Casper Daily Tribune Newspaper, May 18, 1924, Page 11

il SEDE SOO ECTION Bonds Finance : (By Wilson Cramner & Comany = Allled: See re & Dye -----. ie International Corp 21 Smelting & Refg.-. Sugar .... t Falling Ove i in Total Outbee Shown Sieh __ In Figures Covering April Production Tn State Fields. total production by fields for April follows: Total production of oll in Wyo- ming for-April was. 3,552,047 bar- relg, or 211,550 barrels Jess than the amount of output for the Preceding month of March, It Creek ction. April produ: _in Cheasapeake and Ohio ~.----.. “was 3787 8 barrels, or 229,72 chietosend Northwestern... le per -. Chino Copper —..-----.... poisogermaes, Gas production were shown by Grass Creek, Lance Creek and Mule Creek fields, | General increases were shown by Osage, Hamilton Dome, Lest Soldier, Dallas-Derby Hudson and South Casper Creek fields. ‘The downward trend of Salt Creek Production was caught and stopped General Motors --~-... the latter part of April. From now] Lost Soldier Great Northern pfd. on, with aoe, mse drilling | Warm Springs Gulf States Steel ~~. campaign under way and new wells| Dallas-Derby Inspiration Copper -.. coming in all of the time, Salt Creek | Hudson ....---~-. Int. Mer, Marine pfd. ----.-. 34% output will swing sharply upward, | South Casper Kelly Springfield Tire --. 14% The same fs true of practically every | Mule Creek . Fa maga rete 31% other field in the state. Se OH ck Siete Tabulation of figures showing! ‘Total ..... ves taeh rtrear Teed OCT liMacwall.: Motoehs = tin Middle States Ol — eeeiley BY New York Central Northern Pacific Pacific Of] -------. - Pan American Petroleum soy Producers and Refiners ..-- Pure Oil Sears Roe! Sinclair Con. OU — Southern Pacific ---.---.-... Southern Railway -.-.... Standard Oil of N. J. - Studebaker Corporation ~. TERRE CO}. Sonn neces, Tobacco Products A Transcontinental Oil Union Pacific -----. U. S. Ind. Alcohol -. United States Rubber United States Steel Utah Copper -.. Westinghouse Electric Willys Overland --.--. Butte and Superior Everyman’s Investment By GEORGE T. HUGHES Land Bank Bonds Grading very high among con- ®ervative investments are the bonds issued under the Federal Farm Loan Act. They are of two classes, Fed- eral Land Bank bonds and joint Stock Land Bank bonds. There is a sharp distinction between the two, ‘The Federal Land Banks, twelve in number, are jointly Mable for the bonds issued by any one of their number. There {s no such joint lia- bility among the Joint Stock Land Banks. The Federal Land Banks @re operated for the benefit of the stockholderborrowers; the Joint Stock Land Banks are operated for private profit. Loans made by both classes of banks are strictly regulated by law. Mortgages must be secured by first Men and must not exceed in amount 5O per cent of land value and 20 per cent of the permanent insurable im- provements. Income from bonds of both banks 4s exempt from all federal and state taxation. There has been some criticism of the policy of allowing tax’ exemption to bonds issued by whom exemption from taxation {s an object these Lank Banks bonds are very attractive, the obligations of the Federal Land Banks being en- titled to the slightly higher rating. One other important point should be considered in connection with these banks and their securities. ‘That is the investment status of the shares of the Joint Stock Land Banks. These have been offered to investors in all parts of the country on an attractive yield basis. Un- doubtedly they have merit but such stock should not be bought without a clear understanding of just what kind of an investment it is. A well-managed Joint Stock Land Bank, and as far as the writer knows, they are all well-managed, ought to make a good profit on the Money invested but there is no guarantee expressed or implied on the part of the government or any- body eJso of any profit at all. The stockholders are partners in the en- terprise and take the same kind of a risk as stockholders in any other business. And moreover some Joint Stock Land Banks are more profi- table than others. Finally there is a double lability Bessemer Big Indian Boston Wyoming Buck Creek Burke Blackstone Salt Creek Chappell Columbine Central Pipe Line ----1.85 2.00 the Joint Stock Banks on the ground| attaching tothe holding of stock in| Consolidated Hopalivc Les 1.25 that such exemption is a subsidy to] these banks just as there is in stock] Cow Gulch -------.