Casper Daily Tribune Newspaper, February 5, 1921, Page 7

ana d of one of the y years experience in the man has tees ntly completed Tisdale, ne Were drilled the shallow territory red that the iF oan sere le in tir was after i agate 4nd that it found the water that con-| emn ope son ‘operation in the found a-show- | T g of electra in. the upper for- ms where e was found er. Tn piloh well how: 4 Susht’ to be for any ec ana o attention was shecthers paid to it, F e screding to the Boologiat from the ‘ho just completed bet survey, ihe formation ia the true oll bearing formation of the Tisdale area and while the will not be great gushers in the shallow there is excellent possibility of “obtaining Small wells that will average from 10 ‘to 50 barrels settled production of a high grade orude' that Will rank with the best oil produced in the state. ‘There are three Wells in the shale ever the Dakota sand now in the Tis- ale field and this sand Will be found from 200 %> 600 feet under the sur- face with a sible area of nine Square miles. These wells that havé been arilied to date are rather hard to estimate as to thelr possible. pro- duction but it is;thought they will settle down to about 30 to 40 barrels per day with efficient handling. The main idea ef this report on the Tisdale field however is the posyibil- Aties contained therein regarding the Balt Creek fieM itself. In this report the oi] Geologist outlines a possible oi} Feservoir in the Dakota sands under the Second Wall Creek and were this found to be true, its future effect upon the Salt Creek field can hardly be es- timated. ‘This would mean that there js a} great body of petroleum underlying | ‘the Salt Creek field’ in the Dakota) sdnds and therefore @ few Hundred | feet under the Second * Wall Greck fand, that is today the main pil pro- fung horizon of that field. Its size ‘ean only be ‘es' fed very. roughly, tirally “be supposed’ greater than the Sec- for jt cette hat the fad Js in me is taken! of the Salt Gught that-there! ‘the Shannon for-. .. Shannon found ‘In the vary Rist Creek ee it was ywas only one cy the first oii in the field back in’ 1834. MLater on vin the ni the first) Wal Creek was found to ‘contain: o}! and the area of the accordingly to include non carpment of the inner part of: th present field. Then the test that Ati ‘oi in the Sdeond Wall Creek was riled and today the operators are Ftill_ extending: the ‘Hold. though 4 Brea as Peme “by” ‘will’ shortly be Sts. boundarie: will be many “years however before cok Brera? en Known productive area is |i! ipietion ore 8] ould im other ofl bear- ine th tande under the Wall Creeks is a condition that is lly conceived for the oil regions of this and all other countries generally show reservoirs In eral different horizons and under- lying each other. In Oklahoma for in- Stance there are places where’ oll is found in paying qantities in eleven different sands ranging from 200 feet to 2500 feet. Deep Test Planned. The old Torchlight operation up in the Big Horn basin is to have a deep test this coming sesaon. The weil is expected to be drilled about 4,900 feet if no oil producing sands are encoun- tered above that point. The Torchlight is one of the high- est grade crude producers in the elds of the northwest, The oft is Such a good quality that it can be Pun through a still and only a very percentage of waste is loft in the still bottom as residue, abos: the le e Of oll refines over into cuts that make marketable oils. ® The trouble with the Torchlizht e Salt Crock fi oo is sob z ical ey a id especially in relation to.the new w. extended! | Doundaries of the|~: ce Second Wall ese and that ly defined. 1t = uy “the whe bad oil fields of a rey of ae an such ‘small producers that the men have surned their atternon to other fields" whers the returns on’ the Investment are larger and the risks propottionatély greater.’ aie is sig that the Eel fere is “Come great gent lerground and ee as ft is usted We yi to the surface throigh the manybeds of sand/and shale, it i4 ee BE cath Bera tats at mi: such a hig: le er as is delivered’ by ie ft worls. * The deep. test that is-being pronitiot Fa is to try and discover this de-p pay. New Well Due. The dik= “Con on company well Frantz No. 5 in the Cat Creek ‘field In “Montana should be in today ‘or tomorrow. | ‘The ‘tools are on top of thé ‘sand and ‘a slight cave: caused some trouble “or the well would have been in by now. This well Is looked upon as a sure producer and Will extend the fle'd limits’ only @ Uttle as it is located within the defined area and it is on the-east dome of the