Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-04-16
OIL MAN s DIET:
TURKEY 70 CROW
or now PRICES on CRUDE 60
TlIROrGii MANipUIArION.
WHY THE CHANGES COME
The Interests Say Foreign Compcu-
tlOn-OutlG0k for Increased Prize
Is Never Was Better.
By W. NJ. Durham.


In this article the writer wishes 4
a. bee understood thai the irht oi
high gravity oils only are included
From the day mat the FIRST oI
well ,amo n with It's flood of wealth
up to the present hour. has been ON,
continuous battle between The pro.
duccrs ana tho big marketing corpo
rations. brought ON hy tho desire uf
the part OF the purchasing corpora
tlons 10 buy the product 10 enjoy al
least small part Of the great wealth
that mother earth WAS so generous.
ly pouring into the lap of her chill
drcn.
II the big marketing concerns were
not $50 blinded to their own interests
by a,arlcioumoss. moro equitable
price would now be paid the produc-
er for his product It is q snd COM
mcntary that the most valuable pro-
duct taken from mother earth ON
which the entire Industrial, educa-
tional, scientific, domestic ana even
religious world depend all over the
earth should bc arbitrarily valued
by a few greedy, Rrusping individuals
who hy the right of might regardless
OF the recognized law of supply and
demand name a price for ,hc crude
product which the producer IS
obliged to accept or retire from the
oil business usually with the aid of
the sheriff
The Paririe OIL & Gas Company
posted It's first quotation ON okla
homa crude, October IL, 1903, and
the price named per barrel at the
wells was Sl2S. This price was In
creased a week later 10 $l3O per bar
rel and four days later TO Sl32.
THANKSGIVING day 1908 is a day long
remembered 10y the oklahoma pro
Queer. ON that day he diucd luNur-
ously on the national bird" paid for
from the proceeds Of $l32 per bar
rel market His diet since has con
sisted largely of crow.
on December Q, 1903, the "hieh
water mark paid for oklahoma
crude oil was reached, marking the
price up to $l3N Tho oklahoma
producers dream OF future opulcnce
was destined to Doe rudoW shattered
at ten days later marked the down
ward troud Of tho price paid for his
product ON December 20, the screws
were applied aud % systematic jug
Cling OF prices was Inaugmatod
which was continued. until the price
paid hy the Prairie OH & Gas Com
pauy had reached on June 30 1903,
SS cents for crude testing 30 degrees
gravity or above This price was not
the lowest p1id for oklahoma crude.
The Texas and Gull companies talk
Ing ADVANTAGE of the flood Of OIL
poured forth 10y the phenomenal
Glenn Pool which was IN excess of
pipe line facilities. bought large guam
titles " crude from producers who
were compelled 90 sell their product
at such prices as the pipe line COM
ponios were willing 10 pay or i'm turn
be- sold ont under the hummer The
producers n many instances rc1li2
Ing huf 80 cents per barrel
a new and strange feature In tho
buying of crude was introduced by
the Prairie Company November T.
1904. This pnn consisted Of tho
nmalgamaton of the oklahoma and
Kansas oils This oil was again Sc
grogatcd into degrees Raume gravity
Nine changes are noted In the degrees
OF gravity In addition 10 heavy or
fuel OIL BEGINNING with 81 degrees
gravity the price pad per harrcl was
SIC with each decline of half de-
,.r,a ,F rr4,.itv n 1,glipp Of five