The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-04-19
OIL MARKET LETTER.

(by Jo. p. Cappeau Sons.
We wish to advise our clients and
iriend- that We will handle their sub.
scriptions 20 the United States govern
ment war loan In whatever form Il
may come without any profit or com
mission of any kind. and vii be glad
TO receive their inquiries. We person
ally feel that every one should sub
scribe tO % portion Of the loan no mat
ter how big or how small, through
patriotic reasons
On modest Oyerturniug the local
market for natural gas and oil securi-
)ties held especially firm. bearing in
mind the erratic movement OF the
stocks on the large exchange, where
general declines took place \ feeling
of "watchful waiting has taken place
for the investing public to see how the
government is going to finance the
war, and what amount OF taxes will
| be necessary.
Manufacturer Light 4 Heat attract.
ed attention by advancing from Il
TO 1872, on sales OF over 5000 shares.
As mentioned in our letter OF last weel,
the company holds valuable leases in
| Green aHd Washington counties. Pa.
! During ;he past few day the com
pmy ha, drilled in one well doing
/ Loo barrels and the second one still
drilling In the sand doing 500 barrels
per day This makes four large wells
tH. company has already developed.
Ninety dollars Is talked of for the stock
Ul those we'll acquainted with their
future oil prospects ana believe it will
reach that price before the summer b.
over.
Oklahoma Natural gas registered
one sale at lo0#,. while C1uey River
. Natural gas sold iu % small way at
'i> Usage a oklahoma Natural Gas
remained unchanged ar rs. The
IN.'tl annual repor, of the Usage q
/ Oklahoma company for the pc Nd
ending December "a last shows gross
earnings from 400 sources OF Sll>.I51
.-.u-t S2eugNl On the preceding
year, Surplus earnings available iHr
. dividends aud other corporate purpu-
.. we're Sls>uun compared with
s--l3-G Dividends paid were >l35.
10000 AGAINST Sll-aNN other charge.
.Hau.t income resulted BOO % net De
. .fD.t I.r 1916 %. Slt.5i. against net
surplus %. Slu-sa BOO 1915 The loss
$500 due ,0 .. larger amount of En-,
undo. thp new Usage lease The roy
.f. paid tls O-al, nation iu 1916
amounted 20 S12.555. against moth.
/ uL iu 1918. lu his statement 90
stockholders. however. President T.
.p WHtcomb says that the corpora
. t.uu commission of Oklahoma bias just
handed down au order which gives
1.-The company au increase of aUou, -
per cent over last years gas rates
/ aud that the new schedule became ef
.octiNr on the first instant
The standard OF. subsidiaries how.
ed signs OF r,actory tendency with
{ stocks showing declines OF 5oc TO 81
Ia share. Atlantic Refining registering
. tup largest We believe that some Of
/ The producing companies and refining
companies are good buys ON any fur.
l tUrr break,
Wyoming Crude oil was advance !
5c per BARREL and the same was re-.
/ Elected In the market for the stock ot
| this locality Midwest Refining al.
aucyd from 1871 TO li3
Renewed talk of the Cosdon combin.
|luou is being heard. and some figure
| that Cosdeu oil q Gas will go In on
| the same basis ae Cosdon y Company.
namely. to per cent and per cent
extra
Sinclair Cult {. quoted 3S bid, OF.
tered st g.. while the rights have been
selling at ouveighth
The Texas Company may distribute
| tl.ir pipe line holdings according 10
| tUy recent legislation iu the state OF
Texas. which declared that am oil com.
Ipuy owning or operating pipe lines
can only enter the producing business,
|If 90 Hrst dispose, of such ppr lines
or turns them over tu separate cor.
p1rauon which will bo limited 90 tho
! business of this character 10 Is esti.
mated that the pipe line earnings of
! thu Texas Company for l9lllel2lgl3
lVpro 2iie.