Los Angeles herald. [microfilm reel], May 08, 1910, Page 13, Image 25

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

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

                
PART II
=—= OFFICE OF THE =^_
Midway View Oil Company
402-404 Laughlin Building, Los Angeles
Capitalization $1,000,000.00 Treasury Reserve $825,000.00
DIRECTORS=
LEE C. GATES, THOMAS HUGHES, DR. J. T. STEWART, THOMPSON,
> Title Insurance and Trust Co. Hughes Mfg. Co.; Western Union Oil San Fernando Bldg., Los Angeles. Title Insurance and Trust Company
Co.; Rice Ranch Oil Co.; Fullerton ROBERT N. BULL A,
Oil Co- Secretary Central Oil Company
This corporation hereby announces to the investing .public that important developments now under way will cause a radical advance in the selling price of our stock _______—-—.
during the next ten days. Full details in regard to this matter will then be made public. A limited amount of our first issue of Treasury Stock at 25 cents is open J\XJ| |- j- ]|J ~ \r -V ' ' > ; f -
to subscription, and orders received for the same will be honored up to the time any portion of this issue remains open to subscription. h»llh- '£'... .^SSS^-:f^tX. —%•.:. ...*&*...
The present property of the corporation, consisting of Forty Acres located in the heart of the rich Midway oil fields, in the N. of the S. E. of Section 2, T. 11, 'standard gusher' All\ ;] ' \ ' C'r' }' V
R. 24, is proving even more valuable than we had anticipated, owing to the recent strike of rich oil sands at a depth of 1200 feet on the property just across a quarter I ■ -\ . , l.\ ' {•„ , j, , L—^
section from our land. Other negotiation* and immediate development of pur property will make our stock the greatest of all the California oil investments AT y« |Jh V • aj\ JmJ' 'J^ ' JjL,*
DOUBLE ITS PRESENT PRICE. . - ■ , . P^r'- , ..„„.„.„ h^*®^"-^^- -"*-«\ W■*&■"" •**?!--p-"--;
With our present issue all subscribed at 25 cents per share the stock will represent a cash investment of $93,750.00, and a stock treasury reserve of $625,000.00 .«£ ,„„ ,f\ ( ;.- \» j. ; |J ' jj^ j
and an ample working fund in bank to prosecute immediate development. tJ „ „ , • , -u-i, r^W.l^^V^"^^J&^"^ ~^lT*p
We have oil in paying quantities under every foot of our land. We have our first well in oil, and, barring accidents, should be in the producing class within the — 'T~~W^ l ' J^vWjH^l," Tf \J ;
next 60 days, Interview us at once and secure a portion of this remaining first issue before the closing of important negotiations, now in progress, causes an advance • £i~^ .: A- ; J^KUu^....-^ii'.r.J
in the price of this stock far beyond its present selling price. Maps and information mailed upon request. ■•«*;»""" i?/X-" "^•'■^•jirl•»«-.2"^IJ'lf1^ —« ''~"\\
i JP'tPA p^r~j;'.: • \jyl''. •'■*'*■ Siß jl\ ,' ••♦•
1 -iitK-sSSC „ . Midway View Uil Co. iii^giMii!§t
I, the undersigned, hereby subscribe for share. 1 /•.. . * '^^T^'O^f tsM^JK /"P^^fe^
of tho stock of the Midway View Oil Co. at the price of ' 1-g • T^ 1 t "*" f "^^/^H \ \X>* T^' S)^ '—^»mI
,ont, por Hhi.ro and h.rowilh Inolo-i- dollar. 402-404 Laughlm Bldg., Kv^To-PSl^^
in payment tlnnof. -TtV/T: J-/<1 tig 111 J-H UIMg.J »-<>^VSl ' Oi* L r- V'Lj fi6 ' C-l J
Certificate of stock to bo issued to i^^^CV\ '^i— •^'"' r ' "^^^ t **"•"• I
Aar.,::::::::::::::::::::::::::::::::::^:::::::::::::::l Los Angeles, Cal. ' r^>-b>^;Fra^err"l.
