Show ‘Tr v" ' - t "'k wV THE SALT LAKE CITY UTAH TUESDAY SEPTEMBER 18 1917 HERALD-KEPUBLICA-N MINES AWW1H11G ARGENTINE WILL Now’s theTime $22326 SAlfS DAY DOUBLE OUTPUT to Utah ' Boost Stocks Mining ON MINE EXCHANGE 30 DAYS Business on the mining exohange yes' terday recorded a little heavier total than at the opening1 day the previous week yet with & few exceptions the day was one of general weakness The eastern markets also were off There was but one local call yesterday at Z p m on account of the military pa1 - Directors Tell of Opening New Ten-foBody of $35 Ore ot ' rade '' I s- - s ' well under 8800 shares It varied but 5 sales of points or from 157 to 152 Some support seemed suddenly to appear on Sells and It frightened the bears off Sioux was' hammered still lower going to 6 cents Poor old Tar Baby shrunk down to 6 cents' an almost 50 per cent fall from its recent :i high Emma was down to 82 cents Standard to 3147 Wilbert to 30 cents and many were slightly depressed others ' Sales yesterday totaled 101436 shares valued at 32232669 The official 'closreported ing quotations and sales were ' Columbus-Rexa- held ll Rico Argentine Is now shipping 25 tons dally from the company operations on the new lower tunnel level and with bed of the opening up of a new ore on the intermediate level this "production will be doubled In the next thlrT ty" days'-- The property In both this ground and the Log Cabin leased workings above Is In splendid physical condition This Is the gist of a report brought in yesterday from Rico by Fred W Price managing director and as follows: Dr A E Rykert director who had been out on an inspection The work in the lower tunnel Is in COO to 700 feet from the portal and about 400 feet on the dip under the Log Cabin workings A new raise from the main level to the Intermediate is up and Is being timbered preparatory to ore breaking Shipments from here will be started In ten days Thisbed measures up 10 feet In thickness ' It ' samples 6 per cent copper and 12 ounces silver That is 430 to 310 ore gross 10-fo- ot ‘ - w v - - 500000 Shares Capital Stock “Nothing could so generally help the Utah mining industry and Utah mining stocks as the advance of the price of silver’’ said a Salt Lake man yesterday who is in closest touch with the local stock market “Nothing would afford so good and respectable an excuse for boosting our mining 'stocks as a conspicuous rise in the price of silver Here we have47 silver cents from around going by Jumps an ounce to 60 then to 70 80 90 and finally above 31 It will be' a splendid psychological moment to get in and boost w’nen the federal commission finally fixes the price on copper steel and other metals That these prices will be generally satisfactory is practicalof ly assured All hints coming out Washington have pointed in that direction “Depressing the market now with metals all high and the mines never before in their histories In as good physical condition is not justified and should be discouraged by all hands” ¥ i oil well was brought in at Notches Two weeks ago a This is the first production from the Embar sands in this locality’ and as a result unusual interest has been directed toward this new oil field generally known as tbs great Powder River dome which is known to be underlaid with this Embar sand The new well at Notches is owned by the Western Exploration ' Co which is said to be - controlled by the Midwest and which in turn is called a subsidiary of the Standard Oil Co Geologists and operators concede that the bringing1 of this well proves the existence of oil pools in the great Powder Petroleum Co purchased its holdCaspcr-EmbRiver dome and a lively scramble has followed for leases in the district — who acquired them long 'before the stampede in fact at a time when they practically had the choice of ings from operators ' ' the entire field f 4IIan nr being mad avernlght by Investors In tbe Wymnlng oil fields A well Is strnek In hlthertn "Tknmli field Instantly ether outfits nre at work sear by sew eompssftes oprlag late beiag and Jnek wblek undeveloped was worth a few eests beglas to bedrilling quoted In dollars— Rocky Mountain News Denver Colo of Sunday September Z 1S17 ay- ar - -- Geology of the