The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-05
On Mafhei unntss,rns
Stock Wdrket Reflects
Expected OIL PrOsBerifU

indicative Of an expected increase
In prosperity FOR the various leading
oil companies of tho country IL the
recent action Of the shares Of these
companies In the stock market. Al
the final market session last week
Cosden and Marland shares were
among those most notably strong
The Cosden organization paid divi-
dcnds all through the so.callcd
period of depression and the Mar
land company now has it's produc-
ton Mt the highest point in its his.
tory. with every probability that the
directors viii consider the resumD-
tion Of dividends at It's meeting this
month.
Shelly oil company shares have
been advancing steadily. not only
because the Company's production
In al a record mark and is capable
OF further substantial increase, but
also because IL has been rumorcd
that the shares shortly are to be
listed on the New York stock ex-
change-and IL might be remarked
ihat inc atfairs OF company wish
ing 10 list its stock on tho big
board are subjectcd to tho closes,
possible scrutiny by the board Of
governors OF that organization.
That the purchase OF control OF
the Oklahoma Central oil company
hy the Oklahoma Producing * Re-
inning Corp, Is regarded generally
as an excellent deal for the o. +. A.
X. Is Indicated by tho action OF the
latter company's shares on the ex-
change last week. They were sell
ing at SO ,7-s at the time the deal
was announced and quickly adj
vanced n point and half. closing
the week at . 7-S to e. Further
news favorable TO this company is
expected before many DAYS.
m Refined Market steady.
There recently has been a luli In
the steady advance OF refined prod
ucts, but the market Ia expected
shortly to resume It's upward trend,
With the advent OF spring, both
foreign and domestic buyers who
had confidently expected further re-
cessions In the price OF gasoline and
other products suddenly awakened
TO the realization that their tanks
were empty and that they must fiji
them right away In order to take
care OF the seasonal demand. 90
they rushed into the market aud
drove the price up to somewhere
near the figure that II should be
on tho various grades OF gasoline.
IL was natural that there should be
slight lull and steadiness following
this heavy buying. especially In view
OF tho fact that the unusually long
period OF wet and cool weather de-
layed the season OF heavy motor
travel. Now. however. this situa-
tion has remedied itself Motorists
WIN make up for lost time. And
there VIII be 2 tremendous consump-
tion or gasoline this season. The
April output of motor cars was al
most 30 per cent higher than In
March. while the May total reflected
still further tremendous gain.
~ubricating oils are showing con-
siderable strength. while fuel oil.
which usually Is experiencing an Off
season at this time OF year, Ia hold
ing strong. The coal strike situation
AIDED the fuel oil market consider
amy Users OF power are coming 10
learn that oil has many advantages
over coal as fuel, an witness the
assertion that the Cunard line
steamer Mauretania Will save ap-
proximately $4,000 on each round
trip through the use Of fuel oil. The
time for bunkering has been cut
down from 70 TO IL hours and the
speed OF the ship increased, There
also is material saving In bunker
ing space--and the vessel will not
need painting so often as when coni
was used. In manufacturing plants
the advantages are much the same,
ana IL the oil interests would spend
as much time and money educating
prospective users Of fuel oil as do
the coal interests. the problem that
sometimes arises as to what disposi.
uon TO make of the fuel oil would
be solved.
Avenues of consumption OF refined
products are being cleared rapidly.
Had 1t not been for the flood OF new
production. prices OF both crude ana
renned products would be much
higher than at present. Producers
should take time now and then TO
consider tho fact that there is no
present shortage OF crude. And.
while the reflecting is under way,
mat senate committee that is inves-
tisating the price of gasoline should
consider those many months when
the refineries that were not ca n
pelled to close down absolutely
showed losses practically every
month OF operation.