MINERS ESPOUSE
OIL MEN'S CAUSE
Sierra Madre Club in Interest of
Southwest Addresses
Members of Congress
PICKETT BILL FOR MONOPOLY
Letter to Senators Asserts That
Measure Would Conserve
Oil for Railroad
• At a meeting of the directors 'if the
Sierra Madre club, held Friday, it was
decided to take further steps to aid
the fight now being waged on behalf of
the oil operators of California, and
with that idea in view the following
letter, sent out under special delivery
stamp, has been forwarded to every
member of congress. ! It will bo deliv
ered at "Washington a few days after
the arrival of tho delegation which left
Thursday night, and will greatly assist
in bringing to the attention of congress
the gravity of the situation as viewed
in California:
• "The Sierra Madre club, the first so
cial organization of its kind In tho
United States and consisting of nearly
250 of the leading oil and mining ope
rators of the great southwest, respect
fully bespeaks your attentive consider
ation of the views of the delegation of
oil operators now on its way to Wash
ington to protest against the enact
ment of the so-called Pickett bill and
other similar measures which seem to
threaten the very existence of the great
petroleum industry of the state of Cali
fornia.
"The ""delegation, which consists of
eleven well known men, seven of whom
are members of thin club, is hacked by
the united support of the thousands
engaged directly In the production of
oil, and,by all those who realize the
immense importance of . this Industry
upon tho commercial supremacy of the
entire state.
' ./.'" CANNOT CONHKUVK Oil.
"We submit to you the evident fact
that from. the very nature of Its oc
currence oil cannot be conserved in
the same way as coal or other mineral
products. Through the (311 fields of Cal
ifornia tho Southern Pacific railroad
owns every alternate section of land,
under United States patent, and it is
certain that the reservation of the gov
ernment land will permit this corpora
tion to drain tho same through wells
on Its own possessions, in its own
time, and to the everlasting loss of the
independent operator and the entire
state. In other words, the question of
true, conservation does not . enter Into
this matter in any way; but If the
Pickett, or any other. measure, should
eventually 'become law, it will bring
with it merely conservation of the mo
nopoly of the Southern Pacific railroad,
corresponding •• injustice •to the hardy
men who v have developed the fields to
their present state of productiveness,
and tremendous loss to the entire state.
"For these reasons," and, for many
others to be presented to I you |by the
delegation in person, the Sierra Madre
club respectfully asks that you at least
consider :the matter from the viewpoint
of the delegation, and then, if consist
ent with your sense of Justice, you do
all in your; power, to preserve for the
people the right •to the fruits of their
labors in ■ taking ■ from . the ground a
fuel which Is of the most vital impor
tance to the commercial development
of the entire Pacific coast." • ;
» —
ABOUT 1500 BARRELS
COAUNGA, May 7.—The Kern[Trad
ing 'and Oil company, on section 35
--19-15, lias brought In well No. 11, which
Is now making about 1500 barrels v day.
TWO OUTFITS ERECT
DERRICKS FOR RACE
MAHIfOPA. May 7.—A lively rare is
promised MtWOfln the (!. K. OH oom
pany, which la drilling the Wheeler-
Bancrofl hodllnpi southeast of Sunset,
and K. E, Qrahain, on the northeast
quarter of section 20-H-20. .Some tiino
ago Qraham unloaded rig materials
there, but has not yet built a derrick.
The <!. I!., which claims the land under
an older location made by tin- Wheeler-
Bancroft, shipped a rig into Connor
■tatlon and is now haulinK it over.
Both parties, it is understood, will im
mediately start to work building der
ricks. William <'asey, formerly super
intendent tor tin- Wheeler-Bancroft,
has taken charge of the work fur the
(!. It. There are two nood water wells
on the Wheeler-Bancroft which will
supply water to the (i. EL It is not
known what arrangements Graham has
made for water.
No further work will be done on the
Wheeler-Bancroft hole for the present.
CALIFORNIA MIDWAY
FLOWS 1000 BARRELS
Well No. 1 Maintains Steady Out
put-No. 2 Will Probably Sur
pass the First Producer
Tho California Midway Oil company,
which is already getting- a steady flow
of 1000 barrels a day from well No. 1,
is building great expectations on Its
well No. L', ROW down 1642 feet, with
the special California UVi-lnch casing.
It la the intention, according to-Treas
urer A. T. Jergins, to continue this
casing down to 1800 feet and then run
10V»-lnch casing 1000 feet more.
