Casper Daily Tribune Newspaper, July 7, 1920, Page 4

PAGE FOUR cae We emma enprene am oe Today’s Markets by Wire: Furnished Daily by Taylor & & a Ground Floor, Oi! change Building, Lecal Oil Stocks. Amalgamated Royalty ‘Williams, EB. T. ~-_-. Western Exploration Wyo-Kans -- Wy-0-Tex 7|, Commenting on stock market condi- Atlas ‘tions, the Wollman Review, published asnekican New York Curb Stocks, [by W. J. Wollman & Co., members of Bist wyonie - = ‘os | Open. Close.|the New York Stock exchange, says: Bessemer -_---- 27 © 30| Midwest Refining _ $151.00! ‘‘Altho c.nditions in this country bid Burke Oil 2 .23| Midwest Common 2.00| fair to be more or Jess unsettled by the Bate Gk “s2| Midwest Preferred 2.00/Presidential campaign, the situation is pee Core : ‘o7| Merritt -_._. 16.25|not without its encouraging features. Sack aan ‘04 106 Glenrock Oil 2.50|The crop outlook is improving, and this peopel pes ‘32 igq|Cosden —__ 7.12; Should have a decided influence on our Consolidated Royalty 1.30 1,33} Okmulgee P. 62} living costs.” Wise etalwey tener Soars Nisin 9 as “20 | Elk Basin ~ 8.37 18 expected to take early action on the anuine 2 99 an | Set Creek Prod. Assn... 88.50 35.00| Wage question, and with this matter ppeatne) ‘oo |West. States O@ Land 50 ‘52 8djusted, the Interstate Commerce com- Eitan 1's) 2100| Pred. & Refiners, Com. 7.00 7.12/ mission will be in a position to make tena at th resaan oe "ot jits decision in regard to rate increases. CEES \ tog, New York Stock Exchange Stocks. “We do not believe that the process Hutte ee iaett Open. Close.jof readjustment, altho unsettling in Jupiter . 2 | Mexican Petroleum ..-.$194.75 $1.97.50 certain respects, can fail to have its ul Kinne 33 S| Texas Oil ___ '47.50| timate beneficial effects. For one thing, Lance C aq a nclair Oil . 2.75 it will check extravagance, both in pro. Lusk Royalty 10.12 S. Steel .94.87| duction and popular expenditures, and Lusk Petroleum ~ 05 06! Gan Money 7% | Will make for more conservative meth: Mountain & Gulf_ 95 1.00 ods generally. We feel that the liqui- Mike Henry 12 14] dation position of securities is some. Out West — 02 0331-28 ---$91.64| thing which should not be overlooked. Picardy 07 = 09 jist 4s $6.02] While the incentive for buying may ne Riverton Refining 07 .09}2nd 4s _ 56.00]lacking at the moment, we at least Royalty & Prod. Cort 18 19] e the assurance that the market is Sunset ~.-_- 13, 238 a condition to respond to any favor Tom Bell Royalt: .06 -08 | 3rd 41-48 able feature of importance.” Gates __- = 1.05 1.08 |4th 4148 _ Fey ER Wind River Refining — 03 04! Victory Loan Grass Creek $3.10 Rock Creek —__. ~$2.75 Torchlight -. 3.10 Salt Creek —_. - 2.75 Elk Basin 8.18 Big Muday = 2.75 Greybull — 3.10 Pilot Butte = 2.75| Lanoe - 8.05 Hamilton Dome - 2.50] Lander —---- 1.25 Mule Creek ______ = 2.05 | Total Corporation ‘Gon’ Stock Increased} MARKET GOSoIP AND FIELO NEWS AUMORS OF OIL MERGERS TALKED =: Consolidation of Mountain and Gulf With the El 2sin Company Unlikely but Boston-Wyoming Is Mentioned as Principal in Merger New York reports indicate that the contemplated merger of the} Mountain and Gulf Oil company with the Elk Basin Consolidated Pe- troleum company has fallen through, and that a new transaction with} Hawke a probable consolidation of the Boston-Wyoming Oil company with; the Mountain and Gulf company is to be worked out. companies are now in the east where they are reported to be consult- | New York terms w to dire ing with regarding submitted panies for These two companies hav is in the famous Salt Creek field, 45 miles| north of Casper, without serious’ cpn-| brokerage houses h are later to be} of both com- stors action. flict. Both expect favorable action from the governm' under the leasing law. The Mountain and If company claims a net of 503) acres while the holdings of the Boston- Wyoming company are of practically the same extent. Both companies have completed wells not yet producing but| which when released by the department} of interior should make not more than| 5,000 barrels dally. The Boston-Wyomine Oil company has outstanding $4,197,594 in stock of a par value of $1, while the Mountain and Gulf company has outstanding $1,- 650,000 of the ame par value. Boston-Wyoming was quoted 6n/ Tuesday bid, $1.06 asked, while Mountain and Gulf sold as high le at $1.03 and was quoted on the New York curb, wh it was intro- duced on Friday at 93 cents bid, $1.12 asked. | Lance Creek Rigs Removed. | Contract has been let for the