Casper Daily Tribune Newspaper, April 24, 1922, Page 8

PAGE EIGHT SINCLAIR DISCUSSES STANDING OF RILLING PROGRAM -- TEAPOT AND 0 Head of Company Given Great Contract Defends Government Action in Awarding Lease. In connection with reports concern- ing the arrangement between the gov- ernment and the Mammoth Oil com- pany, a Sinclair corporation, for de- velopment of the Teapot dome in Na- trona county, the following statement was issued from the Sinclair offices in New York city. “Mr. HL F. Sinclair's attention was called to the resolution introduced in the senate on Saturday last by Sen- ater Kendrick of Wyoming. The res- olution introduced by the Senator was based upon a telegram received by him from an oil association in Wyoming protesting against the leasing by the proper departments of the governments of the Naval Reserve No. 3 in Wyoming, known as the Tea. pot dome. In reply Mr. Sinclair said that the would welcome the fullest in- vestigation of his connection with the matter. “Mr. Sinclair’s attention was fur ther called to he fact that some of the newspapers, in reporting Senator Keodrick’s resolution, said that the Sinclair Consolidated Oil corporation is a subsidiary of the Standard Oil company, which he dismisseil with the statement that. “The Sinclair Con- solidated Oil corporation is the largest independent oli company im the world.’ ” AGREEMENTS DISCUSSED. Forther tnan this Mr. Sinclair de- clined to be quoted, but from one familiar with the situation the follow- ing outline was obtained: “Buch agreements as have been en- tered into between the government ané the Sinclair interests are based upen the Oil Land Leasing act, pass- ed somewhat more than a year ago. ‘The reason that action could no long er be deferred was brought out in the official statement made by the de partment of the interior on Friday last wheretn it was pointed out that the Wyoming lands, which are known as the United States Naval Reserve No. 3 are situated in what is known as the Teapot Dome, which ts adja- cent to and south of Salt Creek fields. “It had bean believed that geo- Jogical barrier had been interposed betwen these two deposits or what is known as a ‘saddle,’ in oll parlance This assumption was found to be false when a well was recently drilled in the ‘saddle’ to the north of the government reserve and produced oil from the same sands as in the Salt Creek field. From this it was seen that there would be constant drain- age away from the governmental na- val reservoirs so that unless prompt action were taken the field might be depleted by neighboring of! wells. ALL RIGHTS PROTECTED. “Under the operation of the ofl leasing act, which was originally sponsored and favored by former Sec- retary of the Interior Franklin K. Lane, who realized the need of 6e- curing to the government large future off resources, all rights are protected insofar as the government is concern- ea It provides for certain privileges adhering to the original occupants for protection of their interests and thus debarred the same method of public letting such as prevails in the Salt Creek field and other open govern- ment lands. “In view of afl existing conditions it became necessary to devise some practical system for developing the wells and of moving the product There will be necessitated somewhat more than 1,000 miles of pipelines, an operation that may run to $15,000,- 000 necded to tap other lines that cost $40,000,000. ‘The oil must be moved more than 2,000 miles, and there must be ion for vast storage facilities. In addition to that a part of the plan 4s to be the substitution, as near as possible, to the point of manufacture an@ delivery at seaboard of fuel ofl, in case these Jands do not produce oil suitable for that purpose. . “It must be borne in mind that in the consideration of this subject in- yolving an operation of such magni- tude there are but two companies in America capable of handling it. One is the collective Standard, Oil, which no longer exists as a single unit, and the other is the Sinclair Consolidated the biggest independent ofl company in America and wholly unaffiliated with the Standard, except through an operation agreement in a half owner- ship of the Sinclair pipeline and the Sinclair Crude Oil, Purchasing com- pany. “The clatm made tn the telegram to Senator Kendrick that 85 per cent of the oil producers of Wyoming were interested in the matter requires ex- Pinnation, for it is known that the Standard today controls 80 per cent of all oil production in Wyoming. This