Casper Daily Tribune Newspaper, July 16, 1921, Page 9

FRIDAY, JULY 15, 1927 ARKET GOSSIP AND FIELD NEWS 067 SOLDIER FIELD EXTENDE The oil strike made by the BS of signal importance Hughes Oil company last Sat- to the Lost Soldier district be- cause it proves that the oil sands struck by the Bair Oil com- pany beliewés} 0; “ The Hughes well located north of: the. wells ‘were thought to be off structure. The strike which resulted in eneountering. commercial of) at 1,810 fe proves this a fallacy. With ctru lines ,Wwithdrawn, there is not:$imit to the amount’ of wildcatting ttiat will be determine just where the produci: fi sands play out and may result in u: covering the’ really heayy production that is believed to exist in the Lost’ Soldier district but as yet untapped. Pillon Agam Drilling. The Di'ton Oil cempany operating its property in» tue Ferris field has completed a fishing job at 2,960 fet and has resumed-drilling again. The well is thought to.he near the oil-bear- ing sands of the field. Standard Rigs Erected. Machine drilling outfits on the Fed- eral Operating company property in the Lost Soldier field are being re- placed by Stundard towers to permit deeper development. This concern re- cently took over the property of the Gate City Oll,company. Frantz Corporation. Frantz corporation has ‘ been granted a state leawe on all of seo tion 16-28-80) in the* Bolton’ Creek. dis- trict southwest of Casper. The com- pany is méving a, Star rig. to acre age acquired near Debeque, (olo.,.and three miles west of the test being put down jointly by the Inland Oil & Re- fining company and the Carter ©! company. Brown No. 1, on 17-15-20, Cat Creek field, east side, is. making 300 barrels a day. No. 2 Fifer, on 21-15-20, has spudded in. The test on the Brown's Coulee structure, near Havre, bas encountered a flow of dry gas at 1,200 feet In the Eagle sand. IcWhorter Plant to Be Sold. Edward M. Arnold, mortgagee, is offering for sale at auction on .tuly 16 at Lusk by the sheriff of Natrona county, the personal property and SECTION ‘36 SETTING RECORD Famous Salt Creek Section Pro- duces 630,113 Barrels in » Four Months +) Section 36-40-79, in the Salt Creek field, is one lease in that district upon which official records are available as to production and the value of the out- put and therefore is of more than ordinary interest. This lease produced 630,113.11 barrels of oil during the first four months of 1921 with a mar- ket value of $1,124,528.05. It also pro~ duced 40,514,000 cubic feet of casing- head gas, valued at $3,026.95. The land js owned by the state of Wyo- ming and is a school section, It is Jeased to the Midwest Oil company on royalty of 33 1-3 per cent and under contract with the Midwest Refining pompany for the purchase of the state's oyalty oll, the royalty oil brings a minimum price of $1.50 a barrel. The Yyoming Associated, a subsidiary of fhe Mountain Producers corporation, holds by assignment 400 acres in the ection consisting of the se\, 3% of e%, ne of ne%, e% of sw% and iwi of sw. The remainder is held by the Midwest Oil company and the ‘Midwest Refining company operates the preperty, ‘The lease produced 147,593.26 bar- els ofcrude in January; 127,949.72 in February; 157,777.81 in March, and 196,791.32 in April. The royalty re- ceived by the state amounted to $130,- 420,74 in January; $67,765.80 in Febru- ary; ¥9,127.68 in March and $9$,017.51 in April. The cocline in the amvennt of royalty as compared with tho in- crease’ in production is @de to the reductions in the quotations on. crude. On