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

The drag turning the extreme operators
and bat making The few those who have large
capital afford walt for average returns OF small
There the class have been fortunate IN SSDg
territory but this class limited compared with the whole The
passed other fields PROMISE have nothing call
ing for more than passing They for the
investment OIL The reasons
assigned various but the principle one Russian
competition this reason-when nothing else
appears oeogous hozon-hs been made to do service
the price tor credit balances az loss eV ou
that il has not nterferred accumulation of
dividends by Standard Oil Co. and the independent ehn Both
the ehu dispose their export OIL IN
foreign markets told Russian competitor such de-
pressing factor highly while oil producers have
generally speaking keep their properties togn SO
to speak.
Even the larger oil producers have depended their oil
ducon wealth They have pecuaed gas stocks
with embarked In the banking business
with sought investments In gold and silver min
Ing great Ia traction stocks and SO on down the
list drilling have done for oil of late years has scarcely
held the initial production properties and their
emulation has not been large when their
These conditions apply late years when
the Standard Company their prices justified In the markets OF
the world dividends from cent annum
and this Russian competition The only alleged do
competitor the Standard the Pure Oh company and and
Its worrying much Russian
competon incredible that the Russian become
such the oil producing business and seemingly interfere so
little with dividends of those handling refined oils es-
pecaly as they recently impoverished as 10
appeal their government for assistance All the facts point TO
game being pracced the oil producers All sorts
of tales oil and Its possibilities rehned
factor greatest all possibilities circulated by the Quincy
Reduction the latter company haV
ing recently bankruptcy owing Its failure realize the re
suits glowingy given to the public
OIL producers years have based of their hope on the
competition arising from refined oil sent foreign markets by the Fu
Oh company except report profits the rehners dent
organization the alleged benefits have been forgotten
Its published report the Pure on company or the indie
pendent companies allied with It, have during the ten or
eleven years of their existence handled and marketed
something like fourteen million barrels crude oil and at wit"
scarcely variation those Of the Standard OH so that
during alleged competitors have been practically
by Standard Oh without
curing Its benefits for the fact that the
fner running their works their capacity great profit little IS
heard of the alleged competition of the Pure OH company
very plain nothing in for the oil
effort participate In all branches of the
industry being done by the producers the northern New York
fields Refined good and the product good demand
oil shipments exceed the and stocks being educed showing
that he markets the world taking the oil but the producers are
getting but meagre 'alowance" of the profits.
This morning bright early Capt Eph Wells George E. Work
and S. Mccoy measured off the land for the
window glass factory this city The plant
will Eph Wells land the right hand side of the
going south and tie oil tanks and above them
The very desirable and the captain being highly
compmened and appauded for showing this enprng spirit in
letting company have land build plant and also in sub
bng literally the capital stock the plant When like Mr.
Wells take hold of the booming of Stersvie know
going to build up permanent city here
After the had been aked off, number Of stockholders met
days the charter from Charleston about week longer the
company organized the plans ready receive bids By the last Of
the month men will a work building the plant
This second plant will bring good many people city If the
houses here work and improve the old oil houses
paint them into them modern couvenences and them at
reasonable price, they all be filled and will also help the city
The days of renting oil shack for SIS $25 month IS a
thing the past good house. with bathroom
will readily month and IS the
best investment that be made Let the get owok
modelling their old houses respectable they be
readily We going have big demand for houses and the
of oil should repair the BOOM
few days substantial