Casper Daily Tribune Newspaper, June 29, 1924, Page 18

PAGE SIX. Current business conditions in Wyoming are given in the folowing bank reports to the Tribune: Livestock JACKSON (TETON)—AI!! livestock ranging in forest reserves where feed fs good. Moisture is needed for grass. KAYCEFE (JOHNSON)—Wivestock of all kinds in excellent condition. Cattle are rolling fat and a great many fit to ship to market. Sheep have all been shorn and taken to the foothilis for the present and will be kept there for the present kecause of snow in the higher coun’ Wool all sold, fair prices being recetved. A few have disposed of their clips at 34 cents. Practically all lambs contracted at 10% cents. ARVADA (SHERIDAN) — Cattle doing very well and range condi- tions continue excellent. Sbipping will probably start earlier than usual this year. Many more cows being milked than in any previous year and cream prices holding up well. Nearly all sheep sheared, wool being sold at 34% cents, with 11 cents|all who want to work. Salt Creek being offered for lambs. provides this place a market that {s |} —_—— second to none. Dressed meats, EVANSTON (UINTA}-A_ amall] chickens, eggs, garden truck, etc., elip of wool sold at 34 cents. SHAWNEE (CONVERSE)Cattle doing well. Ranges still in good con- dition. Wyoming Business and Industrial Survey From Special Tribune Reports — Finance miles of the Wind river extension road from Buffalo bridge let to En- yon and Winger, Work to start im- mediately and to be completed in three months. Contract for nine miles state highway road from Jack- son to Menor’s ferry to be let June 26. Plenty of employment for men and teams, More tourists than usual at this time of year, due to roads to Yellow- stone park being open for travel two weoks earlier than ‘heretofore. KAYCEE—The Midwest Refining company has completed its derrick on Tisdale structure and will soon spud in. Several transfers of real estate were made here during the past few days. Among them was the bun- galow residence purchased by John R. MeDowel from the Powder River bank. Lumber is on the ground for the erection of a new residence here and it is probable. Several others will be built during the summer. No idle men here, with work for are sold there by local producers. Retail bustness has been fine in all ines, The prospects for future busin ss is very encouraging. Thous- — ands of acres of fine coal lands here, Agriculture JACKSON—Alfalfa backward on account of. cool weather. Crops will be good as soon as weather warms up. KAYCEE—Hay in good shape but somewhat retarded on account of cool weather. The same is true of all crops. and produce gardens. Wheat and oats are the most a vanced, Wheat looking especially fine, as are potatoes, this section being particularly adapted to the raising of both. ARVADA—Alfalfa has good stand and first cutting will begin within a week. Native hay on lowlands and river bottom not up to normal,. but hay on uplands very much above normal and indications are for heavy Winter grains in good condi- in yield. tion but spring grains slightly need of surface moisture. Corn hi good stand but not growing very fast because of cool weather. SHAWNEE—Small grains not sut- fering but should have moisture. Potatoes doing well. ° Miscellaneous JACKSON — Contract (Copyright, 1924. Casper Tribune.) on. ST. PAUL.—The St. Paul post- office has contracted for 25,000 gallons of gasoline from the Para- fine Oil company, whose bid of 24% cents a gallon vas aqcepted. DENVER.—Tho Midwest Refining company is laying a 22-mile pipe line from the Hog Pack Dome in northern Mexico ‘to Farmington, whence the ofl will be sent to the Utah Of! and Refining company’s plant at Salt Lake City. Lumber, SEATTLE.—North Pacific fumber shipments and sales are both on the increase, according to reports from the mill Last week production amounted to 90,000,000 feet and gales to 95,000,000. totalled 96,000,000 feet. Shipments Textiles. BOSTON.—Owing to lack of orders, the Nashua Manufacturing company will be closed next week. The Lonsdale company of Rhode Island will also be closed for the game period. Clothing. ST. LOUIS.