field. Duster Absadoned. In the Thermopolfs ‘end of the Big orn basin, the Simonsen well of the Mexico Wyoming has been aban- doned as a duster and: the whole Structure is therefore condemned. This dome lies west of Thermopolis on Owl creek. The Mexico Wyoming has moved onto the Owl eréek dome from the Simonsen dome and will py) awn a test there. This Tast loca -' is al- ready started and the hoje’"t,/in the 8-inch pipe and about 1,: Téet desp, The Western States is also drilling on this same structure. The Mexico Wyoming has made, some creditable showin: iB accom- plishments of work done new management’ took affairs last fall and og ie’ tor ine work is ‘attributed to the new field maflager and his men. The same firm has shut off the. gasser they drilled in on the Little dome on the north end of the Grass “reek field and this well will be dri ed on. down shi The Oblo ON company has’ devel- oped a still heayior © Tlow hp it is drilling on the Golden, Eagle dome ante ge of Thermee sh on e ground of the Wyomir stone. The well is to be however in order to make a test of the’ lower formations. from ‘he that’ 18 ‘to cae hel the Burlington at Frannie. The work Ys star' April, Oi Exports. Export of mineral’ oils from the United States during Besarber ag- gregated 320,178,731 gallons, valued at $62,447,747, according to a statement just compiled by i) } Sepertment of commerce. ‘These compare with 249,595,749 ihe yaltted “at $33,277,055 for December, 191 The December, 1920, exports were divided as follows: Crude mineral oil, 28,966,888 gallons, valued at $2,977,- 419; iNuminating oil, 2 gal- lons, valued at $14,081,962; Tubricat- ing oil, 50,540,113 ‘gallons, worth $19, 916,527; gasoling, naptha, etc., 6 8,368 gallons, worth $19,144,212 residuum, fuel oil, etc., $4,180,815 gal- lons, valued at $6,327,627. Jewelry and Watch repairing by ex- pert workmen. All work guaranteed. Casper Jewelry Mfg. Co., 0-9 Bldg. - CHARLES J. STQNE Petroloum Sianlostet Mont. tl the quantity of produc: WINNT, ‘field js bat a ro! The Nicolaysen Lmbr. Co, Everything in Building Materi; BIG TIMBERS al A SPECIALTY FARM MACHINERY, WAGONS Phone 62. Office and Yard: First and Center NEWER FOX TROT kb REX MAYNE _ SINGING LATE SONG HITS: To Eight Forty-five ~~ REE This Bessem: er to, i Blackstone ton te too mma aaa thu wens are | Be ° +] velopments be| Shown to be he Casper Daily ‘Today's Markets by Wire . p -Feraished by Tayla & Clay Fog OF Bangs 19 03 +03) 40 B. T. Williants —. 2202.5. FPrant Lusk Petroleurn Mike Henry - Mountain & Gulf . Northwest .. Out Pica Riverton Refining Royalty & Producers Sunset —... ‘Tom Bell Royalty ‘Western Exploration Wind River Refining Phas 203-204 03 » a2 NEW YORK CURB CLOSING Midwest com. Midwest pret. |Western States Prod. & Refrs. . Cities Com. 8. 0. India es NEW XORK STOCKS Mexican Petroleum Sinclair Of 81.75 118.50 FOREIGN EXCHANGE $3.85% 0708 -4 0160 ----8 per cem $91.86 88.50 86.30 86.70 86.20 89.60 86.60 Wyo-Kans . seeccem 210 Victory 4%s - - 97.08 WYOMING (RUDE OL MARKET Grass Creek Torchlight GREYBULL 10 SHARE BUILDING Standard Negotiating for Land to Increase Refinery Ca- pacity, Report Greybull is to share in sion of the plants of the Sta‘ on Company of Indiana, Plans are now under way for the purchase of addi- tional. ground {h Greybull and ad- joining the Standard Oil company's! plant for building additional refinery equipment. The additions to the Greypull plant are called for by the a de- in Montana the |' northern part of the Big. Horn reste y] It-has been definitely ascertained thas the Grass Creek field is destined to almost double its production by the deeper drilling of the wells there and estimates state that there are any- where from 400 to 600 wells :o be sent down to the new pay in the Grass Creek field and. which has heen le of even oll production ‘than the presen Besides the oil itself, the Big liorn taste Seuptey is ag. believed to he- largest compression 5aso- line syeehiiy al in the werld in tima ns this region is exceptionally rich in a gas that carries creat quantitica of the lower hydrocarbons which 9 to form our commercial gasoline. The a field is the only large field of this Kind that 1s. being utilized and at that place the Hope Gas corr pany, & subsidiary of the Standard interests, has built _a_large absorption pisnt:l Big Muddy 22 1.65 Pilot “Butte wanna == 1.85 Hamilton Dome --------------- 1.65 Mule Creek --------.----. 