Los Angeles herald. [microfilm reel], July 09, 1910, Page 6, Image 6

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

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

                
6
From Mines and Oil Fields
CUT IN MARKET PRICE
ONLY TEMPORARY TACTIC
Fresno Oil Men Discredit Rumor
War Is Brewing Among
Big Interests
FRESNO, July 8. —As an indication
that the reported cut in prices of oil
from the dollar mark to 90 cents by
the Standard Oil company does not
presage open war among: the big oil
marketing concerns of the state, the
faot came to light yesterday that the
Standard Oil company is continuing to
take daily runs of oil after expiration
of contracts at the old price of 50 cents
a barrel.
The opinion is advanced that this big
concern would not be going ahead of
its contracts to take oil at the figure
of 50 cents if there were impending a
struggle for cheap oil and a war with
sloshing of prices.
On the strength of the new devel
opment, some operators in the Midway.
who a few weeks ago "ere feeling
rather blue and actually suspended
operations on their properties.tare now
drilling again.
It is said one run which the Standard
is taking now, though the contract has
expired, amounts to something like
60,000 barrels a month.
The Standard, with its new pipe line
from the Midway and Sunset district
into Bakersfield just finished, has a
double capacity for transporting West
Side petroleum now. It has been true
that the company was going slow with
its own work in the Midway field be
cause it could not handle all the oil
it might pump up itself, and still ful
fill transportation contracts. The ac
tion of the company in receiving daily
runs of oil even after contracts have
expired is asosclated to some extent,
in the opinion of oil men, with their
added carrying facilities. Besides, as
one oil man remarked yesterday: "If
the Standard is going ahead that way,
you can put It down there is no price
war about to be sprung in this state."
BEAR MOVKMBST
What then, he was asked, is the
meaning of the move of last week,
which in the absence of denials is
pretty generally accepted as a fixed
fact? What about the cut in prices?
Desire to buy oil is the obvious an
swer one meets to this question. The
opinion is advanced that the Asso
ciated, which is known not to have
entered into any contracts worth
counting for months, is now short, and
the cut in prices was a move to bring
some cheap oil to the market.
However this is. the evidence yester
day was summed up by one of the
widely posted oil men in Fresno as in
dicating that the flurry in prices was
a temporary move and that no oil war
of any proportions is impending.
VJesides. it is being pointed out that
the Union Oil company has a club In
the shape of the output of the Lake
view well, which would make it sui
cide for any other concern to under
take a price-cutting duel. The oil from
this well hain't brought in any divi
dends to the stockholders yet. It Is
believed that in case of trouble start
ing, the Lakevlew people would 'if
rather glad to get tlnir product on the
market even at a concession. And that ;
it's ,i club the others could not buck
with success is believed to be pretty
obvious.
+-—+
MIDWAY NORTHERN MAKES
RECORD FOR QUICK WORK
What is without question a remark
able recird in well drilling has been
established by the Midway Northern
< iil . ompany of Los Angeles. After less
than three months actual work this
company, of which E. (5. Bkstr.im 13
president, brought in a well Thursday
on its eighty acre.; In section "._'.
"1 knew it was only a question of |
time before we struck oil," deciarc 1
President Hkstrom. "but I am as
tounded at the rapid progress made.
The oil flowed a full eight-inch : tream
and is of high gravity. We have en
tered the sand only ten feet an !
brought in the well at a depth of
1940 feet."
Sam Wnrmbath, secretary of thu
company, whose offices are located Iv
the I. W. Hellman building, will return
today from the field where he has been
directing the work.
C C. Spicer is vice president nnd W.
N. Blood and H. P. Calvert directors
of the Midway Northern company.
Work will immediately lie begun on
two more wells. Several BUb agem les
have been established in Los Angeles
by the E. G. Ekstrom company, fiscal
agents.
RUMOR AGAIN REVIVES
SALE OF THE PEERLESS
The tact that John M. Wright, presi
dent of the Peerless and Fulton Oil
companies, has gone to England re
vives thr. persistent rumors that these
great nil properties are about to pass
Into \\;i- Lands of English capital.
ti a Btory has 1 n published once
or twice formerly, and that a sale was
••ending was not denied by the Peer
less i pie, The departure of Mr.
Wright ;it this time is therefore con-
Biderod somewhat significant by oil
men.
