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Show of first mortgage bonds in the hands of the public of $298,000. Purchase money obligations were reduced by $14,000. Capital Cap-ital stock outstanding amounts to $43,-571,000 $43,-571,000 and surplus and operating reserve $22.8.00,000. The quantity of crude oil In storage June 30 was approximately 10,750,000 net barrels, and including stocks reported through this agency 11,850.000 of a total in storage in the state of about 29,000,000 barrels. Regular quarterly dividend of $1.50 a share with an extra dividend of $1. a share were declared, payable July 22 to stock of record of July 10. PROFITS SlOi Br ill OIL REPOBT1 i The most wonderful half year In its history Is chronicled by the president and executive officers of Union Oil company in its statement for the six months ended June 30, according to the San Francisco Chronicle. The report shows that total profits were 36 per cent greater and net profits 25 per cent greater than for the corresponding period of 1918 and that the financial position of the company has been greatly strengthened In the first half of the present year. The total profits prof-its before depreciation amounted to $7.-900,000, $7.-900,000, as compared with $6,450,000 for the same period of last year, an increase of $1,450,000. Provision for depreciation, depletion, labor and incidental cost of new drilling was $2,400,000, against $1,-900.000, $1,-900.000, an increase of $500,000, and profits subject to federal income and excess J profits taxes, $5,500,000, as compared with $4,550,000. an Increase over the 1918 period pe-riod of $950,000. I The reports of President W. L. Stewart Stew-art and Comptroller R. D. Mathews gave the total of crude oil production for the period by the company, and controlled companies, as 4,030.000 net barrels, a decrease de-crease of 100.000 barrels. The well on the Chapman ranch was reported to be flowing flow-ing at the rate of 4000 barrels dally. The company is now drilling two wells In the Lusk dome, Wyoming, and three wells In the Texas fields. Work has been begun on the properties in Mexico. Sales for the six ' months aggregate $25,400,000. an increase in value of $3,-300.000, $3,-300.000, or 2G" per rent. Capital expenditures expendi-tures were $2,650,000. chiefly cost of new drilling and plant additions. The new refinery at Los Angeles harbor is reported report-ed ;is now in operation, the first run having been made June 25. Current assets are $25,800,000, an increase in-crease over December 31 of SM50.000, and strung cash reserves are reported with current assets over 6 to J of current liabilities. lia-bilities. Current liabilities are reported at $3,950,000, or $1000 less than at the end of 191S. During the past six months there has been a decrease in the amount |