Casper Daily Tribune Newspaper, March 15, 1921, Page 7

OIL SITUATION CAUSES BLOOM Falling Off is esa and Drill: ing Regulations. Cause Con- cern Here The present” conditions are causing concern in all the oil circles of this region, hecause’of the slackening up of orders for refined stocks and which lack is enusing ‘| congestion of such ofls in the storage tanks here. The producers are looking askance at the government regulations under which they have obtained their leases and. especitlly are they concerned over the clause regarding the rule that says every lease must be drilled within, a specified time. Under the regulations of the de- partment of the interior, every lease must bo. drilled within three months after it is turned over to the appli- cant for dt. This rule, alone, is result- ing in the drilling of a large number of wells and ite effect is augmented by tre necessity for off-setting. In conseqvcJce, Production is fast over- taking. the facilities of the pipeline and the storage tanks of the Midwest Rofining company. To restrict produc- tion the company has postnd a pro-rat- ing order under which it will buy only 65 per cent of production, from wells already drilled, or which ary, on top of the sand, or are drilled 1 comply With the Loti mers ruling. It will not buy ofl from fwells which aro shot to increase their yield nor from wells whose completion js not mandatory under these conditians. It is understood that*the Midwert company has ordered a largr, amount of storage to be erected at the Cas- per tank farm, but this it is adyaittea can give only temporary’ relfef and it seemsprobable that, in the. near future some other soliydon will have to be found. A plan Jias been under} Lander consideration for sorac ‘yaonths look- ing toward the bui}iing, by the Tllin- ols Pipa Line company of a line across the Big Horn méuniains to connect with the:-Grass’ Cveek-Greybull line at Chatham. Foe ¢. line of this kind, it will be impervtive that the carrying }> charge be rather high compared with other and gaerter lines in and in thy ‘present state of the oil industry. this. plon. may be abandoned at least//cemporarily, though it has by ‘no sAeans been discarded, Another solution is offered by Frank E. Kistler, president of the Producers & Jefiners corporation, who is hav- ing; plans made for the laying of an wmependent pipe line from the Salt Creek field to Casper and the erec- tion there of @ refinery, which will not only“tak®’ care of the production from his company’s leases in the field but also! other independent pro- duction which may be ayailable. Kist- ler. proposes, if. le can obtain the funds for this work to run a gas line from ‘the:Sand Draw field, which is the largest ‘gas producing area in Cen- ‘and @ supplemental ‘ot’ supplying fuel for his refinery.and also for market- ing to.the. Midwest refinery and the suggested remedies for congestion in the Salt Creek field are difference, feasible and the only be- tween them is that the Illinois Pipe Line company has the resources to enablé it to carry out tts plans if a poration, if it starts in the race, must first finance the undertaking. eae IVANHOE OIL COMPANY DEFENDANT (N AGTION FILED BY ANOTHER ‘Tho Ivanhoe Oil company, at one time fathered by then prominent Cas- per people, hag been le defendant ja an action fa which fe Castle Gar- den Oil company is attempting to se cure enforcement of contract and pay- ment of $11,409.69. The plaintiff com- pany alleges this amount to be due on @ working agreement which has already cost it $52,819.38. According to statements containét in the on file at the clerk of court's office, the Castle Garden com- pany entered into contract with the Ivanhoe company to develop the southeast quarter of section 24-33-/0 in the Immigrant Gap field. To fulfill this contract the expendi- ture was $52,819.38. Of this amount $30,000 was in the original stipulation for the Castle Garden company to ex- pend, Further expenditures were to be borne equally by the joint inter- ests. To recover on the contract the Castle Garden company asks judg: ment for $11,409.69. pasate Aisne Special attraction at the big public dance at the Winter Garden tonight. See Mrs. Simpson Scotch can. ‘ THESE WINDY DAYS— Be Sure You Are Fully Protected Against Loss Resulting From vis. as only the} Blackstone Salt Creek a Boston- Dehrin'n Fe coendowes. 