Los Angeles herald. [microfilm reel], January 06, 1910, Page 13, Image 13

About Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911

Image provided by: University of California, Riverside; Riverside, CA

                
News of the Mines and Oil Fields
COPPER OUTPUT SURPASSES
ALL PRECEDING RECORDS
Government Estimates Production for Year More Than
One Billion Pounds—Arizona Still Holds Second
Place—California and Nevada Show Increase *
STATISTICS and estimates received
by the Untted States Geological
survey from all plants known to
produce blister copper from domestic
oies and from all lake mines indicate
that the coppar output from mines in
the United States in 10u9 surpassed all
previous records.
The figures, which have been collect
< d by B. S. Butlea of the survey, rep
resent the actual production of each
company for eleven months and include
an estimate of its December output.
The November figures for a few com
panies were not available and these
companies furnished estimates for the
hist two months of the year. Accord
ing to the statistics and estimates re
ceived the output of blister and lake
copper was 1,117,8U0,000 pounds, as
against 942,570,721 pounds In 1908, an i
lncreaea of over is per cent This not'
only exceeds the Increase of any great
er year, but it Is considerably greater
than the total yearly Increase sinco
1904.
It Is impossible now to give figures
that represent accurately the distribu
tion of tho output ainons the, states
of orgin, bu> a few-general statements
may be positively made concerning the
leading copper-producing states. Mon
tana shows a largo increase, again
taking first rank, a place lost to Ari
zona in 1907. The production in Mon
tana will naarly equal or will possibly
exceed the state's previous record out
put, 314,750,000 pounds, made in 1905.
Arizona holds second place, with a
slight increase over the 288,523,000
pounds produced in 1908. Michigan al
. ceeded the 1908 production, 222,
--259.0C0 pounds. Large gains were made
by Utah and Nevada, and California
also increased its output considerably.
Output of Refined Copper
Statistics showing the output of re
fined copper by plants In the United
States are not now collected by the
geological survey. Figures published
by the Copper Producers''association
indicate that the production of market
able copper from all sources, domestic
iind foreign, for the first eleven months
of lUO9 will exceed 1,400,000,000, as
against 1,161,176,085 pounds in 1908.
Statistics showing domestic deliveries
lor the flrst eleven months of the year,
a.-) given by the Copper Producers' as
sociation, indicate a consumption of
copper In the United States consider
ably greater than the previous record
consumption—6B2,ooo,ooo pounds, in 1906.
Estimates based on figures for the
first eleven months, published by the
bureau of statistics and also by the
Copper Producers' association, indicate
.mil the exports of copper will sur
pass by several million pounds the ex
ports for 1908—661,876,127 pounds.
According to the bureau of statis
tics, imports of pigs, bans, ingots,
plates and old copper for the first
eleven months amounted to 213,100,281
i'ounds, and the copper content of ore
matte and regulus imported amounted
to 74,708,482 pounds. If the imports for
December were equal to the average
monthly import for the first eleven
months the amount of copper entering
the United States for the year was
about 311,800,000 pounds, as against
218,705,487 pounds in 1908.
Accumulation In Stocks
Stocks of refined copper in the United
States show a considerable increase
over those of January 1, 1909, but the
accumulation occurred for the most
I'art during the flrst half of the year.
European stocks, however, have in
! eased rather uniformly throughout
le year and at the close were prob
bly nearly double those, of January
1909. The price of copper has re
latned close to 13 cents throughout
le year, the average monthly New
ork quotation for electrolytic cop
er being a little undor 13 cents.
Mine development has been active in
)ost of the Important camps, but as
scially so in the deposits of dlsseml
ated ore in Arizona and Nevada. The
Ines and the smeltera of the country
ie now in position to make the
iitput of 1910 larger than that of 190!).
I many factors, however, enter into
le determination of the output that
Ly forecast of production of the com-
X year made at this time would be
■ hout value.
tVEY ESTIMATES HEAVY
INCREASE IN REFINED LEAD
(HI n!res showing the production of
Beil lead in 1909, compiled without
■■■Bete by C. F. Siebenthal of the
|^^^»»^ri States geological survey from
SB Its and estimates made by the de-
R^ ■ J-izers and soft-lead smelters, are
EgPt ■**=veil to show approximately the ac
y.,*', fdl Output within 1 per cent. Figures
jT-y knowing the imports and exports wore
(fi obtained from the records of the bu
ki reau of statistics for the first eleven
months of the year, and to these have
■ been added estimates for December.
The total production of refined load,
desilverized and soft, from domestic
and foreign ores in 1903 was approxi
mately 444,363 short tons, worth at the
average New York price $38,215,000, as
compared to a production of 396,433 tons
in 1908 and 414,189 tons in 1907. These
figures do not include an estimated out
put of 12,860 tons of antimonial lead,
us against 13,629 tons in 1908 and 9910
■ tons in 1907. • Of the total production,
desilverized lead of domestic origin,
exclusive of desilverized soft lead, is
estimated at 209,698 tons, as against
167,790 tons in 1908; and desilverized
lead of foreiffn origin comprised 87,379
tons, compared to 97.761 tons in 1908.
The production of soft lead from Mis
sissippi valley ores Is estimated at
147.286 tons, as compared with 130.882
tons in 1908 and 129,607 tons in 1907.
