Casper Daily Tribune Newspaper, March 23, 1921, Page 7

MARKET BOSSIP AND FELD. NEN ~ LAND TO BE AUETIONED 1$ LISTED The first sale of Salt Creek acreage under the leasing la will take place at the United States land office at Douglas AE ao alck Inte or prooectine perm ' land on which leases or fe been denied, or on which applications fs not filed, rhe the eee See Spend lerne Use ‘the es aa ne ola 3 rents Oe fete tie cep tienen Py lipo com- acres, any one ced drilling. alleged The gov- uae phi cee 3 fast eau Mets bait well. will be under the regulations already issued. The tentative list of units is as fol- lows: TOWNSHIP 40 N., RANGE 78 W. D has yetoed a by the Montana jess Ape te making pipe lines in the si common carriers. His veto was SW% of Sec. 7, based on an amendment vidiny NW, NE and SEX off Sec. 18. [that nothing in the act shall be com E%% of NE% of Sec. 19 and W% of|strued as affecting the operation of NW of'Sec, 20. Pipe lines designated and acting as S% of SE% of Sec. 19, and W% of|common carriers under the provisions SW% of Sec. 20. of any law of, or contract with, the acreage under the presidential! W's of NW% of Sec. 29. United States. This, he held, preyent- NW% of ND% of Sec, 32, and/ed the Tailroad commission from SW of SE% of Sec. 29. hav Se over seg lines N% of SWK%, NW% of SB% and|aiready built and those built in the SW% of NEX of Sec. 32. TOWNSHIP 39 N., RANGE 78 W. EY o NW% and NW% of NEM of Sec, 5. » transfer of the NE of the BY% of NEX% and N% of SEX of| NEX of 17-3.59, Medicine Rack struc- Bec, 5. ture, Carter county, Mont., to B. B, SW% of Sec, 5. ‘Whitcomb for a consideration of $15,- SE% of SE% of Sec. 5, W% of 700, as disclosed by the. county clerk's SBW% of Sec. 4, and NW% of NW records, is believed to establish a new of Bec. 9. record for wildcat acreage in that SE% of NE\% of Sec. 8, SW% ofjstate. The lease is 1% miles north- NW% and W% of SW% of Sec. 9, jeast of the well being drilled by the SE% of Sec. 8. Arkansas Natural Gas Co. This well E% of SE% of Sec. 7, and N% of|was reported in a few weeks ago, but NE of Sec. 8. this report was premature. The 40 bY4 of NW% and S% of NE% of|acres were owned by Bert Emerson. Sec. 28. : =e SW of Sec, 18. 7,269 Stockholders in Midwest. SE% of Sec. 18. The Midwest Refining Co. ‘had 7; SW% of Bec. 17, stockholders on Nov. 1, 1920, as com- E% of NW% and W% of NE% of|pared with 6,806 on the date in Sec, 20. 1919; 5,381 on Nov. 1, 1918; 3,888 on Wi of NW% of Bec. 20 and B% of| Nov. 1, 1917; 2,112 on Nov. 1, 1916, NEM of Sec. 19, and 1,462 on Noy. 1, 1915. W% of NW% of Sec. 1) and B% of -— é Salt Creek Lands in’ Transfer NB% of Sec. 24 (89-79). 5% of SE% of Sec. 24 and W% of| A most important transfer of lands in the Salt Creek field was announced SW of Sec. 19. BY of SW% and W% of SE% of|as having been closed Tuesday when. Sec. 19. Girectors of the Mountain and Gulf H% of SE% of Sec. 19, and W% of| O11 company agreed to sell to the Elk SW of Sec. 20. Basin Consolidated Petroleum com- N% of NW% and W% of NE% of| pany the former company’s interest in Bec. 30. j Section 6-39-78 for 275,000 shares of E% of NE of Sec. 30, and W% of| wik Basin. The Mountain and Gulf NW, of Sec. 29. ‘- |company has a working interest in TOWNSHIP 39 N.. RANGE 79 W. | 440 acres, giving it the equivalent of pee NW% and W% of NIX of} 243 acres, in one of the best located ed sections. in the lusivel S% of SEK, BEX of SW of Sec.| send mea of thedauke ent 24, and NE% of NE% of Sec. 25. No merger of the two companies Ps Sg Sw and sit of NW% of! was ever contemplated or discussed. 5 ‘The transaction, when completed, will N% of NBM of Sec. 23, NW% Of! leave the Mountain and Gulf company NW% of Sec, 24 and SEK of SE%| with certain éiaima Ih the rortheast. of Sec. 14. g SW of SEX. SEX of SWH and| tho company has led applications for NOP BHA Of Bec. :14+ leases with the interior department. Nii ot: SW of Bec. 14, The lease on Section 6 was granted last“month.