02.04 Kinney . . ne 18 Larice Creek Yooyalty....... 05 Like Royeltg: vce OT Task Petresoum,—...___._. .08 Mike Henry ....sve-viceces U6 Mountaja & Gulf ........, 92 forth deewee 28 wenore OL “08 Riverton Retg. . 05 Royalty & Producers .... 17 Sunset .....5. 06 Tom Bell Royalty 04 Western Exploration .. 2.00 Elk Basin 522 1.76 Greybull> oo 198 Lance Creek eee eee MARKET GOSSIP erous fields that are now inthe This little town of less than 1,000 has already assumed a. boom propor- tion that will rival any staged in ‘Wyoming towns. The first. develop- ment in the town proper will be the opening of the new Midland hotel. a 60-room institution which is owned by the Midland... Investment Among the Casperites,, who - will: at- A. J. | W. As Blackmore, M. J, Gothbéerg and George W Jar- $600 JUDGMENT 1S ISKED OF OL MAN W. HE. Marrion of the Marrion Oil company has been sued in district court for $2,600 which D. W. Car- michael alleges is due him. A writ of attachment against the property of Mr. Marrion has been issued to cover the amount of the note. It was al- leged that Mr. Marrion was prcparing to move certain property outside ths Justedtotion. of ‘ive. tee ace of the local MAN ASPHNXIATED BY GAS 1S LAID AT REST Funeral services for George Brackett: who was asphyxiated at a local gar- age last week will be held under the direction of Rev. W. D. French at the Shaffer-Gay chapel at 2 o'clock this afternoon. Interment will be made in the local cemetery. Totes i s Mearhets = ye e NEW. YORK STOCKS © = Petroleum ..$139.50 $149.50 company. |} tend the opening of the new hotel are} > reac Sinclair Ol... 2.22... 21.25". | 28.25 TH8T 115.25 115.50 GE FOREIGN 6. 70 } 90.16 86.84 ss ++, 97.26 Rock Creek -.. —=-$1.50. Salt Creek CICS SRY?) Big Muddy. -.. meme ens 1.40 Pilot Butte .—.. eile TAS Hamilton Dome one 1.40 AND FELD. NEWS ? === CASPER 16 INTERESTED IN UTAH That Casper interests will dominate:in development of Utah fields igs shown in the news reports th simmering through the secrecy that is maintained in the dis- trict. Green River; Utah, will be the gateway to all the num-}; at are gradually prospective sient a is already the rallying ground for supply and oil compani FRANTZ RIGS UP -FORNEWAWELLS plideasieg Seon wg al Weekly Report |! WINNETT, Mont., March 15.— The Frantz-corporation operating in the West Dome field on Cat Creek has rigged ‘up two’new. wells with standard equipment in the last ten days, Well No. 6 which was drilled: in the center of the northwest quar- ter of the northeast quarter of Sec- tion 14 was put on the pump shortly after it was drilled in, and is produc- ing 250 barrels per day. The two new wells, Nos, T.and 8, are located in the same quarter section, No. 7 »o- ing 440 feet south of the No, ? or discovery well in this pool. The Mid-Northern Oil Co, is also active in starting new wells. On the Catlett tract in Section 13 they have erected a new standard rig during the past week. The West Dome Co. oper- ating in Section 9 have also begun jan active campaign to drill out their holdings. Two No. 30 Star rigs were hauled to their location about = month ago, They are now .being placed in position with 64 foot derricks ulong the: west line of their property to off- set wells of the Ritter-Lawson Co. Also among active companies is the Homsétake Oil Co, This company brought in their initial well ten days ago, are drilling their second well, and are erecting a new derrick for THE REXALL STORE ALL THIS WEEK The Kimball Drag Store THE PIONEER STORE 9 | on 21, g|der_leaso to the Frantz, Corporation Cat Creek Region, One of Most Rexall I i aR Section 11, brought in a new ing the week: ‘The oil raixod erty of the Seattle-Silver Bow com- pany and will apud,in this woek. On’ the river “in Section 21 Frantz Corporation brought in Charles well No, 2.