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Show STANDARD OIL CUTS 'MS' PIE New Jersey and Louisiana Companies Reduce One Cent Gallon Ni:V VOKK, Nov . Ii. Tank wagon prices of gasoline were redpeed one cent a gallon today In states which the Staieitrd ll compan Ol N. Jersey and the Standard Ull coni-panv coni-panv of Iouisian.i operate. It was on-nounced on-nounced by Walter ' Toaglo. president presi-dent of the New Jersey company. rii, reduction will be effectlverain New Jeroey, Maryland, Virginia. NOfth Carolina. Sou". Carolina, the District of Columbia, Louisiana. Tonne v . and Arkansas The reduction is not the result of i lOWgr COgta, either of ciuile oil ur 1.-bor 1.-bor Mr. Teagle said, but Is a move-ment move-ment n th part of the company to uid in lowering of prlcgo as pan 'ox I the genera' commercial adjustment. . IU I OK t.TION. NKU' UHDKANS, Nov. Id, lleduc-' lion n tank wneon prices of one cent par gallon for gasoline effective today to-day throughout loulsWina, Tennessee and Arkansas, was announ. e.l bj the Standard Oil company of Loulitena as an aid to the restoration or wbati properly is considered normal prices." Th(- retail price of gasoline here lii-comes L'S'-i cents. .. slatemeu; silil "While there has been no material release from any of the conditions' which brought the rise in th price oi pei i oieui.i l wuui - i ul company of LoulSlanS believes thiit the process of i eudjustment now un-tler un-tler way in the lbuslne-s World must evcntunlly contribute to lower costs i of producing end refining oil l. N I II PBK I M I Ml. VI. "L'p to datC there has been no low- i rii g of labor costs, ror crude oil prices nor r cessions In th" domand for g;'3y-llne. g;'3y-llne. BedUCtioni whb h have alreadv taken place in manj ot the principal items entering into the cost of living ' huvc for the most part, not r . lied Die ultimate consumer, but It is Inevitable that before long lower prices will b,e brought about by new Quotations now 1 prevailing In primary markets Tin- standard iii compan) of i-ou- lnlnna believes thn'l this movement tu- m.i.i a restoration ol what is proper) consld rod normal orloes ehall be, aW,".' gd by the oil ndustr |