The evening world. [volume] (New York, N.Y.) 1887-1931, 1920-05-15
(Contlnued From First Pasc)

have been S2O.1i4,45s. The average
yearly profits have been equal to
more than two thirds of the capital
stock. Each 500 share has earned
$469.S4 and has received in dividends
in cash $15S. The balance is held in
a surplus account.
The total surplus OF the Standard
Oil Company Of Indiana at the end OF
1919 was SlO5,117,257. This In more
than three times the outstanding cap
ital stock and $4,000, 900 more than the
authorized capitalization of 500, ,OOO.-
600. The increase Of S7O,00O,OOO in
capital stock was ratified by the
shareholders In 1917, but the melon
hasn't beon cut. Investors desiring a
piece of the melon, when 1t is sliced,
might be able to pick up some Of the
stock by paying S675'a share for it.
DIVIDEND OF $14s.s6 AFTER ALL
TAXES WERE PAID.
The banner year Of the Stand.
ard Oil Company Of Indiana was
1917, when The net earnings, after
deduetlng Federal taxes, were
$44,soS, $40, or $149.3e per 500 par
value share. Last year the COM
pany's net income, after pcovid-.
ina for Federal taxes, was S24,-
8o7,792, or $3.50 per share.
In 1a19 the Federal Trade Commits
sion discovered that the standard OIL
Company OF Indiana was leasing
pumps and tanks TO dealers under a
form of contract which provided that
the dealers using the pumps and
tanks should sell only oil furnished
by the Standard Oil Company OF
Indiana. An order was issued on
Aug. 20 last requiring the company
to desIst from this practice and to
cancel all the outstanding contracts
within four months.
On Nov. IL. 1919, the Standard Oil
Company OF Indiana purchased
100, 100000 gallons OF gasoline from
independent producers OF Oklahoma
at from 16h to 16 cents a gallon.
And on Jan. 16, 1919, the Standard
Oil Company of Indiana issued notice
that the price Of refined oil and gaso-
line in its territory was increased
/ cent q gallon. The Increase made
the wholesale price of gasoline in
Chicago 22' cents gallon and the
retail price about 20 cents a gallon.
Under the competitive" methods
Of operation required by the Govern.
ment after the "disintegration" of
the Standard Oil monopoly in 1911
such territory in the Middle West as
is not cared for by the Standard Oil
Company of Indiana falls to the
Standard Oil Company of Kansas,
which also covers the territory
between the Mississippi River and
the Rocky Mountains south OF Wyo-
ming. The headquarters and refin-
cries OF the Standard OIL Company of
Kansas are at Neodesha, Kan, hard
by the producing oil fields Of Kansas
and Oklahoma.
KANSAS COMPANY SMALL, BUT
VERY RICH GOLD MINE.
Although this 10 comparatively a
sma,n corporation II ranks with Its
big bthers in profit earning capac-
ity. Ehe capital stock is $2,000,O00.
In eight years, 1912-1919 inclusive,
the STANDARD Oil Company OF Kan
Bas earned average annual net profits
Of $1.17S, ,1lO, or more than so per cent.
on the capital stock. The aggregate
net profits available for dividends
during the eight year period were
$9,3S4,SS2, more than four and one
half times the capital stock.
The company distributed a stocR
dividend of $1,000, 900 in 1918, which
raised the capital stock from $1,000, 900
to $4,000, 900. The surplus at the end
of December, 1919, was s., ,447, 10, more
than two ana a half times the cap
ital stock. The stock is now held at
around $500 share.
That section OF the country lying
south of the Ohio River and east Of
the Mississippi buys gasoline and oil