Casper Daily Tribune Newspaper, April 16, 1919, Page 5

Furnished by TAYLOR & CLAY Room 212, Oil Exchange Bldg. eel Rocke ‘ack . ‘Units. Mosher -______. Q American ------- 028.088 | Stanley-Green “hoe Amalgamated Rity .70 75 Teapot __ 100 Atlas Crude ---- .75 -80 200 Club __ 460 3essemer —- = 14 16 ey Burke Oil 1.00 1.20 fi New York Curb Big Bear - 022 034 | Midwest Refg. __168.00 170.00 Buck Creek Oil -_ 6.50 7.00 Midwest Com. -__ 1.58 1.69 Big Five ---- 024 04 Midwest Pref. --. 1.94 2.06 Boston Wyo. — 38 39 Merritt ____-.__ 82.00 32.12 Big Indian - 80 35 Glenrock Oil --_ 6.62 6.88 Center --- 01 013 Cosden -_._ -- 9.88 10.00 Columbine - -30 33 Okmulgee ---... 2.25 2.50 Con. Royalty .93 96 Salt Creek Prod. 40.00 40.50 Casper Ranger -39 -42 | Sapulpa -_______ 7.37 7.64 Elkhoge)onc=—eo- 64 68 Oklahoma P. & R. 11.25 11.75 Great Western Pet 43 46 ‘Wst. Sts. 0. & L. 50.00 53.00 Hecla 01 Ors | Island Oil - 812 8.37 Jupite 08 «10 jo Ee 40.25 Kinney - .70 ES 52.25 Lusk Pet. - 133 1.45 New York Stock Excimnge Lusk Royalty --. 1.30 1.50 Close Mountain & Golf .48 +51 | Mexican Pet. ___189.50 186.50 Northwest +55 -57 } Texas Oil _ ; Outwest -- - 08 .10 Sinclair Oil Pathfinder » - 08 “Bo U.S. Picardy -- - 8 06 Riverton Refg. -__ 14 16 I. United Pet. --_- -10 12 7 Western Explr.-__ 1.50 1.60 f Wind River Refg .20 22 i E. T. Williams -_ 4.00 4.25 3 Wyo-Kans 1.60 1.80 ! i Wyo-Tex 50 60 4th 435 ___ 93.58 ‘WYOMING CRUDé OIL WARKET Warm Springs —_.- -$1/00) Elk ‘Basin ______ Salt Creek - Ses. --- 1,60) Grass Creek -. —-=------ 1.85 Big Mu@@y -----_..--_-----. 1.50] Lek ___ - 1.80 Pilot Butte eee —- 1.60! Lander —— 1.26 WHAT (3, ATLAS? PUBLIC ASKS, i PACE F SHORES WEARS DOLLAR Sensational Advance Follows Strike of the Ohio Com- pany; Forty Per Cent Interest in Produc- tion from School Lease at Lusk. With holders demanding $1 each for shares of the Atlas Crude Oil company and bidders gradually climbing toward this mark, attention today was centered on a continuation of the spectacular flight started the first of the week and the assets behind a company which has received little or no publicity regarding Lusk operations. The Atlas Crude Oil company has Ste eee Woes E86) ———— RUNAWAY MART 1 HOLDING UP . Advance to 70 Cents Bid and Others Gain. Profit taking, altho entering into the trading on a large scale during the past two days, has merely served to slow up the advance of Lance Creek issues that took flight with the bringimg in of a gusher by the Ohio company on section 3. Atlas Crude Oil Yed the advance Tuesday by the most spectacular climb witnessed in market circles. Starting at something less than 5 cents'six weeks ago, Atlas moved up to 20 cents bid on information re- garding the development of its hold- ings» by the Glenrock and with the bringing in of the new well reached the 30-cent mark. Tuesday morning it changed hands at 32 to 35 cents and in the evening on open call at |the Lyric brokerage stand jumped to sales at 66 to 70 cents. Today it was firm at above the 75 cent mark. Cow Gulch stock offered another sensation, holders setting their own | price for the issue with sales around $3.50. Lusk Royalty and Petroleum continued to gain but Western States, formerly the leader in the Lance Creek freld, was slow at sales around \the $55 mark after having sold at) a high of $59 on Saturday. Tuesday’s market, as were those lof the preceding days, was erratic with a wide range in prices at which {sales were made. The Ohio Oil company on Tues- |day started to move the rig used in| drilling the well on Section 3 of the| Lance Creek field to the west half of |the southwest quarter of the same section, which is under lease to the |Lusk Petroleum company, and will begin drilling as soon as possible. It} is considered that this land is already proved. In the neighborhood of the jnew well the Lusk Petroleum com-; | pany has several leases on Sections 4/ | and 10, which apparently should come | ;within the proven area. Under its | | contract the Ohio Oil company has |to drill two wells free after which the | |two companies will work on a 40-60/ |basis, the Lusk company taking the| short end of the bargain, while the Ohio company will defray all costs, | ‘taking its pay out of the first oil.