Casper Daily Tribune Newspaper, May 2, 1922, Page 6

~ MARKET GOSSIP AND FIELD NEWSI[ 2 ~NEW WELLS IN THE OSABE FIELD ‘ 2 ‘ 2 ’ ' Completion of four shallow wells in the Osage field and the deepening and shooting of several others for larger pro-| Comolidazed Royalty. duction is reported from Newcastle, Wyo. ducers include one by Baxley & Short on the northeast quar-| Gon Gacy ter of section 36-46-63, one by Harry Briggs on the southeast | Domino quarter of section 3 section 3146-63, now delivering after being shot, and one by Geo. F. Sparks on section 32-47-63. The Fred Quinn well on eection 294663 is again giving up average production after being shot at 1, was Grilled a year ago Of syndicate. 30 the Glem On WHEAT PRIGES SCORE ADVANGE May in Demand and July Sold Heavily During Closing Hour Today. com: CHICAGO, May 2.—Wheat tended ‘upward in price teday during the early trading, ro pressure to sell be ing apparent. waid to be active, and there was talk current th th French crop prom. ised to be short in qt On the other hand, érec Hberal, 200 cars, and ther further deliveries this contracts. The openng, from % decline to 4% May 1.411% and J ‘was followea wy “ipturns to well above yesterday's finish all around, Subsequently, price changes were somewhat trregular. There was per- sistent buying of May and selling of July on the part of a cash house here, Otherwise, trafe was light. ‘The cloro was unsettled, at the same as yesterday's finish to 2% higher, with May 1.43% to 143% and July 1.28% to 1.28%. Corn and oats were firmer with swheat. After opening %c off to %c ‘up, July 45%e¢ to 65%c, the corn mar- ket scored slight general gains. In the later dealings, something of downturn in prices took piace, do- mestic shipping demand for corn b> ing lght, and export bids being out were some rng on May which varied advance, with of line. The finish was unsetfied, %e net lower to a shade advance, with July 665%c Oats sta: unchanged to 4c higher. Juty, 40c i 40%c, and later “hardenod « little w.cr Gontinued der.and for ribs rallied the provision murget from early de- lines due to a setback in hog values, xf Qlsing Quotations. ‘Wheat— High Low Close May LAM 143% 141% 1.43% Saty —_ 1.28% 1.28% 1.27% 1.23% Sep ——i 119% 1.20% 1.19% 1.19% Corm— May ——. 1% 62% 81K OL duly 65% 66 65% 65% Oats— “May 360% .37% 36% .37% July —_._ 40 40% 40 A0¥ Fork— May — -——~ -——- -—— Lard— : May 10.35 10.95 10.85 10.95 July -.12.10 11.20 11.10 11,20 Ribs— May —-—1197 11.97 11.95 11,95 July -—---11.30 11.30 11.10 11.30 Butter and Exes, CHICAGO, May 2—Butter lower; creamery extras, 35 firsts, 31@34e; Eggs higher; receipts, firsts, 23% @24c. ordinary firsts, 21%@23c; storage storage packed firsts, 25@25% EXTENSION OF am LIGHTING PETITIONED Casper’s ornamental lighting system ‘will be extended on Center street to the courthouse if the city* council an- thorizes the purchase of the lighting standards in conformity with a peti- tion filed by the property owners on Center street. The matter was refer red to the street committee for au thorization if the property owners wilt pay the origt st Export demand was/ The new pro-! 47-63, another by Thomas Domm on | > oil pany’s well No. 3, located on holdings EA of the Julius Wiliams Of Refining company, is giving up gvod production after being shot and cleaned out. The Dakoning company tried an ex- periment in shooting a shallow well ca section 31 and the hols is now being| cleaned with the result of the opera- tion still in doubt. Lathrop & Son are deepening @ pro- ducer on section 3147-63 and the weil is showing for larger production. The Carter company has succeeded ts sidetracking lost tools in its test on is i enting at about 3,200 feet for the Lakota sand. Water was found in the Dakota. On section 