~-- = f OLD PETROi: b &.Aid)

ARE AGAIN NAMED\ Oil and Gas Shareholders \

Close Battle Peace- \ fully

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Fo r once, th e Petrol on & Gas Company , I Limited , lived up to the reputation\ ot the bird itselt, for yes terday's

annual meeting of: shareholders was as

storn1y as could be desired. But all end- \

ed In peace and good feeling, with the \' old Board ot Dlrt:ctors re-elected. For

four be urs the shareholders, who m~! \JJi

w as rigidly excluded from the me~tlng, but It Is believed that a good d eal o! soiled linen was washed in the process of the long debate.

T h e chief Issue appears to be t he r ights J

ot' t h e v arious cotnPanies to locat e wells J near t h e boundary of their property , t1.nd 1

a lre adv s ome loc tl '. iona h ave b een m ade ' so nea r t h e.tr n e tr h bvra th a t tl' e n ti ighbors l fear t hei r flow o f oil e.nd gas w ould b e \ drawn upon .

Of t h e shareholders present, numbering 1

e bout 100, many are alB<J inte .... eeted tn o ~har con1pantes surround~ng t he property of the P e trol. One of the oe, F . L. Culver, P resident o f the Ajax, and ano t h er was W. ],furr;;t.y Alexander, Secretary of th e A j ax and a ls o a hea.vy shareholder in Petr ol: Mr. Alexander presented the names ot five Jnen fo r e lection as dir e c tors, but when the ,ear rs a nnounced the result of "' h43

te 1 former board was declared elect­~d IMl#IJUows : F . D . Mercer, R. S. W ' l:l«ms, J, lit. ·-· D r. A . H . Perfect e.nd H. G. BtaB • When t he a.nnouncement waa I ~ ~ ... Alexander moved that the elec~ '\kill"Mi' 1'>. (nlmous, and a. •~ lrlt of goodwill J

. rad iate through th e roo1n It le • ocett.,r proba.ble that etrorts wli) •

ec'1ately to eettl • differen '

MONTREAL TO HA'lE HIGHER-PRICED GAS

lWill be $1.20 Per 1,000 Cubic Feet Instead of

$1.00 as at Present.

OIL WELL PRODUCES 1,000 GALLONS HOUR Plans Made for Extensiv

Drilling in Fort Norman District

(Canadian Press Despa.tch.) Calgary, Oct. 29.-0ne thous

gallons 8JI1 hour ie the productio ot the first well brought ix:. ln the Fort Norman district, and the Im­perial Oil Company is preparing to punch a district 200 miles in width and nobody knows how long, full of holes for wells. That these wlll all be producerjj is the word brought down from that district by Alf. Patrick, who drilled the first well which has excited so much curiosity in the oil world.

The location of this first well is right on the. bank of the Mackenzie River. Speaking of the possibilities of getting the oil out of the country, Mr. Patrick is of the opinion that the northern route will be the .more feasible, although there are difficul­ties in that direction in the way of ra.pids in the Bering Straits, a.nd also the fact that the river is open tor only a few months of the year.

Dredging and ice-breakers migh.t even overcome these obstacles , Ir his opinion, should the field devel as he anticipates, it will wa , such procedure.

• \ ~;::. G~~ywi:~L-~~~:~l. ) A driller for the Petrol Oil ·& Gas CbrnpanY struck a w ell, es­

. tims.Wd to be making 45 bar ­' r.,,;.J and 3,800 feet of gas daily,

\in· Dover township yesterday on the i'.e:rm of Chas. Bagnall. One of the

\officials of the company stated to­

' day : "We have every reason to be-liev e that we have struck a good well, and one that will continue to produce."

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PETROL OIL DROPS 1

AND THEN RECOVERS l•'IRl\£ TO~E BUT DULL 'l'RAD·

IXG ON STANDARD J<.JXCHANGE

Canft dian P r ess. A hol ;ua~' 0 : vacation air pervaded the M ont real , A u g . 3.- Gas w ill cost Stand ard Minrng Exchange yeslt'rday, anJ

th e citizens of Mon treal $1.20 per t r ading fell to 31,865 shares. ·pr:ces hel 1,00 0 cubic feet, inst ead of $1.00 a s well, and a rally In Petro l, after a drop in at present, d a ting f rom A u g u s t l, ac- the forenoon. was an Incident of the clay. cordi n g to the j udgment o f the Pub- l ln Lhe Porcuvines 1 Lal-\.e Shore was

strong, selling at $1.19, closing at that li e Service Commiss ion annou nce- tigure. ~lc l ntyre was $1.85 bid ail t.lay ..nent thi s m orning. Ther e will be without s:..i lE:5. Kir1tland La.lee wa~ stroHb the u su a l 1 0 per ce n t . reduction on al 49 1.2 bid. Dome Mines so ld at $11.4 acc ounts p a id within 10 days. ~nu s;ll.50, u,ntl nt !\ew \·od< wa• trat.lc<

