Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1894-05-07
BIG STANDARD OIL DEAL
It Divides the Worlds Market
With the Russian Trust.
WESTERN EUROPE AS IT'S SHARE.
The European Monopolists of Petroleum
Take the Eastern Hemisphere For Field,
and the Standard Takes the Western-One
Competitor Yet Uncrusfed.

The European MonopoiIsts OF Petroleum
Take the Eastern Hemisphere For Field,
and the Standard Takes the Western-one
Competitor Yet Uncrushed.
NEW YORK, May THE Herald says to-
day: During the past three or four weeks,
according to private able~dispatches, inn
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 a line drawn
north and south through Europe in
somewhat irregular course. The Standard
is to have the monopoly, it is said, of the
British islands, France and most of the
western portion of Europe, including a
part of the German empire.
Russian Trust Has Asia.
The Russian companies, or, as they might
be styled, the Russian trust, 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-haif 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 a
loser by this compromise cannot be deter
mined until the exact division of the terri
L. f,,yr Ixvh royN Tow
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 II competitor that can undersell it
without effort. But if Russia withdraws
from western Europe it is calculated that
the Standard by controlling that market
will perhaps gain as much as it 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 IA 63S, 463 gallons, or more
than II, 700, 600 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 we'll as
keep out of that district itself.
The Standard didn't need to exact the
same conditions in regard to it's market in
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 has
thus far been unable to subdue. The Co
lumbia Oil company, which. is the Pipe
Lines distributing agent, has during the
last two years been putting into Europe
upward of 100000 barrels year, and as
a great deal of this reached the chosen
markets of the Russian companies by way
of the German ports this competition had
to be stopped before the new agreement
between the two big concerns could be
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, where |
some public opposition is beginning to
spring up against the Standard Russian
alliance.
the English public finds out that Russian
is soon to be withdrawn from
Great Britain there can be no doubt. The
Russian companies have been doing an
extensive business there recently.
But while the great combination has
quietly divided up the globe other capital |
lists abroad have also been laying plans
which, if they are successful, may have an
important bearing on the regulation of the
supply and demand in Europe. But of
this the particulars are withheld for the
present pending developments.
The tactics of the Standard toward the |
United States Pipe Line during the next
few weeks are of vital interest to the pub
lie, inasmuch as this is said to be the only |
existing exporting company that has with
stood the grasp of the trust, and if this
is forced to the wall the monop-
oily will be complete.