Casper Daily Tribune Newspaper, January 31, 1921, Page 5

“Ais ~s Vx: N An N 4 , NS » Word came from New York Saturday that the Proc :cers |American & Refiners corporation, one of oil operating companies of the over by the Union Oil Company York City all last week and credence here. However, the recent rumor that the Union had taken over the New York Oil, which was put out by a local paper and which was later found to be without. foundation, makes the oil fraternity look into the Present report rather sharply. The Producers and Refiners’ has a large refinery, several gasoline plants and a number of good’ producing leases in the Mid-Continent field and here in the Rocky Mountain district the company has production in the Ferris, Osage and “Alkali Butte fields, and many good-looking leases in other operations and wildcat territory. Torchlight Deep Test Planned. Rumors persist that the operating companies in the Torchlight field will make their deep test there this spring. The deep test at Greybull last fall penetrated only to the Embar rand which was found hard and unproduct- ive. The test at Torchlight will prol- ably be drilled to the Amsden, the producing sand of the Warm Springs field, On the mountains east of Rasin where the sands crop the Amsden, is full of oil where it hardened ani for some time was thought to be a bed of asphalt. An examination of the place last summer determined the depth of the sand-as 2) feet and fully impregnated with oil. It is thought possible that in a stiucture removed from the mountain this sand may be ighly productive and the Torchlight probably offers the best site fdr ‘sutan a@ test. Standard After More Land. It is reported in Greybull that the Standard is negotiating with the Bur- lington for the plot of ground east of the refinery where the roundhouse is now situated, and which will be used for enlargement of the plant to handle the ofl.from the deeper sand of the Grass Creek field. x STATE LEASES ISSUED R. C, Ord, Lusk, all of 36-51-67. Fred E. Lee, Buffalo, all of 16-46-82. Rainbow Exploration, syndicate, Denver, all of 16-24-87, G..J, Guthrie Nicholson, Embar, all of 36-46-100, Harry Levin, 16-42-90. May Flavin, Glenrock, ail of 22-41-91. Green River Petroleum company, Cheyenne, all of 16-27-113. Harry G. Beatty, Buffalo, 36-46-83, C. L. Rigdon, Cheyenne, all of 13- 26-113. : *. Nan A» Williams, Qgden, Utah, all of 36-27-13. Godfrey & McMann, (fire clay) 16-20176, Thermopolis, all of all of Cheyenne, all RIG MOVED TO- HIDDEN DOME BASIN, Wyo., Jan. 31.—The Ohio Oil company is moving a string of tools to the Hidden Dome field for the purpose of cleaning out their gas wells and getting them in shape to hook up to the pipe ‘line. ‘Word was received here today from both the Little Buffalo Basin and Elk Basin gas wells wwhich indicates that the wells, which have been running wild for months, will be under control goon. At Elk Basin the concrete has been finished and they are only await- ing the heavy fittings to close the well. Those in charge were afraid to use the light fitting at hand, owing to the great pressure. The cement work at Lituée Buffalo Basin has been com- pleted and as soon as hardened the well will be shut off. It is stated that the pipe line from Little Buffalo will be started the Coming summer. ete REVISION OF PERMITS FOR MEXICAN DRILLING (3 ROKED BY THE U. 9, (By Associated Press) MEXICO CITY, Jan. 31.—Careful study is being gives +» ‘atest United States governmen' garding oil properties in Mexi: i the Mexican government probably will answer it during the present week. Washington demanded, according to the Excelsior, @ revision of permits to drill ofl wells granted by Jacinto B. Trevino, for- mer minister of industry and com- Merce, and included with its note a list of ofl companies whose interests would be seriously affected if the per- mits were allowed to stand. Tt is stated that the opinion pre- vails among government officials the United States government will not‘In- sist upon its demands, and will await the development of President Obre- gon’s petroleum policy. Oo