The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-08-23
Ticker Dope

NEW YORK standard on of In.
diana ".! benefit haoacu,u.i, hy
elimination OF the excess profits taN
az 1920 federal taxes were $20.4OI,-
600. substitution OF a straight II ~
per cent income tax for corpora
lions would mean a saving. based on
1870 operations, OF Sl2.732,O0O, or
over SO a share. Standard OF lndi-
ana IL the largest producer Of gaso-
line Of this country producing Is
per cent Of all gasoline in tho United
states. IT is also owner OF the Bur
ton cracking process by which "a
high percentage Of gasoline is OBJ
talued By leasing to other com
panlos the right 10 use this process,
a substantial revenue Is received.
The company owns and operates five
large rcfinories with daily capacity
OF close to 100000 barrels.
Through control of Midwest, aC-
complshed by exchange of stock,
the company controls the wyoming
oil fields. Production properties
owned are all in tho United States
and the company is practically the
only one Of the Standard oils to con
fine all its activities to this country.
Statement Of December 81 showed
cash and investment securities Of
| I$17,7t0,570. Total current assets in
cludinE inventory Of $72,O93,0OO,
were S1O4,153,0OO, compared with
current liabilities OF $33,6Sl 900.
leaving net quick assets OF s7O,572,-
/ 600, or $40 per share. Net tangible
assets, including net quick, amount
to S57 a share.
/ SHRENEpORT- T-Transcontinenta
/ OIL company has advanced from so
to 40 cents n barrel price on all
grades Eldorado crude, effective
August 25. Its posted price for
. crude of 35 degrees and above Is now
30 cents, same as established stand
ard oil Company Of Louisiana.
NEW YORK-Mi states Oi
corporation declared regular quar-.
torly dividend of 3 per cent october
10 TO holders Of record September
10 and authorized the executive com
mittecs 10 determine such extra com
'pcnsation to stockholders IA they
may deem proper for tho current
half-year period.
NEW YORK-The Indiahoma Re-
filming company reports for siA
month, ending June 80, last, gross
earnings OF t5SG,944, interest
charges S94S2I and net earnings
: EtuI =,
plus Sl92,123, previous surplus nd-
ius'cd ti,9SG.St0, total surplus
.S2178,933 Consolidated genera
sheet as OF June 30, last. shows cash
in banks and on hand S167,63O, notes
and accounts receivable sl,03t, ,16j
inventories OF crude and refined oils
at cost S1,59O,456. oil well supplies
|s172lSO, lcascholds and oil produc'
ing equipments S2,67l,G5S, notes
payable 1907, 600, trade acccptanco'
for crude oil and merchandise S957,.
22G, accounts payable s532,599, and
total assets and liabilities $l1,0SG,.
.2l3
NEW YORK--Consumption o'
gasoline in juno was the largest OF
any month this year. includlnr
amount exported, and there WAS q
. reduction Of 5O.OOO,OOO gallons ir
stock on hand Profits from the
, sale of gasoline have enabled the re-
fininR companies 20 mako a good
showing In earnings but shares o
these companies have declined al
most as rapidly as shares ~ con
Germs that depend entirely on sail
Of crude oil Holders Of NcNic1r
oil stocks were pleased over the an
nouncement that oil export taXo'
paid to the Mexican government II
, july were 36 per cent Of normal.
4 NEW YORK Ohio oil COMPANY
declared regular dividend OF sl.2|
, payable September 30, stock Of rec
D ord August 90. Previous dividcn'
3 was si25 regular and Sl25 cTtrH
f declared IN May. 1921.
NEW YOPE--No ono connected
with Pierce OH corporation appear
b 10 be able 20 explain tho severe droi
d, I'm price 81 preferred stock on th'
I exchange, In other quarters II wa
said the weakness Of the stock prob
ably was caused by some hitch Fl
, connection with plans which hav
4. h,cr under wav FOR some 'iWo pas
b. for financing tho company. Early u
- June n was officially stated th
- company WINS arranging with Il
F. hackers for sale Of about 'G.oDo.0n'
y Ion" term notos. but mp 20 this -lu
O the proposed plan has not Run
- through A. tho timc anuOunnDm"7
waa made II was now funds would
: bo used 10 take caro- ~ bank loan
e amounting 20 fl75o.o00 ana th
.' balance NJ tho proceeds ~ sale %
- tho notcs would b" held In the treas
= ury The last regular quarterly dlri
: dcnd Of per cent on prcfcrrc'
ID stock was paid on July J