5-46-63 the discovery well | of the Mike Henry Oil company, com- pleted three years ago, is said to be making 12 barrels a day and this spring is to witness more extensive op- erations in this section of the field, |muech of which has been negiecte |ego. Many wells are now drilling. ing a rig t¢ holdings in townshi; | 45-63. ‘The Glenn Of company has under- taken development work this season for the Julius Williams Of & Refining leompany on section 30-46-63 and will rif a number of wells. A now deep well is being started |by The Faegan interests of Alliance, |Neb., on section 25-46-64. | ‘The Kinney and Young well, an im- portant test south of Newcastle, is: down 700 feet and drilling in tho Ren- tonite formation. Deepentng of its well on section | 46-64 to the Dakota sand ff neces- ary to secure larger production has| een authorized by the Western- Niob- rara company. P Deep Test Nebr Sand. Midwest Refining company is re- ported to be cown about 4,352 feet and nearing the Takota sand with it deep well which su~eral weeks ago struck off in the Dako > formation of) the Big Muddy off field. completion ¢ ot the test will determine the nrodectiy- ity of the Big Muddy for af time to come. The well is making 100 barreis a day from the Dakota sand but it fs doubtful whether enough production will be developed to justify conmmmer- cial development. ‘The new pipeline to be laid by the Wyoming Pipeline company from Salt Creek to Casper will probably be an eight-inch carrier. Tankage ematertal already 1s being transported to Salt handle prodction of the E. T. Wiliams company, it is belteved, but will be-a commen carrier. Bille Creek Test ré2,150 Feet. The Billie Creek field test, one of the most important wfldcat operetions in progress in the state has reached a depth of 2,150 feet according to an- jnouncements made here today. test {s being made jointly by the West- ern Exploration company, Consoli- dated Royalty company and the Car- ter Ofl company. ‘The huge structure, said to de about half the size of Salt Creck has never been tested. It is believed that the Wall Creck sands will be found in plage at an approximately depth of 8,000 feet. ‘The concerns tnterested In the development work are prepared to gorto any necessary depth in order to thoroughly test the structure. eR EE a || Livestock Mart Chicago Prices. CHICAGO, May 2.—(United States Bureau of Markets.}—Cattle, 11,000; active; generally steady to strong on all classes; top matured steers and yearlings, 9; mulk beef steers, $7.75@ 8.65; veal calves, slow undertone, weak, packers bidding mostly $7@ 750; few best handyweights to out- siders, $8.50 and better, Hogs-—Recetpts, 26,000; opened) mostly 10c lower; later mostly 15c to 20c lower than Monday’s average; The dual-valve engine and worm- gear drive have done more to estab- lish confidence in the performance - of trucks than any other features which the industr: Pierce-Arrow TRUCKS THE KUMPF MOTOR CAR CO. 454 East Yellowstone Ave., Casper, Wyo. Denver ee. $3200 33-ton 750) SSS 'y has developed. Colorado Springs 5-ton $4850 fully equipped *|Picaray .. e Mead arnch in Beaver Valley and | 730 since the deep sand strike two years/ ‘The Bachelor Of] company is mov-}Salt Creck Cons. -. {Marine j}Mutual . Creek. The pipeline prtmarily will) Tie} Oil Securities by Taylor and Clay Big Indian . Boston Wyoming Buck Creek Burke Biach Tail Blackstone Salt’ Greek Caeppen umbin + | coon Pete . ‘compass horn . Williams Gates Jupiter | Kinney |Luck Royalty .. Lance Creek Royalty Preston Mike Henry - | Mountain 4 Guilt Northwest Outwest Red Bank . Five Tribes Pet. Co. Riverton Ret. - Royalty & Porducers - Sunset Tom Beil Royalty Western Exploration. Wind River Refg. | United Pte WyoKans . vyoTox | Western Oil Fields” Western States yY On .. NEW YORK cons CLOSING fountain Producers .