Newspaper Page Text
TULSA DAILY WORLD, WEDNESDAY, NOVEMBER 0, 1921
IN THE OIL FIELDS
W. H. PECK
OIL HAItKRT QUOTATIONS.
'.'r.j. , cnrilran mi" i ;v
r, in rnr.lcan heavy
c fid .... J.o luirKburnaU . t 5
f" ..... Ilihl .! Hlornn
'... - . - .i . l.ai iiiwiti
I mi Hanryetla ....
nina . Metis.-T. .
I. , "V . I I! Iiatmir
! ' . "n .... I J' Waterloo
f -ado, Ark.. iTCO Wooidr ......
i lurou . MO Pltrri Junction
,: :": !:!? Bas;"'":.:::
A OkU. 3.00 Di Solo
X.00 3ul( Cotit
Further Advances In Crude;
ftcnrlu All Fields Affected
Mcxfi, Texas, oil Is up to 7G
. ., that nrlco having been posted
ym'erday morning by tha Mrurnolla
Oil corporation. This advanco Is
perhaps the most IntercstlnR Jut nt
pr(i t because of tho vast amount
of cii nwaltlnu tho mnrkut t that
point nnd Is Btlll tho cheapest buy
on the rnnrkct. Moxla oil Is ot 37 or
SB sravlty, but Is hard to refine,
nrdintf a special cracking proc
ess to obtain any great percentage
T'io upward trend has affected all
parts of tho countrj'i tho Magnolia
lurporntion posted tho following
prices yesterday, November 8: Alt
gmi J2, Yale, 12; Comaneho, 12:
C'uthinir, J2; Duncan, 2: Cement,
jno. Hcildton. OSci Walters, Olio!
Itever Creek, Ode; Corslcana IlKht.
11 ;ii Corslcana heavy, 85c. Tho
Sinclair Oil Purchnsintr company
yesterday posted a prlco ot J 1.30 a
barrel for Iloaldton crude, an ad
anl'c ot 00 cents.
Electra crudo Is now $2.25; lltirk-Imn-ttt,
J2.2S! llenryetta, J2.2G.
Moran. J2.25: HanRer, 12.25:
fitcphnis county. $2.25; Strnwn.
12.25, and Thrall, J2.25.
Wyoming oils were given a 45 and
CO cent advance yesterday by tho
fhlo Oil company, which posted a
S-.'ont advance on Ornss creek,
whlth Is now 11.00: Elk Ilniln, now
1190; Itoclt Creek, now $1.50, and
Mulo Creek, $1.30. A 50-cent ad
vance was posted on Mb Muddy
which Is now $1.40 and Lanco creek,
Louisiana and Arkansas, crudes
were also advanced 50 cents per
barrel yesterday by tho Texas com
pany, tho new prices being Caddo
light, of 38 degrees specific gravity
and above, $2: from 35 to 37.8 de
crees, $1.00; from 32 to 34.9 de
grees, $1.85. Do Soto, $2; Bull Ba
you. J1.90 and Crlchton, $1.76.
Northern Louisiana crudo was ad
vanced 60 cents per barrel by tho
Standard Oil Company of Louisiana,
and also for Eldorado, Ark., crudo,
the latter now having a posted prlco
of $2.00 for 35 degrees nnd nbovo;
13 to 34.0 degrees grnvlty. $1.00 and
$1.80 per barrel for oil below 32.9
It Is doubtful If many of tho Jubi
lant ones who are rejoicing In tho 50
cents advanco really nppreclato or
at least really vlsuallzo Just how
enormbus and far reaching In effect
Ono of tho largo producing com-
Pftnles which reports 12.000,000
1 80 i barrels In storage thus lias Its as
sets increased $6."00.'00 over night
The smaller producer with maybe
l.noo barrels has his Incomo in
creased $600 a day while hi! steeps.
Tha total ndvanees for the years
1012 and 1913, there wero 19 of
them In number, amounted to 63
cents, and this period Is notable an
being tho first year In which a de
cline In annual production occurred,
a decline which led to rapid ad
vances In tho market quotations and
establishing a high record In the
number of changes In price. The
decrease this yenr amounted to 4,
642.66(5 barrels, notwithstanding the
completion of 1,906 more new wells
than wero completed In 1911.
