Casper Daily Tribune Newspaper, December 5, 1922, Page 8

PAGE EICHT. STOCK TRADING (WHEAT PRICES. | QULLATSTART, FAIL TOHOLD nt Attitude on Part of |Early Morning Advance Is ‘ail | Wiped Out On Slump In ders Leads to Ir- H regularity ] Stock Market CHICAGO, Dec, 5—Si2ck market _wesgplgeh || weakness turned the wheat market waggle ,|downward today in the last half of |the board of trade session. Wheat closed unsettled, %c to Tc net lower, with May $1.15 to $1.15% and July $1.07 to $1.07% CHICAGO, I-c. 5.—Whest scored o moderate upturn in price today after a little setback at the start. A de | cline in Liverpool quotations appea ‘ed ial shares to be chiefly responsible for the ini- tial weakness here, Dut reports of at her rains interf the NEW YORK rest in Arg acted soon as Prices in today's ore than an offset. Trade, however, |lacked volume. The opening, which %c lower to a like ad- to $1.15%, ranged from vance, with May $1.15% and July $1.07% to $1.07%, was fol- lowed by a general sag and then by a rise all finish. around to abore yesterday's Bullish domestic crop estimates to- gether with talk of farm legislation had some stimulating effect tn lifting} Ung pr prices, but there was no aggressive a new t ing and wheat values dropped nental Can y when stock market Mquida- on a gain of 2% point: body led to increased selling pressure wheat. Corn and oats were governed tn the in by the action of wheat. Some- gee eS g of a lull in western demand for ico tO was reported. After opening a shade to % lower, May 69%c, the corn market eased a little more, and then showed slight gains. Subsequently the market seemed to be bare of supporting orders and houses with eastern connections were active sellers, especially of De- Petroleu Products eign exch: New York Stocks Associated Press Leased Wire. Allied Chemical & Dye Allis Chalmers American American American American American American American American Sugar American Sumatra Tobacco -- American T. and T. American American Anacanda Atchison --.. Atl, Gulf and West Indies Baldwin Locomotiv: Baltimore and Ohio Bethlehem Steel “B’ Canadian Pacific Central Leather Chandler Motors — Chesapeake and Ohio Chicago, Mil and St. Paul Chicago, R. I. and Pac. -. Chino Copper Colorado Fuel and Iron “-. Corn Products - Crucible - Steel Erie - = Famous Players Lasky - 71% ry Hide and pfd. Internacional Corp. Locomotive Smeiting and Refs ebebada teee deg General Asphalt - General Evectric General . Goodrich Co. - Great Northern pfd. Illinois Central Inspiration Copper International Harvester Int. Mer Marine pfd_- International Paper - Invincible OU Kelly Springfield Tire - Kennecott Copper Louisville and Nashville 134 Mexican Petroleum - 27 B Miam! Copper —- 27 Middle States Ol! - ™M s & Western Northern Pacific -- Oklahoma Prod. and Ri Pacific Oil Pan American Pe:roleum Che Casper Dally Cribunr : Oil Securities LOCAL OIL STOCKS Bessemer 20 Chappeit Columbine Consolidated Capitol Pete Lance Mike Henry -— Mountain & Gul Tom Beli_ Koyaity Western Exploration — 2.20 Wyo-Kans. Wyo. Tex. - 20% Western States ey ¥ ot 20 Mountain Producers -$ 16.50 Merritt -—__. 7.00 Glenrock Oil 1.06 Balt Creek Pras, 19.62 Salt Creek Cons. 10.00 Prod. and Refrs. 7.00 Marine new - 5.00 Mutual Oil 8. O, Indiana — Cities Service C Fensian — New York Ol - Mammoth Oil LIBERTY BONDS. 3%s -- First. 4s Second 4s Firet 44s Persistent seling of railroad shares.) comper delivery. The close was ner-|Pannsyivania S915 both dividend and non-pay which | vous “So to 1%0 lower. with May +4 fell 1 to 2 points, had a depressing 6S%oc to 68%Xc. 1 v ie 3 . Ray Consolidated Copper - 13% effect on the whole market. Some of!" Oats started unchanged to %o high-| Reading 75% the’ industrial leaders such as Bald-| er May 42%c to 42%c and held close| Rep. Iron and Steel 45% win, United States Steel common and|tq’ the initial range. Royal Dutch, N. Y. 52% Pan-American offered good resistance Sot ance|, Provisions were depressed by « fall 80% Sears Roebuck to selling pressure but in hog values. Sinclair Con Oil 31 forfeited nearly all of its Initint rise. Southern Pacific - Having succeeded in checking the Open iia