Please help.My grandma bought 52 shares of Standard Oil Company in 1961. What's the value of that stock now?
An answer cannot be given to this because the question is false. It is impossible to have bought ';Standard Oil Company in 1961'; because the company had been broken up via Anti-Trust laws under The Sherman Act, 50 years PRIOR to 1961.
';On May 15, 1911, the US Supreme Court upheld the lower court judgment and declared the Standard Oil group to be an ';unreasonable'; monopoly under the Sherman Antitrust Act. It ordered Standard to break up into 34 independent companies with different boards of directors.';
http://en.wikipedia.org/wiki/Standard_Oi鈥?/a>
';Two of these companies were Jersey Standard (';Standard Oil Company of New Jersey';), which eventually became Exxon, and Socony (';Standard Oil Company of New York';), which eventually became Mobil.';
http://en.wikipedia.org/wiki/Standard_Oi鈥?/a>
The only thing she could have had is stock in a successor company which would have a different name. It would not be called, ';Standard Oil Company.';
Successor companies
http://en.wikipedia.org/wiki/Standard_Oi鈥?/a>
History of Standard Oil (research paper, 262 pages)
http://www.history.rochester.edu/fuels/t鈥?/a>
The Sherman Act
http://en.wikipedia.org/wiki/Sherman_Ant鈥?/a>
http://www.hg.org/article.asp?id=6026
http://www.law.cornell.edu/uscode/15/ch1鈥?/a>My grandma bought 52 shares of Standard Oil Company in 1961. What's the value of that stock now?
It's amazing how wrong most answers are on this site. Where do you people get your info from? Standard Oil was broken up in the early 1900's. Your grandmother could not have bought Standard Oil stock in 1962 because it did not exist. When Standard Oil was broken up, 33 firms were divested from the trust. Standard oil at that time was merely a holding company incorporated in New Jersey. Many of the firms divested retained Standard Oil in their names. Standard of New Jersey is Exxon, Standard of Kentucky is Chevron. You need to find out which firm she actually bought stock in.
Standard Oil Co. (Ohio) (est. 1870), was incorporated as The Standard Oil Company while still a part of the Standard Trust (Pre 1911).
The ensuing certificates may or may not reflect that name.
You really need to see the certificates for full information and to contact the SEC - whatever she has, if it is not counterfeit, is worth a tremendous fortune.
You would have to check how many times the shares split or even payed dividends . You might have more invested than you think. But it would be what ever shares you hold now times the face value of shares.
Problem with this is that this company didnt exist in that time. You might have fake stocks or you might have false info.
Check with the SEC.gov
Standard Oil is now Chevron. Their stock is currently going for about $65 a share, so Grandma's stock is worth right around $3300.00
I think Standard Oil became Enron, so it is not worth anything now. Had she cashed it in Mid 90's your personal slave would be typing these questions for you.
If a companies dies then shares go to zero.
1 dollar lol
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