Casper Daily Tribune Newspaper, April 12, 1925, Page 19

SUNDAY, APRIL 12, 1925 ee eo Bonds LAND OFFICE FOUGHT BY OIL AND GAS MEN Resolutions Adopted Here Request General Land Office Commissioner to Postpone Action Until Case Is Presented. Resolutions opposing the closing, must be known to your office th of the government land office at|the farmer. settler feels a greater /” Douglas, Wyo., and asiting postpone-| security and more confidence in his ment of the federal order calling for its diflcontinuance were adopted at a meeting here of the Rocky Moun- ability to go to the land office and onsult and confer' with. the register n eiver In the matter of hi tain Ol) & Gus Produce: sociation, nd final proof, of which former Go’ nor B. grant that the farmer settler Brooks 18 president. Delay in mak-| wi) be inclined to wo to the land ing ,the order effective Is asked 1] orice at Cheyenne just as he did go order that the association may “pre-} io the Dougias office but it seems to pare and present to the proper de- partment.a showing as to the hard us unfair and unreasonable at he ‘ he be put to the-ineonvenience ships that will be imposed, jand expense of traveling such a in a letter to the commissioner of| great distance when the mainte the general land office, accompany. ing the resolutions, Mr. Brooks nance of no expel the Doug office incurs forth that “while it may be urgued| States government. We feel a re-| that the members of this institution] view of the situation by. someone in’ dealing with the United States| who knows the locality, who knows under the various leases held by the] the topogtaphical conditions of Wyo- members can make remittances of| ming, and who retlizes that the payments due uuder leases to the| Douglas land office is situate on the Cheyenne, Wyo., land office, we are two main east and west lines of r nelined to take a broader view of|road and affords access convenien| the matter and consider the fact/to all of the settl will indicate that this particular office has al-|the wisdom of maintaining the w been self supporting and of| Douglas office | usual convenience and accommo-| “The thought of this association| lation to the residents of this dis-!in presenting the ‘matter to. the let honorable commissioner is that a “The people in this community are deavoring to encourage occupation and settlement of the lands adjacent to Casper and thé chambers of com- merce of the respective communities in this district have worked earnest: ly avor to point out to the people the advantages in locat- point adjacent to the dif ferent settlements and especially the city of Casper, Various entries have been made, many of them of recent date, and it fact that suspension may be had of the date of the effect of this order until an opportunity 1s given this association to present the matter Wwhich we earnestly réquest will be given us." The resolutions are couched {n more formal terms and convey the same general principtes of opinion expressed he They follow in full. e Rocky Gas association at in Casper, V “Resolutions adopted byt Mountain On & {ts meeting held on April INVESTORS FIRE PREVENTION Will you invest if I can show you how easily each piece of lum- ber used in building can be fireproofed before it goes to the carpenter or after while natufal, Think of the hundreds of buildings in shingled roofs inflammable that can't catch fite from sparks or any small blaze after a treatment of this wonderful liquid from my own formula, No machinery required. Act quick. 