~ White” the- transaction | still incomplete, the terms have been agreed on 2nd only details remain to be settled. ‘The payment by the Elk Basin com- pany, involving 275.000 shares of its Stock, is equivalent at the ot Price of the latter to $2,475,000, or at the rate of about $10,000 an acre for the Mountain and Gulf:company’s net interest. ie aoe the transaction. became ce ly on Tuesday, with the Bible /Oxpek ‘Fine 'Qbee, result that the price of Mountain and The Illinois Pipe Line: Co. is Gulf stock advanced from $1.05 to ruhning oil from the Mule Creek fieli,| sales at $1.22, but later dropped back after having been shut down sincs| to offerings at $110, last November on account of the pipes| Activity in the Salt Creck’ issues freezing. ¥ deers 6 was equal to the movement on Monday and the latter part of last Test for Kevin District, week. Salt Creek Producer was A standard rig is being moved tol quoted at $12.50 bid, $13 asked, while SE\% of NE of 16-35-3, north » of : x A 5 Mountain Producers soldat $9.50. Bos- Kevin in Toole county, Mont., and] ton-wyoming, which owns 800.000 dust south of the Canadian border. It ‘4 7‘ Gilt: be “drilled: by ‘x syndicate repre: shares of Mountain and Gulf, strength- sented by Judge J. B. Rhoades. This| ¢74 Taterally with sales as high as syndichte recently leased 6,400 acres from Gordon Campbell checkerboard over the structure. Campbell has 70,- 000 acres on this structure under Tease. ‘ —- filed in the office of the Wyoming sec- Sues to Cancel Lease. retary of state by the fellowing con- H. E. Mosby, land owner in _the|cerns: Mosby. section of the Cat Creek field, Salt Creek syndicate of has filed suit against C. M. Jacobs,| Capital stock $2,500,000; Globe Mosby Dome Oil syndicate, Frantz|company of Powell, capital stock Corporation, and others, to have can-| $100,000; Midwest Casper Baseball celled a lease on tract 41, in the NEX% | Club, capital stock $10,000; Neptune of SW% and the SE% of the NW%/|Oll and Gas company of Carson City, of 81-15-80, Cat Creek field, It is al-| Nevada, capital stock $300,000; Vindi- leged that Mary E. Mosby, now de-|cator Oll and Shale company of Col- ceased, gave a lease on. the land in|orado Springs, capital stock $300,000; February, 1919, to Frank Frantz for|Economy Drug company of Sheridan, the Frantz Covpuration, and that la-/capital stock $50,000. ter the Midwest Refining Co.’and Mi@-| Certification of dissolution was fil- Shaffer Acquires . The Shaffer Oil & Refining Co. re- cently acquired a large block of ground in township 16, range 24, Fer- gus county, Mont,, 26 miles west of the Cat Creek field, and 10 miles northeast of Grass range. This com- pany erected a rig in the Cat Creek field but has not com- menced drilling, awaiting adjustment of titles to the Iand. New Incorporations CHEYENNE, Wyo., March 23. — Articles ‘of incorporation have been enne, FURNISHED BY TAYLOR & CLAY L| West. Oil Fields . xX Phones 203-204 Wyo-Tex. . ..- 14 NEW YORK CURB Cosden Blk Basin . ...... 8.75 . 88) Okmulgee... 35 50 Cities Service Com. 231,00 233.00 Allen. ...-.- 85: \2.12 8. 0. Indiana - + 69.50 70.50 NEW YORK STOCKS Mexican Petroleum ..$146.25 $149.97 Sinclair Oil ..., ©) 2R.87 |. 23.87 Texas Ol ..- sis ALIS 42.37 Pan American Pete.. 70.75 72.00 U. 8, Steel. .......5. 81.60 82.25 Union Pacific R. R. . 116.62, 117.50 FOREIGN EXCHANGE P Sterling + $3.91. .07| Francs . . 0797 % + 03 Lusk Petroleum ~—------- Mountain & Guif »Not yyalty Western Exploration Wing River Refining -. ‘ozVictory 4%5 4th 4% . WYOMING CRUDE O1L MARK: Grass Creek $1.75 Torchlight ~~-.------- wom 1,76 Elk Basin ——- 1.75 Greybull -----— — 1.75 Rock Creek -----—-.-----—-----$1.50 1.40 Hamilton Dome Mule Creek -..--..