Casper Daily Tribune Newspaper, October 11, 1920, Page 4

QS PST Ano MOHMO.. PS LET 7S A. Tote Pa - 2 A LA ein ad RR ee a te WAKET GOSS ND FELD NES] = STANDARD BUYS. MMOWEST STOCK Pays $20 Above Market Pack for 100,000 Shares) Owned by Private Holders; No Major Changes in Midwest Management Ate Expected Thé Staiidatd Oil company of Indiana has acquired 100, - 000 shares of stock of the Midwest Refining company, in addi- Pace to sue 100; stockholders independent of any action vy. the company itsélf. It is stated thdt thé Standard paid $170 a étiare the MiaWest stéck though it is quotea in the opéh market at the time at $150 to $155 @ share; the amount being paid in ¢dsti and aggregating $17,000,000: Shétid an attempt have been made to puréhase this amount of stock in the opéh market it is believed that the [ed would have risen above $170 a This would give Standard of Ti@fana approximately 32 per cent of Midwest stock which, with the stock it cat contrél; gives tt a dominant though @ majority ifterest in Midwest: Jt is understood that While sorie wes may occur in the personnel of Midwest staff that these will not t&ité place at once nor be on a large Henry M,. Blackmeft, président of the Midwest, is known to be held if h regard as an executive official by le. Standard people and it is consid- eed practically certain that he will con- tiie to be the directing head of the Thé same authority states that the refinihg department of the Midwest is especially efficient and that thé refineries havé been earning at the eotfipany. raté of about $18,000,000 a year net: ft is prél té Strengthth and enlarge the protut- ih@ department. ’ Osage Completions Pending Report 6f, 4 Completion, of a new. Well by V. M. Kirk on section 25-46-64 of is supplemented thé Osagé field, Wyo:, y the announcement that the Musk- -Osage company is on top of the aptock with its wéll on section 17-46- \ The formation in which the drill . {8 Working is exceptionally hard. The Kirk well is on Mike Henry the arid found the pay at 1,535 feet, oll t aliooting twice the height ‘of the ene mattiots 36-46-64 the Quinn Oil com- is drilling at 1,440 feet with ex- tions of tapping the sand at any 16 Shawnee Oil company is on the c&pfock with its tést. on section 29- 462 a. @ Updike well on section 17-46-63 is Bafling from 20 to 25 barrels of oil daily ffm a 600-foot hole, and the Sparks well on section 31-47-63 is reported to b6 making over 25 barrels at 310 feet. , New Test Started Oct. _, Well Cav BASIN, Wy x re & bie tive in occtirred which ieirly let the derrick down. be moved a short distance and dabther hole started at once. McComb Driilliig Reditiied fhe Northern Wyoming Oil company, Which is putting déwn an. important test on McComb dome, northeast of hlight field at a depth of 500 f compel'ed to dbandon tne nolé! Shodshoni, renewed drilling after havifg | ¢ spéht some ten days in, undérredmitig anid casing off water. he hole is now down 2,500 feet and! the company expects to make ‘good| progress. for the next 200 or 300 feet, as they are now drilling in dty groura dd do not anticipate striking water dgfin for some time to come. the oil sand is estimated to lie dt between 2,750 and 3,000 feet in thix stfucture, the company believes ‘that its test will be.completed in the no* distant future. Rock Creek Run Hits Record. A-report from thé Rock Creek field states that the daily average pipe lite ruh from that district for the last week was 5,700 barrels, a new! hign mark. There are fifty rigs drilling in thé district, including a number which d@fe on unproven ground. The Elk Ba- sin Consolidated Petroleum company, Which owns 22% per cent interest ih the best part of the field, which is dpetated by the Ohio Oil company, will Wegin receiving its share of the pro- ge6ds of this production within the next thirty days, and will begin to reflést in its earnings the wisdom of its invest- mént made a little more than @ yéenr)} ago: Crude Supply Threatened, he continued decrease in the