Casper Daily Tribune Newspaper, April 6, 1922, Page 6

emis = ve ec iz ¢) co ra on ry va re ie, te PE at 3 wh RRS me e ‘se + the Chappell ! PAGE six Sate ce be Casper Daily Cribune clas Anes tase CHAPPELL NOW IN HANDS OF FLK BASIN Election of Directorate Promi- nent in Affairs of Consoli- dated Company Is Significant. With the new board of directors of Off company including Jos Cook, Sid Keoughan, James G. Stanley, H. P. Ferree and Mark U. Woeber, elected at the annual meeting of the company yesterday. It is indi- cated that the Elk Basin Consolidated Petroleum company ts now in control of the Chappell company through stock owership. All of the newly elected directors with the exceriion of Mstk Weber are members of the boar! of the Eik Basin company. Placing Elk Basin men fn control of the destinies of the Chappell company carries out the recent statements ap pearing tn these colvans that a deal had been perfected whereby contro! of the stock of the Chappell company had passed to the Elk Basin and Mutual interests, Control of the Chappell Oil company was obtained by the Elk Basin com- pany on a basis of 20 shares for 1 ‘The deal was made by officers of the Chappell Oil company with Sid Keoug- han and Joe Cook personally. Under the transfer the Chappell company which has production in Salt Creek and in many southern fields ‘will become a member of Consolidated organizations which makes Elk Basin interests a complote unit in the oll industry. The Ek Basin company is a dividend payer, 10 percent being fixed annual rate. It produces, réfines, and distri- utes. Trough stock ownership it con trols the Frantz corporation, Mutual Of1 company, Northwestern Oil and refining company, Mountain and Gulf company, Keoughan-Hurst drilling company, Elk Basin Petroleum Com- pany, Grass Creek Petroleum company. Through various of these ccncerns production in the Salt Creek, Rock Creek and other fields in Wyoming and the Cat Creek field in Montana was secured. Kansas, Texas and Okla- homa filds are now added to the list by the Chappell company. The con- cern operates the Mutual refinery at Glenrock and a 1,500 barre! plant at Cowley, and a lubricating and com- pounding plant at Chanute, Kan. FARGO UNCORKS GIANT GASSER A 30,000,000 to 40,000,000 foot gas- eer was opened by the Fargo Oil com- pany in the Poison Spider field Tues- day evening, when the deep test hole which is being drilled encountered the heavy gas producing sands at a depth of 1,470 fect, ‘The test well which encountered the big yield will be temporarily suspend- ed when the bottom of the Sundance sand is reached until the pressure is decreased by turning the yield into the lines which supply Casper with the commercial product. When the pressure in the hole ts di- minished sufficiently to permit deeper drilling the Fargo company wif! drill on down to the Embar and other deep- «x formations of the district in order to test the possibilities of the field as a commercial oil producer. When the test well is completed the drilling crew will test Well No. 7 which is located on the neck of the South Casper creek field and which is making but a small yield at the present time. This well will be drill- ed to more prolific gas sands which should be encountered at a depth of 1,120 feet. VOL. 1 Presbyterian Church The Sunday School hour has been changed to 10:30 a.m. Evening wor- E. GIANT OIL WELL OPENED IN SALT CREEK RUNS 3,225 BARRELS DAY With. daily production tested in excess of 3,225 barrels, the well completed by the Wyoming Associated Oil company | American Beet Sugar April 1 is proving one of the biggest producers which has been completed in the Salt Creek field in several weeks. as well No. 36A is located on|477er) the northeast quarter of section 14-40-79 in the outskirts of The giant producer known the big production belt in the field The well was completed at a depth of 1,860 feet Three other wells were completed in the field during the past week. one by the Midwest Of company and two by the Mountain and Gulf company. The Midwest well, No. 18A was com- pleted at a depth of 2,185 feet on the northwest quarter of section 7-39-78 Production for the