A t t h e r e~ent sittings of t h e Com- in a, 9 '. nnd ~on. Porcupine Y. ;.,;. 'l' mission comp laint s wer e made o f t he w:is actlve at 22. bl'.humacher was H l i~hll~ d a n ge 1·ou s qual ity o f the gas being "'tron"cr nt 1ci lJid henra. wa·~ :..i.cll 11 c supp li ed, and it was urged that n o ~1'eni~g nt 16'''· "r.11 oasln~ oft to 16 increase shou ld be g r ant ed until t h e In the Cobalt•. Benver was ftl'm all da g a s was brought back to its usua l at 43 uid . An od d iot o! :ll ininr,; Corporn conditio n of ap p r oved q u a lity. C o n - I tlun •oi.J at $1.95. •rretbewey wa" s l ight! cerning this the judg m ent says: easier at 2?. Pro·.rlncia.l remfl..ined :i.rni n'

0 \ Ve think tha t this w ould b e a n 23 hld. McKlnlE'y- f) o.rrrq;~ wa ;,;: u n change ina d eq u a t e r emedy, and would b ear '1 t 1 unjustly upon t h e co1n pany w hic h is "' 56. Pete,.rnn L~k• wa• - rm a ,

now exp e rie n c in g undo ubtedl y s e ri- lJt~:~ the o:Ls PNrol opened c.own e. L !.1.lr:: ous loss in supply ing gas, a nd a los s and ra.\liecl 1,, $1.:.!0 uid at tll• close

OitfustOvtREfi IN NEW ONTARIO ..

STATES REPOR1 samples of Rock Taken Fro

Abitibi Yield small au anti!')'

PROSPECT THOUGHT GOOD

O nta rio presen ts good :Northern

possibilities for U1e d iscovery of oil ·t· In a report

in paying quantl ies. su b m itted to t h e Dep a r t m en t of M ines bY. Mr. M. Y. W illia m s. Gov-

. t t h e p resence of ernment Gc0Jog1s • oil s h a l e in quan tity a lo n g th e valleys. of the Mattagam i, Moose a n d Ab.­

b"tib i Rivers is a nnounced. . 1 . b · tted after an

T h e report was su m1 . b a exten s ive sur vey of the region Y

Barrels a Day r With an Immense s Strike

Re

ome "out of the West" in a generation, ssibilities for Canada than the report,

that the drillers of the Imperial Oi ' rich strike on their claims near Fort

ews items on to-day's financial page o f be ·at the rate of 1,000 to 1,500 barrels

Captain J. Willis Croft, at Fort Mc­important strike at Fort Norman, con­

not touched yet." last spring on duty as a staff corres-

d from Edmonton to Fort Vermilion, on gical party now credited with " bringing elped them unload their provisions for itous Vermilion Chutes, and left them Chipeweyan, on their long v'Oyage down

11 Edmonton last August when word first this party, and later in September when 1

LCe River country sensed ~.he ass.uranr:e that in due time, the Imperial 011

ike at their wells bel'OW The Circle. quel to the report from Fort McMurray ived from Peace River Crossing that a ul to blow water above the derrick has 1

iry" well, near The Crossing. This is the ry sent from Edmonton last month,_ a!ld

'i well" because of certain characteristics ~s. The "Victory" struck this powerful l 330 feet-it was· 1 ,230 feet deep when r ~-and at Peace River Crossing the oil­h of some 1 ,500 feet. These same strata

at F'Ort Norman, according to geological ,han co-incidental that a "strike" has oc­it The Crossing and Fort Norman. l from Peace River Crossing to Fort Nor­Peace River, Lake Athabasca, Slave River, akenzie-a trip approximately 'Of a thou­b.e Peace was suspended when I left The ·ess might almost be impossible until suf-asible the use of dog sleighs. However,

best crossed when arrived at ; meantime a real tit-bit for Thanksgiving Day.

H. B. McKINNON.

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• which _could b y no m ea ns be r ecoup-•4 to it in whole or in part by any Eure~>.a. ,..,·::;.s 3-0 bid. Vacu·.~111 Gas ~ 1

.. lld nt

-------~~~======--~~~~~~ ..... order." '20 ~ !l th~ 1norning, and ('~0."l~d rt 2'7.