AGED MAN DIES Andrew Sheridan, aged 72, died at @ local hospital yesterday morning after an illness of several weeks. The body is being held at the Bowman chapel pending funeral arrangements. Relatives in the east have been noti- fled of the death. é Jada 9 Sinaia ‘Tribuhe Want Ads bring results, DUPLEX GARAGE Railroad and Walnut, west of Northwestern roundhouse. First clags auto repairing. Reasonable rates. All Work Guaranteed Phone 618-J Hyland the report is generally given puede Dek Site etek rola cae A. doh tans WORKERS MAY “BE SOLD STOCKS Midwest to Vote on Proposition of Selling Stock to Re- finery Employes Stockholders of the Mid- west Refining company at their annual meeting in Port- land, Me., on March 1, will vote upon a proposal to au-! thorize the directors to adopt a@ plan for the sale of not to exceed 50,000 shares of the company’s capital stock to the employes of the company, at such prices, and upon such terms, as the directors, from time to time, may determine. In taking this “step the directors of the big Wyoming company are doing what a number of other leading oil companies have already undertaken, with great success, among them the Standard Oil Company of Indiana, the Aitandeyc.ON Company of California, Me Standard of New Jersey, the Con- Unental Oil Company and the Texas Company. In all these cases the re- sponse of the employe has een }rompt and eager, and the result has been a greater interest in tne com- Pany and an increase in efficiency oa the part of the working forces. Men who otherwise might not have been able to save money sufficient to juvest in the stocks of thei: employer use crabled by the plans now tn use hy many corporations to obtarn shares on installment payments 4t prices ich are usually well below the mar- ker and thus gam a staniing which ey otherwise :ould hardfy hope to aticir, It is the boast pf the Venr sy:venia Ratiroal “ompahy that more tivin 20 per cent of its permanent em Pwyes are numosred among its share- he'e rs, 4 It is customary where a plun for the sale of gompany stock to employes bas been adopted for the directors to fix the price early in the year at which the workers may take advan- tage of the offer for the remainder of the period and the percentage of the total amoumtyot k which any cne person may be pfivileged to pur- chase and thé" 8ize-and frequency of the installments. STRAUMBAUGH FUNERAL - TO BE HELD TUESDAY baugh, who died last week at a local hospital from an attack of pneumonia, will be held tomorrow morning at 10:30 o'clock at the Bowman chapel. The burial will be made at the High- land cemetery. Harry Calvert, a cousin of the de- ceased, has arrived in the city from Logansport, Ind., to make the final arrangements. Prince George and Princess Elizabeth to Wed Next Month (By Associated Press) the largest of the independent ee Northwest, was being taken | fessener ” of Delaware. Frank E. Kist-| Blackstone Salt Creck ler, president of the Producers & Refinders, was in New| Boston Wyoming Amalgamated Royalty - NEW YORK CURB CLOSING Midwest Refg. . $138.00 $140.00 “30 Midwest com: . 1.00 1.50 82 Midwest pref. . 1.00 3.00 1.05} Merritt .... -12.00 12.75 Buck Creek -. 28'Glenrock Oil . 2,00 2.12 Burke. ———. 22 Salt Creek — 24.00 28.00 Black Tail 03 Western States 37 50 Capitol Pete — -03| Prod. Refrs. 5.00 5.12 Columbine 48 Cosden .. 6.00 6.50 Consolidated Royalty - 3.26/Hik Basin - 8.00 8.12 Casper Ranger .02jAllen ..... 87 1.12 .10| Okmulgee 26 37 .09| Cites Service Com. -- 261.00 266.00 Z 112] S. O. Indiana -.. 69.50 70.50 E. T. Williams u 1.07 NEW YORK STOCKS hag + 2.08 3.00) Mexican Petroleum $158.75 48 48] stnctair On 24.00 5 07) Texas Oil 43.62 < wae! | Pan-American Petro 75.62 Br ot] Ue S. Bteet 82.62 119.87 New York Oil . Lusk Petroleum Mike Henry .. Mountain & Gulf Northwest Picardy Royalty & Producers .. 126| Second 48 ~ Sunset ~ == .06 08} First 4%s - om Bell 04 .07 | Second 4%4s 1 Western Exploration 210 2.15) Third 4%s _.. 89.78 Wind River Refining . 01 021 Fourth 4%s - 86.84 Wyo-Kans ........ 