davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Industry Waiting on
LOWer Freight Rates
tContributcd by mn expert ON eco
uUuigg1

Many lines OF Industrial produc-
lion are crippled by the cndcavor Of
certain factions TO maintain war
time wages In certain branches OF
industry, These wartime wages In
effect reduce buying and capital ad-
venture and enterprises arc shncltlod
with the burdens Ot wages and taxes.
Many consumers OF iron and steel
products are holding back n large
amount or business because OF vari-
Gus prevailing uncertainties which
them.
Workers OF the steel mills have
cheerfuliy accepted some reductions
n wages and have slgnifiod q will
ingness TO accept stlll further roduc-
tiOnp.
Hallway labor has accepted
slight reduction under severe protest
and rs making strenuous opposition
through It's radical leaders against
future reductions.
Public opinion seems 20 Indicate
that employees who are parties to
such campaigns have boon shown
stand a reduction In wages.
That such Will come and thereby
permit the carriers to reduce trans
portation charger ~ generally ac-
copted as tho inevitable,
The extended delay, however,
causes 80 many uncertainties In the
situation that neither the producer
nor the purchaser Is willing TO stake
his judgment against unforeseen
happenings. ms he would were some
Of these Items OF cost decided and
announced.
As conditions have been for the
last five or six months. ones iudg-
nent has not been considered as a
hafcguRrd against market fluctua-
lions so that some OF our best
authorities, who have at their com
mand the best OF statistics and facll-
tics. refuse TO even prophecy the
aext trend In business, Purchasers
OF irop-and steel production who
have wisely forecast markets In nor
NAL times are up against so many
Disadvantages today that they buy
only for the Immediate needs. Many
OF these disadvantages are occa-
stoned by conditions outside OF tho
iron and steel Industry.
No doubt wo would have reduc-
lions In the larger Items OF oil field
supplies were freight rates reduced.
There Is so much complication In the
machinery today In the adjusting OF
traffic matters that one feels the
lack Of assurance as TO what fac
ton will win.
Whatever may bc the outcome Of
the numerous conferences between
railway executives, traffic managers,
Interstate commerce commission,
railway labor i,oar,. and the labor
| leaders. let US hope that we will nave
Il early, thus doing away with a
large part OF our uncertainties and
making one moro real step toward
that which We 80 often speak OF as
normal times"
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Ticker Dope From Nelo York

New YORK k-Tidewatcr OIL company
declared quarterly per cent dlvi-
dend, payable December 80; stock
record December 20.
Denver says. The Western OIL
Fields corporation. of which Gov
ernor Shoup OF Colorado is presi-
dent, has given out following infor-
nation In the Haynesville pooi of
Arkansasr whore the company Aas
100 proven acres. the Humble OIL *
Refining Co. is reported to have
completed a 1000 barrel gusher on a
tract adjoining the Western oil
Fields corporation properties. This
has necs csssitated the starting Of
another well on this lease, in addi-
ton 10 the one already drilling. In
he MeXia fields, where the COM
pany has met with such sensational
success. having disposed of one well
and a 40-acfe tract for "A sum Of
$1,000 900 TO the Magnolia Petroleum
company. Governor Shoup has au-
thori2ed the drilling OF another
we'll in addition to the four already
drilling.
The Redbank oil company has
completed a l,000-bRrrel we'll in the
catfish structure of oklahoma,
where the company has $40 acres,
passed upon by the company geol-
ogist, +. julius Fohs. Originally the
well was producing Zoe barrels per
dsy from the top or the sand and
II was drilled deeper and shot with
above results.
Interests in this city identified
with Transcontinental OIL declared
this concern had no intention OF
going into such a merger. IL was
further stated that the company rs
negotiating a deal with one OF the
Standard Oil companies covering its
Columbia acreage. An announcement
may be made within the next few
days.
II is reported thar a banking group
has bought from the Pure oil COM
pany an issue of per cent cumula-
tive convertible preferred stock. \
public offering of the issue probably
will DO made early next week.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Foreigners Seek Crude Oil

