The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-03-06

companies produce a considerable
percentage OF the output will not
prevent the desired results, although
to the average producer they may
seem TO cooperate. II is very prob
able that the refining hs well as
the producing interests had a more
satisfactory husiucs when crude was
selling at t3.50 per barrel than they
have now with crude at tl75. The
fact that they will take the ad-
vantage Of buying and storing oil
at the lower figure duos not dis
approve the other statement neither
does II show that they are not war
ranted in doing this. inssmuch as
they are willing to store oil at a
higher price. Tho producer who is
not willing to curtail his output Is
doing moro than tho rctiner who
kecns the market low, also he Is
hurting his own individual business
as much as, ~ not moro, than the
business Of the industry at lagrc.
Tho whole problem resolves itsolf
10 the trucism that an income OF
of siN-pcnCo and an outco " a
shilling results In misery while an
income ~ shilling and an outgo
of n ak pence results I'm happiness %
MIR. Johnson has been IN the OIL
business since 1854 and has seen Il
IN its various ups and downs.
c. B Wrightsman. Dick Grey,
Eugene Huff and Walter Markham
returned last night from the Duncan
field and are united IN saying that
the big well drilled by Cant 4 Par
sons IN 25-ln-9w Is certainly u
wonder. and that the place is COW
cred with 1000 barrel tanks, while
the Magnolia IS building "A two-inoh
limo TO the lease 20 relieve the ait
uation. There Is, however, a much
divided opinion as to the ultimate
outcome OF the Duncan Field, which
seems 20 be spotted and which ap-
pears TO have water pressure back
OF A. Tho chances are that this
pool Is going to be the beginning
of many n new fortune, as It Is only
whore pools are spotted that the
! little follow has chance. The
committee on c6nsorvtion and con
ciliauon IL expected back tonight
or tomorrow.
Pat Malloy. vice president OF the
Constantin Refining company, left
last night FOR New York and will
douhtless have some big news on
his return.
Walter Teagle. at the head Of the
Standard OF New Jersey, has bocn
appointed by PreAders Harding as
chairman OF the United S'a'cs shin
! ping board, and the chances arc will
resign TO devote all his attention
to the new position. The shipping
board has recently purchased 12
3 900 barrel tanks for fuel oil, and
| iii same with oil recently purchased
I for the use OF the fleet. Mr..
Tcagle will doubtless see to II that
/ his old competitors have an even
break In all purchases of oil,
G. G. Slick Of Clarion, Pa, we'll
known in oil circles, IN dead, having
passed away Thursday, March 3,
after two months Illness OF heart
disease Mr.. Slick was an only
brother OF Thomas Slick who
| opened the Gushing field, and was
greatly beloved by "A large circle Of
| frlonds. He had suffered more than
his share of the ills that befall man
| kind. and when here last was APP
parently in the best OF health. His
story of his Illness and recovery was
very dramatic, he having taken
| treatment from the best doctors all
over the country and finally getting
| back to the old home town, was
brought back to health by the coun-