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Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, July 25, 1910, Image 9

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85042462/1910-07-25/ed-1/seq-9/

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NEWS OF THE MINES AND OIL FIELDS
RIO TINTO MINE NEAR
SILVER CITY IS SOLD
Valuable Property of 173 Acres
Passes to New Owner for
Z Liberal Sum
SILVER CITY, N. M., July 24.—
largest mining deal consummated in
this section for the past two years has
just been made, according to advices
received here. Some months ago, rep
resentatives of the i .io Tlnto Copper
company of Cleveland visited the prop
erties of the Savanna Copper company.
which Includes practically all the mines
of the Pinos Altos mining district, sit
uated nine miles north of this city.
George A. Easton, a practical mining
man of this city, lias gone to I.u!uth
to further the negotiations of the deal.
The properties Include a total patent
ed area of 1713 acres, and nlso fifteen
to twenty claims unpatented, In the
town of Pinos Altos, a largo residence,
office buildings, .store and warehouses,
and necessary buildings to conduct a
large mining business.
The purchasing company owns
smelting works in Mexico, about 150
miles from El Paso, and the Plnos Al
tos ores are needed for fluxing ■ pur
poses. It Is the intention of the com
pany to resume work on the Pacific No.
1 and Pacific No. 2 mines, on which are
the Giilett and Hearst shafts, the first
being to a depth of 1000 and the latter
to a depth of 400 feet. The last work of
the Hearst estate was on those two
mines, and except that the shafts are
filled with water, they are in good con
dition.
UAH-ROAD TO BK OPERATE!?
] The Comanche Smeltlnng and Min
ing company built a narrow gauge rail
way from this city to within a few hun
dred yards of the town of Plnos Altos,
and the road was successfully operated
until the smelting works of the com
pany closed down and later passed into
the hands of the Savanna Copper com
pany. The Tinto people will put this
road again into operation, which means
that the ores can be transported at a
great saving.
The camp has been practically idle
for the past three years, but lt la
known that the mines aro rich and
can be worked at a profit. The Plnos
Altos camp occupied first place as a
gold producer in the territory until the
past two years, since which the Mogol
lon district has taken first place. It Is
also the oldest gold producing camp of
Importance in the territory, and in
early years work was often interrupted
for months because of the numerous
Indian raids. . : ■ 'ft*
IDA MAY COMPANY WILL
DEEPEN OLD OIL WELLS
Concern with Headquarters in
Los Angeles Makes Plans
for Improving Property
The Ida May Oil company, 207 Mer
cantile place, has organized to operate
in the "Marlcopa-Mldway field.
The property consists of eighty acres
in section 2, 11-24, Kern county, adjoin
ing the town of Maricopa and sur
round by big producers. They are
about 8000 feet from the Lakeview
gusher and in close proximity to the
Sunset-Monarch, the Boston-Pacific
and the Adeline company, which prop
erty was recently sold by Barlow A
Hill of Bakersfield for $600,000, and in
connection with these the' Ida May
company is equal owner in a pipe line
located on the property, also a water
well, from which the company derives
a revenue. It Is producing oil from
three wells, which were on the prop
erty when it acquired the lease, which
is a perpetual one.
The company has Just installed a
brand new 70-horsepower boiler plant,
and Is splendidly equipped with all
kinds of surface Improvements, Includ
ing drilling rigs, pumps, pipe lines,
loading racks, necessary for economic
and rapid development.
As soon as the company finishes the
cleaning out of the old wells it will
start putting down two of the ten new
wells which the management proposes
to drill as fast as possible, as the fleld
is a shallow one, oil being struck at a
depth of less than 600 feet. The com
pany produces an oil similar to the fa
mous . Adeline road oil.
The president and general manager
of the company Is Ham Hartzell, who
is an old-time oil operator and devotes
all of his time at the property in di
recting the work. Associated with him
are practical men who are devoting
their time and energies to the success
of the company.
WELL NEAR LIVERMORE
HAS OIL INDICATIONS
LIVERMORE, July 24.—The Alasal
Oil company has considerable showing
of oil at about 1000 feet. Sixty feet of
sand is claimed. Below that more sand
was reached. It Is now stated that
drilling in this hole Is to be discon
tinued and this first sand perforated.
The drilling outfit is a light affair,
hence operations have been slow and
difficult. Tho well Is located on the
southwest quarter of section 15, 3-3, M.
D. B. M.
The W. M. & S. Oil company, com
posed of Oakland people, Is planning
to put down a hole on the same section.