British, Dutch and French oil
men have approached several OF the
larger independent oil producers in
the past week. seeking large quantl-
ties OF crude oil.
one company was asked 10 take
an order to deliver I 100000 barrels
of crude at an attractive price. but
AS IL is strictly "A producing COM
pany, without ocean transportation
facilities. II could not avail itself
OF the business.
This unusual situation is taken by
the oil trade 10 mean that some Of
the foreign refiuors are short OF
crude oil supply, which usually
comes from fields such as Mexico,
Dutch East Indies, Persia, Russia,
Rumania and other countries, Sew
cral leading European companies
have had their Mexican production
considerably reduced by salt water
intrusion. Production in the Dutch
East Indies is also on the decline,
due to virtual stoppage OF new work
| by the Royal Dutch interests be-
cause OF alleged excessive taxes
| Wall Street Journal
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Best Little Lease in the
Oknluigce District

Special 10 Tho World
OKMULGEE. Dec. 5.-Remark-
able producing powers OF the oil
sands OF the Okmulgee district are
shown In the lease OF the Anglo
Texas oil company in the southeast
Of the southwest Of 3O-t5-11, a seven
and Uuo-hhif acre tract for which
the Anglo-TcXas company paid
5000. 900 In the early part of 1920.
This lease has already paid for IT.
self and the No. 3 well on II Is now
producing 500 barrels daily after a
cleaning out which started on Oc-
tober and has just been completed
This lease was bought by the Anglo
Texas from John II. Rebold. A. J.
Peters and Moore & Reynolds, and
the price paid was the highest on
record per acre in the Okmulgee
district. Most OF the production on
the lease is from the butcher sand
at 1850 to 2.5s6 feet. The seven
and one-half acre tract is offset on
nearly all sides by producing wells
which apparently have been unable
to drain the great reservoir Of oil in
the sand.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
GrenoId. Err County, Kansas

There h n general improvement in
drilling operations In this vicinity
and more active development is
promised for spring, The wells in
the GrenOla pool such as those
owned by the National Refining
company, are holding up good. in
TACT, are reported as having in
creased In production during the last
two weeks.
The Dietrich test on the siphers
farm, In the northeast OF the
southwest of Es-J0-9. In about ready
70 spud. II Is in wildcat territory
and between Grenola and the Bush
Denton field. north OF Gronola.
Tho Producers a. Refinors cor
poration test on the Love farm in
the southeast OF 26-30-s, northeast
OF Grenola. Is drilling at I,l5O feet
after finishing a water well drilled
TO 2,0i0 feet. on this test Mr.
Thayer OF Tulsa Is working and Is
assisted by his two boys. one OF
whom Is drilling and the other ls
dressing tools. All are working on
the well. which is being put down In
record time.
The Livingston test on the Fergu-
son farm In 23-3O-s has been having
trouble with lost string OF toois
at about 1900 feet. II tx now being
underreamed NJ the top OF the tools
and will likely be drilling again
within a few days. This well il near
tho Ferguson * Blayman's 10000
OOO-foot gasser northwest qf town.
Grenola Is being made hcadquar-
ters by the oil men, as II Is on the
direct route from Wichita to Tulsa,
and supplies can be gotten quickly.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
COmpIetiOns in the
Beggs District

The Wolverine OIL Company's test
on the Clark farm. In the northeast
corner of the southwest of e2-Ia.iO,
has bccn p!ms;sc;! back 40 the top ~
mo 2,S2o-ioot pay, from total
depth OF 2,0S8 feet, and Is a 100
barrel well after the shot
The Sinclair oil a Gas 90
ta4 a iSo-bnrrci we'll after n 20.
quart shot In No, Clinton. In the
northwest Of az -i5-iO. The butcher
sand was encountered from 2,G3S TO
2.8T5 feet
The lndinhoma oii company's No.
! clinton, In the southwest Of
| ib-i3-iO, Is making 100 barrels Ia
! the butcher, topped at 2,8O0 feet.
after u tOO-qunrt shot.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
President O'DoneIPs
Statement

The statement given out In ad.
Vance by President O'Donnell. OF
Tho National Petroleum Institute
and printed elsewhere on this page.
will be read with the greatest inter
est by oil producers here
4. Mr.. O'Donnell Is Doubtless cor
rect when he says that the require
sients OF 1929 are expected to be
Very large. and the mention that he
makes of the new pools recently un.
covered, is along the line and
Peaches the same conclusion that
nnost OF the we'll posted oil operators
here have reached
= On the program at Chicago, Harry
Sinclair Is slated for tho enviable
role OF prophet for the ensuing year.
II is doubtful IL Mr.. Sinclair will
get very serious in his remarks, but
Il he does, his friends here, and
especially the stockholders in the
Sinclair Consolidated. viii he great
sy interested In what he has TO saw
There are several who are leaving
for Chicago TO hear him make his
address
The greatest interest. however, OF
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04

