The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-12
TULSA DAILY WORLD, THURSDAY, OCTOBER 12, 1922


and 20 tractor dItchers 10 lay the
/ pipe from Salt Creek t. Kansas.
report from Tulea eaid the Mammoth
on company has brought In another
| big gsuaher In the Teapot dome
lease IN Wyoming, which Is bigger
/ than the well reported good for 10
| 600 20 10000 barrels few days ago.
! Directors OF the Vacuum OIL COM
| pnny, ono ~ the Standard Oh group
today declined an extra dividend ~
lt7 "a share and the regular setniau-
lnual dividend Of SO n share. Win
dividends just declared, payments
this year vii total tl6 a share.
Standard on stocks on the curb
had an early rally, "a break, ana a.
New York new t2j par value stock
sold AT Bits 10 ga. standard on of
Indlann broke points 20 l26 p.
Vacuum on sold down 16 points TO
lG4S after an early rise 90 $50.
a reduction Of 2 cents gallon In
1.-The price " gasoline by the standard
Ion company ~ Indiana, which was
met by other companies In that ter
ritory. seems 20 indicate that con-
sumption is not keeping up with the
large current production.
Reports that directors ~ the
vacuum Oil company would an
lnouncc q big stock dividend AZ yes
ltcrdsy's meeting were not borne out
Iby the action taken but the board
Idld declare an extra cash dividend
lof 81 % share in addition 20 the rcgu-
lar aot1ianuual payment nf - q
share. A year ago the company PAID
So share extra ana six months ago
IS3 n share extra. Payments this year
viii total tt6 "a share. The company
is one OF the strongest OF the stand
lard OH group with a profit and loss
lmrplus ~ more than sixty million
ldollars compared with only $4,000
600 capital stock.
A decline In White OIL shares yos-
ltCrday OF "a pointe WIS not justified
by any unfavorable turn In the ot-
lfalrH OF the company 20 y. ]. white,
president, who said. There is no
development In affairs OF company
TO warrant break In the stock, II
was apparently brought about by the
lllWdntion Of some interest. The
company IL drilling wells on It's
properties and making good progress
In every department Of ita activity.
Dow Jones save: Rumanlan gov
crnmont warns land proprietora In
oil districts against selling conces-
sions a. being contrary 10 national
interests.
NEW YORK.-Buylng OF Mexican
Petroleum was based on expectation
Of an extra dividend which specula
! tive reports placed nee high a. S2j
In cash md 20 per cent In stock
Entirely aside from lifc ~ Mexican
|un fields lf Is obvious present
D. enormous rate ot earnings entities
stockholders 20 an extra payment OF
some sort.
NEW YORK Stock Of Sinclair
recovered slightly from recent sell.
ing based on belief new preferred
stock Issue IA being offered 10 publlr
for subscription. Preferred stock
offered is not new stock obtained
through conversion OF IA per cent
notes. Sinclair not only has S7O,'
900 900 cash on hand, but In con
, junction with Standard oil COMPANY
of Indiana has IN storage something
, Hike $4,000. 900 barrels crude oil. q
I large percentage OF which was pur'
. chased at lower prices than has pre-
= vailed over laet three or foui
= months,
NEW YORE.--In connection Will
: advance Of Mountain prodscers and
: salt Creek producers on the curb. !
! is rumorcd that In view OF larg'
/, cash surplus of these companies tha
u special developments are pending
d. Whether these reported develop
. ments will take shape OF stock divi
@ dends or an Increase In cash divi
% dcnds liz not known. II Ia believe,
q next quarterly dividend on Mountain
a producers will ho increased 10 1
o per cent annually compared with
e per cent nt present.
Tho market today was very or
Iratic. standard Oils sold oil iron
the top prices because there was M
p action taken on the stock dividcn,
y as expected during the day. None
was n shadc easier, Actual new
, was limited and unlmportant.