Salt Lake Telegram | 1928-04-21 | Page 6 | U. S. Oil Companies to Buy Russian Petroleum

U. U l. l S. S Oil Companies to ta Buy Russian Buy Russian Petroleum PARIS API 21 AP The AI-The The Standard Standa rt Oil 01 Company of New York and and the he 1 Vau- Vau um urn Oil 01 company have concluded a a. new agreement with wih the soviet government to for the purchase of crude petroleum It U was learned in authoritative circles to to- to day It I was wa assorted however that there was no question qU of thee slon this this' being a monopoly I I Charles F. F Meyer ho who was elected president of the Standard Oil 01 Company of New York yesterday closed an earlier earler contract for tor the company's purchases purchase and precipitated a price cutting war var with Europe the Ro Royal al Dutch Shell Shel company f f Sir Henri Deterding managing director dire dire- tor tot of or time the European company Insisted that the Standard by dealing with wih the tle soviet government was purchasing sto stolen tolen to- to len lest goods He lie contended that the tIme oil being bring bought from roni Russia Rusia was WI the property prop prop- i erty of private companies and had been seized seize by the soviet under unde tho nationalization of industry program t Mr Meyer fended defended his company's re relations relations re- re lations with wih the soviet as legitimate com corn merce His election eleton yesterday was WR re regarded regarded re- re gardes as indicating that the fight be between between between be- be tween the two companies was to be Intensified The Vacuum OH Oil 01 company Is another anoter member of or the Standard Standrd Oil 01 group grup and was also a purchaser of Russian Rus Rus- sian oil 01 previously The Te oil 01 Is I being eold In the near cashin east cash companies in India India and elsewhere by the time American