Casper Daily Tribune Newspaper, August 10, 1920, Page 5

Today’s Markets by Wire : Furnished Daily by T: & Clay, Ground Floor, Oil Exchange 7 , Casper, Wyoming LOCAL OIL STOCKS \Wyo-Tex --_.-__-_.__..___ 04 .06 dent, and Charles N. Kimball is seer ‘oleum Ean Sa Suggests Remc-| from motor fuel or the problem will not Bid. Ask. | Western Oil Ficlds_-- 19 20 tary. T. K. Bishop, of Basin, is tne Petr The | be sdivea j Amalgamated Royalty __-$ 23 $ 24|¥ Oil --------_. ----- 09 .10) Wyoming agent. Durham is treasure dies to Meet Threatening Thind_-The of industry must be! NEW’ GSE of the Wyoming Gas Co. and Bishop’ Bali | more efficient and must get more ras- be Lisi * a Dae Open. epee |is manager, It js understdod that tie Situation oline from each barrel of crude.” # 01 . “| wy. Gas Co. and the M ' ne Maur Tae ee eae ff 95 Midwest Refining $146.00 $148.00 ean: Gnesi Spee Pry NEW. YORE, eve 10-—That | the’ g °| ; “pe Blidwest Common 1.25 2.00 . Z Inited tes reatened with a set- 25 28 Stiawest pref, — - 1.00 3.00 ened ee est igi |ious shortage of gasoline, kerosene and | Road Bulletin 400 At; 11.50 12.00 qe ome field to the refinecies 4,|ctude olf unless measures are taken|4 oo Bight 2.87| Greybull 1 |immediately by the government and 18 OMG Oe Te all persons concerned to meet the sit- State Highway Department, Office of) 05 25 37| phe refinery of the Imperial on,|U8tion is the warning issued yesterday, — District Engineer.” OL ~ 650 6.75 tq at Tresind, Same werial O'l. by R. L. Welch, general secretary and| Salt Creek Road—Reported fair; ea ad Salt Creek 27.00 29.00] snerates on Weomlun ernee mow nay counsel of the American Petroleum In-|cent rains drying fast, but fave made 35 37% | Western States "37 IE pak sapeteiee a Pe re ROW 123] stitute, of which the leading petroleum! road heavy jn places; roug! thru oil 4 “16 Prod. & Refrs. y---- 5.25 5.50) NY CAPACItY Of 2,500 barrels a day.) oaueers and manufacturers of this fislds; then good to excellent to Sher!- Consolidated Royalty -. 1.31 1.34 EP wicks, TY gag 2.00 country are members, ne Domino ---.... 08 wieee Service Com_---- 269.00 274.00! ne ee & Fersis: reid, LW Mr. Welch’s statement was address-| Yellowstone Highway, west—New! Bikhers | <--_- O NEW KORK STOCKS hareate ajienia Ae 2b} pc led to 5,000 members of the Society of; grading first ten miles, then generally E. T. William: 1.338 Sate thr ne ers Held, in Carbon) 4) tomotive Engineers, |good to near Moneta; then rough to. . Te s Open. Close.jcounty, thru the purchase of the hold- Shoshoni; then good to Riverton; then 1-20'Mexican Petroleum ----$154.00 $154.00 pings of the Roberts Petroleum, Co. pete alee thee Moret ee ae ‘ 3g Sinclair ou 24.60 25.00/'These holdings are checkerboarded| not Pe enough motor, the engineers co-| Yellowstone Mighway, cast—Fair to! Texas Oil - 42.00 42.00 with the Producers & Refiners acre- 5 | cle: : ged ‘08! bs - . 5 joperate to conserve gasoline.” As one |Glenrock; then good to Douglas; re- Fam eRe ela Se. agendas sagem awe on uere camer Bice gts field.| of the measures to accomplish this he| ported generally good to Cheyenne. Jupiter —.—.. = 2 a 7 CR BAe eee 116.60 116.00|who organized the Robats Petroents|susgested the building of engines*thar| Recent heavy rains will leave roads 7 ea yf a anions Lawee ey \o., was formerly scout, with che eum | would require less expenditure of fucl in better condition after dragging; dry Lance Creek Royalty... .07 91 FOREIGN EXCHANGE Acer Pattorsin: Gouna ma return to) and give greater service. jing fast; few heavy places, some slip Lusk Royalty... 14 ‘ap Sterling = eGR tae Olda., to meade, The remedy for the present _fuel_pery. Lusk Petroleum 08 yapice port Mike Henry. ‘ ‘4985 Standard in Colorado. We 1985 Wi HH Mountain & Gulf The Richmond Petroleum Co., a sub- it HTT sidiary of the Standard Oil Co., of Cali- fornia, which has been. carrying on 07) 3%8 .09 | First 4s 17-19 Secona 4s 07 .08|First 44s 03 .04/Second 4\%s _ ~ 84. 