Business: Assets--$1,123,000,000

The annual report of the Standard Oil Co. of New "Jersey showed a gross income for 1922 of $328,000,000, which was $150,000,000 less than the gross of $478,000,000 reported in 1921. Net income, however, was larger than in 1921, being $7,500,000 in the latter year and almost $13,000,000 in 1922. Total assets of the company aggregate $1,123,000,000, consisting of $441,000,000 fixed assets, and liquid assets of $681,000,000 (including Government securities and investments in affiliated companies). Current assets were $457,000,000, as against current liabilities of $212,000,000.

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