davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-05-29
His Bonds Suitable

ouestion-Buying bonds Is a busi
ness, since most of my investments are in
real estate loans in Washington. few
weeks ago had $500 per cent loa n
paid off with the sum I bought one $500
Great Northern per cent. one New York
within the principal tried to get $500
United States Rubber. AS have been un-
anle to get the bond In $500 unit ! de-
cided to dispose OF the New York Tele-
phone; add the difference and buy $1,000
United Uni States Rubber. Please tell me il
bonds is: $500 Great Northern ner
cent: $1,000 Bell Telephone Of PennsvI
vana per cent; $1,000 Bethlehem Steel
per cent; $1,000 United States Rubber 5
per cent. Do you consider these bonds
changing the Bell Telephone Of PennsyI
vania for one that cannot be called in.
such a Western Union 6h New York
Edison 6a or Canadian Northern 6I5 -
c. s. w.
Answer-All the bonds you mention
are good investments, in our opinion.
We think your switch from the New
York Telephone IS to United States
Rubber 5s was justified, under the cir
cumstances. There is much to be said
IN favor of change from Bell Tele-
phone of Pennsylvania Is to either
Western Union 61as, 1886, or Canadian
Northern 61as, 1916, we believe, if one
desires greater permanency in his in
vestment. Although the Bell Telephone
pond is high grade, there is the possi-
Dliity OF its being called, which tends
TO restrict its desirability as we'll as
the tendency to appreciate in value.
New-York tribune., 1922-05-29
Inquiries Should Be sirn.d

Inquiries addressed to this depart
ment of The Tribune are regarded as
confidential, but to show the writer's
good faith all should be signed and an
address should be incloscd for reply.
Letters from the following are being
held for identification: V. A., A. H. F..
(Martinsburg, w. Va.), L. H.,
y. =. W., H. w., 2. F. F., G. F. K, J..
y. y W W; y. F., *: Y. H." M. v. B.,
F. r. H., H. L. NJ, Miss L. w., A. P. j..
G. A. j., I. W, R. D. S., H. B. p, A. g.
and B. W.
New-York tribune., 1922-05-29

Questions Of general interest to IN
vcstors wiU be answered tn this col
umn, in which case only in'tinls W,u
be used. Others WiU be ans,rcrcd by
mail. Address oil inquiries. inclos-
ing stamped, addressed envelope, to
Financial Editor. The Tribune, 1b4
Nassau Street. New York City.
New-York tribune., 1922-05-29
Financial Items

Announcement was made yesterday tina,
the plan under which bonds of the Nash
Vile Railway and Light COMPANY. the
Chattanooga Railway and Light and the
Tennessee Power Company will be ex.
changed for cash and securities of the
Tennessee Electric Power COMPANY. a n.u
corporation. has been declared operativs
NO further deposits will be accepted afte,
J. p. m. today. Upon consummation =,
the plan the Tennessee Electric Pnwe,
Company will shortly acquire the phvsica
properties or securities Of these comnanis. :.
New-York tribune., 1922-05-29

Four full columns OF ~
pestnsent questions and an
s,cers .ellI be published y
The Tribune every SUNDAY
and Monday. On other days
one full column sciIl appear.
New-York tribune., 1922-05-29
Island Oil Lacks Credit

question: am a daily reader Of The
Tribune and get much help from reading
your financial advice viii you please
give me account of the present fnan-
cial position of the Island Oil and Trans
port Company? l note that they are in
receivers hands. Are they improving
their financial position or are they liable
to undergo reorganization with an as
sessment on the stock 1t would seem
that with the rising price Of crude OIL
the company should be able to get on its
feet again.-G. l.. J.
Answer-The Island Oil and Trans
port Company is now being operated
by receivers. The company is re-
ported to be solvent, but inability
to secure credit places it in a position
where a reorganization may be needed
New-York tribune., 1922-05-29
Cap and Seal Only a Speculation

Queetion-Could you give me any in
Cap and Seal Company? They are situated
in Long Island City,. J. D.
Answer-United States. Metal Cap
and Seal Company stocks were not at
tractive in the prom otion stage and
are even less desirable now, if that is
possible. They are highly speculative
When this company submits financial
statement showing dividends earned,
it will be time enough to study the
stocks. At present we suggest you
have nothing to do with them.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Oklahoma Citidn Contracts
To DriI Wildcat Wen

