The San Francisco call., 1905-02-21
Stock Suffers Big Decline
as a Result of Proposed
National Investigation and
the Trouble in Kansas
TWENTY-ONE POINT
DROP IN A WEEK
oklahoma and Missouri Now
Plan TO Join in the War
Against the Methods of
the Standard Interests
speciaI pispatch 70 rhe can.

NEW YORK. Feb. 2O.-As a result
OF steps taken against the Standard
OIL Company in Congress and IN KAN
sas, Texas and elsewhere, the stock Of
the company has declined extensively,
especially on the curb. The stock
broke six points to-day, selling down
10 $50 q share. One week ago Stand
ard Oil was selling at $646 a share.
During the interval a quarterly diyi-
dend Of SIS came Off the stock. Al
lowing for this deduction, the net de-
cline in the stock within one week has
been twenty-one points. There is OF
STANDARD stock $780, 000, coo outstanding
and d shrinkage of twenty-one points
makes a reduction in the market value
OF 81. .0O0. .O0e. Standard Oil is not an
active stock To-day's dealings
amounted to 134 shares, made up of
small lots. Small as this quantity is,
the total is above the DAYS average
trading IN the stock
GUTHRIE. okla, Feb. pa bill
providing for a territorial oil refinery
has been prepared by Representative
Mcbride and will be presented in the
House The measure will also, il is
said. compel any corporation operating
in the Territory to sell its product at
an equal price throughout the Terri
tory. Governor Ferguson is said to
y passed in Kansas
OTTAWA, hans., Feb. 20.-J. ID.
Phillips and w. b. Todd, independent
oil operators Of Warren, Pa, were here
today talking to the oil men regarding
8 proposed So. 600, 900 oil refinery to be
estab blished in st. Louis. Eastern CAPT
tai is ready TO build the refinery, the
Pennsylvania men claim, as soon as
the proper encouragement can be re-
ceived from the kansas oil producers
They are also waiting on the outcome
OF all the oil bills now before the Legis-
lature.
INQUIRY BY KANSAS.
TOPEKA. Kans., Feb. 20.-Kansas
may make an independent investiga-
ton of the Standard Oil Company's
operations in this state. The Legis-
lature may also make demands of
Congress regarding Indian Territory
oil leases. Senator T. Dumont Smith
has prepared a resolution, providing
Cor the appointment by the Legisla-
ture Of a committee TO investigate the
charges filed with the Commissioner
of Corporations at Washington by the
representatives of the Kansas Oil Pro-
oVcers' Association.
KANSAS CITY, Mo-. Feb. 2O.-The
Missouri Legislature may be asked to
take up Kansas fight against the
- e4AA0dAA OAl &OLl HdtAe- IStDISSEnla-
tive Lyons of Kansas City has, it is
said, agreed to introduce in the House
at Jefferson City the maximum freight
rate bin and the bill making oil pipe
lines common carriers. AS soon as
copies Of the bills passed by the Kan
sas Legislature are received, a number
of Kansas City men interested in the
Kansas field will go to the Missouri
capital in the interest of these meas
Ures.
PRESIDENT WILL HELP.
WASHINGTON, Feb. 20.-Repre-
sentative Campbell of Kansas, the
author Of the resolution providing for
an inquiry into the operations of the
oil interests of the country, had an
extended conference with President
Roosevelt to-day regarding the in
vestigation. Campbell presented to
the President considerable informa-
ton bearing upon the matter which
he has received since the adoption of
his resolution.
He informed the President that he
had received from the Speaker of the
House Of the Texas Legislature a tele-
gram urging him to request the Presi-
cent and the Department OF Com
merce and Labor to extend the pro-
posed inquiry to the methods of the
Standard in the Beaumont fields of
Texas. He also told the President he
had received hundreds of kilograms
aid letters daily from all sections re-
gsrding the investigation.
The Standard Oil Company, Camp
bell informed the President, already is
preparing its defense and will resist to
the utmost the Governments investi-
cation.
President Roosevelt assured Camp
bell that all of the power of his ad-
fninistration necessary would be used
IN the investigation he is undertaking
through the Bureau of Corporations
into the affairs of the Standard Oil
Company, to the end that the small
producer, dealer and consumer alike
shall have fair treatment, and that at
the same time no injustice shall be
done the Standard Oil Company or
any other concern.
A Guaranteed Cure for Piles.