Casper Daily Tribune Newspaper, March 29, 1921, Page 6

PAGE SIX “STATE, CHEYENNE MEN AND THE ‘AIDWEST TO SHARE IN BIG SUM } | Ruling “of Supreme ‘Court Giving State FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phones 203-204 iiterings of call money at 6% per cynt were reported. LOCAL OIL STOCKS Wyo.-Kans Title to Land Means $300,000: For’ |... (ecm om sno” eee 1P. nt Fund American 00% 01 Be His Ol Fielas™. : = Hepeslent Haws 3 ar Atlas 02 + : Receipts, | 2,400; riacket, fair- Common School Permane Ades o-: Bre Baling etetegyn nie Uc (By Associates Tress) ly active, light and medium, 250. to : Ms | Bessemer... ... .25| Midwest Refg. . +$138.00 © $140.00 curcase, March Be Ropoihes 0c lower; others mostly. 250 cables 63:92 64: The Tribune.) Blackstone Salt Crec! $2 Midwest Com. . see 2.00 2150 | Sion that freezing weather had don e]than. yesterday's, overnight advices, especially as to in- a 6.04) ion ne F senha "Y, ‘a d f the|Buck Creek ...... Midyest Com. 1.00 1,50 {considerable damage to the neyy crop duutrial re mere, Gesur-| Belgian srgfca, demand 7.26; cables 3 CHEYENNE, March 29.— Yesterday’s decision o! '€ | Boston-Wyoming. Miderest Pref. + 2.00: 3.09 |1ed to material upturns today in the] 10.40; bulic,. ;| ing, leading, shares were undér pro- S = United States supreme court uphoiding the claim of the state | Burke . 12'50|price, of wheat, A leading / : params an Wiadke: y, ashi a 2 1133 ‘gop | however, declared that —uniées tho 33.09 Toots were injured no” mgfe harm] (Sheep—} {s9|Would result than. from yrunning ally 250 lower: P< 4.7§|Mower over’ a’ lawn. Hs said $10,10; bulk, $9.25@10; shorn | shoots and ample growt/4 would aoe to jélty butyhers; bulk, $8500 Se7{low. Opening prices which © ranged| 9 ; few ewes carly, $3.50@6.25; choice .s7|from %c to 2c higher,’ with May feeder atti jate yesterday, $ “ire, deysand 4.06; cables 4:08. Marks, /demand 1.68; cables 1.59, Greece; demand 7.73. Argentine, demand 33.87. jaan, demand 14.87. Montreal 11 9-16 per cent discount. “Tinie loans steady; 60 days, 90 days nounced hof today’s stock market. Motors’ steels, equipments and toksctos were the objects of renewed short selling. 1” Studebaker, Mexican Petroleum, Cru- cible Steel, American Locomotive, ‘American Woolen and Consolidated Textile were lower by large fractions = of Wyoming to eighty acres of land in the Grass Creek oil Biack: Tail « field’s heart means, among other things, that there will be- Chappelle : come immediately available for the state common school per=| ¢.5):0) Pete = manent fund $300,000, and that $2,700,000 of impounded | euteatnten will be divided between the; the Sunlight basin tract only land of | Columbine. . ....- company and H. L.|a non-mineral character, and that the al ‘Western States 103; Prod. & Refrs. . Cosden . . 2... .37' Elk Basin . . 1 | .62/Okmulgee . . Casper Kenger —... st Refin y ths. nd other Cheyenne residents | discovery of petroleum near the tract|Cow Gulch -------.. 08 “10 | Cities Service Gom. 238.00 iste $1.44%4 and. se pays ato ‘ to 1% points. Sgr eyecise < particu- eyo eased ber Be ne interested in the lease on the! selected by the state in the Grass/ Domino +. 08 08} Allen . ....-4 ot beara hice / y further! DENVER, March 29,—Cattlo — Re.| larly the rubber tire. division. also evig vate CE ¢ Cana a ntteted. land issued by the state to|Creek region established that this). T. Wi jams . foe 96)S. O. Indiana . 70.25 DEA “ie F aad hi reaction. | ceipts, 1,600; market 25c lower; beef] ¢ased and coppers pie bsg: jeune af. 6%; last loan 6; bank acceptances and by the latter and his as-| tract was mineral in character. The) Elkhorn... 09 UL NEW YORK rocks Sacra ae Acing new export | steers, $7@8.50;. and heifers, $5| Sugars reflected a lack of support. 9 6%; i; ned to the Midwest com-| federal government offered to trans-|Fargo .. Mexican Petroleum. ..