Casper Daily Tribune Newspaper, December 29, 1920, Page 4

irs Pounded. MMAR KET GOSS I Sia yas 1s a Reports that a deal is pending for the purchase of the New York Oil Company by the Union Oil Company of Delaware were denied of- ficially at the headquarters of the New York Oil Company today, where it was stated that the rumor constituted mere gossip. New York Oil is one of the strongest situated companies operating in the Wyoming fields in point of valuable holdings and their purchase would prob- ably tax the resources of the largest: financial stringency. New York Oil will pay an 8 per cent @ividend on January 10, it was recent- ly announced, leases having recently been issued: which released a large amount of impounded money and paved the way for much larger revenues in the future. Completes Third Big Well. The Salt Creek Consolidated O11 Com- pany, which under the management of President James Owen is making one of the best records in obtaining leases “find bringing in new wells of any of the Salt Creek operators, has com- pleted its third producer on section 21-40-78 since a lease was granted on this section two months ‘ago. This well, which is locdted on the NW quar- ter of section 31, was drilled to the top of the sand two years ago and capped awaiting the adjustment of lease titles. When drilled in it started off with a flush production of 3,000 barrels. other two wells, also completed since ; the lease on this section was granted, had a flush production of 1,500 and 3,500 barrels. Several other wells are scheduled for completion at an early date. * A lease has also been granted on the ~SW quarter of 27-40-79, in which Salt Creek Consolidated owns a dominant interest. This is known as the Church lease and Elmer Church, Fred D. Ham- mond, Willi B. Hammond, Lee Cham- -pion and the Consolidated Royalty Oil -Company join with Salt Creek Con- Gsolidated in the application. The quar- ter has several producing wells, the -precéeds from which have been im- The interests in the lease “will be divided among the respective “applicants, Consolidated Royalty receiv- ing 71-2 per cent, an@ all subject to the government royalty. The company miso has been granted a lease on the “NF. quarter of 3-39-79. | 2 Salt Creek Consolidated has heen one; “of the most successful of the Salt Creek | “companies in securing an early grant of leases from the government. The one on section. 27 is the fifth in which it has an interest to be issued. This company in conjunction with the Big! Indian Oil and Gas Company, will operate the SE quarter of section 3- 39-79 upon which a lease recently was granted. New Montana’ Refinery. The Miles City Oil Refinery Com- pany, which was recently organized by citizens of Miles City, with an author- ized capital of $500,000 to build’ a plant in that ‘city, has obtained a fifty-year lease’ on a Site located between the Chicago, Milwaukee and St. Paul and the Northern Pacific railroads and one- fourth. of a mile from the Yellowstone River’ ‘It is understood that the rall- roads gave the lease on a nominal ren- tal and that the site was selected in consultation with engineers for the two companies, whieh will build spur tracks to the site. The company proposes to put in a 2,500-barrel continuous process ‘amount was to be paid in monthly in- TWO PER CENT Oil Common Draws First Dividend in Three Years; Indebted- ness Shrinks The Midwest Oil Company has ,dé- clared a dividend of 2 per cent on ‘the 4,000,000 shares of common stock out- standing and increased the quarterly dividends on the 2,000,000 shares of pre- ferred stock from 2 per cent to. 21-2 per cent, both payable on January 15, 1921, to stockholders of record Decem- ‘ber 21. ‘This is the second dividend paid on the common stock and the first. The Since 1918, when 1 per cent was dis- |tefbuted. Under the agreement cover- jing the distribution of dividends, the preferred is entitled to 20 per cent of any amount appropriated for dividends on the common. These dividends will require $80,000 for the common and $50,000 for the preferred. In June, 1918, the Midwest Oil Com- pany adjusted litigation in Arizona brought by William Fitzhugh of San Francisco, over titles in Salt Creek through an agreement to purchase the Fitzhugh interests for $2,226,000. This stallments. It is understood that only $500,000 remains due on these notes and that this indebtedness ‘will be paid in full during the coming year. The Salt Creek Producers’ Associa- tion, Inc., owns approximately 