Companies Reduce Lower Grade Spi it to 60 Cents and Best to 65: Honigsberg Gasoline in Brisk Demand Shanghai, May 26.
'The gasoline war is still on and the "big guns" have spoken. The lull in the proscention of the war oni the part of the oil companies is at an end and they have now launched a gas.attack on the "Apple! Green'? pumps. "Shell" and "Pratt's gasoline will be obtainable this morning'at 65 cents per gallon and "Flying Wheel" and "Socony" at 60 cents, Messrs. Honigsberg's gasoline—which is all first-grade—remains at.63 cents Meanwhile, local motorists. look! on and hope for more warfare. The "Apple Green" pumps were again, Linsy all day yesterday and all previous records have been broken.
All: who have purchased the gas are quite satisfied with its performance, land there is no doubt that Honigsberg's gasoline has come to stay.
The Question of Rebate Other garages have not yet been! notified of nny increase in the rebate allowed by the oil companies, and in this connection it will be noted that} their commission on May 3, was 60] cents on five gallons, to-day it wilh be 48.75 cents—that is unless tho} cil companies decide early this morn-to increase their inducement to rages to sell gasoline. The mate er has been under consideration by the companies but naturally such a drastic step in favour of the garages cannot be taken hurriedly. A fore ther five per cent. or 3.25 cents per vallon would mean that the oil com panies would have to donate a further $9,750 to the garages conch month, which would have to come Cat of the companies' montly ence. Caleulating monthly sales!
"300,000 gallons, the revenue will be $195,000 less 15 per cent., i.e $165,750 or $1,989,000 a year—presuming the price remains at 05] cents.
Tt seems, however, unlikely that the price will go down very much ower in Shanghai, as it was report yesterday that gasoline had increased in price in America, Shanghai motorists are, therefore, lucky! that the "wax" commenced when it did and must hope for the best and more warfare,
Text read from the printed page and cleaned; old type leaves the occasional error.