new Southern Railway rally..which started. last week, bear|yheat— > 2 cee Standard Ol of N. J, — operators were active in putting ou 21.79 1.19 = Lem tare | ROE coer new short lines of stock, Peoples Gas|y 115% 1.16% 1.245 115 | penmeneee CPP 48% was hammered down 4% and Marland |} 110715 1.07% 1.06% 1.07 |reaas and Pusitic 214 Otl 3%, while Tidewater Oil, Torillard Tobacco Products "Tobacco, A: n Hide Leather 69% 67% .68% | Transcontinental Oil — ‘preferred, Sorthern preferred. ‘eon, ‘es% esq |Union Pacific ‘Bt. Paul Louisvile and 165% 68% .681, | United Retail Stores - Nashv Houston } ri 7 {U. S. Ind Alcohol -. = Gil ana Stanc Jersey 42% 42% 4% Unitas nies ae, 3 % 5 3 2% 02% 42 42%! Utan Copper a an med at 5 per cent. | ‘39% 39%. “39% “a9 | Wien ine ones = . » forenoon decline| Willys Covent auia et al, American Hide and 10.10 10.12 10.07 10.10 | American Zinc. Lei ne points, 10.20 10,22 10.20 10.23 |Butte and Superior <--------- 29 Chi- Cala Petroleum, -————————_ 80% and 9.65 | Montana Power ---—-—-—. Unlon Pacific 3 points, be the an-]3 _ 969 {Shattuck Arizona _ mouncement of the dec! of a ie Great Northern, Ore = 25 per, cent stock di Stude- Cash Grains. praten 7 Motors Ex : baker, and the resumption of divi] CHICAGO, Dec. 5. —Wheat No. 2|Consolidatee Gas — dends son Kennecott Copper at the|red $1.28% @1.30%; No. 2 hard $1.19% | American Linseed Oil -. 29% annua rate of 3 per cent served to| @1.19%. stem the tide of selling orders for a time. Studebaker, which had been quoted under yesterday's final figure, immediately mounted to 126% and Kennecott also scored a rise of a point. Rallies in the balance of the list were not important apart from Kelsey Wheel, which rose 4%. The closing was firm. Corn No. 2, mixed 6914 @72%¢; No. 2 yellow 69% @72%c. Oats No. 2 white 44@44'4c; No 3 white 42@43@c. Rye No. 2, 84%c. Barley, 67@T4c. Timtohy seed $8@6.75. Clover seed, $15@20. Pork Nominal, Virtual cessation of liquidation in] Lard $11. Bj the final hour combined with brisk Ribs, $11@12. Duying of a few special Issues, notab- SE Cee oma ly Standard Oil of New Jer: burgh Coal, ferred and Kelsey | POTATOES prices upward again, particularly in Speco n LE RLOUD, CHICAGO, Dec. 5.—Potatoes dull; receipts 76 cars; total United States shipments 51 Wisconsin sacked round whites No. 1, 75@88e cwt.; Minnesota sacked and bulk round whites No. 1, 75@85c cwt.; Minneso* nm ex-jand North Dakota sacked Red River in de-}Ohios 80@85e_ cw' Idaho sacked W YORK, Dec. changes irregular. 6; 60 day|Rurals No. 1 $1@1.05 cwt, France demand ee Italy demand| Belgium demand| } ue Gemen¢|{ Butter and Eggs demasd! demand] CHICAGO, Dec. Butter higher, standards 98 mark witzerland de-|5915c; extra firsts 51@54%c; firsts 43| mand 18.86 demand 15.45: | @49c: seconds 41@43c. | Greece ( Poland demand| Eggs higher; receipts 2,322 cai 00%; Cze 3.19; | ¢irsts 47@50c; ordinary firsts 40@4ic:; Argentine de- @48c; refrigerator ex-| mand ; refrigerator firsts} ‘alive unchanged. | WYOMING OILS} price OF SPUDS SLUMPS | “eee ON HEAVIER RECEIPTS 5.—Prices listed on the New York curb as fol-| lows: Glenrock 1 1-16; Mutual 10%; Omar 99. CHICAGO, Dec. 5.—Although the potato market in the principal citles outside of Chicago remained firm dur- ing the week ending yesterday, local f prices were down 10 to 15 cents, ac- SILVER [ leoctins tp ithe ioreakiy traibiana rene: table market review issued by the United States bureau of markets. NEW YORK, Dec. silver 65%; Mexican dollars 5.—Foreign bar Other fruits and vegetables were steady to firm with cabbage and —|onions showing a good advance. New | York Danish type cabbage wes $20 to | 30 a ton bulk in city markets and $18 to $16 at shipping points. Onions jwere up 25 to 75 cents in the city | markets. | In the leading markets New York | Baldwin apples were $4 to $4.75 a bar- |rel and $3.85 and $4 at shipping |points. Local prices on middle weat- lern Jonathans were $5.50 to. $8, | Northwestern extra fancy boxed Jon- AT YOUR jathans were $1.75 to $2.25 in most a SUPPLY STORE |p rkets except Kansas City, where 2 | the price ranged from $2.25 to $2 SS | Cotton | NEW YORK, Dec. 5.