Casper Daily Tribune Newspaper, January 23, 1924, Page 2

Pi Iran lue rne oye: istr: to -e WA use se tes ek hed on ist bile rhe +] lay Cc for jor d 4 re Il s Se ae | UH meta BB. Oo F282 c= &#£ SB elirPs i ey PAGE TWO NEWYORK OILS WET EARNINGS FOR YEAR TOTAL OVER MILLION) # Improvement in’ Financial Condition Continues With Reduction in Liabilities at Increase In Investment Here. Net earnings of the New York ° ompany amounting to $1,- 031,143.32 for 1923 as compared to figures of total assets and capital- ization, shown in the company’s annual statement to stockholders indicates more ent return for the and are being issued toc than an 11 per year on stock outstandir 10 per cent of the slightly th total figures of valuation Aggregate reduction in liabilities for the year is given as $740,026.01. Investraents made during the past year amounted to $291,117.31. The statement includes a report on the. development accomplished in 1923. The gas department of the company increased its local patronage in the city by 1,775 cus- tomers, or an advance of 44 per cent over the showing for the pre- vious year. To better supply its service in this city a new 6inch pipe line from the recently de- veloped Boone Dome gas field was laid 16 miles to its main line to Casper from South Casper Creek gas field. Three wells were drilled in the Poison Spider field, while a total of four were put down at Boone Dome. ‘Dpirty-nine wells were drilled dur- ing’ 1923 on properties in which the New York Oil company has inter- ests. At present the company 1s the sole or part owner of 188 oll wells and 27 gas wells. Return in oil to the New York Oil company for 1923 amounted to 643,870 barrels, as compared with 296,837 barrels for 1922. Its inter- est in production operated by other companies therefore was 10 per cent plus in 1922, and 11% per cent plus in the year 1923. Continuing, the company’s an- nual statement, as prepared by the Executive committee composed of Emil H. Steiger, Ernest arquarat, Minal E. Young, Harriet C. Curtis, Harry P. Hynds, reports on other activities as follows: Sudsidiary Companies. “The Alaska Oil company, a sub- sidiary of New York Oil company, in June, 1922, leased its holdings, consisting of 6,120 acres in the Pearl Creek Dome, Alaska, to the Associated Oil company of Califor- nia, the Jatter paying a bonus of $65,000 cash and agreeing to drill a deep test well on the property. The Associated Oil company drilled. two wells in 1923, one to a depth of 900 feet and the other to 500 feet, then decided to close down for the win- ter, It paid $25,000 for the privi- lege of postponing drilling until 1924. The Associated Oil company also contracted to pay Alaska Oil company royalties ranging from 6% per cent to 12% per cent, plus an- other cash bonus of $100,000, and another $100,000 from production in addition to royalties, if ofl is found in commercial quantties. Under the terms of the contract drilling will be continued in 1924. The Alaska Oil company has cash on hand. $77,929.20 and no Mabilities. Your company owns 53.9 per cent of the issued and outstanding stock of the Alaska Oil company. Oil Marketing Facilities. “The Fargo Oil company has con- structed’a 6-inch oil pipe line from the Poison Spider field to Casper, and is now running from 600 to 1,000 barrels of of] daily from its properties. The gathering lines have not been extended to all the field, but this is in progress, and should be completed by early spring. ‘This will give New York Ol com- pany an outlet for its oil from South Casper Creek and Poison Spider, “The Producers & Refiners cor- poration has constructed a 6-inch oll pipe line from Salt Creek to Parco, Wyo., at which point they have a 10,000-barrel refinery. This line passes through the Iron Creek field. The New York Oil company has a small production in Iron Creek which can be increased and marketed. “Several hundred barrels of oll per day should be marketed from these flelds tn 1924. Conclusion. “The ofl industry has passed through its third consecutive year of depression, reaching its lowest point the latter part of 1923, and it is the opinion of most of the oll operators that it is now on the up- ward trend. Crude price increases are being reported from all parts of the country. The posted price ot Salt Creek crude was increased Alkali in Shampoos Bad for Washing Hair Many soaps and prepared sham- poos contain too much free alkalt, which is very injurious, as it dries the sealp and makes the hair brittle. The best thing to use fied cocoanut ofl shampoo, for this is pure and entirely greascless. It is inexpensive and beats anything else all to pieces. You can get this at any drug store, and a few ounces will last the whole family for months. ’ Two or three teaspoonfuls {s all that is. required. Simply moisten your hair with water and rub it in. It makes an abundance of rich, creamy lather, which ¢'eanses thoroughly, and rinses out easily, ‘The hair dries quickly and evenly, and is soft, fresh looking, bright, fluffy, wavy and easy to manage Besides, it loosens and tak out every particle of dust, dirt and dandruff.