Casper Daily Tribune Newspaper, August 25, 1920, Page 4

: Today’ s Markets by Wire : Faraiched T raylor & C , Ground Floor, Of Daily by Tay! meal yoming |field develop as expected. It will prob- ably be d@ibled in size within the next year. LOCAL OIL STOCKS 03 05 | Rid. Ask. Amalgamated Royalty ---$ .14 $ .16 Atlas —---.—--—. —= 08 04 American -------—---—-—-— 0% .01 Reston-Wyoming - Bessemer ~ +09 11 NEW YORK CURB CLOSING Big Indian 40 14,50 16.25 ),ciency, of extraction. filed their articles in Wyoming during . Buck Creek Bis 2.25 2.37 | ¢@——_______ _________9| the first seven od of 4930 as com: oie, E 7.25 7.50 B ull 5 pared with 195 god domestic}: . pad eae ag 32.00 33.60] | Road ein cotipaniee “oat tot $20,362,000 = ars ‘ i Vt 919 ani com-| Casper Ranger 01 a7, in. the entire year of 1919 and. ¥ 2 Capitol Pete e718 6.26 ‘a gas volume of 2,500,000 feet and the ? 'dafly production is expected to be in | the neighborhood of 3,000 ot 6,000 gal- lons of high gravity gasoline per day. 20 22 jamined and tested by expert engineers Stath tics. com, Midwest Refg. Aspe Pair representing some of the large Callfor-| sews: s Ma ibetatetenieenl ap 2.09|1a oll companies, and pronounced as nf 3e: 20] gna apes TI. "Ts0 3100 |9Perating with an unusually high effi-| \uthorized capitalization of $96,827,000 = Provisions have been made in the de ,sign of the plant for rapid exparsion, ‘should the ‘production of Rock Creek another, plant in California which is said to be the most efficient plant in that state. It has recently been ex- Wyoming News shows that 1- vy Wyoming Oil domestic and for- eign corporations with an aggregate [mae 3 agaregate ~ eh theirc% the first stvon a pared with 44 ith an aggregate ‘capi-;$470,00 tal of $85,522, 000 for ‘the entife year of|armistice, Inepeporatianasae cit ee gas 1919, and 38 foreign companies with companies have involv upen- capital’ of $14,127,000 for|dous sum of $5,464,431,200. e total |e aggregate the year of 1918. The Armstrong Company has built! First Seven Months of 1920 Wit- pebaa New ness 147 New Concerns in ports the panies with a combined capital of $76,- 8.37 8.62 |State Highway Department—OMice of| 720,000 for the entire year of 1918. sek ae 29 1.81| Okmulgee - 25 50] District Engineer: ‘Thirteen domestic oi! companies with Consolidated, 10. da |Allen’ t82-/ ~ 1.42. 1.87] Salt Creek Road—Good, except where! an aggregate authorized capital of $6,- teh Ser 07.10 | Cities Service Com. -_... 292.00 294,00|new construction; rough through oil] 410,000 were incornorated in Wyotning 09 410 1,13 1.17) » Open. Close. 1.35 1.45) Mexican Petroleum ----$162.25 $160.75 Elkhorn NEW YORK STOCKS Gates - 87 (Sinclair Oil -. 27.87 27.78 Great Western Petroleum. 8 'Texas Oil —W. 42.75 © 47.37 G. W. Pete 5 -08/Pan American Pete... 88.00 87.75 Jutton: Lake — .02 | ju. 8. § --. § 89.87 89.25 Jupiter .. 204} Union Pacific R. R.--- 119.00 118.62 Lance Creek Roy AL i Scingey 30 32 FOREIGN EXCHANGE Lusk R 15 , Lusk Petroleu 04 Mike Henry - 08% |* Mountain & Gul - 1.05 1,07 Northwest. -. 21 25 Outwest -. Picardy --- Faverton Refg. x Royalty & Produce 19 21 ]1st 44's 07 —-.09}ond 4’s ~ 02 04] 2nd 4%’s 2.30 2.40/3rd 4%'s 02 08 /4th 4%4’s 1.95 | Victory 4% Cones SAN aS PLoS Siac SD Ceara aaoe em ae a es WYOMING CRUDE OIL MARKET. Tom Bell Western E: Wind River Refining. Wyo-Kans Grass Creek $3.10) Rock Creek Torchlight 3.10} Salt Creek Elk Basin 0} Big Muddy Greybull — 3.10] Pilot Butte Lance Creek 3.05 'Hamilton Dome -.. Lander ----.---.-------___.___---. 1.15Mule Creek -. MARKET gS AND EL NeW GOAL 1S ‘STRUCK’ NEAR SHOSHONI Drilling for Oil Results in Discovery of Two Rich Veins| | to Be Developed on Burlington; Victor- Wyoming to Start Test Well Drilling for oil in the Shoshoni (Wyo.) region has re- sulted in the discovery of two valuable deposits of coal which will be developed as soon as organizations can be effected and equipment secured. The Howe well, drilling six miles northeast of Shoshoni, passed thru_a12-foot coal vein of exceptionally high grade and Lincoln, Nebr., interests have incorporated to develop the property under the name of {a depth of 2,090 feet. This well is on the Wyoming Coal, Oil. and Refining | section 22-47-101 and is near the scene company. E. Schaaf is president,|/of the recent fatal accident, in which H. A. Side secretary, and 8, -A.