would leave only 20 per cent interest behind the telegram outside of Stand- ard. “Tp this same telegram the argu- ment was made that oil produced in Salt Creek and to be produced in Tea- pot dome was rot suitable for pro- duction of fuel oil in large percentage. This at once brings into play the pro- vision that is understood has been made that thero shall be a substitu- tion of crude oil if Teapot doesn't preduce this sort. “A further condition lying cee fey company is to construct pipelines im- mediately upon the production reach- ing 20,000 barrels a day. "here are several operators prac- ticelly similar to this that are now unfer contemplation, one being the Standard Oil agreements in the Unit- <a States naval reserve fields in Cal- ifornia. The whole system is prac- tically analogous to the conditions that prevail throughout the oil coun- try generally where many of the op- rations are done on a royalty bacis between the operators and the own- era, the owners receiving one-eighth of the oil of its value. “The Mammoth company is owned by Mr. Sinclair, who purchased uli | the claims on the reserve. In this way, through one ownership, cease less litigation will be estaped and the of] will be available as soon sa the| mechanical features have been com- pleted, ready for governmental use| for the governmental storage. “The entire operation is on so vast scale that a single lessor would be practically debarred unless he had unlimited resources, elther in pipe lines controlftd by himself or affili- ated with existing ones; in the con-| trol of tank cars; or tank ships and especially, in control of great storag> facilities as well as refineries for the production of fuel off in enormous quantities at or near the seaboard. “In conclusion it should be said that the use of the William Boyce ‘Thompson's name was wholly unau- thorized, as he is in no wise inter- ested In or associated with this proj- GRAINSDECLINE. AFTER INCREASE Quotations Show Wide Varia- tion Before Close of Trad- ing Today. CHICAGO, April 24.—SeNing on the part of houses with eastern connec- tions led to a material setback all around in wheat prices today. Ab-|s sence of export buying together with arrival of Canadian wheat at Minne- apolis had a ptonounced bearish influ- ence that more than counter-balanced price upturns with which May wheat opened the week. The close was un- settled % to 2c net lower, with May 1.45% to $1.45% and July $1.28% to $1.28%. CHICAGO, April 24.—With the be- ginning of May deliveries only a week off, the wheat market showed a ten- dency early today to rise in price for May but to decline for later |months. The difficulty of filling con-| Sal! tracts for May delivery was empha-| Bi sized by expectance of a reduction in the United States visible supply total. On the other hand deliveries in lower prices put stress on advices that Can- adian wheat was already being import- @d at a profit, duty paid. Opening prices which varied from unchanged figures to 1%c higher with May $1.48 to $1.49 and July $1.29% to $1.29%] were followed by moderate fluctuations In which May continued well above Saturday's finish with July and Sep- tember below that level. Subsequently, May as well as July and September underwent a decided drop in value, lack of any immediate aggressive demand being apparent. Seaboard demand gave a little firm- ness to corn. After opening un- changed to % to %c higher, July 63% | to 660, the corn market held at about the initial range. Later, the weakness of wheat count-| ed as a bearish factor. Corn closed easy % to % to %c net lower, with July 65% to 65%@%e Oats sympathized with corn, starting a shade off to %c higher, July 41% to 41%c and later hardening a little more. Lower quotations on hogs tended to! weaken tho provision market. Closing Open High Loow Clone Wheat—, May $1.48 $1.49 © $1.44% $1.45% July 1.29% 1.29% 1.27% 1.28% Sept. 1.20 1.20% 1.18% 1.19% Corn— May 61% 62 61% 61% July 65% 66 65% 65% Oats— May 38% 38% 37% 37% July ALS 41.% 40% 410% Pork— 21.25 May 10.95 10.95 10.92 10.92 Jaly 11,15 11.22 11.15 11,15 Ribs— May 12.70 July -1082 1092 10682 190 BUTTER AND EGGS CHICAGO, April 24.—Butter un- changed; creamery extras, 38c; firsts, 34% @%H%c; seconds, 32% @33%c: standards, 37%c. Eggs higher, re- ceipts, 41,611 cases; fixsts, 24@24\%c; ordinary firsts, 22@22%4; miscellane- ous, 23@23%; storage packed extras, 27c; storage packed firsts, 26c. Livestock Mart Chicago Prices. CHICAGO, April 24.—({United States Bureau of Markets.)