New-York tribune., 1912-03-08
50. STOCK CLIMBS TO $50
,.,,, Net Advance Of 90 Carries
V'J uslse to New High Record
:, = SUBSIDIARIES, TOO, RISE
-, Enhance Quarter of a
''s1I pIIiOn Since Disintegratlon
Of Combination

-. standard oil Company or
sioes u eoId on the curb yesterday at
N'' ''iy, mare. marking new hisn record core.
50 q '1s, assr closing at $50 "Wednesday the
for H ossned yesterday morning 10 points
psrEs' va "a with succeeding sales the price
higher, an ar ,SsO at which figure it closed
poaasse ~ ,0 a share on the days trans
pet gam wbich Il totalled 1l5 shares.
The nss,'. pes. made in 1901, when the stock
FstIon s,o At that time it was predicted
sold a. s'', It.. would reach H,eN. and this
that 'n' hem fulfilled II the government
nl.,1.,Ion nsn. I had not taken place. But ever
ih'ssU -. standard oil Company OF Ne"
snos - n,ss pronounced by the Supreme
jerry ~ acting as 4 monopoly IN re-
HoM' :, trade there has been an aggre-
s'rSH' enhancement in the shares or
gate pas standard oil properties Of near
" E'A@eea ,,, ,no advance IN the
s..ns.rd oil shares has been the rise
o' -. stock Of the former subsidiaries
u Wv uhicb have doubled in value. The
s'nl. notabIe in this respect are the
li0ss ou Ohio Oil. California oil, Prai-
Al Standard oil Of Indiana. New York
T.,n.g National Transit and Buckeye
-. TANK Line. that closed at 70 on
,,..s..saav sold up 10 50 Yesterday after
81, later dropped back : points. \
H7o. ''9,.-a ~ & share was declared on the
..,,.l stock Of the Southwest Pennsyl-
-, pns Line. one Of the former Stand
- on suhsidlaries. payable on April !.
-. I r,r value Of the stock is 500 share
na.,.,. AZ the Standard oil Company
-.s,sa' yesterday that they had received no
,,,,0.t,ou Of the rumored renewal OF the
,,,.s.,isation by the government into the
,,,ss,SLary companies. II is their conten-
-, test since disintegration the company
s.s, ,.ssn every possible means TO conform
=, ,Sass.cree Of the Supreme Court
sp.ts.,ng 10 the fght between the
us,,,-s. pierce company and the Rockefeller
,rtsr.sts. representatives. Of the Standard
OH Company said that the matter was not
ono that would seem 70 be OF interest TO
the Department Of Justice.
II was further stated that the Standard
OF Company had nothing 10 do with In
ers,sing the quarterly dividends Of the
Prairie oil Company. and The report cur
rent that certain insiders had made
millions hv the action was false. It was
declared that an examination Of the trans
fer books Of the company would show that
very few shares had changed hands.
Al the Offices Of the Standard OIL Com
ssnv positive information as TO the effect
n ths proposed monopoly Of the petroleum
Industry in Germany by the government
vas not available. but n was feared that
IA. government, once Il started to carry
cut its purpose. would succeed IN gaining
contrel of the oil business in spite Of the
immense sums Of revenue paid by the
Standard OIL Company 10 the German gov
,nment every year. The annual ship
psnts Of refined American oil 20 that
country are said to be nearly ten million
,auels and the revenue Is between - and
cents a gallon.
The Deutsche- American Petroleum Gs-
ellschaft. the German branch OF the Stan
ara Oil Company, has issued pamphlet
n the situation. IN which It states that
profits VIII amount 80 rrso-
caliy nothing II Il undertakes 10 assume
ontrol Of the oil market. Germany, In
ase Of the government MONOPOLY. would
aye 10 rely on the Balkan states for A
upply of oil, and the added freight charges
-cud make II dsarer than the American
roduct. The grade Of European oil IS also
ad 70 be inferior 70 that Of the American.
Whiting. Ind March The stockholders
{ the Standard oil Company Of Indiana to-
sY voted to increase the capital stock Of
ne Indiana corporation from 10000 to
10000 After the increase has been re-
srrsd 10 the Indiana state authorities and
certificate issued by the Secretary Of
tate the directors Of the Standard oil
ompsRy Of Indiana Will direct the Gistrf-
stion Of the stock OF the company In &C
ordancs with the reorganization plan ap-
royed by the United States Court.