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NEW PETROL OIL CAME OUT AT 52

Company's TJliird -Well Down 1,750 Feet and

Fourth in P~·ospect.

HOLLINGER ·w~EASIER Kerr Lake W a~ Strong on

Prospects of \Substan­tial Surnlus.

A fairly active marJet develor 1 on I the St;indard :11ining ihxchange : .st er· dai-. but the tone on the w h ole was f "asi er 1 han at t h e enJ of t he week, most ot the stocks tha!t figured in t he s transacLons selling on a som ewh at s

ower basis. ~ Dome Ex tension was n demand, ad- c

vancing 1,6 to 38, and closing at t h e high level for the day. I Kerr Lake was also str on g, chan g ing .1ands at $3 . 50. n

Gold Reef gained V. at ~V. . 'The new Pe t rol Oil \stock came out

for the first time, sellilg at 52. The. 1

last transactions .in the old stock were ~­ma.de abou t the m idd lrl of Au gust at Is par. 'The company now hrts two well s f i n opera tion, a n d the drilling in the ~~ t h ir d well has reached :a d ep t h of l ,7:i 0 m feet. The materia ls are on the ground o '' n.1 th e r ig erec t ed for a fo u rth well, ~ nd d rilling will h e com m en ced a s soon ~s the boiler arrives.

:vacuum Gas was off V. t o ~7 \~. This any is actively at .. •nrk ll in g,

t rush of oil is ex pee ... <'ti: iu ays

"' two we.,ks time. Hollinger decl ined ten cents a sh are

c() $5 .85; )fining Corporation 4 cents to > l. i O; Kirkland Lake gold 2 cents to 18. and Beaver V. to 3q1h. :lfolntyr e a t $'.:! . 05. Ne"·ray at 5. nnd Tilnisl'\:aming "L 31 were a ll three off a cent a share. T retl1ewev was down '%. to 2314,. G if­ford at 1' and Provincial at 14% we r e tioth off '·'-· while Dome Lake at 31/2 , "ncl Peter8on Lake at 14%, each easad 1,4.

Kerr Lake A n n u a l. lL is un\lerstood that w hen the an·

nual meeting of the Kerr Lake )Jines, Ltd is helcl in New Yorl< on the 27th, It "; ill be shown thnt the surplus of the company is over $2.500 .000. As the ~01npany 113.s averaged nround 5~.000 )Unces monthly this year, good earnings "·ill be shown by the report.

An interesting report to be made at the m eeting will be on the progress on the s ilver venture in Utah, and the placer enterprise In New Zealand. both of which liave been gone into dul'lng the past year. It is understood that :::ucce.ss is attending the company's ef­oorts in t h ese new fields.

It n1ay be tl'lat the annual nieeti~g w ill also be informed of a new step m the Cobalt camp. It is rumored that he company i s after the old R oches­

'.er property. Some time ago lt was rnnou nced that Robert Lyman. of Co­oalt had taken hold of this p r operty, "-hich Is n ext to the Lumsden in S ., E . S ~;ol eman , and w hich was worked for a time t h rough t he Lumsden shaft. r

Dema nd f o r Fue l Oil . ~ Any loss in. earn ings t hat may follow

:rom t h e public service \operations of :Cities Service is mo re \han offset by ts extensive o il activi tie8 a nd those of ts subsidiaries. I t is the tremen dous oossib ilities , as well as p r .,sent great r e ­turns from i ts o il propercles as a fe ctor ln t h e in dust ry, that has mn.d e for t h e :;tron g ton e of its securities, esp~c1all_v. '.he p op ular Banker s' Shares. f'lales of viexican crude oil by companies as · ;ociated w i th Cities Service Com panY :or t h e first seven months of 1920 sh ow ' mark ed increase over the sam e per10d ro r last year. S a les for the first seven ,10nth s of 1920, as compared with the same period in 1919, show a gain of !40 per cent. T hi s cl oes not include 'I Jrodu ction of the big new well recently 6 H ought in by the E m p ire Gas a n d F u el 'om pan Y of Mexico, s ubsidiar y of

::;;u..,s Service , in Lot 114 C h ln a mpa , cat ed at 60 ,000 bar rels . This improve· ·nent is indicat ive of t h e m ore favorab le at t itude on the part of t he p r esent :IIex ­i can Government tovn\rd ,. 1reign oil (·on1panies in p articu lar, for a ll "oreign con1111e1-cial en in gen-

