Casper Daily Tribune Newspaper, December 21, 1924, Page 15

DAY, DECEMBER 21, 1924 § tocks---Grain---Oil---Markets TOCK PRICES SOAR. O NEW HIGH.LEVELS eavy. Probe Talang in Short Session Fails to _ Bring Downturn After Week of Lively Advance on Exchange. NEW YORK, Dec. 20,—Stock jrices continued their upward move- nt in today’s short session of the nge despite heavy profit-tak- s Fesulting from soaring quota- of recent days that carried industrial and railroad averages highest point in years. The if was firm despite some ir- ty and sales for the day ited to 750,000 shares after maintained an average of on shares daily during the Favorable mercantile re- and rising commodity prices d further buying for the 2. opl control of volatile specialties bught about most of the sensa- ins of the week but strong specu- tive interest was noted ia the east- 1X / ern and southwestern railroad shares as @ result of reported de- velopment of merger programs. The general list responded to the easing of call money rates, reports of expanding steel requirements and vrucis vevord car loadings, new dividend developments. Rising prices for commod'ties and statements credited to Secretary Mellon that he sees no danger in the recent stock market activity. A new record price of 119, the highest since 1919. was chalked up for United States Steel and substan- tial gains were recorded by most of the other standard industrials. More optimistic feeling in the oil industry was reflected in a burst of activity in these shares during the closing days of the week. EAT SCORES BIG ADVANCE FOR WEEK ew Record Prices Established Almost Daily © In Chicago Trading and Closing Is Firm : At Higher Levels. g CHICAGO, Dec, 20.—Sensatinal dvances during the week in wheat trading carried prices to a succession pf néw peaks, December closing the yk at $1.72 and May at $1.75%, hilé corn suffering under hdavy lvestock marketing was weaker, De- pember selling at $1.23% and May it $1.28. indications of a world scarcity of upplies was responsible for the activity in the wheat market he being taken by climbing prices for bread grain in the milling penters. New high prices were e: ablished almost daily on the Chica- change with the demand for export developing assteady increase. Milling centers witnessed a jump to over $2 a bushel for choice grades of wheat while both Australian and ntine crop reports were inter- preted as bullish. Corn and oats suffered avy marketing of hogs, indicating lessened feeding demand. Provis- lion market prices responded to pros- pects of a shortage of hogs. from|Jan.. f Today's range of grain and pro- vision prices follows: Open High Low Close WHEAT— Dec. . $1.71% $1.72% May - 1.75% 1.76% July - 1.51% 1.51% coRN— Dec. - 1.25% 1.25% May = 1.29% 1.29% July - 1.30% 1.30% OATS— Dec. - .88% May - 63% July - 62% - 142 RYE— Dec. May - 1.53 July . 1.35 LARD— Jan. = 16.52 May ~ 17.00 RIBS— $1.71 1.75% 1.49% $1.72 1.75% 1.49% 3.22% 1.27% 1.28% 58% 63% 62 1.23% 1.28 1.238% 5B% 64% 626 58% 63% 62% 1.48% 1.58% 1.34% 1.48 1.52% 1.34% 1.48% 1.54% 1.35% 16.70 17.10 16.52 16.90 16.70 17.05 May — 80 16.00 15.80 15.92 BELLIES— 15.75 Cotton'Textiles Winding Up Worst Year, Is Claim By J. ©. ROYLE. Copyright, 1924, Casper Tribune. NEW YORK, Dec. %0.—The cotton textile manufacturers are winding up what they declare has been one of the worst years in the history of the industry. But if they have no profits in pockets, they have gosts eter in hand. As a result, the outlook for the coming year is brighter than seemed possible dur- Ing the summer slump. At the start of the year the New England mills are working at about 72 per cent of normal and means less than capaci- ty. There followed a steady decline In output until in June less ‘than’ half the normal activity was in pro- gress and three quarters of the plants were on part time basis. In October production got back to be- tween 60 and 65 per cent of capacity. As the year closes, mill after mill is increasing its operations to full time and some are beginning to put ‘on night shift. The {mprovement 1s due to many factors. Goods were steadily worked off all year yntil in October, mill stocks were authorita- tively stated to be