Teachers Wanted Now
Three mid-year positions are
open for high school teachers in
band, math and speech and drama,
according to E. M. Pallett, direc
tor of the University teacher
placement service.
Bridge Chairman
A special events chairman to
handle bridge instruction and a
bridge tournament is needed by the
Student Union Board, Chairman
Clyde Fahlman said Monday.
Position Open in SU
Petitions may be picked up in
rooms 302 or 310 of the SU. Dead'
line is Friday, Jan. 16, at 5 p.m.
Petitions may be turned in at the
same rooms.
Directorate to Meet
The SU directorate will meet at
4 p.m. today in Student Union
302, according to Clyde Falhman,
SU board chairman.
Emerald Classified ads bring re
sults.
Fulbright Winner
A FulbrTght Foundation educa
tional exchange grant has been
awarded to Frederick A. Cuthbert,
professor of landscape and archi
tecture. The grant will enable him
to conduct research In landscape
architecture In New Zealand.
Answers at bottom of page
1* Two gallons of today’s gasoline do the
work of three gallons of 1925 gasoline. On
the average, how does the price of today’s
regular grade gasoline compare with the
price of regular grade gasoline of 1925
(excludingstate and federal gasoline taxes)?
Check one:
□ □ n
The same 15% greater 50^ -cater
2. In 1951 Union Oil made a total net Check one
profit of $27,295,971. Of this, $15,851,712
was plowed back into the business to meet
the expanding needs of our customers.
$11,444,259 was paid out in dividends to our
shareowners. What did these dividend pay
ments average per common shareowner?
$285
$5,276
$10,560
MB
3. How much investment in "tools” does
it require to provide an average job at
Union Oil Company?
Chick on*:
$755
$3,100
$70,020
4* In 1910, Union Oil did an annual vol
ume of $12 million. This represented 23%
of the total oil business in the West. Today
we do an annual volume of over $275
million. What percentage of the total oil
business in the West do we have today?
Check one:
31%
13%
23%
Answers:
1* The same. The reason: Under our American
profit and loss system, U, S. oil companies have
the incentive to compete for your business. Be
cause of this constant incentive they spend mil
lions of dollars every year on research and de
velopment to put out the best possible gasoline
at the lowest possible price.
2« $285 per shareowner. $11,444,259 is a lot of
money but it was divided among the 40,093 share
owners of Union Oil Company. And our largest
single shareowner has less than 1% of the stock.
3* $70,920. That’s why in most industries today
you have to pool the money of a lot of people
under legal agreements known as corporations.
Very few individuals could finance the “tools”
required by heavy industry.
4< 18%. We do over 22 times our 1910 volume.
But we have a smaller percentage of the total
business—mainly because the oil industry is far
more competitive. There are many more oil
companies competing for the business today than
there were in 1910.
UNION OIL COMPANY
OP CALIFORNIA
INCORPORATED IN CALIFORNIA, OCTOBIR 17, IR*0.
This series, sponsored by the people of Union OH Company,
is dedicated to a discussion of how and why American
business functions. We hope you’ll feel free to send in any
suggestions or criticisms you have to offer. Write: The
President, Union Oil Company, Union Oil Building, Los
Angeles 17, California.
■ANUFACTURIRS OF ROYAL TRITON, THE AMA2IN0 PURPU MOTOR OIL