Casper Daily Tribune Newspaper, March 24, 1921, Page 8

CAGE EIGHT DEAN ESE EE MARKET GOSSIP AND FIELD NEWS NEW WELL OPENED IN AdCK-RNER Additional production in the Rock Creek field, in which the state has a large royalty interest, was opened up Mon- day, according to advices received from the Ohio Oil com- pany offices at Laramie. The Section 35-20-78, was credite of 1,000 barrels. oil sand on section 35. The well will be connected with the pipeline to the Midwest refinery at Laramie during the coming week. NEBRASKA TO BE WILDCATTED With preparations being made by the Christian Oil company tq drill 8 25 miles north of Harrison, the little town is attempting to ndation to curb a boom if the successful. The new develop- in addition to other opera- extend in many directions hn jan company has estab- lished a camp, is erecting two rigs and getting ready to start develep- ment soon. In the field south of town the Associated Oil company has a hole down 2,000 feet and expects to get the pya sand at about the 2,400 foot level. This is the deepest of any of many tests being made. OIL WORKERS STRIKE A disturbance which threatened to new well, which is located on d with an original production This is the fifth well to be drilled into the terminated when over a score of mem- bers of the striking tank crew re- ported for work at the Illinois Pipe line offices at James Lake Tuesday morning. The trouble which caused the strike is said to be due to a local union ruling. Shawmut Wildcat Near Sand. ‘The Arstad Oil company, drilling on section 6-618, Shawmut dome, near the boundary between Wheatland and Musselshell counties, Montana, en- |countered a good showing of oll in the Dakota sand, the producing hori- zon in Cat Creek, at around 2,300 feet. |The indications are favorable for |bringing in a new field with this | test in the Dakota sand expected with- in the next eighty feet. The water |coming in the hole is being cased off preparatory to drilling to the second jsand. Arrow Creek Structure. The failure of the Arrow Creek De- velopment company to open up a jproducer on the Arrow Creek struc- |ture in Chocteau county, Montana, is delay the building of receiving tanks! not looked upon as condemning that at the James Lake storing station! field, and further tests be made. on the Rock River-Laramie pipeline This well drilled to 1,750 feet and | passed thru the sands in the Kootenai MOSBY HAS Alg jwith showings of oll and gas, but no Lewistown Corporation One of| “Leaders in New Fields to the North Oll development in Montana is be- ginning to reach big proportions and @ large number of companies are in the field. One of the leaders among} the independents, contrsliing close to 25,000 acres on approval structures is the Mosby: Consolidated O11 Corpora- tion of Lewistown, Mont. ‘The holdings of the Mosby are on eighteen different structares and near- ly all of them are now under devel- opment. ‘This company has large acreages in the famous Mosby-Cat Creek, Flat- willow, Yellow Water, Button’ Hutte, Forest Grove, Sweet Grass, Fort Leck and Winifred fields, all in Montana. commercial production. —_ Kalispel, Mont., people are reported negotiating for the Arrow Creek Development company holdings with a view to com- pleting this well and putting down an- other test higher up on the structure. j This well is on 24-20-13. ‘The Arrow Creek Qil & Gas company, another concern, is preparing to put down a test on the Hanson ranch, near the town of Square Butte. This location is eight miles Rorthwest of the other test. Plateau Oil Corporation. ‘The Plateau Oil corporation, recent- ly formed by Frank Frantz, C. T. Lup- ton and associates, has commenced rilling on) one of the Kansas struc- tures recently mapped by Lupton. The first test is on southeast % of south- west % of 27-15-31 Gove county, Kan- sas. This company also has a wild- cat on top of the Dakota sand on the Chimney Creek structure, northwest of Steamboat Springs, Colo., which will be drilled into the sand within the next week or two. This well had con- siderable gas in the upper sand and production is expected in the Dakota at around 1,000 feet. The Missoula Idea, Citizens of Missoula, Mont., want to encourage prospecting for oil in the vicinity of that town and have pet!