Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1904-07-12
The oil fields of Texas, accord

ed decline IN production, and the
boom seems to have subsidized in
the Kansas fields. Routine work
in all fields is the rule, with no
extremely energetic display in
any particular locality. Results
are not encouraging in the Eastern
fields, and the summer drilling not
only has not increased production,
but has failed to maintain it.
Shipments have been light and
below the receipts of high grade
oil, but this is a condition quite IL
able to change quickly. For gas
oline markets the weather has
, been most unfavorable, and lower
prices have prevailed. The season
is always dull for Illuminating
products, and the dull period in
manufacturing circles has caused
falling off in demand for lubri-
eating products. AS to foreign
markets, little knowledge of a re-
liable nature is to be had outside
of the Standard Oil company, and
the foreign corporations and in
dividuals with whom an under
standing is supposed to exist.
There is no knowledge of condi-
tons in possession Of the officials
of the Pure Oil company. This
company trails along in a blind
sort of fashion, following Stand
ard prices and getting in to such
corners of the markets as the
Standard seem willing to leave
open. At a recent meeting of one
of the allied companies of the
Pure Oil company, the United
States Pipe Line company, div
idend of go was declared. This
is the second dividend made by
this company during the period OF
it's existence-some ten or more
years. The Standard Oil COM
pany, who are the owners OF a
large portion of the stock OF the
United States Pipe Line company,
share in the dividends. The Pure
Oil company pay no dividends,
and the stock which last year
had reached a fictitious specula-
tive value is now selling at about
par. The large and new refinery
of the Pure Oil company at Mar
Gus Hook, near Philadelphia, is to
be started up this month. During
many years the independent re-
fners connected with the Pure Oil
company pipe lines have reaped a
very rich harvest, while the pro-
ducers who were stockholders de-
rived no benefits of consequence.
! Titusville talent is now IN con-
troll of the Pure Oil company, and
the Standard Oil company officials
seem quite contented. The Ken
! lucky oil fields do not offer much
inducement for investment. Prices
for Kentucky oils are not profit
able as a rule, and producers IN
those fields do not speak encour-
agingly of their prospects. In all,
there are seventeen different quo
tations for crude oils and only one
quotation for refined products,
These quotations are all made by
one man. or rather by commit
tee of the Standard Oil company
with John D. Rockefeller at its
head. What sorry spectacle the
oil producers of the United States
and the consumers of the world
make of one of the greatest indus
tries. Practically one man max
ing prices for all products OF Pc
troleum. All oil producers have
truly become common bumpers
and the world as a consumer the
object for a general loot No laws
are enforced to control the meth
DDS or the men responsible for the
conditions. AS an illustration OF
the easy manner in which oil pro;
ducers become victims of manlpu
|lation and combinations there can
be no better example than the
machinery trust, which is a com,
bination against all laws ano
clearly in restraint of trade, the
parties to the agreement being
bound in iron-clad terms and by
forfeiture in not selling their en-
gines and boilers except at price
agreed upon by all. In addition
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