Los Angeles herald. [microfilm reel], September 03, 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
SHOULD GO EASY UPON
CONSERVATION MATTER
Eminent Writer Urges That Popu
lar Sentiment Be Weighed
Before Passing Judgment
Those who advocate the policy of
conserve.'ion l.aye much argument up
on their side *o • they insist that the
natural resources of the nation should
not be ruthelessly wasted nor de
stroyed, says the California Oil World.
Such sentiment appeals, because it is
appealing to the patriotism of every
Inhabitant who realize* that the bet
tering of the i nited tSatea is the
Ing oi .1, ti of Its citizens, those
now living and those yet to be born.
But how in . conserving shall bo
done anil how It shall be carried into
effect arc questions upon which we
can all honestly and patriotically
differ.
If it be admitted that a natural re
resource does not need governmental
conserving where there is no waste
nor useless consumption, it must be
admitted that California's oil terri
tories should .be left out of the pro
gram, for, in so far as production
and consumption of our oil is con
cerned, the matter is self-regulating.
No more oil is going to be taken from
the strata containing it than there is
us? for, and it will not be contended
that enough to supply the public's
requirements should not be drawn from
the measures as needed.
Under the present social system, as
under a regime of conservation, the
same amount practically of this form
of wealth would be consumed, that is
11 say, whatever might be demanded
by industries and commerce. If it
be said that such is not the case at
the present moment, the reply can be
returned that whatever code of law
or conditions of iociety prevailed, new,
great and unexpected gushers, to which
the over production is attributable,
■would bring about the same embar
ressment of oil riches.
Petroleum lands should not be classed
■with forests in their adaptability to
the novel treatment proposed, for pe
troleum does not reproduce. The pro
cess of denudation can have no coun
terpart in the extraction of oil. There
Is a certain and positive quantity of
oil beneath the surface which can not
be cultivated, nurtuned, nor conserved
as can trees, and to extract it all
would have no secondary effect similar
to that resulting from the destruction
of forest covered water sheds.
WILL BK I'UOTKCrEI)
Those who discuss conservation as
applied to oil lands, should remumhtr
to take into consideration at all times
the fact that the public, which la
synonymous with the government, will
be protected in any event. All that
conservationists deserve is a not too
copious use amounting to recklessness.
That can not take place in oil prob
ably except temporarily, but should
such be the case permanently, the oil
must necessarily be obtained the more
cheaply and the government (public)
by usin™ it would be enabled the more
readily to convert it into other forms
of wealth. To the government Hits
would mean a true equation aa there
would ba no reduction whatever in ac
tual values. Less oil there would be
i.. the ground b' t more industries, bitt
er and bigger towns and cities, better
Ktroets and roads, increased foreign
and internal commerce, advanced pros
perity in all lines with general exten
sion of the comforts and happiness of
men and women—these would result.
As a matter of T.-hole truth, If Cali
fornia oil were, say, "dirt" cheap and
continued so, such an empire of busi
ness and industries would be built up
on tliis coast as would be considered
the marvel of the earth, recompensing
the nation a thousand fold for tho
loss of Its oil.
13ut this cannot be the event be
cause dirt cheep oil will not be pro
duced. Oil will be produced only at
a profit and will be bought only at a
profit and these two facts will keep
the use without wastefulness at ap
proximately a rational amount. Yet
the conservationists by urging the
•withholding and the doling out of land
In parcels and driblets would have the
government Interfere :uid set up a
false condition whereby the people
(government) would lack opportunity
to make the best of one of their most
valuable possessions, namely, the
crude fuel of California.
MIDWAY NORTHERN IS
READY TO DELIVER OIL
MARICOPA, Sept. 2.—The Midway
Northern Oil company operating an
eighty-acre lease, the south half Of
the northwest quarter of section VI,
12-23, has made a contract to deliver
Jts oil to the New Center and Ana
conda oil companies, which supply two
railroads and a small refinery in the
north part of the state. The Midway
Northern has laid 12,000 feet of pipl"-'
connecting its well with the receiving
tanks at the New Center loading
racks, hits installed a large pump and
expects to commence to deliver oil not
later than Saturday. S. M. Warm
bath, secretary and manager of the
Midway Northern, states that the oil
•will net the company 47',1s cents a
The' Midway Northern finished its
veil about Six weeks ago at a depth
of 11103 feet, and has since put in an
eight and a quarter inch agitating
Htring. The veil (lowed recently for
four days, producing from 1700 to
2200 barrels a day, the oil testing 19,
3-10 B It is expected that when the
•well thoroughly cleans itself out that
It will have a production of about
"500 barrels. The company has let a
contract to J. M. Latta at Mancopa
for a standard 84-foot rig for well
No 2 and has placed orders for a new
boiler and engine. Drilling will com
mence within thirty days.