—Advertisement. —_—s—.. Don’t forget to get your order in to the Tribune for several copies of the big Annual Industrial edition so that you can send them back home } to your friends. thereby advertising the 6. p. Delephone 15 and a ie hin, WEDNESDAY, JANUARY 23, 1924 fectively, we can bring to bear on a] farming community can render.” an acute stage that requires. or. serious though happily, a localized| “The economie condition in cer-| ganized cooperation on the part ot emergency, every resource of the|tain wheat growing sections of the| the federal government and the toca} federal government and all the as-| Northwest" the president said at the | institutions of that territory for iis sistance which the business and| outset of his message, “is reaching’ solution.” he Casper Daily Cridune PRES. COOLIDGE CALLS FOR AD FOR FARMERS Phogain’ Oollaiad in Special Message.to Congress. Heads League of Nations Commission EVERYWOMAN’S STORE ‘Alluring euztan lous . for Spring a convenient place to meet your friends. from 60 cents to $1 per barrel on January 10, 19! “The payment of $205,000, one of the time payments on the “stock” which Was due ha royalty purchase, January 1, 1924, been mado, leaving only one payment of the same amount, due January 1, 1925. cept for necessary develop ments, additions and extensions the revenue of the company has been devoted to paying off indebtedness thereby clearing the way for divi- dends. The indebtedness of the company has been practically all paid. No new indebtedness was in- curred ip 1923. The pirce of crude has already advanced. One hun- WASHINGTON, Jan. 23.—Five steps for the relief of the agricul. tural situation in the northwest, some to be taken by congress, some by the executive branch of the gov- ernment and some by Private in- terests, were outlined’ by President Coolidge today in a special mes. sage to congress. The steps include: ‘The refunding of the pressing st due indebtedness of the farmer in the territoriés most seriously af-|' fected. When a Spring wardrobe is in its first stages a dressy Blouse is a very valuable addition. dred per cent of the production. of. the Salt Creek field is now being taken, You can wear one of these lovely new blouses most any place with the com- fortable feeling that it is becoming as well as fash- ionable. The company will find itself with income in excess of necessary expenses.” ‘The profit and loss statement of the company for the year ending December 31, 1923, follows in full: Revenue. Financial assistance through a federal agency to enable wheat farmers to make the change from a single crop system to diversified farming. The restoration, wherever it would NEW YORK—Photo shows Hon. Norman H. Davis, under Secretary of the State during the Wilson administration, accompaniec by his daughter, Martha, as he sailed to take up his position as head of a league of nations commission to report on the Status of Memel in an effort to Domestic gas sales. 408,233.87 | cove the international tangle involving that elt. be helpful, of the imparied capital Industrial gas sales... 105,447.89 of banking institutions in the dis. Midw ost as ‘sale 268,520.81 tressed sections, A Bewiltching Array of Service charges 2,962.00 The creation by private capital of 650.00 CASPER KIWANIS CLUB WILL CELEBRATE ANNIVERSARY OF INTERNATIONAL ON THURSDAY Miscellancous earnings. @ substantial financing corporation to assist in the plan of reorganiza- tion. The extension of the time during which the war finance corporation can make loans. Mr. Coolldge told congress that these were measures “by which, without undue alarm or agitation, but nevertheless promptly and ef. ee Gross revenue department -. - Revenue from sale of gas 786,714.57 Newest Spring Models Are to Be Found On Our Main Floor In a Complete Range of Sizes 558,096.88 ming Central - New York Ot] Co.—Pro+ duction department__ Revenue— Service de- 72,500.00 partment -. -- 66,001.03] Casper Kiwanians will observe; ident Arras will be read by William $7.50, $10.50, $12.50, $15.00, $16.75 and up to $22.50 Revenue—Gas fitting the ninth anniversary of the birth|B. Cobb, president of the Casper department 30,662.47 | of Kiwanis tomorrow noon at the|club, Judge Robert R. Rose, a prom- . Revenue — Automotive Henning hotel. ‘This international|inent Kiwan‘an booster will speak | department ........