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Los Angeles herald. (Los Angeles [Calif.]) 1900-1911, January 21, 1910, Image 13

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85042462/1910-01-21/ed-1/seq-13/

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News of the Mines and Oil Fields
PAY CAR COMPANY
FINISHES PLANS
LOG ANGELES MEN WILL MINE
NEAR BOUSE
FIFTY CLAIMS COVER ALL VEINS
IN PLOMOSA DISTRICT
Hoist Will Be Installed on Property I
and Shaft Sunk Five Hundred
Feet to the Sulphide
Zone
J. C. Ponton spent a few days in
Phoenix during the earlier part of the
week, perfecting the organization o£
the Pay Car Mines company Which was
incorporated last spring for the pur- j
pose of taking over the Pay Car group i
of mines in tiio Flomosa mining dis- ;
trict near Bouse. All details are com
pleted with the exception of the signa
tures of some of the deeds which can
be secured by one of'his associates in
Los Angeles,
There are about fifty claims In the
group which is familiarly known ,as |
tile Pay cot properties.
The "company is capitalized at 3,- j
000,000 shares of a par value of $1 a :
share. Half of the stock goes to the
treasury and the other half Is promo
tion stock, all of Which is to be pooled
for a year of more as tilt directors so
prescribe.
The officers of the company are J. C.
Denton, president; E. L. Short, treas
urer; H. P. Ward, secretary; S. B
Vermilyea, of Los Angeles, vice presi
dent. The directors are the same with
the addition of George Otis, W. H.
■'Avey and Mr. Stanley.
Fifty Claims in Group
The fifty claims in the transaction
Include the Francis, Gold Pass, J. C.
D., Goldfield and Copper Giant groups
embracing 44 claims and six additional
claims known as Copper King, Pay
Car, 81-Metallic. Clearwater and Eu
reka No. 1. They lie in two compact
areas, practically touching each other.
Eevry important mineralised vein in
the House district is crossed and tra
versed by one of the claims and the
group is in close proximity to the Lit
tle Butte.
The property includes 4500 feet of
the Little Butte vein; 3500 feet of
the Heart's Desire vien, 1500 feet of
the Dutchman vein, and 3000 feet of the
vein on which the Woods Investment
company opened sulphide ore at a
depth of 75 feet, and upon which .- Is
situated the main shaft of the Pay Car
claim, the surface conditions of which
arc practically the same.
The bottom of the Pay Car 55 foot
shaft is all in ore running 5 per cent
copper and $3 In gold a ton. The out
crop of this vein at this point is from
150 to 300 feet In width and seems to
indicate an Immense body or ore at
depth One shaft on the Francis
claim near the Heart's Desire, Is down
104 feet and runs better in gold than,
in copper. The dump pans well In the
• yellow metal, about the same as does
the Little Butte dump.
In Iron Dike Cropping
■■ The Copper Giant has a fifty-foot
shaft in a large Iron dike outcropping
300 feet wide on the surface. The shaft
shows a good grade of copper and
gold ore for Its entire depth. The
J. C. D. N). 5 has a 40-foot shaft on
a good strong vein and runs about $50
in the sampling. This claim is at
present under lease. The Pay Car
claim has a splendid gold showing the
values running very high; however,
there is not sufficient work done on
it to prove the size of the ore body.
The Pay Car shaft Is on the Woods
vein.
A hoist capable of sinking several
hundred feet will be installed on the
Francis claim and the shaft will be
Hunk to the 500 foot level without cross
cutting or drifting until the sulphide
zone is reached. /
* . »
SOUTHERN BELLE MILL
RESUMES OPERATIONS
TUCSON, Jan.'l9.—Stamps have begun
to drop for the first time in many years
at the Southern Belle mine near Oracle.
This property was recently taken over
by Hugh J. Mclsaacs of San Francisco
and associates and for the last six
weeks the machinery at the ten-stamp
mill on the property has been worked
on with a view of resuming operations.
A force of miner 3 was sent out to
the property last week and under
ground work is again being; extensively
ijnlic.
The ore now being run through the
mill is that which was on the dump.
There is said to be sufficient ore there
to keep the mill going for some time.
The Southern Belle is one of the
oldest and best known properties in
this section.
GOLDFIELD CONSOLIDATED
WILL PAY BIG DIVIDEND
Preparations are being made at the
Goldncld Consolidated ciltlcc for the dis
tribution of the next dividend, payable
January 81i amounting to ft,779,648, it
being a regular quarterly dividend of
SO cents a share, with an extra 20 cents
a share.
MUDD GETS RESULTS
In the past year the old Ajo mine,
situated itfty miles southwest of Casa
ilrande, Ariz., was taken under bond
by Seeley W. Mudd and a considerable
amount of development work has been
done and a churn drill operated with
highly satisfactory results, and fifteen
miles south of this the Colonial Copper
company of Boston capitalists, owning
the Old Growler mine, have recently In
stalled a powerful hoisting plant and
started to sink the main shaft to tho
100-foot level. This property has also
shipped some very high grade ore.
APPROACHES OIL SAND
The Hhreeves Oil company has finally
shut off tho water In its well No. 1 by
plugging the well to above the oil sands
and is now drilling through to the first
oil sand in which it expects to get a
well. It if now 2430 feet deep and may
ml the "il eand within the next ten
teet.
