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Show Toe Thie rtm'tikn In Lh Anoalea, eertalnly la Maxplanatary. ahe'a tmMint and Me amlllnft and even anw'll-eeflt.ela.n'aeeiria' ta aa grinning. ' v Below Oevemer W.. MrSJonlaetar ! South Dakota, wbe ataried tha gaaeHne prlos war. L.-.. ..--aSaafca- ' V-ewr" Sharp Reduction in Gas Price Rumored Large Refinery Reported to Have Offered Wholesale Supply at 10 Cents a Gallon in New York NEW TORJC. Aug. I (By A. P,) Feporu were current In the financial district today that a Urge refinery had offered gaeoilna at wholesale at 10 cents a gallon, aa compared with tha tank wagon price of lilt eenta, quoted by the Rtandard Oil company of New fork. Nona of tha larger companies would admit having made or received re-ceived atich an offer, but It waa stated that thare waa ,llttle doubt bat. that some refiners, gnaHe to move Urge atoree of gaaotise through ordinary channels, would ha disposed to let it fu at aveu thla low price. . 0-,. . ,V Production of crude Wl In. California Cali-fornia waa aaid today to bo at a new high record rata of 7&,fXh barrele a, day. ' - "";''' i-ti Current condltloh l 'were pronounced the most disastrous since iai4-li. GASOLINE PRICE IN HOUSTON. TEXAS, CUT. HOt'STON. Texaa. Aug. H. The gasoline retail price waa cut from 11 to II cets here today. Com-panlaa Com-panlaa declared It waa not a price war. but tha result of accumulated a.ocka. . EXPORT PRICE OF CAS REDUCED. NEW YORK. Aug. U The Btandard Oil company of New Jer-aey Jer-aey today cut 1 cent a gallon from tha export prlea of gaaolina. quot tng-i.le cente a gallon for United StAtee navy apaeificatlona' In caaea for cargo lota aneV- 1IH ceata a gallon In hulk.-' |