The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-10-21
{. II. Peters Returns
From NeW York

c. -. Peters, prominent oil op-
orator, returned Yesterday from Now
York whcro be with Mrs. Peters
nnd thuir son Charles, Jr. went
thrco weeks ago to place hiB dAush-
ter, Miss Nora blanche. In Miss
SpcnCc's aDhUul Mr. potors ia In
trnsclS Interested I'm the Tulsu horse
show ana is enthusiastic over the
great number OF fine horses shown
and the manner IN which Tulsaus en-
tered into the spirit OF the occasion,
The horse show last night wai
one of tho finest I have over seen,
ls the way hc put u. II have at
tended horse elbows an over the
United states, and ours is q credit
to any city in the country OF
course. people have 10 be- educated
up to appreciate u horse show but
Tulsnns are naturally interested In
stock and I am positive that our
show will soon grow 10 be recognized
everywhere as one of the leading cN-
positions OF horse flesh in the entire
country.
This city Is unusually fortunate
In having such men us the Lewis
brothers, George s. IIoles, Henry
Greis. u. II. Perry and Dr. Wright
as residents, hut at any rate, Tulsa
is famous all over the world for tho
such enterprise of merit az the an
nual horse show will Immediately be
pushed into recognition. The show
this year Is only the beginning and
] am sure that 1t IS going to do more
than any one thing In putting Tulsa
on the man
In regard to conditions and the
oil situation I'm general. MIR. Peters
saidi There is "A spirit of optimism
ha a. sHrh q
" more pronounced in the oil In
dustry than In any other. The sub
stnntial advance In prices OF crude
and refined s:c:.fs :hc past two
weeks has been perhaps the great
est cause but this very spirit OF
optimism Is the greatest danger the
industry has confronting It at the
present.
prior to the big oil lease sale
held at Pawhuska last June, the gem
eral public was pessimistic and prone
TO see no future Tor the oil industry
for months and perhaps years TO
come. The larger companies PAID
the highest prices for acreage at
that sale that was ever paid I'm tho
history OF oil lease sales and this
proved to my satisfaction that the
big fellows were optimistic without
cxcHotiun.
NOW Win the lalst III plt'Nn WI
ditions have lust reversed them
selves. the little operators are en-
thualastlc, while the larger COM
panies, fearful that the small pro-
duoers are going to gSt into tho
game, start a great drilling cam,
npi~n and thus produce more OIL
than the market conditions Just now
can take care Of. are pessimistim TO
iesT5a. Thr.- aaY!ce - :" 90
slow. be conservative. curthn al
drilling and II we do not heed thoiT
advice there Ia going 60 bo another
slump In prices caused by a flooded
market. Al,
ain my opinion oil In tho MIA
Continent field is bound TO go higher
and this opinion IN based upon IN,
fact that the millions Of barrels OF
oil now in storage tanks was plhced
there when the maximum price OF %!
was $3.50 and the minimum was "
kdd 10 this depreciation by eVapora
tion. fires. oto.. and the cost o.
transportation. tho cost or all o.
now in storage Is approximate w
barrel and tho large companies ~,
not going to loso money ny seinuN
M loss than 50 per barrel Thn
nroves 10 me that oklahoma on WI
raa Oh 81 or better ana that Soon