PONCA CITY, Jan. 22. Henry
lnEolSemier, one of Kay county's
most extensive landowners. has
closed q contract with I'D. /. Reed
Of Oklahoma city. who will form
drilling company ami ruiuueu,,
operations at once In putting down
a wildcat test in the southwest Of
lO-27-2 east In kildare township.
about 10 miles northeast Of Ponca
city. Gngelkiomer puts I'm 500
acres and retains an so acres in
each quarter section The entire
tract OF acreage assembled totals
1000 acres Reed contracts to start
work on February l6 and have the
rig completed and actual drilling
started on April 16.
Work is being pushed on the wild
cat test OF the Globe oil corpora 70
tion OF Denver, Colo, in 34-2S-2e.
two miles southwest OF New
kirk This block Of leases wac for
merly the property OF the Boston
OH company but was sold during
the past year to the Denver con-
ccrn.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
The Auto Industry

/ tBy h. T.. Grant, secretary National
petroleum Marketers association }
The interest OF the petroleum In.
dustry and the auto industry are
go interviewer that what makes one
prosperous IN certainly good for the
other. n 1920 over 5000. .OO0. 600
gallons of gasoline were produced in
the United states and as about 10
per cent of this was natural gasoline
to be used IN blending # IL prob
able that the total production was
at least five and one-half billion
gallons This Is an Incredible
amount Of one product.
II is remembered that less than
30 years ago gasoline was drug
on the hands of refincrs and an sorts
OF experiments were resortod TO to
get rid Of II inluding the opening n
the bottom valves I'm storage tanks.
Pennsylvania rofiners are still alive
who can remember getting into
trouble through pollution Of the
streams by letting their gasoline
escape, as they had no possible COM
mcrclal outlet FOR Il.
Now the industry seems to be built
around gasoline Just as. in those
days, 1t was built around kerosene
II gasoline has TO carry the burden
Of the industry another year. infor
nation regarding the consumption
through the automotiye industries
will be valuable. According 20 the
bureau Of census the automotive in
dustrY is third among the manu-
featuring industries, and II has been
stated that motor vehicles use 81
per cent OF the total amount OF
petroleum products refined In this
county OF this q per cent. 24.6
per cent II gasoline, the remainder
lubricating oils.
Al the time OF the recent meeting
Of the American Petroleum Institute
m Chicago. President Jordan Of the
Jordan Motor Car company stated In
an address at The meeting that thora
was practically no sign NJ what ls
called "saturatiOn" or the end NJ
the purchasing OF passenger autos
In this country; and he also osil.
mated that In the roursc OF the
natural growth Of transportation the
number Of motor trucks in use
would In time equal the number OF
passenger vehicles,
According 20 recent estimate
there are approximately 10000, 900
motor vehicles ~ all sorts In tho
United States, Of which about 900.
600 are trucks. or the passenger
ars, amounting to about 100000
one-third are owned by farmers, the
remainder being registered In towns
and cities. II Is estimated that the
annual numbers Of passengers car
ried h" motor cars Is about slx bill
lion, According 90 a careful estimate
made by the national auto chambc,
Of commerce the number of carr
produced In the United Sta'es u
1921 was $50 900 Of which 1885.
900 were passenger cars and tA5.
600 were trucks. This is ratha
above the number OF cars required
10 replace those used up IN the
course OF the year. 80 that tho
number Of usable motor cars both
passengers and trucks-~in use In
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Bald nm District.

Briggs Hastings and associates
are drilling at 1900 feet on the No. 2
Osborne In the center of the east
line OF the northeast of the north
west of 21-l5-14.
The Texas company Is drilling at
2,2O0 feet on No. 10 jefferson. in
the northeast corner of the south
west OF the southwest of 22-15-lI.
No. 3 on this tract, In the southwest
corner of 22. is rigging up.
The Carter oil company Is drilling
at 2,100 feet on No. Wright in
the center OF tho southwest of the
southwest OF 2B-16-14.
j. lt Mallondick is putting up a
rig for No Roberts iu the north
west corner Of the northeast Of the
southwest of 32-16-14.
The Texas company Is down 2.l00
feet on No. 2 Mcintosh In the cen-
ter OF the west line of the north
west Of the northeast OF l-l5-14.
IcGoye and others have rig up
for No. Aldrich ia the northwest
corner Of the southwest Of the
southwest OF 30-15-lj.
w. a. SOmmervillo has a rig on
the ground from No. ] jefferson, in
the southeast corner OF the north
east of 34.l5-l5, No. Brown Is
drilling at ] 1,320 feet and is I'm the
southwest OF the northwest Of
35-lJ-l5.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
POnca City Man
Sued in Oil Case