January 2 tle Gude ‘wes bringing $2.75 a, barrel and at tue end of Apri! It was $1.50, While the lease is a big producer, it Is not the largest producing lease in the field. Gue well on section 25, the joining section on the north, has the teputation of producing more oil than all of séction 36 with its 35 or 40 wells. xtend further north than structural indications led to between two and three: miles jreal estate of the MeWhorter Oil & | Refining company. in « foreclosure sale. The n«tes secured by the prop- erty includes one for $10,000 and in- terest, miking the total amount to }$11.395, and another for the same amount which with interest amounts to $12,449. It is understood that tho United States Oil & Refining com- | pany, will bid in the Property. Cat Oreek Royalties. Tho federal government has col- lected $96,927.84 in royalties from oil Produced from government lands in the Cat Creek field in Montana, rep- resenting its share from the time the field was brought in to April 1, 1921. Of this amount the state of Montana received $36,384.54 as its proportion. Debeque Test Near Sand. ; Pho test being drilled jointly by the ml id Oil & Refining com ny an the Carter Oil be reaching an interesting stage. siderable showing of gas was re- ported at around 1,600 feet and the boilers have been moved back and a casinghead control valve installed for any emergency, Cat Creek Runs to Increase. An arrangement hag been made be- tween the Montang’ Independent: Pipe Line company and the Midwest Re- fining company for the handling of the entire output of the Cat Creak Seld. The pipeline company has just put in operation its é4nch line from the field to Winnett and it is under- stood that the Midwest will take all the oil the line can transport to load- ing racks at Winnett. The Midwest has heretofore been taking about 3, 000 barrels’a day through a 2-inch and a 4inch line. ‘The runs will be Ancreased fo 4,000 barrels a day. The Cat Creek crude is so rich in gaso- line that it will never go begging for buyers. Several small topping plants {n the field are taking out more than 50 per cent gasoline from every bar- rel of crude they handle. Gilliland in Receivership. The Gilliland Oi! company, which operates principally in the mid-conti- nent field, has been placed in. a..re- ceivership with Waite Phillips, John H. Markham, Jr., and Richard J. Purley 6 receivers. The company has. $2,800,000 of 8 per cent preferred stock outstanding ard current debts of $2,500,000. Current assets are rated at $9,000,000. ‘This is the company which a few months ago began ship- ping gasoline into the Denver terri- tory which was sold at retail by sev- eral service stationk as low as 40 cents a gallon and which precipitated @ local gasoline price war. Tornado Pulls Pump. The Sterling (Colo.) Advocate, in telling of the freak performance of a tornado says that while passing near | * Akron, Colo., it pulled a pump and 150 feet of pipe out of a well. That's nothing. Once we saw a black cloud pass by a hen house pull a chicken off the roost, pick it and fry it for breakfast. Ford Cotton Sued. Thomas A. Brown, Russell D. George and others, officials of the Cot- ton Oil company, have filed suit in the district court at Denver against Ford Cotton, president of the com- pany, alleging fraud on them in the sale of stock and lands of the com- pany and ask for a judgment of $56,- 000 and costs and a body judgment. Last December Brown was reported to have sued jointly with Cotton for a judgment against officers of the Mount Oil and Refinery Syndicate in