Great Powder River Dome 4 ! Old Park City ivline Pays $45000 This Year and $2940000 Total of-1- six-month- i y ar ' " Several weeks ago P 'J' Mackintosh one of- the directors of the Three Kings Mining coftipany Park City applied In Canada for the aviation corps Tester-da- y his partner W R Elliott general manager of the company received the following message: “It may please you to know that your ex partner was the only one out of class of eight to qualify for the R F C (Royal flying corps) Will leave tomorrow for Toronto where we train” Mr Mackintosh is a citizen of Australia and a mining engineer - ry 1 SAN FRANCISCO QUOTATION'S are from Ask Purposes of Company ' is the aim of the company to develop the maximum of oil production from the extensive oil lands now owned or later acquired on the great Powder River dome in the state of Wyoming and extend operations from time to time as deemed aggressive progressive and advisable and for these purposes the proceeds from the sale of the 'present treasury stock offered t will be used rs r - at 19c Albion 1200 at 51c 3000 at 5)e American Consolidated at " - Copper 13)c Beaver Copper- 2000 at lc Big Cottonwood 1000 at 3c 500 - - 27500 at 3c 3cColumbus-Rexa- at 3155 8200 at Cottonwood King 3000 at lc Carbonate Consolidated 1000 100 ll 31-5- 500 500 31-5- 7 at at 2 at 19c 100 at 28c-Dragon Mines 202 at 34c Empire Emma Consolidated 100 at 82e East Crown Point 3000 at lc Eureka Bullion 1500 at 51c 1000 ‘at 5cIron Blossom 400 at 88c 400 at 89c 49LehI8Tlntie 6000 at 2c ' ' - r SATISFACTION GUARANTEED and If you want prompt efficient or honest service selling mining stocks call up H R COLE who can give 'you the benefit of nineteen years' experience P S — I ‘have a limited number'of Embar Petroleum Co shares of17Casper stock ut J cents per share while they last when-buyi- ng HBCOLE BROKER 1 Stock Exebem Bldi at 23c 2700 Michigan-Uta- h New Quincy 5d0 at' 11c Original Bannack 2000 at 5c Pioche Bristol-1000at lc Plutus 300 at 39c 400 at 98c Prince Consolidated Paloma 3500 at y v- Provo 1000 at 3)c Reeds Peak 3000 at Sc Sells 1500 at 18c Sioux Consolidated - 500 at 61e 500 at 1000 at 61c 6eSouth Hecla 285 kt fl Tar Baby 1000 at 6c 2000 at 61c 2000 6c 4c' - ' at Tintlc Standard 1500 at 3147 " Wilbert 1000 at 30c ' 15c 8000 Toledo at West Total' shares sold 101436 selling value 32232659 - : - - ng Western Plains Oil INDUSTRIAL Clear Springs T & P Hyrum Silver Machine Sunset Color Works Thompson Malted Food' Utah Fish Screen The company owns by proper assignment approved by company counsel over 1000 acres of oil leases on the great Powder ' River dome situate as follows : Southeast quarter of section 8 northeast quarter of section 17 north half of tlie southwest quarter of section 29 south-easection 5 all in township 41 north range 81 west quarter of section 30 southeast quarter and northeast quarter ofthereunto tenements and belonging or in any wise appertaining appurtenances together with all the rights privileges sf Drilling: on Adjoining: Properties BADGER V BROTHERS BROKERS 106 Main Street— Phones 946-94- 7 Private Wires to All Mirketa of TTado ' Chicago Board and Salt Lake stock 4ft Mining Exehaagsb Box and Sell on Commission Stocks Bonds brain Cotton Local nhiy and Industrial Stocks J Heda-Wyoming-Jupit- JJ A K loglo ' k Listing of Stock ' ar 01) 04) 17) 45 15 06 02 08 20 50 04 05 08 ! 10 '50 100 01 75 03 6 6o - -- yea-terd- ay - Casper-Emb- ' m Vrd Ex 3600 13760 V 7 - ' " " ' - - ' V4‘ i ' 4 : Osrdeo- - Sal ng DUTTON STALEY & CO CASPER WYOMING The Casper Trust Co has authorized the following brokers to receive applications for stock of this allotment: Dem &Thomas Newhouse Bldg Salt Lake City Dyer & Co- First National Bank Bldg Denver Colo & Col First National Bank Bldg Denver Colo Antonides 0 S Herzig Go Bqston Bldg Salt Lake City Stock Exchange Denver Colo People’s H B Cole Mining Exchange Bldg Salt Lake City Lovewell A Spronl Central Savings Bank Bldg Denver Colou Evans Morris Whitney Go Mining Exchange Bldg: Salt Lake Badger Broa ICO Main St Salt Lake City' J ' City L L Winkclman A Co 44 Broad St New York City N Y Montana-Wyomin- g W H Child & Co Mining Exchange Bldg Salt Lake City Public Oil Exchange Casper Wyo A S2 Co A