Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-04-25
STANDARD MADE MILLIONS
Profited Largely by the Late
FURRY in Oil. e.
is NOW IN ABSOLUTE CONTROL
Austria and German OPERA
tors May Combine.
Standards Foreign Deal Meets with OPP
position-The Recent War Resulted
In a Complete Victory For the Big
Monopoly, which Now Controls Pricss.

on CRY. Pa, April 2l.-In the Sunday
hull that begins what will likoy prove an
eventful week in oil transactions specula-
tors have tried to figure out Just how much
money the Standard Co. has made by tho
great furry. In dollars. the profits are Put
at Sl0,00O 900, made in about 10 days, The
conviction grows that the Standard and
the Russian monopoly have come to an
agreement to keen NJ prices at stiif figure.
The pipe line reports show that the total
production is about T5U1O barrels per day.
OF this amount the Standard owns 3O,u0p.
The increased profit is Sl.5O per barrel,
or SI5, 900 per day. The last monthly re-
port showed there is 5,000,00O barrels of
oil in stock. of which 100000 barrels are
owned by the Standard. The increased
profit on this, ut Sl.5O per barrel, Is
S6,0OO,0OO. In addition to this the stand
ard bought OIL property worth little
more than s5,000.OO0
The advance in values the last two weeks
has increased the worth of these properties
to SI.500G00. On the whole, it is estimated
the stockholders of the Standard are richer
to the extent of about $4,000. UOO than they
were ~ days ago
STANDARD CONTROLS PRICES.
The brief warfare between the Standard
and few spectators as TO who should set
| the price of oil has ended i'll complete
victory for the big company. 1t now con-
trcis the situation. All are anxiolisly
awaiting Monday to see what course will
be taken by she monopoly, 1t ended
| Saturdays market by u big purchase ut
Sl.95a barrel. There lis no doubt in any
one $ mind that the Standard can force the
price up Or down as it may choose. These
who still hold large quantities are tonight
| in n doubtful state oil mind not knowing
whether they will make or lose II fortune.
srASpARDs FOREIGN DEAL.
BERLIN, April 2l.--Trustworthy dis
patches from st. Petersburg say that the
Standard Oil Co. and the Russian oil pro
ducers have perfected their agreement
which awaits now the finance minister.
sanction before becoming operative. The
publich share largely the excitement o.
| Spectators in oil. Every scrap of new
regarding the Russo-American negotiations
has been snapped up eagerly Throughout
the empire. The rise in the price Of oils u
likely to cause the more energetic exploita
ton of the works in Alsace and Lorraine
which already provide 3 per cent OF thu
entire amount consumed in Germany
Production in Westphalia also has beeI
stimulated greatly.
COMBINE TO DOWN THE STANDARD
Letters from Vienna say that the Aus
trian market has not been affected mncl
by the furry in America. Austria refine
all the oil that she requires and the bull
of her unretined oil comes from Galicin
although she gets some of the raw produC
from Russia. Owing to the rise in Ameri
can oil the Galician rehners are nov
able to export their product to Germany
although Galician petroleum general
sells about five cents under the American
The Agricultural Union has issued
circular urging farmers to give up petrC
leum motors and use gas. A movement
has been started TO obtain State aid for til
4
combine Austrian and German producer
against the Russo.American ring.