Casper Daily Tribune Newspaper, December 28, 1924, Page 5

SUNDAY, DECEMBER 28, 1924 - STOCKS SKYROCKET. IN CLOSING WEEK Bull Market Continues After Holiday Rally and Reaches Climax in the Exchange of Million Shares in Short Session. NEW YORK, Dec. 27.—With more than 40 issues soaring to new top prices for the year, stocks staged another bulish demonstration in to- @ay’s short session of the exchange with more than a million shares changing, hands during the two- hour period. Coppers were in the fi of the advance, closely followed by the equipment shares an@ a strong demand for the rail- road fssuées. Standard industrials made in for great activity and the general list closed strong. Today’s upward movement was a continuation of the strong undercur- rent that developed with the shak- ing off of depression early in the week, when bears took advantage of the increase in call money rates to force profit-taking and a reaction to the high prices of the preceding week. Twenty leading Industrials, after the holiday rally, touched a new high average. TOUCHED Rising commodity prices, resump- tion by the Anaconda company of dividend payments, substantial tn. crease in car loadings and favorable earnings statements were bullish factors entering into rally. United States Steel common reach. ed a new high record at 119%, the highest price recorded since 1927, and strength was manifested by many of the minor steels. Bquip- ment issues responded in sympathy and with large railroad purchases and no less than 18 copper shares jumped to new high levels. Trading in the rails developed some irregularity due to lack of definite information on November earnings, some pessimism resulting from reported reductions in gross and net income. Anticipation of a g004 spring busl- ness in motor cars encouraged the demand for these fasues, NEW HIGH TOPS ARE BY GRAINS Expectation of Larger Export Buying and Fallmg Off in Estimates of World Supply Bring About Rally. CHICAGO, Dec. 27.—New high Price records for all grains marked today’s trading on the exchange, wheat responding to reports of a serious Curtailment in the world's supply and corn and oats respond- ing in:sympathy, December wheat closed the week at $1,77% and May at $1.80%, while December corn sold at $1.26% ‘and May at $1.31. Sharp, setbacks preceeded the up: turn {nf prices earlier in the week, due largely to profit taking in large volume and lack of export business. Bears used the argument that the advance had been too rapid and that the latest decrease in the visible sup- ply in the United States was only half of what had been expected. Bullish activities were renewed with efforts of a further shortage in the world supply as based on the available surplus for export from Argentina and Australia, and pre- dictions that European buying would soon be resumed in heavy, volume. Provision prices averaged higher. Today's range of grain and pro- vision prices follows: Wheat— Open High Low 1.77% 1.79% 1.77 % 61M 62% 61K 65% 86% 65% 86% 6K 84M 1.52% 153 161 1.61 1.58% 1.59% 1.87 LT 137 1.98% 136% 1.37% Jan. 16.67 17.00 16.67 16,95 -17.10 17.60 17.10 17.40 Jan. ..-+ 16.40 16.25 16.72 16.25 16.70 Jan 16.50 Three New | Union Rushing Work on Wells Near Its Whitaker Gusher FORT COLLINS, Colo., Dec. 27.— Union Oil of California has three wells in the immediate vicinity of the world famous Whitaker gusher being rushed to completion. The Stratton well 600 feet north of the Whitaker has reached a depth of 2,700 feet. The Myers well a short distance east of the Stratton is down 600 feet and is making rapid pro- gress, The Blunck well directly be- tween Atlantic Petroleum Corpora- tion Country Club No. 1 and the Whitaker gusher has reached @& depth of 1,700 feet. It {8 understood that Union Off of California has given orders that these wells be completed without de- lay... It is expected that their cont pletion. will have a decided valuable effe pon Union stock, which is lst 54 the New York Stock Bx: change. ~ Un'on Oil of California is a $125, 000,000 producing concern. This » company drilled in a giscovery well on A lee yy. 1923, Prepara- tions are being made for the handl- ing of a large output. The Whitaker well has heen estimated.to be from 5,000 to 10,000 Barrels