Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-08-16

Following a reduction of one cens
in the price of gasoline here Tues
day, it is announced additional re-
duction amounting to 2 or 8 cents
will be made within the next few
days.
CHICAGO, Aug. 14.-(By the Asso.
ciated Press.)-Reduction in gaso-
line prices, begun when Governor
w. H. McMasrer, of South Dakota.
ordered state highway supply de-
pots to sell gasoline at 16 cents a
gallon, assumed national aspect to.
day, when price cuts announced by
the Standard Oil Companies of In
diana and Kentucky and independent
producers became effective in mid
western and southern states.
Gasoline today was selling at 1874
cents in Chicago, 16 Ia cents in
Omaha, 1873 cents in Kansas City,
% cents in Louisville, KY. IL cents
in Dallas, Tex, and from Is cents to
16 cents in other parts of Texas,
with prices on the other sections at
fected by the reductions varying &C.
cording to freight rates.
In Illinois, Iowa, Michigan, Wis
consin, Minnesota, North Dakota,
South Dakota. Kansas, Missouri and
parts of Oklahoma, the cut made
by the Standard Oil Company of In
diana was 60 cents and that of in
dependents in the same territory s
cents.
Slight Cut in South
Retail prices in Kentucky, Florida,
Mississippi, Alabama and Georgia
was reduced one cent by the Stand
| ard Oil Company of Kentucky. Case.
| line dealers in Nebraska announced
cut of IA cents. The Magnolia
company reduced the price in Fort
Worth, Tex. 2 cents, making a price
Of II cents gallon.
After the announcement that an
| investigation of the gasoline and oil
situation would be undertaken by
the department of justice, refiners
and distributors in the Rocky Noun.
! tain states declared they courted in
! quiry, which they said would show
no unreasonable profits had been
made. Officials of the Continental
Oil company in Denver said they
were not concerned in the price cuts
being made in other sections Of the
country.
Investigations of local conditions
are either under way or have been
! ordered to proceed by various state
executives and municipal authori-
| ties.
Arizona Governor Acts
! Governor George P. Hunt. Of Arr.
IONA, in an announcement last night,
said an inquiry would begin at once
| to determine if gasoline prices were
] too high in Arizona and If they were
steps would be taken to reduce
prices, which range from 25 cents
to 26 cents a gallon, including state
taxes.
A threat Of state sale of gasoline
| in Nebraska was made to oil COM
pany heads by Governor Bryan who
asked them to reduce gasoline prices.
The Chicago city council petitioned
Governor Len Small, of Illinois, to-
take action enabling purchases by
state agencies of supplies adequate
to break prices, before annuonce.
ment was made of the reduction.
| Governor Victor Donahey, of Ohio,
in an answer to Governor McMaster,
of South Dakota, said there were
no laws in Ohio under which he
could assist in the campaign tor
price reduction and said it appeared
to him a matter for federal rather
than state action. Governor Preus,
of Minnesota. previous to the reduc.
ton, announced an inquiry into the
cost Of gasoline production.
An investigation of short measure
in gasoline in Cleveland resulted in
five arrests yesterday.
Trust Evidence Sought
The inquiry by the department of
| justice officials said, is designed to
| determine whether there had been
combination in restraint of trade in
interstate commerce in connection
with the recent Announcement of 25
refineries in the mid-continent field
to shut, down.
Limitation Of purchases of crude
oil in Texas and Oklahoma was an
nounced by the Magnolia Petroleum
company simultaneously with the
announcement of price reductions
in other sections.
The company will accept only so
per cent Of the production of the
wells connected with it's pipe lines,
the other so per cent to be run into
the company's storage stock.
Reductions Of more than five cents
were said to be unfair and ruinous
by L. Y. Nicholas, head of the Ma
tiona1 Petroleum Marketers' asso-
citation, in announcing the five-cent
reduction made by Independents in
mid-western states. The Standard
Oil Company of Indiana, in it's an
r1ouncement, declared it was DOT en-
gagged in an effort to put COMPETE
| tors out of business and said it
would welcome change of attitude
on the part of all parties concerned,
resulting in a reasonable price for
gasoline which will enable not only
it but all of it's competitors to en-
JOY a reasonable profit.
WAR JUST BEGUN" SAYS
MAN WHO STARTED 1T
| SIOUX FALLS, S. D., Aug. IA.
The gasoline war" begun by Gov
ernor w. H. McMaster, of South
Dakota, has just begun" the gov
ernor said today and will be con-
tinued until the product is being
permanently retailed at a reason
able price"
OFFERED 1O,OOO,OO GALLONS
AT 8.5 CENTS A GALLON
ST. PAUL, Mimi, Aug. 14-Gov-
ernor j. A. o. Preus today was Of
fered ten million gallons of gaso-
line at S:5 cents per gallon f. o. b.
Oklahoma to be sold in the p. ,ce war
in the northwest. John A. West,
Chicago, made the offer. The COVER
nor refused to say whether he would
| accept.
Gasoline is selling here today for
14.9 to 1875 cents a gallon.