|three men were asphyxiated in the Buf- Dowling, surer, Other directors{falo Basin district, Tne Midwest has are Henry B. Brown, O, H. Elliott; F. M. McElrath, and Roy E. Steffen. , The second coal “strike was made jt MEGTSEM OS on the Nels Sidenbender land, half a mile east of the defosit located by the Wyoming Coal, Oil & Refining com- eal and eastern capital will ON OHIO PROPERTY KT ROCK CREEK READY SOON develop this deposit, which The gasoline plant which the Arm- indicated that the chances for a pro- ducer are good. or “to many grades being mar- central Wyoming. Both loca- re near the Burlington railroad, olving the transportation prob- Location Made for New Test. Tha Victor-Wyoming Oil company, with headquarters at Casper, has made ngements to drill on section 14-33- southeast of Shoshoni, Wyo., be- Ohio's test on the Horseshoe | and the Midwest wildcat on krat. <A rig will be ‘moved to ion immediately, On the Horseshoe dome the Ohio company is down over 600 feet with a second well after abandoning its first fest on account of a crooked, hole. 1 The Minnesota-Western, drilling in the same region, is still held up by a fishing job at about 2,200 feet. Sunshine Basin Well Near Sand. strong Co,, of Los Angeles, is building on the’ property of the Ohio Oil Co.) in the Rock Creek field, is approaching completion and is expected to be in op- eration shortly. The Armstrong com- pany uses its own low pressure ab- sorption process which it claims at- tains the righest efficiency of gasoline extraction commercially possible. The operation of the plant is practically au- tomatic. One especially important | improve- ment in gasoline plant operation work- ed gut by this company has been the entire elimination of the use of steam for distillation purposes. Where cold weather or a poor quality of water sup- ply is encountered, the ,elimination of The Midwest Refining company well in the Sunshine Basin district near Cody, is nearing the pay sand at _ boilers saves no end of trouble. _The plant at Rock Creek will handle is ma rae of Syncopation, just Morrison’s Celebrated Orchestra returned from their engage- ment with the Columbia Phonograph Company. DIME DANCE EVERYBODY WELCOME DREAMLAND PAVILION EE A Lester Brokerage House NEW YORK’ OIL New Number, 114 S. Wolcott Phone 1142 fields; then good to Sheridan. . Yellowstone Highway, west—Gener-| ies with an Lander. Yellowstone Highway, construction; generally good to Cheyenne. this year. 8 o'clock, between boy on bicycle and 1067-W. in. July as compared with 14 compan- ¢ capitalization of ally good to Moneta, except where new| $16,550,000 incorporated in July, 1919. construction; then rough to Shoshoni;| Seven foreign companies with an aggre- then good to Riverton; then fair to) gate capitalization of $3,450,000 filed their articles in Juty, bringing the ng- east—Very | zregate of domestic and foreign carpo- good to Dougias, except rough through | rations for the month up to $2,8°0,000. Big Muddy oil fields and where new|A smaller number of companies were god to Lusk; reported! incorporated in July than any month During the first seven months of TOO LATE TO CLASSIFY. { 2020, there were 113 Jorestic com- panies with an agecregete capital of WANTED—Will anyone who witnessed | $71,301,000 incorporated in Wyoming. the accident that occurred on Second | rpig compares with 151 domestic com- and Durbin streets Monday morning at| anies capitalized for $12,820,000 for the entire year of 1919 and 142 with an aute~ confer with W, Werner, Sanat ‘aggregate caphial of $02,693,009 for the MEN ONLY! eiglidaicis MEDICAL INSTITUTE FREE—Consultation, Examination—FREE Charges so low as to be within