- tioned the chamber of commerce to execute a note for $25,000 to be depos- ited in bank to be paid as a bonus for the first commercial ofl well, one pro- ducing fifteen barrels a day for at ‘least fifteen days, within a radius of ‘The Mosby corporation bas recent~ ly issued a map of the state, which is being distributed upon of Montana that are now under ac- tive development. | The affairs of the Moshy are in charge of Trepp & Heinecke, as Mont- ana representatives. They are sub- stantial business men of Montana. FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. LOCAL OIL STOCKS Amalgamated Royalty $09 § 11 American .. . 01 Atlas .. 02 Big, Indian 40 Bessemer . ‘ 35 Blackstone Salt Cresk .. .38 92 Buck Creek ...,. ‘ 26 Boston-Wyoming . . 1.15 Burke, . 16 Black Tail . 03 Capitol Pete + 02 Chappelle . . 55 Capitol Pete .+.-2.-----. 01 03 Consolidated Royalty ..... 1.23 1.2 Columbine .. 31. 3S Casper Kenger .---.-.-. 01 02 Cow Gulch -.-.------- 08 19 Domino .... a» 06 08 E. T. Wiliams: . » 20 92 Elkhorn’. 09 AL Fargo .. Frantz . Gates. Great W Hutton Lak Jupiter Kinney . Lance Cr Lusk Royalty . . Lusk Petroleum —-... Mike Henry. . Mountain and Guit. Northwest, . Outwest Picardy K é Riverton Refg. 05 07) Royalty & Producers . 92a} Sunset |... 06. 07 ‘Tom Bell Royalty 04 05 Western Exploration . Wiva River’ Refining 201 Grass Creek $1.75 — 1.75 acer Laem 1,70 65 fifty miles of the town. The note is being prepared and signed by the peti- tioners. Gates Production Larger than Reported. Reports to the state authorities of Okiahoma credited the Gates Oil com- pany with a production of 8,894 bar- rels in that state for the last three months of 1920. President Herman B. Gates states that this was the produc- tion from the Litia lease which the company operates on its own account and does not include other production in which it has interests, The Mc- Intosh lease in the Beggs field, in which it owns a half interest with the Producers & Refiners Corp., is netting the company between 600 and 700 bar- rels a day and the one-fourth interest in the Jonseth lease gives it a net production around fifty barrels a day; This production is carried under other names in feports to ‘the state author- ities. The company also has a pro- duction of 150 barrels a day from its holdings in Woodson county, Kansas. No Permits on Moab Structure. Considerable mystery surrounds the failure of the interior department to issue any prospecting permits on the Moab structure in Grand _ county, A Fearless, Independent Publication Giving All the Real News and Nothing But the Real News of The Montana Oil Fields “YOU CAN RELY ON THE GUSHER” Published Thursday Each Week By Subscription--$2.50 Per Year Sample Copy on Request Without Obligation Address f MONTANA GUSHER, LEWISTOWN, MONT, WYONG CRUDE O1L MARKT Phones 203-204 Wyo-Kans. -. 2.25 2.50 Wyo-Tex. .... . = 02 04 Western Oil Fields . 26 29 FY Oll ace peewee eee 13 ld NEW YORK CURB CLOSING Midwest Com. 2.00 Midwest Com. 00 Midwest Pref, 2.00 Merritt 2... 2.00 Glenrock Oil 1,75 28.00 ‘Western States 33 Prod. & Refrs. 4.50 Cosden . . .. 5.25 Elk Basin . 8.62 Okmulgee . 25 Cities Service 236.00 Allen . . 87 8.0, Indi 3 69.75 NEW YORK STOCKS Mexican Petroleum ..$149.50 $148.50 Sinclair Oi ++) 24.50 123.75 Texas Ol. . sess $2.25 42.80 Pan American Pete. . 172.00 7 U.S. Steel ..... 2... 83.25 8 Union Pacific R. R. . 117.12 116.87 FOREIGN EXCHANGE Sterling . +$3.91% Francs... « 0696 Marks . + "0158 Lire . 