- 45,058.41] organization with a huge member-|on the subject, “What anis Miscellaneous revenue. 13,623.15 | ship among business and profession-| Means To Me. Other pat eoitan It’s a smart Blouse that sets no al men throughout the United States and Canada was inaugurated in Detroit nine years ago, since which Total gross revenue.$ 1,609,498.88 limits to its length this season. It may stop anywhere between will be given by various guests and the membership will be entertained by special musical numbers. ed Natural ius purchased-§ 195,285.61 Tent at Bete potable strides ae The meeting will open at twelve hips and knees. ‘In the way of el in: rvice agen in allj with luncheon served in the ban- i i expense -....-... aoe 5,180.63 | Cities where local clubs exist. quet room of the Henning. It is rome decoration it takes to itself a va- Transat sion line ex- nspchine eae selonipal Address tomorrow ected that the eapacity of the room riety of smart garnitures—wood- 2 i y George E. Snell of| will be taxed as a hundred per cent i Distribution system ex- Billings who is scheduled to arrive} attendance of local and visiting Ki en beads, hand painting, Roman ¢ ccs ANE Sex 12,319.37 | in cane this evening. He is an|wanians is anticipated, besides stripes, crystal buttons, hand- as department—-Gen- eminent attorney and noted as a|whom there will be a considerabl i oe A eral and administra- most forceful speaker. This year|number of specially invited Buses drawn-work. For mornings pe Special Not , Mr. Snell is serving as third vice | including wives of various members. ! haps you will choose tailored Dozens of pretty tion expense -.....-. 124,510.62 is Mulsi-} Total expense gas department ------- $ 850,331.14 Service department ex- 49,302.97 - 25,283.54 Automotive department expense —. - 46,917.28 Oil department — Gen- ‘ eral and administra- tion expense -----.. 55,759.03 Interest paid ~..-.-..- 25,364.32 Taxes --.--. 11,512.17 ON production expense. 14,485.17 Total expense --..--$ 578,355.56 *Net operating profit-$ 1,031,143.32 **Adjustment of stock. 262,239.99 Net carried forward to surplus ---.--~-.-! 3 768,903.33 “Before taking depletion and de- preciation for the year 1923. **This item, reducing to its par value the book value of the treasury stock acquired through re-purchase agreements, is a book entry only and does not affect the net operat- ing profit for the year. The balance sheet of the company of December 31 follows: --=--=$ 210,809.16 Accounts receivable -.. 154,916.40 Total current assets_$ 365,725.56 Fixed Assets. Notes receivable---...-$ Warehouse material_-- Warehouse equipment_ 5,038.00 24,247.63 13,096.48 Stock in other com- panies - 1,097,259.56 Automotive valuation_. 45,613.32 Real estate valuation.. Furniture and fixtures 88,957.49 20,715.22 Leases and equipment. 1,740,231.49 ‘Treasury stock~. - 277,476.00 ‘Transmission pipe line. 779,492.10 Distribution system... 1,447,838.63 Total fixed assets____$11,539,964.92 Total assets....---_-' $11,905,690.48 Current Liabilities. 39,759.19 10,157.05 22,887.23 4,357.32 *Notes able — Due January 1924--.-. 205,101.17 Total current IMa- bilities i Fixed - 213,491.67 171,197.50 **Surplus December 31, 1923 - 586,929.83 $11,905,690.48 *Paid on due date. **Before taking depletion and de- preciation for the year 1923. oo ANNOUNCEMENT. Mesdames Carter and Austin an- | nounce the opening of a class in | millinery on January 29th with a | complete line of frames and mater- For information call Mrs. Bessie Montgomery Carter. Phone 845M. Bn The Ideal Government at nation has the best govern: ment whose individuals do not look to government to do for them what they ought to do for themselves,— Albany Journal, petiia iy IS | Tribune Want Ads bring results, president of Kiwanis International. District Governor Harry 8S. Dur- ham is to deliver his annual mes- Sage to the local body, and the an- nual message of International Pres- MOSCOW, Jan. 23.—{By The As- sociated Press.)—The body of. Nikolai Lenine lay last night in the villa at Gorky where the great bolshevik premier, stricken with a fatal illness, spent most of the last year of his life. Early today a group of com- munist party leaders and members of the all-Russian soviet congress passed through Moscow’s silent and snow-laden streets to the railway station, where they boarded a train for the little village.. They were to return late this afternoon as the official escort of their chieftain's casket, following it to the Hall of Columns in the “House of Unions,” where if will lie in state until Sat- urday, the body of the man who spent most of hfs life in fighting the nobles who once danced in the great room that is