§ 15.62° $ 15.87 rritt mrock Oi. Salt Creek Prds. Prod. and Refrs. . S. O, Indiana . Cities Service Com. LIBERTY BONDS Sis i. {First 4s Second 4s [First 4%s Second 4% . Third 4Ks Fourth 44s Victay 4%8 Crude Market a+ te nnn=- -$1.90 aa reccseecenss 1H tical top, 10.50; bulk, $10Gi045; piss steray to shade lower; bull, 9.75@ 10,40; packing sows, 10c lower. Sheep — Receipts, lambs irregular; some 50c lower; top Californias, $16.75; other classes mostly steady; top shorn lambs, $14.80; top wooled lambs, $16.50; light shorn ‘Texas wethers, $10@10.10: 90-pound yearlings and twos, ; shorn 118-pound California shorn ewes, $8.75. Omaha Quotations. OMAHA, Neb., May 2—(United States Bureau of Markets.)—Hogs— | Receipts, 9,000; mostly 5c to lower; bulk, 180 to 250-pound butch- ers $9.85@9.95; top, $10.05; bulk, 260 to 325-pound butchers $9.70@9.85; packing grades, lie to 25¢ lower; mostly 8.50@%.25, Cattle—Reczipts, 8,500; beef steers steady to 10c higher; heavy grades, mostly steady. top yearlings, $8.50; |she stock and bulls strong; veals, jabout 25¢ higher; stockers and foed- ers steady. eep—Receipts, 4,000; Iambs steady to 25¢ higher; top California spring lambs, $16.50; bulk, clipped lambs, $14@14.50; sheep and yearlings stead: clipped yearlings, 12; clipped wethers, $10.50; clipped ewes, $8.50, Denver Prices. DENVER, Colo., May 2.—Cattle—- Receipts, 2,000; market steady; beef steers, 6.50@8; cows and heifers $5.55 @6.50; calves, 5@5.50; hulls, $2@4.50; stockers and feeders, $6@7.50. Hogs—Recetpts, 2,600; market 15c to 25¢ lower; top, 10,10; bulk, $9.50@ 9.80. Sheep—Recetpts, 4,600; market 10c to 5c higher; lambs, $14@15; 7.50@9. | | Gas Appliance Co. |!) Phone 1500 2) Miami Copper |Reading . |Rep. Iron and Steel . 12,000; springy, 10¢, — owes, | relic Eat what you like. 15¢ INSTALL YOUR Water Heater NOW Phone Us Today New York Stocks Associated Press Leased Wire Se + 161is Bethlehem Steel “B” ... anadian Pacific Central Leather Chandler Motors Chesapeake and Ohio Chicago, a, and St. Panl Corn Products Crucible Steel STOCK TRADING Domestic Oils 3 Haare During NEW YORK, May 2—(wall st, 10:30 a. m—Dutch Of sharey were d Ni | f [3 IRREGULAR Last Hour on New York Exchange. 5 Eis [cables announcing that they were to 63% |Feceive concessions in Russ.a‘s oil fields. Shell 5 md points and Royal Dutch gained one Point, the domestic group also display- ing firmness. 413, |Tived further strength from anothor 95%, Advance gf pig tron prices, Lacka- wanna and Crucible being in especial, 53% |demand. Studebaker added one point yesterday's spirited rally and ship- jPings rose on buying of Mercantile Marine preferred and Atlantic Gulf.| Initial quotations for rails, ments, fractionally higher. ‘Trading slackenea and prices devel- oped irregwarity <fter the early buy- %|iag movement nad Reactions of 1 to 1% points in Barns- eS 3% | Standard Oil of New Jersey, together | with similar reversals in Republic and Gulf Staies Steels balanced gains elsewhere. Leading equipments were Miner’s Delight Gold Mines Syndicate ‘DER A DECLARATION OF TRUST) AUTHORIZED CAPITAL, ONE MILLION UNIT-SHARES Electric General Motors Goodrich Co. .. Great Northern pfad . Minois Central Inspiration Copper ional Harvester . Marine pfd. . international Paper Invincible Oil .. Kelly Springfield Tire . Kennecott Copper Louisville and Nashvilie’~ Mexican Petroleum . + 164 + 107% 36% 51%} 3414 Middle States Ol! .... tildvale Steel Missouri Pacific jew York Central . ¥.. N. H. and Ha Norfolk and Western Northern Pacific Oxlahema Prod. Pacific Oil Pan American Petroleum . 