New-York tribune., 1919-11-12

question Can YOU give me any in
formation in regard to Oklahoma Pro
oaclng and Refining Company, and
what you think of it as an investment
or speculation w. \. H.
Ans~er-Oklahoma Producing and
Refining Company has $4,000, 900 stock
outstanding. par S.. II is hoIdino
company with perpetual charter. Its
holdings are large and cover wide
neid. Tor the year 1918, it produced
-,z"9.s53 barrels of oil and net income
3vaiiable for dividends was $1,54.,574.
DVidens Go per cent. or 80 cents
per shares) were s9sS,375, leaving a
balance of s55t,I99. Company is we'll
,nanaged aud is opening new fields.
nus' hke MANY oil stocks, it is specu-
general market
Question--Some time ago | BOUGHT
loo shares OF stock in the Utah Securi-
tes corporation, paying around 500 a
share. After | bought the stock if
went up to about S22 so. but since then
has declined to $3.50. Win you please
ne KIND enough to advise me whether
Fou know OF any adverse DEVELOPMENTS
when account for this decline and, If
80, would you advise me to hold the
-.
Ansner-s'or year 1918 Utah Securi-
ties Corporation earned So cents a
share on its S30.775,000 capital stock.
fer hrst months of this year operat-
ing income was about S67 900 less than
for same period last year. Hence the
decline.
Question: recently, through New
lorA Stock Exchange house. bought
1oo shares OF a certain stock. and ten
DAYS or two weeks alter notified thorn
mat would take same up, giving them
check Ior the amount. rs the boons
ef the company were closed | received
ne certificate IN the name Of this firm
oenQs ting same at my bank, instruct
ag them 10 put this stock in trans fer
10 my name upon the reopening of the
books October ). This was done. but
he bank pad the cost Of the transfer
stamps, amounting o SIS. | ask. should
lot the New York Stock Exchange
house have delivered me these Ger
Incates with stamps attached or some
olil showing that the transaction from
Them 10 me Vas not q sale, and should
be justified in making a claim from
hem for reimbursement?-L. c.
Answer-We do not think YOU have
my claim against the brokers. 1t
ncing d dividend paving stock. the
I,
had the st0cl, transferred to them
selves as it Is vas Il margin account.
Had You specified at the time Of Dur
chase that You wanted the stock TO re-
main in the name in which it was de-
lYered. tnat would have been different
but that Is not customary with div-
demo paying stocks
Cuestion-On October bouqh+
S24s worth of Austrian kronen, and ac-
ccrc ng to a news paper report of that
aate the rates for kronen were S14.45
Aet lvov kronen, but my broker
laarged me $17 for same. Kindly ad-
Use me over Royal Dutch New YORK
an0 Chandler Motors Are they a good
aly III Dresent2 And please give me the
,4F.tali1aton and dividends they pay.
Ansver-I sua'lv the price for a
snail amount OF foreign exchange is
considerably higher than FOR large
lot. The price OF $14.45 represented
probably 100000 kronen or more. We
cannot attempt to advise on speculative
securities. Roy al Dutch New York, for
the working of petroleum wells in the
Dutch East Indies. has outstanding :
Priority shares. 2S,500000 forms. or
Sil.457 600; preferred shares, 1.50O, 200
forms. or 5000 900; ordinary shares
2lS,s1S.0O0 forms or is5.977.914. Par
IS 1000 forms. but for convenience
sero split UP into so-cailed sub-shares
of par OF 100 forms ($lO.50) each.
New Nuri. shares were issued for pur-
post oi trading With Equitable
trust Company. New Ycrl. shares have
no par Nalac. bat approximate S13.15
per share. Ne" York shares may be
said 10 receive about $3.50 a share
annually Chandler Motor Gar Company
stock as recently exchanged, three new
Tor one old, no par va lue. There are
now 2l0,0e9 shares. Stock under old
capitalization paid "a per cent, or per
cent under new.