Missouri apparently retained first place
among the lead-producing states.
Imports Gradually Grow
There was a slight Increase In the
Imports of lead In ore and base bullion,
which amounted to 113.467 tons, val'Xd
:it $4,210,829. as compared to 100,"87
tons In 1908 Of the 1909 imports, 102,
--."00 tons, or 90 per cent, came from Mex
ico. The Imports of refined lead in
ireused slightly, being 3588 tons, with
a value of $-30,956, against* 2759 tons
in 1908. The exports of foreign lead
(lead of foreign origin smelted or re
fined in the United States) show an
increase of 18 per cent, being 88,794
tons, valued at $3,221,R36, compared tn
B7 tons ili 1908. The exports of
lead manufactures decreased ."lightly,
having a value of about $530,000, as
compared to $599,640 in 1908.
The pi' ••"• of lead started in January
with an Rverav* of 4.2 cents per pound,
felling in March to the minimum for
JAMES WYNKOOP
the year, 3.95 cents per pound, then
rising slowly to the close of tho year.
The average New York price for the
year was 4.3 cents per pound.
ZINC INDUSTRY EVIDENCES
GROWTH BEYOND THE SUPPLY
A statement just issued by the Unit
ed States geological surVey shows that
the zinc industry in 190 l» had a year
of unexampled expansion. Not only
was the largest output of spelter ever
made In the United States almost com
pletely absorbed by the market, but
the Imports of spelter wore much
larger than over before. Local ac
counts Indicate a record breaking pro
duction of zinc ores in the Joplin and
j upper Mississippi valley regions and
I from the Franklin furnace mines of
New Jersey.
The following figures have been com
piled without change by C. E. Sieben
thal of the geological survoy from re
ports furnished by all operating zinc
smelters, showing their output for
the first eleven months of the year and
their estimated production In Decem
ber, and are confidently believed t,. be
within 1 per cent of the actual output.
Figures showing the imports and ex
ports were obtained from the records
of the bureau of statistics, likewise
with estimates for December.
The production of primary spelter
from domestic ore In 1909 is estimated
at 241,842 short tons, and .from foreign
ore at :6,373 tons, a total of 268,215
tons, worth at the average price $28,
--867,220, as compared to 210,424 tons In
1908 and 219,"560 tons in 1907. The pro
duction of spelter from both domestic
and foreign ores, apportioned accord
ing to the states in which smelted,
was approximately as follows: Illi
nois, 76,486 tons In 1909, as compared
to 50,244 tons in 190S; Kansas, 104,00.
tons in 1909 and 99,298 in 1D0S; Mis
souri, 8,479 tons In 1909 and 10.201 In
1908- Oklahoma, 25.521 tons in 1909 and
14.564 tons in 1908; eastern, W«Stettj
and southern states, 50,422 tuns in WOO
and 35,817 tons in 1908. The total pro
duction of spelter is equfvalent to the
output of 56,112 retorts operating con
tinuously through the year, or 60 per
cent of the total smelting capacity.
Mexico Sends Zinc
The imports of zinc ore e*ceed<>a all
records, being approximately U6-l<<»
short tons, valued at $1,381,836. Of thia
amount 91 per cent, or 105,600 tons, was
from Mexico, more than double the
quantity imported in 1908, which was
r,3,757 tons, and even more than the
quantity imported in 1907, which_was
103,117 tons. The exportß of zinc ore
show a decrease, being 12,456 short
tons, worth $412,300, compared to 26.108
tons in 1908. The Imports of spelter
show a remarkable Increase, being ap
proximately 10,961 short tons worth
$947,196, compared to 881 tons in 1908.
The exports of spelter fell off slightly,
being ?487 tons, as against 2648 tons in
1908. The exports of zinc dross were
7306 tons, valued at $494,158, compared
to 8405 tons in 1908.
The apparent consumption of spelter
in 1909 may be calculated as follows:
The sum of the stock on hand at the
smelters at the beginning of the year
19 622 tons, plus the imports, 10,961
tons, and the production, 268,215 tons
gives th« total available supply, 298,(98
tons. From this there is to be sub
tracted the exports, 2487 tons, and the
stock on hand at the smelters at the
close of the year—to be exact, on hand
December 15—10,546 tons, a total ol
13 033 tons, leaving a balance of Zs^' 1"
tons as the apparent consumption. This
calculation takes no account of the
stocks of spelter held by dealers lot
speculative purposes. On compering
the consumption in 1909 with the 81V;
401 tons in 1908, the 228,524 tons in 1907
and the 220,781 tons In 1906, It seems
probable that considerable stocks are
held by dealers.
Spelter opened at St. Louis In Janu
ary at 5 cents a pound, but dropped
to '4.52 cents a pound late in February.
A gradual rise carried prices up to
627 cents near the close of the year.
The average St. I.ouis price of prime
western spelter for the year was 5.4
cents a. pound.
TUNGSTEN PRODUCTION RUNS
ALMOST TWO THOUSAND TONS
The production In the United States
in 1909 of tungsten concentrates reck
oned at 60 per cent of tungstic trioxide
was 1958 short tons, valued at $746,130,
according to figures compiled by F. L.
