Los Angeles herald. [microfilm reel], May 10, 1910, Page 11, Image 11

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

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

                
From Mines and Oil Fields
STOCKHOLDERS VOTE
N PHOENIX EXTENSION
Chief Interests in El Paso and
Southwestern Favor Build
ing Road to Capital
BIBBEE, May 9.—The stockholders of
the 831 I'iiso & Southwestern will vote
on the proposition to extend the rnll
road from lienson to Phoenix, June 1.
If the majority of'the stockholders
Favor the rhoenix extension, It settles
tor :ill time the question of this road
being built Into the Salt River valley
and assures Phoenix what will be part
of another transcontinental railroad.
Vive President A. C. James, who was
in I'hoenlx recently with Walter Doug
las, made the announcement in lilshee
that the stockholders were being called
to a special meeting to vote on the rail
road extension.
That the directors and officials of the
Ell l>iiso & Southwestern have already
decided among themselves on the pro
posed Benson-Phoenix extension !■
plainly Indicated by their action in call
ing this meeting of the stockholders.
Walter Douglas has paid no fewer
than three visits to Phoenix during the
past few weeks, each of them for the
purpose of looking over phoonlx and
the Salt River valley as a field for the
HI I'aso & Southwestern road.
On the last visit Douglas brought
Vice President James, and after the
latter had viewed the local situation
it is said that all question of the ad
visability of extending tha road here
was removed.
All that can now prevent the Impor
tant announcement that Phoenix Is to
have the El Paso & Southwestern is the
vote of the stockholders to the contra
ry, and this is highly Improbable In
view of the fact that James, Douglas
and those they represent hold a biff ma
jority of the stock In the road.
'RED BOOK' IN SECOND EDITION
The second edition of the "California
Red Book" haa Just been published by
the Crown Oil company, \V. P. Story
building, Los Angeles. In the new edi
tion is a chapter on Midway and a re
lief map of that busy field. The con
tour of the Buena Vista and Elk hills
Is clearly defined in this map, and gives
the reader at a glance the location and
topography of the large producing
holdings and other properties of the
territory. ________^___
FREE
A BIRDSETB VIEW MAP OP
MIDWAY
THIS BEATS THEM AM.
IT IS A CKACKEKJACK AND ITS COR
RECTNESS WILL PLEASE AND
ASTONISH XOV
SECURE ONE OF THESE FREE MAPS
It's the next best thing to an actual trip
to America's greatest oil field. At one
glance and Immediately before you Is the
famous Lakevlew gusher. Nine miles In
the distance Is seen the Mays gusher. This
map Is for stock Investors or those later*
tested In oil— and ITS FREE. '
TILE DEMAND WILL BE LARGE —TILE
. SUPPLY SMALL.
Call early this week or write for a FREE
COPY. EVERYBODY WILL WANT ONE,
, SO HURRY.
WAY C. WEST
711 Story Building-,
Los Angeles, Cal.
MIDWAY MARICOPA
CRUDE OIL STOCK i
6c —Going To 7J£c
without notice. Directors Insist on 10
CENTS at any early date.
INTERNATIONAL INVESTMENT CO.,
1013 Union Trust Building,
Fourth and Spring Sts.
legislation going on in congress. The
Maricopa Oil Company
StOCk at Your Opportunity to
I^. >^^ hJs Make Money on 40
A \f^ This Company now operating on 40
1 1 II acres of ground in the center of Sec.
AY 32-12-23—GUSHER GROUND.
Limited Block of Stock at 10c
per Share—-Bound to Advance
Order Stock Today from
Southern Investment Company
Suite 222 I. W. Hellman Bide.
411 S. Main Street / Los Angeles, Cal.
N^^, y^^ *'••.'•..'••. DIRECTORS
■i' 4 *S-£fr^?<J- *o \ '' ' •• \ John E. Wilson, Pres. .
C/% /4sVo^^/\V^^ 0 ;"*•. V Minor S. Mick, Vice Pres.