—Orders from local ‘wholesalers for future delivery are increasing and the Curlee Clothing company reports that this is the low as it generally looks like a shortage for irrigation. Commodity Trade News practically undeveloped at this time. At present there is enqugh local de- mand to keep three men busy all year and with the coming of the rail- road itis hoped that several hun- dred will be constantly employed. This is the land of opportunity. Southern Johnson county is one of the last sections of Wyoming to be settled and has a great many un- developed situated on Powder river and more than 30,000 acres of irrigable land, with 500,000 acres of dry ad- joining where farmers are making go00d. lana 25 bushejJs of wheat to the acre, 40 to 56 bushels of oats, 25 to 40 bushels of corn, and 200° to 400 ‘bushels of potatoes. resources. the Kaycee middle the is fork of valley has Cultivated areas of this dry it year produced from 20 to This section is especially. adapted to dairying and quite a number of the farmers have gone into it; EVANSTON—Water is. about as is in Augus' SHAWNEE—Prospects good for for nine big returns to farmers this fall. best month the concern has ever experienced. Fruit. NEW ORLEANS.—Heavy ship- ments have overstocked this market in lines of fruits and vegetables ex- cept oranges and to producers are’low but the public has not benefited. lemons. Prices DALLAS.—Elberta peaches will begin to move from Texas in quan- tity next week, Texas watermelons now are being shipped north. Automobiles. DETROIT.—Retail sales of Chev- rolet cars from January 1 to June 1 totaled 135,644 as compared with 131,445 last year and June sales are expected to beat sales of June, 1923. Cotton. ATLANTA.—The cotton crop will be costly to raise this year but growers are confident that the small carry-over will insure them ade. quate profits, Country bankers are freely financing farmers who have their crops wéll in hand. Nuts. FORT WORTH.—The Texas Pecan crop is in fine shape this far and the yield is expected to be double that of jast year. Stock Trend Continues Up Through NEW YORK, June 28.—fpecula. tive interest in special tesues, includ. ing the copper shares, continued tn today’s brief session of York exchange at the close of a week featured by 4 general movement to higher ground. Several copper stocks today touched new top prices for the year, while rails continued strong ‘and good demand for ofls was notice. uble. Strength was likewise display out the Week high earnings for this season of the year, favorable dividend reports and rumors of consolidations, The doe- the New| mend for all investment issues con- tinued good. ——_—__ PITTSBURGH, June 28.—Small distributors are taking stock of basic commodities freely for , distribution in this district and retail. trade ts ed b; chain #tores and merc nicking up, Building materials andis prices er cimion. and ti closing was|.°% Practically unchanged but the strong, sales for the day nmounting| 28nd ts good to approximately 500,000 shares: _ In steel, the sheet market shows Sy ceparding the A NAFTOW range since the leading in “fk She terest is making concessions of $4 of the Pemoc ‘atl Bape Dh a ton to their regular trade and most tion slowed up trading early in t indepements-are at the same. level Reeaierue ite, marke saan sabe off] which is represented by 2.80 cents Pile lethargy with marke ok blue annealed sheet; 3 for (eee sean i nds. Efforts] black and 4.80 cents for galvanized the general list wer without alia Pe effect or temporary t and new! WANTED—Clean Cotton Rags at peak prices were ed by] The Tribune Office. many stocks, notabl: vlroads Ea eae ae Raliroad buying wos at+ributed to For resulta try a Tribune. Cilas- relatively * sified Ad. aeveral causes, eens SESE FP ‘Bonds + (By Wilson, Cranmer & Company.) Allied: Chemical & Dye ---.-. 73 American Can -.-~---------- 111 American International Corp 21 American - Locomotive -.---. 74 } American Smelting & Refg..- American Sugar ~------. American T, and T, --------- American To! oo ig American Woolen ----.------ 72% Anaconda Copper 31 Atchison .-. Atl,’ Guilt and W. Baldwin Locomotive Baltimore and Oblo - Bethlehem ‘Steel Californat Petroleum ‘anadian Pacific Indies. Cerro de Pasco Copper — 47% Chandler Motors 45% Chesapeake and ~ 83% Chicago and Northwestern 57 Chicago, R. I. and Pac. 30 Chile Copper 28% Chino Copper _----. 17% Consolidated Gas 68% Corn Products 35% Cosden Oil --. 