MIDWAY MARICOPA MAKES
PROGRESS WITH ROTARY
President George C. Haldemann of
Midway Marlcopa Crude Oil company
returned yesterday from the Midway
Marlcopa oil Held, where his company
has begun drilling with a rotary on
the .southeast quarter of section 82,
12-23
Rapid progTeßS is being made with
the rotary drill and about 200 feet
were Uril'lod the lirst twenty-lour
n'i's expected that, barring accident,
thp well will be drilled to a depth of
1700 or 2000 I'eot within thirty days, at
which depth the drillers and engineers
are confident that they will encounfc r
I une oil sands which have been
penetrated by the Midway Paclfl
Midway Northern on adjuining quarter
i.uctiona.
JAMES WYNKOOP
LAND WITHDRAWALS WILL
BE SUBJECT OF BIG OIL
MEETING AT BAKERSFIELD
Tomorrow's meeting In Bakersfleld has
hern called for the purpose of devising
ways and means whereby the effect of
recent rulings of the land department In
relation to oil land claimants seeking pat
ents may be successfully resisted. There
will be a large gathering, according to
assurances given this paper, and If every
man who Is vitally Interested In the mat
ter which Is uppermost nil! be In attend
ance the gathering will be of immense
proportions.
How successful and far-reaching the
effects of recent land office rulings will
be found to be It Is Impossible to fore
cast, but that those effects will be disas
trous to hundreds, including not only
locators but leasing and operating com
panies which have In some instances
thousands of stockholders. Is positively
known. The situation Is serious and criti
cal) something must be done.
The rulings of the land office are revo
lutionary In their nature. They reverse
the land office in several extremely Im
portant particulars. They give an inter
pretation in the light of which a large
portion of those seeking patents have
conducted themselves, proceeding exactly
in accordance with the statutes In such
cases made and provided.
MINING QUOTATIONS
NEVADA STOCKS
Exclusive dispatch to The Herald by L.
A. Crlsler A Co., member« of Los Angeles
nock exchange, 200-201 I. W. Helln.an build
lug, Los Angeles.
SAN FRANCISCO, Sept. 2.—The market for
Southern Nevada stocks was Blow and druggy
today, although prices held firm throughout the
list. The entire Goldfleld list showed but one
or two minor changes, the leaders holding
nrm at yesterday's figures.
In the Tonopah camp West End was clown 2
points and Jim Butler 1. Tonopah Extension
was offered at 03 cents and Midway at 23.
The San Francisco stock exchange will stand
adjourned until Tuesday morning, September 6.
Following were the closing quotations:
GOLDFIELD DISTRICT
Bid. Ask. Bid. Ask.
Adams 1 2 Kewanas .... 8 9
Atlanta 12 13 >reat Bend ..3 4
Booth 11 12 (Ot Bend An. .. 1
B B Kxtcn. .. 1 Orandma .... 2 3
Blue Bull ..5 6 Jumbo Ex ..40 42
Bluo Bell .. 2 .. 'Kendall 3
i. ■: Bon I Lone Star ... 3 4
Col Mtn 7 Lou Dillon .. .. 2
Comb Frac. 41 43 Oro 7 8
Crackerjack.. 2 3 Red Top Ex. 8 4
Dnisy 4 5 Red Hills ... 4 6
Florence ....2121J 215 Sandstorm .. 4 ...
Flor Ex .... 1 2 St Ivea IS
VT Moh .... 2 .. Silver Tick .. 6 S
Gold Con ..525 830 i'el Tiger 8
TONOPAH DISTRICT
Bid. Ask. Bid. Ask.
Belmont ....395 39714 North Star .. 8
Jim Butler.. 27 29 Res Con 10 ..
Midway .... 85 .. Ton Mm ....850 875
Montana .... 8.". .. Ton Ex 87 83
MacNamara. 87 .. Wat End Con 60 61
. BULLFROG DISTRICT
Bid. Ask." Bid. Ask.
