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Show M. I. imU'l'ITT UOVJi INTO Olli (2AMK OVI II IN M:VAI One of tho newest companies i nter-Inn nter-Inn the oil shalo field I that or the Htiindnrd Oil Hhaln tompany, whlih rrportt ownership to forty-two hundred hun-dred and slxt acres of shale lands locati il near Klko, N'ev Tho com-pun com-pun J ha 125,000 shares of preferred stock nnd 1,371,000 share of common stock of one dollar par value Thn president I K. O. Day, W U Dunn-lur, Dunn-lur, vim iiresldcnti M. I llraffet, 1' M Hhlrrr, J. J Van Allen, John I'ln-grcc, I'ln-grcc, treasurer, C K. I lutes, stcn-tar), stcn-tar), and Otto Htitlmunn, dlreitor It I announced that thn rompan will have a hundred ton distilling plant erected near Klko and In operation lij the summer of 191. In tho prospectus It U stntid that tho nvenigo result of numerous test made at an experimental plant on shale taken from thu surfain of thn company property gave return of forty-five gallons of initio oil and fourteen gallon of gasoline, a total of (irt)-nlm gnllon II I stated that from the oil DO per tent of gasoline and 20 per tout grease can be extracted. ex-tracted. It I claimed that the dall profits from tho hunilnd-ton plant should lie u thousand dollar The lost of the plant Is tstlmatid ill a liundrid thousand dollar. |