%■■•••.'■■••• c^v o^v^? o ====^=
•-•-■••••-■••-•■> ■•.,;^v^ Shares 10c
JAMES WYNKOOP
EASTERN OIL MEN
MAY INVEST HERE;
WILL VISIT FIELD
A party of easterners en roule to the
Siik Joltqllln oil Held* st<>in><'<l in I.oh
Angeles yesterday to look around. In
the party, which arrived In a private
car, were W. F. I/emley, a broker and
oil man of Flttuhiwr i D. C. Talhnt, a
WiMbJnffton attorney; Charles N. Wil
lliiiiih, an attorney and oil man of Rich
mond, V«.: A. A. McKnlglit, a mining
■xpeil of itanw
Ilt la mi ill the trip I* being made with
a view to Inverting heavily In oil land*
111 California. •
VISIT IRON MINES IN
SAN BERNARDINO COUNTY
C. Colcock Jones has returned from a
ten days' trip to his iron mines near
KellOi San Bernardino county.
These mines already have several
million tons of high grade bessemer
ore ready for quarrying, and a shaft
is being sunk to prove the property. In
depth.
Th«! ultimate intention of the owners
la to utilize this deposit in a manu
facturing plant In Los Angeles.
ACTIVITY INCREASES
IN KETTLEMAN HILLS
The many reports that are coming
In from the east slope of tho Kettle
man hills suggest increased activity
In that district. A rig has been built
on section 13, 23-18; lumber and rig
timbers are on tho ground for a full
standard rig on section 22, 23-18. A
large amount of material is on the
ground for rigs and buildings in the
vicinity of the Baird Oil company,
waiting the development of tho com
pany's well.
It would appear from investigations
mado that all mineral lands have beon
located, cabins and men are on a num
ber of sections, indicating a determina
tion on the part of the promoters to
hold the land ngalnst Jumpers. Loads
of material are being hauled every
day; considerable road work has been
done through the hills to enable ma
terial to bo landed where wanted.
A large acreage In township 22 south,
range 18 east, stands of record In the
name of Rudolph Spreckels, and many
predict that there will be considerable
development work in that locality soon.
PRICES OF METALS
IN NEW YORK MARKET
■KTW YORK. May B.—L«ad—Dull; <♦>
$4.26<8>4.27»4. <t>
Copper—Firmer; standard spot. i>>
$12 06ig.12.30; July, lU'.Ou'u 12.33. ••-
Silver, (3 6-Bc. <•>
STEADY INVESTMENT
Industrial Oil Co. i.t 60 cents por
share, paying 12 per cent per annum.
Production 67,000 barrels monthly. For
full Information, 706 Story building,
Broadway and Sixth. Charles Victor
Hall, Pesldent Industrial Oil Co. tf
Ik "OIL SECURITIES" o-t*i
A complete map of Coallnga field; quotations on all listed 01l stocks; complete
table of dividends paid by California Oil Companies. Expert figures on production
and consumption. Photos of leading nil properties Pages of Interesting oil news
We will mall tills free to those sending In this coupon.
COUPON
PACIFIC STATES GUARANTY AND LAND CO., 614 H. W. Hellman BldK
Los Angeles:
Gentlemen—Please send me. free of cost, copies of magazine, "OIL SECUR
ITIES," for six months—this without any obligation whatever on my part.
Name ,\
Street and No City H5-10-12-14
LOS ANGELES HERALD: TUESDAY MORNING, MAY 10, 1910.
STANDARD UNLOADS RIGS
FOR EIGHTEEN WELLS
Prepares to WifHcat Extensively
in Withdrawn Territory of
Kettleman Hills
Word has been received from Hu
ron that the Standard Oil company
has recently unloaded several car
loads of lumber and material for drill
ing rigs, and it Is said that company
is getting ready to drill eighteen wells
In the Kettleman hills. The Standard
has been noted for Its wildcat opera
tions In California, but evidently the
big company has some good reasons
for starting eighteen rigs to hold loca
tions In the hills.
Most of those operating on govern
ment land are holding back, and are
not even erecting derricks without be
ing forced to it by some person Jump-
Ing the land. But the Standard seems
to have no fear of any entanglement
with the government, and the material
at Huron substantiates this fact.
