Casper Daily Tribune Newspaper, November 20, 1923, Page 9

Utah To Be Scene of. | | More Oil Development spouncement of the Utah;land field-and reports that he =x company of its intent pects to spud in at once. off Tand holdings The Utah Southern was organized San Juan section has served about two years ago by George T. mpany a place among Hansen of Salt Lake and associates now interested to develop Utah's ofl resources, on the'map in a which inc'uded a test hole at Duch- intensely inter-/osne. About the.time the organiza- Proposed plan tion was affected a group of San t Francisco men, headed by D. C. the General Petroleum: corporation,|Jackling, became associated with one of the major operative concerns|the company and still are actively of the’ Pacific coast, te freely ack-| identified with it. The group in- nowledged. ,|cluded, besides Mr. Jackling, Her- Although inactive in a deve'op:! bert Flelshacker of the Anglo-Lon- ment way Jn Utah since work was don-Paris National bank, Stanley suspended et Duchesne about a year Dollar of the Dollar Steamship com- ago, the Utah Southern has been! pany; George Cameron of the Santa ring In Montana and has been ex-: Cruz Portland Cement company, and ceptionally active in @ quiet way in’ others. y At that time it was inti- the San Juan region and in other/mated that the General Petro'eum fieléy of the intermountain country | corporation was interested indirectly making a detailed study of structur-'and now it is admitted that the G. al conditions ahd acquiring promis- P. is a big stockholder in the Utah ing ‘acreage. The intemountain -Southern. leases of the company now agegre-| gate nearly 100,000 acres, jorganization of the company also Extensive holdings have been ac-| were L. F. Rains, vice president of cumulated in the San Juan region,!the Columbia Steel corporation; E. and it ts understood that the com- J. Raddatz, general manager of the pany now practically controls the Tintio.Standard Mining company; B. San Juan, Cedar Mesa and Mexican O. Jones, an oil operator of Den. Hat structures. The San Juan struc- ver, and J. L. Dougan, a practical ture commonly has been known oil operator of Oklahoma. Mr. Rains «as the East anticline and the Cedar and Mr. Jones are vice presidents of Mesa as the West anticline. The the Utah Southern, Mr. Jones a’so company’s faicreage in the Mexican serving as treasurer. Mr. Dougan is Hat or San Juan basin structure in- secretary and Mr. Hansen president ctudea the most productive of the,and general manager. old wells in that: district. {Recently the Utah Southern ac- A detalled survey of the San Juan’ quired about 75 per cent stock in- region has been under way for sev- terest in the Montana Sweetgrass Allied Chemical & Dye --.-.. 66 American - American American Can -sen= 99% Lécomotive ~-.-.:.- Baltimore and Ohio ~-.-...-. Bethlohem Stee! _.,...-.. Califarnia’ Petroleum -----.-. Canadian Pacific Chicago, Mil and St. Paul pfd Chicago, R. I, and Pac. .-.. Chile Copper ~~... Chino Copper ~. Consolidated Gas Corn Products -—.. Cosden Oil -- Crucible Steet -..----2-----. Cuba Cane Sugar pfd Identified with Mr. Hansen in the Genera] Motors ~~-..--.-.. Great Northern pf§ -—----. Gulf States Steel Iilinois Central -.... — Inspiration Copper --..-.. International Harvester .. Int. Mer. Marine pfd. -... International Paper ~ Invincible Oil. ----------..--. Kelly Springfield Tire eral months by the General Pe- company, which holds considerable|Kennecott Copper ----... tro‘oum scientific staff under the) acreage, including some production, | Lima Locomotive ----2--. supervision of the Utah Southern,!in the vicinity of Shelby, Mont. At|Louisville and Nashville und the work {s reported to be about| this time, however, the Utah South-|Mack Truck -.-------------- half completed. ne shallow well/ern is large'y an exploration con-|Marland Of] ~-.