STANDARD OIL DIVIDENDS

Hawera & Normanby Star, Volume LXV, Issue LXV, 6 September 1913, Page 12

STANDARD OIL DIVIDENDS

An interesting commentary on the economic effects of the Supreme Court's order for the dissolution of the Standard Oil Trust is furnished by the decision of the Standard Oil Company of New York to distribute a 400 per cent dividend in the shape cf an increase of its capital stock by £10:030,000. Since the Supreme Court's verdict was delivered, the following "melons,"^ to use the phrase in vogue in New York, have been cut by the Standard Oil Companies:— Standard Oil Company of Kansas — 100 per cent stock dividend.

South Pennsylvania Oil Company— £1,500,000 as stock dividends. Standard Oil Company of Nebraska— £40.000 in the form of a stock dividend of 33;} per cent. Standard Oil Company of Indiana— £0,800,000 by a stock dividend of 2900 per cent.

The price of petrol is still increasing.