~.. SWEETWATER (9 SURVEYED FOR OIL PROSPECTS ot of Investigation Made by vernment Geologist Made in Bulletin Just Issued The possible REN of off ficlds in Baxter Basin, Sweetwater county, Wyo., haslong been recognized. As early as 1900 drilling was in progress near the town of Rock Springs, and it ‘has’ been’ continued™ tptarmittentiy, ever since, Showings of ‘oil and gas encountered in several wells have en- couraged prospecting, although neith- er has been found in payable quant- ity, and much more drilling must be done before the area‘can justifiably be, ‘Classified either as productive or non- productive. The ‘most pronounced fold in the basin is the Rock Springs anticline, though other Jong anticlinal flexures, known as the Cherokee Ridge, fold, the Mamsutter arch, the Lookout Mountain arch, and the Dry Mountain anticline, traverse the ter- ritory that Hes east and south of the main Rock Springs anticline and of- fer added possibilities of oil produc- tion. A report on this area prepared by A. R. Schultz has just been pub- lished by the Unitéd States Geologi- cal Survey, Department of the Inter- for, as Bulletin 702. \ The factor that will probably be of most importance in determining the productivity of the area is the deptk to which drilling must be carried to reach oil-producing horizons. There is no reason to doubt the existence of ——<—<—<—<—<—<———<$—<—_< <r CHARLES J. STONE Petroleum Geologist Reports and Surveys WINNETT, MONT. ——$ Oil Field Maps Blue Prints Wyoming Map & Blu: W; ate P, O. Box 325 Rm. 10, Lyric Northern Oil Co. came into possession|jed by the Wyoming Vendome Oil of it.. In some manner the Mosby eeppe ny ot aay Pipiic 10c DANCE Winter Garden CHEMBECK’ ORCHESTRA and Entertainers ||. CLASS LESSO! 7 to 8:46 P. M. Each Evening At WINTER GARDEN TONITE VOTING FOR Movie Queen TONIGHT Every Dance Ticket Counts as One Vote For Lady You Wish to Be Crowned MOVIE QUEEN At The MOVIE BALL Wednesday, April Thirt il nth oil-bearing beds in the basin, for in the Rock Creek field, to the east, in Carbon county; the Lost Soldier field, to the northeast, in Carbon county; and the Labarge district, to the west, in Uinta county, there are not merely one but several zones that carry cil, and there is nothing in the history of the deposition and deforma- tion of the beds which would indicats that such zones are absent in the Rock Springs district, although they may not de within reach of the drill. According to Mr. Schultz, who pre- sents an elaborate table showing the beds in which ofl and gas occur in several of the Rocky Mountain fields, the oil-bearing beds that probably lle) beneath the Baxter Basin include the ¥rontier sandstone series, from which the Salt Creek oll and the oll in many of the smaller Wyoming fields is ob- tained; the Aspen shale, which is be- Meved to be the source of the oll in the Spring Valley and Labarge fields, the Beckwith formation, equivalent at Jeast in part, to the, Morrison forma- tion, which contains both gas and oil in ‘commercial quantity in the Big Horn Basin; the Twin Creek forma- tion, believed to be equivalent to the Sundance formation of central Wyom- ing, In which showings of oil and gas have been encountered; and Nugget, Park City, and Tensleep formations. It ig not certain thal; even the highest of these beds—the Frontier sandstone —is within drilling distance of the surface, and the probability that a well will reach many of the other pos- sibly oll-yielding horizons is therefore temote but the large anticlines in the region have been shattered by fault- ing, and some of the faults may pos- sibly have left openings up which the oil may have traveled from a deep- lying source to sands fairly close to the surface. This possibility in turn Suggests that drilling sites should be selected where the rocks show both faulting and