WILL FURNISH GAS
Qoallngft Unity Oil company is lay
inn linos from its well No. 2 to the
neighboring prop"ertiei and will furnisli
mis tor operating. No. i has all its
using "ni and wll] repertorate and put
tack. The rig i; being erected for its
well No. 3.
IIVSTO literally makes a new man or
vuman or you.
JAMES WYNKOOP
CALIFORNIA OIL DIVIDENDS
FOR MONTH TOTAL $658,193
During December the companies listed on the Los Angeles stock ex
chango and the California stock find oil exchange, Sun Francisco, declared
dividends amounting to $858,198.44, or at the rate of nearly $8,000,000. The
total value represented by these companies, estimating -0 per cent per an
num, of only ii portion of these in the state" 1a seen to be about $-10,00n,000.
The following list shows the sums paid by the Individual companies, to
gether with the amounts of stork upon which the dividend! were paid:
i'miituiization Ami. Dec, X*ldividend!
Company. Authorised. Inned. dividend. ><• <lat<-.
Alma r mo.niM s kxo.oqo I ii.4oo.iio « I m.-iiiu.oo
Amalgamated .~i.OOU.DOO .1.000.000 50.000.00 1 ,:t.">0.000.00
American < mile 1 ",900.00
Arii.iiiiiii l'ctroleum J,'>.aon.ooo 11,044,900 119,(81.00 1in0.H1..".0
Apollo .-,(i(i.(M)o 800.000 :.ooo.o(n 1.000.00
I Associated 40,000.000 40.000.000 tM,088.00 1,548,8W.8S
Buy tit.v 500.01H1 IWO.OOO ;(0.()00.00 >O,OIM).O0
lirookslilre .-,(10.000 500.000 .1.000.00 4 11,800.00
Cariboo joii.ooo so.:o:f 10,118.18 «40.00i.40
i I.inii.ni 1 500.000 500.0(11) i 1.000.00 'i 51.000.00
(iiulliirii I'm 111,- 188,000 88,090 1i..->OO.OO 10<.?">0.00
Columbia 1,00(1.0(10 »!i!(.:ofl 4.!i!m.:;i 549,815.8>
Del Key 1.00H.000 385.400 :i,!l'.>;.j'l 11 ,182.80
Knperanza lAw.ooo 1110.000 ::.:00.00 111. 150.00
Kurlid ' 850,000 x.10.000 8,800.00 ti::..">00.00
Fnnr :IOO.UOO :ioo.floi> :S .000.00 1!10.000.00
Globe liOO.OOO (100.000 8,000.00 "5.000.(10
! Homo 100,000 100,000 1,000.00 4C8.000.00
ii.iiih'si.iu,. loo.oiiii 100.000 i.000.00 ;f,,:i50.00
Illinois Crude 200.000 900,000 'i,000.00 K'J.OOO.OO
Imperial 500,000 .",00.000 00.000.00 1,880.000.00
I Jiinitioii 280,000 3.10,000 3,800.00 ;o.()00.00
I Kent OH 33,000 28,000 r.'.U00.00 4i.000.00
Kern River loo.lioo 100,000 '.I.uOIUMI U8,IIO».(IO
j l.uiiln Vlhtn SBO,OOO 181,098 J.K:;K.:)O 88,9184.80
I, mile 50.000 :«.toi '.'.(170.41 4>,1t6.04
! Mexican Petroleum 10,000.000 0,881,800 HI." 10.M'2 8)210,808,44
! Mecca 450,000 4M.500 H. 818.00 -1.8-J5.00
j Monte Crlnio . „,,,,, ,"00,000 "00.000 18.000.08 840,000.00
I Nevada County 180,000 'JSlliooo 10.000.00 10,000.00
Palmer s.ono.oon 1,802.001) 18,010.08 lfl(i,:!00."5
PfiratTlnn soo.ooo 300,0m> :e,000.00 c.000.00
IVerless 1,0(10,000 1,000,000 (1.000.00 R01.000.00
Piedmont .100.000 880,000 ::.8!iO.«IO 12,081.10
PiDal iOO.OOO 14D.0J0 1.->.000.00 8(i4,84I.OO
Kecoril 200.000 '.'OO.OOO 7.500.00 3:,500.00
Kecd Cnidr. % 100,000 100.000 13,000.00 1,1:1,000.00
Itlce liiuicli 300,000 300,000 H.0f10.00 910,000.00
Royalty 20.000 :0,000 100.00 ".(100.00
S. F. and MiKltl 500.000 800.000 15,000.00 ■3115,000.00
Saner Dough 180,000 !W,">o !).!);.">.OO 50!,;i41.00
SeKnon 100,(100 100.000 15,000.00 "5.000.00 •
Silver Tin 75,000 75,000 1,800.00 12,500,00
Sovereign 500.000 500.000 .1,000.00 85,(100.00
Sterling 250,000 :;,().(Kill 6:,500.00 717.000.00
Superior 500.000 5(10.000 "..."iOO.OO 52,500.00
s. \\. and B 380.000 ::*:>.o.lii 3.770.00 41.170.00
Thirty-Three 500.000 500.000 30.000.00 070,000.00
Traders ». 1 „100.0011 1,155,000 11.550.00 138,280.00
I nil,ii .." .10,000,000 24,882,080 1M.815.00 8,088,818.18
I'nited Petroleum 10,000,000 8.075,100 10,818.80 1,081,888.48
WabMh xoo.ooo .. 300,000 3,000.00 111.0011.00
West Toast (prefened) 2,500,000 1,010,800 28,818.00 82,448.00
Western I'nlon 1,000.000 1,000,000 20.000.00 481.051.00
West .sbore 100.000 100.000 5,000.00 288,000,00
Chicago Crude, Hanford nnd PillKburg (Out of existence) '.'111,800.00
Total for all listed companies |1,8A2,828.81 5'i7,377.100.1)7
Total dividends paid for December, 10011 058,1(1:1.4-1
UNITY PREPARES
TO MARKET GAS
ACCIDENTAL DISCOVERY MAY
BECOME PROFITABLE
Jefferson Well Enters Light' Oil Sand
and Encounters Heavy Gas Pres.
