Casper Daily Tribune Newspaper, July 15, 1923, Page 7

SUNDAY, JULY 15, 1923. Regu made with a view to eliminating all adversé criticism and eliow all com panies to make a fair showing. ‘The percentage of crude oil accept- ances from producers by purchasing companies will be established by this test, which is the second complete run of the field ever authorized, the first having been made in December, 1921. Since that time pro rata accept- aness have been based on the results ebtgined except in the case of wells pe recently completed or which fallen off greatly in production. ‘The test will go a long way toward determining the future of the Salt Creek district, as it will furnish com- parative data on production that will be valuable in computing the life of the wells. The claim that Salt Creek wells are the longest lived in the world has never been disputed by those familiar with the operation of the wells. Rules and regulatons for the test as finally decided upon by the com- m follow in full: The undersigned committee, con: sisting of one representative from each of the pipe line companies serv- ing the Salt Creek field, and appoint- ed for the purpose of taking charge of the fortheqming test of the wells in the field, met in Casper on July 10, 4 again on July 13. The following regulations to govern the test were adopted: 1. The entire fleld will be divided into three (3) zones, the boundaries of which are shown by the accom- panying map. The test for the south zone will commence July 16 and end for the middle zone will com- ee July 26 and end August-1; and for the north zone will commence gust 3 and end August 11. “s ‘The south zone will be divided into four (4) gauger districts, and the middle and north zones will be di- vided into three (3) gauger districts each. %. The gauging in each gsauger district will be done in the presence Oil and gas prospectors permits re- cently issued by the state are an- nounced as follows by C. W. McWhin- pie, state land commissione A. yr, Casper, all of 36-38-61. c L. George, Worland, all of # Frank Jorden, Cheyenne, SE%; %; NW% SW; W% NWK foward M. Geary, Cheyenne, all of 36-34-71 M. V. Askwith, Casper, all of 36-61. Mareellus P. Steele, Lingle, all 86-25.63. th M. Johnson, BW of 5-25-92, Bert ¥. Peck, Saratoga, all of 16- 16- ot Saratoga, 20-79. Arthur K. Lee, Thermopolis, all of 36-44-92. of REGULATIONS FOR OIL, FIELD TEST OUTLINED Basis on Which Crude Oil Acceptances Will Be Made To Be Determined by Complete Test of Wyo- ming’s’ Premier District lations covering the complete test of Salt Creek field production scheduled to start this week call for a seven-day test-of every producing well in the field, beginning with rnus on July 16 and ending August 11. test outlined by the pipeline committe Salt Cregx Producers Conservation Oil and Gas Prospectors’ ___ Leases Issued by, the State Claude N. Palmer, Casper, all 16-34-82. ‘With over 15 miles of the 22-mile 6-inch pipe line of the Fargo Oil y extending from the Poison Spi jouth Casper Creek district completed and the ditching machines the end, it is expected that the main line will be in readiness for operation by the first of the coming month. A second ditcher was placed in operation during! the past week and every effort is being made to carry the job to a quick completion. The pumping stations at the field and at midway are more than halt erected and crude should be running through this line some time early in August when the company will begin Ol flelds of the Rocky Mountain district continued to maintain big Production records during the week uly 7, as shown by statisti line runs, but the daily aver- 20, when the ) total reached the record mark of 185,746 barrels. The decrease was mainly in the Salt Creek field. A comparison of runs from all dis triets for the two weeks named fol- lows: 4 Fields * July 7 June 30 Balt Creek 93,830 97,860 Teapot -... 4,150 4,350 Big Muddy - 4,000 | Lance Creek 700 Pilét Butte Lander ... 6 Lost Soldier - ese Denali « Fargo Oil Line to Poison Spider Nearing Completion Pipeline Runs Show Slight | Decline Under High Record fo was 2,735 barrels less than for) A A A} yArrangements for the © and approved by the committee have been of a party assigned to that district end composed of one representative from each pipe ne company, On each lease the gauging will be done by the representative of the pipe Une company by which the lease is served, and witnessed by the other five representatives in the party. 