Casper Daily Tribune Newspaper, January 6, 1924, Page 9

SUNDAY, JANUARY 6, 1924 Stocks : BLACK MOUNTAIN TO SEE MORE DRILLING sibly Four Wells in Field Where Important Strike Was Made ree more wells and perhaps four,|the great Hughes discovery well in be drilled by the Utah Oil Re-|the north edge of Lost Soldier which Ing company guring the coming came in more than a year ago at the pmer on the Black Mountain/ rate of 8,000 barrels a day. The ucture in Hot Springs county, ac-| company’s No. 2-A on the same sec- ig to B. W. Musser, field su-| tion is pumping between 200 and 300 [Atendent of the company, who barrels daily—the only production in Casper Saturday. being taken from the field by the The original tesc on sec. 36-43-91,; Utah from its 160 acres of leases ich was begun a year and a half) there. , is making close to 300 barrels) Tw6 other werls were drilled on Ch black oi! daily from the Tensleep sec. 3 in Lost Soldier last fall by the a. Because oy the success of, Utah. Both of these were water well present plans are to start, Wells and have been abandoned. Oft- ruction within the next two/sets to these two were made by the ks of a derrick on the SW% sec. 3-91. This rig will be 400 feet ‘ucture from the discovery A feet north of it. p sand will be the objective. obable locations of the other two is to be put down are on sec. 31- 0 and sec. 35-43-91. It is thought Bair O!l company and the Texas Production company, neither com: pany having notable success. Whether or not the Utah O!l Re- fining company will be able to pay out on its Lost Soldier ventire is very problematical. The price paid the Hughes O!l company for its a well on sec, 35 will necessitate | leases there was $135,000. By agree- drilling of an offset in sec. 36.|ment the Hughes stockholders were his is found true there will be to get 50 per cent of produceion after ptal of five wells either completed all expenses were taken out. It is drilling on the Black Mountain| unlikely that they ever received re- beture before the end of the year.| turns from this split since the ex- starting of these two or three s will he held up until sprin; n it will be possible to build a ia to each of the new locations. it s reported by Mr. Musser that the shooting several days ago ‘well No. 1-A on the Utah's lease pense of building a camp, drilling |new wells, and furnishing the lease with needed equipment has kept the Utah busy, with production rapidly dwindling at the same time. The un- favorable findings of the company places the field back again within its sec. 2 in the Lost Soldier field,: original confines—an area which is well has turned to water and will controlled almost entirely by the Bair lore be abandoned. ‘This was or Kasoming Oi! company. IVING COST IN 1924. TO BE LOWER, CLAIM four Dollars Will Buy What Five Used to Buy, Roger W. Babson Points Out in Analyzing Provision Securities in Article VELLESLEY HILLS, Mass., Jan.}less than they were three years ago, nae W. Babson’s analysis or/but his housing and fuel costs are cost of living during 1924 is idedly cheering to the average seholder. The cost of living has always med too high and. will probably mtinue to seem too high,” says . Babson in a statement issued day, “We have envied the good d days when sugar could be bought five cents a pound, a pair of h grade shoes for: three dollars da half, and a fairly good suit of lothes for twenty dealers. Judged this basis present prices seem xorbitant. Going back about ten rs to 1913 we find present liv- e costs 72 per cent higher, that (we must spend a dollar and pventy-two cents ttoday to get what dollar would buy in 1913. “Judged on a 1920 average, how- ver, we find present living costs a more favorable light. In 1920 st two dollars and sixteen cents o buy what one dollar would buy in 1913. Since that time we have xperienced a very healthy decrease living costs amounting to twenty bor cent. Four dollars today will buy what five dollars bought in 1920. ff your income is the same as it was then you can enjoy the same stand- ra of living and have one-fifth of our money left over. “This decrease has not occurred in all items. If we examine the hings considered by the Bureau of Labor Statistics of the U. S. Depart- ent of Labor in making up thelr ost of living figures, we find that our have decreased, while two have increased during these past three years. “Food costs, for instance, have gone down about 32 per cent. The amount of food that could have been bought for a dollar in 1920 can now be had for sixty-eight cents. It is probable that the food costs in 1924 will remain about this same level. The long trend, however, is probably