Employes of Sinclair Consolidated Oil Corp., who are solvent to the extent of $30 or more, can become Sinclair stockholders at the $30-per-share figure (Sinclair closed last week at 38). The employes' stock plan, approved at last week's annual corporation meeting, set aside 225,000 shares of common stock, 75,000 shares of which are offered during the present year. Another 75,000 will be offered next year and the final 75,000 in 1931. These future shares will be priced at 10% less than the average Stock Exchange price for the last three months of the year preceding the offer.
Harry Ford Sinclair, re-elected...
To continue reading:
or
Log-In
