Casper Daily Tribune Newspaper, October 28, 1921, Page 11

FRIDAY, OCTOBER 28, 192 NEW YORK OIL TAKES RANK ONE OF STATE'S BG OPERATORS In nt Deri nue ti OS IAD pene rir cong s From 100 Salt Creek Wells and Many Others. CHICAGO, Oct. 283—(U. B) Bureau pts, 7,000; » steady to fhe Casver Daily Cribune Today’s Markets by Wire ee peat penne FURNISHED BY TAYLOR & CLAY 4 > | Western Staves NEW XORK CURB CLOSING. $ 11.50 1 WMAKET BOSSIP AND FIELD NEWS GAT GREEK PIPELINES EXTENDED The Elk Basin Consolidated, according to Montana re- ports, is laying a new four-inch pipeline east of the Mussel- shell river across from the Cat Creek field to take oil from the new well of the Frantz corporation in what has been des- ignated as the Antelope field and other anticipated produc- 0|tion. The size of the extension to the new field is the same 13.28 : as that connecting the Cat Creek |field with Winnett and {ndicates :ho PAGE ELEVEN estern wethers, largely nd two's, $6.10; fat ewes averaging @around 112 pounds, $4.75@5.85. Denver Quotations DENVER, Oct. 23.—Cnttle—Re. ceipts 1,300; steady; beef steers, 5.00@ 6.00; cows and heifers, ~3.25@5.0 calves, 50@9.00; bi stockers and feeders, 4,.50@6.00 Hogs—Receipts, 2 er; top, 7.90; bulk, 6.26@7.75, 12,000; market 25c_ highe: bs, 7.75 @8.50; feeder lambs, $6.50@ SAAS BOOSTED nV STRIKE NEWS Renewed But Trading Bebe k Aggressive Action; Bearish Reports Seen CHICAGO, Oct, 28. — Moderate strength developed in the wheat mar- ket today as a result of the settle ment of the threatened atrike of rail- road employes. Buying, however, was not of an Aggressive character, and Offerings increased on the upturns tn price. Bears contended that higher yalues would be difficult to attain pending the removal gf export con- gestion. Opening quotations which ‘varied from un figures to 1M¢ higher with December $1,07 to 91.07% and May $1.10% to $1.11% were fol- lowed by numerous changes within the initial range. Subsequently demand broadened out and the market took a much more decided upward swing. The close was unsettled, 1% to 24%c net higher with December $1.08 to $1.08% and May 18% to $1.13%. “ Poor and oats paralleled the action ‘ot wheat. Corn opened Ho to ec Righer, May 53%c to 5840 and later eased off somewhat. Unfavorable husking returns from Hiinois tended to increase bullish sen- ‘tment later. The close was firm, 1% to 1%@1%e net higher with May Oats started %e to %e up, Decem- ber 37% @880 to 38c, but then under- went something of a setback. Provisions were lower in line with hogs. je low. 1 High 1.08% 1.06% 1.18% 1.10% A8% ATS 54% = 52% 82% 37% «+ LOT + 53% . 33 31% 34 38) HICAGO, Oct. 28-—Bittter—Unset- 4; creamery extras, 46c; firsts, 33% 44%4; seconds, 33@35c; standards, receipts, 2,668 fowls, 28; unsettled; 0c; turkeys, CHICAGO, Oct. 28.—Potatoes—Mar- ket dull; receipts, 90 cars; total United shipments 1,22; northern sacked, $1.65@1.75 cwt.; bulk, $1.70@1.85 Ccwt.; Red River Ohio’ sacked and bulk, $1.65@1,85 cwt. Sandland Ohio's, $1.50@1.65 cwt.; russets, sacki $2.10@2.15 ewt. @anadian bull @1.35 cwt. SEVEN MILES OF BIG GAS LINE COMPLETED The Ohio Ol company has com- pleted seven miles of its 72-mile pipe- Une now being laid to’ carry natural gas from the Elk Basin field to Bil- lings, Mont., where it will be used for reial purposes. This advice was} Creek comm: brought back to Casper this week by W. F. Ott of the Royalty and Produc- ers corporation, who has been mak- ing an extensive tour of the Montana fields. The Illinois Pipe’ line ompany, which is doing the construction work for the Ohio, is making good pro- gress with the 10-inch line on ac- count of good we&ther, Mr. Ott say! and’ with continued favorable condi- tions, the gas supply should be in the Billings lines at an early date. Mn Ott says that cheap fuel in Billings, together with good transportation fa- cilities, many manufactories should be attracted to that town. J of the entire state. One of the distinctions which the ,|New York Of1 company