The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-01-02

IoNdHE ID Jhe extent OF over 900
shares, selling low at 50 and high
at Al Ia. Its gasoline production is
now over 100000 per week, or at the
rate of 8 per cent ON common stock.
and some well informed holders are
looking for 60 for the stock. Pure
Oil sold low at 20 3-4 and high at
p 5-S. Considerable talk Of an eX.
ira dividend after the first of the
year Investment buying is notice
able and trades were over $500 shares.
Pittsburgh Oil & Gas gained a half
point on report of the company COM
pleting hundred barrel well in the
California field. Tropical Oil was
trihe stronger, selling at IL.
Standard Oil Stocks.
The prices generally show good re-
coveries from the previous week. Prai-
rie Oil and Gas gained $40 Western
oil advanced to $1.40 this week.
gain of SO cents in 80 days, which
largely increases Prairies earnings
and value Of stock oil. Atlantic Re
tining also gained $50, South Penn
also gained $35, and earnings will be
again increased by the Zoe advance
in eastern crude oil, making the price
S2,S5. This still leaves too great
difference in value of western oil and
eastern oil and we would not be sur
prised to see western oil sell at 81
or higher.
There are some rumors that Union
Tank Line will do something soon to
reward the patience of its stoclihQld-
ers.
Illinois Pipe Line nets over 10 per
cent at the present price and Prairie
Pipe Line nets u per cent. Anglo
American is higher, II bid Standard
Oil of New Jersey gained $25.
Junior Oils.
The principal traders on this list
show gains over last week.
Cosden Oil and Gas gained a half
and the price of oil increased over so
per cent in the past month which
means $4,000 per day additional earn.
ings.
Cosden Refining was around II
with no selling pressure noticeable.
Oklahoma Producing and Refining
are interested in a $6,000000 deal
in the Usage and advanced l 3-4. They
have increased their production and
have assured supply for their refn-
cry, which will increase its present
capacity. The company has taken 81
per cent of the Usage Hominy Oil com
pany which starts with IL interest
in over 4S00 acres and eleven thou
sand barrels of production and it looks
as il the pool was all on their hold
ings. Usage & Hominy stock will
come on the market at $3.50, par S5
and will start with earnings at the
rate of 40 to 80 per cent on its capi-
tai.
Sinclair Oil e Refining sold high
at 63, recovery of Sc from its low
point. Through its subsidiary the
Crystal Oil company, it is reported
to have purchased the Tidal Oil com
pany's pipe line from Hominy to Tul-
sa and their half interest in the III
dars Hominy holdings in the Usage
for S6,5OO,O0O.
The Usage Hominy Oil company
controlled by the Oklahoma Producing
& Refining having the other half of
the property, the increasing Oklahoma
crude prices means over So Ier share
per year additional earnings, with the
prospects of further advances in west
ern crude.
The earnings of the western com
panies should show a large increase
for the coming quarter.
Western refneries which are pro-
tected for their crude supply and have
low priced oil in storage should be ex.
cellent purchases but those depending
upon current supplies from the big
pipe lines will have a lively time
unless conditions change in the Mid.
Continent field