Casper Daily Tribune Newspaper, July 8, 1923, Page 6

PAGE SIX. OHIO DRILLS IN NEW. SUNBURST PRODUCER {Iwo Others Wells in Same Field Being Tubed for Production; steady Progress Reported On Many Operations in State Ohio Oil company completed another new producer in the Kevin-Sunburst field of northern Montana during the week just ended when its Emmert No. 3, section 16-35-2w, was drilled into the sand for 200 barrels output at 1,590 feet. “In the same field the company’s No. 1 Stockman’s bank, sec- tion 11-35-2w, and No. 4 Baker, section 4-35-2w, are running Creek tubing at 1,561 and 1,662 feet, re- apectively, to be made ready fo- pro- duction. Other operations of the Ohto in the Rocky mountain region show the following status: Kevin-Sunburst No. Immert, account No. 2, seo- tion 15-35-2 W., drilling at 540 ft. No. 2 Emmert, account No. 1, sec tion 15-35-2 W., pulling %-inch casing at 1,462 ft, No. 3 Larsen, section 17. Grilling at 450 ft. No. 2 Barr, section 2-35-2 W., dril- ing at 620 ft. No. 1 Halloway, section 84-26-2 W., rilling at 1,765 ft. No. 1 Sherard Dome, section 17-25- 27 E,, drilling at 2,290 ft. Rock River No. 2 Diamond, section 27-20-78, crooked hole at 930 ft. Harrison-Cooper, section 3- hing at 2,645 ft. Harrison-Cooper, , Grilling at 2,935 ft. No. 8 Harrison-Cooper, section 2-19- Grilling at 2,930 ft. No. 10 state land, section 34-20-78; rigged. No. 11 state iand, section 34-20-78; rigging up. section 2- Salt Creek No. 3, tract G, section 17-89-78; dril- ling at 900 ft. No. 4 tract ET, section Grilling up bailer at 1,490. 20-39-78; Grass No. 39 state land, section 19-46-98; rebuilding rig destroyed by fire at 1,680 ft. No. 68 Milltron, driling at 1,650 ft. Lance Creek section 20-46-9: No. 1 Thompson, section 5-35-65; drilling at 1,220 ft. No. 1 Schuiricht, section 5-35-65; rigged. Baxter Basin No. 1 Hay, section 14-17-104; drilling at 670 ft. No. 1 U. S. permit, section 22-16- 104; drilling at 1,180 ft. Elk Basin No. 13 Woods, Elk No. 3, 30-58-99; cemented at 1,742 ft. Hidden Dome No. 1 Brome, section 31-48-90; dril- ling at 2,285 ft. section Oregon Basin No, 1, section 8-15-100; running 121% Inch casing at 1,277 ft. Rex Lake No. 1 Coughlin, section 26-16-17 W., spudding in. Mahoney Di me No. 2, section 36-26-88, drilling at 1,800 ft. O’Brien Springs No. 2 Calhoun, section 2-23-87, aril. ling at 550 ft. Utah No. 1 Chalk creek, section 6-2-6 E., drilling at 1,430 ft, (Three New Producers Are Reported in Montana Field Sweetgrass O!l & Gas company has complet well at 1,500 feet in sec. tion 20. W., of the Kevin-Sun- burst field which is rated at about 40 barrels a day. In the same field the Montana Em- any is reported to have 0-barrel well on the Standard lease and the Shoshone Oil company is credited with an average outputter on section 4-35-2 W. Near Sunburst on the west side of the territory now giving up oll, the O'Haire test is reported to have struck sulphur water in the Koot- enal sand at 2,050 feet. The bringing in of this well would extend the prov- ed territory some six miles and deeper drilling may be authorized to test out the Madison lime. E. T. Pays Dividend, Issues : Statement to Stockholders E. T. Williams Of1 company made net earnings since January 1, 1923, of $139,854.75, according to the bal- ance sheet sent out to stockholders with two per cent dividend checks for the last quarter. The dividend was onehalf of one per cent larger than the previous quarter, due to an increase authorized in May. Current assets of June 