The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-08-09
STANDARD OIL PROFITS.
Fabulous Sums in Dividends Paid by
the hIonopoIy.

the HlOEOpoly-
NEW YORK, Aug 9.-The fabulous
profits of the Standard Oil Company stag
ger even those who are accustomed to deai-
ing with millions.
The latest dividend OF per cent on
$l0G, cocoon Of common stock. or profit
Of $4,000 coo, viii be paid September Is to
stockholders Of record OF August 10 There
is 10000, GOO Of per cent, non-eumulatiye
preferred stock, but most of this was
some time ago exchanged for common stock
and is now held in the treasury, so that the
net earnings of the huge corporation can
be applied at the discretion of the direc-
tors, to the common stock pretty nearly in
their entirety.
This is the third dividend to be declared
by the company this year. One in March
was 20 per cent and cae in June 10 per
cent By September Is the company will
have divided as profits in one year $685.
coo, 900 between John D. Rockefeller, VIII
liam Rockefeller, his brother, and the
comparatively few other men who own its
stock.
The common stock developed decided
strength in the curb market here upon the
announcement of the declaration OF the
dividend. Il closed at 535, net gain for
the day of five poins. at this rate OF va
lie, the possessions of the Standard On
Trust would amount to at least 5,0O0,-
600, so that its market price gives one
pretty fair idea of its size.
The profits of the Standard Oil Company
are compared with those of the banks OF
the country and the value OF farm pro-
ducts in New York State. as follows;
The annual report of the Comptroller
OF the Currency shows that in 1893
the dividends of all the National
Banks IN the United States were. S46,G91, 5J2
The Standard Oil will pay Ia dividends
this year observation-disclosures. 10000
The estimated value of all the farm
products IN New YORK this year Is. l9I $4,000
In four yedTs-I593, 1895 1888, and
I990-the Standard Oil Company viii
faye paid in dividends ....---.....- l34CJJ'eJ0
1t is also stated that in the last eighteen
years, including 1900 the company has
paid $270, 25O, 600 in dividends, as follows:
From 1882 TO 1891 it PAID il dividends
al "a pes cent -:...-....'''.'..-.. 4.'z'0,G5y 9
1891 1895, dividends az Z per cent. As 100000
1896, dividends at 81 per ccut.....-.. 3lOft,tHD1
1897, dividends at % per cent? 330tj-uJJ
1898 divide nds at 50 per cent.--....- S0gy5,OJj
1899. dividends at 80 per oent.-.--..- S3,e-D,J1J
1900, dividends at IS per cent? 4s,G3o,O0G
Total 270. 253, 900
liz five years the company viii have paid
in dividends more than all the wealth OF
all the VandeTbiits.
John D. Rockefeller. president of the
company. is credited with owning about
one-third of the million shares OF the cor
poration. On that basis his check for his
share OF the present dividend would be APP
pToximately 8. 600 .00o, and should the diyi-
dend payments continue only at this rate
Mr. Rockefeller would draw annually about
$40, 664 eco from his Standard Oil holdings
alone
But it Is highly possible that the pay
laents may be made at even higher
rate. Including the present dividend. there
will have been paid by September Is,
counting the per cent dividend of last
September. in the year ending with that
date. IS per cent-that is S48 0G0. Geo by the
company-so that in this period it has ay
eTaged in dividend payments L per cent
a quarter. It has paid IS per cent in the
year 1880 alone. OF the SIS, Gee, coo thus re-
returned to the stockholders Of the com
pany John D. Rockefeller receives about
$4,000, 0G0, a princeIy income for a single
year from this one source.