According to the United States
geological survey statistics of petro
leum tiroductlon and value. Okla
homa has to Its credit from the
year 1904 (at which Unto It ontored
the ranks of the oil producing
slates of tho union) to 1920, both
yenr Inclusive, a total petroleum
production of 1,085,110,693 barrels
of 42 gallons capacity, having a to
tal valuation at the well of J1.0S7,
969,437 an averngo prlco per bar
rel of $1,786.
The total production of 1904-1911.
both years Inclusive, nmounted to
271,144,016 barrels, having a total
valuo of $111,561,651, an uverngo
prlco per barrel ot 41 cents.
Tho five years ending 1820 were
the most profitable of tho 17 years
nt itevelonment. tho total production
aggregating 627.413.856 barrelH
valued nt $1,G24,392,713 nn aver
ago price per barrel of $2.89. The
tiuantlty produced within the last
riv viiAn U within 30.281.181 bar
rels of equaling tho 12 preceding
years' total output anil oxcoeuou it
In valuo by $439,282,020.
,iuse of the Iticffl lent n.anner In I doubti dly bet .inn more ami more
.Hill-,! Kiiiif.ine was nnnnien. m mi- v-m-,i. in m uin"
"hor Instan. e Ynu want to fill i the ixpuit llgurts will overtake
and exceed the highest pt'lnt or the
past aihI that in the mar fu'urc
McMart Pays W50,000 for In
terest In Devonian Property
It has Just come to light that the
McMan on company paid a price of
$32s,ooo to A i Morton, prominent
Ilartlcsvllle operator, f"i- his 42 2-1
Interest In the DevonUn Oil com
pany quarter net-lion In tho southern
part of the llurt.ank pool. The lease
was r.uri'hftned last May befor any
welts were drilled upon It The first
producer on tho quarter section was
at that time the largest well In the
trie tank You stop in
a crocer'a a hardware
mere hunt's, a tobacconist's, a tea
shop or whatever any sort of an
I establishment Is liable to have a
I license for soiling "potrol" In Ku-
i u.t niiu n mull I'unifH llfl III Willi
a funnel ami n small ran. posslblv
of five gallons capacity, opens up
your tank, pours in the gasoline,
probahly pouring some of It on the
ground, collects hols fee and carries
back his ran Into his eotabllshmrnt.
Now consider lhat this man ha
purchased his supply In cans simi
lar to tho old fashioned milkman's
container (capacity of about fifty
liters), from a semlwholesaler In
tho enmo municipality, who In turn
puriuiasert It from a wholesaler to
whom It was remitted In drums or
tanks on flat rars from the Im
porters. There are no tank cars In
Europe except those tirnnht oer
by the Americans during the war
Europe locks facilities for loading
and unloading them. Consider the
cost of tho cans, the freightage on
same which must be hauled to tne
retailer and then Isick again to the
distributing station, the enormous
cost of handling plus shrlnknge bv
waste and evnporatlnn. Is It to be
wondered that It has cost the poor
OIL AND GAS
Ltiir Soppllm rrodnctlon, Ell
Have detailed, mapped, struc
ture, Oklahoma, with 6,000 acres
( year lenses. Will sell half of
quarter Interest to responsible
party. Address box 500 M., care
Will Furnish Complete Derrick
and full string of rasing In good
drilling proposition, 11-11 preferred
Call Cedar 746. Advt.
Wanted Shallow acreage
drilling contract. Owners only.
O. Box, 286, Tulsa, Oklo.
Kistlcr Is President
Producers & Refiners Corp.
The many frlendH of W. L. Kist
lcr and tho Producers and HcflnenV
cortionillnn will greet with nlcaauro
tho nowa that, at a meeting ot tho
board of directors held In Denver
on November 7, W. L. Klstlor was
elected president of tho company.