It Is stated that the Standard has re
newed most of its leases ln this local
ity. Thla company drilled a hole about
8000 feet farther over near Altamont.
It is claimed at the time that only a
small showing was had. Its machinery
was removed.
The gravity of the oil In the Alasal
Is claimed to be 38 B, parafflne base.
AMERICAN OILFIELDS TO
DRILL NEW TERRITORY
McKJTTRICK, July 24.— E. O'Don
nell, held superintendent for the Amer
ican Oilfields, says that company will
soon start work on the front east of
McKittrlck. ,
The success of the Bobby Burns on
section 8, £9-2. and the Mahaska on 36,
29-21, the ffat named a mile southeast
of the Naetrema and the Mahaska the
same distance northwest, has demon
strated the existence of the ill sands
under a wide area.
The holdings of the American Oil
fields are shown on some maps as the
Midland Petroleum company.
JAMES WYNKOOP
SIX MONTHS ON STOCK EXCHANGE
MORE BUSINESS THAN LAST YEAR
Increase in Trading in Oil Stocks Cause of Immense Gain and Busi
ness Since January I—Totals More Than $6,ooo,ooo—Outlook
Promising for Continued Gains During Coming Months
The first nix month* of the year 1910 | Am enormous gain* In the stock trans* -
tions, exceeding all former records for one entire year, as the first six months' liu-i
ness for the year 1910 shows a gain over all the business for tbo year 19011 of $100,
--803.-8. The total business for the year 1909 was 86,340,025.03, ami the total business
for the first six months of the year 1910 was $6,440,320.26.
'. "While the last month's business on the exchange has been comparatively dull, It
Is certainly much ahead of anything that occurred during the year IMB, and, of course,
the first three months' business of this year were banner months on the exchange,"
said 1,, ti. rarsons, manager of the clearing bouse of the exchange, who compiled the
tabulated statement of soles given herewith.
"No exchange ln the United States shows such growth as Is shown by the transac
tions of the las Angeles exchange during the past six months," continued Mr. Parsons,
"and when the last six months Is compared with the total business of two years ago,
the record becomes phenomenal.
"That the growth of business is due entirely to the splendid showing In dividend
payments In oils, there can be no question and I look for even still heavier business for
the last six months of the year than we had for the first six months, as the eastern
publlo is Just beginning to wake up to the opportunities, possibilities and probabilities
of our better class of oil shares." '
■ The following Is a statement of the business for the past six months passing
through the clearing house of the Los Angeles stork exchange:
' ■ Closing
lIOMIS. High. Low. Mid. Asked. Shares. **_""•_„
American Petroleum .. . 8» 84 lit 80 _ K'iil'SS
Associated OH ......... 98 . 05*4 97 98 it 10 '?"'-''_.
Corona P. & W 100 »8 . . 97 98 M ..'-..
.tome T. &T. Ist mtg... 88 80 8- 81 M _!*?_;_,,
do Ist rfdg 78 70 Ti 7.-, 48 ?'f" oon
1,. A.'l'im-. Ist rfdg.... 103*4 103 .. 100 104 1 H.',' .
.Mission Trans 90 97 07*4 90 « ._'. _-„,.
far.He 1., ft 1* 98 9-% 97 98 18 - 'J',..'.'''
I'mled Klec. G. ft P.... 103*4 103 100 101 1 _•_••'.'."
tnion Trans. C 0........ 90 90 90 9- 6 ?/',,!,,,!,
V. S. Long Dirt... 73 70 63 ■ 75 •* -.1.0.00
Totals..'. .;. ... ... ::: ::: i" 1143.006.-5
All Xlght and Day 120 100 40 100 20 J'fSS'SS
Citizen* National 230 224 3-0 330 135 _'„.
Commercial National .. 145 143 ISO ... 20 MJ0 .00
j-'irM National 500 420 MS 400 « .'.„_',.