·ul having· in t erest<:' country. a lso emphasizes us d e· nd for f 10 '-"' ·1

Gasoline Scarce ,_ Pleas t or the conservation ot gasoline

Ir a.re being mad& by dlfterent oil com-1-It

panle-. as the supply In t his country le

:: B&ld to be short. It Is stated tll&t In the last tew yeara th& demand tor crude petro­leum, practically all ot which comes from

" t he United 8tate8, for th& manufacture of gasoline In Canada, he.s Increased j

~. more than 650 p er cent. Prodnctlon In

t~ ~!~~ 1:10:h!a.8 ~:~::.....:~Y a!':1~!w~50 t:.~ 1

to there Is & shortage of crude oil and high 'a - price-a. Crude on from Pennsylvania. ls

co•tlng ab<i 'lt $6.10 to-day, while t he Okla­~-- ... c.ru~ · · 60 per barrel at the

'--,.~,..'-• muat be these

d.

PETROL SUPPLY 1S PETERING OUT

Immoderate Use of Gasoline May Force Application

of Rationing

SITUATION IS SERIOUS

(Special Despatch to The Globe.) Washington, Aug. 15.-Unless joy­

riders curtall voluntarlly before September 15 their present immod­

era te use . of gasoline they will bring about a steadily rising price of more

Northern Oil Shales 1

Thought Promising Field j (FI·om the Northe.rn Correspondent i

of The Globe.) ; Cochrane, June 23.-The presence ot oil j

. s hales i~ the northern part of the district / of Tem1skamlng ls giv ing rise to consid­erable study of the significance and im- ; portan c.: e ot such an occ urren ce. Aft ·~r I consulting the opinion of students of th oll industry, there appears to be a jeep~ ly :rooted belief that c rude oil wells are I destined to be supplemented hy produc ­tion ot otl fro1n oil shales. Among th ose 1

reported as sharing this view is }.fr. / Alderson, former President of ~he Colo- I rado School of Mines. I

These opinions tend to lend added slg- 1 nttlcan ce to the dlsc ovPry of oll shales at Long Rap!ds along the Abitlbi Riv er, I as recently announced b y members of th e j Geological Survey , Ottawa, and w hic h 't\ras ' re ferre d to in more or less d,eta.11 in thes~ columlls a week ago.

1920.

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PROSPECT FOR OIL IN NORTH ONTARIO

I Petroleum Bearing· Shales Found in James Bay

District<

IS NOT KNOvVN

Gowrmnent Has Received\ Useful Report From I

Expert. \ In a report submitted to the Min­

ister of Mines by M. Y. Williams, geologist, upon the possibility of finding oil deposits in the Hudson and James Bay districts of North­ern Ontario, and which has now been made public by the Minister it is pointed out that there are m~ny I conditions present which would in­dicate that there should be netro­leum deposits in that part of the\ province. Mr. Williams recently made a detailed tour of the district, .

1 studied the surface and rock form­a~ions, and reports that the exten-1 sive area to the South and "\Vest of the Hudson and James Bays con- l tains formations of the same age J ~)~ il ~-:--JO""U.J. J.ug scrara elsewhere. 1

. ~ his investigations M~. Wil-1 hams was unable to find any sur-

1 face seepage of oil, but he explains that this is not to be wondered at ?wing to the long period of weather- I 11~g along the rn•ers which may have d1ss1pated any oil formerly present and owing to the heavy burden of clay, silt and muskeg moss which covers the interstream areas. Along the N_elson, Chu~hill, Albany, Moose and 1ntervenmg rivers, he reports, there are formations where one might expect to find oil if boring •.·ould be carried out. Whether or not t_he lower construction of the I roclc _is such_ t.hat oil would accumu­late 111 sufficient quantity to make lt pay to _develop the district is a ma'.ter which could be determined I mly by actual experiment and boring ·

Mr. Wi~liams adds that in th~ region dra111ed by the Moose River and its tributaries there are liine-· stone a.nd Salina shales, beneath which. 111 other districts, dolomitic beds of this formation have pro­duced large quantities of oil in parts of Southwestern Ontario, chiefly in, Kent and Es~ex Counties. He adds 1

that the particular limestone which has _been the most uniformly pro­ductive formation for oil in South- I western Ontario outcrops at the sur­f~ce over wide areas. Shales out- \ ?i O? on the Mattagami River, and it 1s reported that there are evi­dences that the whole Ohio shale sect10n may be present in the North. , Along the Abitibi River there are shales dipping at the proper angle to form oil beds beneath. The shales vary 111 quality and thickness and tests have brought out the fact that they also vary_ tonsiderably in oil content. Analysis of shale sam pies taken from the Long Rapid dif tnct of the Abitibi River show tr the oil yield rapges from 3.9 to per cent. As th<ese shales ·were ta'

I BORDER COMPANY MUST SUPPLY GAS

I :\11LLS ISSUES ORDER FORBID­DING FLOW BEING ·

<JUT OFF

I . (Special Despatch to The Globe.)

