The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-27

MED reports published IN the nnnn-
cial district that the directors have
arranged 20 distribute a 100 per cent
stock dividend The reports named
the company as belonging to the
Standard on group. In this coancc-
uon' Judge pointed out that 10
had not been Identified with that
group Since 1859. The compauy's
statement for the year ended De
Cember 81 last ehnwed "A profit ana
loss surplus Of x1T.bUS. 900 equal To-
SOS "a share ON the $lA,500,OOO stock
outstanding on that date the book
valuo OF the stock was placed az
Sl95 share.
standard oil followers seem to DE
very confident regarding favorable
developments that VIII benefit the
domestic oil list.
Casper Mammoth OH company
owned by Sinclair interests, is has
tcniuE completion ot tlukuEc o. test
production found ot $50 feet in It's
well ON 25-29-7S Teapot field. with
deeper drilling into tho sand wrll
showing signs OF iucrcHsod pIuduc-
ton and a tost will bee made before
drilling deeper Other tests are near
ing wall creek sand ana soon Will
be drilled in, decision reached az 90
salt creek drilling operations viii ion
no wise affect teapot, according 90
those present at the conference.
Teapot field was not mentioned at
the meeting, as plans for operating
this district were drawn 10y interior
department when dtiliug contract
with Mammoth oil company was
made.
Texas company officials state
there IS no truth 10 published Zee
port OF a merger which would place
Tidewater oil, Fousland and ono
other unnamed organization under
control of the Texas company 30
such developments are contemplated.
Gulf OIL has completed Amatlon
well No. 30, lot 190 for 1000 barrels
sub-sedieyci 1870 feet.
Texas company expansion IN
Wyoming is progressing with now
refinery construction. going ahead
rapidly. Pipeline in which company
Is Interested has been completed be-
tween Salt Creek field and Casper,
site OF the new plant, In another
month required pump stationH and
storage tanks at Casper should be
completed and oil started through
the line which has a capacity for
between $4,000 and 1900 barrels
daily, Refinery Is expected TO start
operating about close OF the year.
NEW YORK--Ventura Consoli-
dated OIL Fields declared regular
quarterly 80 cent dividend payable
November /, record october IA. This
viii make 81 a share which has
been paid in 1922.
Il. l. Doheny. chairman Of the
board OF directors OF the Mexican
Petroleum company Ia expected 10
arrive In New York from California
October 3 and 10 - intimatcd that
a special announcement Of some sort
viii be made ~ HIN Oh arrival.
Company has approximately $780,
600, 900 cash on hand at present and
cash fund is increasing rapidly as
sales of gasoline and fuel oil con-
tinue in record volume. Tho COM
pany Is delivering 125,000 barrels
OF oil u day to its Tamplco refinery
which is the capacity OF the pipe
line and refining equipment. The
cash position OF the company at the
present time indicates funds in eX-
cess OF its business requirements and
Il Is expected that the coming an
nouncement will have TO do with
this phase OF It's affairs.
Regular dividend was today de-
clared on Chicago Pneumatic Tool.
New England Fuel oil declared reg
ular dividend Of pee cent payable
| October II to stock OF record Sep-
! tomber 27. St. Joe Lead company de-
clared regular quarterly dividend OF
| 25 cents and an extra dividend Of
! % cents. both payable December
| 20 TO stock Of record December 9.
| American Realty declared regular
| quarterly per cent dividend paya-
! BILE october Is stock OF record Oc'o-
/ Der /. American Ice directors meet
| at $3.50 p, m. today TO act on diyi-
I dend Nippissing Mines declared an
extra dividend OF per cent. Domcs
| Mines declared regular dividend of
| so cents payable october 26 TO stock
| OF record October 26. United states
| Smelling 81 Refining GO. declared
regular quarterly dividend Of 81 IL
/ cents per share payable October II
70 stock OF record October o.