num- Ber of wells being drilled in the United States threatens to have a serious ef- feet on the supply of crude, oil in the next few months. The deciine in op: érations, according to oil men, is due @hiéfly to the order of the interstate coifimerce commission a few months #0 restricting the use of open cars to the transportation of coal. ile the need of additional Miling #i6ek was perhaps urgent to got sutfi- cient coal to certain localities which Were low on fuél, thé ordér has had the ¢ffect of further delaying the de- livéry of much necded drilling mate- ria}, chiefly casing. On October 1 the number bf off wells bélfig drilled was 426 less thai én Sep- 1téfriber 1, while on the latter date drill- in@ operations in the United States Wed a decrease of 830 from the Humber of wells being put. down on August 1. Thus, in two months, drilling opera- tidris of the United States have de- erédsed by 1,256, representing approxi- mately 10 per cent of the total for the country. ’chhpres Holdings thspected, whe officials ur poe Chappell ti com +» une flela m of the They spent y Whére two new standard rigs aro res for drilling, in addition toy new w eempleted and capped. The party lett this morning for the wells at Big Mud- dy where drilling has been resumed<in This afternoon they wil! Visit the, Bolton Creek -tiéld, where thé deep test well. ne that steps will be takeri| 7.—The Geni company. operdting edst of ‘i The rig) 000 shares recently exchanged for 25,000 shares! piack ‘att ‘ard stock, necording to an official of one of the sub- saree “of the Standard Oil conipany of New Jersey. k is po to have been obtained from a group of the Chappell Oil company has a well drilling on the Chappell-Victor Wyo ming Jease. The well is down 1,200 The company is also cleaning out the paraffin in its wells in the Texas feet. lease and is drilling additional wells Ovi <entucky holdings. Ohio Out of Cat Creek. The Ohio Ol Co. is disposihg of its Montana equipment used in drilling on | thé Brush Creek dome; northwest end of the Cat Creek structure, where it put down a well on the acreage of the MuSsellshell Valley Oil C6., and faited to find anything but water. This indt- cates that the company has definitely abandoned that field’ and that it prob- ably will not drill on its other hold- ings on the Cat Creek anticline which fire found not fo be any too well lo- cated. The company is drilling sey eral other wildeats, however, in east- lee district. Refinery Output. ‘Wyoming and Colorado refineries ran 1,314,854 barrels of ‘crude in July, 4 slight decrease over June, according to reports to the Bureau of Mines. Oils purchased and re-run amounted to 620.- 430 barrels. From this crude and re- run oil was produced 25,127,339 gallons of gasoline, 7,896,235 gallons of kero- sene, 18,035,782 gallons of gas and fuel; 1,492,615 gallons of lubricants, 2,866.- 947 pounds of wax, 1,119 tons of cole @nd 24,227,202 gallons of, miscellaneous. Stocks of gasoline.on hand at the end of the month were 23,965,972 gallons as compared with 35,404,957 ‘at the end of June. Stocks of kerosene’ increased from 18,761,925 gallons at the .end of Vune to 20,954,882 gallons atthe end of Tuly. Casing Set in La Prele Well. The 10-inch casing has been set 2,300 feet in the well: being drilled the La Prele dome west of Dou jointly by the Wyoming Chief Oil at The hole in gassing 1G. W.E rtholomew, the geologist who discovered the dome, and Wyoming Chief officials who, recently inspected the operations, believe that the pros. pétts are good for striking the pay within the next 300 to 600 feet. Lafiée Greek=-Prodiction. - |Lancé Cfeek field in August wds 513 barrels of which 333 barrels daily age is credited to the, Ohio Qil Co., 50 barrels. to the Western States Oil Co., dnd 130 batrels to the Buek Creek Ot Co. Cash No. 1, of the Olio Oi C6., on the NE\% of 4-35-65, which came in for 2,500 bafrels,.averaged 105 barrels a day last month and Cash No. 2, same i averaged 125 barrels a day |these wells came in almost a just now bein, complete The Ohio's well on the SE\ of section 82, which has averaged around 55 bs rels a day in an uncompleted state wh the tools orily fwo feet in the sand sin October, 1919, maintained that rate in August. 