. Windsor, July 27. - Natural gas , · for Essex and Kent counties will

not be cut off on August 1. Re­straining orders to-day lflsued ·bY Hon. Harry Mills, Minister of Mines, declare jbil.t the gas supply for the two counties mu.st continue as usual regardless of difficulties over rates. The decision of the Govern ment to interfere was communicat

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ed to-day to Acting Mayor Howell, following the action of Essex and I Kent municipalities, asking that tha I Government take charge of the gas situation. Mr. Mills also stated in 1

his telegram to Mr. Howell that, within the next two months he will I call a. conference of Mayors and Reeves of the- two counties and re­presentatives of the gas companie~ to fiX an equitable ra.te for the gas.

ii"

The Acting Mayor expressed l•' satisfaction at the turn affairs had

I ta~.~his action on the part of the Government is exactly what the M.ayors and Reeves who went to T.:.rnnto all(i made tho petition to the Gove:rinment were hoping and

· working for," he said. The Union Gas Company, which

sells gas to the Windsor Gas Com­pany, the distributors, wishes to in• \ crease gas prices Qn the border from 30 cents to $1 a thou.sand. Th' company had declared that it would cut off the gas supply August 1, following the refusal of the mu­nicipalities to pay the Increase, and 'be decision of the Government to

ke a hand in the controversy has eved a tense situation.

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In t.he Midst of Success

Idle dollars belietlt no one. Put your money to work. Invest in Sun Oil stock, help develop Ontario's oil industry and improve an excel­lent investment oppor­tunity for yourself. We are authorized to sell a limited number of shares of the com­mon st ck of SWl Oil

. f t e a e of s ock is to go into the work of development. Good d i v i d e n d s. for all those who invest now seem assured.

e o not ask you to take our word. We do not ask you to accept the advice of Sun Oil C o m pany, Limited Directors, a s well~ known and reliable as these men are. We do ask you to .find out all a.bout Sun Oil proper­ties and Sun Oil stock.

$&yourself,

. Sun Oil Agen 25 Toronto Street To

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\ 80"7o WASTE IN USE OF l

NATUR~L GAS

What the United S.tates are doing in the matter of natural gas consump- • tion, and which will be of much rinter­est to local consmners.

Washington, Jan. 5.-A Public ~!on­ference of governors, public util1ity commissioners, state geologiists, ho1.ue economic expe11ts, natural gas com'.• I panics, owners and officials and ap -pliance manufacturers has been call­

[ ed by Secretary of the Interior Lane to meet under the auspicies of tile Bu

! reau of mines at the Intenior Depal't­i ment Building, Washington, Jan. 15,

I to discuss the was·te of natural gas ·in this country both by consumers

I and gas compani·es. As a result of work of the experts of the bureau on

I this question it is declared 'that in using natural gas the consumers through faulty appliance.;; obtain an cffic,iency of about 13% from a gas cook stove, 25'/, from a house heat- 1 •

, ing furnace and 10'/r from a hot- l I water heater. although in good prac- I tice these efficiencies can be trebled.

In a statement as to purpose of , the conferences Dr. Van H. Manning 1 director of the Bureau of Mines, said: "Domestic consumers waste mot'e than 80% of the gas re<.~ived. The effici­ency of most cooking and heating appliancea could be •trebled. By n'ak_ I

I ing natural gas worth saving the 2,-1 400.000 domestic consumers in the

I United States could get the same cook 1\ '

ing and heatiJig serv•ice with one­third of the gas: foat is "'i>ke rrnp . foot '"oT gas do the work of three and I'

\ g-reatly delay the day when the pt"es-' ent supplies will be exhausted and \ consumer::i must go back to more ex-

pensive manufactured gas .. "It is time for the publoic to tak

i new view p'o.int on the waste 'Of atural gas. It is time _for the. d?­nestic consumers to realize that his 1 uty is not done \vhen he c11ies ~:>Ut .gainst. the flagrant wastes occurmg 1 the gas fields and demands of his overnmen,t that such wastes be ·abat. J · tie must realize foat he hims·elf ; 'likewise ~t fault and that dt is i111e fo1· him to :;;et hi:;; own house in rde1·.

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