15 show cash on hand of $253,215.45, accounts recetvable of $1,292,151.47, notes re- ceivable of $5,939.97 and crude ofl in- ventoried at $50,352.03, making a grand toal of $1,601,658.32. Permanent assets, representing value of leases, equipment and investments in affiliat- ed companies raise the total assets to $4,059,368.79. Current Habilittes include accounts and notes payable of $549,212.87. Sur- plus of $729,360.60, added to stock outstanding of $2,630,913, net earn- ings and reserve for taxes strike a bal- ance of $4,059,368.79. Wool Market Slow, Large Part of Clip Is Marketed Wyo., July 7.— Wool sales in Wyoming are virtually at a standstill for two reasons: First, prob. ably 75 or 80 per cent of the 1923 clip has been marketed; second, buyers now are offering prices from six to seven cents below those paid earlier in the season for the same grades of wool. The majority of present bids range from 37 to 38 cents. masters decline to accept such prices when Wyoming wool earlier in the year sold or from 42 to 48 cents, with the bulk probably moving at about 44 cents. : Flockmasters of the state, after a prolonged period of embarrassment, rapidly are getting back on their financial feet as the result of good wool prices, a heavy lamp crop and Flock-|a demand for lambs at around $10.00, Leases on Simpson Ridge Structure Are Now ‘Active Developments of the new strike in Carbon county on the Simpson Rid Dome, by the Producers & Refiners| have been mainly along the line of leasing, says Frank Taylor in the Oil City Derrick. Lands well out from the structure are in demand and all of the best parts of the dome not held by the Producers & Refiners have been taken up. The well was balled and made 40 Darrels on this test. Tankage has now been erected for a more thor. ough test and the well will be pumped for some time before being drilled deeper. e sand lies at feet and is @ clean white grit and the crude is a parafine base of good quality carrying an estimated content of | SWAN UNDERREAMERS & AT YOUR SUPPLY STORE Briocckerortr ‘THE PIPE FOLLOWS” about 40 per cent gasoline. The thickness of the sand is not known 8 the drilling was stopped in the pay. The well was started for a deep test of tne structure and when the sand was struck, it was with the 20 inch hole. This strike makes the second new fleld opened in Wyoming by the Pro- ducers & Refiners within the past month. The Enos Creek well west of Grass Creek in the Big Horn Basin opened up a wildcat structure with a great flow of gas about 2,700 feet and prospects for an oll production in the underlying sands. The Simpson Ridge discovery is about 40 miles east of the Parco re finery of the Producers & Refiners. The firm is now laying one of the longest lines in this state to supply this refinery with crude from the Salt Creek fleld and if the new strike turns out as expected, the Producers & Refiners will have sufficient crude to supply a much larger plant than 1s now in operation at Parco. uly 7.—Rutter un elpts American Car and American International Corp - American IxWomdtive --__. American Smelting and Refg ._ American Sugar ~---------_- American T. and T. 121% American Tobacco — 142% American Woolen -. 84% Anaconda Copper ---. — 39% Atchison enemenencn= 99% Atl, Gulf and West Indies -.. 10% Baldwin Locomotive -----—--. Baltimore and Ohio Yithlehem Steel —--. California Petroleum Canadian Pacific ~~~. Central Leather Cerro de Pasco Copper Chandler Motors Chesapeake and Ohio --....... 