Newspaper Page Text
American Midway Oil Co. OPENING SALE Tomorrow morning at 8 o'clock a LIMITED allotment of the stock of this huge organization will be offered, subject to prior sale, at 50 CENTS per share. It Is Worth One Dollar the Minute You Get It Our office is ALREADY BESIEGED WITH PROMINENT BUSINESS MEN, investigating the personnel and holdings of this company, and endeavoring to make reservations for large blocks of the stock, but no reservations or sales will be made till 8 o'clock tomorrow morning. The stock will positively be issued only in the order subscribed. REMEMBER, this allotment will be sold thre* times over, and only the first ones can get delivery. Our land consists of 400 ACRES, owned in fee simple. Proven Gusher Territory Gushers on four sides. FAMOUS LAKE VIEW WELL on the south, doing 40,000 BARRELS DAILY. Our first well is already down 700 feet. GET OUT YOUR MAP. Look up these properties. ta »j^ to^*^4'lM^ta3"<-M-1M*cm Back of This Company g e on Hand Early! Are the Following Men: =ZZZZZ=ZZIZ= WILLIAM G. BATCHELDER DR. JAMES H. EDMONDS tomorrow morning, PREPARED TO DO BUSINESS. If an _ ... , „ M t , _.„„ CLARENCE BERRY HARLAN VICTOR CAUSE Oil investment interests you at all you will want to put ALL Ask men who know. They will tell you this is the VERY M p WAITE A C PARSONS CREAM. F.L. KELLER P. V.' GORDON y°urs into *is-THE BIGGEST AND BEST OF THEM ALL> A. B. COHN W. D. WILSON J. M. M'LEOD American Midway Oil Company 519 W. P. Story Building Los Angeles, California News of the Mines and Oil Fields CLAIM JUMPERS VISIT COALINGA AT MIDNIGHT Newcomers Move Cabin on Gov ernment Domain and Take Possession of Oil Lands COALINOA. April 4.-Last Friday, nt the hour of 12. a cabin WM. moved upon the south half of the north half of section 4, township 20 south, range II east, by Pierce Evans, Joe Lone, C R (Mitten, Ralph Grlffln, R. W. Eilcn. J. M. rfispy, Richard Powers and William Phillips. On the northeast quarter the Clare mont Oil company has been In posses sion for'over two years anr has sunk a hole 3865 feet deep, and is now wait- Ing for a spear to loosen the pipe to K o ahead. On the south ninety acres of the northwest quarter the Coallnga- Monterey Oil company has material for a full standard riff on the ground and a carload of tools and supplies is on the road for this property, with a man in possession of the land. Tho Union has a full standard rig- on the north half of the, northwest quarter. There has been over $75,000 spent in good faith by the men In the above named companies. The land was originally filed upon In 1907 by Thomas O'Donnell, |, A. Cuiherson Jr., Captain J. F. Lucoy, H. 1.. Peeler and others whose interests were later abaorbad. Thaaa locators tin n leased to the Claremont Oil com pany the north half of> the north hilf Of that seel ion, which company in turn leases the northwest quarter to the Union < >il company. The Union spudded In a well last Friday On tho northwest quarter. A rig has been completed on the south half and is about ready to spud In. pierce Evans and the brokerage firm of Phillips & Vanderlip and others have platted ■■> location on the west half Of section --LM-14, and claim that they had a prior right to the property from an assignment to them of a desert land entry by a locator named Benham, Judge Ken- claims that he, with others, has an old