Amethyst 1 Montgm Mtn. .. 1
Bullfrog Mln .. 2 Mayflow Con. 8 4
Bullfrog NB .. 1 Tramp Con ..4 5
Bonnie Clara 4 .. Val View 1
MANHATTAN DISTRICT
Bid. Ask. Bid. Ask.
Little Grey.. .. 2 Man Dexter.. 8 9
Man Con ... 4 6 Mustang ..... 1 -
Man Mining. .. 1 Thanksgiving. .. 4
OTHER DISTRICTS
Bid. Ask. Bid. Ask.
Eagle's Nest .. 6 Round Mtn .. 41 45
F-vlew Eagl ... 4.1 Pitts Sllv Pk .. 60
Nev Hills ...215 230 Coalition .... 11
BOSTON MINING STOCKS
Special sorrlM to The Herald by J. C. WH
■on' 212 Welt Fifth street. Los Angeles.
BOSTON, Sept. 2.-The Boston market was
steady today with business very quiet. Indi
ana was the. only bright spot In the whole
market. This stock gained point with very
good buying.
Quotations closed as follows:
Bid. Ask. Bid. Ask.
Am Pneu ... 4% ■■ Michigan ..■•*'* 4*4
do pM .... 16 17 Mohawk .. ■■ m -I" 1:
Adventure .. 6 7 Nev Con ....20V 4 8014
Allouez .... 40 42 North Butte.. 2,"-i .S
Atlantic ... '> 614 Old Dominion 35
Arcadian ... 6 61i Dsceola 123 ..
Ariz Com ... IMi 16Vi Parrot 13 16
Apex 314 "i Qulncy 73 IS
Butte Coal'n is 181-, Santa Fe .... 1' ITs
Calu & Ariz 58 CO Shannon .. .. 894 10U
Calu & Heo. .. 65 Shoe Mart. .. 49JJ 60
Centennial .. 17 18 do pfd 2,., 88
Con Mercur. 10 13 Sup Copper.. «Vi M
Cop Range.. 6814 6614 Sup and Bos 8 8%
Corbin ...13 13% Hup and Pitt ll»,i 12
Day West .. 6 6 Swift . 10814 lOTVi
l-ast Bint.... 714 7% Tamarack ... 65 68
Elm River ..25 SO Trinity .. ■■ 6 3 61
l--r.ink.lln .... 10.; 10% United Fruit. l 96 19514
Branby ... 32 t* „ B Smelting 3SV4 MM
•Jrc-ene Can. 7 7T4 do pfd 48Vi 49 I
Hancock ....21 22 I Utah Con ...3314 23*4
Isle Royale.. 19 10% Victoria .. .. » 3%
Keewenaw .. tM B%fWlnona .. .. 714 81,
Lake ... 34* 3514 Wolverine ...123
La Balle .... 10 KM Wyandot .... 114 1%
Mass Copper 7 V& Uaai Ou ... JOJi B9H
UivflnwH 40 80 do pfd 9154 93
MexCon "4S 60 North Lake.. 9V4 10
Miami 19 MVi Indiana 18H 18%
NEW YORK CURB
Special Mrv'.r- to The Herald by J. C. Wil
son, 212 West Fifth street, Loi Angeles.
NEW YORK. Sept. 2>—Following were the
doling quotation*: __] ._,
Bid. Ask.l Bid. Ask.
Am Tobacco.39s 400 Mason Val... 7% 1%
B a Gas ... 0»4 094 Miami 191 8 I 9"
Chicago Pub •!'■ 4% Mines of Am 65 67
Havana Tob. 8 B Nevada Utah 0% 0%
; stand'rfl OH 18 8 3 Isslng .... 10% 10%
■ Cns Btmp It 17 21 I Ohio ..2 "'»
1 Butte Coal'n 1714 Hi'iiltwhlde Coal. 11 li
Davis Daly. '■'■. i\i;.iy Central. 214 -Hi
Dolores .....i 6».i 6 nay Con .... 18 ISV 4
Ely Central.. 014 ''- ""'' ltah..' 1"4 1T»
Ely C0n801... V 83 United Cop... 4% 614
Inrerne Can. 7 ',-, Yukon 3Ta 4
airoux 614 ( , ('hlno 14« 14%
Inspiration .. 7 7 8 Con Aril .... lit J;
Kerr Li ke .. ''. tiVKeystonn •■•• 314 8H
I i.a Rose, .... 31i 4 |El Rayo 8% 87»
SAN FRANCISCO OIL STOCKS
Service to The Lei Angeles Herald by L. A.
