Los Angeles herald. [microfilm reel], May 22, 1910, Page 14, Image 26

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

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

                
14
From Mines and Oil Fields
OIL DIVIDENDS
TELL THE TALE
Disbursements by Small Califor
nia Companies Reach Into
Millions of Dollars
BEST ANSWER TO DOUBTERS
Lakeview. Imperial. Empire and
Amazon Are Among Producers
That Will Pay This Month
Dividends tell the talc, and tho ques
tion sometimes asked as to how much
money can be made in oil outside large
cnmpatiira is nnswprod pretty clearly
in the following announcements of divi
dends declared for payment this and
next month:
Tuesday the San Francisco stock ex
change announced a dividend of $5 a
share on the capital stock of 1000,000
shares of the Imperial Oil company.
This dividend comes from the sale of
the company's holdings in tho Kern
river field, recently sold to an English
syndicate, and which the Thirty-Three
Oil company will share. The dividend
is No. 6S, and is payable to the stock
holders May 19.
The stock of the Imperial is largely
held by the Keith-Mack-Guggenheimer
interests. Just how much more of this
sale money is coming to the stock
holders has not been made public. Prior
to this dividend the Imperial had paid
J2.000.000 on a capitalization of $500,000.
The Thirty-Three has paid $690,000.
IjAKKVIEW WIIX PAY
The Lakevlew Oil company of Mari
copa will pay a dividend in June, the
amount to be determined later. It is
In a position to disburse quite a large
sum, although it has Just ordered the
expenditure of $125,000 for ten 55,000
barrel steel tanks, material for which
is arriving-, as well as many other ex
penses.
The company has produced close to
3,000,000 barrels of oil and has over
2,000,000 in storage. It has been deliv
ering about 20,000 barrels a day to the
agencies, and at the price paid in
March, 43% cents, it should have taken
in over $100,000 that month, over $250,000
in April, at the lowest possible esti
mate, and as much in May. Thus It
should be in a position to pay a large
sum and still have sufficient funds for
further development. Some of the di
rectors, however, are conservative, and
desire to make the first dividend as
low as $10,000, and to hold the rest for
future work. The capitalization Is
$100,000, all of which is issued, and 51
per cent held by the Union.
AMAZON KAKNS |W7C,491
The Amazon and Revenue nil com
panies of Pasadena, both members of
the Independent Agency, Kern river,
have paid dividends amounting to $276,
--4 HI. The Amazon is capitalized for
$400,000, and has paid $159,491; the last
dividend was % cent a share, paid In
February. At present there are 30,000
barrels in storage. The company is
owned entirely by Pasadenanß. Isaac
Bailey is president and R. H. Finney is
secretary. The corporation should not
be confounded with others of the same
name operated in the state.
The Revenue's capitalization is $200,
--000, and it has paid $116,1)99.89 in fifty
two dividends, the last on February 18,
amounting to 1 per cent. Today it
holds 25,000 barrels in storage waiting
for the Agencies to market the oil. R.
H. Finney is president and A. K. Nash
secretary. Among the leading stock
holders is Thomas Earley, mayor of
Pasadena. Neither company is listed
on any exchange.
I%'IXERTON IN FEW YEAKS
The Fullerton Oil company, "W. L.
Valentine manager, operating two
leases In the Brea canyon and Olinda
sections of the Fullerton field, has paid
$344,000 in dividends in its ten years of
existence. Its present payments are
at the rate of 10 per cent quarterly,
amounting to $60,000 each. They are
made in December, March, June and
September.
The Empire of San Francisco, operat
ing on the south half of the northeast
quarter of section 30, 19-15, Coallnga,
has declared its first dividend of 1 per
cent, payable May 81. This is the com
pany that a few months ago brought in
a well on what was formerly considered
the "break" between the east and west
sides of Coalinga. It is capitalized for
5200,000, and the last quotations ranged
about $3.
« » •
STEADY INVESTMENT
Industrial Oil Co. :. A. 50 cents per
share, paying 12 per cent per annum.
Production 67,000 barrels monthly. For
full Information, 705 Story building,
Broadway and Sixth. Charles Victor
Hall, Pesident Industrial Oil Co. tf
-»»~*
Betty Bray is coming to Los Angeles.