515 SOUTH BEECH ST. Phone 1876-W—Ask for Rumsey oil field camps; also se whatever on the United} “WHEREAS, by 1 executive order ted March 17, 1925, the president § directed the discontinuance of rious land offices. throughout the United States which includes the United States land office at Douglas, Wye and ~ SREAS, the execution of the order of “the president will be a |great inconvenience and expense to the people of the state of Wyoming in that it will require the traveling of considerable distances from a point in the state which has the VE | greatest density of population to the r arest land office, and WHERBAS, it is the ‘opinion of he Rocky Mountain Of] & Gas asso Mition that the recommendations were made to the president without proper consideration being given to the conditions surrounding — the Douglas, Wyo., office, now therefore, be it “RESOLVE: , that the Rocky Mountain Oil & Gas association earnestly urge that the executive Jorder hereitibefore ‘referred to be modified to postpone beyond the date fixed closing sald office, namely, April 30, 1926, to give the Rocky Mountain Of & Gas association necessary thne to prepare and pre- sent to the proper department a showing ag to the hardships that will be imposed on the patrons of the United States land office and the reasons why said order should be perpetually modified or entirely v cated insofar as the Dotglas, Wy land office Is concerned. “I, C. W, Sparr, secretary of the Rocky Mountain Ol] & Gas associa: tion, do hereby certify that the fore- ing is @ true and correct copy of olutions of said association at time and place hereinbefore referred to," the re | the WYOMING OILS (Quotations by Blas Vucurevich, Broker) 208 Consolidated Royalty Bldg. Bid A sk 2.85 Western Ioxploration . Conrolidated Royalty . 1 Central Pipeline Bg, T. Wil Bessemer Columbine Jupiter Elkhorn Domino Royaity Sunset } Picardy Petroletm <. orthern Ou . | Salt Creek Producers . | Continental | New York on In Casper’s Future The oil well on the Adams-Carroll Ranch just east of the city must be carried deeper. To do this the company must have money. Everything looks bright—the stfuctufe is right. Is Capitalized for $100,000. Divided Into 4,000 Units at $25. Syndicate holdings are 840 acres of deeded land subject to one-eighth royalty. No commissions will be paid in the sale of these units. Every Dollar Will Be Spent for Drilling Purposes Drilling Under Supervision of H. V. Meabon. Present Depth of Well—2230 Casper Oil and Gas Syndicate 00 00 Each Feet. Eight-Inch Casing Cemented for First Wall Creek Test. Room 15 Daly Bldg. 2 COL EA a Win NEWS AND QUOTATIONS BY LEASED WIRE Che Casper Sunday Cribune Stocks Grain WHEAT PRICES JUMP AT CLOSE OF WEEK Resumption of Trading Following Friday Holi- day Witnesses Sharp Demand With Many Bullish Factors. CHICAGO, April 11.—Sharp up- turns at Liverpool and a bullish gov- ernment report showing a decline in winter wheat ight the wheat market to a skyrocket close for the week here today, seven cents a bu- shel being added to May delivery on opening sales. The accumula. tion of buying orders over the holl days helped in the upward move- ment and wild scenes were enacted Wheat— Open High 18 ap as prices forged higher. “ies In the late trading prices held to =: : near top figures on reports of re-| ; duced crop estimates for India and | 1.19 1.20% information that import duties on 113 1.14 wheat had been remoyed by both -1 1.04% Rumania and Spain, May wheat t| closed at $1.62 and July at 5 while corn, which moved ympathy, sold at $1.10% for May elivery. and $1.14 for July Provisions were easy 2 a result} of lower quotations for hogs, but oats followed the trend of other grains. Today's range of grain and provi. sion prices follow: Union Spuds in New Oil Test Near Fort Collins ’ Well of the Atlantic FORT COLLINS, Colo., April 11. drilling night and day at approx! —Atlantic Petroleum corporation of: | m y 2,250 feet,” says V. BE. Stan ficials are elated over the fact that] ley, field engineer for Atlantic Petro the expert geologista of the Union| leum corporation Ol company “of Californian ‘have This is eoncrete recognition of located a néw well, Water 8. and §.