1.20 The Byron field is now thought to be smaller in actual gas area than either the Oregon’ basin or Buffalo basin fields and the recent discovery at Elk basin that, that ares is als> uv- deriail with great gas’ deposits lends further weigh: to the argument ti at the Basin “country. holds out mouré to the gasoline plant enginecr thin any other region. RE-OISGOUNT RATE 1 INCREASED BY BOARD (By NEW: YORK, ence .—Re-diseount rates at the local Seners) regerve bank for short advances, nnd sixty to nine- ty days re-discounts based on treasury certifientes of indebtedness, will be aldvarie tea thor tive and one halt Up, The change !s the hath ne yt 1 of last year. THe ya advante docs away with the preferential ‘rate In favor of treasury certificates as opposed to berty bonds and victory notes. The. pre! mein rate has been in f since June when the rate*on-the latter securit was. advanced to six: per cent. The rate on commercial paper at that time ‘Was advanced to seven ‘per cent. © i Tu aera if Tribune Want Ads bring results. DUPLEX GARAGE Railroad and Walnut, wes‘ of Northwestern royndhouse. First class ayto repairing. Reasonable rates. All Work Guaranteed Phone fs FIRST SCOTCHARISH DANCE To Be Held at the Odd Fellows Hall SATURDAY, FEBRUARY 5 Commencing 7:30 P. M. . Admission $1.00 THE SUCCESSFUL MAN, as you may have observed, is always an extensive investor in REAL ESTATE. Now-a-days, many such men, a majority, in fact, buy and sell through some reliable, experi- e and competent Real as they would consult t fronted with a legal pro! te Firm, the same _ heir attorney when con- blem. Real Estate is a business by itself and demands a constant studying of co one not daily in touch, posted, nditions with which any- cannot keep thoroughly ’ An Office That Knows Its Subject See Ben Realty Co. TO-NITE : AT THE WINTER GARDEN Famous Frozen Sweets Free to Every D SENTIMENT QN GRAIN BEARISH ‘ Heavy Undertone a1 and Light Of- ferings in Evidence at Sprains Te Today By’ Associated Press) CHICAGO, Feb. 5.—Wheat started with a heavy undertone today. The rade was very light ard the mark«t Was easily influenced, the sentiment being generally bearish because of, Argentine news, the ‘trade. figuring that regardiess of the price of grain there the fact remained that the Unit- ed States must compete with’ offers from that ‘country in the world's mar- ket. There was’ some free selling by & Igcal trader who was a good buy- er Yesterday, and the early. upturn Livestock Mart | carcass, be ria retter 2 Bureau of Markets}—Cattle—Receipts, 1,000; compared with week ago, beef steers generally 2b¢ lower; spots off more; she stock 25¢ to 50c lowér; bulls 50c lower; calves, $1@1.50 lower, stockers and feeders, 25c to 50c lower. Hogs—Receipts 8,000; market steady to 10c higher than Friday's average; closing weak; top; $10.35; bulk 200 pounds down, $10@10.25; bulk 220 pounds up, $9.30@9.60; pigs steady to strong; desirabfe 100 to 110-pound pigs ground $10. Shéep—Receipts, 4,000; compared with week ‘ago, handweight lambs 25¢ to 60c lower; weightier kind, 60c to $1.25 lower; yearlings, $1.25 to $1.50 lower; matured sheep, 25¢ to 50c low- were stantially better. on London rose rately terday's final quotations, SNORTS BOOST STOGK PRICES Rapid Covering of Contracts Forced When Bull Pools Are Organized Money and Exchange. NEW YORK, Feb. 5.—Prime mer cantile paper, 7%c. Exchange irregular; sterling de mand, $3.82; cables, $3.83%. Montreal, 11% per cent dincount. Cotton. NEW YORK, Feb. 5.—Cotton fur tures closed steady; March. $13.75; ES May, $14.14; “July, $14.50; | October, (By Assotiated Press) $14.80; December, $14.92, * NEW XORK, Feb 5.—Shorts contri- buted very largely to the relative strength of today’s stock market. The aggressive attitufle of bull pools in the more speculative issues prompted hasty covering of contracts. “Ols, Steels, equipments and rails were es- pecially prominent at gains of 1 to Silver. NEW YORK, Feb. 5—Bar ritver, domestic 99%c; foreign, 60c. Mexican dollars 45%c. er; feeder lambs, 75¢ to $1 lower, a Cee firsts, 44%4c@44%; ordinary firsts, 40c@41; at mark cases, included, 42c¢ Which developed in the market was |@43. goon checked. Opening prices which Were % lower to % cent higher in- gluding March $1.52% to $1.53’ and May $1.44 to $1.44%° were ‘followea A WOMAN by 8 slight setback. ‘Wheat took a sharp upturn later because of general buying - Mdjicod by “reports that Greece was after wheat in this country and ¢n jreen bug talk from Texas. ‘he market closed strong with prices’ ehowing a net advance of 3 to 4%c with March $1.57 to $1.57% and May $1.47% to 91.47%. Corn was very dull with rather ger- eral selling of the May delivery around 65 cents. The market as a whole fol- lowed the action of wheat. After open- ing % lower to % cent higher with May 65 to 65%c, a weakness set in and prices declined slightly. Corn later rallied sharply with wheat on rather general buying, Prices soon going above the final Mx: Ures of 1 week ago. he finish was firm with prices showing a net gain of 1% to 1% with May at 66%c to bbc. Oats were in sympathy with other grains, starting % cent to % cent higher with May 41% to 415%c, then showing a tendency toward lower levels. Provisions were weak with grains. fl Grain Closing. CHICAGO, Feb. 5.