the district court at Newcastle. Tt was reported in March that Cotton Oil company leases had been trans- ferred to to the Hugo-Williams Oil company and that an exchange of Hugo-Williams stock for Cr.ton stock would t#.e place > Geologists Oil Expe-ts Oil Fieli Maps Biue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325 Rm. 10, Lyric For the ories. I also carry all high *I have just received a new supply of all sizes of Brunswick cord and fabric tires and inner tubes. Also luggage carriers, Boyce service units and auto access- Center Street Filling — Station PAT ROYCE, Prop. Corner Fifth and South Center Motorist grade oils and.gasoline. Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. LOCAL OIL ST@CKS. Amalgamated Royalty .04 06 American . 00% 02 20 85 15 19 10 : 07 Blackstone Salt Creex. 92 ‘Capitol Pete .... 00% Columbine 18 Hutton Lake Jupiter Kinney — Lance Ureek Roy. . Lusk Royalty Lusk Petroleum Mike Henfy .... . Mountain and Gulf .. Northwest Outwest Picardy . Riverton Tom Bell Roy. . Western Exploration . 1.40 Wind River Ref; 02 Wyo-Kans .... Grass Creek - $1.00 Torehlight 1.00 Elk Basin 1.00 Greybull 1.00 Lance Creek -. 95 Lander. -_-.. 35 WHEAT CLIMBS ON AUST REPORT September and December Op- tions Soar in Chicago Mart at Opening July 15 CHICAGO vanced today to the highest pri which. the September und December deliveries have yet touched this sea won. Increasing damage from black rust was responsible. Lower temp atures and rain failed to have m than a temporary bearish Opening quotations, which ranged from ic! to 2%c lower, with Septem ber, $1.29% to $1.31, and December, $1.33 to $1.34, were followed by a rise to Well above yesterday's finish, and then something of a reaction Subsequently, ‘selling of July wheat on account of delivery difficulties here led to setbacks in values. The mur- ket closed unsettled, 1%¢ to 2c advance, with September $1 , and December $1.36% to n was relatively easy; although sympathizing with wheat | strength. After opening tc to %c lower, in- cluding September at 61% to 6i%c, the market scored slight gains, but then sagged again. Expectance of large shipments to Montreal within the next few days brought about rallies in the subse- quent trading. Prices closed unset- tled, %e net lower to 4c advance, with September at 62c, Oats ascended as a result of bull- ish crop reports, starting %c off to a like advance, September 40%c to 40%c, and then turning upgrade all around. Higher quotations: on hogs gave firmness to provisions. Closing Quotations. CHICAGO, July 1 heat. WYOUING CRUDE OIL MARKET: net lower * ’ he Casper Daily Cribune Phones 203-204 Wyo-Tex. . on 02 | Western Oil as 19 PE, Ciba Secect aioe: a 2 | NEW YORK CURB CLOSING Bid. Asked. 8.25 el Merritt Glenrock Ot! Salt Creek (N | Western States | Prod. and Refrs. . |Cosden .. {Bik Basin . | Okmulgee Aten Cities Service Com. 8. O. Indiana NEW YORK STOCKS sha: of Cru Pl oils | Uni | Open. Close. Mexican Petroleum ..$103.00 $103.12 | quo! |Sinclair On tes 20.00 20.00 | Texas Oil ... see 33.50 33.50) 0h \Pan-Amertcan Pete 49,00 49.00 |U. S. Steel 3.00 71.60 |Unton Pacific R. R. .. 118.62 pt | FOREIGN EXCHANGE. | Sterling |Francs Marks . 117,87 lect cag -$86.30 87.12 86.92 87.22 87.06 91.10 87.10 -98.70 nex’ |First 44s Second 44s |Third 4% Fourth 4s Victory 4%5 $28. Rock Creek — -60 Salt Creek 50 Big Mudéy — Pilot Bytte _ oe 65 Hamilton Dome — cong! S |Mule Creek --, 45 —I ltember, $1.32%; December, $1.36%.