Casper Daily Tribune Newspaper, March 12, 1920, Page 4

NO SENGATIONS IN OW FIELDS Only Routine Developments Over Country Reported in Der- rick’s Summary The oil news from the fieldg at the close of February and early part of March, was of the routine order, says the Derrick’s weekly summary, North Louisiana reached a high mark in its production, and the output ef North Central Texas showed no change from the previous week’s estimate. Okla- homa’s news included only moderate producers, and the other fields reported thing out of the ordinary. An in ing demand for fuel eaused an advance of 50 cents a barrel during the week for Coastal crude. The call for bids on fuel oil for government use by tions, and the government is wor- 1 over the outleok for obtaining this grade of oil for navy use. It is hinted that unless some arrangements can be made to obtain fuel oil, the government may apply war-time regulations to se cure the supply. California reports a smaller production than ig required for its consumptive demand, The Coastal) output is also below requirements, and in consequence efforts are being made to obtain more crude from Mexico. It is rumored that the United States is secking an arrangement with the Mexi- can government for the development of its prospective oil fields. There seems Today’s Markets by Wire:. ayo & Cy, Ground Flor, Furnished peal te bed Nec Cecal Ol Stocks $170.00 $173.00 1,50 2.00 Sand Hills Tom Bell Royalty Wind River Refining - to be no limit to the consumption, and the situation is such as to cause anx- iety for the future supply. The light oil supply is in a better situation than that of the heavy product, but even for the lighter grade ws prpgrene ve LaptaE than the supply, ul the increasing BAS ee aity ot gs pais *s just beginning. The estimated production of the North Louisiana fields for the week ending March 1, was 116,910 barrels, which is a new high record. Of this amount 81,630 barrels was furnished by the Homer pool of Claiborne parish, which. was greater than that credited to Burk: burnett for the same week. Thus, the pool of the United States. A new well has been found in Bossier parish, at a wildcat test, which is “producing light gravity oil in paying quantities. This location is about nine miles northeast of Shreveport and evidently opens a new field. A large blow-out was also re- ported a wildcat in De Soto parish near son, La., |The completions for the week in the Bull Bayou district were unimportant. North Central Texas reported ordinary producers and dry holes in the defined fields. A number of failures ‘Were 're- ported in the Desdemona pool. The best news of the week was from Stephens county where the Montreal Oil company’s No. 1 Harris reported previ- ously at 4,000 barrels, increased its out- put to about 8,000 barrels. The loca- tion is surrounded by dry holes and small pumpers. The shallow fields of Eastland county are increasing in value, and their area is being extended each week. The Vestal well in Callahan coun- ty is making occasional flows, but its value is still undetermined. A pipe line is being laid to it by the Prairie Oil and Gas company. The production of the North Texas division for the week ending February 28, was 183,355 bar- rels, the figures being the same as in the previous report. —_—_—— ———— Cc. H. Dailey of Sioux Falls, 8. Ds who is representing the H. K. Mulford and company, is here calling on his trade. COURT HOTEL Mrs. W. J. Farrell, Prop. Phone 5279 Over American Express Office All Rooms Modern. Reasonable Kates By Day, Week or Month YOUNG MEN'S AND CONSERVATIVE MEN'S SPRING STYLE SUITS NOW ON DISPLAY AT JESSEN BROS. CO. 114 E. SECOND Special for Saturday Only 10'Per Cent ‘Discount on All + MEN’S SHOES Roek Creek —. Salt Creek - Big Muddy - Pilot Butte -.. atl 1 ‘50 Mexican Petroleum 43) Texaa Oil {27 Sinclair O .. az {ist 4’s Midwest Preferred . Merritt 1.50 2.50 21,50 22.00 ~ $12 3.37 8.87 60 11.12 52.00 New York Stock Biremangs Stocks --$187.50 $182.00 199.00 197.00 43.87 42.62 99.75 98.62 wee-T-per cent -$96.14 ~ 98.50 2,19) 2nd 4% +22 | 8rd). 