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SECTION A. TtrLSA DAILY WOULD, SUNDAY, MAKCll 2(, In the Oil Fields Attention, Producers! t liy HAHHV II SMITH. ' i.i'.iin recent statements ami' t v-iiupcr Articles conccrnlnc, the iMiti.Ti In the oil liwtintry nre , vble of nn nnalyfiln which will re i fu't" uf much Intercut to tha , j.ioilucer in the mldi tituint I In thrao trying titiun when r .il ei nnnmlc conclltiou.t are vnr . ii unsettled wo have with us 1 . . U.sc of hufllnciM men titreiit , . .11 the oil Industry. Tho one i liuu , nits t pcoplei who, with the of the warm sunshine, of r';tne, fool that rontlltlomi nre '1 tu improve and who n cor.l i, cannot resist tho Impulse U inisy with tho drill nnd jirepnrr fur the tlmo when, m-eonilim 1 1 . .-limate, theie will be n nmr i ' ii all the oil produced. These j i . ;u e honest and ndminxlde nud , i imt my purpose to offer any , . .-in whatever, llut on the oth ' r"l there Is another elan will, h ; ,,is nptlmlsm with tonHiit.iOtf l vs Judgment and who nnnlyzr i, ! nation In a slightly differ, rt i, ThCNtj operators realize t , 'ti re In a probability that kcii , , tulitlons may not Improvo nn i,u lj "t as rapidly nit we nit fond'y they will. They, therefore, i field becauso this field Is the , miii'o of tfoltiK slymly with new , ,mient work in tho mitt ontl i. ' contemplate, nnd itnnlyzo tho portant factor In Uiu t'nlted t- a ' It produced 5tM2-10 per . of all tho oil product In thm t mt d Ktutes In lli'O nnd about S i 'lit of the UkIH oil produced ins country In that year. With l i i rtila dllmlnnted, becnuso It Is i, i-ontart with tho territory enst ii ltocky mountains, wo find i. f the title position of the mld lui iit flohr in oven morn Import i i" .uw of all Krades of oil pro- . d ejst of tho ltocky mountains. v, ' irrlshed 73 per cent. Tlioreforo, t i.osltlon of thti mldcontlnent i j in, i r Is all-powerful. Ho may l.int, on nn excess of supply nt this tirri" by active drilling and brinKlng in of wells or ho may refrain from I tew :opmcnt work until ho nctuully I sees that conditions warrant tho pro-1 di., , ot moru oil. In other word. . iii 'il tlie public demands and enn use 1 in rc oil and that II will not bo i Mi-i.d or allowed to deteriorate in' e,i l.' n or other atoriiKu. W h.lr It may be true, as him been t iitiy saw, mat tnc Known avall uii -upply of crude oil wilt not bo sufii, l' nt tn take care of the world in , i under normal conditions, who lin iu-? when normal conditions will buiin prevail? European affairs a 'Ml demoralized, (leneral liul n .- ri this country onntiot nttaln lis full momentum until JCuropo does ri mvc. Hlnco tho oil Industry de pemis on a revival of Ronfcrul condi tions in tills country and In Kurope, it nuifht be that If we now become t") I'ptlmlstlc nud Indulge In indis criminate drilling that wo would make tho overiiroducUon in tho mid continent field oven worse In tho next few months thun it hnH been in tho Immediate pant. In this con nection I will call attention to some figures Riven out by Mr, Wolch of the American I'etroleum Institute In which ho shows that tho excess of protlui tlou and imports over con sumption nnd exports was nt the an nual rato ot 115,000,000 barrels In Jfuvcmbcr, 1920, und nt the annual rate of 93,000,000 bnrrels In Janu ary 1921. He also mnucfl tho .fol lotwni; Htatement with reference to uvail,ii,lo tnnkiiKo for crude oil: "Thero aro no official figures rhowing tho amount of available empty crude storage. The best e ttmat"s seem to bo that In the terri tory under consideration the amount cliJ not, on March 1, 1921, oxceed 20.000.000 to 25,000,000 barrels, liven were otlo to assume that tills st'iingu wore all placed In tho prj irx1- ciac spot wherj; It ought to hav been with traniiportatlon facilities available, and