per day. While Union Of! of California has started some wells in the north end of the field, indications are that it will direct its efforts largely to in- tensive development of the area im- mediately surrounding the Whitak- er. : Atlantic Petroleum corporation is drilling night and day on the Coun- try Club well a short distance south of the Whitaker. This is said to be one of the most promising opera tions in the entire field. Veteran deep hole drillers started a 20-inch hole and carried it down about 600 feet before setting 6-inch casing, Clem Hinds, head driller of the A‘ lantic drilling staff has perfected a highly efficient organization com- posed of deep hole drillers having a combined total experience of nearly 100 years, This crew has announced that it will establish a drilling rec- ord for the Fort Collins gusher field and: rapid progress being made on this well shows that they know how, The Country Club lease, being de- veloped by Atlantic Petroleum cor- poration, adjoias properties of Union Oil of California. Union has plac- ed rig timbers on the ground for a new well just across a small pond of water north of Atlantic directly between the Country Club well and the famous Whitaker gusher. BUSINESS BRIEFS NEW ORLEANS—The Christm business of retailers here was slight- ly ahead of that of last year. Gales ran heavily to gifts of a practical nature, even for children, although there was no falling off in toy distri- bution. Linens, dress goods, tu cal instruments, radio sets and jew- elry were good sellers. Cold ‘weath- er stimulated demand for clothing. Wholesale trade has quieted down, owing to absence of salesmen from the road for’ the holidays but the outlook for heavy spring orders is favorable. Representatives of the department of agriculture at Gulf ports: ate the combined value ot Mi ippi crops this year at $223,000,000,"an Increase of 17 per cent pV@r last year. ee epmzuction has been "$500,000 addition to the main plantvof Griggs, Cooper and ‘wholesale ‘grocers. S—Work has been t unit of the it Hospital here more than $1,000,- 009. Sandnacta.chere..beew..es..99 for erection of a theater at Canal and South Rampart streets which is to be financed by the Loew, Saenger and Erlanger interests. ——— Resolved A. ‘ AUTHORIZED 711 Seventeenth St. Prospectus Dated 9-6-24 filed FINANCIAL :: Stocks he Casper Sunday Cribunc Copyright, 1924, Casper Tribune. Lumber. ST. LOUIS=The T. J. Moss Tire company has just completed pur- chase of the ‘timber rights of 1,800 acres of forest land in Yount county from N. J. Pierce. NEW ORLEANS — Orders Southern Pine association lumber mille last week Increased 15 per cent from the previous week to 64,400, 000 = feet. Shipments advanced slightly to 72 million feet ana pro- auction rose 4.2 per cent to 83 mil Hon feet. Unfilled orders total 233,- 700,000 feet. to —a Rice. HOUSTON—The rice yield in Tex- as this year was forty bushels to the acre and the total production 5,- 500,000 bushels, This is 200,000 bushels under the crop of 1923. Radio. BETZWOOD, PA. Film corporation has sold its plant to the Music, Master Radio corpora- tion, which Will manufacture all kinds of radio equipment there. The land involved covers about fifty acres. The Betzwood Commodity Trade News Livestock. CHEYENNE, WYO.—There is an excellent demand throughout Wyo- ming for breeding ewes. The move- ment of cattle to market has been heavy and there is a distinct tend- eney to replace cattle with sheep on the Wyoming ranges, since sheep men have had a splendid year? Everyman’s Bankers “Ciose Fisted.” Ask the next ten people you meet, what business tends to make a man most conservative. The wer in al- most every case will be, “Why bank- ing of course.” Why is it that the banker is almost always so conser- vative? He Is. There is no doubt about it. Many of us think sometimes that he js too conservative, especi- ally when we try to get a loan. ‘The banker has to be conservative because the first requisite of bank- ing is safety. Suppose a banker lent $100 to 100 different people at 6 per cent. He would lend, to the 100 peo- Pile, just $10,000 fn all. The profit on each transaction, after expenses probably would be $1 or a total of $100. It might be as high as $2 on each deal, but $1 is reasonable. It just one person out of that 100 fall- ea to pay up, the bank would split even. If it collected the interest in advance, it would make 6 per cont on the $100 interest money. which :: Grain : : but When its actual uses are analyze it is. seen that it is employed wher real any way. have distinctive .fields,. silk would be too expens e been e The two materials‘ really and iui is being There will ARTIFICIAL SILK IS LOOMING INDUSTRY Roger W. Babson Discusses Future of Newest Textile and Says It Should Be Known Under Own Name in Manufacture. BABSON PARK, Mass., Dec. 27.