Wildcat Well Pushes Some Stocks Higher
NEW YORK, July 17 OP). Prices bounced up today in the stock market with only minimum encouragement from the buying fraternity.</br></br>There are few features in the rather quiet market. But one big development stood outÛÓa wildcat oil well in Montana.</br></br>There were two other issues that were caught up in the popular advance and carried forward. Montana-Dakota utilities was eleventh most active 'up 1% at T9. It serves that area.</br></br>Amerada Petroleum was the ! other to benefit. It was up 5% at 1051/4. The new Shell well is about 100 miles southwest of AmeradaÛªs well in the same basin discovered last April.</br></br>In the final minutes of trading there was a concentration of demand that give a last upwarch push to prices.