The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-04-27
OIL. MAnKrr QUOTATIONS
As the Gnnlc Is PIdHcd

May bth iN the date set by the fcn-
rral Trade Commission Ia WaAhinH
ION for lnaring on the high coal
or crude oil. gasoline and fuol o'l
The MID continent OH a Gas AfBoo-
lauon Is right now gathering data TO
De submitted AZ that time ard thv
chaucoa arc will have the best and
most complete report ever pres~nt'd
ou the subject OF tho production re
fning ana marketing OF OIL
Even at that, the chances arc thai
the Federal Trade Commission viii
have its own ideas and viii DO load
ed with many prcconcciycd ideas OF
tho oil business especially az Nich
Nurdock one uf tho membcru comes
from town that boasts OF conNidor-
able interest in oil, and yet II knows
absolutely but one angle OF the oil
business ana mighty disroputablc
one at that, namely, selling stocks
In hot mir companies 10 widows ana
orphans throughout the leugrh and
breadth OF this great country.
This means that the oil men who
play the game on the square and are
neither afflicted with "a disposition to
rob anybody, and are not, on INC
other hand. affiliated with tho big
monopoly but who Simply desire 10
show the real facts in the matter will
"
ficult 10 Impress the Federal Trade
Commission with tho fact that the oil
business In a most hazardous one and
that there are many old timers who
have drilled all their lives and have
never succeeded In getting n barrel
~ Oh nor have they sold stock 20
widows and orphans, but have In "a
puiot way prcsistenuy and courage
cusly explored for oil in all plrts OF
the country.
II will be equallv difficult 10 i'm
press on the minds Of tho Federal
Trade Commission that occaSionally
there r. n man with phenomenal buck,
tut. that for years or until the very
resent past oil has been sailing far
below its real value. 20 that even the
man with all tho buck In the world
has found Il mighty hard to make
ENDS meet. That now conditions
have changed and that instead OF two
or three great pools being developed
AT one time like II was when the lili-
nois field aud Glenpooi and tho Gulf
Coast were all drilled at the enmo
time. that now there are no pools
worth mentioning being discovered
hut that the great State of Texas In
particular and the rest OF tho Mid
continent field In general is simply
working out old pools and small ex-
tensions with the price stin much
lower than II should be compared
with everything else In the entire list
OF commodities
II may he tho Federal Trade Com
mission will at this time exhibit n lot
of common sense in sizing up the sit
uation but reports from wichita
seem 10 indicate that the chances are
very sAm.
WIN Always BE Big Gamble.
With the best gcologists up In the
mir as 10 how they can reconcile long
held theories AK to the oil bearing
sands and with many veteran oil men
still playing tho game after a lifo-
time of failure, II is absolutely n
game. this oil business, ,and should
be considered as such bv everyone
with an idea OF setting forth the real
facts In tho case as to the high cost
OF oil
"Bn" Hoffman. who comes az
near being authority as anyone. says
that "Dry-Hole" Frederick OF Butler
county. Pa, held the record In Penn
sylvania for the number OF dry holes
and the persistency with which he
followed the game while out here In
oklahoma. "Dryhoio" Wilson has
held tho championship and ls still In
the game. Asked rs TO the numbor
or dry holes drilled by MIR. Frederick.
Mr., Hoffman atys. 81 don't know
how many but all he ever had an m
forest In were failures"
"Dryholc" Wilson has come as
near opening up big pools as any
man and hats In fact played tho game
with consummato skill and of course
at various times has brought In
mighty good wells but always has
been pursued by tremendous hard
lack, as FOR instance, when ne drillod a
In the famous Chicken farm well al
Muskogee and found on the compile
tion OF the first well that the lease
taken by ~ friend OF hts had never
hecn paid for and was still In escrow
he came out that time all right hut
Il cost all the profit and then some
The farmer who owned tho land es-
tahlishcd a record for fatr dealing
tfat time and should he counted a.
among the elect Who are sure OF
going TO the Indian Happy Hunting
Grounds.
Tho best thing about the husines,
is that the oil man who stlll persists
has chance and will perhaps some
day strike II rich and thus end his
days In luxury. II Is this that consti.
tutcs the lure OF the oil game and
draws 30 many by its very allurinp
hope of fortune.
Not All Hard luck.
There are few In the oil game
that have all the luck. There is O
story going the rounds how Frank
L