Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-01-16

W. ~ ItNht loI years WTll'I W
oil news, viii hereafter scrve the
World In that capacity, John II.
Roayis, until recently editor Of the
oil news in the World, who is now re-
cuperating at Warrensburg, Mo-, will
likely not return TO this community
to live. For some time past, Mr.
Peck has been writing oil news for
the Tulsa Democrat-Ed.N Note.
Another advance in the price Of Ok
lahoma crude was posted yesterday,
the Prairie oil and Gas company
leading off and the other two pipe
lines Immediately following suit; the
price therefore is now 55 cents per
barrel. This rise In price has been
anticipated since the recent advance
Of 10 cents In Pennsylvania crude, and
the second advance which the Illinois
producers received last week. The
recent cold weather has had the effect
Of greatly curtailing pipe line runs dur
ing the last ten days and CORES
ponding decrease in the production
Of OIL a consummation devoptly TO be
wished, as with "A lower production
more rapid advance in price is
bound to occur.
It's an III wind that blows nobody
good, and the cold snap seems to have
accomplished what oil men generally
have desired, a decrease in the pro-
ducton OF oil, made impossible by a
lack OF cooperation.
Until the price of oil has reached a
sixty cent level the producers
will still believe there is an advance
coming to them. Too great stress can
not be laid on the important and very
ENCOURAGING fact that consumption
is increasing more rapidly than the
production, not only in this country,
but I'm the entire world.
The Oklahoma Iron Works held
their annual meeting Of stockholders
yesterday afternoon, and reelected
directors for the following year. all
OF whom are now serving in that ca
pacity. The report OF the officials Of
the company shows a fine increase in
business over the corresponding pc
riod year ago. and nice margin
of profit, all of which has been REIN
vested in the business, which certainly
help to make up the sum total Of Tul
sa's commercial Importance. Imme-
diately after the stockholders meet
ing, a meeting of the directors was
held and all the acting officers were
reelected. The board Of directors
is as follows: J. f. Crosby, G. S.
Davis. J. I. Gillespie, p. NJ. Iverson,
+. B. Berlin, j. r. Sharp. and ]. w.
Sloan, and the officers, J. w. Sloan,
president; p. M. Iverson, first vice.
president; J. r. Sharp, second vice.
president +. b. Berlin, secretary and
treasurer.
The new shops Of this company re-
Gently complied and now running full
blast tell the story Of the company's
activity and enterprise.
News from the oil field Is coming
IN very slowly, and what there is is
mostly to- the effect that the storm
damage has been very great through
orators using water lines of any great
| length.
The Millikin Oil company has COM
pleted No. on the Gibbon farm in
Sec 10-20-S. which started off at 125
barrels in the Layton sand. The sand
was remarkably rich in oil for that
shallow depth, and adds greatly to the
interest in Pawnee county develop
ment.
From jerks comes the report that
the Prairie Oil and Gas company have
a 100000 gallon gas well at'6SO feet
on the Mary Ismael farm in the
northwest Of Sec. 24-1S-12. This is
southwest Of the new development
north of jerks. The Vell will be
drilled deeper for oil.
The Prairie Oil and Gas company
have completed No. 12 on the Watkins
farm in Sec. 1S-1S-1S, and have what
looks like a 2OO-b barrel producer.
Across the river Stunkard brothers
are drilling in black shale at 1,025
feet. the No test Pickett Renty
farm, Sec. 29-1S-13.
Or. Sheets Is in the city and reports
that he is shut down at 1000 feet on
the Emma Sewell farm in Sec 32-21-
8, south of Cleveland. He also reports
that the Sheets brothers well drilling
I in Sec. 93-1S-t9 near Warner is shut
down at little over 1000 in depth.
At about 700 feet a big showing of
gas was found, estimated at 5000, 900
feet, but which rapidly fell off in vol