03 04|/Third 448 __ - 88.48 ‘Western Exploration ---... 2.15 2,830 Fourth 4%s - == 1.90 2.10) Victory 4%6 WYOMING CRUDE OIL MARKET. ~---~-----~----$3.10 ) Rock Creek ~~~. <o----------- 3.10 /Salt Creek ---. 3.10|Big Muddy $.10| Pilot Butte Lance Creek ~-----_---_-_.--.---_ 3.05!Hamilton Dome Lander -------...-_*____._________ 1.75Mule Creek -~---.. macnencnanne 3.05 IYALTIEG FROM STATE SCHOOL LAND BRINGS $128,000 MONTHLY uge Sum Now Flowing into Permanent Funds, with! Majority Realized from Single Section of Rich Land Operated by Midwest in Salt Creek Field More than $125,000 a month is now flowing into the perma- nent school funds of the state of Wyoming from oil royalties, according to reports from the state capital. This amount was turned over last month by State Land Commissioner A. Baker to State Treasurer Hoskins to be placed to the credit of the permanent schoo] and university fund. This huge sum is divided in the pro- more money in a given time than any portion of about four to,one, the, com-|other well in the history of the petro- mon schools getting ‘approximately | leum industry. $100,000 and the university $25,000. The well came in unexpectedly on For the month of May, 1920, the state | June 20, blowing itself in from a deptth common school fund was enriched by|of 2,785 feet, and it has since been its Salt Creek lease in the sum of $82,-| flowing at the rate of more than 20,- 009.58. From this same section the| 000 barrels a day. On Augusts 1, it state received in December, 1918, the! gauged 27,500 barrels. slast month of the democratic adminis-| As the price of Gulf Coast crude pe- or a dif) troleum at the well is $3 a barrel, this jgusher to date has brought to the sur- | tration, the sum of $7 156.21, ference of / $75,844.37 to the credit of | the present administration. It is con-|fitce more than $1,000,000 worth of oil | fidently expected by the state land|for the Texas company. However, this | office that this one section of land will|/dces not nearly represent its true be bringing to the state of Wyoming! value to the company. As this oil tests | before the end of the current year|approximately 30 degrees on the | $100,000 per month. The oil from this| Baume scale, it is,of the very best | section, of which the state. gets one-| grade of crude for lubricating oil and} third, brings $2.75 per barrel. will run as high as 50 per cent motor There ts another piece of ground thr | oi] without having to go thru either a is showing up very largely at the pres-| filtering or pressing process. ent time. It is an eighty-acre tract in| ‘The West Columbia has been one of| the Rock Creek oil field. The well is| the major producing fields in the Gult| completed on this field and last month Coast country for the last two years, this well brought to the'state $12,-land for that reason there was ample| 192.50. This is well No. 2. Well No. 1/ pipe line and storage facilities for tak- will be deepened and three more are|ing care of the tremendous output from | the well. The oil was handled thru three 4-inch take-up lines running to earthen and sttcel storage in the field, and one 6-inch pipe line to Damon to be drilled by the first of January, when it is confidently expected that the the return to state from the Rock \Creek field will be not Jess than $50,000 per month. In any calculation relating to state oil, royalties, it must be remembered by citizens that the principal sum goes! into permanent funds. Oniy the inter- est from these funds can be used for the annual purposes of the institutions benefited. The state treasurer loans the permanent funds on high-grade se- curities such as government, state, county and school district bonds, and the average return to the state is ap- proximately 5 per cent. Just ‘at the! present time he is buying no securities : bearing