Stock in the Ojai
Valley Petroleum Co.
Is Now Held at $60 Per Share
- Par Value $100 =
A limited number of orders may be filled
at this price upon application to
Ojai Valley Petroleum Co.
605-6-7 Delta Building 426 South Spring Street
<F1701) Los Angeles (Main 8295)
JAMES WYNKOOP
Pioneer Midway Is Now on
Its Second Week as Gusher
■■■• ■
PIONEER MIDWAY GUSHER, SECTION 30, 31.32, NORTH MIDWAY,
THAT BROKE LOOSE AT 13,000 BARRELS MAY 13, INCREASED TO
40,000 BARRELS, AND THEN DROPPED BACK TO ABOUT 5000
BARRELS. THE LAST ESTIMATE, TAKEN TWO DAYS AGO, IS
PROBABLY A LITTLE TOO CONSERVATIVE
MIDWAY UNION ACQUIRES
500 ACRES NEAR SUNSET
The Midway Union Oil company,
which -wns organized a few weeks ago
to operate in the Midway field and
elsewhere, has just acquired 500 acres
of land east of Sunset. The land is in
an undeveloped district but it has long
been recognized as prospective terri
tory and a recent geological report by
Ralph Arnold, who is now in the em
ploy of the company, says there is an
i v ellent exposure <>f oil sand about a
mile west of the property which Indi
cates that the formations are probably
productive under it. adding that he
cosiderg the geologic and structural
conditions both favor the presence of
commercial quantities of petroleum at
reasonable depths under the land.
This property is In township 11 north,
range 20 west and consists of the
southwest quarter of Bection 22 and a
portion of section 26. The land in sec
tion 22 immediately adjoins the well
beine sunk on the property "f the
Wheeler-Bancroft Oil company by the
Q R ( iil company. It Is understood to
be the Intention of the Midway Union
Oil company to start several rigs in
the near future.
OJAI AND MELWOOD
MAKE IMPROVEMENTS
BAKERPFIELD, May 21—The prop
erty of the Ojal Petroleum company,
section 21, 2S-2S, is rapidly becoming
improved. Manager Trying Carl is now
turning his attention to the construc
tion of now houses and improving the
appearance of the leas.-. Plx wells
have been completed and are aver
aging about :i"'ft barrels a day. No. 7
is down 3<>o feet and rigs for 8 and 9
are up. Another string of tools will
be started soon. Two biff 70-horse
power boilers are being- installed. On
the Melwood, an adjoining property
which is operated by practically the
same company, there are two wells and
a rig- is up for resuming drilllm;. A
new plant of 70-horse power boilers is
being erected,
DUNLAP IN LIGHT OIL
The Dunlap company, operating on
section 26, ;s2-23, brought In Its Hecond
well Thursday. The casing was per
forated Friday and the pumps put
to work, but the well sanded up and
had toTje reopened. The pumps were
put up again Monday afternoon. The
well is not a big producer but is of
comparative light gravity. Well No. 3
will be started within a few days.
I.OS ANGELES HERALD: SINDAV MORNING. MAY 22, 1010.
ORGANIZE TO OPERATE
IN KERN AND MIDWAY
In San Francisco last week the July I
Consolidated Oil company, to operate
Midway and Kern River properties,
was organized by the Wilkes-Hayden- '
Kergan company. The company has I
three holdings, two in the Midway and |
one in Kern River, and arrangements
have been made with Epps & Co. of i
New York for the financing of tin
company in the east. A vigorous cam
paign will be started and it is expected
to begin operations shortly thereafter.
The company has obtained eighty
acres in the southwest quarter of sec
tion 35, .12-23. which is behind the
Twenty-five Hill, forty acres in the
southeast quarter of section 28, 31-23.
which is about two miles east of the
Mays, and forty acres in the Enos
lion in the Kern River field, section
>: ::t-^N. The last named forty lies
south of the Enos Oil company prop
erty.
The company is capitalized for 1.00n,
--i""1 shares, the par value of which is
$1 ea< h. Final organization has not I
been effected yet, other than the elec
tion of a president and secretary, who
are H. S. Kergan and E. B. Davis re
spectively.