------------- bas been spudded th and two more|cern and its efforts have been de- Bre to be started this fall in the) voted more to promising prospective Mexitan Hat district, from which :t/ territory than to proven fields. is expected to obtain ofl for fuel] Montana and Wyoming prospec- and the deve’opment program in; tive: fields -have come in for some that area. The real drilling pfo-\ consideration, but more attention gram probably will not be ‘outlined | has been given to Utah. Besides the until the detailed survey has been) holdings in San Juan the company completed, has acreage in Woodside, Nequola, In the meantime, however, drill-| Crescent, Farnham, Duchesne, My- ing is to be undertaken in other) ton and Urado districts. No equip- fields. The company has acquired) ment has been tuken from Duchesne 667 acres in tHe Garland field of and it is planned to continug the test Wyoming, where. considerable gas| there next season. Developments at has been produced from the upper|Farnham, Woodside, Crescent and sands. Just now the Producers &| Nequoia during the next few months Refiners corporation on one side of; undoubtedly will influence the com- the Utah Southern holdings and the| ing’ year’s program of the Utah Ohio Ofl on the other are putting Southern, but regardless of the sit- down deep holes to test the lower; uation in these fields an agressive horizons. As an offset to these op-| drilling campaign is contemplated erations the Utah Southern expects/in the San Juan region. The com- to spud in a test hole on: its own) pany maintains general offices in ground this week. Field Superin;| Salt Lake and all its operations wi!l tendent J. L, Dougan is in the Gar-' continue to be directed from there. United States Steel ----—-.. Gold field Having Boom e's Ts Prospectors Arrive}. 22 = ia Salers ost ane eal ee et ee Shattuck Arizona ---------.. 6B Crude Market Maxwell Motors ~~~... Middle States Of] ~--.. Missouri Ken and Tex new Missouri Pacific pfd New York Central --. N. Norfolk and Western Northern Pacific Pacific Ofl -—.-... = Pan American ePtroleum B Pennsylvania People’s Gas -—---------—- Producers and Refiners -. Pure Oil. ~-.,s-~-------<----= Read ng -—----------—----- Republic Iron and Steel --.. Searq Roebuck Sinclair Con Ol -_--.-.---— Southern Pacific ------------ Southern Ratlway Standard Oil of N. Tobacco Prdducts A --.-.--- ‘Transcontinental Ofl -----... Union Pacific: +-..-...+------ ‘United Retail Stores .-.-..-. U. 8. Ind. Alcohol .---------- ‘The best news that has come out of Goldfield for a long time fs that hundreds of prospectors are camp- ed in the hills for many miles east of the old camp, and that country is being searched for minerals in ® manner that recalls the days of 1903 and 1904, when the camp's original discoveries were being made. a “find” to galvanize them into their old activity, and from all accounts this was supplied a few weeks ago. They again took to the hills and it is not improbable that before their energies flag they will open ‘up one or more new districts. Nor will the effect be confined ta the Goldfield district. Experience has shown that mineral discoveries ‘While the recent finds made upon | and~ prospecting activities are con-|Cat Creek --------------------$ . the Mayflower group may not re-|tagious. ‘The spread to practically |Eance Creek --------------.- sult in another big_mine,.they have|-all sections. It was the finds at|Osage ---------------—-------. fired the imagination and the ener-| Tonopah that brought in, Goldfield. |Grass Creek -—-.------—--- gies of the prospectors, and these}-Within a few years prospecting be-|Torehlight ------—----------~-~ are tho men who bring in the pro-| came rampant all oyer the state|EIk Basin —-. ed oS ducing . properties. For a dozen|and from Jarbridge to Olinghouse|Greybull --------------__-_-- years they have been llving in the| and from National to Bullfrog new | Rock Creek == principal mining towns of southern | districts come into operation, Salt Creet Nevada, prospecting in'a fitful way| Maybe tho present revival at Gold-|Bis Muddy ----—------------ and working most of the timo for | field will open up a new mining era. pied Goetk none eee eee operating companies. It required!