Show REDUCTION IS MADE IN GASOLINE IN INI I EAST I I. I Market of of Small Independent Independent d dent nt Refineries and Jobbers Job Jobbers bers Is Narrowed I. I NEW EW YORK yonI Nov 27 Prices Prices ot fined oil oilin In field are Unsettled unsettled unsettled un un- settled and and lubricating are being shaded rather freely This is largely the result of-local of eon con on- on Oil prices throughout the country still resist the tendency to lower levels levels levels' In commodities Is selling for 30 cents retail in Dallas Texas and 28 26 cents In St. St Louis This is iR a reduction of about 2 cents from two months ago In certain certain tam tain more competitive points in Texas prices have dropped about 4 cents thelast the thelast he last few months to 28 cents Kerosene has declined 1 to 2 2 cents in the same territory r. r These reductions have been made by small Independent refining companies and Jobbers whose market has been narrowed by recent readjustment in freight rates which appears to have made it no longer for them to ship into Eastern Eastern- and Western maret mar- mar et where they had de developed de a substantial business It Il Isnow is isnow isnow now claimed that re refiners refiners re- re finers can market only in I adjacent to their plants One instance Is that with the new freight rates it costs re refiners refiners ro- ro finers one half to three quarters of a cent more a a. gallon to lay down gaso gaso- lene hene in consuming centers of Rocky mountain and Pacific districts The small margin of profit on which they sold in these districts was virtually eliminated by higher freight rates in consequence surplus stocks of refined fined oils are accumulating on small 1 I financial independent fg ra rae e conditions refiners r some Under of these h present e find r J JIt It difficult to cary these increased in In- In Thus they are now offer- offer lag concessions more This a acute situation at as 1 winter threatens rn approaches p to become m a period period when demand for Is s ordinarily curtailed It is Probable that unless their maket is broadened by readjustment of traffic conditions further unsettlement will occur The big refining and marketing companies companies com com- com com- panIcs have not cut prices In their territories territories ter ter- s although the sit situation sit sit- starting with small refiners locally is the controlling influence over overprices overprices overprices prices in sections affected Standard Oil practice usually Is to raise prices in the winter rarely advancing them during the sum sum- mer iner Unless the big Standard Oil and I Independent companies are able greatly great great- ly 11 to Increase their stocks of ot I rl during n the next few months t a situation situation situa situa- I tion will arise during I A the late t winter and spring wherein higher prices willbe will 1111 willbe I be necessary |