Cripler & Co., member! Los Ar-i*i stock ax
change, 200-201 11. W. Ht-Uman building. Lo«
An^elfl. •
! SAN FRANCISCO, Sept. I.—Following were
today's quotations on the San Francisco stock
exchange: —Opening— —Closing-
Bill. A kcl. Bid. Asked.
Associated Oil ... 40.25 .... 89.75 40.00
Brookshlro 1.65 .... 1-6214
Illinois Crude .40 .... .46
Mascot Oil 2."0 2.00
Monte CrlEto .... 2.00 .... 2.90
New Pennsyl .... 10 .96 .... .95
Palmer Oil 1.4714 1.60 1.4714 1.50
Premier 80 SO .83
Silver Tip 1-78 1.96 1.76 2.00
Sales—loo Monte CrIMo 8.DO; f/JO Pacific States
.37; 100 Premier .81; 800 Palmer 1,4714; 600 do
1.60.
. * »»
YUMA NOT A CANDIDATE
YUMA, Sept. 2.—Yuma is not a can
didate for the 1911 session of the Amer
lean Mining congress, contrary to pre
valent opinion, and the field apparent
ly lies open to Douglas, to which the
local chamber of commerce has pledged
its support.
—# • ♦
PRICES OF METALS IN
NEW YORK MARKET
... NEW YOIUI. Sept. 2.—Copper e«wys<s>
.spot and Oct. it».lS9l»M. I.««I. dull ■•
„>at *4.40@4.60. Bar silver, 57 <-»c. »~y
LOS ANGELES TTERAT/D: SATT \W AY MOHXINT., SEPTEMBER 3, 1010.
CENTURION PREPARES
TO SHIP COPPER ORE
Benson People Would Tie Up Pro
duction Until Reduction
Plant Is Complete
P.RNRON, Ariz., Sept. 2.—The Crn
turion mine will be shipping ore to the
smelters within ninety days. As the
company has made no contracts yet, |
they will probably ship to the Copper
Queen smelter at Douglas. The Ben- |
son smelter people are endeavoring to
tie up the ores from three to five years;
if that smelter is in operation at the |
time they are ready to market their i
ores they may favor Benson.
The present developments consist of
an incline shaft 400 feet deep, with an i
average of 135 feet of drifts on each of
our four station levels. The fifth level
will be cut this month. They have ore
all the way from forty feet below the
surface, with richer iron and oxide as
depth is attained.
Dragoon is quite active at present.
Thomas Higgins is making patent
surveys now on his forty claims, some
Of which join the Centurion on the
south and west. It is understood that
Cal Gregory has bonded his group of
five claims to Mr. Cooper of Los An-
The Red Mountain people are going
I, with splendid showings of good
copper, silver, gold and lead.
TeetU Stone group, southeast of Dra
goon, will start operations in the near
future.
lien X. Williams of the Texas-Ari
zona company shipped the third ear
of silver lead ore July 21 to the El
Paso smelter.
The Stroud brothers are working
away on the Arizona-Cleveland prop
erty, adjoining the Texas-Arizona
mine. This is a goncl piece of property.
Uncle Billy Foner has a bonanza in
coppor-lead-silver southeast of Dra
goon. The genera] has shipped some
first-class lead carbonates to El Paso.
C. F. Elliott of El Paso will soon
start operations on the Jim Neal group,
about half a mile to the south of the |
Centurion. This will add still another
Impetus to the active Dragoon dis
trict.
RUBY DEEPENS WELL NO. 1
AND RAISES PRODUCTION
MARICOPA, Sept. 2.—The Ruby has
raised the production of its No. 4 from
five to 125 barrels a day by deepening
from 1200 to 1425 feet, thus demon
strating that operators in this section
have been regarding this territory as
much shallower than it really is. Fear
of the salt-water stratum opened by
wells to the south and east has made
all hesitate about going deeper. The
Ruby, however, has found no traces of
water sand, but instead oil sand all
the way. At 1200 the oil was mostly
from shale and thin streaks of sand;
now It Is In a solid body.