PONCA CITY. Jan. ga. d.
Harris, wealthy landowner here.
and A. II. Shrlver. real estate d ealer,
are made the defendants in suit,
lust inaugurated at Bartlosville by
w. ID. Reynolds, secretary of the
Kansas Usage Petroleum company
with holding In the eastern Usage.
something over n year ago. on rep
resentations by Shriver. action was
started against Reynolds by Shriver.
and as a result Harris was named
receiver for the Kansas -Osage com
pany. Reynolds won out I'm this
action and Is now suing Harris and
Shriver for $4,000 damages alleged
to have been done in the company.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

The Story oil & Gas Co. Is shut
down at 2,13O feet on No. l Fulson
In the southeast corner OF tho
northwest OF the southwest of l2'
1915.
King Brothers g. johnson are
drilling at $40 feet on No. Weaver
I'm the southwest corner OF the north
east OF l0-l3-l6,
IIazlett and associates have start,
ed spuddiug on No. Barnett In tho
center of the northeast of the south
east Of 7-l3.l5; No, 2 Freeman IN
this same section II plugging back
at 2.Sl2 feet. Their No { BrunoI
in the northwest corner OF .S-13-lt
Is spudding.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

Mum brothers are mudding on
100000 feet OF gas encountered In
the 1871 10 l,G26-fOot pay IN No.
Usage, i'm the center OF the east lin,
Of the west half nf the east half OF
the northeast Of 2S-2O-l2.
The Concord on company Is drill,
ing at 1000 feet on No. 10 I'm the
northwest Of the northwest Of 30
Fila
The Glover oil company has skid.
dcd the rig ana shut down on No. !
IN the southwest corner OF IN,
northwest of the southwest ~ the
northeast Of 6-2I-12,
The Bruu,r on cOmpany's 80 %
ln the southwest Of the northeast Of
29-2l-l2, is rigging up 10 spud.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
At Jennings

Rurtou & Grlffiths well ON the
Hicks fec In the northwest uf 80
2O-S was shot last Saturday In a
sand found at 2,65S feet. and started
or flowing about 75 barrels They
nave a million feet OF gas IN the
well
Black a Preslyn are putting a rig
on the ground for test on the north
so OF the Hicks fec iu the northwest
OF 3O-20-S. This location Is Just
north OF Burton a GritNth's we'll.
Smith n Dwire have a showing for
n well on the Brown fee In the south
east OF the northeast OF the northeast
OF 25-2O-7 in the skinner sand found
at 2,515 feet u viii be shot Friday
with q small shot.
The Prairie we'll on the Rcigle foe
| In the northeast Of 27-2O-7 cascd
| Friday morning ON top Of the Bar
tlcsville sand and will drill in at
once
Ora stoen and others are spudding
their No. ! In the northwest OF 22-
2O-I Cowan estate.
Markham n Shoenfclt are spud-
ding In their No. ! I'm the northwest
/ OF 3l-2O-S. John Hogan estate
John Grlcvos. who put the now
Jennings pool on the map two years
ago, has come back TO Oklahoma and
/ IS moving out a rig for test IN
/ the northeast OF 36-21-7, Peck
/ school land.
Tho Turner Investment company
I is drilling at $50 feet In their no I
= In tho northwest Of tho southwest
/ of 3-2U-7.
The League oil company Is drill
/ ing ut 2.720 feet i'm their No. I'm
! tho northeast uc 1i-2O-7, l.. \. whit
| ten foe.
The Prairie has It's rig ON the
I northwest OF lg-2O-7. 6. tlagler fee,
| land is waiting for rig builders
Tu'l and others are drilling at
| 400 foct In their 40. In the mort n
! half Of the southwest OF 1881
Markham ~ Shoenfclt are drill
/ ing at 1850 fect In their 80. In
| the northwest uf the northeast Of g.
! 1871. johnson allotment Jennings
/ News
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
McMann oil Company Enters
Northern Oklahoma Field

=, PoNCA CITY, Jan. 22.-The Nc
Mann Oil company is the latest Of
,ne big operating concerns to enter
me northern oklahoma field. and IL
Is doing so by acquiring acreage in
the various districts were develop
ment Is now going on or Is sched-
uled ia start when spring opens. At
we present tirle there are between
lhlfty and forty geologists. scouts
ana lease men, representing outside
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