60% Chicaga and Northwestern --_ 7014 Chicago, Mil and St. Paul pfd- 31% Chicago, R. I, and Pac. -. Chile Copper -. Chino Copper General Asphalt ——---. 27 General Blectric - ——----—- 115% General Motors ---.—. - 13% Great Northern pfa . ~ 66% Gori States Steel — = 72% Ilinota Central ~ 109 Inspiration Copper = 28% International Harvester 73% Int. Mer. Marine pfd. 23% International Paper - - 36B Invincible Ol -----.. - % Kelly Springfield Tire - 33% Kennecott Capper 34% Limo Locomotive eee Louisville and Nashville —. Mack ‘Truck Marland Oil Maxwell Motors B Zidcle States Oil - Missouri Kan and Tex. new - Missouri Pacifico pfd. New York Central Northern Pacific Pacific Oil Pan American Pennryivania People) Gas ~ a Producers and Refiners Pure Oil Reading = - 1% Republic Iron and Steel 44% Sears Roebuck -. - 72% Sinclair Con Oi) - - 24% Southern Pacific Southern Railway 84 9181%--_21433333 Standard Oil of N. J. - Studebaker Corporation - 103 Texas Co. --.--.... 42% Texas and Pacific - —18%B Tobacco Products A -. 18% Transeontinental Oil 5% Union Pacific —---- 130% United Retall Stores - - 73% U. 8, Ind. Alcohol - - 47% United States Rubber -. 42 United States Steal Utah Copper Westinghouse Electric Willys Overland American Zinc Lead and Sm. - 8% B Butte and Superior 20% Colorado Fuel and Iron ------- 26% Montana Power National Lead - 110B Shattuck Arizona = 6 Ae n Standard Oil Stocks \Angio —. 14% 14% Buckeye 83 4 Continental 35 87 Cumberland ~—. - 97 100 Calena ..-..--........ 59 60% Tilinois 169 Indiana oT Nat. Tran 22% 23% 100 9815 60 Prairie Ol 183 Prairie Pipe - 92 Solar Ref, 180 Sou. Pipe -. 96 8. O. 41 8. 0. 86 8. O. 213 Ss. O. 87% 8s. oO. 280 Vacu' 44% 8. P; 136 8. O. 54% NEW YORK, July 7.—Bar 63%; Mexican dollars .48%. poieaoen se = ilitaatl silver, Potatoes CHICAGO, July 7.—Potatoes firm; receipts 37 cars. Total U. S. shipments 742; Oklahoma sacked Cobblers 2. @3.00; Oklahoma sacked Triumphs 2.60@2.80; Virginia barrel Cobblers $6.25 @$6.50. Foreign Exchange NEW YORK, July 7.—¥oreign ex- changes irregular. Quotations in cents: Great Britain, demand, 4.56 3-16; cables, 4.66%; 60-day bills on banks, 4.53%. France, demand, 5.78%; cables, 6.79. Italy, demand, 4.21; cables, 4.21%. Belgium, demand, 4.78% cables, 4.79. Germany, (de- mand, .0004%; cables, .0004%. © Hol- land, demand, 39.08; cables, 39.13. Norway, demand, 16.22 Sweden, de- mand, 26,44. Denmafk, demand, 17.53. Switzerland, demand, 17.11, Spain, demand, 14.29. Greece, demand, 2.80. Poland, demand, .0014. Czecho-Sloya- Kia, demand, 3.02%. Argentine, de mand, 34.75. Braail, demand, 10,50 Montreal, 97%. Che Casper Sunday gporning Cribune WOYMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT Cat Creek Lance Creek Osage Grass Creek Torchlight E‘k Basin Greybull Rovk Cre Salt “Creek Hamilton Mule Creek -. Sunburst Livestock Chicago Prices. CHICAGO, July 7.—(U. 8. Depart- ment of Agriculture.) —Cattle—Re- ceipts, 500; compared with week ago, most killing classes unevenely 25 to 75 higher; spots more; values now largely back to season's high time; extreme top matured steers, $11.50; best long yearling steers and year- ling beef heifers, $11.35 and $10.35 respectively; bulls, about steady; veal calves, $1.00 to $1.25 higher; stockers and feeders, firm, Week's bulk prices follow: cet steers, $9.15@10.60; stockers and feeders, $6.00@7.50; butcher cows and heifers, $5.50@8.75; canners and cutters, $2.40@3.60; veal calves, $10.00@11.00. Sheep—Receipts, 11,000; mostly dl rect; native offerings on sale uneven- ly