Somo time since, when the Ruby
started to deepen No. 1 at 1240 it
broke and lost the eight-indi casing.
To get this out has proved impossible,
so a six-inch has been inserted and
the drilling continued at 1370 feet, at
which point the drilling was the last
of last week, over 115 feet of unbroken
sand had been penetrated and no
signs of water appeared. The oil has
been rising and flowing between the
casings. When these two wells are
completed No. 3 is to be carried down,
probably through the water stratum
if this is found at any greater depth,
to 2000 to 2500 feet, In order to see
what there is in the lower levels of
this region.
PAWNEE WILL SOON
RESUME OPERATIONS
PARADISE. Sept. 2.— J. A. Combs of
Douglas, of the Pawnee company, is
authority for the statement that his
company will start work on their prop
erty, formerly known as the Claire,
and that it is the intention to install
machinery.
Mr Combs returned recently from a
trip to the middle west In the interests
of the company.
Assay certificates recently received
by the company are favorable. One
yielded returns of $38 In gold and an
other $32.55 in copper.
The development work done includes
a 100-foot shaft tapped by a tunnel
about 300 feet long. This tunnel was
later continued eighty feet beyond the
bottom of the shaft, and is therefore
now about ISO feet in length.
DISCHARGED EMPLOYE
STARTS FALSE REPORT
TUCSON, Ariz., Sept. 2.—Not only
has the Imperial Cupper company's
mines at Silverbell not closed down,
but there is no intention that they
shall. This .statement is made on the
highest authority and corrects a report
published which is said to have been
brought to Tucson by a discharged em
ploye.
The only < bangs in the operation-,
of the company is tho discontinuance
temporarily of the shipment of ..re
from the mines to the smelter during
the low price of copper. Develop
ment in the mines will continue, and
the (ire. Instead ..f being shipped to
the smelter and sold in a very low
market, will be held for smelting and
Bold when the market conditions im
prove, it is stated.
CANADIANS INCORPORATE
The Manitoba (.'rude Oil company,
limited, a mllllon-dolla? corporation
of Winnipeg, Canada, yesterday filed
articles of Incorporation with the coun
ty clerk. The company deals in crude
petroleum, oil and by-products and al
so transacts a general mining busi
ness. The directors aro Charles W.
Clark, James H. Fairchild, Joshua P.
Frith, Thomas O'.Wilh: and Kdgar J.
liarr, all of Winnipeg.
INVESTIGATE GOLD STRIKE
RBNOi Nov.. Bept, 2.—A party con
sisting of W. B. Wright George Bert
scliy, L. K. C. Hlnkley, Engineer Cobb
and Engineer Vent on last Tuesday
went to Grinte, In the northern part
of this county, to Investigate a report
mm* a rich Rold finil In that
district. They met Johnnie Harnan at
Gerlach and ho accompanied them to
tin scene of the discovery and fin in
vestigation was made. A ledge of con
siderable value was found, but from
ail report! it uas not at rich as first
reported, us the sample shown from
i ne of the strike before the party
left for the north went as high us
$32,000.
The Farmers & Merchants National
Bank of Los Angeles
Isaias W. Hellman President
J. A. Graves Vice President
I. W. Hellman, jr Vice President
I. N. Van Nuys Vice President
T. E. Newlin Vice President
Charles Seyler ...,- Cashier
Gustav Heinmann Assistant Cashier
John Alton Assistant Cashier
i
Condensed Statement of Condition Made to
the Comptroller of the Currency at Close
of Business September First, 1910
Assets Liabilities
Loans and Discounts $7,688,167.59 Capital Stock Paid In $1,500,000.00
United States Bonds 1,751,382.60 Surplus and Undivided Profits *. 1,970,399.94
Bank Premises"! ['. \V. \'. V.'.'. \ \ \'. '. \ !!'.!! ■!!!! '.'. ". ''. 'folfslll National Bank Notes Outstanding 1,499,997.50
Money on Hand $2,707,100.84 R-^rved for Taxes 27,641.27
Due from Banks 2,295,305.96 5,002,406.80 Reserved for laxes ,
Redemption Fund 75,000.00 Deposits -_:.:_ijii?ggjjjgj?g
Total... $16,288,698.76 Total... $16,288,698.76
This Bank Is the Oldest and Has the Largest
Capital and Surplus of Any Bank
in Southern California
BUILDING PERMITS
Following are the permits issued since
the last publication of the list, and
classified according to wards:
Permits. Values.