German American 330 330 330 310 10 .".,",
Home Savings 118 110 110 120 _ 20' MM.M
Merchants National .... 600 590 600 ... JO 2*22__*l_S
southern Trust Co 85 75 «5 73*4 00 1,010.00
T0ta1...... ... >.. '.'■'■ '■■'■ 3" »82,986.00
Edison pfd «4 70 69.4 73 283 22,761.50
do com «5 60V_ «0 65 523 .J''*-,'';;
Home Tel. pfd 57 35 38% 38 5,493 *"'?™_°
do com... 10.4 11 « 7 705 Jn 'i.?-^
L. ... Investment 310 293 310 9,8.,. I_Um
Mex. Nat. Gas pfd.... 55 49 49 50 W 3,36.88
Ton, Stone..y.y.: 5.0 3.3 500 S.S" 1,8 I«MJ
Son Diego i Home . 24.4 M j. 22*4 «1 91,,,, 0 „
r^^ngiS.f.v.v.v.v. 29 35 IS Sn « ■„,,„,,
I. S. Long Wst 43 35 .. 38% 130 t'}222
Total.. ." '."•' .'.'. ' *»■**■> ****.-™-*
A^lgama^ed^:........' 61 50 \ 53 135 7,530.00
American Pet. pfd...... 97 85 70 "93, 10 ..SSJJ
American com 76*4 «0 30 05 JJJJ Bi'S.soo
American Crude 90 80 98 4,000 .875.00
Associated Oil ':::::<:: 54 » MM 20 18.97 M9'2SJS2
Brookshire Oil '.. • 200 190 190 300 ■ <"> , M .5J2m
California Midway 89% tt 54'/_ 55V4 ••"•£*» 'Sm'jsSm
j:r»«7'v lU *W' 'f 4 2S -so Kylo. ?mSSS:S_
Coallnga Central 56*4 50 53 30.00 11,726 00
=^,i| ;.::.yv:.-: -.% .5 'i .« .37:100 •*£»
S-SU^W* ''.'.'■' MO 1.5 ft 11- 140 . l 'mm l.» 3.00
gS^SSo„:::::::::: «. i* .» 4. t™ ; ; mo™
? Iu, be„V?' ::::-::^::v.7... 1? 30 31 ? 222,373 91.081.39
limited Pfd ..v.-. £ 66 67 6*4 MM 8|»».0O
do coral... »t •** *» «** , 00 „ 10,505.00
«'7-i.?_.,u iSC^ 2^ 15 15 20 19 000 300,300.00
McKlttrlck mv *« »» *•» r »« .on 1(1183 73
WoKlttrick Oper JO _« *0 89 500 16 388.75
New /*2m-« l-> 20 '" 30 20 000 5,330.00
Nevada Midway ....... M -0 zo .10 1943340 203,008.46
Oleum Development.... 15 6 8 15 '-."J* °™ 80 063.25
Olinda I^nd 62 35 60 » ■ BS.SM.M
1n.".,1? 1 13 10 ?! 13 583 0,030.00
!." l»JLh'" 100 i" no 10.700 9,083.23
Klce Ranch 1™ 80 „ 110 lojuo ,
K«d Crude... 31*4 4« -» »' 33 700 16,910.00
Sect on Six Oil ... 40 .. « . 49,002.50
I ,nJ'"' r .,l ' '. W9*4 10 Ml* 101*4 10.3-... 1.089,038.01
„::;; Evident::::::: i««t_ * imh •■ '^ l»|ffl-s»
11 nited Petroleum . , » « 103 109 »J1 « 193.00
Velloivstone ou *" *° uv L_
Tota l ... '.'.'. ... 6,886,-03 »5,772,632.23
A^r^ftM^-. - " " " «-^ 88:"
Bonnie Clare M. * M.. i» " » _ 5 000 50.00
I*". 1, 1/"". Alliance 13 Va 2*4 8 B*4 618,900 46,764.75
California Hill- 13*4 -£= . » »*» 302000 3,346.00
Cons Mines * 0 , sen » w , 000 19,058.00
(ark Copper »Mi */a • ." .1 omi fi" 00
»■='••, 33 j » ■:- 51 : i ,~
Coalition *ou Q » _ MM 2,925.00
WtevVsV-f^ -0 900 920 300 2,520.00
i.oldtleld Cons ww »03,100 36,70...'.-,
Johnnie M. * M 19/- » » » - 00 M
Jumbo Extension 32 15 -5 27
"'■ MM?, ri '^ 4 ? 6*4 8 1.000 70.00
Oro Mining C 0..... i l p 2 32,000 390.00
vXw"C. 1". ..::: • « M * moo m*
____. *;' 1,915,300 »119,489.50
T0ta15...... ••- • ' j> 8,801.738 $6,446,320.26
Grand totals -•• ________! ___________________________________________
WARNER COMPANY OF WHITTIER
SELLS SAVAGE LAND INTEREST
WHITTIER, July What is re
garded as a rather Important
deal In local oil circles was con
summated Saturday whereby the War
nner Oil company disposes of its hold
ings In the Savage lands to the Cana
dian-Pacific ; Oil company..
