The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-20
Ticker Done

annual report proposes dividend OF
81 per cent. Profit OF company In
1921 amounted to 10409S,l7s gull
dcrs against l29.450.36i guilders in
1890. A guildor at par equals 20
cents. New account opened with
balance I'm favor of company or l.
16S,573 Euldcrs.
Production OF Corona company In
Mexico in 1921 was three times that
OF 1920. All stories about separate
agreements concluded by Royal
Dutch with Soviet Russia are strong
iy denied.
NEW YORK, June 1o.-Gasoline
stocks at refinerics decreased In
May according to preliminary fig
ures OF American Petroleum insti-
tute. Stocks declined over 5,0O0,-
600 gallons at reiineries reporting
and which represented 90 per cent
of operating capacity of plants In
| United States.
Normally May Ia the month In
| which refined oil stocks are drawn
upon TO meet consumption In excess
| OF production. However, last year
drain on stocks did not occur until
| June. In first four months OF l922
approximately 320,000,000 gallons
gasoline were added t. storage but
| ht current rate VI tbllhulllDhlOll Ai''S
| will be greatly decreased further
| during ensuing summer season.
| Indicated consumption In first four
months this year. including exports
were nearly 100000 gallons n day
| greater than 1921. Thus while gaso-
| line stocks on May / this year were
| about S02 million gallons. or 145
million greater than same 1921 date,
they represented but 60 days sup
ply based on April consumption and
exports this year against 81 days
| supply for smaller amount OF stocks
May last year based on April cop-
sumption last year.
Coincident with establishment OF
n premium OF 1-32 per cent on Mexi-
can petroleum which IL first time
in many months that borrowers nave
had TO pay for privilege OF obtaining
shares, Mexican Petroleum made
now 1929 high. Heavy turnover and
rapid advance in stock are reflection
OF apparent hurried covering by ar
extensive short interest. while
company's annual report for 1922
will make n showing OF better thar
S25 "a share. current monthly earn
ings are I'm excess OF that annua
rate. Producing between 5,0OO,OO'
and 5000, 900 barrels n month ant
getting 81 a barrel for Its oil II
place of so cents n barrel yea
or so ago Mexican Petroleum earn
ings are today probably larger thal
any other time In its history. Com
; pany's cash position because OF larg
volume OF business being handle'
at good prices, is stronger than ever
= NEW YORK-Marland OIL com
> many completed De Noya NO,
! well I'm south section 1865 BurbanI
l district of oklahoma with natura
| flow 1000 barrels at 1900 feet, AIS
No. 4. lb-24-l, Tonkawa district O
r oklahoma with 500 barrels inlua
, drilled 10 top of the sand. This ex
! tends 1900 feet, producing leVt
! OF one-haif mile TO the east.
I Gulf Coast LubricatlnG oils hav
3 been advanced l and . cents sal
] lon depending on the grade.
I NEUTRALITY-SUSPICIOUS. d. Har
- yey. paymaster OF an American O
70 company was murdered by bandit
= miles from Tampico on June
I state department advised.
Y FRANKLIN. Pa juno 80
n production in north central Tex'
8 last week Increased s,927 barre
60 daily. North Louisiana and Arkanst
2 made 10000 daily, decrease o.,
? Nexia Texas production was 7Hlt
I daily against ss.S15 preceding wee