Casper Daily Tribune Newspaper, July 8, 1921, Page 5

THURSDAY, JULY 7, 1921 WRKET GOSSIP AND FIELD NEWS NEW WELLS STARTED BY MIDWEST Two wells on top of the second Wall Creek sand, ready for completion, are shown ir ine report of drilling operations of the Midwest Refining company in the Wyoming fields for the last week, up to Wednesday. Detailed report of opera- tions follows: gallon in Greybull after having taken Salt Creek Field. & precipitate drop of § cents last Well No. 16-AX, NW%, section 2-) Wednesday, the northern refining 39-79; shut down ‘op second Wall! town ts claiming the cheapest market Creck at:1,547 feet. in the state. This represents a cut Weil No. 36-A, SW%, section 7.39-!0f 10 cents a gallon in the past year shut down top second Wall Creek| ®t Greybull. 292 fect. The Continental Oj! company ts dis- 73 at jout. notifications of a decrease in the Well No. 33-A SE%, section 30-40-| Wholesale price which would permit 78: cement setting at 1,985 feet. jretailing the gasoline at 25 cents. All Well No. 34-4, SE%, section 15-40. Fetail agencies lined up immediately. cement setting at 1,725 feet. | yell No. 4-A, NEX, section 22-40-| Shoshoni Test Wells. ; fishing for 10-inch casing at 1,610/ Several oll tests which are being : 3 | conducted in the vicinity of Sh i No. 15-A, NW, section 19-49-/are at depths which Indicate ther wre 78; fashing for too}s at 2,075 feet. Rabie mhousacteon Well 21-A, NW%, section 19-40-| quantities. Showings of gas and ing at 1,917 fee other favorable finds led to the he- Well No. 23-X, NW, section 2.3% / Het that commercial production will ment setting at 1,231 feet. |be encountered. Well No. 31-A, NW%, section 8-39-/ ‘The Minnesota-Western Oil com- running 10-inch casing to top ef/pany now drilling on a structure irst sand at 1,995 feet. }about 11 miles south of Skoshoni is Well No. 31-A, SE%, section 22-40-}down 2,700 feet and has a strong Grilling at 1,140 feet. showing of gas. The pay sands should Well No. 6-A, NW%, section 24-40-/be encountered before the 3,000-foot : Grilling at 1297 feet. |level is reached. Well No. 13-A, NEX, section 35-40-| 79; cemented July 3, at 1,255 feet. Weill No. 1-A, SW, section 22-40- 79: shut down at 2.355 feet. Well No. 30-4X, SEY, 40.79; drilling at 500 feet. Well No. 1-A, NE%, section 15-40- ; rigging up. Well No. 1-A, NE%, section 79; drilling at 215 feet. Well No. 1-A, NW, section 7-39-78; spudded July 1, drilling at 80 feet. Well No. 26-A, SW%, section 18; spudded J™y 3; drilling at 70 feet. 78; drilling at 1,700 feet. 79 the same field but higher up on the structure has completed cementing its hole at 2,300 feet and will pro- section 27-1ceed with the development as soon as the cement sets. The fact that many water sands were encountered in the field has re- tarded development considerably, but 3-40- an abundant supply for drilling opera- tions. Big Muddy Field. Higher; receipts 13,504 cases; Well No. 33, NW, wection 8-33-76; 1 Grate, 8G star eeaecer ony. Wy Aart shut down at 1,115 feet. | ne Neaee £ 26@pic; at mark, cases Well No. 19, BE%, section 3-33-76; ‘ aoe is Rin ie cement setting at 1,220 feet. | L) : sher; fowls, 26c; Well No. 51, NW%, section 9-33-76; | CAPITAL FILED IN wo vrotlers, cement setting at 955 feet. | ceca Well No. 20, NW%, section 3-33-76; 4 CHICAGO, tas 7.—Potatoes— arse See) cee, Se — . | Market steady; receipts 43 cars; Vir- Wall Mosel, Wy bilemee BS: Ree CHEYENNE, July 7.—The Standard] xinia, §3.75@4.50 barrel; Carolina, ing at 287 fect. |Oi Company of Indiana Wednesday | $3003.40 barrel; Kansas Early Ohios, Upton Field. Well No. 1, NE, section 3-47-65; a ‘ell No. 31-A, NW%, section 1-39-|tributing agent at Greybull and sentColumbine ... The Myrin Oj] company drilling on | It has had the benefits of affording | Realizing the present shattered condition of the oil mar- e Caspet Daily Cribune Today’s Markets by Wire GRAIN FAM ON puesiarer os hae onereee ||| - RAN AEPORTS LOCAL OIL STOCKS. Western OM Fields .... 