The Midwest 4 Gulf OH Corp. is
drilling at sans feet on No Pigeon
in the contcr of the south line OF tho
southeast of the southeast OF 2-1O-p
The Preferred oil corporation is
shut down al 1880 feet on No
Rose Caroline. I'm the center OF the
southeast OF the northeast Of IL
8-9
Rudd and associates are drilling
at 600 feet ON MOL Scwoll, In the
northeast corner Of l7-9-S
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Production for 1921 Exceeds
1920 by $1,000 900 Barrels

HOUSTON, Texas. Jan. 22.--Total
production OF oil in tho United
States reached 474.s5s.216 barrels
in 1921. with California leading
other states. its total being ll4.2G7,-
900 barrels. according to tho rrth
annual statistical edition Of tho OIL
Weekly, published January q. The
issue is looked upon as an authority
on oil production.
Texas came second IN the produc-
ing column, 1ll,9G9,575 barrels
Oklahoma was a close third with
1,256,160 barrels other big
states were Kansas. 34312.5S6 bar
rels; Louisiana, 27,S14,3SO barrels,
and Arkansas. the newest state In
the oil producing column. with TO-
G45,415 barrels.
Aside from the statistics COM
piled especially for this edition, the
Issue carries articles and data on the
petroleum industry. There are tech
nical articles on both production and
refining. Fields OF foreign coun-
tries are given considerable space. II
carries list OF the refining plants
OF the United States with their daily
capacities; also a list of the natural
gasoline plants of oklahoma and
Kansas.
one OF the features of the issue is
thumbnail history of the Fields OF
the United States. In this the scores
'of fields are treated i'm one or two
paragraphs, the date OF discovery
period Of peak production and total
production being given In each in
stance. 1t Is said to be the first cf-
fort to compile such n history.
Total production for 1921 exceeds
that for 1920 by more than 1000
900 barrels. as the total shown in
the fourth issue of the publication
was 443.402,000 barrels. The ban
ner month for 1921 was December
with a total of nearly II 900 900 bar
rels
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
or Market ouotat,on.
Confident Of Justice of Cause
and Sure of Final Success

y. NJ. Miskell. general manager of
iDe Empire Rofineries, In back from
o. tWo-weeks trip in the east aud
says That, I'VE were never bcttc,
equipped 20 show the facts and IN
demand square deal, than yyo viii
he at the hearing before the inter
state commerce commission ON Tch.
ruary II. IL is to show the facts
ana the situation will absolutely dc.
ulanu remedy. and we are conn.
ucnuy counting on a square deal"
Mr.. Miskell Is thoroughly aroused
to the necessity Of better rates. and
well ho may be. as according ia tbe
new tariffs, the Tulsa reflners and
every other refiner in goup 2. are
carrying an additional handlcap and
cannot possibly stand for IL for anv
longer There has been a read inst.
ment OF freight rates as evorybodv
knows, and this freight rate in
ceased the charges on gasoline from
Tulsa to Plttsburg and Buffalo, rs
cents hundred pounds. while only
addlhg cents to the rate from Whit
ing, Ind. to the same points.
This gives the big refinery al
Whiting an additional ADVANTAGE
which figures out S63.3i per car of
1000 gallons, and 1t brings to mind
very forcibly the statement made at
= conference in Washington iust be
tore the hearing wherein the inter
STATE commerce commission was 10
decide the question of a flat rate per
hundred pounds on long hauls asjs ed
FOR by the western refiners. and This
nina you, by a pipe line attorney
who said I'VE don't care how high
the rates are made, Just so they are
made on percentage basis" And
now since this long year and a half
mas intervened without any sort of
relef TO the western refiner IL is
about time that something was sc-
'ompushed. And Mr.. Miskell is the
right man to nut IL over
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

down At 2.lO5 feet on No. rs cato,
I'm the center ot the south limo ot the
southwest of the northwest OF 20
ig-11
Hut 4 HUT are drilling at 600
feet ON No. smith. IN the southeast
corner OF the northeast Of the south
east nf 17-1Q-11
The Dominion on cumpany's No.
Z Smith In the center of the north
line OF the northwest OF tho south
west ot t6-t9-ll Is dry and plugged
at 1900 feet.
Barton and associates are drilling
at goo feet on No. Island, I'm tho
22-1g-lO.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

companies that are working out Of
Ponca city.
Tom Slick, Cosden. the Gypsy, the
koNanna, the Prairie and the Sin
clalr are among other big operating
concerns TO secure acreage throus h
out this district, and these viii ali
Join in the drilling campaign that
is TO open in the near future.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

