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FROM THE ARCHIVEDec 7, 1937·Washington, District of Columbia

OIL COMPANIES ON TRIAL

Scanned from Evening Star, Dec 7, 1937
OIL COMPANIES ON TRIAL
Source image courtesy of the Library of Congress · Chronicling America
Page transcript (OCR)

Oil CODE EXPERT GIVES TESTIMONY Former NRA Official Gives Version of 1935 Gaso line Prices BACKGROUND Trial of IS major oil companies on Sherman antitrust law charges has been uniter way for past sev eral weeks at Madison Wis. The Government charges companies through a program of buying up small refiners gasoline raised prices from March to May 1935 and then held the price constant until the end of the year y the Associated Press MADISON Wis Dec 7The Fed eral Court jury trying 16 major oil companies on Sherman antitrust law charges had before it today a former N R A petroleum code offi cials version of why the tankcar lAice of gasoline remained stationary during the latter part of 1935 John Shatford of Eldorado Ark national coordinator of refining under the code testified yesterday that State limitations on crude oil production and a firm retail price kept the tankcar price at an even level. Mr Shatford attributed a Icent increase in the tankcar price from March to May to the Connally Act which banned bootleg oil from inter state commerce to curtailment of gasoline production under the code and an unusually increased demand. When the Connally Act became.

OCR may contain errors typical of early 20th-century print scans. Punctuation and paragraph breaks have been reconstructed for readability.