to be his place of repose during the four days of official mourning. Only Lenine’s widow, his mother and some of his most intimate asso- clates in the communist party kept the death watch in the Gorky vil- lage throughout the night. As this Uttle group awaited the coming of the escort, there were pouring into Moscow a flood of cablegrams that showed that the world mourned the dead chieftain deeply. The mes- sages came from organizations of workmen in many cities of Europe, from the communists of all nations who venerated Lenine as the high priest of their political and economic faith and, as formal condolences, from some of the governments which have recognized the soviet federation. ‘Vast Russia herself, from the far- flung villages of Siberia to the towns of the Crimea, is dazed by the passing of her premier. Village communist committees in distant districts. awoke this morning to re- ceive the news. Some of the peasants hate communism, but most of them placed their confidence in Lenine. Troops of the Moscow garrison with fixed bayonets were scattered about at points for blocks around the raflway station and the house of unions this morning keeping the streets clear of traffic in prepara- tion for the arrival of Lenine’s body. Are You Fat ? Just Try This Thousands of .overfat people have become slim by following the ad- vice of doctors who recommend Marmola Prescription Tablets, those harmless little fat reducers that simplify the dose of the famous Marmola Prescription. If too fat, don’t wait—go now to your drug- gist and for one dollar, which is the price the world over, progure a box of these tablets. If peeferable However, made to seat every one present. 2 o'clock, BODY OF BOLSHEVIK CHIEFTAIN WILL LIE IN STATE IN ‘HOUSE; OF UNIONS’ IN RUSS CAPITAL No one was allowed to pass-ex- cept members of the official funeral The streets through which the cortege was to pass from 10 o'clock lay in a dead, snow white stillness waiting the premier’s. last journey to the party and its invited guests. national capital. —————___ preme. 6 BEL-ans Hot water Sure Relief Gout, Bhegmatign an Muscular Aches Written Guarantee With Each Bottle Smith-& Turner 1338S. Center Phone 150 arrangements are being On account of the length of the Program the meeting will extend to The Zaro women of India are su- They woo the men, con- trol the affairs of the home and the nation, transmit property, and leave the men little or nothing to do, The result is, says an eminent scientist who has investigated the race, that they are the ugliest women on earth. ——— Sure Relief FOR INDIGESTION 25¢ and 75¢ Packages Everywhere ement Let me e Spring hats re- ceived this morn: ‘ ing to sell at— ~ $4.95 On sai in Subway. white broadcloth, dimity or voile Blouses of charming simplicity. For semi-formal occasions, a long Chinese tunic of satin or crepe embroidered in vivid colors, has an exotic distinction all its own. the oe are an im in trpe my tral ey. word for ma reelf. is INTERESTING BOOKLET IT have successfully treated thou- sands of patients for fat reduction Without Change of Diet or Unnecessary Exercis: eaten Bicasterane™ Lost 48 Pounds. Mra E, Horner HRirnase lost 48 pounds in ated Make up mind this very fo get rid of that fat. Write for Tay tree. trial treatment, now: your feel, bow beter Senne DR. R. NEWMAN 290 Fith Ave, Bost HG86 saw YoRs Orr who ranks of Sow ‘Trial Treatment. WHITE LAUNDRY AT YOUR SERVICE Phone 1702 For results try a Tribune Classi Ged Ad. you can secure them direct By send- ing price to the Marmola Co., 4612 Woodward Ave., Detroit, Mich. They reduce steadily and easily without tiresome exercise or starvation diet and leave no unpleasant effect— Advertisement. 2 bd 245 East Second Street MARCEL WAVING One of the greatest professions for women and girls —learn from Carolyn Spaulding at the MARCELLE SHOPPE Call This Week Phone 2350 Your Will--- Do you intend to distribute your property yourself after your death, or do you plan to let the people of the state attend to this important matter? Sees AiR: The law seldom divides property in the same manner as would the person owning it, if he personally were making the distribution. Most men—and a surprisingly large number of successful business men—do not leave wills. To “leave your house in order” is a supremely considerate and unselfish act which every right-thinking man can easily perform. If you truly love your wife and family, make your Will IN TIME and name a corporate Executor and Trustee. All men want their dependents well cared for after their deaths; all wise men assure this by making a competent will. No obligation is as- sumed by consulting our Trust Officers. Wyoming National Bank CASPER, WYOMING YE