The Duncan Daily Banner (Duncan, Okla.), Vol. 1, No. 91, Ed. 1 Friday, June 17, 1921 Page: 2 of 6
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4
PACE SEVE
i'ORS
REPAIRED
y
on men PRE :n
SUDDEN DROP TO
BOTTOM PRICES
OIL MARKET QUOTATIONS
Duncan $1 00 Kan 41 Okla
Pennsylvania 275
Canada 288
Corning 165
Somerset T 135
Ragland — 128
North 'Jma 208
South Uma 208
Indiana 136
eiymou h i 26
Princo'n 152
Bull Bayou 90
rf-
is Still Standing
Behind Operators
RANCER June 17 — The intest
blow to oil producer in the form of
an additional cut in the price of crude ft Tltlk Cnncem
has added but little to their depress- ? 1 auK concern
sion or to the further curtailment of
operations for the price already had
dropped below the cost of profitable
production and development - new
production already had been c-ohib-jtive
except where dri'linsr of r ouir-
ed offsets made it imperative
But it would be a relief to them
as many of them say if the influences
which determine selling would reach
a conclusion fs to what “bottom
prices’ are to be and would get down
id that level at once regardless of
the losses that a sudden droo would
entail instead of a series of gradual
price reductions
They base this attitude — the
fact that they look to future opera
100
Homer 100
i Ml non 152
Hr Id ton 50
Corsicana light 75
Corsicana heavy 50
Electra 1 00
Moran 100
Burkburnett 100
Henryetta 100
Hewitt 100
Ranger 1001
The tank farm of Black Sivalls
Bryson with its enormous re-
sources scattered throughout the
United States will stand squarely be-
hind the producers during the pres-
ent crisis J A Grubb local man-
ager declared Friday morning
“This company has $8000000
worth of tanks right now and our
factories are still running” Mr Grubb
said “We intend to offer every as-
sistance we ran
“To show our faith in prices we
higher figure than it is now
quoted t Our business is better than
at any time since we entered the
Duncan field and we do not expect
to see drilling suspend We ars con-
fident it will continue strong through
out the summer”
o —
TEST BEING MADE
OF EL DORADO WELLS
are selling tanks every day in the
t-rons "for the' enhancement of their P'can field and are agreeing to not
business and since most bf the hold-5 torpayment until od is relhng
ings of the independent operators in a
this territory are only proven bW f -on
one to three or four wells if the
price had reached absolute bottom
and they could be facing a rising
market they could safely proceed with
operations and look ahead to increas-
ing profits instead of as now facing
the prospect of constantly increasing
losses
It is the belief of these men that
notwithstanding the millions of bar-
rels already produced in the Ranger
field a very small fraction of the oil
wealth of this territory has been
brought to the surface Experts say
that this whole section will be drilled
to 4000 feet or more and that the
sand which has been the source of
the oil in the lime formation will be
found
They say that ymq is not an oil-
carrying formation and that the fluid
in it is a “crevice oil” originating
in a sand not yet reached in many
EL DORADO Ark Junol7—
(Special) — Beal and Thomas on the
Pendleton lease in section 32-17-15
has been drilled a total depth of 1200
feet and are pleased with the show-
ing so so far This well lies in a
direct line between the El Dorado
oil field and the Moroe gas field and
is attracting considerable attention
The Weir-Estrella well on the Mit-
cham lease in section 32-17-15 has
been drilled to a total depth of 2161
feet When bailed the well made one
good head and considerable more oil
was bailed from the hole A test
aken of the oil shows it to be al-
FREE THIS WEEK
With every pint of Ballardvale Olive Oil a special jar of Fancy Se-
lected Cherries Ballardvale Olive Oil is an imported virgin oil of
the finest quality
I Pint Tin Imported Ballardvale Olive Oil $125