holds with pride fe-that this organtzation the concern which pioneered thé well at Salt Creek which resulted in the pening of the Second Wall Creek and in 1917. Other pioneering which was conducted by the company re ulted in the development of gas in he Iron Creek field and South Cas- ver Creek field; ofl in the Spindletop and Hamtiton Dome fields and both ol and gas in the Poison Spider and Hamilton Dome structures. . So tmportant has been the success which attended the New York com- pany's effort in providing Casper with gas for commercial and domes- fc purposes that at this time over 2,000 contracts have been signed by ocal consumers anc between 18,000- 900 and 20,000,000 cubic feet of gas is nw consumed in the homes and in the industrial plants of Casper dally. As gas development ts one of the ‘arge commercial efforts of New York company. a resume of the operations which has placed this company in a sosition of dominance especially in his important feature of field opera- tons fs conciusive.. 4 Production o fFieids. Following’ is a resume of the pro- cuction by fields and wells. Poison Spider: Wells Now 12-7 on tahe NW%12- $3 have a combined production of 14,000,000 cubic feet of gas dally. Well No. on the NE% me | 33-83, produces 6,000,000 cubic x Well No. & on tahe SE% sec. 12- 33-83 im on top of the sand. . ‘Well No. 4, on the NE% sec. 11 32 1s a 4,000,000 cubic foot producer. Iron Ct i: ‘There tare four gas producers lo- cated on seo, 11-32-82 with an esti- mated initial flow of 60,000,000 cuble fect daily. Soutah Casper Creek field: Well No. 4, pawl sec. 18,000,000, cubic feeta. . ‘Well No. 5, NEY sec. 33-84-88, 15,- 000,000 cuble feet. ‘Well No. 6, NE% sec. 38-34-83, 7, OOo Not. BW eo, 26-26-83, 3B, 10,000,000 cubic 34-34-88, fect. . 2, SWH sec, 34-84-83, er eee complete, indications ‘ead to belief it will be itargest well n field, .+ on sand, isla, 2,000,000. to 26,000,000 cubic om developing this tremendous gas production the New York Oil Com- pany has the distinction of having penetrated all of the Sundance gas sands which are now known to be productive. Every sand that is now prod gas was 0! deve- loped by this’ concern 4 year or more New York company also holds valu- able propertiés in many other fields. On the nw quarter of sec. 7-40-78 an oil well is now on top of the sand: and should be completed during she coming week. fies a indications have attended the lopment of this property. The well in the Spindletop field located on the southeast quarter of gection 31-30-81 is sow Grilling at 1,- 475 feet. This well will replace an- other which was drilled in a prodycer and caved after the ofl sand was reached. -* ‘Well Down 4,030 Feet One of the deepest wells in the state is being put down by the New York Oil company in the Boone Dome dis- tict... The well on sec. 10-35-85 is now drilling at 4,030 feet. < In addition the tompany {s also interested ‘with the Ohio Oil company In the development of 640 acres of hand in the Lance Creek field. Also |the company holds a joint Cae dag in 18 wells in the Hamilton a the development of which finds them associated wit the Empire Of! com- pany, Cook Oil corapany and West- ern States Oil company. New-York also owns outright one oil well in the Poison Spider field which ‘ig capable of producing~ 175 barrels of ofl daily. This well is lo- cated on the southeast quarter of sec.. 12-33-88. Another oll well has been developed on the northeast quarter of section 4-38.83 in the South Casper field which is estirnated will have a settleo production of 75 bar- rels of of] @ day. campaign company th its control of thou-, sands of of land holds promise of being numbered among the great- est development agencies in many ficlds of the state. . . ee In a. field of nearly 1,000 contest. ting students and employed piris. minutes she wrote 94.4 words a min- ute without error. Western Exploration ~- 1.00 WYOMING : 45 + 145 = 1.05 4.50 626 6.75 182.00 24.00 46.25 46.7! $0.87 81.50 110.87 120.60 FOREIGN EXCHANGE. Sterling cena seen ee $3.92 133% 59% aoe 5% $92.68 92.50 First 4%s ... 