That the effect of the of the market of petroleum by Soviet Russia is not a5 serious as was reported is the view of Mr. Glenn A. Smith, president of the Export Petroleum Ca, of California, who arrived here recently on. survey of the world market. In opinion, the Soviet competition will not be steady, keen and extensive By pursuing a flexible policy, he aid, any petroleum concern will find' the market it wanted without The Export Petroleum Ca, of California, established 15 years ago, mainly conducts export business, 63 ite implies. For the past several years, the firm hi carrying on direct transactions with customers in China, For their convenience a branch office for the north China market is being tablished here.
Mr, Smith, who is to leave here for the south shortly to organise branch offices there, looks on Chins markets. for petroleum products. Commenting. on the Russo-Japanese all contract Binith expressed the doubt. tly concluded, fr, would be carried out in. the near we, As a matter of fact, he said, doubt harboured in certain circles in Japan whether the contact would-be executed at all.
The conclusion of the contract between the two countries does not mean the domination of the Japanese petroleum market by Soviet interests, Mr, Smith continued. The British and American petroleum firms are continuing their busines Just as usual, In conclusion, Said, Russian competition is not to be feared.
Text read from the printed page and cleaned; old type leaves the occasional error.