anticlinal folding. The possibility of obtaining oil in the Baxter Basin is not limited to the oil that may be had from wells, for oil-can be obtained by distillation from certain beds cf the Green River forma- tion, which covers a large part of the rea shown on the maps in this re- Port. The Green River formation, which extends far south into Colorado and Utah, has been extensively stud- ied in those two states and is the best known and probably the richest oil-yielding shale in the United States. The shales of the Baxter Basin do not appear to be so rich as’ those farther south, for yields in excess of 35 gal- lons of oil to the ton were not ob- tained from samples collected by Mr. Schultz. Cereful study of the beds, however, maz reveal richer portions, and refining processes may be devised which will make the treatment of the leaner shales profitable. Besides discussing the chances of oll production, the report describes the areal geology and large-scale struc- tural features in some detail, and it should therefore assist in the develop- ment of any project in or near Bax- ter Basin which depends in whole or in part on the geology of the region. Bulletin 702 may be obtained free of charge from the director, United States Geological Survey, Washington D. Cc. pase Eas RECONSTRUCTED PLANE SENT BAGK TO PILOT CHEYENNE, Wyo., March 23.—As a reward for his heroism at the time his mail airplane crashed into Snow mountain, 150 miles ‘west of Cheyenne, last October, Pilot James P. Murray has been given the reconstructed ship, No._177, for his exclusive use in trips for the air mail between Cheyenne and Salt Lake and Chey- enne and Omaha. The reconstructed ship—about 75 per cent of its equip- ment and parts new—was received Sunday from the rebuilding shops, The plane, which is not painted in the customary battleship gray. of the mail ships, Years an American shield and the name of “Pilot James P. Mur- ray" in addition to the usual sym- bols and lettering. It has been desig- nated the flagship of the Cheyenne air mail fleet. Beste SLD thin aes U.P, ROUNDHOUSE SOUTH OF CAPITAL 15: PLANNED CHEYENNE, Wyoming, March 23. —A rumor which is causing much dis- cussion among railroad men here is that the Union Pacific is to erect a roundhoiise at Carr, Colo,, twenty miles south of Cheyenne, for housing freight locomotives in service on the Borie cut-off, and that thereafter Den- ver engine crews will not make the Denver-Laramie swing, but will run only, from Denver to Carr, while Lara- mie crews will hand’e the run from Lararnie to Carr. The run is to be split, it is stated by the rumor, to the different wage schedules in effect avoid complications resulting from the different wage schedules in effect on the Denver-Cheyenne district and the Cheyenne-Laramie district. WHEAT PRICES OTADNG AGAIN : Bull Trading Encouraged by| Rumors of Export Business With Greece CHICAGO, March 23.—Strength de- Yeloped in the wheat market today after a hesitating start. Talk of ex- port business with Greece tended somewhat to encourage bulls. It was also said that exporters had purchased @ good part of the available supply of durum wheat at the -head of the lakes. Opening prices which ranged from 44 cent decline to % cent advance with March $1.51% and May $1.42% to $1.43%4 were followed by a moderate sag and then by upturns all around to well above yesterdays fin- ish. Later, sentiment turned bearish owing largely to absence of export) call and to assertions that British] government holdings would be suffi- elent for all British requirements to the end of ‘the season. Prices closed heavy, 1%c to 1%c net lower with March $1,50% and May $1.41% to $1.41. Corn swayed with wheat. After opening % to % cent higher including May at 65%c to 65%c the market de- clined temporarily and then scored gains anew. Subsequently, the market flattened out when wheat became depressed. The close was weak, 1%40,to 1%c net lower with May 63%e to b4c. Oats which were governed by the action of other cereals, started % to % cent h’~her, May, 40% to 4ic and} then 7.1) hed somewhat but soon! A “‘gms were dull and irregular, owing to uncertainty over labor troubles. Closing Quotations. CHICAGO, March 23.