Similar  careful  and  thorough  comparisons  were  made  of  the
domestic  and  foreign  prices  of  lubricating  oils  produced  by  the
Standard  Oil  Company  and  sold  in  the  principal  foreign  markets,
which,  for  these  oils,  are  the  United  Kingdom,  Germany,  the  Nether-
lands, and  Belgium.  As  to  these  comparisons,  which  are  given  in
tables,  the  report  summarizes  thus  (pp.  397,  398) :

It  is  evident,  therefore,  that  these  lubricating  oils  were  systematically  sold  at  lower
prices  in  foreign  markets  than  in  the  domestic  market.  While  the  English  lubricating
oil  prices  compared  above  included  a  large  enough  number  of  brands  to  make  it  fairly
certain  that  they  represent  the  general  position  of  the  trade,  the  same  is  not  so  evident
for  the  more  limited  number  of  brands  quoted  for  the  German  market  in  the  preceding
table.  However,  it  is  said  by  parties  in  the  trade  that  these  are  important  brands  of
the  Standard  in  those  markets,  and  it  is  probable  that  the  prices  for  other  brands  for
which  the  Standard  does  not  have  such  a  large  trade  would  not  be  relatively  higher.
The  markets  of  the  United  Kingdom,  Germany,  the  Netherlands,  and  Belgium,  in
which  the  prices  of  lubricating  oil  have  thus  been  shown  to  be  lower  than  the  domestic
prices,  represent  a  large  part  of  the  export  business  of  the  Standard  Oil  Company,  and
hence  are  in  a  high  degree  typical  of  its  policy  in  selling  lubricating  oil  abroad.
The  exports  of  lubricating  oil  to  these  countries  formed  59.6  per  cent  of  the  total  exports
of  lubricating  oil  of  the  Standard  in  1904.
OFFICIAL    CONDEMNATION    OF   ALL    EXCUSES.