—Reno Gazette. 8 we SORES ~ ap papel rome Market Gossip and Briefs On Operations in Oil Fields Bid Asked Anglo - 4 14% < 34 Thirty Clayton Tanks Up. is being made by A. C. Bayle of|Ctinental -—-.. 38 39 Thirty 80,000-barret tanks, which | Teramie, geologist.of the Union Pac- Soe ——-—-- een 1 Pett?” Cyst aa bel ne seca {fic raflroa4: In event his report|tinols ~-.ssscsscee 128 12015 ly erected end-ready for use at the |!8 favorable it ts probable an immed- Indiana -——_- $1 83 Sinclair tank farm at’ Clayton; Wyo. | fate ‘testing will take place. Nt Tran -—--.--- 20% 20% ‘The contractors are moving thelr Ne teas a ment to Texas. a "e te They neha notte sos the second Glendo Going Down Ohio Of ---L-- 61 ak ey group of storage tanks which are Because showings of gas and oil|Prairie O! now cinta constructed. are rising through the flowing water|Prairie Pipe ---------= 194 in {ts well near Glendo, the Nebraska| Solar Ref. -—------.- 176 Oll company wants to push on down|S0u Pipe -------——--- 88 Bair Of! At Bello Report comes from Rawlins that the Bair Oil company, wHich 1s the largest operator in Lost Soldier, has) moved a rig to a location on the Belle Springs structure near where the Producers and Refiners have a hole in which about 1,500 feet of oil is standing. It is prebable the Bair| will soon be active in drilling an off- set to the P. & R. test. ! Another Guernsey Rig It, is understood .that.p'ans -have been made for moving another rig en the Guernsey structure. Drilling on the first location is going ahead slowly. the work having been some- What delayed recently by a broken crankshaft. Whether or not the lost string of tools’ in this test has been passed, is not known; however no trouble is being experienced. to the Embar sand whieh It esti- mates to be about 200 feui deeper. Three weeks ago artesian water was encountered at 315 feet. At 350 fest a cap rock was hit and after it had been penetrated for five feet oi! and. gas were observed to be coming up with the water. An effort will soon be made to shut off this water so that drilling may be carried down. 8. O. Kan ----.--. New Company on Mahoney - Recently-organized ir -Rawiins ot Rawlins men, the Producers Ol! and Gas company now hes a rig, casing; and other equipment on its lease on CHICAGO, Nov. 20.-—Potatoes, the NW% of sec, 32-87-25 of Mahoney | about stéady; receipts, 63 cars; total Dome. . Ed.Good has been awarded United States shipments, 59 the drilling contract which calls for| consin sacked round whites, U.. 8. a bofius in case the hole ts put down} No. 1, 85¢@$1.06 cwt.; bulk, 95c@ in 50 days or less. $1.10 cwt.; poorly graded, sacked The location of the new well is| and bulk, some frosted, 75@85c cwt.; about 600 feet from the gasser brot| Minnesota andgNorth Dakota, U. 5. in recently by the Producers and| No. 1 and partly graded, sackea’ Refiners. This P. & R. well was| Red River Ohios, 90¢@$1.00 cw dril'ed into ‘the Dakota sand at 2,125, sacked and bulk round whites, fet and is 400 feet higher’ on the| 85c@$1.00 cwt.; Idaho sacked Rus structure than other wells on the . S. No. 1, $1.85@1. structure. eee ee Cc. E. Bivens ts manager of the FLOUR. Gering Geological Investigation Producers Oi! and Gas company and An invgstigation of supposed oil} has-associated with him R. O. Keyes land im the vicinity of Gering Neb.,| 4 Kansas operator. Rawhide Test to Resume Controversy over leases has been amicably settled and work» on the Rawh{de wol! 39 mi'es east of Guern- sey will be shortly resumed, accord- ing to the “latest.” ‘our unchanged. Bran 27.00 @ 0. “ce ‘4 Bonds : MINNEAPOLIS, Minn., Nov. 20.—| bea Stocks een | @y Witsen, Cranmer & Company) LWCAL OIL STOCKS ~ Sid Asked Chappell = Columbine ~....