The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-13
M, wApKUr QUOTATIONS.
Heads Of Big Companies
Bring Optimistic NcUs

Il do not think there 10 any chance
for a curtallmcnt Of runs. providing
producers continue the present cur
thllmont Of drilling operations W.
tho cheering news expressed by y
w. Mcmahon, vice president of th"
Sinclair oil company ana In chit o.
Of lts local office. VINO returned yes
,torday from New York nud Other
eastern polnta Production H now
oecllnine," continued Mr.. McMph"n.
"lnd by next Spring think Tho
large purchasing coinpanIoH WIN be
9TeWinE on their etorhg", which has
been Increasing fur the pact fe"
months,
prom all indications fuel oil VIII
be in good demand this wiutcf. as 7
found nearly all of the mills ana
factories back cast are now plan
ming TO resume operations, and with
the existing coal strikes AMI tho
email stock ON hand at tho present
time, a large demand for fuel oil
and refined products Will be created.
Il never saw such II change In
business sentiment as has occurred
since my last trip east, two months
ago, Everyone I talked To this time
WINS optimistic about general condi-
tlons throughout the country. Tho
condition In New York has Improved
, very much, and all lines Of industry
are looking forward To a return OF
better times right away, aud thia
must have "A good effect on the oil
industry. Money is much otslnr. ana
IN now available In New York ut a
per cent rate. In Massachusetts ]
found that the woolon industry IN
resuming operations. and II IL 'e-
ported that about l5O mills are max %
ing preparations to start up In III"
near future.
"The opinion expressed by the best
Informed oil men In the east is that
the Mexican Golden Lane has passed
the peak In prediction. and that II
is going to snow u rapid dec.inr. In
fact, the mnr,r portion ot the Amat
Ian field In now In water. ana IN
view OF this II In encouraging To the
producers In the Mid-Continont ticid
who have been hard hit by the flood
OF Mexican oil brought into TINS
country"
Dana Kelsey of the local office oi
the Prairie oil 4 Gas Co, who re-
turned yesterday from u few weeks
trip TO the east, also takes an opti
misic view OF the situation, Aihougf
his expressions are somewhat con
servative. Mr.. Kelsey says h" !
very glad TO return TO the oil coun
try and that Tulsa looks espcciail
good to him after spending cons,d
erable time In the manufacture
districts Of Massachusetts, and othe
Now England states. In an inter
view yesterday. he stated az follows
II "Conditions In the east are snow
ing some Improvement. although IN
movement is very gradual nun,
her of factories that have been com
pletsiy shut down are resuming op
eratiops on a reduced scale. and tn
general feeling of the people seem
batter. Conditions In Oklahoma com
pare most favorably with those o
the manufacturing and lndu.tr'a
district, as the unemployment an
general situation In undouptooi
much better here than In the eas'
The crude oil producer OF OkIahoih
has thus far. during this period q
depression, had u continued marke
for q msximum production. wh''
the Industries In the cast nave pee
almost at a standstili. irouuct'o
has shown small decreases In the ia'
few weeks In the Mid-Continent, pu
a much larger decline VIII nave 10
reeistercd before the equilibrium ,
production and consumption is agar
reached and II continued cur'h
ment of drilling operations IN iinpe'
nttyc. Tankagc IL fillins up ever
day and there IL. OF course, Inn
I, the available storage and nnanci
resources of the purchasers