Hess of the United States geological'
survey from returns received from pro
ducers. These figures represent the
exact production for the first eleven
months of the- year plus the estimated
production in December. Of this
amount Boulder county, Colo., produced
1401 tons, valued at $550,280. |
In 1908 the total production was 671
short tons, valued at $229,955, and there
was therefore an increase in 1909 of
1257 tons In output and of $516,175 In
value, or about 200 per cent. Although I
it is difficult to make exact comparisons
of production for different years owing
to the fact that before 1906 no effort
was made to estimate the ores at a
common degree of concentration, yet,
the tonnage of 1909 was the largest yet
recorded and the vulue of the product
was exceeded only by that of 1907,
whirh was $890,048.
The average price to the unit for tho
whole amount produced in the United
States in 1909 was $6.50. In the early
part of 1907 the price was $14, but it
dropped to $9, and later to $5, and was
still lower for most of 19US.
QUICKSILVER RATIO WOULD
INDICATE HIGHER PRICES
Statistics collected by 11. D. Me- !
Caskeyof the United States geologi- j
cal survey from the producers showl
that the total production of quicksilver
in the United State/! in 1909 was 20,- i
425 flasks of 75 pounds each, valued,
at the average New York price in
1909—546.17 a flask at $943,022 These I
figures represent exactly the produc- !
tion for the first evelen months of i
1903 plus the estimated production for.
December. A comparison of these fig- I
ures with those given by the survey
for 1908—19,752 flasks, valued at $824,
--146—shows an increase for 1909 of only
673 flasks, but an Increase in value of
$188,876. Tho survey's value for l:n
was based on prices given by proiluc
c'lH, Imwiivi:!', ami not on the average
New York price, so that a better idea
of relatilve values for both years as
determined by the average New York
LOS ANGELES HERALD: THURSDAY MOKXIXd, .lAM'AKY fi, 1010.
price. Sinco this price a flask In 1908
sli.vl. the value for 190S, thus
computed, would be $885,680, and {in
Increase in value of the quicksilver
production of 1909 over that of 1908
would be $r,7,342.
Prices have steadily risen during the
last three years, and unless produc
tion should greatly Increase will prob
ably remain fairly attractive to pro
ducers that are operating at reasonably
low costs. In 1907 the average prices
a flask for quicksilver were, for New
York, $.i.sO;' for San Francisco domes
tic, $39.60; and for San Francisco ex
port, $38.17. In 1908 these prices rose,
respectively, to $44.84, $44.17, and $42.01.
In IDO9 the corresponding prices roao
further, to $16.17, $45.33 and $43.33.
Imports Are Small
Figures showing the imports in
are not yet available, but they i
I probably insignificant, as they have
! been for several years past. The ex
ports, however, as shown by exact fis-
Uras obtained from the bureau of sta
tistics for the first eleven month?, and
by an estimate for December, mate
rially increased In 1908. The exports
in 1009 were 6'JOO flasks, valued at J2DB,-
D 72. The corresponding figures (or L9OB
were 2996 flasks, valued at 1124,960,
those for 1907 were 0132 flaskf, valued
at $192,094.
The production by stat. | ;! de
crease in California from 16,984 Basks
i in 190S to 15,700 flasks in 1909; an in
crease in Texas from 2832 flasks in
j 1008 to 3925 flasks in 1909; anil an in
!!■■ isc in combined output from Ne
vada and Oregon from 346 flasks In
' 1908 to 800 flasks in 1909. In L 909, for
the flrst time in many years, there
| was a small production in Nevada,
but no production was reported from
j either Arizona or Utah;
OIL BILL AMENDMENT
REMOVES OBJECTIONS
BAKERSFIELD, Jan. 5.—A letter
from Congressman Smith says an
amendment of the general tenor of the
following will be proposed to his oil
land bill which is now in the public
lands committee. The purpose of the
amendment is to protect those uno
were engaged in good faith in drilling
for oil on claims, but who had not yel
made a discovery at the time the recent
withdrawal order was made by the sec
retary of the interior. The amendment
will follow section 9 and will read about
as follows:
"Provided, that individuals, associa
tions or corporations qualified to locate
and enter public lands under the min
ing laws of the United States, who at
the time of executive withdrawals of
lands classllled or claimed as oil wore
in the bona fide possession of portions
of such public lands and had been
actually engaged in boring or drilling
for oil or asphaltum, but who had made
no discovery thereof, may at any time
within six months from the date of this
act obtain the preference right to file
hereunder a declaration of claim as
provided in section 2 hereof for not ex
ceeding 160 acres of the land upon
which such improvements are located
by submitting with such declaration
satisfactory evidence, in such form and
manner a3 may be prescribed by the
secretary of the interior, showing that
he, they or It were in the bona fide
possession of the land, had Improve
ments thereon, and were actually en
gaged in boring or drilling for oil at
the date of the withdrawal, or had
been so engaged previous thereto and
who had not disposed of such works."
In cases where oil was struck before
the withdrawal order was made the
land, of course, can be patented under
the general mining laws. The amend
dent does not protect anyone who goes
on government land and begins drilling
subsequent to the withdrawal order.