a lesser rate than 6 per cto| but, of course, this is not expected to continue for a long term of years. Pos-! sibly within a score of years the reve-| nues derived from these by the com- mon schools of the state will be suffi-, cient to maintain the schools without the levy of any tax therefor. It is also | anticipated that the university. reve-| nues will mount into a tremendous en- dowment for that ifMstitution, the inter-| est from which will make it almost self-sustaining. | When it is considered that less than; 1 per cent/of the school and university! lands owned by the state have been de-! veloped for oil, the amount of revenue secured Yo far makes the outlook for} these endowment funds for the future} encouraging. | HOLMES PHON SECOND A Treasury Certificate Issue. The treasury department Monday): announced a $150,000,000 issue of 6 per cent treasury certificates, dated Aug- ust 16. They will be exempt from all present or future incomes, excess and war profits and inheritance taxes. | Rock River Loading Record. CASPER ship channel. hb | iz with an authorized capitalization) of 5,000 shares, par $100. jham, of Sistersville, last fall. HOLMES HARDWARE @ lound earthen storage and one 8- inch pipe line running to the Houston Miswest Company The Midwest-Wyoming Gas Co. ha» heen incorporated under the laws or E. A. Dur- W. Va., is pres. some exploration work in western Colo- rado for the past year, has opened an office at Grand Junction from which it will handle its Colorado and New Mexico field operations. In addition to a deep test drilling in the Rangely field, it is preparing to drill near Chama, New Mexico. P. & R. Franchise Extended The city council of Riverton has ex tended the Producers & Refiners gas franchise following a statement that if this was not done the company would! withdraw from Riverton and place its improvements elsewhere. @. Chat teron, an attorney, asked that action{ be postponed until he could present a proposition from another com The Producers & Refiners proposes pipe gas from the Big Sand Dra ‘other company, whose identi not disclosed, is supposed to have hac in view a plam to pipe gas from the Alkali Butte .:eld where a Continen|, Oil Co. subsidiary recently ‘completed a big gas well. Elkhorn to Be Cemented. . bureau of mines, working ion with the Midwest Refin- is about ready to cement Elkhorn Oil company on section. 4-33-76, Big Muddy field. This well was the big dividend payer of the Elkhorn company and went to water It was at first thought that the water had come from the bottom ef the sand and an effort was made to plug back the hole. ‘The absence of full data on other wells has made it difficult to locate the source of the water, but chemical analysjs now indi- cates that it is top water coming in from above the sand. The indications are favorable for shutting off this wa- jter and ngain malin iti big pro- |ducer. The bureau is also co-opeyating WARNS AGAINST Che “dl asper Daily Cribune ortage,"’ Mr. Welch said, ‘“‘lies in tho; followin; “First—The government of the) 10) mited States must co-operate with the! ‘ou business and with the automotive OIL OnDATAGE industry at home and abroad if the |gasoline problem is to be solved. “Second—The greatest possible fn jciency must be gottem by the autom: jtive industry and. by the Sayles in shutting off the water in the Smith {well of the Merritt Oil corporation, near the center of section 3-33-26. PROSPECTORS’ LEASES ISOUED BY THE STATE Neil J. Evans, Chadron, Neb., W% jof 34-51-66, Kasoming Oil Co., Cheyenne, Wyo., all of 36-26-89. W. K. Poulson, Upton, Wyo., ali of | 36-46. rant Taggart, Cowley, Wyo., all of 36-58-97. W. O. Anderson, Cowley, Wyo., all ,of 36-58-96. M. Deschanel, president of the} French republic, was born on the 13th,! married on the 13th and it was on the| a that the Chamber of fared him a candidate for Sportsmen We are ready for