First ward , 1 » HI
Second ward X 1 11,423
Third wart .\ 2 161,000
Fourth ward ...; ! 6.63,>
Fifth ward 8 19,020
Sixth ward 5 6,000
Totals 30 $204,855
Normandie avenue and Virginia bou
levard—Robert Nelson, 299 Mariposa
avenue, owner and builder; one-story
six-room residence, $2000.
Eastlake avenue, 514 South—P. E.
Cornish, at lot, owner and builder; one
story four-room residence, $175.
Westmoreland avenue, 977—Helen R.
Johns, at lot, owner; P. M. Schneider,
builder; addition to residence, $150.
Los Angeles street, 1920 South—M.
Spike, 14S8 West Thirty-fifth place,
owner and builder; to move and repair
residence, $350.
Forty-fifth street, 1340 West—J. Ek
lund, 1142 South Flower street, owner
und builder; one-story seven-room res
idence, $2200.
Forty-third street, 555 West —William
Truux, 320 West Seventh street, owner;
Earl Bowen, builder; one-story five
room residence, $1520.
Montrose street, 1910—M. E. Ketch
um, at lot, owner and builder; to move
and repair residence, $125 .
Second street, 337 East—A. J. Koll.
owner and builder; alteration of build
ing, $1000.
Naomi avenue, 3817—Harry Borton,
at lot, owner, addition to residence, $200.
Fiftieth street, 154 East—C. W. Ham
mond, 613 Gladys avenue, owner and
builder; IVi-story six-room residence,
$2600.
Hollywood: Winona and Sunset bou
levards—Mrs. B. F. Dernett, 4413 Kings
well avenue, owner; W. Dernett, build
er; two-story seven-room residence,
$2000.
Fifty-first place, 1021 West— Marga
ret Ammon, 634 Wall street, owner;
W. G. Hanson Building company,
builder; one-story six-room residence,
$1600.
Spring street. 734-736 South—T. B.
Henry, the Hinman hotel, owned; M.
N. Davidson, builder; to repair fire
damage to building, $360.
San Pedro: 429 West Santa CrUS
street—J. Jacobson, owner; O. K. Jor
det, builder; one-story three-room resi
dence, $600.
Vermont street, 8871— O. R. Weller,
8917 Wisconsin street, owner and build
er- one-story six-room residence, $2500.
Beaudry avenue, 1020 North—W. J.
Lewis, at lot, owner; J. C. Le Claire,
builder; one-story four room residence,
El 'Molino street, 1405— T. K. Miller,
3666 South Figueroa street, owner and
builder, Hi-story six-room residence,
$1800.
Hollywood: Hawthorne and Orange
„,.,.,iues—O. P. Dennis, 61S Fay build
ing, owner and builder; two-story ten
room residence, $5000.
Husted street, 1511— F. B. Johnson,
1515 Husted street, owner and builder;
( m-story two-room residence, $500.
Rampart street, 6001-13— H. W. Bry
son East Fifth and Seaton streets,
owner and builder; five-story apart
ment house), $160,000.
Hollywood boulevard and Martel ave
nue—Dr. L. J. Huff, 2624 S. Figueroa
■treat, owner! W. Patten, builder; one
story one-mom garage, $225.
Twenty-fourth street, 122 West-
Union Square Investment company, at
lot owner; CG. Ross, builder; one
story moving picture the.ter, $4250.
Cramercy park, 2400— J. E. Van Guys
ling, 2329 Adams place, owner and
builder; two-story eleven-room resi
, ence, $6000.
Sixteenth street, 1509 West—David
Can-, at lot. owner and builder; to alter
residence, $800.
Wadswortb street, 4918—Richard Du
vall, 4051 Wadsworth, street, owner;
NATIONAL BANKS OF LOS ANGELES
SHOWN TO BE IN SOUND CONDITION
In response to the call of the comptroller of the currency for reports of con
dition of business on September 1 the eleven national banks of Los Angeles
promptly submitted full statements yesterday.
