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Show OIL PRICE ADVANCED Said to Be One Indication Indica-tion of Better Times Ahead Pittsburg. Pa., Dec. 26. Announcement, Announce-ment, was mado today by the Joseph j Zecp Purchasing agency, now the buying buy-ing power of the old Standard Oil organizations, of an advance In Pennsylvania Penn-sylvania crude oil of five cents a bar-4 rol, bringing the price paid Independent Indepen-dent producers to $1.35 a barrel. Other grades were raised in proportion propor-tion as -followst Somerset 70 cents, an advance of rive cents; Ragland 4$c. and advance of three cents. No change was mado in the price paid for Mercer black, Cabell, Newcastle and Corning. Tho laBt preccdlngschango in tho price of Pennsylvania, the basis of the crudo oil market, was mado Juno 11, 1910, when the price was reduced to $1 30 Officials of the Standard companies stated that thoro ws no particular shortage In oil ot tho grades affected and express tho belief be-lief that the advance had come as an indication that times were much bet tor and tho companies which mado "up the great organization could afford iL It was predicted that it will stimulate stimu-late development. |