Casper Daily Tribune Newspaper, January 6, 1921, Page 4

—————————- SS WALOGATTING AND DEVELOPMENT. ON BIG SCALE IN BASIN REGION Leasing Activity and Preparations for Drilling Indicate Record Year in Upstate District; Deep Test Operations Are Projected BASIN, Wyo., Jan. 6.—From activity ‘in leasing of government and state lands in addition to the patented lands in some sections the coming season promises to be the best wild cat year in the history of the oil industry. The Big Horn Basin oil and gas fields include portions of Hot Springs, Washakie, Big Horn and Park counties. The proven fields so divergent that the entire basin is practically an oil reservoir. For years a small re-{price for Torchlight, Greybull and finery was operated at Cowley In the | Grass Creek north end of Big Horn county where A concerted effort by the commercial production was secured from Byron. a} organizations of the area will the com- few y from the railroad, IJnjing year bring before manufacturers ft made large with-| the ivisability of the Big Horn bus ring lands in the Ba-! sim for factory sites, where natural za3 country on reports furnished by) for years to come may be secured at a government geologists. Since that time|rate profitable to all industry, Gl many other withdrawals were mude,{ factories, tile factories and cement Which seriously hindered development. | plants are already in and coming in and The Torchlight field three miles eest|in the next year or two active demand of Basin and the Greybull flelds were | for gas in large quantities will meke next brought to notice Zassers as Valuable as oil properties enward the ¢ Creek During the coming drilling season rot brought in. This was followed by the] only will a number of deep tests be co Elk Basin field in the north end of the/ ducted by the operating companies in field Basin on the Montana-Wyoming line.|the various fields but many wild Later the Warm Springs field near| operations both on approyed gove: ‘Thermopolis brought in, followed{ment withdrawn land and newly by the Golden le near the Grass | Covered formations in this large area. Creek field and Hamilton dome nea> Pa yee Thermopolis and the Kirby Creek field | near Lucerne. | Most of the pioneer drilling was in} nnticlines showing the shallower depths | FILED IN CTATE ing attention only to th localit! giving evidence of shallow drilling. | aysternatic work of their geologists, pay {Wind River Refining -. Te, . Today’s Markets by Wi Ground Floor Oil pan rig Pa Al 203-204 Wy6.Tex ___ yee ha 02 05 Wyo.-Tex 02 04 LOCAL OIL STOCKS ¥ On 11.18 Bia Ask | Western ‘elds sage h 26 mf Amalgamated Royalty .--- 10 15] NEW YORK. CURB CLOSING American W.----------_. 6% 01 : Bid Ask ERR 8. 010g } Midwest Refining 143.00 Sie haa "37 “49 | Midwest Cora, _ 1.00 Si tags a sige an} Midwest Pret. - 1.00 Boston-Wyoming - 3% aes ties Ei ean ahh at 81 Glenrock Oi — ~ 2.00 a 26) Sait Creek 24.00 OT 28) Western States 37 4 : 2! Prod. & Refiners — ~ 4.95 5.00 st an Conden — - 5.00 5.50 Consolidated Royalty 144 1.48 ate Z cae +e cases) Sc ----- ~ 00% 01; Okmulgee -_- DS as? ‘37 soe - +05 ee Cities Service ~ 231.00 226.00 Elkhorn 14} NEW STOCKS © T. Williams — 1.10 behuaases ‘i rantz M 3.05 Ones 05 | Mexican Petroleum 59) Sinelair Ol OT "Texas Oil wn Americun Pete + 1.8. Steel __ Union Pacific R. R FOREIGN EXCHANGE Gates Great Western Petroleum —_ Hutton Lake i Jupiter — Kinney - Lance Creek Royalty — Lusk Hoyalty —. 73.97 Lusk Petroleum Francs ~ Mike Henry — % | Marks ~ Mountain & Gulf j Lire - | Sterling — | Call Money LIBERTY BONDS Northwest Outwest — Picardy > Riverton Retining | 3%s --. Royalty & Prodcers First 4s . Sunset +__-..__. +07| Second 48 Tom Bell Royalty ~ Western Oil Fields — Western Exploration — st 44s pcond 44s - 0) Third 4%s -02| Fourth 44s — 2.00-Vietory 4%s _ WYOMING CRUD E OIL MARKET Rock Creek —. Salt Creek --.-.. Big Muddy ~-.---..__.. Pliot Butte eeemcccwemccnn 3.75 Wyo.-Kans. — Grass Creek -~ Torchlight -.-_-. Elk Basin - Greybull -~.. pe nnnnnnnne~--= 3.10 Lance Creek ~=..--.. onan nnnn =~ $2.75 wnennnnnne 2.75 2.75 to light oil b ring sand and the oper. 'H. C. Bretschneider One of Or- ating companies followed closely the Cas flelds were encountered ; ganizers of Million-Dollar gon Rasin, between Basin in Ove 2. Cody, Greybull, near Torechlight, Little Ruf. falo basin south of Meeteetse, Hidden | Company dome thirty miles t ef Worlan4, | Golden Fagle dome near s Creel:,| CHEYENNE, Wyo., Jan. 6.