Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1920-08-29

Various Branches Of Parent
Corporation "DissoIved" in
1912 Pile Up Earnings Of
1868. .1@,5 500.
EARN MORE THAN $50 PER
CENT OF CAPITALIZATION
Nine Of Subsidiaries Show Net
Returns Ranging From 223
to 436 Per Cent-AIso Gain
Control Of Competing Firms.
BY FLOYD MACGRIFF.
international staff Corresponds emf. .


New York, Aug. 28.- While the
United States has been heading to-
ward an oil and gasoline shortage
with the latter's scarcity but empha-
sized by price Of Is cents gallon
in some sections, the Standard Oil
companies have been piling up tre-
mendous profits,
Autp yltic figures obtained by the
International News Service show
that 80 branches of the parent Stand
ard Oil company, dissolved" in
1912, have amassed profits Of $780,
l45,500 during the past eight years.
The capitalization of these compa-
nies totals $503,535,3l0-to be in
creased shortly by $l50,00000Q when
the stockholders of the Standard Oil
Company of New York vote that
sum to themselves in new shares.
The above figures also omit both
ths preferred stock and the divi-
dends thereon of the Standard Oil
Company of New Jersey, amounting
to $l96,6o6.600, half Of which was
only issued / months ago. The
New Jersey company controls the
foreign business of the Standard Oil
interests.
Earn l5o Per Cent.
The data show that " of these so
Standard Oil subsidiaries have
earned profits amounting to more
than $50 per cent of their capitaliza-
ton Since the parent company. Of
New Jersey was "dissolved.i
Moreover. nine of these cofnpa-
nies earned profits amounting to
from 223 per cent to 436 per cent
since 1912 and II of them. have cut
melons running from 20 to 300 per
cent Of their, capitalization. This
does not include huge stock allot-
ments in 1912 and 1918, following
the reorganization of the "oil
trusts" branches, such as the 1900
per cent melon" of the Standard
Oil Company of Indiana, the 900 per
cent dividend of the Continental Oil
company, the 500 per cent "melor"
of the VacuUm Oil company. or tl1e
400 per cent divide Of the
Standard Oil Company of New
York.
Unusual Profits.
The smallest eight-years' total
profits earned by aRy one Of the so
branches" was ON per cent
not quite per cent yearly-takep in
by the Crescent Pipe Line company,
which merely operates trunk pipe
line in Pennsylvania
The Ohio Oil company has piled
up the highest profit Percentage dur
ing the past eight years, carvings
amounting to $50 per cent. Cay tali-
cation is $15,000.000. and an attempt
cd melon cutting of 800 per cent in
1917 was frustrated by the state Of
Ohio.
Among other companies listed by
New York brokers' as STANDARD
Oil stocks" which have been making
unusual profits since 1912 are:
Chesebrough Manufacturing COM
pany Of Perth Amboy, N. j.. makers
of petroleum products for medicinal
and toilet purposes, has accumulated
$50 per cent profits, besides distrib-
uting another 200 per cent in stock
in 1916. III.
Eureka Pipe Line company, oper-
ating 4.26l miles of pipe lines. main
ly in West Virginia has accumulat-
ed % per cent profits.
1o5 Per Cent.
Indiana Pipe Line company
earned 1870 per cent profits. while the
National Transit company. operating
pipe lines in Pennsylvania, collect
ed ia per cent profits besides cut
ting 50 per cent melon in 1916
The New York Transit (pipe) com.
pany earned 21l per cent profit.
The Prairie OH and Gas com.
pany. operating in Kansas, Oklaho-
ma and Texas, earned 13o. per Gent
profits besides another $50 per cent
distributed as stock in 1915.
Z The Solar Refining company oi
Lima, O.. paid out 1o5 per cent cash
profits in eight years beside cutting
a 800 per cent stock melon in 1918
The Southern Pipe Line company
,of Pennsylvania has shown 217 pei
cent profits in eight years, while the
South Penn Oil company. beside;
distributing so per cent stock |divi
dend in 1917. paid out 1874 per cen,
in cash dividends
The, Standard Oil Company of In.
diana has earned 1874 per cent since
1912. the Standard Oil Company o.
Kansas. 176 per- cent; the Standard
Oil Company Of Nebraska. 160 pei
cent. land the Standard Oil Compan,
No3 p.,kE ~