66 per cent of the preferred and common stock of the Midwest Oil Company and will benefit proportionately from the divi- dends. Its earnings at present are coming mostly from state and patented lands, though it is an applicant for leases on several'\thousand acres in Salt Creek individually and jointly. with other companies. It received recently its first Jease under the leasing bill, it being on the NW quarter of section 1-39-79. The application was made jointly with the Wyoming Associated, a subsidiary of the Mountain Produc- ers’ Corporation, 4nd they will jointly own and operate the lease, which is all proven territory close to the cen- tér of thevfield: The Salt, Creek Con- solidated Oll Company will also receive a royalty interest from this lease. NEW YORK OIL REPORT 1S DEMED Furnished by- LOCAL OF BTOCES, : Bid Ask Amalgamated Royalty <--- “il Ameacioan® 25-23, 1 Atlas -... a, 02 Big Indian 7 Bessemer - 32 Boston-Wyoming 78 Buck Creek --. 22 Burke ~.- 18 Black Tail 02 Capitol Pete ---...... 02 Columbine --~ 46 Consolidated Royalty 1.49 Casper Ranger OL Cow Gulch - 08 Damino. -- 09 Elkhorn 13 BE, T, Williams 99 Frantz - 2.90 Gates 45 Great Western*Petroleum 06 Hutton Lake 205 Jupiter- Kinney ~ Lance Creek Royalty -. Lusk Royalty .. 09 Lusk Petroleum -. 04 Mike Henry 10 Mountain & Gul 71 Northwest — 33 Outwest -. 02 Pieardy —.. 08 Riverton Refining Royalty & Producers Sunset 05 07 Tom Bell Royalty 02.04 Western Oil Fields mea) 13788 Western Exploration 2.00 2.16 Wind River Refining Ot 02 Wyo.-Kans 1,90 2.00 WYOMING CRUD Grass Creek ~-~-....-- is the well of the Mid-Northern that was drilled to offset the Fifty-Six Oil company’s well on the eastern dome and it will make about 200 barrels settled production, according to estimates. The new well does not extend the area of ‘the field to any extent but is more an inside well than any so far drilled. It was put down as a matter of protection to the Mid-Northern as the Fifty Six well was thought to be drawing cruce from beneath the lands of the Mid-Northern. The report of a new pipe line that is to be built from the Cat Creek field to Winnett is discounted in Winnett and Billings. The line already running oil between the fleld and Winnett is doing all that such a line is capable of and the building of a new line from the field to Melstone by the (iinois Pipe Line company is looked upon as the natural outeome of pipe line operations, pra Te Lander Test Suspended, The fereign interests drilling a well near Lander in Fremont County have definitely shut down all work until the spring opens, ‘This well is to be @ deep test of the structure and some gas has already been found. The operation is STOCKHOLDERS ETO COURT Templeton Oil Company Directors plant. The new company is largely backed by Miles City stockholders in the Fifty-Six Petroleum Company, and other companies which have produc- tion in the Cat Creek field. A. C. Dorr, vice president. of the Fifty-Six Com- pany, is president of the refinery com- apny and H. B, Wiley, vice president of the First National Bank, and treas- Fifty-Six Company, is treas- urer of the urer. Water in Republic Well. A well on the SE quarter of the SE quarter of 15-399-79, extremo south- ern end of the ‘Salt Creek field, which was started in 1917 by the Republic Petroleum Corporation, was recently completed in the second Wall Creek sand, which was found to contain water. It was drilled down to the firs sand at 2,800 feet, after which a deal was made by the Lumberman’s oil Corporation for the joint completion of the test. Girl Beats Prospectors. The first location made in Utah for “a prospecting permit on government land was filed by a girl, Frankie Guthell of Price, Utah, The president signed the bill at 1:45 o'clock p. m., 0 February 25, and by 6 o'clock that evening she had completed her location on the San Rafael swell. A prospecting permit has been granted her and re: presentatives of several large com- panies have been examining the land with a view of making an offer to de- velop it. Her acreage is said to be pome of the most favorably located on the structure. | | has aroused a} women of the| A aterm from dramatic profession by declaring thot the American stage of a generation ago possessed a far larger number of ca- pable actresses than it does today. of protest Charged With Efforts to Merge Interests The Templeman Oil company Is in hot water because of internal dissen- tions among its stockholders. A suit brought by W. E. Templeman and