—Cotton spot | quiet; mifdling 24.55. a Live Stock Chicago Prices CHICAGO, Dec. 5.—(U. 8. Depart- ment of Agriculture.}—Hogs receipts 57,000; mostly =teady; bulk 180 to 250 pound average 9.05@8.10; few good and choice 240 to 270 pound butchers 8.15; top 8.15; packing sows mostly 7.25@7.60; desirable pigs around 8.10; heavy hogs 7.95@8.15; medium 8.05@ 8.15; light 8.00@8.15; light light 8.00@ packing sows, smooth 7.40@ 5; packing sows rough 7.15@7.50; killing pigs 8.00@8.15. Cattle receipts 166,000; beef steers slow; killing quality rather plain; few opening sales about steady; under tone weak to lower; several loads short fed steers 7,00@9.50; some long Victory 4%s ton. ------$ 70! This plant, when completed, will/over October and the largest reported Cat Creek .~.—----~------------- 1.20/ have a capacity of 8,000,008 cudic]| since last May. Mule Creek 5} feet of gas per day frora which it 1s Worchlight Buncet Blk Basin Greybull tion, troleum also was discussed. America. a fed held above 13.00; bulk native beef steors of quality and condition to sell at 8.00@10.00; under tone weak on lower grades beefs cows; other grades she stock and bulls about steady; veal calves strong to 25c higher; stockers and feeders strong to 1bc up; bulk de- sirable veal calves to packers early around 9.50@9.75; outsiders paying | upward to 11.00; bulk desirable heavy boiogna bulls early 4.15@4.35. Sheep receipts 18,000; opening slo" fat lambs fully steady: early top 1 to city butchers; some held highe fed 94 pound yearling weathers 12.75; feeding classes steady; best feeding lambs 14.50; sheep steady; heavy fat ewes around 5.00; Wghter weight up to 7.25; paid for one load 105 pound fed ewes. . Omaha Quotations. OMAHA, Neb. Dec. 5,—(United States Department of Agriculture.)— Hogs—Receipts 11,000; butcher hogs steady to 10c lower; packing grades 15@25c lower; bulk mixed and pack- Ing grades $6.75@7.60; bulk 190 to 250 pound butchers $7.75@7.90; top $8. Cattle—Receipts 8,000; beef steers mostly steady; short feds and warmed up grades slow; corn fed yearlings $10.50; contract price corn feds $11.50; she stock and bulls about steady: veals strong to 25c or more; higher; stockers and feeders unchanged. Sheep—Recetpts 10,000; lambs 10@ 25¢ lower; clipped lambs off most: bulk $14@14.40; top $4.50; fed clipped lambs $12,50@12.75; other classes steady; yearlings $11.50@11.65; weth- ers $8 down: ewes $7.50 down; top feeding lambs $13.75. Denver Prices DENVER, Colo., Dec. 5.—Cattle re- ceipts 1,400; market steady; beef t calves 7.00029.00; stockers and feeders 3.50@7.25 Hogs receipts 1.800; market steady to weak; top 3.00; bulk 7.50@7.90. Sheep receipts 100, market steady} 12 METALS j — Copper electrolytic spot and futures’ NEW steady; 13% @14 YORK, Dec. Tin firm; spot and nearby 36.25@ 36.37; futures 36.37@36.50. Iron steady and unchanged. Lead quiet; spot 7.10@7.35. Zinc firm; East St nearby delivery. 7.15@7.26. Antimony spot 6.50@6.7! MONEY NEW YORK, Dec. closing bid 5% offered at loan 5%; 4% @5. NEW YORK, Dec. 21,350 tons. ulated. ooo BAR SILVER UP. NEW YORK, Dec. mestic. origin. was fine. to 2c higher; lambs ew 5. 5.—The York quotation for bar silver of do- increased today from 99%4c to 99%c per ounce .999 This increase is due to the de- creased cost of transportation be- cause the government is again accept- ing delivery of. silver purchased under the Pittman act at the Philadelphia int instead of at the Denver mint - Finance -:- Bonds -:- Stocks -:- Grains - S AND QUOTATIONS BY LEASED Furnished by Taylor and Oy. Big Ask ited test well now being completed. ‘02% | NEW YORK CURB CLOSING Bia 19.87 10.25 1.12} |WAKET GOSSIP AND FIELD REWS FARGO PLANS MUGH DEVEL OPMENT At the deferred annual meeting of stockholders of the Fargo Oil company held at its local offices today, it was de-! cided to start an intensive development campaign of the cor- poration’s properties in the Poison Spider and South Casper) Creek fields as a result of the big production found in the boat sell 0) 5 comp It was also definitely assured that the pi ine woul from | Holbrook, Arizona | that istrict. to Casper during the en to gir me ‘of Pennant Sy toy coming spring. sary to thoroughly test the structure. | At the election of directors, W. D.