18 General Rains in North Dakota S pa ae ‘CUR cLosING Have Bullish Effect on Chi- cago Trading Midwest Refz. Midwest Com. Midwest Pref. Merritt . Glenrock Oil ¥ owing to bullish crop reports North Dakota. much acreage in that state the Capitol Pete by drought and that Consolidated Roy. | Okmulgee advices were alsa received from south: Chappelle JAnten .. ern Ohio, Trade was light and the (Cow Gulch | Cities Service Com. market easily influenced. Opening | Domino S. O. Indiana . quotations, which ranged from \c off Elkhorn E. T. Williams to $1.17 and December $1.18 Frantz . % I ickktanth Petrotoue followed by material gains all around. Gates Sinclair Of Continued dry weather in Illinois, Great Weatern, . ITexas Olt Indiana and Ohio had a bullish effect ae ‘ i leas A aeaeticken Wasa on corn. After opening unchanged paptise JU. 8. Steel ...... to %e higher, including September at| | 2 fa 59¢c to 60c, ance Grosk) Maoalty. Union Pacific R..R. a | vs cided general advance Lusk Royalty . | FOREIGN EXCHANGE. Oats were lifted by the corn| Lusk Petroleum. . Sterling Strength, starting ‘sc to %e up, Sep-| Mike Henry .... -... | Francs tember, 37% to 37%, prices soon hard- Mountain & Gulf .... | Marks ning all around. Northwest _ = jidre .:.-.5 2: Higher quotations on hogs gave a Outwest : Call Money ... Uttle firmness ta provisions. Picardy erieeds . } “LIBERTY BONDS. Riverton Refg. : se S38 Sesast Closing Quot: . | Royalty & Pro. . |First. 4s "CHICAGO, prt See Wheat Sunset —_... - |Second 4s September $1.2013; December $1.2 Tom Bell Roy. : |First 44s Corn—September 60%sc; December Western Exploration . Second 4%s 6ltsc. - |Wind River Retg. ... lrnird 48 Oats—September 38%c; December 403%) c. I Lard—July $10. Ribs—July $10.40; Wyo-Kans |Wyo-Tex .. Fourth 4%s Victory 4%s WYONG CRUDE O1L MARKO: Grass Creek 15 Rock Creek -. Provisions. Torchlight -. -15) Salt Creek CHICAGO, July 7— Elk Basin — -- 1.15] Big Muday mery extras, | Greybull - 1.15] Pilot Butte virataa Hamilton Dome .35' Mule Creek ... | filed in the office of the Wyoming sec-| $1.90 cwt. |retary of state, certification of in crease of its capital stock from $100, CHICAGO, July 7.—Pirmness devel- oped in th ewheat market today, chief- It was said that on had been almost entirely destroyed! elsewhere the quality had been injure. Crop failure to ‘$c advance, with September $1.16% the market scored a de: rk—July $18.00; September $18.20. September $11.07. ptember $10.65. itter—Higher; fishing for tools at 200 feet. Miscelaneous. Golden Eagle dome, SW%, section 12-45-97; shut down waiting for high pressure fittings. Midway test well No. 2, north of Casper; running 12%-Inch casing at 1,560 feet. Moorcroft Test Resumed. Drilling will be resumed by the Houghton company on its property, section 15-57-65. A new hole will be started with the Dekota sand as the object of the test. This statement was made by A. M. Teakell, an Offi- cer of the company, on @ recent visit to Moorcroft. ‘The structure in which the test will be put down Mes between the Little Missouri and Thompson creek and has received many favorable reports from geologists. The Roxanna Oil company and the Union Oil company are reported to have extensive hold- ings on the structure. Shale Beds to Be Tested. One of the first commercial tests of the shale possibilities of the De- Beque, Colo., shale beds will be un- dertaken by the Shale Oil Producers company of Laramie. A Genet retort is being completed at the shale beds and it is said will have a capacity of 200 barrels of oil a day. At a recent meeting the following Laramie men were elected officers and directors: Jacob Berner, pres!