Allied Oil Corporation
Investors were in for anxious times only a few years after Allied Oil Corporation incorporated in 1917.
With $12.5 million capitalization and an authorized 1.6 million shares of common and 350,000 shares of preferred stock, the company added companies.
Allied Oil took possession of the stock of Consumers Gas & Fuel Company of Texas, Dalsa Oil Company of Texas, San Jacinto Petroleum Corporation and Alamo Petroleum Corporation. It also owned most of the stock of Western Globe Oil Association of Texas.
However, Allied Oil’s brief lifespan played out on the pages of United States Investor – and the publication’s responses to increasingly nervous investors. (more…)