27 Crucible Steel 53% Cuba, Cane Sugar pfa - 60% Famous Players Lasky 75% General Asphalt - 41% General” Blectric — 236% General» Motors 13% Great Northern pfd. 61% Guif ; States Steel 70% Inspiration Copper. ~ 24 International Harvester 88% Int. Mer. Marine pfd. 35 international Paper — 46% Kelly Springfield Tire 12 Kennecott Copper 40% Lima Locomotive ‘Truck ad Oll Maxwell Motors Midcle States Oi! Northern Pacific Pacific..Ol. _.. Pan American Petroleum Producers and Refiners Pure Oll Reading .--.. Republic Iron and Steel Sears Rvebuck Sinclair Con Of] . Southern Pacific -. Southern Rallway . Standard Oil of N. J. Studebaker Corporation Texas Co. Tobacco Products A Transcontinental Oil Union Pacific .--.. U. 8. Ind. Alcohol United States Rubber United States Steel _. Utah» Copper -. Westinghouse Electric ___. 61% Willys Overland 8% Butte and Superior -___. 15 4% Colorado Fuel and Iron -_ 45% Montana Power ~ 65% National Lead Cumberland Ilino!s Inclana Pipe Ohio Oi Prairie O11 Pratrie Pipe — Solar Ref. OIL SECURITIES Bessemer -. 26.28 Big Indian . 103 eo Boston Wyoming. 80.85 Buck Creek ~ 1315 Burke -~ ——- 38 Blackstong Salt Creek .28 .30 Chappell eeweweweee= 18 19 Columbine ~_----.---. .10 al Central Pipe --..-.--. 1.90 2.00 Consolidated Royalty . 115 1.17 Cow Gulch .....2. 03 05 Domino . ~... - 10 12 Elkhorn .. —— 04 06 E. T. Williams -... 36 weer mewneenen= |! .0T Frantz ~-.--...--... 6.60 7.00 Gates —.. -10 Jupiter 01 Kinney Coastal! 08 09 Lance Creek Royalty .00% .01 Marine ...--.-----.- 3.00 3.15: Mike Henry .......... .00% .01 Mountain & Guilt 1.35 «1.40 New York Oil 9. . Pleardy .. ‘ - Preston ~-..-..------- 01% .02% Red. Bank ~----.-....17.75 18.25 Royalty & Producers — .05 05 Sunset — 02% 08 Tom Bell Royalty - 03 04 Western Exploration. 3.20 3.40 Western States 138 15 Wyo-Kane -......... 90 1.00 ¥ on . 06 NEW YORK CLOSING Mountein Producers Glenrock Ot) Salt Creek Prd Salt Creek Con: New York E Prairie Oil . K Prarie Pipe 103.00 104.00 Mutual —. 10.00 10.12 8. O. Indiana 56.25 66.50 Grass Creek light ............ Gross Creek, heavy --........ GreyDUll eaenenenenennnnte ween ‘forchlight .... Wk BasM .-...-..--<-------. Rock Creek ......, Salt Creek Big Muddy ~ Mule Creek Sunburst Hamilton Dome . Ferris >ROPERTY |Noted Statistician Analyzes Broad Trends in Real Estate Market With Particular Atten- tion to Outlying Holdings. BABSON PARK, Mass., June 28.— What is going to happen to real estate during the next five or ten year? The tenant, the home own- er, the builder, and the investor, are all pondering the question. Devel- opments in the business field tend to complicate the problem. The statement by Roger W. Babson Is- sued today is therefore of unusual interest. “The present real estate ani build. ing boom has been going on for almost ten years, ‘s the statis: tician. “During the war it ran to factory, sites and industrial building, ‘We increased our productive capa- city about 68 per cent and the building of plants ran 190 per cent of normal. Industrial property shot up and the shortage of labor and materials doubled building costs, High prices and conservation prac- tically stopped residential bullding for the time being. of housing facilities forced activity “In 1919, however, the shortage here in spite of high prices. Home building started with a rush from a low of $10,274,612 in November, 1918 to record figures of $206,089.300 in March 1924 according to Dodge fig- ures, Real estate for residential purposes has enjoyed a merket that has more than made up for the lean war years. High rentals have a! tracted much speculative capital. Public works, suspended during war times have been undertaken In rec- ord volume these last three years, a high point of $79,161,600 being made in July 1922. “At present we find the situation as follows: Industrial building ts ru ning at $18,000.00 per month as compared with $80,528,000 in October 1919. Residential building shows $165,375,600 for May 1924, a slight recession from the high of $206,- 089,300 in March 1924, Public build. ings total about a milllom dollars a month as compared with a four year average of; two million. Pres- ent activity, as a whole, is decidedly good, but here as elsewhere it is a question, not of where we are but which way we are headed that is important. The