—The Pil Little Grass creek, Byron, and latety | 8tim Ol company of Cheyenne, capital ithe largest flow of ail in’ the. decnes | Stock $1,000,000, shares of the par value sands in Elk Basin. Gas is piped from |f $10 each, has filed articles of in- the Hidden dome field to Basin and|CorPeration in the, office of the W. Greybull and from the Byron field to|™Ming secretary of state. The direct- Cowley, Lovell and the refineries at{0F8 are H. C. Bretschneider, Harry B: Greybull. ‘The Golden, Eagle field will | Woston and Wilfred ORenry. oe Riv support & carbon black plant and the . A mye big fields of Little Buffalo Hasin, Ore. | eeton has filed articles. Its capital stock gon Basin and Elk Basin are yet to be | 48 $300,000 and the par value of its Piped to central points for manufactur. | tock a per anes. Te a ~ ie 3. H. Lukart, Fred W. Hall, 0, C. Al- Early in the drifting heavy oll was) yicrmvehiin cad ROP TL, Tae found at shallow depths in the Himes |“"‘Gprtined articles of the Emmer't and Crystal creck sections and while]. oP U0ed ae oh ; the production was not large shows | 94.) i eng ale at et scoleeeas, that the sands underlying the produc-! Gatner, with G. R. Hagens as resident Ing light oil sands are aleo product-|[0°ht nave been 1 tho Wy ive, In the Grass Creek: field which | *8¢nt have been filed, with the Wyo ing secretary. ‘The corporation ‘is has produced upwards of 5,000 barrels |™"8 : @aily ‘since brought in, of light oil;’a| capitalised at $600,000." Stock ts of thy par value of $1 a share, The directots deep test was recently made by the} P3F 4 endrick, {& operating companies and a heavy flow |2°¢,G- Tt. Hagens, Max Hendrick, T., of heavy oi! encountered in the deeper |G: Taylor, Tek. | Stale eae sands, In Eik Basin a similar test to) “ine Neyada-California Power com. the lower sands encountered a big flow of gas, estimated to be the biggest gas |} ‘ arts : flow yet encountered. These two testa, Mf capital stock from $6,000,000 to $10,- in almost opposite ends of the basin | 000,000. ge ‘will stimulate deeper drilling in all sec- rf ? tofore passed over by the geologists as| oon WELL INTO GUSHER, TWO bf pany filed certification of increase of Since active work by the big com- panies in the Basin there has not a Hamilton Dome --—------—------- 2.75 Mule Creek ---.-----..-~.-------- 2.05 FOUR MULLIONS IN FEDERAL TAK COLLECTED LAST YEAR IN STATE First Year's Operations Following Establishment of Separate District Shows Large Results and Cost of Gathering Is 53 Cents on $100 By LESLIE MILLER. (United States Collector of Internal Revenue, Cheyenne.) On December ‘1, 1919,*the State of Wyoming was separated from the State of Colorado and made a separate district for the collection of federal taxes. The writer was made collector of internal revenue, and was given a force numbering twnty-six, sixteen of whom constitute the office force, and ten the field force. Quarters were secured in the new city and county building at Cheyenne, the’ arrangement of space, ete., being made specifically according | ‘Phe con’ miners, particularly, have en- to the plans of the collector, the quar-| joyed the most prosperous year in the ters being among the best in the coun-| history ofthe state, the mines working try used for this purpose. more days in the year, and the miners Since December 1, 1919, the collec-| 'ecelving greatly increased wages, In tions from the Wyoming district haye|™"Y Instances coal miners have re- 44.00 | ing the taxpayers. year passed without a new field bein brought in. There are now refineries at Cowley, Lovell and Thermopolis' witn | two at ¢ sull which amply care for new production. Pipe lines from the Grass Creek and Elk Basin flelds car the oil to Greybull and small lines a are run from the Byron field to Cow- ley and Loyell and from the Thermop- ! olis field to town. Production as fast as brought in is quickly secured by the big operating companies. Deep tests in all of the shallow light oil fields are in prospect this year and much heav- ier production from the deeper sands is anticipated. The enormous gas pressure from the various fields is indicative of oi! pras- tically oyer the entire Basin, the only question’ seemingly the depth. On the west side of the Big Horn river from the north escarpment of Grass creek to} the southern escarpment of Oregon Pa-/ sin there is a large area covered by the Wasatch. This formation in place would be quite thick and probably make it impossible to reach the producing sands. Many are of the opinion, how: ev that the larger portion of this | formation is but a wash, having been eroded ‘The theory being that the enti basin was at one time an inland se There has never been a test in that section. THe Tatman} Mountain Oil and Gas Co., financed by farmers in the vicinity of Burlington, undertook a deep test near that town with standard equipment, but like all such compani failed to provide for the unexpected costs in drilling a wild) ent and are now at around 1,200 feet without further funds. The last few ays outside capital is understood to been secured and the present sea- will see this test completed which son should production be encountered would “PRODUCERS ARE BROT IN No. 3 well on section 19 of the Os- age field drilled by the Sinclair