1.95 2.15 Victory 4%s. - 97.36 WYOMING CRUDE OIL MARKET Grass Creek - $2.60) Rock Creek - 2.35 Torchlight -. 2.60] Salt Creek 2.25 Elk Basin _. 2.60| Big Muddy 2.25 2.60] Pilot Butte i .55| Hamilton Dome Mule Creek & oe eee NOTED BEAUTY WED TO RICH CLUBMAN—Mr. E. Clarence Jones, is-a broker and sportsman widely known in financial circles and among the devotees of outdoor sports. Mrs, Jones formerly was Mrs. Margaret Seeley Funeral services for Jack Straum.| Blossom, widow of Henry Bloossom, musical comedy playwright and librettist and is famous for her statuesque and Greeklike form and features. AULES ADOPTED BY GONFERENGE ‘The recent conference held at the office in Denver of the Bureau of Mines and which was called last Thursday by F. B, Tough, head of the Bureau jn the Rocky Mountuin district, adopted a set-of rules ten- tatively which will govern the wells in the Salt Creek field rolative to AHHENS, Jan, 31.—Prince George} the computation of the royalties due ot Greece and Princess Elizabeth of|the United States on the leases grant- Rumania will be married at Bucha-|ed by the government. rest between February 10 and Feb: ruary 15, accerding to present plans.| Leasing Act of February These regulations apply under the 25, 1929 King Constantine wit! be represented|and they were accepted by the pro- by Prince and Princess Nicholas of| ducers of the Salt Creek area as out- Greece, who will leave here on Feb-} lined. Their ratification by the rest ruary 1. After the ceremony the|of the producers in the Salt Creek royal party, accompanied by Princess | field is expected in a few days, Marie of Rumania, will return to The regulations consist of four di- Athens for the marriage of Prince | visions and are as follows: Carol of Rumania, and Princess Helene of Greece, which will place late in February, King Ferdi- nand of Rumania, will not attend this ceremony. To pay the present Briti.t. gold debt would require 47,171 tong o” the pre- cioue metal, The Financial Outlook for 1921 SEVENTH YEAR Not an Annual Review, but a com- prehensive, conservative and valu- able book on what the master minds of America believe 1921 will unfold. An indispensable guide. to the business man and financicr alike. Partial Summary of Contents Opportunity The 1921 Outlook *. A Composite Picture of Financial and Business America as seen through the eyes of 25 American Leaders of industry. Stock Market Averages for 1920. Ton Year Price Range of Leading Stocks, Ebb and Flow of Price Waves for 95 Years, Trend of Stock Prices During and After the War. Thirty Seasoned Investment and Speculative Opportunities. Complete Sales Record of Curb Market for 1920. Copy free upon request— Edition limited McCALL & RILEY CO., Inc. 20 Broad Street New York 1420 Walnut Street, Philadelphia. Harrisburg, Pa. Lancaster, Pa. Private Wires Connecting Offices N. ¥, { Case 1—Where no new wells have take|been brought in during the calendar month, Count as producing wells each well which had produced fifteen cays Call money LIBERTY BONDS $$ or more during the month and dis regard those which" have produced less than fifteen days during the month,. -: Case 2—When initial production ot @ lease js made during the calendar! month, compute royalty on basis of ‘well days producing, | Mexico, made further gains. OTOCKS GAIN THEN REGEDE Strength Shown at Opening To- day Lost in Selling That Follows NEW YORK, Jan. 31.—Opera- tions of pools in some of the specu- lative issues and firmer money ten- dencies were the conflicting features of today’s dull stock market. Sales approximated 500,000 shares. The closing was heavy. NEW YORK, Jan. 31.—The cancelled much of its early advance on selling of Crucible, Mexican Petro- leum, Hide and Leather preferred and Sumatra Tobaceo. Associated (il also reacted and Manati Suger dropped six points. Rallies buying of General Asphalt and Hous- ton Oil, also several of the indepen- dent steels and rubber shires. An- other reversal occurred before noon, Studebaker falling 2% points on ro mors regarding the dividend which the directors are expected to declare later in the day. ‘The cheaper rails, especiaily New Orleans, Texas and Call money opened at 7 per cent and ex- change on London continued to de- cline. Cotton. NEW YORK, Jan. 31.