Casper Daily Tribune Newspaper, March 15, 1925, Page 9

SUNDAY, MARCH 15, 1925 | Oi = Fi nance | :: Bonds VER STRATEN FINDS — | GUSHER PRODUCTION New Oiler in Fort Collins Feld Fills Two 500-Barrel Tanks in Hour and Sixteen Minutes When Put to Test. Another mnse vil gusher ex- ding In size anything of the kind in the histe of Colorado, was brought in a few days ago three $ north of Ft. Collins when the raten under enormous gas Pressure filled two five hundred barrel tueks in one hour und six- teen nutes: as the first test of the great well, The flow of oll tn has increased stea E he well Is estim. to be about / Clghteen inches in the sand the check valves * open fill a four-inch pipe and shoot oll fitty feet into the af {s is the second gusher well brought in in the sout Ft. Collins structure. ‘fhe first well, the famous Whitaker discovery, has leaked more than $200,000 worth of oll and has paid its owner more than-one hundred per cent on the investment in seven months. The Whitaker came in unexpectedly aud no actual test of the capacity of the well has ever been made. It is esti- mated on good authority, however, that both the Whitaker and Ver Straten are capable of producing from 10,000 to 15,000 barrels per day —both are gushers. The Country Club No, 1 of the Atlantic Petroleum corporation, not far from the two great gusher pro- ducers, is considered one of the best independent locations in tha Fort Collins field. Country Club is now drilling at almost 2,000 feet and the directors of Atlantic Petroleum are more than pleased with operations so far. New geological data has strengthened the position of Atlantic on the structure and the comparison of the Atlantic log with the Whit- aker and Ver Straten wells indicates that if antyhing Atlantic is higher on structure than either of the two gushers. Country Club No. 1 {s now forging ahead with all possible speed. The company has sufficient casing bought and paid for on the ground to carry the well 3,500 feet. Nego- tlations are on now for the purchase of 3,600 feet of 8% and 4,500 feet of 6% inch casing to complete the end of the J hole. Atlantic ts working two towers and the present formation is con- trbiuting to speed. Ol men gener: feel that the coming in of the Ver Straten proves ‘ond question the Fort Collins j Come as @ great gusher field which rival or surpass the famous Creek known all over s one of the greatest the world pressure gusher Atlantic PP is now cents a share, leum ing ra an adyance nifty | per taking place at the time the Ver Straten came in on proc tion. Announcement made the officers of the corporation t another advance In prige to 3 cents or more may be expected when the well ri ath of 3,000 fect. ‘The U; ee Ol! company of Califor- nia, owners of the Ver Straten and Whitaker gushers, is planning an extensive development campaign in the immediate vicinity of these two The Blunck No. 1 now drilling ore than 3,600 feet is expected to be the next great gusher to come in. ‘The Blunck is located hetween Whitaker and the Country Club No, 1 of the At- lantic Petroleum corporation. An- other great well, the Water Supply, has been located a half inile south of the Whitaker and about one half east of Atlantic Petroleum. ‘The derrick 1s up and machinery now being installed preparatory to spud- ding in very soon, Three other locations between the Ver Straten and Whitaker and Atlantic have been made by this same company; namely, the Evans No. 1 and Evans No. 2, west of both the Whitaker and Ver Straten and elmost imme diately north of Atlantic and the Whitaker No. 2 to the south of the Whitaker No. 1 and a little north of the Water Supply location previously mentioned. Atlantic Petroleum'’s Country Club No. 1 {s right in the path of the biggest development activity. The Union Oj] company of California are making new locations nearer and nearer to Atlantic. The greatest rtivity is now centering in the icinity of the Country Club No. 1. corporation 1% se is by Stocks Rally After Week Of Reactionary Trading On New York Exchange NEW YORK, March 14.