1 Bottle Fancy Selected Whole Cherries 20
' Regular Price :$145
SPECIAL — Both for -98c
The Rexall Store J B Carmichael & Son
parts of the field The deeper drill
ing in the Frankell pool which re
suited
and heavy producing sand on the j high gravity It will be put on the
“If Texas were chopped off loose
from the rest of the United States
and the Panhandle it would float out
in the ocean as it rests upon a vast
subterranean sea of fresh water
“Texas is so big that the people
in Brownsville call the Dallas people
Yankees and the citizens of El Paso
sneer at the citizens of Texarkana
Texas as being big snobs from the
effete east
“It is 150 miles farther 'from El
Paso Texas to Texarkana Texas
than it is from Chicago to New York
Fort Worth is nearer St Paul Minn
than it is to Brownsville
“The chief occupation of the peo-
ple of Texas is trying to keep from
making all the money in the world
The chief pursuit of the people of
Texas was formely Mexicans but now
it is land buyers steers and Texas
crop records
“The United States with Texas off
would look like a three-legged Bos-
ton terrier-
“Texans are so proud of Texas
that they can not sleep at night If
a Texan’s head should be opened the
map of Texas would be found pho-
tographed on his brain This is also
true of his heart Unless your front
gate is 18 miles from your front
door you do not belong to society as
constituted in Texas One lady’s gate
is 150 miles from her front door and
she is thinking of moving her house
THE KETCHEL-JOHNSftN FIGHT I
Anybody who wasn’t afraid ot Jack
Johnson and who packed a stinging' i
wallop in either fist was knowi as a i
white hope after the Texas negro
became heavyweight champion of the j
world The first important white
hope to tackle Johnson was Stanley J
Ketchel whose triumphs had been '
eves examined
NO GLASSES
FITTED BY
Ao?WE
specialist
70S Main Street
in the discovery of the deep most entirely free from water and oft
Iu:u T :i v on the hack so that she will not be annoyed
are confident hr Passine a-’tomobiles and peddlers
Stewart and Nannie Walker lenses
is cited as corroborating this view
o
Oil Production
in Texas Fields r
Shows Big Drop
FORT WORTH June 17— Produc-
tion figures for the week show a loss
from that of last week of more than
4000 barrels in daily average for the
North and North Central Texas oil
fields Pipe line runs for the week
re 198910 barrels daily compared
with daily runs a week ago of 203-
020 and runs two weeks ago of more
than 205000 barrels The largest
declines of the week were reported
from the Burkburnett and the Ste-
phens county districts
Burkburnett dropped from 53500
last week to a present output of 51-
050 barrels danly - while Stephens
county dropped from 92040 a week
ago to 89725 barrels for this week
The Mexia field lost about 700 bar-
rels in daily runs also and there
were slight losses reported from Iowa
Park Petrolia and Young county
Some of this loss was offset by gains
at Ranger and Desdemona
Following is the daily runs from
each of the fields according to the
latest reports :
Electra 12400 Burkburnett 51-
050 Iowa Park 3790 Holiday 1160
Petrolia 890 Young county 8250
Strawn 670 Stephens county 89725
Moran 155 Eastland-Ranger 18760
Coleman county 150 Brown county
310 Desdemona 7270 and Mexia 4-
830 McPhail Well is
Flowing 150 Bbls
T hrough T wo-lnch
McPHAIL 7890$ 7890$ 7890$
j beam and the drillers
that it will be good for several hun-
jdred barrels of oil a day
The Brummett-Duckett-Julion well
is being' bailed on the Baker lease
DENTAL X-RAYS
DRS SMITH & KIEBLER
among middleweights I Dpntictc
He was no match for the powtrful nC 11 1 1
Johnson who knocked him out in 12 1 Clty Nat 1 Bank Bldg— Phone 74
rounds at Colma Cal Oct 16 1909 — —
Ketchel weighed only 177 pounds
while Johnson’s total displacement
was 198 pounds
Only once in the 12 rounds was
hre an opportunity for the Michi-
