Casper Daily Tribune Newspaper, May 19, 1920, Page 4

OIL EXMAUSTION TALK NOT. NEW, HINTS DERRIGK Neyer Been Quieted, Despite | Discoveries of Even Great- er Fields (From the Oil City Derrick) A subscriber to the Derrick desires to Amalgamated Roy | Atlas Began Fifty Years Ago and Has American -- f 2 They are near the producing sand as estab-| Bos 4 : Wy-0-T 10 : * A % ara SE ob - y ae aes Pa ee 14' lished by the pioneer deep well of the field and will extend the| [Burke Omi a oa | proven area a mile east and south of the present gusher, which, | | Big Indian —______. Buck Cre : Today’s Markets by Wire : = been, since the downfall of| yearly salary being $3,750,000. THREE EP WELLS DUE IN OSNGE °/near Newcastle, Wyo., before the end of the month, according | °'to field reports. Furnished Daily by Taylor & Clay, Ground Floor, Oil Exchange Building, Casper, Wyoming Local Gil Stocks ) ° Gates Bid Ask Wind River Refining ~ 9 $ .31] Williams, E. T_-_. Western Exploration — Wyo-Kans 1.41! Ity lidwest Refining - Midwest Common - -11| Midwest Preferred - 3) Merritt under recent test by the Sinclair company, flowed at the rate} of 1,400 barrels a day. tennial company on one of the ‘ew rigs spotted in one week's time| structures in Wyoming the following locations |ton, is now below 1 tot to] ConsoNdatea on NW% SW 34-47-6 ress having been made in ks. know how much real truth there is in Cow Guieh on NW% SW% 14 Completion is expected 2,000} the frequent statements he sees in the| pyvuce la, on NW% NW, 7-46-63, and] feet | ve aR $ , press, that there is great fear of an|?% YE% 12-46-64 ; hear es TY i Ikhorn Peg fire exhaustion of the sources of petroleum | _- Okmulgee P. & R_ 1, on SE 8-4 Favorable Rei i - at and a consequent famine in’ the arti-|FFantz Corp, ale Gteel Prcd. Anon ae Soy Favorable Report ¢ Domino Lands. Precision methods of manufacture make corresponding"Z"* cle since its inception the pe-|Great Western Petroleum .08 Downing, on NW% Cnaetueaing fname: is. tate to“ eaek) Engine parts exactly alilke—absolutely interchangeble— troleum industry had its prophets Si herr Lake 01% Muskrat-Osa; “Swy alec a Rawlins, F. J. Birss, man-} perfect fitting—undeviating. : aay aha til Ooo Tmee a Be ree be § ager the D 10 Wyoming Oil com-| eo aeN Dears . . ufficien ad its prophets of plenty; aupliee | Ring, coeeeta nee . Sapisieieal max ax Because similar “‘Z Engine geste are as like as.‘‘two peas’” @ who believed the world wouid| Kinney Patieibicn Ohio, on SWY i waned Of aenGbt Taaxtows We they interchange perfectly—fit to a hair’s breadth—always. soon suffer because of the failure of its|Lance Creek Royalty _ National, on node ‘odle Rivey, on wilinl the This is the result of accurate, careful, machine work by supply of oil for light, lubrication and] Lusk Royalty ____ Midw 0-46:681 ici tisa nite ay lamin fr ttaey Gee expert engine builders. motive power, and those who held that}Lusk Petroleum (two Ic Sire saad earns ms 2h “ i ‘i i the sources of supply had scarcely been|Mountain & Guit Brcaine Refiners, NW Neg! Pott: is ry favorable, show The “Z equipped throughout with removable, die-cast ie ae this: altterénve In| Sine estore eee 28-46-63 selners, NW'4 NE‘) section to be on a well defined bearings. All parts liable to wear are case hardened. Replace~ ey s a enry ph sd c ture and lying the ap ments due to breakage or long wear are easily made—easii opinion that caused the fluctuations in] yosher Om ums Co., on NEY% NEY, 32-46 a 7 4 y asl chevgil ‘ni t in those olden days when|Outweet - ASA NSA “4S anticline, At Rawlins the bad road fitted—periectly interchangeable. the public bought and sold the article| picaray t activity extendas Hs fir sopth| htop nea information cree chet Benefit by the experience of more than a quartet-million on the exchanges And in all that time] Riverton’ Refiniie ,/a8 6-42.61 in the South Bea district, ‘look bright for the Domine. The| farmer users—come in and see the ‘*Z’’ today. the prophets of inadec bly | py 1 » Carter Oi 7 , ’ Lath Sank Boot Nieyae: i “ug at EAL eeWwerecr atten ably | Royalty & Prod. Corp_ 125] Ist 4%'s | Where the Carter Oil company has/texas well on SW% section 1-25 is Other “2” features are: Runs on kerosene, coal oil, tops, as the: mative fields (Haein Mawisie Sunset —__ 16|2na 41 spotted a rig. | within a few hundred feet of the Pom well as gasoline; built-in high tension Bosch oscillating mag- daplotioitand: the prophet et ecko: | ene Meili 225 |3ra 44's The test of the deep well on sect se in section 11. Directly north neto; more than rated power; clean-cut, efficient. design; Hon Mbad lonaea Upsavith che D oil in|, #@ndard: Royalty 1.00 | 4th 44's eaysuaies 6) poor : ; arte ae f section 1, in section 36-26-87, the P.