Show STANDARD OIL MAY HAVE COMPETITION By International News Service NEW YORK Sept 14 Ne Negotiations arc aro pending for tho the acquisition of the Associated Oil company by the Union Oil company of California Matters havo have reached d such a sta stage e that actual consummation of the tho deal dea which willbe will willbe willbe be ono one of the largest est put through in in years is expected in the near nar future Tho The Associated Oil company is controlled eonS con trolled by the Southern PacIfIc R Railroad Railroad Rail Rail- il road company which owns owns of the tho outstanding common stock The Union Oil company of C California Call Cali fornia has bas an authorized capital capita of 50 so 80 that tho amal amalgamation of ot those these two two concerns will result in the establishment of pr probably bably tho the greatest competitor tho the Standard Oil ever had bad Just what the terms of t tc the consolidation consolidation consoli consoli- dation would be cannot be learned definitely definitely definitely but it is known that tho the proposition proposition b being boing DJ considered involves the turning over ove of a large amoun amount t of cash ash to the asso associated interests A Acquisition by the Union win will not be relished by the Standard Oil which has had its eyes on the Union pro property for years but was afraid to take it over lest such action stir up public PubU indignation tion and excite further att attacks ks on the company by politicians s. s Interests controlling the Union Oil on company of California have considered the advisability of ot aC acquiring the As Associated Ass Asso elated Oil company for lor a long Thug time timo About a a. year B ago O the Union people entered en en- into ne negotiations with a view to absorbing tho the Pro property erty hut subsequently subsequent subsequent- ly these those negotiations were broken off off because there was a divided opinion amon among the leadin leading people of ot the Union about the wisdom of carrying it out More ore recently however the proposition has been looked upon with increased favor |