lower; compared with week ago: Good and choice fat lambs 25 to 50c lower; sorts considered; in between grades off more; culls and sheep, steady; week's extreme top western lambs, $16.25; closing native top, 15.25; culls, generally $8.00@9.00; na- tive feeding lambs, $9.00@9.25; west- erns, 12.50; bulk fat ewes, $5.00@6.26; top, $7.00; heavies, downward to $3.50. Hogs—Receipts, 11,000; mostly 10 to 26c lower; bulk desirable light and medium weight butchers, $7.75@8,00; top, $8.05 early; packing sows, most- ly $6.35@6.75; few strong weight pigs, $7.25@7.60; estimated holdover, 3,000; heavyweight hogs, $7.00@7.80; _me- dium, $7.25@8.05; light, $7.15@8.00; light lights, $7.00@7.90; packing sows, smooth, $6.25@6.85;, packing sows, rough, $5.90@6.40; killing pigs $6.50 @7.65. Omaha Quotations. OMAHA, Neb., July 7.—4(U. 8. Do- partment of Agriculture.)—Hogs—Re- ceipts, 16,000; slow, 25@35c low bulk 200 to 350 pound butchers, $6.51 @7.00; early top, $7.25; bulk mixed grades carrying packers and lights, $6.15@6.50; packing sows, $5.75@6.00. Cattle — Receipts, 300; compared with week ago: Beef steers, mostly 25@50c higher; yearlings showing the full advance; week's top matured steers, $11.00; she stock, strong to 26c higher; spots more on light heifers; bulls, 15@26c highe: veal calves, Surveying and Locations Geologists, Oil Experts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 Room 10, Daly Bldg, SWAN UNDERREAMERS ra Pipeline Runs Show Daily | Increase, Salt Creek Up Ey SUNDAY, JULY 8, 1923. DAIRYING. MENT. Avenue. AT YOUR’SUPPLY STORE EQUITIES US. Government INDIAN LANDS Located in southeastern Oklahoma, offers an exceptional opportunity to the HOME- SEEKER or the INVESTOR. These lands are located in the fastest growing State in the Union between the greater Oklahoma OIL FIELDS and the newer fields of Arkansas where hundreds of thousands of dollars have been paid to land-owners for OIL LEASES These lands are also located in a well populated section of the state traversed by five trunk line railroads, and are near schools, churches, market towns and pipelines, and are valuable for the raising of all kinds of LIVE STOCK, FRUITS, POULTRY and They are also valuable for their mineral possibilities such as: OIL, GAS, COAL AND ASPHALT TERMS: Lands are available in 40, 80 and 160 acre tracts, at prices ranging from $6.00 to $15.00 per acre and will be sold on long yearly payments. The rules and regulations of the Interior Department do not require RESIDENCE or IMPROVEMENTS. PATENT TO THESE LANDS ISSUED BY THE UNITED STATES GOVERN- For further particulars concerning the sale of the land, call at the PRIVATE PULL- MAN OFFICE CAR located on railroad tracks at corner of Center Street and Railroad CAR WILL BE IN CASPER July 8, 9, 10, 11 and 12 CAR LOCATED AT CORNER OF CENTER STREET AND RAILROAD AVENUE Open 9 a. m. to12 noon. 1p. m. to 5:30 and 7 to9 p.m. Car Operated by the Oklahoma Engineering Gompany 5 Another daily increase in gross 615 580 | z a ei’ crude oll pipeline runs from fields in 6,870 6,525) — ; - : 5 the Rocky Mountain district is re- 4.225 4,275 Burke -----—---_--—.28 -30 | ported for the week ended June 30, 5,335 5,250 Se seat eee Blackstone Salt Creek .28, 80 | the total daily runs for the seven-fay |Hamilton Dome... 460 475} ic foes yy Chappell —-. 34 +36 | period amounting to 135,745 barreis| Elk Basin 1,975 2,015 1% 93% 94 Columbine 10 112 -|as compared with 128,575 barrels for | Greybull 180 200/French Republic. 