sure, Causing Excitement
in Section Six
COALINGA, Jan. 20.—The gas well
on the Unity continues to keep up it-;
high pressure, and the gauge is now
registering 110 pounds. Arrangements
are being made for the sale of the
gas to adjoining properties for fuel.
The company has not made complete
tests and, owing to tile sale of gas
for fuel being a new thing in the Meld,
a schedule of charges has to be fig
ured out. This is being done by a
comparison of the amounts of gas an I
oil used in the Unity boilers. The
boilers have beefi connected with the
gas well and the amount of gas con
sumed daily is being determined by
'gauges and tests. This well came in
as an accident. While drilling for oil
last week the men struck what they
took to be a gas pocket. An explo
sion followed in which the derrick was
destroyed by fire.
Considerable excitement is centered
in section six again on account o{ v
heavy gas pressure in well No. 2 of the
Jefferson Oil company.
This well drilled into the light oil
sands at about 2270 feet, and soon after
the gas started to roar all the lights
were put out and everything done to
protect it from fire and the gas was
flooded.
The tools stuck In the hole, which
probably saved a blowout of some
magnitude.
W. A. Hearsy, the superintendent,
hooked to tho boilers of the Los An
geles Coalinga Oil company the next
morning and removed the tools.
A gate is being put on the top of
the casing and the tools will be run
through this to break the shell which
has formed, when it is more than
probable that the well will flow.
Floods Gas Pressure
' The Coalinga Ked Top Oil company
is bailing and has a heavy gas pres
sure which can only be kept down by
flooding it.
The well looks as if It would bo a
heavy producer when it is finished,
which will bo in the next two or three
clays. J. M. Robertson is superin
tendent.
Tho Los Angeles Coalinga Oil com
pany, not to be outdone by Its neigh
bors, is 2310 feet in its well No. 1 with
forty feet of sand which shows favor
ably. It is in BVi-inch casing and in
tends to finish the well in this pipe.
The Empire Oil company, section 32.
19-15 the No. 1 well of which is now
holding the attention of the field, has
decided to erect three more rigs im
mediately and begin drilling a second
well south of the present producer.
The No. 1 well is doing better than
400 barrels a day by actual measure
ment, made in the tanks and sump.
When it Is considered that the pro
duction Is being given with the tubing
still 1000 feet off the bottom, and the
great quantities of sand through which
the oil must force Its way, the re
markable possibilities of the well are
evident. *
♦<-•
GAS PRODUCTION INCREASES
The geological survey's report on
natural gas in 1908 shows that the pro
duction in that year surpassed all pre
vious records. The total values of
naturar*gas produced in 1907 and 1908
were $54,221,399 and 154,640.347 respec
tively. The tables given for the last
three years show an Increase in tho
quantity of gas used for domestic pur
poses, a decrease In the quantity used
for manufacturing or industrial pur
poses, and an increase in price.
HAS NOT RESUMED
i DAI.INiiA, Jun. 19.—The work of
pulling easing on the abandoned Im
perial wells has been completed and,
contrary to reports, the company has
not resumed operations. The activity
noticed on tho property was the work
being done in pulling pip*. Negotia
tion* are pending for the s;iie of all the
supplies and outfits on the land. Frank
KoWbins, the head driller, had eluugo
of the casing pulling.
LOS ANGELES HERALD: FRIDAY MOHMXG. JANUARY 21. 1010.
DESCRIBES DEPOSITS
OF WESTERN ARIZONA
The United States geological survey
has just issued as tiulletin 397 a re
port by F. C. Bchrader on the mineral
deposits of the southern part of Jio
bave county, in western Arizona.
Probably no other region in the
United States of equal importance In
respect to its mineral resources has
received so little attention as western
Arizona. No official report heretofore
published has treated the mining
geology of the area considered in the
present report. The survey published
as its Bulleln i) 52 a report on a recon
naissance made in western Arizona In
1604 by w. T. Lee, discussing the
geography, the general geology and the
water supply of a large urea. The re
gion covered by the report Just ]nil>
llsbed Includes the Cerbal range, the
Black mountains and the Grand Wash
cliffs.
Tin' geography and geology of the
region arc briefly discussed and the
mineral deposits arc described In de
tail. Gold, silver, copper, I<',h| and
zinc arc mentioned :ih being mined in
Mohave county. Mr. Schroder visited
the numerous mines in the region con
sidered and has given descriptions of
the workings, veins, minerals and
ores. The report Is illustrated by a
largo geologic map that shows the lo
cation of all mines and prospects, and
by many diagrams and half-tone
plates. It can be obtained free by ap
plying to the diretcor of the survey at
Washington.
