New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-04
Norton Oil Us. Wall Street.

seem to think the people exist only for that -
doing business in broad daylight and invite
investigation into affairs. habits nv
they right divine Grind the faces % % who
Book Of Gold that The labOrer worthy of his ,r Of
believe that dollar representing ~ and
worthy OF it's say that inasmueb =. usree also
statistics of the show fifty wears pa
capita wealth of the country has az he Per
year. less than cents for the abors dollar %
honest as certain year
good linotype operator is worth in any CITY in tb as
S2 week, Just certainly dollar worth r,t
years hire Aud the proposition the bra =,
dollar from 70 or or 2l a wear s nrecsaI- W
stripe the attempt to reduce the wages OF t ae
operator from s21 to $1,000 sS or 81 week oc7pe
The Norton OF Company $685. acres OF oilr-o,
lands near Nuncie Indiana heart Of vybat r. 1y
government reports snd otherwise the Indiana ON IN
gas field. vi and
This section the prosperous and aour.s.
all the Middle West largely due vast stores ~
trolenm and natural gas IL Is ramifed Win o OF Pc
trolley lines that in appointments schedules and s h
practically brought to the standard Of the s
railroads
The Lima Indiana second largest oilDr,au,.
field in the United States Appalachian field i,ncIns
Pennsylvania being largest The entire field amo
the shape egg stretches from Lake on the nob
extremity to the Illinois line the southwest and from IT,
gansport Indiana side Dayton Ohio IN 70
side In the centre Of this eggs shaped hed-tn I'm
tied section the Coored Of the government daS
nate as being the richest in petroleum and gas OF %
Statesare located the valuable established and
settled producing properties OF the Norton Oil Company
The government statistics the subject crude p4-ro
eum show that while Pennsylvania increased the value ~
its production for 1904 by only SS622 over 1903, willis
for The same period Ohio decreased it's production by s. M
and Virginia showed decrease Of 1920 Indiana
INCREASED the value Of its production S17s1 a.
While the United States for Increased its oil production
less than re that of the preceding Indiana made
an increase Of OVER 1870
The Norton Oil Company has one Of the largest proun
nronees in the Indiana field, held perpetual lease n
has expended s150O0o in and modern equipments
making II i'm that respect second to in all
II owns plant and has not dollar Of making
IT one of cleanest cut corporations in America
1t has producing oil wells and one natural gas well
nropery so as protect it's product from being drawn or
by other companies ThroughOut the entire interior
area not we'll drilled and President est
mates that locations the property for IS
wells all the drilling but dry hole has been
tered-a record that IS rarely il ever. equaIed-
The property is earning basis ot
year. and for the its net profits viii probably
reach that figure wells constantly being drilled
ana severn i+ H, is 81 o06OOo S46GOC0 being 1o
s ssGGsa s siGss ana S' ''V" '' % '''' Of
Dividends on the preferred stock are payable April M
July 1st October and January LIST Of each year
Special dividends the stock declared from
surplus earnings from time time and it is my opinion
that there will substantial dividend paid the
stock this Spring OF Summer
dividend requirements Of the preferred stock viii
$4,000 year nasmUch the annual gross
of the business may be increased to 100000 The
present price Of Ole barrel 100000 or s6O0000 should
the expected advance in price be realized IL will be
that large surplus will remain to be shared in the shape
of dividends by the common stock am giving away FREE
The White River which runs through the center Of the
property is to be utilized water power to prope the
lCompanys machinery The cost of building dam and
opinion S15OOo it WILL he says. add half
million dollars TO the value OF the property or onaf the
BY the introduction Of this water power al can be
delivered present into the pipes Of the
recently advanced from Sc to Ole barrel
will probably throughout the future sell for Of
less than DOLLAR barrel net profit Of at least
95c. the dollar may be reasonably counted on
The Norton Oil Company has problems TO solve
nothing 10 do before IL do something else.
The oil companies around it are nearly all close copo
lions with stock for sale They all stand for something
in the way Of real values and their stock is seldom.
parted with under any consideration.
The Racer OIL Company. less than five miles northwest
Norton
dividends from last March last December Another
pany in the vicinity has divided $LOt0@O in
profits among it's stockholders in about
have to believe that the Norton OH Com
pany is in position only permanently the dv
endS its 100 preferred stock throughout the long
of the future that earnings Will grow large
enable it 10 exceedingly large dividends its common
alone in its ability TO pay.
The common stock is earning over 10 based on
its par value of 500 share Suppose the common
STOCK az sol share te premium at "hrh he prtie!
earning basis of 36ee-
believe that with the positive reblng Of production
with the positive reduction I'm the production u
much lower figure barrel and with the possible ana
probable advance of 30 60 the market price
of its oil that dividend 5Oce COO the par
expectation The stock at S&1 share Of course
that this percentage would be by than three
times.
This is of the supreme investment opportunities
life whereby bank depoSitOrS and holders Of unprohae
listed unlisted stocks having market value convert
their n vastly remunerative investment
am in a position realize for holders of any OF the
securities dealt in Wall Street any of the other se
exchanges the highest market quotations To those who
witnessed in blank will sell them without charge and con
the full proceeds into Norton oil 100 preferH
with its common stock bonus.
Make all remittanceS payable 10 my order and address
all communications personally main office in te
Journal Building. Boston Mass,
q KING