Salt Lake Herald-Republican | 1913-02-01 | Page 9 | Oil Advanced to $2.40

I OIL ADVANCED TO i I Dividend of JOO Per Ier Coot Cent Paid by One I Producing Company Pittsburgh Jan 31 The The The- rapid a advance advance ad ad- vance vanoe in the price of or principal grades of crude oil was waa continued today when at nt the opening of tho the market another 7 cents was tacked to the price mak making makIng making mak- mak ing Pennsylvania crude the tho basis of ot all values Reports from tho the principal pipe line companies show that during this month the runs rune from tram wells wens located in the eastern fields including Ohio and In Indiana In- In diana have averaged a 0 little more than barrels a day while durIng dur dur- ing the same period shipments have averaged a little more than barrels n a d day an excess excels of consumption consumption tion over production of ot about barrels during January So prosperous have some of or the oil companies companies' become that one progressive sive company declared a per cent dividend r