of oil-beaflng lands from the Mara
caibo OH Exploration company, and
active drilling Is now in progress
Lands held by United States capital
include some OF the most promising
Ia Venezuela.
Tho most active North American
companies are the West India oil
company, Sun OIL company. The
Maracaibo oil Exploration company
alone owns i.025.0O0 acres lin five
important fields and drilling has
started. other companies own mil
lions OF acres more. The Texas
company, Sinclair Exploration com
pany and the Gulf OH a. Transport
companyaro other u. y. corporations
inveHtigating the possibilities OF
Venezuela Oil .addition, Ameri-
can capital holds minority interests
In tho big British fields, through
tho General Asphalt company and
the Carib Syndicate. New York
Commercial
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
OH Markrt onn,nilnn..
Dkmuigee Banquet
WIN BE Wei Attended

3 The Okmuigeo District oil & Gas
association will be hosts 20 a large
number OF oil producers and re-
finoTs at the first annual banquet.
which viii be held al the Hotel
Parkinson. Tuesday, December q,
and there is much enthusiasm among
tho Independent operators, and a
good time ~ sure 20 be- had.
Among the speakers viii bo w.
u Gray. who az everybody knows.
WAS always strong and interesting
fniker. and who got his first export
ence during tho Spiudlctop days In
Texas. and afterwards participated.
hnd I'm fact took a lending part In
The custer proceedings which re-
Suited In the expulsion of TIE stand
ard OIL company from Texas.
Y Il. l.. Robinson. Of the Allied Re-
fining company who is also aHso-
ciatod with Mcssrs Lotcher and
Gibson IN the new development in
The Lyons pool, and who earned his
education nt n state normal school
In West Virginia, was admitted to
tho bar and was unanimously
elected when only n boy, as prose-
cutting attorney OF one OF the tough
youT;ies IN that state. whore he
made great record as n cleanup
81 John Griffin. who is large
Operator In the eastern fields, and
who Is urging tho oil men TO take
On an organization similar to the
agency In California, and who In by
'tLo way, making great progress
With his new idea, viii also be one
af the speakers.
"a Mark Mitchell. OF Independence.
Kan. where he stands out as a man
with original and Independent ideas.
Will be another, and In addition
there viii be OF course. much local
talent, including j. j. Moroney, who
y always exceedingly bright and
Interesting. with n line OF witticism
Ell his own. and George q. clifford,
lrho Is making great success as
an operator In that field.
81 The meeting coming at tho same
time as tho gathering at Chicago,
iwhoro the National Petroleum In
stitute will hold a three-day session.
Will keep few, n very few, away
from the banquet. The Chicago
meeting has its own peculiar attrao-
ton, as the men who make tho price
are going to hold forth at the sec
end annual convention.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
In the Burbank Pool

The Tidal Usage Conner OIL COM
pany and Gardner Petroleum COM
paDy have q well making $50 barrels
after 160-quart shot In their No. y
In the southwest of 5000, Burbank
pool.
The Tidal OH company, Matthews
q Stin on well No. 5, In 4-26-0, Is
driil In Monday.
The fact that the Kay County Gas
company got dry hole In the
southwest of 3-26-0 Is stiIl the sub
iect of the greatest interest. ns u
Will affect the sale of leases Dcccm-
Der ~ ns perhaps nothing else
would have done. IL Is reported that
his well Is being UNDETERMINED and
viii be drilled To the lime. nIthon9h
.ncre are no wells In the lme for.
NATION in this vlciaity
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
STANDARD Oil COmpany's
Persian Concession

British oil circles do not appear
TO be greatly disturbed over the
report that the standard oil COM
pany has been granted as 5O-year
concessions In the north Persian
fields by the Persian government,
except 10 say that IL Is a great blow
to British diplomacy,
The value OF the fields is very
uncertain, experts agree, who point
out that the area has never been
explored for oil, and that the only
reason for supposing there Is OH
there is that oil IL plentiful TO tho
south, whore the output Is com
pletely tied up by British concessions
obtained IN 1919, This view is also
taken by an American expert. who
says that the Standard oil company's =
concession Is largely In the nature
of an adventure. Behind the
deal there has been eN-
tenslve diplomatic negotiations with
objections raised by Russia and
Great Britain York Herald,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04

