Word: price-cutting
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Dates: during 1923-1923
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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...