| Corn—September, 62c; | December, 60%c. Oats—September 4114; December, 43%e. Pork — July ' $18.58; ° September, $18.76. rd—September, $11.95; October, 12.0 Rub 11.07. September, $11. § October, % ( Provisions. L CHICAGO, July 16.—Butter—Mar- ket higher; creamery extras, 40%4c; standards, 40c; firsts, 35@39%4c; sec: 30@34c. Easy receipts 12,527 cases; c rdinary firsts, 8 included, 27 ‘Live broilers. Poultry—Higher; 30 @36c. fowls, 30c; 2, 2, : Potatoes. CHICAGO, 16.—-Poatatoes— Strongert. receiptsse42. cars; Virginia, $5.15 5:86 ~barrel;— North Carolina, White Rose, sackéd, cwt., $2.70. CHECK ARTIST ARRAIGNED. 2 Me aM 20s an cto-nk Poatost George Schistline, charged with passing bad checks, and “Red” Ram- y, charged with violating the fed- eral prohibition law, will be arraigned EB. oe o, CoP Make Mra Me in preliminary hearing before W. Tubbs today. MONEY TO LOAN At reasonable rates on all active Oil Stocks © W. E. JACOBS & CO. 822 17th, Denver "o2® ® P aed Shops: | sities of Construction Durabili ection of Operation {We know that your underreaming can be done for less} ‘money with a Swan Underreamer than any other. My Gugamiie Macht ne, Bridgepo RC Ee tit Pll of Parts | ‘Underreamer Factory: Marietta, SPECULATIVE Sharp Pressure in Evidence at, Opening of Trading on New NEW YORK, July 15—Speculative sure at the opening of today’s stock market. vester, General Electric, Sumatra To- bacco, tions mny's change was rate approximating the recent Dealings during the morning were in many weeks. Shorts effected fur- ther losses among steels, equipments Roebuck, International Paper, Bag, Can and shippings. Rails were neg- vision consisting of one point clinee partly Mexican Petroleum rallied Call money opened and renewed into NEW YORK, ond 12% @13c; third Tin—Ei $4.25@4.38. Antimony—Spot, $4165. NEW YORK, July cantile paper, 6% @6% per cent. bles iuilders—Demand 31.84 Norway—Demand 13.25c. Argentin 1 BPRS Brazilian—Demand 10.50c. Montreal—i2% per cent discotnt. Time Loans—Steady; all 6 per cent | Call Money—Firm; high 6; low 6 ruling rate 6; closing bid 51%; offered | ISSUES DOWN -accorccx-ararvl | CHICAGO, July 15,—Cattle—Re jcipts 4,000 head; steers; yearlings and calves steady; she stock, slow to 25c lower; bulls strong; top steers $8.85; bulk, 5@8.40; bulk fat she stock, $4,50@6.50; canners and cut ters, largely .00@3.50; bologna} bulls, $5.00@5.85; butcher b largely $6.00@6.50; veal calves, mo: ly_ $10.50@ 11.00. Hogs—Receipts 20,000 head; mar ket 15 to 25c higher than yesterday's average; better grades active; others slow: top, $10.40; bulk better graces, $9.75@10.35; bulk packing sows, $8.60@9.00; pigs, strong to 10c high er; bulk desirable, $10.00@10.15. | Sheep—Receipts 8,000 head; west-| ern lambs steady; sheep and native | lambs, steady to strong; good Idaho/ lanybs, $10.50@10,65; bulk desirable native lambs, *$9.75@10.00; . culls, $6.00; Oregon year-old wethers, $6.50; light ewes, $5.00; heavy and medium weight, $3.50@4.25. Denver Quotations. DENVER, July 15.—Cattle—Re- 00 head; steady; beef steers 50; cows and heifers, $4.500 calves, 37.50@10.00; _stockers $4.50@5. bulls, $2.00 York Exchange res again reffected sharp pres- In the early dealings losses 1 to 2 points were registered by cible-and Bethlehem Steels, Har- Houston Ofl and Famous vers. Other steels equipments, &nd motors were lower by frac- to one point and Western Telegraph extended yester- severe decline. ion low tation. * the smallest ecale of any session oils, also Famous Players, Sears- Union American Woolen, American ed, the only changes in that & in Great Northern and Chi- o Great Western. Losses were recovered before noon when 2 points. Hogs—Receipts 10 to 15¢ higher; of sales, $9.50@9.90. Sheep—Receipts 2 head; market $9.90; bulk 400 tops, t week at 6 per cent. Metals. July 15.