The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-02-02

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Cappeau Sons revival Of rumors of ad,
ditional increase in capital stock diyi-
dends caused a number of stocks on
this list to sell at new high points.
Standard Oil Of New Jersey touch
ing $780, the highest point since the
dissolution. Its interests in the I'm
perial Oil company at present prices
of the Imperial Oil company stock
represents over $75,OOO,OOO or the
value of this single company equals
over 3-4ths of the entire capital stock
at par and it is quite probably if state
ment Of the Standard Oil Of New Jer-
sey were published the Book Value of
its stock would show close to $1,000
per share.
Standard Oil Of Indiana sold at 941
a new point. The company declared
the regular per cent, and 3 per cent.
extra and will hold a special meeting
to increase its capital from S3OOOO,OOO
to Sl00,O00,00O. 1t is quite probable
that part of this increase will come
as stock dividend and rights and
part will be retained in the treasury.
The company will enter the producing
and pipe line business.
Standard Oil of Kansas reached $50
bid, new high point and declared an
extra dividend.
Continental Oil which has been a
marketing company has entered refin.
ing and expects to enlarge its present
plant. At go it made a new high
record.
Prairie Oil & Gas at ESQ is also a
new high point California at 400 and
Standard Oil Of Nebraska at 6l5, At
lanta Refining at 1l41, Vacuum Oil
at 400 are all new high points.
Reports of earning of the Standard
Oil Group for the past year show
much larger than 1915.
Independent Oils.
Prices for the Independent true to
conditions, also Gulf Oil Corporation
sold at 400, new high point, especial
ly for per cent. stock. Magnolia
Oil at 42j and Imperial Oil at $50 were
some of the weeks advances.
The Junior Oils were rather quiet
until the end Of the week when Usage
Hominy Oil showed life and advanced
to 9 5-S on expectations Of new well.
coming in New York is quite bullst
on it and Sl2 is talked
Oklahoma Producing d Refining
held around Is, while the CosIan.
were firm at II Ii and II. Sinclair
Oil 4 Refining held at 6l IL and ~
The bonds are exchangable for stocl
at 50, each $1,000 bond equals q,
shares Of stock with $40 in cash, aut
accrude interest to date of surrender
The company are securing oil conces
sions in South American STANDARD
Oil Review by Jo 2. Cappeau Sons
countries and stock is strongly tipped
for higher prices after bond retire
ment, as well as increased diyijou,
rate.
Sapulpa Refining will offer par. OF
its increased capital to its stockholI
ers. Its dividend rate at present i
6 per cent. quarterly
Marritt Oil sold up to is and bach
to l6. The Ohio Oil company recoa.
ly drilled shallow sand well shown.
for 200 to 800 barrels. On an adlom
ing lease.
The demand for Fuel Oil in the ca,0
is increasing and as little refined ID.
possible is being made on account Of
the price Of both gas and fuel ol.
being higher than refined and cost les
to manufacturers. The well near Bil
! lngs, Okla, is being played for d
thousand barrels or more and high
prices are being paid for leases near
1t, as it is over 40 miles from nearest
production and promises to open some
'. gin territory in a section that has
been before condemned as being in the
red beds.
From present outlook, oil securities