81% 80% 80% Capitol Pete -00% _.00% |/the week ending June 23. The in-|Osage 945 985 |\Japanese 43 -~. 101% 101 101% Consolidated Royalty. 128 1.31 |‘crease was mainly from the Salt] Ferris — 260 710,Kingdom of Belgium, 97% 97% 97% Cow Gulch .. OL 02 | Creek field. Cat Creek 6,290 .6,735|Kingdom of Norway be 101% 10114 101% 13 | Following is a comparison of dally | Kevin-Sunburet atte 9 Brett es cat ep ee 110% 110% 110% 50g [runs by fields for the two weeks| Miscellaneous -.—-.. 620 575 | se. eas ands, 5i == 103% 102% 102% “ named: ne Poms a er Us 2. Ts Hwvalllaxas 4 | Fields June 30 June 23] Totals 185,745 128,575 i A biseel nar pean TR ae Gates - a= 05 06 |Salt Creek ~. 97,850 90,750 : ea te ercen. cueing. Se 102 101% 101% Kinney <—er- 2) 2 4,350 4,420 Flax Seed. American Tel. and Tel., cv., 68 ae | pee anaes Jupiter. |-——— coleer 2 Ly Mapp a 4,000 4,2 DULUTH, Minn., July 7.—Closing|American Tel and Tel col. tr., 58 bp ME Fah = Kinney Coasta’ ~--—. 26 27 JLance Creek —..-__. 700 flax: July, $2.67 bid; September, $2.37 | Anaconda Copper, 7s, 1938 eae peeing ori Lance Creek Royalty. .01 02 | Pilot Butte _. 95 100| asked; October, $2.27% Anaconda Cpper 8s, 1953 -. pt Mia Tg aig od Lusk Royalty - +01 02 ¥ 4 3 tah Soutd At. T. and San Fe gen., 4s Mike Henry -. 01 02 Baltimore and Ohio cv., 445 - Monntain & Guilt 2... 1.30 1.33. | Mostly 25@50c lower; stockers and Marine Operations. Bethlehem Steel con., 63, Series A New Wark’ C: 12,00 14.00 | feeders, 25@50c lower; closing Bulk! yrarine Ol compaens le aown 2,640 |lanadian Pacific deb., 4s — Picardy 03% —-.04% | 88 follows: Beef steers, $8.75@10.25; | toot with its Marine No. 6 om section (Cl: Bar. and Qunicy’ ref. Outwest 00% _.00% | COWS, $5.50@6.50; best, $7.50; helfers.| 7 t9 4s gait Cee Chi. Mil. and St. Paul cv Red. Bank 7.50 8.50 top, $9100; canners and ‘ reeks Royalty & Producers - 06% — .07 2.25@3.50; Nght veals, $9.00| none song tae teen rm Sunset L iti ol 02 |@10.00; bologna ‘bulls, $4.00@4.50; | 2 Ly PSs eagle | sacs ‘ 3 700 barrels daily by cleaning out,|Montana Power 5s A Tom Bel! Royalty ---- ‘01 03 | stockers and feeders, $5.50@7.25. Taylor No. 4 has also been cleaned |Northern Pacific ret, 63 Western Exploration. 3.55 3.65 Sheep—Recelpts, . none; compared| and Taylor No. 3 la down 2102 feer [Northwestern Bell Tel... 7s Wyo-Kan ~.__. 70 ‘5 _|.with wee kago: Lambs, firm; sheep, eS Own 7,102 feet: |Pacitic Gas and Electric 58 — Western Oil Fields -- .70 -80 || steady; feeders, strong to 25c higher: Fenn. R. R. gen. 5s Western States 15 17 | closing bulks as follows: Range fat Declares Initial Dividend. mare yu | Tey Beds dite Bee ate 08 ‘10 | lambs, —$15.00@15.25; week's top,| Western States Oll, under samo|;outhern Pacific ev, 4a - , ‘ 5 Union Pacific first 4s New York Curb, Closing $15.50; natives, $14.50@14.75; fed | management as Middle States and|+. §. Rubber 5s\__ Mountain Producers -$ 13.25 clipped, $13.60@14.00; best wethers,|Southern States, has declared an|Utah Power and Light 6a Mammoth --. 50.00 $7.35; light ewes, $5.50@6.00; heavy | initial monthly dividend of 1 per cent, |Westinghouse Llectric 7s _ Glenrock Oil 67 ewes, $4.00@5.00; | range feeding| payable July 31, 1923, to stock of! Witson and Co., cv., 68 — Salt Creek Prds. 16.26 record July 15. u Salt Oreek Cons 8.87 $$$ ————_—_—_—___—_—- New York Oil - 9.50 Marine 4.50 Mutua! 9.15 * S. O, Indiana 54.00 Cities Service Com. — 132.00 LIBERTY BONDS. 34s -- iy First 48 — 98.40 First 44s 98.15 Second 4%s 98.00 Third 4%e - — 98.58 Fourth 44s 98.34 ‘LOSE NO CUTTERS”