TO DRILL 21 ACRES
BAKERSFIELD, May 21.—Bakers
fleld men are preparing for an active
campaign in Coalinga on the property
of the Cream Oil company, which they
have organized to drill twenty-one
acres of rich territory in the heart of
the west side field, adjoining the Ameri
can Petroleum company, In the north
west corner of section 3fl-2n-i5. A. W.
Mason is president of the Cream, M.
F. Fliekinger, secretary, and E. D.
Uuss, treasurer.
NEW ELK HILLS COMPANY
A new company waa recently organ
ized for development work on the Klk
Hills territory. It is called the Midway
Emperor Oil company, and is com
posed of B. D. Gillette. M. S. Feder.
A. Elliott, Charles Storie, Thomas Mc
flinn and H. Ehrlick. The company is
Incorporated for $2nri,nrio.
ERECTS FOUR RIGS
No. 1 of the Kensey-Jurgen Oil mm
pany, which is located on section 1,
31-23 in the F.lk Hills, spudded in Mom
day last. The company has erected
four rigs.
Look for Betty Bray.
Oil Reasons
• No. 2
My second reason why you should invest in oil is
this: You should be a Producer. Go to producing,
and you get to the fountain heads of wealth. The
producer enriches himself without impoverishing
others. It is new wealth. You are the creator.
Mos\ men are consumers—always that and noth
ing more. The consumer pays the Tariff and the
Taxes, the Freight and the Graft. He does nothing .
but pay— —pay.
Be a Producer. Then you nave something to
sell—sell —sell. The consumer pays you. You have
it. He has to have it and he has to pay you to get it.
Do you.know that an ordinary oil well will earn
you more money in a day than you could earn with
your bare hands in a month? Do you know that it
brings in net receipts which are better than the ordi
nary mercantile business? Do you know that if
you own a producing oil well you needn't work an
other day unless you want to?
HOW CAN YOU BECOME A PRODUCER?
I know that some men who have ventured in deals •
which have not turned out well are still hesitant
and fearful lest they may make a mistake about en
gaging in the oil business.
But there is a sound reason for forming corpora
tions to produce petroleum. One man may not care
or dare to spend enough to put down a well. He
may not have the chance to get hold of property on
which it would be wise to bore a hole. He may not
have the time to look after the details of drilling or
to look into the matters of title, lease and contracts.
But a company may form in which some give
their time to the office work and others to the field,
where all put in their capital and all share alike in
the expenses and in the revenues when they come in.
Such an organization is truly co-operative and is
an ideal manner of investment for the man who has
only a few hundreds that he can afford to spare.
JOIN CROWN OIL
I want every man who has good red blood cours
ing in his veins to look into this CROWN OIL
Company. I know that it has all the essentials of
success. None of the symptoms of failure. IT IS
A LIVE ONE.
The company is doing things. It is putting down
a well in Ventura. It has that well down into the
oil sands. There is 40 feet or more of oil in the bot
tom of this well. I do not ask you to put your
money into an oil company PROPOSING TO
FIND OIL. This company has ALREADY
FOUND OIL in Ventura and preparing to drill for
a gusher in Midway.
""""""""T _j Nothing Is the matter with Ventura
fl j> as an oil field. Its wells were among
BL the first found in the state. They are
JSpjo^si practically Inexhaustible. At least
JjJTvrjlfno^"! many of them have been pumped for
«rj *^v^' a quarter of a century, but the earlier
JlT\sA ////y/y/ / we drilling was unscientific. Deeper
jP&///\ '////// drilling would bring in larger flows of
?57'//A v/////, oil. All experts agree on that.
STONE/ yifi'py I want you to look upon the picture
tONGLOM Crates' which shows the "log" of our well to
'//// '///////' 10<'0 *pet depth. Then I want you to
Y/^k^'' ///////// get a" tne information you can about
//////fa £//Yv//' tllP Production of oil in Ventura, about
'■Y/////// jy/// the percentage of .successful wells and
V//})-(& about the high price for light gravity
■ /£{/////** oil, and when you have all this in
yJS*; ■■ "*2? ■'//,' mind, Bit down and write me out your
'**&M> s4n*V/^ order for stock in the CROWN OIL
.■■S^ \J' CO.
