Business & Finance: Socony-Vacuum Merger

In 1909 Standard Oil Co. of New York sold 92% of the petroleum products used in New York and New England. Last "year it sold 23%. Instead of gloomily contemplating this loss of dominance, last week Socony gladly told about it. The reason: to show the U. S. Government that oil conditions have vastly changed since the old Standard Oil Co. of New Jersey was dissolved in 1911, that Socony and Vacuum Oil Co., both units of the former trust, may now legally merge.

To prove that they may not merge, the Government last week...

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