| A new standard rig was installed and ‘Weather«. Sen Husaker, Harve Rob-| the crew is working for a bonus which | ingon, Q. K. Deaver, Pat Sullivan and | will be paid if the test is completed in . Livestock -:- All Markets Dom of Con., 5%% netss, 1920 -— French Republic, French Republic, Armour and Co., Baltimore and Ohio, c Bethlehem Steel ref., 5: Bethiehem Stee’, p. m. Chi., Burl and Chi, Mfl and St. Paul, cv., 4%s Marion Runfien were placed on the/ from 60 to 90 days. That terr.tory board and at the election of officers| has been passed upon as being favor- following all present officers were re-|able for oil production and will be elected as follows: W. D. Weathers,| closely watched by operators from all president; Ben Hunsake: Parts of the country. Harve Robinson, v! I Deaver, treasurer, and Marion Runden, secretary. One of the engines in the huge jcompressor plant now being erected in the Polson Spider field will be ready to operate by Thursday of this week and the entire plant will be tn operation by the first of ihe year, Bach one of the units will handle 10,- | 060.000 cubie feet of gas daily and when completed this will rank with the largest in the mountain states. The company is making excel ;Progress with its new well and 2,500 feet of 8%, casing has been run in the Ol Boom Coming NEW YORK, Dec. 5.—Otl author- ities are predicting that In 1923 and 1924 this country sill experience one of the greatest oil booms in its his- tory. Regardless of whether steel, copper, and other prominent indus- tries expect to roll up large profits this year, the petroleum industry is expected to make a favorable showing, judging from official and unofficial ststements which have appeared in the f.nanclal district recently. Financial Notes. 10. 00 |hole. The crew is now underreaming Earnings of American Smelting are 8.00and letting the casing follow and ‘t|reported to be rapidly increasing. It Aru iy’ expected that this can be done un-|s said that October was the best 2 "0 \t the entire producing stratum is|month of the year with {ndications 42.00| thickness and with the oll now flow- STANDARDIZATION OF Olt DRILLING EQUIPMENT 1S, URGED ON THE OPERATORS, ST. LOUTS, Mo., Dec. 5.—By The Associated Press.)—Standardization of at 777 feet and was found to be 33 equipment in the oil industry as per-|feet in thickness and well saturated. tains to drilling and refining ma-/A shot made by the Independent Tor- chinery formed one of the principal! pedo company of thts city caused the topics discussed today at committee meetings which were preliminary to the formal opening here tomorrow of the third annual convention of the American Petroleum Institute. association of natural gasoline manu- facturers held a meeting today in con- junction with the institute's conven- Improvement in methods of refin- ing and marketing gasoline and pe The institute has a membership of 2.000 including the largest dealers in petroleum and petroleum products in Louis spot and 5.—Call_mon firm; high 5%; low 5; ruling rate last call loans against accept- ances 4%. Time loans steady; mixed collateral 60-90 days 4% @5; 4-6 month Prime commercial paper 4%. pedi easton) | SUGAR { 5.—Sugar fu- tures closed steady; approximate sales The market for refined continued quiet and prices were un- }ehanged at 7.10 to 7.25 for fine gran- 12.009 14.00; 4.00@6.50; feeder lambs. 12,00@ 97.85 Mea further development, one of the l4r-/on future policias. $a24 88 dark oll fields of the countsy 9ag4;™May result. “qo | estimated by engineers that the gaso- ty |Lne output will be 640 gallons. 1.20 pose of extracting gasoline from the 2-20/ natural iped from the Big Sand 1.20) Draw fic fore it is used for fuel 120 [= 11Z9| that the extraction of this product The! New ‘penetrated. It is estimated by geolo- gists that this sand fs 250 that November and December will be feet better. 