Wyo- ming company to the Muddy sand and first reported dry, is making 232 barrels a day after being “shot” and the development is considered of the utmost significance with respect to the producing possibilities of this sand. Other wells, it is believed, will be shot with good results, Burke is reported to have opened a gusher well on section 36 and the Argonaut has uncorked another goo well on section 20, offsetting the Quinn well on the same section. MARKET GOSSIP Emmer Products Company Elects, Emmer Food Products company, whose offices are in Denyer, yeste day elected the following officers and directors: President, G. R. Hagens of Casper, Wyo.; vice president, W. K. Gilcrest of Gilerest, Colo.; vice presi- dent, E, F. Randolph of D urer, R. K, Staley of Casper, Wy: retary and general manage . Bloeser of Denver; directors, G. R. Ha- gens, R. G. Taylor, B, C. Buffum, W. K. Gilcrest and R. K. Staley. Strawn Syndicate Dividend. Strawn Petroleum company, operat- ing in Texas and controlled by the E ‘T. Williams Oil company, has declared a 10 per cent dividend, payable Janua) | 16 to stock of record January 10. Th amounted to a total of $4,413,000. Of} this sum the income and excess profits taxes amount to $3,485,000, the balanee of $928,000 being collections of spirits, tobacco, and the so-called miscellaneous war taxes, such as stamp taxes, taxes on admissions and dues, wearing ap- parel, ete. There is a quite common misconcep- tion with regard to the expense of col- lecting federal revenues. In ‘the thir- teen months since the establishment of the Wyoming district, the total expense | which includes equipping the office with furniture and mechanical fixtures, such as adding machines, typewriters, ete. ceived more than double the the amount of wages in the year 1920 than in 1919. I would like to be able to give the, people of Wyoming some encourage-| ment with regard to a possible revision of the tax laws, tending toward simplifi- cation, but there is such a wide diverg- énce of opinion among althorities that |it is inadvisable to venture an opinion or @ forecast. Doutbless ‘the excess profits tax will be repealed, but what will be substituted is a real problem. There is a quite general sentiment fav- vrable to the enactment of a gross turn over, or general sales tax. Such a tax would undoubtedly raise very con- siderable revenues, and at first glance also all salaries and traveling expenses|would appear to be-quite feasible. of deputies amounted to $75,200. Due to the fact.that such expensive items 8 adding’ machines, typewriters, etc. have been supplied, such items of ex- pense will be eliminated from the ex- penditures for the coming year, thus cutting down the total expenditures very materially. The cost of collecting federal taxes in the country as a whole amounts to just 53 cents for each hundred dollars collected. In the fiscal year ending June 30, 1920, over $5,000,000,000 in federal taxes was collected at an expense of approximately twenty-seven million dol- lars, It is doubtful whether any coun- ty or municipal government can show! anything like such a record, | Just what the filing period for 1920 which ends March 15, 1921, will indi- cate with regard to the amount of taxes to be collected at that time is difficult to forecast. The livestock growers of Wyoming are in bad fin- ancial condition, and it is rather ex- pected that very little tax will be col-} lected from that source, Such was true Practically every financial expert, however, who has given the matter of such a tax closely applied study, has discarded the idea as being unfeasible. One of the main arguments against it is that it would require a veritable army of government employes to en- force the same. Every line of bus- iness would be subject to supervision by federal tax authorities, jand the expense of checking up the monthly returns would be enormous. Moreover, there is a real doubt as to the effect sch a tax would have upon the cost of living. If a general sales tax of 1 per cent upon all transactions should be permitted, the effect on the ultimate consumer would be probably* some- could not stand the payment of a geh- eral tax upon their gross a business which deals in an article which is handled by different firms in each of its ramifications, leading from the production of the raw material to business.