first 24 hours tested 657 barrels. Well No. 4A was completed by the Mountain and Gulf company on sec- tion 6-39-78 at a depth of 1,995 feet and tested 400 barrels. A 600-barrel producer was completed by the Mountain and Gulf company on sectien 13-40-79 Sunday. The well revched a completed depth at 2,177 p Test Unfavorable. favorable indications now attend the deep test which is being conduct- 4 by the Midwest Refining company on section 833-76 in the Big Muddy field. Difficult ¢rilling, inability to case further and a caving hole have all presented problems which are detri- mental to finishing a commercial pro- ducer. The well has now reached a depth of 4,330 feet. Four inch casing was set to that depth. Efforts to proceed past that depth have resulted in bad shale cavings which has greatly lim- ited progress. In order to overcome the cavings a three inch liner has been set in the the hole and an effort will be made to reach the Lakota formation in the field with very light tools. This is the unfavorable aspect of the hole which a few weeks ago was held as the salvation which would re- juvenate the Big Muddy field. The Daketa sand was reached at a depth of 4,302 feet after two years had been spent in an effort to complete the test. First indications pointed to a com- mercial yield from this sand. Further testing of the formation, however, in- dicated that the well would not live up to expectations. If the well now lives up to original expectations the Lakota ofl sand will have to prove a prolific producer. It is believed that the Lakota sand ts the formation which ylelds commercial wells in the Lance Creek fiald. No Sensations in Elkhorn. No special significance is attached to the recent reported ofl flurries in wells Nos. 6 and 13 of the Fikhorn Oil company section 4-33-76 in the Big Muddy field. The wells showed strong gas pressure and some oil when the casing was'being pulled from the holes in the abandoning process. It is be- lieved that the showings came from formations which had been cased off when the well was drilled to the Wall Creek sands in the field. Tests are be- ing made by the bureau of mines and the Midwest company to determine finally whether there is any chance to return the yield to these wells. Outside Tests Spudded In. Tests which are held to be of vital importance in determining the produc- ing limits of the northeast end of the Salt Creek field have been started this week by the Five Tribes Petrol- eum company, and the Aurora. syn- dicate, The Five Tribes well is located well sutside the present producing area of the field, but is said to be situated at a point which will enable the com- pany to determine the oll and water lines. The drilling located is on sec- tion 19-40-78. The Aurora syndicato well will be rifled on the southeast quarter of the northwest quarter of section 29-40-78. This well will be in charge of A. T. Danaher. Chan Adams holds the con- tract to drill the test. Grading for Pipeline Storage. ‘With grading crews working on sec- tion 11-39-79 in the Salt Creek field, apparently preparing the surface for storage tanks, it is held probable that that location which is owned by the T. Williams Oil company, will be LLS he Salt Creek terminal of the pipe- Line which will be constructed by the Wyoming Pipeline company, an organ- zation which draws its principal back- ing from officers anf stockholders of the EB. T. Williams Oil company. E. J. Sullivan, general counsel for the E. T. Wiliams company and a member of the board of the Wyoming Pipeline company will be in Casper tomorrow, and it is believed that he will make definite announcements of the proposed plan of the company at chat time, = / * New York Stocks Baltimore and Ohio Bethlehem Steel “B" Canadian Pacific . Central eLathtr . Chandler Motors Chesapeake and Ohio Chicago, Mil, and St. Paul Chicago, R. I. and Pac. Chino Copper Colorado Fuel and Iron Corn Products . MAY WHEAT [5 GIVEN SETBACK Closing Unsettled Today With Many Sales to Go Into Storage. CHICAGO, April 6.