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title: 'The San Francisco call. (San Francisco [Calif.]) 1895-1913, March 07, 1911, Page 4, Image 4',
meta: 'News about Chronicling America - RSS Feed',
Image provided by: University of California, Riverside; Riverside, CA
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PETROLEUM IS THE KING OF STATE'S INDUSTRIES
ITO PUT END TO
RULE OF COAL
Producers Receive More
Than $37,000,000 for
Oil Is California's greatest Industry
today. Figures for the year just con
cluaml show lliat the output of petro
leum for 1910 was 70,000,000, barrels.
At an average of the prices obtained
during the year this product brought
to the producers approximately $3 7,
While this Is the remarkable record
of the past, the prospects for the fu
ture are even brighter. . One of the
best discussions of the future of the
state's oil industry was embraced in a
paper reanl before th* minlng.associa
tion of the University of California, by
M k L,. Requa. After Indicating the
growth of production to its present pro.
portions he Bald in part: , .1. v ")»
"It is not possible thai this increase
can continue In any such' ratio over'any
long period. The nearby markets are
THE BEST FOR AUTOS I
;; -JRADEMARK^ 'f'S.]
Are not "compound*'**' oils, bat .
RKKINKD by oar own
■ refineries ■ ; ; .--,-'-;[
Our forty years'
in oil refining is
* back of them
■ i . . * , ( ._m .1 hi ii in ■ y
AWARDED GOLD MEDAL for
■ ' Motor, OIU rat ■ the . recent • State :
• 'Fair at Sacramento. ,
'I VALVOLmE OIL COMPANY
Factory nranrb, 44© Hrannan St.
THOUSANDS REALIZE PROFITS
Thousands of mm and women in Calif orpia and In practically every
country of the world have realized enonnois profits in California oil
Investments. More than $20,000,000.00 in dividends was paid by California
oil companies during 1910 to their stock holders in every part of the
world. The profits in the form of dividends were added to by millions by
the enhancement'in value of properties and stocks.
Unparalleled investment opportunities exist today in the California
California Oil Bulletin
The best Investment^ in California oil are pointed out in the "Cali
" fornia Oil Bulletin," which is published semi-monthly. We have personal
representatives in all the principal oil fields of the state, and through the
"Oil Bulletin" give the news of all the companies operating in all the
The "California Oil Bulletin" during 1911 and an accurate and
authentic Map of Midway, the world's greatest oil field, will be mailed
to you free upon request.
Write for them today.
The G. S. Johnson Company
, Oil Investments
Phelan Building, San Francisco, California.
THE SAM FRANCIBOO OAI^L, TUESDAY, MARCH 7, 1911.
now amply supplied. and to increase
consumption,-* beyond .-the. natural
; yearly gTowth*due to Increased popu
lation, we must seek-more distant mar
•_, kets with, incidentally, greatly added
' Capital required- to supply transporta
tion facilities. There is reason to , be
lieve -that California can-find a market
for 80,000.^00 annually within
twp years anil 100,000,900 barrels within
five, years. Beyond this It is at present
hard' to' say, ;but, personally, 1 believe
100.000,000 barrels may be the ultimate
high; water, mark, mid is quite pos-
Btble in the event of. natural pas.being 1
, . piped timughout the state, that the
annual convmifpt ioii will be somewhat
"■■;e«s.-r t;,-.'"■-..- ■ jU-:j "■ , '• ,*: .v ? ' ' ■"■ 'r
» "In. view of .the "large. In vestment re
quired in pipelines, shlps^ tank.'Vars
and. distributing stations, dd the vital
, bearing- ' the industry has *mi th« pros
perity of the state,' it Is interesting to
theorize upon the probable productive
life in years of the oil lands of the
state. . - -.-■ /;-->V*V"■■* ' ■ - ■
■ W. W. Orcutt. geologist of the Union
. oil company,' has estimated that from
actually known ■ sources the state can
output 000,000 barrels per annum for
a period of 50 years. This totals 3,750.
--* 000.000 barrels, and, Orcutt '; has pointed
out" that this-estimate is confined to
'' territory regarding which there Is little
CALIFORNIA'S GREATEST INDUSTRY
IS CALIFORNIA'S LIQUID COAL
Palmer Oil Company and Palmer Union Oil Company Offer
Unequakd Investment Opportunities
PALMER OIL COMPANY, whose holdings consist of 880 aores in the Santa Maria district,
the richest oil field in America, is famous in oil and investment circles owing to its astonishing
development. Two Gushers, Nos. 1 and 2, are producing nearly 10,000 barrels daily, with \V ells
Nos. 3 and 4 pumping 300 to 400 barrels daily, with such increase of gas pressufe as to indicate
they also will become great' gushers in a short time.
For over a year the Palmer Oil Company has been paying dividends of \°/c per month, which
it is confidently "expected will be increased from its greater production as soon as larger deliveries
can be made under its contracts. .
The Santa Maria field is admittedly the richest in California, if not in the world, ill the depth
and saturation of its oil measures. .
PALMER UNION OIL.COMPANY comprises a controlling interest in the Palmer Junior
Oil Company and Palmer Senior Oil Company, owning 1,830 acres of land, which adjoins the Palmer
Gushers on 'the north, also 560 acres of the Paula Oil Company's holdings in Ventura County and
forty acres in J^ern County.