| long-lived endurance. : : « neterert . 00°} rc had completed another otinnieed tithe 2 expectation of swollen prices, than a{ 70M Bell Royalty - 06 .08 | Victory Loan — 96] gusher on stion but the rumor ade at Te eee teint Factory Prices: new field came in and they were thro’ WYOMING CRUD E OIL MARKEE O'S. “scrote Over 100 shallow pro-'the Domino holdings in both se:tions | acseneseeees ing out shore lines to prevent being wionee 2 MARKET |ducing wells have been completed intang 11. The Domino-New York well drowned in the flood of gusher wells.| ®%& a - Grass Creek — —--—$3.10 | the ficla | ne . n jomino-? ors 1 Time and again was this repeated, but| "Mt Creek -. Greybull ~ -- 8.10! Tne Custer Hi-Way Ol company of! 0% Section & is down 3,100 fee:, with the prophets never seem to chango| ee - Blk Basin __ 8:10 lsnetiten teens mpany of sod indications. > jo" ut e r ‘ & 3 TR their views. Both sides have been per-| a Re = Lance Creek | Osage’ field and is now drilling the Basin Fields. Inspected | tent in holding to their opinion: [eect esi Lander lond well on Section 6-4 Tr Wo MR Ae hear ae - Even the most experienced in the busi-] {well is reported as bei tis apit list of Minn npolis visited| ” Cc 3 ness were as far from the facts as th und well No. 2 of this Rai OVaE 7 URES Sadat ovens or. Center and Linden merest amateur. Often the pessimistic] onjy ang Pa Aiea aa, | z : {pany is expected in this week. : iffer sedating ieiie = -% BiaWewoC aha uliie aout was|CulY, and not to its use as fuel or mo-| mable gas will meet’ all requi es Han ceu0l mixed (EF te (Onsea over the different prospective oil} caused by the hope that it might prove| UV Power. “Stilt the history of the| It is to be hoped they may s |field, distributed in three locations. Dr Bs By ES Fae Pence Cone ar so, and the old leases would prove bet.| business in the short period since it| their efforts, but at the same 6 ewell of Sheridan is president| 22k. Mr. Parker left on Monday and} r paying properties on an advancing| PC&®™ has been one of constant ev-/ world is assured of a supply of Jand Lor }. Mills is secretary of the|2ted before leaving that he and -asso-| iilridet. ‘The ‘Pennsylvania. operatire pansion. New fields have invariably! leum so many years that the clantiats | a emsieuhich fis Ananda renkiraly. bir tes expect to drill least eight wells hounded the producing territory of the| Pee” ‘scovered when. the yield of the | will have plenty of time to develop their| concer, Whic : y ne vicinity of Basin this summer. , United States by the lines of the prea {22 ones began ta decline. Oil men| plans. Phe busines’ men are establishing) WO'K Will be started just as soon us ent fields, and scouted the idea that|M#Ve confidence that there is plenty of Po a eneBAIVERTHE Obie. avech. day cage ptnommes ipa Cox pune Hib Pawan acs GHAI ptkdkica WOuld! Beak Gancune promt.| Und overed territory yet to be found.! egillt iS ; tips even) i Gey 808 be prepared. 3 Providence sais (ot te as a fe’ Ks yd if Pee e, nent fastors in the industry, even as] stow so ae Seay PipreAibdetad cit STATE Olt LEASES ARE |sage brush wilderness is today a thri If you would earn more you she & tha Oklahoma operators failed! tolWwitharaw it whee ite ore bed poet ing ttle ety, fast assuming city n more. ‘The Casper F To the stockholders of Casper Mu- ted inths Tene | Delt might ex-liniveesal, andthe needs. ofittel humaasl eee chery SU Sa it baL vee oa pest hele Move Oe Meares tend into , sg e ‘ | JA. Jones has been elected by the citi-|one of their evening “7 ys ; race for its benefits, the greate: : ISSUED AT RATE iF ONE ie . tat tecen © has been ¢ suz . ze eting as the fi sh yer. ty cotecenily’ there mas been an unuauall Tig at arene te eaten, Sell [ne mae meeting ai the fest ars over tual Building & Loan Association: é : ; ; on an optimistic or peitistic theor: ace ema tie estates art are warning the people that exhaustion ; 9 tee -recently appointed to adminis —_——$ $< __ _$___<_—_ rays . the TGhinoees d s pT ee «recently appoin > admini per ota of the petroleum supply is within sight.