- dent; Paul Barkenstine, vice presi- dent; H. H. Houston, secretary-treas- urer; Fred Wilson, fiscal agent; J. 8. King, manager; C. D. Strever and J. ¥. Meyer. ~ Oil Tariff Supported. Independent oft producers and cor- porations throughout the Rocky Mountain region, supporting the tar- iff protection of fuel and crude oil which was recently incorporated into the tariff bill. A protection of 35 cents a barrel on crude oil and 25 cents on fuel oil is contained in the bill. The western oil producers need this protection they declare because of the competition of Mexican and Central American production. Gasoline Cut at Greybull. With gasoline selling at 30 cents a POS AS ed en ee a ELL SPUDDED IN ON ADDITION SOUTH OF CITY Test for Oil, Gas or Artesian Wa- ter Started on New Butler Tract; Lot Sale Is Pro- gressing Mystery surrounds the spudding in of a well today on the south “40” of the new Butler addition recently Placed on the market by the Mountain Realty and Title corporation. Geolo- gists have claimed that an abundance of oil, gas or artesian water underlies this subdivision of the city of Cas- per and officers of the corporation are authority for the statement that drill- ing will continue until they get what they are “going after.” Whether this means the completion of an oil test almost within the city limits remains to be seen but the discovery of either oil, gas or an artesian flow of water would prove a sensation in close prox- imity to the city. Excellent results have been obtained in the lot sale covering the 80-acre tract recently thrown open south of Kenwood addition. Yesterday approx: tely $6,000 worth of lots were sold ring a steady increase in sales (er the iast two weeks, ket throughout the country the department of the interior | 000,000 to $140,000,000. The state ex has adopted a policy of co-operation with the holders of de-| acted $8,005 of fees for filing the cer velopment permits on government lands according to the | tification. ILLINOIS MAY BUILD text of a decision recently han If after the exercise of du holder of the permit he can file a cor- roborated affidavit that operations were unfeasible he will be enabled to retain his lease and maintain the right to operate it. No contests by third persons against oil prospecting permits on the ground that a permittee has failed to comply ‘with the terms of the permit will be allowed by the department of the in- terior, Promulgated. The decision will prove of great interest throughout the west where, it is understood, numerous contests were planned against prospecting per- mits on which the permittees had done no work. Under this ruling, every per- mittee will have a yoar and ten days from the date of his permit within which to file a corroborated affidavit showing the amount of work done upon his land. What attitude the de- partment will take upon such a show- ing will undoubtedly depend upon the conditions existing at the time. In the view of the department, the enforce- ment of the stipulations of prospecting Permits lies with the secretary. The decision was announced in the case of J. V. McNeil, who received a prospecting permit in the Visalia, Cal- ifornia land district (section 34, town- ship 26 south, range 28 east and W%4 Wis, section 2, township 27 south, range 28 east M. D. M.). on October 14, 1920. August B. Tieck, on June 9, 1921, filed a protest against the permit and an application to contest alleging that McNeil did not mark the corners of his tract within the ninety days of the issuance of the permit, as required by its terms and also that the permittee did