Show PRICE REDUCED BY THE STANDARD I Oil Combination Eliminated the Jobbers and Retailers S New lew York Nov Nox 23 Detailed information Information tion of or the magnitude and diversity of or the tile Standard OH on business was given gien by John D Archbold vice president president president dent of or the tle company compan on the resumption of or his testimony today toda In the hearing of ot the federal suit to to dissolve the oil 0 II combi combination nation Mr Archbold asserted that It wag wat wa the Standard which by b eliminating the tho Jobbers and retailers stepped In and greatly reduced the price of or oil to con consumers consumers sumers The hearings were adjourned to today toda today day da after artera a brief session until next Mon Monday Monday on onda day da when Mr 1 Archbold will resume his testimony That even those closely closel identified with the Standard in its early earl days did not recognize its future possibilities was waN bright out today when Mr Archbold said that In th SOs fears were widespread that the supply of crude oil would be de depleted depleted depleted and that accordingly according he parted with hla hii hI trust shares at TO U o and SO 50 cents cent centon on the dollar Much of the day da was as In spreading upon the record figure showing the production and consumption l lof of oil In 1882 1552 and the present time 4 V Mr Archbold did not think much of or possibilities of or the oil fields when Ihen they were ere discovered and caused a laugh when he recalled that at the time lie he said he would undertake to drink all the oil they produced pr ducro These oil fields fl e barrels each day and Mr Ir Archbold said mistaken In his early earl Judgment Mr Archbold testimony will probably last Jast several days dl S and counsel for the de defense dei defense i probably will wi place William Rocke Rockefeller Rockefeller I feller teller on the stand Immediately Imm after afterwards afterwards afterwards wards t i |