The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-08-17
oil, MARKET QUOTATIONS.
Railroad Rates Noto LODer
Is Reason Gipen for Adrdnce

.rhe recent reduction in railroad
,lfoa * given az the reason Tor the
Increased activity among purchasing
s.auts at Eldoyado, Ark" where, as
,y4s stated I'm yesterdays World, the
it,lo fellows have followed thc
Standard Of Indiana and have met
,. postcd price Of 40 cents for the
..st grade of Eldorado crude, which
r..ons an average advance OF at
i,,st 20 cents a barrel in that field.
, II all happened closely following a
nrotcst made in this column ny
Gustafson and Spencer who are pur-
chasing refined stuff from tho re-
fncrs AT Eldorado who made u
Main that there must be lower rates
on the output OF refincrios, as vol
~ on the shipment Of crude by ran.
90 the refinerics at Tulsa.
There will be n corresponding In
crease I'm the price OF crude, Just ~
soon as the rates from Oklahoma on
,,fiucd stuff and fuel oil have been
.lfusted, az they likely VIII be. fol-
,,,ying a meeting Of railroad presi-
dents in New York. which has Just
closed an interesting session. The
oil men were represented by Faycttc
T Dow ot Washington, u. c.. VINO
.r au able manner stated the ques-
ION plainly and said that the ran
Dad people themselves were losing
large sums of money every day In
Inc year by reason Of the high rates
on fuel and on petroleum products
The railroad presidents were
much impressed. and asked many
pertinent questions and imme-
d4teIv referred the whole matter
90 the three district committees
Naving the matter OF railroad rates
n charge, and inasmuch as the cat
ilsmen have just been granted a
very sizcable decrease In the rates
ON long distance hauls, the chances
are the oil men Will faro as well
should this happen, II will put the
independent refincr In the midcon-
tncnt field in Il position 10 cover
wider territory, and will make him
a real contender in the oil business
uf the country.
The pipe lines have been looked
after, not only in the matter OF q
tariff on Oil, but have been relieved
or the burden Of the 8 per cent fed
oral tax on pipe line shipments of
oil and every other way that IL pos
s.blc. under very friendly admins
ration. 1t IL no more than right
that the Independent retiner gets
what he needs the most. and must
have. to survive, and that Is, lower
freight rate on oil.
At Eldorado. there Ia a mighty big
difference in the attitude OF the
pipe lines and the purchasers OF
crude since the lower rates were
granted. II is even said that ground
oil that has been exposed TO the ele'
mcnts for the last six months, is be
Ing pumped up and sold, and Is
bringing fairly good price. Thh
Will certainly he pleasing news tC
tho railroads, who have made the
rates low enough to allow this cheaT
oil 10 be moved.
There will be afamine In gasoline
one Of these days, unless there IL a
better market for fuel oil, because
gasoline cannot carry the burdor
with fuel oil selling at only 3j cents
barrel. This is the outstand!ns
fact Of the entire situation, and un
less there is a tariff on crude oil
there will be lot less refining done
and in the meantime the demand foI
gasoline ia increasing by leaps anC
bounds.