30 |Second 4X5 . | Third 4% |Fourth 4%= Victory 4%e CRUDE OIL Lance Creek .... Mule Creek Balt Creek WESTERN STATES PRESIDENT 1S OPTIMISTIC, REVIEW HOLDINGS Company Has 38 Producing Wells and Six Gassers, Wildcatting Suspended. Predicting that the future holds bright outlook for the Western States Oil and Land company, H. C. Bret- chnelder has just issued a statement to the stockholders to keep ther ad- vised of the progress that is being made on the numerous properties which are held by the company. One of the most interesting features}, of the report is the summary which shows that the company has 38 pro- ducing ot! wells and six gas wells and is drilling seven wells in proven ter- ritory, Only one wildcat well is be- ing drilled. This conforms with the policy of the company to eliminate ‘wildcat development curing the pe- riod of the ofl depression. The sum- ™ary follows: Producing Ol Wells: Lance Creek, 1; Mule Creek, 16; Hamilton Dome, 14; Salt Creek, 3: Soap Creek, 8; Deer Creek, 1; total, 38. Gas Wells: Lance Creek, 3; Creek, 3; total 6. ‘Wells drilling in proven territory: Balt Creek, 2; Soap Creek, 2; Deer Creek, 3 (gas wells); total, 7. Wells drilling in wildcat territory: Boley. Oklahoma, 1, A detailed statement of the prop. erties of the company and the devel opment which has been accorded these lands fs also contained in thc report. It indicates that all work was confined to developing the proven lands of the Mule Creek, Hamilton Dome, Salt Creek, Soap Creek and Deer Creek fields. The statement is printed herewith: Lance Creek Field Three gas wells, No sale. for the gas at present. One oil well producing about 50 bar rele per day. Salt, Creck Field W% of NW% section 5-39-78, 80 acres. ‘This is being operated on a 90-10 working agreement. ‘There is one producing well mak- ing about 300 barrels per day, one well shut in and one well drilled through first Wall Creek sand. NE section 5 8, 40 acres, and in the NE 8-3! , 80 acres. This property is being operated under a 50-50 working agreement with the Eureka Wyom! Petroleum com pany. There is one pro@ucing well on this property that will make 600 barrels per da; . SBY% 6-89-78, 40 acres. This prop- erty {1s being operated on a © 50-50 working agreement with the Rainbow Petroleum company. A commercial well has been completed on this tract. . The company also has a 5 per cent working interest in the NW% section 6 and a 25 per cent working interest in the NE section 6-39-78. Thero are three producing wells on these tracts. One well shut in and three wells drilling. The company also has 50-50 work- ing interest in 67 actes in the NW% 8, which will be oper- Deer cre. age have been granted by the secre- tary of the interfor on the basis of 25 per cent royalty. All the ‘above acreage is proven second sand terri- tory. 3 Mule Creek (Niobrara-Co.), Wyoming. The company has 2,000 acres of land in this field, part of which is provén territory. The company has 16 producing wells, capable of pro- ducing: we. barrels per day. The roy- | alty is one-eighth. for the present. Hamilton Dome (near Thermopolis, Wyoming.) In this field the company has @ 59- 50 working agreement with the Pe troleum Producers o6rporation on about 1,040 acres; 500 to 600 of which have beon proven. The company has 14 wells on pump capable of produc- ng 600 barrels per day. The royalty an this property ia 37% per cent. Field is shut in for the present. Deer Creek (Grant County, Okla.) The company has leases on about 2,000 acres at Deer Creek, Okla., pat- ented land carrying one-eighth royal- . on which the company has three gas producing wells, one of] weil, hree wells drilling and one dry hole :n this flel®. ‘The gas is being mar. seted to the Oklahoma Natural Gas company, and the oll ia being sola to the Producers & Refiners' corpora- tion. Boley (Okfuskee County, Okla.) ‘The company has leases on a sub stantial block of acreage