The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-14
Ticker Done

Mason Day. president Bhluhdhll
corporation arrived on tho olympic
after n trip ~ three and ono half
months 10 Russia.
During thR time he obtained an
foii concession In Baku field from
soviet government llo said ~
have obtained 400 acres I'm Ballu oil
field for international Bdrnsdnll
corporation, This acreage is a.
minimum bon this territory. More
Will Doe acquired n needed. by an
agreement signed with soviet gov.
eminent. ho VIII supply technical
executive board but Russians will
supply nll unskllcd labor. For
such machinery as is shipped Tor
development Of new area Russians
viii either make advances In gold
cor In raw materials which will DO
acceptable Co US"
IA compensation for services OF
our engineers executive STAFF, etc.
our corporation will receive an
ducts" Day stated that Ht the
ducts" Mr.. Day stated that at the
Time he went To Moscow. British
government had 80 trade commits
sioners there and French 20 at
tempting TO negotiate oil conccs-
sions. lie added II did not want
an uut-and-out concession, | wanted
a cOntractory concession to drill and
operate the fields and that is what
go. We expect To ship machinery
In about six months to Bnku and
production win begin as soon attor
as is practicable"
standard OIL of Ohio declared
regnlnr quarterly dividend Of 1i,7S
on preferred payable December /,
record October a.
NEW YORK, oct. 13.--Magnolin
Pete brought oil field holdings OF
R, O, Harvey aud l.. II, Cullum OF
wichita Valls Tor E2.5O0.0oO cash.
STANDARD n. i, has reduced gaso-
linS one cent gallon throughout
It's >rritory.
KANSAS CITY. Mo-, oct. IS.---
White Eagle completed their
Tunknwa No. 4, making 76O barrels
per day. No. 2 down 1000 feet this
lease very promising.
NEW YORK, Oct. l9,--Thoro IS
steady accumulation OF Anglo
American oil by standard OIL In
tcreM Angln-American ia standard
Oh marketing organization In
United Kingdom controlling larger
share of business there. Rolu ions
between Anglo-American and stan
dard on company OF New Jersey
are close and recent activity OF
Standard on of New Jersey officials
in London believed 10 have direct
bearing on affairs OF Anglo
American. sales or Anglo Ameri-
san have shown constant improve
ment, Company is rapidly retiring
its outstanding bonds ana II Is felt
next dividend on stock win he in
creased from 10 TO rs per cent
New England Fuel completed
pa2zi No. in san Manuel field for
500 barrels, at 1855 feet,
NEW YORK, oct. i3.--W. Q,
Toagle, president standard oil of
New Jersey ana q party OF Standard
uil officials are In wyoming To
those familiar with the situation
this trip In not surprising hvvausu
ever since Sieclnir interests through
Mammoth on company started Ia
develop Teapot dome there has been
steady procession Of prominent oil
men to Wyoming.
Teapot believed By many to be
greatest individual reserve In the
United states, II not I'm the world.
and w.h salt Crock production on
tho increase Il IL easily conceived
that center ot petroleum production
may shit from Continent Ca
wyoming.
Construction OF sinclair pipeline
connecting wyoming with central
ana eastern channels will assure
Sinclair for an time ample supply
OF high grade oil.
Steel taukage is being rushed "a
completion and enough is said 10 b,
ready To receive the oil as produced
Regular quarterly 2 per cent
dividend sinclair preferred. N1yem.
Der 80 ANA November 10.
Closing stock letter, oct. ~, 1879
Tuduya stock market was erratlr
Standard oils weak, Mexican oils
strong Can stocks were features
showing good advances. General
news was lacking, money was easier
The feeling With traders seems to