Jasper County Democrat, Volume 15, Number 35, Rensselaer, Jasper County, 3 August 1912 — STANDARD OIL TAKES LEAP [ARTICLE]

STANDARD OIL TAKES LEAP

Old Company's Stock Goes to SI,OOO a Share in Wall Street—Makes Record. New York, July 30. —Wall street saw the high mark of SI,OOO a share made for old Standard Oil stock. At SI,OOO a share, the market value of the old company, including subsidiaries, is represented by approximately $1,000,000,000, the capital outstanding of the disintegrated trust being $100,000,000. When the dissolution took place the market value of the old stock was $675 a share, or a total market value for the entire capital of $675,000,000. John D. Rockefeller owns about onequarter of the old stock, or 250,000 shares. Therefore, the increased valuation has meant $81,250,000 more for him.