The "Hi inht interests comprise the
1 rless nil company, the southeast
quarter of section 31, 28-28, in the Kern
river field; the Fulton Oil company,
120 acres In Bouthwest quarter of section
1, U-24, at Maricopa, and the oCallnga
Peerless Oil company, the northwest
1. 11-24, at Maricopa, and the I oallnga
All the properties nre highly developed.
GROWS TO 6000 BARRELS
COALINGA, July B.—Since it began
growing unaccountably in production,
tin No. '.' well "f the American Petro
leum company on section 30-20-15 Is
causing some anxiety. Superlnti nd< nt
Tom Crumpton Is affected by the fear
that is the bugaboo of many of the
oil people now '■ • [i r "another Lake
view."
well was brought in some time
ago with a light production, but 1"
at once to grow like a healthy baby,
until on J ii! i< ■ 16 it was weaned and
became a real grown-up gusher Since
that ti':i'- it has continued to grow,
and now tii" production i estimated at
6000 barrels daily.
PRICES OF METALS
IN rtEW YORK MARKETS
<s. NEW YORK, July B.—Tin. metal &
<S> markets were quiet as ntual In the ah- dp
a trace of exrhuntces. Copper, steady; <•
<•< htiimlHrti H|iot and Sept. (11.80013, •
<"•> I.end. quiet! Spot, !j!l.3.">@ !.!.*.; upvlter, ■•■
<;> «5.40@5.30. Jiar silver, 64 *-Hi. *
• • • &&&&&s&&&s>■s • • ' • ■ •
JAMES WYNKOOP
STANDARD CONTRACTS
TO TAKE OIL FROM THE
CONSOLIDATED MIDWAY
It was seml-offlclally announced yes
terday that the Consolidated Midway Oil
company, XV. V. Story building, operating
In several Midway and Kern river sec
tions, had Just contracted with the
Standard Oil company for its production.
The contract price, It Is said, will be
somewhere between 50c and 60c a bar
rel, and the quantity of oil to be taken
Is said to be very large.
About ten days ago the Consolidated
Midway brought In a 10,000-barrel
gusher near the famous Lake View. The
hole was rapped and thereby placed
under control before much oil was
wasted. The hole has a 10-lnch casing
and it is estimated the production from
this well will be enormous.
Work Is progressing on other proper
ties of the Consolidated Midway and the
contract entered into with the Standard
will, It is said, provide ample market
for the output.
CONSOLIDATED MIDWAY
WELL FLOWS BY HEAD
Gusher Under Control Makes 200
Barrels Every Spurt Last
ing Twelve Minutes
MARICOPA. July B.—Flowing by
heads every thirty minutes, the Con
solidated Midway well on fractional
section 30 is making from 150 to 200
barrels of oil at every spurt. The well
flows through a lead pipe for periods
of about twelve minutes each, and the
oil is of 22 gravity.
The bridge which formed was bailed
out to within eight feet of the bottom
before the oil started to flow. It is the
purpose of the management to get the
hole thoroughly cleared of sand,
which should be accomplished by the
well itself, as the sand was entered
with a ten-inch string, and there is, in
consequence not so much chance for
the sand to choke it. The well la
equipped with a heavy gate over the
ten-inch string, enabling the men to
shut it off at any timo it may seem
necessary or to regulate the flow at
will.
Tanks have been erected in which to
store the oil, and word comes from the
offices <>f the company at Los Angeles
that the directors have appointed 8
committee of five to negotiate a con
tract for the output of the well.
PAJARO VALLEY LANDS
ATTRACT OIL OPERATORS
The new oil field in the Pajaro valley
is attracting considerable attention, and
oil experts and eminent geologists who
have examined the terrttorv say that,
in their opinion the field is underlaid
with productive oil Band. Drilling ope
rations are now being carried on about
500 feet above the sea level, and thus
far two oil sands have been encoun
tered, the first of which is said to be
forty feet and the second 110 feet thick.
A heavy production is expected when
the third eand is encountered. The
operations are heing conducted by the
Parajo Valley Oil company, whose
holdings comprise 1170 acres in this
valley.