tenant is wonder- ing whether he should buy land and build now, or wait for lower prices. The owner is thinking of selling with the possibility of buying ‘or building later on. The builder, rushed at present, asks himself how long it will last and the investor {= turning from the industrial field where things are quiet (the Babson- chart shows present activity at 13 per cent below normal) to real es- tate as an investment. ‘or is this uncertainty and ap- prehension groundless. We have enough manufacturing capacity to make almost 50 per cent more goods than we consume. World markets, today, do not offer a very ready out- let for the balance. There will be no factory building in quantity for some time to come. Office buildings, like- wise, have about caught up with the demand. The ‘program of: econ- omy undertaken by the Federal Government is due td become the le with state and municipal ad- ministrations during the next twelve months and it js highly probable that the public building program will return to. somewhere near its av- erage proportions, “Residences, however, are differ- ent because there is more than econimics ‘and ‘arithmetic in’ the matter of building a home. Yet it 4s doubtful, that anything like the rate of the last two years can be maintained on higher priced rea! dences. The speculative builders who have come into this field ex- Pecting ‘to get from $80 to $100. month for houses that have brought $40 to $50 a month under fairly nor- mal conditions are likely to be dis- appointed if not financially em- barrassed. © bent. “In analyzing these figures on home building.” continues Mr. Bab- sen, “I find that 75 per cent of the houses built since the war have cost the houses built have been avail- over $6,000, that is 75 per cent of able to only about. 10 per cent of the people. Nothing to speak of has been done to relieve congestion and provide fit housings for those who cannot pay $60 to $100 in rent or its equivalent in upkeep costs. Par- allel to this pertinent fact we find the influence of the automobile. Our cities used to be bound within the iron ‘ring of ‘practical transporta- tion.’ People had to live where they could get work, We developed slums by packing workers into crowded quarters under the smoke stacks of our great fectories. Cities grew along the trolley ‘ines but slow going forbade great distances. “The automobile has broken these barriers and our cities are spread- ing out. From the real estate point of view every good automobile road has the significance of a trolley line. Five miles as a practical limit: has been stretched to twenty-five. As more; reasonable building costs de- velop wa shall trade our slums for wealthy suburbs, and suburban property will enhance in value at the expense of the older residential districts that are, too far out for business purposes and not far enough for the new order of houses. “Statistics would suggest.” con- cluded Mr. Babson, “that the great’ development of the next five to. ten years in the real estate markets will be a spreading out into the suburbs, Here the tenant.will find lower rents and enough room to raise his fam- ily decently. The owner will know that he has a sound investment that is being strengthened by the broad trend of fundamental conditions. The more astute builders are al- ready planning to go in for small home building as the rush for fancy houses at fancy figures slows up. It would be ridiculous to say that all suburban land js a good Invest- ment but I would suggest that: the man with money pick the best Auto- mobile roads in his city, follow them out until land can be bought by the acre rather than the lot, then buy at a falr price for a long swing in- vestment. Good suburban — land bought at the right price should be the best real estate investment dur- Mg the next five years. - BABSON| can work together ‘to supply ali sec- tions where men are required and we believe it can be done.” ¥ These facts are of beds Ga be Importance to the merchants manufacturers as to the farmers, themselves, Wheat prices are fair- ly strong at-this time and thg 33,000 cars stationed in the wheat districts will carry a flood” of ready cash which will hardly hesitate before it begins to flow over the counters of the merchants. These merchants have their shelves