The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-09

recently according 10 Walter G.
IeaEIe, president ot tho standard oil
company OF New York. MIR Tcarlc
admitted that both sides made con-
oessions but refused TO say whether
OR not the oil companies agreed TO-
pay the old tax levy uu oil now held
lnstorage and produced last spring.
Ho said the Mexican government
would make H detailed announce
mcnt OF the agree meut arrived at In
the conference. Ito also admitted
that prior to leaving Mexico they
had ordered resumption ~ uil proc
ducuon IN Mexican fields. Tid,watcr
OIL declared a regular quarterly .
per cent dividend, payable Scptcm-
hcr 30. Of record September 10.
Phillips Petroleum IS strong on re-
ports that earnings are large and
would warrant payment Of II dIyi-
doni on the stock.
Sew York. Tho American Pc
troloum Institute estimates the dalv
average gross crude oil production
I'm tho United States for the week
ended september 8 as l,2q2.O70 bar
rClS, oomp pared with l3U&,010 iu the
preceding week, "a decrease Of lO.SUO
barrels. Tho philips Petroleum
company reports net earnings after
all charges and taxes for Angus, Of
over S23O,O00, or at the annual rate
OF S2,s0o,0Oo. The company is now
earning al the rate W s. a share
on its outstanding stock on 81 per
barrel oil. u is officially stated pro-
duCtion at present IS, ana for somu
time past. has been running at the
rate ~ 10000 barrels per day. I'm
portant developments I'm connection
II "a 10 ~ n
pctGcd TO be announcer in COM
parativcly short time. Articles Of
incorporation OF the Producers and
Rctincrs corporation have y con
changed 10 provide for tho changing
or par value Of common and pre-
tcrr"d shares from $40 To $50 each.
Exchange Of $40 par value shares
Tor now $50 shares viii be made for
both classes mp to October ncxt.
No transfers will he made after that
date on the $40 par value shares.
Dow Jones: The Panhandle Pro-
ducing ~ Refining CO. today do
cIarcd its usual quarterly dividend
Of per cent on its preferred stock.
payable October | TO stock OF record
September 20.
News Bureau. New York: Tho
following subsidiary companies OF
the Middle states OH comrauv have
declared monthly dividends n fol-
lows. Dominion OH, per cent.
pavohl" October t. stock Of rec
ord September 10; Ranger. Texas.
OIL, J per cent. payable October
10 stock of record September Is.
Texas Chicf oil. I-3 per cent, pay.
able October l to stock Of record
september Is.
Denver, Colo: II has been an
nounced officially that tho standard
OH company Of Indiana viii. on Or-
tober !, take over the operation OF
the plants OF the Midwest Refining
company at Caspar. Grey Ruyy and
Laramie, ana after that date will act
as agent for the Midwest so far as
tho refining end is concerned with
out encroachlng on the Midwest pro-
ducing department. The Midwest
VIII continue its activity in prospect
ing and developing oil resources in
Wyoming and neighhoring states.
New York: The better class OF
Independent oil stocks are in better
favor. stocks OF tho smaller OF
companies that have been able to
show Surpluses after charges bear
ing current depression have been In
good demand General Petroleum
company reports for the year end
ing June 30 last, not profit from op-
crations, 81 l391,S07. Mountain ana
Gulf oil company brought in a well
IN section l3 IN Salt Lake field. Wv
oming, estimated at 5000 barrels
This company is connected with Salt
creek Producers association.