The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-04-06

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4 ce---El p3W=r pam WI IL 2u-
z e. lhe rst1etg 70 Es1=-Lis ;,9Es,
or 0yarEu1E IL oL-l0Ecl1E pumps a
ne vas-r a1o Also ne water slElio1
,J.ugE AdJ1EnE TIE 1El2 ot1css- Z
hal lrscl q lE1c .Es ben purchased
-hil1 E1l - planted viz loWs-s
I'd s1-ut.oa-T. sdoz1E Z conslo=-stl=
zres 70 ths already beautiful yzrs
tru1t q t.e building TIE ps-s
ysisu j. U1ds- r1s oI-=c- sEp-@-Tis3o-
4 TIE sr-is-ic eye q tse secretary Q.
Ae COMPANY. Cgu-rs1Ey Nsrshsl
H-5en toe large concrete dock i
uylei=d- ne MEg-0lis VII - abe
o -zk= advantage q ths deep Ezis-
rs1spgrtzrio1 q ne Neches -.Fs-. va
-= Sabine Lake cs1sl Th@ govern
1eul ls nov working o. tAe -iY=- and
z-zl and a. sDol a. the Sabine loek
completed. oossn-going tzn.s-s S-iIl
e able 70 doc. ~ the CON pzny's new
x1sr1 TIE Magnolia Eil stil main
ain its sIpgrring and importing stz-
10. 81 Sabine. Eaere i hss storage
sciliue. for 80 bpg b3ls- Of oil TIE
sabine terminal also has ample stock
" rom and = connected b. PIPE
ines Eith the Beaumont xorks i, is
Tanned 10 load the big tznkers st the
sfnery 10 the full draft Of the vessels
loan the river and then complete the
srgo b. Iigltersge a. Sabine
-grrsry of Properties sno Business
The Magnolia has three modern Re
Inerie-. with total capacity Of z7,Jog
yols. Z day. Z. follows: Beaumont
1900. p Worth 1900; Corsiczna.
-oy9. Il owns i55 distributing sta
ions. $50 tank cars and s5j miles Of
pipe line. The McMan Oil Co. with
arge production In the Cushing field
lss recently made q contract 10 build
i55 miles Of s-inch line 10 connect
sith the Magnolia line al Red River.
hus iu.uring the Magnolia perms-
leIt supply Of very desirable light
rude for it, refnerles. The Magno-0
ia also takes crude oil from the Head
on field 10 Oklahoma and the Electra
led In TeIs, through its own pipe
ines and there j. q possibility Of its
.OOu entering the Sour Lake and Hum
dc field. in Texas a. purchaser Of
rude in these two districts. It is also
ne heaviest buyer Of Mexican crude.
receiving il a. its stations al Ca
.eston. Sabine and Aransas Pass. InI
.sli it, purchases Of Mexican oil
amounted 10 4.335.jls bbls.
ln addition 10 the large amount oil
forage now being built at the Beau
mont works. the company Is erecting
30 steel tanks Of the 55.0OO-bbl va
-iety al r, Worth. y Of which have
been completed The company has
'ecently completed a new pipe line
station at Hull near Sour Lake. and
. number o; the old stations will be |
enlarged and equipped with additional
pumps The main line between Red
River and the Beaumont plant will
.lso be looped at several points to give
capacity for handling Okla.
IONA crude
The sale, department Of the com.
ANY is one Of the best organized in |
he country. In 1914 a contract was
made for period Of years with the
southern Pacific Railroad Co. to sup
Dly 100000 bbls Of fuel oil for its
locomotives in Texas. and that com
amy is now taking from the Mag
Ola 100000 per year in excess Of
he contract. 1t is also supplying
lany manuia curing and power plants
throughout the southwest with fuel
g. In addition to its domestic sales.
has contracts with the Standard of
lev York. Standard Of New Jersey.
tandard Of Kentucky. the Anglo
merican Oil Co. and the Union Pc
-oieum Company OF Philadelphia. TO
lrnish various grades OF refined oil. .
The annual report for 1914 showed
net profit Of s62O,s62 being equiya.
mt TO four times the interest on the
lnds The book value of the S5.O22.
10 OF outstanding stock is lO3, on
hich the company earned over 50 ,
sr cent for the year. During 1914. ,
100000 first mortgage bonds wer
tired and cancelled. as were $500. .0OO
the $2.0OO,OoO OF per cent notes. ,
he refinery capacity was increased
ON 1900 bbls. in 1913 to 27.OOO bbls.
1914, and the distributing stations
ON 225 to 435. The company is
w offering for sale, through Emanu- +
Parker & Co. OF New York. $500 ri
% OF first mortgage 8 per cent gold p