Casper Daily Tribune Newspaper, February 8, 1925, Page 7

iPrice advances. The general list to. SUNDAY, FFBRUARY 8, .1925 Oil :: Finance Bonds OIL ISSUES REACT Reports of Investigation Into Recent Advances Unsettle Prices on Exchange; General * List Continues Firm. NEW YORK, Feb. 7.—Threatened investigation in gasoline prices which continued on the upgrade dur- ing the week brought some reaction in ofl shares during today’s short session of the-stock exchange. Specu- lative interest early in the week turned largely to the ofl shares and istent gains had been recorded ‘© result of gasoline and crude FORT COLLINS, Feb, 7.—Atlantic Petroleum Country Club No. 1 now Grilling night and day below 1,300 fest, is checking with other pro- ducers tn t Wellington-Fort Col- ling field. The log of the Country club well shows that the Hygjene sand—the best known market in tho fleld—was picked up about 170 feet shallower than it was found in the Whitaker gusher and other wells. Field Engineer ,V. B. Stanley of At- lantic Petroleum, says that this prac- tleally proves that the Country club avell ig Higher upon the structure, hearer the top of the dome, than any well heretofore driliea in the field. According to the Ofl and Gas Tai nal of Tula, the Hygiene sand was encountered by Ache and Brande! at a dépth of 1,246 feet. The Ol! Jour. nal is also authoritative for the state- ment that the Hygiene sand was al- #0 encountered in the Whitaker well of Union Oll of California, at from 1,115 to 1,190 feet. The Atlantic well is checking out with other wells tn the field and it probably will bo completed at a slightly shallower depth than the Whitaker. “Geologists havé shown the field trend to be northwest — southeast, and Atlantic's acreage ') well within the contour lines and in my opin: jon {8 right square on top of the domo. Indications whith we have al- ready had, convince me that Atlantic tivity being directed toward issues in which speculative cliques were op- erating. Constructive trade news, which included car loadings in ex- cess of normal, reduction In crude production and further’ gains in op- erations by the United States Steel operations, stabilized industrial is- sues, South and southwestern carriers were favored among the railroads as a result of expectation of favorable dividend or merger developments. shown by the motors, sugars,| Shipping shares responded to re- cals and public titflities. Sales| ports.of improvement in ocean {the day amounted to about 700,-| freigHt'and passenger traffic while shares and some irregularity| demand for red metal in London en- noted in the close. couraged trading in coppers. ding in most issues during the The public utility group was sub- was marked by backing and| ject to’ reactionary tendencies along Movements, the greatest ac-| with ratio issues. eat Northern Making Progress at Wellington ORT COLLINS, Oolo., Feb. 7. feat Northern Oil has finished run. easing at the Kitterman No. 1 HM in section 8.9.68, Wellington continued to display strength d exhibitions of group strength Was recently acquired by this com. pany when Great Northern Oil se- cured control of the Colorado Ot] Producers. The location of the well Atlantic Petroleum Test TO GASOLINE TALK| In Fort Collins Field : Checks With Producers field,” V. E. Stanley said after check- ing over the log of the well. ed In development in northern Colo- | rado are closely watching the Coun try Club well, checking the log as the hole goes down. tha drillers, seven well known géolo- sists visited the Atlantic rig one day last week. Clem Hinds, who fe drill ing this well, has a log of the hole posted in the rig for the benefit of members of the Country club, many of whom are company. at a rapid rate and should m 100 feet or more a day. Whitaker and not far from the Coin try olub lease, is down about feet and ft is expected this well will be drilled-in in Union Oil of California anticipat an enormous output has already | erected storage tanks at the Ver Straten and is preparing to bring this wel not a afop of ol! may be lost. Straten {s completed, California will drill in the Blunk No 1 which {s situated almost on a di at rect line between tho Whitaker and | the ter of an intensive development cam paign and {t {s reported upon good | is within the contour lines as shown on all geological maps and about one mile from the Mitchell well of Petroleum will get a gusher well larger than any yet drifled fn this a Roture and js now drilling day and ht at both tho Kitterman and futhority that a Will b6 started here Immediately, Che Casper Sunday Cribune Stocks Grain : NEWS AND QUOTATIONS BY LEASED WIRE=—————______—— pool to handle their long spring wool which will total about 500,000 pounds. The clips probably will be offered at atiction in February in ad- vance of shearing. Frult. PORTLAND, Ore.—A greater do mestic demand for prunes is being shown at present than at any time for years. Oregon and California pro- ucts are holding véry firm, antic!