The sun., 1916-12-08
DUTCH PETROLEUM
SHARES SOLD HERE
Greatest Rival Of Standard
OIL Company Seeks New
York Market.
s15,ooo,ooo OFFERING
Stock Acquired by Kuhn, Loeb
4 Go. Heavily Oversub-
scribed at Outset.

Shares Of the Royal Dutch Company.
the most formidable rival Of the Stand
ard OIL Company in international trade.
which never have been traded in any
where except In the London and Am
sterdam stock markets. have been
brought to this country. Kuhn. Loeb 4
Co. announced yesterday. About 100000
shares purchased by the bankers will be
offered to the public in . day or two and
listed at an early date on the New York
Stock Exchansa
In arranging for the offerins Of the
stock In the New York market It was
stated that the company simply wanted
States, the inference being that the
company could obtain all the money It
needed In either England or Holland.
IL Heavily Overslbscribea.
The shares were offered to syndicate
yesterday morning at 10 o'clock and the
Ing been oversubscribed moro than twice
In record timc. The ofi,ciai announce
ment follows in part:
Kuhn. Loeb q Co. announce that
they have purchased from tho Royal
Dutch Company for the working Of
petroleum wells, etc. q block Of shares
Of that company for introduction In the
New York market The Royal Dutch
Company. with It's afiiliated concerns. IL
the largest and most important oil COM
pany III Europe. controlling and owning
extensive oil helds In all parts OF the
world. The company owns or controls
through its subsidiaries a feet OF 292.-
$40 tons. It has no funded debt and no
fixed charges.
The shares are quoted In Amster.
dam. and since 1913 in London. where
they were introduced by Messrs. n. NJ
Rothschild q Sons. The company has
paid large dividends uninterruptedly y
since 1902. tho rate OF distribution for
the past four years having been as fol-
lows: 1912, Al per cent 1913. as per
cent: 1914. - per cent. and 1915. 40
per cent"
Common stock $50, 900. 900.
The Royal Dutch Company is second
| only to the Standard OIL Company In
the oil companies Of the world and has
proved to be In the last few years the
latter concerns keenest competitor. The
company has about 100000 Dutch
guilders Of common stock outstanding
| and preferred stock amountinn to ap.
| proximately 100000 Euilders. The
Dutch suiidsr 10 worth about 10 cents
| In gold.
Proceeds Of the stock Offering In the
New York market will be used for the
development Of the company's property
In the United States. where II owns ex-
tensve oil fields In California and Okla.
homa. The stock probably win be
offered to the public at 20. on this
basis the purchase OF the stock involved
more than sl5,000.000. Three shares of
the American stock will have a value
equivalent to one share Of the European
stock. On this basis the dividend rate
will be about 9is per cent.
Has Had Rapid Growth.
Tho Royal Dutch Company was in.
corporated In Holland to work oil wells
In the East Indies. II started as q Local
enterprise and II was not until 1909 that
the first activity began in an interna.
tional way. In that year q working
Transport and Trading Company OF
London and the De Rothschild (Paris)
group TO provide for distribution OF III
products In an International way.
In subsequent years the company ab.
sorbed the principal other oil producing
enterprises In the Dutch East Indies
thereby giving the company a predomi
nant position In this neld. This beinl
accomplished. tho Royal Dutch Compan,
amalgainated Its interest with those o
the Shell. The combined assets of both
the Royal Dutch and the Shell wer,
turned over to two new companies, tn,
Bataaifsche Petroleum Company and tn,
Anglo-Saxon Petroleum Company.
The latter unit does tho producing ant
the former tho transportation for tn
Royal Dutch interests. Tho Royal Dutci
owns about 60 per cent. Of the stock o.
the two companieA In addition to TIT
interest mentioned the company has sine,
acquired exclusive or controlling interes
In oil fields In Rumania. Russia. Egypt
Persia. United States california ant
Oklahoma). Panama venezuela ant
Mexico.
The largest Of the properties acquired
are In Russia, where tho Royal Dutcl
interests have been combined with thos
Of tho De Rothschild (Paris) group. II
the United States the company owns tn
Roxana Petroleum Company Of Okla
homa and the Shell company Of Call
fornia. the former with S6.000.o00 capi
TIL and the latter with S23,6a5,b75.