The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-10-04


fnng and Supply company ami others
have contracted with parties here to put
in oil to consumers at 81 per barrel.
Now when oil goes to 81 a barrel they are
going to be in the soup. The only way
they will be ablesto get suffic lent oil to
fill toeir contracts will be through US.
They realize the fact that the future for
them as long as the exchange exists is
dark and uncertain. Therefore they wish
to see the exchange go under and they
can then deal with the owners Of wells as
individuals instead of with representa-.
tiVes OF the owners OF the entire product
acting together.
Now the story has been told that only
thirty well owners have signed the three
year contract. AS a matter OF fact. nifty
five have signed.
"Thre are several mem bers of the ex-
change who are new in the oil business,
who expected our organization to mme-
diately raise the price of oil and to at
once construct a pipe line to santa Mon
lea and to build ships 10 carry the oil to
San Francisco We Will do all OF this In
time, but it cannot be done in day.
The impatient ones-and there are only
two or three-are heard from once in
whilo, but If they want to leave the ex-
change, why, we can get along without
them.
at would certainly be a misfortune
for the Standard OIL people to enter this
iclu anu CUuVTUl IL, as tueN SuTelN WObiu,
but | know they have no intention OF
doing so.
'The Standard Oil company sells 80
| per cent of all the oil consumed east
the Rocky mountains. Wherever they
have gone they have put blight on the
| industry.
| In 1868 there were twenty-five firms
handling OF, in Cincinnati. and today
there are three-the Standard OIL com :
pany and two others. You will only tnd
that corporation where the signal of dis
tress is hung out. When oil in Ohio got
down to 15 and 20 cents a barrel ihs peo'
| ple got disgusted with the industry and
refused to have anything to do with it.
The Standard people came quietly in
| and bought up all the oil, bought or
leased the retineries, and then within six
| months the price of oil was advanced
400 per cent. Whenever oil goes up it is
| because the Standard Oil company has
it all. Wnen it goes down the Standard
has none. When it reaches tbe botto m
the Standard buys. and then the price
soon goes skyward.
1T would auguf no good for the pro-
ducer to have the Standard Oil company
enter the field here. That corporation
is responsible for more ruined merchants
and business men in the east than any
trust that was ever organized on earth.
Anyway, the Standard people could
not do business here unless they did it
with and through US, for we have the
| product as long as our organization holds
| out, and | see no reason why it should
| not stand in perDetuity. No; my honest
| Judgment it that the Standard Oil com
papy will not do business in Los Angeles,
for a while at least"
OIL REFINERY TO BE MOVED.
The oil refinery which has for some
months past been located at Second ana
Beaudry avenue is to be removed to a
| new location at once. For many weary
weeks the scent from the refinery has re-
minded residents in the vicinity of a
| soap factory or a tannery. Now, though.
| a very favorable location has been picked
out. 1t is adjoining the crematory o1
Ramish & Marsh, near the river on Sew
enth street. The scent from the refinery
| will be as perfume ompared with The
smell that arises from the garbage oven
| The pipe line runs to the river out Sew
| enth street, ana it will only be necessary
to construct branch line for shor
distance to run the oil direct to the re-
tinery.
NOTES FROM THE OIL DISTRICT.
The Rex WE'LL near the Nelson prop.
| er:y, is being excavated.
The National Oil com pany's we'll is not
panning out. At $50 feet there were oil
Indications, but at S15 feet the outlook
was not SO bright
The Chandler we'll is down 500 feet and
still going.
Webster G. Haight are drilling well at
| Park and Figueora str eets.
The pros pect for the Carbon Hill Oil
com pany's last we'll is fine. 1t is down
i 800 feet.
Casing is being put in the Martin well
1t is ut depth of ESQ feet.
Casing in the Silent-Chandler we'll /.
down 900 feet. Oilbearing sand has
been passed.
The Whittier g. La-guson we'll at Wei
come and State streets is going to be all
right. At $50 feet the drill is in oil-bear.
! ing sand.
Drllers will soon be at work on another
we'll on the Nelson property at Belmo ont
and Rockford avenues.