Casper Daily Tribune Newspaper, May 30, 1922, Page 6

PAGE SIX MARKET GOSSIP AND FIELD NEWS MONTANA OPERATIONS REVIEWED HELENA, Mont., May 30.—The resumption on a large scale of operations in the Deyil’s Basin field is said to be indicated by the return ‘p Roundup of C. B. Foncanon of Aberdeen, S. D., who represents a group of capitalists in South Dakota who are heavily interested in Devil’s Basin acreage. Whree wells in sections 4, 5 and 16 were started by | this syndicate last year, none of which ‘were completed to the producing sands. Work in the first two is to be re sumed at once. Both of these wells are down about 400 feet. and in per fect order. The well on section 16 was shut down at about 1,400 feet. It is understood that as soon as the two shallower wells are compteted to the same depth, unless oii is found in the pper sands, diamond drills will be used to test the lower strata, with the expectation of getting a producing horizon tn the lower quadrants. On section § the deep test of the ‘Tri-City company is down about 260 feet and work has been stopped pend: ing the arrival of larger casing. This well was started with 19-inch bi a no casing has been run thus far. In terest centers on this test, which is to go to 2,380 feet, at which depth the Madison Iime should be reached. Re cent government publications tnc the Madison lime as an import source of ofl in Montana fields, and the proving of this formation would mean a new lease of life to many structures which have failed to pro duce in the Dakota or Kootenai sands Tn the Adams well in 14-11-24, just offsetting the Van Dusen discovery well, a severe crook in hole at 800 feet has foreed its abandonment, report from Roundup states. The rig now is beng sktided over a few feet and another well will be started at once by this company. A tig has also been erected for the Van Dusen No. 2, near the first well, and this.also will be started at an early date. The Montana Central company drilling in 8-11-25 of the Roundup field expects to resume drilling operations soon, hole having been shut down last fall at 800 fect when snow prevented further operations. At the Roundup Of and Gas well in 34-11-24 cementing off water is in progress, preparatory to cleaning out the debris resulting from an 80-quart nitro shot, which was exploded some weeks ago. Ofl in small quantities ts raised every time the baler is run, and when the well is cleaned out it is ex pected by the drillers that a commer cial well will result. The Spokane Roundup expects also to resume drill ing as soon as a car of casing arriv After fighting a string of casing which parted in several places as a re sult of dripping in hole while under reaming was in progress, the Oil company has decide back to the 2,i00-foot mark, crook in the well developed months ago, according to another re port from Roundup. At this point the casing will be sidetracked and drill ing resumed in straight line. Better time can be made, drillers believe, Al though the well was partially straight: ened last fall, in a sufficient degree to permit the running of casing, contin ual difficulty has been had due to the tendency of the casing to break at that point. It ts not expected any dif ficulty will arise to prevent this action after the hole ds started straight. A pth of 2,300 feet had been reached with seemingly only 150 feet to go to the Tensleep sand, in which produc- tion is believed to be almost certain Two drilling rigs are reported to be on their way to the Kevin-Sunburst field in Toole county, and are said te have been shipped by the Standard Oil company of California, to open oper ations of that company in northern several Montana. Although the California company is known to have taken over considerable acreage in numerous parts of the field, it is not known where these two are to be placed. A derrick being erected on the south- quarter of the southeast quarter of section 10, township 35 north, range 3 west, a part of the Lincoln permit, is believed by ofl men of Kevin and Great Falls to be the work of the Cali- fornia company. The operations of Harry L. terials were hauled trucks belonging to the Gordon Camp- bell interests, leattng to reports that the Gorton. Cambell interests may be) UP the crowd | Strohetm, car-| principal actor in the picture, prided 15 ofl himself upon reproducing at Universal rigs placed in several fields tributary|City, Cal., the exact scenes and ac- Lack| tivities to be found at Monte Carlo. planning the work. Drilling operations ried on at only threo of the are being to Hardin in Beg Horn county. f finance is holding up several com es in making progress, gaining