The Archive · 1936

Madison, Wis, Aug. 3

The Federal Grand Jury, ina sweeping climax to an investigation which has been in progress since May, to-day indicted twenty-three major oil companies, 58 individuals and three publications, on charges of conspiracy. The "jury issued warrants, of arrest charging the defendants with conspiring since February 1995 to "raise and peg the Prices of gasoline," principally in ten middle western states, through manipulated buying and selling.

The defendants, the jury alleged, bought from independent producers through a pool at artificial prices, and then sold the gasoline 10 jobbers under long-term contracts at prices which were established and Published in the Chicago "Journal of Commerce" and "Platte's Oil-gram."—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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