Newspaper Page Text
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EARNING BULLETIN, HONOLULU, T II, SATURD Y, OCT IS, 1010.
r;,
If
IN .BUSINESS CIRCLES
One of the tunst olgntflcnnt Inililentn
'jVl W fl () W .- - -- - - --
wild llio nnnnunceiiieiu ui an uxuu mw
per cent dividend to tin iiahl the slock
holders of IHwnllun Agricultural
Company this month
1 Judging from the talk of the street
and tlio downwnfd trend of stock quo-
tatlmiii nil dividends would bo bus
per pound against 4 073c per pound In
190K, 3 7G0c per pound In 1107, aGSCc
per pound In I90S, 4 278c per pound
In i9Wi, 3 974c per pound In 1904, 3 72c
per pound 111 1901, 3 5420 per pound 111
1902, 4 047c In 1901 and 4 5CCc In 1900
"The average price for centrifugals
for ten years ending with 1909 lt
JDGf.c per pound.
po nil od next jenr mid If any of thej "The lowest price for IU09 was H Clc
' real good plantations had any surplus tmt wns touched In February, mid tlio
'they Bhould carry It over to meet ( ,g,P(,t ,rco for the year was 4 45c
''emergencies In (ho coming )cnr That oll November 11
!hns been tlio atmosphere for the past
,,few weeks
in tin, initial nf thU dm directors of
Tlio lowest price for ten earn was
3 2.c In June of 190.' "
n plantation that Is subject to marked jrc(. f Stock.
vicissitudes of weather in well ns nil neferCnce to tho price of stocks for
the other numerous Ills Hint threaten two yenrs ,msl 8 n() 0f nhio ns
the sugar Indiistr) labor nnd rcduc-1 0WnK ,mt cnmpnred with previous
tlon of the tin Iff, etc, etc decldo to 1 1)rCM tID dr0, n B()nie of the stocks
pay out a lnrgo lump of their surplus ila8 I10t uee so extraordinary after
Certainly they would not do this If the nll fho quotations have, In other
price of sugar wns expected to urop to
extremity low figutcs, nnd the tariff
were to be taken off within the next
twelve months m some of our proph
ets would have us think
-.Making IMInntf.
f Tho situation has settled down con
siderably during the last ten diys mid
f one begins to hi sir of the estimates
, made by lending ugenclcs of what will
be done In the coming )cnr
Very few are us conservative as the
H it 1 1 e 1 1 n nnd base their figures on
a sugar price higher than 3 tiOc An
averaf e price of 3 CO or 3 7Sc Is now
P enernlly talked, und tlio majority be
lieve tho average will run as high ns
3 80c
Hut under tho 3 COo estimate, all tho
leading agencies are said to predict
that regular dividends will not be re
duced, though no extras need be expected
words, ndnpted themselves qulcklv to
tho new price of Biigar doing over
tho records the following facts nro
gleaned In (oiinectlnn with the stucka
most generally handled.
Kwa 1908, highest $2Sr,0; lqwost
$24 1909, highest $32 87'., lowest
$2C 2G
Hawaiian Agricultural 1108, high
est $18 lowest $180. 1109 highest
JJfir., lowest J 170
Hawaiian Commercial 1908, high
est (99 CO, lowest $79 CO on old clock
busts 1909 highest M7 ""., lowest
(28 93, on the basis of W shares fully
paid up
Hawaiian Sugar (MakawiIDllOS,
highest $30, lowest $31 1909 highest
14, lowest $3! Capital stock In
creased from (2,000.000 to $1,000,000,
May 17, 1910
Honokaa 1908, highest $lii. lowest
110 1909-hlghest $21, lowest $11
Haiku 1908, highest Sir.o, lowest
lino 1909 highest $-!90, lowest $17C
Ouhll 1908, highest 1J0 2.", lowest
$23 85 1909 highest 34, lowest
$27 25
Onomen 1908, highest $41, lowest
$17 7i 1909 highest $'", lowc3t
$40 r,o
Olii.i 1900, behest $.i, lowest $1
1909 highest $0 7. l.iwoit$!I.O '
Pacific Sugar Mill ri'U, highest
$175, lowest $130.
t'ala-1908, hlgtust $l0, lowest
$127.50. 1909 lilhhfH fllO, lowist
$175. !Aii 1 under in lounl cipltallin,-'
lion $150 '
Pioneer Mill 1"'!, MHcn $145,
lowest $122 50. I'M-jMili'lieMt $.!,
lowest $14C, uy .
