OCR Text |
Show Oil. CONTUOVEIWY CLUAIU.VO Tho controversy supplying fuel for government requlretnunts on tbo Pacific seems to bo virtually settled by tho government making a contract with tho Standard Oil at $2.00 per batrel for three months. Previous to this tho Navy dupartnittnt has been sotting a fixed price considerably below tho market price and selling tho oil ou that basis. These tactics aro demoralising the oil Industry and has boos kept up for ovor n your past. Acceptance of basis of oil companies on a business busi-ness basis Instead of continuing tbo "solsutr process" has greatly relieved tho situation as it will probably result In a gonorai arrangement whereby oil will bo purchased on a basis in the future, the aam as on Atlantic Coast. |