Casper Daily Tribune Newspaper, March 18, 1920, Page 4

Denver today. fhe Casper Dailp Cribune MARKET GOSSIP Petroleum Producers Corporation is moving a rig to the northwest quarter of section 5-33-94 of the Alkali Butte field, Fremont County, Wyo. Wolfrang Down 400 Feet. The Wolfrang well in the old Plunk- ett field, .neur Hudson, Wyo., is show- ing oil at 400 feet after passing through | n brown shale formation drillers of that region. Blackstone-Salt. Creek Meeting. A special meeting of the recently formed Blackstone-Salt Creek Oil Com- pany was held in Worland a short time ngo to take up matters concerned with the formation of the company. Harry N. Isenberg of this company attended the meeting. Mr. Isenberg returned to New Well to Be Drilled. Purl Mosher, a driller of the Black- stone-Salt Creek Company, is in Casper today to secure men and equipment for drilling the well for which he has con- tracted. Mr. Mosher has contracted to AND FIELD NEWS: strange to} Local OU Btocks Amalagamated Royalty Atlas .-.. American —~-.. drill the well on section 6-39-78 in the Salt Creek field. New Oklahoma Field. Producers and Refiners’ Corporation opened up an entirely new field a ftw miles south of the town of Wewoka, Seminole County, Okla., where its first well at 1,450 feet, encountered what is believed to be the productive sand of the Burkburnett pool, with the result that it is making 8,000,000 cubic feet of heavy wet gas and spraying oil. The tools barely touched the sand, and the well will not be drilled in until tank- age can be assembled. The new district is northeast of Burk- burnett and is in the midst of a vast amount of production. Several dry holes, all of them, however, showing a small amount of oil, were drilled in this district some years ago. The logs of these wells, carefully studied, revealed the existence of a structure, and it was on top of this dome that the first of the Producers and Refiners’ wells was located. The company owns several hundred acres of leases in the field. The Gates Oil Company and the ¥ Of and 1s Company each have interests in some of these properties. | Oil Up in California, The Standard Oil Company of Cali- fornin has advanced the posted price | for all grades of California crude oils 25 cents a barrel, effective yesterdag, New Company in Osage. The Neoshe Oil Company has closed a deal for 4,000 acres in the Osage field of Wyoming, one 160-acre tract being located in the region of the new gusher completed this week. | Alliance Gets Casing. The Alliance Oil Company has re- ceived a shipment of casing from Cali- fornia. which will permit the early re- sumption of work on its well seven miles west of Douglas. Additional funds of $25,000 have been! raised to complete the test, it is announced from the company offices in Douglas, and work will start as soon as material is moved to the well. M'PHERSON DRILLERS SET CASING AT 2.106 FEET IN) TEST WELL EAST OF CITY’ Work on the McPherson well, Cas- per’s own well, has been in progress from the first of the year until last Monday when it was necessary to ce- ment. The well will stand idle for about 15 days to allow the cement to settle and then drilling will be in full sway again. The well is down 2,106 feet with approximately 650 feet to go. McDaniels was given the drilling con- tract the first of the year and goog progress was made until the cementing Job was mage necesszry. When the ce- ment has set, a ten-inch casing will be used. Over and operators of this McPher- son well ich is located a few miles east of the city expect to reach the first wall creek sand at 2,700 or 2,800 feet, WYOMING LEASING. AND DEVELOPMENT CO. HER ‘ (Special to The Tribune.) CHEYENNE, Wyo., March 18.—The Wyoming Leasing and Development company, capital stock $100,000, filed ar- ticles of incorporation in the office of The’ company’s headquarters is per. Its capital stock consists of 1,000,000 shares of the par value of 10 cents each. The directors are Figyd B. Pendell, C. R. Reed and ™, L, Johnson. a? WESTERN EXPLORATION FILES INCREASE NOTICE (Special to The Tribune.) CHEYENNE, Wyo., March 18—The Western Exploration company, a Maine corporation operating’ in | Wyoming, Wednesday filed in) the office of the Wyoming secretary |>f state certification of increase of its capital stock from $2,000,000 to $3,000,01)0. The number of shares of capital stock was increased from 40,000 to 60,000. The par value of the shares is $5.00. doesnot US He ALL AUTOMOBILE OWNERS should see our ad this issue. UNIVERSAL SHEMICAL CO, 3-18-10 jfesult of heavy - trading, point reached by this issue since the slump set_in several we@Ks ago. Thru- out ‘the list of industrial and rail issues sharp gains were recorded. altho they held steady at quotations which ruled Wednesday. Midwest opened at $171 bid and remained stationary. : Today’s Markets by Wire : - Furhished Daily by Taylor & Cla Exchange Building, Williams, E. Bid Ask | Western Exploration Wyo-Kans ~ 3.10. Wy-0-Tex 16 | Keo-Hurst -. 