Walnlua 110S, highest $91, low tat
$05. I'l(i9 highest $125, luweat $80
Wulluku 1908, highest $110, low-
est, $1C0 1909 highest $300, lowest
$200.
Thn price of raw sugar on October
17, I90G, wns 4c Same date 1907, 3 90c,
and 1908, 3 05c.
Pint Sugar Prices. Selling now on basis of stock dividend
In this connection It Is Interesting of two hundred per cent
to refer to the record of the past when J Hutchinson 1908, April rolling
the present price, of sugar, 3 90c, was $20 25-$21. 1909-hlghest $19, lowest
considered mighty good and the signal . $1G2."
for un advance movement In tho stock Kahukii 1908, llg'iest 27 50, low
market Tho writer has taken from est $27 1909 highest $31, lowed
tho Millet & Oray records u review of $29 50
the sugar prlco for 1909 und tin re wn Mcllryde 1908 .lelllng April $1875
find that "The avcrngo price of cen- nnd $4 1909 highest yfiSiG, low c it
trlfugals for the. j ear 1909 was 4 007c $3 125.
Crop rorecn!".
, lteferring to the slat is of tho raw
sugnr market at the end of September,
Willed h dray's circular raid that It
was Impossible to forecast tho future
on account of tho dcmoratlzitlon of
tho market at that time. With tho
men at tho cenlis of tlio tradu "up In
the air" It Is folly for pcoplo .it this
distance to bo too cert iln in predict
ing tho proipcits of tho sugar mar
ket Apparently however tho price of
sugar for .the tlmo being hns reached
bed rock
Tills Is a period when there nre a
gnat many huge IPs
If, there Is a heavy fiost i.i Eumpo
It could inslly tnko half n million
tons out of tho European beet ciop.
If, the leported biirrlcnnn In Cuba
was In the sugar catio district It might
reduce tho crop; or on tho other hnud,
It might, like n previous reported
storm, do more good than harm.
If everything works out us It Is
heading now, raw sugar will probably
bo Helling ns low ns 3 50c next Feb
ruary, when tho Cuban ciop is nt its
height
During tho week tho Dill lot In
published tho Wlllctt & (Ira) sugar
market review tinder dnto of Sept. 29
Tlif- latest mall circular Is that 'f
Cxarliiknu-Rtomla. Company of Sept.
30. This report sas of tho market
for r"ws
With tho liquidation of old crop
Diet contracts nnd the discovery that
the covering cf these contracts did
not exhaust the supply, but left a 1 it go
quantity to bq carried into the now
crop period, tho European markets be
came demoralized, nnd this demoraliz
ation acquired added force from the
prevalcnco of exceedingly fnvorablo
weather throughout tho licet coun
tries (fitting tho arltlcal month of Sep
(ember. '
The daily (lcc)lne of prices in -Hit-rope
hnil a ver bad effect uikiii this
market, rjltijmutlo refiners reluctant
to buy'lieriMtntll Ihoy.savt somo signs
Of aslbpMgo to tho fall In Europe
J'.acli decline In that nnrket brought
out , nolIcrs here, at lessening prices,
nnd the market tins, gono down step
uy step this week until n decline or
21c 'has to bo recorded, n snlo of
20,000 bags Ciibas, In store, nt 4c
having Jut lcen reported.
Tho causes which have opeiated In
bringing about a rapid decline In Ku
rope cannot bo snld to prevail here
for tho supplies of catio sugar In sight
tor tills market nro not more than
are needed to carry rcllners Into .Innit
ary, when new crop Cubas will be
available, unless nn uniuual curtnll
ment of moltlngs Blioiild tiko plnco
In splto of this, the market here dur
ing the past week has more than kept
pace with tlio decline In !umic, for
against a dccllno there of Is, per
cwt. (22c. per 111) tho market here
has declined .24c, and wo nro nearly
',4c. below the pnrlty of licet. .