proportionately dis tributed among tho purchasing com panies In nccordance with their pre vious runs, it would have tnken only a few months at tho November rato ti have filled every bnrrel of It. Un der the commercial conditions exit ing with nn open winter which did ii -I retard drilling, it seems obvi ous thit In three or four months, even tho largest companies would havo been In distress for storago fp,i' e " Supplementing this informatliii It Is generally known locally that sev eral purchasing companies have a' out reached tho limit of their ca piciiy for storing crudo oil. Others nre credited with considerable tn pty storago ns ot December first, ' i it must bo remembered that oil l.as been going to morago rapidly In 'a. list four months and that n K-r it ' al of tho old tankagchas do 'n "i.ued and rusted out so that it wi.i not hold crudo oil today. Al rmdy one or two purchasing com . i in n10 mldcontlnent field luvr found it nocessnry to begin tho 'fii.n of new tanks, Looking for s t I'.mr-nt at the known existing con oit "tia and ussumlng that tho de Ti.ir l may not rovlvo an rapidly as people antlcjpatc, what will bo th- . ffect upon tho Independent Pr lu r If tho largo purchasers! of 01, ta CX,;, 1' vv cb U.i ! t th tti It td, (. i V,tl. nb , a , olu. I'l having filled their available find It necessary to go to the i;e of building new tankage? u 1 undoubtedly cnuso further ' illzdtlon in tho marketing slt nnd more accumulation of oil irtporary private storago with "isequnt waste as defined by 8 of Oklahomu. would not bo for tho bost In- of the country nor of tho t rr fur anything to happen would cause further domor n because it would mean tho j. nment of a largo number of "11 wells which aro still cana- 1 t producing, lu tho nggragate, amount of oil, hut which can " ''perated profitably undr it conditions. Operating costs ' imerous leases In Oklahoma the production has settled to r two barrels per day per well. ranpo from $1.81 per barrol to t 1 per barrel, thus showing a loss. Unless conditions lm-he.-e wells will be abandoned. ' e is continued ovvif roductlmi 'cr and larger class of wells 'live to bo abandoned. in IRONSIDES A Sturdy, H&rdy Rubber Belt for Oil Well Drilling that Starts on the job. Asks no favors. .Delivers the power. Stays right with it. Gives Uniform Shows economy, service. Complclu Stocks Carried by OKLAHOMA TOOL & SUPPLY CO. General Goethals Found "Eats" Without a FlawM LEGAL MATJERS Heading ltft to right- Iou Iteeso, of the city water department, AV. It. Holway, consulting engineer for the water department; (JIJ Morgan, owner of Morgan's Inn, (Jen. George W. Ooethalsj C 8. Younkman, water com missioner. Sitting on stepH, O. F. IU-pkliis and Walt' r Dltzler To th' right aro A. V. Hurley (upper) and A. 1. farmer tlowcr) although they aro only partly shown. i When MaJ. (ten. Oeorge V Goethals, U. S. A., visited Spavlnaw creek and Orand river a few days ngo he worked hard that Is ad mitted by the TiiImuis who accom panied him nnd who, In order to re main with him, were forced to remain with him were forced to scramble over rocks nnd through underbrush nnd trues. They admit ted that tho first syllablo of his . I other words, although tho outlook for prosperity In tho oil producing business may look rosy for n period of n few years honoo, the fnct re- ,v. u... i i iiitiiiin nun iiiil u iiiu liMKUiy in-i tercst.d in and what the lives of 1 some of us depend upon Is tho lm mediate future, liy nn immediate shutdown movomnnt tho Immediate future can possibly bo taken enro of. llut If Homo of tho operators get restless under tho restraint (ind violate tho plan of tho committee on conservation nnd conciliation, others will feel Justified In doing so nnd tho n'sult will bo a general break down in the conservation