The deal carries with It the lease of
forty acres of land, whereon eight
wells are now in working order. The
purchasers are located on adjoining
land and are well equipped and ably
backed, financially, to carry on the
work in a successful manner.
Owing to the fact that there has
been some prolonged litigation involv
ing title to the lease and for other
and Buftclent reasons the promoters
MIDWAY FIVE
TAFT, July Well No. 1 of the
Midway Five, operating a lease on
thirty acres fnm the Hale-McLeod Oil
company <>.. the north end of the south
west quarter of 5, 32-23, is down 1320
feet with 12%-inch casing. According
to the log of No. 4 of the Hale-McLeod
the first sand should be reached at
2000 feet.
Hale-McLeod No. 4, with a packer ln
at 800 feet, Is flowing steadily produc
ing 500 barrels a day. This well was
drilled to 2113 feet and finished in 65
feet of sand.
*-»-*• ,
EXPECTS PAY SAND
McKITTRICK, July 24.—The Mahas
ka Oil company, section 36, 29-21, Is
down past 1150 feet and expects the
pay sand within 300 feet. A gas blow
out occurred at 1100 feet and some
light oil was encountered Just below.
The Mahaska Is on the McKittrlck
front a mile northeast- of the Nacire
ma, the first' discovery in that local
ity
LOS ANGELES HERALD: MONDAY MORNING, JULY 25, HMO.
of the Warner company felt that it
was a desirable move to turn over'
the property. '
In 1900 the Warner company was
organized with a capital of $200,000
and in former days it was a fine divi
dend payer. Recently things have not
gone along quite so smoothly and in
view of the prolonged litigation all
parties concerned thought the move to
sell a good one.
The price paid was $40,000 for the
lease. Officers of the Warner company
are: Isaac Collins, president; John
Crook, vice president; A. C. Maple,
treasurer and secretary, who, together
with J. T. Klrkwood, A. Jacobs and
Truman Berry, form the directors of
the same.
LANDS IN HARD SHELL
, COALINGA. July 24.—The Coallnga
fc'-curity, section 8, 20-15, has landed
the BH-lnch casing in the hard oyster
shell reef and the hole was found to
be in perfect shape from top to bot
tom. The pipe froze in the shell and
if they fail to loosen this pipe the wa
ter will be shut off with 6 5-8 at a little
deeper point.
The main body of the oil sand is un
der this oyster shell reef, which Is
estimated to be about twelve feet thick
at this point and will be ; drilled
through next week.
STRIKES GAS POCKET
COALINGA, July 24.— pocket of!
gas opened up in a back recess of '
some underground channel caused the j
Blue Moon to. throw oil up Into the I
derrick one day last week.
The flow quickly subsided.
•—»-
COALINGA CROWN RESUMES j
COALINGA. July 24.—The Coallnga
Crown, section 30, 19-15, has resumed
operations, after a shut down of two
months. The hole was left at 1910 feet
,with g'/i-lnch casing t
FOURTEEN STATES URGE
ROOSEVELT TO VISIT US
Mining Congress Convention and
Conservation Inducements
for Big Chief to Come
Fourteen Rooky mountain and Pa
cific coast states are now lending their
stream of letters and resolutions to
former President Theodore Roosevelt
Inviting him to attend the American
Mining congress convention in Los
Angeles. In all these states, from
Colorado west, there is hardly a single
■ chamber of commerce that is not
adopting a resolution pointing out the
desire of the west that the "father of
conservation" attend the convention
I and explain the principles of his policy
I to the mining, smelting, coal and oil
men of the country who have been
more or less affected by the operation
of regulations based on the so-called
conservation laws already passed.
It is not unlikely that fully three
or four thousand letters and resolu
tions from th.-. states have already
been sent to Roosevelt or will have
been before the stream stops. Many,
if not all of the governors, United
States senators and congressman, and
many mayors of these states have also
joined in the general demand for
Roosevelt and Roosevelt alone. With
in the past week the movement shifted
to the mine owners.and operators of
these states, who likewise have begun
sending personal appeals to the former
president.
Officers in charge of the convention
committee of the Sierra Madre club
of Los Angeles, which has the Ameri
can Mining congress affairs in hand,
say with the utmosa positiveness their
confidence that Mr. Roosevelt cannot
escape the duty he owes these west
ern states embraced within the mining
congress, and are holding the hope
that when the stream of invitations
: has grown sufficiently voluminous, Mr.