4. On the first day of the test in each zone, stock will be taken on each lease. Thereafter, on each suc- cessive day during the test, the tanks on each lease will be gauged. On the eighth day, stock will be taken again. The difference in stock on the first and eighth days plus the total amount of of! run will determine the rating for the seven day périod. 5. The gaugers will visit each lease as nearly as. possible at the same time on each day. 6. Wells will be tested in their Present condition. Where it is pos- sible to test wells individually, this will be done. Where one or more wells are connected with a battery of tanks, the battery will be tested. 7. The entire test will be conduct- ed under the supervition of the pipe line committee, and the results will be certified to by each member of this committee, by leases or tracts as the same appear of record. 8. While any one of the three dis tricts is being produced 100 per cent, the two remaining districts will pro- duce at the present pro rata of 40 per cent of 85 per cent of last 100 per cent test. 9. Each party of gaugers may make at any time a special investi- gation of any wells being tested, so that the members of the party will be able to assure themselves of the source of the oil being run. The Midwest, Illinois, Western, Central and Sinclatr pipeline com- panies are co-operating in handling the crude from the test, which is ex- pected to equalize production taken from the numerous operators and probably will result in announcement of a larger percentage of acceptances from the field as a whole, 0 1 t 1 ps L | Allied Chemical & Dye American Car & Foundry American Smelting & Refg ——— American Sugar --.-.. Baldwin Locamotive - Baltimore and Ohio Bethlehem Steel Cerro de Pasco Copper - Chandler Motors Cheeapeak: = Chicago and Northwestern _. Chicago, Mil and St. Paul pfd — Chicago, R. I. and Pac. ...__._ Chile Copper -...... Chino Copper —_— Consolidated Gas Corn P; Kelly Springfiel Kennecott Copper — Louisville and Nashville Mack Truck —-. Marland Oil Maxwell Motors B Middle States Ott Missouri Kan and Tex new Missour! Pacific pfa New N. Nort Northern Pacific Pacific Ott aramreeceda Pan American Petroleum B _. Penpsytvania People's Gas Southern Pacific — Southern Railway Standard Oil of N. J. Studebaker Corporation Texas Co. .. Tobacco Products A Transcontinental Of Union Pacific United Retail Stores U. 8. Ind. Alcohol United States Rubber United States Steel Colorado Fue! and 1; Montana Power ~ National Lead New York Stocks merican Can merican International Corp -. merican Locomotive --.. and Ohio —_ General Electric General Motors - See Northern pf@ -__-_..__ 65% bi 18% ulf States Steel nspiration Copper nternational Harvester int. Mer Marine pfd nternational Paper nvincible Oil Limo Locomotive York Central . N. H. and He ‘olk and Western fhe Casper Sunday wWorning Cripune TRADING IN Oil Securities Boston Wyoming ---- Buck Creek STOCKS AT LOW EBB IN WEEK Saturday's Brief Session Marked by Upward Trend in Prices But Interest Is Only Languid; Wall NEW YORK, July 14.—The narrow trading area in which Burke ... ee | Blackstone Salt Creek .2! . oe sae, Mad Cube ae . Street Is “Waiting Columbine -.--.....-- .10 Capitol Pete -........ .00% fa gr cag Royalty 1.23 ich ... —— BE. T, Willams while opening stronger failed Gates sales approximating 200,000 shares. The volume of sales during the week was the smallest of any week this year. Wall street appeared to be in a watchful waiting mood pending more definite indications of the trend of business this fall, and of the out- come of the German reparations situation. Foreign political and eco- nomic developments, which apparent- ly had been disregarded for many Lance Creek Royalty. Lusk Royalty -.--.-. Mike Henry -. view of another season of big ha vests. A sharp drop in wheat prices which carried the nearby months to leas than $1 a bushel, was one of the out Borel. & Projucers — oe weeks as market factors, again came UNSC owen mmen | to the fore with increasing attention Tom Bel! Royalty ---- .01 being paid to our export trade in Western Exploration _3.72 Wye-Kan Western Ot] Fields Western States - Y ou 08 New York Curb, Closing 0} Standing features. Behe eS cone creo)? Bulla intersate, ioterossted the Glenteok: Ol 86 dullness of the stock market to the Salt Creek ‘Prda. 16.62 fact fhat forced liquidation had’ been Salt Creek Cons. 8.50 completed. and that professtonat New York Oil 8.00 shorts no longer found {t profitable Merine — to operate on the short aide. The bears, however, Were encouraged by the fact that, with selling pressure removed, operators. on the long side Mutual §. O. Indiana - Cities Service Com . Third 44a Fourth 4% Livestock CHICAGO, July 14.