--- .03 in national banks. While this does not seem now ever likely to be of @ private enterprise. This, however, does not touch the merit of the in- vi ent. For investors who re-|any practical importance it is well] p, williams — quire a high degree of safety and to}to keep it in mind. Fargo - Frantz — Gates Jupiter - -. Kinney Coasta Lance Creek Royalty Marine Mike Henry Mountain & New York Ol! - Picardy Preston Red Bank Royalty & Producers ~ APPLICATIONS FLOOD U. 5. LAND OFFICES More Oil and Gas Permits Asked in Last 60 Days Than in Three Years; Colorado Tom Bell Royalty — School Lands Being Drilled. tern Exploration ~ 3.85 3.70 oo 1,00 05 06 Wyo. May 17.— CHEYENNE, DENVER, May 17.—(United Press) (United Press—Applications for oll NE’ ‘ CURB CLAOSIN‘ —Nine oll wells being sunk on Colo- cone ery , Mountain Producers . 18.12 18.25 Jeet Eee Permits made uring thetrado state school lands to test out|Glenrock Oil - 40 land office here exceed in number|*# any structures, give promise of | Salt Creek Pres. 54 thoss made during the entire three| providing substantial sums for edu-| Salt Creek Con nate years since the bill went into effect, | cational purposes as well as boosting|s. 0. Indiana 7.12 aclae operat by Receiver Mart! considerably the oll boom which has “These applications,” Christensen | Struck the state, said, “do not follow definite lines of| According to a recent announce-|| Standard Oil Stocks advice by geologists, but are spurred} ™Ment by the state board of land on by strikes at Wellington, Wyo.,| commissioners, care has been taken q and Craig, Colo., and apparently alm | in making the leases to be sure firms anes f | % 16 to get all the acreage for prospect-|are adequately financed, Almost im-| Buckeye oa ing on any ground that is vacant. mediate drilling is required, the state Cumberland 131 “The southern part of Carbon|retaining the customary one-twelfth| Galena 68 county, which borders Colorado, has| royalty in case ofl is found besides Iiinois -. 131 been subjected to the greatest at-| exacting a good leasing fog. Indiana ~ 90% tacks because of the Craig boom. In| Other leases are to be made in the 21% the Snake River section all vacant negotiations are now Hs Jands have been taken in several townships and ranges. “Immediajely around Cheyenne Prospectors are encouraged by the ‘Wellington strike, so that there are almost no vacancies left. several interested per- Counties {n which school land dril- Ung now is going on are Larimer, Weld, Moffat. Las Animas, Pueblo, Cheyenne and Kiowa, Wheat Prices Show Little Change From Last Week CHICAGO, May 17.—Wheat prices today showed little change from a week ago at the close of today's short session on the exchange here, May selling at $1.04% and July at $1.06% while corn, which was the most active in trading throughout 56% 67 CRUDE MARKET Cat Creek ~.2------arneceerae-$1.95 Lance Creek Osage Grass Creek light ---~--..-.-- Grass Creek, heavy --<.090--— Greybull of increased estimates in the amount that would be needed for export tended to stabilize the demand. Today's range of grain and pro- vision prices follow: Open High Low Close WHEAT— the week, closed at 76%e for May | x4 1.04% 1.04% 1.04% 1,04% | Torchlight ~---~~. mecewese and 75%o for July. Today's trad- 1,06% 1.06% 1.06% 1.06% | Mlk Basin ~..-~....----..-.-.. ing was featured by early weakness 1.07% 1.07% 1.07% 1.0714 | Rock Creek ..--. resulting from reports of rains y r ; Salt Creok throughout the «rein belt but re- 76% Muddy --..-........ newal of dry weather complaints ves Hid atts da, ite Creek wplisesednses, later in the session offset this in- 15% (76% 275% | Sunburst fluence. Hamilton ‘Weakening of the corn market AT A6% 47% | Ferris this week was charged to an in- ary 43% 44 Byron crease in the visible supply of 2,- 30% 39% .89% | Notches - 156,000 bushels over a year ago. Pilot Butte .. wonceen Lessened demand for feeding pur- 10,60 10.60 Lander poses was also a bearish factor. 