The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-08-12
OH MARKET QUOTATIONS
Crud. OIL Prehucts
Midco Expanding.

The Midco Petroleum company
has started on n campaign Of c&-
pansion that Is simply marvellous. 'f
showing tho great ability Of that
concern to rise TO tho occasion when
opportunity offers.
The Aiidco and It's subsidiaries are
among the half dozen largest com
panios In tho midcontlncnt field
and as refiners they have buf' up a
wonderful reputation as witness tho
great part they took In furnishing
gasollne for tho aviation branch OF
the army
And now. the Midco has offered
md hns had accepted 100000 bar
reis per year OF Mexican crude at
Sl.10 per barrel, which must be
transported by the shipping board
10 the Midco's proposed refinery AT
New Orleans, thus, making tho price
virtually (. o, b. Tampico.
Not only that but the Midco has
taken over tho Millikon refinery at
Arkansas City, and has authorized
the connection OF the Millikcn lines,
which reach down TO the Blackwoli
Yield, with their own lines into the
Billings field. They will thus be
able to operate this refinery up TO
capacity OF $500 barrels daily. and
will refine their own high grado
crude, which ls from AZ TO 4S' graV-
ity. down to the wax.
They will make under the super
vision OF A ID. Smith, who built tho
Milllken plant; everything In luhri-
eating stock on n par with Ponnsyl-
vania, and will operate. IL practical,
the cracking process which has been
installed at tho Milliken refinery
and which IN reported to have "A
large output of gasoline 10 It's credit
II iB known NJ the Jenkins process,
and many columns OF this paper hpvo
been devoted TO description of
same In the last few years.
The Midco has an energetic and
very active sales department Of
which Theodore Kupor Is the Chi
cago representative, and Jesse Fin
ston, is at the helm and In charge
OF all sales with headquarters here
In Tulsa.
There win be no failure in the de-
livery OF tho Mexican crude to the
Government. as the Midco people
have always made delivery under
any and all circumstances, and what
ilAH hRpPNh'h Ai NAo pAhHh " hhiA
index 20 the future. II is a big con-
tract, with much money In 1t for the
Midco and II only requires men with
the proper vision and tho nerve 60
carry out n contract OF such magni-
tude, and OF such vital importance
TO the American Navy and shipping
board.
There is In the action being taken
by tho Midco, an object lesson that
at this time should be of vital in
terest to reffners. namely; that n re-
finery must have It's gathering lines,
and not be handicapped. by having
to pay freight rates on raw material.
IL Is doubtless n fact that other re-
fineries. not thus well equipped, will
bO extremely anxious during the next
few days, because the railroads In
making rates that are intra-state, or
local, and arc likely TO kin tho goose
that has been laying golden eggs,
and mnko thorn 40 high that onno OF
the little fellows can ship crude to
the rofineries by rail. and exist. TO
say nothing of the outbound stuff
that tho Interstate Commerce Com
mission puts on percentage basis,
when 1t should have been given a
fiat rate.
But with all tho handicaps; that
can possibly be put on the industry:
there Is one thing certain, and that
Is; that the Midco will got it's share.