Show STANDARD CUTS 0 OIL IL PRICES reductions made in europe and the far east in campaign to increase use of kerosene new york J I 1 C clarke through whom tho the standard oil company makes its official announcements to the public has issued a statement to the effect that the company has entered on a thoroughly mapped out campaign to increase the consumption ot of kerosene in Dir european countries and the lands of the orient the first move in this campaign Is the reduction of the prices of oil in those countries mr Cl arkes announcement says in part the standard oil company has inaugurated augu rated a campaign to increase tho the worlds consumption of refined oil the level of prices for refined oil today in the united states is lower than at any time during recent years and as a direct result of these prices tho the consumption of refined oil in this country Is increasing the same policy is now being actively pursued abroad As indicated by this statement the standard company began trying out the policy of lower prices in the united states though without announcing noun cing that it had in view a campaign that would cover the world in august the price of refined oil in tanks was reduced iced from 6 to 5 cents a gallon and the price of refined oil in fit barrels at tho refinery nery was cut 1 cent from 9 to 8 cents a gallon |