This promotion wan much deserved
as Mr. Klstlor has been vlco presl
dent nnd manager 6T tho Mid-Con
tlncnt division since tho organization
In 1917 and has beon prominent In
the making of tho company s sue
cess; ho Is an accomplished execu
live and financier nnd his familiar
Itv with both tho nroduclng and ro
finlnr nds of tho business has
mnuo bin romnnnv one of the most
progressive Independent companies
In the Miu-contineni rioiu; nm
nchlovementB are well known to tho
oil fraternity. This promotion Is of
special Interest to Tuls.i nnd vicinity
as it will unilnuuieuiy mean inai
Oklahoma will bo made the center
of tho company's activities In tho
near future, ,
I E. Klstlor, brother of V., I
Klstler, who has been president of
tho company elnco Its orgunliatlon,
was elected chairman of tho Hoard
consumer as much as $1,107 At change Nulla
Gilllland Common Stock'
The common stockholders of the
(illlllnnd Oil corporation met yes
terday st the OlUlland offb e. ami
In accordance with precedent among
companies In the hand of receiv
ers: formed a committee, of which
M. JotiM, eminent financier of Hils
tow watt elected chnlrman, nnd O
It. McCullough. president of the
Klrst Nntlonal bank of Tulsa and
II. 1. Brewer, presldont of the Ex
frb tids sestt rday, r -turning im hi
'Hd after u nr n.'t n half's at.
rcnie from Tulsa. TMi time was
spent nt his home In lltiidrotd
where he weathered an exttemily
serious Illness and a inajnr opera
O. V (loldrlrk, who with hl part
ner, Hilly linker, who has been drill
ing In Cross Plains, has completed
his No. 1 Teston near the town of
Pioneer In rtestland county, and It
Is flowing ISO barrel natural. The
Well Is three weeks old.
Meears. (lolrtrlck and linker are
spudding on their No. 1 Parker, a
quarter of a mile north of the dis
Mr. Ooldrfrk reports everybody
Jubilant In Texas.
1. ! Harrington of Columbus.
Ohio one nf the old time nil men
In IV Mil. tin. i t fi. Id I-. !., t.
ii' nn iiTui f.vtnil ni. ' Ilis "pent 1"
W1-.1 Mi .!ii a, Ohio and In Nov
i York .Hi. .iihIbiv-1 that 'He onll"i'U
.Is nun li l.ettr than anv one veil
' Ues. 'but I (I mi'I see what hns In
come of the mun that need to hav
a mail anil pencil, with a lease for
sale. He Is not In evident e hi mind
the lobby sny mute, nnd I don't un
derstand It " mid Mr. llerrlngton
lMh Criilie, V1. lllti.
11 H'frUllr rlmrlrriV ( aniuUnn 1'iclflf
KMI'llltSH OP rHAM'K 1 ' x.,,
14 IMtH, i'IHHT ( I.ASt. IM0 SI t'P j
IS Muf In tteypl nnt tntitln.
IIiMi, liihn, I'm. nulilra tnrtmlnt.
eui-0r-ri In litifiM'f--II Imm l I'sili
ami lnnilon, ttl
I'lltNK I II IIIK
Tlmri ll.ill.llni. Niw A ink
OWENWOOD OIL CORPORATION
PJlUDPt EUH HKI INEHS MAIlKETEItS
OWENWOOD BttlLDINO 1-OBT WOrtTIt. TEXAS
INVADER OIL CORPORATION
HUPEIUOH PKTIlOf.KtJM PRODUCTa
CARNSDALL REFINING COMPANY
MANUFACTURlNe) A 1,1, 1'MTHOt.Kt'M pnOtlWTH ttlntt (lltAt)B LUHRtOATTMO)
Oil CVMNDMIt STOCKB ANi HRKINRtl WAX
Biteutlrt) Otllen. Titith Moer I'Krulium HM.
Ilitlnirr nuhf.tl. oil.
TuIm. I'hom Out Mil
ason a Micne
present, however, gasolltio hns re
ceded to 76 cents In some parts of
In nddltlon to tho Inefficient
method of hnndllng. tho foreign
consumer has been confronted with
the necessity of absorbing a huge
quantity of foreign oil purclthsed
by his government nt high prfce
In anticipation of a neotl that did
not ninterlallM the last year or two.