10.87 . Rapid completion of corn planting under favorable weather conditions helped further to depress trading. Volume of wheat trading was re- Auced. pending the result of legisia- tien at Washington, while reports SEND IT TO THD PEARL WHITE LAUNDRY PHONE 1702. Casper Monument SVorks 606 South Conwell Phone 2543 Che Casper Sunday Cribune Stocks Grain CONGRESS WATCHED Business Interests of Country Also Interested In Prospects of Japanese Exclusion And Other Laws. By J. ©. ROYLE (Copyright, 1924, Casper Tribune) NEW YORK, May 17.—Exporters who are opposed to the Japanese ex- clusion act becoming effective in the immediate future, exerted them- selves in final opposition today but business in general pald far more attention to the future fate of the bonus bill. There is no question but tht each was a factor in the busi- ness situation and that, together, they served to instill an element of extreme caution into operations by business men, although the final ef. fect of each is expected to be more psychological than actual, Exporters who have spent years of effort and large sums of money in introducing American goods in the Orient were outspoken in their opposition to the congressional meth- od of settling the Japanese situa- tion, although some of them are known to favor Japanese exclusion. Ralph P. Merritt, president and managing director of the Sun Maid Raisin Growers’ association, one of the most advanced of the coopera- tive marketing organizations of the country, who has just returned from Japan, said that the present tonnage of raisins sold in that country could be doubled in the next year with proper adjustment of the controver- ay. “We have several problems yet to be solved in Japan,” he said. “The most important at the moment is that of international relations, The treatment of the Japanese people by our politicians, has a direct bearing upon the ability to sell American products in their country. The un- necessary attacks of our politicians upon the Japanese people and the Japanese government in the discus- sion of the immigration act has se- riously injured the standing of Amer- ‘cans in Japan and the ability of Americans to do business with the Japanese people. promotion: of American business abroad. If we do not sell 10,000 tons of raisins in Japan in 1925 and 1926 it will be because of the of- fense given to the Japanese people by the ruthless discourtesy of our politicians. In order to obtain good will, it is not necessary for us to open our doors to American citizen- ship for Japanese or Japanese land ownership. It is necessary, how- ever, that we reach our conclusions with dignity and justice and that we deal with the Japanese without sep- arating them from other nations by discriminatory clauses.” Some exporters claimed to see sig- nificance in the fact that a tremen- dous volume of Japaneso silk has reached this country in the last week, shipments totaling over $13,- 000,000 having been forwarded from Seattle, while other consignments are scheduled before the time the ex- clusion act would become effective. They also point to the recent pur- chase of freight car equipment by the Japanese from the Canadian Car and Foundry company and the Bast- ern Car company of Canada of 4,000 railroad cars and the fact that ex- port demand for lumber from the Orient has slackened. Men who deal in some other’ ar- tieles of trade which normally go to Japan, however, indicate they think the effect of the possible action by President Coolidge and congress h been over-emphasized. ‘The bonus question is one which has found American business men bitterly partisan. Blame for various happenings and contingencies has been piled upon the bonus and prob- ably will continue to be. Extreme emphasis was placed today by man- ufacturers on the president's state. ment that the bonus bill would end all hope of tax reduction. Falling off in employment ts be- coming slightly more apparent. The trend is most noticeable in the auto- “As business men, we should de. mand of our politiclans that they carry on th® discussion of interna- tfonal problems with dignity and courtesy end for the benefit of the mobile, steel and bituminous coal sections, but the-stocks of most man- ufactured goods are small so that recovery from ‘a slight recession necessarily would be prompt. Wyoming Business and Industrial Survey From Special Tribune Reports How's ,business? That's what everyone wants to know. Out here in Wyoming it’s a problem to keep in touch with all parts of the state, but the Tribune ‘doing it with