Casper Daily Tribune Newspaper, April 18, 1922, Page 6

PAGE SIX MARKET GOoalP AND FIELD NEWS NOTCHES DOME TEST PROJECTED == The Notches Dome in Natrona county, one of the most) promising black oil structures in Wyoming which was held |Consolidatea back on account of the title situation prior to the passing of | “apite!_ Fete the oil land leasing act, will be given a thorongh test this loon aaa summer by interests identified with the Midwest Refining |Domino .. company, as a result of the granting of a permit on 2,560 as WHEAT PRICES GIVEN SETBAG European Complications Con- tributing Factor to Weak- ness in Demand. CHICAGO, April 18.—General selling ascribed mainly to weakness of the New York stock market and to Euro- pean diplomatic complications led t setbacks in the price of wheat today as the board of trade session drew to a clees. The finish was heavy 1 to 1%c net lower, with May $1.39 to $1.39% and July $1 * CHICAGO, April 18—Wheat took a yew upward swing in price today dur- ing the earty trading. Liverpool market showed but Little ad vance as compared with the big gains here while the Iéverpool exchange was closed for Easter holidays. Nots- ble absence of pressirre to sell was ap parent in Chicago and a renewal of crop damage reports from the south- west tended to stimulate buying and to life values. The seeming apathy at Liverpool was apparently ignored here except at the opening. lower, with May $1.39% to $1.40 and July $1.24 to $1.24%, were followed by a raise all around to well above yes: terday’s finish. Up to midday, there was persistent buying on the part of houses with eastern connections, prices meanwhile continuing to ascend. Later, how- ever, the market rapidly lost ground. Corn and cats parcliried ths action of wheat. After opening unchanged to %c lower, July 64% to 64%c, the corn market scored a moderate gener- when wheat prices grade. Tho close for corn was weak %o to 1c met lower, with July 63%c to %c. Oats started %c off to %e up, July 40%c and then showed gains for ail months. Provision prices were inclined-to sag although the Initial quota- tions which ranged from % to 1%¢ [icres on the dome to E. Tyler Smith and others: In 1918 the Midwest, jointty with a }1ocal syndicate, drilled a test well on Se 37-85, about 50 miles northwest of Casper, and b: & well which | was ever given a ‘While the| well afterwards went to water, it jproves the presence of of] on the struc- |ture. A second well was drilled the following year but was not carried! |down to the sand. Subsequently the Wyoming Fuel O11 company was in- corporated in Maine with a capital of $1,500,000, in which Midwest is the largest stockholder, to take over 4,000 acres held by the syndicate In Aungur+, 1920, applications were made by t!e lunators for permits on his acreage under eection 19 of the| easing act ind the permits were grant- last month. This dome is some es referred to as the Lane dome} er Silas Lane, one of the first lo ors. Last September the Lox Syn- dicate drilling on 25-37-86, five miles! | southwest of the Notches well, en- countered ofl at around 1,770 feet but t slittie has been heard of this opera-|S tion and ft is not yet known whether the well will be a commercial producer. | * Good showings of oil and gas on sev eral domes in that vicinity have taken| place in the past year or two. Form Another Company. ‘The Apex Of1 company has been in-! 5 corporated In Wyoming with an an-| © thorized oapitel of 200,000 shares, par| $1.00, with H. A. Myrin, A. C. Ridg: way, E. H. Luikart, Oscar W. Nichol- son and A. C. Allen as directors. My- rin formerly was with the Sun com. pany and Ridgway was vice president of the Rock Island system. The same interests control the Myrin Oil com. pany, the Wyoming Star Oil company, and is reported to have acquired con- trol of the Independent Producers Con- rolidated, operating in the Osage field. ‘These interests were reported last fall to have contracted to drill 40 wells on the Briggs Oil company lease in Osage. Other operations incinded the, drilling of a wildeat jointly with the) Midwest Refining company in Alkali Butte, a wildcat in the Shoshoni dis- trict, and some operations in a new district in northeastern Wyoming. Mexts Output Declining Total production of Mexia field, Limestone county, Texas, from com pletion of first well to March 1, is placed at 15,516,343 barrels. Of held 4m the absence of any special demand_| in storage at end of month was 10,303,> Closing Open. High Low. Close May 137% 144 1.38% 1.139% 124 126% 1.23 123% 118 119% 116% LITX% 69% 61% 59% BOG 4% 65% 63% 63% 38 BK EHC BOH 40% Ale 39% 39% 21.00 May ——-080 080 20:72 10.72 July —-11.07 T1L.07 TLoo 611.00 Ribs— May). - 41.32 i137 «61122 «1132 July-—— 10.65 Butter and Eres. CHICAGO, April 18.