THINKS PRESENT YEAR
WILL SEE DOLLAR OIL
In a'letter to C. H. Tobey, with Burr
Bros., from their Coalinga represen
tative yesterday ho says:
"I understand that the Associated
Oil company will be very glad to con
tinue taking oil from the Independent
producers through this month, carry
ing them in this way until the ter
minal facilities of' the Independent
pipe line are completed. They are glad
to do this, for they apparently want
all the oil they can get at 63 cents.
"I noticed in going through the field
that they are taking oil from every
body else, but on their own properties
are holding their sump holes and ros
ervolrs full. I asked one of the most
prominent and best posted operators
In the field yesterday what price we
could lock for for our oil during 1910,
and he said without any hesitation
whatever, 'One dollar.' "
BOASTS LONGEST STRING
BAKERSFIELD, Jan: .s.—The Pio
neer Midway, of which Ben Stroud i.
--i superintendent, has the longest string
'of casing in the West Bide field, the
string being 1320 feet. As yet no water
has been encountered, and it is expect
ed that the oil sand will be reached
within the next 200 feet. The St. Law
rence, adjoining, which well was
brought in a few weeks since, Is yield
j ing steadily and is doing fully 500 bar
-1 rels a day.
. «-«-»
WEATHER PREVENTS EXCURSION
; BAKERSFIELD, Jan. 5.— T. . V.
1 Doub, secretary of the California stock
and oil exchange of San Francisco, in
liakersfipld on business; says the pro
posed excursion of oil and business
■ men from the Bay city will not take
i place this month. The matter was
brought up at a recent meeting, and It
was decided to wait until more set
tled weather insures good roads and a
satisfactory trip.
It is likel" that the excursion will
run either in February or March. It
is pretty certain that it will come
I some time this spring.
— . , « . » „,.,—.
META.. MARKET
NEW YORK, Jan. s.—The market for stand
ard copper was dull today, no sales being
1 reported. Spot and all deliveries up to the
I »nd of April closed at $13 K913.M Lake,
$18.75f9'14; electrolytic. *13.60@18.75; casting.
$13.25^3.50. London market, steady, epot, £61
11s 3d; futures. £63 10 i.
, Tin—Quiet hut firm and higher on the
strength abroad. Spot, K3.sr.STB3 30; January.
SS3 1 ■■: .-. "1 30: February. J"5.12i,~533.35; and
March and April, «3.12\K?53.40.
There was a big advance In London; spot
closed £ISI 7» dd and futures I."/. 1 15s.
■ Load—Quiet: ' pnt, $4.6"»ira4.72!j New York,
. and $1.65 nsked East St. I.Mils. The English
market was higher at SIS til 9<i.
i Spelter—Easy; spot, $6. W8.25 New York,
. end $6.07' i East St. Louts, London unchanged.
| Iron was higher at 61s 3d for Cleveland war
rants In London. Locally unchanged.
PRICES OF METALS
IN NEW YORK MARKET
NIiVV YORK, Jan. s.— Oopnwr, ilull; •
• lUadard ipal t" March, «i:<. >!.i@l:i.i;ii. •
.. I.rail. »l.«B!.i@l.K'/i.
.. silver, .vj->4.
EAGLE OIL WELL
INCREASES FLOW
STARTS NEW YEAR WITH 1000
BARRELS
DEEPENING OF HOLE BRINGS
WONDROUS RESULTS
Producer Included in Recent Pur.
chase by Clarence Berry for $350,.
000—United Oil Well Experi.
ences Strange Pressure
The recently acquired property of the |
Midway Crude Oil company, now known
as the Kagle Oil company, operating In
the -Midway field, has a 1000-barrel weUj
with which to start the new year, ao
oording to a report in Los Angeles yes
terday.
Clarence Berry and associates bought i
the property located in section 31 jbuut j
three weeks ago, paying approximately,
}350,000 for it and reorganizing under
the name of the Kasle Oil company.
Yii-> wall on the. property, then down
a depth of about 1900 (eat, was deep-1
ened another 100 feet, where an alter-!
nate flow of about 1000 barrels was on-!
countered. Before tue well was deep
ened It had a flowing capacity of lull
barrels.
Drillers are still going down in the
well and big things are expected by i
the management. This well is located
SOO foot from the famous Santa Fe'
gusher in section 6. Clarence Berry
was at the well when it began to flow
with its new capacity, but has since
returned to Los Angeles.
The United Oil company's well, lo
cated only a few feet from the Santa
usher was, according to report re
ceived by the management yesterday,
down a depth of 1310 feet. It is laid
there is so much gas in tho well that .
persons on the surface can hear it roar, j
and there is a favorable, showing of
light oil.
Ninety feet are yet to be drilled be
.fore the well reaches the oil-sand.
stratum of the Santa Fe gusher. It la
expected that this depth will be reached
by the end of this week.
Rxcltement Is running high among
Uie directors and stockholders in t'.ie
company. Several of the mont prom
inent left last night for the property, |
to be on hand when the well finally
reaches the destined stratum. In the
party are L. C. Torrence, C. F. Whit
tier, C. P. Campbell and E. D. Mor
rison.
Tho United Oil company has received
at the works the remainder of its der
rick material and machinery, this last
consignment consisting of eight car
loads.