—Elimina- tion and adjustment of speculative accounts wetkened many issues in early trading ef today’s short ses sion of the stocit exchange, but a rally that followed witnessed m: recovery and the closing was with sales for the day amounting,to About half a million shares, Urgent selling was inspired by sensational developments of the wheat market and the approach of “tax day,” when insome statements must be filed Stimulation of the equipment is Sues was brought about by an- nouncement that orders amounting to $9,000,000 had been placed during the week by the railroads The week's trend jn trading was one of reactionary price movements, due in large part to the high total of brokers’ loans and uneasiness over the St. Paul situation. St. Paul stocks and several bonds fell off to ord low marks on reports that the q's financial problems were high y involved and that re-organization offered the only solution. Refunding of $48,000,000 in bonds maturing on June 1 presents the most prersing need, according to these unconfirmed rumors, Officials of the road and its bankers withheld comment pending formal submission of the engineer's report appraising the prop The week wag featured t able news along business lines, in- cluding an unexpected increase in unfilled orders of the United States Steel ccrporation, reports of large railroad and industrial earnings and an increase in Wyoming crude oils. Car loadings showed a ,substantlal increase, favor- Mahoney Dome Gives Up New Gasser; Other News Gas supply for through the Producers & rporation’s line from Mahone dome in Carbon county his been in reased by of an 8m ‘The well t north ofith gassera and lower Pitas 1s an of] tes nm the structure Oll indica were found 100 feet above nd, Three Completions. Midwes;: ei niag company has ied fn ne wells on hold- gof associated oll companies tn th: alt Creek field as follows: Wyoming Associated—No 16-A, outhwest of section 30-40-78, 1,991 ‘eet, barrels; No. 2 northeast 24-40-79, 1,920 feet, barrels Midweat-Wyoming 0. 4A, southwest of 12 , 101 barrel Gasoline Shipments, Standard Ol] company upped from its Casper refinerie in February for export approximate ¥ 5,400,000 gallons of gasoline. The yasoline was moved in nine solid rainioads to Baton La., where it was loaded « ) tankers. Deep Tests for Big Muddy. The Dakota and Lakota sands of ho Big Muday oil fleld probably will ba explored by the Ohio and Cont! ental companies as a result of re cent {nerenses fn the price of crude oll, The one well completed to the lakota In Big Muddy about two and are ago by the Midwest Re- is still producing rbott 15 barrels a day from a small hole, This well sunk at a heavy cort. The Wyoming Petr at regular meetir $ lay ev will t le I is making plans-for a dinner be given in the r future Black Mountain in Oil, Utah Ol] Refining company 2 well on the Black ture in Hot Springs county, Wyom ing, which encountered good produc. 's No, Mountain struc | tion of back off from the Embar | sand, ‘nued to the Ten | sleep. 