—Cattle receipts 24,000; beef steers opening 15 to 25c lower, top early $8.90; bulk and qual- ity to sell at $7.35@8.35; she stock weak to 15c lower; bulls steady to weak; calves, stockers and feeders steady; veal calves to packers mostly around $7.00; best to packers $7.50. lightier weights $6.50; shippers paid $8.50@9.00. Hogs receipts 45,000; active, lights mostly 10c lower; others 10 to 20c low- er than Saturday’s average; top $10.65. bulk $9.90@10.65; packing sows weak to lic lower; pigs steady $9.25@10.00. Sheep receipts 17,000; killing classes 25c higher; spots up more. medium to good strong weight wooled lambs $15.50; best not sold; good to choice 96 pound shorn lambs $14.00; shorn yearlings and twos $12.25; few wooled ewes $9.00 down. sohrn $8.75 down; few native spring lambs to city butch- ers $17.00. Omaha Quotations. OMAHA, Neb., April 24.—(United States Bureau of Markets.)}—Hogs— Receipts, 2,500; 15@25c lower; bulk,/ 180 to 250-pound butchers, $9.95@ 10.05; top, $10.10; bulk, 260 to 315-! pound butchers, $9.75@9.90; packing grades mostly, $9@ Cattle—Receipts beef steers, Columbine .. : Consolidated “Royaliy, Cap'tol Pete .... Cow Gulch - Jupiter . Kin Bunset ......... . Tom Bell Royalty ‘ Westerrt Exploration. Wind River Refg. United Pte Wyo-Kans Wyo-Tex os Western Oil Fields .. Mountain Producers..$ 13.87 Merritt .... 11.00 Glenrock Oil - 1123 Salt Creek Pras, - 14.62 Salt Creek Cons. . 13.38 0; - 1.00 - 750 S. O. Indiana ov 0O. 29 Cities Service Com .. 223.00 225.00 LIBERTY | | | | 4 $1.90 1.90 1.40 | 1.50 | 1.40) 1.40) 1.35 | MARKET GOSSIP New York Oil stock, recently listed on the New York curb, continued its upward movement Saturday when it advanced to sales at $19, an increase| of $6 a share over quotations a week| ago. ‘The low point for the day was $18.62, a net increase of $1 a share. “Oil conditions favor Wyoming companies at present,” says the cur- rent issue of the Wall Street Jour- nal, which adds: “The projected pipeline by Sinclair Pipeline company from Wyoming to a point in Kansas, connecting with the transcontinental system of pipelines, will furnish the necessary outlet for Wyoming production, which has been eld back because of isolation of the felds. “That it has become necessary to bring Wyoming oil to eastern markets is apparent from the fact that flush production of Texas and Louisiana fields is declining. The Mexia field in northeast Texas is producing 100,000 barrels of oil a day, a drop of 65,000 barrels from a few weeks ago. Pro- duction in the Cerro Azul-Toteco area in Mexico is running 100,000 barrels a day less than a few weeks ago. These two areas thus show a falling off if 165,000 barrels a day. “In consequence of that drop, the arrangement, whereby Sinclair inter- ests are to build a pipeline from Wyo- ming in connection with development of the naval reserve No. 3 known as ‘Teapot dome, in Wyoming, is regarded by oll men as most opportune.” Absorption Unit Near Completion. ‘With the second unit of the huge gas absorption plant which is being built at Salt Creek by the Midwest company, nearing completion it ts but a matter cf anys now until the plant with a daily capacity of 20,000,000 cuble feet of gas wil be one of the largest plants in the country. The daily capacity of the plant will be approximately the same as the daily consumption of fuel gas in Casper both for commercial and domestic purposes. Work has already been started on the welded pipeline which will carry the high grade product of the plant to Casper. The new line will be of four inch sizé and after the welding pro- cess is completed it will be one of the longest large one-piece pipelines in the country 15@25c lower; stock, 10@15c lower; bulls and veals, mostly steady; stock- ers and feeders, steady to easier. Sheep—Receipts 15,000; lambs, gen- erally steady; spots, 110@25¢ higher; on clipped California spring lambs, $16.50. Early top wool lambs, $12.75; clipped lambs, 13.65; sheep weak; best wooled ewes here, $8.75; feeders steady; shearing lambs, $13.75@14.75. Denver Prices. DENVER, Colo., April 24.