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

NEW YORK. oct. o.-fn connec-
tlou with activity aud strength In
Texas company stock the financial
district hears talk of important de-
vriopmonts pending In connection
. with Texas and another large oil
company Banking houses say much
of the buying I'm stock Friday ana
Saturday when over 10000 shares
were traded in. was for important
people From financial and trade
point ~ view, Texas company has
| never been with complete unit fits In
with IT, domestic marketing opera
! tons aud should largely Increase iis
! profits from operations in that dis
trirt Earnings for 1929 will be FAR
above those of last year In imam
I ,isi position, TvsHs company iH bct-
ter than most companies.
Mammoth oil company which has
| 2.O05,OOO shares OF no par value
was listed on New York curb today
starting et i2h Wta.
Developments since first Of year
/ have greatly strengthened physical
] and financial structure OF Sinclair
Cons Oh company al entirely new
| situation has been created and COM
| pany occuples "A phenomenal posi-
| tion IN history OF corporation pro-
| greEs Interest has been conferred
In Teapot dome which II. r, sim
clairs Mammoth on company is do
vcioping for u. q. navy
shoarson Hammil selling Texas
| company on scale up.
Dow Jones says Sinclair current
| earnings would Justify an Increase
In common dividend next year.
| There has been considerable buying
OF stocks ON this theory. Net earn
inEs before interest ANA depreciation
In first half i922 were approximate
~ Slg,60O,000 Estimates place sim
clair's cash on hand at &gO,00O,000,
due 10 fact that ~ per cent bondt
will he converted into preferred and
common stock bonds are selling at
10 and cnllable at 90. Operation
or Teapot dome vii al largely 10
earning power OF sinclair, lncreas'
cd earnings also expected from com
pany's foreign fields OF production
and distribution Recently Interest;
closely Identified with company hav,
been heaviest buyers OF Sinclair
common.
NEW YORK. oct. Mammoth
OH IL an unknown quantity as ye
but some promoters believe To b'
one OF greatcst oil properties in th'
world Hs understand, Slnclai
holds bi per cent ana standard Oi
| Indiana 90 per cent and are prepar
ing to spend s25.0OO0O0 for pipe
- limo from wells TO Kansas city
, Either It's big proposition or som
OF best oil men In business hav
! hecn fooled.
I NEW YORK. oct. 9--Deolara
7 ilou OF i0O-per cent stock dividen'
T by National Fuel Gas company
81 expected to be made shortly. Com
b pany ia owned by standard Oi
b money although II ia not directly
% subsidiary.
= NEW YORK. oct. .. General AE
phalt Ia reported to he bought TO
- account Of important oil INTEREST,"
/. In this connection runOrs have bee
/. | current that this concern may 500
4 dispose of iIa South American q
"A equities oithCr 20 large American d
European interests,
It's reported that tho demand q
the road construction matori'
made by this company has bee
steadily expanding during the cul
ltnl AfdlH
Ry It's exceptional strength an
activity around highest levels OF IN
4. year. United Fruit stock is reporto
i from well informed quarters TO
rejecting aaml-inyestment a
=, cumulation for important intcre
- | which are expecting a materil
~ elevation above current lovels a
,e account OF Increasing earnings 10
=. lowing Improvement In tho Sug,
J, situation, valuable oil interests All
u general business revival.
'e NEW YORK. oct, An advan,
OF more than 500 a share TO 667
r Vacuum leads TO belief that az
,t nounccment will he made shortly n
III gardiug recapitallzation of cOmpan
'c Directors meet Tuesday and IL
n believed readjustmcnt will FOLLOW Il
'c Tines ct standard OH. New Nor
effect OF which TO split shares II 4
4, through the medium OF 2Oo-P'
cent stock dividend ana reduction
par value from $40 to s25,
NJ Closing Stock letter, October y, 10;
AZ Another day OF excitement
- high priced stocks today. so y