In view of tha general sltnitlon here
with respect to supplies, tho extreme
length to which '(ho.rtpcllnd has gono
may bo due to Ihd fact that Ihe larg
est Items of the unsold supplies con
sisted of Javas afloat and rutins In
store, belonging to nuropenn holders,
who, scared b) the conditions on their
own side, have been eager sillers on
this side nt prices In some cases 7-lfic,
to it,c, below what they could have
sold nt n montli ago.
Ono thing muit bo home In mind
mid that li that Cuban planters, no
longestlinulated b high prices, will
not start grinding so early In tlio sea
eon ns thoy otherwise would hnvo
done This npplles especially to tho
weitcrn section of the Island, where
tho crop Is far from being ns sails'
factory ns It was nt the samo tlmo
last year, although It promli.es bcttei
now than It did a month ago,
Hiiropean beet markets have declin
ed In 9d. In old crop, nnd from lljd
to Is. 0 (), In now crop slnco our last
report. Today's fol quotations nre.
September, 10s. Now crop Octohsr
10s ; October-December, 10s ; January-March,
10s. 2d,; May, 10s 4d.
The receipts fcr the week tit Jho quartermaster General Aleshlro Is on
three Atlnntlc ports wore 31,332 tons.' his way to Honolulu accompanied by
, .. I dcner'al Ullss, tommiindor of the I)e-
itl f.. .f I ,... nt r'nllr.iritlt, Afln, llila
It s now geneially understood that Vjslt the location of the Schofleld liar-1
tho rittitro or the Uutisoliunled rttie- racKS auu tno mnuer oi cerium lenses
npplo Company Is gunrnnteed by tho In coniuctlon with present and con-
alliance made thrilugh .ir. Jlontley tcmplnted forts, will be settled und
with tho California Fruit nml Canning marked progress will be evidenced In
Company. It Is understood that n trie construction of permunent qunr-
largo cunning factory will bo put up ters for tho military of the Island. A
to handle tho product of tho Cotisoll- full icgtmont of Cavalry Is now stn
dnted. ,,
, tloned at Scholluld barracks, tho nd
1 illtloifal companies of "the regiment
lilUbllih4 1780
I'lmnpplf Julie. having nrrled bj the transport this
Mr. Atlnms, the pales ngeiit of The wick
Dolo Plneapplo Juice, l'dccntl) re-
turned to tlio Const urtor a brief stnyj Members of tltq Chamber of Cold
in the city Mr Adams sujs thn. tho niefce and Merchants' Association do
only dlinculty In connection with tho clslvcl) reasserted their approval of
Dolo pineapple Julco will be to get tho Mnhukn sl(e for n Fedcrnl lmlld-i
enough Julco to supply tho demand nei wjln 0 Mtond cholbo. Tho effort'
ThU product Is ono that tho doctors on Monday to get u vote of second
endorse, nnd with tho doctors on their choice for tho Sprockols site was
sldo there will bo lib limit to tlio without nvnll The business inert of,
qunntlty the producors may bo callcdtho city want the Federal building on
upon to supply the people the Mnhukn site nnd there Is n grow-
ling sentiment that the condemnation,
llreakvfiilcr OoiilmclK. I proceedings will result fniornbte so
Ono or tho most Important events far as tlio vnluo of tho land coming'
of .tho week In contracting circles was within the appropriation Is concerned ',
tho opening or tho bids tor the con
striictlon (if tho tlllo and tho Knhulul
breakwaters The tenders on tlio Kn
hulul breakwater developed n sltua
Mr. Spreckqls previous to his de
parture closed up tho deals whereby
Wallop street ma; he extended to tho
tlon that appealed on tho face of It to wntorfroIll T)l0 Aflioclntcd Oarngo
the lnynnn as most oxtraor. nary It w, bo nccnminilnteil , ncw bnil.
seems that the Knhulul railroad nt ,ng ,, ll(, Kwl ,,) f , wvf Ritce,
first refused to glvo n trnnsportn
tlon r.'itn to Houoltilii contractors be
cause tlio inllrnad Intended to bo a n.P,,t.