--.--. Central Pipe Line ---. 1.85 Consolidated Royalty. 1.16 Kinney Coastal - Lance Creek Royalty. .01% Marin @ camsascecescoee 145 2.10 Mountain & Guif -. 1.14 1.16 New York Ol ~-.--..8.90 9.00 Pirardy -.----------. .04 ‘3 Preston” -—---. we- 00% 01% Red Bank -.--..----. 2.00 3.00 Royalty & Producers - .06 07 Sunset aeenweeceson 103 x Tom Bell Royalty 02 x 4. 16 10.12 8.50 3.75 PEASE = | ae NEW YORK CURB CLOSING Bid Asked Mountain Producers ~ 13.87 14.00 Glenrock Of Salt Creek P; Salt Creek Cons Mutuak 8. O. Indiana Cities Service Com. 60 =p 134.00 Livestock Chicago Prices. CHICAGO, Nov. 20.—({U. 8. Do- partment of Agriculiure.)—Ho; Receipts, 44.000; mostly 10¢ higher: bulk good and choice 200 to pound butchers, $7.00@7.25; top $7.30; better grades 160 to 190 pound averages, mostly $6.60@6.95; bull packing sows, $6.50@6.75; good 2 choice weighty killing pigs, $ 6.00; heavy weight hogs, $7.00@ medium, $6.95@7.25; light, $6.50@ 7.75; light Ught, $5.75@6.75; pack- ing sows, smooth, $6.50@6.85; pack ing sows, rough, $6.25@6.60; siaugh- ter pigs, $4.75@6.10. Cattle—Receipts, 14.000; very slow: killing quality slightly improved; few early sales fed steers and year. Ungs and better grades fat she stock, about steady; market now tending lower; $12.50 asked for strictly choice handy weight steers: $11.50. bid. on. choice-weighty kind: few early sales short fed yearlings and matured steers, $7.25@9.5 nd cutters, easy; bull 25¢ lower; packers buying at $8.00@8.50; outsiders up- ward to $9.00 and above; stockers and feeders, generally steady. Sheep—Receipts, 13,000; mostly steady to 10c higher; spots up mo: Pers and city butchers fairly ac tive buyers of desirable fat lambs at $12.35@12.50; several loads at top; packers bidding steady; little doins on sheep and feeders. Omaha Quotations, OMAHA, Neb., Nov. 20.—(U. 5S. Department of Agriculture.)—Ho; —Receipts, 6,500; active on better grades, 10@20c higher; mixed londs and packing grades; bulk good and choice 200 to 825 pound butchers, $6.80@7.00; top, $7.00; mixed loads carrying packing sows and lights $6.35@6.70; packing sows, mostly $6.20@6.30; average cost yesterday, $6.44; weight, 261. Cattle—Receipts, 7,000; fed steers and yearlings, generaly steady; bull, $7.25@9.00; good long yearlings $10.00@10.2 she stock, slow, steady; grass cows and heifers. $3.25@5.00; canners and cutters, 2.25@8.00; bulls, steady; western bolognas, $2.75@3.00; veuls, mostly 25c lower; top, $9.00; stockers and feeders, steady to strong; bulk stock- ers, $5.00@6.50; feeding steers, $6.25 @T.25; early top light feeders, $7.50; late top Monday, $7.70. Sheep—Recelp*s, 16,000; lambs, 25 @b0c lower; bulk fed wooled lambs. $11,50@11.70; top, $11.75; sheep, firm: wethers, $8.00 down; ewes, $6.05, down; feeders, 25c lower; bulk feed- ing lambs, $11.50@12.00; top, $ 2.25. Denver Prices, DENVER, Colo., Nov. 20.—(U. 8. Depattment of Agriculture.)—Hogs Receipts, 3,300; uneven, mostly 15¢ higher; top, $7.20 paid for choice 216 pound averages; bulk 180 to 230 pounds, $6.75 to $7.10; few odd lots down to $6.60; one mixed load carry ing packing sows, $6. packing sows, steady, mostly $5.75; fat pigs, eady; few $5.75; stock pigs, stron, mostly $5.35 to $5.50. Cattle—Receipts 1,500; calves, 200; stockers and feeders, steady to strong; several loads feeders, $6.50 to $7.25; Wyoming yearling stockers $6.90; other classes fully steady best cows, $4.75; many gales $4.00 to $4.35; top heifers, $ canners. mostly $1.75; common to medium calves, $4.00 to $7.00; medium stock calves, $5.00 to $5.75. Sheep—Receipts, $7004 slow, not fat lambs sold early; opening sales sheep and feeding lambs, steady; three loads fat Colorado ewes, $5.40; feeder ewes, $5.40; few decks 55 pound Colorado feeder lambs, $11.25. CHICAGO, changed. Eges, ses, Noy, 20.