The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-01-23
STANDARD OIL REVIEW

Jo. p. Cappeau Sons

DO. l. Ndpptdu HVlh
New York, Jan, 2O-The past week,
say Jo. p. Cappeau Sons, shows signs
that the upward movement in Stan
dard Oil stocks is over for the present
and reaction down has commenced,
as with but few exceptions the list
shows lower prices than a week ago.
Standard Oil of California, on an
Inouncement of the regular ~ per cent
dividend and stock dividend of 33 13
per cent, gained $2l. Standard Oil Of
| Indiana declared the regular per
cent, and per cent extra, and barely
held its own at $50, switch that can
be made proiitably at present time,
would be to sell Indiana and buy
Standard Oil of New Jersey We believe
the latter better for a long invest
ment.
So. Penn. Oil viii show between 3j
and 40 per cent net for the year and
present earnings are at a rate exceed
ling last year.
The Imperial Oil Company are re.
ported to have taken over control of
! the Midwest Refining of Wyoming
! the Midwest being the largest re-
fning and pipe line interest in the
northwest The Imperial Oil CO. is a
Subsidiary Of the Standard OH Of New
Jersey and its stock is quoted $50 tC
400 on par 100. 1t is quite probabl,
that any losses Of the Standard Oil o
New Jersey in the Rumanian fields b!
recent destruction of the refneries ant
producing fields by the allies, will b.
reimbursed after the war.
In 1916 the Mid Continent fields com
pleted nearly 30 per cent more well
and had nearly % per cent less ney
production than in 1915.
The California fields reduced stock
| on hand over 100000 bbIs. durin
5 1916.
Rumor has it In that west that tn
recent purchases by Harry Sinclai
Of the Tidal Oil half interest in Tn
IOsagc.ilominy property and the pu
chase of the Crystal Oil Co. does II,
, go to the Sinclair Oil Refining Con
pany but will be- used as basis Z
, the Sinclair Gulf Corporation, ne
company to be formed The Sinclair o
o & Refining stock nuctuatcd bctwco
81 and e. and some well posted IL
sidcrs expect to see It sell at lOO
!. Sapulpa Refining declared o quartz
e. ly dividend of 6 per cent, increased &
:. present capital from SlOOO,OOO to s.
r 100000. S5,OOO,OOO of the new capt.
4. win be issued Immediately The sto,
r. holds between . and 10.
c Cosden Oil d Gas sold high, righ
e on at 1919 and low eN.rights 14'S. III
e company have nearly so wells drillh
or ready to drill ana should so,
show an increase in production. Son
n parties familiar with the company
e properties, think 30 would not be- o
h of the way for the stock this year
e Cosdcn & Company sold high,
n is, and low at III,
Ie Osage.Hominy Oil touched Sla 10
t. and 9li high. The company have
ii number Of wells nearing the sand, al
'e a jump In It's production may be ,
'r pccted in the near future.
oklahoma Producing & Refining so
high at lS and low at u. An ext
y dividend and possibly an mcreas
; regular rate is rumored.
d" Merritt OH of Wyoming moved fro
l2'2 10 ltl2. Parties recently on Z
~ property report very fayorably and
- siders expect higher prices in the ne
~ future
- Midwest Refining in which ma
70 local investors are Interested sold l.
at SIS and high at 9S.
No advances in crude prices durii
n. the week, but advances in the price
m gasoline were announced. Weste
NJ crude should sell stll higher and
,r out Of line with eastern crude. II
I'd rumored 60c premium above the m,
At ket is being paid on a years contra
" for Cushing crude.
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