remov-) of forty-eight rigs from the Lance Salt! al Creek oi] field to be s to the Creek oil field, north of Casper, Wyo.. and to other fields in the central part| of Wyoming. er of Casper, xpects to remove the rigs for the Midwest and Western States companies. These, with rigs of} the Ohio company which have been | some months, are to} the field to other/ standing idle for be removed from where they are more fields in Wyomi urgen ali Butte Operations. | Th ali Butte field, southeast of Riverton, in Fremont county, in which| the Inland Oi! & Refining company, a subsidiary of the Continental Oil com: a 10,000,000-foot gas well in ad in as developed sand,” will undergo consid las company the shallow ‘le development this summer; The former operating contract held by a} syndicate of Minneapolis bankers on} the holdings of the Cheno Oil company in the Alkali Butte field, have been turned over to the Myrim Oil company, a subsidiary of the Sun Oil company, and this concern has already started a deep test on the 800-acre Cheno tract in the northern part of the field. The] Midwest Retining company |.as acquirec operating contract, for which it is to have paid a bonus of $25,009 Midwest und Myrin company will jointly put down a test in the center of sec-} tion on the basis: of equal division of the cost. The Inland gassér is locat ed on the northwest one-quarter of the} northwest one-quarter of section 1-33-95.} has spudded in on an 400 yards east of the gas well on the same section. The In- we: 1e-quarter of section 36-84-95, one- fourth of a mile northwest of the gas-! Bt i another in the southwest one-} a cf the northeast one-quarter of 86 5 the northwest. The Me | Ee Oil ¢ any has a rig up and is about rea spud in the southwest one-quarter of the southeast one-quar:| te 4-95. The Petroleum | Pp. c tion is ready to spud a t one-quarter of sec: t a oon us a wel ompleted. ‘The which the Cheno Oil) production in} | ting a rig on the south-| Officers of both Emma Walters Oil company is drilling below 500 feet on section 7-33-94. The well started by the Wyoming Oil and Coal company on the southwest one quarter of section 19-24-94 is being taken | over by the Myrin company. ‘Thee |Cheno company has three wells in the Shannon sand at 900 feet on the north- ent on their lease claims, West of section 26-34-95 and the Scherer | Investment company has three shallow /| wells near the south line of this sec- tion. The Midwest-Myrin test to the wall creek, expected at 2,800 feet, is located between these producers, Midwest in Colorado. The Midwest Refining company has entered into a contract with the Crow. ley County Oil and Development com. pany to make a complete test for oil ob the Walker Hill structure in the south | the | Colo ern part of Lincoln ‘county and northern part of Crowley county, rado. The contract calls for drilling to be commenced in sixty da A new standard and will be on the ground in a few days. This will be the first test in that section of the state. Financial Situation Increased discount rates can hardly be expected to do more than check further borrowing, according to the Na- Uonal Bank of Commerce in New York,| jin its magazine ‘Commerce Month] as until the railroad situation improv John Bohiner, rig build-| 45 to permit prompt liquidation of com-} mercial and agricultural credit: “Dnring the period from } June 15,” the bank points out, “the money market has experienced con tinued tension which largely as a con sequence of the traffic situation, had |becoms pronounced duying the preced Ing_month._The_strain_on_credit facili Taylor & CASPER y 16 to New Exchange | Stocks 1.95 ments 2.95 | become 2.00 | future. rig has been ordered | & Chicago Grain Market Quotations LOCAL OILS Bought and Sold. | WE HANDLE LIBERTY BONDS ' Phone 203 and 204 ties has been reflected in a further, general advance in money rates. While some improvement of the traffic situa- tion, mainly potential rather than ac- ‘tual, has been accomplished, it has not proceeded sufficiently to release any jconsiderable part of the ceredit which .has been locked up, and traffic condi- {tions can be expected to improve only (slowly. Meanwhile the credit require- of a new crop movement will pressing in the not distant! —a | by $7,650,000 by New Concerns The | CHEYENNE, Wyo., July total of corporation stock the issuance | of which has been authorized by the | Wyoming law was increased $7,650,000 | jn one ae thru filings in the office of| tary of state by five oil con eeund one automobile accessory |conoern. Of the increase $6,600,000 is lrepresented by the oil concerns, The} {filings in the form of articles of incor | poration follow: | Shoshoni Royalty Oil and Holding company of Shoshoni, capital stock | $500,000, par value $1 per share, direc lcerns ltors Claude Allen, W. G. Wey, M. Pace, V. L. Preston, R. G. Mathew law. L. Whitman, R.’S, Linn, William Lyon and B. R. Talbot. 