Tor Instance, tho govornmest of
Franco pnld as much ns 43 cents
for gasoline nnd 23 cents for kero
sene In anticipation of a consump
tion of 50,000 tonn of gasoline per
month a year ago lat summer, hut
tho nctunl consumption fell short
of this amount by 2O,000 tons. All
this had to bo absorbed before tne
government permitted tho sellers to
take advantage of tho lowered
prices. Now this nbsorptlon har. nil
taken placo nnd tho government
has released control of the oil situ
ation nnd tho prlco will be thereby
However, a great factor, nnd one
whose results will bo rapidly felt. Is
distribution of gasoline by tho fill
ing station method. Revorni ro
ce'vlng companion have already be-
gun tho building of filling stations
and onco the movemient is started
this mothod of distribution will be
rnpldly copied by nil concerns
With tho instillation of thes"
stations, tho fall In ocean freight
rates, tho lncrenso In potential
luxury consumption brought about
by war riches and after-tno-war-ex
travagsnces anil tne increased in
dustrial consumption with the
gradual return of normnl condi
tions, tho foreign buyers will tin-
bank of this city.
the other two members of the com
CO.VTINUET) CM NRXT PAOI1.
With the Oil Men
A. 1'. Oressler of Now York and
London Is In Tulsa completing plans
for oil export and oil marketing In
Mr. Oressler, who Is conneo.toH
with ono of tho biggest exporting
firms In the country, Is loading nt
tho present time a 2,000,000-gallon
tanker which, by the way, bears the
nnmn of steamer "Tulsi (las." Tho
tanker, which was chartered from
the United Htutes Hhlpplng board, Is
being loaded at tho Export OH cor
poration's terminal nt Avondale,
Conditions nro beginning to ap
proach normalcy, according to Mr.
Oressler, who expects to make largo
shipments of goeotlno and also lu
bricating ulls, kerosene and fuel
nils. Ho Is returning to England tho
latter part ot tho month,
Nat E. Harris surprised his many
PATTERSON STEEL CO.
I-nrami, rimnnrli, Anlrfi, 1'lntra,
Camplf-tr fieri Iltilltllncl
Office, Hliopi, Mfiil Wtirrtioaii
AhuIIiui aud 1 lllcu It, It.
Talm Ome 7&1A
Export Justness Shoics
Signs of Quickening
Thoro aro few subjects of morn
profound Intercut to tho oil public
than that of export and that thcro is
a definite movement, nn unmistng
nblo pulsation In the export world.
one gaining strcngtn wun cvory
passing day is now beyond doubt
That this Impetus will gain In j
strength until exportation reaches
and passes In the coming yenr tho J
1111,11 lUVri Willi., i H mimum Mw.,t
tho war nnd V-o year following It
Is the settled lonvlrtlon of ono of
Tulsa's best Informed authorities on
the export situation.
"Consumption of oil In Europe
has been attended with great diffi
culties always, but especially In tho
years since tho war," says this man.
"and tho chlefcst of theso was the
fearful cost to tho consumer ha-
McGREEVY & CO.
Kiw Tork Stock Exchange.
Chlco Hoard of Trail.
New Urlcam Cotton Kichanil.
STOCKS, CHAIN, COTTON
Llbirty llondi nought sod Bold
I'At I, It. DIXON, Mtuugrr
in l'.a.t Ihlrd Ni, (Motel Tolaa)
hai'etv ami ritoms
IS MOCK MAllKKT TltADINO
l.riirn how to coinblni than In your
tradlnc tr tin un of
PI'TS AM) CALLS
With 140 to I1H you can trade In 100
tharia of any ato- k Writ for n
planatory booklit No, 31. No otllga
'lit llrondwny, Nrw York
Auto Robes, Driving Gloves, Etc.
OIL STATE REFINING COMPANY
niRh Ormln Petroleum Products l'rom Oarber Crude
W. II. I3ARI3ER COMPANY
Always In the Market for Petroleum Products
MLNNKAPOLIH AND C111CAOO
GENERAL REFINING COMPANY
COSDEN & COMPANY
inrm cihadi: pktholeiim piioducth
Buy Your Winter Needs Now
Mason Fabric Tires
This Week Only
under civil law of Louisiana
eliminates bothersome technicali
ties nnd taxes of incorporation
statutes and secures control to
organizers by capitalizing their
6kill, knowledge and experience.
TKr7 today for particular.
P. O. DOX 1KS HOMCn, LOUISIANA
Rafarono, Komir National Bank
Mason Cord Tires
Reduced Prices This Week Only
32x3 Vi $29.40
32x4 Vi $42.05
33x4 V2 $43.20
34x4 Vi $44.35
ACME PETROLEUM COMPANY
f'hli at ril flfffUa I A 1ai.II. 11 Ifll'lf.n A wanna
KANflAM riTf omCKi TUWA OFFICIO. DAM AS, TKXAfl
I vi ntmiriir jnuv. 1Q1 Alro llldf, 100 Hngftr Hide.