Nightly stocked. pobre Sie Everyman’s Investment Thirty-sixth Article ‘ “Safety” A Relative Term The question I am_ constantly asked about specific investments is whether the stock or bond under con- sideration is safe. The inquirer is almost sure to say that he wants the highest possible return on his money but that the first consideration must be safety. Now it is very hard to Know what to say to such would-be investors for “safety” is a relative term. | ‘There is no such thing as absolute safety of investment unless it be in a United Stat Government’ bond: ‘That comes about as near being absolutely safe as any security can be. After that investments grade all the way down until they cross the line which separates them from speculations and even that line is, in- definite. Various investment author- ities have rating systems whereby they grade securities according to their particular notion of their rela- tive safety. No two authorities agree in all respects as to these ratings. Securities with an active market may be roughly classified according to the return they promise on ‘the money invested, In a general way the higher the return the greater the risk although to this rule there are exceptions. More important still this question of relative safety is never permanent- ly settled. These same rating ex- perta continually revise their esti- mates. A bond they grade “A" may be reduced to “B™ months hence or visa versa. Perhaps the point can best be illustrated by taking two stocks, one the New. Haven and the other United States Steel. Twenty yedrs ago the New Haven sold around. $200 a share and was con- sidered a conservative investment while United States Steel was selling under $10 a share and considered highly speculative and at that time both these estimates were correct. ‘Today the situation is reversed. The moral to all is that every in- vestment list ought to be periodical- ly revised, certainly once a year and. preferably once every six: months. It ig not necessary to make constant changes in your {nyestments, It is necessary to take stock from time to time and consider whether changes ‘n fundamental conditions may not have made advisable the sale of some securities and the purchase of others. Obviously this review can be under- taken only by some one. well qualifi- ed for that purpose. That is the business of an investment banker and ordinarily he should be the one to consult but as has been said pre- viously in those articles you should use the same care in the selection of your investment adviser as you do in picking your lawyer or your doc- tor, Take advce only from those fitted by training and experence and with long records for conservatsm. $< __—— For results try a Tribune Clas- sified Ad. GRAIN PRICES SOAR IN CHICAGO MARKET CotniiConohes: New High for Year on Basis of Favorable Field Conditions; Wheat Not + Depressed by Harvest. CHICAGO, June 28.—ComiPared with a.week ago prices for corn and oats on the ‘ Chicago exchange amunted to 5 to 8 cents a bushel ad- vance, soaring demands throughout the week having carted «quotations to new high records for the after having weakened at the close of the week, today’s trend being un- certain. The close was easy with July wheat at $1.14% and September at $1.15%, while July corn olosed-at 93%c and September at 92c. Soaring prices for corn were attri+ buted to reports of crep experts that field conditions will not permit a normal crop unless a late fall is ex- perlenced. ‘These reports continued through today’s session when fur- ther gains were recorded, The wheat market apparently was not affected by the slowness of export demand or the beginning of harvest operations in the southwest. Glosing prices for grains and pro- visions follow: CHICAGO, June 28.