San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-16
STRONGER TONE IN
PRODUCTS
AS SPRING ARRIVES
Higher Crude and Export
Buying Advances All
Grades Half q Cent.

Tulsa, Okla. March 15.-Stimulat.
ing influence of export buying has
moved the refined oil market up again
the past week. Quotations for all
grades are about a half cent higher
than this time the previous period. The
advance in crude prices on March Sth
also naturally forced prices higher and
with more favorable weather the indi-
cations are excellent for a stronger
tone in the price structure throughout
the Standard of Indiana territory
Trading Ill the spot market is still
\ sluggish and activity of exporters
/ is about all that keeps up the present
movement. The gathering of most Mid
Continent refiners at Dallas during
the convention Of the Western Pc
troleum Refiners Association has con-
tributed materially TO the quietness
of the market during the past week or
ten days.
Although a large part of last weeks
buying was for future delivery, a good
amount of refined obs are moving.
The movement has been more notice
able i'll motor fuels though the policy
of refiners is to wait while the jobbers
lonly buy enough for immediate re-
lqulrements or on a hand TO mouth
basis. The outlook is for firmer mar
ket from now on barring unusually
bad weather conditions.
The fight being waged by State Off
cials in half dozen states over the
distribution of refined products is
somewhat affecting the tank car mar.
ket In those localities but not affect.
ing 1t generally. JObberS are hold
ing off the market largely because of
the tactics of these officials who claim
TO underscll the markcters on gasoline.
The general feeling in Mid-Continent
refining circles is that this practice
cannot last and in the long run will be
found to be unsuitable to the trade.
Gains made i'll prices the past week
have held well and there has been little
| II any selling Of gasoline at conces-
, slonS. However, in contrast TO the
strength OF the gasoline market, kcro-
/. sene has shown a further weakness
which authorities consider due TO the
seasonal influence rather than to any
other cause. During the period of high
. Kerosene prices refiners increased their
output considerably and carried more
stocks than the spot market could
readily absorb. There is now a general
tendency to unload kerosene stocks in
face OF the approaching end of the sea-
J sonal demand and the factor deter.
; mines the present prices of 4 3-S to
, IS cents whichsprevailed at the end
; OF tie week after high of ) IL cents
only n few weeks ago. Kerosene dis
: tlllates show a corresponding loss,
New Navy gasoline is quoted from
II to IL IA cents for the $500 regu-
lar grade and is exceedingly firm al
these prices.
kerosene grades are obtainabIe nj
slightly weakened prices. The Ala
: Waterwhite is quoted at 4 3-S Il
~ cents while the 42-44 same color
S can be obtained easily Mt rs to ) rs
cents. The $40 straw distillate is the
: feature product of this class with
. prices of from 3 IL to 3 ga cents
! Ihere Is good demand even at these
: low prices but buyers will not nav
more than 4 81 cents for the regular
grade which n few weeks ago went as
, mgh as Sd cents. Distillates arc
moving well.
4 Natural gasoline trade is strong fol
lowing report that Cosden & Co. have
e completed large purchase from Okla.
: noma and Texas refiners and that
S sinclair Refining Co. Standard Oil
20. OF New Jersey and other big buy
: ers are IN the market. Most of these
{ purchases are for future delivery and
: VIII not affect the spot business.
I The Grade A 72-7S brings 10 l.
cents on the Tulsa market while Grad,
|, to-S2 IS Quilted from Q IA to o g.
cents and Grade c s0-S2 from 8 l.
70 ~ cents. Manufacturers are hold
ing their product and reaping the bene
fit Of q rising market.