There was quite a stir among car owners yesterday due to rumours that the supply of gasoline in Shanghai. would be severely rationed. Enquiries among local importers of gasoline brought out the fact that the Standard Oil and Texas Oil Companies had discontinued their practice of selling gasoline on a credit basis, Officials of the Standard Oil Company stated that it had come to the knowledge of the company that Various persons had started to hoard gasoline, In order to stop these activities. the sales department of the Standard Oil Company had been advised to cheque up on the normal consumption of the company's customers which is to be made the upper limit for all future cash sales of gasoline, In contradistinction to the practice of these two companies. officials of the Asiatic Petroleum Company pointed out that they had large number of customers registered on their books as being entitled to credit. and consequently were able to ascertain their normal consumption which was to limit their sales, The move amounted to restriction rather than curtailment, it was stated. and was designed to prevent overbuying, It is extremely doubtful they maintained, whether there was any hoarding since it is against the regulations of the French Concession and the International Settlement to store excessive quantities of gasoline, while insurance policies of peopl hoarding would be invalidated, There may be some people with 30 or 50 gallons of gasoline, but there was no indication of any serious hoarding, The A.P.C, was only importing sufi: cient gasoline to meet their commitments. it was pointed out. ant the trade was small and quiet, Incidentally it was stated in market circles that the supplies of gasoline stored in Shanghai were sufficient to meet the local demand for a long time to come, and, besides. the Standard Vacuum Company was expecting the arrival of another tanker on October 1—w.mw.
Sept. Sales Prices pin 10 a.m. Closing Acoje Mining... 35 B 25 Amalgamated Mineral 1825 A. Atok Antambk Baguio Gold Batong Buhay Bid Wedge Coco Grove Consolidated Mines Demonstration East Mindanao T X Loss Ipo Gold Itogon Mambulau_ Consolidated Masbate Consolidated North Camarines Paracale Gumaus San Mauricio Surizao Cons United Parache Mindanao Motherlode Manila Hai-Alai Benguet Consolidated (over the counter)
Turnover 521,400 Pesos.
Shares Index 46.95.
B—Bid. A—Asked.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.