The herald., 1895-08-20
NEWS FROM THE OIL FIELD
Other Capitalists Trying to Make
Deal
Several Large Companies Endeavoring to
Arrange for the Transportation Of Oil
to tho Northern narket-Notes

A representative OF the Oregon Steam
ship company has been investigating the
oil industry of this section for the past
few days in the interest of his com pany,
which is now opening negotiations for
transporting Los Angeles oil to the north
ern markets.
The company proposes to handle the
product for the producers, piping IL from
the field to San Pedro, where they intend
to erect large storage tanks, or else to buy
the oil in the field and take their own
responsibility in marketing it. The agent
says he Is prepared to give favorable re-
port to his company, which he feels con-
fident will soon be in the field ready to
make contracts for the shipment of oil.
When asked why the company had
chosen San Pedro as shipping point, he
said: The com pany has to consid er
everything IN making a selection OF d
point where they will invest $50, 900 for
one class of freight alone. For many
reasons San Pedro seems the most favor
able of all the available ports, one partlc-
ular advantage being that it is free from
the winds that disturb vessels at the less
protected landings.
Our company is satisfied that enough
oil is to be had from Los Angeles to war
rant us in making the outlay necessary
to handle It, We already have the boats;
the oil is here. and l believe it will be
but short time until We will be carrying
it to the north"
DERRICK DOTS.
James Powel's spouter on the corner
of Victor and Temple streets is still
capped down and the gas continues to
send small stream of oil up between
the castings, despite the impediment. Mr..
Powell is building another large tank
near his we'll, which will be completed
today.
Edward North is having well drilled
on the corner opposite the Powell WELL
Operations will comm today.
The oil sand was struck Saturday in the
Fowler we'll on Figueroa street. The
drill is now about 35 feet IL the sand
with plentiful supply Of oil.
Another deep well will be drilled on
Metcalf street by L. G. Parker. Willman
d Gallagher are moving theiI drilling out
tit and will begin work at once. The
contract calls for 1000-foot we'll, the in
tention OF the owner being to go down to
the second stratum.
Considerable difficulty has been ex-
perienced by oil men in pumping many
OF the best wells in the telo owing to
the trou ublssome sand which was encoun-
tered more or less in all of the wells. A
new pump. known as the Snow pump,
has recently been tried in the Libby we'll
and also in the Davidson gusher, with
the most gratifying results. The pump
does not clog as do most of them ordinar-
lily used, and it clears out a well very
satisfactorily.
The directors OF the exchange held a
long meeting at their rooms in the Brad
bury building yesterday afternoon, to de-
liberate over some of the new PROPOSE
tons received from capitalists who are
cuntem plating the formation of trans
portation company to handle Los An
geles petroleum. What oction was taken
upon the matter could not be learned.
United States Senator Charles N. FELTON,
is in the city looking into the oil busi-
ness, with view. it IS said, to investing
some of his own capital in the industry.