Casper Daily Tribune Newspaper, January 25, 1925, Page 18

ve Casper Sunivayp Criturne ’ Finance :: Bonds :: Stocks :: Grain ———___——————- NEWS AND QUOTATIONS B¥ LEASED ; PAGE wIX and action of Steel directors next a interruptions needed tu maintain a ' on the common will help all steel Hornblower and Weeks—Now that OIL ISSUES STRONG AT CLOSE OF WEEK | New York Stocks | Last Sale (By Wilson Cramner snd Company) Bessemer -_-.. Boston Wyoming OIL SECURITIES By Wiisen Cranmer & Co. stocks. Many will assume the U. 8.}a vubstantial upturn is in progress Steel's quarterly statement to be| and exceptionally as nev high prices issued next Tuesday will be equally good or better. Up to the steel meet- ing it is quite likel, have been. made for the industrial section we would expect it to con- y and into the early part scrong technical position. A strong forward movement is in the making in the ofl group and we would be patient in waiting for it to develop. J. 8. Bache and Company— The the position Tuesday. If they do take favorable action and declare something in addl- Uon to the $1.25 regular and 50c ex: tra there may be plenty of realizing on the theory that the good news is out 24.—Olls and featured 2 Copper horn - Williams Gates - ice ae ee Allied Chemical and Dye - 83% will work higher. with only the normal [Ess es | Ami = sae tie Creek wou ny . . 4 Ci id Foundry -- 2-S-: |r Crude and Gasoline Price Advances Encourage International Corp 3484 | Blackstone Bait Creek: ; T . 5 Am Locomotive -------- 166% | Chappell — * tt Heavy Buying on Exchange; General List | Amecions’ Suialns/aDA are: ete o ee : rs) e Unsettled During Week. Riera eects e a LS e y | 10ns or Te Ame mn Woolen Domino ~-. . 3 eonrags¢srocon anne aero Lacan for the session ik exchange at the close ot Ic which irregular tend- encie With the market opening delayed 45 minutes by the se, many traders failed to put In an appearance for the short session and weakness developed in both the ‘extile and fhotor groups. Equipments showed some strength, reflecting reports of large orders placed by the railroads, but the closing was irregular and sales for the day amounted to less than half a million shares. Prof a moveme ng the week to un- settle the general Ust and textile motor issues were singled out Thursday wit- y when the United ie way to new top but selling was resumed late | traders were behind] Friday when profit-taking and short selling set in for week-end gdju ments | Continuation of sterling’s advance toward parity was a feature of the week in financial developments, d mand bills crossing $4.80 for the first time in ten years. Other Euro pean exchange rates reflected the improvement, In the stock market one of the most important developments was the advance in crude ofl and gaso line prices throughout the country, Ol issues came into strong demand and were bid up materially on the strength of the optimistic outlook for the industry. Reports that the stock would be placed on a $7 dividend basis, next week was responsible for the strength of U. S. Steel. Market !m provement was also reflected in statemente showing an increase in| quarterly earnings by Bethlehem Steel. May Wheat Soars to New High in Chicago Sales; Foreign Demand Strong CHICAGO, Jan. 24.—Wheat and rye sold today at a new high on the crop, May wheat touching $1.96 or 15% cents over the low of last week. There was heavy realizing sales from the start but each recession brought in renewed buying and it until toward the close that he market acted over-bought. The technical position was largely re- sponsible for the sharp decline from the top and many of the pit element who went long on the bulge unload- ed on the way down. Foreigners were again after American wheat and sales In all positions were around 500,000 bushels, Cables reported the Australian dock strike as spreading and becom- ing more serious and that country is now only suffering for March ship- ment. A private estimate indicated charters had been made to move out 138,000,000 bushels of southern hemi- sphere grain, while charters from North America were slightly under 8,000/000 bushels.’ Liverpool closed 2% to 2% higher at a new high on the crop and Buenos Aires was up 2% at the start. Corn and oats showed a heavy undertone with con siderable pressure from scattered longs on the weakness in cash corn. Spot basis was half to 3c-lower was not Galena and Pyrite Are ‘Needed In Radio Work Prospectors and mining operators y tind it profitable to give atten- ion to the production of galena and rite for radio purposes, according ivices récently received in Chey- enne by Albert B. Bartlett, state ge- gist. The state geologist has re- ceived inquiries for galena for which the manufacturers will pay from $250 to $750 per ton, depending upon {ts value for radio purposes and for pyrite from $500 to $2,000 per ton, The galena should be in lumps of @ grade so that at least 51 per cent of all the pleces will be good tof ra- dio detectors when broken into from % of an inch to % of with discounts about the widest on the crop, Argentine shipped a car- go of corn to Canada. Domestt de mand continues slow. Provisions Were easier with corn. Hogs were steady with receipts 47,000 and 9,000 expected tomorrow. Cash Chicago 1 to 4c lower, oats steady to 1c lower. Today's range of grain and pro- vision prices follows: Wheat— Open High Low Close May 1,93% 1.95% 1.92% 1.95% July 1.69% 1.71% 1.68% 1.70% Sept. 1.56% 1.57% 1.55% 1.56% Corn— May 1.32% 1.35 1.32% 1.341% July 1.83% 1.85 1.82% 1.32% Sept,. 1.33% 1.35% 1.38% 1.34% Oats— May .... .61% .62 61% .61% July’ ..., 61% .62% .61% 62 Sept. 59.59% 58% 59% Rye— May 1.73% 1.76% 1.73 1.7654 July 166 1.58 1.54% 1.58 Sept. 1.35% 1.87% 1.35% 1.37 Lard— Jan -16,05° 16.05° 16,05 16.05 May 16.55 16.55 16.45 16.50 Ribs— Tans 15.60 d 1.15.95 16,95 15.95 15.95 Bellies— Jan. 17.50 May.«.. 17.60 an inch fn length. Lumps must be held on a screen with a 2 inch open- ing. The decision as to {ts value must depend upon ‘tests made by the Foote Radio Corporation of Phila- delphia, Pa,., which is making in- quirles for these minerals. They de- sire to have samples a pound in size. and will take one ton per month. Pyrite must be hard, compact and bright. Lumps must be held on a | International Gulf and ‘e and Ohio E 1 Steel -. California Petroleum Itim: Canadian Pacific Central Leather Cerro de Pasco Copper ‘handler Motors ---. Chile Copper Chino Copper - Consolidated G “ Pr Int Marine pi. International. Paper Kelly Springfield ‘Tir Kennecott Copper Lima Locomot! Mack Truck Marland Oil Maxwell Motors etrol Producers ‘an Pure Oil Reading Republi toebuck Sinelatr Con. Ot Southern Pacific Southern Ratlway Standard Oil of }D Studebaker Corp. - Transcontinental Oil Union Pacific U. S. Ind. Alcohol United States Rubber United States Steel Westinghouse Hlectric Willys Overland Curoberland Eureka Sig Com. . g. Old pfd. . s. New pfd. ana” Pipe jona) Transit - New York Transit — Northern Ohio Oil Pete Penn. Mex. Prairie Oil - Prairie Pipe - lar Refg. ». Pipe’. So. Penn, Oil S. O. Ind. ~ 8. 0. O. Ohio pfd. ~. n and Finch screen with %-inch square opening. Producers desiring to take advan | tageof these high prices should not | fail to send samples. } Copyright, 1925, Casper Tribune) Grain, PORTLAND, Ore—Many farmers in Washington and Oregon have been compelled to pay high prices for wheat which they sold earlier in the season at around $1.50 a bushel] to secure supplies for re-seeding of winter wheat. BLOOMSBURG, IIs. — Farmers here are holding their wheat and thousands of bushels are held in storage while growers wait for the price to rise to § a bushel, “ on, HOUSTON.—Average dally ofl producti n the Gulf coast and Texas fields last week was ‘4 barrels, a decrease of 3,110 vhrrels TULSA, Okla.—Daily crude oil production in the United States for last week gained 14,486 barrels, to am total of 1,998,015 barrels. The Wortham fleld showed the largest Fruis, WTON, Mich.—Grape ship- from thls place, the center of Michigan grape industry, total. ! 911 cars last season, an increase f 2 cars over the preceding year. yan growers received close to heir crops, the bulk of @ marketed through. co- 5 live aswociations at a cost of 2 per cent of the gross sales. Coal, WNGSTOWN, Youngstown steel concern has con tracted for 15,000 tons of Connells- ville coke for immediate delivery. This has tended to slightly strength- en the market. Iron and Steel. PITTSBURGH.—Indications are that pig iron is going higher. Scrap iron apparently {s uncertain but al- loys are advancing, Bessemer tron is quotable at $23 to $28.50, basic at | $22 and foundry at $22.50 to $23. pene Oi Summary. Independent Of] and Gas company reports for year ended December 31, net earnings of $654,015 after depre. elation and depletion, equal to $1.45 a share on 450,000 shares outstand- ing. Production of Wortham field est!