* » » ■
PASSES HARD SHELL
The Security Oil company, 8, 20-ln.
has passed through a hard shell at
°C 35 feet, into a rich oil sand, making
a big showing of oil in the lump hole,
The will will be carried down to th ■
main Band and finished. This is tin
second sand the rotary has gone
through, and the showing of oil coming
up with the water is very promising.
Indicating a big well.
TIGHTWAD IN SAND
The Tightwad Oil company, on section
28, ,i 2-23, lias strui'k the upper oil sand
at a depth of 1200 feet with ten-inch
easing. Eight-inch casing Is now used,
and the water has 1 n shut off.
MINING QLOTATIONS
Exclusive dispatch to Tlio Herald by L. A.
Crliler & Co., numbers of Lob Angeles stock
exchange, 200-201 1. \V. lKllman building, Loa
Angeles.
BOSTON MINING STOCKS
Special service to Tile Herald by J. C. Wil
son, 212 West Fifth street, Los Aa,;eles.
BOSTON, July B.— Local conditions remained
unchanged today. North Butto, Copper Range
and Lake were stronger, but the buying was
weak anil the whole mark lacked snap. The
copper report was better than expected, but
was used by the traders to sell stocks, especial
ly Amalgamated.
Quotations closed as follows:
Bid. Ask.l Bid. Ask.
Am Pneu .. 4% 5 Michigan .... ;iT» 414
do pfd ..-. 15' al6 I hawk .... 47 4S
Adventure .. 6 WilNev Con .... ISV4 W£
Allouez .. .. 85 311 North Butte, 20% 21
Atlantic .... Hi ''> Old Domln .. 34
Arcadian ... 1 I' 3 u.-*ceola IT.'.
Ariz Com .. 14»; IBM Parrot 1214 IS
Apex 3 3U Julncy .. ..OS 70
Uutte Conl'n IGT6 1714 Santa Fe ■■• Mi -
:\ilu & Ariz 48 49 [Shannon .... t\i 10
"alu & Hec.slo .. Shoe Mach.. 47>, 2 48
Centennial .. 11 15 do pf.l 2iH 3 27H
Con Mercur. 4 8 3up Copper.. 3!»i 40H
Cop Range.. 61 62 Sup and Bos 814 ST
Corbln .. .. l- 12Vi Sup and Pitt 10 10<i
Daly West.. 8 .. Swift lU2« 102%
East Butte., ti',4 7 Tamarack ... 47 51
Kirn River.. 33 60 Trinity 5 :>J
Franklin ... :>:. 1" United Fruit. 186
Orunby .... 26 28 D S Smelt., ::■;'» 80
rireene Can. 674 '• do pfil 47 474
Hancock ... 17 17V4 Utah Con ... 20 20%
Isle /Iloyale. 15% 10 Victoria .... 2H 3
Kcewenaw .. 3Vi >"< Wlnona .... 6 S%
j^aitn 43% ii;, Wolverine ..104 108
La Salle ... 10 W,i Wyandot .... 14 -
Mass Copper 7 7H Mass (las ... BOH s'" =
Mayflower .. 50 M do pfd 00 01
Mix Con ..40 i;" North Lake.. VA 10
Miami Mi 1834 Indiana .. .. 12% 13! i
NEW YORK CURB
Special service t > The Herald by J. C. Wil
son, 212 West Fifth street, Los Angeles.
IT3SW YORK, July B.—Following were the
closing quotations'
Bid. Ask. Bid. Ask,
Am Tobacco.4ls 420 Ma.-.in Valley UT4 7
IS 8 Gas ... 0% o«,i Miami IS% 18%
Chicago Sub 2 2'i Mini's of Am 8' 62
Havana Ton 4 6 Nevada Utah 01J 0%
Btandrd 011.610 615 Nlplsslng ... 10H 10%
Cns simp It 17 21 Ohio 1"« 1%
liutte CoaJ'n 17 20 Rwhide Coal ISH 17' i
Davis Daly. l Hi Hay Central, 1H 84
Ilolores „.. 5V4 ';1 = Ray Con .... HIM 16%
Ely Central. 0% l South Utah., Ii i -
Ely Con o*4 OVS United Ci ppr I'.j 3
lililfleld Con 8% 8% Yukon ,4 !',
flreena Can. 6% 7 Cilia 6 11
Qlroux (Wl ' 6% t'Mno I ■'. 104
Inspiration .. 6?i 7 Son Arizona. 1% r»
Kerr Lake., 8 SV4 Keystone .... 3% 3%'
La Rose .... 4', 11,I 1, Bl Rayo ..6.. 3% 4
LOS ANGELES HERALD: SATURDAY MORNING, JULY 0, 1010.