62.4 Royal Dutch, N. Y. Sears Roebuck inclair Con Oil Southern Pacific Lt United States Rubber |United States Steel {Utah Copider inghouse Electric Willys Overland . American Zine, Lead and Sm. . Butte and Superior ja. Petroleum .. tontana Power battuck Arizona. treat Northern Ore | ‘The wedding gift of Princess Mary |from the Girl Guides of Ceylon, was a package of the rarest blend of Cey- lon tea, valued at more than $150 aj pound. STOMACH UPSET? Get at the Real Cause —Take Dr. Edwards’ Olive Tablets That’s what thousands of poy sufferers are doing now. Instead of taking tonics, or trying to patch up a poor digestion, they are athackin, the | real cause ‘of th the ailment—clogged liver | and disordered bowels. Dr, Edwards’ Olive Tablets arouse the liver in a soo! healing When the liver and are per- forming their natural functions, away goes indigestion and stomach troubles. Have you a bad taste, coated Poor appetite, a lazy, don’t-care no ambition or cnerey, trouble wit Bare aebieter undigested foods? the substitute for calomel Dr. postin Olive Tablets are - | purely vegetable compound mix } olive oil. You will know them by their ; olive color. They do the work without siping, cramps or pain. Bi cnece te at ret eno { Casper | to History cording to all available reports, made by the United States Transport rose 1% |™2 38. Independent steels de- equip- coppers and specialties were run its course, SWAN UNDERREAMER Pierce-Arrow preferred and (OPERATING | demand 33%; ie 34, Holland de- cab es Norway de- ‘avs 4%; six months 44 @4%. Prime \uervantile paper 44 @4%. Metals. “NEW YORK, May 2.—Copper firm: electroiytic, spot and futures, 13; Tin firmer; spot and nearby 31.25; futures, 31.37; iron steady; prices un- changed; lead firm; spot 525@5.50;) zine quiet: East St. Louis delivery, spot 5@5.15. Antimony, spot 6.25. human beings to live in.” Turkey ons 26 official holidays tp special meeting to be held at nadian f2 Ca: wises New York-~Halifax~ Quebec S. S. “FORT )RT HAMILTON” Will make 4 unusually attractive cruises Sailing from July 8-22 and Aug. 5-19 New York Stopping one day at Halifax—Two days at Quebec. Sailing through the Gut of Canso and Northumberland Straits, the broad St. Lawrence, up the Saguenay River and thence on to Quebec. Magnificent scenery, smooth water, cool weather. The ship has spacious Promenade decks and ali deck games, many rooms with bath, finest cul- sine, etc. Orchestra for dancing. ‘The round trip 12 days, rate $150 and up or one way to 5 days, $80 and up No Passports required for these cruises. For illustrated ilterature address FURNESS BERMUDA LINE 34 Whitehall Street, New York, or any Tourist Agent. CHANGES PRESENTED Holdiug that he buflding ordinance place here, the special committee earied by A. M. Garbutt, and madp of many local contarcters snd build- ‘Mr. Garbutt stated that the new or- dinance was entirely appticable to Cas- per and that “no one can object to this ordinance except persons who want to build’ buildings which are not fit for After voting Mr. Garbute ané his as- sistants their thanks the council called the band oa when business is entirely |c’clock Wednesday afternoon to con- sit‘er and approve a new ordinance. TRUSTEES C. LEONARD SMITH, Attorney HARRY C. YOUNG, President-Treasurer Tribune, Douglas Enterprise, Mines Syndicate, ( NOTE-—Wide publicity given the plans of this «yndicate in the columns of the Denver Mining Record, Casper Daily Tribune, Cheyenne State tho Lander, Glenrock, Riverton and other state papers, has brought to the officers of the Miners Delight Gold numerous inquiries which it is hoped this announcement will fully answer. opportunity of expressing appreciation to the’ above named publications, FREDERICK B. ANDREWS, Secretary Syndicate officers and members take this PROMINENT SYNDICATE MEMBERS NOAH YOUNG, Glenroch, Wyoming. A pioneer citizen of Wyuming. State Mine