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Image provided by: University of North Texas; Denton, TX
Newspaper Page Text
THE JEWISH MONITOR Friday, August 8, 1910. Federal Oil & Refining Company Our Desdemona Holding Should Maks Us Rich The Ranger-Rock Island Company's well on a 10-acre tract in the Desdemona oil field (in which the Federal Oil & Refining Company owns a substantial interest) is making 2,400 barrels of oil per day, we are reliably informed. Our in terest in this tract alone should earn for all present stockholders an annual dividend of at least 20 per cent. This well is expected to make 7,000 barrels per day, whan drilled deeper into the oil sand. txt mTSS !!lc.iltract calls for two more wells on thi3 tract WITHOUT A CENT OF COST TO THE STOCKHOLDERS o? Texfs FEDERAL 0IL & REFINING COMPANY. We own 4,200 acres of valuable leases and one in all the proven fields 75 PER CENT TO STOCKHOLDERS Wle have set aside 75 per cent of the net earnings of this company to pay dividends to stockholders,. the remaining 25 per cent to be used for developing and drilling our lease holdings. IN DIVIDEND PAYING CLASS We have already paid one dividend of 10 per cent, and expect to declare another in September. WE HAVE ONE REFINERY IN OPERATION BUILDING OTHERS. Our refmery at Cushing Okla., began operating in 1918, and can earn a net profit per day of $1,054. A second refinery with a 3 000-barrel daily capacity is under construction at Fort Worth, Texas. Practically all the steel and ma terials for this refinery have been ordered and work is being pushed as rapidly as possible. A third refinery is planned at Marshall, Texas, and a fourth at Ranger, Texas, capacity to handle 3,000 barrels of crude oil per day; $13,270 net profits per day estimated as the total surely to be derived from the four refineries This is a company that does things, and does them in a big way. You have the opportunity now to join with us in these great undertakings and share with us in the great profits that surely will come from our investment. If you are LS .sibly affoerdnVe possibilities of large returns, send us your application and check for as much as you can pos- STOCK $15.00 PER SHARE NOW-WILL BE ADVANCED TO $20.00 OFFICERS Judge D. B. Welty President J. E. Barnett Vice-President W. F. McLaury Secretary C S. McCreight Treasurr LOOK US UP IN BRADSTREET'S The Federal Oil ck Refining Co. Authorized Capital $1,000,000 Shares $15.00 GENERAL OFFICE 439 Liberty National Bank Building OKLAHOMA CITY, OKLA. TEXAS OFFICE Oil Exchange Bldg 603 12 Main St. FORT WORTH, TEXAS CLIP THIS TODAY COUPON Date Federal Oil & Refining Co., 603'. Main St., Fort Worth, Texan. Enclosed plea.se find $ in full for stock, value $15. Issue certificate to: payment shares of your capital Nnrno Address .