New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-07
Financial.
Financial.
KING CROWTHER.
Price Now $40 Per Share AFTER Saturday 500 Per Share

and shows cOneusvel any other fact could that
this is an per cent and not g. 3 4. or per cent
country. as so many would fain haze us believe.
King CrOwther is upon an per cent dividend paying
basis at its par value the selling price $50 for the
next two days and until noon on Saturday gives re-
As l have said elsewhere and so often. no
woman using ordinary Judgment hardly go wrong i'm
an investment in decent and welmanaged OilprOdueng
company.
The oil industry has ever been of mOmentous and
Titanic surprises The production today is 200
times what at the beginning of the civil War Since
the war over 20O byprOducts have been developed from
oil every Of which adds enormously commercial
value We cannot judge the future with gertrude
save ny the past and II 40 years have done so muh lot
the oil industry. making it OverOp all other branches Of
commerce what not expect of the next ten twenty
thirty or forty years:-in all of which period believe
with all the confidence that apply any event OF
the future that the King rowther Corporation will
huousy operate anu he fu shareE IN the greater pros
pery that must inevitably to all large oil producers
The month of February advance of %. a barrel
in the olprodUct Of the KinSCrowther Corporation us
North Lima product advanced barrel and its South
product to Sc barrel. These made
TINS year carrier than usual and are indicative straWs OF
the direction in which the wind is blowing Anyone who
has watched the trend of oil prices will be likely to take
the position that the present prices cannot long remain
without advance. this to apply to Trenton rock
oil only. The to which Gil put today more
numerous than in the past What of the hundreds
of byprOCucts Of petroleum in active demand that
unknown to the world in the years by wnen
crude stocks were large?
According to a Bradstreet estimate there 266O1
carriages manufactured the United during
the year ending June 3Oth 1905 it is safe TO place
the output the year Of 1906 double quantity.
BY the greater portion of these machines rely
gasoline fer their motive and their daily and yearly
requirements foot up colossal total
When it Is known that there less than five gallons
OF gasoline barrel Of crude it will be difficult To
Imagine the tremendous volume of crude petroleum that
must be produced To meet this single need of modern de-
Then when It Is further understood that the crude
produced in those quarters where the largest volume IL
now being brought the lacking In naphha
base. it easy that the oil market is in healthy
condition for those engaged in its production and that
prices must increase just surely the gases or Oil
The King Crowther Corporation ranks as the largest
independent operating oilproducng corporation in the
United States II controls and operates larger number
of wells than other company barring only the Stand
The King rowther Corporation controls exactly
oil wells when include the - wells of fresh
uction that are 10 he brought in under contract with
of the OhoIndiaua properties without
the King sOwther Corporation between and
acquisition q the Oho-Indiana properties.
The 630S and AGA producing wells of the Ohio
Indiana acquisitions representing in their ass imitation one
biggest transactions recorded in the history OF
oil branch Of industry rsplete and crowded with big
transactions and wordbeating. notwithstanding deals
like gift provided by the gods to the stockholders
the corpOration-camc without dollars assessment ON
single soCkholerwithoU dollars addition to the cap
alizaton given ii in the beginning of Its career
Well may its Oho,Indiana acquisitions have carried OF
themselves alone its total capitalization of S3th since
Of 4Si wells the number covered 10y its pr
chase represents $OOO $1,000 apiece to
bring in Besides the corporation has in line quick assets
such power and power house employees houses gas and
engines boilers tanks. derricks, working barrels
rods. pipe wells beam pumping rigs drive pipe
easing and all field and office equipment values estimated
half million dollars. It's properties stretch from
end of the Lima Indiana oil field, now the most
important oil supply in the world ON its acreage
giving three WELL locations exist for over 2O
wells. Wells instances with fresh production OF
high day have been brought in on the
properties controlled by the King rowther corpora
tiona $50 $500 according to whether ii be
North South Lima oil every ~ hours for single well
at the present market price of OIL Numerous wells are
brought in with fresh production of such volume as 10
pay back the drilling etc. within the first week or
their existence this basis for long period
aferward dropping steady yearly production OF N"
10 20 and 80 barrels day. which represent almost as
many dollars the company stockholders and are sources
OF wealth such rs no other enterprise afford.
Had the King Corporation no other property
than this great oil field and great assembage OF Wells III
Ohio and Indiana Its capitalization Of S3OOO could not
he considered excessive for with only onefOurth OF lis
locations for wells being used present the production OF
oil from the AGA producing wells is sufficient to pay the
dividends upon entire capitalization and there Is III
addition to this the Texas property.
l say with all the earnestness and emphasis OF my
being that the main approximately 10000 acres
I'm Southwest exasthe original basis of the corporation
S3OOOOOO capitazatiOn-whie not yet ON the earnlnS
footing of the properties even more a0undanuy
merits S3OO0O00 capitalization than its newly Nssin-
Hated allies in the IOOSler and Buckeye states.