Jasper County Democrat, Volume 15, Number 77, Rensselaer, Jasper County, 28 December 1912 — OIL STOCKS TAKE BIG LEAP [ARTICLE]

OIL STOCKS TAKE BIG LEAP

Shares Rise 105 Points on Rumor That Standard Capital Will Be Soon Doubled. New York, Dec. 27.—Shares of the Standard Oil company of New York made the phenomenal rise of 105 points, thereby increasing the paper value of the stock $15,750,000. Th* capitalization of the Standard Oil company of New York is $15,000,000. This extraordinary rise was said In Wall street to be due to rumors that the stock will soon be increased to, double its present issue, thereby giving stockholders the right to subscribe.