—Close: Wheat—March $1.50%, May $1.41%. Corn—May 63%c, July 67 Oats—May July 41% Pork—May 4 Lard—May July $12.05. Ribs—May July $11.67. Chicago Provisions, CHICAGO, March 23.—Butter—Un-| ¥: changed. Exgs-—Higher; receipts 25,428 cases; | firsts, 26%4@27c; ordinary firsts, 23@ 24c; at mark, cases included, 25@26 Poultry—Alive, lower; fowls, 36: springs, 35c. K. C. Provisions. KANSAS CITY, March 23.—Eggs— One cent higher; firsts, 20¢; seconds, | 16c. Butter—Unchanged; hens, 1 cent lower, 28c; broilers, roosters and springs, unchanged. Potatoes. CHICAGO, March 23.—Potatoes— Steady; receipts, 42 cars; Idaho rus- sets, sacked, $2.30@2.40 ewt; Northern white, sacked and bulk, $1.00@1,15 cwt.; Minnesota’ Bliss Triumphs, $2.15 ewt.; Early Ohios and Cobblers, mixed, sacked, $1,20@1.25 cwt. ~—_ OLD ‘RUINS UNEARTHED Livestock Mart CHICAGO, March 23.—(. 8. Bureau | of Markets.)—Cattle—Receipts, 7,000; killing clasees slow, early sales gen- lly steady: bulk butcher steers. $8.75@10.00; bulk butcher cows and| heifers, $5.75@7.75; canner and cut-| ter cows, largely $3.00@4.50; bulls | mostly $5,25@6.25; calves dull; pack- ers taking 60 cents lower; stockers and feeders weak to 25 cents lower. Hogs — Receipts, 14,000; active, lights about 25 cents lower than yer- terday’s average; others mostly 15 to| 25 cents higher; spots up more on/ Ught butchers; top, $10.75; bulk 200 | pounds and down $10.25@10.65; bulk, 220 pounds and up $9.00@10.25; pigs. | 25 to 40 cents lower; bulk desirable, 90 to 120 pounds, $10.00@10.60. Sheep — Receipts, 16,000; killing | classes about steady; lambs top, arly, | $10.60; some held higher; shorn top, $9.50 early; bulle fat wooled lambs, ; $9.75@10.50; shorn yearlings, | $7.25; averaged around 86 pounds; no| fat sheep sold early. | DENVER, Colo., March 23.—Cattle, steady; beef steers 8.00; and Hogs—Receipts 900; lower; top $10.00; bulk $9.15@9. feeders $7.00@8.50. | 40c market Sheer—Receipts 5,300; 25 to higher; lambs $7.75@9.50; ewes $4.75 @5.50, —— FAMILY SLEEPS WHILE TWO LARGE BARNS AND | STOGK ARE BURNEG UP WHEATLAND, Wyo., ‘March 23. —While the family slept soundly in the house less than a hundred yards away, two large barns were totally destroyed on the 3; B, Rinker ranch here, three work horses. two cows and a number of calves perishing in the flames | ‘The family retired early, and the buildings took fire soon after 9 o'clock, according to the report of eighbors who saw the blaze, At }0 the country for miles around was lighted by the flames, but the family were not aroused. At 11 o'clock, after the large barn and another smaller barn were almost totally de- stroyéd the Rinker family were awakened, too late to save anything. ‘The cause of the fire is unknown, but the house is situated nortth of the barn and a strong wind was blowing from that direction, giving color to the theory that the blaze originated in a spark from the chimney. Tm addition to the livestock and buildings, two saddles and several sets of harness were lost. paver ati eet es <0 ‘A new device of interest tu farmers whose crops areseriously damaged by birds is an automatic; scarecrow, ¢con- sisting of a gun which, by a clockwork arrangement, fres at any desired in- terval during daylight, shuts down OS CLIMB IN STOCK MARKET Motors, Specialties. and’ Other Issues Also Show Marked Improvement. NEW YORK, March 23.