—Wheat, Chicago Price, a . grains and provisions shared in the CHICAGO, July 14. (U. 8S. Depart- ment of Agriculture)—Cattle — Re. ceipts 1,000; compared with week Beef steers and yearlings gen steady; extremo top matured _ steers ing during the last week which car- ried quotations to pre-war levels. All deliveries of wheat reached the lowest price record for any July since 1914 Willys Overlang —. American Zinc, Lead ani Butte and Superior —__ ron Bus Shattuck Arizona George H. Voorhees, Pinedale, SEK of 19-28-95; SWiK of 20-28-95; NE% of NW of 26-28-95. D. A. Preston, Rock Sprini 36-27-96. ‘0. Ramsey and Bertram N. Casper, all of 36-45-7: C. MeB. Smith, Denver, all of 16- 39-79. M. W. MacDougall, Denver, all 36-24-91 Minnesota Western Oil Co., Minn eapolis, Ey NE; SH%:; W% of 1 87-94. Ernest Marquardt, Casper, 16-35-65. O. Guthlin, Douglas, SW% 96. N. B. Johnston, Rawilsn, all of 16- 22-85. WwW. K. Mylar, 16-20-31. ‘Herman C. Kelser, Casper, all of 16-39-68. Otto Crown, Cheyenne, all of 21-61 all of Boal, of all of ot Cheyenne, all of 36- delivery on {ts contract-to the Mid- west Refining company. Cement has set in wel No. 28 on section 3-33-83 and a test will be made tomorrow after which drilling will be continued. No. 24 is drilling in the Dakota a’ 640 feet. ‘This sand will be cased o as soon as the stratum is penetrated. No. 27 is drilling at 1,310 feet and will probably be cased on Monday to the top of the Red Beds. The water test near midway sta tion is drilling at 1,810 feet. The second water horizon which was e: pected at this point at around 1,000 feet has not yet been reached with the. drill. Rock River .. ~ 4,100 4,225 Grass Creek -.------= 5 335 Hamilton Dome ~. 290 450 tlk Basin —. -- 1,750 1,975 reybull 196 180 Osage 1,010 945. | Ferris -. 285 260 Cat Cree! wor----= 6,535 6.200 | Kevin-Sunburst 985 \ Miscellaneous --. 620 Totals 135,745 Cotton NEW YORK, July 14.—Cotton spot, middling, $28.00, quiet; a tnt Al EN a pct Buckeye Continental re 8.0. N. Grass Creek Ib. =e --- 205 we tee enn --------- = 80 Mule Creek wnn-—ononeen-onnnmno Bunburst New Giant Plane To Go On Maiden Flight Tuesday —_— DAYTON, Ohio, July 14.—The gov- ernments new Barling bomber, super- dreadnaught of the skies, will be sent into the alr on its maiden flight Tues- is of the United aerial warfare, is the largest heavier than alr craft ever built. Its bulk of 40,000 pounds will be driven by six motors of 450 horsepower each. — Famous Fireman Inventor Dead KANSAS CITY, Mo., July 14,— George C. Hale, 73, internationally known inventor of fire fighting ap- paratus, dled at his home here today from heart disease. Hale toured America and Europe at one time with “Hale's Fire Fight ers,” & group of trained firemén, giv- ing exhibitions, numerous strings $11.00@ $11.40; beat long yearlings $11.35; she stock unevenly 35 to 7c higher; spots more on beef heifers; bulls 50c@$1.00 higher; veal calyes losing most early and the delivery of September drop: ped to an extreme of 98% conts, far below the dollar mark. The close in the week's trading was still uncer- tain with favorable crop reports still exerting a depressing influence on the demand. Arrival in Chicago of the first of the new 1923 crop, together with stop- page of a scare about possible damage by black rust had much to do with the collapse of values. Compared with & week ago, wheat this morning was 3% to 3% cents lower, corn at % to 4c advance, oats % to % cents off and provisions 10 to 37 cents down. It was in a sudden flurry near the close of one day’s trading that the wheat market first tumbled as low as $1 a bushel. Dealers became im- bued with the idea that an unwelldy influx of new winter wheat here might take place, inasmuch as Chi- cago had of late been the highest mar- ket in the country. Simultaneousty, a cool wave had overspread the northwest and almost put an end to fears which had pre- valled that black rust was Ilkely to destroy a big portion of the spring