The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1890-09-12
STANDARD OIL PROFITS.
The Volume of Business Transacted by
Americas GreedIest Monopoly.

The Volume of business Transac ted by
Americas GreedIest Monopoly.
A correspondent of the Philadelphia
Press sums up an interesting article on
the Standard Oil magnates, as follows:
THE amount of business in dollars
transacted each day by the Standard
Trust and it's several dependencies can
only be Appropriated. but some idea may
be gained from the following facts: The
present crude prod ton averages in
the ighborhood of $1,000 barrels a
day, about eighty-five per cent of which
is handled and ultimately bought by
the Standard; the price of oil to-day, ex-
elusive of pipeage, ranges from IS
cents barrel on Bradford oil to 81 and
81. O5 on that from the middle and lower
fields, or an average of about 90 cents a
barrel. This entails a daily expend-
iture for crude material alone of about
S62, 600. The daily shipments at present
are nearly on level with the runs from
the wells. and these shipments fairly
represent the amount of oil refined and
sold.
1.-THE price of refined oil in barrels at
wholesale ranges in round numbers, in
Guiding the packages, from SO IS to IS. SO
or So barrel for the grades ordinarily
used A fair average is 81 a barrel;
when the Trust sells to the consumer
through its own agencies, the pr ce is of
course much higher but even at the
figures named, and deducting the per.
centage of lubriclting oils and naph-
thas, or about twenty-five per cent the
refining trade alone approximates to
S1sO,00O day. The profit on lubricat-
ing oils and naphthas are much higher,
and it is safe to say that the business in
these branches is close TO S110, 900 a day.
added to these figures arc the pipeage
charges of 20 cents a barrel on over
go, 900 barrels, a total of S12. 900; the
storage charges on oil in tanks is be-
tween 80, 900 and SO. 600; the pipeage on
oil to the seaboard and to Cleveland and
Pittsburgh. which can not well be deter
mined in amount, but is not far from
S25. 600. and the business in the Lima
field, which is in the neighborhood of
at least $50, 600 The total amount of
business transacted each day by the
Standard, including Sundays, is, there
fore. very close to $500, 900, or sl46, 0Oo-
600 during the year.
SIS this business profitable?
IAN answer may be found in the $780,
OO0. 900 owned by John ID. Rockefeller and
Al SnC tdob buhCo VI lib hooRC1d JcS-
A conservative estimate of the individ-
ual wealth of the Standard magnates,
of the present value of it's various refin-
ing pants. pipe lines, tanks. and real
property. places the total ats75O, 900. 900
all realized in about twenty-six years
from an original cash capital of s75 900,
and by the use of brains. manipulation
with all that the term implies-and a
surrender of self and 'ther things to the
one consideration of wealth and the
means of obtaining it
Young Doctor-'.Yes, sir. 1 came
West just because 1 heard there was
scarcity of good physicians here. In
New York cured some very remarks
BILE cases" Chicago Gould you
cure ham?" Young Doctor-'Yes, ST..
have had considerable experience il
treating the theatrical profession. ~