GUN MEN PATROL
GOVERNMENT LAND
Guards from Mining Camps Am
Detailed in Midway to
Protect Property
TAFT, July B.—Persons traveling
through the Marlcopa and Midway
Heidi and the Buena vista hills are met
everywhere by guard! who are holding
land against jumpers. It is estimated
th:it there are fully 1000 men engaged In
this work, many of them armed and
prepared to resist Invasion by force.
Several auto parties traveling at night
have been stopped and questioned os
to their destination.
-Many of these guards are old-time
"gun men" from the mining camps,
some Of them are ex-cowboys and some
are from the city. So far there ha\t
been no serious clashes, the jumper
having made his point when he or his
forces have been forcibly ejected; this
enabling him to go into court and se
cure an injunction restraining the
other fellow from Interfering. There
are land claimants, however, who are
inclined to get rough in the ejection
process, SO that there is always a
( nance for a tight.
The professional guards have C J.
Lyman of Ooldfleld to thank for their
present employment. The situation had
about cleared up, with organization in
April of the West Side claim owners
and their agreement to arbitration!
and the guards found themselves with
but little to do. Along comes Lyman
and puts locutions on half a section
of choice hind claimed by the Standard.
and another half section, the property
of the Honolulu Consolidated. As a
consequence, and to prevent the ener
getic jumper getting too promiscuous,
claimants to government land on which
discovery has not been made are taking
no chances.
The work of the guard is anything
but pleasant; his duty is to patrol a
certain piece of land, in the daytime
under the fierce rays of the sun. with
no shade bigger than that afforded by
the sage brush, and at night with sur
roundings but little better. The pay is
$5 a day and board.
FIGURES SHOW RECORD
SHIPMENTS IN IRON ORE
The United States geological survey
has Just Issued a short report by John
Rirkinbine, the well known statistician
of iron production, on the movement of
Lake Superior iron ores in 1909. The
most striking feature of this report is a
map which shows the routes of ship
ment of the ores and the points to
which they were shipped.
The total shipment of iron ores from
the Lake Superior region in 1909
amounted to 42,504,110 lons tons, a
quantity greater than that shipped in
any precedfhg year. Most of thin ore
was shipped by water, during thi> .seven
or eight months of the year when navi
gation is possible on the Grent Lakes.
The principal shipping docks are at
Two Harbors and Duluth, Minn.; Su
perior and Ashland, AVis., anrl Mar
quette, Mich. Nearly 38,000.000 tons
shipped from the docks passed through
the Sault Ste. Marie canals and through
Lakes Michigan and Huron to their
places of destination, the greater part
Of the ore being delivered at the receiv
ing docks at Toledo, Bandusky, Huron,
Loraln, Cleveland. Fairport, ABh ta
bula and Conneaut, O.: Erie, Pa., and
Buffalo and Tonawandn, N. Y. Most
of the ore received at these torts is
consumed in eastern Ohio and western
Pennsylvania, In 1909 about 23.000,000
tons wore gent to the Cleveland and
I'ittsburg region.
The Lr'ke Superior ores represent
about SO per cent of the total iron ore
prodm tlon of the United States. The
production of iron ore in the Lake Su
perior region, by ranges, to the close of
1909 is shown in the following table:
Totol production of Lake Superior iron ori\
b rangi i, In lons tons:
; .' 195,708,424
Marquctte 91.903.W1
nlnea 71,818,115
, ; . ■ „. 60,820,508
Vermilion »,ltt.3M
Tntnl 448,866,418
These figures do not include stocks
of ore which have accumulated at the
mines.
Mr. Blrklnbine's report can be ob
tained free by applying to the director
of the geological survey at Washington.
