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...York from merging with Vacuum Oil Co. (TIME, March 3 et seq.) reached an end last week in Manhattan. Vacuum Director Harold F. Sheets, the last witness, analyzed world petroleum production in 1929. According to his figures. Royal Dutch Shell was far in the lead with 175,992,000 bbl., with Standard of New Jersey second (101,100,000 bbl.). Socony and Vacuum combined were down in sixth place (57,986.000 bbl.). In daily refinery capacity he put Standard of New Jersey first (718,000 bbl.), Dutch Shell second (704,000 bbl.), and Socony-Vacuum fourth (263,000 bbl.). Thus...
Newest method of distributing gasoline-and great current boon to the steel industry-is cross-country piping.* Last week a new Great Lakes Pipe Line Co. (jointly formed by Barnsdall Corp. and Continental Oil Co.) announced it would build a 1,400-mi. line with capacity of 30,000 bbl. daily to connect Barnsdall and Continental refineries in Oklahoma with Des Moines. From Des Moines a four-inch pipe will run through Iowa and Nebraska to Minneapolis and St. Paul. A six-inch line will join Des Moines and Chicago. Another four-inch line will run from Chicago to Milwaukee...
...Texas a committee organized at the request of the Texas Railroad Commission to study oil conditions suggested a reduction of 126,000 bbl. of crude in the State's average daily production. Present daily average is 863,450 bbl. Maximum demand according to the committee is 76,500 bbl. less than the average production...
...Jersey. Vacuum and Standard reasons for merger are that they must face severe competition in New England and New York from Sir Henri Deterding's Royal Dutch Shell Oil. Testimony showed that Shell's 1929 sales in the district were 7,175,241 bbl. of 42 gal. each. Combined Standard and Vacuum 1929 sales in the same district were more than 17,500,000 bbl. of 50 gal. each...
...there was not a single gasoline filling station in New York City. Standard Oil was then mostly household kerosene and machine oils, and Standard had an unchallenged monopoly. In 1904 (when Standard of New Jersey made a $62,000,000 profit) there were only 55,000 automobiles registered, 6.908.000 bbl. of gasoline produced in the U. S. Last year there were 26,501,000 automobiles registered, 447,-000,000 bbl. of gasoline produced. The sale of lubricating oil in this period, said Mr. Sheets, had risen only 4½ times, the production in gasoline 64 times...