of fhcreasing the aur the repudiation Wy the allied powers of | thorized capital is in order that the com: their debt to the United States, which |pany may: be in a position to acquire, jin the aggregate amounts to $18,000,-) from time to time, | 090,000, Foreign exchanges, he believes, | expedient, suck. other properties as the lave likely to continue their décline un-| board may, in its best judgment, ap {til they reach the vanishing point. | ——_—>—_ - If fresh eggs were selling for slightly { more than the stale variety would you; buy stale ones? Threaded Rubber In-| sulation puts Willard Storage Batteries | in the fresh-egg class, new when you! |buy one. Ask about them. Auto Elec- | trical Co., 111 East First street. Phono | 9685, 2-28-66 | — oe Read the Tribune Want Ads. Bought, sold, rented, re- paired. Dealer, CORONA—L. C. SMITH Casper Typewriter Exchange 101 Wyatt Bldg. Phone 856 eel REPORT OF CONDITION REPORT OF THE CONDITION OF THE FIRST TRUST & SAVINGS. BANK, CASPER, IN THE STATE OF WYOMING, AT THE CLOSE OF BUSINESS ON THE 28TH DAY OF FEBRUARY, 1920. | RESOURCES Loaus and discounts Stocks, securitie Interest puid Expense —__. Due from National Checks and cash tlems-. Money Reserve in Bank, viz , $388,390.05 14,836.00 816.32 887.66 Legal tender and National Bank notes. 5 Fractional paper currency. nickles and pennie 79.704.14 $484,684.67 i Total if it should seem | scription) ls 2. Furniture and fixtures — Lawful reserve with Federal FR | Cash in vault aim net amounts dt | Net amounts due from banks, panies | Checks on other banks in the | reporting bank — Checks on banks located outside of 1e from nker | Redemption fund with U. U-. S.\ Lreasurer | | Other Assets: Total Capital stock paid in. Surplus fund | Undivided profits |Less current expenses, “interest | Circulating notes outstanding —__ Net amounts due to banks, bankers panies Certified checks outstanding. Cashier's checks on own bar Individual deposits subject to check Certificates of depesit due in less than than for money borrowed) and _ Pledge of assets of this! bani. Certificates of deposit (other Postal sayings deposits __ Total =... | STATE oF WYOME County of Natrona,—ss: I, LB. TOWNSEND, Cashier of ti | that the above statement is true to the , Correct-Attest: L. GANTZ, } Cc. L. RHINEMUTH, | C. H. TOWNSEND, | } Directors, Subscribed and sworn to L. “The stockholders will be interested to} | know that the company’s present pro-| in Okla-} bonds par value)-$ posits (par value)_ £ corporations issued nor 6 : ve Bank stock .: Stock of Federal Reserve Bank (60. per cent of sub: reporting bank and other cash items. S. Treasurer Due from customers on Victory Loan bonds. than for mioney borrowed) ANU REPORT OF 5 The annual report ef the Kinney Oil and Refining company, maile public to- day shows total income for the year 1919 of $286,973, of which $285,782 was from the sale of oil production. Gen: eral expenses amounted to $182.024, of whieh $104,049 is charged to field op- erations. Dividends paid totaled $132,- 200, making aggregate dividends of $440,,00 paid to Jan. 1, 1920. Net gain in 1919, before depreciation and deple- tion, was $99,482. There was charged to depreciation and depletion the sum of $136,167, showing a net Ioss of $36, 084 for the year. The debit balance Jan. 11, 1919, was $311,515; the debit balance |Jan. 1, 1920, was $447,800. The report, which is made by Charles, E. Orchard, vice president and general manager, shows cash and Lib- erty bonds on hand of $107,219. Value fof lands and leases is given at $3,855,- 687, and additional leases, casing