The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-04-09
az, nsrs.t ouo,stion.
The Canning Week in the
OH InduStrU

Vh tho opening Of the market
N.rII.. tho tank wagon price of
.tauIu, vI'l bc one ana a half ,euts
HIrnpr Iu Chicago and uuc-half
cent u what ~ known nH tho Sian
Itrd uf Iuuinua territory and out
lido OF chicago. This az course,
vra forecast i1 this column
Thur1uy morning. n leaves the
pIfc, mt chicago NJ "a cents. nud
outside Rt ~ cents also making It
uniform.
THE coming wook throughout tho
oil country IA looked upon aB being
a most important time In tho history
~ rho oil country. innsmuCh ~ " ls
expected Tor tho time TO show q
Irfld failing or In production. This,
OF course, ~ chiefly ,hurgcpblo TO
tho severe rains. but there b. an
other reason, and that is. that the
production of oil. Ike tho rain that
nourishes rho earth. comes in cycles
and now n r. confidently predicted
that there will he a great falling OF
I'm flush production and gushor
wells.
hoy. page Mr.. Babson! Tho only
man who has made q success OF
predictions and tho business ~ he-
ing n prophet, might know just how
continue. Ito says that nature av-
ersRes the rainfall from year 10 year.
and 80 would bo interesting 20 know
n no has kept tan and can tell
us whether wo have had enough
rain 60 offset all tho dry weather
which has been in evidence during
Tho last lear or two, or not. People
bet on Rabson and win.
The rain appears 10 be general all
over tho United States. and II has
put n damptner on tho spirits of
the sales managers OF tho companies
operating out OF here, but they
might a. VOL figure rs n good
thing 10 have rain In punches and
then "A long period Of good auto
mobile weather. with sunny skies
and good roads. ono thanR IN ccr-
tain. behind the clouds the sun IL
ever shining. The oil men, under
the circumstances, aro unusually
cheerful. having emerged from the
gloom that held them all In tho
dumps during the past year and n
half. The successful man is a
cheerful man.
Tho stock market Is expected 20
show somo interesting changes dur
Nng tho coming week. as some Of
tho best OF them. like Phillips Pc
Alhl'hillt NlltbA anu Nnt NkfllN VII
company have been stationary a.
coGpared with some of tho rest. OF
thomi and these three are certainly
among tho most substantial and
safe Investments. They are all du,
for a rnise. There is ono peculiar
situation, TO wit: that Cosdon nj
fJ1 seems 10 be braced both way
against the change, as there ar,
said TO be lot OF orders to sci
at an advance, or 60 buy at n de,
cline. This Is truo OF many OF the
other divided paying Issues, or those
that are expected 20 go on u divi.
dend paying basis In the near fu-
ture.
Tho big holdings OF oil IN storage
which Suclair and the Standard oi
Indiana have acquired, are beyond
a doubt most stabilizing factor
IN the market II Is impossible tc
estimate Sinclair profits should al
become scarce, as IL Is bound to, and
on the other hand, Il is impossibl,
10 oven dmaglne what would happer
were oil TO drop to "A dollar n barrel
II Is having "A most salutary effect
this crude In storage. Tho Cuminl
week may see tho development O
the much -rumored 100000. .OO)
merger which, n conmmmate,
would certainly send prices skyward
This with special reference 10 pro
duction In the field.
With better weather, which ts du
now, there should no much bette
outlook and everybody smiling.