location on this property. ami he fails to see where the recent locators can make any claim to the property, This Held has been very free from "jumping" of mining- elnims in the 1 patt, especially whore actual work has been done along real development.line*. True, up have tho niieped "homestead ers," who in many cases committed perjury in proving: up their claims on oil lands, but the business p^ace of this community has seldom been dis turbed by "jumpers" who pose as oil men. l.»niiill'.lii'il 1897. Home Phone A 1405 llnnk Refrrencea. Sunset Main till. BALDWIN & CO. 232 Ban Fernando Building, Oil. LANIW, MCASKS AND MIMS I'roduiiMK rropertln liougbt and Sold. JAMES WYNKOOP FAMOUS HARTNELL NOW PRODUCES 300 BARRELS SANTA MAUIA, April 4.—ln three and a half years the Squire* (Santa Maria Oil mid Gas company), well No. 5 of tho Union, has produced 1,343. barrels and Is still flowing. No. 10 of tho same leaso In two years and three months has produced to January 1 last 1,343,231 and Is still flowing. To Jan uary 1 Hartnell No. l, the greatest gusher of Santa Maria, now pumping 300 dally, for eighteen months had yielded 1,901,334 barrels. In six years Fox. No. 1 has produced 687,000 barrels. The Folsorn lease of 142 acres, with eight wells, has produced 3,000,000 bar rels during its operation, No.'2 alone yielding 1,500,000 barrels. All drilluiß lias cense,l on tho Hart nell, Kol.som, Knx and Hobhs lc;isi-.s lot the present. With tha Completion of three under construction there will probably be no more Immediate drill ing on tin! Squires. Development is vary eoatly and there is do necesslt] nt this moment for more work. Tha ground hen* is thoroughly explored, which Is not the rase on some Other leases, and the Union evidently pre fers to tent these now, especially a3 they are giving such good returns. OIL BIDS ACCEPTED Bids of the Union Oil company to furnish the county IW.OOU barrels of oil to be delivered at the county oil pit at 91,06 :i barrel, and 3000 barrels de livered at the county tanks at Nor walk at $1 H barrel, ware accepted by tha board of supervisors yesterday, The bid of the C. C. Harris Oil com pany lor 1500 barrels of fuel oil at $1.14 a barrel was also accepted. SUSTAINS LOWER COURT PHOENIX, Ariz., April 4.—Supreme court today affirmed Judgment of tho lower court in tlie famous Copper Queen tax suit for $250,000 back taxes and interest. The lower court held taxes could not bo collected. Judgment of the lower court favored Jeff Ryan against Tevis & McKlttrlek of California for $11(2,000 in suit Involv ing Turquoise mine in Cochlse county. This was modified and reduced to $67,000. CLEANS UNION BELL SANTA MARIA, April 4—The well Union Hell No. i is being cleaner] out. It has produced but little tor some time.. The tubing and rods broke and had to be extracted before going on. This well is considered good for tiOO barrels when flowing. N:>. 2 has been producing. It is good for 200 barrels. Ten thousand barrels is a safe esti mate of March's output from the Bell lease. AMERICAN'S OUTPUT COAL.INGA, April 4.—The American Petroleum production at Coalinga In February from sixteen wells was the largest of any month yet, 11,400 bar rels daily. From the results of eighteen months' development the land Is con sidered as 400-barrel well territory. PRICES OF METALS IN NEW YORK MARKET MEW VOKK, April Lead,' dull; — (1.43@4.50. i ■ ,; . i, • Copper, dull; standard spot, $12.77'/. •>> <S> 13,(M). . . . , .4 <$> ■ Silver, ta%r. (. . .' LOS ANCTXES HERALD: TUESDAY MORNING. AI'HTL 5. 