downward. “The next important item {s cloth. Ing, which has declined steadily from M920 with the exception of a slight Increase this last year. The total decline from a high point amounts fo nearly 40 per cent The fifty Rollar suit of 1920 can be bought to- Hay for thirty dollars and the hun- fred doliar sult may be hed for sixty dollars. “Housing is one of the exceptions the general trend of living costs nd is now a greater burden to the mily budget than it has beeen at ny time during the past ten years. entals on the average this winter re about 18 per cent higher than in 920 and about 635 per cent above © pre-war level. Housing costs jove slowly and while the high point ns probably been reached, the de- fine will be gradual. Fuel and light another item that is held up with tendency to increase during these st two years. The present level just about the same as the aver- fe for the last half of 1920. Fuel id light stil cost about 80 per cent ore than in pre-war times. ‘Furniture costs are about 23 per t below the high point and when come to the all inclusive classifi- ion labeled ‘miscellaneous’ we find t the average is almost as high| Fe pooling their leases in order to in 1920, an actual decrease of ly about 5 per cent has been made. Looking ahead into 1924 we fina it the average family man can y buy the things that cost him a usand dollars in 1920 for but it hundred dollars. His expendi- s for food, clothing and furni- » and miscellaneous items are higher. During the next twelve months the largest reduction will probably come in fuel. Housing should be slightly lower but no great reductions can he looked for. -The other items that go to make up liv- ing costs will remain at about their Present levels with a possible slight downward tendency in special in- stances. “General business activity as re- flected in the Babsonchart is run- ning at 3 per cent below normal and there is small foundation for a busi- ness boom that might send prices up again. Discussing the probable effect of this outlook for living costs on the security market, Mr. Babson con. tinued: “The four most prominent groups of stocks representing companies whose products enter into the food budget are the meat packing stocks, the fruit packing, the sugar and the biseult stocks. There is a wide dif- ference in the position of these four Sroups. Meat packing and sugar stocks, broadly speaking, are rela- tively high. The first two groups have never fully recovered from the drastic readjustment of 1920 ana 1921. The last two have been abnor- mally prosperous in the past two years and the stocks have reached record high levels and have it receded materially from those le ™ looking for bargains one would naturally pass up the biscuit ana fruit packing stocks purely from the standpoint of price, particularly so when this conclusion would be con- firmed by the trend of general busi- ness conditions. In looking beneath the surface on the other two groups one is naturally brought to the con-| © clusion that in spite of the relatively low pricé level there is little in pros- pect that would suggest any dif- ferent trend than that of the stock market as a whole. Nothing would seem to be lost by pursuing a wait. ing policy.” Cat Creek --. Osage ---. Torchlight ~ Salt Creek -~--.... Big Muddy ~-....+.--.... Mule Creek Sunburst --.. Hamilton Dome esate >a More Colorado Prospecting GREELEY, Colo,,; Jan 5.—Geo- logists of the Sinclair Oil company will examine structures in. the Keenesburg section in southeastern Weld county next week if the weather is favorable, according to in- formation which has been received here from officials of the company. Land owners of the Keenesburg- area facilitate devolopment and if geolo- gists report favorably on the struo- tures it is probable the holders will start negotiations with the company Preliminary to drilling operations, oa Sah SEND IT TO THE Bonds : PEARL WHITE LAUNDRY PHONE 1702, ——-——— 55% American T. and T. LW. 126% American Tobacco American Woolen -_________ Anaconda Copper ~~... 647% | Ty Consolidatec Gas Corn Products . Cepden Oi! ~~... Crucible Steel -. Cuba Cane Sugar pfd. .. Famous Players Lasky General Asphalt General Electric General Motors Great Northern pfd Gulf States Stee! -. Inspiration Copper .-~-. International Harvester — Int. Me Marine pfd. -.. International Paper Invincible Ofl -. Kelly Springfield Tire Kennecott Copper ~ Limo Locomotive ~~ Mack Truck Marland Oil — Maxwell Motors Middie States Oil New York Central . Northern Pacific Pacific Oil Pan American Producers and Refiners Pure O11 -.. Reading Republic J: Sears Roébuck Sinclair Con Oil Southern Pacific Southern Railwa: Standard ‘Ot log N. J. Studebaker Corporation Texas Co. ---.