COPPER EXPORTS FOR
PAST MONTH INCREASE
NEW YORK, July B.—Copper stocks
on hand July 1 Increased T,%0,044
pounds, as compared with June 1, ac
cording to thp monthly statement <>(
the Copper Producers' association is
sued here today. The report shows:
Copper storks on hand July 1, 188,<
886,017 pounds, an Increase of 7,960,044
pounds over June 1; June pn in tlon
was 127,219,188 pounds, an Increase of
9,376,128 pounds over May; deliveries
during June wore 119,259,144 pounds, an
increase of 14,458,482 pounds over May;
of the deliveries 53,463,196 pounds were
for domestic oonsumptlon end 65,895,
--948 for export. The export deliveries
Increased by 20,400,608 pounds over May
and the domestic deliveries decn •',
5,492,106 pounds from those of that
month.
BAIRD HOLDS MEETING
The stockholders of the Hair.l Oil
company at a meeting held at Fresno
Wednesday elected directors for the
ensuing term. H. H. Holland, George
Kaehler, J. R. Baird, jr.. and E. s'lig
man were retained from the old board
and ET. M. Dineen was ele ted to suc
ceed A. B. Smith, who was not n can
didate for le-eleetion. The dil>< ■! n ,:;
organised and chose the following of
ficers: George Kaehler, president; J.
R, Baird. Jr., vice president; 11. H.
Holland, treasurer, and Frank Kauke,
secretary.
The company lias ordered material
for three more rigs and the lumber la
now on the ground. These additional
wells will be spudded In as soon as
the rigs can be erected.
Well No. 1 is being cemented off at
present,
This company is operating in a Hen
territory, in the ECettleman bills, and
If the well which is showing such good
indications now Is brought In, another
lection ot the great Coalinga Held will
I have been opened up.
RED TOP EXPECTS WELL
COALINOA, July S. — It is reported
that the Red Top Oil company, on G,
21-1"), is In tin oil sand and will bring
In a well shortly.
BUILDING PERMITS
Following are the permits Issued
■taice the hist publication of the list,
and classified according to wards:
Wards— Permit!. .Values.
First 2 ■ MO
Second". 19 " «■■•'■•
Third • »•«•
Fourth ■ '•**
Fifth H "■■'""
M.th ::.::::..:.... • 6-««
Ninth 2 ™>
Totals «5 1T6.5W
Pecnn street, 442 South— August
Szallles, 460 South Pecan stret, owner
and bulller; one-story, four-room resi
dence; $600.
Kensington road, 713—Mary M.
Stanley, at lot, owner and builder; al
terations to residence; $1700.
San I'edro street, 1149— F. W. Troy,
at lot, owner and builder; one-story,
one-room store building; $500.
Dalton avenue, 3974—C. A. Smart,
1610 Kast Thirty-eighth street, owner;
Fred Hallett, builder; one-story, seven
room residence; $1900.
Budlong avenue, 8949—Frank Morris,
11"- Leigh ton avenue, owner, R. I>.
Morris, builder; one and n hair story,
eight-room residence; $2800.
Kent street, 2123—Samuel Taihet. K7S
T.nniar itrtet, owner; H. D. Hecker.
builder; one-story residence; 11767.
Fifty-seventh street. ISSO East—A. 10.
and P. P\ K. Smith, at lot, owners and
builders; alterations to garage; $160.
Forty-Sixth street, 1339 East—H. J.
Wentworth, owner; to move and add
to residence; $150.
Hope street, 327 South —Ashley Saw
yer, owner and builder; alterations of
building; $300.
Western avenue and Fifth street—F.
E. Hartigan, 714 Kingsley drive, owner
and builder; two-story, nine-room resi
dence; $4500.
Prlchard street, 400 North—E. A.
Boillot, owner; addition to residence;
$2t'o.
Commonwealth avenue and Clinton
street—E. M. Reynold!, ."47 Common
wealth avenue, owner and builder; one
story, five-room residence; $2000.
Bellevue avenue, 1608—City of I,os
Angeles, owner; T. W. Napier, builder;
one-story, seven-room house; JIJISS.
Thirty-ninth street, 1275 East—Kmelie
Grom, 3509 Ascot avenue, owner; Henry
(ii-oin, builder; one-story, five-room
residence; $1250.
Manhattan place, SsT—Flora J. Cap
hanion, Astoria hotel, owner and build
er; one and a half story, seven-room
residence; $3000.
Avenue Thirty-seven, 14S East—Mlra
Hershcy, 622 Story building, owner; E.
11. Duke, builder; alterations of resi
dence; $350.