and equipment at $317,237, and total re- }sources of $4,965,605. Liabilities consist of $60,000 bills pay- able and $1,039 accounts, payable, show- ing excess of assets over liabilities of $4,904,566, . The company has total oil holdings | and| tion under serious contemplation. ‘The ,0f 18,831 acres in Kansas, Kentucky, | Louisiana, Oklahoma, Texas and Wyo- jming, of which 760 acres were pur- chased in 1919. The company has nine |deep wells it the Big Muddy field, two jof which were completed last year, and two wells in the Hull field of Kansas, fone producing and the’ other on ‘the sand. The Peabody, Kans,, well proved a failure and a financial loss of $25,- 738. —_——_ Annual Meeting Scheduled. The annual meeting of the Salt Creek Producers Associatiém will oe held to- morrow in Richmond, Va. Look! Just what you have been look. ing, for, Competent magneto, genera- tor and-starter repair man at the Auto | Blectrical Co,, 111 East First. Phone ; 968. r 2.28-6t — os NOTICE, ATTENTION MOOSE Blection of officers and lodge phy- sician, Thursday, March 4, ex J,,.N. KRAUSS, Secy. —,_-——-_—_—___— JAMES A. McKNIGHT NEW YORK CITY Oil. Mining, Development and Financing 105 W, Fortieth st, RETA ETS 7 ee rm or ras ET STI IR RESERVE DISTRICT NO. 1 CONDITION — OF THE STOCKMEN’s y. IN ine SPARE GU oy NATIONAL BANK. OF 'S_ ON. FEBRUARY 23, 1920, | RESOURCES ¥OMING, AT THE CLOSE $51,410.54 T5447 50,000.00 50,000.00 30,000.00 51,750.00 we) - se tamps actually ein 1,325.50 183,075.50 s. ti other deposits 55,000.00 cluding stocks), 151,672.40 | more than 19,875.00 226,547.40 3,500.00 4,500.00 2,600.00 60,000.60, national banks 983.81 and trust com- 14,588.75 8,707.01 ity or town of 21,822107 and due from 2,500.00 2,644.52 $1,710,034.77 $50,000.00 100,090.00 20,101.50 taxes paid 9,910.76 10,190.74 50,000.00 nk outstanding _ 80 days (other | State, county, or other municipal deposits secu 10,000.00 123,266.14 21,140.86 _—_—_ $1,710,034.77 he above-named bank,’do solemnly swear best of my knowledge and belief. L. B. TOWNSEND, Cashier. REPORT OF CONDITION OF THE WYOMING NATIONAL BANK, AT CASPER, IN THE STATE (= WYOMING, AT THE CLOSE OF BUSINESS ON REBRU: E RI ARY 28, 1920 ‘Loans and discounts ---. Overdrafts, unsecured -- ee U. S.bonds deposited to secure circulation (par value)— UJ. & Bonds and certificates of indebtedness owned and unpledged --. vu. 8. ‘Bonds, pledged to secure state or other deposits or bills ple. Securities other than U. S. owned unpledged -- Stocks of Federal Reserve Bank (50 per cent of sub- scription) ----~~-. -- aeacs Lawful reserve with Federal Reserve Bank------------$ 226,661.27 Cash in vault and net amounts due from national / banks ----- 618,174.51 Net amounts due from banks, bankers and trust com- Bonds (not including stocks) ei ed 3,300.00 109,586.56 panies Checks on other banks in the same city or town as re- ting: ik cheeks on pees located outside of city or town of re- porting bank and other cash items--. Redemption fund with U, S..Treasurer and due from * U.S. Treasurer — 87,397.56 10,840.85 §,000.00 _— ‘Total $3,798 100,000.00 Surplus fun 100,000.00 Undivided profits, less current expens: taxes paid Amount reserved for taxes aecrued Cireulating notes outstanding----- Net amount due to banks, bankers and trust compan Certified checks outstanding — Cashier's checks on ‘own bank outstanding- Individual deposits subject to check--.