Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-07-18
Oil Market Letter
Go y CAPPEAU SONS.D

/
90 l.. CAPPEAU SONS)
Trading IN oil and natural gas
| shares was active with trades OF over
IL 900 shares and prices ON the active
| traders were firm and a little higher.
Columbia Gas e. Electric. with over
I 1900 shares traded. sold high a,
is 3-S and low at II IA. The com
. pany Is now making between 5,OoC
| and 1900 gallons of gasoline per DAY
| and expects by fall to have three ad-
| ditional plants in operation and pro-
ducc 10000 to $4,000 gallons per day.
/ Earnings continue to show gains IN
both gross and net.
Pure oil sold $500 shares at II
| high and 20 IA low. The majority
.Ot the sales being made at 20 "a ano
I2l The company will soon receive
! earnings from the sale OF its surplus
Z gas for gasoline. The latest eastern
! deal is off for the present and runIors
/ that western interests are now ncgo-
| tiating for the control at higher prices
! than have been offered by eastern
| buyers in the meantime net earnings
! are running at the rate of over loO
! on the common.
/ OsaSc & oklahoma sold lightly az
/ i03 Cancy River Natural Gas sold
/ at 40 and 80 IL and shows the largest
! monthly average in his history. OK
/ l,homa Natural Gas is firm at II bid.
Union Natural Gas sold 20S shares. ala
at 149 Manufacturers Light & Hea,
/ sold low at 80 5-S and high at 81.
! Lone Star Gas is offered at so and
/ Centrai Kentucky Gas AT %. Tropcat
I Oil sold at Is to IL. The COM
| pany is moving its outfits on to thcf,
! concession and prosecute explorations
as rapidly as possible Universal on
& Gas completed a good gas well ~
| west Virginia and a good oil wen IN
/ Ohio. The stock is offered slightly
under par on the curb.
Ohio Fuel on ,s inactive. with SalCs
| at 10 4" ONO Fuel supply sold low
at Is IL and high at 46 l-8 on s,,ic'.
1 of less than 500 shares
Standard oil Stocks.
The trading for the first time in
/ several weeks showed more activity
I and gains II 81 to SIS are shown over
/ a majority of the list. The eastern
pipe line group showing advances owe,
| the entire list II would look like 4.
good exchange to sell New York Tran
sit at lqg, which nets little more
than & per cent. and buy Illinois Pipe
/ Line 1T l6S. which nets nearly Is per
cent. and has INCREASED life in tnr
new folds of Wyoming. Prairie Pipe
Line looks like a purchase around 22V
and nets over 3 per cent with more
. business than IT can handle.
/ Cumberland Pipe Line will soon lc
/ in a position to handle 1000 blrrcI-
4 day, OF three times its average buSi-
mess OF the past three years. Around
| S5 1t nets nearly 6 per cent. South
Penn oil nets over . per cent on basis
| of its last dividend, selling arounG
/ $50. standard oil of California gaineo
SIS and the advance of SC per barrel
III crude oil helped its earnings.
Many stocks-on the standard list at
present prices nets as much or more
than many OF the junior OIL stocks.
They arc all tested bv time, but do
not offc- the same speculative oppor-
tunitiCs ls the new companies which
are being formed at a rapid rate dur
inc the past quarter. New CapltalZa-
tion Of SCI .600. 600 has been form"o
IN oil and gas companies, over three
times the amount of any other nduS-
try, and oil is at present attracting
the Alteration of eastern capitalists
more s. rongly than ever. Estimated
production for the first half of the
year shows less than the same period
Of last year The pipe line runs foN
juno show an increase over January
and an increase in gross stocks or
2j0. 900 barrels against a decrease q.
l.SG2.0O0 barrels III May over April.
Junior Oil Companies.
Trading shows less activity and
profit taking in many of the stOcr<A
forced declines ranging from | IA to
3 - points.
Sinclair OIl & Refining. on att
nounccmCut of purchase of increased
refining capacity and declaration of
initial dividend, sold high At i6 "A
and low at 43 1t, rallying to a.. Good
judges figure that earnings arc run
ing ~ the rate Of $40 per share oil
, the stock. or "a per cent, consider
, in gthc par at So
CpsdCr OIL a Gas common sold
high at 10 IS and low at IS l.
Earnings are said to be running al
the rate of over 500 per cent on pres
cnt capitalization. also rumor of q
consolidation Of the fosdCn companies
and another large producing and re-
filming company,
oklahoma Producing a. ltoilnint
Will increase its stOCl, from 81, GOO, ,O0t
to $5,00O.000 and will absorb the Mus
kogcc refining company by an eX-
change of stock, giving one share OF
oklahoma Producing & Refining fol
two shares of Muskogce Refining
s The latter declared the regular
monthly dividend of | and 2 per cen
\ extra,
c Sapulpa Refining sold high at 2 Il
= and low at II IA. 1T is expected tha
IT will increase it's monthly DIVIDEND
from / , to per cent, as earnings
Z NJ tR Of 1