! Roosevelt will realize that it would be
j little short of a political blunder to
ignore the offer which has been ten
dered to him as a friendly invitation
from friendly sources.
The recent publication of Mr. Roose
velt's middle western and southern
Itineraries indicates a gap between
September 10 and October 8, during
which no public speech has been sched
uled, and it is for these dates that
the Sierra Mai. club is asking Mr.
Roosevelt to become Its guest, the
dates of convention being September
26 to October 1. Mr. Roosevelt would
have two weeks after his Pittsburg
date, when he closes his middle west
ern trip, in which to reach Los An
geles and would have a week after the
Los Angeles convention in which to
assume his southern engagements. His
friends here assert that they do not
believe he can afford, with this time
on his hands, to slight these Rocky
mountain and Pacific coast states most
interested in his conservation policies,
as it is plain that these states are
practically the only ones that have
not been included by Mr. Roosevelt in
his schedule of public addresses.
Certain of the leading chambers of
commerce of Southern California are
now formulating an entirely new plan
which they will urge, upon Mr. Roose
velt and which will result in the pres
entation •of an entirely new itinerary
to cover practically all of these four
teen Rocky mountain and Pacific coast
states In coming across the continent
and returning. Just what these plans
I really are, however, the promoters of
the idea will not say, but promise that
within the next week they will be
ready to make them public. It is evi
dent,' however, that this itinerary will
i include such cities as Salt Lake City,
Butte, Boise, Spokane, Seattle, Port
land, San Francisco, Reno, Nev.;
Phoenix, Ariz., and probably Oklahoma
City, Okla., and El Paso, Texas. It is
hinted that all these states to be vis
ited according to this newer plan will
be induced to take as lively an in
terest in securing Mr. Roosevelt as
has been shown by the Sierra Madre
club, the local mining and oil men's
organization, since it first initiated the
Invitation to Mr. Roosevelt to attend
the American Mining congress.
Such an itinerary would doubtless
include other visits at intermediate
points, Inasmuch as sixteen days
would elapse between Mr. Roosevelt's
Pittsburg date and the opening day of
the mining congress convention, so it
is not unlikely some fishing or hunt
ing trip may be injected into the itin
era to take care of this extra time
not required in visiting these various
cities coming west and returning east.
FOR KETTLEMEN HILLS
COALINGA. July 24.—There are sev
eral sets of rig irons at Huron which
railroad men say are for the Kettleman
hills. The large shipments are now
made from Turk station (formerly
Stanley) and large quantities of pipe
line supplies are there ready for ship
ment by team to the right of way. The
teaming headquarters for the Kettle
man hills has been transferred to Turk;
a large stock corral with forty ani
mals used In hauling pipe line and oil
well supplies for the Associated Pipe
Lines company and operators in the
Kettleman hills are now kept at this
point. The little station is very busy
with its temporary buildings as head
quarters.
■»-» » ■■
IN COIN SHALE
McKITTRICK, July 24.—The Came
Cle Oilfields limited, operating on the
northeast quarter of 15, 31-22, a quar
ter of a mile from the Coin, which is
in an oil sand at 3590 feet, is down 2960
feet in the same brown shale that the
Coin has. The 10-inch casing was car
ried down 1400 feet and the balance
of 1560 feet is open hole and standing
up well.
Because of tho Coin strike Manager
Burns feels much encouraged over the
prospects of the Carnegie, in which
the laird of Sklbo Is Interested.
COMPANY ORGANIZED
TO DEVELOP LARGE
HOLDINGS AT SIGNAL
The Urigo Mining and .Milling com
pany, with s capital of $500,000, has
been organized In Loa Angeles to de
velop gold, silver and tungsten proper
ties at Camp signal, near (Jolt's. The
officers are ... 1.. Lombard, president; J.
K. .Main, vice president and general man
ager ; K. D. Wine, secretary; L. J. Eshle
man, treasurer; and J. 8. Wang, addi
tional director.
The Lelser-Hne company has been ope
rating In this district for two years, and
the Monte Crlsto company has recently
heen organized to work In the same
camp. '
TONE OF MARKET
STILL UNSETTLED
Industrial Prospects Are Con-!
fused by Many Conflicting
Reports
BANKS BUILDING UP RESERVE
Declared Intention of Holding 1
Down Copper Production
May Be for Effect
[Associated Pressl
NEW YORK, July 24.—Incidents of
la.st week served to keep the attention
of financial markets to unfavorable fea
tures in tho condition.: of business and
to unsettle the speculative tone in the
stock market. ,
• The spring wheat prospect has lost
the foremost prominence which was
given it by the government report of
heavy deterioration dining June. Also
the offsetting advantage of the large
yield promised for other grains, notably
corn and winter wheat, have neutral
ized the influence of the spring wheat
shortage. The importance attached to
this offset came Into view in the mani
festation of anxiety over less favorable
reports during the week from the corn
belt and the need of rain to carry out
the promise for the crop.