All of the banks are in sound condition, seven of the eleven banks showing
gains in deposits, while loans and discounts were increased. Five of the banks
show a total gain of $950,214 in available cash, as compared with the last state
ment to the comptroller. statement of deposits, loans and discounts and
Following is a comparative statement of deposits, loans and discounts ana
available cash: deposits
DEPOSITS
Sept. 2.1910. June 30. 1910. Mar. 29, 1910
Central .... $1,993,960 $2,110,235 $2,224,254
C?u«eM 7,080.681 7,698,961 7.953,442
Commercial '....... 1,887,694 1,838,229 1,967,509
farmer, Merchants £ 11,90.160 10,749,629 11,874,066
I Merchants '."■ '.'.'.'.'..'.'.'. 5,681,150 5,552,681 5,783,107
National Bank "of California 3,678.233 4,121,955 4,560,871
UnfteTsta^ of comme. r. c. e Y. '.'. Y.Y. Y. "OS &S3S BBS
Hoi^ood* 1 National "V.'" 250,667 241.646 262.047
First National, Hollywood 271,,371 263,8.6 246.9<9
Totaa $48,046,041 $50,305,959 $51,286,703
LOANS AND DISCOUNTS <v V
Sept. 2. 1910. June 3u,»1910. Mar. 29, 1910
Central $1,455,588 $1,542,087 $1,366,469
Citizens 5,203,605 5,687,555 5,713,470
Commercial '.■.■.■.■.".....■ '■ 1.510,512 1,390,362 1,389,269
|iP S and' Merchants •$-£&& lIS iJSSS
Merchant^ '.'.'.'.'.'.'.'.'. 3,803,774 3,951,585 ' 2,546,181
National Bank'of California 2,518,359 2.833,192 2,827,180
National Bank of Commerce 581,753 597,833 520,801
Vniterl States 755,247 -762,561 718,i00
Hol^wooT National ...:.... 143 536 166,504 190,623
First National, Hollywood 181.413 17., 151 170..41
Totals $35,471,099 $33,380,639 $34,168,334
AVAILABLK CASH "
Sept. 2, 1910. June 30, 1910. Mar. 29, 1910
Central ..' $ 689,086 $ 720,403 $1,008,020
Citizens ■' • •' 2,673,365 2,758,623 2,954,590
Commercial' 583,681 629,826 763,638
Farmers and Merchants ...................... 5,002,460 4.438.471 5.938,028
Merchants "'.'.'.'.' .'.'.'.'.'.'.' 2,269.676 _ 1,979,888 3.601,579
National Bank of California 1,443,379 1,550,905 2,007,771
National Bank of Commerce 229,086 217.506 299,658
United States 475,957 423,993 456,204
Hollywood National .*••. 98,269 65,376 58,586
First National, Hollywood 65,872 72,202 61,648
Totals $17,705,123 517,927,947 $21,334,987
George H. Duvall, builder; one-story
five-room residence, $1500.
Wadaworth street, 4906—Richard Du
vall, 4'Jfil Wadsworth street, owner;
George H. Duvall, builder; one-story
Qve-room residence, $1500.
Winneld street, 1845—Mrs. E. Part
low 1324 Winneld street, owner; Chas.
L. Dang, builder; to alter building,
$1600.
Fifty-seventh street, 901 East—J. L.
Moon, 5420 Compton avenue, owner and
builder; one-story five-room residence, j
$900.
Kern street, 124 North—W. C. Lip
pold, at lot, owner; the Big Four Con
tractors, builders; addition to residence,
$200.
El Molino street, 1403— T. K. Miller,
3666 South Figueroa street, owner and
builder; l'/i-story six-room residence,
$1800.
■» » »
STRAINER SUCCESSFUL
MARICOPA, Sept. 2.—The tryout of
the Texas strainer by G. A. Drysdale on
the New Center has proved successful.
Number 8, which never produced a
barrel of oil and was drilled at an
immense cost, is now doing»loo\bar
rels a day, and the output shows less
than 1 per cent sand. So pleased is the
company with Mr. Drysdale's success
that the strainer is to be installed in
all the wells as fast as possible.
« . »
SMELTER WILL RESUME
El Cliff smelter at Hermosa, N. M.,
Is idle at present, but the management
states that on the arrival of a larger
blower from Denver It shall be started
agalo •
ARIZONA'S MARBLE
TUCSON, Sept. 2.—Marble of mer-'
< liantable quality is found at many
points In this territory. Sixteen miles
from Bowie, the Arizona Marble com
pany is getting out some magnificent
stone, declared by eastern architects
the equal of the best of Italian and
Grecian marbles. It far surpasses the
marbles from Vermont, Georgia and
Tenessee. It has only two-tenths of
1 per cent of other materials than purti
carbonate of lime, and has a crushing
resistance of 12,000 pounds to the
square inch.
