The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-07-25
Stabilizing Oil.

At the Tulsa meeting OF produc
ers and refiners with Administra
tor Requa the early part OF th'
week, the general recommendation
OF Mr.. Requa were adopted, witt
some Slight changes IN the proposes
premium schedule.
Mr.. Reuua stated that there mus
be cooperation in the oil industry
the same as cooperation among
the allied soldiers, Il the nation ex'
poets wartime needs are to be sup
plied. 81 did not come here to tel
YOU how this must be accomplish,
ed" he said, "but to show you tha'
it is necessary
The following communication
was sent to a. c. Bradford, Ne"
York City: -, ,o,o Ar,
Tulsa, Okla, July p, l9lS.-Mr
A. c. Bradford, chairman, national
petroleum war service committee
20. Broadway, New York City.
Dear Sir: At a joint meeting oi
the advisory committee on produc-
ton and the advisory committee Oh
refining and m;Iketing, held III
Tulsa. Okla, after the public meet
ing OF Iuly p, 1918, the following
resolution was adopted as sug-
cested plan for stabilizing the prices
paid for crude oil in the Mid-Con-
tinent division, this plan beng a
slight modification OF the letter OF
the national committee, dated uly
Is. 1918, which modification, 1t Is
understood, met the approval OF the
representative OF the fuel admins
tration. and were agreed to by the
producers and refiners in their gen.
eral meeting above referred 10.
The following recommendations
were adopted ~ for the stabilizing
Of the price paid for crude oil and
Nv for the maintenance and unin-
terrupted flow OF oil in its present
chanels insofar as practical and
lust to the interests involved
through the voluntary action and
co-operation OF the industry itself.
Nothing, however, herein contained
shall apply or refer TO production
owned or produced by producers,
refiners, individuals or companies
affiliated herewith.
For the Mid-Continent Division.
For Gushing crude a maximum
premium OF - cents per barrel.
For Yale and Quay crude max
inum premium oi 81 cents per bar
rel.
For CARRIER crude maximum
OF Sl.50 per barrel.
For Billings crude a maximum OF
Is cents per barrel.
For Kay county crude a maxi
mum OF IS cents per barrel.
For Healdton crude maximum
OF 80 cents per barrel.
lt was agreed that ten days
should be allowed Healdton pro
ducers or refiners to show cause
why. il any, this maximum premium
should be changed.
And for all other crudes for the
mid-continent division, including
Kansas. Oklahoma and northern
Texas, a maximum premium not 10
exceed 25 cents per barrel, with the
strict understanding that in no dis
trict in which premiums are being
paid OF less than > cents per bar
rel will the oil administration per
nit the paying OF higher premium
than is now IN effect.
That in exceptional instances
where the maximum premiums on
crude oil as first above are clearly
and obviously unjust and unfair, the
committee on conciliation and CO.
operation hereafter provided Tor
shall have the right TO approve con-
tracts for the purchase and sale OF
oil at just and reasonable premiums.
General Recommendations.
The following clauses shall apply:
Cd That all conir; cts hereafter
entered into for the purchase OF
crude oil at a premium shall con-
tain the following provisions:
That all parties TO this contract
agree that this contract shall .
subject TO cancellation in whole or
in part at any time upon the re-
quest or order OF the president OF
the United States. of the United
States fuel administration. OF OF the
director general OF the or division
Of the fuel administration, acting
upon the authority OF the president.
With the use of city water deni d
10 the refiners Of Ardmore that in
dustry is going TO be Paralyzed to
the extent OF closing down all op-
erations. unless some relief IS OBJ
tained from other sources. To close
The refineries here at this Il Il