20400 Call Money os Per cent LIBERTY BONDS a%s . Ist 4s 86.90 2nd 4s $6.90 ist 44s 87.16 2nd 4%s . 87.08 Grd 44a . 90.16 4th 4%s +. 87,14 Victery 4%s . Rock Creek San NEES. SY Salt Creek: 2s 180 Big Muddy -.-. PERT TENG, SY Pilot Butte ------2----_-__-_____. 1.40 Hamilton’ Dome Mule: Creel: Utah, where thé Big Six Oil company has a test down 985 feet, upon which operations have been suspended sev- eral weeks awaiting its permit before drilling into the sand expected within the next 100 feet. Applications were filed’ more than a year ago, In the meantime a large number of permits Haye been granted on other Utah structures. This well is being drilled jointly by the Big Six, Embar Oil and Western Allies Of! company. When the operation was started, {t was. geri- erally understood that the Royal Dutch Shell interests, represented ‘by the Matador Petroleum company, had acquired 30,000 acres‘ on the Moab structure-and was Interested in this test. These interests are said to be closely affiliated with the British gov- ernment and it would not prove a sur- prise should it become known that the American government is quietly look- ing into this phase of the subject be- fore granting any permits. {oft ether conimodities. ‘ Re- ductions Have - fluence ‘in Market —— CHICAGO, March 24.—Downt in the price of wheat took place to-| day influenced more or less by revo! lutionary outbreaks- in German; ‘Wage reductions in the United States were also given a bearish construc- ‘Commission house buying, how- ever, developed ‘on the decline in values and led: to rallies. quotations which ranged from a to two cents lower with March ¢ and May $2.39% to $1.40% were, fol- lowed ‘by & recovery in Some cases to the same as yesterday's finish... German Reports and Wage Bearish In Signs of brisk export demand count- or ed _subsequently/ as a. bullish ‘factor and with) persistent buying led to a material advance ,but best prices ‘fail- ed to hold. The close was unsettled %e to 2%c net higher. with March $1.53 and May $1,41% to $1.42. Corn was easier with wheat, May touching the lowest price yet this sea- son. After opening unchanged to %c off, including May at 63%c to, 64c, the market underwent a moderate aaeree sag and then recovered some. what. Gains were scored later when wheat turned strong. ‘The close was steady Ye to %e net higher with May at 64%6c. Oats paralleled the action of ‘other grain, starting 4c lower to’ %4%@o up, May 40%¢ to 41%c, and then de- clining @ little all around before be- cinning to react. a Provisions suared in the weakn CHICAGO, March 24.—Close: Wheat—March $1.53, May $1.41%.. Corn—May 6440, July 67%e. Oats—May 40%¢¢, July 41%c.: Pork—May. $20. i July’ $11.60, KANSAS CITY, March 24.—Eggs, one cent higher first 21c; seconds, ic. Butter and Poultry—Unchanged. Pot u CHICAGO, March 2%.—Po! es — Dull; Northern, white sacked ani $1.00@1.15 cwt; Dakota early Ohios $1.25 cwt. Chicago Provisions CHICAGO, March 24.—Butter—low- er; creamery extras 44%4c; standards Altec. oy Lower, receipts 26,642 cases; firsts 24c; ordinary firsts 20@21c; at mark, cases included 22@23c.°. a Poultry—Alive, lower; fowls :33c; springs 34c. > Anyone having ice cream freezers or bowls belonging to the Lukis Candy company, please phone-us.and we will }_ for same. bulle ‘bulk to ‘weak to 2! $10.75 to city but ed lambs x RA heavies up least; 4 ‘200 iP 7 top io 220 pot 5 Sheep—Receipts . ‘;! 