The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-02-08
MI MARKET QUOTATIONS.
Junked

Under the above caption Wrisct
.so Claims to have omnipotert
y,ocledec Of conditions in the mid
'Sriinc1t field, takes occasion 10
,L,ov rocks at the little fellows who
.,o bsrn obliged to shut down dur
lnr IN, last two or three months and
~, ,br game mporarily, or until
Eo,c h3s been rcadJustment In
.ooeliions. undor which their skim
ming plants Cou'u oe P''''"''
operated. -
Tho fact ot the matter IL. these
.,ne "skimming plants" have shown
Emarkable good judgment In shut-
,rv down. The price OF crude where
.bs plant owns no production has
neon prohibltive and the price OF re-
,ned products much TOO low. IL has
zen DISASTROUS season for the
sss,' of hem, and old heads with un-
United capital and unlimited pro
auction have found the present win
,e- The hardest in many years.
Il is no time TO throw rocks, and
therefore there are many things
,nat have botallen some OF the
srger. or one could safely say larg
-. concerns in the business that
nave never been printed, and no
mention has been made of the fact
NAT tho biggest money lenders and
naunshops in the world have taken
aver many shares of stock al low
nr,oss 10 help the situation and pre-
vent a panic. nor has there been any
fsult found because or the short
Jsht.lness of the biggest pur-
base-s ot crude oil in the world who
,ayc failed to notify oil producers
of tho Impending crisis.
with the many Of the oil pro-
lucer, only receiving one dollar per
barrel now who formerly received
,bree dollars and fifty cents because
,hev are running only fifty per cent
o, the oil at two dollars barrel. the
situation is certainly critical enough
without adding fuel to the flames.
rls however, Just as well TO mention
The fact that somc of the largest and
most aggressive refiners In the
,ou,hvest we're contemptously re-
erred TO during the Gushing days as
'skimmers."
These men, 10 their great credit,
have made vast fortunes and have
no, shown the white feather during
me last few months. but have stood
for cooperation and for high prices
for crude and the low prices for re-
fined products with the added bur
den OF an unspeakable freight rate.
II is the greatest thing that ever
happened that the Export OIL cor
poration has been able TO do so
much to relieve the congestion dur
az the last few months and is today
Shipping regularly to its various Gus
,omers across the Atlantic. some
hing that is a marvellous perfor-
nance IN tfNse days when export
business is SO thoroughly demor-
ali7cd.
The fact that the Jndiahoma ha:
been able 10 take so large a share
6f oil and is still taking It, is a credit
10 tho genius OF Il Il. shock, t'
president and his great Organization
Il is none the less "A credit that r.
f. MARCEL, who is the head oe the
White Eagle Refining company, ha'
had the foresight to anticipate Tn,
situation as It has developed, ano
has cleaned up his tanks and IL nov
in position to so with the oncom
ing tide and do a large part OF th'
business that originates in southern
Kansas.
II is fact worth mentioning tina
Captain Constantin was not SO very
large 10 years ago, hut is now no
only tho head of a great refining or
ranzation, but still has and stil
operates his old-time plant that hsl
often been referred TO contemptu
ously as a SKINNER" lie has pu
over the biggest individual scoop
o. the year tEldorado, Ark ant
has a profit OF 10 or Is million dol
lars as the property stands today
He should bo able to clean up win
out the drilling OF another well.
Il is hardly safe, therefore, nor 1