ACTIVITY DOMINATES
IN DRAGOON COUNTRY
TUCSON, Jan. s.—Ernest Stroud,
president of the Arizona A Cleveland
Mining company, in the Johnson dis
trict, says recent assays made from his
property have been heavy in silver
and lead, and it is the opinion of old
miners that eventually the ore will
change to copper.
As to the news of the district, Mr.
StiouJ says Dunbar & Can are doing
the assessment work on their property.
Ben X. Williams has the contract for
this work. The Texas company In
which Mr. Williams is interested will
soon begin work on Its property,
which lies adjacent to the Arizona &
Cleveland.
Over the Centurion property Man
ager Richardson is busy with two
crews sinking and drifting and hoist
ing some ore. The management la
aiming to block out and determine how
much of a body of ore they have, and
iso far but little ore has been brought
up. This property is noted for its
beautiful carbonate ores, samples ex
hibited at the late territorial fair
eclipsing anything of the kind ever
shown there.
Work is being done on the main
shaft on the Arizona Minus and Ship
ping company's ground. It is under
stood that this company will be activo
during this year. The property which
is known as the Neale claims has made
sumo excellont showings.
To the west the Empire people aro
sinking steadily, and while ihowlnge
have been good in the past on this
property the depth so far attained in
the main shaft has clearly demon
strated to the management that they
have good ground and establishes a
confidence that they will be producing
before the year is out.
The railroad company is running a
mixed train, making one round trip a
day to Johnson and return.
There are no idle men at Dragoon,
everybody being busy.
COURT OPINION FAVORS
STOCKHOLDERS IN MINES
GOLDFIELD, Jan. s.—Judge Theron
Stevens has written an opinion that
will go down in tlie annals of Nevada
as another proof of the fact that Ne
vada courts will not stand lor any
thing but a "square deal" in treating
with stockholders. In the case in
question all parties Involved nviv from
■the east, and the action of thu rep
agent of the stockholders who came
to Goldfield from Norristown, P.i., It
treated with a scalpel that lays open
the vhole ugly sore of the deal by
which an emissary holding confidential
relations acted in a dual capacity to
aciuire possession of a valuabla I
The title of the suit la Wood-SulU
van company vs. Consolidated Jumbo
Alining and Leasing company and
others based on a writ of attachment.
In reviewing the proceedings the court
indulges in come severe strictures
Patch & Carney represented the
plaintiff*.
COMPLETES SURVEY OF
DEVIL'S DEM. OIL FIELD
Civil Engineer C. C. Van Vulken*
burgh has corripleWd the survey of the
now townslte of Devil's Den, In section
18,1 25-19, and Is now busily engaged
preparing the map, which is to be filed
with the supervisors of Kern county,
says the Coallnga Oil Record.
The townsite la located about eight
miles southwest of Dudley, In a val
ley between the Kettleman Hills and
the gap through which Avenal creek
issues, It is about a mile north of
the scene of the Pluto company's op
erations and is the center of opera*
tions of the Cosmo, Walker and other
companies in the district.
OIL, THE MONEY-MAKER
The history of California Oil is a record of unrivaled achievement and unlimited
possibilities. There is no way to judge the future except by the past. The past of
California Oil is phenomenal from a money-making standpoint and the future will
unquestionably be even more so.
OIL PAYS ENORMOUS DIVIDENDS
Investments in California oil production, transportation, storage and refining are estimated to
exceed 150 million dollars, About 2500 miles of pipe lines have been constructed in transport--,
ing California oil and new lines are being laid. Over SO oil refineries with an aggregate ca
pacity of about 10 million barrels annually are In operation, and a fleet of nearly 60 tank snips
with a carrying capacity of about 3 million gallons Is engaged in transporting the product.
Foreign contracts held by California oil producers amount to about 50 million barrels.
. WHAT DOES THIS MEAN?
Simply that a stream of golden wealth is flowing steadily from beneath the earth's crust to
enrich the fortunate owners of California oil stocks. With advancing prices for oil and in
creasing production the dividends to be paid by California oil companies will astonish the In
vesting world. If you hold a stock certificate in a good, well managed oil company you are to
be congratulated. YOUR INVESTMENT IS UNDOUBTEDLY SAFE AND TOUR PROFITS
WILL BE ENORMOUS.
fWHY A BUSINESS AND PROFESSIONAL MAN IS
PRESIDENT OF THE CROWN OIL COMPANY
TO THE I'llll.lC:
As a professional and business man of T/O.i Angeles 1 became a stock
holder and president of the Crown Oil Company because I ant acquaint
ed with the business ability and integrity of my associates.
I have made a number of vl.lts lo the company's property In Ventnra
county. I went carefully over the 380 acres of oil land and I walked
across and along several layers of oil sand which outcrop at the surface.
I also visit many of the wells adjoining the property. Some of these
wells, 1 understand, have been pumping; a Hunt oil for nearly 80 years and
w.'ien llr-l drilled produced from 100 to 250 barrels daily.
Considering the location of the a/round, where oil should be found
at ■hallow depth, with Itowiuic water for camp and drilling purposes, with
transportation pipe lines already constructed, I see no reason why the
Crown Oil Company should not develop into a splendid dividend com-
If I was not fully convinced of the (success of the company I wonld not
be Identified with it, neither would I put my money Into stock In the en
terprise. Knowing the management and having visited the property, I
recommend the purchase of CROWN oik stock to all.
