Evening Republican, Volume 23, Number 198, Rensselaer, Jasper County, 17 August 1920 — Page 2 Advertisements Column 1 [ADVERTISEMENT]

No Profiteering In Oil THE Federal Trade Commission in its report to Congress, emphasized the point that the recent advances in prices of crude and refined oils were a natural result of increased demand, coupled with the difficulty experienced by the oil companies in getting adequate supplies of crude. Other factors contributing were increased costs of drilling, producing and operating generally; also the influence of the unfavorable developments in Mexico in the last few months. The official statement of the commission is refreshing to those who are familiar with the conditions. Not only does no profiteering exist at the present time, but facts demonstrate that - there has been no disposition on the part of the oil industry to take advantage of any of the circumstances which might have justified price advances. During the war, the entire petroleum industry united to hold down prices, even at the risk of actual loss. During recent transportation difficulties, while strikes actually created a shortage of gasoline in some parts of the country, nevertheless price advances did not take place. The value to the public of such a highly trained organization as that maintained by the Standard Oil Company (Indiana) is obvious. Anticipating and preparing for difficulties in refining and distribution of petroleum products, are some of the functions of this Company. Standard Oil Company (InMaM) 910 S. Michigan Ave., Chicago lust -

EAGLE“MKADO" PENCIL N 0.174 gj* atjpur EAGLE PENCIL COMPANY. HEW YORE