Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-12-26
OIL MARKrr QUOTATIONS..
MdV Close IN Soon.
Nv LORENZO " MARrIN

weeks now before the fuel admins
,ration. or ~ least the oil dlviHlor
~ tho fuel administration. wlll rlOH'
its doors Thlp Information va "b
tnined from Officials who are II
close touch with the plans NJ Di
Administrator MARA l. Nrlua aud
while Mr neuua himself would
make no statement regarding these
plans. he refused IN make any spc
rife denial ~ them.
There ar. number ~ facts
which indicate that NJ n-aun Ia
planning So riusr hts nffireE within
n short time one Indication of
this IL that Homo ~ the most capn
hie Of his assistants already are
being transferred 10 other impor
tnnt and perms nent bureaus NJ the
government Another thing that
leads 10 this opinion that Mr.
Ji~qua. In addressing the employees
of the oil division last Friday ana
thanking them for their presenta .
tion OF n silver loving cup IN mp
probation of HIS services. made s.v .
rral remarks from which u was In
fsrrcd that he Intended TO retire
from his directorship very soon.
ftut WV NUu
tant evidence to this effect was the
modification last w-ek ~ govern
mental control Thia further and
most recent modification, In effect,
has practically brought govern
, 10 an end Tho announcement ~
this modification states that In
llne with the general, policy of tho
...vs.....ut 80 glSsta. al
AZ rapidly ~ conditions would war
asked the oil industry to suspend its
voluntary plan TO stabilize prices
and obtain uninterrupted flow OF
tended for period of three
months; and at the sams time II has
taken similar action as to any vol
untAry understa ndinss or agree
ments with respect 10 prices of
crude oil or It's refined products"
This modification praotjoAily 70.
ieases the oil industry from govern.
mental control. az II applies 10
svery section Of thA country, II Ia
pointed out. however. that this Ia a
suspension rather than a dismissal
of control. Tho authority OF the
fuel administration to control still
exists. but II is thought unlikely
that II will BE- sxerrised. Mr.. RsQua
stated To q representative OF the
Tulsa World that the suspension
will be permanent. qualifying his
words. however. with the phrase.
unless events prove tho necessity
of again exercising control" should
the government consider II necos-
sAfy. tho fuel administration would
have the authority again to assume
control Of the industry until tho
final peace In promulgated.
The administration has pointed
out however. that the licenses now
outstanding will remain In full force
and effect until the omulGation Of
peace. ane that theyules and rcGula.
lions ~ amended by the order of
December Z. are still effective. All
agreements will continue subject TO
cancellation or assignment on re-
quest of the fuel administration,
II has been announced that the
A0ecation of supplies OF petroleum
products for tho allies will terminate
huring tho month OF January. The
priority order with respect Ia ~ypor,
shipments OF gnsoliue and kerosene
will terminals with thu ALLEGATION
system. Tho ALLEGATION will continue
to cover aviation gasoline and other
supplies especially drawn from the
interior for foreign account until
these Supplies are finally taken Over
by the allies or until notice OF dis
continuance II issued by tho fuel
administration. The order now out.
standing regarding natural gas viii
remain unchanged, In iis modified
form All OF the above orders issued
this week ana last clearly show that
the barr are being rapidly lowered.
Mr.. Repua Expressed tho opinion
today that this nation can not hope
Tor commercial success or equality
In the world markets wlthou, some
amount OF government help. PROV.
idenoe has been vory kind to ms" he
said, but we cannot hope always to
be saved unless We help 90 save our.
selves ono OF our vital needs for
the future is efficiency n co-ordina.
tion, a syrchronixins OF Individual
effort such as never before has been
attained.
II think we may safely assume
as axiomatic that the government
should supervise wherever govern.
mont supervision becomes necessary
Tho method OF this supervision rnay
be land I believe often has heenl
fundamentally and economically m.
sound. I, will take time reH dust
matters sntisfnctotlly -
The position ot Mr.. Reaun ON gcv.
ernmen, supervision N clear Hut
u must not he assumed from this
fact that h- II In favor ~ absolute
control or even such
contrul M has been exercised nv the
government during the war That
he In not for any plan that contem'
plates sitting industry IN demon.
strated by a speech he made several
weeks ago at Atlantic CITY, In which
he said
"It needs only review ~ the
activities OF the government during
the last year ana u hair To- demon
.tratc how utterly Inadequate exist
ing laws have been IN meeting even
the simplest problems Industry
might not combine our r,ilwayH but
the government was forced to com.
blne them 90 give reasonable aud
adequate service Industry might
not sit In conference aud discuss
trade relations, practices and prices
lest II infringe upon the Sherman
law, yet government promptly de
mansed cooperative action IN order
that industry might efficiently dis.
charge It's functions
"Iiy agreement with government
uniforfh prices have been fised.
pooling Of output has been nccom.
uelnAed, markets have been divided
uoo4hods OF distribution have been
SEsSa upon; compe,ition has been