The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-11-08
I'm THE OIL FIELDS
Office, e241 VIII PECK Residence 2442

share dividends during the last quar-
ter, IL was stated In Detroit that the
reason was that the Indiahuma had
an excellent organization, unusually
effective with. T.. II, Schock, prcsi-
dent; A. w. Gieske, vico-president.
w. o. Schock, secretary and treas
urer, and J. j. SchoCk at the head
Of the production department
1t is understood here In Detroit.
Just as well as In Tulsa, that tho
above organization liz thoroughly
able to handle the business economl-
cally and effectively and no surprise
Is expressed that the dividends Of
the 1ndiahoma are likely to be com
mcnsurate with the earnings as
above. 1t II as well known in De
troit that Mr.. Schock has. in add
ton TO his refinerics, plenty of pro-
ductior, which OF course is the basis
Of solid prosperity In the oil coun-
try.
The same In true with Skelly OIL
and 1t was mighty interesting to hear
one OF the brokers who makes his
living dealing In oil stocks make the
remark right here in Detroit that
| "Skelly IL one man who likes small
wells and lot OF them. They
say about him that no IL not playing
for big stuff anywhere outside of the
south end, but is playing for regu-
lar production in the best part OF
the midcontinent field and will soon
| be able to count as much produc-
| tive oil property as any OF them" ."
This certainly sounds like Mr.. Skel-
ley himself, as everybody knows
who has heard him express himself.
There is a great deal OF Sinclair
stock held in Detroit and here where
there Is so much rail money coming
In daily through the filling stations,
Ii is easily understood that Sinclair
In boundNto be one of the big money
makes in the long run. This and
the further fact also well known
here in Detroit that the Sinclair
people have three big wells In Mex
leo, has given this concern a strong
er following than ever at. the head
quarters Of the automobile industry.
Business with them is good and
their filling stations are always
busy.
But in the meantime the ticker
brings the information that the
bears are still rampant and the
stock exchange in New York Is be-
coming more and more OF a slaugh-
terhpuse where the hopes of holders
of oil shares are murdered, and the
only question is how soon ~ all OF
this going to be changed. Every
body thinks, and what every body
thinks is usually true. that the next
bull movement is going to he the
strongest and the most far reaching
OF any boom ever known in the his
tory OF the country.
The only question then is how
soon is this upturn in the market
| going to take place Tho election
IL over and everybody Is extremely
| happy and when IL comes TO a ques-
| tion of good times there is not a
| particle of doubt but they are here
already if only money were avail
able. and one thing IL certain that
by January /, when the annual In
terest payments are due, that the
money situation is bound to be
much easier, and 40 far as the de-
there has never been n time when
in November 80 large a gallonage
was being consumed.
With no stocks to speak OF In
sight the refiners should certainly
take heart and hold prices as strong
as possible. Henry Ford never sold
an automobile by making his big
cut in prices which did go much "a
discomfort the trade. There In no
fcr!. .oura a.y;--.c-c ~: :..s 9:
Canada with the price OF gasoline
az It is now, and no one isNworryins
as to a supply althugh there has
been world Of propaganda printed
well calculated TO disturb tthe mar
ket for automobiles hnd trucks.
The only question is one OF freight
rates. The chances are that Com
gress will investigate the freight sit
| uation when II meets and one thing
| is absolutely sure and that Is that
tho Interstate Commerce Commission
| can soon find n good reason for
making a more reasonable ratn on
| petroleum. and it's product v<lrh
are essential TO the country furnish
Ing heat, light and power, and In
view Of this fact the meeting Of the
| National Petroleum Institute nj
| Washington will he watched with
| the greatest interest.