Salt Lake Tribune | 1917-03-31 | Page 14 | Big Muddy Stocks Showing Strength

BIG MUDDY STOCKS SIWTRE1TH Report of Developments on Atkinson Well Is Denied; Results Favorable. iSpecial to The Tribune. f.'Ht'VKXXK, Wyo., Mann .'ill. (-itocUs. of oil companies operating iu tho Hijr ATmif ly fuild, which slumped J.'iyt wt;t!k whoa a rumor crept abroad that thn Atkinson wdl on section J6 had penetrated the Wall creek sand at .'WiH feet and ha-! developed oniy water, have reacted as the result of au announcement an-nouncement that the well did not pene-trato pene-trato the Wall creek, but cut through four feet of white sand lying above the cap-rock of the Wall creek, the flow of "water coming from this sand stratum. Tho water has been cased off, it is announced, an-nounced, and the Atkinson drill now is biting into the Wall creek cap-rock. lad this well developed water in the Wall creek tho profitable area of the li'ig Muddy district would have been demonstrated to be much nanower than is hoped. brought in a new shallow well in the iig Muddy field, penetrating the Shannon Shan-non nand ut about 900 feet. The well's capacity is estimated at sixty barrels a (lay. An eighteen-bour test of the flow of oil from the deenost well of tho Elk-horn Elk-horn company in too Big Muddy field measured 12.5 barrels. With an overflow over-flow of this volume as tho basis for cumulation it ia estimated that the well will pump 500 barrels daily. Announce-tnent Announce-tnent of the result of the test caused Klkhorn stock to move up five points, to 80 hid, 85 asked. A movement has been launched contemplating con-templating tho sinking of a deep well in the streot iu front of tho Midwest hotol at Casper, in an attempt to demonstrate dem-onstrate that Casper is not merely the hub of ft surrounding group of oil fields, but is in fact built in an oli field. The extension of drilling operations in the Big Muddy field, which lies sixteen miles east of Casper, within a few weeks will have brought activity to within four miles of the town. E. ,1. Caiiin of Denver and J. T. Hurst, of Worlnnd, Wyo., are reported to have sold their leasts on section IB, Big Muddy field, to the Ohio Oil company. com-pany. Carliq held a lease on the southwest south-west one-quarter of the section and Hurst a lease on the east one-half of the section, tho latter being the lease for which the state, which owns the section, was paid a bonus of $105,000. Tho Pavillion Butte Oil company, capital cap-ital stock $23,000. has been chaptered by the state. The company will operate op-erate in the Riverton district. The directors di-rectors are Earl Warren, L. E. Jive, Anna S. Hof matin, M. S. Durrill and M. ,1. Martin. Standard Oil Stocks. J. A. Hogle & Co.. 169 South Main street, furnish the following quotations, received yesterday over their private wire: STANDARD OIL STOCKS. . I Bid. iAsked, ARlo I issii rpZ Atlantic J 1010 1055 ttorne-Serymser j 4;r 4f)0 V lHf'JIUllglt .;U -jyll Colonial 50 -q Continental 5X0 600 Creseent 9 4 Cumberland -. 145 1 kjo Kureka 220 225 Galena common 159 ifit Preferred 187 j 142 Illinois Pipe 2"S 2t2 In. liana Pine 105 10s National Transit 17 IS New York Transit 210 I 220 Northern Pipe ion 10s Chile Oil 3i7 3(15 Merrltt Oil 27 '7li Midwest Refining Ml 113' 1'ralrle Oil 595 fi,)5 Prairie Plre 31S 323 .olar Retinitis; SsO 400 Southern Pipe 205 210 Southern Penn. Oil 32K 335 S. W. Prim Pipe 110 120 S. O. California 20s no2 S. O. Indiana ,S70 1 8S0 S. O. Kansas 510 560 S. O. Kentucky 7SO 790 S. n. Nelu-nska 5:m ! f5 S. O. New Jersey 707 j 712 s. o. New York I 315 31s O. Ohio j 405 i 505 swan it Finch 110 li.5 Union Tank ?3 96 Vacuum 405 1 410 "Washington 30 40 r ?" i3ii i-tvi Penn. Me 50 i 57 New York Listed Quotations. J. A. Hogle - Co.. los South Main street, furnish the following quotations received . yesterday over their private wire: NEW YORK LISTED STOCKS. I Sales.! H. L. j pise Chine. l.ooo: 57541 57m 571: -Alaska 600! 9-V s7il Hi Butte & Superior ' ' 1 1 tor Inspiration 1.600 suJ 4k, 6,uJ Kennooott Cop .. 2.700 4fi!4 4s 4t; Miami copper l.ioo u 41' I 4iv: Nevada Con 200' 23V -3?i: 4 Bay Con 7.100: 30-Y l gnu Chile Copper 1.600' 25 1 24-V 4i Ontario Silver 1 i S Tenn Copper (iv is "j 1 ' is; 1 157; rtali Copper ; 1 .70011 u; 'uou nor' St'jdehaker I 4.S0C 102 ' 101 C ' pu a! American Zinc ... 500' 3SJt! Sfis-; j65 Greene Oannnea .1 500 42-V 42 4v NKW YORK LISTED CLOSE. ! BiJ. IAsked. Amer Car A- F com I p;i 1 eni Anier Locomotive 711 71i Agricultural Chemical 59 ' j 90 8 'a. -Carolina Chemical I 42 1 4".' Railway Steel Springs 51 i -7,, Pres.-ed Steel car.." 1 7J ! Southern Railway pfd 60 ' 6o:r Kay Consolidated 30 j (ti? Chile Bonds I ;i.: 105