The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-03-06
ImprOUed Conditions
Just Ahead

BY A. T.. LANDsITTEL.
Sale, Manager Producers a Rsfinsrs Corp
with the approach OF spring the
situation In the Mid.Continent field
is looked forward TO with great con-
fidence by reflners and operators.
There is little doubt but that there
will be an appreciable increase IN
the consumption OF gasoline during
the year, due principally to better
conditions throughout the agricul-
tural and Industrial districts, and
tho increased use OF motor trans
port made possible by the nation
wide good roads movement.
Inquiries are being received daily
by rcfiners from jobbers for con-
tracts covering :helr current year re-
quirenents. which seems 10 indicate
an apprehension on the part OF the
moro substantial jobber regarding
his supply. Conditions In general
throughout the middle west have
shown great improvement during
the past 80 days and in the state OF
Iowa particularly. New York life in
surance companies are preparing TO
offer TO the farmer flve-year. first
mortgage loans at reasonable rates
OF interest, which will permit the
liquidation Of frozen loans in rural
banks and make available for the
former funds for crop financing,
The steady flow OF money into the
eastern financial markets for the
past several years, seems to have
created surplus at that point, and
| the fact that vast sums OF money are
now TO be available for loans I'm the
west will without doubt be mate
| rally reflected In general conditions
before midsummer
The recently announced arrange
ment by WHICH the Empire Refiner-
| rlCs secure the use OF the Carson
/ Petroleum cOmpany's export termin-
/ ais at New orleans. and prepara-
| tions OF the Oceanic Oil corporation
| 20 become active In this field. should
! create increased competition In the
! purchase OF products for export,
/ which is certain to have consider
able bearing in the refined oil mar
! kets at least The addition o! these
| companies TO those already cstab-
| lished In the export business In the
! Mid-Contincut field, indicates at
least an Increased number OF in
| quiries and IL is hoped that foreign
trade will reach or exceed its for
! liltF NOIQllt anu tUdL thtn VIII tN-
| perience n comfortable and profit.
able business.
The recent advances in foreign
exchange, no doubt will stimulate
| foreign buying In all commodities
and manufactured articles; and in
view of the fact that oil is one OF
the essentials In industry, the en-
| tire situation warrants optimism.
This same condition, no doubt, will
also result I'm renewed industrial
activity I'm England, France and Bel
gium, particularly, which should re-
suit most favorably in the lubricat-
/ Ing oil situation. The resumption Of
| industrial activity abroad will cre-
bate better conditions. and result IN
| the consumption Of greater quanti-
/ ties of gasoline and Kerosene, the
greater portion OF which it is neces-
sary for foreign buyers to secure
| from American markets.
Final plans in connection with the
present freight-rate situation will In
all probability be determined at the
annual meeting of the Western Pc
troleum Refiners association to be
held In New Orleans on March 8
and 9, and 1t Is hoped that refincre
will be well represented and con-
tinue their work to remove the