There was a good deal of confusion in
the reading of the financial prospects.
A rise in the price of copper industrials
was based nominally on reports of an
agreement among the principal pro
ducers to curtail output to the limits
of the present demand, which is large
in itself. These reports were subject
to the usual suspicion of design for
effect on the stock market. The sus
picion was heightened by unexpected
reduction in the dividend on National
Lead stock and the violent decline in
the price of that security which re
sulted.
Strong forces are at work to build
up the reserve strength of the New
York banks, hut the banking position
1-* the country at large remains open
to discussion.
COLORADO RIVER PLACERS
PREPARE FOR OPERATIONS
Prominent Los Angeles Man Will
Ship Machinery—Recent
Strikes Run $50 Yard
W. H. Newerf of the Newerf Rubber
company, who purchased a twenty
acre claim adjoining the property of
the New La Paz Gold Mining company,
four miles from Ehrenburg on the
Colorado river, is making preparations
for installing a hydraulic plant for
developing the ground.
Newerf will buy water from the New
La Paz company and will probably
be working the claim early next fall.
The Seattle Placer company, with
the property adjoining that of the
New La Paz Gold Mining company,
is putting in a pumping plant.
S. B. Guernsey, superitendent of the
New La Paz Gold Mining company, in
a letter received in Los Angeles yes"
terday, reports making two strikes on
that property which ran on an average
of $50 a yard. The gold In these
strikes was very coarse. Other strikes
made on this . roperty the past several
months show the ground is very rich
throughout the entire five claims.
D. A. Raser, the engineer; G. A.
Scrogg3 and O. L. Grimsley, president
of the New La Paz Gold Mining com
pany will leave Wednesday for the
property, traveling by automobile all
the way. They will go across the Col
orado desert, leaving the Southern Pa
cific cut at Salinas and taking the road
to Blythe and Parker. They expect to
be gone ten days and while at Ehren
burg will see the first machinery • in
stalled at the New La Paz property.
~ ♦*•
UNION PROSPERS
Reports showing the affairs of the
Union Oil company to be in most pros
perous condition were submitted at the
July meeting of the directors of that
organization held at Oleum Friday.
These reports related to the shipping,
manufacturing, production and field
departments.
The directors Inspected the com
pany's refinery at Oleum and improve
ments made recently. ,
Meetings of the directors of subsi
diary companies were held, these being
the Mission Transportation and Re
fining, Union Transportation, Unior
Provident, United Petroleum and New
love Oil.
Lyman Stewart, president of lie
Union, went from the Hotel De] Monte,
where he has been several days, to 1
Oleum in an auto, and will spend som«
time motoring in the Lake Tahoe coun
try before returning to Los Angeles,
Giles Kellogg, secretary, and W. W.
Orcutt, geologist, of the Union, re
turned to the city yesterday morning
from Oleum.
OVER 900 FEET DEEP
SANTA MARIA, July 24.—The Sum
mit Oil company, drilling on the Wlt
zen tract in the northern end of Cat
Canyon district, reports No. 1 well now
over 900 feet deep. The hole is farther
north than other oil in the eastern field,
and If it gets into oil will prove up a
big section of Intervening territory ly
ing between It and the palmer (Bloch
man) lease.
BEES MAKE ATTEMPT TO
HIVE IN TROLLEY CAR
NEW YORK, July 24—A swarm of
bees tried to hive, in a trolley car of
the Bloomileld avenue line, occupied
by fifty men and women, between
Verona and Caldwell, N. J., yesterday.
They were not driven off for nearly
twenty minutes. While the car crew
assisted by a few of the graver male
passengers attacked the bees, the
women ran screaming from the car
as soon as it was stopped and did not
board it again until they were sure
that the last bee had been chased out.
Several men Jumped out of windows.
Frank Van Amburg, the conductor of
the car, says he saw the swarm ap
proach, but thought it would fly over
the car. When it entered the vestibule
he tried to enter the car and shut the
door, but was not quick enough.