at the lowest point on record. Cotton prices were low- er and wages in many p'ants had been reduced. These wage reduc- tions were made with comparatively ttle disturbance, as workers real- ized that stockholders had had their returns cut through reduction or passing of dividends. There is a dis- tinct feeling that the tide has turned on the cotton textile industry and manu! urers are preparing for a decidedly more prosperous seasofi in 1925. The south is not going to have any skimpy Christmas because of the slackness of cotton manufacture and the drop in the price of cotton below 1923 levels. The textile manu- facturers in that section have felt the depression in the goods trade far less than their northern rivals and they also have been able to re- duce costs and increase efficiency. BUSINESS BRIEFS. DETROIT — Industrial ment here increased by 1 ers this week to a total of 199,183. This was the fifth consecutive week that payrolls have increased making & total gain since November 8, of 5,- 158 men. AGRICULTURAL DISTRICTS ARE W GOOD SHAPE Finance Corporation Is Cut in Two employ- WASHINGTON, Dec. 20,—(United ‘ress)—Important agricultural dis- ricts of the country are in better hape than for several years, the ‘ar Finance corporation declared oday in its annual report for the ‘ear ended November 80, when its xtension of credit activities stopped. The corporation {s no longer re- elving applications for loans, but renewing some of the $62,623,000 utstanding in necessary cases. Dur- the last year of its activity, the loaned only $10,094,000, ‘k:| bankers have banded BOSTON, — Boston investment together to promote the idea of giving bonds for Christmas gifts. This campaign Is being urged through newspaper advertising and by personal solici- tation of salesmen. a decrease of $12,000,000 from the previous year. Conditions of ‘country banks and the general farming situation tn the northwest, which were so acute that this section absorbed most of the corporation's attention for the last three years, have bettered greatly the report sald. Since the passage of the farm loan ‘authorizing act in August, +1921, the corporation has advanced $749,734,- 000 for agriculture and livestock pur- poses, $197,327,000 of which was let to co-operative societies, and $189,- 608,000 to banks, and $92,899,000 to livestock loan companies Market Gossip Conroy Dividend. At a meeting of the board of di- rectors of the Consolidated Royalty Oll company held at {ts office here. Thursday the usual quarterly divi- dend of 3 per cent was declared payable January 20, 1925 to stock- holders of record of January 15, 1926. => -——_ —_ Try a Tribune classified ad for results, 15.75. ‘Wilson, Cranmer & Co. Allied» Chemical & Dye -..-.. 84% American Can ~~. 159% American Car and Foundry -. 183 American International. Corp. 34 American Locomotive ------ 98% American Sm. and Refg.-.. 91% American American American ‘American Chile Copper -.--------. Corn Products -.-----—___-. Cosden Ot] ..---------... Crucible Steel, Cuba Cane Sugar pfd. famous Players Lasky . Genpral Arphalt General Electric feneral Motors ---. Great Northern pfd. -. Gulf States Steel ---. Inspiration Cdpper International Harvester — Int. Mer. Marine pfd. International Paper — Invinelble Ol ~sc/ss ees. Kennecott Copper --------.- Lima Locomotive ----.---.. Mack ‘Truck Marland Oil Maxwell New York Central Northern Paeific - Pacific O11 — Pan American Petroleum Producers and Refiners -.__ Pure Oil Republic Iron and Steel-. Sinclair Con. Of —-. Southern Pacific -. United States Steel Utah Copper. Willys Over'and ‘olorado Fuel and Iron. National Lead 163% Commodity Electrical Equipment. DETROIT—The Ford Motor com- pany will bul'd a new hydro electric plant on the Huron river near Ypsi- tant, This is the second station on the Huron river for Ford, the fifth {n the Detroit area and the ninth in the United States. PHILADELPHIA—Contracts for two 21,500 horsepower vertical I. P. Morris turbines complete with auxil- laries have been awarded the Cramp and Son Ship and Engine Building company for the Cutler plant of the Utah Power and Ligrt corporation. oll, HOUSTON, Texas—Average oil production in the south Texas and