SURVEY ISSUES BULLETIN
UPON COALINGA FOSSILS
The fossils of the Coalinga district,
covering about 700 square miles, are
discussed and described In a report by
Ralph Arnold, just published by tin 1
United Staes geological survey as its
bulletin 396. The oil resources of this
region have brought it to wide general
notice, and explorations have been
made by geologists of the survey to de
termine the area! limits of the oil-bear
ing rocks. In these explorations the
identification of the various strata from
place to place by their fossils was the
chief means of fixing the limits of the
oil-bearing strata. The region is un
usually rich In fossils, and the work
done affords a striking example of the
direct practical utility of. paleontology
research.
Mr. Arnold sketches the geology of
the region and describes the fossils In
detail. His discussions of the age and
correlation of the geologic strata of the
region are of essentially technical in
terest and value. Most of the fossils
described are of tertiary age. The bul
letin is illustrated by many reproduc
tions of photographs of fossils. It may
be had free of cost by applying to the
director of the survey at Washington.
AGENCIES MEET TODAY
The joint meeting of members of the
Baker.sfield and Coalinga oil producres'
agencies will be held at Bakersfleld
today.
NEW BLACK BUTTE
WILL ERECT MILL
AT DIAMONDFIELD
GOLDFIELD, Jan. —Construction
of a 3u-staiup mill on the lllack limn-
Consolidated property at Dlamondlleld
will be started within the next three
months, according to plans' now being
worked out by I* £. I'atrirk and other
large holders of stork in that corpora
tion, but who are now perfecting the or
ganization of a new company.
As one of the steps In the reorganiza
tion the property was bid In at sheriff's
sale Saturday by the Keglstratlon Trust
company as trustee for the creditors who
recently secured judgment against the
old company for about $17,000 and costs.
Reorganization will be perfected im
mediately, and stockholders In the old
company will be called upon to exchange
their stock for an equal number of shares
In the new company,) and pay 1 cent a
share at the time of, exchange, for the
purpose of providing a fund to pay oft*
(he old indebtedness and start construc
tion on the mill. " ■'
FIFTH TO THIRTEENTH CLASSES—SEC. 691, POL. CODE. \ HOME OFFICE
* ; Name of Company, THE UNION HEALTH AND ACCIDENT COMPANY
Home office 57 to 61 Arapahoa Building. 1622 Arapahoa street, Denver, Colo. LIABILITIES
lncornorated November 2. 1906. Commenced business December 29. 190«. , Losses and claims: Adjusted and Reported.
PS MfiORF President. J. S. McCLEERY, Secretary. / , .n process proof not
' Agent for service'of process In California, Charles S. Konlgsberg, Oakland, Cal., place or of adjustment received. Resisted. Total.
bUSl"e"' CAPITAL STOCK Accident j .".V.V .'.■.'.'.■.■.■.' Vilt.lV »£»«'«' .'.'.'.'.'.'.'.' li.Vsil.O ,
0U"ln"!- CAPITAL STOCK Realtk j MU.ll J1.788.35 »1,913.30
Amount of capital paid up In cash $100,000.00. „,....,, Fidelity » <
Amount of ledger aiset, (as per balance) Dec. 31, previous year $1,0,429.33 Surety •'
crease of paid up capital during year n7O M |te I)*' * »'■ •
Kxu-nded at HTM"-" staamViller
INCOME Burglary & theft , * >. « I •■ > •
Net cash received for premiums: CrejHt «plr?ng
;V'''r nt 1.....".'.'.;.' tO.Jt7.rj prior to Octo
"r 3', I.' * ;;.. -i^r. w0..) , » n »-.>...-...
jg£ ; ;»;£»^ ::::::: -jiiiii: ::^j: -^ ::::::::
SB£i&::::E:E-;::::^ »» ---- ; ;7";;
•s^, r v-;::-::^:"^-v.:-v.v.::::::::::: ::;::: . ::; "WsHSS
J-T;nar P r;m^WreceivedV.v:::.v —J .-S-^-aiiw-i5ii*..."•.•.""....•""."• V.v.v:: ■
Pollcv foes renu.red or represented by applications .. . 15,830.00 Reserve for credit losses on policies expiring In October. No
rrosf. Interest on mortgage foans 6,098.87 vember and Decmber, 190... being 60 per cent of $ ../.V-^
rro«s St?™« on «fiuJal loans KT B Premiums received on said policies, less $
Gros. interest on bonds knddKldenda on stock, 288.00 palfd during said month, on !osse. under said policies
O™. tSSSSt for nom. eSn 8 'sources 7.7.7.V.7.7.7.7.7.7.7.7.7; "' Total unpaid claims and expense, of settlement . , i.tJI.JJ
Gross rent from company's property, including $ for Total unearned premiums •• t.ltlHO
company', occupancy of it. own building. COm dnu le Slt°o n'Iag b;n o, k; ro? e bronk de^ ho e nr ESS. ?Sue°d' tj^om. !