| Atlantic's strategic position on the No. 1, which js now drilling only | Fort Collins streeture, The Country twenty-five rods from “ Atlantic’s}Ciub No. 1 1s the deepest drilling Country Club No. 1 derrick at Fort]independent to the world famous Collins. The Union's geological staff | gusher group. is Ohe of the best experienced group | While announcemént has not yet of geologists in the country and|been mado we understand on good closer and closer these experts are|authority that tie Union of Call locating drilling wells to Atlantle’s}fornia 18 preparing a drilling’ pro- splendid Country Club acreage. The| gram which will call for from three first well located was the Whitaker,| to five new wells between the Coun- now a famous pusher at a depth of/try Club No, 1 and tho Whitaker, 4480 feet, The second location, the} The greatest activity at Fort Collins tremendous Ver Straten, now on pro-|is now centering around Atlantic duction at! 4,502% feet and phe third] Petroleum’s acreage the Blunck No. 1, ¢ Atlantic Pétroletim is making |Atlantic and now drill plendid progress with the Country 2,900 feet. . These, three we Club No. 1. We encountered our now nationally known. The first cave formation higher on strid- S.. and o. 1, which has been jture by atJeast a hindred (eet than spudded in and is now drilling only] It Was encountered in the Whitaker twenty-five rods away is the #est}o® Ver Straten and markers thus Union of California to Atlantic thus} far, ana we ‘have had three, bontinue to show our Well logging from. one 1ecessful quest of oll is| hundred feet higher on structure the Union of California| tian the two great gusliers, the er and nearer to Atlantic's acre age where the Country Club No, Lis Whitaker production.” na Ver Straten, now on Many Stock Issues Score Price Recoverie During Trading of Last Week NEW YORK, April 11,—Recovery during the early days ot the | week from previous depression and a ro. amounted to more than half a mil- lion shatesand the closing was firm, ins made during thd entire turn of dull trading with the ap-| week made up one-fourth or more proach of the exchange holiday] of the decline recorded slice the marked the course of the stock ex-| downturn from top prices for the shange during the last period. To-| year was started. Remarks of Chair- day's short. session witnessed con-] man Gary of the Steel corporation siderable recovery, howey after] that business had showh improve- | | ment during the first week of April Revival of pool operations and fa-| was interpreted as a bullish factor. vorable dividend announéements atd-| Motor shares were brought into the long side of the market, Tho} stronger demand by reports of in- Maxwell recapitalization plan] creased spring: sales’ and’ success brought renewed demand for the| that has marked the financing of stock, Nash Motors climbed higher] the Dodge Brothers, Inc, by New | on promise of increased dividend re-| York investment bankers, turns and American Can assumed| Ol! shares were weakened by re- the leaderahip in the pivotal ts-| pc of ining gasoline prices sues, many of which were marked | and in ed production, halting a | up from one to three points. Despite | y in stock market that start+ » falllag off in unfilled orders, Unit: | OUN woe The rall Corrosion of Metals In in trregular and hesitant’ opening. aten Steel demand Gentdalated Royalty To Raise Par Value of Stock ‘The Consolidated Royalty Ol] com: traded in extensively on pany are requesting stockholders to | eastern exchanges, Es S: s Mal visetlite sd The commissions charged’ by bro- sign, call;for a special meeting of kers on shares of $1.00 par value } are entirely out of proportion to the early date for the purpose of voting | commissions charged on stocks of on & proposition to change the ©} $10.00 par value nd this action jn value of ita stock from $1.00 a sh | increasing the value of The Con: ; to $10.00 per share and to reduce the | solldated On Company's was steady Sales for in day and mand, due the quite the Its stockholders to be held an alty standing stock from five million] stock will apparently not obly give res to five hundred isand |it a much higher standing and a shares. J broader market, but will save its This action ts being taken ‘by the] stockholders Considerable in the way Board of Directors at the suggestion | of commissions. , of the larger stockholders,} If the plan is ratified by the stoek- € in the east in order to/hilders at the special menting, the more substantial | company will exchange