The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-07-02
OIL co. STEPPING IN.
STANDARD A COMPETITOR OF Ma
VAL STORES FACTORS.
SELLING TO EXPORTERS.
SEVEN TANK CARS OF SPIRITS TO
PATERsON-DOWNIN & co.

Shipped by Standard OIL Company
From Georgia, Alabama and Miss
issippi, and stored by National
Tank and Export Company-The
shipment Looked Upon as an En-
tering Wedge by the standard Into
the FnctOrnge Business-What the
Factors Says. About 1t.
Savannah naval stores factors are
keenly interested in what is. generally
conceded to be the opening wedge into
their business by the Standard Oil
Company which has just begun it's
dealings with foreign exporters of fine
products. While little is being said be-
cause there is little to say, the trade
is nevertheless watching the pro-
gress of the Standards movements,
which seem to be to come into direct
competition with the factors.
For a long time it was believed in
some quarters that it was but a ques-
ton of time when the Standard would
launch out into the foreign business, by
either exporting direct or selling tur-
pentine to exporters. Heretofore the
company has directed its attention ex-
clusively to the domestic trade dis
tributing about all the stuff it bought
in the West, where an enormous trade
IN turpentine was established 1t was
assumed that the company would stick
to is domestic business, but it has
come to the front as a seller to export
ers, who all along have been the ex
elusive customers of factors. n
Since the present sales were made it
is stated the amount disposed of was
. surplus above domestic demands
which had to go, and that it does not
mean the Standards invasion of the
export trade. AS its right is admitted
to be that of any other company or
corporation seeking trade the chances
are 1t will continue to sell to exporters
as long as the business is found to be
profitable.
The National Tank and Export Com
pany of this city has received during
the. past few days seven or more tank
cars of spirits from Georgia, Alabama
and Mississippi. shipped here by the
standard to the Paterson Downing Co.
and stored in the tanks at the Coast
Line wharves. Some has already
been exported. The amount received is
about 5000 to $500 gallons all told.
The turpentine just received is upon
contracts sold to the Paterson Down
ing Company for May-August deliv-
cry knowledge was lacking among
the local trade of the transactions. if
is stated, so that when the receipts
came pouring In, the result was a
drop in the price of spirits Thus far
the price has dropped about $3.50 per
barrel and is apparently not at the
n dRhFa q.
OF Ac was reported on yesterday
Speaking of the sales made By the
Standard, one factor said:
The general understanding among
the trade was that the Standard was
giving its attention to domestic bust
ness. but it appears the company is
to cater to the export business as
well. To What, extent it will go re-
mains to be seen. The chances ATE
that they will supply all the custom
ers they can get, for like all other
business concerns, it is not working
for the health of its stockholders. The
company buys largely in the interior,
where spirits are brought ta-- its tank
cars and paid for at Savannah prices,
less the freight from the point of pur-
chase to this market. 1t is said the
present sales represent a surplus over
domestic demands The company is
no doubt buying all the spirits it can
get from the Independent operators
and as soon as it is able to obtain a
sufficient supply from them it is prob
able the export business will receive
more attention. If there are a suft1-
Gent number of operators independ-
ent of factors to supply the Standard
it is likely foreign trade will be sought.
There is no use viewing the matter
from any other than an actual stand
point"