—Butter, un unchanged; receipts, 2,015 ve Casper Oaily Trioune s QUOTATIONS BY LEASED WIRE ‘PAGE NINE. PROHT TAKING | WHEAT RALLY HALTS OTOGKS) 15 GUT SHORT Upward Trend In New York Trading Checked by Heavy Sales UNITED STATES BONDS Decline Follows Dental of U. S. Relief Work In Germany Liberty Second 44s -----.----------------------- Liberty Third 4X5 - Tiberty Fourth 44s U. 8. Government 4%e NEW YORK, Nov. 20—Profit tak- Ing sales as a renewal of bear selling halted the upward movement of prices in today's stock market. Bald- win sold off on an official dental of reports of'a Special dividend distrib- ution and weakness again deve'oped n the leathers, which touched new lows, and in some of the low priced alls, especially the St. Paul issues. CHICAGO, Noy. 2 based on. denials that the United States goverhment was contemplating re- Nef work in Germany led to & decline in wheat prices today after an earlier advance. The close was easy, % to %c net lower, December 1.02% to 1.02% @%, and May 1.08. Czechoslovak Rep. Ss, ctfs Danish Municipal 88 A ... Dominion of Canada, 59, 1952 ~~... French Republic 3 Japanese 4s Kingdom of Belgium Kingdom of Norwa: Rep. of Chile 88, 1946 ales approximated 9$$,$$$ shares. | crrcAGo, Nov. 20--Owing large. Btate of Queensiana ts = NEW YORK, Nov. ' 20.—8tock | ¥ t® Vasspeqted brenygencs $ Livery ; RAILWAY 7 prices continued their move to| POO! “quotations, the wheat market | American Smelting 58 ----. here tended upward today in the early dealings. On the basis of altered rates for sterling exchange, American Sugar 65 American Tel and Tel American Tel and col. higher ground at the opening of to- day's market {in further reflection of the turn for the better in the ev., és tr., 58 ..-.n-<0-. Anaconda Copper 7s, 1938" __- foreign political. news... Baldwin December delivery of wheat at ‘Anaconda Copper a, 1963 = é Liverpool showed an advance of 1% hae) beng again led the advance, opening a At. T. and San Fe., gen 48 -—- point higher at 129% a new high | ‘0.2% ® bushel compared with yee- | Baitimore and Oh:o cv., 4148 cat ay ol a 5" | terday’s close. Buying of all future | pethiet, - re sexel on the movement. Utah Cop- | deiveries ere Increased as & result. helt beats eS per moved up 1% on reports of im- | 2cl!¥ Canadain Pacific deb., 49 -—.... The opening, which ranged from % to %4o higher, December $1.02% $1.02% and May $1.08% to $1,08%, was follawed by slight further gains. Subsequently, demand dwindled and many traders turning to the selling side the gains were more than wiped out. Corn and oats were firmer with wheat an@ as a result of compara- tive smaliness of corn arrivals. After opening % to %c up, Deeem Je positions. a for stocks embraced st with the equipments giving the best demonstration of Pp strength. Rails continued to somewhat behind the industrials hough E Four advanced 4% were registered by core of stocks, includ Motors A, Woolworth . Schulte, Lima Loco- Pullman, Day Chicago Burlington and Quincy ref. Chicago, Mil and St. Paul ev., 4 Chile Copper és ~ Goodyear Tire se, Great Northern 7 Northern Pacific ref.. Northwestern Beli Te! Pan: Union U. S. Rubber 68 Southern Pacific c B 1B aun “ ‘ n Chemica’, . . Utah Power and Light oa : 8B BB Bl " ber 74% to TdM%e, the corn market Shoes| 19 8 Sugar preferred, Ameri. Western Union 64a eacenanvaae= (108% 108 108% Foundry company. | reacted @ little and then hardened | Westinghouse Hlectric Te ei 107% 107%, 107% Forelgn exchanges opened irregular. | “8&!"- Wilson and Co., cy., 6a .------- Favorable weather for 86 86 sé Profit taking ‘sales halted the up- rl movement in the pivotal eS around the end of the first Baldwin dropped 11 points its early high and some of the rs yielding a point or so. Amer- can Woolen was particularly heavy, falling nearly two potnts below yes- terday’s final quotation. . Expanded ng deve'oped, however, in other ecUons of the list, notably in the had a bearish cffect later. ‘The clote was weak, % to %c net lower, December .73%.to .73%. Oats started unchanged to K@%or higher, May 44c and later held near to the initial figures. Provisions reflected the firmness of hog values. Cash Grains and Provisions. Cheyenne Expects to Reap Benefits of Great Gasser nor steels, coppers and sus: CHICAGO, Nov. 20.