This will take it through all the
water strata, and enable the. drillers
to go into the oil sands with 8%-lnch
easing. This is twice the size of cas
ing used by any well In the district,
and a proportionately large (low is
expected as a result.
well No. 1, one-quarter of a mile
away, has only 4Va-inch casing, and Its
1000-barrel output is the basis of the
computation that No. 2 will produce
at least 2000 barrels.
No. 1 jumped from 700 barrels to 1500
when the circulating tube was sunk
to within four feet of the bottom, but
this ma only Intermittent, and the well
lias settled down to a steady 100-bar
rel basis. So long as it keeps this up
there will be no attempt to force a
further Increase.
MIDWAY VIEW DIRECTORS
VISIT COMPANY HOLDING
Thomas Hughes, Senator N. W.
Thompson and Dr. J. T. Stewart, di
rector! of the Midway View Oil com
pany, and Charles H. Treat and Thom
as Cassou of the same company, left
yesterday for the property.
This company is said to have obtain
ed options on one of the choice tracts
of land near the Lake View, gusher.
FOR LAKEVIEW SAND
MAKICOPA, May 7.—The M. and M.,
on the south half of the northeast quar
ter of section 36, 12-24, Tuesday started
to drill through the cement in well No.
7 (ill the east line, which Is being drilled
for the Lake-view sand. The water was
cemented off at 1925 feet. The Lake-
View entered the big sand at 2525 feet
(ii- thereabouts.
SHOWS GAS AND OIL
COAUNGA, . May . 7.— Reports from
Urn Bohemian on section 22-21-15, which
are being kept quiet,,are.that there is
a * showing of both.gas > and oil, a The
hole 15:3640 feet deep* with 6 5-8-Inch'
casing.;
LOS ANGELES HERALD: SINDAY MORNING, MAY 8. 1010
PALMER NO. 2 STARTS
BETTER THAN GUSHER
May Eclipse Famous Santa Maria
Well Although Finished
at Less Depth
SANTA MARIA, May 7.—Palmer No.
3, finished at a less depth than No. 1,
tho gusher, is making several times
as much oil as the latter at the same
age. It Is probably good for a daily
yield of 250 to 300 barrels and It would
occasion no surprise if the well should
enter the class of big spouters when
the sands are out of the way.
The future of the Stendel No.. 1 ia
generally thought problematical, owing
to the water troubles, but the ground
is proved to the fullest extent. Six
wells are pumping in Cat canyon, viz.,
the Palmer's two, the Union's Bell
N'os. l and 2, the \.em Alamos Petro
leum No. 1 and the Dome No. 2.
News is encouraging from the west,
New Pennsylvania and Henderson.
The Associated is getting nearly all
tho Palmer's output, as the amount
only exceeds by very little what the
contract calls for daily. What is left
over goes to the Union under con
tract that gives that company tho
second call on the production.
SANTA BARBARA CUTS
OFF NORTHERN CRUDE
SANTA BARBARA, May 7.—Since
the Union was refused leave to land
Santa Maria oil from its tank vessels
and withdrew from tho local market no
northern oil has come here. AH the
local consumption, Including fuel, gas
and road making oil, comes from Suin
merland and Santa Paula.
The rate from the latter point is
much loss than from Santa Maria. The
Associated is making no effort to get
trade, although its pipe line terminates
at Gavlota, where either rail or water
transportation is to be had. Local con
sumption amounts to a few hundred
barrels daily.
MERCHANTS AND BANKERS
WILL START THIS WEEK
BAKERSFIELD, May 7.—The Mer
chants and Bankers' Oil company, which
recently took over the northwest quar
ter of section 20, 28-28, formerly the
property of the Reed Crude, is. getting
ready for active development work un
der tlte superintendency of H. J. Ty
ler. Mr. Tyler has been laying a water
line from the Rahbler lease, and ex
pects to start drilling about Saturday.
He plans to' put down eighty wells.
Superintendent Tyler was formerly in
the Burmah oil fields.
WILL RECONSTRUCT MILL
GOLDFIELD, May 7.—Structural
steel and other material for recon
struction of the damaged portion of
the Consolidated mill will begin to ar
rive during the coming week, and re
pairs will be rushed to completion as
fast as possible. All of the debris has
practically been Cleared away, so there
will be no delay in reconstruction
when the material arrives. The mill
is running smoothly with seventy
stamps, and handling from 600 to 650
tons of ore a day.
TOOLS DROP IN WELL
MARICOPA, May 7.—The Ethol D.