4 Oil company of Lusk, capi stock $800,000, par value $1 per share, directors R. W. Sayre, W. M. Sayre and M. F. DeBolt. Penn Petroleum |pany of Delaware, | 000,000, par value $1 per share direc | tors George H. Martin, F, R. Han- jecll and S. C. Seymour, Wyoming office tal fining com. stock, $1,-| and F capital a and agent in charge thereof William J. Dixon. ] Royalty company of Newcastle, | $500,000, par value $1 per re, dire tors C. C. Kirkpatrick, Johp Mead, N. B. Wells, Roy R. Randall, Faulkner, J. M. Cornelson, David kler, I. Smith and John 'W. | Mor | Wyoming Accessories company | ce pital stock $50,000, par vz share, directors A, E. Stirrett. . Nichols and . Wagner. Larkawanna Oil Shale Products ertification of increase ot | its capital stock from $1,000,000 to 85,- | 000,000. a ag | Why He Did K. P. At one of the western camps a rookie 1 been made the victim of so much ing that he had long since given up the idea of taking any statements One night while on guard a | loomed out of the darkness. challenged the pre- | replied the figure. cy t you, Mose. Advance jane he Ten Commandments.”— The n Legion Weekly, GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Primts Explorations Reperts Wyoming Map & Blue Print Co. P.O. Box 325. Rm. 10, Lyric i | | ‘ Clay, in Inc. | York "Tester Brokerage House Specializing -in NEW YORK OIL | New Number, 1 14 S. Wolcott water, | Phone 1142 UIL INCREASE Rocky Mountain Region Now| Producing at Rate of 16 Million Barrels Annually Production of erude atl in the Rocky This truck tire bridges the gap between Solids and Pneu- matics, and, we believe, an- swers the problem of more truck users in more lines of business than any other heavy-duty truck tire built. It combines great fesiliency with long only slightly higher than that of Solid Tires of equal rated size. Its truck-mile cost and tire- mile cost is much solid equipment. Note the contour of the cross Firestone Cushion Tires in all sizes from 32x3 to 40x14 Daily Cribune PRODUCTION OF a TTR ~RBRESB At mn than yoming ontana, is now run we at the rate of approximately 16, | 609; 000 barrels a year ag compared with 4,000 barrels for last year, accord- tee to the United States bureau of mines figures for April. The district) | produced 1,819,000 barrels in April, an} everage of 43,966 barrels @ day, which 1,303,000 barrels, or # daily aver. | age of 43,432 barrels Js credited to Wyo- decrease of 18,000 barrels In Wyoming in April as compared with March, The total production for the entire country for April was 36,349,000 bar- rels, or @ daily average of 1,211,833, The | total production for the four months) was 140,002,000 barrels, or a daily average of 1,157,041 barrels. The stocks | jfor the country at the end of Apri)/ |showed a decrease of 724,000 barrels aa| |ming. ‘The total for the first four | Compared with the stocks at the end of! |months of 1920 was 5,014,600 barrels, | #@"°h- or a daily, average of 41,483 for the dis | j trict, as compared with 4,502,000 bar- | 24 HOURS, ae) Bewareot erfe ————>——— Asbestos is feathery ss eider-down,| | Asbestos Chimney Blocks rels in the first four. months of 1919./and can be spun or woven. An ounco! fective fiues $1180 per foo y sdain moe |Colorado and Montana were credited| hax been spun into a string more ered Phone 693-F -FRE! Dea Te with 8,000 barrels each, There was a'a hundred pt Jong. section—the extra amount of rubber, width of tread. This gives broader road contact, more effective traction, great- er cushioning to the load and longer life for tire and truck. No wheel changes necessary. No change of gear ratio re- quired. Fits any S.A.E. Base. Can be applied to any stand- ard truck wheel without delay and without additional expense. Complies with high- way laws—municipal, state or federal. The -Cushion Tire is Firestone’s answer to the ma- jority of truck needs today. mileage. At acost in most instances lower even than There are Firestone Tonal: Tire Service Stations in every trucking center of the United ‘States Ear 125-137 North Center Street—~ Cc. Boyvyie Wyoming Distributor Phone 9 +