Diamond and associates arc shut
down at lo25 feet on No. I wash
ingtou. at the center OF the south
cHst ot lG.S.S
The shawnee Wcwokh oil COM
panya test ON the townslte In the
southwest ut tho northeast OF Il-
as is a rig up,
r II. smith and associntcs have
"A rig going up for No. / Carol,n,.
900 The southeast corner Of the nurth-
west of 23-7-7.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Most Important Wildcat Nou
Drilling in the Usage

PONCA CITY. Jan. s2.-The tes,
now being drilled by the G. b. Peters
on company Of Tulsa I'm southeas,
S-27-6e, in the western Osage. is con
sidered by operators generally to b.
the most important wildcat drilling
IN all Usage county at the present
time. 1t is now drilling at about
l,2OO feet. Both the Comar oil
company and the Producers Refin-
ing company are putting a consider
aole acreage into the proposition Ia
get thorough test of that area.
This test Is about three and one
half miles north Of the producinp
Hickman field In the western Usage
and 1t is supposed to be located on
structure. This is approximatel,
seven miles south OF Grainola and
seven and a half southwest of Fora
ker.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Bliss to Have Natural Gas.

PONCA CITY. Jan. 22.--Plan.
are being completed at Bliss. which
IL undergoing the process of chang
ing It's name to Marland, to lay the
necessary lines and pipe natural gas
10 the town from the Bliss-Tunka-
wa OIL pool. seven miles to the west.
The field ~ now producing some
thing over 100,0O0,000 cubic feet OF
gas daily. 1t IL understood here
mat the Kay County Gas company
will supply Bliss.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

Charles Page has completed "a
1000. 900 foot gasscr in the l,726 to
l.7So-foot sNnd In No. Partridge.
ln the northeast corner OF the south
east Of the southwest OF 5-lg-12.
Mayer and associates are shut
down at 1000 feet with a light show
of oil In No. I Galbrcath, I'm the
southwest corner Of the northcl8t
OF 22-l1-l3.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
sand Springs.

Hayden and associates have 30
barrels Of OH and 80 barrels OF wa
ter I'm their No. / Pcrryman in the
southwest corner Of the northwest OF
19-l1.
The cato oil company is shut
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Geologlsts sin Working An o,oo

PONCA CITY, Jan. 22.-Geolo-
gists have been buster in the Otoe
indian country. the northern bound
ary OF which is 12 miles south OF
ms city, than in any other portion
or the northern oklahoma field dur
ing the past few months, and they
are still at work in some localities
there. Practically all the big con
Germs have acquired acreage at one
point or another i'm the Otoe. and
me demand Tor leases I'm territories
where there are to be tests drilled
Is still heavier than the supply.
Biologists have been working, the
past week, in the district between
Morrison and Sumner.
In some OF the localities. where
there has been no development
whatever, excepting that done by
biologists, the price OF leases has
gone up to $40 an acre, and It r.
understood that even fancier fig.
ure Is being paid for truly inside
stuif. Indications are that the Otoc
VIII see the greater development If
any section OF this state, when
spring opens.
The initial producer in that en-
'iFe district was the old Vandeven-
Ter well, just south OF Morrison,
which was drilled IN several yeara
ago, oil was found and there were
several flows made by the we'll. bu'
inc quality was held not sufficient
and the test was plugged and
abandoned. However, that test did
much to attract attention to the
Otoe.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Southeast of Wclcctlxn

". G. Newman is drilling at 1850
feet on No. in tho center of the
west line Of the southwest OF the
southeast Of 1-Sn-l2c.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

The Eureka on n Gas co. ia drill-
ing at 400 feet on No. 2 Self. IN the
northeast coreur of the northwest of
the southwest Of 3G-17-12
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

The Miuco oil company's No
solman, In tho southwest corner o.
the southwest OF 22-11-9e, is drilling
at 2.426 feet,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23
Deepening Process at Deer Creek

PONCA CITY, Jan. 22.-The
western states oil company which
opened the Deer Greek field OF east
ern Grant county. has Joined the
lisl OF companies that is deepening
their wells to the 2,9OO-foot sand
Where production is anticipated In
paying quantities. The Western
states No. Lane, where a fishing
lob has Just been completed, is start
ing an Sinh hole to send this test
on down to the deep sand.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

so that his partner. tho Pure OIL
COMPANY may realize Handsomely
on its Investment.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-23

Dr. +. @. Murray has moved from
Thomas, Okla, to Suite 6O3 New
Daniel Bldg. Tulsa, Okla --Adyer-
tispmenf