— The news that premiums are being offered for deliveries of artificial silk while the rest of the textile in- dustry is just emerging from one of ‘the worst depressions in its history ta Interesting and may be signifi- cant. In a statement issued today bearing on this situation, Roger W. Babson clears up several misunder- standings regarding this newest tex- tile. “Although the process for mak- ing artificial*silk has been known for 20 years the industry has not de- veloped to any extent unt!l the post war period,” says Mr. Babson. Some 8,000,000 pounds of artificial sill was made in the United States dur- CRUDE MARKET That I will profit by investing my FIRST reputable and responsible brokerage house so that I may have complete and accurate know what to buy and when to sell. I will never send my money sible this and all coming years. SECOND I will make men. I will buy ATLANTIC shates NOW—at 1 cent a share before the big nd I will purchase my stock direct from the authorized financial used by Club lease. A. § n 4570 with Secretary State as required Copy Upon Request. romoter, but will investigate carefully through a con- acientious broker to the end that I may prosper t! IT ATLANTIC PET. CORPORATION ° “The cotton and woolen interests have watched this new development trying to find out how it will affect them. F produced in certain PAGE FIVE, Livestock _ All Markets Hee “Rayon, then,” conctuded Mr, Badror, “is neither an imitation -of silk nor a substitite for cotton. It is an entirely new product conrtbut- further perfected and costs are re-; duced, it is possible, that rayon may come into, direct competition with cotton for certain purposes: as far as Eutope is concerned. Most manu always be a demand for real silk } pean countries, notably Italy, at a| facturers of cotton, however, have | ed by science to the textile industry, ‘ Holly, with its greater tensil strength and| very low cost, so low in fact as| benefitted so far by tha introduc-| It ts relatively free from price fluc- PHILADELPHIA—Some residents | other qualities which have nat been| to compete directly with some| tion and popularity of the new pro-| tuation and promises to add ma- f of Philadelphia are “all swelled up"*} reproduced in newer products. Ray-| grades of English cotton yarns so| duct. They have incorporated rayon | terially to the variety obtaittable in . over their Christmas celebration to-|on tends to supplement the silk fer as price is concerned. ‘The Ital-| with cotton to get designs and ef.| textiles. As an industry, rayon, is , day. Unlicensed peddlers, in some/ dustry rather than compete with| tan product is made largely from] fecta heretofore impossible or im-| enjoying a growth hardly surpassed A instances, sold poison ivy of real|it. Of course there is direct com-| woot’ pulp by the ose process. | practical. In a real sense the add-|by any other industry in the pres- ' Christmas wreaths. pétition im some instances but it} Water power is plentiful in Italy| ed beauty gained by combining ray- | ent decade.” i pn is not anywhere near as serious as} and abundant cheap labor has en-| on with cotton have acted as a stim: General business as reflected by n Agricultural Implements. superf'cial consideration might sug-| abled them to get their costs down| ulus to the demand for certain types} tha Babsonchart continues at nr. a KANSAS CITY—Dealers in farm | gest to a minimum. As processes are|of cotton goods mal. i it implements declared today that prds- — ~ — = = - = * — = (se pects for spring business were ex- . i } i} NUT it ceedingly. bright. One eater tas ) SAMMI MINN NUNN HGH ARMA QT ‘ contracts with 500 dealers for spring requirements, ‘ c oi. P SHREVEPORT — The Crusader Oil and Production company, said to r be a subsidiary of the British Mexi . ean Petroleum company, has bought is 660 acres in the Gotton valley field hi for $2,000,000. ‘Thts was the largest 4 Ps deal yet made in the field. m y “ Non-Ferrous Metals. E v CRIPPLE CREPK, COLO.