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In 1900 the
Consolidated Gas Company cut the price it sold gas to consumers to .65 per thousand feet. Its ability to maintain this rate while paying its operating expenses and keeping its equipment in prime efficiency, gave it an advantage over its competitors. During the first years of the 20th
65:
Gas Light
Company began to encroach on the business of the Standard Gas Light Company in Harlem. Standard Gas Light Company attempted to sell gas for as little as .40 per thousand feet, but was unable to operate without a loss.
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attempting to prevent state officers from enforcing the .80 gas law. The utility contended that if it were compelled to furnish gas to its customers at .80, it would realize a profit of only 14.5 cents per thousand feet.
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In
December 1896 the firm reported that the annual aggregate loss of New York City gas companies due to bad debts amounted to $ 500,000. By the fall of 1898 the
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33:, in 1890. The business maintained two branch offices at the southeast corner of
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century it absorbed its rivals, including the
Standard Gas Light Company.
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112:, Wall. Nlby paacealaga Street Journal, December 18, 1896, pg. 2.
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In 1906 the
Standard Gas Light Company filed a suit in the
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Non-renewable resource companies disestablished in 1906
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Non-renewable resource companies established in 1890
164:Defunct natural gas companies of the United States
124:, Wall Street Journal, September 3, 1898, pg. 1.
57:History of corporation; takeover by competitor
174:Defunct energy companies of the United States
136:, Wall Street Journal, March 24, 1905, pg. 2.
8:
148:, Wall Street Journal, June 1, 1906, pg. 4.
204:1906 disestablishments in New York (state)
169:Defunct companies based in New York City
199:1890 establishments in New York (state)
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16:Defunct American public utility company
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189:Public utilities established in 1890
29:which had its primary office at 173
14:
45:. The branch offices served the
94:The Standard Gas Light Company
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35:Lexington Avenue (Manhattan)
75:United States Circuit Court
220:
20:Standard Gas Light Company
100:, January 3, 1890, pg. 4.
110:Where The Companies Lose
43:125th Street (Manhattan)
53:district respectively.
39:42nd Street (Manhattan)
134:The Gas Investigation
179:Broadway (Manhattan)
31:Broadway (Manhattan)
98:Wall Street Journal
41:and 19 and 21 West
49:district and the
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146:More Gas Suits
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47:Madison Square
27:public utility
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24:New York City
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122:Gas Matters
158:Categories
82:References
63:East River
51:Harlem
22:was a
37:and
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96:,
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