Inspector for 12 years. Engaged in mining many years. A successful man, of character, abil- ity, clear vision, and —s personality. : DONALD J. SMITH, Casper, Wyoming. Superintendent of Construction Standard Oil Company Refineries at Casper, Wyoming. GEORGE R. , Chicago. President, Oatman Gold M. & M. Company, of Oatman, Arizona, This company ts actively engaged in EE today). Member Edwin Mc- Neal & Co., Investment Bankers, LEE J. YEALY, Parkerton, Wyoming. Superintendent Ohio Oil Company. B. H. PELTON, Jr., Se ‘Wyoming. President, Casper Stationery Company. GUY J. GAY, Casper, Wyoming. State Agent, Western Union Life Insurance Company. C. LEONARD SMITH, Glenrock, Wyoming. Attorney-at-Law. GORDON L. HABENICHT, Casper, Wyoming. CHARLES M. STRICKLER, Mine Manager, Casper, Wyoming. For over 30 years actively engaged in gold minlag; since mining inactivity brought on by the World War, he holds an important sup- ervisory position in the mechanical construction and operations of the vast Standard Ofl refineries af Casper, Wyoming. HARRY C. YOUNG, Glenrock, Wyor-ng. Vice President Bank of Glenrock W; Royalties Company. Civil: Engineer. Wyoming. FREDERICK B. ANDREWS, Casper, Wyoming. Thoroughly experienced in gold mining exploration, financing and production in Nevada and Arizona. Wyoming District Manager. The Prudential Insurance Company of America. CHARLES T. LYNCH, Casper, Wyoming. Real Estate Owner cay Investor. Formerly engaged for many years in mining operations in Arizona. A. C. AND) Sait ‘Wyoming. Superintendent, Gas Plant Midwest Refining Company. t of Merrico President of Young Oll Company. Graduate of Big Muddy Oi} Field at Parkerton, ROY P. JOHNSON, Casper, Wyoming. Payroll Department, Midwest Refining Company. Merchant. ieee Wy Semen T aerel me Terma, cre. sabe Ge mpcrersttes | $e) the. pamtic. ha ve Deen) Sally compres pi Get erry ball athe strom legal papers @s well as this and future announcements submitted to the Secretary of the State of Wyoming in accordance with the anal A complote history of the famous Miners Delight mine, iocated 24 miles south of Lander, Wyoming, adjacent the ‘Washakie National Forest, reads like a romance. Discovered about 1867, its world record of gold production was all taken out from a very limited ment, Wyoming State Geologists, and eminent mining engineers, more than $1,200,000 in gold has been taken out of this mine above the 150- foot level. Some authorities state that the total gold production of this mine has been nearer $3,000,000 all from shallow shafts, and by very No systematic effort has over been made on the large scale planned conserta‘ively estimated to contain many more mtillions in gold. Production 4,2". fest of samples of ore from all parts of the mine above 150-Ioot level a few ago, obtained. high figures and values into mil- ~ Se ae dais Se ‘Noah Young, the founder of this Syndicate, who worked as:a gold Nicer tint thetntive eons nace eaniacrntiwieatie wanstuaneran cc Mines of Wyoming: “There was more then One Million Dollars taken out in the It used to be a go-as-you-please mine, any and everybody carry- ing: away gold ore: It wa quarts sUcking to gold iustead of gad sticking to quartz f. “Its a positive fact if this mine was sunk to a depth of five hurdtre] feet I absolutely believe it would be one of the richest gold mines in the country.” Statement of another Engineer who examined the mine “As shown by the character of the ore at the 150-foot level, the veins being well defined, I am confident that this vein ex- tons of ore and that profitable can be carried on for a great number of yeara.” Extracts of a report marie by Professor E. C. Lindemann, e noted mining engineer: PER a geese ociteer readin le Append pester been removed mining manner, as there