O, G. Frantz of that firm as stockholders alleges that other stockholders ate try- ing to have the Producers & Refiners take over the Templeman firm, Templeman and Frantz aver that three diretors of the Templeman are also directors of the Producers & Re: finers and that these three men are trying to merge the two oil cdmpan- ies under the head of the Producers & Refiners. Some oil men in close touch with the situation state that. the suit 18 merely a kick against the ousting of some salaried officials in case the mer- yer is effected as when this is accom- plished the Templeman directorate will be dismissed and the expense of a dou- ble directorate eliminated. MID-NORTHERN UNGORKS WELL The Mid-Northern Oil company in the Cat Creek field in Montana has drilled in another well in that operation, this GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325. Rm. 10, Lyric DANCING STUDIO—-ODD 738, Phone 549, ROE STO Instruction for Children and Adults Private and Class’ Instruction Professional and Latest Dances Taught Children’s Class Friday Afternoon FOUR O’CLOCK A.CHARLES KFYFS CLASSES FELLOWS HALL 11 A. M. to 4 P. M. 4P.M.to7P. M. eV elt Tg Aim E SA n 1 CTA Today’s Markets by Wire Ground Floor Oil Exchange Bidg., Ti & . gorge +12 Western Oil Fields -..----- .22 24 NEW YORK CURB CLOSING Bia Ask Midwest Refining 137.00 Midwest Com. -- 1.60 Midwest Pref. 3.00 11.00 2.12 25.00 ‘Western States -. 50 Prod. & Refrs. .- 3.27 Cosden --~ 5.50 Elk Basin - 787 Allen - 1.12 Okmulgee “ 37 Cities Service Com. - 250.00 260,00 NEW YORK STOCKS Cren Close Mexican Petroleum - 153.50 155.62 Sinclair Oil — 21.12 22.00 Texas Oil * 41.50 42.75 71.25 73.00 17.62 78.75 Union Pacifie R. R. ---- 116.25 119.00 FOREIGN EXCHANGE Sterling | Frances -- 0585 Marks Lire --- 0335 Call money - --1% 3%s Firat 48 Second 4s $89.70 85.30 84.38 First 44s 86.10 Second 44s 84.26 Third 4%s8 87.20 Fourth 44s s Victory 4%s 84.98 - $5.00 E OIL MARKET Rock Creek -----..----—~------~-$2.75 Salt Creek ..----...---.----.-..-. 2.76 Big Muddy --.—.. Pilot Butte -~. wewenceecnn—a anne 3.75 Hamilton Dome ~--~---.----.----. 2.75 Mule Creek .---.---------..~----- 3.05 STORAGE PROVIDED AT LARAMIE FOR T. N. T. The ras highway department is building a storage tank at Laramie to hold a large supply of trinitrotulol or T. N. T., as it is generally called. This explosive will be sent to the highway department by ‘the federal government to be used in blasting oper- ations next summer in road building and the explosive is a part of the great stores left over after the war ceased. T. N. T. is an explosive that, were it lised for blasting operation in compe- tition with ordinary dynamite, would be found too expensive, but the great stocks on hand must»be used before de- weannnannnnannnn 3:95 American Oil Group to Be Elimi-, nated from Commercial Riv- alry If Bill Passes Dutch Parliament (By Associated Press) THR HAGUE, Dec. 29.— United States authorities here fear that Am- erican’ interests will be excluded from the great Djamba oi) fields in the Dutch East Indies if a bill introduced in the Dutch Parliament be adopted. ‘This measure proposes to give the con- eession to these fields to a subsidiary of the Batavia, Oil company, The terri- tory to be included in the concession is described as the most valuable pet- roleum ground in the Dutch East In- dies. The field has long been the scene of commercial rivalry between Dutch-Eng- lish and American oil groups. Americans } here say that the only way in which American interests could obtain repre- sentation there. would be for the Dutch government to permit them to subscribe to the stock of the proposed handling company to be formed to handle the concession. In this holding company, the Dutch East Indian government and the Ba- tavia company would, by provisions of the bill, be joint stockholders, the gov- ernment sharing largely in the profits The government, however, will have a majority on the board of directors. According to the’ Amsterdam Hand- elsblad, the preferred shares, giving Forbidden a right to vote as to the control but hot as to the direct management, which will be In the hands of the Batavia com- pany, will be mostly under government control, but, in order to placate for- eign, particularly American interests, © certain proportion of what are known as the “B" shares, may be sold to for- A SUGGESTION The abundant health- giving properties of Scott's Emulsion are as needful to adults as to children. Scott & Bowne, Bloomfield, N. J. 