the aid of the banks, Not only are regular reports being received, but the information is re- able and may be depended upon. Following are given a number of current reports. Livestock. Rock Springs (Sweetwater county) —Cattle have wintered well with no losses, while sheep have wintered well with nominal losses. Shearing ls practizally completed. The greater part of the 1924 clip has been con- tracted fc S ranging from 10% to 42 cents a pound. The wool Is light and clean. ‘ Evanston (Uinta county)—Steers are selling at 7 cents a pound. All cattle are in very good shape. Sheepmen are in the midst of lamb- ing with prospects of a large per- centage of lambs. All wool has been sold around 40 to 42 cent: Arvada (Sheridan county)—Cattle wintered well with small losses which were caused mostly by cold March weather. Sheep suffered some losses and the lamb crop will be a little below normal because of early lambing before May 1. No lambs or wool have been sold to date. About double the hogs are being raised around here this year than were raised last year. An- other car of hogs has just been shipped to the Sheridan Meat com- pany by F, M. Whitten and H. W. Cline. Milk cows at a recent public sale brought from $41 to $37. Kaycee (Johnson county)—All live- stock came through April in good shape and losses were very light Cattle and sheep are in especially good condition. Lambing started about the middie of April with at least a 75 per cent crop. The bulk of the lambs have been sold at 10% cents. None of the wool in this section has been sold. Osage (Weston county)}—The Bock and Sewell Sheep company reports its flocks are now lambing and that up to date the loss has been less than 1 per cent. Upton (Weston county)—Calf crop is very good and grass conditions excellent. High percentage on lamb crop with no sales made, Wool clip in good condition. Weston county shows 100 per cent increase in brood sows over last year. Early pigs coming in poor. Large herds of horses are turned loose on the ranges, with no attention paid them. Good demand for milk cows. Not & great deal of activity at present In Iivestock business. Agriculture. Fvanston—Surplus of hay on hand with no markes at present. From all appearances there will be a shortage of water, Arvada—Seeding very much be- hind, with not more than 20 per cent of spring grains in. Fall grains showing very food stand will be less than 50 per cent of the amount grown last year- Corn acre- age will be doubled if weather con- ditions permit planting. Range conditions unusually good and grass {s thicker and higher than in nor- mal years. ‘aycee—All farm and ranch work has been held back by the late spring. However, so!l conditions and moisture are the best in years. and more garden truck will be srown for the Salt Creek market than heretofore. Seeding and plant much delayed by wet rren Brothe am- constantly growing, there 00 dairy cows in Many more ere nested to take care of the demand for dairy products. This section is especially adapted to dairying. Realizing this, many farmers are securing pure- bred cows. Ranges and grass is now su! There is plenty of hay on hand but it will not be necessary to feed unless another deep snow should come, Osage—Many of the farmers tn this section of the state are busy In the flelds planting thetr crops. There will be considerable corn raised here this year and some small grain, but not as much of the latter as in former years Upton—There seems to be a gen- eral inclination among the farmers to raise crops that are more easily marketed through feeding to live- stock. Especially does this apply to corn which is fed to hogs and cattle that are then marketed. oil and Mining. Rock Springs—In general the coal mines are working two days a week. The Wyoming Coal company 1s working steadily. Considerable in- terest {s being shown in the new oll field at La Barge, Wyo., north of Opal. The Newlon well there is down 620 feet and producing 300 barrels dally by test. ‘The Superior Oil and Gas Development company is moving a drilling rig to the field and should spud in before June 1 Two of the larger compantos have about completed arrangements for drilling tests. Osage—The Fiddler Creek Ol! company js building a new derrick over the well it started Jast fall, and will soon be drilling again. This well ts