reis, as against 365,742.0o0 barrels
during the corresponding period last
year, an increase OF per cent.
1T ls Interesting to compare the
production OF the major districts at
present with the production yeaI
ago. The daily average productt )n
OF ali u. 8. fields Is now
l,327,sso barrels, compared with l.
30S.635 barrels a year ago. The
north Louisiana and Arkansas dis
trict is producing 113,s00 barrels,
against s4,i60 barrels last year. and
central Texas Is producing iG+.5e9
barrels. against l3s,375 barrels a
year ago.
AT this time year ago the III
Dorado field in Arkansas was not
I'm the producing column. Today II
Is producing 46,l00 barrels. Haynes
vile, La, soday credited with 22.-
$50 barrels, was not producing a
year ago. Here is a total OF 69.O5O
barrels added TO north Louisiana
Arkansas production and still the
district is producing only 2s.C40
barrels more than 1t was yeor ago.
I'm central Texas we now have the
wonderful Mexia pool, which was
undiscovered a year ago. L. ia maxi
Ing 7S.s00 barrels. and yet Central
Texas is producing only 2S.l25 bar
rels more than II was a year ago.
These examples are eloquent OF
the important part that so-called
flush production plays in the ability
OF the petroleum industry 60 meet
requirements. Great new pools are
constantly required II production is
to keep pace with demand, and yet
the mere fact of the finding OF
these new pools always cIrrles a
threat or ovcrproduction and pros
tration In this sensitive industry"
CONTINUED ON NEXT PAGE
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Supply Not Equal To
Demand
By HAsCOM N. TGMMONs.
worlds Washington Correspondent.

Worlds Washington Correspondent
WASHfNGTON, Dec. 3. -- The
good old law OF supply and demand
Ia operating In tho oil industry, or
ficials of the interior department
believe.
IN supply and demand these Of
ncinls see the reason for the firm
condition of tho oil market followt
ing the recent price advances.
II II true that the demand has not
been as large as might have been
hoped for. but the supply has been
even more deficient. Ia October, the
last month for which the interior
department has official figures, the
production of oil was ii40,GI3 bar
res less than Ia September. Oc,o-
Der production this year was f.0OO,-
600 barrels short OF the October
production OF last year. Consump-
ton In october Of this year was only
100000 barrels less than In Octo-
bcr OF last year
or 70 put Il In anothcr, way: Do
mestlc production Of petroleum in
tho United states in October OF this
year was 35,G3s 900 barrels. Con.
sumption OF domestic and imported
petroleum in October OF this year
was 45.583 900 barrels. Even with
II $40. 900 barrels OF oil imported.
principally from Mexico, the stocks
~ oil on hand was only t72,2l5.000
barrels. Thus all tho oil I'm storage
In the United States at this time
would supply tho country's normal
demand for only III days.
Entries on public lands received
nj the land office here indicate
that wildcatting is 10 begin with
renewed vigor soon. How complete
was the cessation Of drilling nctivi-
Ties for months Ia indicated by the
fact that in October Of this year
only 752 producing wells were COM
plcted a. compared with 2.0S6 In
October of last year
by states the production .in Octo-
hor only. compared with october OF
last year, was NJ follows.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
J. s. Gdnfz Is Dead

J. s. CAN'T, president OF the Gantz
Tank Manufacturing company OF
Sapulpa, and one OF the bost known
and beS loved OF oil men. passed
away yesterday morning in n st.
Louis hospital, where he has been
under treatment for stomach
trouble.
comes as "a shock to the host OF
oil men who knew him, and that
he will be sadly missed by Tulsa
and Sapulpa members OF the oil fra
tcrnity H. without question. His
son. X. &. CAN'T, residing at Sa-
pulpa, IL the nearest relative left
to mourn his untimely death.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Refined Oil Prices

The standard Oil company OF
New Jersey has adopted a new basis
for quoting kerosene. The new
prices are as follows:
Water white Baume $50 in bulk
? cents a gallon. water white In
barrels, Baumo $50, 6 cents: water
white IN cases. baume $50. la%
cents. The new prices represent an
average reduction OF y cent gal
Ion. Wall Stpcet Journal
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
The TORkapa DRY Holes

| The TransContlncutAl oil COM
paDy's Camel farm tot at the center
of the cnst line Of the southwest of
p-2f-iw, which got dose OF salt
water at but u few feet In the reg
ulnr sand, Is shut down aud vii; not
he drilled amy deeper until tne
Prairie OIL ~ Gas company test
across ihe quarter section from IT,.
ana which was al q dustcr In that
sand. Is drilled decper. The Trans
continental well VIII he abandoned
al this depth unless the Prairie gets
"A deeper pay, according 10 local
'Of that company.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
OIL AND GAS
LsAAea--suppllcs---Y Yrs.u.,ion. M.