123.25 | Okmulgee PL.& | Elk Basin Salt Creek |. Assn. Western States 0. & L-. Prod. & Ref., Com. New York Stock Exenangs Stocks 210.00 211.12 Sinclair Oil 43.25 43.12 U, S. Steel. 99.12 100.25 | Call money. --6 per cent & Clay, Ground Floor, Oil Casper, Wyoming of ALR oe 3.65 New York Curb Stocks Open Close $171.00 $173.00 2.50 Midwest Refining -. Midwest Common-. 1.50 1.50 10.00 50.00 9.00 Mexican Petroleum Texas Oil ---. 190.00 $189.50 Liberty Bonas TAMPICO COULD ~ SUPPLY ALL OL | 1.84 | Development: Still in Infancy and Aguila, representing British capital, was third, S During 1919 the production o: petro- jeum in Mexico totaled 92,402,055 bar- rela, according to George Blardone, pe troleum statistician whose figures are generally accepted os “official” by the oll compa: vies. Exports ‘of crude oil and refinery pro- ducts from the three ports of Tampico, Tuxpam and Port Lobos totalled 80,- 690,000 barrels in the same ‘year. But | here is the ‘significant fact; this ‘was an increase of 42 per cent over 1918. Of the total exforfs, the United States took nearly 67,000,000 barrels, South ‘ ¥u America, with six and one-half million | _ ; L ‘State, | barrels, and Great’ Britain, with some- thing ove= two million barrels, were next in line. y tae Not only do ,these figures give con- crete evidence of the size of the Mexi- can Oil industry, but they, indicate the United States ‘not only is the‘lead- |: ing producer, of, Mexican of], but also is | the principal purchaser, Unlike. other | ‘ ail producing countries, the internal con-| solidify, sumption of crude oil and refined pro: | ducts in Mexico is very low; conse- quently, the bulk of production is transported to tidewater and shipped to foreign /ports. ‘The quantity of Mexican oil produc- tion, however, must be viewed in light of the fact.that she probably has drilled fewer wells, and proved less territory, than any other great oil “producing region, Oi] men in Tampico declare to- day that potentially Mexico is able o supply the petroleim demands of the whole world, The basis of that prophecy, and the movement toward its realization, con- tain the future of Mexico's oil indusry, 1920 Is Expected to Be Big Year ‘Spplications of Vic's ne : in <a e ition, at. tract blood away ftom the congested spots and relieve the cough. In addition, the medici. nal” ingredients of Vicks are vaporized ‘by the body heat. ‘These vapors.are breathed in aj] nij lerg, thus bringing the medication to bear directly upon the inflamed areas. Vicks should: be rubbed in over the throat and. chest unt} the skin is red—then spread on thickly and coveted with hot flannel cloths. Leave the cloth. ing loose around the neck and the bed clothes arranged in the By RALPH TURNER. (United Press Staff Correspondent.) TAMPICO (By Mail).—Oi men be- Weve today that 1920 may witness the greatest activity in the Mexican petro- leum industry. \ They agree also that the oil development of Mexico is still In its infaney, .: 4 Before peering into. the future, how- ever, it is well to get a picture of the present. For onJy by comprehending the immensity of the Mexican ofl “game” today can @ person give credence to the staggering possibilities of the future. It must be explained, before citing Production figures, that in Mexico a dis- tinction always is drawn. between} And it is the future vil supply. that “actual” and» “potential” production, | the world is struggling for today, | a pump harder, justias stepping on sure, which ‘is’ the’ teason during this disease, the ph watches the overburdened~heart. so carefully? / After recovery the lungs are filled with'a mass of wreckage— ‘the debris of thé ‘battle—which must be gotten rid of by a process -known as resolution. Frequently, .inflamed spots remain, congestion persists, cough hangs:on, and the least exposure brings on a cold that is hard- to get rid of. whys 3%'s Ist 4’ 2na 4 Ist 4%'s 2nd 4%4’s -. 89.50 | Bessemer .---- Boston Wy Sand Hills Burke Oll -. Big Indian a Buck Creek - 1.35 e Black Tail -20 a Columbine ---~ AT é Consolidated Royalty - 1.51 1.54 Cow Guich 43 46 Rikhorn. .. 