| 4Pparently been burned Particularly is this true in the case of! open the largest area of patented land | dividend amounts to 60 cents a share in the entire basin, {on 188,000 outstanding shares of $5 pir however, for the year 1919. Early in |the retailing of the finished article. The that year the stockmen made very con-|man finally retailing such an article The government leasing law, which has opened for prospecting, the with- drawn lands in the Basin counttry, went into effect the past year and thousands of acres of this land has been located and is now in process of permit before the interior departmént, many applicants having already re- ceived permits. These lands are mostly in territory recommended for with drawal by the government geologists, much of it considered very valuable for oil by them. The opening of thes vast tracts will bring into the country many -independent operators who will drill the holdings the coming year. Con- tracts are now being made with the holders of permits on these lands and niready a number of structures are un- der lease for drilling as soon as weather conditions permit. The industry has advanced so rapid- ly the past few years that predictions ® to the future are very promising. The independent operator has an ad- over the refineries are anxious more a new field in that the in this state are common car- tor production and the prices com- | value. Officers Named by Y Oil & Gas. Y. Oil and Gas company, on January 3 eleqted as directors J. J. Hall, Harry M. Rubey, C. C. Jamieson, Arthur Pons- ford, L. F. Eppich, Thomas F, Daly and N. A. Thompson and subsequently officers were chosen as follows: J. J. Hall, president; Arthur Ponsford, v president; Harry M. Rubey, treasurer; L. F. Eppich, secretary; M. P. North- wood, assistant secretary. The Y company's share of produc- tion from the wells in which it is in- terested at the present time is valued at $14,000 a month, ‘official statemen' NOTICE according tb un The regular annual meeting of the Van Duzen Oil Company will be held at the Midwest 1921, for the pur- to manage for the énsuing year, and for the transaction of such other business as may properly stockholders of The Hotel on Wednesday, January 5, at 10 o'clock of said day, pose of electing Directors the affairs of the corporation come before said meeting. siderable profits, but the setting in of an early winter caused the expenditures of such sums for feed ete., which en- tered into the expense accounts, that the profits were wiped out in nearly ey- ery instance. It is expected therefore, that the situation in 1920 will not be greatly different from that of 1919. It is also expected that merchants will not find their profits for 1920 as great as in 1919. The losses in these directions, however, will probably be made up to a considerable extent from Johnson Brothers Grocery and Market would be,unable to compete with an outfit selling the same kind of an ar- ticle, which controlled the whole pro- cess, from the production of the raw material to the retailing, of the finished article. After giving the matter of a general sales tax some considerable study, I am convinced that the same is impractical, and that the idea should be protested. I thin} it is safe to predict that the Mail Us Yor the income taxes which will be paid by KO ur laboring men in general, Railroad work- DAK ers who have never before paid income FINISHING taxes will doubtless file returns in Quick Service large numbers,due to the very con- siderable increases in wages granted THE FICE URE during the year. ‘The same is true of oe sae coal miners, and artisans in general. es diy THE WIGWAM Hot Lunch Home. Dressed Poultry 11:30° Until 2:00 bP. M. pare favorably with other sections. The prices at the end of December were. | By Albert Flk Basin $3.10, which was also the: Schapiro, Secretary Pure anunmer Se THE VAN DUZEN OIL COMPANY, 266-3t® to: Order | We Deliver Phone 1251' Main Floor O-S Bldg. — \present $2/000 exemption for corpora tions will be eliminated, and that the normal tax }on corporation proiits will be increased, possibly from the present | rate of 10 per cent to 16 per'cent, Also i rather’ imagine that certain stamp taxes will be increased, and we may also possibly find ourselves paying con- sumption taxes on gasoline, and such articles as coffee, tea and sugar. Because of the desirability of elimi- nating the floating indebtedness of the country, also thé necessity of taking care in 1923 of certain issues of war savings certificates and Victory notes, immense sums,of money must neces Sarily be raised for the next three or four years. It is scarcely possible then, >| t0 eXpect that we will pay less taxes, although they may be paid in different ways, There seems to be only one place where expenditures can be cut, and that is in the administration of the affffairs of. government. We snust be careful, therefore, that we do not urge upon congress the enactment of laws the expense of administering which wil! be greatly increased, which would cer- tainly be the case should @ general turn over, or sales tax, law be enacted. In conclusion I would like to impress upon the general public that, Wyoming was created as a separate reyenue dis- trict purely for the purpose, of assist- I have endeavored during my term of office to create a fecling upon the part of taxpayers that in the collector for