—Unfavorable crop reports from the southwest tend- ed to bring about higher prices for wheat today during the .arly dealings A leading expert advised that the crop tn general was very late and likely to deteriorate in a rapié manner if weath °r proved as dry as usual during May. Comparative firmness of Liverpool quotations helped also to lift values here. The opening, which varied from unchanged figures to %c higher, with May $1.29% to $1.30% and July $1.18% © $1.19 was followed by moderate sains all around and then something @ reaction. Subsequentiy selling of wheat to go into storage here led to a decided set- back in the price of May delivery which went to llc over July as against 15c over at one time earlier in the woek. The close was unsettled, with May $1.30% to $1.30% and July $1.18% to $1.19. Wet weather was more or less re- sponsible for an upturn in prices of a Crucible Steel .. Erie Famonus Players-Lasky General Asphalt . General Electric * General Motors Goodrich Co. . Great Northern pfa. Illinois Central Inspiration Copper . International Harvester Iut. Mer. Marine pfd. International Paper Invincible Oil .... Kelly Springfield Tire Kennecott Copper ".. Louisville and Nashvilie Mextcan Petroleum Miami Copper ... Middle States Oil .: Midvale Steel .... Missouri Pacific New York Central - N, ¥., N. H. and Hartford’: Norfolk and Western Northern Pacific ....... Oklahoma Prod. and Ref. Pacific Oil Pan American Petroleum Pennsylvania People’s Gas Pure Ol . - Ray Consolidated Copper Rep. Iron and Steel Royal Dutch, N. ¥. Sears Roebuck Sinclair Con. Om: Southern Pacific Southern Railway Standard Oil of N. J. Studebaker Corporation ‘Tennessee Copper Texas Co. .... Texas and Pacific {Tobacco Products .. ‘Transcontinental Oil corn and oats. After opening %4c off to a shado advance, July 61i%c, the corn market scored fair general gains. Later the market eased off some- what with wheat. The close was un- sottled at % to 1%c net advance, with July at 62 to 62%c. Oats started at %c decline to a like advance, July 38% to 38%ec, and then climbed a Uttle in all the deliveries. Provisions were easier notwithstand- ing higher quotations on hogs. Small- ness of provision shipments from here as compared with a year ago attracted considerable notice. Wheat— Open. High. Low. Close. May — - 1.29% 131% 128% 1.30% July — - 1.18% 1.19% 1.17% 1.18% Corn — May ~- 57% 585% 57% 58% July - - 61% 62% 61% 62 Oats— May - - .36% .36% .36p .36% July — - .38% 39% 38% .39% Pork— May - - 19.75 Lard— May ~~ 10.90 10.95 10.87 10.95 July --11.25 11.25 1112 11.20 Ribs — May —-11.27 11.30 11.27 11.30 July ~~ 10.60 Butter and Ecgs CHICAGO, April 6.—Butter higher; creamery extras 33% @ 34; firsts 31 @ 33; seconds 29 @ 30; standards 33%. Eggs unchanged; receipts 21,265 cases. Poultry alive lower; fowls 23; springs 30; roosters 20. —.—_. Do you want a close in lot where there are no building restrictions. Look over the big level lots in Hol- man Acre addition. Our cars await your commands. Phones 340 or 74. MILLS, WYO., APRIL 6, 1922 Party for “Grandma” Van Lint | Friends of “Grandma” Van Lint | sathered at her home last Friday R. C. Dockham Surprised | Friends and neighbors gathered at! |the home of R. C. Dockham last Sat- ship at 7:30 p.m. Rev. Henry W.| night to spend one more pleasant ev-| urday evening to celebrate his birth- Bainton of Lingle, Wyo., will preach.| ening with her before her departure| day. Many games were played. Sand- All are welcome to these services. Same Ss Tom Martin's shack was broken into | ing as one of the most enjoyable oc-| April Fool sandwiches. The guests} and about $200 worth of tools taken. TONIGHT ‘Two Standard Features and a Comedy at Midwest Theater Mills, Wyo: 12—-REELS—12 ADMISSION 25c Including War Tax One Performance Only Sta¥ting at 8 P. M. TONIGHT for California, Both Grandma and |her guests will remember this even- |casions spent together. |had brought with them lots of good jeats. Mrs. Bybee, Mrs. Baker, Mrs. | Hunt, Mrs. Lambert, Mrs. Lee | Smith, Mrs. M. Kennedy, Mrs. Todd, Mrs, James Gallinger, Jr., Mrs. Bohr- |man, Mrs. Jefferies, Mrs. Hamilton, | Mr. and Mrs. Campbell, Jack Barfoot | and the guest of honor, Grandma Van | Lint, were present. fe Presbyterian Ladies’ Ald The Presbyterian Ladies’ Aid held |a special ‘business meeting atthe ‘home of Mrs. Perry Hunter ths aft- |ernoon. Plans were perfected for the | supper to.be given by them tomorrow | night. j eee ee Moving pictures wl be shown |the Midwest Théatre tonight at 8 o'clock. The proceeds will go to the Denefit of the operators and stage hands who were employed at the Lyric in Casper which closed last | week, leaving salaries unpaid. All | who can should attend this show. j a | Grandma Van Lint left Saturday |evening for Sacramento, Cal., where |she will make her future home with ja son. ————__ | Miss Virginia Anderson of Casper entertained Miss Emily Riley at din-| many friends wish for her speedy re-|ler, Claude Smith and M \ ner last Tuesday erening. at) wiches were served, which proved, to |the amusement of the guests, to be Later real sandwiches, cake and coffee served? Among those present were: | Mr. and Mrs. Omar Baker, Mr. and Mrs. Ivan Jeffries, Mr. and Mrs. Leon- ard Hamilton, Mrs. Harvey Toda, | Mrs. Evans, Mrs. Walter Hunt, Mrs. | Melis, Mr. and Mrs. Dockham. gee Miss Emfly Riley and John McNeil Were entertained at dinner last Fri. day evening by Mr. and Mrs. R. C. Carlie of North Casper. We wish to correct the error made in Monday’s paper in announcing Olaf Husted as beng ordained and in- | stalled elder of the Presbyterian church. This should have read Mr. Jack Husted. Sibeet as | tre, Lawrence Swanaham and fam- ily arrived from Wood Lake, Neb., | Saturday. Mr. Swanham has rented | the Newhirter house on Midwest ave- nue and the family will make Mills their home. apne eee Mrs. Addie Barfoot returned from the Casper Private Hospital Satur- day, where she has been for the last six months, following a motorcycle [secident, in which she an@ her son | Jack were severely injured. Mrs. Bar- foot is still confined to her bed. Her coverye L- + 7 8 4-4tt NEW wer# Coughlin, Union Pacific ..... United Retail Stores . U. 8. Ind. Alcohol ...... United States Rubber 64% United States Steel . 97% Utah Copper ... 65 | Westinghouse Electric 62 Willys Overland ........ 8% American Zinc, Lead and Sm. Butte and Superior Cala, Petroleum . Montana Power . Shattuck Arizona . Great Northern Ore . Livestock Mart Prices. CHICAGO, April 6.—(United States | Bureau of Markets).—Cattle receipts, 11,000; beef steers slow, about steady; top yearlings, $9.25; best heavies early |’ $8.85; bulk $7.25@8.50; she stock weak bulls strong. bulk bolognas, $4.25@ 4.40; bidding 50c lower on veal valves; few sales to outsiders, $9.00@9.25; packers bidding $8 down; stockers and feeders steady. Hogs receipts 22,000; fairly active; steady to 10c higher than yesterday's average mostly 50 ‘higher; big packers holdin gback; top $10.80; bulk $10.20 @10,70; pigs strong to 10c higher; bulk desirable 100 to 125-pounders $10 @10.50. Sheep receipts 11,000; slow, little |done carly; bidding generally 25¢ to |50c lower; few sales big 26c lower; choice handy wooled lambs $15; good strong weight shorn lambs $13 sorted. Omaha Quotations, OMAHA, April 6.—(United States Bureau of ets.\—Hogs receipts, 7,000; mostly strong to 10c higher: closing easier; bulk 180 to 210-pound butcher $10@10.1 PATRONIZE Mills Merchants NO. 10 Farewell Party for Miss King Miss Ruth Hunter entertained at a’ |farewell party for Miss Edith King Saturday afternoon. The time was |pleasantly spent with progressive! |games and guessing contests. Light| jrefreshments were served. ‘Those Rresent were Miss Edith King, Jean Margaret Barry, Geneal Smothers, Emily Riley, Dorothy Ri ley, Ruth Hunter, and Mesars. How- |ard Mellis, Harold Stecker, Laurence |Waldon, Norman Waldon, Howard |Green, Walter Geiger, Leroy Algier, | Walter Allen and Russell Bulson. aged Presbyterians Meet ~ Members and friends of the Pres- byterian church met at the home of Mr. and Mrs, H. H. Elliott last Fri- iday evening for a social time Music jand games filled the evening and at |a lato hour ice cream and cake were |served. Following the refreshments, |the remaining cakes were auctioned |off. This money was used to finish | paying for the song books. pa ie Messrs. Jack and Olaf Husted left today for Alexandria, Minn., where | they have been called by the death of |a younger brother, an Presbyterian Ladies’ Aid Supper. ‘The Presbyterian Ladies’ Aid will give a supper tomorrow night in the. new church. Come and get a good, warm meal. —__>___ | Mr. and Mrs. R. C. Dockham gave | dinner Sunday for Mrs. Louise Mil- and Mrs. [ivan Jefferies, _,+ Wind River Refg. . 