pparent production. Well No. 7 of he Western States company of the pe Soap Creek field is now being drilled| nto the “red beds,” and indications are that this well will be completed! next month. The well is down 1,050 feet and 12-inch casing has been used to run in. Production is expected at 1,900 feet. The “56” Petroleum weil in the Beauvais country has reached a depth beyond 1,300 feet and further drilimg will not be done until the string of 12%%-inch casing now en route to the ficld has been run in. said that the “56” company-is as con- ident as ever that they will bring in} @ producer. Drilling has been re sumed at the Rotten Gross well by the Western States company after a suspenston of operations for seven or eight months. A depth of 1.950 feet has been reached and §-inch casing is being carried which it is expected will be set at a depth of about 3,000 feet. Production is anticipated at about. 3,500 feet. New Test for Basin. Black Mountain Petroleum com- pany, financed by Salt Lake interests | has announced plans for a test well on the Black Mountain dome, near the head of Lace cri in the Rig Horn basin region of Wyoming, ac- cording to Thermopolis reports. A rig is being moved to the property and construction of a roadeto make field more easily acces: Gas for Thermopots. The Thermopolis-Wroming Gas company at Thermopolis, Natural on. thin site have been under the direction, actual cost up to the time of its first Wilson of Billings, at-| Showing was $1,103,736. This stupend- torney for L.. E. Lincoln, and the ma-|OUS sum was expended in the con- ¥ to location on|Struction of gigantic and costly acts the /tary to Secretary of Comumerc > In pro-| ver, will sail next week for Russia to Wyoe., | me New York Stocks Associated Press Leased Wire. LAST SALES MONDAY. Allied Chemical ana Dyo Allies Chalmers |Americen Hide & Leather pta.. American Internationai Corp ". American Locomotive . J American Smelting and Refg. American Sugar .............. American Sumatra Tobacco American T. and T. American Tobacco | American Woolen Anaconda Copper -AXtchison | Cow ° Domt: has announced that 2 it will soon be ready to bugin construction of a lne ~ °° 5 o- to carry natural gas to that point Sti, Gulf and West Indite . from the Golden Eagle dams, assur. 2*! Locomotive ... Baltimore and Ohio Bethlehem Steel Canadian Pacific Central Leather Chandier Motors |": | Chesapeake and Ohio. | Chicago, MIL, and St. Paul - | Chicago, R. I. and Pac. ing Thermopolis of a domestic sup before the summer is over. Fi nancing is practically complete, it is stated, 3 | Lusk | Prest Strike Reports Persist. THERMOPOLIS, Wyo., news re-|Chino C perts persist in the decleration that} Colorado tte Tog Iron Fe Cs ered |COFR. Produc the Ohio Otleompany has wncountered | (PTR, Froducts Mike a PR Red Five oil from the Embar sand i its deep) erie test well in the Grass crock feld,| famous Player Lasicy | Royal northern Wyoming, althougn some General Asphalt ag doubt exis’ > whether the sand|General Electric oa has actually beer penetratod {General Motors Goodrich Co, Wind Great Northern, pfd. Iitinols Central Inspiration Copper . International Harvester Int. Mer, Marine pfd . International Paper Invincible Ot i Kelly Springfield Tire Kennecott Copper . Louisville and Nashville Mexican Petroleum Miami Copper .. Middle. States ON Midvale Steel . Missouri Pacific offices at Casve> ha’ Embar eand 6, H.JAITT ONE OF TEXAS? BUSIEST OIL MEN, MERI IREIGE 1S. PROMISING Ww Glenr S: FORT WORTH, Texas, May 30.—|Norfoll H. Witt, trustee for the Witt Lease| Northern Paciftc yndicate, is very enthusiastic over!/Ok/ahoma Prod. and Ref. H 99.64 yndlcate’s forty acres in’ the! pact american Betroleu 99.30 Dany of New York. It might be well! south, Ry., 61s, 195 The offset well to the| Pennsylvania ......- 99.74 ‘© mention here another transit sye|s. W. Toll Tel. 7s, 1925. 102% a jieat tee 99.84 tem which encountered difficulties in| Swise Gov., 83, 1940 ..... 117% a t ten-inch casing at People’s Gas f and making at the rate of|Pre Of . < . 99.82 1919, when it was thrown into the Lo Bae Gov., 5 150 fect per 4 The well at this Ray Consolidated Copper Victory 4%s . sss. 100.50 hands of a recetver by the War Fi-| Uruguay, i 1946 3 time is near two thousand feet. Penge Be Dance Covpocation\ inase (eners, 06> | Wwattakerteise: ex, i94i” bert well has every indication of making figbal Dutch Nee. =a Soot ee te the Loing|Pac. Tol, & Tel. 58, 1952 94 one of Mexia's greatest gushers, and Sears Roebuck being only 1500 feet from the Syndi- Sinclair Con. Of cate’s forty acres, would mean a for- Southern Pacific tune for Witt and his associates, if Southern Ratlway Picardy ... | Riverton Retg. ‘onsolidated | Capital Pete . Gulch Lance Creek Royaity . Royalty on. Henry Outwest Bank .... Tribes Pet. Co. . ty and Producers Bell Royalty . Western Exploration . River T.efg. . United rete Wyo-’<ans Tex Western Of Fields Western States . cock =O Salt Creek Pras Crude Market thi: ut es in as is ¢ h | Standard Off of N. J. | +$1.90 peieha harass: ya Ne arr b ats 7 Studebaker Corporati Blk Basin S180 In an interview with Mr. Witt, he : ennessée Copper . 