Messrs. Honigsberg's Assault on Prices Charged by Oil Companies: Significant Reductions by Latter Shas May A. gasoline war has begun Shanghai, First grade gasoline can be obtained this morning at 63 cents per gallon from "Apple Green" pumps situated outside Bessrs. HI. S. Honigsberg & Co's garage at' 40° Bubbling Well Road. The gasoline is from the Pan-Pacific refineries and nas been imported by the above firm as a result of the failure of the Asiatic Petroleum Ca, and the Standard Oil Ca. to ect local garages and reduce the price to a reasonable level.
tt will be remembered that the A. B.C. and the Standard Oil Ca. reduced the price of their 75 cents on May 3, and, a3 p recently in the "North-China ly News" in two articles, the price of gasoline in China has been kept to levels out of all propo to those ruling in America. cents por gallon, Assuming that the gasoline sold in Shanghai to-day costs the two companies 40 cents (local currency) per gallon to lay down here, for it must be rome hered they are not middlemen, then the approximate profit on Shanghai sales alone must be in the neighbourhood of $1,000,000 a year.
Text read from the printed page and cleaned; old type leaves the occasional error.