—Cattle re- ceipts 2,700; market steady on cows, light on steers; 15 to 25c lower on heavy steers; beef steers $6.50@7.60; cows and helfers $4.75@6.25; caives $8.5011.50. bulls $2.50@4.25; stock- ers and feeders $6.00@7.50. Hogs receipts 1,900; market 25¢ low- er; top $10.25; bulk $9.75@3.90. Sheep receipts 6,000; market steady 25c lower; lambs $14.00@14.75. ewes. | American }Great Northern pfa. ¢ | Invincible ; Middle States Oil | Northern | Oklahoma “|People’s Gas Pure OU | Rep. |Royal Dutch, N. Sears Roebuck . Sinclair Con. Oit Southern Pacific + 1.90 | Standard Oil of N. J. Studebaker Corporation - Tennessee | Tobeeco Products Transcontinental Oil Union Pacific U. United States Rub! United States Steel Utah Copper Willys Overland ... American Zinc, Lead Calt Petroleum . Montana Power Che Casper Daily Cribune New York Stocks Associated Press Leased Wire LAST SALES Allied Chemical Dye ... Allis Chalmers ex div. ..... American Beet Sugar . American American American American American American American Car & Foundry . Hide & Leather pf International Corp American American American Anaconda Atchison Save e > Atl., Gulf and West Indies . Baldwin Locomotive . Baltimore and Ohio Bethlehem Stocl “B” Canadian Pacific 240% 2 54 101% 33 117% 48 78% Central Leather 38 Chandler Motors 76% © and Ohio S5% Chicago, Mil, 28% 46% Colorado Fuel and Iron Corn Products Crucible Steel Erie woes be Famous Players Lasky General Asphalt General Electric General oMtors Goodrich Co. ... 31% 103% 13% S145 164% 1 a FF 107% 41% Tilinots Central Inspiration Copper International Harvester Int. Mer. Marine pfd. . Internatione! Paper on Mees Kelly-Springfield Tire . Kennecott Copper .... Louisville and Nashville 48 18% Copper Midvale Steel Missouri Pacific York Central .... + N. H. and Hartford jortolk and Western . 24% 1 Pacific Oil Pan America: Pennsylvania Ray Consolidi Reading Iron “and Steet uthern Railway Copper . United Retail Stores. S. nd. Alcohol Westinghouse Electric ‘ana Sm. Butte and Superior .. Shattuck Arizona . Great Northern Ore MINE SYNDIGATE LOCATES HERE Headquarters of Company Which Will.Operate Miners’ Delight Holdings Opens Offices. ‘The Miner's Delight Gold Mines syn: dicate recently organized to revive the gold mining industry in Wyoming by the development of the farnous Min- er’s Delight Mine in Fremont county, 25 miles southeast of Lander today opened executive offices on the ground floor of the Tribune building, occupy- ing a part of the Van Gordon Invest- ment company’s space. the syndicate and one of the trus- tees in charge of the syndicate’s ac tivities, is in charge of the officers. The significant announcement Sat- to a solution of the complex ore prob- stmilar revival will also occur in Wyoming since this discovery is of as much importance to the mining properties surrounding Miner's De- light as it is to the mining men of Colorado. ing the winter at his home in southern California is expected to return to ‘Wyoming about the first of June. Mr. Young was state inspector of mines in Wyoming for a number of years and has a thorough knowledge of the value of the Miner's Delight properties. Reports from Lander indicate that there is tremendous activity among mining men in the region, greater in fact than has been seen in 15 years, and that owners of placer claims in the vicinity of Miner’s Delight are al- ready on the ground in spite of the heavy snows, waiting for the first opening of spring to prosecute placer work in the gulches and stream beds. An engineering party for the Min- er’s Delight will visit the property as soon as the roads are open. Force & Co. Loan Money On Oil, Mining, Indus- trial and Railway Stocks and Bonds. (Mail This Coupon to Us.) FORCE & COMPANY, $8.00@9.00. Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. Stocks and Bonds, 315 Tabor Building, DENVER, COLO. I own the following stocks: shares and would like to borrow § «---on them for . Name ... seer nnee Street and No. ... City and State ~SIAREGULAR “$4 |Favorites Are Given Setback}, While Secondary Issues Record Gains. —_—— NEW YORK, April £4.—Recent fa- 123% |Yorites of the industrial, railway and reactionary Special groups were in today’s 's less active stock market but many low priced and obscured shares strengthened. Sales approximated 1, 200,000 shares. Junior rails under lead of New Hav- en and rubber, tobacco and Chain STOCK TRADING \TEAPOT CONTRACT NEGOTIATED BY GOVERNMENT IN FEBRUARY qent immediate competition in the general oil leasin: Salt Creek field, and will add from 40 ha Fee eehons| to 60 cents per barrel to the present hich prices of government royalty oils, now 2 Fresy A pdearlcnace the navy for|smounting to more than 6,000 barrels fuel proper | per day. This is secured by an option age. with Setigge ‘he naval re-| given ‘the government to sell royalty in Wyoming, known as the Tea-|0l) on basis of Mid-Continent prices 2 if and when desired. This production | (Continued from Page ne) cipal problem there was the exchange state is unfit for use by the navy for same was not available for) that the field lies in the} not connected by pipe- with any point om the east noast 143% [Stores issues showed extreme gains of 1 to 3% points in the final hour. The! closing was irregular. NEW YORK, April 24.