in sections 2, 18 and 14, township 12 4 ange 8 east. This land is located on . well defined structure which was eoommended by Bauer & Ciark, geol- gists of Okmulgee, Okla., as well as ¥ our geologist. The company has \ well down 3,000 feet on the NE f section 14. This well will be drill- d to 8,400 feet, if necessary. The ‘oyalty on these lands is one-eighth. § Soap Creek (Big Horn Co., Mont.) The company has leases on ‘eres on this structure from the “row Indians and others which cov- ‘8 practically the entire dome. On -his property the company has three »*roducing wells which will produce 4,000 barrels per day, as soon as we rave facilities for marketing the ofl. The Midwest Refining company ts wecting a 66,000-barrel storage tank ‘or the storage of the oll until the completion of a pipeline. Two more wells are now Grilling. The royalty on these lands {s one-eighth and the company has 67% per cent working interest In_the entire acreage. me Is Champion House Cleaner “Your medicine is certainly the greatest cleanser I ever saw. I never thought such stuff could be in @ hu- man being. I am feeling ten years younger sitfbe taking the course of Mayr’s Wonderful Remedy, and am telling everybody it ts the champion house cleaner. in stom Field fs shut in ." It is a simple, harm less preparation that removes the catarrhal mucus from the intestinal tract and allays the !nflammation which causes practically all stomach, liver and intestinal ailments, includ- Ing appendicitis. One dose will con vine or money refunded. At all drug. gists.—Adv. When Mary Adams died in London the other day, after having served nearly fifty yeags as a servant in the royal family, Queen Alexandra sent a beautiful wreath with a few lines ex- pressing her appreciation of the wom- an's services. TOO LATE TO CLASSIFY. ee ee FOR SALE — Some nice 640-acre homesteads, with ; near Pow- der river; the old timer that knows. 914 South Oak street or phone 584W, evenings. Art Gaylord. — 10-28-12t* ——— WANTED—A coal mine foreman and pit_boss. Box 94, Tribune. 10-28-3t DIVIDENDS ON Marine Oil Company Vovegber 2, 1921 ne ' TAYLOR & CLAY (Inc.) Phoné 203 RAIL SHARES ARE STRONGER Passing of Strike Crisis is| Marked by Strong Upward | Movement Today NEW YORK, Oct. 28.—Rails, equip- ments, steels and olls led tod: ex- pansive ané active stock market to higher quétations. Settlement of the railroad labor situation caused exten sive covering of short contracts. Sales ted 1,000,000 shares. The NEW YORK, Oct. 28—Shares of railroad and equipment companies and strong at stock market. Settlement of the threatened railroad iabor strike impelled heavy ring and some Great Northern Northern Pacific made early gains of 2 points, Chicago & Northwestern rose 24% and New York Central, Reading, Chesap Ohio, Baltimore & Ohio, and 8! ‘a advanced to 1% pointe. Gains of 1 to 2 points were made by American nd Baldwin Locomotives, General o trie and Crucible and Bethlehem Steels. Oils extended their gains of he last few days, with further heavy rading in domestic issues of the Pa ific group. Selling for profits and the 6 per cent opening and renewal rate for call y caused only occasional impair: nent of gains during the morning on the stock market Investment railg did not tmprove their early position, but junior issues, including St. Paul common, Rock Island, Pere Marquette, St. Louis & San Francisco, Southe Rallway preferred, and Missouri Pa- fic common and preferred, showed gains of 1 to 2 points. Additions to the stronger indus- trials, included Pullman, Haskell & Barker, Lackawanna Steel, Anaconda Copper, American Smelting, American Sugar, American Woolen and Sears Roebuck, these also gaining 1 to 2 points. General Asphalt and Standard Oli ot New Jersey and Standard Oil of Dalifornia, were added to the higher ofls. Foreign Exchange Irregular. NEW “YORK, Oct: 28—Great Bri ain—Demand 3.91%, cables 3.91%. France—Demand 7.24, cables 7.24%, Italy—Demand 3.94, jarmany — Demand 0.57%, cables 0.57%. Holland — Demand 33.92, cables Sweden—Demand 22.95. Denmark—Demand 19.10. Switzerland—Demand 18.28 Spain—Demand 13.35. Greece—Demand 4.45. Argentina—Demand 82.63 Brazil—Demand 13.12. Montreal 92.12%. $ loney. NEW YORK, Oct. 28.