- ting a further advance of at least Practically all geologists interest According to high up on the structure, Mother Pool of the Fort Petroleum drillers picked 200 feet shallower than it stockholders in the The Atlantic well {s now drillin, The Ver Straten well, close to the 4,000 Whitaker. Oil men pred leum Country Club No. a very few 1,300 feet. in this field. in under control so that Within a short time after the Ver Union Oil of February 28, 1 cent. the first fast mail! ‘ountry ‘lub No. 1. | This immediate vicinity ts the cen- |B ut six new wells | A ment. ood wélls. Tha Harwood well reached & depth of 3,900 feet and iI be finished within a few weeks. his is now one of the deepest drill- Opefations in the field and com- lon is expected at something less in 4,500 feet. The Kitterman well the Union Oll company of California. Great Northern Oil was one of the first companies to enter the Well- ington-Fort Collins field and the al. rectorate is made up entirely of busing men of Fort Collins ana Greeley. BUSINESS BRIEFS (Copyright, 1925, Casper Tribune) ST. LOUIS, Feb. 7. — Foodstuffs led in the upward trend of commod- ity prices here in the last week. Dry £0008 Husiness has been fairly heavy and increased call for furniture and musical instruments is apparent. De- partment stores are crowded. There has been improvement in fron, steel (Copyright, 1926, Cafper Tribune) Oil. FRANKLIN, Pa.—The price of Penntylvanja crude oil will reach or pawn Abivanrhiet sartea dead mena) bile Hcengés are expected to profit the state about $5,000,000. and coal and railroad operations have been at a record rate. Skilled labor in the building trades is prac- tically all émployed. The Missouri Pacific rafiroad last month loaded and reecived from connections 136,- 597 cars of revenue freight, an in- cfease of 18,000 over any previous January. The Missouri 1925 automo- NEW ORLEANS, Feb. 7. — The best evidence of the general improve. ment tn business conditions in the southern ¢ities showed an average improvement in January of ten per cent a& compated with January a year ago. The weekly average of these cities 18 $148,000,000 as com paréd with $397,000,000 in 1924. Pass the $4 mark by Maroh 1, ac cording to predictions by Frankiin district oil men. Pricés have soared !n proportion to the advance in Chicago, Coast blue stem bushel with no offerings frem the country districts, bushel over those of last year at the | fame time. | world. Experts in charee of employees, each a specia’ FREE tpon request. tion on any stock. active or inactive companys ee | service, Wheat. any obligation whatsoever. SEATTLE — Washington wheat | has béén bid wu to $2.20 ss at aprile Nr aa : A Stock and Bond House Prices are $1 a 711 17th St. Wool. tT WORTH—Thirty sheepmen ekett country have formed a The Paid Circulation of THE PRICE FIVE CENTS 76. PAGES MAIL EDITION | DENVER POST L Oil Men Say THAT: Atlantic Petroleum Country Club No, 1 is and other wells, which positively indicates that the Country Club well is higher up on the structure, or nearer the top of the dome, than the world famous ‘| LARGER—than the Whitaker. Veteran drillers are pounding away night and day below They aim to make a new record for fast drilling The price of Atlantic Petroleum shares will be ad 50 or 100 per cent-OR MORE—on or BEFORE midnight, We Are Authorized Financial Agents of Atlantic Send your order direct to us #0 that your money May be used by Atlantic Petroleum Corporation as received in develop- Tear out this advertisement and mail it | GENUINE to us with your name and address for a trade (| iB SERVICE proposition on your inactive stocks, & Go. brokerage service is second to none in the ff| ist in his or her line. day office force guarantees you prompt and efficient service. Thé Western Financial Reporter, It is concise, compléte and authotitative. Statistical reports. A. A. Hall & Co. ren You may have this exceptional service FREE without | A. A. HALL & CO. Members Denver Stock Exchange. Denver Chamber of Commerce Main 4570 | Prospectus dated 9-6-24 filed with Secretary of State oe Copy on Request, | PAGE SEVEN > — —_____—2. ~ Livestock :: All Markets Livestock. hown b; CHICAGUO—The number of milk cows on Illinois farms increased 3 per cent Guring the last year from 1,159,000 head to 1,194,000, while oth- er cattle and sheep decreased 5 per cent, hogs 19 per cent and horses and mules 2 per cent. Total number hio on sheets on bar » follow of livestock animals now is 8,642,000 pay increase of 5 nt 2 conty head compared to 9,958,000 a year They haye been receiving 45 | ices are fifa ago. some 1 fashloner —— | sill een advanced ty Steel. 3 Gas. | toeal makera who are running eld CLEVELAND—Orders ara plenti. ST. LOUIS—The gross revenue of} to capacity. _ led mame — ful for Yuctural steel and bullding right square on top of the Collins field. The Atlantic up the Hygiene sand 170 to was found in the Whitaker now drilling day in the great Our Harwood No, 1 less than five h is drilling be our Ol ¢ well ict that the Atlantic Petro- 1 will be as large—OR Huge profits atockholdets, ced is now being made a ture giving full let this oppor 1 A. A, Hall GREAT N each Wepartment. Sixty trained A night and Prospe in the public inspectior sent by us on request. Seer: Actual market quota- Special zeeert on any lets genuine GREAT NORTHERN Gentlemen: tion about reat my part pleas Worthy of Your Confidence Name Street \ | City and State Denver, Colorado ast Sunday Was 230,136 THE BEST NEWSPAPER IN THE U. S. A. DENVER. COLO.. SUNDAY. FEB. 1. 