district they hive a “friend at cour It has been, and shall continue to be my, very grent pleasure to be of assistance in the straightening out of the problems of these taxpayers, regardless of what form these problems take, and I hope that every taxpayer in the state will feel so long as I remain here, perfect- ly free to command my services at any time, and in any manner. POPULARITY OF FORESTS GROWS = f Use of Public Reserves for Re- creational Purposes Shows Big Increase '' Recreational use of the twénty-seven national forests in the Rocky Mountain district Increased very materially in 1920. These great national playgrounds including over 20 million acres in Colo- rado, Wyoming, South Dakota, Minne- sota, Michigan and Nebraska, were vis- ited by over 1,408,000 people during the ye Some visitors spent several weeks, others spent only an hour or so, but the average time was a little over three days. Over 1,135,000 of the recreationists came by automobile and many of the 's were laden with tents, stoves, bed- ding and other “amp equipment. The people camped as they went along, cov- ered several national forests and lin- gered only at some of tie unusually. good trout streams, Fifteen of the twenty-seven national forests in the Rocky Mountain district are in Colorado; there are five in Wyo- ming; two each in Minnesota and South Dakota, and one each in Michigan and Nebraska. Some of- the most popular forests were the Pike, Colorado, and San Isabel in Colorado; the Shoshone and Big Horn in Wyoming; the Black Are You Just . Hanging On? Too Many People Feel Themselves Slipping and About to Drop. People everywhere complain they are worn out, weary beyond expression, Just hanging on. It is a most discour- aging condition. The past few years what of a shock. Moreover, there are| have been a grilling experience, If lines of business in the nation which} Your nerves seem to have gone to smash, and the Jast drop of iron has out of the blood, get a $1 box of Reolo and note the effect. It may take a few days be- fore you get up speed but the effect will be the greatest sensation you ever experienced. It will take you back to the years when you slept like a log, worked hard, enjoye: it, gloried in it and tackled it like pi and got away with any task, no mat- ter what. It gives a punch to your nerves, puts a pink hue on patil cheeks, you feel great all over and loge it. If you are thin it will build yéu up to regular weight, intensify the vi- are like a boy ness, and proof against exhaustion, no matter how hard the task. Ask any of the clerks at the Kimball drug stor and any other leading drug store. The: have seen the results of Reolo with customers who were just hanging on but are now among the healthiest peo- ‘ple they know.—Adv. OIL COMPANIES Have your notices and to stockholilers Printed on the MULTIGRAPH reports Multigraph Service Co. 220 South Wolcott Street Opposite Post Office Phone 1155 tal processes, give you quickness, alevt-|§ stills in South Dalrota, and the Michigan| people yisited tl ‘and Minnesota in their respective states.|which gave them Colorado, with her large acreage Of cent. easily accessizle. national forest land, had over 1,190,000 visitors, and the Wyo- ming forests in this dirtrict had more/work an ¢' he Minnesota forests, san increase of 39 per —_—_—=—_————- While gold miners in South Africa £ ight-hour shift, the -200,000 Nearly 41,000'natives work only five hours. than 74,000 _ visitors. ——$—— wheanesorenresoonnwoensvecsostooooe HA! HA! WE'RE AT IT AGAIN ALL ROADS LEAD T0 THELYRIC ‘THE HOUSE OF THE TOLLING HARRY CAREY | Shown here before Denver sees them. secure evidence to save pele a rho gee of the underworld resorts, is accused of a crime of which he is innocent. 4fow he is saved is told in thi; vi classy thrille- een LYRIC Continuous 1 P.,M. to 11 P. M. T-O-D-A-Y The Super Triumph of the Screen ~ BELLS’ Would you, live in a haunted house for a year to gain a fortune? Do you believe in’ “Bad Luck"? Would you walk under a ladder on Friday? Do black cats bring bad fortune? What would you do if you searched for a ghost and found a girl? Do you believe in signs? Does superstition play a part in your life? Would you take your bride to live in a haunted house? Does fear bring out a man’s true worth? Why is a tolling bell an omen of misfortune? NEXT Important Announcement Big Added Attraction The Original —IN— ‘AISLES OF THE WILDS’ Its Western Thrills Next SNUB POLLARD —IN— 4NSULTING THE SULTAN’ Featuring MAY HOGANY and ROSE WOOD Next “TOPICS OF THE DAY’ Hurrah for Denver. TOMORROW The Sensational Picture of the Underworld ‘LOVE MADNESS’ STARRING LOUISE GLAUM How # woman had to go into the depths of the underworld to er husband from the electric chair, He, 114 South Wolcott Street NTT Lester Brokerage House NEW YORK OIL 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 TANT