m.pec,,o^ tal *rofa lntereit Bnd rent" .7:7.7.7.7.\7/.7.7.7.7.7 6<;; '„ , afiTT.!; ".'d I;.^: ','£s&&T. ! h- 'lSii4^ i
Gross profit' on maturity of lodger Hsset 200.00 ■>•>■" f....i steam holler «■■••; Burglary and theft, $....;
Cross Increase In book value of ledger assets Credit, $....; Sprinkler. »....; litle. i
From all other sources (give items and amounts). , J0 «.«,.. _________ a«l ■<
Commission profit on real estate loans 53- „„,„.„ Jot« ■•■ ■■ ,••••: ' "1"
■ mitt Salaries, "nt expenses, bills, accounts, 'ees, etc., due or
Total Income • _ . _ _ state, county and municipal taxisi due'or iwiiiia.V.'.V.V.V.V.V. - 1,30t.»X
Bum of both amount \... *»«*,«»«..» Dividend, due stockholders
, DISBURSEMENTS Duo and to become due for borrowed money
Net amount paid policy holders for losses: * Intereat due or accrued .'. '. '.'. '.'.'.'.'.', '.'.'.'.'.'.' '.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'. *
Net nmount paid policy holders for losses. Return premium b
Accident i 20 124 00 Reinsurance , ■
Health 1 •• -•■■•■ Advance premiums (100 per cent)....; 1.1 M.M ■
Liability Other liabilities, viz.:
Fidelity.; ;.••;; . m . __——.- .
? urcty , "' Total amount of all liabilities, except capital l,OBf.»«
Plata glass Capital actually paid up In cash 100,000.00
Steam boiler . . . . .. Surplus over all liabilities 83,085.9«
Burglary and theft __________
Credit Surplus an ri-o-.irfl" nnllevlinl^or. „ „,...,,,,,,,..,., . 135.011.1t
Sprinkler '" , .
Tllle • • . Total liabilities J141.150.11
20.124.00
Total ••;•■ , EXHIBIT OF PREMIUMS
Sen" °.Vd'health/ $58.00: Liability. $ ! Fidelity. Acident and Health. Health. Liability.
S -Surety I • Plate glass. $.... Steam boiler, ....; Premiums in force Dec. 31 of previous year $4,831.35 < -
Burglary and theft,' $....; Credit. $....: Sprinkler, I ; Written or renewed during the year 6!>,56t1.71 •
Titli* t ■ .•.•.•••••••••••••'•••*•••■ *••••••••■••• ' ■ '■■ - • ■■' ___—__——— ———-«^
T'"e ' '" ; ' ' ■ Totals „ 174,698.09
Total ■... 55UU Deduct expiration, and cancellations 70.372.23 «
Commissions or"brokerage, less amount received on return A TTTrr: — '
premiums and reinsurance for the following classes: In force at the end of the year .-., 4,225.80 •«„
Accident and health, 445.17: Liability. (■■■■: Fidelity. Deduct amount reinsured *■<
$ • Surety, % ; Plate gl-^s. $ ; Steam boiler, —•
$....' Burglary and theft, $ „..( Credit, {••■■: Sprinkler. . . Net premiums In force 4,325.80 '•«
% -Title, t ; '• '_________ Fidelity. Surety. Plate Klaaa.
. z1,44».17 Premium, In force Dec. 31 of previous year -
Total •••••■• • ' 15,830.00 Written or renewed during the year • *•
roller fees retained by agents • ••■ •••■ •,_•••" ' _________ ■-
Stockholders for Interest or dividends (amounts declared dor- 40 000 0') Totals * i ■»"
SaYar"f.; t«n_^lVth*.r°co m 0/ officers,' dlrocior-.- „',„„ deduct expirations 'and"cancenations' ii! V. . "IT
S^;^^;^^^ot^^^^ " n570 ;r.:r;:r e.^.:::::::::: :::::::::::: ■ :::::::::::: ::::::::"
commissions ■. 37. t-'U ■ . , ' ■ -,—— ■■—<
Medical examiners' fees And salaries „ ' yet premiums In fore. ■•«.
inspections (other than medical) ! ■■•■ .et premiums in force ,
Rents, Including % for company's occupancy of It, 1076 50' Steam boiler. Burglary ft theft. Credit
own buildings ' ' Premium! In force Dee. 31 of previous year •. ••......•*.
Repairs and expenses (other than taxes) on real estate Written or renewed during the year !> •
Texee on real estate . „-. „ ■ __________ -—__——_ . _________ I
All other taxes. licenses and insurance department fees ''"° " . Total, i ••• ■!
Gross loss on sale or maturity of ledger assets "Deduct expirations and cancellations •
Gross decrease In book value or ledger assets , , , __________ '
Legal expenses, advertising, printing, postage and mlscel- ... In force at the enrl of the year ,_j
lanenus disbursements •iJi'iiaaS! Deduct amount reinsured ...<
Total disbursements !l-'-"1" __ ■
JIS7 osii.so Net premiums fn force >•..•••••_'
EaUln" LEDGER ASSETS , Sprinkler. Title. 'I J
_ , , , „„, „.,_■„ . .. Premiums In force Dec. 31 of previous year •
M?mga"e U'oans "m U..WU A.V.V.V.'.V.V.V.V..............V. VH9.075.00 Written or renewed during the year ;-.
