[Important Notice from the Standard Oil Company, December 14, 1962] Page: 1 of 2
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STANDARD OIL COMPANY
(INDIANA)
910 SOUTH MICHIGAN AVENUE
IMPORTANT NOTICE CHICAGO 80, ILLINOIS
In the quarterly report released with our December 10, 1962 dividend, you were advised that infor-
mation regarding the value (for income tax purposes) of the Standard Oil Company (New Jersey) stock
you received as part of such dividend, would be furnished you at a later date.
For income tax purposes, those stockholders (other than corporate stockholders) who receive Jersey
stock should value it at its fair market value on the date of receipt, which ordinarily would be the average
of the high and low market prices on December 10, 1962. Such amount is includible in gross income for
the current taxable year. This Company is required to report such amounts to the U. S. Treasury Depart-
ment, for each stockholder receiving Jersey Stock.
For your information, the average of the high and low market prices based on transactions on the
New York Stock Exchange on December 10, 1962 was $57.3125.
December 14, 1962. EARL W. RUSSELL, Secretary:x
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Earl W. Russel. [Important Notice from the Standard Oil Company, December 14, 1962], letter, December 14, 1962; (https://texashistory.unt.edu/ark:/67531/metapth1407860/m1/1/?q=%22~1%22~1&rotate=180: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rosenberg Library.