Norniamlie avenue and Melrose street
—Eugene Divine, owner; W. F. Fer
guson, builder; one-story, six-room res
idence; $2500.
Thirty-sixth place. 1203 West—C. AY
Lafrence, at lot, owner and builder;
addition to residence; $150.
Donaldson street, 1419— H. G. At
v.ater, 1920 East Fourth street, owner
and builder; one-story, four-room resi
dence; $1500.
Alvarado street, 955 South—A\. W.
Middl?coft, at lot, owner; A. J. Craw
ford, builder; alterations to reuldence;
"court street, 1245-47-49-51— J. V Swet
man. 1*37 Court street, owner; 11. P.
BUverell, builder; two-story, twelve*
room flat building; $350(1.
Western avenue, 2422 South—Mrs. L.
M Gail, at lot, owner; Allen Huilding
company, builder; one-story, one-room
garage; $500.
Fifty-fifth street, 1352 East-N. If.
Winters, at lot, owner; H. T. Waight,
builder; one-story, seven-room resi-
dence; $1500. .
Hollywood — Beachwond clriv' ami
Scenic avenue—Nellie it. Hlggina, 615
North New Hampshire street, owner;
one-story, seven-room residence, $35i>u.
Hollywood— Beachwood drive and
Scenic avenue—Nellie R. Hlgglus, 6i.>
North New Hampshire street, owner;
one-story, seven-room residence: IsoOU
Hollywood — Beachwood drive and
Scenic avenue—Nellie K. Hi.,'sins, «15
North New Hampshire street, owner;
one-story, six-room residence; $3.>00.
Hollywood—Hoiichwood drive and
Scenic avenue—Nellie B. Higgins, 615
North New Hampshire street, owner;
one-tStory, eight-room residence; JBSOO.
Hollywood — Beachwood drive ami
Scenic avenue—J. A. Patterson, W
West Fifty-sixth street, owner and
builder; one-story, seven-room resi
dence; $3nOo. ,
Hollywood — Beachwood drive and
Scenic avenue—J. A. Patterson. 52«
West Fifty-sixth street, owner and
builder; one-story, seven-room resi
desixty-flrßt street, 228 West-Mrs A.
M Hart "64 West Forty-first street,
owner; W. J. Poole, builder; one-story,
six-room residence; SI6OO.
Hollywood — Beachwood drive and
Scenic" avenue—J. A. Patterson, 026
West Fifty-sixth street, owner and
builder; one-story, seven-room resi
dence; $3500. .
Fourth street, 3060 East—B. < usn
man, at lot, owner; L. K. Sawyer,
builder; one-story barn, $160.
Fifty-seventh street, 632 West—J. U-
Negley, at lot, owner and buiK.er; ad
dition to residence; $300.
Fiftieth street, 1619 \\ est—Los An
geles Investment company, 335 South
Hill street, owner and builder; one
story six-room residence; $2300.
Vermont avenue, 2040 North — Karl
Rogers, owner; A. Pefley, builder; al
terations to residence; $1000
Fawn avenue, 1425—James Miller, 111
Central building, owner; S. G. Dabcock,
builder; one-story, five-room residence,
>9 Fawn avenue—l42l-Same as above"
$900
"Fawn avenue, 1433—Same as above;
$9 Fawn avenue, 1429—Same as above;
street, 651-Ida Shryer, 647
Austin street, owner; Clark & Hughes,
builders; one-story, five-room re.si-
Fawnsawi l ue, 1437-James Miller. 222
Fawn avenue, 1487— Jameg Miller, -li
Central building, owner; B. G. Bab
cock, builder; one-Story, five-room
residence; $900. ■ ."/ -'■■'.<
San Pedro—667 West Second street—
Virgil Wallace, owner and builder; one
htorv five-room residence; $1000.
' Reno street, 124 South-N. VVitmore,
1010 West Tenth street, owner; F. M.
Hallett, builder; one-story, five-room
residence; $1700.
Vernon avenue, 203 West— . A. Mil
ler at lot, owner and builder; one
story, six-room residence; S-'Oi'u.
Fourth avenue and Jefferson street-
Prestor _ Lewis, 2200 West Thirtieth
street, owners; one-story, seven-room
residence; $2000.
