Evening journal., 1894-05-07
BIG STANDARD OIL DEAL
1t Divides the Worlds Market
With the Russian Trust.
WESTERN EUROPE AS ITS SHARE

The European Monopoiists OF Petroleum
Take the Eastern Hemisphere Fora Field,
and the standard Takes the western--Ono
Competitor Yet Unorushod.
NEW YORK, May THE Herald says to-
day; During the past three or four weeks,
according TO private cable dispatches, im-
portant negotiations have been held in
Paris between the Standard Oil interests
and representatives of the Russian oil COM
panies, resulting IN the division of the en-
tire worlds market between these two
great distributing and producing agents.
A territorial division was made, the ex-
act limits of which cannot here be given,
but it is said to consist of line drawn
north and south through Europe in a
somewhat irregular course. The Standard
is TO have the monopoly, IL is said of the
British islands, France and most Of the
western portion of Europe, including
part of the German empire.
Russian Trust Has Asia.
The Russian companies, or, as they might
be styled, the Russian txust, will probably
be unmolested by competition east of this
undivided line and make their own mar
ket for the vast territory of Asia.
They knocked out" the Standard with
ease in eastern Mediterranean ports, and
for several years they have gained so rapid
| ly in China, India, Japan and Java that
they are now doing considerable more
than one-half of the business of these latter
countries. 1t is understood that the Stand
ard agrees to give up most of this section
of the world in consideration OF getting
control Of the countries of western Europe.
Whether the Standard is a gamer or
loser by this compromise cannot be deter
mined until the exact division of the terri
tory is known. Il has certainly been fore
ed to take many backward steps before the
advancing power of the Great Bear. The
supply Of Russia is practically unlimited
and easily produced; hence the Standard
has met a competitor that can undersell it
without effort. But if Russia withdraws
from western Europe IL is calculated that
the Standard by controlling that market
will perhaps gain as much as IL loses in
the east.
An Immense Deal.
No information was obtainable at the
offices of the Standard about the confer
ences in Paris
The magnitude Of the deal may be judged
by the fact that the Standard Oil company
exports annually more petroleum than is
consumed at home For the year 1892 the
total exports, according TO custom house
records, were 744, ,63s 463 gallons, or more
than 17,7OO,OOO barrels.
One Of the terms Of the compromise was
that the Standard should protect the Rus
sian territory from encroachments by any
other American oil company, as well as
keep out of that district itself.
The Standard didn't need to exact the
/ "a Il.
Europe, since there are no considerable in
dependent companies In Russia outside Of
the combination.
But there is still one exporting oil com.
pany in America-the United States Pipe
. Line company-which the Standard ha.
thus far been unable to subdue. The Co
= lumbia Oil company, which is the Pip,
Lines distributing agent, has during thu
last two years been putting into Europ
upward of 100000 barrels "A year, and al
a great deal of this reached the choseI
markets Of the Russian companies by way
of the German ports this competition hat
! TO be stopped before the new agreement
between the two big concerns could b,
called complete.
Only One Independent Company.
The United States Pipe Line company
has been playing quite a factor not only
on the continent. but in England, wheri
some public opposition is beginning t
, spring up against the Standard-RussiaI
alliance.
That this opposition will increase whel
the English public finds out that Russian
competition is soon to be withdrawn from
Great Britain there can be no doubt. Tn
Russian companies have been doing al
2 extensive business there recently.
But while the great combination ha
J quietly divided up the globe other capital
= lists abroad have also been laying plan
which, if they are successful, may have al
=, important bearing on the regulation Of tn
s supply and demand in Europe. But O
; this the particulars are withhold for tn
q present pending developments.
: The tactics of the Standard toward tn
. United States Pipe Line during the mex
a few weeks are of vital interest TO the pub
n lie, inasmuch as this is said 70 be the onl
:, existing exporting company that has with
n stood the grasp of the trust and If thi
company is forced to the wall the mOnoT
oily will be complete.
= AIillers May Strike.