Indianapolis Times, Volume 48, Number 8, Indianapolis, Marion County, 20 March 1936 — Page 4

PAGE 4

OIL MEN LEAVE FOR HOMES AS MEETING ENDS

'Petroleum Marketing Code' / Lauded by Head of Gaseteria Corp. / Delegates to the spring convention /of the Indiana Independent PotroI leum Association, Inc., departed for f their homes today after the twoday meeting at the Severin. Asa departing message, Russell R. Williams of the local Gaseteria Corp., spone on the “Petroleum Marketing Code," in which he explained the purpose and operation of a voluntary code now being placed before industry over the nation. According to Mr. Williams, the majority of independent operators in the Central Western states have endorsed the code as it was drafted by a committee selected from all branches of the industry meeting in Chicago recently. f ode Would Stop Price Wars The pitrpose of the code, Mr. Williams said, is to meet the need for market stabilization, which in turn would stabilize prices and eliminate gasoline price wars. A special need for a nation-wide adoption of the code, according to Mr. Williams, is because of increases in taxes and operating costs. After the proposed code has been presented before associations in all states, the committee intends to

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place it before the Federal Trade Commission for indorsement. Offl- ; cials of the state organization inti- i mated here yesterday that even if! the code were not adopted nationally. associations in nine Midwestern ■‘■tates would operate under its regulations. Other Speakers Named Other speakers on yesterday’s program were Richard Mills, local attorney, who spoke on “Current Problems," and E. J. Gallmeyer. i representing the Wayne Cos. of Fort i Wayne, who talked on “Merchan- | dising at the Island." Other convention addresses were delivered by L. J. Scheidt, president. Col. T. Russ Hill, nationally known sales authority, and L. L. Schoemker. j of Dayton. O. The annual banquet was held Wednesday night. Officers and directors in addition to the president are: Robert M. Stith, vice president; C. E. Foreman, treasurer; George W. Hofmayer, secretary;; Frank S. Glenn, C. W. Huber, George H. Lilly, and A. L. Stallings. J j SANDY MACDONALD|j I 10OU. SCOTCH WHISKIES V ALL OVER EIGHT YEARS OLD II I Mooney-Mueller-Ward Cos. 1 Indianapolis, Ind. f

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THE INDIANAPOLIS TIMES

MARCH 20, 1936