Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-05-30
. OIL MARKET LETTER |,
- ? cAPPEar -.


90 P. CAPPEAC sons
The trading IN OIL and gas sscgr-
l-lez. While hsE-=r than usual IN vol
-Ie. shows changes 4 only fral-
lions n prces. wi-h the exception Of
ONO Fuel supply snt Union Satura.
E-s
P-re o. which furnished half the
trading sod high ~ J. and low al
J. 80 --- --up paly ls sid u be
earning 81 t-= rate 4 100 per cent
1-- c- me common stock E-m1rs ID;
ne<c----lors tc- control are again cur
Yen. but z.JrI-y interests have been
as--rs e-- cash and = stiff price
OHIO F-e. supply sod .1T A. 30 >
and 1.sE a. fs-z on trading Z less
than 600 shares street rLmOrs thai
division e some KIND j. coming.
r--et Fue. Gas N Ohio Fuel supply
owns - per cent sL1Es an increase
z l=- for The tirs- four months OF
1915 .i-r same pe--oc Z last year o..
over ts-s.lsg-
Ohio Fuel on seems 20 have 10
friends. selling from i o. Is "a Oh
At--= uo-- than goo shares. The
CON- la-l gross earnings should be
aroma 1890 r-- dsy and net around
300 per cent and there should be some
eI--- dividends this year.
---sz -----1. Gas dropped from
o. j l- r.Ulrs u tJ-eCl0s lre on its
-- --- recovered 90 y. II should.
from Us .o-z-.9r be Joined 20 the
---e--s group which aye IN pos ton
supply - ---h gas and HIl! even
----s be connected Its financial
-----.-l Is steadily Improving and II
----t-1. an increase in gas rates
E--.1 p-. out ln time
L-rlf7 f7-rIrrrs Light q Heat sold
.r p q Ia Hrass
Khan 500 shares.
Union Natural Gas sold high at 1f5
I'd low a. I4i on trades Of small lots.
Lone Star Natural Gas sold two
small odd lots at 3la, unchanged
Central Kentucky Natural Gas, IL
trades. Is offered at %, could be
bought at less. Pittsburgh oil q Gas
or less than 100 shares sold low at
ana high at Siz Columbia Gas &
Electric sold at IS ga and 10 IS
with light trading.
standard Oil Stocks.
majority of the list shows gains
for the week and and the list looks
as if bottom had been reached III
many Of the stocks and turn up
wards may be expected. as well as
extra dividends for the second anu
third quarters.
t9pAfi ] tilll ''ll anu .NtN OF X
Transit declared the regular quarterly
dividends Standard OH Of Ohio de-
clared the regular quarterly dividend
and the extra per cent. Standard
on Of Kentucky declared the regular
quarterly dividend and the extra or
| per cent ohio Oil the regular
quarterly dividend and extra Of $4.75.
The last three were all same of pre-
ccding quarter.
Illinois Pipe Line declared u per
cent. the first dividend this year. sup
posed to he for six months. at thar
rate the stock netted over 13 per
cent.
The eastern pipe line group have
been under pressure for some time
past, but show a tendency to raIN
during the past week and several
show gains of SO to $S. We believe
the decline has discounted any dis
turbng news that may come and that
earnings are equal to those of last
year $. O. Of ohio will receive 100
per cent stock dividend. was author
lied at their meeting on Thursday
Gulf oil Corporation advanced to
23G, a new high. Expectations of a
melon in way Of stock dividend are
current
Sinclair oil & Refining was active
in the trading. selling high at 40 and
low at a. It's production has been
increased from 49,. 500 barrels to over
5000 barrels per day. Since the
first of May several of its wells II.
the Shamrock pool south oc Cushing
started at 75 to 100 barrels per hour.
The stock offers a good speculation.
Cosdcn oil q Gas Common sold
low at y and high at TO- The COM
panv the Devonian oil company's pro-
duction Of over l 200 barrels per day
and that company's interest in the
Hay Il Kiowa Gas CO. in the
blackwell field of oklahoma which
looks promising for oil There are
still rumors Of the COsdcn companies
and Sinclair oil q Refining corpora
ton getting together; they would
make a strong organization.
Sapulpa Refining sold high at 12I
and low at II y. Muskogee Refining
held steady at IS to 3 rs. Earn
ings are running close to 10 per cent
per month. 1t is quite probable thar
the company will change from month
ly to quarterly dividends.
Oklahoma Producing & Refining
sold high at y and low at 6lA. It's
production has been running over
1000 barrels per day and net earn
ings should be over 80 per cent net
Something on dividends is expected
next month.