Show i nr T i ij ti Yd n in 8 0 1 h I a e t D D J f 1 J kit I j I. I By iry C Cr i r. i ic rj r j l' l t OT be a dented denied i A that conditions oCt 1 affecting f t the t p oil j jf III f been n unsatisfactory ct rt for r c mouths months as e a r t j. j t the u 53 J Je In n consumption which fact the Q been e t d the c big rater rater- nt l. l co excuser urt cJ of crude uudo to a p point that the decreasing the price Y U s I aa an excuse l' l C not not pRy pay t tile f c cost t o of iP production d except P. P from toI gushers a antI and Ireby b J V forcine rc n many small m concerns e s ou out pf of business e s. s lere l r can b be n no question 1 however Jl J t. t Uw he t turn p 11 has S b been n. n t Mela e e iii the industry st r vas as s a i cs t t. t of o of the lW increasing n e Sl g. g consumption Q w d due citie industrial conditions and d it l is of cO general m to the gradual recovery ge ta 1 rude crude winch already aready dy MS begun to lo toI a that the price o 0 of IC I 1 will ni advance to the the point i it a attained tai b Before t the theline l lt t I U line commenced Q and r probably will il iley ey eventually t aJl far e exceed those C 1 Sit a JJ the i big inte interests arc not selling csc l nJ th the oi oil industry n t s short rF td 4 that t. t the they ha have Y e the utmost t confidence in in the fl future futuro o. o is s roY pros proven en I 4 a as p previously q l US y stated tnt that tha d during the te period of f. f dep depres- depres e t f. f tr they have hae been peen nt work uy buying ng and storm storing cr crude dc oil J 8 and Acquiring additional holdings of producing and prospective v Veil coil lands and nt at t. t prices lice that tha hay a ew few fe months hs ago go wo would ld have ve been been ridiculously pu J l low W anti and P winch whIch a short time hence also W will l appear lo to bothe prove proverbial bial song ng in in relation to bargains t ic T That such uchi vi views ws c expressed i in in this thi m col column l ar are arc not imaginative in oil and trade vii is indicated by editorial expressions iii numerous i p D The 11 Texas Teas Oil OiL Ledger for fot instance e d declares cla s that while many itan Q of the he smaller op operators are having difficulties l li un under tinder er the I Jj existing t g conditions n the thc larger operators are re taking advantage of the s same same Ie conditions and turning them be to their own W. W advantage The They h r are r r buying l oil QU properties f far fai r b below l their their ac actual va value u and arc r i advantage yin g of the s sacrifices which opera operators ors who are arc im improperly im- im properly financed are forced o to make T The e article continues s Values Vahie V are r way below norI normal noril l at the tho pre present e t ti time c and pr pre pit t i n. n a remarkable a le c contrast to o the boom bom prices of a few months J g g Today oday It H is IS p purely rel a ques question on of and those who have nave itA itin it A in the oil jl fields s ar are able to o make ake investment investments which winch will wit certainly v do do doubley bl treble and qu quadruple druple in value with the increasing oil oi price c is i inevitable during the he coming months r At time in h have the oil fields so attractive r At no history rY v oi appeared tive ye from fi ml a an iri investment standpoint as they do today and considering consider consider- o sider ing- ing jh business attitude of the tIle present administration it is i un- un ri ikey that s 's such ch cona conditions wi will ever return again It Its is lC known o t. t such periods of depression in In the past have hav been the he basis o othe of many l nr of- of f. f the he p greatest oil oi fortunes in i existence for the men who 1 j nad the e. e courage tura and anti the the mo money to take ake acv advantage tage of the tho I winch which only such conditions y can provide and who rode into 1 fortunes s with he the r recurrence currence o of ot normal conditions which always and d always must follow such periods period o of depression olow tT The Thereal e r real l financiers o of the oil oi industry who o refuse to put their money lito the oil 01 fields under boom conditions are plunging ay as never before n A As A t to oil ol land 1101 holdings Utah has 1185 witnessed ed the same procedure dure the big companies s acquiring prospective oil lands lauds at re oi ex- ex I fJ low prices bec because ue of 0 the numerous I del delays s 's in well weI corn com com I s 1 The turn rn soon will ivill wll b be experienced exp ri in this state and the com I companies corn com cornI I I paD s which h ch have aye adopted pl plans ns for development operations operations' are arG are T certain to experience the greatest prosperity v I |