Show the wonderful future of oil what john D saw in the future of the oil industry 40 years ago is now becoming apparent to some of the most substantial interests in the street the morgan following Is going into the oils H a y d e n slone co recently brought out an issue ot a 7 per cent convertible preferred oil stock which was oversubscribed merely on the proof sheets of the circular the war has not only brought a new situation in oil but is has held back the development of oil as fuel tor industrial plants a movement to develop trial plants a movement which started before th war and now promises to develop unheard of proportions but take the marine end of it by itself and see what the new merchant marine of tons will mean to the oil industry such a tonnage will require barrels of oil annually this is more than the world has been producing in the words of H F sinclair the opportunity Is here we have a world to reconstruct and it Is true the world tor the first time must be done in oll what would you say would be the I 1 future of the steel industry if someone should suddenly find an outlet tor more steel than the worlds production it would mean a tremendous boom would it not very well then that Is what will happen in the oil industry events are gathering to make the coming activity in this field one of the greatest in the history of wall street and this Is the time to pick up the oil securities 0 sound finances big present or potential production and aggressive yet conservative management i it is a sellers market in petroleum and the problem of the next five years is to drill enough of the raw and refine sufficient gasoline lubricating and other by products to meet the enormous and growing demand there Is no such opportunity tor investors in railroads industrials automobile shares or in tact in any other field as there Is in petroleum wall street magazine |