12% | Lance Creek + 190 states he is negotiating with patries meray Co. . 49% Hamilton Dome 2 140 to drill the 2560 acres in Pecos county, Texas and Pacific 34 Rock River 2 150 the Fort Stockton field, Mr. Witt has Tobacco Products . alt. Creek . + 140 great faith in the Fort Stockton field Transcontinental Oil = Big Muddy > 1.40 being one of Texas greatest ofl ‘eles Union Pacific Mule Creeic + 135 United Retail Stores + (rian in the near future. 7 pepen ecb Ind. Alcohol | United States Rubber United States Steel Utah Copper Westinghous CHT Camp Electric Livestock Mart Omaha Quotations. OMAHA, Neb. May 30—(United States Bureau of Markets)—Hogs, re-; Grea’ Northern Ore ceipts 5,500; mostly 10 to 18¢ higher; | —— bulk 180 to 230 pound butchers $10.30 @10.45; top $10.50. bulk 240 to pound butchers $10.00@10.30; packing} grades $9.00@9. Cattle, receipts 3,000; beef steers active 10 to 15c higher; top 8.65; she stock about steady. medium cows dull; other calsses of stock steady, Sheep receipts 1,000; all classes strong; best California spring lambs $14.60; one load 96 pound average clipped lambs $12.65. the cases, H nd Superior jCala Petroleum . Montana Power from E London LONDON, May 30.—Bar silver 36%d per ounce. Money 2 per cent; discount rates, short bills 2 6-16 to 3% per cent; three months bills 2% per cent. asics The placid currents of every day b of Anderson county has been ruffle catter, the lease hound and the oil —<$<$<—>_—_ ‘FOOLISH WIVES’ 15 FEATURED AT THE HUB acres on Montalba Salt Dome. well on Spindletop Salt Dome, some ftheir they haye seen the to be shown at beginning Thursday, first real the Hub theater June 8, js the milliondollar picture Its a productive salt dome would mean to Anderson county in general, and Palestine in particular. i ‘W. EH. (Bill) Roeser, trustee of Roe- ser Petroleum, is authority for the jtement t 240 producing acres on the Spfndletop Salt Dome yielded over 46,000,000 barrels of oil; so with |this as a basis for calculation the Salt Dome uplift in Anderson county should, if proven productive, mean millions to the residents and landown- ers of Anderson county. Roeser Petroleum's No. 1 test on ifontalba Salt Dome will start drilling Monday, and with anything like or- dinary luck the test of Montalba Salt Dome should not require more than sixty days. Excellent reports reached Palestine yesterday from Elkhart, Anderson county, where H. A. Hermon is drili- ing a test for the J. E. Winans Pe- troleum company. Several promising showings of both oil and gas have “\been encountered in this test, and the contest for the honors of discovering the big pool in Anderson county seems | to narrow down to Roeser and) Winans. | The attempts of wildcatters to as-! nd in the hiring of thousands of extra” actors and actresses to make scenes. Erich von the author, director and To Visit Russia ceived today SEED POTATOES CASPER STORAGE Co. Sherman Gets Hospital. LLICOTHE, Ohio, May 30.— Sherman has been selected as the site for the $1,500,000 hospital of bureau for neurotic to a telegram re the Scioto Gazette R. Forbes. A site veterans according by Director C. king this atively selected. ANDERSON COUNTY, TEXAS, READY FOR OIL BOOM, PRECICTED SOON, PALESTINE, Texas, May 30.—Anderson county is agog. siness in the county seat by the entry of the wild- operator. Word reached Palestine today from the Roeser Petroleum camp, nine miles northwest of town, that the crew. had com- pleted the installation of the giant somble drilling block of acreage east rotary rig that will be used in drilling of Palestine meets with little success Roeser Petroleum's first test on 7,000) for the reason that the landowners in |tnis area are so certain of production Many residents of Anderson county |that they are placing what the wild- recollect the completion of the Lucas Catters term exhorbitant figures on leases; hence development tn this OP nd since that me, section will probably be delayed until ee eee ae eee aoe Gotuaiia| the, completion of the Roeser ox’ Win vives,” super-picture|2n@ the Orange Salt Dome fields give |ans test. connate x the up thefr treasure, and they know what | —————_____—. SWAN