now down 2,000 feet. The pay sand ' expected at 3,000 foot. Work has been started on the It Creek wildeat six miles east of weartle, Briggs and Leuthart are drilling for » Spokane, Wash., oll company, The well is being drilled with standard equipment The Standard of California has had two geologists here for the last 10 days looking over the prospects of Fiddler Creek structure. Industrial and Manufacturing. Rock Springe~Bullding of homes steadily continuing. The Woolworth company is remodeling a building ‘ith less acreage planted than last year, It is estimated that wheat on South Front etreet. formerly occupied by the Rock Springs Pharmacy. Cost of remodeling will PAGE ELEVEN. Livestock :: All Markets mur tr edepeney atcae see [STOCK PRICES LOSE LEVEL DURING WEEK Evanston—Some transfers have been made tn real estate, but they have been mostly trades with very Trading Dull for Most Part and Trend Down- ward Despite Strength Displayed by Rails and Investment Issues. NEWS AND QUOTATIONS BY LEASED WIR New York Stocks || BONUS BILL FATE IN few cash deals. Osage—The United States Ol! and Refiring company has just com- pleted a $100,000 addition to its Plant here, The Dakoming Oil com- pany shipped 500 barrels of oil from here this last week. The com- pany is now getting its camp and equipment ready for spring work. Employment and Payrolls- Evanston—Railroad shops work- Ing regular crews of men, though no additions to the forces have been recently made. Kaycee—The demand for ranch hands and sheep laborers has been well taken care of and no one here Is out of employment, Osage—Employment in the field has been rather slack since the first of the year, due to bad weather con- ditions. Things are beginning to pick up as the weather improves. Osage has not felt hard times so much this past winter because of NEW YORK, May 17.—Reaction which developed into today’s brief session of the stock market after a display of strength that at the open- ing carried stocks irregularly lower, reflecting sentiment that has ruled trading for the last week. Absence of many traders over the week-end and uncertainty over the fate of the soldier bonus measiire gave rise to uncertainty with considerable profit- taking in evidence. Sales for the day amounted to approximately 300,- in a continuation of the unfavorable domestic trade news but surrent prices did not bring out holdings in as large a volume as might have been anticipated. Unfilled orders of the United States Steel corporation showed a falling off of 000 tons in the weekly reported and this tend- ed to depress the value of steels. Coppers also slumped following a drop of 13 cents in the price of the red metal. Pressure against motor and motor the tatasupasmant atthe Une fon equipment shares continued on re Rnd OROAAINE, Gdenpany: 000 shares and the closing was easy.| ports of decreased sales and in- Temporary interruptions to the| creased unemployment in the big Retail Business. downward trend of the market dur-| automobile centers. Announcement ing the week were caused by techni- cal rallies but dullness was general in many fasues. Investment buying was encouraged by cheap money rates with bonds holding relatively firm. New High records for the year were reached by a majority of government bonds, Bear operations found their basis by President Sloan of the General Motors of a probable increase in the price of automobiles had a tendency to check bear operations in this group. Strength was shown by raflroad shares despite a falling off in car loadings over the corresponding perlod a year ag Rock Springs—Retail business up to average, although there has been some slackening up owing to the mines not working full capacity. Kaycee—Retail business has been very good. Especially does this apply to groceries. The Freeman Packing company has put up a smoke house and is sugar curing hams, bacon, etc. This concern is kept busy supplying the demand. Osage—Merchants report business rather quiet for the last 90 days, but picking up now. Commodity Trade News Lumber, SEATTLE.