the pr ¢ as collateral with bariks, the | stock for the new'stock on the st being held largely in Chidago,|ef one share of new for Pittsburgh and New York and a |/abares of old stock Oil Output Brings Loss Congoleum -.. Livestock : PAGE SEVEN All Markets New York Stocks Last Sale By Blas Viecurevich Allis Chemical and Dye American Can ... American Car and Foundr American Locomotive American Sm. and Ref. American Sugar American Tol. and Tel American Tobacco American Water American Woolen Anaconda Copper Atchison Atl. Coast Line Baldwin Locomotive ~ Baltimore and Ohio ~ Bethlehem Steel ifornia Pet. Canadian Pacific — Central Leather pfd. ~ Cerro de Pasco andler Motor Cherapeake and Ohio - Chicago and Northwestern -. Chicago, Mil. & St. Paul pfd... thieago, R. I. and Pacific - Chile Copper Coca Cola Colorado Fuel Works Consolidated Gas - Corn Products ~ Crucible Steel -. Cuba Cane Sugar pfd. -. Mid-Continent Pet. Davison Chemical Du Pont de Nemours Erie ... Famous Players General Asph General Ele zeneral Motors reat Northern pfd. <. Gult States Steel Houston Otl . c Hudson Motors 45 lilinois. Central 14 Int. Harvester 103% Int. Mer. Mar. pfd. 10% Kelly Springfield ~ 16% Kennecott Copper 49 Lehigh Valle: 49 Louisville nd Mack Truck - Marland Oil Maxwell Mot Mex. Seaboard Oil Mo., Kan, and Te: Miascuri Pacific pfa. - Montgomery Ward Nat, Biscuit «+. New York Central . N. ¥., N. M. and Hartford Norfolk and Western North American STANDARD OIL DEAL HOLDS SIG Recent Purchase of Pan-American Interests to Equalize Prices Through Competition in New Sections of Country. From The Oil and Gas Journal, sa, Okla, Tul- | ¢ rican ance jn the < ‘ from Its financial sig a ¢ OW and Gas Journal w |} Atte n In this week's {asuc. 'P, tin fu t t that St 1 will prove uurblr this territory {s bought f£ ‘ i t ; i American. Its deliveries t r 1 imarket On th lantic Seaboard alone xeiiab: beat: potn ati 00 00 to 20,000,000 bbs A is al, ol 4 { aig to petit The volume of its sales probably proaches,. barrel. for barrel, t! <i b Reames either The Texas Co, or ¢ iets ‘ mpar this territory, i imérous larg It can bo seen easily ‘ iHe® tid power put. Into the hands . el, for. instance Standard Oil company of pet) standard will bring an {mportant hould prove an équa the Atlantic Const mat pr in difterer tion. Pan American st r of . This equal ying largely fuel oil, can tra in tt gagoline and: other ucts to the: Atlantte petroleum Standard of Indian fe the T way of thé Guit lifferer words, Standard of diana t i come into dirbet competition with | 4 t Standard of New Jersey, Standard of | j ¢ former negotiations t New York and Atlantic Refining | ty ard of India and Gult company in the domestie marketing } O41 Jookir erger of theae two field on a large scale properties, one naturally sp tim | as to whether this will come his development will have the ef- | r whether tt beon fina feat cording to market ot | ly disenrded. It 4 a in some of bringing the tank wagon in tt ters that {t is ¢ y possible Middio West and the Atlantic] the Guif-Standard of Tndlana deal const more into line. It will Increase L be the next big ol? merger ———————— UNION OF CALIFOR Northern Pacific Pacific Oil Pan American Pet. Pennsylvania Phila, and Rdg. Phillips Pet. Pure Oil Reading Rep. Iron and Steel andl Reynolds Tobacco B oo St, Louls and San Fran, rs Seaboard Air Line ~. Sears Roebuck « Sinelair Gon Sloss Shett Southern Pacific Southern Railway \. Standard OW, Cal. . Standard Oll, N. J. Stewart Warner Studebaker Texas Co. «. 44% ‘Texas and Pacific 49% Tobacco Products. -. 4M Transcont, Oll « 4M Union Paeific ... 140% United Drug -.« 121% U. §. Cast Iron Pipe - U. 8. Ind Aleohol «. I Rubber U. 8. Steel . Utah Copper - 85 Wabash pfd. A 62% Westinghouse Electric 68% Willys Overland «.. 13% Woolworth 119% —. CRUDE MARKET Big MUGdY ssenennnncncoes--- 2.00 Mule Creek 1.26 Sunburst 1.40 Hamilton Dome 1,08 eerris . 1,05 Byron ..+-=. sowccens 1.80 Notehes - --. 65 POL Butte -.