SAN   FRANCISCO
LOSANGELES
SEATTLE
PORTLAND,ORE.
NEW YORK
CHICAGO
BOSTON
PHILADELPHIA
ATLANTA
LONDON
IXTH E OOi
R U SS      BUI LDI NG
SAN FRANGISGO
March 2,     1929
CABLE  ADDRESS
B L_V TH CO
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Dear Mr. Greene:
Relative to the dividends  from the Henry Holt & Co.
Class "A"   stock,  I  called Rollins' Saturday and they advised me
the ex-dididend date was February 13.     Referring to  the  files
of my office,  I   found the  stock was  sold  for you on February 19.
Based upon this,   you should receive your dividend  check on the
regular dividend date.
Under separate  cover,   I  am shipping today an Investment
Record Book for convenience in referring to your holdings.     The
first index page lists the bonds  and the  second one the  stocks.
You will note I have entered as the regular quarterly dividend
under Associated Gas & Electric Class "A"   stock,   $57.     This is
not exactly correct  and is only approximate as the  amount will
depend directly upon the market value of the  stock at the time
it be  sold.     At this time the dividend would  actually amount to
more than $60 as the  stock is  selling above  60.     Your dividend
will be 10/C in stock.     In other words,   you will  receive one share
quarterly on the 40 you hold.     If the  stock sells  at 65,   you-wcrotW  W*V
realize,  upon sale of the  share,   #65 less the  regular brokerage
fee.    On the other hand,   should you allow the  stock to  accumllate,
each stock dividend would in turn draw dividends at the rate of 10/!
and your holdings would double in something like 8  years.
You will also note the interest has not been entered
on the bond index sheet  for the Beverley ?/i It shire Drainage District
#11,   Collins County Road District § 26  and Van Zant Road District
3,   issues.     This was omitted due to the  fact we did not have
in our office the interest dates of these issues end would have to
hold up delivery of your book if we waited until such information
could be obtained.     You will have the  correct interest dates and can
enter the  amount in the proper place,   depending on what the interest
dates may be.
I believe you will be interested in reading a report
on your Houston Gulf Gas Company 6-43 which will describe the
conditions  concerning the  companies of that type in the  south
which la s  resulted in the present unfavorable market.     You will
receive this  report during the coming week.
Other reports and information will reach you  from time
GREENE & GREENE LIBRARY
THE GAMBLE HOUSE
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