Loans secured by pledge of bonds, stocks or other collateral, v
Soo\^Z^^Utt^SoT:^:. *:::::::::.\:.\.*"'\ 9,500.00 De^t e.^^s^d Vanccnaiion,7:::::: :::::::::::: I::::::::::: :::::::::_
D" a l !os'i'?e'r'ln Pm,^f co^mpanie'l and' banks 'on 'mttreei '.'.'.'.'.'.:'.'.'.'.'.'. MIMO In force at the end of the year -
Deposited In trust comDanles and banks not on Interest Deduct amount reinsured ■ y '
Hills receivable. $ ; agents' balances, $735 Sit 735.80
Other ledger assct3, viz.: Furniture and fixtures 1.230.25 Net premiums In force «
Total ledger —■■ -asstisi-isi-.- 117.M-.W ' ■ s BUSINESS IN CALIFORNIA DURING "'"
NON-LEDGER ASSETS / "3^
Interest and rents due and accrued 5,70».a« / risks written or
, Market value of real estate- over book value... „,,„, renewed during Gros, Gross
Market value of bond, and slocks over book value 1.1M.H the year ' losses paid, losses lnourreo.
Gross premium! In course of collection, viz.: __________ __________ p
On Policies or On Policies or
, • Renewals-Issuo'l Rcnevnls Issued Accident I ■.■',':; ■«<»'«' "" "»"oVo*«"
Sub.se,|..-nt to P.-lor to Health ! • 15.10-.B* 175.65 I»l».«.
: Oct. 1, 1908 Oct. 1.190.. Liability "• j
Accident ) '."'. Fidelity "■'•• ............ •••..
Health ) ' 11.M1.T0 Surety ' . ■""
i Liability Plato el" "•
Fidelity Steam boiler 1
Surety Burglary ami theft •• --••• ............ ...........
rim/- flam Credit ..... ... ......
Steam boiler " Sprinkler •
Burglary and theft Title ''*„
Crodlt • MISCELLANEOUS
ffi :::::::::::::::::::::: :::::::::::::::: :::::::::::::::: :::::::::::::: a™., premium, received from organisation ot the company "IHIiJ!
.1 , 1_ , . T Ola i losses paid from organization of the company _"i:iV»V_y 43.1»«.«» ,
Total J1.651.v0 Tola! dividend, declared from organization of company, cash. »40,000.00 : 4( , _ 0()1 . 0( ,
Cthe? non-ledger assets, viz.: stock, $ : ■• ••••* ••• iq'ibl m
LoMea and claim. Incurred during the year ■'"";• Net
Gross assets i143,116.!>6 Largest amount Insured In any ono risk _ro,s. mm.
DEDUCT ASSETS NOT ADMITTED Accident j ib!o6d.bo '"e.VsVoa
Company's stock owned. $....; loans on $ " Health ) ' " #* ' it> ....'......„
Bills recoivable, $. -. .: agents' debit balances, $735.80 783.80 Liability
I Furniture ami fixtures 1,330.25 f Fidelity ■ '."".".'.".".'."". ".'.'.'.'. '.'.*
Supplies, printed matter and stationery Surety • ' * ••••••"»-•■• ****„
Loans on personal security, lndonsed or not Plate gloss " ......•-•)
Gross premiums in course of collection written prior to Oct. 1, Steam boiler
180 . Burglary and theft ' ■■••••• ''t\'"l"'."•-i
Book value of ledger assets over market vali. viz.: Credit " ...1'..,. •«
— Sprinkler •••' IIIIIIIIII" !!,!!..,,•
Total . 1,958.05 Title ' .
Total admitted a«.M» . 114i.160.m Has this company guaranteed policies Issued by any other company and now In force? . NO.
MINING QUOTATIONS ]
NEVADA STOCKS
Exclusive dispatch to Tho Herald by L. A.
Crl.sler ft Co., members I^oa Angeles stock
exchange, 500-201 I. W. liellman building, Los
Angeles.
SAX FRANCISCO, Jan. 20.—The door was
flooded with selling orders. on Consolidated
from the east and this issue sold down to
$7.20, a drop of 50 points over night. Flor
ence was weak and slid down 10 points. Com
bination Fraction sold at 37c a*hd Jumbo Ex
tension at 20.
Tile Touopah list was Btaady with trad
ing light. Ore shipments from the mines of
this district for thr? past week totaled 5422
tons of an estimated value of 9188,650.
Following were the closing Quotations.
GOI.DFIELD DISTRICT
Bid. Ask. < Bid. Ask.
Adams .. .. .. 1 at Bend .... 3 1
Atlanta 10 fit Bend An.. .. 2
Booth S 9 Grandma .... 1 i
11 B El 1 .rumbo Ex .. 13 SI
1: Bull 3. 4 Kendall »
Blue Bell ... 1 3 Lone Star ..3 4
Con Mtn .... 4 .. |U)ii Dillon .. .. 2
Conqueror ..2 3 Mill Fraction .. 2
Com Frao .. 37 38 Moll V\ 2
Crackerjack,. . 1 2 Nev Gold ....'.. -
Daisy 8 9 t)ro 3 4
l'rlanglo 1 Red Top Ex. 1 2
D B \'> Con.. .. 1 Red Hills ... 3 4
Dixie .. 1 j Sandstorm ..2 4
Empire 1 St Ives IS 8
Florence ....250 260 311 Pick .... 7 8
Kr Moh .... 3 5 I Vernal l
Sold Coin ...720 722 Yel Rose -'
Kcewanas ..5 6 |V'el Tiger .... 6 7
TONOPAH DISTRICT
Bid. Ask. | Bid. Ask.
nelmont ....120 125 |N Star 1 3
Jim Butler.. 9 10 Res Con 2
Midway .. .. 20 21 Ton Mill ....675
Montana ....83 89 Ton Ex 72
MacNamara. 26 27 |VV End Con.. 21
BULLFROG DISTRICT
. . Bid. Auk. | Bid. Ask.
