Show J Significant Incident in Oil I By Ira C. C Tic tenor the claim daim recently made in this column that conditions in Ef Ii oil situation m made d it n not t only possible but p probable that the theof of crude eventually might advance to 10 a barrel consider consider- ole e can be attached to the tel telegraphic graph c report from sh n ton that fuel tuel bids open opened by the navy department covered less than 11 of the barrels asked ed for tor while the price quo quoted were ere more morean II an 00 per cent above aboe those In current contracts gig is stated that a of about a barrel barre for tor t the e delivery delivery of ot barrels at Atlantic coast ports submitted 1 by y th the Texas Oil company Id of on barrels submitted by the he S Standard an rd Oil company copany the total of ot bids received I ic 0 navys navy's fuel oil all requirements on the Atlantic coast will continue to be beed bepp beI pp ed d under contracts cOl which h. h do no not expire until June 30 O. O In view of ot a i icen cen statement by hy Secretary Daniels that he he would Insist on an adequate I pp of ot fuel tuel oil for tor the nations nation's fighting reasonable prices price It is i pee ed cd that the navy department will take steps previous to o June 30 to tose I Iere ere se se the commandeering authority under the act the question otIe of ot to to be settled later is as be opened next next week for tor barrels of ot fuel tuel oil for tor use on one e Ie coast It Is confidently expected expected that tha no better lette re results will be ta than were realized by the bidding for tor the Atlantic supply and will make It necessary for tor the navy department also to r resort sort to to the er act In order to get its west coast supply Cw or some time government officials have expressed much concern over overe e 0 situation because of ot the increased shortage and c mand which already has resulted in more than trebling the price of ot crude In- In Inthe the past two and a halt half years I P. P often oCten has been referred to as liquid J gold and this expression 11 lu to be more appropriate as the price of at crude oil an advances es to a n. in at would woud have seemed impossible when crude was selling at 90 cents I 1 1 in the fields and less than that on the Pacific |