Democratic Sentinel, Volume 22, Number 11, Rensselaer, Jasper County, 19 March 1898 — BIG OIL MAGNATES SELL BONDS. [ARTICLE]

BIG OIL MAGNATES SELL BONDS.

Millionaires Dispose of $15,000,000 Worth of Securities. For some time past the prominent New York bond houses have been cognizant of the liquidation of a heavy line of Government bonds. The transaction is now completed and the deal has been traced to the Standard Oil group of millionaires, who have, according to the best calculations, disposed of about $15,000,000 worth of Governments. The sellers, who follow the Standard Oil rule of refusing either to verify or deny any report concerning themselves, have received some of the best prices during the last three weeks, and the average selling figure is far above the present market price.