| In the Lance Creek district the Lusk |Petroleum company has 4,820 acres! junder lease in all parts of the field. The company is capitalized at $1,- 500,000, of which 1,200,000 shares for market will be coming from the a lease from the state on the whole of school section 36-36-64, and a con- tract with the GlenrocK cofipany for drilling this land on a 60-40 basis, the state getting one-eighth royalty. for a million shares, $1 par value, of jare outstanding. John T. Donnellan, which ofly, fifty-five per cent has| Cheyenne broker,, has organized aj been issued: The financial condition | pool of the larger shareholders who{ of this company is excellent and the | own an aggregate of 800,000 shares. _The opinion of competent geolo-| well to put this company on an equal gists connected with some of the larg-! with some of the best producing com- est operating companies in the Lance | panies in the state. Creek field is that the location of this} The well being drilled by the Glen- | section on the structure is identical|rock company is below the 3,100-| with the lands in section 3-35-65, on|foot mark and has only a few hun-; which the Ohio company’s new pro- | dred feet to reach the oil sands. Re-| ducer is located. Under such con-j|cent developments in the field are ditions the outlook for a well on the held certain to speed up work in all} Atlas property appears excellent. jwells and the Atlas well will have The location has the additional ad-|the additional benefit of proven pro- vantage of being school land, and is| duction from nearby leases before it not affected by the government with- Teaches the sands, paval re covers a major portion, ps of this field. In this respect the ° 4 Atlas is on a par with the Ohio-West. | Strike Not to ern states 1 ti 36-36-65 | ° oh which ther pioneeriwell 7a Interfere With U. S. Transports in last fall. The Atlas Crude Oil company is in- Stats ae under pes laws He the | : Bi Lie a! oe | WASHINGTON, April 16.—Trans- |ports will be operated in and out of New York harbor “if it requires the entire United States navy,’ it was | stated officially today in connection | with plans of harbor workers to start ia strike tomorrow with the announc- ed intention of tying up traffic. ; Henning Hotel ZANTE i Bought and Sold TTT SS Casper, Wyoming Me INI S887 Otto H. Krausse Brokerage Co. Stocks and Bonds Market Quotations lease in the Lance Creek Field bids mRY PIREY IL MAY BE IN EXCEPTIONAL DEMAND AS LUBRICANT, BELIEF Disputes regarding the test of oil from the Dry Piney field in Lincoln county, Wyoming, took a new turn ‘this week with the publication of tests made by a reputable Casper laboratory showing it to be 39.7 |Beaume gravity, or the finest ever |examined here. It is said that only one other crude oil comes near this |grade, and that is the Tiona oil of j; western New York, which is in de- mand at $8 a barrel because of its { exceptional lubricating qualities. The Dry Piney oil would bring large re- | turns, it is indicated, thru minimum | production and it may be that this will save the field from condemna- | tion, the production being so light in j wells already drilled that they could ‘not be profitably operated at the average price of Wyoming oils. HES ei AUT THE CASPER DAILY TRIBUNE PAGE FIVE TOME S mi |Sand Draw field next week, says the | | Riverton Chronicle. Mr. H. O. Sim- |ducers and Refiners corporation, has |this week finished the installation of a steam gill, 2 small upright boiler, la series of drips and condensers, and the plant will be in operation Wed- | This installation is at the nesday. Big Gassers in Fremont County | No. 1 well, and as soon as the ad- justments that are necessary have | Field Will Be Brot to Pro- been made and the plant got in full operation, a similar installation will - duction Soon. 3 }be made at the No. 2 well. The ca-| The first gasoline to be produced | pacity of the stills will be in the, ‘neighborhood of fifty barrels of re- calling for a total expenditure of over a half million dollars in con- struction and equipment. Mr. Simmons states that the Pro- and Refiners corporation plans on co-operating with Riverton Commercial club in inducing a brick plant, glass plant, smelter and other large consumers of gas to locate in Riverton, so that the expenditure by this company will be justified. SRS fined gasoline per