20-20 teoriation sets in and it decided. by the officials pf the aa val navy that the explosive )e used@for ‘building roads instead of being allowed to waste in storage in the government maga- zines. " cS That man is. regal who can control being financed largely by Belgian in- terests. his apetite, his passions, his tongue and his temper. FRIENDS SEE CHANGE IN THIS OAKLAND MAN A. G. Fuller Says Tanlac Has Restored His Health and He Has Gained Thirty- Five Pounds in Weight —— “My friends all seem astonished at the wonderful change that has taken place in my condition in so short a time,” said A. G. Fuller, an expert accountant of 2071 Sixty-second Ave., Oakland, Cal. “Following an attack of the ‘flu’ in 1919, I found myself in an awful run- down condition. My stomach, which had troubled me for three years, became very much worse and for two months I suffered frightfully, I rarely ate at all during that time and fell off thirty pounds in two weeks, “I was also suffering from loss of expense of one Safe Constant Heat: WASCO Heating U dvere] Burns only about Raves attention once in 24 hours. makes winter driving a pleasure, Been rt ‘ __ JOHN BOGAN 130 West Second energy and general weakness and this as. well as the stomach trouble, be- came much worse, Gas would form on my stomach, causing awful pains and a feeling of suffocation. I was badly constipated and in such misery that I would often roll and toss all night long in my bed. I was so weak and nervous that it was only with great effort that I could do my work. “My mother persuaded me to - try Tanlac and my weight increase was thirty-five pounds — a gain of five pounds above my usual welght—in thirty days. I can eat anything now without a sign of indigestion, my nerves are back to old-time form and I am enjoying life and good health as I have not before in years.” Tanlac is sold in Casper by Casper Pharmacy, in Alcova by Aleova Mer- cantile Co., in Salt Creek by Salt Creek Drug Store.—Adv. READY-TO-SET-UP Coal-Burning, Safe Hot Water Heating System The1-Car System Complete, pied cme Le 5 Boe 10-car private Garages at man can set up W, Self-Regulating, risingly low. Any hand: SCO in a short time. The, freezé-up would pay for a cents worth of coal a day. WASCO Phone 911 COA N. & A. Coal Co. Phone’ 1400 SEE BEN Looking Ahead! We are looking ahead to a house shortage for some time yet. See Ben Today Buy through an agency where you can feel safe. Members of Casper Real Estate Board, Affiliated with National Real Estate Board. Members Casper Chamber of Commerce. Members. Stockmen’s as- sociation. teferences—Any bank. doe Ben Really 108 W. Midwest Ave. PHONE 74 W ue An Intelligent Understanding Of your insurance policies is of importance to you in this day of changing values. Consult us for insurance advice. No obligations: fT. KEMP CO, “Insurance—That’s All” Phone 870 « 112 E. 2nd. it. a \ i js Pau cosane dispatch stated that the par- liament of the Dutch East Indies had under consideration a motion oppos- ing the granting by the Dutch .gov- ernment of an exclusive concession to the Djamba oil fields without the con- sent of the people of the colony, i oT 1 i os oa The Illinois Pipe Line Company is completing two large tanks in the Lost Soldier district, This will make four tanks in that opera’ n_the field’ an on at present, les the Where the line meets h) Ferris operation. (he pipe line from the field end of the line to the olf until the weather ven though the warm steel storage | not come before spring. oceans Lester Brokerage to the railroad is not ship; now because of the cold w. is eae of storage at the Lost Soldier ‘will be ample tor thy Tai sae cain tn ot pi » her bi c Ferris and another in Brown here, the new branch line f, foe Soldier main will start towar (°° tn the Canyon, Lost Soldier Ping any on eather. hers take care of WArmS up sq hat the oil can be pumpea through, Weather Tay House : _ NEW YORK OIL 114 South Wolcott Street Phone 1142 Taylor & Clay Incorporated CASPER, WYO. Ground Floor, Oil Exchange Bldg., Casper Wyo. Phones 203 and 204 New York Exchange Stocks Chicago Grain Markets Local Oils Bought and Sold Your DOLLARS Have Grown BIGGER —As prices fall lower your dollars will grow yet bigger—that is, the ones you save. Casper, Wyoming —And how comfortable you’do feel with a growing Savings Account and the growing confidence of your banker. —Save more than ever now—save here. Wyoming National Bank debckek Lok ph ch bd 8-44 Bede behhede t i rl nan herent aN