02 | United Pete ay WyoKans . 1.10 Wyo-Tex . 5 01 Western Oil Fields 68 Western States . 27 Y oi 20 NEW YORK CURB ‘G SEAR AE SN AR EDEL EE TARR UTNE 2 Securities Oil Furnished by Taylor and Clay Mountain Producers .$ 12. $ 12.50 rt : 10.50 toed 143r! 10} Fourth 4%s Victory 4%s ! ae enthusiasm {fn the afternoon. (TURNOVER SETS STOCK RECORD =. Hae ds aN York an on New Exchange. Today. rails extended their gains in late trad- ing but United States Steel, Studeba- ker ard General Motors eased on prof- ittaking. The closing was strong. the active opening of today’s stock market. Accumulation of those issues seemed to be based on the peace moves by Washington, Reading, Nor- folk and Western, and Ontario and Western made one point gains, St. Louis and San Francisco, Buitimore and Ohio and Pere Marquette prefer- red also strengthening. Bethlehem “B" was strongest of the steels and equipments and motors, notably Am- erican and Baltwin Locomotives, 9 | Westinghouse, Studebaker and Chand- ler hardened with Mexican and Dutch Oile. Specialties were represented by American Ice at a gain of 1%4 points. ‘Tho market strengthened as trading broadened in every direction during the morning. Sales to noon were es- timated at 750,000 shares. Many new high records y--re made by steels, mo- tors, equipments and rails. Buying of the independent steels, especially Van- adium and Replogia, as well as United States Steel and Studebaker, Chan- dler, General Motors, Westinghouse, Electric Storage Battery, Baldwin and Pressed Steel was accompanied by fRains of 1 to 4 points. Oils extended their advance and Great Northern Ore, Canadian Pacific and Chicago and Al- ton were among the other conspicuous features. Call money opened at 4% per cent. The market continued to give a broad demonstration of speculative The re- '50| Cent advance ‘had been so violent in 215@325-pound butchers, $9.75 @ 10; packing grades $8,50@9.50. Cattle receipts 3,000; beef steers many cases, speculators were dispos- ed to take profits on a large scale but the absorptive capacity of the market was so great the offerings had virtually little effect on prices. The Practico of shifting from ene group to another was continued. Brooklyn slow, heavy grades 10c to 15c lower;|Rapid Transit, New York, Ontario and others about steady; top yeetithes| $8.60; other classes of stock mostly steady. 1 Sheep receipts 4,000; lambs slow to 25@40c lower; top wooied lambs $15.75 | clipped lambs 13.75; spring lambs} $17.50; sheep and featers steady; shearing ewe lambs $14.90. Denver Prices. DENVER. Colo., April 6—Cattle re- ceipts 900. market steady; beef steers $8@7.40; cows and heifers $5@7.25; calves $8@11.50; bulls $2.50@4; stock- ers an dfeeders $6@7. Hogs receipts 2,300; market 10c to 1c higher; top $10.10; bulk $9.70@ 10. Sheep receipts 4.900; market steady, later lower; lambs $14@15.25; wathers $10@10.40; ewes $9@9.75. MEXICAN OIL ‘FUTURE LARGE MEXICO CITY, Mexico, April 6.— (By The Associated Exhaus- tion of the Mexican oil fielda is a mat- ter connected with the very remote! future and present contemplated de- velopments are such as to guarantee large, continuous production for a) long time,” said Edward E. Doheny, president of the MexicanPetroleum company, prior to his departure for the Uniged States. . Doheny said his trip to Mexico had been only to inspect his com- pany’s property, and that his party; had found “our land holdings, as to; development and prospects, are more! encouraging than ever before.” ‘His! interviews with President Obregon| and heads of the governmental do- partments were described as most, agreeable and satisfactory. TINGLE’S LAXO ASPIRIN RELIEVES. RHEUM “ISM ——__— Physicians = gentle TIN Bak your drorgat gees }Three Potnt Box,” Therapeutia Research Laboratpries, Retna ingten, DG wap Fate + Western, New Haven and Mexican Pe- troleum were moved up in rapid fash- fon at gains of 2 to 3 points. Metals, NEW YORK, April 6.