New-York tribune., 1919-08-26

Question Will you kindly let me
know all about Omar Oil & Gas Com
pany, traded in on the New York Curb?
The information I desire is their finan-
cial standing, property, where located,
the amount of oil wells working and
their capacities, etc.--J. L.
Answer-This company was incorpo-
rated on June II, 1916, under the laws
of Delaware. 1t has an interest in
2,219 acres of oil and gas leases and
has five wells in West Virginia.; Ohio,
interest in 722 acres oil and gas leases.
ten wells; Kentucky, interest in 21,-
Wyoming, interest in 3O,92O acres oil
and gas leases, eight wells; Nebraska,
interest in 12,S00 acres oil and gas
leases; Texas, interest in 20,700 acres
oil and gas leases. OF the company's
capitalization of 100000 shares, L.
100000 shares were offered to the pub
lie at so cent hare ito provide funds
for further developmet work."
Question--Is it true that broker
does not have to credit his customers
with dividends on railroad stocks, viz,
c. G. O., bought on May 26, sold or
June II, books close on June 13; Le-
high Valley, bought June 2, books close
ii, sold on II. Are the checks mailed
by the railroad to stockholders of rec
ord or does the check go to the stock
holders when the exchange makes the
sock ex-dividend? There seems to be
some delay in some cases until the gov
ernment approves the dividend pay
ment.-An Investor.
Answer-In ordinary course of events
you are entitled to the dividends if you
are stOckholder the day they sell
"ex"; but, as you say, some railroad
dividends are declared subject to final
approval of the railroad administration.
OF course, you would not be credited
with the dividend until this sanction
has been obtained.
Question-May I trouble you to in
form me fully of the investment value
Of the following stocks: Perfection
Tile & Rubber, Island Oil, Republic
Rubber, Tennessee Copper, Sinclair Oil,
Pennsylvania Railroad, Willys Over
land IS. G.
Answer-Of the above list the stock of
the Pennsylvania is the only one which
can be classed strictly as an invest
ment security.
Question-Will you kindly inform
me how much was earned on the COM
mon stock of WHY'S Overland in 1918
and what the estimated earnings are
for 1919? H. L. d.
Answer--In 1918 the WHY'S Over
land Company earned S4.24 share
on the $50,000,O00 common stock of
par value of S25. Last year the COM
pany was engaged in government work,
but in 1919 is participating in the gen.
cral prosperity of the automotive in
dustry. in his last report to stock
holders, John N. WHY'S, president of
the company, said: "The elimination
of superfluous types will permit of
production commensurate with the
company's plant capacity and through
the lowering of manufacturing costs
will result in increased profits.
With war conditions and restrictions
past | anticipate year of activity and
expansion"
Question-Will you please give me
your opinion on the 6 per cent first
mortgage bonds issued by S. w. Straus
Co. as to safety, etc? Also please
advise me if you know of any other
bonds just as safe with larger in
come. J. would like to know whether
a shorter term bond is of more value
as an investment than a longer term
bond, and how the yielding figures are
obtained on Liberty bond quotations?
Investor.
Answer-The principle of amortiza-
ton is applied to all mortgages against
which S. W. Straus & Co. bonds are
issued, and borrowers are required
regularly to lay aside each month
pro rata share of the annual interest
rate and of maturing obligations. These
TWO conditions, together with careful
selection of mortgages, have in the past
made the Straus bonds safe. The choice
between long term and a short term
bond should depend upon the individ.
ual needs of each Investor. Institu.
tions and estates usually prefer long
term issues. Where the safety of
borrowing institution is unquestioned
long term bond is attractive, espe-
cially in cases where the investor does
not anticipate needing the money be-
fore maturity. However, when bond
is selling at discount its yield grows
inversely to the length of the term OF
the security.
In regard to Liberty bond Quota
tions, where the bonds are of optional
maturities, yield is computed when the
bonds are selling at a discount upon
ho hoc ho crcoto.A