4 jing over the top of the casing, this well promises to be one of the largest ever opened in this territory. Owing 5 to its location it proves at least 1,090 res of the company’s land and wit United Frult is now earning about double its dividend requirements. Railway executives meet in Chicago Wednesday and Thursday to decide Loose-Wiles Biscuit company de- clares a 7 per cent back dividend on the second preferred and the regular quarterly dividend of 1% per cent on the first ‘preferred. Owing to a dolay in the receipt of material needed for its complet’on, the starting of the obsorption plant of [the Producers & Refiners Corpora- }tion at Riverton has been delayed | until the tenth of the present month. | Plant Nears Completion Bradstreet's reports 1.758 business failures in the United States in No- vember, an increase of 9.80 per cent NOTICE OF SALE OF SCHOOL LANDS |. The plant will be used for the pur- Notice is hereby given that pur- suant to law and at the order of the State Board of School Land Com- missioners, the Commissioner of Public Lands will, on the 20th day of December, A. D. 1922, at 10:90 o'clock A. M. at the front door of the Court House in the City of Casper, County of Natrona, State of Wyo. offer for sale at pub- lic auction and sell to the highest bidder the following described lands: All section sixteen (16), town- ship thirty-four (34) north, range seventy-nine (79) west of the sixth principal meridian, containing 640 acres, more or less, A, P. No. 3391 H. L. Stacy. The appraised value’ of the sur- face right of each parcel of said lands is $13.33 1-3 per acre, and the said lands will not be sold for less than three-fourths of the ap- praised valuation and not less than $10.00 per acre. The said lands will be sold sub- ject to the term and condition that the purchaser, or purchasers, there- of upon receiving title shall recon- vey to the State of Wyoming all mining and mineral rights in and to said lands, including the right to prospect for, mine and remove any and all minerals and coal from said lands. The highest bidder is the bidder who offers to pay the highest price per acre and to reconvey to the State all minerals and coal existing or found to exist in the land, to- gether with the right to prospect for’ same. The said lands will be sold upon the followizg termr: Not less than 10 per cent of the purchase price to be paid in cash at the time of sale, and the balance in not to ex- ceed eighteen equal annual pay- ments with interest thereon at the rate of 4 per cent per annum, pro- vided that all such purchase price may be paid at the time cf sale, or subsequently at the option of the purchasers, The cost of this advertisement must be paid by the purchasers of the lands. Any improveicents on the lands must be purchase’ by the purchasers of the lands, eithrr by private agreement with the owner or at the appraised value fixed un- der the authority of the Board. The said lands will be sold sub- ject to all legally established or granted rights of way under the laws of the State of Wyoming or reserved to the United States and subject to any vested and accrued rights of any ditch company, or any person, owning any ditch or ditches 6n, or passing through any part. of said lands and subject to the right of the proprietor of any vein or lode to extract and remove his ore there- from, should the same be found to penetrate or intersect the premises hereby granted, as provided by law. The Board reserves the right to: reject any and all bids offered at! the: said sale. } In Witness Whereof, We have! hereunto set our hands and caused to be affixed the Seal of the Board and lightiWr, purposes. It is stated |does not detract from its value but | adds to it in heat intensity when used | for domestic purposes and tt also adds materially to the income. of the com- {pany in salable production. Another Structure Proved What is known as the Sixshooter ‘structure about 40 miles northwest of Billings has been proved in the Eagle or shallow sand by a well just com- |plete there with an output estimated at 20 barrels, ‘The b.t reached the top of the sand oll to raise about 200 feet in the cas- ing. | This is said to be the first well in that part of the state in which pro- duction has been developed in the Eagle formation although it has been a producer of gas in the northern part for some time and will probably result in considerable drilling with the coming of spring. Navajo Council Meets HOLBROOK, Ariz. Dec. 5.