The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-28
TiCkGr Dare

WASllI\GTON- Mexican bandits
seized property of the Cutirl oil
company an American concern near
IdWpiro ana are holding for ran
som. 40 American citizens and $3.50
900 of the property with the time
llWit set for payment of tho ransom
oI IS hours, according to iuforma-
ton received today by the state de-
partment.
PlTTSBURGH-As high rs 70
cents premium Is being paid on
Pennsylvania crude OIL.
stock exchange admitted 10 list
Sinclair OH per cent cumulative
sinking fund preferred stock.
white Eagle sales for May. 1922.
$lAOl6OO, ns against SS72,5O3 for
May 1921, an Increase OF GO per cent.
Coming months should show similar
increase over east year. The earn
ings FOR 1922 viii he an agreeable
surprise TO stockholders.
Regular monthly dividend Of 50
cents. Mexican Seaboard. July, 20
and 10.
Sinclair Consolidated OIL company
has advanced prices OF tank wagon
gasoline and Kerosene ! cent "a gal
Ion, effective today, throughout its
territory
There seems to be conviction In
the minds Of oil interests OF great
Influence that II the coal shortage.
which Is now beginning to appear
as result OF the strike, shall be-
come serious In the next few weeks,
a large buying Of oil for fuel will
take place and the shares Of COM
! plnies which cater to that demand
Will be advanced to higher levels.
Announcement Is made that tho
| Sinclair Consolidated CORPORATION
| has Just brought I'm its Jackson No.
well, Demon Mound, which is the
| first producing woll on the east side
OF tho dome. This apparently proves
| up Slnclalr's acreage between this
well and the present line Of produc-
tion, solid block extending about
! ] y miles in addition 10 scattered
/ holdings north and south officials
| say Tho new well is 2.9S3 feet
deep with an initial flow OF 1874 bar
rclS when Is feet in the sand.
! Ventura Consolidated oil fields de.
| cl1red regular quarterly dividend of
| so cents and an extra so cents. both
/ payable August l, stock record July
no.
Standard OIL OF Indiana has met
/ the sinclair advance OF gasoline In
IAN OF its territory outside OF Greater
Kansas city, where Indiana com.
pany advanced Kerosene an addition
al 3-lO cent gallon. That advance
has been met by Sinclair.
CHTCAGO-The Texas company
will meet Sinclair advance in gaso-
line.
Well drilled last week by Mutual
ON company to second sand in Cat
ICrcok. Mont, and which was flowing
1000 barrels has been drilled several
teot deeper into the sand with result
Flow has increased to 5000 barrels
Second sand ls around 1910 feet.
Directors Of Mexican Seahoard OF
company have voted TO increase rate
of retirement Of company per cent
debt bond from Si,0OU.OO0 monthly
TO Sl,50O,000. These bonds will bt
paid Off July so. leaving $1,000. .O0C
outstanding OF an original issue ot
| Si", iVNs''' retirement OF NltgOV,U ,UVl
has been arranged for out Of earn.
irgs SO far this year. Directors alsc
declared regular monthly dividend OF
so cents payable July20, stock rec,
ord July 10.
ROSTON-Unlted states Smelling
Refining and Mining company, de.
clared regular quarterly s7ia cents
preferred dividend payable July 10
stock record July 6.
Consumption OF domestic and i'm,
ported crude oil, according 10 pre-,
ltminarv statistics OF geological sur,
vey totalsd 49,b7o,O0 barrels In
May, largest consumption for any
month since 1920. Consumption II
April this year was 42,OaS,0OO ant
In May 1921, 42.4o3,O00 barrels
Crude oil production In MAY was as
$4,000 barrels against 44,635,0 600 il
April.
Brett Wen Making 2f0
Barrels Natural on Third
Birthday
! pDNrA CIrY T,,pc 81 III,