Salt Lake Telegram | 1921-08-07 | Page 21 | Standards Are Storing Crude

Subsidiary Companies Are Building Immense Tank r Farms for Oil FLORENCE Kan 6 G. Information has been made public that the Pipe Jine company has contracted for the construction con con- of a million barrels new steel sloT sloT- age In Kansas and that the tho eighteen barrel tanks comprising It will be erected at various various' points on company holdings la In the tho stats stat In the tho near future This Is 1 the tho first step the Prairie has taken toward enlarging its iti buying facilities In Kansas since U it Us its big ninety from Florence Florenco to sta sta- lIon tion In Anderson county t The Prairie thus keeps on u. u par with the tho Sinclair OH Purchasing company which re recently re- re announced that some fifteen or twenty fl e would be erected In Kansas fields to keep pace with production Tho Prairie with the tho completion of this new will have bays K a total of some of barrels barrels' of t storage facilities ac according so- so cording to Information at hand today here anti and will nan add to lu its reputation for having moro more big storage tanks than any other company lu In t tho world Into this now new storage will go the Kansas crude oil which the tho Prairie Is not able ablo to ship The Tha Prairies Prairie's dally daIly runs rune stocks and have havo been Increasing steadily for some somo time In June Iune the day by day runs wore pr than at any time timo In the tho history history his his- tory tho company compan To the old time oilman there Is little in inthis this action of the tho Prairies Prairie's which looks look like an Increase In oil quotations very soon TOte The Prairie hardly would have let a chance to buy a million barrels ot of 1 fl oil so go by be because because be- be cause of storage antI and then build A a. million barrels on a market which was to rise soon It Is pointed out There Is some comfort however for the Prairies Prairie's action Indicates indicate there will b be no pro rating of oil runs at least very soon