Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-03
Washington Ticker
BY CHARLEs<P. sHAEFFER,
Press Financial Writer.

Government statistics indicate that
the administration warning against
overproduction of crude oil has already
brought beneficial results.
Faced with a large element of waste
through the medium of increasing gaso-
line stocks, the Federal Oil Conserva-
ton Board. consisting of the Secretaries
of Interior, Commerce, War and Navy,
on March called the situation to the
attention of the Governors of Texas,
Oklahoma and California, the three
great oil-producing States, with the
suggestion that any remedial measures
would be appreciated.
Secretary of the Interior Wilbur, as
chairman of the conservation board,
followed up this lead several days later
with the appointment of committee on
petroleum economics to present an I'M
prejudiced analysis of the demand for
petroleum, this information to be used
for the guidance of the oil industry as
well as the public.
This committee. which consisted of
five nationally recognized authorities on
petroleum matters, returned their re-
port on March 25. estimating 1905 re-
quirements of domestic crude oil to be
942 900, 900 barrels Advocating this re-
duirement as between the larger pro-
ducing States. adjusted SO as to relate
to the last nine months of 1880, the
committee spportioned CALIFORNIA;
daily production at $4,000 barrels:
Oklahoma. 655 900; Texas, 100000, and
all others, 100000 barrels per day.
Latest Government figures for March.
1880, show California producing $4,000
barrels daily. decrease of Ill 900 over
the previous month: Oklahoma, GOT 900,
a decrease of $4,000. and Texas, $4,000,
a decrease of $4,000.
For the entire country during March
production totaled 1884 900 barrels. q
figures represent a decline from the
daily average of the previous month OF
1852 900 barrels. For the first time since
July. 1923, the daily output fell below
the 100000 mark.
In peruSing these figures it should be
borne in mind the industry did not have
ample time to respond fully during the
month in question to the Governments
suggestion, particularly with respect to
ALLEGATION of production.
Exports of American radio apparatus
to France during 1923 were more than
three times as Great as in 1923. the De-
partment of Commerce reports. The
years total was S20l ,065, as compared
with $62 sos in 1928.
Receiving set components and loud
class of material. Until recently Amer
lean receiving sets were little used.
During the last two years, however, GER
tain sets have been introduced through
persistent attempts on the part of the
manufacturers and the results of 1929
indicate they have been well received
and that an expanding market Is pre-
senting itself.
The national committee on wood
utilization concluded its short annual
session here last night.
This association, which was organ
lied by Herbert Hoover as Secretary of
Commerce, has for its purpose the fos-
tering of an intelligent utilization of
wood and encouraging the growing of
timber as a profitable industry.
Building and construction was the
main theme of the meeting. A feature
of the discussion on wood construction
methods was the special consideration
given to the subject of treated lumber
and the economies possible through its
use in construction and other fields.
The annual Spring meeting Of the
board of directors of the National Can
ners' Association will be held in this
will assume the proportions of small
convention as the officers of the vart-
Gus State Gamers associations will also
be asked to attend
A full report of advantages accruing
from the Nation wide broadcasting
instituted in March will be
made.
The executive council meeting of the
American Bankers Association will be
held at Old Point Comfort, Va, May
to 8, inclusive. The council is expected
to take action on number of important
questions of association and banking
policy, but it has been determined def
nitely that no action will be taken on
pending congressional legislation.