SITUATION UNCHANGED
BAKERSFIELD, July B.—Tho mar
keting situation at coast points re
malned unchanged for a week, me
quoted pries la ho cents.
a is Iropoulble to predict with anj
certainty whatever the events which
„1 11 V transpire within the next few
days Apparently tboie belt qualified
by their positions to know are at a
i oH to forecast the Immediate future.
The Standard, which made the first
cut lifts made no second move, lne
Associated and the Union, It seems
probable, will not take the InjUative,
but will trail, following the lead of the
flrst named, and Will respond to further
cuts, if any take place, with equiva
lent cuts.
Production is no better and no
worse for either buyers or sellers of
oil, and it is practically Stationary.
Consumption is growing slightly.
You can buy It, pernaps at many places, but
there's on« nKST place to buy It -and tbat
place advertise*.
Special "Security" Features,
Excellent service and uniform courteous treatment —
evidenced by 58,000 open active accounts.
Unsurpassed facilities —every modern appointment
adaptable to a savings bank business.
A record of over 21 years of safe, conservative, pro
gressive banking.
All loans and investments, made by the entire board
of fourteen directors —and approved in writing.
Highest rates of interest paid to depositors —on the most
liberal terms consistent with sound, conservative banking.
CAPITAL AND RESERVE $1,850,600.09
RESOURCES. .... $29,000,000.09
Lsrsest r.«4 O *„ gECURITY f^Tpß^'^D
ENGLISH LABOR PARTY
LEADERS SEEK PEACE
LONDON, July B.—The labor party
is much dissatisfied with the attempts
of the Liberal and Unionist leaders to
patch up a compromise on the nouse of
lords veto question. Speaking on Sat
urday at an Independent Labor demon
stration at Burghley Brooke park, near
Loughboro, Philip Snowden. M. P., re
marked that with respect to the house
of lords' question it did not mutter tor
the purposes of practical polities
whether or not the government were in
earnest about it. The Labor party were
ID earnest. If it should turn out that
the government did not prosecute this
campaign to a conclusion, which would
forever take away the powi r of that
institution to oppose the democratic
will, then the Labor party would have
something to say about it, and so would
the people. He believed that if the
government receded one single inch
from the conditions embodied in the
resolutions in the house of commons,
if there were an agreement between
the representatives <>c the Liberal party
;ind the Unionist party for what they
called r\ settlement of the constitutional
question which allowed the house of
lords to retain the shadow of veto
power over financial measures or a
permanent veto upon general legisla
tion, then the Liberal party was dead
without the hope or resurrection.
Ramsey McDonald, M. P . said that
the recent political condition was
rather uncertain. They were not quite
sure what was going to happen. "I
am bound to say," he went on, "I am
sorry that there Is going to be any
political conference. I am sorry that
there is going to be any attempt-made
even by the two front benches to meet
and discuss and bargain and try to
find common standing ground. If
there is going to be a conference, as
a member of the Labor party I deny
the right of the two front benches to
settle it. There are other benches, I
am not saying that the Labor party,
even if it were invited, would take
part in the consideration of the mat
ter. If the conference is to he held it
ought to be a house of cominom: con
ference and not a parliamentary con
ference.
PYRAMID RESUMES DRILLING
*A quantity of sand once encountered
by the Pyramid Oil company in sec
tion 25, 31-32, at a depth of 150 feet has
c used trouble in the work of drilling.
A stovepipe casing had to be carried
down to shut off the sand before drill
ing could be resumed.
At a depth of 1700 feet the Result
Oil company struck sand in such quan
tities that tools were sanded in and
the men have spent several days fish
ing for the lost string.
It's as easy to secure a Bargain In a used
automobile, through want advertising, as It
used to be—and > still Is-to secure a horse
ijlii furring** ' '
$3.50 Recipe Cures
Weak Men-Free
Send Name and Address Today —
You Can Have It free and lie
Strong and Vigorous
I have In my possession a prescription tor
nervous debility. Jack of vi^or, weakened
manhood, tuning memory and lame back.
brought on by excesses, unnatural drains, or
the follies of youth, that has cured ho many
worn and nervous men right In their own
homes —without any additional help or medi
cine —that I think every man orhq wllbu to
retain his rnaniy power and virility, qulclcly
and quietly, should have a copy So 1 ban
determined to send a copy of the prescription
free of charge. In a plain, ordinary sealed
envelope to any man who will wrlu
me for It.