gulf coast fields was 140,685 barrels an increase of 1,275 barrels over the previous week average. Sugar. NEW ORLEANS—The Louisiana sugar crop, although the sma'lest in thirty years in moving very slowly. Refiners are indifferent buyers and raws are bringing only 4.90 a pound compared with 5.85 ten days ago. Syrups have declined 3 cents a gal- lon to 68c, Coal. ‘SPRINGFIELD, Ilt—Coal produc tion for'the mines of Madison coun- ty, Illinois, for the fiscal year just ended totals 3,444,685 tons as com- pared with 4,020,159 tons last year. Automobiles. DETROIT—The Reo Motor com- pany now practically has a full force employed and export sales of trucks ATLANTIC PETROLEUM CORP. Buy your Atlantic NOW while you can get it at 1 Well down about 650 feet. subject, all or any part of 120,000 shares at 1 cent. Atlantic has announced that the price positively will be advanced 50 or 100 per cent immediately. authorized financial agents. from us, cash or deferred payments, so that your money may be used for drilling. cent a share. Tear out this advertisement and mail it “to us with your letter and we will fur- nish you Genuine ‘ah Bans ou +} Mut Central Pipe _— Consolidsted Royalty — lenry — — a Mountain & Gulf —-~1.00 New York Oil 0 Western Exploration - Western States ¥ Mountain Producers — Glenrock Oli Salt Creek Producers — Salt Creek Consolidated 18.12 24.50 6.60 | 9.00 11.50 61.37 MARKET || Big Muddy .....-. 6 Mule Creek 6U Sunburst ------_-: 0 Hamilton Dome ~--------..--. -5U 8. O. Indiana CRUDE LOVELY - THINGS for less—she will surely be delighted if you buy them through ‘the “Gifts for Her’ column in the Classified Section. Trade News in the last month have been greater than ever before. Production is at record height and car stocks in the hands of dealers are about half the usual number. Production in the last fiscal year@totalled 28,681 vehicles. Textiles. MANCHESTER, N. H.—The Amos- keag mills have announced advancer in pri of colored wool yarns from $2.36 a pound to $3, fine woolen fannel from $1.75 to $2.10 a yard, and women's worsteds from $1.85 to $2.86 a yard. Grain. DULUTH, Minn,—At the close of lake shipping there were 20,950,000 bushels of grain tn Duluth and Su perfor elevators in addition to 2,119, 000 bushels which were loaded on boats that will remain tn the harbor all winter. We offer, We are Buy your stock direct Service A. A. Hall & Co. A STOCK AND BOND HOUSE WORTHY OF YOUR CONFIDENCE FREE—Our market letter—it is con- cise, complete, and authoritative. Geo- logical map of the Fort Collins field. Actual market quotation on any. stock. Statistical repo: Teport on any active or company. Members Denver Stock Exchange, Denver Chamber of Commerce 711 17th St. Prospectus dated 9-6-24 filed with Main 4570 Denver, Colo. of State, as requir- ed by Colorado Blue Sky Law. Copy mailed upon request. C. T.. 12-20. snet Sunday Criftine PAGE FIFTEEN. DRILLING NIGHT AND DAY BIG PRICE ADVANCE CERTAIN Drillers and Crew 100,000 Shares of A.P.C. The drilling crew of the Country Club No. 1 has purchased 100,000 shares of Atlantic Petroleum Corporation stock at 1 cent ashare. This purchase was made at the same price and upon the same terms at which it is offered to you. The drillers believe that Atlantic Petroleum is a good investment as well as a most promising speculation. They know the price will be advanced almost any day now. They declare that At- lantic Petroleum stands a splendid chance to get a monster producer as large — OR LARGER — than the world famous Whitaker gusher. Big profits on the market and continued profits from production are both expected. These Men Know The drillers and tool dressers who pur- chased this 100,000 shares are oil field veterans. They have the practical oil man’s uncanny knowledge of structure. They purchased this stock voluntarily, They are convinced. They KNOW what they are Calg 3 If Atlantic Petroleum stock is a good speculation and investment for these hard working drillers, it is a good speculation for any investor in the world who is will- ing and able to buy oil stock. The fact that these men purchased this stock without any special urging from the company, upon their own initiative, and judgment, .is