—Wheat—No. If Cheyenne were a stock com-[ Wellington structure runs north: uvidend paving raile alco shower} 1 hata, $1,061; No. 2 hard, $1.04%@ | Pany with its shares quoted on ex-| west into Wyoming and that similar sine wale Dee etsa’ ae M red 1.04%. change boards, something astound: | outcroppings may be looked for in Superior’ Steel Amieti Dre’ _ {| Corn—No. 4 mixed, 79@81c; No. 2| ing would be happening to its| the hills west of this city. Already Bukar; Ajit Arbor redtrnd oa yellow, 80@89c. Pretty paper right now. At least,| there {s talk of sinking a hole on Market Street Feattee, dg oped Oate—No. 2 white, 44@44%c; No, | this may be surmised from an ar-|the King Brothers sheep ‘firth, Were amnone tne way | Preferred. | 5 white, 42% O4aibe. isle dealing in futures printed | soven miles out, and there {s little two polite’ on iners betore’ mat | Rye-Nb: 2, to. Saturday in the Cheyenne State | doubt that next’ spring will see -ac- Barley—59@71c. Timothy seed—$6.75@8.00. Clover soed—§15.00@33.75. Lard—$. 12.90. Ribs—$9.25 @10.25. Tribune. Tho story say: “Is Laramie county, one of the few in Wyoming that has not struck oll, at last to come into its own? “Ig Cheyenne, which all these years has looked forward to the time when cheaper fuel and like facilities could make it another Den- ver, finally to become the manu- facturing and industrial center of the Rocky Mountain region? Call money opened at 4% percent. Several active issues showed in- creased heaviness when Maxwell mo- tors A fell to 53% after selling at 58% {n the forenoon. Central lea- , common and preferred, sagged » year’s lowest. Meantime in- dependent steels, sugars and Davi- son Chemical showed increased strength. American beet sugar rose 6 points and Davison Chemical 3%. tivity all the way from that ranch to Pole mountain, some 35 miles out. “Two years ago the Franco-Wye ming and other companies started work on the Warren ranch, both this side and the other side of the Colorado-Wyoming line, but never completed it. Still earlier, a) well was dug on the Hy Andrews place on Horse creek, 40 miles northwest of the city, but no oil was encoun- Open High Low Close WHEAT— 1.02% 1.03 1.02 1.08% 1.08% 1.08% 1.07% 1.08 1.07% 1.06% 1.06% lowest possible estimate that could . that gas well, perhaps the | tered—at Teast not in commercial The closing was irregular. Con- ie Rid Mhg world’s largest, 32 miles to the south | @Wantities. Both of these enter- fused price movements took place trate 7am “rag, | of this city, going to revolutionize | Prises may be revived, now that, otf in the late dealings, heaviness of s Ey 5 the entire economic structure of | #™4 gas have been found in suck some of the Standard Industrials| O43 42% 42% 49% this part of the country? huge quantities near Wellington, being counteracted by the strength eee £ $ “Thy re “As for cheaper fuel: ‘Jack’ e questions have been raised of Lorillard, National Lend, ang| M8¥ ---- -44 44% .46 . | Keegan, local manager for the Colo- oat cectet tee: 1 suty Lo 143% 43% 43% here, following tho latest develop: rado Public Service company,. of which the Cheyenne Light, Fuel & Power company is a subsidiary, aid Friday that his concern was taking in active interest in the situation and that, if the plan were.found feasible, a pipeline would be. bullt from the well to this city. “The present price of artificial gas in Cheyenne is based on a slld- ing scale, with the average about $1.35 per 1,000 cubic feet sald Keegan. ‘Owing to the low cost of production of natural gas, together with the great volume that would be used for heating, cooking, Hght- ing and power purposes, tha rates ments in the situation that has intrigued the interest of