The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-14


sand barrels moving daily to San
antonio relineries, a double amount
10 plant at New orleans, and two
cars dally TO a refinery in Canada,
IN addition to numerous irregular
shipments 70 small plants scattered
over the state. Premiums for crude
over period OF time on contract
ranges close to IS cents per barrel
above the posted price, with spot
stuh selling for 30 and 40 cents per
barrel Recent action on the part
of the Sinclair Crude OH Purchasing
company. Prairie pipe Line company
and other major concerns not to
solicit additional pipeline connections
until further notice Is aiding the re-
fineries in securing crude
\ survey was taken on the first
or this month on plants operating
In the state above the coastal refin-
ing territory shows a total Of 81 re-
filming and skimming plants being
operated by the major and lndepen-
dent companies. These plants are
refining approximately eighty-n!ro
thousand six hundred and twenty
i've barrels OF crude oil daily, or al
most 62 per cent of their possible
daily capacity. which amounts TO
l4S,900 barrels. These figures do
not Include plants under construc-
tion or those that have been idle for
a long period
Fuel oil continues to be the most
active product on the refined mar
ket with prices on an upward trend
In spite OF the fact that the raw
material can be purchased IS cents
per barrel cheaper than was the case
Ia
moving at 90 cents per barrel The
demand Is reported as being good
from fuel oil consumers within the
state. and a number OF inquiries for
trainload quantities for deliveries 10
points I'm the north and east were in
circulation early this week. Large
marketing concerns are endeavoring
TO contract for large quantities to
place In storage in anticipation OF
improved demand and prices as the
coal shortage develops. Stocks at
the refineries have been greatly re-
duced during tho past three weeks.
Wichita Falls refiners were receiving
from 90 cents to 81 per barrel for
their fuel early this week in tank
car lots, while Fort Worth concerns
were realizing fully 10 cents above
this price, owing TO freight differ
entail.
The shortage OF tank cars is hav-
Ing some bearing on the movement
OF fuel, and shippers are hesitating
on making deliveries to remote
points. The scarcity OF cars is be-
coming greater every day. and n
number OF rCfinors are knswn to be
several days behind on their deliv-
cries. Then considerable difficulty
Is being experienced in having cars
switched 20 and from the loading
racks. The refiners have hopes Of
the priority order on loaded and
empty tank cars issued by the I. c.
c. will reduce the danger Of an
acute shortage OF cars developing.
All cars moving from the plants
with cargoes are being traced care
fully and no rest is given the rail-
road companies until the cars are
returned.
Buyers are In full control OF the
gasoline market, and the domestic
demand for motor fuels during the
past week Is reported as being
somewhat slow. The plant owners
were quoting 55-5s straight run
from 13 to 13 1-2 cents per gallon,
while new navy was being offered
literally at 13 IA and "a IA cents.
SiXty-six-two gravity gasoline could
bf nhu lI'Ill 10 i-E ib 10 CENTS uli
64-66 at II l-2 to Is cents,
The Union Petroleum company
has been active in the gasoline mar
purchased 100000 gallons of 64-G6
gravity 375 end point gasoline from
two wichita Falls plants. half mil
lion and quarter million gallons
from San Antonio and Dallas refin-
cries. respectively, for export. II
is reported that Is cents per gallon
Z. o. b. shipping point was paid for
this material. The specifications on
high gravity motor fuels going to
European countries have just re-
Gently been changed from $50 end
point to 375 and 65 in order to COM
pete with European refineries that
are running on Persian and Russian
crudes, which have a large gasoline
yield
Natural gasoline and naphthas
have taken n decided slump in line
with the decline in straight run
gasoline prices, and early this week
caslnghead gasoline was offered
| freely at 16 IA to 16 "a cents per
| gallon. Naphtha could be had for
| less than IL cents.-The Oil Weekly.