Main Street Salt Lake City Badger Ralph Wyoming Oil Brokerage Co Cheyenne Wyo Ohessher B San Fernando Bldg Los Angeles CaL H Hejrig Steele A Co Sheridan Wyo Dines A Co Equitable Bldg Denver Colo - ' — — ' 2- oil-beari- ar - 871 560 ar - I j ' area on the Powder within the Petroleum Co ideally we informed structures state in are the all perfect struo-i- n one the be to dome of dome geologists concede the perfect now course drilled wells in on section adjoinof oil are being production Wyoming thus far developed have yielded oil in inftof belief the our is that cases Co in four It bringing any one or all of ing the property of the Casper-EmbCasper-Embar' Co assets cause the stock to Petroleum promptly these wells will greatly enhance the intrinsic value of the advance in market value- heavily we conscientiously believe the new Powder River oil field will prove the existence of one of the immense oil pools of Wyoming and that this stock will return immense profits to its buyers at 17e both from dividend disbursements and advances in market value As a Wyoming oil venture possessing immense potentialities? Petroleum Co stock at the price quoted 17c per share we advise the purchase of Casper-EmbWe believe the offering will be oversubscribed So far as fairness will permit it is the intention to accept subscriptions in the order received Reservations should be made promptly Wire orders to Casper Trust Co immediately We earnestly advise that applications for amounts desired be wired to Casper Trust Co to be followed with full ' promptly If desired stock will be forwarded bank draft attached The holdings of the 1 D Daly Summary located we consider ar 05 0 l- : Oil Exchange in Casper and Application will be made by the Casper Trust Co to list the issue on the Wyoming-Montan- a 30 of from within made subscription lists herein mentioned closing other exchanges as decided upon Application will be da'ys Petroleum Co stock at 17JAc per share We advise the purchase of Casper-Emb- Members of the Salt Lake Stock and Mining Exchange Correspondents of & Logan Bryan Quotations are constantly received over our private wires from the world’s markets and Impor' tant ' events likely to affect financial BOSTON CURB CLOSE were received ' Tlie following quotation sentiment afe furnished us immediately by Badger Brow private wire: 4 offices will demonstrate I Bid Ak A visit to ou Bid ( Aak value the of this service B Minee lllZ7U3SO K B B 225 2874 95 I 100 6S 75 IX ' Dmiglaa Boa Ely 2408 Obk 1SS Main SL Hudson ISIS 100 Clif Con Ave 2624! 275' i Cop 4 U - eri - Prudential Elk Basin at 31c Lemhi Gold: at lc Lehl Tintlc at 21c Cottonwood King at lie Western States Oil at 5c NEW YORK CURB CLOSE Tbe following qnotatloiw were received ye terdajr by Badger Bros private wtrt:- Bid Akrj Bid Ask 15-1S lAono ExJ 18714 i 212V4 Alta C B Cot 425 487 900 I 925 luf See nts 9000 18100 Cop’mna 50 I 100 7m Cop BRKf i 51 14 twasatch 10 j 15 IPac Gaa 4760 1 Ely Con 1C I Bloe Jerome 193 62141 206 4460 14560 IJer Vrde 15ft! 162 Magma 50 78 362UI 375 Red War Ray Her The holdings of the company adjoin properties on which other operators are now drillicg Wells or are preparing to drill new ones as follows: Western Ex section 16 township 41 range 81 Western Ex section 28 township 41 range 81 Tobin Interests section 28 township 41 range 81 Tobin Interests section 29 township 41 range 81 joint account section 9 township 41 range 81 SALESL 1000 2000 1000 1000 5000 -- Properties of the Company i Utah-Wyoml- It i - Alta 'Consolidated-100- 10 o’clock a m ar Below are the quotations and sales at the Western States Oil & Stock ex- days Treasury Stock Offering Trust Co subscription lists will be open for applicaSeptember 17 1917 at the offices of the Casper Casper-EmbPetroleum Co at the price of 179 tions to 500000 shares of capital stock oPthe treasury holdings of the per share net The lists will remain open until midnight September 30 1917 or be closed earlier and without further notice at the discretion and by the action of the Gasper Trust Co ' The privilege is reserved solely to the Casper Trust Co to reject ‘ pro rate or allot any or all applications received At Western States Sales and Daily Quotations Alamo Alta Divide