—The lumber mills of the Pacific northwest manufactured about 96,000,000 feet in the past week, sold 86,000,000 feet and shipped 100,000,000 feet. Production is 11 per cent above normal capa- city. Lumber manufacturers figure mid-western buyers will continue to hold back anticipating future price concessions, Resume and Outlook. Arvada—General conditions and prospects better this year than last. There has been plenty of moisture and it looks like there wil] be better prices for livestock. Kaycee—The prospects for future business never were better and espe- clally will it be so when work ts started on the construction of the Wyoming North and South railroad that will take it through bere. two weeks ago, leaving all received from the late shipments as clear profit. Floor Coverings. BOSTON.—Tho wage reduction of 15 per cent made by the Roxbury Carpet company, which affected 800 workers and was accompanied by a corresponding price reduction in goods, has stimulated business and — the plant is now running 100 per Osage—Bank deposits are increas. Cotton Seed Oil. cent in the carpet department and Ing and business is improving since] HOUSTON.—The South Texas|75 per cent of capacity in the rug work has started in the field. The prospects for better business this summer are very good since many operators are planning on consider- able development work here this season Cotton Oll company has purchased the plant and business of the Mag- nolia Provision company at a cost of over $500,000. department, Cheese. PLYMOUTH, Wis.—A firmer trend is shown in most of the cheese mar- kets and unfavorable weather has loseened production. Tce. ROCHESTER, N. Y¥.—The Roch- ester common council {s considering an ordinance which would raise the license fee of ico dealers from $10 to $100 a year. Ths above reports were sent in by the First National bank of Rock Springs, Evanston National bank, Arvada State bank, the First State Bank of Kaycee, Osage State bank and the Bank of Upton. ee cacao Wool. YAKIMA, Wash—Wool growers here seem disinclined to accept the range of prices at which business transacted in eastern Washington, 33 to 34 cents a pound local shoe manufacturers durjng the|and probably will store considerable last three months show a gain over|of their clips at Portland pending of last year and fall. buying i#| higher bids. active. Most retailers are hesitating in placing large orders, however, fearing style changes. Shor KANSAS CITY.—The sales of BUSINESS BRIEFS. DETROIT, May 17.—Men being laid off from the automobile fac- torles here are amply provided with funds for the near future. Those not immediately absorbed in_ the Cotton, BRUNSWICK, Ga.—Seventy-five per cent of the farmers in Bruns- Automobiles. buildin, trades apparently have wick county will plant cotton this built aE large savings accounts. ST. PAUL.—Through motor car|year and thus, it is believed, will During the winter months such| service between the Twin Cities and| double the production of last year. Chicago began this week with # fleet of 15 large touring cars operat: i in flotillas of three cars each. Fares average about 3% cents a mile, with the running time for the 469 miles fixed at 22 hours, with night halts midway. accounts have been increasing at the rate of $1,000,000 a week. BOSTON, May 17.—Since the Statier hote! interests bave decided not to build a hctel here, two ozher Tho wheat crop in the county will be 90 per cent norr . Vegetables. ATLANTA.—Goorgia ‘early vege tadles now are moving to northern markets ‘n betel companies have decided to carload quantities and stort new structures. One plans a — state agricultural authoritios re- building of 700 rooms and the other oil. port prices are satisfactory to SHREVEPORT, La.—The Phillips | growers. a building of 350 rooms. Petroleum ville, Okla., company of Bartletts- has bought four casket RICHMOND, Va., May 17,—Three Tron and Steel. lots on Grace street, the “Fifth|ing head plants in Indiana, Texas] DULUTH.—Representatives of Avenue of Richmond, have just}and Oklahoma, with a combined| Henry Ford in the fron range are been sold to Hunter and company, | da! yield 70,000 gallons for a/ reported to be negotiating for iron book dealers, for a price between | Sum reported above $500,000 ore lands to supply a steel plant in $1,000 and $1,500 per front foot. — connection with the new Ford fac- a ——— YANKTON, 8. D.