bidder Tor tlio work. This railroad is
presumably n common carrier, nnd
the infiisnl of Manager llaldwln to
quota n rato was n most arbitrary
and a now building will he put up for
the Rrhiiiiion Garago on Merchant
Higher Coffee Prices,
nn
fee Is higher. This means that
...,...1 ,. , .. T ,..- .... .
act, nnd suggests that tho Knhulul '"" """"" ,,'":,J "" " "" I
Hallway company by virtue of Its mo- feo lltflct has yielded in years
nopollstlc position intends tufehut out Ehn"l'l ho told nt tho hlghes; price,
all other bidders und command Its ' y- . The following from the
own prlco for tho work H uppenVs ttw York Kvenlng Post of Septam
that later n rato of eight cei.ts, a mllp, her 22 Is of the widest lilt ere it In
was mado through tbc Ideal oirii'e df this city nnd Ter,rltory; t
Alcxiiudcr & llaldwln on behalf of tho Pcoplo who have been romplaln-1
railroad The, exact legal status will lug of the high cost of living, ns ro
of courso bo determined by tbb nu- fleeted In wheat, corn, beef, pork nnd'
thorltles In Washington. 'cotton prices, will Boon find n in w
On tho Illlo breakwater tho Ixird- , for complaint. Shonkeeners
Walter Balr'
& Col's" 4
CHOCOLATES
and COCOAS
n
For eatlne, drlnklne and cooklnr
Pure, Delicious, Nutritious
1 ,jl.l,rr,l V S. I'.Uiit Ofl
Hrcakfast Cocoa, 1-2 lb. tins
linker's Chocolate (unsweet
ened), 1-2 Hi. cxikc-s
German Sw eel Chocolate,
1-1 II). cakes
For Sj1 lir Lridlnc Croctrl la Honolulu
Walter Baker & Co. Ltd.
DOUCIIUSTGR, MASS, V. S. A.
50 HIGHEST AWARDS Itf
EUROPE AND AMERICA
I
Young Company bid I1.S4 per ton; D
12 Jletzger 12 G8!i0 per ttin siib-struc-turo
nnd ?2 23" superstructure. Mor
gan Dredging Company I-JH Bub-
striicturo
hnvo begun to issuo warnings that
coffee prices are destined to rlso. j
Tho advance In price which nro
likely to take place soon will not bo
Tho bid of tho Knhulul Hallway 'V0",1'1 n,,0'lt 'j " t.r,,R.t; "''
,.. i o-. r- l I.. i. 'ey uu ciiiiiiiivu miicij iu i.iu ui.itt..
I iiiii.iii; nut, f I oi, ii,i (tun in iiiv
brenkwiiter or $1 S", for rock on
solely
Stntes. They will be tho result en
tirely qf condition In the world"'!
coffee, market, which In the-Inst few
months have developed In a decided-
News wns received this week that y Interesting manner. Through a
barges, and fifty cents n ton for transportation.
combination of circumstances, raw
cofftfc prices aro now 'higher than
at nny time In many yeftis; hero Iu
Now York tho Coffee Dxchango
"spot' price Is 11 cents n pound for
Hto coffee, imronsted, as contrasted
with 11 cents a uinnlli ago, 8 cents
throo. months ngo, 7 cents n jear
ago, and G ;i-S (ents eighteen montln
ngo. Tho abrupt ddvance In the
last montli has not yot led to n cor
responding rlvo In the prices of
roasted colfco by retailers, and, for
the most part, roasters have not yet
advnnced tholr prices to correspond
with the higher rust to them of tho
raw berrj. Hut It Is clear that tho
roasters hnvo hrid their profits cut
down sharply bo:nuso of the high
(Continue! on Page 7.)
i.
Underwriters' Announcement cf the
CALIFORNIA CONSOLIDATED OIL COMPANY
I ttin
t II nf-
I-'
INCORPORATED FOR $10,000,000
September, 1910, under the Laws of the State of California
10,000,000 SHARES, PAR VALUE $100
Transfer Agent in California, Metropolis Trust and Savings Bank,
San Francisco. ,
Principal Place of Business, San Francisco, California.
OFFICERS.
Preslduit, n-Rftl-ADMIRAI. ROI1LKY D HVANS, U S N., ro-
tired. Washington, D C
Vlcepnsldent, THRODOItn P. OILMAN, New York City
Becretnry ItORDRT I.KK DUNN. New York City.