the greatest recommendation which it is possible to give this issue. They probably never read an oil advertisement in their lives and very likely don’t know what an oil stock salesman looks like. They do know the Country Club lease and they do know the men who control this com- pany. That's all they want to know. They are paying for this stock part cash and part monthly as they receive their pay checks, They know it is a good proposi- tion. They know that they will get a square deal all the way through and that they stand a splendid chance to make hand- some profits over a long period of time upon the investment of their hard earned money in this enterprise. They have no theories and no illusions about the oil busi- ness. LOOK ’EM OVER AND SEE WHAT KIND OF OIL MEN THEY ARE: CLEM HINDS— Superintendent of drilling aperscinee Started at 15 years of age with his father in the old Sisterv: field in West Vir- ginia. A hard rock, deep hole driller with a world of experience. For a number of ears employed by Union Oil of California. Eight years with Standard Oil of Cali- fornia. He has been employed by the Midwest Refining Company, Ohio Oil Com- any, New York Oil Company, and otHer Ai successful concerns. He has drilled in Salt Creek, Big Muddy, Lance Creek, Pois- on Spider and other Rocky Mountain states oil fields. GEORGE PRIMMER— Driller. Has been drilling wells since 1901. Most of this time he has been a drilling contractor in a big way for himself.. One of the very best deep hole drillers in Amer- ica. A real oil man with a great deal of ractical knowledge of oil field structure. ‘his man is known in the oil fields of Bak- ersfield, Coalinga, Monto Bello, Taft, Sig- nal Hill, Santa Fe Springs and Ventura, California. J. C. COLLINS— Driller. Worked in the oil fields of Texas, Oklahoma and Wyoming. Employed by New York Oil Company, Texas O11 Com- y, Mammoth Oil*Company, and other Big producers. Has helped: to drill. more than 160 wells. Knows his business. R. E. BRANDENBURG— Tooldresser. Started working in the oil fields in 1908. Has been employed in Bakersfield, Taft, Breckenridge, JIowa Park, Strawn and the Salt Creek-fields. WILLIAM H. GRAY— Tooldresser. For many years in Canada. For the past-five years has been employed by the Ohio Oil Company and the Midwest Refining Company in the Wyoming fields. mostly at Salt Creek. Important Notice Buy your Atlantic Petroleum direct from the company so that your money may be used in drilling the Country Club well. The men who sponsor this enterprise have been able to make an arrangement whereby it can handle your ac- count, whether it be a cash purchase, 10 equal monthly payments without interest, or collateral Z It is not necessary for you to purchase your stock from any other source than The company can handle your account in a most satisfactory manner to you. By sending your order direct to the company YOUR company will be able to use YOUR money in drilling the Country Club well. doing this you will benefit yourself and also your margin account. the company. company. ATLANTIC PETROLEUM CORPORATION | "25! Capitalization $500,000 Par 1 Cent This Is What the Drillers Say About the A.P. C. Well Bought 65,000 shares. “We're going to get a big well. I'll bet my shirt on I'm taking stock myself and that’s not a habit with me.” PRIMMER: Bought 10,000 shares. “I’ve drilled a lot of ‘em. This bet looks might good to me. So good I’m buying shares in Atlantic. It looks like @ cinch.” COLLINS: Bought 10,000 shares. “You can say, I’m for Atlantic as the one big bet in the Fort Collins gusher field. I’m confident of a big well. I’m betting my own dough that we get a gusher.”” BRANDENBURG: Bought 10,000 shares. well and a good one.” GRAY: Bought 10,000 shares. “Boys she looks good to me. So good that I beat the barrier and was the first man on the job to get Atlantic stock.” + HINDS “I'm betting Atlantic gets a DRILLING NIGHT AND DAY—BIG PRICE ADVANCE CERTAIN Atlantic Country Club No. 1 is drilling night and day at about 600 feet. The drillers are making splendid progress. ’ Company positively will advance the price, probably before the end of the week. The company absolutely guarantees that the