San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-07
CRUDE PRICES ARE
FIRMER AND GASOLINE
is In BETTER DEMAND
MIDI Continent Outlook Is
Brighter, Due to New
Scale by Prairie.

Tulsa, Okia., Sept. ga general
feeling that crude prices are some firm
er following the recent reduction and
posting Of a new scale by Prairie Oil
x Gas Co., has reflected in a better
feeling in the refined market and job.
bers are clamoring for immediate ship
ment of gasoline orders. Because of
deferred deliveries by companies ship
ping California oil. some jobbers in
the Middle West who have heretofore
been supplied or contracted to be sup
piled by Pacific Coast concerns are
now bidding for Mid-Continent gaso-
line. As result prices have gone up
about one-half cent on the New Navy
grade
In spite Of demand for immediate
shipments, the movement of products
has hardly been accelerated the last
week. In fact the slow movement
from some plants has caused further
curtailment in operations. Two plants
which heretofore were operating at
part capacity closed down altogether
during the week. The Standard Oil
Company Of Kansas operating a 12,-
000-barrel plant at Neodosha, Kan,
closed down last week because Of over
stocks of gasoline and refined oils,
according to report.
Sudden demand for immediate ship
ments of New Navy gasoline caused
trading in this product to be made at
61-2 to 634 cents per gallon, but
these orders were not of sufficient vol
ume to bolster up quotations more than
one-half cent. Some refiners selling
on the open market, boosted their quo
tations to Z cents gallon and t-"~ted
on the reputation of'their products to
bring them their price. High gravity
gasolines. usually strong for exporting,
did not advance with the New Navy
grade, but were quoted at s to S1-2
cents for the 60-62 grade and o L. to
0 ga cents for the 64-66 grade. So far
as known no large trades on straight
run gasoline were made during the
week.
Natural gasoline still is. maintaining
its strength which has been manifest
ed since the middle of August. 1t is
reported that offering for October is
slightly under present quotations
which would indicate that this product
along with straight run gasoline is
approaching its seasonal decline. Grade
A is still quoted at z IL cents and
the same price is being obtained for
Grade b. Most gasoline plants are
operating in this territory and consid-
cradle blended stuff is sold at lower
prices than the regular product. 1t
appears that these plants will enter
the winter with considerable surplus
on hand unless much Of 1t is dumped
on the market between now and the
close of the gasoline season.
Kerosene is losing ground and has
declined from IL to 3S-4 cents a
gallon in the last few weeks this apply
ing to the regular 41-43 grade. Fuel
oil prices are expected to be shaded to
an exynt to conform to the new prices
of crude. So far fuel oil can be bought
in Tulsa for So to 90 cents barrel.
1t can be bought even cheaper in
North Texas where the supply is great
or at about SO IL cents. ION pres
ent indications fuel oil prices are prac.
tically at rock bottom and bound to go
up as the seasonal demands commence
drawing strong on the supply. Gas oil
can be obtained for . 3-S cents and j,
| in good demand at that price.
Cosden & Co. last week advanced
prices of lubricatipg oils from l to 3
cents with practically all plants meet
ing the new prices. Due to the large
number of cracking processes utilizing
fuel oil for further manufacture OF
gasoline refineries have been giving but
little attention to lubricating oils OF
late and the supply has ran low. Re
finers report brisk demand for lubes
and all plants able to turn out this
product are again or about to be placed
in operation even though for a short
time. Only plants making the COM
plete cycle of refined products are
making lubes.