No. 7, on the south line of the south
east Quarter, 36-12-24, struck :i a' gas
pocket Monday at 700 feet which threw
tho tools out of the hole. ,In coming
down I the weight broke the cable, and
the tools fell back Into the hole, neces
sitating a fishing Job. . .
" These 'gas: blowouts, are frequent In
this locality, but are not always so
severe. • ■ ,■ .
DRILLER EXPECTS GUSHER
SAND IN SECTION 15, 31-22
BAKERSFIELD, May 7.— T. F. Fox
of Lompoc, who recently purchased
the southeast quarter of the southeast
quarter of section 15, 31-22 from J. C.
Yancey, is goinp down alter the. gusher
sand, which Mr. Yancey and other!
declare is certainly under the land. Mr.
Fox has one 100-banel well finished
at a depth of about 1000 feet, and is
down 1090 feet on the way to the ex
pected gusher stratum. The fact that
the first sand yields so well is con
sidered a most hopeful sign.
Section 15 adjoins the Bear creek
land on the west. It is about two
miles northwest of the Santa Fe's
latest gusher on section 25 and is in
direct line with the trend of develop
ment in the North Midway gusher
belt.
Yancey and his associates retain the
southwest quarter of the same sec
tion.
WORK WILL BE STARTED
ON SAWMILL FLAT DAM
NEVADA CITY, May 7.—Superinten
dent W. G. Shand of the Northern
Water and Power company expects to
start work on the big dam at Sawmill
Plat, ten miles above Granvllle, in
about a week. There is still some snow
in that vicinity, but It is expected
within the. next week it will be possible
to get in the needed supplies.
Work on the new dam will be rushed
as fast as possible, and by snow-Hying
time next fall it is expected to have the
barrier well under way. Last summer
nearly 100 men were employed on the
dam, and there will be another big
crew there this year.
It will not be long before the Middle
Yuba Hydro-Electric company starts
operations In the vicinity of Granlte
ville. They intend to employ a large
crew building flumes, ditches and dams,
while it is expected that the power
house on the Middle Yuba river will
also be erected.
Everything points to a lively summer
in the Granitevllle section, as the mines
will be working more than ever before.
CLAIM JUMPERS RELOCATE
PROPERTY IN LITTLE SESPE
SANTA PAULA, May 7.—A land
jumping (aver has broken forth In the
Little Sespe canyon, and several claim!
on which the Union has hud locations
for years, but has done little or nothing
towurd actual oil development, have
been relocated by new companies and
by individuals. Several companies that
are being much advertised are said t"
be on land jumped from the Union. The
liruntons, who launched the Elk Con
solidated, now the White Star, the
Cosmopolitan ■ and the Mutual, and
have just put out the Little Sespe Oil
company, have gone on several Union
claims and are in possession.
So far the Union has shown no dispo
sition to fight. In fact, it seems dis
posed rather to let the jumpers go
ahead. The matter is belittled by the
company. So isolated and difficult of
access is the region that what la
learned of the conditions is none too
definite. It Is known, however, that
the Revelation claim is among those
Jumped.
M'KITTRICK.SUNSET REPORT
Bulletin 406, the preliminary report "n
the McKittrlck-Bunset Oil region, by
Ralph Arnold and Harry R. Johnson,
was received from Washington lust
night, but not in time for any particu
lar mention to be made of it this mor-
Ing, Those interested In the' subject
can obtain free copies of it from the
director, United States geological sur
vey, Washington, i>- O.
ELSINORE IS READY
■ COALINQA, May The Klslnore Oil
company, on sections 8 and 12,. 22-18,
lias a full standard rig, bunk house and
cook house, and will rig up and begin
drilling this week.
Map of the Midway Oil Fields
Showing Its Wonderful Gushers and Producing Wells
THIS IS THE r — v MIDWAY PREMIER property is in the very heart of
PROVEN TER- V-3/-22K this proven belt
RITORY. We T\ X In each section that adjoins us there are gushers. North,
have 40 acres of \ \ East, South and West, completely surrounded and abso»
patented land.and bS£X* ~\ luffrg£ prOdUCtive An investment ' and not a
our stock selling —i ~~/\ 3/.9 A Why take chances with a company whose land is
at 25 cents. There yS 1-• •* X o £ doubtful value, not patented and miles away
is no Other com- ==* spur wcwaSl from producers?