4%'s 1,90) 4th 4%'s 06% ' Victory Loan ------_.. WYOMING CRUD E Cl; MARKET ELK BASIN GETS MARKET GOSSIP. | AND FIELO NEWS Homer field is now the leading light of | Glenrock and! Cowle Cowley Plants Ac- Fossil Field Well D. Develops Com- —-OIL REFINERIES quired with Control of Mu- tual Company 8 Ne The Elk Basin Consolidated Petro- Jeum Company, it was announced on ‘Thursday, now controls the Gienrock re- finery, having acquired the Mutual Oil Company with two refineries in Wyom- ing and two lubricating and grease plants in Kansas and Missourl-and with 200 distributing stations in Kansgs, Fred W. Freeman, one ofthe organ- izers of the Texas company and its western representative in “Denver: for many years, has been elected president ot the Elk Basin company, which now becomes a complete unit in the oil*in- dustry instead of merely a producing; company. The Mutual company has, a’ 3,000- 1,000-barrel plant at Cowley, in the Big Horn Basin. has a large and modern. grease plant and a refinery at Chanute, Kan. The company is capitalized. at $3,000,000 and the. purchase was made’ by the exchange of $3,000,000 of par value of Elk Basin Consolidated stock for the entire capi: talization off the Mutual Company, year were about $400,000 and, with the crude 61} which it will receive from the Basin Company, is expected to cluded in the transaction were-the .dis- tributing system and marketing facili- ties as well as a-large number of tank cars. Mr. Freeman, as president, will have general charge of the activities of the #1k Basin Consolidated. _In the pro- dueing department, Sidney H. Keous- han, who has been) president since the Elk Basin ,;company acquired the Keoughan-Hurst Drilling Company and the Grass Creek Petroleum Company, will be in charge with the title of vice president, while 0. H. Williams will continue as president of the Mutual Of Company and have charge of the refining and marketing end of the busl- ness: Nebraska and the Northwestern states. | traordinary off boom barrel refinery at, Glenrock; Wyo., an@ a} Earnings of the Mut:#} Company last . mercial Production at Less Than 300 Feet oo ‘With oil stocks picking up today in Casper, Denver brokers sent out the an- nouncement that a general increase in all Wyoming issues was expected from now on, ,L, lL. Winkelman'& Co, of Denver issued the following statements “We look for a resumption of an ex- in the | eritire Wyoming lst ‘from this time forward." G, R, Hagens of the Hagens-Murane |< jaw firm, and’ who has been visiting In the Cat Creek oil field in Montana, is expected back:in Casper tonight. Mr. Hagens owns'large interests in the new Montana field and “has, property next to that on which the well was brought in on recently... Mr Hagens is also a large stockholder in the Frantz Cor- In’ Kansas City, Mo.,' it.) poration. It was 45 degrees below zero in the Montana fields, according to ‘word received hére from Mr, Hagens, The Arizona-Wyoming’s No. 1 well in the Fossil field, Lincoln County, Wye.. has driiied through 40'feet of sand first encountered at 257 feet, and has de- veloped a considerable showing of oil with the thickness of the sand not yet determined. ‘Kemmerer reports state that the well is good for five or ten arn more than $1,000,000 this year. In-| parpelg a day, but indications are that it will be drilled deeper in the hope of locating a more prolific sand below. Gates Declares Dividend, Directors of the Gates Oil Company on Thursday announced that they have declared the regular quarterly dividend GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & La Print Co. P. 0. Box 325, Rm. 10, Lyric witha For The he exctvsive grade of coat OBSTINATE COUGHS When resistance is lowered ard you come down’ ‘that runs into an ebstinate cough, trouble i is more than surface deep. ‘SEMULSION an easily absorbed tonic-nutrient, to nourish and enable you to get a fifty yea yout You need mixed with your blood fresh hold on strength. nearly rs Scott’s has been helping break up colds by building up strength. Try It! Scott’s Emulsion is the famous oi! sett ia Feiged. in gue ow Ames xaborstorless Bis 'e gunrtater of puny and plait 7 unaurpansed. 7 1+ FOR this week. See car at 165 South Ash Street Almost new; exceptional bargain. Buick Automobile SALE Must be sold, WHITE MOTOR TRUCK CO, payable in cash will also Leslie Oil Company Incorporated. The Leslie Oil Company, with 2 capi- tal of 42,500,000, has filed articles ‘of incorporatoin with the. Wyoming secre- tary of state. It will operate on the B, Holdrege and W, J. Taylor, three well-known, Wyoming business men, are the directors, Hpi fa furnished. 