The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-23

! millions a year. This would allow then
a profit of more than half million
Judge Henshaw here stated that tn,
Prairie Oil andyGas Company handled
sixty millions in one year and at 15t
a barrel their profits would be mint
millions, but instead of nine millions
they had made twenty-four millions J
Four cents a barrel would be a big
profit in the opinion of Judge Hen
shaw.
Cross Examination
On cross examination by w. B. John.
son, the witness had his attention call
ed to former objections to comparisons
with Cushing oil and was reminded
now that such comparison was court
ed. In testifying to fuel oil contracts,
! witness said some contracts were as
low as 60c a barrel and some as high
as $12O a barrel. Lubricating oil is
made of Electra oil but none is made
of Healdton oil. Purchases made in
Mexico and in Cushing were gone into
and here it was suggested that efforts
were being made to still lower Cush-
ing prices and the agent who went to
Gushing Wednesday was promised to
be here Thursday for the hearing here.
The company has sales for about T.
500 barrels of Healdton crude, and the
balance is placed in storage, one mil
lion barrels of Healdton crude now in
storage, witness said he did not bid
low on fuel oil contracts with a view
of reducing price of Healdton oil,
crude oil has been reduced in price
in the past three months, could not
tell what changes had been made in
past 80 days, South Texas fields are
selling crude at soc, contract with
Pierce-Fordyce Oil Association ends
January /, would like to see the Pierce
people build pipe line into Healdton,
never made contract with them to |
keep them from building. When the
witness said he wanted to get away
from Healdton producers and would
like to see several pipe lines built in
here, there was a ripple of laughter
throughout the court room.
Conservation Idea.
Judge Henshaw said there must be
some means found to prevent the
of oil values in Oklahoma
and limited that the legislature would
pass some effective laws at the Janu-
ary session. When crude reaches 75c,
hands should be taken off, that con-
can be carried too far the
general purchasers of gasoline have
some rights that are to be respected
and one class must not be protected
10 the hurt of others.
Cruces Statement.
A. C.. Cruce said he was in SYM
)athy with the commission, that he
wanted to see the resources of the(
state conserved, but that there would
,e fight on the other side when the
legislature convenes, that there are
ew oil producers when compared with
he thousands who purchase kerosene
nd gasoline, and the producers will
ave a fight when the legislature con-
enes. '
Started Oil Fight.
General West said he started the
IL fight in 1906 and kerosene sold
hen at 25c and gasoline at 35c, and l
hat conservation had worked a low !;
ring of prices and the people ought c
} be pleased with the result t
Statement by Greer.
Mr.. Greer stated that his company
Duld not handle Healdton oil at soc, n
the producers can't take less, let Il
lem go their way and we will take G
lr course. He said his company g
ould take 5000 barrels at soc and
i'll not voluntarily take more at those r
CURES. =
Pierce-Fordyce Manager.
c. w. Cahoon, manager of the
Oil Association, was -,
worm as witness He stated in part ~
at he was acquainted with the value n
Healdton oil, he confirmed the state n,
- IL |