Because of the unusual fluctuations in the price of oil during 1923, the annual reports of the leading petroleum companies have been received with more than ordinary interest. Recently, the report of Standard Oil of Indiana was considered very creditable, all things considered. Net earniings for 1923 were $41,538,499, which is equivalent to $4.68 on its 8,868,266 shares of ;$25 par stock. In 1922, $5.60 a share was earned.
Compared with 1922, the Company's profits fell off about $8,000,000, while $22,106,839 was paid out in dividends last year, compared with $17,453,994 the previous...
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