pany offering .1 is\ft" ie! , X The MIDWAY PREMIER COMPANY
stock to the pub- <&»« ~ '. *$>**%,. /> Low \ paid to Hale, McLeod Company $25,
-lic that has forty muimona- ■ rr , f . \g-^l \ 000 cash for their lease on 40 acres of
licthathasiorty Mum^oic S*//^« *w \ patented land, and Mr. Hale states
acres of patented A aßmt /^jf"' \ they were offered $1000 per acre
land within miles tntf>lCM ;,- — rv.y X ; for the entire section since.
of this section. "£««£' ar *»** o JS, "!g%&\ The LA BELLE CO one-half
'-^S^^ *rA»I»» O O,LC* 2^_A. mile east, refused $4500,00
EXAMINE t» fT. ... • GT ®'" ■ -„ . \gr tS " Per acre, recently.
THE MAP! 3*~~" in^3|73i£n ijK TWO COMPLETE
CONVINCE '^"ZT W. fore* %\ ~\ '" , 7 \ Standard Rigs are
YOURSELF! VI , tt^j./iXm:Liows ST X now ton the prop
xyju^wLtr. \a , < JJ^L:^. "jV erty. Active
rApiTAi warn V- Ef X :" ai°0"\ h work has begun.
i nnn mm Ss \ I^"^ " :"JP"~™&A~ wF^wot We are confident
1,000,000 SHARES. \| •' . .** —*-&«.««! % !„:„„;„„ ;„
TREASURY STOCK \^^^ff^"^^ our dwells a"
V^ "fSS^t^
laws of California. ,V,>" *£*£**£ . COX of 1800 feet th-
PRESIDENT, A. J. SNYDER, \^J<?V^>V V'^and in 90 days, when
Capitalist and Real Estate Operator NKc^J ( .■;:>; \)c*rwtmm the stock will be
of Oakland, Cal. \\/ w1;7"r": . \*" "* worth more than
VICE PRESIDENT, FRANK N. \H £• / jWa^o $1.00 per share.
SMITH, Prominent Real Estate Dealer of V ''"^^^'"^"'f'- f^^®
Oakland, Cal. ■ \e*cm»»r«o. I 7% TIJ e *J «"«*"
SECRETARY, HARRY ■W. THOMAS, \ /V \ 32-23 ment of 50,000
Successful Oil Operator of Bakersfield, Cal; also \ f Zl^tiJi r- shares at 20 cents
Secretary of the E. P. T. Oil Co., S. W. & B. Oil VE,f*S!V.: M was quickly sub-
Co, and Illinois Crude Oil Co. V-7 %#- t^iZs . scribed.
TREASURER, KERN VALLEY BANK. V •.?'<*"" A second ...
DIRECTOR, HON. TIMOTHY SPELLACY Owner of \ 'J£ 4 6 to^ent Oat 25c
Oil Lands and prominent Oil Producer, also President of V/ lOtment at MC
the following successful companies: Mascot Oil Co., Premier \J."«2» » noW offered
Oil Co., Lockwood Oil Co., and Illinois Crude Oil Co. X tothepublic
DIRECTOR, RUFUS G. SMITH, Capitalist, Oakland, Cal. > L^ while it lasts.
Midway Premier Oil Company
- M. Franklin Kline, Fiscal Agent
806 Story Building Los Angeles, Cal.
WILL INSTALL ROTARY
MARK.'OPA, May 7.—Tim One Eleven
Oil company, on the northeast quarter
of the southeast quarter of l-U-38. U
down 350 feet with 12H-'ncll casing and
is considering tho Installation of a ro
tary if prompt delivery can I" 1 .s'rurecl.
FRANCE WELLMAN EXPANDS
The w.iiman Oil company Is closing
a deal whereby It will add eighty acres more
to the 200 It now has In section 30, Midway
field. Several of the directors of tho company
will leave for an, inspection of the properties
today, taking with them J. C Fiance,, a new
fcharehol4er (rum , Columbus, O.
OIL MEN-Attention
HE 111 ll.l> SKCTIOXAI,, HEADY MADE AMD I-lIRTAJIf.K lIOISES.
Just tho house for the oil field*. All sizes. Low prices. Delivered
and erected at once. Call, write or see
H. J. BRAINERD & CO.
riu.ne A 4740. SOT Chamber of Commerce, Ixw Angete*, C»J.
13