not begin drilling operations within six months. After reciting the facts, the decision which ts signed by Acting Commissioner George R. Wickham and approved by Assistant Secretary Goodwin, reads us follows: “The department has held that in case a permittee is unable to begin drilling operations, with the exercise of diligence, within six months, from date of the permit, action will not be taken looking to the cancellation of according to a decision just} Articles of incorporation were filed ded down. | Wednesday by the Northern Milling e diligence on the part of the|& Elevator company of Sheridan, cap! the permit, but that 12 months and tal stock, $200,000, and the Platte corroborated affidavit specifying the) § The V.°Cy!Juhnson Lumber com | Work done upon the land embraced in| pany of Sheridan filed certification of the permit, together with such other increase of its capital stock from $20, |information as may be pertinent to} 000 to $50,000, Means purpose ot th bt-| American Oll Sells Holding purpose of this was undoubt- ican js Holdings. {edly to disclose to the department the) The American Oil company, once status at that time in order to show /an extensive operator in the Greybull what has been done by the permittee! fields has disposed of its properties and to show if the terms of the permit [which have three wells which former have been substantially complied with |ly produced, and the basis of the sale and the term, “togéther with such| transaction was that the purchaser, other information as may be pertinent}. G. Lewis of California, assumes to his operations, would include a|the company’s indebtedgess amount sete eeita Sette the ainda ing to nye peed Anoop The an is the required notice on the! step was fo. when the company land. had no money with which to bring “The purpose of the posting and|the properties to a paying basis. marking of the corners on the land ee = a embraced in a permit is to give no-| COOGAN TO FIGHT STOPPER. thos of ithe fact thats, permit bas! 2 ee |been granted to that particular tract ‘VER. July 7.- Mel Coogan, ‘of land. In this case it appears the| Brooklyn lghtweight and Jobnny | Protestant is fully aware that a per-| Stopper of Denver, have beer matched |mit was granted for said land and|for a 10-round bout to a decision here |his only purpose in seeking the can-| Thursday, July 14, it was announcee |cellation of the permit is to enable|today. Benny Leonard was originall: |him:to make application for a permit.| matched to meet Coogan on July 8 |To allow contests against permits for| but the bout was called offfowing to such purpose would be to invite end-| the champion’s illness. lesa ltigation which would tend to de} a feat the very purpose of the oil and inthe at first used by a | gas naliesuekt senate developing of | Frenchman only as a flavor for other | the oil and gas resources of the coun- | beverages. t card in 1924. Robert ich, is port at the university. chairfnan of the schaol’s stadium Zuppke, Tjinois letails of the huge athletic are »e completed here in 1924. ithletic field. In addition to the laying field beneath the of the stadium, ten other ake: lum and add rowing to the Zuppke said, “I got the idea. icoop out the stadium, thereby saving chitectural push’ this project as the main tion of the big stadium. i Without wasps fig trees would not produce fruit. “The only question raised by the protest is whether an oil and gas per- | mit is subject to contest by a third party. The only parties in the case |of an oil and gas permit is the per- mittee and the United tSates and a contestant could acquire no preference right to a permit though the contest; was sustained and the permit canceled. ‘The enforcement of the stipulation in a