The Archive · 1930

Oil Companies in Agreement

New York, Apr. 25, The termination of the recent! gasoline "'prices war" in the Orient through the establishment of proftproducing prices in the Dutch East Indies and the Far East generally was reported in Wall Street to-day.

Standard Qil and Shell Oi! have reached an agreement, through the Deterding-Meyer negotiations, which will result in @ price advance' of the equivalent of eight cents gold a gallon on both gasoline and kerosene.

The agreement provides for a mo-areas. derate increase in other marketing

Both companies have meanwhile! slightly increased their tank wagon Jand.other gasoline prices in the United States "in accordance with a general trend, following the curtailment df production.

Apr, 26.

Following conferences with Stand. ard Oil officials which resulted in Jan agreement upon' major—joint price increases on gasoline and kerosene in the Far East, Sir Henri Deterding, the head of the Shell [Oil group, started for England with Lady Deterding to-day.

They sailed pu the new German liner Europa, which recently gain-Jed laurels by setting up a new re-leerd for trans-Atlantic speed crossing—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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