Assistant Hcorotarv. JAMES A CRUIKSIIANK, San Kranclnco
DIRECTORS.
TtCAR ADMIRAL nOHI.DY D KVANS. U. S N, rotlred
ItO!li:HT SI Mcfllll.nilY, Treasurer McCreery Hcalty CoriKira-
Hon. and of McCreeo Dry Oooils Co, New York City
TIIKODOIU: P OILMAN, ex Controller State of New York, and
President General Hleclrlc Inspection Co, N. Y, New York
City Also President flower Waste nnd Packing Co, Now
York Clt
JHON JOHN W. MITCHELL, Attorney for Ijnkershlm Kstatc,
Los Angeles, California.
HON MEREDITH. P. HNYDER, Piesldcnt California Ravings
Hank; Member Los Angeles Clearing Houso Committee; tlirco
times Mayor of !.ob Angeles. Log Angi les, California
ritArK N .FISlf. Caslilcr Metropolis Trust t Havings Hank,
Kan 1'runclsco, California
HOIIEHT LEE DUNN Managing Director 1 Incoln Memorial
Endow ment Astoclatlon, Now York City
' PURPOSE.
This corporation has been organized for tho puritose of ac
quiring and developing proven C illfornla oll properties, con
stiuctlng plpo Hill's, and Eiich other biiblnesi as uppertullis to
llio oil indiutiyV, It li planned to mako this ono of tho biggest
Institutions In tlio West
M4NAGEfENT.
Tho management of this company Is vestod In a Hoard of
Directors, conslhtlng of men whose repututlon for Integrity,
business success nnd conservative judgment Is well known The)
liavo personal! visited the properties Several of the members
of the- Hoard are men of national reputation
POLICY.
Tho nffalrs of tho company will he administered with a view
to constant holding up of tho properties along llntji Justified
by conservatlvo Judgment Aggressive and progressive policies
will be followed wherever such policies have tho approval of
tho best exports available Tlio mon who will develop and
operate tho properties which tho company acquires nre among
tho best Kitli'il experts In tho oll business In this country, and
the company, wfll hayo tho benoflt of their Judgment during tho
first year of' Its operation of the properties. ,v
PROPERTY.
i
Tho properties first to bo operated by tlio California Conaolb
dated Oil Company aie nn follows-
Tho MAHCOnv property, Midway field ConslBts or one hun
dred and sixty acres iqulpped with thirty four wells Tour ud
djtlonnl wells.aro now being drilled In tho Judgment of tlio best
oil experts of California, tho property will support sixty wells
Completo equipment or bollor plant, tanks, reservoirs, living
quarters, etc, 7 he present output is 90 000 barrels monthly,
which Is now providing a, net Income of $300,000 yearly. With
the addition of twenty four wolls a probable not liiromo of nt
IcaU $720 000 muy bo expected Tho projierty Is on a dlvlden I
paying basis.
Tho PREMIER, propel ty Coallnga field Consists of ono
hundrid.and Blxty acres, fourteen producing wells One well
now being drilled nnd one leady for drilling Completo equip
ment of boiler plant, tanks, roiorvolrs, living quarters, He
These sixteen wolls, basing the figures upon tho present pro
diiethm of the fourteen now producing will yield nt lonst 804 000
barrels Karly. u not' Income of $240,000 yearly. In the opinion
of oxportB, thin property will support eighty wolls, which will
This proper!) Is on a
provide a net Income of $,000,000 ) early.
dividend paying nasls.
Tho YELI.OWSTONE proper!). Holdings lu tho Kern
Rler. Sunset nnd Mcllttrlck fields. Tills proper!) consists of
two hundred and twent).lvo acres, with fivo wells. Com
pleto equipments of Loller plant, tanks, reservoirs, living pi li
ters, etc. 1 ho proh
erly earns $I8 00ii per
annum.
The present net
earnlrgs of the prop
ertles Is sufficient to
gusrintee every
stockholder a subttan
t!al return on his In
vestment, regardless
of future develop
ment. STOCKHOLDERS
SAFEGUARDED
Tho Investor In this
company will ho pro
tected In every insM
bio resnoct.- The-o h
no pri'lered stock
There will bo no
bonded llldehteduejs.