the pee “Cheyenne men who visited the seene of operations Friday were told that 30 rigs were being rushed to that vicinity by the Union Oil com- pany in order that the leases on the adjacent farms might not be for- felted. Under the company’s con- tract with the farmers northeast of Wellington, it must start drilling operations within six months after the first discovery is made. The erection of the 30 derricks will mean unparalleled activity in that district. ‘Three tons of oil capping ap- paratus shipped from Casper was 11.90 11.95 11.77 11,77. WANTED-10)000 CONTRIBUTIONS (Continued from Page One- ns committee, explained the thod of organization which would be used in making the, drive. “W6 Have prepared our budget for NEW YORK, Nov. 20.—C money, easier; high, 4%; low, 4 4 $54,000,"" suid- Me, Chappe'l, “and x {could be and would be materially feel that it represents our best Judg-| firm; mixed collateral, 60-90 days, he, ecfoetionytias Colonia “South. | Teduced.” " ment in the matter. We could do no} 4-6 months, 5@6%4; prime commer | 01 hassenger train at Wellington| “It all will depend, he added;"ou better than we have done, and after | clal paper, 6@5% Thursday and will be trucked im-| the developments of the next few s' it careful consideration be- weeks. Such a high pressure, while it looks mighty good, might not indt- cate the true capacity of: the .well. The area of the pocket, Ing with the given flow it could be depended to produce day in and day out, and year in and year out would hive to be determined before any dne could be induced’ to stkrt such an expensive undertaking .as'a lengt! Pipe Mn ae “It 1s figured that a 350-mile tins, from the Mahoney dome. in aouth- central Wyoming to Denver, would cost $2,000,000. The size..of" the carrier from the Wellington’ well, tp Cheyenne could be much “smatler, and the distance would be less than one-tenth of the other, #o that.the cost probably would be somewhere around $1,000,000. There would be some trouble in taking care of the dips in the terrain, and it would be necessary to erect “booster” sta- at various points along ‘tho Inasmuch as the initial pres- sure, if applied all at once, would be too great for the pipe to ‘stand. But the fact that the carrier would come uphill most of the way would help, inasmuch g25, a8 overyons knows, {s lighter than alr. The site d. | of the well is about @ mile above sea level, while Cheyenne is .more than 6,000 feet—about 800 feet higher than Wellington. “If the phenomenon is ‘net’ @ freak, but rather a harbinger af others in the same district, as. moat of the oil men believe, {t means\un- told possibilities for Cheyenne and its neighbors. fatural gas has mad> and kept together many, cities that had no other appeal. It {s the magnet which draws industry of various kinds, and the city that is within hailing distance of a gaa field is assured of cheap fuel and lighting, a factor in itself that adds much to the strength of a. com- mediately to the site of the well. Twelve superintendents and cappinx experts are on their way by auto- mobile from the Wyoming fields. As soon as these men arrive, a deter- mined effort will be made to stop the waste now estimated at more than $20,000 a day. But, because of the tremendous flow and pressure, @n unusually difficult problem will be encountered. Still more ma- chinery, it {s anticipated, will be needed. Oil men from Texas, Kan- sas and Wyoming say the gusher is @ permanent one and may be ex- pected to keep up its flow for many years “Meanwhile, how about operations closer to Cheyenne? Geologists have given it as their opinion that the =a WW YORK, Nov. 20—Copper electrolytic, spot and futures hat the proportion of distri- which it represents is a fair itn it RR RE The largest’ budget {s that of the Cotto Boy Scouts, this organtzation stand- ing fo recelve $11,000. ‘This is the NEW YORK, Nov. 20.