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Newspaper Page Text
WASHINGTON PICTORIALLY IN WAR TIME
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Boys of the Washington manual training high school have formed a
cadet corps and are drilling daily. This picture shovs the corps in action.
FEDERAL BOARD SAY STANDARD
OIL DOMINATES GASOLINE
INDUSTRY OF U.S.
Washington, April 25. That
Standard Oil interests substantially,
dominate ths gasoline industry was
the finding of the federal trade com
mission transmitted in its report to
the senate yesterday.
Refining, pipe line transportation
and marketing of the finished pro
duct, the commission declares, are
controlled by the "oil octopus."
Real competition does hot exist be
tween the various Standard Oil com
janies because of interlocking stock
ownership through majority share
holdings by identical interests, the
report sas. Despite the dissolution
of the so-called "oil trust" by the su
prerne court, the commission has
concluded that Standard Oil domina
tion has a "fundamental bearing" on
gasoline prices, declared to have been
Legislation to meet the conditions
is strongly advised.
New York, April 25. Rise in price
of gasoline is due to "the natural op
eration of the law of supply and de
mand," A. C. Bedford, president of
the Standard Oil Co. of New Jersey,
said after reading the findings of the
federal trade commission.
New York. Newspapers gained
$20,000,000 in advertising since 1916
and magazines gained $9,000,000,