5c lower; i ear! ewes $5.00@6.00. $10.25; bulk $9.10@9.85. -Sheep—Receipts 13,200; prospects steady to 25c lower; lambs $7.50@ 9.50; ewes $4.75@5.50. RECORDIG SET ~ BY GAT GREEK Short Month’ of February Sees Over. 117,000 Barrels of Production hit the “high (water) oil” mark in the Cat Creek field in the short month ‘of February, 117,250 bar- or: 4,924,500 gallons, valued at. ost. a quarter cf a million dollars being shipped from Winnett to the refineries at Greybuil, Wyo. This brings the total production of that now famous to 1,735 standard 250-barrel tank cars, or 433,750 bar- rels.. In other words, the output of Cat Creek at the end of the month of February bas been almost a balf mil- lion barrels, or over 18,000,000 gai- fons. This production has come from 11 wells out of the 21 producers, the other ten not having been connected with the pipe line yet. When they id the many gushers which seem sure to come in soon get onto’ the pipe line, what will the figure total? This community will probably, begin to think, then in terms of billions, if thinking in such terms be possible. CHARLES J. STONE Petroleum Geologist Reports and Surveys WINNETT, MONT. 3-24-1t SECURITY PETR _ SYNDICATE — UNITED STATES GOVERNMENT REPORTS ‘SHOW CAT CREEK OML 10 BE HIGHEST GRADE PRODUCED IN UNITED STATES —Headline in The Democrat-News of March 16. OLE 4 t The wonder field:of the world comes ‘into fstownis oAcriens thevebnt nent they sing the praises of the famous! ,000-barrel'field in Montana. Aad for good reasons. The oil, as the government grade of any yet produced. And average of any producing field in -the country. says, is the highest e wells in this field have the highest @ In the heart of this great field stands 40 and 20 acres of the SECUR- ITY PETROLEUM SYNDICATE. We own 40 acres in the well- known Devils’ Basin north of Roundup structure where three wells are now producing, : So when you look to Montana t! because we believed in it and because we know it sta says. hink of ‘Security: We named it that mus for just what it The scissors and the coupon work together.’ Use them, SPECIAL NOTICE | WE ARE NOW offering Security Petroleum Syndicate units on easy terms. The Security Petroleum Syndicate is capitalized at $150,000. It isa common law trust. Fifteen hundred units at $100 each. For a limited ¢ units on the easy terms of $25 down and $25 monthly until paid out. | time we offer these Reliable Agents Wanted CLIP the COUPON a Trustees: Charles Wiper, Cashier, Empire Bank F, J. Robinson A. M. Lundeen oe povevecvocoooooososoosooesqoooooccosonocooees: Security Petroleum Syndicate, 3 Main Str: i Lewistown, Mont, P. 0, Box 546. H 3 Reserve for me --.-.:.-.2--_. Units in the Security 3 3 Petroleum Srtieate for wi T enclose check (draft) in 3 3 full or part payment for sam ‘ F7 3 Name ---.----~-~----------------- 2 ----- 22 -- === H : 3 ; a 3 H $9.75@10.50; bulk fat Oy Saas NEW XORK, March 24—Har silver, domestic 99%c; foreign 67%c. - Mexican dollars 43%c. 0 | y #58 | Deinibe Trend Lacking at Open Hage oe een es , Jett ig at 12% @12%; “quarter, 12% 013. | ing but Increases Are Lost Iron—Nom nebaaees he a in Reaction -|30.25; futures, $31... - : (NEW YORK, March 24.—The stock, Dead Dull opat Fe ( market’ showed no very definite trend | Zinc—St.ady; East St. Louis: spot, at the broad opening of today’s ses-|$4.70@4.75.. Cs) gains. Within the first nalf Your trad-| HW Y¥. PRE 34.—Prime ‘ORK, mercantile paper, 74@7% per cent. Exe! sterling ‘de- mand 3.91%, cables $3.91%. Francs, demand 6.93,.cablea_ 6.95. 1.27. francs, demand 7.25, cables Guilders, demand 34.37, cables 34.47. Lire, demand 3.95, acbles 3.97. -Marks, demand 1. cables 1,67." Greece, demand 7.54. y Argentine, demand 34.00. Brazilian, demand 15,25, Montreal, 11% per cent discount. ‘Time. loans steady; 66 days, 90 days and six months, 6%@7 per cent. Call money easier; high 6%, low 6%4, ruling rate 6%, closing bid 6%, offered at 7, Just loan 6%, pedtsindliss MS csaadil iy Sec. ss ing 1% to the new low of 6946. “ The early reaction which was part- ly attributed to further realizing saies, NOTICE To masons of Oil City Lote large fraction “¢o {ts previols loss./5,°% “pecial meeting called Rails made moderate concessions on ,, March. 