1925 Millions Are Now in the Making” IN COLORADO OIL Great Northern Oll Inc., is the fastest drilling and best man aged independent ofl company in Col and night on two o Welllngton-Fort fair Square deal aited profit less men of the higt Company fs headed by a with over elevén years active fleld experience, UNLIMITED PROFIT POSSIBILITIES are forecast for A limited offering of treasury stock t one cent Buy your Atlantic NOW while you can get it } to ae anoy om pletion of our Kitterman well, re i ee} eaten bay an cently acquirec Price of stock be advanced Wire your reservation! Send your remittance by soon and we urge immediate action on your part C > Write today for FREE map of the fiela showing Great Northern Oll's splerdid locations nd complete information. slip by, ORTHERN OIL NCORPORATED 144 North College Ave. hese securities, Gated July %, tary of Stata of Colorado ani complying with Se OIL ING., 887 144 North College Ave., Fort CoHins, Colo. S IT am Interested in getting complete tnforma- Northern Oil. send me complete data on your compa also please send me FRER map of the Wellington-Fr ling of] field showing locations of your wells, is rapid ndred fect 1500 feet ll be tréme sunted to $11 | ear, a decided advyanc ado. This company 18° the best located wells Colli 1 field in ¢ f lorado. ting completion with Our Kitterman well (oll mi vs, a total of r quick action on your possi bill Officers and di St standing. Capital practical of] man ies, Great Northern Oil a share, par value, and litera Don't Use the coupon below Fort Collins, Colo, uritles act. Without any obiig: Denver’s Population 1924, 0 Rr 325,000 Above and to the right is reproduced verbatim a section from the front Page of The Denver Post, greatest newspaper in the West. | Tons of Equipment Piled on Property— Company A. P. C. PRICE ADVANCE CREATES “seivSeestentrcee WONDERFUL PROFIT OPPORTUNITY | Indications are that the initial limited allotment of Atlantic Petroleum shares, now offered at 1 cent each, will be exhausted before the deadline date set for the big price advance, midnight, February 28. Management of Atlantic Petroleum has announced that the price positively will be advanced 50 or 100 per cent—OR MORE—on or BEFORE February 28. Wise investors, realizing that this price advance is pregnant with enormous profit-making possibilities, are buying all of the Atlantic Petroleum at the 1-cent price that they can afford to carry so that they will be in line for the big, quick clean-up which is most assuredly expected. Atlantic Petroleum Country Club No. 1 is drilling night and day below 1,300 feet with all possible speed. The drillers encountered the Hygiene sand—the best known marker in the Ft. Collins field—about 170 feet higher up than it was found in the world famous Whit- taker gusher, which positively indicates that the Country Club well is higher up on tho structure—or what is believed to be the top of the dome—than any other well yet drilled in this field. ‘ This is believed to prove positively that the Atlantic Petroleum rig is sitting right square on top of the great Mother Pool of this wonderful gusher oil field and many veteran oii men predict that the Atlantic Petroleum well will be as large— OR LARGER—than any heretofore drilled in this rich area. Atlantic Petroleum is the premier independent of Northern Colorado. The Country Club well is the closest independent drilling operation to the world famous Whitaker. For a square deal and quick action you cannot find a better stock. Atlantic Petroleum owns two 80-acre leases close in to production, adjoining holdings of Union Oil of California, in the Wellington-Ft. Collins field. ; UNION AM Cannes ©, © arene. reer ene WEST EL ATLANTIC PETROLEUM CORPORATION 834 FIRST NATIONAL BANK BUILDING DENVER COLORADO RESERVE SHARES REMITTANCE FOL- LOWS NAME Capitalization $500,000 Prospectus dated 711 Seventeenth St. ATLANTIC Petroleum Corporation Fully Paid and Forever Non-Assessable 334 First National Bank Bldg., Denver, Colo. 6.9-24 filed with Secretary of State. ~ Copy on request, Atlantic Petroleum Corporation owns a total of 960 acres of leases, and in ad dition has acquired an undivided interest in 109,800 ¢ res of state leases in New Mexico close to a promising well being drilled by one of the Standard Oil subsid- iaries. Atlantic Petroleum is sponsored and controlled by capable and successful Col- orado business men and it has the financial backing of two of the best known invest- ment securities houses in the West. There is a ready market for Atlantic stock now and it is confidently predicted that the price will advance on the open market to 5 or 10 cents per share before tha Country Club well is completed, and that it may soon reach a much higher figure, These predictions now seem to be