1910. MINING QUOTATIONS ] NEVADA STOCKS Exclusive dispatch to The Herald by L. A. Cs-lHler & Co., members Los Anfaln Stock exchange, 100-101 I. W. Ilellman building, Los Angeles. SAN FRANCISCO, April 4.—Th« week opened with the Bush street market Him but dull. Consolidated was tin' best trader and at the close Showed a gain of 15 points over last week's figures. Florence was weak, the best bid being 10 points below th« last quota tion. Jumbo Extension was oft 2 points, while Fraction remained unchanged. Little interest was shown in the Tonopah division, and this list showed but few minor changes. Following were the closing quotations: aOLDPIBU) DISTRICT Bid. Ask.; Did. Ask. Adams .... 1 j Kewanas .... 7 I Aalanta ... 15 II Great Hind.. 3 4 1 -'ill 15 li; at bend An. ... 1 111 B Ex .. .. 1 i Grandma .... 1 2 Bill* Bull ..4 6 Jumbo Ex . 35 :;ii I! B Bonan. .. 1 Kendall 2 3 Columb Mtn .. 7 j Lone Star ... 2 4 Conqueror .. 3 ti | Lou Dillon.. .. : Comb Fmct 47 4S MUltown Fro .. a Crackeijack 1 3 Moll Ex 2 Daisy 0 10 Nev Gldtleld .. 2 rrlanfle 1 Ore 6 8 D II B Con 1 2 Hed T Ex.... 2 3 Dixie 2 Red Hills ... 4 5 Umpire 2 Sandstorm .. 4 Florence ...307Va i'wv&jst Ives 20 Hot Ex 2 Silver rick.. 10 11 Fran Moh .. 2 .. I Yel Rose 4 Con..TiO THMITtI Tiger ... 8 8 TONOI'AH DISTRICT Bid. Ask.| Bid. Ask. Belmont ...262H 267V4 North Star ..2 3 Inn Butler 16 17 Rescue Con.. 2 3 Midway ... 84 a; Ton'pah Mln ... 725 Montana .. so 83 Ton'pah Ex. 77 7» UacNamara 37 38 | West End Cn 36 38 BULLFROG DISTRICT Bid. Ask. I Bid. Ask. \methyst ... 1 2 | Mont Km Mtn. .. 2 La Fortuna Oil Company Begs to announce that beginning Tuesday morning-, April 5, at 9 a. m., the books of the company will be open for public subscription. We shall operate an eighty-acre tract locat „■•• ed in the heart of the famous Midway gushers. As soon as a sufficient amount of stock has been subscribed we shall begin drilling our first well. This is a strictly legitimate proposition operating along business lines. The more thoroughly you investigate the better we shall be pleased. i=^lF YOU ARE A SUCKER^^ Don't read this, because we guarantee no enormous dividends. Do not expect that wo can pay dividends until we have a producing well. WE DO OFFER you an opportunity to ' own an interest in a company OWNING EIGHTY ACRES of the best land in tho famous MIDWAY and backed by oil men of unquestioned ability and Integrity. . THESE FACTS CANNOT BE MISREPRESENTED ' ' , III1KKKS: Capitalisation I.a Fortunn OH Co., $1,000,000. M. R. ' MARTIN, Jr ',;"■•. resident Treason- Stork, 800,000 Shares. C. M. AUKS Secretary and Treasurer IV. <•. FIIASKH ■ Vice lTesidcnt Legal location— half of northwest quarter of section 34, township 32, range 23. ■ Look this up on your map. Note that on every side of our holdings are PRODUCING WELLS and many FAMOUS GUSHERS. For a short time only we offer ' 100,000 SHARES AT 15 CENTS PER SHARE Not more than 200,000 shares will be sold, the second block at an advanced figure. Don't be one of those to wish later thai they had bought at 15 cents. Get our maps, think this over and do it now. H. G. Elliott and B. D. Lockard 504-5 I. W. Hellman Bldg. % Fiscal Agents Fourth and Main Streets Bullfrog Mtn 1 3 Mayflow Coo. % 4 BullfrK Nt HI 2 Tramp Con 3 Bon Clare.. 