New-York tribune., 1919-10-19

| Question: Please give me informa-
ton as to Sinclair Oil Company. its Of
flcers, properties, etc. Where may
French government Bonds be pur
chased~-the ones on which premium
Will be paid out for the lucky number
drawn periodically? H. s. N.
Answer: September o., Stockholders
of Sinclair oil and Refining Corpora
ton, Sinclair Gulf Corporation, and
Sinclair Consolidated OF Corporation
approved plan for consolidation Of
three properties, new company known
as Sinclair Consolidated Oil Corpora
lion with a capital of 100000 shares,
70 par. Shares were exchanged on
share-for~stare basis. Company pro-
duces crude petroleum thrnu~h~ut
N Continent field. Operates Sinclair.
Cudahy Pipe line Company. wbi de-
ivers oil to refineries of Sinclair Re-
ming Company: Wells have daily pro
duction, according to report, of 2O,O0O
barrels. Company owns about 160, 900
acres of undr.lled leaseholds in several
states and Canada. Capacity of various
refinerics is 1900 barrels of crude oil
day. Company pays no dividends
row. last being 81 25 a share February
rs, 1918. Pres ident II. F. Sinclair;
vice-president, Joseph NJ. Cudahy; w.
H. lso~, c. A. Bailey, c: f. Crawley,
ID. L. Hoober; treasurer. J r. Farrell;
secretary, a. S:e.nantz. French bonds
may be purchased through any reput-
able banking house with French connec-
tions.
stability, etc, of California Petroleum
preferred and United Alloy Steel?
W. D. H.
Answer-California Petroleum pre-
ferred stock, which has paid all its ac-
cumClated dividends, is in good posi-
ton and, while companies engaged ex-
clusively in the production of oil are
more or less speculative, nevertheless
this stock appears to be able to pay
itself mere firmly en- an investment
basis. United Alloy Steel, (which man-
ufactures h-gh grade product largely
used by automobile companies, is said
to be showing increased earnings
After heavy taxes and depreciation
charges the company is stated to have
carried S50o,O00 to surplus account for
the first half of 1919 Earnings are
reported larger now than ever. ock
81, 1918, the net as sets appli cable to the
capital stock were equal to SAG per
share.
Quca.ion-Please give opinion re-
garding the purchase Of following
bonds as investment: United Kingdom
of Great Britain and Ireland 5 S, 1887;
Beth chem Steel 5s. Hudson & Man
haitian refunding 5s. Can above be
purchased in 500 demon nations? Men
ton some hioh grade $100 bonds which
are Listed and preferred stocks as an
investment. f. W
Answe.-United Kingdom 5iS per
cent, 1887, and Bethlehem Steel per
cent seem to be reasonably good in
ycstments. Hudson & Manhattan re-
funding per cen are not part cuarly
well secured, although they have thus
far been ab TO pay interest. United
Kingdom ard Hudson & Manhattan arc
issued in 500 denominations, but Beth
lehem in $1,000 only. We have men
trial stocks which are good invest
ments.
Question-Kindly answer the follow
ing quo stions on Producers and Re-
finers' Oil shares: What dividends do
they pay? When payable? What is
their par value? Do you consider them
safe inv s,ment, or are they specu-
lative? What were the high and low
figures for the last two or three years
W NJ II.
Answer-1. Seven per cent on the
preferred, none on common. .. Pre-
forred payable quarterly, February. 3.
Ten dollars par. A. Speculative. 5
9$s; low I. We have no authentic rec
Ords turfhpr hack