Amethyst ... 1 2 Mont Mtn ..2 3
Bull Mm 2 IMayfl Con ..2 3
Bull N Bk.. 1 2 Or Bullfrog.. .. 1
Bon Clare .... 11 Tramp Con.. .. 8
Hold Scept.. .. 1 rank Girl 3
Home King. .. 1 Val View ... 1 2 '
Mont Sh Ex. .. 1
MANHATTAN DISTRICT
Bid. Ask. | Bid. Ask.
Man Con ... 2 4 (Man Dcx .... 2 2
Thanksgiving 3 .. Man Mln 1
Little Gray.. 1 .. seyl Humph.. .. 1
Mustang ...."1 2 |
OTHER DISTRICTS
Bid. Ask. Bid. Auk.
Eagle's Nest. .. 4 Pitts Sll Pk. 75 85
Nev Eagle .. 12 14 Rnd Mtn .... 58
Nev Hills .... 67 Coalition — 1« 17
, BOSTON MINING STOCKS
Special service to The Herald by J. C. Wil
son. 212 West Fifth street. Los Angeles.
BOSTON, .lan. 20.—The Boston market was
steady throughout the day with little pres
sure to sell stocks. North Lake and Indiana
were again well bought. North Butte was
strong throughout the session, closing at the
highest. No Important news.
Bid. Ask. | Bid. Ask.
Am Pneu ... 7' 4 7\ M«X Con .... 4VS 5
do pfd .... llVj l»Vs|Mlaml 25>4 2614
Adventure .. 7»i « JMlcnlfau .... 6?* I
Alloutl El .. [Mohawk 70 70V4
Atlantic .... lOVi 11 |Nev Con .... WA 24Vz
Arcadian ... 7\ 8 [North Huttc. 46 46Vi
Ariz Com... 41% 41% Old Dgm ... KM 47
Apex 4"4 4% Osueola 168 158
Boston Con, IS 1 ™ 19 ji'arrot 20 SOU
Butts Coal.. 8414 23 Qulncy 88
J'al & Ariz. 84 BIHISantJ Fo ... -! i 2%
Val & HeoIa.GBS .. Shannon IHi 15%
Centennial .. r,2 33 Shoe Much „6714 M
foil Merour, 10 15 ' do pr.i .... 29 3i 29} i
Cop Kangn . 80 Superior Cop, 81$ 62
Corbin 214j 21' (Sup * Bo«.. 1.'.',, lHj
Daly West .^'-f Mi sup * Pltu.. in., liv
East Butte.. • 1114 Swift 108
Kirn River .. I" 1% ramarack ... 6.1 85
Franklin .... 18* 18 Trinity »«4 10
Iranby 101V4 108 [United Fruit.l 67 168
Orn Can .... 9% 10 \V .s Smelt.. 4S'i 49
Ham .... »"•« EO'/fcl do i>M .... 61 M l.
Tsle Royale., 24' 3 ;r' 4 Utah Con .... «M 41
ICeewenaw .. 6 Victoria 41& 5
i. ike SST, B9 Wlnona Hli' i' 7 a
t.a Ball* .... UH 17 Wolverine ..'I"1 117
Mass Cop .. 7., 7'ijWyandot .... :jt» 3
Mayflower .. Hi V.s\
SALT LAKE MINES
Special service to The Herald h* J. C
Wilson, 212 West Fifth street, Los Angeles.
member Stock and Bond exchange of Ban
Francisco and eastern exchange*.
SALT I.AKK CITY, Jan.' 20.-following were
the closing quotations today:
Bid. Aak.l Bid, Auk.
Ajax M |Mason Va.1..!40 212. .
Alice 300 May Day ... 11% J l-1 -
Back Tunnel. 13 IE Mln Flat .... 1 - ..
Black Jack.. l .. |Mtn Lake ... si 7
Boaton Con.. lOW UlilNev Hills 67
Carlsa GO .. New-house ...300 ..
Colorado .... 77 71 [Now York... 9«4 10V4
Colum Con.. 88 89 Ohio C0p....450 000
Con Mer 15 811 Shield .. 54 „
Crown Pt .. 6 614 «cv Troughs.. 8 914
Dally Judge. 46o COO Sil X C0a1n.330 335
l^aff & B B. 60 .. Sioux Con... 36 37
B Tin li.'V.. 6(4 7 So Cols Con. 7 9
i: Cwn Pt... '■; 1 Tin Central.. 81i xi;
10 Tin Con... l»i -' Uncle Sam .. 44 46
Qd Central .200 2u2'i;rt con Bin.. 4'i 6
Iron hum .. 84 SB Victoria 160
Iron King .. 14 .. Victor Con.. 5 S'.J
Little 8e11..172",i 180 West Utah.. .. 200
Little Chief. 45 .. West N«v ... 18 21
Lower Mam. 49 60 rank Con .. 6 10
siiiJest if. .... 90 .. il'er Cop .... 354 t
Int Oil 100 105 Inyo Gd M ..
Provo .... 7!i 7«4 Prince Con .. 94 100
NEW YORK CURB
Special service to The Herald by J. C. Wil
son, 212 West Fifth street, Los Angeles.