It is beautifully grained and Is of
remarkable even quality, making it es
pecially valuable for building purposes.
The new First National bank of Den
ver will have both inside and
outside decorations of Bowie marblb.
It Is believed that the material will
be substituted for Italian marble as
soon as the American sculptors gen
erally become aware of its excellence.
The deposits are in the northern
range of the Chiricahua mountains,
from which a good road has been built
to the railroad station. At the quarry
have been installed cutting and pol
ishing mills and compressing plant.
COAL CARGO ON FIRE
VICTORIA, B. G, Sept. 2.—Fire
broke out on the steel hulk Baroda,
at Esquimault last night, and after
several ineffectual attempts were made
to extinguish the blaze, the barge was
towed into shallow water and scut
tled. The Baroda has 2800 tons of
coal on board. Vessel and cargo are
Insured.
FOOTHILL FARMS
NEAR THIS CITY
—— i y^-;-\ ■
Have you ever hoped to have a home
of one, five or ten &cres—on the foot
hill slopes near Lus Angeles? "
Haven't you wished that some friend
had taken you by the shoulder and
made you pick up a few acres at Holly
wood, Altadena or (llerra Madre before
they advanced from $300 up to $3000 an
acre? Those places have passed for
ever from your easy reach. ,
The Western ''Umpire, California's
famous homeseekers' and rural home
Journal, Is now completing an organi
zation of 200 local and eastern readers
to take over 1400 acres of land at Sun
land, in the original Monte Vista val
ley. It is a mountain-hidden valley
seven miles back of Glcndale. ■ This
district surpasses Altadena or . even
Redlands in Its richness and grandeur,
and is only fifteen mnes from I the
Chamber of Commerce building in Los
Angeles. Sunland's Monte Vista val
ley has the best climatic protection of
any district on the coast side of the
Sierras. Come and see It now.
John McQroarty. the famous poet of
our southland, says of his visit: "And
I saw a vale that day as fair as any In "
all the Land of the Heart's Desire. I
was ashamed to think that I had let
the years go by and bad wandered far
in quest of beauty, while all the time
Sunland's Monte Vista had been there
In its ravishing loveliness Just beyond
the threshold of my door." .
A few heads of famine? may Join
this organization, which secures this
land at a low wholesale price. Improves
it with roadways, lownsite, schools
and trolley line, and distributes, the
land to members so that the total cost
to you is not one-quarter ot prevailing
prices in the open retail market.
■ When this kind of land Is opened It
goes up beyond your reach. i The dis- j
trict lies in an open valley running
from Pasadena west to Fernando,: In
cluding La Canada, La' Crescenta and
Monte Vista— Sunland. * Don't try ,to
imagine about its conditions—come and
Investigate. It Is only one hour from
town.
The editor of the , Western Empire .
has managed the location of eight suc
cessful town projects .on this same
plan.
This Is your foothill horns opportun
ity. Level, rich in productivity and
water, frostless, balmy and ; 1600 feet
above sea level. ■ '•••,::..' ■■ •■
Daily auto btage leaves our office 10 ;
a. m. except Sunday, returning 2 p. m.
Or special trips may be arranged. En
gage your, teats in advance. Fare ; $1 "
round trip. '
Call or write at once for booklet. ..
' Western Empire I Suburban Farms
association, 100 to 119 Chamber of Com
merce building, Los Angeles California.
(3 .DRINK HABIT
LEGAL GUARANTEE wrm $
|77 ff*&3| I Ell I I p9 ■ I ■H'
NO HYPORDEBMICS HARMLESS
945-50. OLIVE ST.,
4pra evmv 46Q2 j '
Shoes Half Price and Less
Over two hundred bit dlaplay ' bargain '■
table* are displaying ahoea (or men. nan
and children, on sale In many Inatanco* ft
halt price and lea*. Convince youraeU a*4 I
com* to to* ' .
MAMMOTH 11108 HOUUk.
«t> BIMTf-l ■» M | M » . . ~i'"'
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