---. a Bessemer -~----------- Burke ----------—--- Black Stone Salt Creek ‘Chappell Columbine ------.---- Central Pipe ~-------- Consolidated Royalty Lance Creek Royalty. Mountain & Guilt - Mosher Okla New York Oil -—.—. Western Exploration Western States — .20 .08 10 NEW YORK CURB CLOSING Mountain Producers — Glenrock Oi! .. Salt Creek Prds, — Salt Creek Cons. ~ Mutual .. Cities Service Com 142.00 143.00 ———_____ Standard Oil Stocks Anglo -.-.--..--------. 16 Buckeye 16% ----—-------- 76 7 % | Continental ---_-____ Cumberland Tobacco Products A .. Transcontinental Oj] -. 4% U. 8. Ind. Alcohol — 70% Unite* States Rubber — 9 United States Steel 99% Utah Copper -..-_ Westinghouse Electric. _ Wiliys Overland “ Expert watch and jewelry repair- ing. Casper Jewelry © 5S Bite. Ohio Ot Prairie O! | Prairie Pipe - |Solar Ref. - |Sou Pipe - % |S. O. Kan Stocks Display Strength In Short Session Saturday NEW YORK, Jan. 5.—Today's briet session of the New York ex- change witnessed a continuation of the upward movement displayed Fri- day and the closing for the week was strong, with sales amounting to about 550,000 shares. Among the stronger issues were the oils, Ameri- can car, General Asphalt, Pan Ameri- can B, Producers & Refiners, Colo- rado & Southern, Davison Chemical, Magma Copper, Stremborg Carbure- tor and Great Northern preferred, which advanced from 2 to 5 points. The week was featured by some reaction in sections of the list from recent advances, profit taking being in order on the part of many profes. sional traders. This selling en- couraged speculators for the decline to increase the volume of offerings. Favorable trade news of the week which brought about the absorption of most offerings included reports of further reductions in pipeline runs, higher prices for nig iron and gaso- line and a broader market for steel and copper products. Although a decrease was shown in car leadings ‘this was not regarded as significant Grain Prices Higher at Close of Week’s Trading CHICAGO, Jan. 5.— Although wheat prices received a fractional setback in today’s short session of the grain exchange and the close was weak with May at $1.03 and July $1.06%, prices were higher by about a cent than a week ago. | rn featured grain trading during the week, scoring an advance of| about two cents, but the closins| Was unsettled with May at 75%c. General improvement fn grains was due in large part to confirma- tion of belief that stocks of wheat on the farms are unusually low] for this season of the year, the week having witnessed a falling off in arrivals. Corn was stronger in sympathy end low rates for foreign exchange were almost wholly offset by bullish factors. i Provisions displayed more activity after reaction from the holiday, Today's range of grain and pro- vision prices follows: Open ‘High Low Close WHEAT— May ---. 1.08% Jul - 1.07% Sept. -._ 1.06% CORN— May 1.07% 1.08 1.06 1.0634 1.05% 1.05% -76% 1 -78 45% 46 43% A2% 12.17 12,12 12.17 12.20 12.15 12.17 Petroleum Club Meeting to Resuming ‘activities for the new year, the Wyoming Petroleum club will meet at the court house next Tuesday evening at 8 o'clock, Much interest is centered in the program which has been prepared as an aftermath discussion of the recent annual convention of the American® Petroleum Institute ‘{n St. Louls. Speakers will be as fol- lows: A Hazlett, editor of the Inland Surveying and Locations Geologists, Oil Kxperte, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 Room 10, Daly Bidg, Be Held Tuesday Evening Oil Index—‘Sidelights and Impres- sions of the Institute Meeting.” H.. W.. Ladd, Midwest Refining company official—“Progress in ths Standardization of Oil Well Tubular Goods as Reported by the Institute Committee.” Mr. Bozeman of the Perkins Cil Well Cementing company—'Cement- ing Problems in the Salt Creek Field.” Casper Mirror Works We are prepared to take. care of any sized order. Framing and Resilvering Contractors Please Take Notice 327 Industrial Ave PHONE 1283 " - @he Casver Sunday Cridune : Markets tah Oil Refining Company to Sink Three and Pos-| American THE ADVANCEMENT OF CIV ILIZATION IT IS IMMATERIAL THIS WORLD OF WORLDS Is mind. We are its manifestations—as individuals with different expressions, for instance—the trees, the mountains, the rocks, the minerals, the plants, the flowers, and all things. BE IT KNOWN IT WAS DECREED, THAT MAN TILL AND EXPLORE THE EARTH FROM WHENCE HE CAME. OIL - - WYOMING - - OIL The Reservoir Storage House, the Drainage Basin, of the World, THE FOUNTAIN AND POOLS OF WEALTH WHERE THE UNEXPLORED FIELDS, AND PLAINS AT THAT TIME EXTENDED ONLY