Baker Bull Moose Bingham-Tooel- e Boston Metals Big Hill Carbonate )£eystone a Cove Copper Uranium Cottonwood G C Copper Belt Cottonwood Atlanta Dugway Bertha Delsa Eureka Lily Gold Hill Hole in the Wall Iron Copper M & M Johnny Logger Lynn Big Six Lemhi Gold e b a Phoenix Pacific Extension Rochester United Selma Silver Dipper Salt Lake Silver Side Tungxtonion Silver Tungsten f e S&ntaqufn King Three Kings P CL Valley View Radium Wayne Mines WasatchCounty OIL Alberta’ Pet c9n American Oil Big Indian I Casper Embar' Hecla Wyoming Mutual Oil & Gas Prudential Elk Basin Oil Western States OH Petroleum Co ar ' - 'MINING Casper-Emb- Capitarstock $1000000 shares 25c each all common stoek $500000 stock in treasury $500000 stock issued and held in escrow by' Casper Trust Co ' The company has no indebtedness or liabilities of any kind whatever ' President COLONEL SAMUEL NEWHOUSE Capitalist Salt Lake City Secretary-Treasur- er PERCY M CROPPER Treasurer Ossrper Trust Co Field Engineer SID KEOI'GHAS Casper Wyoming Consulting ' and Transfer Agent CAMPER TRUST CO Casper Wyoming Registrar HON FRED HAMMOND Casper HON A J WEBER Salt Lake Counsel HON WILLIAM H KING U S Senator Washington - ' Bid - 0 change yesterday: he There is absolutely no questioning the statement that millions of dollars of new wealth are being distributed monthly from the steadily increasing oil production taken from the state of Wyoming Hall Oil advanced 25c to $100 Grass Creek Oil & Gas advanced 14c to 90c between --January and September 1917 Midbetween March and September 1917 Glenrock Pet advanced 40e to $900 between August 1916 and August 1917 March to and advanced between $10 Oil west advanced $40 to $189 between August 1916 and August 1917 Merritt $41 Ex Western advanced 1917 $2 September 1917 E T Williams advanced 50c to $3 50 between June and September to $6 between August 1910 and August 1917 Grass Creek Pet advanced $90 to $360 Northwest advanced 40c to 95c between July and August 1917 Tt has been the rule that our clients who have purchased the Wyoming oil issues recommended-bns have made money We advise the pnrehasa recommend and invested been immense instances have their the In many money 'considering profits the stock confirmed a most excepoffers belief Co Casper-Eraband Petroleum stock at price offered 17V£e It is our best of new the in to future the new wealth taken from the ground make money and thus share in the tional opportunity by Wyoming ' ' oil ventures' v- - Butte Mont Sept 17 —Properties of the Anaconda Copper Mining company closed since August 24 because of a walkout at the Washoe works in s Anaconda resumed operations today At Anaconda and Great Falls where the smelting plants of the company are located more men applied for work than were needed for the morning shift at all the mines of the company In Butte work was started but because of the absence from the district of many miners it is expected that full shifts will not be secured for several en-t- New Wealth from Wyoming Oil Fields J s self-explanato- perfect structure of shallow Inexpensive drilling and with the combination of conditions territory aturaladvantages physical and Intelligent work I can see no reason nrhy the dome capital should not develop into a very prolific oil field with legitimate Investment proving most profitable" (a)t Gsalaartcat Jaly 14 1919 by Dr Reward Evaas Elliott “I consider the Tisdale dome (local name for Powder River ef developdome) a most perfect structure and most worthy record of failure ment and will state that there is'anot a single in the state of Wyoming where perfect doixm structure has been drilled with proper geological conditions existing as they do exist upon this structure” - Royal Flying Corps Member'Is From Utah Montana Smelters and Mines Resuming Work BMrfAiik afn - According to a report deceived from Casper Wyo yesterday two geologists working for California people have Just finished an extended examination of vicinity domes The report says that they agree with the previous reports made by geologists The field has been examined by Carroll H Wegemann of the United States geological survey Edwin Hall and J C Beeler former state geologists of Wyoming State Geologist I W Trumbull