The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-02-23
nn Marhrt QuctatIans.
An Apology

In Tuesdays World, on the oil
mage. there appeared a reproduction
ofa story from the Wall Street Jour
naI where for some unknown reason
mat paper was not credited as It
sbould not have BEEN, and ii Is the
mile al this desk to credit anything
and everything. which by the way,
is probabiy unique among newspa-
pers handling oil dope.
The story was a good one, and
quoted some unknown refiner as
saving there was going to be a run
away market for gasoline this sum-
mer. and this unknown rcfiner was
generally thought to be President
henson Of the Tidewater. There Is
no particular reason why this should
be credited to him, except that he
has been optimistic all during the
spring, and is frequently quoted in
New York papers
The above is given just TO prove
that II was an oversight, that tho
Wall street journal was not given
credit lt is doubtful IL any of the
New York papers ever for one min
ute think OF giving The World credit,
because much of the original news
printed in the way of interviews here
comes back credited to the New
York Journal of Commerce, or some
ether paper at that seaport.
There is a reason for all this, and
that Is that frequently the young
men who correspond with magazines
and papers outside of this city, have
the nerve to quote prominent re-
flners" as saying II Is expected that
a lower price for Mid-Contincnt
crude will soon be posted, with cor
responding decline in gasoline and
other refined products"
This is all bunc, and should be
stopped right now. There is no in
dependent refiner in Tulsa or any
where else worrying about the price
Of crude. And especially. he Is not
putting il in print that he is In favor
Of any such procedure on the part
Of the big people who buy oil in the
Mid-Continent field.
1t all hurts the selling price, and
therefore the Independent refiner is
sore and has the right to be, and
the only wonder is that some OF
these newspaper men" are not
taken out some OF these dark nights
and ku-kluXed.
who over estimates the output is
mighty soon shown the error of his
ways
The same thing is true with the
farmers. Everybody knows that the
wheat crop for next year Is in bad
way. and has been injured by reason
Of recurring cold and dry weather.
There is no doubt but that the wise
speculators have made a lot of
money on the market. and certainly
the farmers who have wheat in the
bins would resent any sort of pub
Lefty that would have a tendency
TO break the market-and certainly
why not the oil men?
The fact is there Is one particu-
lar product that even the farmer
with low-prlced farm products will
buy, and that is gasoline. 1t is said
that up in Iowa the farmers are
buying gasoline and paying for same
with notes bearing interest. and that
although the banks will not cash
these notes the filling station people
are glad to get them. and are tuck
ing them away. and expect them TO
be paid on maturity without ques-
iion-and there you are!
There are not many oil producers
who have any fear as to over-pro-
duction, and strange to say, they are
only those who have an overplus OF
good luck and are completing big
wells. It is not the little man who
Is pumping the old timers, and is
only getting even, who is making
any talk about an over-supply OF
crude, and he is the man who Is
perfectly willing to make 1t rough
Tor the prognosticators OF disaster.
Purchasers OF refined stuff had
pest make contracts now. There
never was a better time for the Job
oer TO come to Tulsa and sign up on
the dotted line for his future sup