Bisbee daily review., 1918-04-23

The American oil Exploration Co. outright 32O acres of oil land in clcse proximity to above properties, in the same identical formation with these big producing wells.
 Can any one form any better proof of the prob- abilities of this land?
 Midwest Refining earnings, s1654SO12 or s32S7 a share during year.
 Annual statement shows assets of slO,6SS,sO1 in excess of liabilities. Book value of shares in De cember put at SS5.2S Now much greater.
 The Midwest Refining Company of Wyoming last year earned Sl6,54S012.Sl net after setting aside S276214S.73 for income, war excess and state taxes and s54I75S9 for depreciation This is at the rate of S3237 share for the 511167 shares of capital stock outstanding and is equivalent e 647 per cent the issued capitalization O. 52555S350. par value The above statement is vivid end fOrcefui example of the probabilities n present day realities in Wy oming oil fields
 Tho American oil Exploration O. have very OK tensive holdings in the very heart of Wyoming oil fields besides many thousands of acres in Colorado, Kansas, Oklahoma, California and the great GuSaer fields Cf old Mexico. This aggressive Corporation is under contract to drill F wells during the present summer The first well now being sunk on section 22 Of Richards Field where the company Is selling oil leases and where they expect to bring in a big well A 50 barrel well having been struck at the 2d oil sand ct TOO ft by the Landers Oil Company, i'm mediately adjoining and in the same idental fOrma- ton the holdings of the American Oil Elaboration Company in Richards Field. Lander's and Richards field shallow and the of bringing in oil wells in this district is comparatively small
 The brinaing in Of a second Wall creek well on section 21 of the Salt creek field by the Stocks family is interesting to the shareholders oi the Con- soiidated Royalty Oil Company, which owns large Dart of the royalty this tract adjoining Bishops Dome field on the west. This well has settled down to 8 steady production of 50 barrels, which would give the Royalty Company approximately 60 barrels of oil on cash income of more than SSO day or about S25.0O0 year.
 The company will send out cheeks for the second on at D l-2 a share. The next dividend. according to officers will be at the rate of 12is per cent per year Denver Post April IS, 1918
 Increases in the price of crude oil in the Mid Continent and Wyoming fields are responsible Tor increase in the tank wagon prices of refined oils in Chicago today, when advance of l-2 cents gallon in gasoline end of 1 cent in kerosene was posted by the marketing companies. It is probably that similar advances will be made in this terri tory."-From Denver Post. April IS. 1918
 Advances in retail prices of gasoline and kerosene generally based upon an increase in the refin- CTS price 10 the marketing companies in which the ci refining companies would profit In spite of in- creases amounting to 50 cents a barrel on crude iu Wyoming since Jan. last. there has been no ap- pTeciable advance in gasoline or kerosene mp to the present time but h is unlikely that the situation will continue for any long period
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 It will be well worth your while to look into this attractive form of investment Frederick Overfield local Representative fer the Warren District with offices at Main Street. opposite Copper Queen Library. Write cal for further information. ND FISCAL AGENTS
 Securities Company HELD, Representative
 No. Main St., Bisbee, Arizona