plan. These remarks aro not Intended to convey the idea that there has been any breakdown in tho administration of tho plan for there has not been up-to-date. I am only emphasizing the necessity of keeping It up until conditions clearly Indicate thnt It enn bp dispensed with. If thoso pro ducers who arc in tho favored spots should disregard tho plan and creato n further overproduction they might suffer a consequence similar to what occurred In Cushlng days when tho operator of tho small well In other localities went to tho cor poration commission with n com plaint which resulted In the state taking n hand. Therefore, for the good of tho wliolo Industry, we slftiuld, nnd doubtless will, co-operate, , I.t my also bo of Interest to tho producers to know that tho nssociu tlon Is now accumulating figures on the cost of production In the mid continent field so that It will be ready to present them to any com mittee of congress which may in vestigate tho question of a tariff on Mexican crudo. It mado a diligent effort to nfjsombln reliable facts and data with reference to Mexico, but tho reports have varied to such an extent as to kIvo tho impression that none of the information was reliable. My own view is that tho most efficacious method of getting at the real facts would consist of an effort by us to got together tho cost figures nnd nil pertinent infor inntlou with roferenco to the In dustry In our own country nnd present them when cnllod upon Then congress, with Its power of subpoenn, can call In thoso Interested in Mexican production and omain from them tho real cost figures and facts relative to Mexican pro duction. When congress has all of these facts before It, Jt can form an intelligent conclusion nnd em body tho s.ituo In npproprlato legis lation. Tluf ways and means com mittee will no doubt consider thlB question nt tha approaching K-sslon of rongresri. In conclusion I want to make It clear that this statement is by mo licrsotially, represents my own per sonal views, nnd is not to bu charged I to the MId-Contlncnt Oil nnd Gas association becauso It has not boon submitted to nor passed upon by nny c .jmnilttee of tho association. name "Go" was entirely appro Hut Goothnls didn't work all the time ho stopped long f'tiough to eat nt .Morgan's inn, wnicn is a pop ular summor resort for Tutsans and which Is located on tho Grand river And when the general admitted with a smile that he didn't find "grub" that tasted so appetizing even In little old New Yor. January Refinery Statixlics . .. January rennery statistics, as compiled by the bureau of mines, snow tllnt nrnilllrtinn of t:iHollnc - n was practically the sam eas in IK- comber. Blocks of garollnc In creased 109. BOO, 000 galtotiH nnd at tho close of January werp 5(!.0ul),000 gallons larger than a year previous, Gasoline consumption In Jn.unry was ubout 30 per cent moro In Jan uary. 1920, which was undoubted!) duo largely to the npon weather pre. vailing this winter. Kerosi no pro duction decreased. 170,000 gallons dally nnd stocks nt the end of the month Increased over 25,000,000 gallons. I'roductlui of gas nnd fuel oil declined 800,000 gallons dally from the December level and stocks Incheased 83,000.000 gallons. Lu bricating oil production fell off 101, 000 gallons dally nnd stocks In ci eased 23,300,000 gallons. Miirlnnd Salt; KccalN I'niplrti Deal. HUmiAXK. Okla., March. 