crop. Hasty selling out by owners of wheat left the market so weak that below dollar prices next day were Anevitable. Rallies which subsequently took place in the wheat market were ap- parently lacking in force. traders contended that this largely due to recent legislation in- tended to regulate exchanges. In- stead, the effect of the legislation was said to have been the paralysis of the greater part of speculative demand that in the past had carried at har- vest time and at other critteal junc- tures the burden of as much ag 100,- 000,000 bushels of wheat. Scarcity of old corn with damage to the new crop in Texas and Okla- homa, lifted corn values and heme sustain the oats market, Provisions went down in line with hog valy The range of prices in Saturday's trading follows: Open. Wheat. July Sept. higher Beef steers $9.3 @$10.65; stockers and feeders $5.7 $7.25; beef cows and heifers $5.754 $9.15; canners and cutters $2.75@$4; 1 calves $10.75@$11.75. Sheep—Receipts 2,000; today's _re- ceipts mostly direct. For week: West- ern run 183 cars; largest of season; compared with week ago: Desirable fat lambs and culls 25 to 50c lower; sheep steady to strong; closing top western lambs $15.25; natives $14.75; culls mostly — $8.00@$8.50; medium handy weight ewes $5.00@$6.2 weight upward to $7.00; @$4.50; western feeding lambs $12.00 @$13.00; prime natives $9.00@$9.25 Hogs — Receipts 12,000; uneven; opened steady to 10¢ lower; closing mostly 10 to 25¢ lower; bulk 160 to 240 pound avernges $7.40@$7.55; bulk 260 to 360 pound butchers $7.00@ $1.35; packing sows mostly $5.90@ desirable pigs $6.50@ estimated holdover 10,000; top $7.60 early; heavyweight hogs $6.40 @7.40; medium $6.65@$7.60; light $6.50@$7.55; lght light $6.40@$' : packing sows smooth $5.70@ $6.25; Packing sows rough $5.60@$5.9 Ung pigs $6.2\@$7.00. Omaha Quotations. OMAHA, Neb., July 14.—(U. 8. De- partment of Agriculture.)—Hogs-—Re ceipts, 13,500; uneven, mostly 10c lower; bulk 200 to 300 pound butch: ers, $6.65@7.00; top, $%10; bulk mixed loads including packing Ughts, $6.15@6.60; largely $5.50@6.00. Cattle— Receipts, 500, with week ago: In between grades, steers and she stock, 15@250 lower: pots more on common yearlings: choice and prime grades, steady; bulls and veals, 260 higher; stockers and feeders, weak to 25c lower; closing Dulks follow: Beef steers, $8.50@10.25; dry lot cows, $5.50@5.60; grass cows, $4.25@5.75; canners and cutters, $2.25 @3.50; bologna bulls, $4.25@4.75; light veals, $9.00@10.00; stockers and feed- ers, $6.00@7.50. Sheep—Receipts, 500; compared with week ago: Lambs and yearlings, mostly §0c lower; closing top fat western lambs, $14.75; sheep, steady; feeders, around 25c lower, ‘ Denver Prices DENVER, Colo., July 14.—Cattle— Rece!pts none. Hoge—Receipts 75; quiet. Top $7; butk $7. Sheep—Receipts none. was High Low Close 1.00% 295% 1.02% 98% 198% 1.01% 98% 98% 101% 83% 76% 63% 82% 15 62% 38% 344 36 10,97 10.97 Potatoes CHICAGO, July 14.—Potatoes dull; receipts 78; on track 237; total U. 8. shipments 889; ansas Early Ohtos 2.25@2.50; Ohio sacked. Cobblers 2.50 @2,85; one car tancy 3.00; Oklahoma sacked Triumphs 2.25@2.35; 1.50@2,00. ae heated fe AT YOUR SUPPLY STORE WRiwce LOSE NO CUTTERS PoRT Butter and Eggs CHICAGO, July 14.—Butter receipts 17,087 tubs, unchanged. Eggs 21,626 cases, unchanged. Surveying and Locations Geologists, Of Experts, 01 Maps, Blue Prints WYOMING MAP AND According to the records of the Maine Historical society, the first BLUE PRINT CO. sawmill in’ New England was set up P. 0. Box 325 at what in now South Berwick, Maine Room 10, Daly Bldg, in the year 1634, other |] Oct. setback given prices in Chicago trad-| Sept, Leading |- stock and bond prices moved during the last week was un- changed in Saturday’s brief session of the exchange, languid interest being displayed in trading. Speculative sentiment to encourage outside buying although the general trend was upward and the closing firm, Domestio developments were <e- eldely mixed in character. Record ratlrosd car loadings, a decrease in domestic ofl production, higher zinc prices and another series of favor. able earnings and dividend reports were counteracted by a decrease of nearly 600,000 tons in the unfilled orders of the United States Steel Cor- Poration; reports that the “big brotherhoods” would ask for an in WOYMING’S LEADING OIL, BUSINESS AND F INANCIAL DEPART PAGE SEVEN. te