8 .. Val View 2 MANHATTAN DISTRICT ' Bid. Ask. .• Bid. A«k. Manhat Con. - 3 Mustang 1 2 Man hut Mtn .. 1 Seyl Humph. .. 1 Manhat Vex. 3 4 ThnnkFgivln*. 3 OTHER DISTRICTS Bid. A*k. Bid. Ask. Eaglo's Nest I 4 I Pitts Sllv Pk 72 76 F'vlew i:«l. 12 15 Round Mtn.. 45 Nev Kills.. 50 .. | Coalition .... 36 .. NEW YORK CURB Special service to The Herald by J. C. Wil son. 12 West Fifth street. Los Angeles. NEW YORK. April 4.—Following were the closing quotations: Bid. Ask. Bid. Ask. I Am To com 423 424 Nlplsslng . .10 10Vi H. S. Qm... '4 HO Copper ... 34 414 Chloano Bub 2»i S ltwh<le Cl .. Sft'4 39 | Havana Tub 6 7 Ray On .... 3 3% Standard Oil 616 6:n Ray Cons ... 90 2'il a Oi S Ret .. 17 II Utd Cop .... 6% 7 Hos Cns .... 17 19 Yukon 414 414 nutte On ... 22% 2314 Inspiration .. 7H 7T4 Davla Daly . 2;» 3 M Val (new). 9 914 Dolores . ... 54( 6V4 Ely Central . I' 41% Old Cm .... 7% 7% Ely Cons ... *! % Urn Can .... V, 9% South Utah . 2 lit Glroux 1 * R* alia Cop .... 6T4 1% Kerr Lake .. B'j SH Chlno II 1 13* i I*. Rose .... tH 4HCons Arl» ... 2 1* -:: 4 Miami 22 22V> Keystone . . 3\ 3% MCo of A.. 48 60 El Rayo 3> ( Hi Nev Cn .... 21 21 14 North Lako . 16% 16',« Nev Utah ... 1 lVil BOSTON MINING STOCKS Special sirvka to The Herald by J. C. WIN eon, 12 West Fifth street. Los Angeles. BOSTON, April 4.—The market held fairly strong all morning, but transactions were small. Closing quotations follow: Bid. Ask. Bid. Ask.l Am. Tneu .. 6 6* Miami 22 2214 do pfd .... 18»i 19 Michigan .... &M 6>,i Adventure ..64 7 Mohawk .. ..62 C2Vi Allouei .. .. 40 4BVj Nev Cons .. 21 21',i Atlantic .. .. 7% 8 North Butte . 31% 35 Arcadian ... 5 6H[Old Domin .. SS 35,4 Arli Com .. 194 19H|Osceola .. ..140 145 Apex 3»i 3T«Parrot 18 17 Bos Cons ... 17 18 Qulnoy 83 .... Butte Cl ... 23 23tt Santa Fa ... 214 2% ml & Hec.6oo Ask. Shannon . ... 12 12H Centennial . 18}4 18 Shoe Machny 60% 7014 Cons Mer .. 10 13 do pfd 29 29V4 Cop Rnse ... 71 72 Superior Cop. 45H 48 Corbln 12% 13',4|Sup & 805... 13 UH Paly West .. 9 »•* Hup & Pitts. 13 134 But Butt. . Si 9 Swift 104'ilOj, Elm River .. li 2 I Tamarack ... M 58 Franklin .. .. 11 I.V.,Trinity 8* .... Oranby 45 4. rii;iJnited Frt ..17'J 172 f!rn Can .... 9H Sis V. B. Sltn».. 43 43« i Hancock .... 2014 2114 do pM .... 4914 60 Isle Royale . 17% li Utah Cons .. 29 30 Kcewenaw .. 4 414 Victoria .. .. 3% 3'i r,ak« MH 64 Wlnona .. ■■ 814 9 La Salle .... 14', 15 Wolverine .. 128 .... Mass Cop ... 4»i S Wyandot 3 -"', Mayflower .. Tl 95 Mass <!as .. W% 7914 Mcx Cons ... 214 3 do rfJ °4 P4'- METAL MARKETS NEW YORK. April 4 The market for standard copper was steady today with spot and April quoted at »12.77K®13.00. May J12.51MH3.00, June tll.MttOll-00 and July $12.85013.00. The London market was un changed with spot quoted at £,"« 2s Cd and futures at £59 6s. No arrivals were reported at New York today. Customs house returns showed exports of 945 tons. Local dealers quote lake copper at $13.25013.50, electrolytic $1.1 00@13.25 and casting at $12.75(513.00. Tin was easy, spot closing nt |SJ..OOOSB.JO, April $33.00933.10, May 133.02Hi833.15, June $33.06<333.20 and July $33.16833.25. fiaels were reported of five tons, July at $33.20. The English market recovered part of an openlne'loss and closed firm, but at a con siderable decline, with