On the other hand, there Is a pos
sibility of some arrangement with the
original locators on the land, and the
Standard may be expending the money
for rigs and taking a chance that con
gress will uphold the withdrawal of
land, making It effective only upon
operations begun after the bill goes
Into effect, if it does.
MINING QUOTATIONS
NEVADA STOCKS
Exclusive dispatch to The Herald by L,. A.
Crialer & Co., memberH Los Angeles stock
exchange, 2UU-201 1. W. liellman building, Los
Angeles.
BAN FRANCISCO, May 9.—A brisk advance
In almost the entire Tonopah group was the
chief event In today's mining markat on Bush
street Tonopah Mining closed with a. gain of
56 points, Belmont 35, Tonopah Extension 18,
Montana 11, West End 4 and Jim Butler 8. At
one time during the session Tonopah Mining
reached 19, Belmont $3.70 and Montana '.IBc.
In the Goldlleld Hat, Consolidated gained 10
points, closing strong with $8.10 bid. Jumbo
Extension wan up 2 and Atlanta 1. Florence
lost 2* and Booth 1.
The annual meeting of the Combination Frac
tion Mining company whs again postponed un
til May 2t>, wheu Oeorge Wingfield, prexldent
of the company, Is expected to be present.
Following were the closing quotations:
QOLDFIELD DISTRICT
Bid. A:.k. Bid. Ask.
Adams 1 Great Bend.. 2 3
Atlanta 13 15 Kewanas .... 6 6
Booth 13 14 Gt Bend An.. .. 1
Bl BEx 1 Orandma .... 1 2
Blue Hull ..4 5 Jumbo Ex ... S3 26
B B Bonan.. .. 1 Kendall 3
Columb Mtn. .. 7 Lone Star .. 2 4
Conqueror ..1 2 Lou Dillon .... 2
L'omb Frac. 47 49 Mllltown Frc .. 2
Crarkerjack.. .. 2 Moh Ex 2
Daisy 6 7 Nev Goldfield .. 2
Triangle .... .. 1 Oro 5
D B B Con. .. 1 Red T Ex... 1 2
Dixie 1 Red Hills ... 3 5
Empire 2 Sandstorm .. 4
Florence ....217H 200 St Ives 14 15
Flor Ex 1 Silver Pick... 8 9
Fran Moh ..2 4 Yellow Rose. .. 4
Goldflld Con.Blo 815 Xellow Tiger. 3
1 TONOPAH DISTRICT
Bid. Ask. Bid. Ask.
FJelmont 360 3C5 Rescue Con.. 1 2
Jim Butler.. 19 20 Ton'pah Min.Sß.~i
Midway .... 27 .. Tonopah Ex. OS 100
Montuna .... 96 87 Wst End Con 40 41
BULLFROG DISTRICT
Bid. Ask. Bid. Ask.
Amethyst ... 1 2 Montjrm Mtn .. 1
Bullfrog Mln 1 2 Mayflow Con. 1 1
Bullfrg Nt B 1 2 Tramp Con.. .. 4
Uonnle Clare 8 .. Val Vlow 2
MANHATTAN DISTRICT
Bid. Auk. Bid. Ask.
Manhat Con. 2 3 Mustang 2
Manhat Mln. .. 1 Beyl Humph. .. 1
llanhat Dox 4 6 Thanksgiving. 3 5
OTHER DISTRICTS
Bid. Ask. Bid. Ask,
Haicle's N«it 2 4 Pitta Bllv Pk .. TO
I'vif-w Eagl 10 11 Round Mtn.. 49 CO
Ne.v Hills 65 Coalition .... 25
BOBTON MINING BTOCKS
Special service to The Herald by J. C. Wil
son. 212 West Fifth street, Los Angeles.
BOSTON, May ••—The market opened at
slightly higher prices all around. There was
no snup to the buying, however, and during
most of the session the market was very null
and prices were Inclined to sag. The local
market prices rallied In connection with the.
strength In New York, but the s-verage holder
of copper stocks Is still pesslmlsltlc. The
copper producers' report was very unfavorable,
showing an Increase In surplus stocks of over
18,000.000 pounds. There are no large amounts
of stock pressed for sale, but we anticipate
lower prices for the metal and a consequent
break ill copper stock.