permit rests with the department and evidence that the permittee is not complying with the terms of his per- mit is welcome but a contest by a third party is not the proper pro- cedure and the application is, there- fore, denied and the protest dismissed {without right of appeal.” CARLOAD CARLOAD PHONOGRAPHS At Sartain and Sumey Auction House 326 W. Yellowstone Ave. Direct frora the factory. Will be sold at factory prices, at your own terms, Phone 1617-J for home Ellen Key says “Women still lovetobe pursued” Read what the Swedish philosopher j told Ida Clyde Clarke about Love | “and Marriage. highly original IN 3 i Pictorial Review | FOR JULY On Sale Now CHARLES M. LAKE AND START CREW Inited URBANA, I, July 7.—(By U 10 days from date thereof authorized,| County Credit Rating Exchange, capi- ress.)—Rowing ae be re ‘ths every permittee is required to file a| tal stock, $5,000. rsity of Hlinois incercoiteyi« te And tnis, although at oresent there is no lake or river near his quiet little university town. footbarl the proponent of the i.uw Zuppke is utive committee, which is planning all The stadium, with a capacity of: 75,- 100, will be in the center of a 100-acre from crop were | Livestock Mart CHICAGO, July 7.—4U. 5. Bureau of Markets.)—Cattle—Receipts, 5,000; beef steers and she stock, mostly 15¢ to 25c higher; top yearlings, $9.00 GAINS LOST AT and cutters, largely $1.75@3.25: bulls Decline Recorded in Early Stages and veal calves, to 50c higher; - ars 4 bologna bu! largey $2.50@5.00. of Today s Trading in New butchers, $5.25@6.25; stockers and York Market fecder slow i Hogs— Receipts, 28,000; better grades active strong; 10c higher;| NEW YORK, others slow, mostly steady with yester- feited par: day's average; top, $9.30; bulk, $9.00! gains @9.70; pigs steady to 10c lower; bulk| trading destrable, $8.85@9.25. jin most of the speculative favorites, Sheep—Receipts, 10,000; strong to|notably the foreign Mexican 25c higher, top native lambs, largely |Fetroleum soon declined 2 points and $10.50; bulk, $9.50@10.25; cu'ls $5.50@ rican Petroleum 1 point. 6.00; choice Idaho, $11.25; good, $10.85; recessions were made by the ¢ Prof stages of today’s king was observed ns were confined chalti Denver Quotations. DENVER, July 7.—Cattle—Receipts 1,000 head; market to inactive spe- These included Chicago Pneu Tool, Remington Typewriter $6.00@7.60; cows heifers, $4.00@ company and California Pack 5.50; calves, $7.00@ stockers and | ing feeders, 34.50@550; bulls, $3.00@4.00 Hogs—Recelpts 2,600 heat; rearket | Additional sales and the opposition 1Se higher; top, $9.25; bulk, $8.40@ of the sh« “raf rine hg dy 5 03 9.00. Ive forenoon. Mex Sheep—Receipts 3.200 head; market eum extended its decline to Studebaker led a rally be- rising 3 points, and other strengthened Georges Carpentier, light heavyweizht 2! champion of the wérld. in behalf of “ motors noon and accessories Johnny. Wilson,. middieweight . tithe 0)°"e, uni accessories strengthened holder, was announced by Marty Kil-\pains by Atchison, New York cen Mea. manager of the lat tral, Reading and Unt- sport exec- na to Western weathers, $10.75; bulk fat na Sugar, Atlantic Gulf, Stude tive ewes, $4.50@5.00: mediums and aldwin, Bethlehem, Crucible heavies, $3.00@4.00. 1 United States Steels. Rails re-! tained much of their firmness but! strong; lambs, $9.00@10.50;| $3.50@ ° and related shares record: 4.25. ed fv losses before supporting or ae Re ders caused partial recoveries. In WILSON CHALLE: GEORGES. dependent si th e leading equip- BOSTON, July ‘A challenge to ™ rs and sugars lost 1 to| TT This Is the Time to Buy RIENTAL RUGS Besides oriental rugs being half less than they were last year, you can still make your selection during the hot weather cheaper than any other season. Seeing Is Convincing PAGE FIVE Played little of yesterday's strength. Call money opened at 5% per cent, but exchange on London was reac- tionary. Silver. NEW YORK, July 7.