—Butter un- changed. Hggs higher; receipts 47,021 cases; firsts 23% @24c; ordinary firsts 22% @ adie extras firets-26@26%! Million Lost In Great Fire POCOMOKE CITY, Mi, Apefl 183— Revised estimates of the joss from yesterday's fire, which devastated the business section of this plice and de- stroyed between forty and fifty dwel- ngs, placed the figures at approxi mately $2,000,000. HGH SCHOOL BANO TO APPEAR ON WEONESDAY The high school band concert, which was scheduled in yesterday's edition as taking place tonight, will be held. tomorrow at § p.m. Over 20 students will take part in this inter- esting performance, the. first of its kind given by the local organization. 900 barrels. Avernge daily production for February was 164,371 barrels. Av- erage for last week in March was 132,- 250 barrels daily. By the end of the 000 barrels. Refinery Enlarged. United States Off & Refining com- pany which took over the McWhorter plant in Osage, has completed its en- largement to 750 barrels capacity and is now running 600 barrels daily. Stor- age of 5,000 barrels capacity has been completed. Montana Operations. BILLINGS, Mont,, April 18—Using a cartridge five inches in diameter and 25 feet in length, the well of the Roundup Of] and Gas company in the Devil's bazin was shot this week and is now being cleaned out with drill and bailer, reports reaching here from Roundup indicate. The shot was ex- ploded simultaneously at both ends of the cartridge at a point 1,123 feet from the surface, where oll bearing sands were first opened. OB has been flowing over the top of the casing conrtantly for two years, but the quantity was so smell as not to place the well on a commercial ba- sis. Last year a shot was placed at the productive sands and the result men who witnessed the shooting are confident, it is said, of production, their estimates ranging from 25 to 60 barrels. New hole is being made this week in the Adams well near Roundup, being drilling company. , When work was resumed last week after the winter's shut down it was discovered that the hole was not exactly strafrht and considerable work was necessary be fore sinking could be continued. ‘The hole has now been put in perfect con- dition an athe drill is pounding below the 700-foot point. Early completion is assured and since the well is lo- cated in what is regarded territory proven by the Van Duzen No. 1 a commercial producer is expected. Rig building on section 9, nearty, is practically completed and witbin a few days the Jay See Drilling com- confidently TRAPSHOOTER REILLY PAYS BIG PROFITS ONT EXAS OPERATIONS (By GRACE BROWN, Special Correspondent. ). FORT WORTH, Teras, April 13— “By his deeds ye shall know him.” ‘Trapshooter Reilly is repeating his Kansas record in Texas. What rec- ora? His cash profit paying record. Th record he made for himself in El Do- radio. Trapshooter Reifly’s first Texas company— Trapshooter Trust— was organtzed in September, 1921. ‘With his keen business insight, he was able to make, at the end of six months, n 50 per cent disbursement to his stock- holders. ‘That was in March. At that time he also declared another pay Tent: of 50 per-cent due in - April Now that April has come, the dis- bursement has gone out not 50 per’ cent, but 100 per cent. Some people may call this tuck, but I say that it is the results of good managoment— nothing else could be responsible, as | there is not a drop of oil to the credit |o fthe Trapshooter Trust. Stock in the Trapshooter Trust, is not for sale. The books closed in January. ‘The Trapshooter Development com- pany, which is Mr. Reilly's second company, is drilling two wells. One ts in Kaufman county, on the 3,000.acre lease, and the other at Wortham on the company’s valuable lease of 32 Jacres. These wells are expected in | within-the next few weeks, | Crude Market first week in April had Sremeet to 117, the 1,141-foot point, but it was below| was unsatisfactory. Experienced oll/o & Gas sunk under contract by the Jay See} es %, PR op *) ee eee Big Indian’ Boston Wyoming a Creek |Tiack Tail | Blackstone Salt Gree | Chappell. Columbine ~~. cry Williams Frantz Gates Jupiter Kinney 2... Luck Royalty, Lance Creek Royalt; Preston Mike Henry Mountain & Guit Northwest . |Outwest ..