$149.00 $143.50 | business was referred to; and specu: Changes among rails were nominal. |/- are of Ridgely and his|fer some other elghty acres of non-|Frantz. . | Sinclair ou é S ao “4 pe, ‘ead Ruy Bees erect ssh the be feeders, $8.50008.25; ‘Bull, $3.5005. fe iced eon London was sie : Fae but declined to) Gi ‘Texas A a fa ye i * i ‘ reel \evantee Wine Grane Croac cighty me toeeetlwy; 'Pan American : 11.25 69,62] Vances failed te/hold. The close 'was|iower; top, $10; bulk, .$8.90@9.65. The early reaction ranged from 1 40| NEW YORK, March 29.—Copper— Midwests 90 per cent interest | trans 3 | Peetiety 82.12 81,37] unsettled, 1g0° net lower to le gain) Sheep—Receipts, 2,600; market 25c|4 points on today’s stock mpriyit.| firmer; electrolytic spot and nearby 1 the total of $3,000,000 (the state| lected by the state. The state main-| Hutton Lake . . |v. iteel .... © 8292 37/4 pi eras A ‘ : > ‘ acca 10 siericelit GF SSG @ON ARE ained that there existed between the| Jupiter | Union Pacific RoR... 117.00 116.75] With May $1.43 to -$143% and July | lower; lambs, $7.25@9; ewes; $4.75@| Stocks most affected wer: Housion| 12%; May and Ju. 13. takes 10 per cent or ROO AE Wai tapren crane prnerg oxtstad hetwmreh (Ure eee pase cota $1.26 to $1,264. 5.25; feeder’ lambs, $7.50@8.60. ~ | Oil, “Harvester, ‘Transue & Wi\.ms,| Iron—Nominally unchanged. heyenne men will split a nifty federal and state governments a El egeee ceenie Yoni ee : $3.91% | COFn “sympathized with the wheat ——_ Central Weather preferred, Femous| Tin—Easier; spot and nearby $29.25 f about $900,000. tract, that the state had fu’ Roy 5 Ste: oa ogg1u |Strensth. After opening %c to fe Lead Price “Advanced. Players and En%icott-Johnson. Before! @30.00; futures $29.75@30.50. in ite decision, |ContTactural. obligation by transfer-| Lusk Royalty « s Hoaalai Bhat NEW YORK, March 29.—The| Hoon there was 2 spirited rally in! Antimony—Spot $5.12@6.25, I \ its decision! ying the Sunlight basin eighty, that| Lusk Petroleum -. farks .. th Ket see s - - reversed the court of appeals,| the government had accepted this con-| Mike Henry. . | Lire. 0308 [ond then hardened sachin n/t | aimerican Savettine ap Refining com. a f the 76 court for | Sideration and that the federal govern-| Mountain & Gult Call Money | GRTY BONDS > {| | Later the market declined in the bpp atin Abas inep pst amdeabeeds:§ 5 ri Ns eas OF | ment, therefore, was bound to pass| Northwest . absence of any urgent buying. Tbe] . Lead. 2 P ming before wl : vee roid | title to the Grass Creek eighty regard- }Quteest [Ss .. Z idee: wan /ecay OAC tan aae Fae lawee eee are Rabe Rg: * § > was fled. Judge Hiner held| egg of the fact that subsequently to| Picardy « Ist 4s. with May 63% to 63% @6u%e. $4.6504.75. sp tay ate, the cir court 2 - fe bs s the establishment of the contractural | Riverton Refg. 2nd 4s . Oats were firmer with otiier es RE AS ses rror t ¢ al ymand-| +1 "i | * fe 4 f a a error to h b Ana Whereupon | felationship, and subsequently to the| | Rovalty aero: . Ist 4s... slartitig. Uncianged tose. Thte ea, 29@240. DR. J. ere Bon Ref sel ah beara ne dee John | State having fulfi ts contractural| Tom Be oynlty sid 448. May 40%c and 41@41%9 and con’ hil Boultrs-<-Alive, higher; fowls, Bey (Paid for by Friends o: Dee ee | 5 ya xtate| Odligation and the supreme court to-|* 3rd 45. uing to average above yesterda: din- | sprin; 33c. a and the state) day found in favor of the rtate. | Western Exploration ... 4th 4% ‘3 . i) Ages ees Gee arried an y appeal | to the supreme court, with Monday's decision the result of this appeal. ish, = ——— - ‘Weakness in the hyg market ‘ones: re ated as a drag on provisions. Refining -- the sate schoot| Wind River | Victory 4%s - - WYOMING CRUDE OIL MARKI: Rock Creek Meanwhile, in 1 | land board had ants? _ HL L. Ridge- | lly of Cheyenne an oil prospector’s eighty-|lease on the “rass Creek eighty and Grass Creek The controv Torchlight y over the Closing Quotations. CHICAGO, March 2%—Close: acres dates back to 1912, when the|Ridgely had transferred this lease to| 70 ‘a Sstate at the instigation of the federal| amicable arrangement with the ron le 3 Wheat—May $1.43, July $1.26. Zgovernment relinquished title to eral government drilling was proceed-) 1" = Corn—May 64%c, July. 67c. shty acres in the Sunlight