—Bar Silver— Domestic, 99\c; foreign, 59%c. Mexican dollars, 45%9c. Money and Exchange. NEW YORK, July 7.—Prime mer- ntile paper, 6% per cent. Exchange—Irregular. ca Sterling—Demand, $3.70%; cables, 7 cables, Francs—Demand, 1.81c; cables, 7.83c. Gulilders—Demand, 32.60c; cables, 3 Lire—Demand, 4.82c; cables, Marks—Demand, 1 Greece—Demand, 5. Sweden—Demand, 21.75¢ Norway—Demand, 14.05c. 4c. cables, 1.33c. Argentine—Demand, 29.63c. Brazilian—Demand, 10.8Tc. Montreal—11 15-16 per cent dis count Time Loans—Steady Cajl Money—Easy: high. 5%: low. 5%; ruling rate, 5%: cloning bid, offered at 5%; last loan, 5% Metals. NEW YORK, July 7.—Copper—Mar- ket steady; ‘electrolytic, spot and near by, 12% @13c; thir dquarter, 13 @13%e. Tin—Easier: spot and near by, $29; futures, $28.75 @29.00. ominally unchanged Lead—Quiet; $4.40. Zinc—Steady; East St. $4.25@4 Antimony—$4.75. ces br EEN EE A new letter-stamping machi moistens the envelope instead of the stamps, and can attach 2,000 stamps an_hour. all 6 per cent. e Louis, spot, The largest stock ever shown by any one in Casper is now on display at the Chamberlin Furniture store by Khoury Bros. of Helena, Montana. All sizes from door mat to the largest rug that can be used for any home. Prices are lower than they have ever been and are arranged from $18.00 to $3,500 apiece. This display will be here only a few days longer. Come in and see them wheth- er you care to purchase or not. $40,000 Worth of Real Choice Pieces That would delight the eye of ary one who admires the eastern arts. main towering fields will be laid out for other games. Zupp- ke wants to biuld a larger artificial | 5 or lagoon around the new sta- | aff sport thou- mands of doliars in steel and cement.” Zuppke is also a member of the ar- committee and plans to inno- | You'll find some opinions of hers free of charge. This jug will keep strong and durable and bring it back and we \ Price Five Dollars at Casper Sales & Temporary quarters LENNOX THERMOS JUG For Farmers, Tourists, Sports- liquids hot or cold and if you should break it will give you a new one Distribution Virginia Hotel 2 men and Railroadmen holds one gallon, made your dealers. Agency 1 GUNNISON IAA Khoury Bros. AT CHAMBERLIN FURNITURE CO... NAAR 2 A “When I visited the Yale Bowie Ch hd hh hh LL Ld Le e can the dirt for an artificial lake and use it as the foundation fcp Clean-Up SALE Exceptional Values in Children’s Romp- ers and Dresses One lot of gingham Dresses and Romp- ers, ages 2 to 7, values to $1.25 $2.50, at___.. One lot gingham Dresses and Romp- ers, ages 2 to 7, values to $1 89 e $3.50, at-__. Children’s and Misses’ gingham Dress- hes up to $14, to go at. DOD One Lot of Ladies’ Gingham Dresses at One-Half Price Odd Lots Muslin Underwear Gowns, Combinations, Drawers, for ladies and children, values up to $2.00, all go at 50c each $3.00 $1 60 ‘Ruffled Organdie at $2.59 Per Yard 40-inch, regular $3.50 value. This material will make nice, cool summer dresses CL LLL LL SL One lot white Rompers and Dresses, embroidered in pink and blue, ages 2 to 5, values up to M $1.50 $3.50, at __. These are beautiful for children and are bargains. Boudoir Caps, one lot, and values up to $2.00 at. Boudoir Caps, one lot, val- ues up to $5.00, at... SA khhdhddbdndt bd hddddkhdddbddhdd hk ddd td dé Richards & Cunningham Co. THINK RICHARDS & CUNNINGHAM WHEN YOU WANT THE BEST WWIDIDLIIIIIS LIOR IINS II IIR IDOI IMGT. FRALSALLLALALALAALALAALALABMALLLLAZLALLL 77 TALL LAA hdd, ‘ DO ee ee ee er n n ew or 1e! us BD: 2 ng LT RIS3BREe 4 t 1 t