| (4 peri wee peuliota ty stan dliay pal the civic affairs of the embryo city is Notice Js hereby given that at the regular monthly Some sive the period when the world] fier wna ine nie cog ereat stores of 5 vn ebtiity UL aoWnitD aGusiness paandoint i meeting of the board of directors of the above-named priygeal the: want of ofl) ag a lenin varsbconrernen Wit Teese Be ee | things: oraanismie a re ; town and do- a association to be held on the 25th day of May, 1920, at ence; others are © more libe ests ee CHEYENNE, Wyo., May ing it along business lines. > Cour AGA, extendas itantnG date iaavoniat held igood Stns oe The have Enable haicataeeoMGeRG oe ne. fae saree Brokera e and the Court Room of the Natrona County Court House, , Jed. ne € D! e rock is des “ 21 Yo oy, Tey, }: ‘ - years, But the fixing of the exact time) {ailed. If the oll of the x destined) teases on abitheziate ot aie Ravin pesahicors in eksiliton: fs \$ Casper, Wyoming, at 8 o'clock P. M., nominations for for thi to happen, they all seeming bbe reaag Ue thalDneliiae tute atooee Hourly, is announced by A. B Completion of well 7 wives ithe Insurance the directors of said assocaition to be elected at the pene exe he oil Helds 48) yroduce a cheap illuminant for oil,” |/"4 commissioner, in Petroleum Producers oration six annual stockholders’ meeting June 25, 1920, wi pending. Government experts, wri x the fact that since March ate] producing wells on the Hamilton dome SaGs 1 . i4 C ters of ‘special press articles, and. ed zy ye cuuone to mote thatthe at : has granted 514 oil and grazi ‘| northwest of Thermopolis, Wyo., No. 4, | All Wyoming Stocks Bought $ received. J. T. SCOTT, Secretary. oe Tuenice Nthe aie “4 stion is still a comr one, for Zag Re NIA Tete S 4 a y ‘ oh agi alah , Ste a eae I ut iS peueuern ee a spent ie pay ee ae i ases, WHI s & the rate ch euahy having been stopped at the water sand and Sold 2 wropaganc e all sounding war: | cent 4 } subject says y over one for each working hour o aaeida xr supply for ¢ ithe 2 ite that our great industry is threatened| ntists are striving to develop the period. Of the leases granted 205 Hann oe gasauate tail ey Ce ; District Manager Equitable by the exhaustion of our domesti¢ sup-| stitute i coal: and oil 10 were on oil lands and 312 on grazing| curate estimates of prodt Life Insurance Co. of | SSE notin ere| Powe! xelieve tha e ane ‘ 7 ply of pertoleum. It may be that thi 1 a Atal pevenenauaey lands. | Occidental Oi & Gas company has com- New York is a purpose behind this, in warning| &toms can relea and ———_— > other: wel " 1 LAYI the people to be careful not to waste| Commercial uses. A Canadian scientist septing V. r anan and|Pleted the only other well in the fied.| | Room 23, Townsend Bldg. 3 Inc. this valuable product. If this be the| thinks that the nuclei of helium can be| Cleveland—during his first term all the : RITE i Phone 196-J ‘OCKS Yeasen, it is a wise one. Waste should| Used to liberate hydrogen from nitro-! presidents | Centennial: Down: 2,200 Beet. | STi AND BONDS seem inexhaustible. day does not warrant iom in extravz future ifficien the pres at the But it is any ment si ent gene expense may be questioned whether th of al foundation frequently heard, “the oil fields of the United States near exhaustion, | and this is giving concern to business| men There limit to of the times, each 24 for the that s, of cour: , Supposed to be a ll things. Even the duration} earth has been fixed several 1d yet it still turns on its axis hours. Oil was not discovered until the world needed it. In f seems to have been discove what ahead of time, for of portant produ gasoline—was a wast after Colonel Drake struck ause no use had industry, and the output dec: Ss, It one for years his well, 1 provided for it world failed t the s for sev not until the war s to an unusual extent, inordinate demand for n to dec For these many ye jual inex in been the of wa try absorb al we imulated indus reated nd an that of accumulating there was a g quantity of oil held! in sto: just before the war the amount becoming a burden to the produc: the manufacturer. The great changed this situation, and ind needs and new uses caused a drain on the stocks, consumption above production, creating a situation