2C The recent calo by the Marland Oil company of ono-half Its acreago In this field to tho Koxana I'etroleum company for 1,500,000, recalls tho report of several weeks ago that tho ltoxaua was dealing for the pur chase fit a majority of the stock of the Kmpire Gas & Fuel Co., ono of the biggest producing concerns in the mldcontlnent field. However, Kmplro officials denied that nnv truth was connected with the report. It Is certain, however, that tho Hoxana Is making nn vffort to se cure a strong foothold in the mld contlnent field nnd In buying the Mnrlnnd stuff It wns nble to get hold of the best In tho llurbnnk pool. The Itoxana takes over tho development of tho Mnrlnnd properties In re. A Swiss engineer employed by Greccii has estimated that five wnterfalls In Macedonia can be made to yield 3";o,000 horsepower nnd produce 120.000.000 kilowatts of electricity annually. ARE YOU ORGANIZING A COMPANY? Siva tli URUil tnrnrr rutin x peni"9, bv .til ii. r-,nil I'Lt.l'n txrnxt ,rnflT UXM hint Btnlfi r. :i, ri. llr rnnlat on tha lummon law plun ui, -,Kt n Declaration of Trust pi many rif.ltcnt c. nnantm ne ironlifd. Ili'iiiiircn HtHinlnril I'ithi. filrnlltl ''omill flju .n fnt Willi which anjono In any nai" can nttui ne a company Inane al ck and bfg'n Jolnr bualnfai the name Uny Th" c.it if a complete omfp la tn-ifrn f i.-ar.t Ktk for our free circular contaLilPK lull deaerlptlons. ' ('. 8. l)r'.MAIli:K. I.mul lllunk l'rlntrr fill Walnut, Ituii.un CMy, Slo. mm GethngAhead A. . Tlila NitlooaUy known atorr. (Jetting Ahead," lui htlpej iliou anJ of people tu put their a V ini and Inveitlng on a pro&uble, Titenutic baeia. It telle how Peter 1'erUna accumulated $10,511. B2 in ten ycara by Inveitlnf $23 par month. It If a ract'fouuaed army, full nf human Iniereit. Wrile lur a lTlEli copy today. KRIEBELQCQ rIIJcw, eM 'IW, Gar ...,,v, MHe..f 137 South UCiMe Street CHICAGO WOMEN IGNORANT Legislator Kogevs to Ex plain to All Voters New Acts Oii'.ihi ma state law reUtlng to w, miii .mil children and In surh i nHus in particular hs working :1 Id . i roperty right, guardianship ivif ililVlien. division of property il di rce will be nuinmartted by ' l.rmuiK'oti Itogftrs of the state leg 1 t e it the regular meeting of I nine's lti'pulilii nii i lub of tils. in ;i o'clock .Saturday after- i m Vi.nl . Laws r any kind ie unfiimlllnr i w inn ,ml surprises lurk in the w fii'lng them piliirlpally. Mr. gi,i In made n upeclal study of l t oi, l ilinm.i laws of this nature In lcr t, liresent them nei urately. Mr I tank luiln in will give Die il .'an. e of county regulations at 'ing women. Miss Miithllde i.h n'- or the lce presldentrt of J . i in and a local biislinCM worn- i i i.n iue. lit l . HL.iii women nre urged tn i,'i i l, it- nib tucetliiKs In nidor to irci.i'i tlumsi'lvs, morn fully for it i i.f i itlieiishlp and women of i 'lur (...rtlis are also welenme. The tun, moiial piogram being pursued tlie local chin Is similar to that c, t, f , lniM d throughout the etato i li r o ganlmtloi. Aiv rg the new inatiufai lures of ..hIx ii a twine for us with i hrti.ii al uppiiratUH subj iclvd to m Ids i.r heat. t Couple Wake to Sec Two Robbers Ransack IIomc$50 In Taken Startled from deep slumber to wakefulness, Mr. nnd Mrs. John Ivcrson, by the rays of two flash lights dlrei ted Into their facet, nt their home at nieventh und Atlanta, were early Saturday morn ing forced to lie In bed while two buiglars tnnsacked their housu and stole 50 in money fniAi Mr. lvcrsou's trousers. IverBoif and his wife awoke to find two men In their bedroom. One of tho prowl ers growled at Ivcrson to stay in bed and kcxp his mouth hut. hllo his pal searched the lioliso and took 60 from Ivorson's trousors pockets, tho burglar kept Mr. and Mrs. Iverson covurcd with a flashlight and pistol. Ivoison wns unable tu describe his assail ants, Tulsa Undertaking Co., rkn ssv you ono-hnlf. Phone 0-8B15. Advt. Houston. Fible & Company Of Kanaaji City, Mo. MKMHEnR NliJW TORK HTOCIC KXCHANOH and CHI CAGO HOARD OK TllADK. Btocks, Ronds, drain nnd Cot ton. Standard Oil nnd Sub sidiary Htock. New York nd Hoston Curb. Liberty nonds nought and Bold. Prlvnt Wires ciias. i). cnoTciiiirrr. Mgr. Tpphonn Ofourn 02O. No. 11 IH I'ourtli St., Tub. Obla. Nl IMKfT TO CONKIHMATIO.V WE WILL BUY: c)i:i:it.i. on,, (ii Ains inj.i.i: mr , it Mtvi'.v t ut m:. ii.Miuooo on.. , Mini.i; on. a- oak; OW liNH odd uiu ' iti:i) hash on.. f. S. ( (IMfltDS-ION I.NNHK tiiii:. II. I'. Vt IIX'O.V 0(1, A (IAS. WE WILL SELL: Central .National Oil I to . :t oo . .10 .so 70 . ,074 ,8.) . . 