- Red Bank ..2.. |Five Tribes Pet. Co. Pcaray . Riverton Royalty & Producers. Bunset A | Tom, Bell Royalty | Western Exploration |Wind River Refg. | United Paste | Wotan Wyo-Tex |Wastern ©} Western }¥ on. ¥ NEW YORK Cons |Mountain Producers .$ Merritt Glenrock Oil Salt Creek Prds. alt Creek Cons |Prod. anc Ref Hy 80 99.52 Big Muddy “40 Mule Creek |pany will be operating on a deep test which is to beput down for the |'Tri-City Ofl company. In the absence of Van Duzen officials is not known |definitetly when work will be begun on the new well to be sunk by that company, but it is understood the fi- arranged for, Ohio Oil company, also near Round- up, S%-inch casing has*been set at 1,930 feet and drilling has been re sumed with the expectation that the per Kootenai sand will be reached about 2,100 feet. This is the sand from which production is obtained in Cat Creek, but whether it carries oil in the Howard coulee structure re- mains to be seen. The second Koo- tenai sand will be drilled into before {operations are suspended and if no ‘oii iy found work will then be resumed on sto Ble Wall well, boing drilled by the Ohio under a royalty contract with the Victory Oil company. In the event of the Howard coulee well be- ing a producer the Victory will also benefit, since it has 200 acres adjoin- ing the location where drilling is now in progress, Wyokars Eecovers Tools. ‘Well No. 1 of the Wyokans Of] syn- @icate on section 22 of the Salt Creek field 1s ready to set casing near the| ‘second sand after r ing a depth of) ‘uver 2,000 feet. A stfing of tools lost/ in the hole last week when the cable parted was recovered this week. Drill- ing on Weil No. 2 of this tract will be started while cement is setting in the ‘deeper hole. Big Indian Completion Pending. Early completion of the Big Indian company's well No. 4 on ‘the northwest quarter of section 11- 3979 of the Salt Creek field is indicated by the report that a heavy flow of gas has been encountered at the top of the second Wall Creek sand. ‘The well is down 2,300 feet and is 400 feet east ‘of the big gusher brought in a few (pany. ‘Tirchlight Test Financed. Arrangements for the expenditure of $40,000 in further tests of its holdings in section 20-51-92 of the Torchlight done, 20 miles southeast of Greybull, & Gas company of Mandan, N. D. A ‘well was drilled last year by the com- pany which encountered water in a lower sand after developing small pro- duction from an upper strata. a Livestock Mart Omaha OMAHA, Neb., April: 18.—(United States Bureau of Markets.)— Hogs recetpts, 10,000; early sales 15 lower; generally 25c lower; bulk light butch- ers $10@10-10; top $10.15; bulk 215 to 326-pound butchers $9.75@10; pack- ing grades $8.75@9.50. Cattle receipts 8,000; beef steers steady to 15 lower; other classes of stock, mostly steady. Sheep receipts, 4.000; lamhs steady to strong; bulk lambs $14.25@14.50; top $14 sheep and feeders steady; ‘best 130-pound ewes $9. Chicago Prices. CHICAGO, April 18—<(United States Bureau of Markets.)—Cattle receipts, 12,000. market slow; few carly sales beef steers and butcher she stock weak to 25c lower; beef steers of qual- ity to sell, Inrgely at $7.50@8.40; bulls and veal calves about steady; stock- ers strong; few early sales veal calves mostly $7 bologna bulls, largely $4.25@4.40. Hogs receipts, 17,000; fairly active nancing of the enterprise has been| In the Howard coulee well of the| M |months ago by the Chappell Oil Pd basics have been made by the Torchlight Oil/ fhe Caspet Daily Cridune New York Stocks Pribersniy nag og Alled Chemical & Dy. | Allis Chalmbers . te pod |American Beet Sui oy jae erican oLcomotive ....... a American Smelting and Ret American Sugar Bees . he American Sumatra Ti American T and m1 American Tobacco . American Woolen Anaconda Copper Utentison Au. Gulf and’ West § Baldwin Locomotive . | Baiumore and Ohio . | Bethlehem Steel * 37 |Chandler Motors . Ta | Chesapeake anc O} Chicago, Mil, and St, Asphalt 1 Electric Motors Co. . 40% Great Northern, pia. 15% Illinois Central . 107% Inspiration Copper 40% Interna 95 81% 46% 19 47 Kennecott. Copper . 31% Louisville and Nashv 118 Mexican Petroleum . 129% \Dliami Copper . 29% Middle States Oil 21% 104% Northern Pacific 17% |Oklahoma. Prod. 2 Pacific Oi Si% an 63% 41% Sar Pure oll 33% eS Consolidatrd Copper 16% Reading ex Civ. 16% Rep. Iron and Steel 54% Koyal Dutch, N, X. 62% 74% nclair Con Oil 207% |Southern Pacific 90 Southern Railway . 