price will be advanced 200 per cent over the present selling price before this well reaches 3,000 feet. She’s drilling pretty fast, too. For you to participate in the big, quick profits which are most assuredly expect- ed, you MUST act NOW! A. P. C. CLOSEST INDEPENDENT TO THE FAMOUS WHITAKER ACTUALLY DRILLING ITS WELL Atlantic Petroleum Corporation Country €lub No. 1 is the closest in- dependent drilling operation to the world famous Whitaker gusher. Aside from the wells being drilled by Union Oil of California, dis- coverer of this field, it is the only company actually drilling in this immediate vicinity—this ‘close to the gigantic Whitaker. The Country Club lease immediately adjoins holdings of Union Oil of California and it is believed to be the most valuable lease owned by any independent oil company in the entire field. In addition to the Country Club lease, Atlantic Petroleum owns 80 acres in Section 12 near the famous Mitchell. Both of these leases and drilling equipment are owned outright and free of any incum- brance. Both leases are on structure close to the approximate loca- tion of the major crest as shown in geological map made by that noted geologist, F. J. S. Sur. NO HIGH SALARIED OFFICERS— NO UNNECESSARY EXPENSE None of the officers or directors of Atlantic Petroleum Corporation draw any salary. They are not taking a penny out of this company. In fact, some of them are putting in a great deal of their own money to insure the success of this enterprise. The only payroll expense which this company has is its highly effi- cient and hard working drilling crew. When you send your money in to Atlantic Petroleum it is used in the drilling of the Country Club well and other necessary expense inci- dent thereto. This well is being drilled as economically as possible. It is the aim and intention of the men who sponsor this company to make it the outstanding success of the age. With this purpose con- stantly in view, they are conserving all of the resources of this com- pany and eliminating every penny of unnecessary expense. It is the intention of the company to sell only sufficient stock at this time to finance its immediate operations so that there may be only a limited amount of stock outstanding upon which to pay dividends. It is believed that there will be sufficient stock remaining in the treas- ury after.the Country Club well is completed to adequately finance future operations. Buy Your Atlantic Today Before the Price Goes Up The hour is at hand, You MUST buy your Atlantic now BEFORE the price is advanced. Get all you can afford to carry without delay. Now you already know the men and the properties. You know the plan of action. It is up to you to act with- out delay. The price positively will be advanced, prob- ably so quickly that you do not have a day to lose. Any day now you may read of a 50 or 100 per cent ad- vance in price. It is up to you to act NOW. Remember the IRON-CLAD MONEY-BACK GUAR- ANTEE. Get your order in the mail immediately, this day—THIS' HOUR. Investigate Atlantic Petroleum Corporation fully and completely. Then any time within 15 days from date of purchase, IF for any rea- son whatever, or for no reason at all, you want your money back, it will be refunded to you in full prompt- ly and cheerfully. You MUST act now. Do not wait until this stock reaches 2, or 3 or 4 cents a share. Get it now, so that you may be in line for the big market profits which are most assuredly expected. You can’t stand still and catch a fast train. USE THE MONEY-BACK COUPON TODAY. Tomor- row may be too late. Buy all of the Atlantic now that you can afford to carry. Cash, or 10 equal monthly payments without interest. By MONEY-BACK COUPON TROLEUM CORPORATION, ional Bank Bldg. Date Enclosed please find $_.-..,--...___ as (full) (part) payment for shares of the capital stoek of Atlantic Petroleum Corporation (fully paid and forever non-assessable), at 1 cent a share. Fully Paid and Forever Non-Assessable 334 First National Bank Bidg., Denver, Colo. Colorado Securities Act (Blue Sky Law) complied with. Prospectus dated 9-6-24, filed with Secretary of State. Copy mailed by us upon request. Gtreet. .-....- City and State .-