---eeennwnnenene 1.85 Lander . Cat Creek Lance Creek Osage Grase Creek, light -. Se TOPCODER 6 eee BLK Basin wocceceennecessecces Rogk Creek Sait Creek 2.00 1,60 it is feared that valuable oll pools must be prematurely abandoned un- less preventive mefsures against cor- rosion are adopted. Rapid deteriora- tion and destruction of metal equip- ment in oll and gas fields are caus Ing such waste of resources nelal loss that operations in many important fleldacan not continue on a profitable basis unless these losses can be lessened or eliminated Tho magnitude of this destru of metal equipment due to corros is proved by the huge consumpt of iron and steel pipe, tubly ing, pump Valves, and—sucttar to replace worn-out equipment, by the amount of such equipme that is left in wells or junked, th bureau of mines Investigator out, This destruction of equl conatitutes in iteself a a but eontingent production such os ungerground leaks through defective tubing and } valuable wells, often cancel all oper ating profits Tt is the salt water In the wells and in the strata through which the wells are drilled that is responsible for the extren rapld ¢ sion in oll and gos fi Ide -_ Monetary losses due to the carro-|oompleted a study of the subje: fon of metal equipment. used in {he} for the bureau of mines. It is eatt preduction of petroleum’ and natiiral | mated that losses from underground aS are enormous, according to R.] corrosion in the oll and gas fields of Vi lis, petroleum engineer, de: | tho. at Kansas alone are more part of tlw luterlor, who” has | than 00,000 annually. In Linols Wor reeults try a Tribune Classi fed Ad. IS NOW DRILLING A NEW WELL Water S. & S. No. 1 Only 250 RODS from ATLANTIC PETROLEUM CORPORATION'S COUNTRY CLUB NO. 1 This location has been fixed by expert geologists— one of the best geological staffs in the country whose business it is to FIND OIL for this multi-million dollar oil corporation. CLOSER AND CLOSER these experts are locating drilling wells to Atlantic’s splendid Country Club acre- age? FIRST—the famous WHITAKER, now on produc- tion as a great gusher af 4480 feet. SECOND—the tremendous VER § TRATEN gusher, now on production at 450714 feet. L; THIRD—the BLUNCK No LANTIC, now, drilling below AND NOW—the water §. 250 rods away. GET THIS The successful quest for oil is drawing the Union of California NEARER and NEARER to Atlantic’s acre- age where the COUNTRY CLUB NO. 1 is now down to a depth of approximately 2250 feet. THIS IS CONCRETE RECOGNITION OF ATLAN- TIC’S STRATEGIC POSITION ON THE FORT COL- closer still to AT- 1, drilling just &.¢ 2.00 | 2.16 | fon | casing leaks and consequent lor il and gas because of daniage | Rush your order today—Right now! pay sands by filtrating water anc ALL STOCKS—BOUGHT, SOLD AND QUOTED. silt, fre 4 costly repairs with | SAY T TASC A deat a ee etary weer Tape peion Oe peoanation: ACCOUNTS— Opened for CASH, on MARGIN, or and the ultimate injury to or loss of on 10 equal monthly PAYMENTS, LINS STRUCTURE WHERE COt ‘RY CLUB NO, 1 IS THE DEEPEST DRILLING INDEPENDE TO THE WORLD FAMOUS GUSHER GROT Stock in the company owning the I and Ver Straten is at a high pric it the average investor stock in ATLANTIC PETROLET th splen- did speculative possibilities for QUICK ACTION and HUGE PROFITS is now within the vestor at the low price PER 1 72 SHARE rth FIVE cent reach of every in- CENTS Tt should be w per hare right now | —PERHAPS MUCH MORE | price advances | coming. The price of At tic 1 be advanced to 2 cents any day now. | It if definitely announced that ATLANTIC stock will be ADVANCED 100 MORE, when the well re Wé are authorized fin troleum. In buying from by YOUR compan and you are sure of delivery paid for. WIRE, TELEPHONE or (to 8 cents per share), or 3000 feet. lagents for Atlantic Pe- OUR money can be used eeded for development, your stock when fully MAIL your order IMME- DIATELY. We will do our best to fill it at the 114 cent price, although shares are selling pidly and we an- ticipate early oversubscriptio: A.A. HALL & CO. Members— Deny Block Exc nee, De c mber of GCommeree 71117th St. Telephone Main 4570 Denver, Colo. Private. Braneh Exchange to a Der ments 9-624 ¢ 5 temuent