basin, de-|ed with and the tract became one of ander votre gaa Latent icra tyi/ arch ce Bie Bee ‘sired by the federal government for|the most productive petroleum produc-| ceria Pork—May $19.35. ‘ to reserve purposes, and’ selected | ing areas of Wyoming. Under the| Lard—May $11.25, July $11.60. in lieu thereof the eighty acres in the|agreement afl money from the sale of|Riverton@ He was’ also president of |to the lower house @f the state Jexis- region subsequently to become fam-| the oil from the eighty was impounded the Teton Hotel company. lature was instrumental in getting ‘ous as the Grass Creek oil field, The|and this escrow fund now apprixi-j “Tie utso was interested in several ir- |through the act wherounder Wyoming Sfederal government accepted title to/mates $2,000,000. rigation enterprises, notably in the |t0ok advantage of the benefits of the “the eighty acres relinquished by the| The finding in the case of the;vicinity of Riverton, and was largely ae Smith: dhe tin ley Li estate but before it passed title to the|eighty acres affected by today’s de-' instrumental in inducing the federal | Ribs—May $10.87, July $11.27. K. ©, Provisions. KANSAS CITY, March 29/—Eges— Market 1c higher; firsts, 20c; seconds, 3 including May at 64%0 to You wouldn't purposely bump your head against the wall state on the elghty acres selected by cision will settle also similar dis-,recimation servieo to take over the | ‘DL WELL SUPPLY C0. Me fae eheataas : just for the sake of seeing whether it hurt. the state petroleum was discovered in|pute between the state an leral/old Wyoming Central project under | wi To higher, 21¢; broil: Bits Grass Crock ‘feid, whereupon. the | govecntenta invalving salle to x teas aBicn aho.ted, -acrsuteveseaaie; rill sa eeeateee Rapier sy oe Neither would’ you make. a dubious oil investment just to secretary of the interior refused tojby eighty acres, the north one-half of} be reclaimed. He was mayor of Riv- | Vissue title to the tract selected by the|the northeast one-quarter of séction|erton for several terms and his intelli- ‘etate, maintaining that it had been| 19-46-98, from which approximately|ence and tireless industry went far | fee find out whether*you could lose your money, The money you invest must be placed CLOSE to production to insure safety, and also a likelihood of the remarkable returns which are possible in successfully drilling for oil. \ 11.56” Exceptional Opportunity _Holdings of the- “11-55,” x common law trust with a capital of only-$100,- CHICAGO, “March --29.—Potatoes— Market steady; receipts, 31 cars; Northern ‘white sacked and bulk, $1.05, @120 cwt.; Minnesota Red river Ojos sacked, ‘$1601.60 owt: Chicago © Provisions. 7S The hospitality of his fine home nl vacated the store room in the Henning who had attained both the Knight] ing,offices are stil! located at 407 Oil | standards, 41%c. 000, is located CLOSE to produc ~in fact has producing wells directly west | Riverton was famous throughout the! fotel building by moving its stock’ to . Templar and Scottish Rito degrees, | Exchange building ‘until the comple-|. Eggs—Market higher; receipts, 5i.- jand also was a member of the Shrine. | tion of the balance of the :building,|838 cases; firsts, 24%@2ic; ordinary In 1913 Mr. Dotelaen was elected ' which work will be started April 1. )| firsts, 21@22c; at. mark. cases isch saaaah - = * ae and south of it. To the east the mid Syndicate has been drilling in oil, |etate its own new building on the corner of a | and to the north the Unit-Eleven Fee similar evidences of production.’ the inténtion of the federal govern-| $1,000,000 of escrow funds has accu-|;toward making this one of the noe In “October, 1910, Mr, Delfelder was| Center street and Railroad avenue, |™arried to Miss Evelyn Hartman,| where the sales force will all be found, CHICAGO, March 29.