OIL—AND DOLLARS.
According to the Boston Mews Bureau, the net profits of Standard Oil from its 125 subsidiary companies, has averaged close to 80,000,000 dollars a year since 1906, of which 40, 000,000 dollars a year went into dividends, which means in round numbers an addition of 200,000,000 dollars to the earnings during the last four years, its gross assets bieng reported at 371,664.631 dollars and 359,400,000 dollars net, making a total asset above 500,000,000 dollar mark or 680 dollars a share on the stock. The Bureau states "it is the purpose of the Standard Oil Company to publish complete periodical statements as soon as it has freed itself from liquidation. The capital stock will be increased from 100,000,000 dollars to 500,000,000 dollars or 600.000,000 dollars thereby brinigng it closer to the intrinsic value is well understood.
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King Country Chronicle, Volume V, Issue 374, 1 July 1911, Page 6
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137OIL—AND DOLLARS. King Country Chronicle, Volume V, Issue 374, 1 July 1911, Page 6
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