12 00 . a. us .12 . .no . 1 21) 0.00 6.00 .00 so ,u .IS 7. SO ;.oo ( lieatnu t A hmlth, common nenarai uu HlHdya llelle, common .lladya 11110, preferrtd llnrvey I'rudv till . Invvdcra Oil Corporation .. Jnhnan OH Kanaaa A Olilf Oil Klnicwood oil. ronimon M II c liIl Producilon . . . Meridian Petroleum . Notdo oil & (Ian, common Nobla Oil it (lm, preferred Noco Petroleum, common Noco Petroleum, pfd. . . Oklahoma Oil Ac ItefK, Owenwood Oil Corporation lied Hunk Oil 41-amanj Oil HutilUht Carbon Company Triple O (ill Turinan Oil .10 IJ. H. Compreaalon Inner Tuba. 10 00 It. P Wilcox Oil 9t Uaa i.n Wrluhl Truduclni; & lutlninn ,10 I nltaied Beeurltlea and Honda ll.iUKht, ffold and Uuoted. Tulsa Securities Company Ii. I.. TAUMAN, JIunoKfr SIS-SI f Central National Hunk Illdi. Cedar 313, Tuli, Oklu. t The Road That Leads To Financial a Independence is just what you make it o You can make it a never end ing one by not laving aratera itlcally. You can mike it a long and tedloui one if your money cama only average interest ratet. You can maVe It a pteaianr, Interesting and shorter road by purchasing sound, lUted di vidend paying stocks on the Rose 20 Payment Plan. Which road will you take I Wrllii for liitcn.iclj- IiiUtimI.. Ink 1 Hl,l; iKHiUlct St), 'ill "How to Hecome Financially Independent" Rose & Company 50 Broud St New York :a m m E3 J 'v I FOR SALE OR EXCHANGE Beautiful Residential Property One of the Finest Residences in Kansas City, Mo. Located on Boulevard 26 rooms, modern, Colonial style, (j baths, steam heat, coal and oil burners. In perfect condition, completely furnished, handsome antique fur niture. High location, fine view. 25 acres beautiful lawns, five hole golf course, two-acre lake, out door swimming pool 31x60, electric .fountain, ;!-mile double drive way, greenhouse 25x50. Modern, garage 40x50, will hold ten cars. Living quarters, seven rooms and bath, over garage. Owner will sell property as it stands with furniture and equip ment ready for occupancy, or trade for producing oil property in Oklahoma. BAGBY & COMPANY Real Estate Department Kansas City, Mo. FACTS In black and white should be convincing Uaroh S, l?a ) Bancoelc fortUnr, Barrol 'Opnpany, ' 60C Uyo DilldlnK, Tultm. , Gontlononi- Ilo ro plounod to gtto our unquollfUd approval of 70ur Honcoelt KorHnp, ivirrol, agvoral of ahleh o hv6 ueod alth great cuocono In our aells ot Koyatono, Oklahoita, wi nxportenced gr'S't dirriaulty In kouplng aolln puaipln eeouo of flotlnc tond or alimo uhleh cut tho oups of noat nortlng barrol valvoa, A typical oll In hleh wa uaad tho HaneooV Tlorklnij Imrrol Is our Bakor tl a Dp to tho tlrf e Inatnllol tho llaneoak Porrol io pulloi tho noil 7.3 tlmoo In 109 daya, Hh tho llanaook WrroX lnotallod ws pullod G tlir.oa In 114 days. Tho ayeraga soil of pulling In (10.00 to-that our pulling ohargts oro f dally boforo tnutalllrg th'o llanoo'ek tnrrol and .M dilly hon uilne tho Hancock, Willo our reat'lta In other troubloaoiro noila aro equally illuailnatHiE " teUe thai, thla particular '11 aheas very cloar ly t b 10 aia jaor.oy liy uilrg 7ur barrel. ' ' Vry truly youri, ( . , Oil liauoa Gotcpny, Thi lctier is only ono of the many in our files thai will verify our state ments that tho HANCOCK WORKING BARREL will save 50 to 90 of your pullinK expenses. Hancock Working Barrel Co. r05 Mayo Huildiny Plume Cedar 1S70 , TUISA, OKLAHOMA OIL. ISSUES COMPANY INhlOt SUIltlftQ TULa. OKU! NOMA Operotlng Dopartirnt, 51 Rita