UNDERREAMER Fancy Early Ohio 313 W. Midwest Ave. nadian SCS Z2Cana New York-~Halifax~Quebec The Palatial Twin-Screw S. S. “FORT HAMILTON” Sailing from New York July 8-22 Herter, private secre-| Hoo- promenado-decks and all deck games, man: sino, etc, Orchestra for dancing. The round trip occupies 12 or ove way to Quebec, No Passports required for those crui istian 4 da make a special study of 5 the Voiga valley famine are return’ nditions in 34 Whitehall Street, nt ia Will make 4 unusually attractive cruises v5, day FURNESS BERMUDA LINE ‘ew York, or any Tourist Agent. and Aug. 5-19 Stopping one day at Halifax—Two days at Quebec, Seiling through the Gut of Canso and Northumberland Straits, the broad St. Lawrence, up the Saguenay River and thence on to Quebec. Magnifictent scenery, smooth water, cool weather. The ship has spacious Y rooms with bath, finest cul- rate $150 and up , $80 and up or MMustrated literature address 2 'Pany or subsidiary to list 2 due to the difficulties which they have is the automobile and also the consider- i -¥ 99.86 them the Inter-Borough Rapid Transit - 99.60 and the Brooklyn Repid Transit com- entire camp ‘has 1927 and Toledo Traction light and at By Jobn U. Fish. Marine Bonds—These are very sim- flar in thetr form to Railroad ment covering tonnage, tonnage is protectrd by insurance and 3 § 3 u Ee § } #8 e ? 5 Hy oa Gov., 1 it. Nor., 54a, 1952 Gt. Nor., 7s, 1936 .. standing either by the mother vom. them in here, Traction Bonds are not as a rule highly regarded at the present time N, P. Gt. N. Jt, 64s, 1936 N. ¥, Cen., 58, 2013 .. N. ¥. Eat, 2358, 1941 been encountering with the advent ot able rise in labor costs. A good many of the traction companies are in dif- ficulty at the present time; among Traction company, that is the United Railway of St. Louis. lacidental to the re-organization, there were issued four millions worth of Recelvers’ Cer- tiflcates, which certificates take prec: edence over any outstanding bond un- leas there is special provision exempt- ing some particular tasue. As a rule, consequently, a recetver’s certificate may be considered a very desirable form of investment. They are not prevalent, as very few are outstanding | order to crows Southwick bridge. in the country today but are satisfac- tory in the majority when they may be procured. ‘There are, however, a number of public utility companies, who combine traction, light and gas. Many of these are excellent as an in- vestment. We may consider North Ohio ‘Traction Light and Power 6's {,%, Union B. and P., 6s. 1942 ——$—$_____—_ PARADERS BEATEN. for the Batterseaborough. ats base etl NOTICE. price. 312 West First street. 2 power 6's of 1947 us good illustrations. T- TO TIRED, TAUT NERVES time be in your system, clearing up the congestion and producing a healthful perspiration. It has al the sleep-inducing powers of ordinary hot bath, plus medicinal TINGLE’S LAXO ASPIRIN qualities extraordinary. a narcotic drug. but the salience DAKO ARETE etn TINGLE'S fold tt contains holds great scoth-| your relief by Flddine the nate ing and quieting powers. of the waste polsons which often Twenty minutes before retiring | bring pain Testlossness. fine, Ur oytablets accompanied by «| | He sure to ask for TINGLIFS je salicylic cit tail in ‘short |pirin with the three polmtay eS It’s absorbed easily —It relieves pain qaickly It’s a gentle laxative TINGLE’S LAXO ASPIRIN Ask Your for the “Three Point Box” Research Laborato: Wa: Boa on LONDON, May 30.—(By The Assoct- ated Press).—Mounted police used their tuncheons in order to control a/ group of unemployed paraders in the | heart of London this afternoon. The| marchers attempted to enter Queen! street near the Bank of England in Among the leaders of the paraue who were arrested was a councilman ‘The well known Christenson board-; house; will start business May 28; ily table and short orders; moder- BRING SLEEP AND REST TUESDAY, MAY 1922 I have always believed I would win. And I am more convinced than ever before that I'll win. With the Denny Mexia, Humphrey Jones, both showing for wells on the southwest side of our hold- ings, and the Mexia Sims, on the east side, which has had four good showings of oil at 900 to 2,400 feet. Now comes the Favors well, just north of our 40 acres, and just on the very edge of the structure, and showing for a big well. The manager of this well claims he will make a 2,000-barrel well when com- pee And they are just on the edge of the struc- ure. If they make a well, what will happen when the offset well to our 40 acres hits the Sand. and them on top, and the widest part of this Structure. In this case the offset well should make 5,000 to 10,000 Bbis. per day. And then the 40 acres will easily be worth $100,000.00 to this Syndicate, more than 12 times the entire Nar sce and leave us 2,560 acres in Pecos County. And in this case as I have always told you, I am going to sell this 40 acres and divide the proceeds 90% to the Unitholders and I take the other 10%. 