—Materially higher prices were made by oils, mo= tors, allied specialties and many mise cellaneous issues during the lvyely forenoon on today’s stock market Studebaker, Pierce Arrow proferreds Ajax, Lee and United States Rubbers; Stormberg Carburetor and Bosch Mag- neto scored extreme gains of 2 to al most 5 points. General Asphalt, Mex ican Petroleum, Royal Dutch and As- sociated and Invincvile Oils gained 1 to 3%. Shippings rose 1 to 2 points. and steels and equipments shared to ® like extent. Rails failed to show any animation, however, and the only |conspicuously weak stock was Sears Roebuck, which lost four points. Call money again opened at 6% per cent. Silver. NEW YORK, March 23,—Bar ell ver, domestic 99%; foreign, 56%. Mexican dollars, 43c. th 23.—Copper—> rolytic spot and second quart Market steadie March, 124% @ 12% @13c. Tin—Firm; spot and nearby, $29.23 @29.50; futures, $30@30.75. Antimony sier; spot, $5.25@5.50, Iron—Nominal; No. 2 southern, $25 $4. t St. 5. Lead—Dull; spot Zinc—Easier; Ei ery spot, $4.70@4. Louis deliv- Money and Exchange NEW YORK, March 23—Prime mer- cantile paper 7% @ per cent. Exchange—Steady; sterling, demand $3.91; cables $3.913 Franes, demand 6,95; cables 6.97. Belgian francs, demand 7.26; cables 7.28, Guilders, demand 34.37; cables 34.47. Lire, demand 3.97; cables 3.99. Marks, demand 1.61; cables 1.62. Greece, demand 7.54. Argentine, demand 34.00. Brazilian, demand 14.85. Montreal 12 3-16 per cent discount. ‘Time loans steady; 60 days, 90 days and six months 6%4@7 per cent Call money easier; high 6%; low 6; ruling rate 6%; closing bid 6; offere~ 6. INCORPORATION PLANNED Mr. Bush, proprietor of the “Bush aid it” sign and show card servico located on south Center street,. is making arrangements to enlarge his business, He expects to form a com- pany to be known as the Bush Sign and Decorative company. Mr. Bush states that his business has increased to the extent that he can no longer handle it alone, He is now trying to secure the services of a competent assistant. NOTICE ‘We have a few new and used tubes ata good discount. Our introductory during, the night and resumes business at sunrise, BEIRUT, March 23. — Important discoveries of ruins of a highly devel-| oped Graeco-Roman civilization have} been made at Palmyra, about 95 miles cient necropolis has been discovered | east of Homs, by the high commission-| er's archeological service. The an- and interesting photographs have been already taken. ) ca advantage of Wy uty ro if (l NM “TY A “Barnett’s Of Course” MM ANHATTAN S Hit R.T S. are the finest shirts made anywhere inthe world. They establish the American fashions. They have no serious rivals, either in quality or in social preference. And, because they are the best shirts, they possess the added being the most economical. more than some others, but less per year than any others. We offer.a satisfactory service to every man who is far- sighted enough to appreciate and want the best. Spring Manhattans are Ready 1. D. Barnett Outfitting Zo. M. M. Petker, Mgr. 120 East Second Nils ia call Hil They cost sii iia me Sh FOR Several teams good DOUGLAS, offer in Hawkeye Tires closes March jates Service Station. SALE heavy farm mares all bred to large imported Jack. Will give one- half purchase price of mare for mule colt at weaning time. Will foal July and Aug- ust. All ready for work. T. J. Brownfield WYOMING No. 2 Can Kuner’s To No. 2 Can June Peas. 1-lb. Can Solitaire Co Y4-lb. Pkg. Tea Regular 15¢ Can Van and Beans, 2 for LOOK A, J. BELS No. 2 Can Iowa Corn -~ ~ Special for Thursday Only oC Sees matoes, 2 for____25¢ at 208 No. 214 Can Morado Tomatoes feeci. 2 1 Bottle Catsup, 12-oz. 12-oz. Jar Solitaire Peanut Butter Camps Pork ~~ 258 Swift's Premium Skinned Hams, per 1b.36e HERE * Strictly Fresh Eggs, per doz.__________30¢ FIFTH STREET GROCERY Opposite Coliseum Garage 122 East Fifth Street Delivery to All Parts of the City Phone 320-W W. J. Tubbs