250-barrel preduction was found in the | structure. Hole fs and full of oil. the ti first test of the below 3,000 feet The Embar sand {n st well was found dry | Hale Test Abandoned, } Union Of compuny of California | has abandoned work on ta” Hale dome test in the Big Horn Basin, Wyoming, where it drilled through the Amsden sand into the Madison line without getting important dis coverles ,» EG EE ee YELLOWSTONE APARTMENTS Has 44 neatly furnished apart ments, We offer the most con venient living quarters you can ind anywhere. You are invited inspect them. Only respect: people need apply. Per month $30 and 832, in luding gas, lights, water and vundry service; three minute | | alk to Center street. t 126 W. YELLOWSTONE il Phone 2750 } c fields in the world. | New York Stocks Last Bale By Wilson-Cramer eee Allis Chemical and Dye - American Can ~ American Locomotive American Sm, and Ref. . Sugar --. ‘Tel. and Tel. -. ‘Tobacco Woolen Copper American American Anaconda Atchison Atl. Coast Line - Baldwin Locomotive Pacific — Leather pfd. . Motor ,. Chesapeake and Ohio Chicago, Mil. Chile Copper Coca Cola _- lorado Fuel - Congoleum Consolidated ( mn Produc Cesden Oi _ Crucible Steel —-. Davison Chemical Du Pont de Nemours and St. Paul pfd. Houston Oil 15% Hudson Motors .. 43% Illinois Central 114% Int. Harvester -. 103% Inty Mer. Marine pfd. Kelly Springfield . Kennecott Copper Lehigh Valley -.. Louisville and Nashville — Mack Track Marland Oil - Max. Motors A .. Mex. Seaboard Oli Mo., Kan. and Tex. Missouri Pacific pfd. - Montgomery Ward -.. Nat. Biscuit -.. National Lead -.... New York Central -.-.. N. ¥., N. H., and Hartford Norfolk and Western North American Northern Pacific ~. Pacific OM ~. Pan Am. Pet. B Pennsylvania Phillips Pet. — Pure Oil ~ Reading ~-. Rep. Iron and Steel - Reynolds Tobacco B St. Louis and San Fran, Seaboard Aid Line Sears Roebuck - Sinclair Con ~ Southern Pacific Southern Rallway Standard Oil, Cal. Standard Oil, N. Stewart Warner Steudebaker — Texas Co. Texas and Pacific Tobacco Preducts -. Transcont, Oil Union Pacific United Drug U. 8. Cast Iron ipe . U. Ind Alcohol -. U, S. Rubber S. Steel Utah Copper .. Westinghouse Electric Willys Overland Woolworth Standard Oil Stocks Anglo American Oj --.. 19% 19% Borne Serymser 218 Buckeye ---.-- 65% Chesbrough Mfg. b2% 59 Chesebrough Pfd. 115 Crescent —-. M4 Cumberland 13444 Eureka -. 85 Gal, Sig. Com. . 5860 Gal. Sig. Ol? pfd. 108 112 Gal. Sig. New pfd. ---- 101 103 Ulinois Pipe - 148 180 Indiana Pipe - National Transit .. ew York Transit thern Pipe - Ohio O11 Penn. Mex. Prairie Pir Solar Refg So, Pipe Penn Pe On Ohio pfd. Finch Imperial -. Washington 8. O. Neb. on Ww n Ol « nd Emigrant Gap Test. Bradford-Wyoming Oil company 's » drilling at 2,500 feet in its No. test of the Emigrant Gap str west of Casper, where operi(ivns will be continued until the Madison line is reached, Fer results try « Tribune Classi. fied Ad ANNOUNCEMENT —_— Due to the closing of Wilson & Cranmer, I have »pened my office at Room 3uilding. You will be able to receive the same prompt ervice on all financial quotations and other matters oertaining to the stock ma: Everybody Welcome BLAS VUCUREVICH lated Royalty Bldg. Room 208 Consoli PAGE NINE he Casper Sunday Cridiune co Stocks :: Grain :: Livestock NEWS AND QUOTATIONS BY LEASED WIRE OIL SECURITIES Bessemer Boston Wyoming Buck Creek Burke Blackstone Salt Cheek Chappell -. Columbine Central Pipe Consolidated Royalty - E. 'T. Williams — CHICAGO, March 14.—Relative , ul firmness in prices marked the close of trading on the grain exchan some advan Today's r Lance Cr Mountain and Gul¢ —_ 1.70 day after three days' of wild s vision price; Picardy “or enacted In the wheat pit) where Preston —- “ol 01% | ns carried May delivery “to 1 1 extreme low this morning of $1.62 | ‘oa 1 other deliveries in propo -| “oz Compared with three weeks 7 NVeRtern ABERIOERHONY = S80 wheat had fallen nearly 40c a bushel <Weatern Bt 115 | at the opening today. Ancther sharp Y oll _. decline ensued in reaching its low Siouiidin Pigditake mark, followed by alternate ups and Teak