Jours sincerely.
Now—TODAY—is the time to invest In oil stocks. A "boom" is on. Stocks will go to a
high price and dividends will be even, larger than in the past. Choose wall, however, before
you make an Investment, but choose quickly. Investigate-carefully and thoroughly the merits
of the company, management and property. If you buy stock in a new company with mod
erate capitalization and managed by practical oil men your stock should bo very valuable and
give you a source of permanent profits.
CROWN OIL STOCK POPULAR
The Crown Oil company controls 320 acres of land in Ventura county, California— the home of
light oil, shallow drilling and high prices for the oil, ranging from SI to $1.50 a barrel. The
company is composed of practical oil men and has a moderate capitalization with no promo
tion stock or bonded indebtedness. EVERY SHARE OF STOCK IS MADE NON-ASSESS
\IiLE UNDER ARIZONA LAWS. We have for Immediate neighbors the Brownstona, Los
Angeles, Kcnluck and Ivers wells. Some of these wells have been pumping a light, refining
oil for 20 years and are pumping today. To the south of us is the Bardsdale group of 40 or 50
wells. To the east are the Fortuna, Sunset, Modello and Four Fork wells, while to the west
and north we have the Big Seppe group. No property in Ventura county is better . located.
No company recently organized has more assurance of success.
-CROWN OIL STOCK 7a PER SHARE
We are offering only 50,000 shares at 7c per share cash, 8c per share on the payment plan. If
in doubt about our company or property, reserve a few hundred or a few thousand shares of
our stock and pay for it when your doubt has been removed. Send for our printed matter and
maps, showing location of our property. Mail your orders promptly.
~E= n CROWN OIL co.
Los Angeles.
Gentlemen: Reserve forme —
shares of the Crown Oil Company lit 7c. _———————^— ——————
per share until 1 investigate fully. Send 620-622 LAUGHLIN BUILDING
me printed matter. 620-622 LAUGHLIN BUILDING
,Ad!L." ■'.'.'.''.'.'.'■'■'■ ■■•••■•'••:' •'•'•'■*'(«] Los Angeles, California
MINING QbOTATIONS
NEVADA STOCKS
Exclusive dispatch to The HeraU. by I*. A.
Crisler & Co., members Los Angeles Stock
exchange, £00-201 1. W. llellman building, Los
Angeles.
SAN FRANCISCO. Jan. s.—Nevada mining
stocks, chiefly the Goltlnelds, opened with a
llrm tone in Bush street this morning, but
trailing */aa light and purely professional.
Florence was in fair demand and moved up
5 points. Consolidated, Fraction, Daisy and
Jumbo Extension remained unchanged.
In the Tonopah list ?'•-*U was bid for Tono
pah Mining, dividend pit.
Few changes were noted in the outside dis
tricts, and trading was dull.
Following are the closing quotations:
QOLDFIELD DISTRICT
Bid. Ask. Bid.' Ask.
Adams 1 Kit Bend .... 3 4
Atlanta 10 11 Qt Bd An .. .. l
Booth 10 31 Grandma .... 1 i
U B Ex 1 Jumbo Ex .. 13 II
11 Bull 3 ' 4 Kendall ■>
I: Bell 1 - Lone Star .. .. -
Col Mm .... 3 5 Lou Dillon .. .. 2
Conqueror .... 3 Mill Frao .. .. 2
Com Frac .. 40 41 Moh Ex 2
Crackerjack.. 1 - Net Gold -
Daisy 5 10 Oro 2 I
Triangle i Bed Top Ex. l 2
DUB Con.. .. 1 Red Hills ..2 .3
Dixie 1 Sandstorm 4
Empire 1 St Ives 6 8
Florence ....265 270 81l Pick .... S a
Flor Ex .... .. 1 Vernal 1
I'r Moh .... 2 5 Yel Rose 2
Gold Con ..785 7UO Tel Tiger .... 0 :>
Kewanaa ... t> 7 ] •
TONOPAH DISTRICT
Bid. Ask. | Bid. Ask.
Belmont .... IX ... IN Star 2
Jim Butler., a 10 Res, Con I
Midway ...... 22 [Ton Mm „,.650
Montana — M 83 ITon Ex — on
MacNamara -7 5 |\V'En<l Con.. 23 21
BULLFUOQ DISTRICT
Bid: Ask. | Eld. Ask.
Amethyst .. .. 2 |Mont Mtn ... 2 'i
null Mln •'! iMayfl Con ..2 3
Bull N Bk.. 1 - Or Bullfrog.. .. 1
Bon Clare .. 10 12 Tramp Con .. 4
Gold Scept.. 1 Yank Girl .... 2
Home King. .. 1 Val View ..1 3
Hont 8b lix. .. 1
.MANHATTAN DISTRICT
Bid. Ask.. Bid. Ask.
Little Gray.. 1 ... Mustang 2
Man Con .. - 4 :• v\ Humph. .. 1
Man Mln .. .. 1 Thanksgiving 2
Man Dcx ..2 4 |
OTHER DISTRICTS
Bid. Ask. Bid, Ask.
Eagles Nest. .. 5 ruts Sil Pk. 6.") 90
Nev Eagle .. 12 14 Rnd Mtn .... 60
Nev Hills .... 75 Coalition .... 10
SALT LAKE MINES
Special service to Tho Herald by J. C.
