Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1902-12-22
OIL DEVELOPMENTS
THE OIL MARKET.

North Lima....-..--...... liz
South Mma.-...-..1 o.
White House-.-L7I
fundamentally
Barbansville.e6
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Do Dan n O'Day's bumpers think
they are being paid "prlces justi.
fed in the markets of the world?"
Refined products Of Pennsylvania
Oil are being sold by the Standard
Oh company and the independent
refners on basis of four dollar
crude. The Magnainity of the
Purchasing Agents of the Stand
ard In advancing prices 81 cents
per barrel when for their products
they advance prices to increase
their profits from 50 cents to one
and two dollars per barrel IS about
what the producers are expected to
believe constitutes the full value
for their credit balances Justified
In the markets of the world"
Wall street says that 1t is ex-
pected the :Standard OIL company
are expected to pay sixty million
dollars In dividends In 1903. How
much dividends do Dan O'Day's
bumpers expect? The Review from
time to time has told all that the
following article from the New
York American contains. Produc.
ers should read the Americans ar
ticle and ponder over the enormous
profits of the Standard and indie
pendents. The Pure OIL Co. In fol
lowing Joseph Seep's prices
seem to have discovered most
agreeable Standard affiliations
since Messrs. Seep and Payne
have been directors in one of their
companies. No doubt with the
further acquisition of Pure Oil COM
pany stock or stocks in the compa.
MES that &C to make up the assets
of the Pure Oil company the Stand
ard will elect more directors and
will so arrange profits that the re.
fners as we'll as the Standard will
share the plumber to still greater
extent. Refined oil Is selling at
basis OF four dollars for Pennsylva-
MIA crude to say nothing of the lu-
bricatlng oil profits. Read the fol-
lowing:
Because the coal famine has
forced the public to burn refined
petroleum In enormous quantities,
JohnD. Rockefeller yesterday raised
the price of oil another cent.
This added S23 $4,000 to the
annual income OF the Standard Oil
company.
But since September 20 the price
has been raised 4 cents a gallon on
refined. This means an addition
OF $93 100000.
The oil that is sold Ia a crude
state has been advanced half 9 cent
gallon In the same time, making
an additional gain of S2,o62, 500.
Thus Rockefeller and his busi-
ness associates will profit at the
rate of $95, $685. year as a
result of the struggle the miners
made for living conditions and OF
the artificial coal famine following
the strike.
And another increase of more
than cent is promised In the near
future.
These figures were secured yes.
terday BY an American" reporter
from government statistics, revised
by two of the largest independent
exporters of oil In the city.
An exporter whom John D.Rock-
efeller employed for six years ridi,
culed the statements made of the
vast income of the oil king, saying
the largest figures ever published
we're far under the actual figures, as
he knew from hauling the books OF
the comp ny.
The advance of the oil one cent
a gallon yesterday by the Standard
company was Immediately followed
up by a like advance by the inde-
pendants. These handle almost 10
Dar cent of the tofa1 o,1fDt1t, and