- mated at 180,000 barrels against the peak of 167,000 on January 15. Semt-offictally stated that Simms Petroleum production in’ Wortham field so far this month has averaged ten thousand barrels a day or prac* tieally as much as production in all other fields combined. Simms now has 19 completed wells {n Wortham with other drilling operations, ees Consolidated Royalty Dividends. A total of $2,799,795.08 has been paid In 29 consecutive quarterly divi- dends by the Consolidated Royalty Oll company from January 15, 1918, to January 20, 1925. During that time the company has granted a 10 par cent stock dividend and twice has granted stock purchasing rights amounting to 10 per cong of holdings. | hington Neb READY MONEY The wise investor and speculator always has more than enough ready money on hand for-his needs. uses judgment and he knows when‘: to act. connection do not forget that ATLANTIC PETROLEUM Offers a splendid opportunity to make big, quick profits. ,,,, Atlantic Petroleum Country Club No; 1 is below 1,000 feet. This company has bought and paid for sufficient c: ll down to 8,500 feet. stor is in charge of the field wor! this backing. Atlartic Petroleum now owns outright and free of any en- cumbrance, 960 acres of: leases. undivided interest in. 109,300 acres of Stato leases in New Mex- This is equivalent to 1,093 acres.’ pany, Ga 4 subsidiary of Standard Oy ico. well down a 1 cent a share, interest. WE ARE AUTHORIZED FINANCIAL AGENTS OF AT- SEND YOUR ORDER DIRECT TO US SO THAT YOUR MONEY MAY BE USED BY ATLANTIC PETROLEUM CORPORATION AS RECEIVED IN DEVELOPMENT. Tear this advertisement out name and address for a trade stocks. FREE upon request: Our ise, GENUINE Ey con ete and authorative. LANTIC. SERVICE uine Service. 711% 7th St. Prospectus dated 9-6-24 filed with Secretary of State Copy on Request. . In ldwin Locomotive - hesapeake and Ohio hicago and Northwestern _- go, Mil. & St. Paul, pfd. hicago, R. I. and Pac. Refiners _. Iron and Steel Cclorado Fuel and Iron — TA ter ~. we. eo = um Ba. Jupiter Kinney Coastal - Lance Creek Royalty Mike Henry Mountain and Guit Picardy ~ Preston -. Red Bank Western Exploration ~ 2.25 Western States +10 Y Oli -- Mountain Glenrock Salt Creek alt Creek Cons. | New York On - | Mutual Ss. O. Ind MARKET CRUDE Big Muddy Mule Creek Sunburst -. Hamilton Dome .~. Lance Creek Osage ..-. - Grass Creek, light Greybull - Torehlight Etk Basin Rock Creek Salt Creek Eggs. KANSAS CITY.—Eggs which rose sharply on scarcity in the southwest have eased and the retail price is now between 65 and 70c a dozen. i oe Grain and Stock Opinions From Brokerage Wire Grain Opinions. Huiburd Warren—Look for higher prices in wheat, corn looks weak. Harris Winthrop—Advise conser- vation of wheat. Corn needs a better class of cash demand. Stein Alstrin—The close suggested that the reaction might go further. 60 Bartlett Frazler—Advise extreme 115 | caution in buyin gat these levels. 105 Jackson Brothers—The advance 155 | was a little rapid. We favor rein 84 | statement of holdings on any sharp 24% | brenk. . v Thompson McKinnon—There is no 86 | evidence of cersation In foreign buy- 74 | ing. Corn looks Icwer. 24% Stock Opinions. 39 Pynchon and Company—It ts most 245 | probable that the bull market is en- 124 | tering its final phage, indefinite 217% | to length of, time, but should be fea 101 | tured by upward rushes, accompan- 94° | ted by larger volume than has been 66% | witnessed to date. Continue to hold 40% | Erie pfd., which has been somewhat 125° | backward so far. The action indi- 47% | cates moves of no mean proportions. 