—Close: Wheat—March $1.57, May $1 47%. Corn—May 66%c, July 68t4c. Oats—May 42%c, July 43%c. Pork—May $2 Lard—May $1 Ribs—$11.77. Provisions. CHICAGO, Feb. 5. creamery -extras, Egges—Lower; receipts, 10,637 cases: Poultry—Alive, springs, 28%6c. Potatoes. CHICAGO, Feb. 6.—Potatoes—Re- ceipts, 34 cars; northern white up Sc to 10c at $1.10@1,20 cwt.; bulk, $1.20 @1.30 cwt. up Se to 10c. Idaho Russets sacked, owt. a NOTICE TO SHEEP ‘MEN. Register for 1921 shearing at Bish- op is now open at the Richards & Cunningham store. Please register at Your earliest convenientée, 80 we will know amount of sacks to order. THE BISHOP SHEARING PENS. 1-23-30t lower; fowls, 28¢; $2@2.25 elec Many a girl who wou't think elie was being imposed upon if asked to spend an hour painting the bath- room floor, spends many hours paint- ing her face. The (Colorado Nursery Company Established 1880 Incorporated 1907 J.Q. Jaekson, Mgr. Loveland Colorado ‘There has been a big demand for large trees this year, If you have not placed your order, do so at once as the fol- lowing includes all of the large stock that we will have for spring delivery. 100 Extra Large Cottonless Coton- wood, 100 Extra Large Carolina Poplar 50 Large Elms. These trees are ‘all 2 to 3. Inch stock and about 12 feet in height, This is the’ last canvas before spring delivery, which will be made about April 1, 1921. Have your orders ready and I will call for them. S. H. PUNTENNEY General Sales Agent Residence 610 § Park Ave Phone 760-J J. E. LLOYD Has just received a large shipment of plumbing material and is now prepared to figure plumbing work at reasonable. fig- ures. Call, Phone 697M, residence phone 576J, and let me figure on your job. WHEREVER YOU TRAVEL YOU’RE IN TOUCH WITH HOME No matter where your travels take you, the State Department watches over you and is ready to protect your interests. The part which the State Department plays in our international relations is entertainingly brought out in one of the highly interesting and instructive series of illustrated folders and booklets dealing with the various depart- ments of Our Government, which are being distributed exclusively by this Institution to all who desire them. If your name is not on onr list, send it in at once and we will gladly forward to you all the issues to date. There is no obligation expressed or implied, Citizens National Bank Oil Exchange Building ANCE LESSONS Popular 10c Public Dance Nine O’Clock ADMISSION TO WINTER GARDEN 25c. LADIES FREE . SCHEMBECK’S JAZZ KINGS Casper Auto — Top Shop Experienced workmanship guar- anteed in all trimming and up- holstering work. Ctishions for different makes of cars on hand. Phone 749-3. 7th & Center Sts. 2% points. A demend for Reading common, and the first and second preferred suggested early announce- Ment of the company's segregation plan. Strength also was shown dy Mexican stocks and bonds. Buying tf these sectirities evidently was based on reports that the Mexican goyern- ment intends to refund its foreign debt. The closing was firm. Sales approxi-| mated 250,000 shares. NEW YORK, Feb. 5.—The stock qnarket was full and hesitant at the opening of today’s session, but trad- ing became more active as price tend- encies strengthened on short covering. ‘The wsual favorites led, namely oils, | steels equipments and shippings. With- in the first half hour, gains of 1 to 1% points were scored by General As- phalt, Mexican Petroleum, Houston Oil and Crucible Steel. American In- ternational, Baldwin Locomotive, Am- erican Woolen, Chino Copper and cuv- éral of the transcontinental rails also COAL; N. & A. Coal Co. || Phone 1400 FORTIFY ! 11! AGAINST LOSS BY FIRE We Write Fire Insurance ANYTHING WORTH WHILE RE- QUIRES AN EFFORT. Your widow and children will collect only those policies you had in force at death. “Capitol Life’: McGrew Phone 153 BUILD NOW! Plumbing and Heating goods are as low now as they will be this year. Estimates will be given gladly without obligation. Schank Plumbing & Heating Co, 359 East Second St. Box 628. Phone 711 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