Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1910-09-20
TliE PRODUCERS THEMSELVES
NRE TRYING no ANSWER
MONOPOLY" TIE ANSWER
sentiment Is Almost luminous That
Marketing Concerns Are Not Com
pvting-liut llCpo H. Not Dead

! ''lN' Nlll' hkb lN' NdllnUul ftifu-
lcum News. OF Cleyemnd, ohio. in
'ltcd The producers of the country gcn-
Irrally and oklahoma in particular to
IoNplom why In their Judgment okla
homo crude be- low -rIdicuIously low
us compared TO Illinois oil of the same
Identical grade,
Ia the current number of the News.
Just Irom the press the first repllas
gre published, ana make an Interest
ing story The story Is published YER.
hatims
'Monopoly' ls the answer of the
Mtiiu,-'"hllnrnt Held To the question OF
why rs Mtd-Contincnt Crude Low"
fIouuCers are practically unit I'm
inns verdict rendered since September
j. through poll of the Mid d-Continont
held made by this paper
Some blame the big pine line cou-
panics for not being in active compo-
tltlon with each other while others
say that the producer himself Ia ia
blame In that he has not given much.
II any thought to the marketing Of
ms product lntImatlon is given. i'm
the returns to the poll, that pans NAV
he worked out by the producers them
selves shortly for the betlerment of
market conditions,
ana TINS unanimous verdict came
Just after standard OH had raised the
price oi Mid-Contlnent crude from 8S
10 80 ccnu' and at the time strong ru-
lnors came from Standard OH sources
thht crude would go stlll higher. One
hlgh standard oil official Is quoted as
lANlng that the talk among his ASSOC
ciates was that Continent crude
would go to so cents in sixty days.
from september
bul the wormwo0d In the cup con-
tainlng the 2-cent increase was the
TACT that the Central Fuel on Co.--.the
PrlcstleN deal--was reported as CON
trHcting with fuel OH consumers for liz
product at G5 cents a barrel. ana the
iurthcr fact that just prior to the in
crease standard on was more per-
Slstent than II had been i'm some time
90 get control OF the larger producing
properties OF the field at its price. A
Few days before the Increase was an
nounced, Standard OIL was successful
In buying the Rarnes properties, about
inc largest In the Glenn pool AT a re-
ported price Of about $3.50 q barrel or
less although II was known that the
harnesses, as well aR the field generally
held those properties TO bee worth at
least 500 barrel Reports are that
the latter price was obtained and that
tne lower figure was given out tol
bear the market, but nothing
has been said on this /
The iact has now been forced home
ON the producers, according 10 their
statements, that II is up to them to ret
YI IFat
have one, That this fact is 1nally |
realized and that the producer + now
ready for action. Is considered N big
victory over the efforts Of Standard OH
to always placate the producer andl
keep him satisfied" But rlirthor'
than that this fact R now safely lodged
IN the Mid-Contnent cranlum thelcl
seems to he nothing.
President Perry OF the Oklahoma OIL
4 Gas Producers Aassociation has
called on the producers for plans 10
boom the market Perry Is now pre-
pairing suit against the railroads for
lower fuel oil rates to Oklahoma and |,
Also to Gulf points which. h. hopes
viii open up larger market and pro- l.
.ect that one the producers now have !
lis complaint on oklahoma rates be
'ore the oklahoma Corporation Com
mission was 10 have come to hearingI
september o, but II has been post
poned until the latter part Of the
month.
What the Producers Say
George r. Harmon, Tulsa. Okla -
'Mid-COntinent crude s low btcause
of an understanding between the
lipe line companies. Anything likel
competition between. as Intended bvl,
he law Of the land. would result iul
m advance that means something tol
he independent producer
The system Of jockeying with two
'cnt' advances just started here-38l
% 40 cenls-is "a good illustra don of
he understanding that exists.
The oklahoma producer has been
loing q lot Of thinking lately but ne Is
low preparing to act
'Ple1se accept thanks for this op-
,ortunity 10 express my feelings and ,
tho for the good work YOU have 4
Undertaken" II
Just Batting Producer
Victor Martin, Tulsa. Okla why Z
g Mid-Cont.ncnt crude low Everyone !
n the oil producing business and VINO !
las followed the movements OF thal
standard oil Company and their allies @
links he knows, but 10 explain to the !
abstraction of am outsider Is more dif-
icult /
"ln his own mind he knows It Is the /
WORKING Of this giant monopoly and
inrrcnt reasons for their keeping the ,
rice down may be assigned 10 be- ,
.in with they have always kept the 1
rice Just whore the producer could
xlst when OH would get scarce and II
hey wanted little wildcatting done {
hey would put the price mp ana the \
PRODUCER would go out ana hunt them
~ pool Of OH When they tnorght
here was In sight about what they 4
lanted the price would gradually go y
own Exceptions 10 this have only L
.eeu where they whshed TO crush a [
The price OF crude oil has r
ever. o. MY knowledge. been In keep G.
lg with the commercial value Of the II
roduct. That has not been consid- Z
red by the Standard in fixing the price $
MT what II is best to pay for Il in 1
rider To keep the producer where they "
'ant him and maintain monopoly OF G
he relining business They hy the f.
rice Of crude and they make the sell v
lg price of the refined products, so II n
, easily seen why this Juggling OF the 4
rice |,
"You, over there, win say we have "
because we have several =