®^**i! ** °v 'act tne sources of informa
->S§gsf2 *i| 10^S<i tlon, write mo, and I will send you the
second edition of the CALIFORNIA
-^ -^IJ'-Es^s RED BOOK, the historical and statis
s§&■%&. ■C'i[) < ' tlcal encyclopedia on the subject.
r^|w jT^--.. THIS WILL BE FREE.
r V.o „ Ptfstty.fj 1 Hut send me your order for stock at
I '■'•.•;•'.: I.^SiO^ the same time. Make it subject to In-
I.■'••■.■■•.•: ■'■:■--.■ :■:■':'■rr*& vestigation, if you like. THE MORE
SAn6-:: STONE- YOIT INVESTIGATE CROWN OIL,
LT ,/•■:•.. K'9'G.AS' THE MORE YOU WILL INVEST.
*^©^^- ■ :_'.';:'j '•';/,■/.•, Don't wait. I tell you frankly thai I don't
I ni^s £00''A know when the present price of Mork will
I:. •_■ ' :\7 it-jr^y ■ advanco, but I know that It will be noon.
||/^n" :- fsAND^I Crown Oil stock is sold at 15c
iHi^ Uoo -',-.::: 1 per share. Buy now, and before
l^^lfifirfr*. t;'ie a<ivance ' and I can save you
'■:•■'^ r4i«|j| $50 on each 1000 shares. That's
lA'"::./:V'*:-jy;V^^B picking up money pretty fast.
loil Anp, ; ,.sAMu The stock itself E , hou i d make
l^^lfajJ •■■'■•^ViV-i'.v I money faster.
'•' -H&IW I* Wire, write or telephone orders
-IM."-'';'-;;.^^^ (F3012). A personal talk before invest
■;■':':;• :V- !>•:.■•■.\*"® ing is best. Free maps of Midway and
'■:'■ :'.'• '■'.''* .','<'.■ : ■ t '• ! '■ \ Ventura.
' '•; '.v :;-.'!r ■'•.•■■.■ ■.■"'.■
Ki'^ifcJ *S Secretary.
711 Story Building Sixth and Broadway
Los Angeles, CaL
...*■■■ " -
S«r "^BMF Officers and Directors
Id IL President. GEORGE <'. IIAI.DI'JMAN.
EL J^k Vice President. 11. L. HUMMi president of
m m AKK<-lrr A Mniiser Seed Co. \
Midway-Maricopa Crude t^^y^^^X™*^' °'
Oil Stock Is Now Only 6 / , . .■,.„„.. „■■"
r>—,4.<. , <?hari» hut Tt Attorney and lllrector, A. J. MITCIIEIX.
Cents a Share, but It attorney at law. , -v
Will Advance to 7*c mnrtor rARI „ PArBNIIAriI> vl ,,
June 1. president shafer-Ooode Motor Co.
You want this. This is a good investment. If you buy now you
will make more than if you wait and have to pay more.
Rig-building has begun. Our foreman is in charge of de
velopment work. We are preparing to spud in our first well.
Soon we shall be drilling for a gusher. The slock will advance
as the work progresses. So why wait? Buy now.
Don't be misled. The Lakcview Gusher has now flowed
steadily for two months, or 60 days, at the rate of 40,000 barrels
a day. That is a production of 2,400,000 barrels of oil, worth
over a MILLION AND A HALF OF DOLLARS.
You didn't get any of it. Why? Because when Lakevicw
stock went begging at 25 cents a share and when the company
was anxious to sell its stock to realize funds to carry drilling
down a little farther, you wouldn't buy, and nobody else would
buy, until one day along came the big Union Oil Company and
they bought— over 55% of the company's outstanding stock,
finished the well and have been trying ever since to keep the
petroleum wealth from funning away. They have saved about
2,000,000 barrels. That will help some.
. Now is your chance to buy into a company sinking; a well on
gusher ground. You can buy at 6 cents, because we are sell
ing stock low to hasten the subscriptions to our drilling
fund. Once we have enough subscribed to complete our
second well, we shall not care whether any more stock is
ever sold. Neither will you, if you become a stockholder
now. But if you wait until our gusher is in, then you will
regret. It's worth trying. You risk little. You won't have
to wait long. You'll make a big thing of it when our stock
goes to par; $300 invested at 6 cents a share will be worth
$5000 then. Order today. We accept one-fifth from re
liable parties.