To whom II May Concern
Ehe property OF the Flesher Petro.
truin company, located In the Oaape
has been offered for sale by brokers
and representatives without author.
~ and this is TO notify the public
mat II Is not for sale and has been
-hkea ott tho market. We vii, not
consider offer through brokers and
VIII not deal with them and will not
pc responsible for any commission
rlaimed by brokers or paroles claim
ing 20 represent purchasers.
w. J, Flesher, President.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
In the Continental Pool
at BristOD

The Continental Oil companys
No. I well In 27-f6-9. Continental
pool. has been decpcncd two feet.
increasing it's production from $50
barrels to eco barrels per day. Fight
or ten wells are tn be drilled In In
this Important pool this wecb. and 10
n rapidly becoming fhc center OF
interest In this district. The Con-
tinental oil Company's No. . aud 3
ON this tract will get the pay within
the next two or three days
The Tidal oil company, Matthews
n Stinson test in the southeast of
2S-IB~O, n now estimated at 900 10
I, 900 barrels per day. Sand was
found from 2,9i2 to 2.03S feet. The
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
To Test Southwest
Of Walters

+. q. Ford and others have made
n location In the southwest OF the
northeast OF 3-3s-11w, Cotton county,
live miles southwest of Walters, and
VIII spud In within ten days
This property IL located about
three miles from producing wells,
no test having ever been made IN this
vicinity II will be drilled to $500
fectunlcss oil or gas In paying quan-
Titles Is found at "A less depth.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
Development in Venezuela

Millions OF dollars are now being
invested In developing the great oil
resources Of Venezuela, according TO
the Venezuelan commercial agency
of New York city. The largest oil
companies nthe United States are
at work, and American capital is
making rapid headway In compari-
son with British interests.
The Standard OH company of
New Jersey has leased large acreage
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04

Gypsy OIL company IL drilling into
the Dutchcr sand today ON It's
test In the southeast corner Of the
northeast sof 2S-f6-e.
The Ssrtain well on this Gates farm
In the southwest corner of the south
east Of 2i-1S-e, IL n 3OO-bnrrcI pro-
duccr. This Is the original wei In
this section. Same company's No
2, II drilling through. the Bartlcs-
Vile, where they picksd up n nice
showing the middle OF the week. but
are drilling on 10 the butcher sand,
where the big production ~ found.
Tho Gypsy Oil company II also. at
the top OF the butcher sand In It's
test offsctting the Cartain well, and
located In the northwest corner OF
the northeast OF the southeast OF
2s.Ie.0.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
BeiieUes Petroleum Industry
on UptuTH

NEW YORK, Dec. 3.-"The oil
industry Is not out OF the woods by
any means" said Thomas A. ODon-
nell, president OF tho American Pc
troleum institute. In statement
issued today. but believe Industrial
recovery will be the keynote OF the
institutes annual meeting at Chi
cago. Dece mber to &. Events OF
the last month or so have justified
the conclusion that the petroleum
industry IL on the upturn after n
profound depression. Nevertheless,
these are abnormal times when indi-
vidual viewpoints as to the many
problems confronting the petroleum
Industry should be heard and
studied. In my talks with oil men
recently l have heard many conflict
ing opinions respecting the actual
arrival of an Improvement in con-
ditions and the extent of the upturn
to be expected. My personal view
is that the situation has substantially
improved an dthat. while the equi-
librium between supply and demand
may temporarily be disturbed dur
ing the winter months. the telling
need for petroleum products In the
spring will signalize the beginning
of real revival.
THE past year has had the usual
crop OF oil production surprises
Early in the year, when a drastic
curtnllment of field operations be-
gan there was scarcely anyone who
would have predicted anything but
marked decline In crude oil pros
duction The number OF producing
oil wells completed during the first
10 months of this year was 1887,
as compared with 20.i4 for the
same period OF last year, n de slime
of 80 per cent. Nevertheless. our
production totaled 390.229,000 bar