gan fighter to win This was just a
moment before the finish when Ketch-
el sent the champion to floor with
a left swing to the jaw Johnson
toppled over on his back and made
several attempts to rise before he
succeeded Whether he dras purpose-
ly staying down for a rest no one
ever learned
Seeing that Johnson appeared da7-
ed Ketchel rushed at the negro as
soon as he arose Johnson ca mly
awaited the attack and jammed a I
right and then a left against the
challenger’s jaw These ternfiu
swats not only sent Ketchel sprawl-
ing on his back but their force over-
balanced Johnson and he too fell
down Both men were on the floor
when the referee began calling the-
seconds Johnson got up hut Kotch-
“Other Texas landlords have whole
nountain ranges and rivers or ther
ranches One Texan has 40 miles of el remained prostrate and was count
in section 7-18-15 The Union Cen-
tral Oil company (Graveyard well)
in section 33-17-15 has been declar-
ed a dry hole at 2500 feet An-
other well within a short distance
will be drilled to 3500 feet which t OA
developments will influence the fu-j wor' tl tract of five feet by 20
ture of the first well !eet" an? hav enuh eft over or
Reports which have not been viri-iH1 armies of the world to march
fled state the Standard Oil company ar°“nd the border fve abreast
well in section 37-17-15 blew in
navigable river on his farm If the
proportion of cultivated land in Texas
were the same as Illinois the value
of Texas crops would equal that of
the 47 other states
“Texas has enough land to supply
every man woman and child in the
while the drillers were preparing to
test
The Wilcox Oil company is test-
ing Rowland No 1 well in section
5-18-15 which is said to be making
some oil
The 6-inch pipe line of the Louis-
iana Oil and Refining company has
been completed from Haynesville to
El Dorado and will begin taking oil
some time this week This line runs
from the pumping station on the
Mack lease in section 8-18-15 where Dallas
they have their fifty-five tanks and
will be able to handle from 10000
to 12000 barrels dailjk and should
have a decided effect on the price
of El Dorado crude The line has
been given the water test Lateral
line runs from all parts of the field
to the tank farm
A message from the Arkansas Press
association states that it will arrive
Saturday with a minimum of 150
members and requested that if pos-
sible it be arranged to time tho com-
ing in of at least one veil with their
arrival in the field
-o
ed out
KOLB & WEAVER
(Successful Service)
Barrett Bldg Phone 522
“ Sin-Bound Men at T
the First Baptist church
Sunday
repair refinish' upholster and
decorate furniture
Phone LEE to come and give you
an estimate
Furniture and-
big hog he would be able to dig thim Repairing
Panama canal in three roots
“If all the Texas steers were one
steer he would stand with his front
feet in he Gulf of Mexico one hind
foot in Hudson Bay and the other in
the Arctic ocean and with his tail
brush off the mif from the Aurora
Borealis” Some state! — Reserve Se-
WAHTED-OIL LEASES
Have buyer for oil leases in
townships one and two south
Seven West Owners of oil
leases in these two townships
will do well to see us imme-
diately Hardin & Ridge
Phone 384 — 831 Vi ' Main St
- (
PI ANS CHANGED FOR
BOY SCOUT MEETING
TEXAS A BIG STATE
The No 1 well of McPhail and
thera in the northwest corner of
the northeast of the northeast of sec
tion 29-1S-8 is flowing 150 barrels
through two inch casing Sand was
found from’ 2296 to 2298 feet
Beard and others No 1 Hines in
the southeast corner of the northwest
of the northeast of the southwest of
8S-ln-9 is shut down after finding
salt water at 2045 feet
“Texas occupies all of the contin-
ent of North America except the
small part set aside for the United
States and Canada Texaa owns all
the north of the Rio Grande the only
dusty river in the world also the
only one with the possible exception