—Pro.-! = duction of precious metals in Colo * rado mines in 1924 will about equal | B= ¥ that of last year but the outlook for | 5 is 3936 is extremely bright, since zany |e Atlantic Petroleum Corporation is the most im- of this stock at the same price and terms offered to by cea car a anes ee ee = portant independent operation in the Fort Collins ue ra prestdeny ty Cat a uh large Fort r This is noticeable here, at Leadville field. Atlantic’s leases in the Wellington-Fort Col- ollins banks bought a substantial bleck o antic = and Durango. Aion fleld'dke Woes th to product! 1 itis believed stock recently. The heaviest investors are people 2 - : Re A RR re Mah Heda living in and near the field, people who are thor- 3 w yA a I ales that they are the most valuable properties owned by oughly familiar with values. This local confidence : ‘Of JOaNvantiliy | preguctien-. alieedy any independent in the entire field. Oil men and is the greatest recommendation which could be contracted for amounts to at least a ofl field workers are investing their money in At- given any company. We say to you: Do not hesi- at of he Sey Rios oF 9 zit: lantic Petroleum. Men working on the Country tate another day. Buy your Atlantic NOW before hd od te blah a Sac a ratiart ee aes Club rig have purchased more than 100,000 shares the price is advanced. ft ite at Investment gee SS —— ce 4 er would be only a neglible profit on the $10,000, which was lent to the 100 . G6 4 ne people. . The bank stockholders, perhaps it co TR a. % is the banker himself, owns about UN Y CLUB NO! si $1,250 of the $10,000 he lent. The ON’ 80 balance belongs to the depositors. If ty" thirteen people of the hundred failed : to pay, the bank not only wounti lose ay its profits but {t would lose its cap- b ital too. E y Do you know of very many buel- - nesses where a 13 per cent loss of capital employed would break them? Hardly. There are many types of business where a man figures on be a ing right only 51 per cent of the = time. Yet the banker must be right 99 times out of a 100 to split even, and if he is not right 8&7 times out of every 100 he may go broke. The suc- cessful banker can’t ever afford to ‘y lose. That is why he is satisfied with a small profit, on each deal. He must ur eliminate risk. Is it any wonder that ad ho is conservative. nt we ed DRILLING WELLS ~RIGS E 18), OR LOCATIONS 4 a = TUDY THE DRAWING! _The Country Club well is one of the most promising operations in the entire = Fort Collins field. This is but one of many lease properties owned by Atlantic Petroleum Corpora- tion. The well is down about 900 feet, and it is believed that Atlantic will drill in a gusher as large = —or larger—-than the world famous Whitaker. In addition to its two 80-acre leases in the Wellington and Fort Collins field, Atlantic Petroleum now has 800 acres of promising leases in several other districts. The management also has acquired an undivided interest in 109,300 acres of State leases in New Mexico. | This is equivalent to 1,093 acres. The California Company, drilling subsidiary of Standard Oil of California, has a well down about 00 feet in this immediate vicinity. The management of Atlantic is building for = permanency and is determined to lay the foundation for a great independent producing company. Limited ashy Ge aeaanee. goidedestde abt capitalization, large ‘holdings, and capable management are the three essentials t t ed 35,880,000 pounds and this year ag i ee lM S = Li 74 4 PS) SPRSD AMY, SAPPY PUCSeee: | will doubtless show an even great er increase. American production last year equaled two thirds as much @ e e as the real silk imported, while world production of artificial silk totaled as much as real silk produc: ° ed. What was regarded four years ago as an infant industry in this country must today be looked upon | as a lusty infant whose growth | == amazes even its parenty,. The baby | B= industry grew #0 fast, in fact, that | == the textile manufacturers and dea)- = IM A = ers did not even have time to name = it. The first name, ‘glos,’ did not seem to suit and while the second, Protect yourself and help your company by ‘artificial eilk,’ has been used more buying your stock direct from Atlantic Pe generally than any other it is not a troleum Corporation or from one of its Au- ; correct classification. The new fa- thorized 2 BO eB If you follow fj bric is no more artificial silk than it this suggestion JR company may use vai i i Sa: aattyelalcebions. Serta, a auatines YOUR money as it is received in developing Do not wait until Atlantic Petroleum is selling at 2, 3, 4 or 5 teste mage 2 collulone, Some of its promising properties. cents ashare. Make a substantial investment in this meritorious is manufactured from a cotton rise ay 8 rour 5; i Sash, hutharplipaaiiinickedsepssen CASH ORDERS—Send your cash orders di- enterprise today. Send your order immediately so that you may = A cheaper grade is made from wood |= rect to Atlantic Petroleum Corporation or obtain your stock at the 1 cent price, Do not wait another hour. fibre by the viscose process. Manu- any reputable and -responsible broker any facturers and dealers have now nam- where. R ber the IRON CLAD MONEY BACK G = ea it ‘rayon’ and it Is hoped that it aaa i emember the UARANTEE, will soon be known and called by DEFERRED PAYMENT ORDERS — Send It gives you full and complete protection. Send your order IM- » this, its awn name. your order for Atlantic stock on partial - MEDIATELY before the price is adv é sri M “Haying ‘somewhat the lugtre of ment or marginal account direct to the com- MEDIATELY before the price is advanced. Investigate Atlantic real silk (he. new product ja being pany, or to cither of Atlantic’s authoriged fi Petroleum fully and completely Then, at any time within 15 im used fo lend’ dpeorative ertett to nancial Light if phi ly & Ligees of Wis days from date of purehase, IF for any reason whatsoever, or for ‘ other fabrics. Lacking the neces Jantie, Sarroleum, Corporation positively: and no reason at all, you want your money back, it will be returned 7 a Senet eniae te ga absolutely guarantees that your ck will to you in full, promptly and cheerfully, This is for your protec- ; mixed with cottoh and wool or pid be delivered oy ou Jounemately wh n-ypn tion. It is up to you to act at onee. bined with these fabries where ten- ge Aa SPARS 0; A MEVELE OE BRN ath ee ,it Frlgatt Saget rived ¥ You owe it to yourself to make at least one substantial specu- ge textiles haturally arises, It seems A. A. HALL & CO lative investment with capable and successful men. 5 to compete most directly with silk Listed and Unlisted Securities { ae tie ‘eug 711 Seventeenth St., Denver, Colorado. Use the Money-Back Coupon today. Tomorrow may be too e VEN & CO. late. Send your order immediately for all of the Atlantic that by my mistakes. I will do this W. R. GI 4 , . § ‘ SArry, ' 4 finde te the: futiite ihevek'a Wall Street Journal Bldg. New York City or you can afford to carry. ash or 10 equal monthly payments X 804 Interstate Trust Bldg., Denver, Colorado without interest. information and so that I may again to any slick and irrespon- Colorado Securities Act (Blue Sky Law) complied with. Prospect is dated 9-6-24, filed with Secretary of \ State. Copy mailed by us upon request. ‘oughout Oe ity mak at least one substabtial inv eats Atl ti Pet | MONEY BACK COUPON OuEet ; ment right now with capable and successfu “ATLANTIC PETROLEUM CORPORATION, y PETROLEUM CORPORATION antic roiceum | 334 First National Bank Building, po ee On ‘oaipandioel 2 ? rice advance Denver, Colorado. = w . Gentlemen: Enclosed please find §...-- -~-45 (full) (part) payme: fo mt of the company so that MY money may be Corporation | EL EE ee Y company to develop OUR valuable Country for-~ ~~. --- =--ss-----+- shares of the capital stock of H : Atlantic Petroleum Corporation (fully paid and forever non-assessable,) Capitalization $500,000 Par 1 Cent j Acetone = a | Fully Paid and Forever Non-Assessable j a 3 4 Denver, Colorado 334 First National Bank Bidg., Denver, Colo. =, i by Colorado Blue &ky_ Law. i Olty-------- State. so rennnnene = i! ‘ ; j iN