357 Block Maloney—The street {s more 118% | bullish on account of a display of 27 | strength in U. 8. Steel and some 82 | other leaders, Th¢ excellent state- ut 2,800 feet in this immediate hed splendid showings of oil and 5 e predict that the Atlantic Betroleum near the Whitaker well in the world famous oil field, will be as large—OR LARGER—than the Whitaker. Buy your Atlantic immediately before the price is advanced. Cash or 10 equal monthly payments without ‘ort Collins gusher field. Actual ; quotations on any stock. Statistical Seber aoe cial report on any active or inactive company. You may without any obligation to y A. A. HALL & CO. Members Denver Stock aye Deriver Chamber of Commerce 70 Main have this exceptional service FREE ou whatsoever. ment pf Bethlehem Steel for the year 1924 shows net $108 a share earned He In this ing to carry ful oi! oper- The company has strong A cepabis ‘and succe: The company also owns an The California Com 1 ef California, has vicinity and has ed Club No, 1. Fort Collins gusher * and majl it to us with your proposition on your inactive jarket Letter. It is con- Large geological We render Gen- enver, Colorado 7 Z Study the new perspective map drawing. acres—in the northeast of section 12 near the California in the Fort Collins field. . Itshows Atlantic Petroleum Corporation’s lease—80 golden wells drilled by Union Oil of famous Mitchell and discovery Observe that Union Oil of California has a new operation less than a half mile north of the Atlantic lease and that the Scott well of Union Oil of California is located near by. Union is reported to have made loca- tion upon the adjoining and offsetting lease approximately 400 feet east of Atlantic’s lease. Atlantic Petroleum Corporation location\on this lease, as indicated by the derrick, is in a very strategic position. lease is right on structure and close to the approximate loca- tion of the major crest as shown in a new copyrighted geologi- cal map of this field made by F. J. S. Sur, one of the best known geologists in America, Tt is anticipated that Union, Oil of California, a $125,000,- 000 producing concern which discovered and is now dev ATLANTIC PET. CORP Bz “| EIGHTY GOLDEN ACRES 4 WE <—— LEGEND ORILLING WELLS, RIGS OR LOCATIONS this great gusher area, will prove the Atlantic lease up for gush- = pesnetts in a very short time. It should be possible for Atlantic Petroleum Corporation to sell this lease for a profit of several hundred thousand dollars before this company ever spends one cent upon it for development. e Untold millions have been made in leases bought just ahead of the drill. This lease is one of the most promising properties in the entire Rocky Mountain oil area. It is a splendid specula- tion for gigantic profits and it is bought and paid for. . This elopi nN RS USS ' re] <Z UNION OF CAGR\ - 7 \TUDY the perspective map drawing. It shows the location of one of Atlantic Petroleum’s leases—80 golden acreas—in Sec- tion 12, cubic feet gassers and both are also making oil. Leases and Interests Are Owned Outright - We have heen so busy telling you about the wonderful progress being made on our Country Club No. 1, which is below 1,000 feet; that we have almost neglected to tell you about our other valu- able and promising properties. Atlantic Petroleum owns two 80-acre leases in the Fort Collins gusher area. ; Atlantic Petroleum owns two 80-acre leases on what is known as Loveland Like structure close to a well which has already been started by an In- dependent ojl company. The United States Geo- logical Survey has reported the Loveland Lake structure as favorable for the occurrence of oil and gas. ‘ In addition to the above 320 acres Atlantic Petroleum owns 640 acres of leases located in other promising districts. Atlantic Petroleum recently acquired an un- divided ‘interest in 109,300 acres of State leases in New Mexico. This is equivalent to 1,093 acres: The California company, drillin, subsidiary of Standard Oil of California, is drilling a well in this immediate vicinity. Management of Atlantic has been advised that there has been a splendid show- ing of. oi] in this well already. The well is down about 2,800 feet. Production is expected at about 8,000. feet. ALL LEASES AND LEASE INTERESTS HELP. BY ATLANTIC PETROLEUM ARE OWN- ED OUTRIGHT AND FREE OF ANY ENCUM- BRANCE. ’ ACT! NOW IS. THE TIME! You owe it to yourself to make at least one substantial speculative investment with capable and honest men. All of the salient facts have been placed before you. Atlantic Petroleum has all of the essentials to that the management is capable and honest. ties hold forth splendid promise. - If you are able and willing to make an attractive should act without further delay. ‘ou. know ~ It has been announced that the price of Atlantic Petroleum shares positively will be advanced 50 to 100 per cent—OR MORE--in a very short time. You have been told that Atlantic Petroleum reserves the