26, the discovery section, reported any production in August. The Western States well which averaged 50 barre | and this month broke loose nd flo ved Regular Mee YOUNG MEN'S REPUBLICAN CLUB Tomorrow Night, October 12, 8 O’Clock At Republican Headquarters in the. Lee Syndicate Building, across the street from the Masonic Temple. Major Alfred H. Beach, o The fidwest ern Montana and in the Howard Cou-| Gas Co; and the Big Indian O1 & Gas} Co. Reports indicate that the cement | nd drilling will be resumed | and is showing some oil, | 4 The ayeragé daily production of the| aver- | o- company; on the SW% of Reuben, 4,) None of the wells on section | is two miles east of the discovery well be the speaker of the evening. All ex-service men are cordially invited. Everybody welcome. LOCAL OL ater tare 0% Bessemer ‘Big Indian --.... Boston-Wyo. -. Buck Creek Burke --. Capitol Pets Columbine Consolidated Royaity Elkhorn. E. T. Williams. Frantz -. Gates Great Wi | Lance Creek Royalty Lusk Royalty Lusk Petroleum Mike Henry --. Mountain & Gut: Northwest Outwest Picardy -- Riverton Refining -. Royalty & Producers-. Sunset --.. Tom Bell Royalty -. Western Exploration Wind River Refining-. | Wyo. Kans ~ Grass Creek -. 7 per cent this year. It is announced from the company’s headquarters in Wichita Falls, Texas, that production eady guarantees the payment of 8 jper cent quarterly dividends regularly nd that an increase may be expected later. Well to Be Completed. The joint well drilled ard owned by C: Littlefield, Harry N, Isenberg » & Roach on section 18-39-78; eek, will be drilled into the sand ught to production during t.ie next few days. ) Four 25-barrel tank are now standing full of oil at the well but pipeline connections have been made ard thot interested are , now ready to _{g, complete the’ gusher. ‘Bivestouk Market CHICAGO, Oct. Fi 8.—(United Statés 12,000 head. ‘anid sttdng to 25e higher. © Several toads of stéers and yearslings, $17.50@ | 18.35; $28.40 bid ana refused; bulk of kinds, $9.50@15.00. Westerris, sits, 1,0000; market steady to high- Ho; ipts, 18,000 head. Mar- \ket mostly 15¢ to 25e higher than yds- terday’s ay ; spots more. Top, GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co: P. 0. Box 325. Rm. 10, Lyri¢ -g of the f Newcastle, Wyoming, will ter. when everyone is anxious | HOLMES PAINT SPORTING GOOOS DHONE 601 : | Oil Heaters Coal Heating Stoves : Furnaces Ready for Installation Gas Heating Stoves - HR Better see our Mr, Akenson and have a stove or futtiece placed at once and be ready for Old Man Win- We can give you better service now than we can to be served. ale HOLMES HARDWARE @ TO HOMES AUTO SUPPLIES SECOND AND WOLCOTT ST CASPER, ® ad eaes ESTO ee WwYo. Bureau of Markets.)—Cattle—Receipts, Market on steers active | Futhished by T Ground Floor Oil Exchange 28 $ .20| ¥ Olle 201 02 Torchlight - « ) . LIFE INSURANCE ESTATE Geen 3: i Bis aruady Must be adminlétered tadtl¥ as Lance Créek 3.05 eetiae poe ABs Noes cy Ba enti Lander -_.--_-. 1.76. Mule €ré shrinkage. over the casing several times. ($16. og ‘pH Hent and butghesr, $15.30 = @15.90, Sieep—Receipts, 24,000 head. Griswold Pays Divitend. Markét 6ri fat sheep and-lambs opened Notice has been received by stock- Top hative lambs, $12.60. holders of the Griswold Oil company, in which there are now many, Casper holders through the absorption of ot - Southern Oil company by the Griswoht = at par, that a 3 per ent cash dividend | & BURNE iT PTICAL CO: ak Sa thet Equitable sie will be paid October 80 to stockholders >) 0 @ Ms for tho LIFE Sign” of record October 15, making a total 6f Look “4 t y ~TFARGO TO PAY | DIWOEND SOON with the mmrormation that gas will soon be turned on for use at ine. Mid- 4! west refinery, the Fargo a company