you with a full line of Guns and Ammunition Guns for Rent 70 HOMES E 60l ND WOLCO: AuUrC 2PL All records were broken Sunday «in the loading of crude oil at Rock River, twenty-nine cars being loaded for the 4 west. Four cars were loaded at Fort! Steele and three cars of crude oil were received from Casper for the Midwest} refinery at Laramie. | Biggest Well in Country Probably the most valuable oil w: in the United States is that of the ‘Texas company ,at West Columbia, fifty-five miles southwest of Houston, Texas. Its output has "been worth Lester Brokerage House NEW YORK OIL New Number, 114 S. Wolcott Phone 1142 A AR Hl wl CASPER, WYO. z Prices— Up or Down? High prices for livestock in- crease the producer’s income. Low prices decrease it and even result in losses. Similarly, high prices for meat increase con- sumer’s expenses, But Swift & Company middleman does not bench | by high or low prices.*Our income’ depends not on a high level of prices or a low level, but rather on the margin between the live- stock price and the meat and by-products price. The company’s only concern, in whether prices should be high or low, is that they should be high enough to satisfy pro- ducers and low enough to please consumers; but over the move- ment of these prices Swift & Company has no control. Swift & Company is compelled by competition to pay high enough prices for livestock to secure an adequate supply. ‘We must sel] meat at a price low enough to make it move. We endeavor also, between the two prices, to secure a margin large enough to pay all expenses and yield a fair profit. Our profit for 1919 averaged less than two cents on each dollar of sales, or 6% per cent on money invested. nnn ILL Taylor & Clay (Incorporated) Local Oils New York Stocks and Bonds Fone 203 and 204 DENVER, COLO. Co-operation “The First Principle of Success” All Union Men and Women, your Friends and Families are requested to be CONSISTENT, PATRONIZE HOME INDUSTRY and demand the NION LABEL on all commo- dities you purchase whenever possible. ; is The following BUSINESS INTEREST of our city solicit the support of ORGANIZED LABOR and are recommended by the Casper Trades Assembl AMUSEMENTS C THEATER, 119 So. Center St. IYRIG BILETARD, PARLOR: 115, So. Center St HENNING BILLIARD PARLOR, Basement He TAIT’S BILLIARD PARLOR, 14 UNION BILLIARD PARLOR, 138 AUTO TIRES, ACCESSORIES AND REPAIRING Ll UM GARAGE co., BE. Linden St. CREEPER, MOT Co., 143° W. Second St. BOYLES’ GARAGE, ‘gsi. 37 N. Center St. AUTO TOP MANUFACTURERS JNO, M. WHISENHUNT & CO., Third and Pine Sts. AUTO ACCESSORIES AND REPAIRING UBBER CO., 119 BE. First St. Ph EAC WARREN € CO. Flrst aid Wolcott Phone ¢ CASPE LY CO! Center & Linden S Of: CITY AUTO SUPPLY, H. Second Ste . ART GOODS AND PICTURES CASPER STATIONERY CO. 144 EB. Second St. BATTERY SERVICE 143 W. Second St. BOOTS AND SHOES | THE BOOTERY, Fourth Floor 0. & S. Bldg. GLOBE SHOE CO., 134 So. Center St. BILLL Phone 79-J. THE Phone 218. CASPER MOTOR CO,, 143 W. Second St. ............0e000005 Phone 909. +. Phone 56 + Phone 6 BENNING SELISARD PARLOR, pastrapnt Henning motel +++ Phoae 619. So: Center 3 ° LYRIC BILLIARD PARLOR, TAIT’S BILLIARD PARLOR, UNION BILLIARD PARLOR, . Center Sti”? Center St.”. E Second St."! (yBAKERIE S OIL CENTER BAK S CASPER STEAM BAKE Mbtz's HOME BARBI, ‘tos ‘So. Durbin St. CAFES - Second St in CASPER CAPE, MORGAN ATE Ae AMERICAN CARE, 148 So. Center 8! HATTAN CAFE, 140 So. Center St Wairis HOUSE CAFE, 124 No. Center St CHIROPRACTORS HAHN, Room Townsend Bldg. «+a Phoned i. & AG. aes aly Bide. «++ Phone 70) CLOTHING AND GENTS’ [FURNISHINGS BARNETT OUTFITTING CO CAMPBELL-JOHNSON CO., 12 Phone t 2 + Phone 34 + Ph 7 DR. BUG. DRS. J. E - Phone co., Bo, Center 164 So. Center 8 & CUNNINGHAM ©O. WEBEL COMMERCIAL CO., 8 St. Phone 10: Phone 7 ton-i0s es i) Phone 14. CIGARS AND CONFECTIONERIES ST, 126 So, Center St. : Phone 1 A a Center 48 