Casper Daily Tribune Newspaper, August 27, 1920, Page 4

Today’s Markets by Wire : | Furaikhed Daily by Taylor & Clay, Ground Fleor, Ol Exchange Building, Casper, Wyoming LOCAL OIL STOCKS Wyo-Tex -. 03 Bid. Ask. | Western 21 ‘Amalgamated Royalty $.15 $ 17/¥ ON 10 ~ - 02 03] NEW YORK CURB CLOSING 0%. 01 find Open, Close. poston “Wyong 22 1.08 1.11 Midwest Refining $148.00 $151.00 . | Midwest Com. 2.00 Bessemer .----- 27 -30| Miqwest Pref. 3.00 night of August 24 Will Be TOISPATE mNGED. “WER LIMIT ON CONTEST FILING [No Action to Indicate That Con- tests on Lands Filed After Mid- Mil SPN AND SODA | oo Road. Bulletin — ———_———_ State Highway Department, Office of + District Engineer. 4 Salt Creek: road—Good except new construction until near Salt Creek, then rough through oil fields. Yellowstone Highway, west—Gener- ally good to Moneta except new. con- struction, then rough to Shoshonl, then good to. Riverton, then fair to Lander. Yellowstone Highway, east — ‘Very good to Douglas except through Big Muddy oil fields and where new can. struction, good to Lusk, reported ren- erally good to Cheyenne. Superintendent A. A. Slade and Am- visited the Mud Springs and Soda Lake neighborhoods, 15 miles northeast of Casper yesterday and as a result of in that neighborhood on September 6 school age in the yicinity and fifteen of the twenty will be ready to enter i I ¢ E Hp ui \| LAKE TO HAVE SCHOOL brose Hemingway of the schoo! board, | their visit a new school will be opened | here are about twenty children of |ff : ra R mA “Big Indian 42 19 12 Capitol Pete --. Columbine ...--.- - 34 Consolidated Royalty 1.30 Cow Gulch -10 Domino -.. 06 ®ikhorn = T. Williams ened a Gates . 84 Great Western "Petroleum 07 G. W. Pete - 07 Hutton Lak 01 Jupiter 03 Tance C -08 inne 26 Lusk F -13 Lusk Petroleum .03 Mike Henry --. Sie Moun 1.05 North’ 20 Outwe: 01 Picardy 06 Riverton Refg. 14 ‘Cosden --.. 7.25 7.60;the United States land office at Dou- Top {Salt Creek - 31.50 33.00] Slas bore out the rumored statement ‘02 aT .62}that applications for contests to oil 05 (Prod. & Refrs. 6.25 6.37] land leases had to be in the land of- "3¢/Etk Basin 8.87 9.12; fice by midnight of August 24 instead 1:33 Okmulgee 26 .37| of midnight August 25 as had been un- “yg | Allen... 1.62 1,87] derstood by most oil companies. Several ‘09 Cities Service Com. —-_ 293.00 » 296.00 Casper representatives of ofl companies 1.18 Open. Close.| accepted, according to word brought 1.40| Mexican Petroleum ----$163.00 $162.75] back by them to Caspex. -86/Sinclair Oi — --- 28.50 28.62] Many of the larger oil companies. 09}Texas Oil —_ -= 47.62 47.50| hawever, took no chances and had 08|Pan American Pete - . 88.25 88.00/ their contest filings into the land of- 01% | U. S. Steel -------..--- 9 90.37] fice before midnight on August 24, The #4) Union Pacific R. R.--- 12 121.87] dispute or possibility that August 24 10 was the closing date arose from the | 20 ctorting ey EXCHANGE 574] fuet that the leasing law was not a4 signed until August 25, although pasa- Francs 0706 i 04) Marke ed before that time. However, circu- 09% | lars sent out, had been interpreted 1o Ineffective No action on the part of officials at 48) Merritt —_ .21|Glenrock Oi 15.00 1.75 15.25 2.00 filed their applications during the aft- oll NEW YORK STOCKS ernoon of August 25, and they were mean that all contested filings had to be in by midnight of August 25 rather than midnight of August 24.’ With the filing of all protests with- 84.70] in tho sixanonth period, now oil com- 0 per cent $89.90 —< the tected. SPEEDY AGTION ON OIL LEASES EXPECTED NOW H. B. Durham ha@ returned from a trip to Washington afd speedy action may be expected in the matter of oil land leases under the new general leasing bill. this time stands in the way is the re- ceipt of the documentary evidence in numerous cases. Every person who has a legitimate right in any of the Wyoming fields will be fully pro- school at once. hard, who taught in to teach the school, states that All that, at Oil Field Maps lorations Miss Blanche Barn- school last year, lives In the neighbor- hood and was: engaged by “Mr. Slade held in the homé of A. J. Patchen un- til a school house can he erected. \ GEOLOGISTS O!L EXPERTS the Salt Creek Sessions will he { Blue Priats The Independent Torpedo Commer Manufacturers of Nitro-Glycerine, Oil Well Torpedoes Office—Henning Hotel, Phone 45 Residence—142 N. Park, Phone 1177-R } aml J Al an er A PATI RASTUCT) ee of Construction WER i STE tion of Operation | Royalty & Produce! 19.21 84.40] panies have thirty ddys in which to Sunset ---.------. 07 09 85.10] answer the contest or arrive at some Wom Bell Royalty -- 02.04 84.34| compromise. If any contests adverse 2.45 Western Exploration Wind River’ Refining. 87.70|to application for permits go 08 " 84.80] #wered or uncompromised, they .will he the into- Wyo. Kans 2.00| Victory 4% 95.66] Settled by the government, rior department deciding who WYOMING CRUDE OIL MARKET, have the lease. If this is done, mo: unan- shall {We know that your unde: Pee with a Swan Underreamer than any other. ut ;You-can nr one from any one of our stores.} | can be done for less} Grass Creek .. --$3.10| Rock Creek forchlight 3.10]/Salt Creek ----.---------..----.-.. 2.76] fore the government passes judgment. Elk Basin 3.10/Big Muddy -.. 2.75! A compromise is Jooked upon as tho Greybull —_.. 3.10|Pnot Butte 1... 2.75] MOst rapid means! of settling disputes ~~ 3.05 2°75| to titles. ‘Lander ~-~-----.-----------------= MARKET. GOSoIP AND FIELD NEW FREIGHT RATES Supply Houses Predict Possible t Possible Curtailment of ‘Opera- tions as Result of Increased Dnilling Costs Caused by New Rates on Supplies Increases of 35 per cent in freight rates on oil well supplies from points west of the Mississippi River and 40 per cent from points east of the river to Wyoming points, may have an unfavorable effect on oil field prospecting and development in this state, according to reports emanating from the headquarters of supply houses in Casper. prospective development may be creased cost and while the larger com- affected many. wildeat projects which are call- ed upon to bear an increased burden panies will not be seriously will not be able to make headway. “The great volume of supplies for the Hamilton. Dome 1.76Mule Creek -....--.-..—. _————— 2.06] Creek field, has been put on the beam and is now pumping a moderate daily production. Wells nearing completion are on section 26; No. 3, state land, section 34; No. 2, Harrison & Cooper, section 35; Trapshooter, section 34, and Dixon Ne, 1, section 34, The rotary rig @j on location No. 2, University of Wyo- ming, section 14, Has been skidded and operations on the new hole ‘will begin soon, Big Wells to Be Drilled In. The three Ohio wells in the Rock Creek field which have touched the sand probably will be drilled in today or tomorrow. The well with a 200- barrel production on section 2-19-78 and with a 100-barrel production on the same section along with the well on ---$2.75| Oil operators anticipate a long wait cal section 35-20-78 are the ones to be drilled in, The two on section 2 will extend the field about half a mil®. Oli Well Supply Building Rushed. CASPER, WYO. - Taylor & Clay (Incorporated) Local Oils New York Stocks and Bonds Fone 203 and 204 DENVER, COLO. La SUSUR SREB) OE bilge orcas | ert [oe n Lester Brokerage House NEW YORK OIL New Number, 114 S. Wolcott Phone 1142 Wyoming fields comes from the Pitts- burgh district, only ,a small per cent coming from Tulsa, Okla., ast