Salt Lake Telegram | 1920-02-02 | Page 10 | Anomaly in Stock Trading

in in Stock T Trading B By Ira Ir C. C Tichenor Ti j E of the most peculiar circumstances es th that t might be imagined d in connection Wit with stock trans transactions c re recently developed in In elation elation to issues of oJ oil companies Without any further reason ban that salt water had ap app appeared ared red in in the the wells wells wells' of one limited strict ct of Louisiana the prices of practically all oil stocks regard regardless ess' ess of th the cenes s of activity of ot 01 the various companies suffered a a decline There There was no more Justification for a a general decline in prices es of f o oil tocks ocl because of the tWo incident afe affecting Ung only a very ery small email percentage o of the 1 than for a a slump in n the prices of all aU the railroad issues of tl the upon the publication of the report that an engine on some remote f ranch ji ich h line had Jumped the track ti aTo tiTo To make the affair even cven even more more remarkable the decline in oil all issues took took lace ilace simultaneously with the announcement of a further advance ance in the of crude oil and of the various ious products of the refineries including ding While such an advance in hi the price of crude oll does not rny nean n that the refineries will make more money oney it naturally y does des mean that he of producing companies will be increased but as many of the g producers also are refiners it stands to reason that they will profit at ota th ih ends of the line beca because se of f th the Increased price for both crude oil and ts Byproducts products There can be no no doubt that this thi is the age of oil and that more money e made in the oil on industry during during- the coming years years' th than n nv ever v r b before f re Everywhere the producing and refining companies are enlarging their output 0 order to take care are of the constantly and rapidly increasing demand touring 1919 the he refineries of the United States tates produced d f about of gas gasoline lIne or a gain of about barrels over the output of This year h however wever owing to the expected increase in the output alone f t s the production of gasoline cannot be less lh than n an ah eyen even hundred undred nillion barrels in order t td tO meet the demand STaking Taking everything into consideration it would seem that the th recent in the price of oil issues was entirely without reason