BARREN COMFORTS TO HUMAN BEINGS STILL WITH TWO-THIRDS of its virgin soil, yet, untapped, unexplored, that awaits capital and man. To where the nights of a thousand eyes, and the days are but one, Wyoming The Sight of OPPORTUNITY Beckons You Here If Sight of Sense Is Mind, Mind Is Sight, Satisfaction THE ANNA BELL WYOMING OIL COMPANY Gen. Headquarters Offices, 219-20 Midwest Bldg, Casper, Wyoming WHICH COMPRISES An Associated, Profit Sharing Membership of 700 Railroad and Oil Field Men, Laborers, Business Men of all kinds, Salaried and Hard Working People, WE ARE A GOING CONCERN, WOOLEY, AND WELL SHOD Active Drilling Operators, Owners of Our Own Rigs,, Complete Strings of Tools FREE OF ALL INDEBTEDNESS AND HOLD ‘ Valuable Acreage, consisting of 1940 Acres Picket Lake, Options on Drilling Permits of 10,000 Acres Scat- tered, A well now down 3100 feet, with excellent showings. THE ANNA BELL SERIES-A MEMBERSHIP OFFERINGS OWNERSHIPS 160 Acres Adjoining Production, Lost Soldier Field, Well Now Down 1000 Feet. Formations Encoun- tered Warrant Approximated Estimated Production of 5000 Barrels. ALLOTMENT FOR 100 ADDITIONAL MEMBERSHIPS PRICES $220 FOR 100 SHARES ONE PLACE ANNA BELL SERIES-A STOCK CERTIFICATES CAPITALIZATION 100,000 DOLLARS Use this passport for membership in a possible $10 to 50 Million Dollar Profit Sharing Association, WHAT AN OIL INVESTOR SHOULD KNOW e At $2.60 per barrel for oil, OPTION 1 earn in OPTIONAL-RESERVATION one year MEMBERSHIP a 08 | 100-bbl ANNA BELL WYOMING OIL 150 bbl. COMPANY S00-bbl ONE-PLACE 100 400-bbl. 500-bbl. SHARES $220.00 1,000-bbl. - 2,000,000 N OIL WELL IS WHat © CAPITALIZATION $100,000 1000 PLACES OFFICERS and DIRECTORS WILLIAM E, PATTON Pres. and Mgr., Casper, Wyo. _. FRANK J. NEFF First vice-pres., Lincoln, Nebr. CHAS. F. ALLEN Beatrice, Nebr. DIRECTORS Henry W. Archibald W. P. Matthews John W. Dingman Casper, Wyo. Chas. F, Allen .___, Frank J. Neff Lincoln and Beatrice, Nebr, HAROLD W. PATTON and Treas., Casper, PPP >>> rrp WORTH The estimated value of an-oil well is about $2,000 to each bbl. per $ 50,000 5 0} 100,000 A 1,000-bbI. is worth.-2,000,000 Above figures based on a price of WILLIAM E, PATTON $2.60 per barrel. Chairman, Casper, Wyo. REFERENCES—Any banker, bank or business house in Casper, Wyoming, Newspapers, City and Coun- ty Officials. Any bank or banker at Beatrice and Lincoln, Nebraska. WHO-EVER YOU ARE WHEREVER YOU MAY BE— My approximated estimated possibility of returns from this option membership reservation, conservatively speaking, would be from $5,000 to $250,000 dollars. If in doubt, investigate for yourself. I also wish to direct your attention to the fact that Mr. Patton, the president of the Anna Bell Wyoming Oil Co., withdrew that issue from the New York Curb in its early stage. If you want a real investment, here it is, Now ask yourself this question—“What is written on the hand, pointing at me, invisible to my eye, but clearly seen by those who think, and act. Grasp opportunity. Opportunity, master of human destiny am I, fame, fortune on my footsteps wait. THE FOREWORD Lest you forget the next membership offering will cost you more than at present. IT Is YOU WHO MUST MAKE YOUR OWN LIVING AND MASTER YOUR OWN FATE CLIP ME OUT AND MAIL TO JAMES HAMILTON LEWIS, Exclusive Financier-Underwriter, : clo General Offices Anna Bell Wyoming Oil Co., Suite. 219-20 Midwest Building, Casper, Wyoming. Issued January Ist, 1924 Void February Ist, 1924 Secy. Wyo. Special Notice ATTENTION To all associated members that were unable to attend the meeting of the Anna Bell Wyoming Oil Co., Saturday, December 29, held at the court house in Casper, Wyoming, it is of the greatest importance for you to come to the office at once, and those of you that are out of the city or state it is very important that you get into communication with your office at once—there is something in store for you of great importance. Phone 1956—Mr. Lewis, 219-20 Midwest Bldg. Office Hours 9 a. m. to 5 p. 6:30 te 10 p.m. Dear Sir: I would rather listen to a dozen propositions that I don’t want, than to miss one that I do want. Thereby exercise my option to purchase Anna Bell Wyoming Oil Company’s Series-A Place at $220.00 for 100 shares. This constitutes my order subscription option for a membership for which I enclose $220.00 or one-third— $77.383—and I promise to pay $77.83 February 1, 1924, and $77.84 March 1, 1924. In my compliance with option, it is understood by me, that these places or shares are fully paid and forever non-assess- able, and that I am now a member of the Anna Bell. Wyoming Oil Company’s Association and will share in all privileges of asso- ciated members.