—Close — Wheat —July ° $1.14%; September $1.15%; December $1.18%. Corn: July 93%; September .92; December .82/ Oats: July .53%; September 46% December .48 1-9. Lard: July $10. September $11.15. Ribs, July $9. September $9.95. Bellies: July $10.1 September $10.52. Farm Workers Pour Into Kansas as Harvest Opens By J. C. ROYLE. (Copyright, 1924, Casper Tribune.) NEW YORK, June 28,—A swarm of workers is pouring into Kansas today. They had been held back Uke runners on their marks until barv were actually begun. Harvesting is in full swing in Harper county, Kansas, as well as in Pratt, Stafford, Reno, Rice, Bar- ton, Pawnee and Edwards counties. The movement in those localities should be in full swing by June 28, What this means may be better un- derstood from the-fact that the ad- visory board of the Amertean Rail way association estimates that the trans-Missour! wheat crop ts 26 per cent greater than last-year. Thirty. three thousand grain cars have been assembled in that territory to carry this crop to market. It also means millions in wages, ‘The {federal employment service has, been holding in the cities those men able to remain, in order to prevent congestion in the fields before har- vest actually started. Now the ban is removed and the men who have been held idle in cities spending thelr savings are starting to earn $4 @ day and board and starting to spend it also, This will amount to almost $200,000 a day in Kansas. The harvest ‘also is in full swing in Oklahoma, but some men are trickling into Kansas from that state. Employment agents believe they will be able to supply the thou sands of men needed, but the recent hot weather matured wheat unex pectedly. George E. Tucker, field director of the central employment office at Kansas City, has sent out the following message in thie con- nection: “Let none of us gét panicky. We ean not control the weather, but we GROWTH OF ¢ Steady Expansion~ in In Statement Covering tions hh: Shoin ae Year; Officers Are Re-elected. Soundly organized and tively conducted, the Casper tual Building and Loan association has become the second largest U- nancial institution in this city. conservi Mu- Miscellaneous Receipts— Total 210.50 769,205.69 a- eed ishursements, loans author ewe--$ 499,110.29 on Paid oi, ad 155,405. ‘At the twelfth annual stockhold-|‘Stock Redeemed ---<-- 405.65 ers’ meeting Wednesday, evening J.|Interest Paid ---.----- 3,404.60 M. Lowndes, secretary included in| Salaries (Secretary, 4 his report the statement that the} Bookkeeper and Janl- b authorized capital of the assocla-; tor) ------- wenesnanse 3,554.50 tion is $10,000,000 and that of this|M'scelaneous Expense 159.23 amount $8,887,000 hus been sub-|Insurance Premiums —. 026.09 serlbed. Taxes Paid 161.47 During the past fiscal year 223] Refunds -. 3,242.79 loans were made on 4,312 shares of} Advertising 193.28 stock. The total of these loans} Postage, stationery ani came to $733,040, premium bids av-| printing --. “ 706.86 eraging 43.34 per cent. Office Rent 550.00 At this time close to $3,000,000 in| Telephone 80.00 loans {g outstanding. Present trans-) Commissions on stock actions show the receipts to be av- sales 2,899.50 eraging about $70,000 a month. The| Furniture and Fixtures 571.66 association is now issuing stock of|/Cash on Hand -—. 92,139.77 the thirteerith series. Stock of serles| Total — $ 769:205.69 No. 6 has been matured by the Resot y Years. board of directors. First Annual Statement’$ 27,669 The twelfth annual statement of|Second Annual State- the fssociation follows in detail: ment ----~. 3 wwnne 79,718196 Mesos Third Annual Statement 133,193.95 Bills Receivable, 14.259 Fourth Annual State. ‘ shares at $200.00 - 1,800.00] ment --—- - 206,222.10 Unpaid Dues 26,485.00| Fifth Annual Statement 327,252.30 Unpaid Interest 16,496.64| Sixth Annual Statement 473,164.53 Unpaid Fines Seventh Annual: State- Taxes Paid — ment 670,199.66 Insurance Paid __-----— Eighth Annual — State- Furniture and Fixtures _ment =818,243.84 Cash on Hand Ninth tate- Total _..--- ment. ~ --- 1,145,590.36 ‘Tenth Annual Statement 1,512,220.73 Sedg gece 2 ee Eleventh Annual State- No. 6, run 84 months $165,396.00] .”fn ~"aAnoual’ > imo Accrued earnings on iberiets.so same Aisi -~) 160,086:60 | | OM eae Wala 1578 shares of Series No. . =p Paskent Yo rup.¥8,thonths...-)/ 119,966.00). oy. a aenemmeen Aconred s SeReninEs'<j0, Gress 1917 $84.00 $81.20 $165.00 Wonerutadee Semele $ 1918 72.00 59.64 131.64 8, run 60 months -. 805,640.00] § 7818 00.00 Soe 2H ACprucd, CAP RIAIN. 290. rads sche 108N ta aE RRO 92 “ 210,977. 22. * Bb 2 9684 shares of Series No, bb eters ee bi ae 9, run 48 months -. 404,892.00] 17 ASS Ban na ala, Accrued’, earnings — on onal Pent ee - same 250,688.10 | Piet: Ser > 5455 shares ries No. ian, 10, run 36 months -. 