—The Navajo Council, consisting of 150 Chiefs of the 35,000 Navajo Indians was held at the Shiprock Indian Agency yesterday at which oll leases on the reservation were considered although the result of the conference has not yet been announced. "This was one of the most spectacular and important councils ever held by the tribe with representatives of some of the largest ol companies and May- ors of several western towns in at- tendance. Experts‘from the bureau of mines are cementing the Midwest Refining well on the Navajo reservation on section 119-29-166 which at last re- ports were producing 800 barrels from the sand at 781 fect. q Producers & Refiners corporation ts {} building a rig on section 131-14 and {| with the present progress: maintained will soon be ready to spud in. New Well in Kevin The California-‘Smoke well on the southwest quarter of the northwest quarter of section 2'-35-2 in the Kevin- Sunbrrst field looks like a good pro- ducer with 800 feet of oil in the hole which came from the sand at 1413 feet. Production was encountered after penetrating the sand a distance of eight feet. Test Started at Holbrook A test has been spudded in on sez tion 21-17-20, about four miles from SWAN UNDERREAMERS & 1922. (SEAL) ROBERT D. CAREY, President, State Board of School Land Commissioners. A. BAKER, Commissioner of Public Lands, Secretary. Publish Nov.’ 21 ! and 28, Dec. 5} and 12, 1922. J Gootyear ‘Tire, 8s, 1931 Goodyear Tire &s, 1941 Grand Trunk Ry of Can., 76 Trunk Ry of Can., Grand 6s - Grea: Northern 7s A Great 5 13s Mo., Kan, & Texas, new ad. A New York Central deb., 6s Northern Pacific pr len, 4a Oregon Short line, ref., 49 Pacific Gas and Electric, 58 Penn. R. R., gen, 65% Reading. gen 4s <. Standard O41 lof Cal, deb, 7s Union Pacific first, és U. 8. Rubber, U. 5, Rubber, Utah Power and Light, ‘bs Western Union, 69 Westinghouse Electri 101 100% 98% 98 9435 CHANGE IN LARGE GIL GOMPANIES OPERATING IN SALT GREEK LEADS TO MERGER James Owen and Max W. Ball Now at Head of Glenrock, Marine and R. & P.—Believed to Be First Move in Toward Large Organization As the result of a series of meetings Just concluded in Casper, control of the Marine and Glenrock O!1 com- pantes and Roya'ty & Producers Cor- poration, known as the Taylor inter- NOTICE OF SALE OF SCHOOL LANDS Notice is hereby given that pur- suant to law and at the order of the State Board of School Land Com- missioners, the Commissioner of Public Lands will, on the 20th day of December, A .D, 1922, at 10:00 o'clock A. M., at the front door of the Court House in the City of Casper, County of Natrona, State of Wyoming, offer for sale at pub- lic auction and sell to the highest! bidder lands: All section sixteen (16), town- ship forty (40) north, range eighty- four (84) west of the sixth prin- cipal meridian, containin, 640 acres, more or less. A. P. No. 3354 Buffalo Creek Live Stock Company. The appraised value of the sur- face right of each parcel of said lands is $13.33 1-3 per acre, and the said lands will not be sold for less than three-fourths, of the appraised vNuation and not less than $10.00 Per acre, The said lands will be sold sub- ject to the term and condition that the purchaser, or purchasers, there- of upon receiving title shall recon- vey to the State of Wyoming all mining and mineral rights in and to said lands, including the right te prospect for, mine and remove any and all minerals and coal from said lands. The highest bidder is the bidder who offers to pay the highest price per acre and to reconvey to the State all minerals and coal existing or found to exist in the land, to- gether with the right to prospect for same. The said lands will be sold upon the following terms: Not less than 10 per cent of the purchase price to be paid in cash at the time of sale, and the balance in not to exceed eighteen equal annual payments with interest thereon at.the rate of 4 percent per annum, provided that all such purchase price may be the following described paid at the time of