San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-16
HIGHER GASOLINE
LOOMS AS ST ANDARD
OFFICIALS MEET
Chcagoans Buy Heavily
While Prices Are
Down.

Chicago, Aug. I0.-?rospects Of in
creases in the prices of gasoline
which were recently reduced. loomed
today with meeting of the board of
directors of the Standard Oil COM
pany of Indiana, called to consider
the action Of Governor W. II. Me-
Master of South Dakota. in raising
gasoline prices in that state from IL
to 20 cents effective Saturday.
The whole gasoline price question
revolves about the South Dakota sit
uation just as it did when the original
reduction made on Monday was fol-
lowed by cuts in price in all parts of
the country in the opinion of Colonel
X. W. Stewart. chairman of the di-
rectorate. lie declared the action of
the South Dakota executive proved
the contention of the Standard Oil
company of Indiana that consequences
had not been considered nor expert
advice asked when the governor cut
prices from 20 to 16 cents. He init
mated that the company may take adj
vantage of Governor McMaster's &C
ton, which came after conference
with independent producers yester-
""'' "hu SS' pAiNes hbuSE IMAM ~
cents.
With the exception of the extreme
western states, every section of the
country had gasoline at reduced rates
today. New England and the Atlantic
seaboard joined the Mid West ana
South and Idaho and Montana in the
Rocky Mountain section were added
when reductions of two cents in each,
were made effective.
Dealers in Boise, Idaho We're UNI
| able to account for the reduction,
which put new prices of % 1-2 and
~ cents on gasoline. The Standard
Oil company in Ohio and independent
producers in that state cut prices TO
20 1-2 cents.
Cuts in eastern states brought the
retail price to an average of %
cents a gallon.
Heavy sales of the motor fuel in
| Chicago where automobile owners are
filling every available container in
their houses in preparation for adj
vances in price have caused fire de-
partment officials to issue warnings
and city authorities are preparing TO
rigidly enforce ordinances prohibiting
tue StoIuge VI gasollHe III any out
improved containers.
Aside from the decision to send the
| governor the above telegram, the d.
rectors took no action. Ii was under
| stood that any steps toward incrcas-
ing the price of gas after the drastic
, cut through the territor yof the Stan
dard Oil company of Indiana, would
await further Developments.
Governor McMaster on August Z
ordered gasoline. then selling at 2G6
cents in South Dakota. sold to the
public at 10 cents by the state Gil
depot. Early this week the STANDARD
Oil company reduced its prices accord.
ingly, not only in South Dakota. brit
proportionately throughout its terri
tory. although stating that the new
price wa smuch below cost.
Yesterday. Governor McMaster de-
cided at meeting with independent
oil men to raise the price to 90 cents,
effective Saturday. 1t was indicated
today that before the Standard Oil
company would post new prices fur
Their DEVELOPMENTS in South Dakota
would be awaited. In the meantime,
the company TO make available. TO the
governor any information which
might assist him in his investigation
into distribution costs.