Jasper County Democrat, Volume 14, Number 14, Rensselaer, Jasper County, 24 May 1911 — STANDARD OIL’S WORTH. [ARTICLE]

STANDARD OIL’S WORTH.

Its Surplus Is Worth More Thah Five Times its Capital. The Standard Oil Company has a capital stock of $110.000,000, of which $100,000,000 is common and $1,000,000 is preferred. It is supposed 'to have a surplus of about $500,000,000. The stock yesterday advanced from 675 to 679 M a share. ,It closed on the curb after the decision was known at 650 bid and 700 asked. J*he cash assets of the company, according to the last annual report, were about S3BB a share. These assets do not include the value of the company’s oil above the ground, whidh is figured at $300,000,000, or about S3OO a share; so that in actual liquidation the value of the Standard Oil stoeli would be about S6BB a share, f The company has 8,000 miles of trunk pipe line* 75,000 miles

of feeders and controls 70 per cent of the refining business of the country, having 22 refineries, each with a daily capacity of from 15,000 to 30,000 barrels. It has erected ahd -maintans oil supplies in nearly 4,000 stations through* the United States, holds 80,000,000 barrels of oil continually in reserve and requires 9,000 tank cars and 5,000 tank wagons to handle initial domestic distribution. More than one half of the Company’s refined products is consumed abroad, 200 vessels, including 60 ocean tank steamers, being engaged in transporting its products, and this foreign business ‘had brought to this country more than $1,000,000,000 of foreign gold. The company eenploys 70,000 men. has a pay roll of $150,000 a day, and in 40 years of corporate existence lias had no labor troubles.—New York World.