40 Acres in Mexia Field—2,560 Acres in Fort Stockton Oil Field. I have always believed from the very day I bought this 40 acres and added to the 2,560 acres, in Pecos County, that it was a winner. And I'll never change my opinion, until I know different. My Friend drilling this offset well to our 40 acres has been Drilling Oil Wells for the past 30 years, And he will spend around $30,000 on this well. You know he has faith in getting 2 gst well or he would never spend that good money these close times, Latest News From the Field The offset well set 650 feet of 10-inch casing May 18th, and are making at the rate of 150 feet per day. By the time you read this le! the well will be 2,000 feet or more. And just a verffew more days we will know the value of this 40 acres. And if it should be worth a Million Dollars, it belongs to this Syndicate. For we have the to it, and the Title is perfect, and sent in to be filed. As I told you last week I am negotiating with parties ty Drill the 2,560 acres, on the 50-50 basis. And as soon as this deal is over I don't think I will have but little if any trouble in getting this contract closed up. And in the event they get the Oil that scores of the Leading Geologists of the Country pepaict underlies this part of the Field, our interest can easily worth Five Million Dollars to this pre And every Unitholder would come out with a lot of Money. Friends, is it not worth taking a chance on? Think it over quick. compare it to any other deal being offered. Friends, I am doing and going to do everytuing that is in the power of Mortal Man to make money for this Syndicate. Do you want in with me? I have given you the plain facts in every letter and every ad that you have read. I have not tried to mislead you, or deceive you to have you join me. I have not told you I was the world’s greatest Money Maker for others. I have not had my wife or some good friend go before the Notary and make affidavit that I had made them alot of Money. I have not had maps drawn up pote: several Oil Fields together that are more than 100 miles apart, and showing my acreage jam against them, in order to influ- ence you to join me: If I had been using all this propaganda stuff on you I would have done as many others have done. I would have capitalized for $250,000.00 or more. Instead I have made the capital just as low as I possibly could to put this deal over. Compare a $20 bill here to one in a $300,000.00 company. Our 40 acres alone today would be considered a very low capitalization at $8,000. Friends, many of you have been chasing rainbows in past history, and lost your money. Do you want to make it back? A small investment here stands au. even chance to make you hundreds of dollars in the next few days. Could you ask more for your Money? Time is limited. This may be your last chance to join this wonderful opportunity, where a few Dollars can make you, inde- pendent. What are you going to do? I guarantee you an honest and clean deal, and that is all any honest man can offez you. If your Check reaches me be- fore either of these wells prove up this 40 acres I will accept it-and mail you your Certificate. Otherwise, your Money will Lg Send all mitts to Witt Lease Syndicate. mn remittances Any, number of References furnished on request. == = = = CUT OFF apre — — — — — — EE ORE ERB WITT LEASE SYNDICATE Capitalization $8,000.00 © C.D. T. 5-30-22 400 Units at $20.00 per Unit 1002 Monroe Street Fort Wert, Texas. I wish to win with Witt, and share in the Million Dollar Harvest. Iam enclosing $ ~.......+....+...s-.2+ STORE FOR RENT In Ideal Location ARKEON BLDG. PHONE 1604-3 Ask for McKeon or Archer for . seeeeecsseceeeccecceseees+» fully paid, non-assessable profit-making units. It is understood that our neighbors do the drilling, prove our acroage. We sell out for the Pos- sible profit and split the velvet 90 per cent to Unit holders—10 per cent to you. Name ... nate ee eee e new eneenee Adaresa 2.2.00... ccc ccnee CSE ARE YOU CONSIDERING BUYING A CAR? Lumber Prices Are Advancing Mill prices on all lumber products are advancing rapidly. DO YOUR BUILDING NOW WHILE OUR PRICES ARE LOW. NATRONA LUMBER CO. Phone 528 251 N. Beech BETTER SIGN UP NOW. We Will Unload in a Day or Two a Carload of Marmon, Hudson and Essex Cars DO YOU UNDERSTAND THE AUTO SITUATION?