\ Some difficulty was met in casing off the upper wa- ter and the well is making consider able water together with high grade oll. The’ Montacal company in the same structure but located in the northeast corner of Section’ 20 js drilJ- ing at a depth of 700 feet. The Mic. chell Royalties Oil Co, will spud in their initial well in the southeast quar- ter of the northeast quarter of Sec- On the Jackson holdings un- in Section 27 a well was spuddez dur- ing the past week. This well should get production in the first or Dakota Sandstone at a depth of 850 feet. The Mosby dome syndicate are erecting a rig in Section 84 in the bank~of the Musselshell river. This is on. hold- ings of. the Midwest company. The Cat Creek~ Water and. Development Co .fs active in putting up tanks for 15,000 barrels water storage, and a 4.2 mile pipeline from the west. dome field to the Musselshell river. They fre preparing to market water to all operators in the entire field. MAN WHO STOLE WYATT CAR MUST FAGE TRIAL Carl Peters recently arrested here on-a,charge of stealing. an automobile belonging to Henry Wyatt will stand trial in district court March. 18, ac- cording to arrangements now per- fected. Frank J. Wolfe, former chief of po- lice-who worked up the case against Peters as a representative of Mr. Wyatt, leaves this afternoon for eastern Wyoming — and Nebraska Points to supoena witnesses who will appear against Peters. Wolfe will first. stop at Andrus, Nebr. From-evidence given out it appears that a strong case has been develop- ed against the accused man, as he is aid to have been identified by peo- ple-‘who sew-him driving the Cas- per man’s car and also after he aban- doried “the machine. G:maehine. §. INSTITUTE BROUGHT TO SUCCESSFUL CLOSE Sunday. ‘School institute, can: “Methodixt ehurch Sun- y Mts. H. R.. Shaw jerintendent © ‘of elemen- lorado: Sunday School “Resociation, © a close last night. “Officials, “teachers” and workers in general. took advantage of the twoday cacy which proved highly profitable... .° Shaw «emphasized the’. neces- Pa giving the Bible stories and lessons in a clear, concise manner to methodist chureh. parlors’and attend- eat by About 60 guests.” ’ |UPWARD TREND IN GRAIN MART Continuation of ok Expat” Boyitig * Marked by Steady Improve- res ment in ices CHICAGO, March 15+-Fresh ex- port business led to moterate . up- today in the price uf wheat. ing quotations which varied from figures to 1c higher with March $1.55 to $1.55% and May $1.47 to $1.48 were followed by a geroral sag and then by upturng again. Subsequently, estimates that export The close was unsettled, Yc to 1c net higher with March zi: “AL to $4.55% and May 31.48% -to 1.49, Corn paralleled the -action ‘of wheat. After opening unchanged to %c bigh-| er including’ May at 68c to 68%c, the! market declin a little and then scored a’material advance. Lightness. of receipts had consider- able bullish effect. Tho close was steady at %c to 1440 net advance with May 69c. Oats were governed ‘by the course of other cereals, starting %@%o off to a like advance, May 42%c to 42%c and after weakening teraporarily went up-grade. Provisions hogs. averaged lower with CHICAGO, March 15.—Close: Wheat—March $1.55%4; May $1.48}. Corn—May 69c, July 71%c. Oats—May 42%c, July 43%c. Pork—May $21. Lard—May $11.80, July $12.15. Ribs—May $11.40, July $11.75, GREAT BRITAIN MAKES GUT IN NAVAL BUILDING: Estimates Acnumnted Today Are Based on Policy of ““One-Power Standard,” Declares First Lord of Admiralty LONDON, March 15.