26. light offerings. From the lower levels |@°Y ©V°™ "©, MR Bare, we a, there were rallies, under lead of Hous-| G. W. ANDERSON, Sec. ton Oil, Atlantic Gulf, American B-242te _ oo Woolen. and some of the food shares but the movement had none of the} In ‘England last year work was vigor of the previous day: Call inoney | stopped by no fewer than 1,716 trade opened at.6% percent and ,sxchange | disputes, which involved 1,930,000 gn _London_approximatell tts highest workers. The Fortune Maker You.earn, by labor, but you multiply your dollars only by investment. : The oil fields of Montana offer the greatest oppor- tunity of the age for profitable investment. Cat Creek, the 1,000-barrel gusher field, is now “pouring a golden stream ‘of wealth into the pockets of those who were wise enough to secure an interest in its development. : You, toc: may become rich. A small sum invested today will give you a substantial interest in one of Montana’s foremost oil undertakings. Your dollars will be vastly, multiplied when production comes. The BEAR-CAT ODL SYNDICATE, controlling ,140 acres of choice oil lands, is offering a part of its . capital stock to the public at $100 per unit. This . offer presents an unequaled opportunity to multiply your dollars into a fortune, - as Seventy-five per cent of all'the oil produced from Bear Cat acreage goes to unitholders: The trustees are men of honesty and financial.responsibility—two bankers and a former judge of the district court.. These men are backing a straight business proposition that will return big money to the investors. The first drill for Bear Cat is in the field. A big combination rotary and standard rig will drill the initial well. A crew of experienced drillers are on the ground. We are fully equipped and will proceed without delay to bring in production. No promotion stock. No free units. Every inves- tor. gets in on the same basis and all, will share alike in production. We are open-to the fullest investiga- tion and refer investors to any bank or business insti- tution in Lewistown. Get a unit in Bear Cat before the drill starts. Two weeks after we spud in a producer is likely—then our tract in the heart of the Cat Creek structure will be worth millions and every unjtholder wealthy. Units $100 each. One thousand only to be sold. Time is short. Wire reservations at my expense. Walter Dunn, Fiscal Agent BEAR-CAT OIL SYNDICATE LEWISTOWN ¢ MONTANA “Gateway to Field of 1,000-Barrel Wells” Wire Reservations and pared Check or Draft by ‘Next a Walter Dunn, Fiscal Agent, Room 4, set ag Bank Sldg:, Lewistown, Montana. Dear Sir:—Enclosed find remittance for $_...-_._ for ==----...--. units of the’ capital of th YYNDICATE, All units fully. ry ana sige ae eh om Name’ ----'----<--- irene gen anne nnn ene nn eee. Address ~....-.-.+ eSeminar nen soem en: Bear-Cat Oil Syndicate Will Spud In First Well This Week The trustees of the Bear-Cat Oil Syndicate of Lewisto i pucotan are elated over the progress made since their peli “Yzation last January. Approximately two months after. com- . pany began its ization the first drill was in the field. Bear-Cat c Is 140 geres of Montana oil lands. Forty acres is in the heart of the it Cat Creek structure and is re- oe led by all as a parcel of the chcicest land to be found any- where. ‘ 7 The Gilborne Drilling Company of Aberdeen, will drill the first well, using a big combined stan £ Pee early drill -vith which they ct to bring in a * A crew of experienced drillers are ce tie Seren du- plicates for all working of the rig have been eter and no Reise of any chara are anticipated. ; fia ncteage sai with the. ead bs vioet GET heey flatten ae ac: and w e end ii drills on their land in the next ninéty days. hapten ini ‘alter Dunn, with office in Empire Bank Building of Lew- satawny Tape floes Ad xiseel were rs: She Bear-Cat Oi Syndi- cate and reports the brisk buyin; its wil the books being closed in a very short time | cnmood of