sale, or subse-; quently at the option of the pur- chasers. The cost of this advertisement must be paid by the purchasers of the lands. Any improvements on the lands must be purchased by the purchasers of the lands, either by private agreement with the owner or at the appraised value fixed un- der the authority of the Board. The said lands will be sold sub- ject to all legally established or granted rights of way under the Jaws of the State of Wyoming or reserved to the United States and subject to any vested and accrued rights of any ditch company, or any persons, owning any ditch or ditches on, or passing through any part of said lands and’ subject to the right of the proprietor of any vein or lode to extract and remove his ore therefrom, should the same be found to penetrate or intersect the premises hereby granted, as pro- vided by law. The Board reserves the right to reject any and all bids offered at the said sale. In Witness Whereof, We have hereunto set our hands and caused to be affixed the Seal of the Board this 15th day of November, A. D. this 15th day of November, A. D. 1922... (SEAL) ROBERT D. CAREY, President, State Board of School Land Cemmissioners. A. BAKER, | Commissioner of Public Lands, Secretary. cember 5 and 12, 19 Publish Noy. 21 and 28 and De- ests. has passed to James Owen and Max Ball of Denver and their eastern associates and while no statement is obtainable at present it ts belleved that this will eventually lend to the merging of other interests and tho formation of one large organization which will include producing, trans- Portation and refining in its activi- ties, ‘These three companies cantrol some of the most valuable acreage in south- east Salt Creek which can be brought to enormous production with further development, in addition to Interests in most of the active fields of the state an@ in Cat €rsek Montana. * Max W. Ball, the newly elected President of the companies {s also president of the Western Pipeline company which reoently completed art independent ilne to Salt Creek and it is supposed that this line will enter into and be 'a part of the new com- |pany when organized. Following are the officers of the companies as elected at the meetings just held: Marine Oil company, Max W. Ball, president, Robert G. Taylor, vice president, L. F. McMahon, sec- retaary-treasurer; James Owen, I. N. Clay, W. O. Merryweather and George T. Bradley, directors. Glenrock Oil company, W. Baetao, Glehrock Oi! Company—Max W. Ball, president; Robert G. Taylor, vice president; G. R. Hagens, vice pres!- dent; L. F. MeMahon, secretary: |treasurer; James Owen, H. B. Dur jham, G. L. Ferguson, W. 0. Merry, | weather and George T. Bradley, di- j rectors. Royalty & Producers Corporation— Max W. Ball, president; Robert G. Taylor, vice president; E. F. Pan jdolph, _ secretary-treasurer; James Owen, W. O. Merryweather, George T, Bradley and Robert K. Staley, di- rectors. When interviewed regarding the matter, Judge Owen said: “Tnis is purely a personal deal on behalf of myself and a group of New York as- sociates. It is not connected in any way w’th the Salt Creek Consolidated or with any other company with which I have heretofore been con- nected. A. group of us desired to as- j#0clate ourselves with Mr. Taylor in ;the management and development of these companies, and through the deals made last Friday and aSturday this has been arranged very happily jand satisfactorily to all parties con- cerned.” Mr. Taylor, the man who has been responsible for the up-building of these. compan'es and their success, stated in Casper today: “The deals made with Judge Owen and his associ- ates assure the three. companies of adequate capital for development pur- poses. his is the end toward which )I have been working for a long time, and I am pleased over the arrange- | ments which have been made. I have | been able to assure myself positively, | that neither the Midwest Refin’ng nor any other company of the Standard {ON Group participated in this deal; jand that the Glenrock, Marine, and R. & P. companies will be able to con- | tinue the policies which they have al- | ways followed.” *~ SWAN