—The British naval estimates for 1921-22 amount to 91,186,869 pounds gross and §2,479,- 000 pounds net, it was announced by Lord Lee of Fareham, first lord of ‘the admiralty, today. In a statement explaining the esti- mates, Lord Jee sald they were based on the government's policy of main- taining a “‘one-power standard.” “It 1s the duty of the admiralty to carryout that policy as economically. a8 poysible,” Lord Lee's statement continued, “giving full weight to the special geographical, international and other considerations which have arisen since the war... This they are doing—in no mechanical spirit nor with insistence upon-numerical equal- the lowest limits compatible with na- tional: security.’” Lord Lee pointed out that economies included @ reduction in the number of capital ‘ships in full commission from twenty to sixteen as compared to 38 in 1914, ity—and recognizing to the full the) necessity of reducing expenditures to) Livestock Mart CHICAGO, March 15.—{U. S. Bu- reau of Markets)—Cattle— Receipts 12,000; beef steers and butcher she stock .opened slow; undertone weak; bulk beef steers $8,75@10. bulk cows and heifers $6.00@8.00. Hogs—Receipts 26,000; slow; mostly 25 to 60c lower than yesterday's aver- age; top early $11.30; practically top Tater $11.10; bulk 200 pounds down $10.75@11.15; bulk 220 pound up $9.75 @ 10.60. Sheep— Receipts 22,000; opening slow; first sales 2c lower lamb top early $10.60; bulk fat lambs early Mepis SS oe aM CONVICTED MAN WILL TESTIFY IN LOCAL CASE deal ing pot’ mad Criminal ““Double-Crossed” by Alleged Companion in Thefts Here Has Own Story chr} to Tell er, Results of “when thieves. fall out,” will be given demonstration in @ local court soon, if plans of Sheriff Lee Mar- tin carry, and the tact that dificulty exists may aid’ County Attorney Al- fred FL Lowey to secure conviction in an otherwise hard case. Some weeks ago Robert Wiley and. James Dolan were arrested here charged with stealing tires and other automobile al les from the Bur- Ungton railroad’ company. ‘The arrest was made by Frank Lee, special agent. It was subsequently learned at the sheriff's office that Wiley was wantod in Indiana on a burglary charge. Be- Meving that he would receive a stronger reprimand in the eastern court, charges were suspended against the man here and he was turned over cific moni cant! and Dull; trial of the case in the eastern state, DRIVE MADE ON {Mexican Reports Used by Shorts | to Bear Stock; Rally Follows NEW YORK, March 15.—° Reports responsible for another -drive against oll shares at the opening of today's stock market. Mexican Petroleum, sell- 2% ot mreattiobas Other taenen of the same class ‘were lower By fractions to a at declines of 1% and 2 points, were | among the other backward stocks, to- gether with Reading and Mercantile Marine preferred, ‘The fow irregular gains «of “Active stocks extended clines in the early trading on today's stock market, especially United Fruit, | Crucible, Reading and Hide and Leather pre- ferred. From the lower levels, ever, there were | brisk: recoveries. of | 1 to 3% pofnts.. Mexican Petrol¢um, Baldwin Locomotive, States Steel were conspicuous in the rally. Northern Pacific and change on London was firm and call cent. NEW YORK, March 15—Primo mer- Rxchange—Irregular; mand $3.89%. ‘Time loans steady: NEW YORK, March 15.—Copper— @12%c; second quarter, 12% @13c. Lead—Dull; to Indiana authorities. Following the xy npot, $1504 87%. FUNERAL SERVIGES FOR DELILAH WILLIAMS. HELO THIS & Delilah Iva OIL LIST TODAY 1T-yeur-old daughter of Mr. and Mrs. Juda Wil- |lems of 613 West Bleventh street, who died at 6 o'clock yesterday morn- ing from an attack of pneumonia, {which lasted less than a week -will ‘Williams, in Trading Ing (with ‘Mexican ‘affairs were iy buried in Highland cemetery this afternoon, + |_ Services will be held at the Gantz Memorial Methodist church with Rev. W. L. French officiating. School friends and scores of friends of the family in Casper will attend the ser- vices. WILSON GETS $40°000 FOR BOUT WITH O°DOWD NEW YORK, Maret March 15.