All persons who are interested in oil investments should call upon or corrcspontPwith us ami
obtain a copy of our booklets,
"California's Greatest Industry**
"California's Liquid Coal"
which give a comprehensive history of the development of the oil industry, with splendid illustrations
of the Palmer properties.
BROWN WALKER SIMMONS COMPANY
Crocker Building, San Francisco. Metropolitan Life Building, New York City.
doubt; In fact. It comprises largely the
proved' areas of the state from which
production la already being derived.
"Mr. Arnold, whoso reports on Cali
fornia fields, published while he was
a member of the United States geologi
cal survey, are the most exhaustive
treatises extant, lias estimated as a re
sult of hi a Investigations n total mini
mum of 5,000,000,000 and a maximum of
5.500.000,000. Assuming a mean of
7,000,000,000 barrels, we would have a
yield of, 70,000,000 barrels per annum
over a period of 100 years and It Is pos
sible, as 1 have already indicated, that
provided the territory comprised In Ar
nold's estimate ot 850 square miles Is
equally as productive as the territory
already producing;, we may have a total
possible recovery of 11.000,000,000 bar
rels with possibilities even beyond this
"I believe we can safely assume the
of Orcutt as being a minimum,
and if we do so assume, we are assured
that the state will maintain its present
production for a period of at least 50
"The west coast of North America,
Central and South America is poorly
supplied with coal deposits. Aside from
the deposits In Washington and British
Columbia, and the undeveloped re
sources of Alaska and Peru, there is
R We Advise Investment
, in the Stock off the
CALIFORNIA CONSOLIDATED OIL COMPANY
lIKAH ADMIRAL lIOBLKY D. KVAHS,' U. S. I*. (Retired), President;
The properties which will be owned by this company comprise the
Premier, with a production of between (0,000 and 60,000 barrels per month;
' tho Mascot, with a production of between SO,OOO and 90,000 barrels per
month; and the Yellowstone, with a production of between 8,000 ana 10,000
barrels per • month. -- HWJLJM :■-..'.■.;: i - N - -.. •■' : •»;.'.>«.-;.? -■ _■•• ,-,.■• .
The. holding* of these companies amount", to a total of 545 acres, the
greater portion being absolutely proven oil land) conceded to b« among the
richest and moat productive In the State, while practically, all of the balance
Is In. the neighborhood of .very large wells and x in' the opinion of well In
formed oilmen will prove as productive as any. i; : ,
■ -It must be borne In mind; that the California Consolidated does not have
to depend upon the future to "demonstrate the earning- capacity of the prop
erties, it Is acquiring. The present-production la ample to provide splendid:
returns on the entire-capitalization, while future development Will, rapidly
add to the Income. : *..-"■ *
Recent developments in regard to the California Consolidated are of
'very groat Interest to those who are looking for naff and profitable Invest
ment. ~ Let us send you full details and the opinions of numbers of, investors
-who have made personal Investigation of the properties and who are well
qualified to judge of the Investment values and opportunities. - '
- LINCOLN ; MORTGAGE & LOAN COMPANY ; .
, 14th mid 15th Floors,. 160 Geary St., 923 CHlsen*' National llaak Ilallrtlug,
. San. Kranrtweo, California. I.oh *ntc]<% California. '
637 Henry Building;, 703 llnllrt<-rM' Exchange*
Seattle,^Va»Blugrton./;: Winnipeg, Manitoba, Cunadn
LINCOLN STOCK & BOND COMPANY v^
040 Slarbrldffe IlldK-, Herald Square, ■ 1430 Real Estate " Traat ' Bafldlne,
'. - New York City. . Pailadrlpbla, I'ennaytvaala.
. ■ ■■- INITOKMAIION API'I.ICATIO-N ' ' •
■■" 'Lincoln Mortßasre* Loan Company '/
„ 166 Geary St., Ban Kranclsco, Cal.«' '.:. ■■■- ~"i
Please send me the latest information In regard to the CALIFORNIA
CONSOL.IDATED OIL. COMPANY V
Name ;.... i..".v.
■ * ' .• ;. j a.ti'Jr^ * . ********* *,** ••••■•••
no available fuel of satisfactory quality.
The coal that is produced docs not at
all compare with the best eastern.
Welsh, or Australian coals, and the cont
Is materially highor. Heroin lies the
reason for the great success of. and de
mand for, California oil. For the gen
eratlon of steam it is the fuel par ex
cellence, being In every way wore dc
■lrablo than coal. ' -
"It is now among the near possibili
ties that natural gas. a product of oil.
will be piped from, the Midway llel.l
through the Sacramento and San Joa
qnln valleys and to southern California.
If this is accomplished we shall bo
burning gas In place of coal In our
homes, and gas will probably largely
supplant oil for stationary power plants
and will be used directly for illuminat
ing in place of the gas now made from
oil. "What quantity of oil will be dis
placed by this evolution I am unable to
say, but it will not materially affect the
oil industry, as gas can not be ex
ported nor can it be used on ships and
locomotives. That this development
may come is almost a certainty, as the
Standard gas well in Midway is said to
be one of the greatest wells in the-
United States, and where such, a tre
mendous well exists is it not reason
able to expect a Qeld commensurate in