the reach of evem the poorest, an@ payments arranged to suit your convenience. Consultation free. Hours, 9 a. m. te 8 p. m5 Susdays, 19 &. mm, to Lp me DenverMedical Institute= * The Independent Torpedo Company Manufacturers of Nitro-Glycerine, Oil Well Torpedoes Office—Henning Hotel, Phone 45 Residence—142 N. Park, Phone 1177-R article PRE RN TNE rrr nnn nnn Sick and No Pay Ever think of such a thing when you go along with the throttle of: your pocketbook wide open? ‘Open a savings account with a part of your pay twice a month, To do this you won’t have to go without a single thing you are used to. : Save here at 4 per cent interest and you make this bank your friend. Wyoming National Bank Casper, Wyoming irty-four foreicn, companies, with boo “capital, jeles, in Wyoming during York Journal of Commerce mmcdes ocala of oil com- “A Bweet- Running Motor,” will be the subject of the nert Ci BF corporated in in July with 4100,-| o or more, for the entire 5h 3 2 country at $116,841,000. 3 Olga knnann aps In July, 1919, the amount ‘sine $536,- 215,000, showing a decrease nearly | | momths of this year’ com-|21 shor a si oe abe 1918. of all shipping and chemical companies for the same time is less than $1,000,- Ra cici A considerable portion of the. Office Speed and x Protection. . ‘A busy Eastern manufacturer dictated a telegram . for ‘1,200 pounds of brass rods to a Michigan foundry. , gq. Heyconducts a modern office, and so makes three carbon copies of each telegram; one for the tele- — graph company, one to send the manufacturer for confirmation, anne the third he keeps for his files. Later in the diy io in looking through the basket on ‘ his ak he found a telegram calling for 12,000, pounds of brass rods.) @ Thecarbon copy ce him a tremendous Joss, not alone because he didn’t need so many brass rods, but iain’ the brass market soon took a big co q Your teh: paper, which takes the place of the -old, slow, wet letter-press—and makes several copies of the same document instantly available— is made possible only by Carbon Black! Carbon paper—like the printing press, the black-tread tire, the phonograph record—has followed the develop- ment of the natural gas ( a Black industry! ¢. Carbon papers can only be : made from Carbon Black. @ Carbon Black can only be made “i natural gas. ig Natural gas so used is not wasted!” of this series, Cowley, Wyoming :‘ Taylor & Clay (Incorporated) / Local Oils New York Stocks and Bonds Fone 203 and 204 CASPER, WYO. DENVER, COLO. me Midland Carbon Company~ _ New York Oil Co. CASPER, WYOMING est oil field in the world. on 4,240 acres. This acreage will do better than it has done. released after August 25, 1920. President Wilson has signed two leases authorized hy the Gans Leasing Law which cover the 320 acres, in the northwest quarter and the mouthwert quarter of section 2, township 39, range-79. six wells on this fand. : Salt Creek oil is the equal of Pennsylvania crude, which | sells sat Salt Creek cride sells for $2.75 a pero and will $6.10 a barrel. asia rise from time to time. New. York Oil has capital stock of the par value of $8,442,850 issued and outstanding, If it had only its Salt Creek properties, the’ but it ‘has, intrinsic value of its stock would be about $100 per share, about double that amount of property. HOLD NEW YORK OIL FOR DIVIDENDS FRANK G. CURTIS, Jamestown, N. Y., August 19, 1920. All things. considered, the Salt Creek field in Wyoming is the great- In it New York Oil has fractional interests These fractions corhbined constitute about 700 acres: We have an interest in 60 oil wells already drilled on the 4,240 acres. On one of our less valuable 160-acre tracts the production amounts to over $950,000 since October,.1917. This is-from three sand wells and two shale wells which have been brought in from time to time. This oil started selling for $1.50 per barrel and rose gradually to $2.75, The company will pay an 8 per cent dividend from its share of this income, which will be There are President.