of the Trinity which is navigable for
mud cats and pedestrians
“Texas is bounded on tho north
by 25 or 30 states on the east by
all the oceans in the world except the
Pacific and on the south by the Gulf
of Mexico and South America and
on the west by tho Pacific ocean the
milky way and the aiders! universe
Owin o hortness of time the com-
mittee that was working on the ban-
quet for the boy scouts tonight de-
cided to postpone the banquet to a later-date
This will give everyone the' Oppor-
tunity to hear JP Fitch represen-
tative of the national council ot the
Boy Scouts of America M Fitch
is one of the pioneer scout men of
America and has been in this work
for eleven years
Every man interested in boys is
urged to attend this meeting espe-
cially members of the Kiwan’s Ro-
tary Chamber of Commerce and oth-
er clubs This meeting will mean
more for the boyhood of Duncan than
any that has been held before for
it should see the whole community
lining up to back the boys and give
them the things that they need to
develop into virile American citizen-
ship The meeting will be held at Hous-
ton garage auditorium and will be-
gin promptly at 8:15 If you are
interested in the future of Duncan
be on hand
FRENSLEY & FRENSLEY
Exclusive
Insurance tBonds Farm & City Loans
Phone 393 Buckholtz Building
WIIH:i!l!IMII!!lllllll!lllll!!IIIIIHIIIU)ll!ll!IIIIUIIIIIIinilllllllllllHllllli!IIIIIIIIIIIIIM
-
1 Leland Steering Wheel Locks Electric Horns No-Leak-1
O-Rings We install Boyce Motor Meters
Cylinder Head Gaskets Ignition Parts Clutch Facings
Wrenches
For all Makes of Cars
Goodyear Tires and Tubes
EVERYTHING IN PARTS
FOR YOUR LITTLE
“4”
FORD GAR
SEYMOUR & LAWS CO
Phone 512
WE REPAIR TUBES
Duncan Okla No 8 North 9th St
- 1- Inis u M uel TURBO GENERATORS
AUTO IGNITION COMPANY
North 8th Street Phone 589-J
Moon Hearing
and Rushes
in Stock
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SHAW & LOBERT CONSTRUCTION
COMPANY
General Building Contractors
“ Speed and Efficiency — Our Motto
' Let us give estimates
—OFFICE—
Maxwell-Davis Hardware Company — Main Street
S
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LSit
BRUNSWICK & PORTAGE TIRES
TUBES "SSTiST ACCESSORIES
N W Ray
2 doors Worth P O
Phone 5
THE UTIIVEB&Ai CAD
If you expect your car to give good results use —
genuine Ford parts only
In purchasing these parts remember the Authorized Ford
Dealer handles nothing but GENUINE FORD PARTS
Bastard parts will not stand the strain
HOUSTON AUTO COMPANY
Duncan Phone 177 Oklahoma
EADS & McGUNE
— Architects and Building Engineers —
Phone 341— Buckholtz Building — Duncan Oklahoma
A Good Bank Back
of You Means Success
With a regular account here you are in a position
to ask and receive advice accommodations and the full
use of our many facilities
There is no question of its being an advantage to
have a good bank back of you
We solicit the opportunity to prove to you that
this Bank is good in its soundness personnel and ser-
vice I
SECURITY STATE BANK
MARKHAM LUMBER GO
Handles the Best
LUMBER AND BUILDUPS MATERIALS
PAINTS OILS BRICK ETC
His Prices Are Always Right
Let Us Figure on Your Bill
Credit Personal Attention
'A Complete Banking Service
‘Credit is a development of the business world but
it is the B&nk which makes the credit usable
Our facilities for handling your credit require-
ments are equal to any legitimate need
In fact there is no service which can properly come
from the Bank that we are not prepared to render you
You may profit through a connection with this
Bank
First National Bank
MIHDIM
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Wood, H. F. The Duncan Daily Banner (Duncan, Okla.), Vol. 1, No. 91, Ed. 1 Friday, June 17, 1921, newspaper, June 17, 1921; Duncan, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1756853/m1/2/?q=%22%22~1: accessed July 3, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.