Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-06-14
on, MARKET QUOTATIONS
wiz Not Kill the Business.

The situation as regards freight
rates is rapidly improving. Oklaho-
ma is greatly benefited by the modi-
fication OF the recent freight in
crease order as given on the front
page Of this paper yesterday. IL ap-
plrts not only to rates on oil but
on heavy stuff like stone and brick,
and does away with the minimum
rate Of $15 a car that has been in
effect.
Only last March. the railroads nr-
bitariiy raised the rates in Oklaho-
ma, over night, and II the new 70
per cent advance had been added,
It would have been the means OF
quitting out OF business, all refiners
who sought to do business In the
mid-contincnt field,
The chances are that Oklahoma
rates will be arranged on fair
basis and Will follow the usual rates
charged in Interstate commerce ous-
iness In states like Illinois. Ohio
and Indiana, hlch Will not be an
advance as things are here, even II
the 25 per cent advance Is added.
As things now stand. buyers are
purchasing all the oil they can pos
sibly store before the new rate goes
into effect on June rs. and there
Il a tremena GUS rush on to get stuff
loaded before that date. 1t Is eu-
dent that buyers are taking no
chances on modification of the
now tariff.
The rate TO Chicago under this
new schedule Is raised from rs cents
per hundred to 81 Y cents, which
WOULD meah an advance from 6s:0O
tents ~ sf.32 cents peg barrel. The
pipe line rate is AZ cents, and II
costs only about l2i2 cents TO pipe
oil to Chicago. and therefore. the
pru:it to the owners Of pipe lines
IA very great. They are not oppos-
ing a modification of the freight
rate at that.
The new rate to New York Is
1870 cents per hundred pounds,
while the old rate was only oe cents.
1t is now proposed that the 20 per
cent incrsa 2 be done away with,
and a ia rate that Is reasonable
and necessary to carry on the bust
ness OF the railroads successfully, De
made instead. re
ON rates to points east OF the
Mississ ppt river 1t is agreed by both
the STANDARD oil interests and the
Independent reflners that the flat
rate advance could be lnaugurated
aud hlItt, nobody. at Is haroer 10
figure on an advance from here TO
st. Louis or Chicago, unless the
tank wagon price on refined PIou-
ncts is Immediately raised also.
ST 1t is understood that the stand
ard is willing to do this, and that
plan may be adopted at once. II
10, 1t is all the more reason why
purchasers of oil should buy now.
while the buying is good. and be-
fore the advance in freight rates is
due.
In all the conferences that have
been held OF late, Mr.. Requa has
. t9+en up the cause Of the oil men
and has shown IA fine familiarity
with the business and has used eX-
celent judgment in the selection of
a committee to represent the oil in
terests. At this suggestion. A. q. Nc
Guiro, J. J. Middleton, A. c. Wood
man and Mr. Williams have been
appointed,
r. L. Weleh. general consul for
the Western Petroleum Refiners as
sociation, has been appointed chair
man Of a special committee Of the
PETROLEUM War Service Board to in-
Nestig0to the effect on the oil In
dustry OF the proposed advance in
. rates.
. In the meantime. hearings are on
on the state rate il Oklahoma,
waich meeting is being held at Chi
CaCo and It looks as though the
matter would easily he arranged.
There is nothing IN these times OF
war-like cooperation and fair deal
ing, and everybody seems to be i'm
uued with a patriotic spirit.