The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-04-05
WEEKLY MARKET LETTER

THE OIL SITUATION is commanding SO
much attention throughout the United States
that mining men of Colorado and other vest
ern states are becoming heavily interested
IN all sections of the country. For a long
time the principal excitement in the West was
conferred in the fields OF southern California
Then Spindle Top at Beaumont, Texas, swung
1nto line with its gushers of low grade oil
since then, CalorauO has gotten the excite
ment and gotten it So bad that the mining
promoters are jumping into it all over and
Hoodlng the country with their offerings of
from lc par value to soc and 81 par. Wyom-
ing has the fever, also Utah and Oregon and
North Dakota and Iowa are smelling around
for the fluid.
This excitement is by no means taking the
laurels away from the older and we'll estab-
lished fields as it is likely to be some years
before the new fields can create market for
their production. The old eastern fields are
forging ahead, extending their boundaries and
making new strikes continually at home,
where they have steady and reliable market
for all that can be produced there, most of
which is purchased by the refneries of the
Standard Oil company.
There has never been a time in the history
OF the country when so much interest has
been taken in stocks of all kinds, and especi-
ally Of the nature of Oil and Mining In
dustrials still are steadily in demand.
Union Oil, Gas and Refining Co.
This company, operating in the Lima, Ohio,
field, has within the past few days increased
its number of wells on the pump from 81 to
81 and will bring in two more within q day
or two Preparations are we'll under way for
building their own refinery. The regular
per cent the investment is being dis
tributed to all stockholders Of record March
81. This dividend is at the rate of IS per cent
per annum Stock now selling at 10 cents per
share, will adyance~to 20 cents per share on
April II, par value is 81.
Giant Oil Production Company.
Organized and differed by prominent bank
ne \ n
has one hundred and eleven producing wells
in the Lima field, and large acreage Of
proven territory which is being rapidly de-
Veoped. This Is one of the most attractive
payer at the rate Of 20 per cent on the amount
Of money invested. Present selling price is
80 cents per share par value. 81. This stock
gives indications of heavy advances in the
near future.
United States Steel Company Of
Boston.
strong industrial, paying ~ per cent per
annum, payable quarterly, with good indica-
tionS of some special dividends
small block Of treasury shares is now on
the market for the purpose of extending the
capacity of the plant at Everett. Mass, now
to Sc per. share on the day of April 49, Regu-
lar quarterly dividend of per cent, payable
to all stockholders of record April 20, 1902
Bobtail Mines Company.
A corporation differed by Minneapolis men
operating gold and copper properties in Ari-
zona. This stock started about fourteen
months since at cents per share. Property
has been rapidly developed. Stamp mill is
now being completed
This is a frst-class mining stock close to
the dividend l. paying point. now selling at Is
cents per share, par value, 81. Dividend
payment will make this stock climb rapidly
Pinal Mountain Copper Company.
Composed of large number of promi-
nent business men of st. Paul and Mime
apolis. This company is still in the pre-
ferred prospect class and is offering its first
allotment of treasury stock at 5 cents per
SHARE par value 81.
The quotations on above stocks are subject
to change in price without notice. Complete
information on the above or any other stocks
which you may desire, furnished upon ap-
plication.
Western Securities Company
BANK OF COMMERCE. BUILDING,