The Washington herald., 1920-07-16
SHIPPING BOARD
RECEIVES BIDS
Approximately l22,553.-
600 Barrels Oil Offered
Here Yesterday.
WIDE PRICE RANCE
Practically All Bids Condi-
tional Upon Board Fur
nishing Transportation.
WIDE PRICE RANCE

Many oil-producing companies
yesterday submitted bids on the
Shipping Boards fuel oil require-
ments. totaling more than 27.o00.ooo
barrels, for the next five years
However, most of the companies
made their bids conditional, provid-
ing for the extension of govern
ment loans for the construction OF
terminal, refining and other oil fa-
cilities, for the shipment of cruue
oil from Mexican fields to refinefIes
here and similar qualifications.
Submitting bids on the Shipping
Boards fuel oil requirements were
the Atlantic Gulf Oil Corporation
of New York. offering 10000 bar
rels of Mexican fuel oil daily, de-
livered at Mexican ports. at $2.30
per barrel for a period of the next
six months to one year. A price
of $1.50 per barrel was bid on crude
oil. 10000 barrels daily delivery.
plus taxes to be borne by the gov
ernment.
Other companies submitting bins
were the Gulf Refining Company,
Offering 100000 barrels OF Mexican
crude oil at 5 cents per gallon. de-
livery at Port Arthur. plus light
erage: the Sun Oil Company, OF
Philadelphia, offering 1.s0o.0 900 bar
rels of oil, of Mexican crude. at
50 per barrel; the Mexican Petro-
leum Company, offering about o.
100000 barrels of Mexican fuel oil
at prices from S2.45 to SO per bar
rel. delivery at Atlantic and Gulf
ports; Atlantic Refining Company.
delivery of 100000 barrels per
year at Philadelphia at prices from
$2.30 to S2.3Sk per barrel, and l.
100000 barrels at Savannah, Ga,
at $3.50 per barrel.
The Atlantic Lobos Oil Company
offered 10000 tons of Mexican
crude oil TO be delivered to foreign
oil depots of the board, prices to
be adjusted later.
The Mexican Producing and Re-.
fining Company of New York offer
ed 100000 barrels per year for the
next FIVE years delivery at Tampico
at from s1.25 to 81 per barrel. or 49,
100000 barrels of crude oil per year
for the next five years at 40 cents
barrel IL the board constructs the
refining facilities at Tampico.
The Barber Asphalt Paving Com
pany OF New Jersey offered the
board 100000 barrels per month of
the company to receive 20 cents
barrel for the oil il the board con-
structs refining facilities at a desig-
mated New Jersey port for the COM
pany.
The France and Canada Transport
Company of New York offered IL
000, 900 barrels of oil for a year for
the next five years. or 9,000.OUU bar
rels per year TO be delivered at New
York at $2.25 per barrel; 5000. 600
per year to be delivered at Queenss
town, Southampton and St Nazair-
at $3.50 a barrel. or at Bremen or
other Baltic ports at S4.45 a barrel.
The bid was made conditional ON
the shipment of oil from Mexico by
shipping board boats and on the
erection of terminal facilities a.
Tampico: s12.O0O.O00 would be paid
the company Immediately.
The Midco-Mexico Petroleum Com
pany offered 100000 barrels ot
grade co. oil at S1.25 barrel. The
bid was made conditional on the
extension of a loan of s2.000.000 by
the Shipping Board.
The Anglo-MeXican Petroleum.
Company, Ltd. of New York. offered
100000 barrels of fuel oil at s1.s5
a barrel, plus taxeS and other fees,
delivery at Tampico.