day. Tt is expected that this gasoline will be on the market in Riverton by the first of May, and as the loc demand will not likely be Ia enough to utilize the output, receiv- ing tanks will be erected and the product shipped. = Engineer Simmons has just subs mitted to the president and board of directors of the Producers and Re- finers corporation estimates cover- ing the building of a pipeline from Sand Draw to Riverton, a telephone f line, a gasoline absorption plant at se Riverton and a carbon black plant, : ducers W. J. Thurman, who has been con- i to his home with pleurisy for is able to be at his work the Midwest. BUY ALLIANCE OIL np ~~ REFINING Participate in the Profits of the New Refinery now being established at Thermopolis to handle the production of the Warm Springs Basin and other near- by Wyoming Oil Fields. ALLIANCE OIL and REFINING controls the Chief Pres- ent Oil Output and the Principal Proven but Undeveloped Acreage of the Warm Springs Field, where Vigorous Drilling Operations are now under way. ALLIANCE OIL and REFINING owns the Nine-Mile Pipe Line al- ready reaching the Eastern Limits of the Field and connected with 28 Producing Wells—21 of which are controlled by the ALLIANCE OIL and REFINING and Associated Interests. ALLIANCE OIL and REFINING owns a 37-acre Refinery Site adjoining the Depot in Thermopolis and also Tankage Property with Imme- diate Storage Capacity for 37,500 barrels and 20 acres of ground adjacent there- to Southeast of the town. President M. Singer of the ALLIANCE OIL and REFINING COMPANY is now in Thermopolis letting the contracts for the First Unit of the ALLIANCE RE- FINERY—a Topping Plant with 1,000 barrels daily capacity. More than sufficient Crude to keep this first unit in continuous operation is already assured from pro- duction controlled by this company and its associates in the Warm Springs Basin. Warm Springs is now pro- ducing 2,000 barrels a day and development of the field has only just started. Additional Refinery Units will be installed just as rapidly as new pipe lines can be constructed to other fields within reasonable radius of Thermopolis and the production of these fields increases. ALLIANCE OIL and REFINING’S FIRST 1,000- Barrel UNIT SHOULD NET TE PANY $1,170 A DAY OR $365,040 A YEAR—3 ER ANNUM. ON The Company offers the Unsold Portion of tis First Off: ing location of the 3 line of the Alliance Oil and Refining Con connected with 28 producing wells of the fie! Map of Thermopoli and the W ti Springs Oil Field, show- and the nine-mile pipe -barre storage This pipe line is already de THE COMPANY'S ENTIRE CAPITALIZATION. These figures are conservatively based on only 26 days run per month—a refinery charge of 25 cents per bar- rel, which is more than ample to cover all items of refinery operation and overhead: a price of $1.30 per barrel for crude and the moderate valuation of $2.72 for the commercial contents of each barrel of crude refined. ALLIANCE OIL and REFINING is a Wyoming corporation with only 200,000 shares authorized—each of a par value of $5. About 30,000 shares are now outstanding. No preferred stock, no bonds, no promo- tion or bonus stock. The oflicers and directors of the ALLIANCE OIL AND REFIN 7 are New York and Wyoming men of prominence and of unquestioned integrity and ability. Write today for descriptive circular . \ing complete details. 22 of 50,00 Shares of Treasury Stock at $5.00 a Share, preceeds of this Stock Sale being used to complete payments on Present Property, to madc additicnal purchases of Production and Acreage and to provide Working Capital for more extensive re- finery-operations. Alliance Oil and Refining Shares are now being actively,’ traded in on ‘the New York Curb Exchange at $5 to $5 1-8.a share NOTE: By agreeing to pool your stock for one year you can obtain ALLIANCE OIL and REFINING STOCK “s a * oy ve q : il Monday, April 21 and i th 1 price of $4.00 a share. This Special Escr ow Offer good only until nday, Ap Soe eta sa otter that date cannot be accepted at the $4.00 price. Write or wire today if you wish to take .advantage of this special proposition. Singer Securities Corporation Underwriters 15 Park Row, New York City Address All Western Communications to the - Western Office, Klink Building, Thermopolis, Wyoming t