1-UI1.U UIU UAH OIU Ki;itUHi;.Ni;, NArilTHA, U AHUIillNH
GUSTAFSON & SPENCER,! INC.
6uertiflri to Andirion . nmlafaon, Ino.
HKriNKlta AND JAAHKKTKUH
Ilaftmrlia Ooniral Orflfll CltlCAOO
CTJ1I1N ANI1 rOt-UMIlUS Tulsa Oftlca. 1'hoi l.ig. Tlt
PRODUCERS & REFINERS CORP.
Produeors and Feflners of
"PAUCO" PKTIIOL1IUM I'ltODUCTB
New First Nntlonal Hank DuIIdliiK. TUIA. OKLAHOMA.
SAPULPA REFINING COMPANY
Phones Osage 0700-01
MANOrACTUHEnB Pl'JTHOLUUM PKODUCT8 SALES DKPT.
712 Now First National Hank Hid.
EMPIRE REFINERIES, INCORPORATED
Heflnerlcs Locatsd at OkmulKee. Oklanoma City, Cushlns;. l'onca Cltr.
Okla., Qalnsvllle, Texas,
Pales Office Phones 7006 ! I'lilty Illds., Tulra, Okla.
CHESTNUT & SMITH CORPORATION
Manufacturers Caslnchead, Absomtlon and lllomlert nnnlln
Thono Osace 6220 Tulsa. Oklahomt.
LIVINGSTON REFINERS CORPORATION
PUODUCHIIS IlKKlNKItH MAHKKTElta
Ai.t. riiouucTH or l'lcrnomtiu
Oltliral Official TUWtA, OKIA. All rboflM! OSAnB lilt
AUTO ROBES, DRIVING GLOVES, ETC.
For This Week Only We Are Selling These nt
Perram Auto Supply Co.
Phones: Cedar 600, 601, 602 Fifth nnd Boulder
FREE ROAD SERVICE
Notice; Tho oil and rras nropcrtlcs
of thn Clem Oil romniinv. of lllc- I
heart, Okla., havo boon withdrawn ' .
from tho market and said properties r. vagnviy cggsy.y r-.yy
not for sale. Clom
By J. It. McCoy,
Notice The annual meeting of
our stockholders will bo held No
vember !1, 1021, at 302 World
bullillnr;, Tulsa, Okla,, from 10
o clock a, m. to 2 p. m. There wl'l
be a proposal to amend tho by-laws
Jo reduce the directors from eeven
to three. Catlett-Davls Oil corpora
Hon. lly J. G. Catlett. president
C Glass, secretary,
T.cduce tho Overhead Call your
AccountlnB and Field Forms, Mid
to our ready printed Standardized
Accounting and Field Forms, Mid
"est Prlntlnu company, 120 South
Boston. Osage 5S1S. Advt.
m a Buyer h
H Price y
g Is Right g
"Ship -by -Truck" isn't
expensive or impossible
if you use a good truck.
- atf-V4r'wwr a
TULSA MOTOR CAR COMPANY
1225 South Main Osajje 5096
Notice to Our Fatrons
in District No. 1
Your Electric, Bills are due and must be paid on
or before tho 10th or service will be discon
tinued. District No. 1 comprises all territory west of the
center of Main street.
Public Service Company
111 East Fourth St. Kennedy BIdg.
We close Saturday at 1 P. M.
MANUFACTUUUlia OF HTUAWHT JtUN QASOLINH
O en oral Offices 403 Mouth Cheyenne Street
I'huno Osaite 7600
ROXANA PETROLEUM CORPORATION
1'IIODUCKIM! AJD 11KFINHHH
jBt. Ixuls, Mo, Arcado JJIdjr. Tul.a. Okla.. Mayo Blair.
uiucaa-o, in,, continental Commercial Hank Bid.
SHAFFER OIL & REFINING COMPANY
I'ltODOClSHB AND ItEFINKHn
I t'rodurliiK and Land Dent. rtnl.. n.n
706 Kennedy Ilidu., Tulsa. 10S notlth 1m Salle Bt,. Chlcaw I
THE PURE OIL CO.
