STANDARD OIL.
DENIAL OF MONOPOLIES. Washington, March 5. The presidents of the Standard Oil Companies operating in the various States answering the La Follette Committee’s charges deny that any combine exists to control prices. Mr. W. C. Teagle, president of the Standard Oil Company in New Jersey, stated that the availability of industrial alcohol and other substitute motor fuels at fnoderate prices fixed a limit beyond which petrol could not rise. Oil officials declare that Senator La Follette’s findings are based on wrong premises.—(A. and N.Z.)
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Bibliographic details
Hawke's Bay Tribune, Volume XIII, Issue 71, 7 March 1923, Page 5
Word Count
86STANDARD OIL. Hawke's Bay Tribune, Volume XIII, Issue 71, 7 March 1923, Page 5
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