—Cotton spot, quiet; middling, 35.35. St vane Gratis FLAX. DULUTH, Minn., Nov. 20—Close flax: November, 2.89% bid; Decem- ber, 2.39% bid; May, 2.40%; January, 2.39% nominal. ‘be placed on it because of the con- tinuous expansion of the movement. ‘The money will cover expenditures for-14 ‘tnonths. Tho YW. C. A. will receive $3,- 000. This organization, {t"was point- ed out, has included in {ts work the usiness of he'ping ¢lirls who are ngers in town to cbta:n employ- iging, etc. During 9 10- mionth period, 4,173 girls sought em- apd 2,491 avero placed. om persons desiring to hire umbered 2,986. Four hun- dred and five girls were found sult able lodgings. It was explained that the Y. W.-C. A. budget has nothing whatever to do with the Y. W..G. A. cafeteria’ whic! ts o1 a self: supporting "bas!s. The Y. M. C. A. fs a state organl- zation ang has no Casper branch but many citizens are tn the habit xf contributing ‘about 32.000 yearly to the movement. Tho Community} Chest will take care of thexs con- tributions to that extent, The Girl Scouts have never be- fore asked-for money since they were supported in many of their ef- torts by local clubs. A commiasion- er has been hired to head the or- sanization this year and her en’ary WEI be pald out of the $3,000 which the’ Girl Scouts are allowed. by car East Relief will receive ‘$2,000. Many persons in Casper have been contributing to this worthy cause which has as its object | the-caring for many homeless| orphans of the Near East. ‘The Salvation Army was modest in its.request, asking for slightly ———_—_— Hatfield to Drill Again It has been tentatively decided by the Hatfield Oil company, which brought in its test of the Hight Mile Lake structure south of Rawlins last week as a 40,000,000-foot gasser, to market the gas from {ts present Well and use the to dritt another hole into the Dakota and Lakota sands on the same structure. The reported depth of the Hatfield gasser is 3,954 feet. society which has a large work to do in Casper in the way of placing orhpans in suitable homes wil! obtain $3,300. Three thousand dollars will be used to pay for the overhead ex- penses of the driye, and there wi! be a contingent fund of $10,000 to make up for any deficit that arises | from failure to collect promised contributions. If more money 1s collected for the contingent fund than necéssary it wil be placed in reserve for next year. Six teams will be placed in the field for the drive. A lst of from $000 to 10,000 Casper citizens is being prepared ag persons who should be asked to contribute to tho fund. Governor William B. Ross, a guest of the chamber of commerce today, Tin firm; spot and futures 44.25. Iron steady; prices unchai Lead steady; spot 6.85@7.00, Zine quiet; east St. Lou!s spot and nearby 6.80@6.35, Antimony spot 9.00. Sugar NEW YORK, Nov. 20.—There was @ fair inquiry for rpfined sugar and Prices were unchanged at 8.75 to 8.90 for fine granulated. Refined futures nominal. Sugar futures closed firm; ap- Proximate sales, 41,547 tons; Decem- less ‘than the $3,200 which will be| spoke enthusiastically for the com-| yer, S47; March, 445; May, 4.54 tural gas has about twice the givenuit. munity fund. Governor Ross ex: pps cee a heating capacity of the artificial The Associated Charities has! plathed that Cheyenne, with a much kind. Sold at low rates, it would taken over much of the work tha:| smaller population than Casper was attract many factories and similar Was form done by the Red Cross. | asking for $40,000. enterprises that cannot afford ta The Red Cross will receive only the Other guests from Cheyenne were buy steam coal at current prices ent of its roll Byron 8. Hui, state bank examiner; and that would, moreover, make mount to $1,000, ¥ JM. Snyder, state treasurer, and Cheyenne a cleaner.and more de téa Charities” will Katherine A. Morton, state superin- 20.—Bar silve able city through removal of the The Children's tendent of schools, Mexican dollars, 4 moke nulsance.”