right at any time to -lose its subscription books forever without notice, Do not be one of those unfortunate persons who could have made a profit but did not! The thing for you to do is to act now. Do not delay a single hour! Buy your Atlantic Petroleum stock today, direct from the company 1 cent a share. or one of its Authorized Finaneial Agents. equal monthly payments without interest, eat success. Do not wait until tomorrow! Note how close this lease is to the Mitchell and discovery wells of the field. These wells are rated as 80,000,000 It is expected that the drilling operations of Union Oil of California, will this 80 acres up for gusher production before Atlantic Petroleum Corporation spends any money upon this property. prove te Three Essentials To Great Success There are three essentials to great success. Ali three of these essen- tials are necessary if large profits are to be made. Atlantic Petroleum Corporation is the outstanding independent of Northern Colorado—the supreme oil offering—berause it has these three essentials to success. 1. LARGE HOLDINGS—Atlantic Petroleum Corporation already has valuable and extensive holdings and it is the announced policy of the management to increase these holdings as rapidly as possible. “2. LIMITED CAPITALIZATION —Authorized capitalization of At- lantic Petroleum Corporation is $500,000. Par value of shares, 1 cent. Fully paid and forever non-assessable. It is believed that this capitaliza- tion is sufficiently large to enable Atlantic to fully develop its proven properties and to acquire many additional properties in promising areas, 3. ABLE MANAGEMENT—Attintic Petroleum Corporation is an all-home company. Colorado ‘corporation charter. The company has complied with all provisions of the Colorado Blue Sky Law. Atlantic Petroleum Corporation has seven directors, The men who sponsor this enterprise are capable and honorable business men, men who have made conspicuous success in a business way, men who are widely known for their busmess integritys These men aim to carry this enterprise through to a most brilliant success, OFFICERS AND DIRECTORS Judge F. T. Norbury. ‘President Thomas H. Robertson__.___ Director Capitalist, Colorado Springs, Colo. ident, Fort Collins Country W. J.” Atkinson_..--~ Vice-President ei Merchant, Colorado Springs and lub; Fert Collins, Colo, Manitou, Colo. Ginn tetige ee eee SSG BOL Bird...----! Secretary-Treasurer Office Manager, Denver. Colo. B. A. Schlichter-. -Director V Commissioner of Finance, City of Fort Collins, Colo. Former Member of the New York Stock Exchange, Brooklyn, N. Y, . E. Stanle -Field Engineer Ol! Operator, Casper, Wyo., and Denver, Colo. IMPORTANT NOTICE _ ,Protect yourself and help your compan y: ing your stock direct from Atlantic Pateaieicn ox: poration or from one of-its Authorized Financial Agents. If you follow this suggestion YOUR com- pany can use YOUR money as it is received in developing its promising properties. CASH ORDERS: fend your cash or i to Atlantic Petroleum Corporation or Bea aa and responsible broker anywhere, DEFERRED PAYMENT ORDERS: Send yo order for Atlantic stock on partial payment or marginal account direct to the company, or to eith- er of Atlantic's Authorized Financia) Agents. If you buy from one of the company’s Authorized Fi- nancial Agents, Atlantic Petroleum Corporation positively and absolutely guarantees that your stock will be delivered to you immediately when you pay for it. Atlantic’s Authorized Financial Agents ' A.A. HALL & CO. Listed and Unlisted Si iti 711 Seventeenth St. e Denver Colorado W. R. GIVEN.& CO. Wall Street Journal Bldg., New Yi Ci 804 Interstate Trust Bldg., Denver Colonie, ry You know that You know that the “proper- speculation, you Cash or 10 Colorado Securities Act (Blue Sky Law) complied with. Prospect is dated 9-6-24, filed : with Secretary of State. ATLANTIC Petroleum Corporation Capitalization $500,000 Per 1 Fully Paid and Forever Non-Assessable 334 First National Bank Bldg., Denver, Colo. * Copy mailed by us upon request MONEY BACK COUPON ATLANTIC PETROLEUM CORP Y, 34 First National Bank Butiding ae Denver, Colorado. , Gentlemen: Enclosed please find $ CT.-1-25-25 Date... 2-22 ae. ssee-----88 (full) (part) ~ shares Of the capital ‘ully paid and forever stock of Atlantic Petroleum Cor non-assessable), at 1 cent a aha Cent Street. cht