---- Certifleates of deposit due in less than 30 day: State, county, or other municipal deposits sectred by pledge of assets of this bank-- a Certificates of deposit ---- Other time deposits --. ofits, Jane. .0 s, interest and a ~ 97,600.00 jes_$ 44,205.17 10,711.73 18,036.27 ~/2,911,154.99 16,000.00 16,000.00 188,863.76 276,785.55 3,480,857.47 Total $3,798,710.67 State of Wyoming, County of Natrona—ss: I, CARL F. SHUMAKER, cashier of the abovenamed bank do solemnly swear that the above statement is true to the best of my knowledge and belief. CARL F) SHUMAKER, Cashier. Subscribed and sworn to before me this 4th day of March, 1920. ATLEE C. RIKER, Notary Public. My commission expites January 2) 1024. (SEAL) Correct-Attest: B. B, BROOKS, R. C. WYLAND, P. J. O'CONNOR, Carnes Brokerage Co. and Public Exchange PHONE 1147-1345 OVER IRIS THEATER ct ane ‘WE BUY’AND SELL WYOMING OIL STOCKS List your stocks with us,,we can handle them on a re- markably low margin. Our commissions are but oné percent of amount inyolved, ' i FOR SPECULATION: We recommend the purchase ot Royalty & Producers, Bessemer, Picardy, Domino, Qutwest and Sunset. These stocks will make you some nice money in a short time. a FOR INVESTMENT: We recommend the purchase of E. T. Williams and Consolidated Royalty. WE WILL SELL SUBJECT: 2100 American at 2c 1000 Columbine at 53c 1000 Domino at 17c :5000 Hutton at 214c 1000 Royalty & Producers at 38c 1000 Mike Henry at 61c 1000 Picardy at 15¥c 2000 Glenhurst at 6c 1000 Lusk Petroleum at 24c 2 Bessemer at 43c 2000 Amalgamated Petroleum at 114c 1000 Tom Bell at 27c 1000 Wyo-Tex at 15¢ ‘500 Western Aeroplane at $10.00 WILL BUY 3000 Domino at 15c -2000 Bessemer at 39c 5000 Royalty & Producers at 36c 2000 Glenhurst at 5c 5000 Wyo-Tex at 13c 5000 Hutton at 2c 10090 Cow Gulch at 43c Henning Brokerage Company J. A: Howle' (Private Wire) - J.J. Giblin All Local Oil Stocks Bought and Sold’ New York Curb Stocks Carrie on’ Margin Flat 6 Per Gent Interest Rate : Information on All Stocks Cheerfully Given Office: Henning Hotel Lobby. Phone 1 before me this 4th day of March. 1020. W. 0. RATCLIFF, Notary Public. two Dillion dollars since the beginning | of the war, while the fuce yaluation of | the paper money has “increased about forty-three billion dollars, not intlud- ing Bolshevile currency. ‘The evidences vt ang ‘ : " ‘est received of outstanding national indebtedness in: it us Creused $220,000,000,000 which docs not |eetuteates of deposit, time. tuke, into consideration the, large in-}, bl AON reases. in’ elreulation\ media thru Jn-) 7111) sTrATE OF WYOMING, ereased bank deposits iy L . Two Remodies Suggested County of Natrona,—ss: It is appurent that the increases in 1000.00) car 5,000.00 | y (SEAL) b diree {a ly commission expires ebruary 26, 102: 317,562.45 } Cupital paid in.. Surplus fund Undivided profits Savings Deposits. AE TAYLOR & CLAY, Inc. STOCKS AND BONDS Full information regarding Wyoming Oils, New York Stocks, Liberty Bonds and other issues furnished. upon request. Place your buying and selling orders with us.. Complete facilities of our office enables us to handle orders on up-to-the-minute quotations. We are the only Brokerage Company in Wyoming with New York Stock Exchange Connéctions. Private Wires to Casper, Lusk, Chian, Rawlins, Denver Lester Brokerage Specializing in NEW YORK OIL \the ubove statement is true,-to the best of my knowledge and belief. | W. 0, RATCLIFY, Cashier. CORRECT-ATTES { JOHN ©. DAL L. B. TOWNSI SAM SWITZUR Directors, Subscribed and sworn to before me thig 4th day of March, 1920. ‘SEAL MARI ALLEN, Notary Public. My chmission expires September 17, 1921. GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325. Rm. 10, Lyric ee LIP GL aS. ° 156 N. Wolcott Phone 1142 GIGI III ISIS GO GM IMS. wag.