238 Wemhiod. con RENT—Ranch, :close iny 150 acres -under cultivation, 1200: acres. under Ronoae. horses, implements, ete. hae Le Tribune Office. 2-5 tf “WANTED maid for boarding cond. B-12-tf i NOTICE TO. DOG OWNERS Pursuant to Ordinance No. 71-A,, of the Ordinances of the City of Casper, WANTE! house. 339 cense before April 1, 1920. You wit be required to keep your dog off the streets of Casper, as it is unlawful for any dog te run at large upon the streets of Casper, within the | Ni elty limits whether licensed or not. All Santee him lay elias ins = Baa Boigh Sti taken up and disposed of according to the terms cof said Ordinance. Those ee ee Etiketginrescnsey gt ele" Punch man web ae Eee hi. gee “a Srna, Bee the Tribune want aa light as. a mm Seehg es & ae Pipe Line Right-of-Way Filed, The Illinois Pipe Line Company, which is building a pipe line from the Rock Creek field to Laramie to supply oil to the Midwest refinery ‘there, has filed deeds at Laramie for right of way from the Pacific Market Company and’ the Prairie Block Coal Company. The Pipe Hne company now has secured _ the greater part of the right of way for the proposed line. Frozen Lines Delay Work. Many oil companies cute in the hi ayving Wyoming fields | if Hl i EB. M. ELLITHORPE, Pub. March 9 to April 1, 1920. (We know. that your underreaming can te dona'doe ‘money with’a Swan Underreamer than any other. d m any one of our i ii 0. oa Chief of Police, Sas ea a ee 2 lin Tribune Want, Ads bring results. - WANTHD-Waltrous, WAN’ fae lacy mar. Method Ta WANTED—To buy “food Bir gti W AN’ who Wish to keep dogs will please take| Dior notice and govern yourselves according- ly. at eotlneron _. went through i 3: of “middle life without rts thal RS. E. B, WRIGHT, 223 ages fo eeuht “pare ae aide med Addrees _ 3t ‘TED — Bxperienced’ dressmak. and setinier from New York ‘City B00 piano, sae sewing by dayin homes. ome FOR ue ‘Tribun pil sda EIU tL Fh FOR SALE ‘OR TRADE—Ranch in the acres Caspey. LOST—A FOR SATURDAY Richelieu Sliced'Pineapple, 21-Ib. can .. ie Ei te a ee | Richeli > See ee Casper Storage Co. Phone 97. "TAYLOR & CLAY, Inc. STOCKS AND BONDS Full ‘information xe: Oils, N York Stocks, Liberty Bonds eae ee fi c fed upon request. Place your haying and selling orders with us. Complete: facilities of | oe 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 Connections. Private Wires to Casper, Lusk, Chian, Rawlins, Denver __Pledse call Phone ‘gszrt "3-11-20 Taso Ne. Dubie Reward: Mau EE ——— | 3-12-6t FOR SALE. Ww. scenes ‘ ost SALE—Ne Texas; ST ‘Phous © erm 3-12-tt ood pay ti ate eh eee (3 of ee Business. told Golden Medical Disco bottle. L continued taking it until twa: completely cur I haye ea it_in “the use ever since. Seekgertes ful medicine | Pknom it aaved my ifed BAR ME ow it saved my life.!—l HYATT, 5th and ig and fixtures £ you are look- ey ma this is xooe re ce, cheap tent. If inter: prite wheat section, of Montana, 25 foll_ whea' trade for homein Box 108, ‘Tribune, g-i2-at ‘LOST AND FOUND tan glove ine th Please call Phone o32Te O STi te Carnes Brokerage Co. and Public. Eichaise _ PHONE 1147-1345 OVER IRIS THEATER WE BUY AND SELL WYOMING OIL STOCKS List. your stocks with us,-we can-handle them on a re- _ wmarkably low margin, commissions are but « ‘one percent of amount inyolved. ° . FOR SPECULATION t We:recommend the purchase of ‘Royalty. & Producers, Begseme, Picardy, pied Ouest, Sunset and Casper Bolton Syndicate Units, . These bing will leg some nice money a ‘a short-time. 2 INVESTMENT le recommend urchase of E. T. Williams and Consolidated Royalty. se pen WE WILE SELL SUBJECT: 2100. Anieriekay at 2c 1000 Columbine at 52 1000 Domino at 18c 5000 Hutton at’214c 1000 Royalty & Producers at 42c 1000 Mike Henry at 61c $ 1000 Picardy at 15%4c $ 20 Casper Bolton Syndicate Units, $50 ea. 1000 Lusk Petroleum at 21c Btel ee at 43c algamated Petrole 1000 ‘Tom Bell at 23c cua ok 1000. Wyo-Tex at 15c¢ f 1000 Wind River at 6c Western Acroplane at $10.00 . WILL BUY. Domiub at 15¢ ‘oyalty 'roducers at 40c Glenhurst at 6c Wyo-Tex at 13¢ Hutton at 2c Cow Gulch at 43¢ Henning Brokerage Company . Howlett (Private Wire) J. J. Giblin All Local Oil Stocks Bonght and Sold New York Curb Stocks Carried on a ae 4 Per Cent Interest Rate ormation on All Stocks Cheerful! Office: Henning Hotel Lobby ee Seeilicng ia ? ~NEW YORK 0) | 156 N. Wolcott Phone 1142 WEMILTLOILTTO TOTEM. ewes