T H Harrison J p S Sur D W Hudson Hr Howard Elliott Evans and many others Three oil sands' they say lie within striking distance of the drill namely the Em bar Tensleep Amsden at approximately 1600 1800 and 2300 feet below the crest of the dome - Ja - - Wyoming OihFields Vietved by Geologists -- 1 m - other respects the two anticlines are very similar and apparently were produced contemporaneously by the same forces acting in the same way beds “Even should the Dakota ( ?) sandstone and the other posthe dome another gennear' it prove unproductive throughout tested in this upsible oil stream exists which has never been division of the Embar formation a eral region This is the field strata in the productive red of the Lander per part although beds that area are for the noit part in the Chugwater which fiverlle the Embar” 16 1917 by D W Hudson (4) Geological Report California Geologist i a) Petroleum Series Bulletin No 4 University mt Wyoi Ing April 1901 by tbe Into Wilbur C Knlghtt ''“This field (Powder River Dome) must be conaidered one best in Wyoming The structural features are ideal There of the is one very thick bed of oil sandstone exposed with good evl- lower sands and the possibility of a fourth in the denqe of two On account of the gravity of the Permain or Carboniferous but Powder XUver oil flowing wells should not be anticipated In case oil occurs In the Permain or Carboniferous a spouter may be looked for” ' 1XO State Geologist of Wyoming Bulletin No It L W(b) Trumbull sayst Page “Up fto the present time every perfect structure drilled (Wyoming) has proved to be a reservoir” e) U' S 8 Geological Survey Bulletin No 471 field work ' done In Oetobcr-Ni- rr ember 1910 by Carrell H Wegemann sayst "The area under consideration (Powder River Dome) lies of the Big Horn Mountains of Wyoming in townJust southeast ships 40 4Land 42 north rang 51 west and portions of adjoining townships “The whole' structure is a duplicate of the anticline at Salt Creek except that in the Salt Creek anticline the northern dome is the- larger and produces the oil In the Salt Creek dome only rocks of the Montana group are to the surface whereas in the Powder River dome olderbrought formations are exposed In - s The following quotations Badger Bros private wire The following are excerpts from geological reports: t DALY DIVIDEND Directors of the Daly Mining company met yesterday in the offices of Col E A Wall In the Kearns build the regular quarterly ing and declared dividend : It Is 10 cents a share It will be paid on 'October 1 to stock of record September 22 This requires the payment of 315000 It will bring the dividends of this year up to 345000 The grand total paid so far by this old Park City mine will be 32940000 This Is on the 150000 shares issued After a long interim the Daly resumed divi dend payments this year This was with-acents or '315000 initial on April 10 The company has been shipping considerable are lately The preliminary figures of shipments from Park 'City In September credited the mine with '820 tons This Is compared with 564 tons in August 315 in July 319 In June and 370 in May Thei total for the first of this year according to these figures was 1783 tons Much of the ore is high grade bringing several thousand dollars to the car ' 17c-N- ET Another Oil Field for Wyoming — Powder River or Tisdale Dome ‘ $15080 OCT Fetroleum Co Caspcr-Emb- ar - values In the other lower bedding which has been producing at the rate of about 20 cars a month the ore face la 20 feet wide This samples 5 to 6 per eent copper and about 9 ounces silver The ore carries 38 combination lead-zin- c values metallic cent per When the ore start coming from the Intermediate the production wlllbe at once Increased and Mr Price expects to see the present output more than doubled by the middle of October In the old Log Cabin workings the lessees are breaking ore from three different faces and shipping at the rate of a carload every other day The diin excelrectors found lent shape and indicative of a large and steady tonnage The August shipments from the entire mine totaled about 44 carloads The July output was 40 cars these-working- PRICE " ' ‘ -- i ANNOU N CEMENT OF OFFERING 1 NEXT - ' A V fcrD |