Evciv stockholder en
ters tho Ciimpiuy on -tho
ndiiib basis Tho
men associated In
tlio management of
tho conmnm nro roe.
Rear-Admiral Robley D. Evans, U, 8. ognlted Hnders In
N., retired, President of the Callfor. banking, oll nnd com
nla Consolidated Oll Co. mercliil elides I
THE UNDERWRITERS' SYNDICATE.
A Kjndlcalo of Underwrites, composed of bankers ami rei
iitnble business men, has been organized for the purpose of
providing funds with which to meet tho payments tin (Irso
propei ties Instead of following tho usual practice of nllo'lng
this stock to only half a ilnxon wealth) men, It has been di elded
to nllow our clients an opportunity to Join this Kjmllculo and
socuro nn lutciedt In this corporation nt tho very first price.
Our clients will bo given every benefit and nilv.iiit.igo of thin
Underwriters' Syndicate.
'Ihe stock ot tho California Consolidated Oll Co will bo or
fered for sale lu tho leading financial centers of tho woild Just
ns quickly ns this Underwilteis'.S)iidlc.a!o Is clossd Tho prlco
at which tho stock will bo offered at that tlmo will bo greatly
In exess of tho present prize for which tlio Underwi Iters' Syn
dicate membeiH can get tholr stock,
Each member of tho 8yndlcnto is allowed to purclinsi any
where from ouo hundiod (100)) to twenty thousand (20,000) (.
shares, at this prlco, which hns been pluccd ut CO Lents' per
share. wr value $1.00. , i
The stock Is being rapidly absorbed
Telegraph your reservation nt our expense nnd send lemlt
tanco by mall using tho attached order blank.
CALIFORNIA CONSOLIDATED OIL CO.,
STOCK ORDER,
P, E. R, Strauch, Rep. Lincoln Mortgage &. Loan Co,
74 South King St., Honolulu.
Enclosed find icmittuuco for $.... for the pure-
haso of , shares of stock In the California
Consolidated Oll Co, at tho Underwriters' Syndicate prlco
of CO cents, par vnluo $1 on. I lelrgrnphed my reservation
Name .
Addiess
City ..
II. I).
STATEMENT BY T E PRESIDENT, REAR-ADMIRAL
ROBLTY D. EVANS, U. S. N., RETIRED.
"I have long . i ed tlio oil Indiistr) us dno or tlio most
important and pionu.m' or tho ncwci lines of trade, Without
Intending to inter tho IhMikms of producing or selling oil, I
hnvo been c.iicfully luvestlga'Ing. for several )oars, uver) nvnll
able source of Information on tho subject, first, becauso or my
Interest lu tho umi of oll ns n fuel fui naval vessels, and Inter
became of ni) conviction Hint tlio future of tho commodity
would mako It ono of tho most Important subjects In tho trade
of tho world
"Man) Inteicstlng business opportunities have come to mo
since ui) retliemetit from netlvu setvlep lu tho nav), two )enrs
ngo. Kitty )ear of service In n calling which Is more than
oidlnnrlly exacting, renders mi) mnn of net he temperament
unfitted to Idleness It has been ui) intention, when the right
opportunity occurred, to connect ni)8elf with somo enterprise
or illlclent size, nnd offering Hiilllehnt piomlM tor tho future
to appeal (o my host energies. That oppoituulty Is pioBcnt In
tho oi ionization or tho California Consolidated Oil Company,
"Alter personally visiting and can full) Invostlgntlng the. pro
posed properties of tho oinp.ui , their books, contracts mid
options, I hivo accepted tho pu'sldoncj of tho company nnd
hnvo Invested my own money In its sIuucm 1 will personally
.III t ct its nrfnlrs. Ihls Is tho onl) oil company w(th which I
am connected."
THE OIL BOOK.
