Evening star., 1923-03-28
SENDS
OIL TO MEXICO
Conditions Reversed in Past
Six NEUTRALITY-SUSPICIOUS.
Year Predicted.
By J. G.. ROYLE.
Special Dispatch to The Star.

By ]. c. RoyLE.
Special Dispatch to Tho Star.
| NE" YORK, March cs.-Ta-
steamers today are carrying OIL from
California to Mexico 10 keep the re-
hnery OF the Aigula Oil Company bus,
instead OF carrying Mexican OIL 20 the
United States to keep American -.
fnertes busy as was the case 81,
months ago.
So great is the demand So- tarke-
facilities that It has been necessa-y
TO shut in production total.ag 1000
barrels day in the Long Beach ae.8
with proper storage and trans.
portation facilities California could
produce 100000 barrels Of Oh daily,
according to the California petroleum
bureau.
The recent drop in California pro.
ouction has not been due TO falling
on IN wells. but because of failure q
| tankers TO arrive and the gain in the
last week really has been $4,000 bar.
rols. More than 1000 producing wells
are shut in.
Production at New High Marx.
domestic production Is At q nev.
high record in other than the California
petroleum. areas, and the daily aver
age now IS running 20 per cent above
! that of 1929. Imports. which come
largely from Mexico. have fallen OF
70 per cent from last years average
Consumption Is running IS per ce..t
above the 1922 average
| Domestic production and irrpar-s
| are now practically equal to oor1esttr,
consumption. and while stock Of crude
on IN volume are 35 per cent larger
tHdn year ago. when measured b.
the number OF days supply at currer-
consumption they are only per cen.
greater.
prospects for Industry Bright.
All Of these factors indicate pros
porous year for the oil industry Case
ine prices are approximately 10 cents
apoye the 1922 low, Pennsylvania crud..
is 81 per cent above last years lo--
and mid-continent crude las had AZ
advance OF IS per cent
mere is every prospect Of record
nreaking t demand this year. consur1p-
higher than in 1922 and the prices az
gasoline oils have risen seven times
In as many weeks Consumption rnrst
adVance more rapidly than seer7s
Experts have not hesitated to place
the prospective profits Of holders Q.
current stocks OF crude bought at low
/ prices at s150,000 000
has acquired 1900 acres near Fort
! Collins, Colo, and will commence
drilling Immediately in an effort to
Dring in new field in that state
south of Tea Pot Dome field OF
! wyoming. The Union Company COZ
trols leases covering the entire OF!
structure Of the district.
snGar Prices Called Unwarranted.
Although the index chart OF the
United States Chamber OF Commerce
shows foods have advanced in prize,
less than many other commodities
said Francis f. Hamper, president OF
the National Retail Grocers' Assoc.a
ton today. the increase has been NOR
keenly felt than in any other line.
| The advance in sugar is entireIy
unwarranted." he added First specu-
lators boosted prices and then large
consumers became panicky and over
| bought their requirements. Last.
there is a large amount Of boarding.
Two more sugar centrals in Cuba.
have finished their crops and it is ex-
pected tLat fifteen more will close
four ce1trals have closed with pro-
duction we'll under preliminary es;.
mates OF production. Latest statistics
on production By Cuban newspaper
and experts continue TO indicate de
crease Of over 100000 tons compared
with early season predictions.
Southern Mills Raise Wages.
Southern cotton mills in wide:
scattered sections are continuing
their voluntary wage increases, wh!ct-
in most cases averaged about 10 per-
transfer spinning machines fror.
northern plants of the Pacfic mills
to it's new South Carolina plant. II
cursions of northern mills into south
source of raw materials and where
labor conditions are favorable. are
growing more numerous and are now
A decided factor in the textile situa-
ton.
Labor Shortage Acute.
CLEVELAND, March % (Spectali -
! Cleveland is facing a labor shorts 81 I
which IS more acute than a any tim
! III six years. Mayor Fred kohle- sat-
I today that the city would have SOM
difficulty in getting labor to carry ..
the sf.ooo,ooo paving program. ar
commissioners who have direction o.
! tremendous paving programs In this
| county outside the city also are Iror-
ried over the labor problem.
Detroit Also Worried.
DETROIT, March IS (Speciall.-.
Automobile factory executives are
F, worried today over the labor supply,
Jas workers are inclined. in some cases
TO seek outside work at this season.
Many jobs are going begging, but
there are plenty OF men hanging
around the employment agencies
| waiting for something that Just suits
! them.
steel Prices StiH Higher.
| CHICAGO, March 2S fSpeciall.-I
Steel prices continue to advance II
this section, and demand is keeping
pace. Fourteen thousand railroad cars
! have been ordered in the las
| week Finished steel prices are s.
! and So a ton higher. and the struc-
! tural steel market is fairly active,
[ although the 5000 tons for the Ne"-
| Fair store here was the only big oTuc~
placed in the last week.
Huge Sums for Construction.
SAN FRANCISCO, March 2S (spe
ciaD business activity in California
is likely to break all records this
wear If present indications are relia
bic. It is estimated S400 900, 600 vii.
! be spent in the state in building cor,
struction, aside from hydro -electr.c
deyelopment, which is expected to re-
ouire expenditure Of $40 900. 900. Ever
municipality is reporting hitherto un-
equaled activity, in both home and
office building. Summer building &C
ttyities at Pasadena will exceed s5.-
0O0. 600 San Francisco projects &.
| ready announced total s30,o0o,o0o.
and Los Angeles will spend $6,oOo,O0e
on eight downtown buildings alone.
The worlds highest tmpounding oa1
at Modesto will cost s5.o00,oco.
Copyright, 1872