Gas Up

Following general advances in the price of crude oil. Standard Oil of Indiana and Sinclair Refining (subsidiary of Sinclair Consolidated) announced increases in the wholesale price of gasoline ( 1/2-c- to 1-c- a gal- lon on carload lots). Meanwhile production continued to ride boisterously in advance of previous figures and President Hoover himself was moved to call an oil-restriction conference which, meeting on

June 10, will presumably devote itself to the problem of discovering a combination in restraint of petroleum which shall not be a combination in restraint of trade.