—In the stock 2sq|™arket the week opened with further accumulation of buying orders and new high records for the movement 54% |by such issues at Genera! Electric,|contiguous to the Teapot dome, and Pullman, Norfolk and, Western and New Haven. General Electric led at a two point advance and United Fruit and Barnsdall “A” gained 1% each. United States Steel common and pre- ferred forfeited small fractions and moderate reactions were made by! Baldwin, Studebaker, Sinclair and 1% points. New York, Chicago and St. Louis featured the stronger rails 32% |8t @ ono point advance. Steadiness/plete concurrence of the secretary of | was shown by foreign exchanges, reversed hour on heavy selling of motors, oils, one to Doints in General Asphalt, ferred and Republic Iron preferred, were offset by losses of 1 to 2% points in Bethlethem, United States Steel, Colorado Fuel, California and Mexican Petroleums, Sinclair, Mack Trucks, Lima Locomotive, Studebaker, Good- 4 |Tich, Central Leather and American Telephone. Among rails, Atchison, Ill- nois Central and Atlantic Coast Line! reacted 1 point each, the lst wover- ing almost as a whole before noon. Cail money opened at 3% per cent. The afternoon dealings were featur- ed by a series of confused fluctuations, speculative favorites like the steels, motors, ofl and equipments felt the weights of extensive profit taking. Meanwhile a wide assortment of low priced rails and minor specialties were pushed up strongly. indicating the con- stant shifting of professionals from one group to another. New Haven, Ontario and Western, Wisconsin Cen-' tral, Federal Mining and Smelting preferred, Wilson, Marine preferred, '% | Allis Chalmers, National Enameling. Pierce-Arrow preferred, American Rad- iator, Weber and Heilbroner and Bush Terminal preferred advanced 1 to 3 pointe. Foreign Exchar:ze Firm NEW YORK, April 24.—Great Brit- ain demend 4.42%; vables 4.43%; 60-day bills on banks 4.40%; France demand %; Italy demand 5. les 5.45%4; cables 6.45%; demand 8.60%; cables 8.6: demand 42%; cables 42%. Holland de- mand 37.95; cables 37.98. Norway de- mand 18.85; Sweden demand 26.03; Denmark demand 21.26; Switzerland @vmand 19.47; Spain demand 15.55; Greece demand 4.52; Poland demand 02%; CzechoSlovakia demand 1.97; Argentine demand 36; Brazil demand 11.80; Montreal 98%. Metals. NEW YORK, April 24.—Copper elec- trolytic, spot and futures 12% @13. Tin easy; spot and nearby 31.12; futures 31.25. Iron steady; No. 1 northern 23@25; No. 2 northern 22.@24; No. 2 southern 16.560@17. Lead quiet, spot 5.10@5.45. Antimony spot, 5.12. Joan 4; call loans against mercantile paper, 4% @4%. oe LONDON SILVER LONDON, April 34%4 per ounce. Money, 1% per cent: Noah Young of Glenrock, founder! discount rates, short and three months | of the syndicate, who has been spend- bills, 2%@2 9-16 per cent. Van Hotel 218 West B St. Is now open. Room and board or rooms. Under New Management CORONA Weight 6 Pounds $50 $50 ROYAL STANDARD TYPEWRITERS A ate REBUILT MACHINES Payments if Desired CASPER TYPEWRITER EXCHANGE George J. Heiser, Prop. 112 East Second Phone 856 Over White's Grocers sterling holding at last week's Lest steels and investment rails. Gains of Midvale, Sloss Sheffield Crucible pre-: Zine quiet; East St. Louis delivery, Frederick B, Andrews, secretary of "Pt 5@5-0. Money. NEW YORK, April 24.—Call money urday of a great revival in the precious|fitmer; high 4; lower 3%4; ruling rate metal mining industry in Colorado due|*%4; Closing bid 314; offered at Sar lem which has been the bugaboo of|3; time loans steady; 60 days 4%; 90 mining men for years, means that a/days 4%; six months 4%@4%; prime 24.