The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-03-05

We cannot sec any reason for any
real depreciation in the value Of these
securities as far as their earnings are
concerned
The Oklahoma Producing and Re
iiaing company held their annual
meeting and the share holders rati-
lied an increase in the capital from
$5.O00.OOO to $1O,OOO,OOO. The COM
pany's annual statement for the nine
months ending December 3l 1916,
showed approximately 20 per cent on
the average outstanding capital for
the year, which does not include
$4,000 of earnings from the Mus
kogee Refining, as it shows only six
months of this company's earnings
and nine months of the Sperry Oil
& Gas company's earnings. There
ownership of 81 per cent of the stock
of the Usage. Hominy Oil company
should show a good profit during the
coming year. The Kennedy. Springer
property Of which the Osage-Hominy
Oil company own y interest has a
daily production of $1,000 to $4,000
barrels. Well No. % was drilled in
this week, and started with an initial
/ production of 80 barrels per hour. A
report made on the property by l. c.
White. State geologist of West Vir.
ginia estimates that 1850 acres Of the
leases will yield at the rate of 10000
barrels from an acre within a period
of five or six years, while 750 acres
additional will yield $50 barrels within
the same period or 2GOOO,OOO barrels
| from the Bartlesville sand alone
worth after deducting ample sums fol
the drilling, operating overhead, in
surance waste and all other COst
contingencies, a net return of $17,
100000 within a period of only to
years. Mr.. White also estimates thai
$2,O00,OOO to $3OOO,O00 additional il
the same period of time could b'
earned from producing 5000 gallons
of gasoline daily from the natural gai
which at the present time is founC
mostly in the higher sands 1t is es
timated that the earnings for 1871
will be from so per cent to Sc pc
cent. on the outstanding capital, AM
that they will have production az
proximately of $4,000 barrels to star
with
At the annual meeting Of the Cos
den 4 company, that had the regr
, lar routine of business, and the re
tiring of directors reelected. TIL
, same was true of the Cosden Oil
Gas Nothing was mentioned at an
meeting regarding the consolidation c
, the two companies 1t is rumore
, that the dividend on Cosden Oil
Gas may be increased to about 20 c
. "a per cent. during the next quartz
, At the present time they are payin
q 10 per cent. and per cent. eXtr
, The company control at the preseI
>. time approximately 1SSO0 barre
daily production, and based on pre-
>. ent markets they could easily affoI
to increase their present divider
4 rate.
Tide Water Oil company have /
a. creased their capitalization fro
4 $3O.OOO,OOO to $4O,OOO,OO0. OF the $1I
:, 100000 stock, s2,9OO,OOO will be di
q tributed as a 10 per cent stock div
a dend, payable to stockholders
\ record February 2Sth. The company
II earnings after depreciation we
p equal to 3S per cent. on S29,0O0O
. outstanding stock, as compared wi
q IFS per cent on $24,OOO,OOO stock OF
10 standing during 1915, or approXimat
% ly a gain of over 200 per cent. II
n market for this security has ney
n. been very active and holds fir
Al around 225 and 235. II is general
10 expected that II purchased at prese
-, prices Il will show a profit on
long null