NEW YORK, Jan. 20.—Following were the
closing quotations:
Bid. Ask. | Bid. Ask.
Am Tob Cm. 415 I.N'ev Cons .. 24' i 24%|
11 b Han :'i "i Nev Utah ... 1% 11,
Chicago Sub. 4'i 4% Nlpisshig ... 10 1014
Havana Tob. 5 7 Ohio Cop ... 414 454
do pfd 0.... enß. Rawhd Coal . 15 17
Bland 0i1...643 648 Ray Cen .... 3% f%
Cons Stm ns 20 24 Ray Cons ... 23 MM
Boston Cons. is% .Wi United Cop .. 7% ■
Butte Coal.. 24 25 Yukon 4% - 4T4
Cuml) Ely... 7 > Inspiration ..9 914
Davis Daly.. 3% Mason Val .. M IV,
Dolores 7... " 7'ilKewhouse ... 3*l 814
Ooldrd Con». "'. •'< Biy Cent ... Il*. Hi
'irn Can .... «*« 10 Biy Con» ... 75 77
Olrftux 1"H '""' OH* Copper . -\ 914
Kerr Lake . » M* Chlno ....;... 7«- 1J ■
La Kosa ... 4>4 4*i Boston Ely . V,, J4 ■
Ours is a new OIL company owning a lease on
choice land in an old oil field of Ventura county.
Our books are now open for subscription to the
fund for drilling No. 1. ,
„„_, .1 ii,■„!.■. of IlMiley ramp. Bis Our company l» Incorporated for.|JO«i.
-,,,.,, rK dl'trlVt !»• «amln.MJTour ground. 000. all trfttsnrr .tork. «> *lye the
SKIP* "„"„'"". a fnvurai.lv ui»m it. <;ermnn-.\m-ri,,.n s«vin» bank of L«.
JIT s l rVyori "vUI bo ma»Vd if you a»k it. An B el« a. reference for the c»n.p.
We estimate that only a moderate sum will be '
required to put a rig on our ground and drill to
600 or 800 feet, which should give a producing
well. Will you join us?
Rock Island Oil Co/
415-17 Laughlin Building "6567
Miami .. .. 26H 25% Ely Witch .25 28
Nev Utah .'. 1% 15 North Lake . 1«H 17
Una Co Am. 48 60 |
BOSTON CURB
Special Borvlce to Tho HnraM by J. C. Wil
son, 212 West Fifth street, Los Anseles.
BOSTON, Jan. 20.—Following were the clos
ing quotations toilay> * . , «
Bid. Ask. I Bid. Ask»
Ahmeek ....Hi •■ First Natl .. "■, 8*
Amal Nev .. 7 S Qlroux Vi% MTb
Arizlpe 30 85 Helvetia .... 4% 6
Arnold 75 lUO Majestic .... 90 63
Hlk Mtn ... 40 43 Raven 63 68
Butte & Lon 24 26 111! Leaf .... llVi 12Vi
Bay St Gas.. 35 37 San Antonla i li 1
Cactus 694 6% II S Oil .... 38% 3SW
Chemung ...11 12Vj|iSlno 34 3»V»
Chief Cons .. 2Vi 2%
METAL MARKET
NEW YORK, Jan. 20.—With the London
cables a little lower the market for standard
copper on the New York metal exchange to
day was easy with spot and January closing
at 11V12W<8>13.37H; February, March and
April at 113.12H®13.85. Local dealers quote ;
lake copper at [email protected], »J3.50
©13.75: ousting, f 13.25©13.6! H. Tin was
weak, spot closing at »32.10©32.40; Jan. at
13" [email protected]; Feb. »33.10©32.45; March and
April. »32.10»32.60. There was a decline
of about £1 In the London market with the
close weak at £14« 15« for spot and £148 5a
for futures. J-cad was quiet with spot
quoted at ?4 =■ !j »■•-'.; New York and at
|-|~v|-|- -CALIFORNIA RED ; BOOK.""
l-l/l-r" presents two maps, one show*
I ill Ing all the oil fields of Cantor
• ■••—■- n i a , (he oth«r the Sespe dli
trict of Ventura county. A beautifully Illus
trated book, written by a student of the oil
industry Absolutely Free to those Interested
or wishing to share In the milllon-dollac
monthly dividends. Write for It.
WAY C. WEST,
020 iKilßlilin building. 'o« Ansjrlrs. -
14.50'tM.60 East St. Louis. London was un
changed at £13 13s 9d*. Spelter was weak:
•pot, $a.11)@6.25 Now York and $5.90©8
East St. Louis. London was unchanged at
£23 ss. Locally Iron was unchanged.
DEVIL'S DEN DEVELOPMENT
VISALIA, Jan. 20.—The Devil's Den
Consolidated Oil company's well is
down 1500 feet, about 100 feet below tha
point of the gas blowout several WMkl
ago. A meeting of the stockholders
was held here Saturday.
METAL PRICEB IN
NEW YORK MARKET
<«> MEW YORK, Jan. 20.—Copper easy) ■••
<*> standard spot, »18.1»Vi©'3.8'i March, 4>
■ - *l;t.i;^.(S)l:l.:i.-.. J.fbil. »l.H'! 1/[email protected] ■•>
4> silver. .■; l-4e. •. >- .- • ■ >•>
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