Wo pub Ish tho "Week
ly Oll Hook." which goes
out ever) Moudii) morn
ing. Tho "Oil Hook" con
stantly presents inone)
making opportunities to Its
readers Tor tho Ipst two
)cars tho 'Oil Hook" ln.i
been pointing them out
nnd for two )curs Its
readers have been making
inonoj by taking mhan
tugo of them With Special
witters, priilographers, ex
perts, etc, wo got all tho
news fioni all tho oll
fields. The California oil
Industry devplnps ei)
rapldl) over) ucnt) four
hours lulngs forth some
thing now a new plpo
lino started, another divi
dend payor" a big conduct
for oil slBne.il. imothor
Bushor,, etc. It costs nothing to keep in touch with this ac
tivity and with the mouey-moklng' opportunities. 1 III lu and
mall the coupon und wo will send you thu "Weakly Oll Hook",
for slc months without charge or obligation
We ad;lso thn purchase of California Consolidated Oll Co. ,
stock now' nt COc Do not fall shpu)d you not order now, to
send In tho coupon for tho 'Oil Hook," which will bo Bent yon
for six mouths wllhnut charge, nnd which will keep ou in
touch with Callfoiuli Cfns6lldatcd (ill Co, nnd tho California
nil industry
LINCOLN MORTGAGE AND LOAN CO.
P. E. R. STRAUCH, Representative, 74 South King St , Honolulu,
Hlh and 15th Floors, Whlttell Building, 1G0 Geary Street,
8an Francisco, California,
022 Citizens National Dank Oulldlng, Los Angeles, California.
637 Henry Dulldlng, Seattle, Washington.
New York Office: Lincoln Stock & Dond Co.,
048 Marbrldge Dldg, Herald Square,
OIL NOW CALIFORNIA'S BIGGEST INDUSTRY. -
Millions Paid in Monthly Dividends.
Oil Is now California's biggest Industry." emplojlng thousands
of men nml Involving millions nt dollars. Tho California nit
fields mo undoubtedl tin,, richest In Ihooild. Owing to their
geogrnphlcnl position which pcrlnlts c'nsy marketing, the value
of their uotput will Increase ns tho consumption of oil for do
mestic, manufacturing nnd shipping punxihci ndvnuces. With
tlio approach nf Its adoption b) tlnS great ji eval'ism fracas tho
best fuel, California will hnvo tho world for Its constant mnrkot.
Alrend) tho Industry has been transferred fiom tho piano nt
speculation into that of u solid and permanent addition tu tlio
wotld's list or dignified and enduring business entcrprUos. This
change hns been achieved through tho steadily Increasing jle'M
of (ho oll fields of (ho world and (ho entrain o Into tha ludiutry
of men whose business reputation Is a guaranty of tho glgmtla
new work .
Mnny have mado Independent rortiincsin successful Califor
nia oil companies. These Investors woro either on thu gioiiud
or wcro advised by resixinsiiiid.-oil investment nrokors i neir
small Invcs ments Miavo been returned to tljcni lu dUlili
many tjmts over. K", , f
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Admiral Evans ard party on the Yellowstone property In the Kern River Field; Reading from laft
to right (1) R. P. Doyer, Vice President of the Lincoln Mortgage! and Loan Co.; (2) -Theodore P.
Gllman, former Controller of 8tate of Now York; (3) N.F.Wilson, President of the Lln:oln Mort.
gage and Loan Co. (4) Meredith P. Snyder, Presldtnt of the California Savings BanK bf Los An
geles; (5) James trulkshank, of New York; (6) Rear-Admiral Robley D. Evans, U, S. N retired;
(7) Robert Lee Dunn, of New York, Managing Director of the Lincoln University Endowment As
sociation; (8) John W. Mitchell, Attorney for Lankershlm Estate, Los Angeles; (9) D, S. Mclnnes or
London; (10) rjubert T. Morrow, Attorney of Los Angeles; (11) Colonel J. D. S. Thompson, Vice.
President of the Mascot Oll Co., and Premier Oil Co.; (12) H. B. Guthrey, Well known oil operator
of Los Angeles, from wnom me uuinrcy uusner eases us name.
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P. E, Rr8tiaucli, Rep, Lincoln Mortgago &iLoanvCo
s ', f 74 SoiitlvKhig A HonolulJ? f" u ,.
Without cost or nbllgatlon on my part send inn tho
"Weekly Oll Hook" ror hlx monllis, also n'eml ino'coniplota
literature concomlng tho California Consolidated Oil Co
Namo
Adiliess
City
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