The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-08-01
el Oil Bids By Industries
atty Strengthens Prospects Of Refiners

markets for immediate delivery, but
according to reports has not yet placed
the order due to an unsuccessful at
tempt to purchase the fluid at 40
cents. Bids for $4,000 barrels Of fuel
oil for August delivery and $4,000 bar
Iels for September have been asked
by the Frisco Railway. The Fort
Worth and Denver Railway has ask
ed for bids on $4,000 and 10000 bar
rels. Reports have IL that the Texas
and Pacific Railway Company will in
the near future ask for bids on 10000
to 10000 barrels for August delivery.
Use of fuel in preference to coal Is
rapidly gaining greater consideration
than ever. Its increase in use may
pc noted by the fact that between
the years Of 1917 10 1920 inclusive,
the output OF bituminous coal in the
United States increased $40 of one
per cent. During the similar period,
the output OF fuel oil in the United
States increased al per cent.
Coal men state that they have been
forced by the fuel oil competition 10
cut their prices below the cost of
production, and have dropped out OF
the market as regards competitive
basis, preferring TO leave the field to
oil as long as IL remains at its pres
ent basis. Kansas slack coal, rep.
resenting SO per cent OF the produc-
ton, has been reduced in price lately
from s3.75 ton to SO a ton. Even
with the coal at his reduced price.
fuel oil in monetary value. even
cisregarding the incidental advantages,
Is much cheaper. Computation made
by a Kansas City coal operator, shows
chat fuel oil at 81 per barrel at pres
cnt freight rates is on a parity with
coal.
With Kansas City as the point OF
delivery, the cost OF ton Of coal
from Kansas mines, including freight
and the average unloading cost, is
$3.50 ton. The cost OF an equivalent
quantity OF fuel oil (3i. barrels
under similar circumstances, and with
the same place Us the point OF de-
livery, is s42O. or saving OF siiS
en- the fuel oil.
With ST. Joseph. NO., as the point
OF delivery, coal costs $3.50 per bar
rel. while equivalent fuel oil costs
s4.2o or saving Of sl.6s on the
fuel oil
With Omaha. Neb.. ~ the point Of
delivery. coal costs so.4a a ton, and
equivalent fuel oil si.s2. or eaving
OF sl,62 on the fuel oil.
While the export trade at tho pres
ent time Is not very active, mover
thsless Shipments which arc go.nr
cut are most indicative that whom
some form OF credit hasla Ia catnb
llshcd with foreign trade. exports
viii surpcnn nii previous recori.. This
opinion Is entertained b. oil the loen
fcfiners.
During the past wset, tie New or
leans Refining Company shipped 2,
ssT.,ss gallons OF fuel oil to London
ou, OF ths port OF Good Hope. Ia
The standard OIL Company shipped
s,3ic.es3 gallons Of fuel oil out o.
Pason Rouge W the grTss soroisr
poet. Ancths- shipment from no SANS
port included si.eoc unrruis Ok fus
oil e.ssred for brest, France,
AS regards ihe kurosnBs n'ssSss
taa prospects rvported W. tras.s'
manufacturers for an expected BIZ
revival In their prsdust, Indicates
return et ths hie dsmsHd Tor lfsrs
sens which e~fstsd ssvefai ysass age
Tas Fefiner7 fssi that after the ps
t-oleum industry finds methcs
whereby fair, uniferm contract
which oblgst-s both parties with
law es suppy and demand, is estss
llshed. q WIN almost be. certaiHs,
that a period OF petroleum presperit,
crtending over an indefinite length o
lime wilt be entered into, with onl,
occasional setbacks, brought abvut b.
tstuul conditions which affect sl
ussrlss st ore time Or aaoshsr.