Following were the closing quotations:
Bid. Ask. Hi.l. Ask.
Am Pneu .. lift 6V4 Michigan .... i'.i 5
do pfd .... 17V4 IS Mohawk .. .. 48 50
Adventure .. B>4 6 Nev Con ... 19 19%
Allrmcz 41/4 42 North Butte.. 32 32%
Atlantic .... 6/4 7 Old Domln .. 34 32%
Arcii.llan ... i% 6 Osceola .. ..13:iV4 134
Ariz Com... 15% 15% Parrot U%. ..
Apm 3 3'/i Quincy 78 7614
Boston Con.. 18 18 ISanta Fe ... 1% 2
Patented Oil Land
Coalinga Field, Section 30, Township 19 South, Range 15 East
Proven Land $1000 an Acre
KERN RIVER FIELD
51 Acres, Section 34, Township 28 S., Range 28 E.—ssoo Acre
80 Acres, Section 14, Township 28 S., Range 27 E.—slso Acre
KYLE-DA VIES COMPANY
438 Citizens National Bank Building
300 Acres
Patented and Proven Oil Land
COALINGA FIELD
L . J Patent Sec. 30, T. 19 S., R. 15 E. Title Perfect
iPfir^ <BM AHA can A s^vr^ One Fourth Cash
i riCtJ -iJpJLUv/V/ all X\.Cie Balance 4,8 and 12 Months
====== Will Subdivide in Small Tracts ————————
R.I4E; IS E.
, i II • ■^fr?'*? I ',
.!.Lj i -•. ; - Scl - 9i • 13 ,?.?-«.; 4 A- 5 ,2
.-—:: J , -1 I I LiXfSi -. #* .|^^ !«^«—i*ei"
s»jncii»s^ } 1 —/ .-«•* 5 tft.Tr.ix -
I 1 f I ■» • ■ . I.m a I - |«'»i»»*«^»"O».
f I y w *#^i # > B r_9 ♦ • ## #
■^^Oj^- ft "IB |g • • ••• # " •*• ••• •• •
,^i i4^# fTao^^^ Vm:: .^:
>w.p^^ n.^4^ 'j^r|p •!• SB I^j^a
f' /c" 11 !sj jlf j \^ o
„ f. .^ H :>t r^ - * '
-; r 7wf-T Tit * *i|:;.?f..r " United States Geologic and Struc-
I irlh-w^i--^ tural Map shows the character of
* !T"r|' # I formation on Section 30 to be
O ; • »>m» *je<y * • • • ■
"I --^o/jjL;! 'l-^ 7:]N|i' i identical with that found on Sec
.r?_.l!?-:S. L^r^ti tions 22, 27 and 28 in same
.:...: Township.
<»//.<a«*i <?//^o: p^ , ____^ — «____________>_.^___________________
U. S. GEOLOGICAL SURVEY BULLETIN 398,- JUST ISSUED, STATES:
COALINGA OIL DISTRICT PRODUCED OVER EIGHT MILLION BARRELS IN 1907, OVER ELEVEN MILLION
BARRELS IN 1908, AND OVER FIFTEEN MILLION BARRELS IN"1909. . A TOTAL PRODUCTION TO DATE OF
OVER SIXTY-THREE MILLION BARRELS OF OIL. COALINGA HAS 550 PRODUCING WELLS, SOME OF WHICH
YIELD 3000 BARRELS PER DAY. THE COALINGA DISTRICT IS THE LEADING PRODUCER IN CALIFORNIA,
AND ONE OF THE MOST PRODUCTIVE IN THE WORLD.
NOTE— THE ABOVE REPORT WAS PREPARED, 74 PRODUCING WELLS HAVE BEEN ADDED TO THIS
FIELD, AND TOTAL PRODUCTION FOR MARCH, 1910, WAS OVER 1,600,000 BARRELS. „
THESE ARE FACTS. WHY INVEST IN LOCATED LANDS? START WITH A PROVEN ASSET. FOR FULL INFOR
MATION SEE
KYLE-DAVIES COMPANY
Phones—A37oB, Broadway 5051. 438 Citizens National Bank Building.
