The Savannah morning news., 1904-06-17
FIVE CENTS OIL
OFFERED HERE
WHOLESALERS ASKED TO BUY.
AUGUSTA BROKERAGE COMPANY
is HUSTLING TO SELL GOODS.

String Tied to Proposition which
Gives Vendors Option of Delivery
Within Sixty Days and a Number
of Local Dealers Wouldn't Touch
It-Standard Oil Agent Here Does
Not Take Any stock in Alleged
Coup.
Coal oil, or rather an optional con-
tract on the part of the vendors to
deliver it, was offered in Savannah yes
terday at cents a gallon by Mr..
Austin Daniels, representing the Au-
gusta Brokerage Company, the story
of whose alleged coup on the Standard
OH Company at Augusta was told in
yesterdays Morning News.
Owing to the fact that there was
a string" tied to the offer provid-
ing that the oil should be delivered
or not at the option of the seller with
In sixty days, sales were slow, most
of the wholesalers declining the offer
on the ground that there was no Sc
curity that it would be delivered. One
company offered to buy, provided bond
was furnished that the oil would be
delivered, proposition which was de-
clined.
In some cases 800 barrel lots were
onered a t cents, and it is reported
that even smaller lots were to be had
at the same figure.
Besides sending their representatives
TO see the wholesale grocers, tele-
grams were sent from Augusta by
the brokerage company named and by
other Iii,
Alleged Agreement With Brokers'.
According to the story from Augusta
the Augusta Brokerage Company
secured, written contract for sixty
days with the agent of the Standard
Oil Company providing that the bro
kers should be supplied with oil by the
Standard Oil Company at a price
one-half a cent less than it could be
obtained from any other company.
IL was claimed by the brokerage
company that the Peoples Oil Com
pany, of Augusta, would furnish oil at
S1s cents per gallon, the prevailing price
for 100 test being liz cents from the
standard. On the strength of the all
legged contract with the Standard the
brokerage company began offering oil
IN Georgia cities in large quantities at
cents gallon.
HustIing for Orders.
Conceding that the brokerage COM
pany has a binding contract with the
Standard, it is hurrying to take orders.
reserving, however, the option of de-
livery or not, the Savannah dealers say.
In case the Standard refuses to abide
by the contract. the brokers will then
be able to maintain that they have
been damaged many thousands of dol
lars from sales made on the supposition
that the agreement. as to cutting one
half cent under all competitors, would
be carried out.
Some of the wholesalers even went
so far as to say they did not believe
the brokers believed they could deliver
the coal oil at the price named, but
that the idea was to take the orders
so if the Standard refused to furnish it
at cents per gallon, the alleged dam
ages would be larger.
At the present time oil cannot be
taken from the wells in crude form at
less than 212 cents, not including the
refining, inspection or freight.
In speaking of the matter. Mr.. E.
S. Player, local agent of the STANDARD
Oil Company, said IT do not believe
there is any truth in the report that
any such contract has been obtained
with the Augusta agent. The Standard
does not authorize such contracts, nor
would it's agents have made one If they
had the power"