—Copper— electrolytic, spot and near by, uarter, 13@13%e. Sasier; spot and near 00; futures, $28.00. lly unchanged. 00 head; steady $4.50@ by, | ISRESCINDED ZALVESTON, St. Louis, spot = Texas, July 15.-— Silver. President Obregon has rescinded the W YORK, July 45.—Bar Silver|oxport tex crude oll, according to a Domestic, 9944c; foreign, 60%c. |a:spatch from Mexico City. After fexican dollars, 46%4c. all night conference of the Mex congress he issued a proclamation re scinding the tax This was done after Presid sr. gon lad received assurances United States would not pls port tax on oi Money and Exchange. 15.—Prime mer- Obre xchange—Heavy. cables — a 7.79; biei 7.80 = cea nd 761, ca.| FRENCH PRAY FOR Francs—Demand 7.61; ca. RAIN. 7.62c. Cardinal Dubois, today called on 31.78¢; PARIS, July archbishop of Paris, the people to pray for rain of the prolonged drouth, which has caused mucW damage and suffering The cardinal instructed the clersy to rs for rain during cables fc! ire—Demand 4.52c; farks—Demand 1.3: reece—Demand 5.40c. ‘eden—Demand 21.05c. cables 4.530. cables 1.34c. Demand Best Hard Wheat Flours Plush, Velvet, Rex EPPS, - Made from choice “Turkey Red” hard wheat, grown be on the non-irrigated lands of eastern Colorado. - Ka It is impossible to produce a better flour at any price. Every sack is guaranteed to give satisfaction or money cheerfully “refunded. ASK FOR THESE BRANDS when ordering flour. FOR SALE BY ALL GROCERS Farmers Flour Mills Co. BERTHOUD, COLO. PAP MAP MGT MG MAP PGP ES a a a a a a a <a Saturday’s Specials Phone 320-W Phone 320-W This is canning season so be sure to take advan- tage of these prices on Self-Sealing Mason Jars. You will probably not have another chance to pick up jars at these Prices again. | © 1 dozen Self-Sealing Quart Mason Jars _.___ $1.30 1 dozen Self-Sealing Pint Mason Jars $1.05 1 dozen Self-Sealing Mason Jar Caps 1 dozen Self-Sealing Mason Jar Lids .... wtereen— LOC Large can Morado Yellow Freestone Peaches, can 28c 1 pound White House Coffee ............... 1 pound Solitaire Coffee ...... 1 pound package Steel Cut Coffee. 1% gallon can White Karo Syrup . iZ gallon can Dark Karo Syrup . Family size package Soda Crackers 1% pound package Solitaire Tea (any blend) 1 pound package Solitaire Tea (any blend) —— 47¢ 1 pound package Lipton’s Tea _._. tr 90C Some bargains in 1 gallon cans Mazola Oil to- day only. 1 gallon Mazola Oil _....... Sapiaf atte > SEE WE DELIVER THE GOODS GIVE US ATRIAL PAGE NINE CLEARANCE SALE Our buyer and manager, Mr. Hayutin, is in the East on a buying trip. Mr. Hayutin has given us instruction clear our entire stock to make room for merchandise he intends buying on his trip. Our Clearance Sale Ends Saturday Nig July 16, and Contains’ the Most Remarkable Bargains Ever Offered the Buying Public of Casper See Our Windows and Read These Prices. Society Brand Suits One Lot of Scout Work Shoes $2.35 One Lot of Dress Shoes $3.99 The Famous Weyenberg Work Shoes $4.45 Gauntlet Leather Faced Gloves 20c Regular 35c $8.45 Canvas Work Gloves Knit Wrists 5c English and Blucher Ralston Shoes Any Pair in the House to ht, OO ——————— es cows’ = a ean Hs sis REFER O@8bS Ssoera” epee. Ree Balbriggan Union Suits 75c Work Shirts 65c Overalls $1.00 Boys’ Shoes During this Clearance Sale we will offer a 25 per cent reduction. 260 So. Center St., Casper, Wyo. Full Cut, Fast Colors Blue Buckle Union Made . LEARNER BRATS Blse are