— Butter— Before long “11-56” “may. be 4 ee with-producing wells of the Mon- tana caliber, and then it may be too late to invest in tthe HEART of area already mevit to transfer to the state in lieu of mulated. jably progressive towns of Wyoming. |. The Oil Well Supply company hg Who survives him. Te was a Mason | but the district and general account-|Market lower: creamery extras, 43%4¢ proven. » : F rete The Kasoming Oil company has solved the problem of, <curtailment of oil proguction in the Salt Creek field. ~The firm now has one 55,000-barre! steel tank going out to the ‘field and another on the cars coming to Casper. When these two tanks are up the Kasoming will be able to store 110,000} barrels of crude on its leases, |of the field. Gas pressure is placed! This step on the part of the Kasom-|#t 600 pounds to the square inch, xiv-) ing will enable that firm to go ahead|ing indications that the well will be Sin the usual way and operate its|® long-lived producer. “leases to full production without con-|_ On the southeast quarter of section Usidering the matter of the pro-rating| 929-79 Big Indian and Salt Creex Yet shipments. This will allow better | Consolidated have a well on the top Sand efficient production from the|f the Wall Creek sand at 2,000 fe, ‘Kasoming wells as they will not have|Preparations are being made to drill ito be pinched in any in order to stop|!t in immediately. Big Indian offi 85.0011 ziow. cials expect flush production will be| around 1,000 barrels, The well is oa the offset section to section 2-39-79 where Boston-Wyoming has a well re-} ported to have produced 1,000 barre’s| daily for two years. Other wells in| the vicinity have come in for flush production of from 1,000 to 1,500 ber. UNITED STATES GOVERNMENT REPORTS SHOW CAT CREEK OIL T0 BE HIGHEST Drilling Company Organized. The Montana Drilling Co., a com- jnon law company of Montana with a capital of $100,000 and 1,000 units is to start taking contracts for drilling Svells in Montana in the near future. | * reis. 7 The firm's prospectus states that setae GR ADE PR IN T ATES there are 2,500 wells expected to be . & drilled in Montana this year, oso at ci gong | ki B. Ge Mossin, Casper, all of 36- | / Shale Oil Struck AOeF M : —Headline in The Democrat-News of March 16. The Oregon-Wyoming Oil & Gas Li ophi r ahegad Kearney, Neb., | company, which is drilli th res zi il | horthwest of - Thermopolis, struck| |,Frank S- Hagood. Casper, | SW%i | The wonder field of the world comes into its awn. Across ‘the conti- wShale oil last Thursday. The strike, |f 10-45 seb ted aS ena | en MenietnOteliseed ana d Greance, inert ¥ ome Ogden, Utah, 8% nent they sing the praises of the famous!,000-barrel field in Montana. Practically assured of production and of dividends which may be larger 5 Ms . well, proves the presence of oil in the structure and warrants the belief that than those:paid by, the 56 Petroleum, which in afew months netted 100 per cent, trustees of the “11-56” have assigned the oil to the First National Bank of Win- H for good reasons. The oil, as the government report says, is the highest the ofl sands will carry the commodity } rade of any yet produc d the well: Id have the highest nett as trustee for the distribution of MONTHLY DIVIDEND CHECKS to unit- feerecsss Aah Aabae h8 | ia ok ae Pa 5 an a th . fs in this fie! h e holders. The plan adopted is the Breckenridge, which insures direct payment to At 40 fect will go into the Bi Pie on Eh AR Ee CODY: unitholders of the income-derived from the sale of oil from the “11-56” lease. Ee th ut 5D fect with In the heart of this great field stands 40 and 20 acres of the SECUR- . For the same reason that you wouldn’t skirt the RIM of production or bet ried down as “DIS IN MINN ITY PETROLEUM SYNDICATE. We own 40 acres in the well-. on the uldnt pass “ise so long as you could possibly get on the ENSIDE, e the sands carrying co ' known Devils’ Basin north of Roundup structure where three wells. are now am ae ae as, Bites SEA iRine DOLTAN Ge hAItER GU pleat three quantities of oil at something like book os i a nits. 0: k: ‘ost only Line CU ay " lea pigiasx tei) oh producing. months Tee earn several times thet much. ae. pe es {idiciously juverted, Dap lb Chechen pe kaa PRR CC = h than once been the stepping stone ortune, and inv in great