Denciroken which at the close found May | ~4 $1.69% and July at $1.51, | May corn stood at $1.22 and] at $1.25%. May oats ended the . O. Indian: a gain of two cents for session Sharp setbacks given prices were CRUDE MARKET ner ‘an tion of lard stock 3 follow WHEAT PRICES ARE SMASHED IN W pase Several Divs of Wild tebe Marked he Sensational Price Breaks. ats Lumber charged to sudden curtailment of : European buying in the United ROD : sae States, Covering operations by pro: Big Muddy 2.00 | fessional and other traders extended Knit Goods Mule Creek 1.25 | the sensational breaks in price. The | \MOKID Py W I Sunburst —-. 1.40} smash tn grain values on Friday was | Taubel Knitt la e has | Hamilton Dome 1.05 | characterized by many veteran oper- | purcha La ie ii ferris . .--------2------ee-e- 1.05 | ators as the Most complete cver wit- 200 t r BYron _--eeeecennennnnnseneeees 1.30] nessed in a single day. put work m Notches 2 scscscececccccecseees 66| Provision prices averaged lower 5 hinery can be insta Pilot Butte — 1.35} for the week, due to theavy accum- | Lander 70 en | Shoes. Cat Creek —. ze : ‘ . | LYNN A rd t Lance Creek 2.15 be re of pe eas & =| Split Hill Oil Structure SES Reel Grass Creek, light 2.15 | local laster ni t Greybull - -. H ° \y er u nd Torchiight © * rker 1 asters had eee as Splendid Prospects (2.232085 8 Rock Creek | work infon for 1 Salt Creek —_ lecth: y The company, controlling| {is the result of extens' ean | SSE RABEL r large acreage on the Split Hill struc. | tions made by Mid-C o 1—Leneaster Construction ture, 40 miles northeast of Douglas clines in a single day under normal the Burlin conditions are said to have broken in Chicago. yesterday. ions under such conditions are vir: tually worthless, The trade, how- ever, was disposed to look for lower prices should the trade continue on a liberal scale. Arthur Cutten 1s said to have sold no wheat yester- 4 He was in Baltimore and examined the wheat and rye he has in store there, finding it in good condition, In a telephone conversa- tion with a Chicago friend he ex- pressed himself as belng just as bullish as ever. been Opin- Stock Opinions Biock Maloney—The Influences which make for high prices for stocks appear to be stronger at the moment than the reactionary fac- tors. People generally optimis- tic and as we go into the spring there Is a disposition to take the constructive elde. At the time we| would not go too bullish. Punchon and Co.—We believe it advisableto maintain a strictly trad- ing position or a view from the side nes until the speculative situation clears Dp and a trend is re-estab- lished. Hornblow nd Weeks—Large in terests still strongly favor the con structive side of the market and no matter how often reactions are per mitted, intend to pursue their pro- gra This calls for developments of a nature which are bound to b bullish from a market standpoint al tive developments in man: | the well reaches 3,000 feet. high issues as well as in tr WE BELIEVE STOCK IS THE BEST BUY IN THE FORT COLLINS At 1%sc Per Share ATLANTIC’S COUNTRY CLUB NO.1 1S DRILLING NIGHT AND DAY , both estimated to be capable of producing from structure Near the famous Ver Straten and Whitaker 10,000 to 15,000 barrels of oil per day, indicating the A SECOND SALT CREEK--A PROVEN OIL STRUCTURE We believe Atlantic is the BES Petroleum has 160 acres in the very heart of the greatest activit THERE ARE XO SHORT SELLERS OF ATLANTIC SPECULATIVE Gusher STOCK ne of which makes short selling unprof- | itable and a long position full (oes A great number, of brokers have bought stock to cove me ranted ; : money or place your stock as coll ateral be SURE and see | ed yarn “ty oe Atlantic Petroleum and can guarantee you