never before existing for many days the oil industry It is also needless to refer to the fact that producers of petroleum were ‘handt capped during this period by various] thi , so that the output was smaller than it otherwise would have been. Seurcity of labor, scarcity of well mate rial; closing down of wells by govern-| ment enactment and the withdrawal of| oil lands from development; were some of the obstacles ninst which the pro-) ducer w d. There was also the fear during 19 that the government might take over the indust nd this caused vs the unt a hesitation among operators. Yet in spite of handicaps the pro: ducers of the United States inc ed the output of petroleum in 1919, over 25,000,000 barrels. It is equally as cer tain that another increase, making al new high record, will be witnessed this y ¥ Whether it will be suff ent to} meet the extraordinary demand ‘for pe-| troleum remains to be determined. Some of the world’s supply wilt come from the revival of the fields of Europe and 4 a, and the will be new sources from Central and South America. In the meantime it may be stated’ as a fact that mor states will be added to the list of those producing oil, and that the potential possibilities of petroleum in this country, are unknown factors But the talk about exhaustion is not be ne It an fifty -y ago and more, and probably will continue for another fifty years. As far back as 1583. ELS V.uSmalley wrote an article for inuwhich he, touched on follows: Ny iat Pe) > the petroletinn a faaioles With productive “ferrit vonfined to afew small striy in six ‘edunties, jn sforn, New York, and ‘an\-ingxoralies AW pid- extwustion applying. to aH? we) lithe: ‘would’ seem Mabd When -thife gtedt | blessitig,” “the Cheapilight of thp whole civiizedpwoild, Wiuid. fap.” Twill be noted ‘that sr: referred: to its lighting. power Jed against even though the re-| 8€M of the air and that this inflam- of their e! ee were married at the time ion. My he Goshen dome well of the Cen-} the Goshen dom : Full information regarding Wyoming Oils, New York Stocks, Liberty Bonds and other issues furnished upon request. Place your buying and sel‘ing 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. ’ Private Wires to Casper, Lusk, Chian, Rawlins, Denver OW’S THE TIME To Acquire Inside Acreage in the Proven Fields of Montana and Wyoming f the time to do things before the steadily- growing boom absorbs all opportunities. Now’s the time to get in right and secure your holdings: Now’s the time to get in touch with us. We handle none other than SECURITIES THAT STAND TEST OF INVESTIGATION, The Prudential Securities Company Stocks, Bonds, Oil Lands, Leases: 4th Floor, O. S. Bldg. Casper, Wyo. Now’s / THE UNIVERSAL CAR March 8, 1920, the Ford Motor Co.“advanced the prices of Ford cars because of the increased cost of production. No specific announcement was deemed necessar, at the time, but it has developed that misrepresentations and misquotations of these ad- vanced prices have been and are being given out. So to safeguard the public against the evils of misrepresentation, we herewith give the present prices: Runabout . $550 ®iee y Carnes Brokerage Co. system Touring Car $575 Coupe . . $750 Sei coshataes Ns | Sedan $875 Truck Chassis (With pneumatic tires and demountable rims $640) (These prices are all f£. 0. b. Detroit) Fordson Tractor $850.00 f. o. b. Dearborn, Mich. We will be pleased to receive your order, pledging the assurance of the best possible promptness in delivery. Earl C. Boyle 2258 to 237 North Center Street Phone’9 and Public Exchange E. E. CARNES and B. LESPERANCE, Props. Phone 1147-1345 Over Iris, Theater, Casper, Wyo. WE BUY AND SELL WYOMING OIL.STOCKS Leased wire with Miller & Work, Denver, Colorado SO lah ils a et We Have Orders to Sell We Have Orders to Buy 5000 American at 1%o 30 1000 Columbine at 34c sot take ese Den 5000 Hutton Lake at 2c 1000 Buck Creek at 68¢ 5000 Out West at 3 1-4 10000 Victor-Wyo. at market 2000 Riverton at 1c 3000 Domino at 1a 2000 Capitol Petroleum at 9c 1000, Roy & Prod. at 22c 1000 Mike Henry at 15 1-2 2000 5000 Glenhure .06 pales oe with dual electric starting and. lighting system and demountable rims--..-------~' $975 with solid tires and clincher rims ~ Lester Brokerage House Specializing in 3 NEW YORK 0 New Number, 114 S. Wolcott Phone 1142 t on Genuine Ford Parts