of the Mississippi. —_—$ and points This calls for company, ted on section ee Rock ! barrels. New York Oil Co. CASPER, WYOMING All things considered, the Salt Creek field in Wyoming is the great- est oil field in the world. In it New York Oil has fractional interests on 4,240 acres. These fractions combined 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. This acreage will do better than it has done. The company will pay an 8 per cent dividend from its share of this income, which will be released after August 26, 1920. President Wilson has signed two leases authorized by the General Luggage Store in Wyoming _ RETIRING SALE Forms are being set for the founda- tion of the Ofl Well Supply company building at Railroad and Center streets, b oti whére the new Luiiding to cost nearly Some nie bad is going up. Rapid work has Wyo x en done in excavating and an early ¢ abandoned on account of the in-| completion of the structure is peas 5 ing’s | a 40 per cent increase in rates for most supplies, Equipment for the oil fields Louisiana, Oil Runs. Schaffner Greatest necessarily represents huge tonnage} Daily runs from the North Louisiana & Marx Clothes and supply houses predict that the ef-|oil ficlds averaged 99,804 barrels for Clothes. * Stor fect of the rate increase will be felt|the week, a gain of 3,000 barrels a 2 7; é xe in many districts of the west. day, Average runs from the fields a day were: Homer, 66,081 barrels; De ,: : Rock Creek Well Pumping. Soto and Red River, 16,143. barrels; Only One Real : Portfolios Well No. 3 on the Diamond Cattle} Caddo, light, 9,9 ‘addo, heavy, 7,868 ; - All Sizes. All Styles. All Prices. C. M. ELGIN POSITIVELY RETIRING FROM BUSINESS : Our prices on all merchandise in most every instance is less than present wholesale prices. includes every piece of merchandise in the store. This retiring sale For this week we are making extra special reductions on all Indestructo and Hartmann Luggage Hartmann WARDROBE TRUNK Full size, 10 hangers. Former price, $185.00. $143.25 Retiring Price Indestructo WARDROBE TRUNK Extra size, lined with fancy cretonne, six hangers, dustproof door, six drawers. Former price, $175.00. $139.85 Retiring Price Indestructo STEAMER WARD- ROBE TRUNK Four hangers, three drawers; also compartment drawers, shoe ,and laundry pockets, extra heavy “brass corners and lock; best qual- ity fibre. Former price, $75.00. Price $59.50 PRICE. opis acs Hartmann $6.10 a barrel. SIOILIELATLLALILT IIA E TOELEM AIA EATEN Leasing Law which cover the 820 acres in the northwest quarter and the southwest quarter of section 2, township 89, range 79. six wells on this land. Salt Creek oil is the equal of Pennsylvania crude, which sells at likely rise from: time to time. . New York Oil has capital stock of the par value of $8,442,850 - issued and outstanding. intrinsic value of its'stock would be about $100 per share, but it has about double that amount of property. ' HOLD NEW YORK OIL FOR DIVIDENDS Jamestown, N. Y., August 19, 1920. wai aa eS, CLRMALLALAALLZELLLELLLLLELZLE O° There are Salt Creek crude sells for $2.75 a barrel and will ‘ If it had only its Salt Creek properties, the FRANK G, CURTIS, President. WILLLLLLLLLLALLELLLELLLLAALALALALAAA MAA Ahhh 7 i aa mi! three hangers and a Well put up. For- H compartment drawer. mer price, $24.50. HAE Former price, $60.00. wii i Retiring ing Price . SUITCASES AND HAND LUGGAGE 4 Every piece of Luggage greatly reduced. Suitcases fromr $2. Traveling Bags from $14.00 Ug _ AUTO WARDROBE TRUNK Made _ to carry on running board, has $42.50 WA RDROBE TRUNK hangers, four drawers, pocket; also shoe pocket. mer price, $50.00. Price... 9 $8967 laundry 5 up. ree] auf BASSWOOD BOUND DRESS TRAY TRUNK $18.75 Price . “ “Full Size, square top, seven For- .