—Johnny Wilson, middleweight boxing cham. pion, will receive $40,000 for his. 1-round decision bout here Thurs-- day with Mike O'Dowd of St. Paal, the former title holder. Six years ago Wilson boxed ten rounds here with Knockout Sweeney, for which he received $11.25. phon Sia rt EE Don't miss the big public dance to- night. The Clan Stuart No, 248 will hosts. MOTHER'S FRIEND For Expectant Mothers. « | USED BY THREE GENERATIONS rm pipette Points to its recent series promptly | i Crticible Steel and United Fruit | the first’ half hour were le by stooks of little importance. their de- Pan-American Petroleum, how- | Pressed Steel | Atlantic’ Gulf, Chandler, Harvest- | American Tobaeco and United Standard rafls ale? hardened | Southern Pa-| making moderate gains. Ex- ey was in free supply at 7 per} Money and Exchange fle paper, 744@7% per cent. sterling, de- the Baby, Free BRADFIELD REGULATION ©6., 60 days, 90 days Dept. 5-D, Atlanta, Ga. six months, 644@7 per cent. Metals. CHARLES J. STONE Petroleum Geologist Reports and Surveys WINNETT, MONT. electrolytic spot and March, 12 $4. Sst. Spot, Nast Louis deliv- Wiley was sentenced to serve between two and fourteen years in the Indiana | penitentiary at Jeffersonville. In the meantime, Dolan, learning that his confederate had been put away for a long time, turned state's evidence and provided .the local an- thorities with & fishy story, placing the responsibility for the robberies here on Wiley. It is said that the sheriff's oMfce gave Wiley an opportunity of disput- ing the charges that have been made against him. In his wrath at being double-crossed by his former team- mate, Wiley is said to have told a straight story about the local jobs. So that Dolan will have a chance to face the man, he accused George Masse left last night for Jefferson. ville, Ind., to take charge of Wiley and return him here to testify at Do- lan’s trial, which ts set for hearing in district court this week. ——_—_——»—_— Haye you anything to sell. Try a Tribune For Sale Ad. GEYERAL HOUSE REPAIRING COMPANY 200 West Ist St, | Phone 1311-W Brickwork Paperhanging || |] Carpenter Work Painting H Cement Work Kalsomining } Anything pertaining to House Repairing MM. D. Barnett M. M. Petker, Mer. Manhattan Underwear satisfied, we are see the style in by satisfaction. Your Spring “Barnett’s, OUR satisfaction. is the. most important thing with us. in. run- ning this business. If you are not: We find that Chesterfield clothes ‘satisfy more men than any other kind we have carried. When you ‘compare the values with the prices, you will understand what we mean Outfitting Zo. 120 East Second Crawford Shoes not satisfied. ~~ our clothes and Suit Is Here of Course.” ig Public Dance WINTER GARDEN TONIGHT Auspices Clan Stuart. No. 248 Order of Scottish Clans Hoot, Mon! - The heather’s afire. SPECIAL ATTRACTIONS MRS. ROBT. SIMPSON Champion Lady: Dancer Will Dance the Sword Dance and Clog Dance'in High- land Costume, Accompanied by Pipe Major Simpson Admission 25c 10c Dances Ladies Free ADVANCE TICKETS ON SALE EVERYBODY COME! Keep Your Engagement! Trust Us to Hurry It does seem tragic—to discover at the last moment that one’s party dress is badly soiled, or that one’s evening clothes bear traces of that last stag dinner. But, if there-are a few hours left, KEEP YOUR ENGAGEMENT—and trust us to hurry when it means the saving of a bad situa- tion. We don’t like'to hurry too much nor too often, for good work takes time. But if it means helping you out of a hole, just tell us s0—we'll do the rest. LOOK FOR THIS EMBLEM e Chalealey INCORPORATED, 131 S. Center St. Phone 595 Casper — Chicago — Rapid City Your Guarantee of Master Service Send it