The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-07-24
In the OIL Fields


CONTINUED FROM PRECEDING FACE
they have Just put through? It
stands without parallel In any FOR
NOR Joint action tatcn by thcm.
and It is utterly az variance with
tho policy and practice OF price
| making heretofore INDUCED IN by
| them Evidently they no longer fonr
/ the prosecution OF either state ur
| federal officers. Too many NJ these
! officials are already IN their en-
! tuuraUo.
II is legislation at tho hands OF
/ congress they fear most. legislation
/ that would put an end TO tho COM
mon ownership among them.
Let us compare tho recent price
| fNiuE program with those oc for
! mrr DAYS Heretofore, Il has been 'hc
! policy of the standard on group to
] buy uIl md pay as much for 10 as
I anybody else and buy 10 as long as
| the other fcllow bought o. provided
/ ho was paving more for u than they
/ were paying II has hpCn their
7 policy always 10 maintain their post
ed price until the independent re-
finer was forced to yield his pre-
miums and cut thcm out There has
never been "A period In the history
,,',,o h,i,g sn ,,riycrs,Ilv MA ss n,
inIa ,iptc rho tpdrrrpdrnt rof,ncr
.ho,rs uo c,ilcnro ~ Dtg ti,,o of
uIi,ting tho rnli,v of nrrmi,in
paying.
To-day substantially all the oil ot
3S gravity or better is being sold nt
@ premium especially all the oil in
tho Mid-Coutincut ficldC
Last year when the Gult plpe
! Line company announced a dtftcrcn-
ih OF % cents on oil "f rs gravity
or better tho Prairie oil n Gas Co.
| complained utterly that II was q
departure from price making which
would not be good for the Industry
and that n would be a bad thing
Tor the producer ana yet they had
ncvor met this addition prico post
sd ny the CUR Pipe Line company
nor ala they force the CUR To aban-
don H. Condcn 81 co. purchase ap-
! proNimatcly 10000 barrels day
In tho Mid-Continent. paying 20
cents more for the OIL than the
standard subsidiaries when the oil
Is 3s gravity or better
What right have the Standard In
stitutions 10 ask individual producers
TO connect "A lease 10 their lines
which makes 3S grfavity oil, when
> such strong institutions as the Gult
Pipe Limo company and Cosden g.
Co. viii pay % cents moro than
they viii pay? And what special dis
pepsation do these companies have
from the Almighty to advise the IN
dependent producer that he should
sell his oil 20 them for 20 cents
less than these other strong institu-
tions Will pay for IT, What peculiar
charm do they have which would
make Il most profitable to tho pro-
ducer 10 sell 3S hrnvity oil TO them
for $3.50 when others would pay
him {lI5f Ego! Ego!
by their recent action In lowering
the price without forcing the re-
iinquishment or premiums through
out the country, they have recog. .
nl@ed the fairness aud Justice OF
these ditterentinls' and they could
gratetully bow 10 thelr competitors
ana adopt the principle. saying
that they no longer TX the price on
on or Ss gravity or better.
Moro OIL - pelhg sold ht pre-
mum To-Day thhn az any other Time
In the history or the business, Pre-
NUNS or 70 'ents ana 80 cents are
7 peIhE pald tntnushout Noitn Texas
2 premiums or ~ 'ents ana 70 cent
I arc being plld az MeNlh, ana In th'
-
: ~ one or the Iehuslh IN mo payh'hl
OF premiums EVldehty, II could no,
oman n supply Tor lt5 fenher'''
Wllhuut going our ma payihS more
l Iur Oii thah tne '"Ii anu the IeNn'
b would phy ior II. IN ord'r 10 ob'
% tdIn Is I,qu'IeihehIH, ~ hau 10 20
3ut ana PICK up 10Y OF royalty o.,
: pelng, pr9Guced ny INC IeHas, Gun
nhu huihpIe, anu IN ordcr 10 tet tuis y,
~ H"u ~ poy p'.Hl4u'l, n"u y"t u,
: recent statement IN the wehk ana
husHy ,HpldhatIoh luI tns teceh.
'E'S ~ lHe Ptits VI A'!H u"t''r"' ~
! Oh, Slusld'r halu NleNlCV IN ptouuc'ib
W9IIu OF or ana WIN continue to
. ~ ouu.t "o''u VI Oh HlUIo anI 'n1
,He slub'loh ~ ncihIIy uuu. IL.
kHo"s II pe'unSe ne nus opseiNu II
rom inc "IhuoW OF nus Pt'Vd,e ca, a,
~ recent tour 'HIouBh the OhI'eu
STATES, 80. r,-,-,-o,, ------.... =,
WIN Ine 0lhcIa'r ~ cpIlpahy !,
~ t|@cd, d,e-u'e "a Dk,shona ana
I%o,uIe uuin VI lHo 'Ul codat, ln
Dhl"HoIHd IL ma. n'en Hihpt tt
th3se most ius'hl'h, III ieuu'Ih6 ~
prices, ana mas heen one OF tne
l'hb'IS IN cutting me pIly'' VIM" lll