20 22 Frantz Corp, 3.50 © 3.75 Great Western Petroleum. 13 16 Hutton Lake 01% ».02% Teper - 04 05 Kinney ~ - 146 49 Lance Creek Royalty. 48 52 Lusk Royalty --. 20, +22) Lusk Petroleum +20 22 Mountain & Gult.. 1.06 1.09 Mosher Oil 35 40 Outwest 04.05 Picardy -. 13 15 Riverton Refining - 10 -12 | Royalty & Prod. Corp- 39° (A1| Sunset ---. 17 19 Sand Hills 2.00 2.19 Tom Bell Royalty 19 21 Gates -- 2.03 2.06 | Wind River 05% 06% 1 Rock Creek = 2.75 Torchlight - 3.10 Mule Creek WYOMING CRUDE OL 15 G 8rd 4\'s 4th 44's ~ Victory Loan — IL MARKET | is Creek: X. ybull Basin Lance Creek — Lander STOCKS SOARIN G, GAING GENERAL Oils Not Responsive to Upward Trend but Traders| Take Optimistic View as Financial Conditions | Return to Normal in the Leading Market (By Associated Press.) NEW YORK, March 18 sues today resulted in one -—Heavy trading in, speculative is- of the busiest sessions in the stock market in retent weeks, shares with dividend possibilities rising | from two to 18 points. i United States Steel, regarded as the barometer of the New York exchange, rose to quotations above 108 this morning as a the highest Oils failed to share in the advance Salt Creek Producers was likewise firm at. $50.50. Tocally.today’s market was slow altho popular issues continued in demand. Gates moved above the $2 mark in re- sponse to announcements of an extra dividend and a stock bonus to be paid April 1, With financial conditions improving rapidly in. the east and the New York market returning to normal, brokers are optimistic over the future of oil shares and believe ‘that the effect of recent! advances in the price of crude, coupled with a resumption ‘of development work will shortly send’ prices to the highest point of the year. OSAGE WELL I RATED ATT 000 New. Gusher Spouts Every 30 Minutes. until Placed under Control by Capping The first gusher -of the Osage field in Wyoming may make 1,000. barrels, according to a reported statement from Osage which was credited to a lead ing. of] company man in the state. This well, which is now said to have been brpt in at 1,475 foet, has been spout- ing 50 feet of oil every 20 minutes, according to reports received here. The well was capped yesterday. It is the first deep hope in the field, the location being outside of the proven field. up an extensive field. The hole was ssarted Mist} Septembert Gas ‘explo- sions fired several of the buildings, yeent stock The well is on the northdast} the Wyoming secretary of state Wednes‘| quarter of section 19-46-63 and proves} | } EXTARDMIDEND Two and Half Percent Cash ait Ten Percent Stock Declared on Wednesday The Gates Oil company has announc-| ed an extra dividend of two and one- half percent for May 1 with a ten per- dividend besides the regu- lar quarterly dividend of two and one- half percent which is payable April| 1. Company books close against. the} regular dividend next Saturday and for the extra, dividends on April 20. The Gates company is the second} company which is bought and sold in Wyoming to issue a stock-dividend as @ resuit of the United States supreme court decision that stock dividends are such stock dividends, non-taxable. The New York Oil com- pany ‘was the first company to issue A statement of the company’s net earnings made for Herman B. Gates, the president of the company, shows! that in the seven months the company has been operating, its profits, after| dedujtion of the production tax in Oklahoma, have been $776,758. In Au- gust, 1919, net was $23,113; in Septem- ber it was $55,882; in October it was $92,379; in November: it was $132,964; in January it was $152,935, and in Feb- ruary it was $196,554. Announcement will be made ‘of the acquisition of several important properties by the been passed. castle and is reported to be gassing and has a showing of oil at a depth of 400 feet. JAMES A. McKNIGHT NEW. YORK CITY it is reported in. Newcastle. One report from Newcastle has it that this is the best oil yet to be found in the state: A new well fs. drill- ing on the Miller ranch east of New-! Oil. Mining, Development and Financing 105 W. Fortieth St, _ You Can’t Rub It Liniments Will Never Cure. uid Rh ments, lotions and other local a cations tha’ mutism, and never will? t never did cure Do not try to rub the ‘Try the sensible plan cause of the / that, remove You in away. of finding the and eS oe cai eds use, and you will never be rid of Rheu- Rheumatism is in the Blood Away; matism until you cleanse your blood‘of the germs that cause thu disease. 