Oil barons pledge studies on global overproduction
In a Park Avenue directors' room, world oil leaders vow to revert to last year's production levels to ease a surplus market. They also back creating a permanent body to study overproduction with the Commerce Department and the Federal Oil Conservation Board, naming Henry Deterding and executives from Sinclair, Standard Oil, Barnsdall, and the American Petroleum Institute.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Park Avenue
Oil Kings of
Department of Commerce
Federal Oil Conservation Board
Sir Henry Deterding
Royal Dutch Company
Harry F. Sinclair
Sinclair Company
W. T. Teagle
Standard Oil Company
New Jersey
BE. G. Seubert
Indiana
E. B. Reeser
Barnsdall Corporation
Tulsa
Okla
American Petroleum Institute
Oil producers agree to curb 1929 output in Western Hemisphere
Directors of the organization met through a day of discussion and committee meetings. Producers from both the United States and abroad pledged to cut crude oil production from April 1. The goal is to limit 1929 output to not exceed 1928 levels, despite a current surplus over last year.
MENTIONED IN THIS ARTICLE
Buntic
Western Hemisphere
Convicts Sent to American Colonies Then Reach 40000
Between 1717 and 1775 at least 40,000 British convicts were transported to American colonies from prisons.
Burnley Brothers Found Guilty in Moonshine Killing
In Lovington March 29 a Nelson county circuit court jury convicted John Ed Burnley 23 of firing the fatal shot and Tom Burnley 20 of being his co defendant. John Ed faced seven years and Tom five years after the verdict in the case over the death of Jack Cunningham during a moonshine theft dispute.
MENTIONED IN THIS ARTICLE
Associated Press
Lovington
John Ed Burnley
Tom Burnley
Nelson County
Jack Cunningham
Judgment suspended as case moves toward supreme court
In a court session Judge Gordon overruled the motion to set aside the verdict and the defense counsel noted an exception. Judgment was suspended to allow preparations for case transmission to the supreme court.
MENTIONED IN THIS ARTICLE
Gordon
Supreme Court
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