—Bar fiver, @rained from wells on nearby | lands, and in addition the government | with a number of asserted claims within the reserve under the mining law. Moreover, the famou Salt Creek off field, lying immediately eral leasing act, was without adequate pipeline and refinery facilities, and in- dependent producers have been unable to dispose of more than 40 per cent of the possible production of existing wells. Furthermore, competition was absent from the field through lack not | Which has tven leased under the gen | 97% /California Petroleum. Royal Dutch|only of pipeline and refining facilities 84% | was heaviest of the foreign oils, losing|but of competing companies. There- y Sore after careful consideration, the secretary of the interior, with the com- the navy, invited and considered pro- posals from a number of prominent oil companies and Individuals for the its course|development of the Wyoming naval | sharply before the end of the first! reserve, with the accompanying guar- antee of the construction of adequate pipeline facilities from the field to | Aulantic and Gulf of Mexico points through connection with existing pipe- lines. It was also desired that pro- vision be made for the exchange of the crude oil produced for fuel oil for nav- al purposes, in such manner and at such points as might be designated by the navy. After full consideration of all the offers submitted, a contract was approved by the secretary of the interior and the secretary of the navy with the Mammoth Oil company, a Delaware corporation, H. F. Sinclair. President. The contract is in the form of a lease, with graduated royal- ties up to 50 per cent for the entire area of naval reserve No. 3 in Wyo- ming. “The contract provides for the drill- jing of at least 20 wells within a limit ed time, for the construction of a pipe line from the field to existing pipeliner in Missouri, for the exchange of crud: for fuel oils, the latter for naval pur poses, for the delivery of navy spec fied bunker A oil at any point namc in the contract from Guantanamo } Cuba, to the latter northeast corner ot the United States. It provides for al or for exchange for fuel oil | #t Present MONDAY, APRIL 24, 1927 capacity of existing wells, which immediately be raised to 100 per yielding the government for ree; tion, state and t: value there from 40 to 69 cents per burrel. or, other words, an adda price over », above that which the government independent producers are now ing of more than $6,000 per day. 7 fore the contract was approved ; Mammoth Ol! company Presented the secretary of the interior deeds the United States for all outstancid claims of every character in the Ww; ming naval reserve. ———>___ The government bureau of enn ing and printing has shut down, » not because it wasn't makin mo is but 40 per cent of the A Paying Investment Refinish your automobile with Acme Quality Mo- P tor Car Finish. It will not only improve the appear- ance but will save the surface and protect the car from the destructive effects of hard usage in all kinds of weather, lengthen its life and add many dollars to its value. 0. iF is 4 4°ME QUALITY MOTOR CAR FINISHES Are offered in popular colors as used by the leading manufacturers. They are easy to apply and by fol- lowing the sim; instructions a beautiful and lasting finish may be with little expense. Call at our store and let us show you the beautiful results you can obtain with Acme Quality Motor Car WYOMING ANT 3 “wE STRIVE TO PLEAsE (0 |tine of credit under which exchange! for the crude ofl ample storage. for all| the product is to be provided without cash outlay by the government at any point fixed by the navy department along the coast described. It provides | |that the lesses shall at such or any! other points, at his’ own expense, and ; without obligation on the part of the navy, provide gasoline, kerosene, lub- ricating and cylinder oi at market prices. t “It provides prior right of transpor- tation for all government oils from not only the Teapot dome but from the Salt Creek field, even prior to the uses of the pipeline by the lessee. It makes the pipeline when built a common car- rier for all government oils. The pipe- lines already constructed, with which the new pipeline will connect, involve @ present investment of $115,000,000, ad the present contract calls for an in- vestment on the part of the lessee of not less than $26,000,000 in addition. Furthermore, the contract will bring Building Materials Weare equipped with the stock to supply, your wants in high grade lumber and build- ers’ supplies. Rig timbers a specialty. KEITH LUMBER CO. Phone 3 q 1 *) r if BEATS.... JUST RUN YOUR OoOOVER © @ @ A Simple Test Win Convince You Next cleaning day, after your rugs have been vigor- ously swept, phone us to send out a representative with a Hoover—no obligation, of course. j You will be appalled at the dirt the cleaner will remove from the rugs that seemed to be so clean. This is no reflection upon you, bilities of the broom compared with the Hoover. Special Sale on Now ASK ABOUT OUR SPECIAL TERMS DURING THIS CAMPAIGN NatronaPowerCo. AS IT SWEEPS AS IT CLEANS but simply shows the limited possi- Phone 69