New-York tribune., 1920-03-25
Standard Oil of
N. ]. Goes on the
Big Board To-day
Company's Output This
Year Expected to Show an
Increase of 10 Per Cent

The governing ommittee Of the Stock
Exchange approved yesterday the ap-
plication Of the Standard Oil Company
of New Jersey to list its preferred
and common stocks, and trading IN
those issues on the "big board" will
start to-day. Hitherto the only mar
ket in the shares has been on the
New York Curb and through overtime
counter transactions. The listing ap..
plication contains twenty-six pages of
data concerning the parent company
and it's constituent properties, lnclud-
ing history of the old Standard Oil
Trust up to the time Of it's dissolution
in 1912. The total stock listed is $780,
676,600, consisting of $98,338,30O COM
mon and an equal amount of per
cent cumulative non-voting preferred.
There are twenty-eight companies now
directly owned or controlled by the
New Jersey corporation.
Statistics Of the parent corporation
showed that in 1919 it refined 1872, ,457
barrels of naphtha and gasoline, 9, 10s,-
634 barrels Of refined oils, 12,647,2
barrels of gas and fuel oils, 1857 ,576
barrels of lubricating oils, 39,686 tons
of scale wax and 1871, ,144 barrels Of
other products. The estimated output
Of the company's refineries for 1920 is
stated to be about 10 per cent in ex-
cess Of last year.
Figures additional to those published
last July when the company sold its
new issue of preferred stock showed
total profit and loss surplus on
December 81, 1918, Of $464 ,204, ,725. This
included net operating earnings for
that year Of $685. ,so6 and $19. 1882, ,o29
received in dividends from affiliated
Mt ho
between the net value of affiliated
companies and the amount at which
they are carried on the books Of the
company on December 81, 1918, was
given at S165, 1888, 1902.
The gross earnings for 1918 were
$412, 1868. .085, from which was deducted
67,242,517 for operating expenses,
general taxes and depreciation. Income
from other sources added SIS, 1927 to
the operating income, while S8,12O,926
was subtracted for general expenses,
leaving a balance of $5O,786,914. IN
come and excess profits taxes for 1917
paid during 1918 absorbed s14,428,1os.
Dividends received from other than af-
tiliated companies brought this total up
to S39,897 ,062. Earnings Of affiliated
companies, after deducting 1917 taxes
paid in 191Sr~ were $38, 8,700,797, making
total net earnings of S77,571 ,348.
Other securities admitted to trading
yesterday included Al ,667 additional
shares of common stock Of the Coum-
bia Graphophone Manufacturing Com
pany, Sl3,000,000 interchangeable GER
tifcates for Glass A voting stock of
the Barnsdall Corporation, temporary
certificates for S2,173,495 capital stock
of the Indiahonla Refining Company,
104,S27 shares of stock of the Comput-
ing Tabulating Recording Company,
temporary certificates for 137,5OO
shares of Glass A stock and $3.50
Class B shares of the Temter Corn and
Fruit Products Company, temporary
certificates for s2,500,000 7 per cent
cumulative preferred stock and $4,000
shares of common stock of the Phil
lips-Jones Corporation, S8,00O,0OO cumu-
lative per cent preferred stock and
$4,000 shares of common stock of
Montgomery Ward & Co., Inc, 81 ,o0O,-
600 additional stock of the Columbia
Bank, temporary certificates for 3d.
100000 cumulative per cent preferred
stock and 100000 common shares of
H. r. Mallinson & Co., Inc, and $15,-
100000 temporary per cent debenture
bonds of the General Electric Com
panY.