ItKFWEIUKa AT CUBIIINO AND AJlDMOHn
NORTH AMERICAN CAR COMPANY
TA-NK CAliH LEASED. llKrAIHED AND 1115I1UILT
OliO. V. UHIUIIAU. DUltlot iJ.n.i.r. lei liaclal Hid..
Works; Coffoyvllle, Kan. ToieBhone Illo
OAHOLI.NE WITH TIIH PEP
CHAS. F. NOBLE OIL & GAS CO.
Producers and Iteftncrs ot Crudo oil and
Manufacturers Cualnfthead Ousoltno
Main Office, Tulsa, Okla.
it.,,'1 Kansas City, Mo.
"RMllEns NEW yo n if
i DAnD OF TltADi:
ton,ktBo",- aln and cot
.?illVrv.ndV'1 nd Sub
Nfr Tork and
OlIA1 n1j2li.1 rtval Wires
ylSnr" 200. No. It
fourth sl. Tubw, Okla.
molor 0 thai means
- more miles per
fewer repair bills
4o to too percent
Ask Your Dealer
St: (Httla IlliU- riione Cwlnr iSI
While They Last
Wc Have a Few Standard Tires in Sizes From
30x3 to 35x5
Made to Wear and to Give Satisfaction at
'1 Prior Lien Stock
Public Service Co.,of Oklahoma
CASH OK HAVINGS l'IA.
Now Is your oppo'tunlty to secure a hlith-Krnde Investment In a
progressive puMlt-' utility corporation In yuur own me tovrn.
Public Service Co.,oi Oklahoma
EXPORT OIL CORPORATION, (Inc.)
r.t National I.ank I.ldK.ji.ou,. ...pHona, Oa...
runciiAnnnH or auL vki iioI.kum imiouuctb von export
HUW TOHK NO. II IinOADWAY PArtJS CONTINENTAI, nnm
Kiport Tirmlnala . Avondile, ruw Orlani" iJi. nOTM.
OKLAHOMA PRODUCING & REFINING CORP.
! OV AMlJKICA
PETllOIEUM AND ITS PnODUCTS
Valra and Oiniral Official O, P. u It, llulldlnc Tulaa. Oklahoma
SINCLAIR CRUDE OIL PURCHASING COMPANY
BINCLAIU 11UILDINU TULSA. OKLA.
CONST ANTIN REFINING CO.
General Offices, Tenth Floor, First National Hank Bldrr.
IlEFINEKIEH: TUIJiA, DEVOL PHONE OSAQB 6010 I
IMPERIAL REFINING COMPANY
PETROLEUM AND 1TB I'ltODUCTB
General Offices: l't. Worth, Texan P.eflnery: Ardmore, OkU.
THE MARLAND REFINING COMPANY
iiEKiNEita of man ouade cuudu
PONCA CITY, OKJ.A.
J. F. CAMPION OILS
PltOMV T SEUV1CB
807.808.809 COSDKN HLIHJ
Phono Osuko 1I77U
II I Kiiht l'ourtli Utrie I
Mail Orden Solicited
302 East Second St.
WITH THE LIVE ONES IN
THE REFINING BUSINESS
KANSAS & GULF COMPANY
rnoDiusus, uti'i,si:it , TiuNsrou'mra n,i iaiuw.im
l'KTUOr.KIM AMI IT8 I'llODUCIM
HIGHWAY OIL REFINING CORPORATION
RAW CABINOIIEAD AND CABINC11IEAD BLENDS
I Wa ill Only Ouirlit Oaiallna at Our owu wanuiaoiuri rrai
OSACIK IIH t P- "'
",u iit-h t,TNctt nt.Do.. tvisx
100 J 000 Can, cleini In HI or liam Imfnidlata dallfirjr
M. R. TRAVIS
TRANSCONTINENTAL OIL CO.
MKW WltlUIIT HLUH TUL3A. UKIjA.
W...1TMON WOTOH OIL, UA-UATUON OASOUNB 1
MirxorXM,TlA.aa , .
CCNMiy fitoa Oacaao ef
"PAL O' MOTOR" VYF BllIGHT STOCK
PAHltAFlNE U ABE EQUAL TO PENNA. BTOCK