—Copper easy; electrolytic spot and nearby 12% @12%; later 12% @13. Tin easier; spot and nearby 29.37; future 29.50, Iron steady; prices unchanged. Lead steady; spot 4.90@4.95. Zinc firmer; East St. Louis delivery spot 4.90, Antimony spot 4.50, Foreign Exchange, Steady. NEW YORK, April 6.—Great Brit- ain demand 4.38%; cables 4.39; 60 day bills on banks 4.35%. France de- mand 9.10%; cables 9.11. Italy de- mand 13.55. Montreal 97 1-16. Silver. NEW YORK, April 6.—foreign bar silver 65%c. Mexican dollars 50%c. SHOWS DECLINE Average for Last Week Lower in Central Texas and Other Regions. NEW YORK, April 6—The dally ‘average crude oil production of the United States showed a decrease of 2,875 barrels for the week ended April 1, according to the weekly summary of the American J’etroloum Institute, The estimated daily average produc- tion was 1,462,825 barrels, compared with 1,465,700 barrels the preceding week. Production increases were shown for Oklahoma, North Texas, gulf coast, Wyoming and Montana, and California, but these were offset by the losses in central Texas, north Louisiana and Arkansas and Kansas, In Oklahoma production of the Osage Nation is shown at 85,900 bar rels against 82,500 barrels and output of the Lyons-Quinn pool was 58,600 barrels against 61,700" barrels. The Mexia pool, central Texas, is reported Ut 122,500 barrels, against 135,500 bar- rels; Haynesville, north Louisiana, 82,- 000 against 95,950 and El Dorado, Ark., 35,250 barrels against $5,350. In the gulf coast field, west Columbia is reported at 33,700 barrels against 35,- 000 barreis and Orange county 21,500 barrels against 20,300 barrels. Figures collected by tio American Petroleum Institute show imports of petroleum (crude and refined oils) at the principal United States ports for March, toalled 12,976,450 barrels, a daily average of 418,595 barrels, com- pared with 10,579,000 barrels, a daily average of 377,802 barrels for Febru- ary. Imports at principal United States ports for the week ended April i, to- talled 2,342,500 barrela a daily aver- ago of 334,642 bartels, compared with 3,112,000 barrels, a daily average of 444,571 barels for the week ended on March 25. : LOST Reward for information leading to return of two brownish-black horses; strayed or stolen. Casper Dairy Co, Q R Swift, 7s, 1925 OIL PRODUCTION = Corns Vanish When Touched With ‘Gets-IT’ As ® sponge absorbs water. so does “Gets-It" absorb and draw out of any “onder big or little, a! in and corn, it ~oreneas. It never fatis. jets. Sold in Casper by Kimball Drug stores, Tripeny Drug store and Cas- per P y- SALT Casper Storage Co. 313 W. Midwest Ave. Force & Co. Loan Money On_ Oil, Mining, Indus- trial and Railway Stocks and Bonds. (Mail This Coupon to Us.) FORCE & COMPANY, Stocks and Bonds, 315 Tabor Building, DENVER, COLO. I own the following stocks: hares —tTry a Tribune classified ad—— cAnnouncement John M. England REAL ESTATE AND INSURANCE Casper, Wyo. O-S Bldg. April 1, 1922. Having decided to retire from the insurance business, I have sold my in- surance agency to the Company, Building, Casper, Wyo. In making this announcement, I wish to thank the public for the busi- ness entrusted to me in the past, and to solicit for the R. T. Kemp Company the continuation of their old business and any new business that they may have. ¢ JNO. M. ENGLAND. “INSURANCE—That’s Alt” R. T. KEMP COMPANY located at 212 Midwest R. T. Kemp Company “INSURANCE—THAT’S-ALL” Midwest Bldg. Casper, Wyo. April 1, 1922. .Having this day purchased the in- R. T. Kemp surance business of John M. England, ~ we wish to assure the public that such business as they have on the books of that agency will be given every atten- tion in this office, and also that we are ready and willing at all times to give you any information relative to insur- ance or to assist you in any of your in- surance problems, We earnestly solicit the continuance of your business in the companies in which it is now written, and any new business which you may have to place. 212 MIDWEST BLDG. . PHONE 370 R,. T. KEMP COMPANY.