a aiceront point in he pest| dividual holdings ie was intreied in So when you look to Montana think of Secunty:; Wile gamed: Hiat EAS ate Nastinede ant OIRMEYR Tioumnne” Before it ta. toa Inje, and thie tapped by the drill. The log of the} cluding the National Sheep company because we believed in it and because we know it stands Ag just. what it opportunity is gone forever, wire or mail your reservation of at least one unit. well in question, as far as the holeJand the Diamond C Sheep company. | has been sunk, is almost identical with what was revealed y the drilling at Hamilton dome. Eve ‘ything consid- fred, King dome looks like one of the best bets in wildcat operations in this part of the country today. New Wildcat Frojected. The Beaver Creek structure lying eight miles southwest of Sheridan |. to be thoroughly prospected this si™m- ier, and judging from the repcrts of several geologists of note, who have examined the field, the prospects for oil in commercial quantities is inost promising. The experts claim that the oil will be reached at less than 2,300 feet. A syndicate of Sheridan men has been formed, who havo cured a large standard rig and over ten thousand feet of casing and in- tend to be on the ground drilling at the earliest possible time. cently, while digging for water ~jcess of this campaign almost revolu- In 1903 Mr. Delfelder was appoint-| ed a member of the state board of! sheep commissioners and. served on | this board for ten years, the greater | part of the time as chairman. When he accepted appointment to the board, 90 per cent of the flocks of Wyom: ing, then the greatest sheep raising of the union, were afflicted abies. Imbuing other members | ‘d with his determination this distressing and damag- ing situation, and ably assisted by the indefatigible efforts of George 8. Walker, then secretary of the board, he persisted in a campaign against scabies until every flock in the state had a clean bill of health, the suc- tlonizing the industry In Wyoming. Mr. Delfelder wan the originator of | the idea of flockmasters financing a| wool storage warehouse at a central The scissors and the coupon work together. Use them. : “SPECIAL NOTICE WE ARE NOW offering Security Petroleum Syndicate units on easy terms. Security Petroleum Syndicate, 213 Main Street, The Security Petroleum Syndicate is capitalized at $150,000. It is a common law ~ trust. Fifteen hundred units at $100 each. For a limited time we offer these units on the easy terms of $25 down and $25 monthly until paid out. Reliable Agents Wanted CLIP the COUPON 3 says. . ’ sia QUI iT. BORGERT ven: ty-Six Syndicate \ Room 205 Montana. Building. _ Lewistown, Montana _ FOR SUBSCRIPTION BY MAIL—USE IT. TODAY APPLICATION FOR UNITS HASSELQUIST & BORGERT, Fistal nee , Boom 296, Merten Sine ont i iets “ Lewistown, M Dear ‘Sir: ; hereby a] GOT i eae icaeers units of the “11-56'' SYNDICATE, a Common i rile digging tor : point, Chicago, ‘and was. ono of the »———_> Lewistown, Mont, P. O. Box 646, : a J ti Bite Lewistown, Montana, and enclose hrewith check, money order a cky rmation of | directors of thi ter ‘ise. d considerable to the ex-| of Wyoming and other towns. In con- Trustees: Bocrnlenm sByndicate for, which . saela check ‘ ; as 3 ef Bde ‘epderats ize ih adie of this c der a i na ah nection with his banking activities he oS : PE ie Pe ney Tnene ter, “a 3 3 pa 5 “austen : a if oy. Q be ip —— 5 held the presidency of the Farmers . 3 ets Indian Welt Producing. |state Bank ot Powell and the vice | Charles Wiper, * 3 Name ~--~-~-2+------ ~~~ aan sg ihe Tieeacnaeee ca ota eee ta eae ae as © well on he Big dian lease in esid *f i i We ¢ Big Indian leare in | presidency of the Firyt State Bank es Cashier, Empire Bank City CRW Se A Slag SRA i ni cmd ite te ee, p. alt Cret id plete: vO it H . alt Cr . fe ae Neve) CHARLES 3. STONE | F. J. Robinson : Zz hamstibeb icone Petroleum Geologist H A. M. Lund i out and has a flow of 500 barrels Reports and Surveys ‘ ¥ paiva rd ; daily. ‘The well is regarded as one WINNETT, MONT. J of the best, producers in this section y ns as