Wilson, 212 West Fifth street, Los AMties,
member Stock and Bond exchange of San
Francisco, and eastern exchanges.
SALT LAKE CITY, Jan. 6.—The following
were closing quotations today:
Bid. Ask. Bid. Ask.
Ajax 33 ... Mas Val ..'.MO 212'j
Beck Tun .. .. 16 May Day .. V>\i 2014
Black Jack..lll4 12H Mm Flat .... 1
Bos Cons ..2100 ... Mtn Lake .. i; I
Carlsa 69 ... Nev Hills" .. eS 87
Colorado .... 79 SO NewhOM ...3J'> 150
Col Con .115 ISO New Yolk .. 15 U',«
Con Mer .. .. US Ohio Copper.. stis
Cr Point .... « Hi Sil Shield .... 6
ID Judge ....315 350 7 Troughs .. '.''_■ 13
r. &II Bell.. 70 ... Sil X Coa ..3M 867'^
Fi Tint Dev., 7 7% Sioux Con .. 31 33
I-. Cr Point.. \ l'/j s Cols Con.. it
E Tint Con.. 1 2 Tint Cent „ 8!. '■•
O Central ..2K 232>i Uncle Sam .. 43 43 ]
Iron Bios .. 75 7ti 1" Con of T.. E'i B
Iron King .. 13 ... Victoria 182' i
Ut Bell ..IBS ■■■ Vlutor Con .6 ii
Lit Chief .. 95 ... Yarlk Con .. .. 15
Low Ham .. M 51 Terr Copper.. 4'-i ...
Majostlo .... 90 110 [ny Gold M.. 6 ...
Oil 10714 no I'rlnoe Cons.. 99 105
Provo 6% 7U ,
BOSTON MINING STOCKS
Special service to The Herald by .1. O. Wll
con, 212 West Fifth street, loa Angeles.
BOSTON, Jan. s.—la the local list North
Butto was the weakest feature, making a new
$1,000,000 in- Dividends in December
Over this amount was paid M stockholders in California oil companies. Do you hold
any of those stocks? Ale you getting your share of these splendid dividends each
month? If nut, why not investigate our proposition, for we an sure we oan point
out to you absolutely the best opportunity to make a modest investment bring you
big returns that has ever been offered in the California oil fields.
This stock is the Initial ground floor offering of a company operating in ab
solutely proven territory In Coal'nga. This property Is owned outright. Bmau.
capitalization, no promotion stock, shallow, easy drilling, but Wells run from 100
to 400 barrels, owing to extremely prolific nature of underlying sands. Cnoioest
piece of undeveloped shallow property In entire state of California. mmmmmm
Call at our ofllce. 614 Herman W. Hellman Building, and we
will give you all the particulars of this, showing you maps, ,
photos, etc., and if you desire, arrange (or a free trip _«,*««
fur you to Coallnsa to see the property. If you can- •="<> »>•L "*a
\nct catl, ail out and mail the coupon attached with- V^ «™ck
"nOTB—To every O»« »»n4in« to tfeil OOU- >^ referred to above and
z£?JB or Si& z y<J^A3!R£3r&
publication "seourltiL." which Is y^ without any oblation whatever
illlerl with photos of the oil on my part.
tields and valuable inform*- >^
.mi about California oil. "/^ ™! .••••.
BL-RIC BROTHKRS. INC., >^
014 Herman W. Hellmau Bid*.,^ Address
LOS ANGELES. * v -
: m price at 46 and closing at the bottom.
Stop orders wero caught on the way down and
this increased the volume of selling. The
weakness in Amalgamated was responsible (or
most of the Belling In coppers, and the move
ment may extend a tow points further. The
shutdown of all the utte mines is a strong
bull point as far as the metal situation Is con
cerned, but is discouraging to the holders of
the Butte stocks. With the present plans on
foot we do not look for any considerable re
nctlors ami would certainly buy the good cop
pen on any further break, especially Copper
Range, Amalgamated, Anaconda, Shannon,
Gremo Cananna and Olroux.
Hid. Ask. Bid, Ask-
Am rneu ... 1M 1% Miami • ijj »Vi
do M .... *>'.» *Hi Michigan .... 7 <'j
Adventure .. t% «i Mohawk .... Ts'l 67, i
Mlouca 56 ... Nev Cons .. MM ■> =
Atlantis .... 10 IS N Cutto .... « 46%
Arcadian ... 8 3'i Old Domln.. B3',j SHi|
Ariz Com .. .-: ; Osceola Ml IJJ ;
,\pex -Mi 4Ts Parrot W .MVj
iO. Cons .. 21.i MM Qulncy 87 89
Butte Ooa .. :7>i 28 Santa T» .... 2H |*
Oil •£ Az ...Wri lOJ Shannon — lii <• <
l\il .v Hec..670 673 Shoo Mach... 6S»i 98«
Centennial .. 37 ... do pfd ... » 50J4
Cons Mer .. 15 16 Sup Cop .... t&i Bill!
