The citizen. (Honesdale, Pa.) 1908-1914, 1911-05-26
WHAT The OIL
DECISION MEANS
Many Hundred Plants VIII Have
to Wind Up Their Business.
STOCK is RARELY DEALT IN.

Brought $s43 Share In 1901, Fell to
Low Price of $500 In the 1907 Panic
and Has Since Almost Doubled In
Value.
The United States supreme courts
order dissolving the Standard Oil com
pany means that many hundred plants,
large and small, throughout the Unit
ed States and our possessions abroad
will be forced to wind up their bust
ness. The government authorities, as
a matter of fact, do not know the ex
act extent of Standard Oil activities.
Evidence taken in various suits APP
pears to have established that the
Standard Oil monopoly is composed of
siXty-eight domestic and fifteen for
eign corporations controlling 1913 rc-
fineries, eleven lubricating oil works
one vaseline plant, twenty-four pipe
lines and siXty-four selling agencies. TO
say nothing of the oil tanks and prod
uct located at every important railroad
SlIllpl III tllc COuulIN NllCu uIt SO
familiar to railroad travellers.
Forty four Subsidiaries Named.
In the government proceedings re-
viewed by the supreme court only for
tyfour subsidiary companies of the
monopoly are named These We're the
companies in which the ownership of
the mOnOpoly's holding company. the
Standard Oil Company of New Jersey,
was established beyond a reasonable
doubt
The Standard Oil Company of New
Jersey was incorporated under the
laws of New Jersey in 1899. Previous
to and including June, 1899. dividends
were paid on Standard Oil trust GER
tificates. After that date disburse-
ments We're made on the stock of the
Standard Oil Company of New Jersey.
The capital stock of the company
was increased in 1889 from S9S,33S. .3S2
to $10,00O,000 G per cent noncumua-
tive preferred and $100,000,000 COM
mon. The $10OO0,O0O preferred was
held in the treasury, and no announce
ment of it's sale has ever been made.
Standard Oil stock is dealt in on the
New York curb market. Because of its
exceptionally high price it has been
commonly termed a millionaire
stock" The floating supply of the
stock in the financial district is very
scant, practically extinct Only in
times of acute financial depression, like
the panic in 1907, is the stock ever real.
ly pressed for sale.
Has Sold at $843.
Because the stock is so closely held
large changes have been witnessed in
the price of the security. 1t is not un,
usual to see a difference of twenty
points on very small block of stock.
The highest price the stock has ever
brought in the last ten years was SSl3 a
share in 1901. A low figure was estab
lshed in the 1907 panic, when the price
fell to $500. Since the panic the stock
has almost doubled itself in value
During the last ten years the stock has
struck an average of approximately
5000 share.
lnere Is propdply hol colhpahS w
ing business today that can approach
the Standard Oil in making liberal div
idend disbursements to its stockhold
ers. Covering a period since 1882 W
to the close of business of last year
stockholders have received from the
company in dividends the stupendou'
sum of $726210,509.
This huge amount is equal to 735 pc
cent, or over seven times the origina
capitalization.