Word: price-cutting
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Temperature. The chart of the U. S. oil giant's condition is a price chart. In California last week came the third drastic price-cut in three weeks. High-grade California oil sells in Los Angeles now for 35? a barrel against $1.48 at the start of the year. Mid-Continent oil is selling at 53? against 81? at the first of the year. Last week gasoline stocks reached a new high for the year of 47,444,000 bbl. against 42,818.000 bbl. Jan. 1 and 55,239,000 bbl. a year ago. Refineries were operating...
Though an innovation among U. S. cars, "free wheeling" is a commonplace abroad. It is standard or optional equipment on a long list of cars including the Austin 12, Citroen, Humber, Chenard-Walcker, Renault. Studebaker, which also has announced a price-cut on its sixes, holds basic patents for its particular free-wheeling device...
...only were there many new models of familiar pleasure cars, there were two* new makes. There were evidences of factory expansion and a renewed emphasis on quality production at the same time. Only one price-cut was made a point of, and that by a firm (Dodge) into whose product there has never gone anything but high-grade material and workmanship. The Chevrolet Co. planned to spend half a million just on speeding up its distribution. Up and down the line, company presidents were in agreement with their compeer of Nash Motors: "In the automobile industry we look...
While the increasing supplies of crude oil have led to another price-cut in Pennsylvania crude, and in some sections of the country a further lowering in gasoline prices, leading petroleum men are beginning to see blue sky on the horizon again. Standard oil-usually a good judge of such matters-has shown its faith in the future of the oil business by taking advantage of the present slump to buy up producing companies. Furthermore, the Lamp-house-organ of the Standard Oil Co. of New Jersey -now has designated next June as the probable time when consumption would again...