—Gasoline prices|tory at St. Paul. The receiver of saeeannaaase have been reduced by all compantes|the Superior Coal and Dock eom- MARKET GOSSIP, here one cent a gallon to aereenta pany, owned by the Maynard com- at filling stations. Fruit. HAMMOND, La—The strawberry season will last about 10 days longer but already shipments have reached 1,500 cars, the total of last year's crop. Prices have ranged from $3.50 a crate to $5 qnd most of the growers paid up their debts pany of Columbus, Ohio, announces + |the Ford interests haye offered $550,000 for the company’s properties. Good Well Good By test Good No. 2 well of the Texas Production company on the SW sec. 3-26-90. Lost Soldier field, fs now making 49 barrels an hour from a depth of 2,275 feet. The flow is coming by 20-minute heads and sets production at close to 1,200 burrels daily. PITTSBURGH.—Sheet mills operations in the Youngstown dis- trict are reported at the lowest in two years. The present ratio ia about 44 per cent, compared with 70 per cent ten days ago. Market Gossip and Briefs On Operations in Oil Field Red Dome the Western Ol] company of Salt Lake City is active, Getting Torchlight Production. Operating in the Torchlight field near Basin, the 24 Oil company has tly cleaned out an old well and now getting considerably 1 production. The well putting out about 40 barrels of oil dilly. The same company completed a new well in the field late last week, but no report on its produc tion has been procurable. nt on par value was paid the stockholders of the Wyo-lll Ol company during the week leases Marine Oil Operations. This week's report of the Marine Oll company’s operations on its Hydraulic Line Ready. n - past This company's Two miles of hydraulic line for leases in Salt Creek is given @8/ije in Lost Soldier field and are] use in the mining operations of the follows: operated by the Producers and Centennial region are practically Section 5-39-78—Wolverine CR3:/fners corporation. No. & well 18] ready to turn out a stream that will Rigging up. “ . down 1,300 feet and should be! wash gravel for platinum and gold. tion 9 $—Wolverine DS-38:] finished within the next 30 days. pS Swabbing and cleaning out sede A fe ’ Water In Dakota Bection 20-39-78— o Get- sine ready he Mee te naw iocaiion! 1% te Cal Smith Resigns. smith,|, Water was yesterday encountered Taylor 6-—Drilling at depth of 2,049] superintendent of the White Eagle] J". Se hn ‘ee ale. i ty 7—Ri com- an¢ e g col any na A fi Sea * ay 7 “f feet, shale, ‘Taylor Rig Oll and Refining company, has re-| tinorwin ite test of the Bheracd pleted. Taylor, 8—Material on | signed his position in order to enter| sructure in Carbon county. "Tha ground, waiting for rig bullders. the off businoss independently ; ; me bisa Hi dah test will be continued to lower for fectio: te doses ok $y - —_ mations followin: Cleaning out. Wyokans 2—Setting Clay to Chicago. saps f ng @ shutoff of the engine, building engine house-} ‘two carloads of cloldal clay have : Wyokans 6—Pumping with steam. Section 18-40-79-—Wyokans 4: Rig completed. Wyokans 6—Location made, hauling rig. been shipped from Cody to Chicago The field is constantly expanding for this elay. One of its uses is as a filler for paper, Opens Rawlins Office An office has been established in Rawlins, Wyo,, by the Standard Olt company of California, This com- pany 18 exceedingly activa at this time in the southern and southwent- ern sections of the state. Lovell Test Indicated. Announcement is made by J. B Winther of the Allen Ol! company of the shipment of a standard rig CARD OF THANKS. We with to express our many thanks to the many friends and neighbors who so kindly assisted us Fail Hod pte gy shitter and Seotne made by the Standard of California A Columbus Oil Drilling er, Also for the beautiful flora! of-}to @ structure near Lovell. The|, Current reports show the Colum- terings. California company has secured a| >Us* Oll company be drilling its MRS. FB. COYLE, large acreage in the vicinity of] Well ip North per Creek struc: GEORGE COYLE Lovell, the location of the first welt | ture at 160 feet HENRY COYLE, COYLE t of the town “OUTWEST” i R AND } i az J IANSE! FO. Boe can ee Soo. a Wanted to buy any part of hun- MR. ho test of the Cowley structure|} ared thousand shares Outwest site is again being drilled by tho Allen|| Petroteum. Offer it to mer Oil company. At the same time Glentock,. "Wirone Cal! the Tribune for highway in-| work is being pushed in the Byron 4 formation. field, while southeast of Lovell on