Show STANDARD OIL PROFITS DROP CHICAGO May 5 ff Standard P Oil 01 company of Indiana and its it subsidiary subsidiary subsidiary sub sub- companies made a net profit i in 1931 of or The Te annual report released today just prior to the meeting in Whiting Ind md showed earnings of 10 a share compared with in 1930 In 1931 gallon 50 barrels of oil on were marketed in comparison with wih in 1930 The Tile sales of gasoline this year ear fell fel off 9 per cent from those of 1930 Edward G. G president said this resulted because we wouldn't take business under cost cot That's why our business shrunk shrunk We wouldn't pay the tribute to get it Jt Stockholders numbered as of December 31 31 1931 as compared with wih a year ago In the first three months of 1932 the total stockholders passed the mark The average average aver aver- age holding on December 31 1931 was shares per stockholder said all al of the officers and directors would be reelected at the Whiting meeting On the last day of 1931 Standard of Indiana had total current assets of against current liabilities o of This was a ratio rato of 86 to 1 The 1930 ratio was 54 to 1 1 Listed in the current assets asset was 61 marketable securities virtually vir vir- all al at present market values said he expected negotiations negotiations tons to be completed tomorrow for forthe forthe forthe the sale to Standard of New Nes' Jersey of the foreign properties of its It subsidiary subsidiary iary the Pan American Petroleum Transport company |