absolute protectior predicted for gener In buying from us YOUR money can be used by YOUR 1 electric has made that stock Atlantic’s Country Club No. 1 is about financed. Atlanti Fa asne RHA Coie Ve profit possibilities, should be. worth FIVE CENTS right now—PI that there will be further construc It is definitely announced that Atlantic stock will be ADVA} Fort Collins —in a high pres Anything Electr: and | ae She 1.69% | Non-Verrous Metals. oi & x 161 | sort Productio Wilson & Cranmer das | pees rahats Close Brokerage 1 + Office in Casper For QUICK PROFITS ATLANTIC PETROLEUM GUSHER FIELD to be offe d the investing public. Atlantic ure gusher field. payment salc you wish to borrow we are authorize a financial agents for pany as it is needed for development 1 its strategic position and nderful RHAPS MUCH MORE CED to 3 cents a share or MORE when ts opened a and rails, and should provide suffi WIRE, TELEPHONE or MAIL your order immediately. clent enthusiasm to carry along the Za hte ae ee: Cie . main body of stocks for a while We will do our best to fill it at the B ARGAIN price of 114 cen longer. | or on ten equal monthly payments, without interest. The 1!2 cent ee es Od aah a issue only. ACT NOW—THIS VERY MINUTE! eve Roc! and ssour! Pacific “fatey . “ preferred, Pittsburg and West Va..| For the accommodation of our clients we have recently Texas Pacific, Atchison, N. ¥. Cent: | ROOM. Free telephone service. Ravens SvuLAsea ge all eee higher Stocks traded in on any exchange, bought, prices payment plan. Members: 711 17TH STREET __ Pros, Dated 9-16-24 VER STRATEN BLUNCK NO.! ON PRODUCTION 3605 FT. 208 Consolidated Royalty rkets. Phone 166 Accounts opened for cash, Denver Telephone Main 4570 Private Branch 1. filed with change to 5 All Depart retary of State Cop WHITAKER ON PRODUCTION 4472 FT. sold and quoted and offered on the ten- on margin or on ten equal monthly payments. A. A. HALL & COMPANY Denver Stock Exchange, Chamber of ments are, either cash for a limited per price i CUSTOME Commerce DENVER, COLO. equest ATLANTIC DRILLING AT ZOOO FT. map, 5 ral Manager | DAI te Grain and Stock || nave recentiy sold a targe ya Alla Gap ai | aeremolielle fot ly Given terest in land adjoining a test well| morning that extensive operation ned to recapture cigar me 483W mr) that is being drilled by the company, | would be carried on in this vicir h a duced | Opinions From to Seattle capital, at present a test well is be Al ie-the iclears 5 Calvin J, Smith, of Cas: by Morgan and Straitiff, | Brokerage Wire] | one ot the most important oil deals | contractors, the objective being 4,500 | ap Sr vr made {n Wyoming for some time and | feet depth. sree : ‘ ante ti) HV Grain Opinions : P 4 Me r é vs i see . fe wv 'y Harris Winthrop—The situation is theta 9 Bently inate still very much unsettled. mpany” ; kins |) Williams, Jupiter, El 4 Steinalstein: Liquidation is lkely BI ISINESS BRIEFS OF 1 ; 1 Res illiams, Ju tins to extend somewhat. pepconal ng demir | and Bessemer Stocks Hulburd Warren: Indications are aoe for lower prices in all grains eng i ce 3 note Bartlett Frazer: We do not hes-| CHICAGO.—Approximately 10,000, FORT WORTH—Two hundred| WILKESBARRD, Pal Blas Vuecurevich itate now to advise purchas: more men are at work in Illinois| miles of new raflroad, connecting | of natur Thompson McKinnon: We see | factories than a month ago, but the| Cotton and grain flelds of southern |. was one of 1 ys 208 Con. Roy nothing to turn prices upward per- factory employment level still is 7.6 : a ow em rh wil ‘ D Phone 166 manently. | built in the next 18 months, accord. hot. a 4 Chicgo Tribune—All records for de-} P°* cent below the Srceeraciag | ing to an o! al nouncement by | it was found ) provide