—Cotton fu- tures closed easy; March, $14; May, $14.23; July $14.55; October’ $14.83; Decemter, $14.97. Metals. NEW YORK, Jan. 31.—Copper— Dull; electrolytic spot and first quar- ter, 12% @13c; second quarter ppt quoted. Iron—Nominal; No. 1 Northern; ern, $30. Tin—Steady; _ spo’ $33.75; futures, $34. Antimony—Spot. $5.35@5.62. Be: Yead—Dull; spot, $4.75. { Zinc—Fasy; East St. Louis spot, $5.00@5.15. “i At London—Standard -copper, 8t pounds 17s 6d; electrolytic, 75 pounds 10s, Tin, 168 pounds 15s. Lead, 28 pounds 2s 6d. Zince, 24 pounds 15s, and nearby, Money Market. ~~ NEW YORK, Jan. 31.—Prime mer- cantile paper, 7%@8 per cent. Ex- change heavy, sterling demand $3.84%; cables, $3.85%4. Montreal, 10% per cent discount. list [> 333; No. 2 Northern and No. 2 South-[ Livestock Mart CHICAGO, Jan. 31.—Cattle—Re- ceipts, 18,000 head beef steers slow, some early sales yearlings and light- weights, steady; demand, narrow; bulk, $7.26@8.50; choice yearlings bid, $9.25; she stock mostly steady; some early sales to yard traders and out- siders, stronger; bulk cows and heif- ers. $5.00 @6.2! canners and cutters largely $3.25@4.35; bulls, slow to low- steady; bids on light stockers and feeders, lower; s—Receipts, 67,000 head; lights, 10@15c lower; others, 15 to 26c low- er than Saturday's average; top, $10.25; bulk, 200 pounds and down, $10.00@10.15; bulk, 220 pounds and up, $9.35@9.65; pigs, strong; bulk, de- sirable, 90 to 120 pounds, $10.00@ 10.15, Sheep—Receipts, 19,000 head; early traders very slow, bidding 25 to 69 cents lower on all killing classes; early lamb top, $10. easier; 60 days’, 90 days’ and six months, 644 @7 per cent. Call money, firm; high, 8 per cent; jow, 7; ruling rate, 7; closing bid, 7; offered at 8; last loan, 8. Silver. NEW YORK, Jan. 31.—Bar silver Domestic, 9940; foreign, 59%c. Mexican Doltars—46 %e. ———_ TWO DIVORCE SUITS FILED Two suits for divorce were filed Saturday afternoon with the Clerk of Court. In both cases the suits were filed by men. James Ryan asks ab- solute divorce from Cora K. Ryan on grounds of extreme and repeated cruelty, He alleges that his wife has continuously held him up to ridicule by displaying her love for another man before him. Divorce from Lutu Garritson was asked by Andrew Gar- ritson, who charged that he was de serted by his wife in Boulder, Colo- rado last September. pate devant HARDING FISHING (By Associated Press) MIAMI, Fla, Jam 31.—Entirely cut off from communication with the out- side world, President-elect Harding this morning .began a two-day fishing 6xpedition among the Florida Keys. A, small club house on Cocolobo Is- land, built by a Miami game club, will be headquarters of the presiden- tial party. The building is the only one on the island, which, according to tradition, once was a pirates’ ren- Time Toans dezvous. Case 3—Where new production is | brought in during the calendar month | on a previusly producing lease it wil! be carefully reviewed by the super- visory office of the bureau of mines and the officials of the company and the best method determined, ' Case 4—"Head wells” which make their best economical production hy intermittent pumping will be consil- ered as steady producers if so oper- ated throughut the month, ee Formerly a marriage dowry of 3 000 was given to the English qu maids-of-honor on their weddings, put this has been discontinued for some time. CHARLES J. STONE Petroleum Geologist Reports and Surveys *\ WINNETT, MONT. Best Bowl of Chili in Town 202 At the Chili King Lunch All kinds of Sandwiches at popular prices. Quick Service, Highest Quality. Grand Central Block 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 Open Every Pay Day from 4:15 p. m. Convenience | _ We're Asking YOU GRAIN PRIGES OPEN STRONG Market Is Bullish on Light Offer- ings at Opening of Trad- ing Today (By Associated Press) CHICAGO, Jan. $2.