Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-09-02

drag prices for oil Is turning In the operators
making The few those who have large
average small dividends
striking prolific
limited with the whole The
passed. promise nothing call
Ing for passing the
of capital based for OIL The reasons
assigned prices but the principle Russian
many this eason,when nothing else
appears oeogous been made do service
keeping the for credit balances loss level but Is
ineeed with the accumulation of
dividends independent refne Both
Oh Co. the reuers who dispose of their oil In
foreign told Russian competition Is such de-
pressing been highly while oil producers have
generally speaking their properties together
speak
larger oil producers have depended their oil
duon wealth They have speculated stocks
with embarked the banking business
great profit sought investments gold and silver min
traction
ALI drilling they have done for oil of late has scarcely
production their properties and their
has been large when their
investments considered These conditions apply late years when
Company their prices justified the markets of
the world nave made dividends from cent
competition" The only alleged do
competitor the Standard the Pure OH and and
independent refners worrying much Russian
competition" become
the oil producing business seemingly Interfere
little with the dividends of those handling refined oils
pecla1ly they recently impoverished to
appeal government All the facts point
continued bunco game being pracced the oil producers All
fairy have been told of Texas oil and Its possibilities refined
greatest possibilities circulated by the Guey
company Fod Reduction the latter hav
Ing recently gone bankruptcy owing failure realize the
suits gowngly given the public
producers based of their hope the
competition arising refined oil foreign markets by the Pure
OH but for the of profits the rehners dent
fed with that organization the alleged benefits have been forgotten
From its published report the Pure Oh the indie
pendent companies allied with It, have during the ten
years of their existence handled and marketed
something Ike fourteen million barrels oil and prices with
scarcely variation Of Oil company that
during all the period the alleged competitors have been practically
controlled by prices fixed by the OH without
curing It's benefits and that the independent
fners running their works their capacity profit little Is
heard of the alleged competition Oil company.
very plain nothing the oil pro-
dacers who fall participate all branches the
industry being done by the northern New York
fields Refined oil prices good and the product good demand
oil shipments exceed the and stocks being reduced showing
that the taking producers
getting but meagre "allowance' of the profits.
This morning bright early Capt Eph Wells George
and A. S. Mccoy
window glass factory city The plant
will be located Capt Eph land right
railroad track going south oil
The very being highly
complmented applauded showing enprng spirit
letting the company build plant upon
scrbing literally the capital plant
Wells take hold of the booming Sstersve
going to build up permanent city here.
After the ground stockholders
and prepared charter for the company
days Charleston week longer get
organized plans ready By
the month will be work building plant
This second plant will bring good people city the
houses here will work and improve the old oil houses
paint them up put
reasonable price they all be filled help city.
The days of renting oil shacks SIS $25 month
thing of the past good
and other convenences will readily SIS
best investment that be
modelling their old houses into respectable
ed readily We going have demand
of oil houses should repair ready the
We expect In few days report substantial progress