very conservative. Buy your Atlantic Petroleum TODAY while you can Remember that the price positively will bs advanced 50 or 100 per cent—OR MORE —on or BEFORE midnight, February 28, and that it will be advanced to 3 cents a share—-OR MORE—by the time the Country Club well reaches 3,000 feet. want big, quick profits, if you want fast field action, if you want a square deal, buy all of the Atlantic Petroleum that you can afford to carry. Send your remittance in the first fast mail. 1 cent a share. If you delay you may be too late. 0 SPEND 15 MILLIONS IN COLORADO WELLINGTON FIELD 1S SCENE OF BIG DEVELOPMENT PLANS ONE OF LARGEST DRIVES IN HISTORY OF CALIFORNIA COMPANY READY Has Been Put on Stable Basis. : (By JOHN BE. AHLBORG.) Fort Oollins, Colo., Jan, 31—Ths Union Of Company of Call. fornia, pioneer of the industry in northern Colorado, {s sufficiently of 15 millions Today rives in its history, Tons ington yards stack after stack the liquid treasure vaults. Fifty-six crown blocks are on hand| within —and weil ment necessary for the monster ts Virtually The spent only one ts get it at 1 cent a share. in place for the start Union company millions in # has rveving, Tf you Wire your reservation! tes on the Wellington-Fort convinced by the showing made in 1924 to swing into a devel ment program for 1925, which will involve 2 minimum expenditura Colling | several-montha of the Union of California casing }ien waiting to be lowered into , wells will be spudded in with the open- Cash or ten equal monthly payments without interest. Send your order direct to the company or to one of its Authorized Financial Agents so that your money can be used in the drilling of your well. Authorized Financial Agents of Atlantic Petroleum are: A. A. Hall & Co. Listed and Unlisted Securities Denver, Colo. 334 First National Hank Bldg., Denver, Colorado. Gentlemen payment for... Par 1 Cent 1 cent a share NGMO. 20 ccnsscneseeesce--- se Street. age) COMBINATION COUPON ATLANTIC PETROLEUM CORPORATION, Date... Enclosed please find $-----.---..... as (ful!) (part) -----r-+---.8hares of the capital stock of Atlantic Petroleum Corporation (fully pald and forever non-as W.R. Given & Co. Wall Street Journal Bldg., New York City, or 804 Interstate Trust Bldg., Denver, Colo, weable), at field which one of the company's off elals recently predicted would become | one of the greatest off fields in the! west and possibly in the country while the amount that ts to be spent | In developing the field this year has) been placed at 16 million dollars, the expenditure may double that figure by the end of the season, ft is said, | all depending upon the muccesa of the developments PRESSURE INDICATES | BIG PRODUCTION. | The tremendous pressure found in| the field ts indicative of big produc-| tion. The field is typical of the Wy. eming districte where production ta| long lived. Recent maps have extend. ed the water lines to the east and south and as tho field widens in size rapidly, almost every new operation reveals something to upset the oid Beoloxy. Fifty-four wells have been located or are drilling in tho local field. Three have been completed and are capped. | Five are now nearing the sand and/ should finish in-rapid succession, the firet in at least three weeks from now. While @ good many wells tn the| op the company stands in full) Wellington.Fort Collina field are being Preparation for one of the grentest of} | drilled by of equip. ment are being packed into the Wel. socalled independent panies, the largest o velopment are being r under de ed down by Hight new moderate weather the next month ing of probabil Six of the needed for each | wells are to be put down in the Fort Bollers, cable and other equip Colling structure and two on the Well drive | ington structure The present plans of the company. already | call for the erection of a large gasc leasing | line plant on the Mitchell lease close and developing several structures in|to the & Colorado but has centered its activi | million eublo foot Mitchell }Saa well which has been muzaled fom A town in also plans ned by Union of California which will be buflt overlooking the field on one a the prettiest spots {n this section. The company’s mountain states ex- ecutive offices will be quartered im this town COMPANY CONSIDERS BUILDING REFINERY built by A refinery to be Union of | California is being considered and while several large plots of ground clése to the elty of Fort Collins have been purchased or ar ated for being negoth definite plans have not yet bee nade. But one thing ts certain, the company is not going to be uns prepared for # refinery in case pre duction is brought in too fast to ship. It {s now certain that there will be no delay in developing the field, owing: to the ever-growing danger of an oll famine which necessitates the opentng of new fields and getting production to offset the national decreése in pro- duction. Colorado may be destined to become the next great oll state in the union, with something like twen- fy-six counties and mxty-four possible structures being tested by 130 drilling operations,