still remains at the tons in the group. bpialien oer postage mitts rycen tegen AN ge algteme Pepe men’ “The ore alreaty mined varie? in valve from $7.00 to $3,548.60 per ton sold, and a mill run of samples of ore trom every part of the mine above the 150-foot level gave an average of $32.45 per ton gold saved in the mortars. “In my opinion, formed from my tnepection, and Informa tion gathered in the neigh! this has out; over $1,000,000 in i en za It is today a property of great value.” ney bitAte Lh, Ror ae 19) states peal ootuction set Soa in Of $5,800;0000 need of all the mines, ‘Delistt mine heads the list’ with $1,200,000 to tote’ oun embers of this syndicate closed negotiations for Organization fox. Delight Mino, comprising 136 acres, a een ie 8 ine laims, eee nie a year of thorough investiga- into every problem surroun © property, from a financial, gineering, operating and mining standpoint. is ‘The Miners Delight Gold Mines Syndicate is composed of weil known, successful, business and mining men. Organized for One Million Unite, Fully Paid and Non-Assessable, of no par value. very officer and mem. ber paid CASH for his units. AN organization units held in a pool which cannot be roleared until the mine is financed, equipped. and operating, The Syndicate is organized under a Declaration of Trust, dated Maren 18, 1922, and recorded in Fremont County, Wyoming. The Chief Engineer in cha: of constructio: = Engineering Thaaon, snk coven taker Taction, in Smith, Superintendent of Construction of the Standard Oi) ompany of Casper. Charles M. Strickler, for 32 years engaged with many of the best known gold mining companies in the Rocky Mountain Region, will be Mine Manager, Mining operations will be under his Personal charge. Active mining will commence immediately upon insteliation of epee: the mine will be opened up, the main shaft now down 255 will be sunk to run levels at the’ 300, 400, and 500-foot levels, as aeonat advisable; old drifts and levels on the 90, 115, 150, and 240-foot levels, will be completely opened up, ore broken out, ore ‘bodies carefully meastred, and fmmediate hoisting of the ore from the ore bodies that are exposed, will then be carried forward vigorously. The mine will be ap- ly increasing {the Syndicate, and ah Inerearing profit to the Uni make many dollars sed tn he Cele ee £ weenie finance purchase of equipment machin same and commence ued td for every dollar invested in Financial 7°,; western that the syndicate was heavily ites tl this first offering of units at 31. $1.00 will be completely subscribed. right is reserved to reject any and all subscriptions, and also in any case to award a smaller amount than applied for. Those wishing Unite must make their subscriptions promptly, to insnre ‘obtaining them at this price, as this first issue is only to cover cost of initial equipment, to install same, and commence operations. Subscription lists will open at 11 a. m. Wednesday, May 3rd, 1922, at tho office of the Syndicate. Investors living at a great distance, are advised to wire subscrip- eae he will be accepted m the order recetved, remitance to follow Application ee ear maicate “win early date, on the Mining Stock adelphia, Denver, Salt Lake, suring a wide market. State plainly your name, tificate issued. that ‘The Of Boston. New Yori Pht I~ San ‘Brancieco and Los Angeles, ma ia address, and in what name you wish cer- Mizke all checks, drafts, or money-orders payable to Miner’s Delight Casper, Wyoming are the duta upon which we have acted in acquiring the property.) Go FICES—PHONE 555 TRIBUNE B BUILDING, GROUND FLOOR (The above statements are official or are based on information which old Mines Syndicate Box 1042 we regard as reliable, and while we do not guarantee them, thoy