Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-01-02
Oil Market Letter
90 Z. rArpEAr anNsl

Trading In natural gas shares con
sld,rinE holiday week was quito ne
two win some gains over last week
Manufacturers Llght q llent sold hlgl
TAT 60 ana low a. o. IL with sales q
nearly $500 shares. Profit tnknl
was noticeable a. the high figures
after h was known there would be n,
change In dividend rate this year.
ONO Fucl Supply sold high u
I51 ~ ana low at SO b-S with sale
81 over 1000 shares. ohio Fuel OF
sold low Al u IA and advanced I,
~ "a on trades of less than 5Ol
shares Many holders are anticipat
ing an carly advance IN Eastern
Crude
oklahoma Natural GAS sold In
small odd lots at 90. Canoy River
Natural Gas sold high at ~ and low
W 40 II has about $liOO per dnS
from oil production. IN addition L.
the largest gas business In itH his
/ tory
/ Osagc q Oklahoma. no trades This
company needs an advance In rates
or II VIII face a deficit next year
Lone star Natural Gas sold lightly al
49, Columbia Gas & Electric was
traded locally 10 the extent Of over
b 500 sh'r"s. selling low AT 80 and high
at II T. Its gasoline production is
now over $780, 600 per week or at the
I rate Of per cent on common stock.
apd some well informed holders are
looking for GO for the stock. Pure
on sold low at 20 "a and high at
- 5-S. Considerable talk Of an extra
dividend after the first OF the year.
Investment buying iS noticeable and
trades were over $500 shares Pitts
hurgh oil X GAS gained half point
Oh report of the company completing
a hundred barrel well In the cali
foruil ficld Tropical OH was "A triflc
stronger selling a. ~.
standard OH Stocks.
The prices generally show good re-
covcrics from the previous week.
Prairie OIL * Gas gained $40 West
crn oil advanced to $l.4O this week.
a gain of so cents in 30 days. which
largely increases l'rairic's earnings
and value Of stock oil. Atlantic Re
filming also gained $50. South Pen
also gained t3i. and earnings will be
again increased lay the zoe advance
In cascrn crude OIL making the
price $2.S5. This still leaves too great
Ia difference I'm value of western oil
and eastern oil and We would not be
surprised Ia sec western oil sell at
81 or higher.
There are some umors that Union
Tank Line Will do something soon to
reward the patience of IT'S stock.
holders.
Illinois Pipe Line nets over 10 per
cent AT present price and Prairie Pipe
Limo ncts - per cont. Auglo-AmcIi-
can Is higher l. bld Standard Oh
.of New Jersey gained S25,
Junior Oils.
Tho principal traders on this list
show gains over last week
Cnsdcn Oil y Gas gained half and
the price of OIL increased over 30 per
cent in the past month means 10000
per day additional earnings
Cosdou Refining was firm around
4 with no selling pressure notice
able
oklahoma Producing a Refining
are interested IN SO. 900 deal i'm the
Ospge and advanced 3-4 They have
I Increased their production and have
assured supply for their refinery.
which viii increase its present ca
Ipdcity The company has taken 81
per cent of the Usage Hominy on
company which starts with onc-half
/ interest I'm over $500 acres and H.
ace barrels of production and il looks
as IL the pool was AN ON their hold
. 't'tfH ''NftF' ilNIlluN SHOCK Will
come on the market AZ $3.50. par s..
and viii start with earnings at the
rate of 10 TO 90 per cent on it's cap
! ital
Sinclair oil ~ Refining sold high
at SO, recovery of 50 from it's low
point Thru It's subsidiary the
| crystal OH company is reported 10
have purchased the Tidal oil com
Ipanys pipe line from IIominy to
Tulsa and their half interest in the
/ ridal's liominy holdings IN the Usage
for $4,000. 900
The Osagc Iiomnv oil company
controlled hy the oklahoma Pro-
ducing Rcfining. having the other
half of the property. the increasing
oklahoma crude prices mean over SO
per share per year additional earn
lngs with the prospect of further ad-
NanccS IN western crude. The earn
lnES Of the western companies should
show large increase for the coming
quarter.
Western refincrics which are pro-
tcctcd for their crude supply and have
low priced oil IN storage should he
excellent purchases but those depend
ing ON current supplies from the big
pipe lines Will have a lively time un-
less conditions change IN the Mid.
Continent field.