Show BIG OIL CONTRACT FOR CLARK ROA S Salt Lake Route Makes Provi sion slon for Supply for Next Five Years EXPECT PRICE TO ADVANCE Expenditure of About 1 10 Made Mide by Officers to Run Until 1912 The Tho San Pedro Los Angeles and Salt Sail Lake L. r railroad company has hall awarded a con contract to the tho Sunset Hood Hoad Oil com com- any sany of or California which calls for or the delivery deliver of or moro more than barrels of ot fuel ruel l oil all before January 1913 The deal Is 18 of or particular III to oilmen oilmen oil oil- m men n not only because of or the quantity of oC oil which It Involves In but because the contract Im Implies lles that the price of or oil IK is expected to advance steadily dUrIng durIng dur dUr- ing the next Jive five years Ht-caulle Ht of ot this fact the deal will InVolve In In- In volve ol a n. consideration of or between and the amount varying according to th the quantity of oil that Is Ii consumed In excess of or the minimum established b by contract and the progression In price of or from 30 to 46 45 cents a barrel barre I h IhY Vc Y irn r Si The ThO contract stipulates that the rate shall be 10 0 cents a barrel In 1 1908 08 35 cents a barrel Jar or oil delivered In 1909 an and 45 cents a barrel for tor oil all delivered In 1911 and 1912 It Is 19 further agreed that the tho ho oil all must be delivered f. f o. o b. b In cars to be supplied by the railroad at Monarch Cal or an any other r point on the Sunset railroad between Monarch and antI the present terminus of or the line Through the present arrangement the Clark Clarl road rond has hns practically provided ro for its fuel oJ oil supply for use O In its locomotives locomotives locomotives loco loco- motives stationary engines and antI boilers for Cor or road rond use and end all other purposes to cover er a period of at live five years Tho The period of or deliver delivery will bc begin ln January Januar 1 next n Ry By that time the tho ho compau com com- pau pany must have havo stored barrels of or oil In order to comply with the tho terms of at the tho ho contract Tho The product must range between 13 and 17 degrees test r To r nt More fort Well VelIN IN In order to fulfill fulfil its part of at the agreement the Sunset Road Oil company com corn pany will employ strings s of or tools In drilling new wells and cleaning the theold theold old olet wells that are ore said to have 0 a present pres ent dally daily capacity of or barrels pro iwo d tic Lion R. R It R. Wells general manager and W. W Yo II H. Comstock secretary signed the contract for Cor the railroad company and ad C. C M. M Deal and Pay Fay Fa C. C lieal Beal acted In Inthe Inthe Inthe the same samo capacity for tor the Sunset com corn Ilan pany H H- A. A Blodgett I la Is the tho manager of ot the latter Jatter concern |