William McKelvey, the motorman,
seized his raincoat, which proved to be
a good weapon, and the car was soon
litter: 1 with dead bees. Three passen
gers were stung. - .
The Ida May Oil Company !
desires to announci to tlif public- thnt tlicy still have a small block of
their TWENTY-FIVK-CENT STOCK which they aro closing out, and ,
when this stock is old not another sham will bo offered the public
for double this price as tho developments at the camp warrant an |
advance In the stock ON ITS MERITS.
WHY NOT BUY STOCK IN A COMPANY THAT IS |
PRODUCING OIL? i
I We are so confident that we havo a WINNER thai we will pay the j
i expenses of persons who deal' to see the property and are willing to [
I Invest if thoy find the property as we represent it. !
I BUY THIS STOCK BEFORE IT IS LISTED, AS IT j
WILL BE ONE OF THE POPULAR STOCKS on the ex- !
changes of San Francisco, Los Angeles and Bakersfield. i
STOCK SOLD ON TERMS IF DESIRED
; ONE-QUARTER CASH. ONE-QUARTER EACH THIR- j
TV DAYS THEREAFTER. CAN YOU AFFORD
TO OVERLOOK THIS OFFER WHEN IT
\ MEANS DOLLARS TO YOU? • j
' Telephone HOME P5955, MAIN 1357, or call at o.rioe for folder or \
j information regarding tho MAUICOPA-MIDWAY FIELD. j
I Ida May Oil Company
! 207 MERCANTILE PLACE LOS ANGELES j
l
CLEARING HOUSE BANKS
~~~~NA.U__ ____ t>l 1 I ('-..{,.
,_ ,£,_._. » T _• i t_-.„i. IK.MAS W HELLMAN, President.
nited States National bank F . w . smith, caahier.
Capital, $200,000.
a. E. corner Main an. Commercial. Surplus and Profit $73,000.
C__ » T . ■ ,„ . I! .'.. WATERS, President,
itizens National Bank wm. w. woods, ca-iuer.
Capital, $1,000,000.
S. W. rnrnar Vhlrd and Main. Surplus, 1500,000.
..»,.■ 1 T.-^.',- 'V. A. BONYNQE, President.
ommerctal National BanK newm vn essick. cashier.
Capital. $200,000.00.
4.1 S. fi] Inc. corner Fourtn. Surplus ft Undivided from?, $17,000.00.
F„ .., ', .., •.:„__! d,„i, I. W. HELLMAN, President.
armers & Merchants National Bank charles seyleii, cashier.
Capital, 11,500,000,
Corner Fourth and Main. Surplus nn ! Profits. $1,000,00".
F~. AT .. T-^ , J. M. ELLIOTT, President.
irst National Bank w. ■■ s. hammond, cashier.
Capital stock, SI,-50,000.
8. K. corner s>rmJ and Spring. Surplus and Profits, SI. .-'.OOO. |
Mi _ ~. . 7~Z „i W. H. HOLLIDAY, President.
erchants National bank chas. greene, cashier.
Capital, $200,000.
S. E. corner Third ani Srrlnr '_ Surplus and Undivided Profits, 5150.000.
T. T^^ I 7~7T~KcZZZn. J. E. FTSHBURN, President.
ational Bank of Calitornia „. s McKE _, cashier.
Capital, $500,000.
N. E. corner Fourth and Spring. Surplus and Undivided Fronts, $130,000.
IC.*t , i ,T. _ I S. F. ZOMBRO, President.
' entral National Bank james v.. cist, cashier.
I Capital, $300,000.
U B. E. corner Fourth and Broadway, Surplus and Undivided Profits, $243,000.
; T . „„, ~~Z WARREN OILLELEN. President.
! B roadway BanK & Trust Company H'AWIKN rtII.I.KI.KN. PrC-ldenU
roadway BanK & Trust Company A . w. redman, cashier.
Capital, $250,00<J.
SOB-SIO -.roadway. Bradbury building. Surplus and Undivided Profit-, $535,000.
__-_-
SECITKITY .^
Largest and Oldest in the Southwest
■source, $29,000,000.00
ray» the blgbest rales of Interest and on the moat liberal terms con-latent wit*
sound, conservative banking:.
Largest and best equipped Safe Deposit and Storage Vault in the
Southwest.