spot quoted at £100 12s 6d and futures at £152 12s 6<l. Lead was steady with spot quoted at M.4004.60 New York and »4.20©4.25 East St. Lioull. The London market was lower at £12 Us. Spelter was dull with spot quoted at H.UO 6.65 New York and $5.37Vi®5.4714 East St. Louis. The London market was unchanged to £13. Iron was unchanged at 61s 4Vid for Cleve land warrants In London. Locally the market was quiet. No. I foundry northern J18.00?j) 18.50. No. 2 northern. No. 1 southern and No, 1 southern soft $17.76@18.25. SUSTAINS TEXAS OiL TAX WASHINGTON, April 4.— The su preme court of the United States (!•■ --elded the MM of the Southwestern Oil company against the state of Texas in favor of the state, thus upholding the constitutionality of the Texas law which fixes a tax of 2 per cent on the grossa receipts from tho sale of oil, naphtha, etc. OIL! OIL! Security—s2ooo Wanted at Once Will turn over first mortgage, pay good rate of interest, re turn your money in 90 days and give interest in oil company that will make you a foftune in short time. C. B. CARR 500 CENTRAL BUILDING When to buy an OIL STOCK The one time to buy an OH Stock, provided the company is oper ating in absolutey proven territory and provided the stock Is listed, is before the bringing In of tho first well. After production begins, prices an' usually way up, and the dividend rate on purchase price does not compare With the rate on stock purchased before production iMiflni. Then, too, after production begins, the chance to make the first big profits on the stock is past. Buy Coallnn ("rude, which is listed on Los Angeles Stock Ex i n.uise, now while "before production" prices enable you to secure this at around 35c. First well should be completed early In April then production—then much higher prices. Full particular! <>t company, organisation, property and develop ment work furnished upon application by person or by letter. Pacific States Guaranty & Land Co. 614 11. W. Ili'llinun Bitlff., !.<>» Ajigtles, Cal G.E.AVERILL The Oil Man has removed to 626 W. P. Story Bldg., Sixth and Broad way. See him for Midway Lands and Leases FHO?nW: FSM3; Main 8151. V > Midway Oil Stocks and Investment*. Opportunity on Ground Floor, in New Midway I'rouiotion. ■ F. B. WOODRUFF. MB Central Bldg. Sixth and Main. I ~" BUY NOW At 100 a share STOCK THAT IN BIX MONTHS should be worth ONE DOL LAR • HYGRAVITY OIL CO. 404 Story Building. Maricopa Gushers A new oil company Is being or ganized to operate In the cream of the Mldway-Marieopa Oil Fields— In the giant gusher territory. We offer a small block of pre organizatlon stock to cash buyers only. We have opened books for subscription at be a share. This Is an exceptional chance to get Into the Midway-Marlcopa Oil Field on good ground with a good company. An oil proposition run by oil men. INTERNATIONAL INVESTMENT CO. 1013-1013-1011 I'nlon Trust Uulldlof, Fourth and Spring 8t« . Los Angeles. Our board of directors has authorized a public offering of our treasury stock at 30 CENTS A SHARE Los Angeles-McKittrick Oil Co. 824 I. \V. llflliiiiiu Bids;., Fourth and Malu streets. OIL Stock 15c • Share The ROCK ISLAM) OIL < <>. announce that (or a short time only it* treasury stock wl.l be offered for 15c a share. "A Hundred Hariri Well Is Worth (100.000." ROCK B- I.A.NX OIL CO.. m-417 I aufhliu Bid*., Jli South Urmidnaj. 13