8.8. S. et as a blood purifier and scores sufferers say that it has cleansed their blood of Rheumatism, and re- moved all trace of the disease from | their system, | Get a bottle of S .S.8., and get | on the ee treatment to-day. Spe- | cial medica) advice free. Address Medical Director, 111 ‘Swift Lab- oratory, Atlanta, Ga, company as soon as the titles have} 91.00 | Second, it is deemed unwise to pump 89.88 | the wells to their full capacity, for that 92.60 | hastens the eneroachment of salt water, | 90.04) factor. which already has brought ' 97.56 | Stief to many of Tompico's biggest pro- | | ducers. 28 GATES 10 PAY Soot eat eed poparn ore rah rEARs IN STATE. PENITENTIARY comparatively small part of the oil is | pumped frorfl the wells. There are two| A. E. Norby, recently convicted by the district court at a jury trial 6f robbery, principal reasons for this. First, trans- | was sentenced to from 4 to 6 years in portation and terminal facilities are in-} sufficient to handle the full Sci es the penitentiary by Judge Kimball this morning. oo : CHICHESTER S PILLS| 2 is heaviest, the wells in that field aver- ‘$1.20 with * aging a daily poential production of 38,-; BY DRUGGISTS EVERY form of a funnel so the vapors arising may be freely inhaled. If the cough is annoying, swallow a small bit of Vicks the size of a pea. Samples to new users will be sent free on request to the Vick Chemical Company, 232 Broad Street, Greensboro, N. C. cK Ans Cle More Than 17 Million Jars Used. Yearly neglected, such damaged air pas- sages may easily develop serious disease of the lungs. Such cases should always con- tinue under a _physician’s care and frequent examinations should be rade to see. that nature is On the first of this. year the daily potential produetion of the Tampico | territory waS estimated at 1,770,000 bar- rels. This figure included the output of | +e two principal flelds of the north- } ern district, Panuco and Topila, and of the “south country,”, where production | — 000 barrels. Of the total estimate, how- ‘SOLD BY DRUGGISTS. ever, not more than 85, per cent of the : oil is actually being produced. . A better idea of actual production ig A may ve-gained from export figures. $100 REWARD In. January .sixteen oil companies ex- Will be paid to person or per- ported 8,061,289 barrels. of petroleum sons furnishing information lead- from the Tampico district, an increase ing to recovery of diamonds over previous months. The Hausteca taken from the women's rest- Petroleum Company, founded by FB. L. room.in the Iris Theater last Sat- Doheny of Los Angeles, recorded the urday night, largest exports, the Standard Oil Com- pany of Ni 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 of amount invélved.~ _- ‘ FOR SPECULATION: We sacobomacih tnd purchase ot Sunset and Casper Bolton Spndicate Units. These stocks will ang some: nice money ina short time, .» — The largest electric sign in the world advertises WRIGLEYS on Times Square, New York City: it is 250 feet tong, 70 feet high. Made up of 17.286 electric lamps. The fountains play. the trade. mark changes, read- 5 t: We recommend the E. T. Williams and ‘Consolidated Royalty. _.WE WILL SELL SUBJECT: * 2100 American at 2c 1000 Domino at 18c * $000 Hutton at 214c ‘ ‘1000. Royalty & Producers at 42c. 1000 Mike Henry at 61/c 1000: Picardy at 15144c 3 1000 Lusk Petroleum at 21c 2000 Bessemer at 43c 2000 Amalgamated Petroleum at 11¢ x Units, $50-e2. 1000. Tom Bell at 23c 1000° Wyo-Tex at 15c 1000 Wind River at 6c ing alternately WRIGLEV’S 800 Western Aeroplane at $10.00 SPEARMINT, DOUBLEMINT, “3000, Demin WE BUX. -and JUICY FRUIT. and the 2000 | at3se Spearmen “do a turn.” Shoe Ce ert es 5000 Wyo-Tex at 13c 5000 Hutton at 2c 1000’ Cow’ Gulch at 43c This sign is seen nightly by about 500,000 people from all over the world, Henning Brokerage Company S.A. Howlett (Priva ate Wire) 3.3. Giblin ’ All Local Oil Stocks Bought and Sold ~ " New York Curb Stocks Carried on Margin _\ Flat 6 Per Cent Interest Rate _ Information on All Stocks Cheerfully Given ‘arent onl F eat — " Ps FOP UA AA) st sap hs - Lester Brokerage House Bea S ializii ae TAYLOR & CLAY, Inc. STOCKS AND BONDS Full information regarding Wyoming Oils, New York Stocks, Liberty Bords 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 Connections. tn Private Wires to Casper, Lusk, Chian, Rewlins, Denver 156, N.. Wolcott | Phone 1142 — |W llrrvvrrrrs aT eae as. : N N N : : N N N . N S