Write for new map of California Oil Fields.
International Investment
Company
1012-13-14 UNION TRUST BUILDING
Fourth and Spring Streets Los Angeles, Cal.
Fortunes in /MI
Oil investments are safe and prof- mL iS^^^
itable, if based on proven land and **asg*r fg» wtffSiHSr
strong organization for develop
ment. California is the Oil Center of America. Millions of bar
rels are being produced, and millions of dollars are being paid to
stockholders in dividends. Why not join hands with men who
have made successes in the oil industry of California?
Midway Premier has a lease on forty acres PATENTED
ground, surrounded by famous gushers, in the very heart of the
Midway fields, section 5, township 32, range 23, Kern county,
Cal. Two complete rigs are on the property and active drilling
has begun. Within ninety days our first big wells will be brought
in, and then the stock will be worth $1.00 per share.
Get in on the first allotment—so,ooo shares now offered at
25c per share, and it won't last long. Don't wait until the next
allotment is listed at 30c.
Capital Stock 1,000,000 Shares
PAR VALUE $1.00 EACH
Treasury Stock 633,333 Shares
Examine the Standing of Its Officers
PRESIDENT—A. J. Snydcr. capitalist TREASURER—Kern Valfey Bank.
and real estate operator of^ Oakland, director— T. Spellacy, owner of
VlCr' PRFSIDENT-Frank N. Smith. oil land., and Prominent Oil producer:
prominent real estate dealer of Oak- also president of the . following suc
land, Cal. cessful companies: Mascot Oil Co.,
SECRETARY Harry W. Thomas, sue- Premier Oil Co.. Lockwood OH Co.,
CUMfUI oil operator of Bakersfleld, Illinois Crude Oil Co.
on'Co? a W?T"a Oil Co".! Si CruS DUUDCTOB-RUM. O. Smith, capitalist
Qll L , o " of Oakland. Cal.
ACT AT ONCE, as Only This Allotment
of 50,000 Shares Will Be Sold at 25c
Fill out this coupon if you 1MTl#?1 «r 2& tf
are interested anil mall to IVilUVtr Cl V
MIDWAY PREMIER OIL CO., . * m
806 Story Blder., Los Angeles. Pt*Gll)lG|!*
Ploase send me your latest -_ # _ _-
map of the California Oil flifll f^ f%
Field.. j y Vl£ \j\J»
Name ' f M FRANKLIN KLINE, Fiscal Agent.
Ad( , rPS , H. 806 W. F. Story Building, I/oh Angeles.
Ad areas. ••••••••*•• m
■—-——————— California
/-" — '' — ■""" V
Are You Interested in Oil?
Others invested and arc getting rich why not you? „
The Midway field of Kern county, California, is producing
fortunes daily for those who have invested in that direction.
The Midway Royal Oil Co. offers you a grand chance to get
most lucrative returns. Stock fully paid and non-assessable, be
ing incorporated under the laws of Arizona.
Midway Royal stock at 20 cents per share looks the best buy
now on the market in California oil stocks. '
Full information given and literature sent on request.
L. S. BO WEN & CO. Fiscal Ag* nts
322 STORY BUILDING LOS ANGELES, CAL.
V. J
MIDWAY MARICOPA
CRUDE OIL STOCK!
6c —ooiof to 7'/^c
without notice. Directors innlst on 10
CBNTH at any early date*
IMIiUNATIONAI. INVKSTMEXT CO..
101! Union Trust lyulldlng.
Fourth and Spring Ht«.
legislation going on In congress. The
PATENTED OILLANDS
Klill.v AMI OOAUXOA IIKI-IJS, *ISO
TO 11000 I'KK ACHE.
KYLE-DAVIES COMPANY
43R Citizen* National Bank lildg.
PART II
Charlton's Drawing Inks
Waterproof—l 3 Colors
V Ask Your Dealer.
Ijome IBuilher*
Gives you opportunity to participate
in the profit of Los Angeles': upbuild
ing:. Stock now $1.85. Pays 16 per cent,
dividends payable quarterly. • -
120 8. Broadway, Ground Floor Mama
BSKffißSOjera lloun*. gamUM