Cop Range.. S3 S3ti Sup & Bos., 1514 ;»»
-orbln a", 22% Sup £ Pitts.. 16 WV4
11 West .... B>i 9 Swift lOS'.i Wi
;■ Butto .... 114 12% Tamarack ... M ">:
Elm River .. i'» l!i Trinity lO'.i W%
Franklin .... 17 8 IS Un Copper... Hi i\»
3ranby IW'.i 111 ':" Fruit ....167 168
Jr Canan ... 11' 1 UHlt) 8 Smelt.. KM K,%
Hancock .... »Ui 82 do pfd .... 53 M,4
lilt Royale.. 27Vi Utah Cons... 43 4514
Keowenaw .. 5 S>4 Victoria 4*i 6
Lake 7D 70UWtnona 12>,i 12' i
La B»lle .... WVi 16»;| Wolverine ...147 i'
Mass Cop ■• 5 SUlWyandot .... 814 -\
Mayflower •■ to 125 I
Mrx Cons •■ 4*i 5 I
' NEW YORK CURB
Special 'service to Thu Herald by ]. C. Wil
■on, 212 West Fifth street, Lost Angeles.
NEW YORK, Jan. 8 — Following we th»
cloiitifl quotations today; .
nil. Ask. Bid". Ask
Am Tl> cip.423 Hi 'itrouit lIV 4 lift
11 8 Gas '.. Si %» Kin- Lake .. 10J, l"ti
Chi Sub 4.: i% [,« ><.•.-. .... -ss. 0
11,.- To* ..6 8 Miami ... £^» ESVi
do pfd .... li> 20 M Co of A.. 43 60
Man 'iran •■ Si -". n.-v Cons „ aii'iH SC.i
Stand OH ..Kii.i 001 Nev Utah „ I•< IV.
0 lit ltac 21 31 Nlplsslilg .... If,, l/»
Boa Cons .. ;!''■ si Ohio Copper,, 6. r'.-i
Urit Cop .. t\ >:% Cent „ 814 3%i
Hurt Mm .. SHJ 3', HiiV Cons .. esu M
Butte Goa, ... 21.% J8 Tonopah tiTi TH
Cum Ely .... II 10 Un Cupper .. «-, »%
D Daly .... 4' a 4?t Vulc.n r, 6
Dolores 7', ?4| [napiratloq „ '»ij 974
Gold Cons .. 7', r'a Mason Val .. 2 21;
Hold Flor .. Mi I Newhouse ... 3'i 4
dm Canan .. U»« U'-jßly Cent .... : 'i Ml
Kly On» .... 80 85 ,
■ ■ ■»>»... v.' ■
Don't «im|l> allow It to dl«— lUn o.'
rours. Find p. llttls capital through s>irtirtl**
mar.
13
BOSTON CURB
Epeclal service to The Herald by J. •. WII
-ton, 212 West Fifth street, Los Angiles.
BOSTON. Jan. —Following w«r» th« clos
ing quotations today:
- Bid. Ask. I Bid. Ask.
Ahmeok 220 DM Helvetia Mi C 7. a
Am of Nev.. 11 la Majestic .... 95 98
Arllpa 45 47 Nev Utah „ 1% Hi
Arnold 73 100 Niplsslns .... 10J4 W»
; nik Mtn .... 41 50 Raven S5 70
li & London. 25 US Sll Leaf .... IS 14
B 8 (jaa.... 40 43 Han Antonio. 814 *
Oaotua 0 6 JU S Oil .... S7',i H«
I'li.'iuuiiK ... 15 Yukon ........ 4T» 5
Chief Cons.. ii* 2^)Zlnc SS'.i U%,
Cum Ely ... 8 1" [ilia »li 10
D Daly .... 41.4 414 Cbino 12V4 12>!i
First Natl .. « 6^|Boa Ely .... 4% *-„
Giroux UK ll'.lily Witch -.25 10
Cons Aril .. 3% V
SECTION HAND LOSES ARM
FRESNO, Jan. 6.—Palmaro Cardoiui,
a section liand omployed on the South
ern Pacific, tvas run over by a rail
road train this morning and hi* arm
hi off. He was standing on a flat
car wlitii it was struck by an engine
and he was thrown to the ground, Tlio
wheels passed over his arm.
California Gold & Copper
Company ;
Rooms IS, Central Block
, KIVKKSIDh, ML
The annual meeting of the Stock
lOlders of the California Gold . «nd
Copper Company is called to meet nt
the office of the Corporation on Sat- ■
urday. January 8, 1910, at 2 o'clock p.
m. of bald day, for th« purpose of
eiocring a board of director.- to servo
for tne ensuing year and .for thu T
transaction of such other business i»
may com? before the meeting.
. It i.« very Important that evary
stockholder should be present.
Vi. C. Hibbard,
Secretary. :
A. H. Cram,
rrcsldaat.
_._-._-_. -CALIFOKNIA KKD BOOK." 1
LULL, prueuts two maps, ana itii*
! 111 <»• ■" tn* °" nellJ" "' ':al!far-
• ■•■-■• nla, th« other the Eeapa dli.
trict of Ventura county A beautifully Illus
trated book, written by a student or tha oil
industry Absolutely li'rov to those lnteiesUd
or wishing to share In the mllllou-dollao;
monthly dividends. Write tor, It,,
WAV c. west, ■ ■■"■ mn
020 LauftiliA bulldhiE. Los Angeles).