Butt* Coal"n 19% 20 Shannon .... 10K 10%
Calu & Ariz 60 61 Shoe Mach... «9% 70
Calu ft He0.E.85 5.10 do pfd 29 2!l'l
Centennial .. IS 17 Sup Copper.. 41 41%
Con M»rcur. 10 17 Hup and Bos 9% 10V
Cupper Bag* Gr.% 66 Sup and Pitt 12 12',;
Corbln 11* 18 Swift IC4 105
Daly West.. S 8H Tamarack ... 48 60
Blast Butte.. 714 8 rlnlty 1% 6
Elm RlT»r.. Hi 1% United Frult.l7B 180
Franklin ... 11% 12 U S Smelt .. 41 41*
Oranby .. .. 41 42 do pfd ..... 49H 49H
Greene Can. 8% 8% Utah Con .. 20V4 11
Hancock ... 18 20 Victoria .. .. 3 3%
Isle Royal*. 18 17 Wlnona .... 8% ..
Kewwenaw ..3 4 Wolverine ...113 115
Lake U» 12 Wyandot .... m 2
La Sail* ... 11V4 12 Mass Gas ... *l% 81-H
Mass Copper 6% 6% do pM 91H 92
Mayflower .. 60 75 North Lake.. 11 11%
Mcx Con ... 2 214 Indian* 17% 18
Miami 23 22%
SAN FRANCISCO OIL STOCKS
Service to The Loa Angeles Herald by L. A.
rrlsler & Co., members Los Angeles stock ex
change, 200-201 I. W. Hellman building. Los
Angeles.
SAN FRANCISCO, May ».—Following were
today's quotations on the California stock and
oil exchange: —Cpanlng— —Closing-
Bid. Asked. Bid. Asked.
Associated Oil ... 61.75 62.00 61.75 62.00
Brookshlre 1.90 .... 1.90 1.97V4
Illinois Crude .... -.60 .55 .60 .65
Palmer Oil 1.25 1.30 1.25 1.27V4
Premier 1.27V4 1.30 1.26 1.30
Mascot Oil 2.25 2.60 2.25 2.50
Monte Crlsto .... 3.::0 3.60 3.35 8.50
New Pcnnsyl 95 1.00 .95 1.00
Bilver Tip 1.90 .... 2.85 2.90
Midway Royal
Oil Co.
We are authorized by the Midway Royal Cil Company to re
ceive subscriptions for twenty-five thousand shares of its treasury
stock at 20c a share.
The Midway Royal Oil Company has been organized under
the laws of Arizona, issuing full-paid and non-assessable stock.
The company own.s a twenty-year Wase, with option to purchase,
on land located in the S. W. quarter of Sec. 4, Township 31-22, In
the famous Midway district.
Capital Stock $1,000,000 Par v , *, 00
Treasury Stock $600,000 Far Value *IUU
The money derived from the rale of the treasury stock Is for
the purpose of developing the property, and the personnel of ttie
company's management is such as to insure its stockholders an
absolutely honest expenditure of the funds of the company.
Many wells are now being drilled near this company, notably
the Midway Chief, Coin and T'nion Oil Company. The latter is
reported to have reached the top of the oil sands and expects to
bring in a well in a few days, in which case an advance in the
price of the stock In the Midway Royal may be looked for. With
these tacts and the price of the stock being considered. Midway
Royal looks to be one of the best speculative buys being offered.
Full information gladly given and literature sent on request.
L. S. Bo wen & Company
FISCAL AGENTS,
SUITE 322 STORY BUILDING
Midway Provident Oil Co.
"The Company that has the Best Start."
Midway 20C Stock
525 Central Bldg., Sixth and Main Itt.
Our boarrl of dlrertors has authorized •
public offering of our treasury stock at
35 Cents a Share
Los Angeles-Me Kit trick Oil Co.
224 I. W. Hellman BMg.. Fourth and Main.
11