today annowiced that a. few. months! dttee gas was turned on im Casper; the dends to which is. seen to be net from the sale of | this gas will be sufficient, officers of ;}the company state, to permit the pay- ment, of a dividend w! a few months. The Fargo ASE f Nese ‘be ready turn over part of to the 3 New Fore Ot Sompaoy by @ first of 7 company {Said today, lay im cure, to the meter to be used held up the rocess of starting the gas into mains for the New York Oil company. The Fargo company sold its gas pro- duction fo the Néw York Oil company #everal months ago with the contract that it Was to bé delivered to the rmiain line of the NeW York conipany in the field, Only the proven production was sold, the Fargo piny not selling any of ité rai Kolding. THe Fatzo company ons aid controls alt of its gathering Jines in the field. YOUR LAST WiLL. | and TESTAMENT - The most carefully .drawn will fitay bé brokiti. Vite President Paitbanks' aia Bamiiel J: Thden’s were. Yotif estite. may b8 piéa . white trough itigatiéh and aa- Sniateaeicd 8kpeiised, your 8 mia ’ Wyo. Tex: Western, On alts cerecok > aeaay | Hisrest Fataing rs st wer mmon Sinelair Oil Texas Oil -_ Pan American Pete U. 8. Steel_.. ‘3 Stis 88.50 87.35 First 448 Second 4%, ‘Third aff Fourth Me Victory 4% Townsend Bldg. YE TALKS * Phone 196-3. AUTION warfié you that you should Haye your eyes examined now if they are not giving you? a maximum of service, If you neglect them » Som sMall easily corrected de- fétt may’ grow into a-serious disorder that glasies aldhe Will not cure. We Wii advise you corréctly. BURNETT OPTICAL (y W.G. BURNETT —— g 5.T. BUTLER HENNING HOTEL BLOG Ce PFR.WYO. 4 —_—— Kodak le at the ‘Casper Pharmacy “ONE DAY SERVICE” Int at 8 a. ms it at 6 p. m. K. C. Fourth Degree Initiations will be held in _ Casper on Columbus Day, Tuesday, text, Oesabet 12, at I: :30 p. th [The NORRIS. 0. _ Largest Market in the State sa Wholesale and Heede: oa meat a ange meat Rledootl empha rte yO) Laue Sait customers the bencht of our carload buying at a Beet Cuts Loin Steak, 30e = een Fey Round teak, 30 Spoil der Stea Per pound wa IC Per pound . : J Pot Roasts, - Poor pound ote siseissinentiiea tite Shoulder Boil,’ ee ate Bail Per poun ws. Butter ees Lard Fresh Fish Every Day \ it Halibut Ball Héads thie Charts Cat FRESH OYSTERS EVERY DAY FRESH, KILLED POULTRY EVERY DAY SMOKED, PICKLED, SALT AND CANNED FISH Delicatessen Fi Haddie in Glass | Sandwichola Russian Caviar Tuna Fish Norwegian Sardines Norwegian Mackerel Kippered Salmon Bonel Latte Crab Mustard ibs scicia french Mislroons 8 ué Hill Peanut Butter Gorenfio Wet Shrinip B: & M. New Lobster Minced. Clams . f i Spb Ware B ola é a Sauer Kraut and Dill Pickles in Bulk \ Cheese l Horii Impoited Swiss iy Sea TDomestic Swiss New York Credin Roquefort Bliié Hill - Garhembert Limberger JWHOLESALE PRICES ON’ LARGE cuTs GF MEAT Look for our ad every Honiley for sree which witi govern for the week. ‘The NORRIS CO. 129 East Second Street a aT ~ BEST T BOWL oF ~ 20c at the CHILI KING: LUNCH AIL ‘kinds of ante iolet at Popular Prices. Quick ual Grand Central Block ‘CAPITOL LIFE’ McGREW Phowe 153 cocccesecee eeccescesoa EVERYTHING IN BUILDING MATERIAL RIG TIMBERS A SPECIALTY —_ 2FO0CCCCCOOCOROCOESOE FARM: MACHINERY, WAGONS Phone 62. Office and Yard: First and Center We can rig you up with all sizes of the best seasoned rig timbers. Give as ati épportunity to quote prices on-all of your lumber requisites, Keith potest Co. Plioné a Taylor & Clay » Incorporated Casper, Wyo.—Phone 203 Denver, Colo. New York Stocks, Chicago Grain Markets quoted over our. private wires direct from New York. The New York Exchange has Some éleven hundr id members. The percentage of failures on the eecomieH for the past ten years is leas than one-half of one per ee, ee Correspondents are members of this ex- are at brokerage firm in Casper. These All Local Oils Bought and Sold Lester Brokerage House Specializing in NEW YORK OIL 114 South Wolcott Street . Phone 1142