24% Standard Oil of N. J. NT Studebaker Corporation 117 Texas Co. 46 Texas and 33% Tobacco Products 68% ‘Transcontinental Oil 11% Union Pacific ..... 138% United Retail Stores . 48% U. 8. Ind Alcohol .. 48% United States Rubber 64 United States Steel ...---. 97% Utah Copper ......----- 65% Westinghouse Electric - 6144 |Willys Overland .....-. American Zinc, Lead f |Butte and Superior . 27% Cala Petroleum ... 54% ontana Power - Shattuck Arizona .... |Great Northern Ore obser een ae FIVE TRIBES MAKING OL ‘The well being drilled by the Five! ‘Tribes Petroleum company in east Salt Creek is now making rapid progress |toward the Wall Creek sands on sec- tion 19-40-78. After having been de- layed for several days while cement was setting to cut off the water in the Shannon sand which was encountesed at a depth of 300 feet drilling was re- sumed yesterday and at noon today the jwell was reported at a depth of 550 feet. As the well progresses demand for the stock, a limited amount of which is being offered by Taylor and Clay, fiscal agents, is increasing. development program that has been | midday, on the strength shown by Un- feasy; high 34; Tus Fivefloan 3%; ‘Tribes well is the first entirely local| ances 3%. undertaken in several months. BEARS DEPRESS STOCK PRICES eS 3, | Extreme Losses of Six Points jority of List. NEW YORK, Aprx 18—Bearish! influences prevailed in today’s active and broad stock market. Aside from ralls, extreme losses of one to six points were made throughout the list. | Sales approximated 1.700,000 shares. ! Losses emong oils, steels and equipments were extended in selling of the final hour and rails forfeited part of their gains, The closing was Recorded Throughout Ma- | NEW YORK, April 18.—In striking contract to initial dealings of the past tie Guit last substantial fractions. Standard Oil of California, United States Rubber, St. Paul, Atchison, Ill- inois Central, New Haven and Cocoa Cola, featured the martet's stronger side. Reading’s one point reaction re- flected the lastest aspect of the coal strike. ' Call money opened at 3% per cent but selling on a large scale continued. throughout the morning. The turn: over for the first two hours was esti- [mated at 750,000 shares, this faliing consiierably under yesterday's rec- ord. ™he more substantia] reactions inciudel Canadian Pacific and Stané+| ‘ard Of] of New Jersey, which lost 2% | and 4 points respectively: | Foreign olls, especially Mexican Po- troleum and General Asphatl also were liquidated. Others transconti-| nentals eased with Canadian Pacific| jand coalers lost ground with Reading. | ‘Steels, equipments, mototrs and to-| baecos made 1 to 2 point recessions, | Wilson, Montgomery Ward and Poo- ple'’s Gas were among the few stocks) to run counter to the general reac-| tion. vols effected temporary rales ai! jou ruciric, Southern Pacific, Atchi- son and Atlantic Coast Line. Foreign Exchange Easy. NEW YORK, Apr 15.—Great Bri- tain demand $4.41%; cables $4.41%; sixty day bills on banks 4.38%, France demand $9.29%; cables 9.30. Italy $5.45; cables $5.45%. Belgium demand $8.59%4; Norway demand $18.80; mand 25.95; Denmark demand $21.25; Switzerland demand $19.46; Spain de- mand $15.55; Greece demand $4.55; Poland demand .02%; Czecho-Slovakia demand $2.03; Argentine demand $36.00; Brazil demand $13.70; Mon- Metals. NEW YORK, April 18.—Copper steady; eltctrolytic spot and aay Tin—Steady; spot and ~ nearby, 12%; later 12%al3c. { $31.12; futures $31.25. Iron—Steady and unchanged. Lead—Firm. Spot $5.00a$5.25. Zinc—Steady; Fast St Louis spot $5.00. Anttmony—Spot $5.00. { Silver. NEW YORK, April 18.—Foreign bar silver 66c; Mexican dollars 50%c. Money 7 NEW YORK, April 18—Catl money low 3%; ruling rate) 314; closing bid 3; offered at 314; last! call loans against accept- ‘Time loans steady; 60 days 90 days and six months 4%. Iw'me mercantile paper 44%4@%. }lights mostly weak to 10c lower than [yesterday's average; medium and |heavies about steady; top $10.60; bulk $9.80@10.50; pigs and packing sows slow steady. Sheep receipts 8,000; fat lambs strong to 25¢ higher; fat sheep scarce, about steady; top wooled lambs early $15.10; bulk $14.75@15.10; top shorn, $13.50; bulk $12.75@13.25. few good 115-pound wooled ewes $9. Denver Prices. DENVER, Colo., April 18—Cattle receipts 2,000; market steady; beef steers $6.50@7.90; cows and heifers $4.75@7.35; calves $6.00@1150. bulls $2.50@4.00; stockers and feeders 6.00@ 7.40. Hogs recetpts 2,300; market 10 to 150 lower; top $10.2 ik $9.75 @10.10. lambs $13.00@14. ewes $3.25@9.00. SWAN UNDERRE AMER Sheep receipts 4,300; market weak.: Brazii, 89... 