The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-08-20
OIL nAHKrr QUOTATIONS..
OuilO0k More cheerful

Sow that Oh. oil producers them
solves, hy reason 81 tho cftottg pat
forth hy "a lew of the larger com
,,rna are luvnsiIratiuE tho pruduc-
tion figures n- given out u viii Doc
~intor,etiuF 20 note mat the latest
report issued by the national potro.
lcum institute shows AN actual de
elmo of about 5000 barrels IN Okla
humI and about 5000 barrels IN
Kansas THESE flgur"H will b" either
verified ur denounced ds excessive
and calculated go reduce prices and
that. within the next week or 10
days The runs arc being CHECKED NJ
by experts and there viii be no pos
sihl' chance for error.
In tho meantime. there are many
very good roasous for believing mat
better prlc,H for crud" arc on tn"
way. and that drilling operations can
BIO resumed again sometime within
the near future, by reason of, ana
on account OF. snid advance, bccnu@o,
should tho market once take an up
ward turn, IL viii be easy 10 fore
cast greatly Increased prices all
around. aud for the following rca-
sons.
There IL n better market for re
fined products than Mt any time In
the last six months. or since oil
Ili'lf lAt N'NlNlAN lNIihl wv NV W.
$3.50 TO 500 per barrel. Tho trade,
throughout the country. has at last
realized that prices have reached
the bottom, and the consequence IL
that ordor9 are coming In To tofIn-
ers In larger volumes n for great
cr rallonngo.
The export demand, so long do
layod. has at last really hcgun to
take on some activity and n order
" L,I ,.4ITl4Vn Un 11,l4n s.V flp
orient ls now on the way to the eon-
board. where II VIII bc canned hpd
shipped and viii net the rctinor "A
third moro for Kerosene than tn"
prevailing price, while the gasoline
viii 80 at good figures.
There IL a largo shipment of nat
ural gasoline, commonly known MS
casinghcad, being assembled for
shipment 10 ono Of the standard re-
f|inorics on the Atlantic coast, which
IL unusual TO sav the least. although
there has been much ~ this product
taken by California dealers and used
for blending PURPOSES. This new busi-
ness east hound. IL thought to ID"
the result Of n largo amount nf
Mexican gasoline needing treatment
with the lighter product.
Natural gasoline IL commanding
batter prices than In n long time
anu " ftIllllk NJ ~ anu IL ~ 'fnlNt
and In hard to find at that. II II
because the rcilncrs nre using It In
large quantities to tone up gasoline
which would otherwise be a triflc
high In initial or too heavy to give
the best service in starting n motor
car that has been standing and has
cooled off, and this practice viii
liSely continue into the cooler
months No It has been found n most
satisfactory way OF meeting all re-
q~uirements.
Refiners, everywhere, are crowd
ing the oil producers for n better
supply Of crude and reports from
E~ldorndo, Ark, state that II IL easy
to sell crude In that field for 10
cents premium, which would bring
the price IN to 90 cents per barrel.
not bad. by any means, when the
cost nt production and the big wells
are taken into consideration. Now
that the practice Of paying prcmi-
ums has started ovcr there. It will
likely grow and the premium Will
soon be up to 90 or % cents pc