E. Second Si TH LITTLE BRICK, laa, So. Center St. CREAMERIES AND DAIRIES CASPER DAIRY & ICE CREAM CO., P. O. Box 93 DRUGGISTS KIMBALL DRUG CO, 114 So. Center St. CASPER PHARMACY, Rohrbaugh Bldis JNO. TRIPENY CO., 143 So. Center St... "DEPARTMENT STORES RICHARDS & CUNNINGHAM, 107 So. Center Si WEBEL COMMERCIAL CO., ‘103-105 'B. Second DRY SOODS THE RICHARDS & CUNNINGHAM © WEBEL COMMERCIAL CO. KASSIS DRY GOODS Go., 12 THE LEADER, 146 E. Second St. * Phone ELECTRIC WIRING, CONTRACTING AND SUPPLIES THE AMERICAN ELECTRIC C O., 112 B. Third st Phone 1080. ELECTRIC SUPPLY & CONSTRUCTION CO, 109 is. rst St., Phone 483-W. FLORISTS Phone - Phone 471. hone hone 18: Phone 99, Phone 7. + Phones 13 - 14, + Phone 7 . Phone 14. CASPER FLORAL CO, 406 So. Center St. oi... ..eccceeeeeeee Phone 872. FURNITURE DEALERS CHAMBERLIN FURNITURD CQ., Second & David Sts. ...... Phone 246, FARM MACHINERY NICOLAYSEN LUMBER CO., 108 E, First St. ............05 - Phone 62. FILING CABINETS—STEEL THE CASPER STATIONERY CO., 144 EB. Second St. GROCERS ANDERSON CASH GROCERY, 627 EB. Second St. BUNGALOW GROCERY « MARKET, 42 CASPER STORAGE ¢ 118 E. Second St. CASPER COMMBRE! TAL & 0., Hohrbau ch NATRON Se eS NTILE CoO, BE, RALSTON & KITTLE, Office) SHIKANY’S CASH Sil SQUARE DEAL GROC WHITE'S GROCERY Co., + Phone 218, - Phone 1125-W. + Phon| + Phone + Phones 19 - 11, + Phone 842. Phone 1039, + PhOne 903, Phone . Phone 505, Y, 114 Cobb 115 BE. St. Second 8: ++ Phone 64-W. ++ Phone 601, - Phone 14. - Phone 11 Phone 7. + Phone 246, a COL COMA IAL Ci ae COMMERCIAL Cc THE RICHARDS & CU! SHAFFER-GAY CO., 136 HARNESS ‘AND SADDLES M. WHISENHUN' ICE CREAM MANUFACTURERS | CASPER DAIRY & ICE CREAM CO., P.O. Bo LUKIS CANDY CO., 148 EB. Second St. )......, INSURANCE __ JNO. Phone 79-J, + Phone 471, SEE B: REALTY CO,, 134 W. First (| SS «. .» Phone -W HARRY FREE The Lot’ Man, 157 So. Center ‘St, : Phone 968-W. JEWELERS = L. . 132 No. Center St. Phone 169, 4114, 151 So. Center § an 3 HARMACY, Rohrbaugh Bide, Phone LADIES’ READY-TO-WEAR APPAREL Casi 180. BLAKBY & CO, Henning Annex, . Phone THE LEADER, ‘146. Second Phone 37 KASSIS DRY GOODS CO., : Phone 1088-w. LAUNDRIES CASPER LAUNDRY CO, 133 B. Linden St. .................. Phone 2 LUMBER AND COAL rH LE MBER CO. af K F ingt = Pavia Sts. NICOLAYS! oO. L. WALKER WU apisr Gon Phone CASPER STORAGE GROC CASPER COMMERCIAL BU: INGATOW | OCEE By 118 1. Secon re St. Rohrbaug 4 : Phone Phone Phone Phone Phone Phone MA. SQUAT DAL ‘Ghocenty, sai Tita MARTZ HAT SHOP, 144 No. Center § THE LEADER, 146 'E. Second St. . KASSIS DRY GOODS, 122 So, Cente’ MUSIC HOUSES RICHTER NE ‘SIC CO., No. Center Sf. ............ Ms NEWS, MAGAZINES AND STATIONERY THE CASPER STATIONERY CO., 114 B. Second St. . - Phone 2 McDONALD'S CIGAR STORK, . Center St Phone 8 C WEST CIGAR STOII, 186'So. Center St Phone 1 INO. TRIPENY CO,, 145 ‘So. Center St 7 LITTLE BRICK STORE, 145 So. Center St OIL WELL SUPPLIES ne i i Phone Phone Phone Phone CASPER SUPPLY CO., Center & Linden Sts, - Phone 913. WEBEL COMMERCIAL CO., 103-105 1. Second ‘St. ; :; Phone 14. OPTICIANS Ww. G. PERRET S, ae WY Hotel Bla Phone 682-W, R. Ll. EVANS. nter St > Phone 169.” W. A. TRENZHE. 180 So 'Centee Sc Ronen ey OFFICE SUPPLIES. THE CASPER STATIONERY CO, 144 ¥. Second St. Phone 218 REAL ESTATE AND INSURANCE SKE BEN REALTY CO., 134 W. First St + Phone 74-W. HAEKRY FREE The Lot Man, 157 So. Center St. SHOE REPAIRING ALR RE: + Phone 968-w. NATRONA SHOE ia REP First & center Sts. KEYSER & SU VAN, First Wolcott st Phone 701-W. GLOBE SHOE Go. 134 So, © Acie Phone 64-J. TYPEWRITERS AND UPPLIES THE CASPER TAILOE: RY CO.. 144 KE. Second St. ....... Phone 218. TAILORS, CLEANERS AND DYERS TIM H ts FRANK CAN CASPER CUEN & CO., 125 No. Center St R. 131 So. Center St. RS & DYBRS, 121 b. Linde UNDERTAKERS » 136 B. Second St +» Phone 255-J. SHAFFER-GAY CO,, + Phone 346. L. G Murphy Co., ruit’ Market, S. Center S. St Wolcott 1