196,980.00) Phird, Year — Accrued’ earnings on sn phiem ache § same 81,829.79] oth year” 7704 shares of Series No. fee eeeee 2 11, run 24 months -. 184,896.00 | rar Sean; Accrued earnings on * Cd Sat same “2 > ey apie | Mipth Near 12956 shares of Series 2 alos er ice : foie aa os ey Seatac le 165,472.00 | eifth Year '--43.34 per cent eg 21,291.63 | All officers and trustees of the as- Suen nan aaa intact sociation were re-elected. They are: paid ‘ncaaekaee 9,223.07 P. C. Nicolaysen,, president; M. Praaiucos AM. 16 tee P. Wheeler, vice president: J. M. MSAY ef teal Bille: ee. Lowndes, secretary; C. H. Town- pecan 427,770.00 | #224, treasurer; W. 0. Wilson, solict- Balance due on loans = ~~—~*| tor? Charles Anda, J. W. Johnson, perpen 108,938.92 | Oscar Hiestand and George B. Nel- Total... 2,998.976.50 | 80", trustees. On the valuation igeasmtt ot committee are Mr. Johnson, Mr. Balance op Hand, Dues Received - Interest Received Fines Fees Loans Paid Insurance Hiestand and Mr. Anda. ee There comes a time in-the life of everybody when the difference be- tween earth and heaven is only the thickness of a brake lining. See Wyoming torway 2 Play Colorado and the Laws of Average With Hamilton Salt Creek Well No. Acre Lease 1950 Yards North of the 5, Barrel Oil Well of the Texas Compan Craig, Colorado, and 1, ing Well. Mile North From 1 Now Drilling (Night and Day) On Our 600 000 (Five Thousand) Y, Hamilton Structure, Their Second Drill- Five (5) Separate Chances to Win With Hamilton Salt Creek: (1) ture, Craig, Colo. (2) Midwest Refinin, 600. acres appro.imate: made a location to drill Neighbors.” (9) very near future, (5)~ Hamilton Salt Creek controls 1800 acres Salt Creek F mately 1 1-4 miles from production of the Midwest Refining Hamilton Salt Creek is capital- ized for $600,000 or 120,000 shares par value $5.00 share; incorporated under the laws of Colorado. Think of what this stock will be worth when our well now drilling on 600 acres hits the pay; not con- sidering the other four bets that Mr. Eshelman secured for this company through his early pioneering and first hand information, any of which will make thé stock of Hamilton Salt Creek worth many times par. Mr. 8. F. Eshelman, Presi- dent of tbe felt Creek Oil orporation, is supervising th drilling of well No. 1 on our 600-acre lease. Mr. Eshelman Hamilton Salt Creek now drilling well No. north of the five-thousand barrel oil well of the y 2 3-4 miles east of tk 1 on our Texas 1540 yards north of this 800 Transcontinental Oil Co. now drilling on Beaver C: Hamilton Salt Creek controls 1220 acres on this structure. (4) \ Hamilton Salt Creek owns 440 acres on the it is rumored that the Midwest Refining C 0. will drill was drilling superintendent for the Texas company, and the now famous fiye thousand bar- rell oil well wag drilled. under his personal supervision, and he feels confident that the well he is now drilling will be his second five thousand barrel oil well in Colorado, Compare our holdings and capi- talization with any other com- any, and then use your own est judgment. This ‘company is managed by, experienced oil men of the Mid-Continent field, i not a‘10c stock selling organ- ization, but a Company organ ized for the purpose o: money from the production of erude oil, and — is making | 600-acre lease 1950 yards company, Hamilton Struc- Co. drilling on the iles Structure, Colorado, Salt Creek owns well, and the Texas Company have “acre lease. “Aristocratic reek Structure, Colorado. ¢ Pagoda Sliucture, Colorado, and on this structure in the ield, Wyoming, approxi- Co. WE OFFER SUBJECT WITHDRAWAL ~— WITHOUT NOTICE, FOR FINANCING ae pret sg OF WELL hae F SHARES OF THIS STOCK AT PAR $5.00 PER SHARE; ALL OR ANY PART. BROKERS WIRE, Action, not promises, is the motto of this new and active independent oil corporation. FLASH! The Prairie Oil & Gas Co. | (Standard Oil), are now at work laying a pipe fine from | the field to Craig, a distance of | 16 niles, ing ybuge raig: Storage facilities at |take care of the praduction 'from the field. TO J..P. DEMPSEY & CO. Fiscal Agents, Haniilton § 222 First N: The Securities Act (Colorado) Com of State Sept. 17, 1923. ational Bank Bl] alt Creek Corp, dg., Denver, Colo. plied With. Prospect: Open to Public Insnention., Filed With Secretary Copy on Regueg |