MENT: Czechdsovak Rep. 8s ctfs. - Dominion of Canada Kingdom of Nor Republic of Chil State of Queensland U. of G. B. and I RAILY K. American Smelting, American Sugan, 68 American Tol. and Te 9 American Tel and Tel, col tr. Anaconda Copper, 7s, 1988 —. Anaconda Copper, 8s, 195 At. T. and San Fe Gen, 4s _ Baltimore and Ohio cv., 44s Bethlehem Steel con 6s, series A Canadian Pacific deb, 4s , CY. 6s Shicago, Mil., and St. Poul 4%s chile Copper 6s .. crease in wages above the war time scale; an investigation of anthracite freight rates, and lower lead, Penn sylvania crude, oll, sugar, rubber and other commodity prices. Call money continued easy with five percent the ruling rate, Time money was somewhat firmer with brokers paying 5% per kent for all maturities and business confined largely to renewals. Foreign exchihge rates improved after an early period of heaviness. Demand Sterling closed the week three cents higher at $4.59 5-16 while French francs showed a net gain of nearly 10 points. German marks sold relatively %la%0 were unable to bring about any size-|as low as $3.87 a million, rallied to First “ae =*"ps.47| able rally. Public interest was con-|nbove $5 and then dropped back to Resend da = 98:43| spicously lacking $4.25, First 44s - 98,31 Second 4% — 98.40 Grains and Provisions Get Sharp Setback During Week ----11.10 11.10 11.06 Ribs. 11.05 9.05 9.05 9.00 Oct. - Cash Grains and Provisions CHICAGO, July 14.—Wheat No. red 1.01% @1.03; No. 2 hard 1.01%. Corn No, 3 mixed 85; No. 2 yellow S8@88%. Oats No. 3 white 41@42; white 38% @50%4. Rye none. Barley 67@69. Timothy seed 5.50@6.50. Clover sted 15.00@17.00. Pork nominal. No. NEW YORK, July 14. changes firmer; quotations in cents: Great Britain demand 460%; cables 460 9-16; 60-day bills on banks 457% France demand 588%; cables 589. Italy demand 428%; cables 429; Bel sium demand 488; cables 488%. Ger. many demand .0004%; cables .0094\% Holland demand 39.21; cables 39.24 Norway demand 16, Sweden 4 mand 26.52. Denmark demand Switzerland demand 17.87. Spain le: mand 14.38. Greece demand 265. Po. land demand .0008%. Czecho Slovakia demand demand 97 7 %. ——— Argentine in mini are now being tested. BE has been moved in for Marine No. 6, 1.01@ Machines for the detection of the @eadly carhon monoxide gas, for yse joodyear Tire &s, 1941 Great Northern 7s A __. Montana Power is A ie Northern Pacific ref., 6s B Northwestern Rel! Tel., 7s — Pacific Gas and Electric, Penn. R, R. Gen e .. Sinclair Con Oil col, 7s Southern Pacifico cv.,’ 4s Union Pacific First’ 4s U. S. Rubber 5s __ Utah Power and Lig Western Union 61% inghouse Electric ison and Compan: Ww Marine Company. Drill Chicago, Burlington and Quincy ref., 5s A FOREIGN sin New Salt Creek Producer One completion pending, prepara- tions for starting two new wells and location for a new wildcat are out- standing developments of Marine Oil company operations during the last week. The completion expected is Marine No. 5 on section 11-39-78, Salt Creek, where the second Wall Creek sand has been reached. Marine No. 4 on the same section ts rigging up and cellar has been dug and rig material In the same field Taylor No. 3 on ection 20-39-78, has plerced the first Wall Creek sand at 2,345 feet, and Taylor No. 4 has shown production 3 of over 50 barrels a dayon a three day test after being cleaned out. Rig timbers and materials have been ordered for a new test of tho Sheldon dome in Fremont county, where the Marine took a test of @ Casper syndicate and subsequently lost the hole after both oll and water had been encountered. UN AT YOUR SUPPLY STORE LONDON, July 30%a per ounce, 14.—Bar. Money, 2 ativer, NEW YORK, July 14—Bar silver,| 68%4c; Mexican dollars, 48%c. per cent. | Br Ince rors ‘THE PIPE-FOLLOWS: | that is being proved by a dri P. O. Box 1124 INVESTORS A new syndicate is being formed forthe purpose of purchasing a tract of choice SALT. CREEK acreage There is room for a few more to get in on a ground floor pre-organization proposition. ACT, NOW For Particulars Address “SYNDICATE” ‘illing well. Casper, Wyo. Drink More Pure Water It Keeps You Young And Healthy We will place a cooler in your office, and give you a six day service: consisting of five gallons of PURE HILL CREST WATER, ICED every morning, for $10.00 per month, seven days’ service, $12.00 per month—extra five gallon service, 50 cents per day.__ Hill Crest Water Company Phone 1151