2222 2 Canadian Northern, 7s —_ Cc. B. and Q, eae’. we Electric = 1 106% Western Union, cue z2>+ 107% 108 Force & Co. Loan Money On Oil, Mining, Indus- trial’ and Railway Stocks Bonds. and (Mail This Coupon to Us.) FORCE & COMPANY, Stocks and Bonds, 315 Tabor DENVER, Co! X own the flowing stock and would like to borrow $..... ++.-0m them for ......months. I seem to be at the outpost Late yesterday the bit of our rotary spun on a hard formation that may be the cap rock overlying the Woodbine sand. Just as I told you last week, the geology of our well No. 1 on 400 acres in the southeast extension of the Mexia field is check- ing up almost identically with the reports prepared by the men of science, regarding this area. The geologists whose science guiides us in selecting the drill- ing site for our well No. 1 calculated that we would touch the Woodbine sand at around 3,100 feet. I believe I am on the cap rock today, and if conclusively to my mind that we are “higher up” on the struc- ture than any other test drilling in the southeast extension, and that our derrick stands directly over the very core of a volcano of petroleum. The completion of well No. 1 a gusher should be but a mat- I am confident that we will “strike the pay” ter of days now. within the next few rods. On April 25th the price of our units will advance 50 per cent. prospects well No. 1 on 400 acres in the southeast extension d Units 15c instead of 10c—on and after April 25: Perhaps before that date the few remaining unsold units will be withdrawn from the market, time our well will boom into production, and I feel that’it is a con- servative prediction to say that it will come in with a flush production of not less than— 3000 I need not calculate for you what a 3,500-barrel gusher will mean to our brave little army ‘of stockholders in this enter- prise. A gusher on 400 acres in an unproven extension of a won- der oil field at Mexia should mean hundreds of thousands dollars for the unit holders in this syndicate. Our capitalization of $75,000 is so small when compared with the tremendous wealth yielding possibilities of a big well on 400 acres, that the units selling today at 10 cents should pay back many many dollars when the first melon is cut. As I told you before, Dr. Hoover and myself are pledged to an early completion of well No. 1—then a quick sale of the well and lease and a prompt disbursement of the profits. Those who lock hands with us now in this project will not only be assured of participat- ing in a tremendous winning when well No. 1 comes in a gusher, but in addition the units that are available today at 10 cents each will be worth at least half as much again—a 50 per cent profit—at midnight before April 25th. C. L. Anderson. Mexia Extension Syndicate $75,000 Capital Par Value 10c Units Fully Paid and Non-Assessable Dr. M. W. Hoover Charley Anderson Trustees Dan Waggoner Bidg. Fort Worth, Texas of Natu-e’s treasure house. I am it proves of getting gusher production in our id this advance. use I feel in my heart that ere that BBLS. The threshold of Natire’s treasure trove is before us now. Once I satisfy myself. that we are drilling in the cap rock above the prolific Woodbine sand, I will cease drilling with the rotary, set and cement cas- ing, construct storage and pre- pare to drill-in to fortune. Readers of the Casper Daily Tribune who have been con- templating joining us in this enterprise but who for one rea- son or other have delayed, should make up their minds now, because the days are. passing and opportunity -is fleet. _ Nothing can be gained by waiting now—the hour for ac- tion is at hand—those who wish to dance must reckon with the fiddler. Remember that any unsold- units will advance in price on April 25th. An immediate decision is im- portant now. Don’t trust the mails alone, else you may be too late. Wire reservations received up to the very hour well No. 1 comes in will be honored. May I hear from you? Yours very truly, Mexia Extension Syndicate, Dan Waggoner Bldg., Fort Worth, Texas, Gentlemen: Enclosed please find $__.__£1___ as full payment for. units 8, ite at Ten Cents de) par Varian £8