This prescription comes from a physician
who has made a special study of men and
I am convinced It !» the purest-acting com-
Llnatlon for the cure of deficient mannj.ij
and vigor falluro ever put together.
I think I owe It to my fellow men to send
them a copy In cnnfl'lencp so that any man
anywhere who Is weak and dlgeoura(»d with
repeated failures may stop drugging hlmaa'M
With harmful patent medicines, secure whai
I believe Is the quickest-acting restorative,
upbuilding. SI'OT-TOCCIIINC! remedy evei
devised, and so cure hlmoelf at home qul'tljr
and quickly .lum drop me a Mne like this:
Dr. A E HoMnson. 40S» I.uclt building. De
troit. Mich . and 1 will send you a copy of
this splendid roclpe In a plain, ordinary en
velope free of charge A great many docton
would charne 13 to $5 for merely writing
out a prescription Ilk* this—but I ••Od II
•ntlraly »r«»
Midway Maricopa ■ - Jf _
Crude Oil Stock BiJw
I.ucky for you If you hnuxht at 5c or •.*
or "lie We have acquired 60 acres-next
to the Oblspo gusher on 3_'-l.'•:!".
International Investment Co.
-1012 Union Trust lliiHilliik, ,
Fourth snr^ Bprlnc streets.
Without the Use of Hypodermics
Legal Contract Given to Every Patient
Treatment Harmless and Cure Is Permanent
*-■■ . z / ■
We enter into a legal contract to cure anyone of the liquor
habit in seventy-two hours to the entire satisfaction of the
patient, his relatives, friends and family physician, or every
cent of the money is refunded. Below are our financial refer
ences. The utmost privacy is used, meals served in rooms
and all comforts of a refined home are given the patient.
Strong Endorsement of the
Neal Cure
Attorney-General Byers of lowa makes statement:
."DES- MOINES, lowa, April 10, I^lo.
"To Whom It May Concern:
"I had a friend here in Dcs Moines. who, because of his
■ drink habit, his business went to pieces and he became what
might be termed a complete wreck and failure. About three ,
months ago he took the Neal Cure and he seems to have fully
recovered. He is not only strong u«ain physically, but clear,"
bright and strong- mentally. "H. VV. BYEKS"
Financial References—The Neal Institutes Company of Uni
ted States refers you to P.radstreet or Dun, any bank in Dcs
Moines or Atlantic, la., or Omaha, Neb. For particulars as
■ to treatment, copy of contract and booklet, address or call on
Neal Institute of Los Angeles
945 SOUTH OLIVE ST. A 4072
__^__^
On Monday, July 11th, at Noon
THE PRICE OF
Sunset National
Will Be Advanced to £5 CENTS a Share
If You Purchase Before That f\ C\^
Time You Can Get It for...
~ ■ • ■ ■ ■ .. ,
Get busy! Our office. will remain open tin- ■ A nd Fi?irectobs
til 9p. m. today, Saturday, to accommodate x^kit?i*ok. °' 'A "
„ , . „ i" . ' Vice President and
those who cannot call during the day. Field superintend
ent, O. A. GRIFFIN
Don't wait till our well comes in and the „,7^ aS:
— — . . ' THUB A. HAY.
price goes 'way up. Buy now; make money. B^Su^ m: w- Al
" , - , ~T „ Director!, BTAN-
It is the early investor that makes the big- ley b. wimon, v.
. i- — W. BITCXKB, WAL
gest profits. ■■;-■; .... son. G. MATIIBW
gest prohts. son.
Sunset National Oil Co.
426 Citizens National Bank Building
Home F2705 ■ • Sunset Main 2659 .
Shoes Half Price and Less
v.v (>v\^ * Hundred tui; fajt^mit *jU m J i
tablua are displaying >hoe> fur men, womta
and children, on Ml* In many Instance* tot
half price and Icaa. Convince youraelf mnJ
come to the * ■ ■ ,
• ■. MAMMOTH r'llUK HOlirtJt,
»l« ttoutb llroadwax. /
PATENTED OILLANDS
ivUKN AMI lIHIIM.A FIKLUS, »1M
TO *100 D PER ACRE.
KYLE-DAVIES COMPANYI
«»» CltUtna Nallooa-I Bank B1J».