—Call honey, firmer; high, 6; low, ruling rato, 6; confidence of the Elk Basin company in the possibilities of the new prc ducing district. In the, Devil's Basin field the Mon: arch well, on which work was sus Pended when the first sand was reach ed at 1,353 feet, will be deepened to the second sand, expected at about 1.- 700 fest, a soon as some new equip: ment can be secured. The location {# in section 16-11-34. The Van Dusen company will spud in for @ new well on section 24-11-24 of the same field within the next week the location being in @ direct line be tween the Van Dusen discovery well and A. B.C. No. 1, The company has two dard rigs to Grill out what is considered’ proved territory in th district. The Miles City refinery has Agreed to contract the ofl as soon as Production aggregates 600 barrels day. In the Soap Creek field, section 2-7 32, the Dox Oil company has set 6% inch casing at-the top of the sand at over 1,500 feet and oll which has al ready developed in the well indicates @ good producer when it ta drilled in. The National Refining company's, +|well on the Indian Creek structure near Hobson is held up by a fishing Job for @ bit lost when the hole had reached a depth of over 1,400 feet The company has prepared for winter Activities and @xpects to complete ‘the Well between 2,000 and 2,500 feet saaicats A nou Boats STANDARD GETS EUROPEAN OIL PRAGUE, Oct. 28.—Contracts giv- Ing the Standard Franco-American Oil company of Paris exclusive rights in developing oll territory throughout the greater part of Czecho-Slovakia have been approved by the cabinet This firm ts a subsidiary of the Stand ard Otl company of New Jersey. —————— closing bid, 4%; offered at 5; last loan, 5; call loans against acceptances, 5. Time loans, steady; 60 days, 90 days and six months, 54% @51%. Prime mercantile paper, 5% @5%. Metals. NEW YORK, Oct. 28.—Copper— Market steady; electrolytic, spot and near by, 18c; later, 183@13\c. spot.and near by, futures, 28,37. Tron—Steady, unchanged. 4.70@4.75. Louis spot, son is said to be the only officer in th: British army to start in the ranks an win Geologists Oil Field Maps Blue Prints Wyoming Map & Blue ~ Print Co. P. O. Box 325 Rm. 10, Lyric OE Pertection of Operatio {We know that your underreaming can be done for less} ‘money with a Swan Underreamer than any other. ;You can rent one from any one of our stores. VEVERENTEREAREN CRE RO NERO reel TH ae Hetty ble de 1‘ || | Wh I| PELUCLELCrttteeeetiates Distributed Vine of Parts wry] Machine||Co. Peer eee ce pee ane | } | Underreamer Factory: Marietta, Ohio SeCUeLcAELOURP Eee aens BRANCH STORES— Rising Star, Texas. Breckenridge, Kaw, Okla. Ranger, Texas. Florence, Fort Worth, Texas. Tulsa, Okla, E!'Doradc Texas. Kan You Need Warm Clothes We Need the Money So the Trade can be Easily Made Come to the STAR CLOTHING COM- PANY, the men’s and young men’s outfit- ters, where you will secure real bargains. No fake or sensational sales. Our motto is “Money back, if not satisfactory.” We have marked down many articles to prices whereby you can buy your winter needs at a great saving. Read the Prices Then Com- pare-They Tell the Story Heavy Moleskin | Vests $3.45 | Wool mixed Hose 2 pairs for 35¢ Mackinaws as low as $9.95 Sheeplined Vests Leather Sleeves $8.45 A Good Heavy Wool Ulster Overcoat with or without belt $12.85 Corduroy Pants as low as | $2.45, Corduroy Coats Double Breasted Just the kind to work in Single Dress Coats in Hard All Wool Worsteds, about 26 of them. Will Let them Go at A real All Wool Army Hose, the kind were sold for $1.25, now A5c Heavy Jersey Gloves 15c SHOES! SHOES SHOES A good comfortable All Leather Work Shoe for $1.75 Heavy Black Buck double sole Shoe $2.15 A Real Army Shoe, Munson Last WATCH OUR WINDOW FOR THE PRICES