—-Wh:at prices developed considerable strength to- day after a hesitating start. Lead- ing commission houses became active buyers on finding that initial offer- ings were light. Bullish estimates of the domestic supply together with gossip that recent declines had dis- counted all bearish factors did a g.0d deal to help lift values. Opening quotations, which varied from thu same as Saturday's finish to 1c low- er with March $1.62% to $1.62%_and May $1.49%% to $1.50% were followed by a moderate general say and then by_a sharp upturn all aroun:. Corn paralleled the accion of wheat. After opening unchanged to !gc low- er including May at 65\%c to a5'%c the market scored a decided gencral gain. Oata were coven-d ty the cmorse of other cereals, starting ‘jc to %c down, May 41%c to $41%>, and Ia. ter rising above Saturday's finish. Downturns in the vatue of hogs weakened provisions. CHICAGO, Jian. 31-- Ch ‘Wheat—March $1.60%c; Maz $1.48. Corn—May 64440; July o61c. Oats—May 41%c; July 41) Pork—January $23; May $22.60. Lard—January $12.62; May $13.25. Ribs—January $11.70; May 42.05, Potatoes. CHICAGO, Jan. 31. Olateas low: er; receipts 82 cars; Nortiio:n white sacked, $1@1.10 cwt; bulk, $1@1.15 owt. Provisions. CHICAGO, Jan, 31 lower; creamery extras, 4 stands, 44 Yc. Eggs—Loyer; receipts, 7, cases; firsts, 52c; Ordinary firsts, 49@b50c; at mark, cases included, 5¢e@651. Poultry—Alive, higher; fowls, springs, $2; : —— For hundreds of years th> Chinese ave recrgnized the worth of sprouted grains and seeds and have used thers f many of their dishes. Chon suey, which contains sprouts of beans, is a far better fool tha commonly believed. The value o! it ies in the fact that sprouting. Ike malting, makes the starcn more 4l- gestible (By Associated Press) PITTSBURGH, Pa., Jan. 31.—The Principal oil purchasing agencies to- day announced a further reduction in the price of crude oil. Pennsylvania crude was cut 50 cents, bringing the new price to $5 a barrel. Cabell-was reduced to $3.71; Somerset light to $3.75; Somerset to $3.50 and Ragland to $1.75, a reduction of 25 cents a barrel. DESTROYERS REACH PERU ON CRUISE (By Assoclated Press) CALLAO, Peru, Jan. 31.—Three United States destroyer divisions un- der command of Captain Kenneth Ben- nett, arived here yesterday afternoon forming the advance guard of Unit- ed States Atlantic Fleet, which w: pay a visit to Peruvian waters. The American ships were given an enthus- jastic reception, The official program arranged for the entertainment of the officers and crews of the American ships will be- gin tomorrow with the arrival of the battleship squadron of the fleet. Ad- miral Henry B, Wilson, commander- in-chief, will go to Lima for the pur- pose of paying a visit to President Leguia, the foreign minister and min- ister of marine. A four day holiday, beginning tomorrow and ending Febru- ary 3) has been declared by the presi- dent. SANTA ELENA, Ecuador, Jan 31— A Chilean fleet, commanded by Admir- al Gomez Carreno, passed this port today and exchanged wireless saluta- tions with government officials here. It went northwrd to meet the Ameri- can Pacific Fleet, which is on its way to Valparasio, Radio m¥ were exchamged by the fleets durine the day, ee et 10! IN consumes about 14,000,000 tons of coal yearly. - Geologists Oil Experts Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. int P. O. Box 325 Rm. 10, Lyric Men on the Pay Roll of the If you spend all you earn some other. fel- low is banking your money. That is as sure as death and taxes, and twenty or forty years hence, when you are old, some other fellow will be living on the income from your money. It’s a sure thing YOU won’t be living on it. Midwest and Standard Refineries Who Is Banking YOUR Money? Our Dime Yj Bank Will Help You Save Part of Every Pay-Check | WHAT WILL YOU BE LIVING ON? ‘Answer this question for yourself by cash- ing your pay-check next pay-day at this bank, leaving part of your money in a savings ac- count that will pay you 4 per cent interest, compounded semi-annually. That’s the way to Commence Banking Your Own Money The National Bank of Commerce “A Bank of Strength and Service” Casper, - —emnenes Wyoming