The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-02-06
.,yurr QUOTATIONS
arother AdUance in
Eastern OIL

-. oil Of Pennsylvania grade
N..cd yesterday rs cents a bar
,,birh leaves the price now at
isI ner barrel on January 26th
to.ogs gs,anda-d marked up the price TO
~ and AS was pointed out in THIS
N,- a. the time. the raise was
,o.,'.ssnted 90 purely local conditions.
a'i5 ~. Instance, In the Pennsylvania
"a i,J,rondont rcfincrs are re-
nv ie,.,diy .l. ming in popularity on ac-
peaaa, ~ faa premiums they are pay
,Vu', ~, laws. something new there,
ns not I'M this country. Here the
uu uu1onendort fellow has played the
a. long as there was nickel
,, ka', ,yd ,,hcn forced to shut down,
W ,,ore than half OF them are now
down In Texas. he has done so
INNS started again when condi-
,Jt%s were more to his liking.
Tho nrire I'm the d-continent
o.S which includes oklahoma.
rsnsas and north Texas, was I'D
,,rced on January 9Th to its present
80 ~ a A barrel. and now. with
,bs widening difference In price be
,..eor pcnnsylvania and Oklahoma
,r,do thcrc Is no doubt but what
neither advance will occur very
charity. OIL can be shipped by rail
AZ A profit. as In reality there Is only
Sbout 10 cents difference in the real
value for refining purposes OF our
hest crude and pennsylvania and
eastern OIL
Another factor that is beginning
IN enter into the situation Is the fact
mat rofiners i'm the east are finding
on, that most Of the fuel oil sold at
around 81 and S2.2J a barrel can be
re.reflned successfully at least where
he Burton process Is used. II can
also be used very successfully with
one or two other processes, the own
ers Of which are saying very little
about and are not desiring publicity
tall helps the situation here.
Should history repeat itself Okla
\ hna. Kansas and north Texas oils
stelld advance rapidly. followed by
an advance In Healdton and Duncan
and Comanche oil These grades were
marked up on January Z and on the
Nh north Louisiana crude was given
25 cent boost
January 10 North and South Lima,
Ind, Wooster. III Canada and
Princeton crude advanced 25 cents
and were followed on January l3 by
an advance in Wyoming crude. II
was not, however, until January 20
that Duncan and Comanche advanced
to lis present price of SO a barrel.
All in all, II is a most encouraging
situation and one not calculated to
spread alarm and 10 add To the gen
eral feeling OF unrest which has been
reflected recently in the stock, mar
bet oil stocks have been slaugh-
tered and IL all goes to emphasize
the fact that the nah who has oil
property no matter what value, is
exceedingly foolish 10 finance same
on the New York exchanges.
One OF the old-timers who had
produced oil for many years and who
has recently launched a new com
pany that vas over-subscribed and
taken by New York people even be-
Tore the date ot issue, Is Of the opin-
ION that the stock market Is run on
a schedule Just as regular as a rail
road schedule by the bankers In Wall
street and is a game that no man,
even II he thinks himself on the in
SIDE can play and survive,
II has taught the oil men q lesson
they will not soon forget, according
10 our authority mentioned above,
Dut the question Is, has il? Have
The boys with good producing prop
eriy learned the great lesson that the
man without wall street connections
AZ owning his own good stuff Is
ofer off In every way and can tell
INN all whore to got off
mere is one good bit of news in
'he current reports OF the day that
SHOWS that in the party now running
ms government there is one man
VINO has taken the right stand. and,
,uank heaven, he Is known well here
N Inlsa. This refers to Attorney
Ieheral A. Mitchell Palmer. who has
according TO Fort Wort advices. re-
used 70 oountenance further any in
,erietence with the rights OF the oil
men along the river beds of the Red
ne is quoted as having notified his