I Security Building. Spring and Fifth Streets A
1 ' Z,
EiUllAll-UnIAVW BANK
ZW*" THE BANK WITH THE 'mmm^m\M_ m9
EFFICIENT SERVICE
J-&R/NG AND FOURTH STS. »
i , I, —
. —. ■—;— i
LOS ANGELES TRUST COMPANIES
Merchants Bank and Trust Co. £££ ov^ SSSS
n-.*. A >_. ,%*.r\ _■«___.■• « Transacts a General B»a_t
f/A South Hoover street. 209-11 S. Broadway '.sw and Trust Buslneaa.
HARNESS w n. L, c -_Smm ,»**, SADDLERY
CALIFORNIA OIL MAY
BE USED IN MEXICO
Movement Abroad Will Probably
Lead to purchase Here
of Large Quantities
SAN FRANCISCO, July 24.—Gather
ing' a bit Of. information here and a
bit there, persons are inclined to be
lieve within a comparatively short
time, say within a year, Mexico will j
be burning California oil on its rail- i
roads, both nationally and privately |
owned. Provided the tariff were re
moved, and there is no doubt that the
Mexican government has given a bind- j
ing though unofficial assurance that
this will be done upon formal request,
California oil can be laid down In
Mexico at a profit and yet sell for
less than the native product is worth
for purposes other than fuel.
Mexican oil does not begin In quan
tity, yet, to meet the requirements
of the country aside from Its value
as fuel, and the chances are that it
will be made use of for refining, but
the government and the public would
be greatly benefited If there were a
supply to serve the locomotives.
Until the past few months there
seemed no source of available supply
sufficiently permanent to warrant the
adoption of oil generally upon the rail
roads, but now that the fields of Cali
fornia have disclosed themselves so
unexpectedly rich, the doubtful expe
diency of converting the engine fur
naces to oil burners has disappeared.
Consequently, there are good grounds
for believing that, sooner or later, Cal
ifornia oil will find a market running
un Into thousands of barrels a day.
+-m+ <
ADOPTS ROTARY DRILL
SANTA MARIA, July -i. The Pal
mer Annex Oil. company has installed
a combination rotary and Standard rig
on Its No, '_. This new mode Of drill
ing was adopted on the sugestion of
one of the drill' on that leases and
Is the center of considerable interest.
The rotary is very popular In this sec
tion owing to the fad thai heavy drill
ing is necessary to get through the sur
fact formations, and it is opined that
the adoption of this method will sim
plify the work. The well will spud in
within a day or two.
The Annex No. 1 is now running
down a string of stovepipe and has
reached a depth of 160 feet.
4*£& Doubting 4<£J|fc
fiSjjjlfißl whether ynu ought to openfewttt^ria
an account? It will ynySMjgmr
you to step in any day, hut \flL
especially Saturday or Monday. \»
?S| Doubting 4fß|
|__|u-h"t ynu ought to oponlsM^^^p
\tf in
ymi to .-top in any clay, hut
especially Saturday or Monday.
See the thousands of depositors,
old and new, and ask them what aw
they think of the All Night and M
Day plan. They are our reference. wl
Talk with our officers, You will , »
open a new account before you fl
KjjXgffitm+sptrfr/Gsr m \_Sflifl_jf
PHP**' rRLE '"^mflfipM
KtEREOFTICON LEOURTx^H
■^ <=».—. \
iOCEANOBEACM)
BSLtUD-AY- t\ FRIDAYS e>?.n.J\^f^t^^M
tor s. sdwY
lt-t^^___\
I *mmmm-mmMm-_-_-_______________-m
■** (_vef*ctfeATfctnt **r
53,000 SHARKS
of tlre Capital Stock of
Mutual Home Bldg. Corporation
Now ottered at $1.00 0, sliara.
313-341 Citl-t'iis National Bunk Bill*.
Verdugo Canyon Land Go.
Has Ju»t leaned the Most Beautiful and ar-.
1-tlo Illustrated Booklet ever publUbed la
'ms Aug.lre. Call or tend for aaa.
JNQ. A. PIRTLB
ft"" _ .
Hfomp fflvilbei
Gives you opportunity to participate
in the proUt of Lob Angeles' upbuild
ing. Stock pays $1.80. Pays 16 per cent,
dividends payable quarterly.
120 a. Broadway. Ground lluor Maaaa
Opera House.
' ■
DEEP. HOLE WELLS
SANTA MARIA, July 21—Tho Union
Is carrying down several deep-hole
wells on tho Puxlma bills and is evi
dently sparing no money ln Its en
deavors to net oil, The report shows
some of the wells far past the 3500 feet
mark nnd more ,ii' to be lidded 10 the
deep hole testa.
9

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