Newspapers / The Carolina Times (Durham, … / June 4, 1955, edition 1 / Page 6
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iPAGB SIX THE CAROLINA TIMES SATURDAY. JUNE 4. 1W5 CWO Jamct Combs, McKees-1 on hi* recent promotion at Coe port. Pa., congratulates Sgt. Barricks, Yokohama- Charles Utley, Durham. N. C., I . Five Questions Most Asked Answered By Local Oil Man Five of the questions the pub lic most frequently asks about gasoline and the xiation's oil in dustry were answered today in a statement by Charles G. Har ris, of the local area Oil Indus try Information Conunittee. The questions deal with what determines gasoline prices, why there are so many brands of gasoline, monoply charges, the future of oil as affected by atomic energy, and “myths about a 100-mile per gallon carburetor.” “Local competition deter mines gasoline prices'” said Mr. Harris. “The individual dealer’s gasoline prices tend to stabilize at a point where margin of profit and volume of sales strike the most favorable bal ance.'’ He pointed out that this process and the fluidity of con sumer buying habits produce small but distinct variations in local and nation-wide gasoline prices. “In the Durham area,” he said, “there is a price spread of four and one-half cents a gallon. Prices may vary up to eight cents |>er gallon nation wide. As to whether the many brands of gasoline are “aU the same,’’ Harris said, “Definitely not. Each company makes many different gasolines” “If all gasolines were the same, it would be necessary to develop variations. Otherwise, it would be impossible for each driver to get good performance, as he now can, from his own make and model of engine, any where, under any conditions, in any weather.” On the question of monopoly, Harris pointed out that there are some 42,000 oil companies in this country, plus about 200, 000 service stations operated by some 190,000 separate and com peting concerns. He asserted that monopoly “could never have built today’s American N. C. College and Hillside Graduates TO THE CLASS OF GRADUATES OP 1955 You hav* logged the first mile on your voyage to success. SOUTHERN DAIRIES, Inc. 1007 West Main Street Durham, N. C. oil industry.” "During the past 29 yaws," he said, “oil companies have in> creased production by 158 per cent, and have developed liter ally hundreds of new and better products. The price of thelR most widely used product, gaso line, is only 7.3 per cent higher (except for taxes) than it wasi in 1925. And the power this gasoline delivers is 50 per cent higher than it was in 1925. No monopoly, governmental or pri vate, could match this record.” In regard to atomic energy's effect on the oil business, Har-. ris said that “power needs are growing at such a rate that atomic energy will be a wel come supplement to other en- energy sources for countless years to come.” “Proved U.S. oil reserves to day, despite the entire con' sumption of fifty years of peace and war, are more than ten times the total amount known to exist in 1900,’’ he said. “And petroleum extraction from oil shales, now practical but costly, would yield three times the 38. 8 billion barrels of our present proved reserves.” Harris said that reports ot the OH industry’s suppressing fuel-saving devices such as a 100-mile-per gallon carburetor crop up perenially. No such carburetor has ever been pa tented, or even stood up to in tensive investigation,” he said. He added that patents caa't be kept secret,” since anyone can obtain copies of any patent granted by the U. S. Patent Office. “There is none on a ‘magic carburetor’ or on those equally, vaunted ‘magic pills’ which, when mixed with water, pur portedly make motor fuel,*' Harris said. The Oil Industry Information Conunittee representative, who is also president of the Bull City Oil company, based his statements on information just issued by the OIIC, which is sponsored by the American Petroleum Institute. Ersklne Hawkins ToPlayForPre" June German RALEIGH Two of the top Rhythm and Blues orchestras of all times will be among the big stars in The Biggest Rhythm and Blues Show which will play for the 22nd Annual Pre-June German N. G CoU^e And Hill High Graduates SUCCESS Well dond Btf Wishes and good ludu. FERRELL WATCH HOSPITAL Across The Street Frmn SILVER’S 108 W. PABBISH STREET Where*8 the best place for your whole family to save? Todi^, mUUom of Aooericans will tdl you that tfae martest place to put your savings is in an insured Savii^ and Loan Association. This is true wfaether you’re tfae family breadwinner—oc Just a membtf of tiie piggy bonk set You can open an account in these Associ- ■doos for as little as SI to $5. You get excellent Mums. Your moo^ is insured up to S10,000 tfae FSUQ an agesxy of the U. S. Goveniment. And you deal with fidauily, ex* pencDoed people of your own community. Why not open an accotmt at an insured Savings and Loan Associ ation today/Yoa'^ find it’s a pleas ant, and profitable, place to do business. Muttol Savings & Loan Association Ummb^r tn of Uu and Umn romuUMon, Itus.. $pon»r of thit advrtUmunt in TttM mMADMRS DJGM8Tt*Jwi4 Jmim I bel has pushed them right up to the top in the Rhythm and Blues field; The Spaniels whose Veejay recordings of “Good night Sweetheart Goodnight” and “Do Wah” has shot them Into nation prominence. Now add to all that the top .singing find of the year, Roy Hamilton, "The Golden Boy ot Song”, whose recording of “You’ll Never Walk Alone' made him the number one fa vorite of the country. And If that isn’t enough the one and only Willie Mabon will be on hand with his imusual singing style and the inimitable Jimmy Reed, On the dlastatf side there are two of the na tion’s outstanding delineators of the rock and roll rhytiuh, school^ LeVem Baker aad Ddla Reese. Then there are Jimmy Mitchell and Julian Dash, two of the nation’s top sax players. All in all this adds up to one ot the greatest evening of thrills of Rhythm and Bluei ev^r offered on any stage, That Is the 22nd Annual Pre-June German for you. In Raleigh- at the Memorial Auditorium on, Monday Night Jime 6- at the Raleigh Memorial Audi torium on Monday Night, June 6th; the famous Erskine Haw kins and his great orchestra and UtUe “Welkin” Willie and his orcheatra. If that isn’t enough the show also stars three of the top Rhy thm and Blue^ vocal groufts in the country; ’The Drifters’ whose Atlantic record of “What Ya Goima Do” is at pressbt the number three favorite on all Juke box boxes in the country; The Hearts whose recording of “Lonely Nights” on Baton la- N. C. COLLEGE AM) HILLSIDE HIGH GRADUATES class of Wostnd our eongratulatlons, hop* tho futun will b» bright for yov. • success hoppmess »good fortune ECKERD’S DRUG STORE 112 WEST MAIN STREET PHONE 3-8381 N. €. COLLEGE AND HILLSIDE HIGH GRADUATES '55 GRADS Greator successes ore in store for you. We wish you good luck. DURHAM BUILDERS SUPPLY COMPANY 105 HJIILTONAVENUE DIAL 4967 Special Price! Creamwhite Vegetable SHORTENING S-LB. TIN A Regular 7Se Vtdum . . Yom Som ■' 16! • 59 WITH COUPON BELOW Cnmmmkitm f agttmbl0 SHORTEmMG ^ 59c WITH THIS COUPON COUPON GOOO ONLY AT COLONIAL STOBES IN N. a k S. C.-CJiaTi ONK PER PERSON-ADULTS ONLT. VOID Arm SATUaOAT, lUNI 4. ItU. 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The Carolina Times (Durham, N.C.)
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June 4, 1955, edition 1
6
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