The Providence news. (Providence [R.I.]) 1891-1906, 1903-09-26
WORTH READING.

The appended clipping from the "Prou-
dence Board OF Trade Journal" (ths
official organ OF the Chamber OF Com
meroe) OF September. isos speaks for
itself. New England and Coalnga OIL
Co.. while there is nothing absolutely
sure In this world Except our nnal de-
parture from iD. yet from our casual
investigation OF the outlook and condi-
tons or the above company. we certain
ly believe the prospects OF success with
them are more than nattering. The offi-
GERS. President Frank w. Marden. Vice
President Elisha g. Harris and Treasu-
rer VIM. X. Atwood are men of such
standing and undoubted probity az 20
dispel any suspicion that the manage
ment 90 the company, and It's property
will be administered In anything but a
thoroughly buslness-hke manner; while
quite a number OF Providence and near
oy citizens have recently visited the pro-
perty in the Coalinsa Field, and all con-
cur In the opinion that this will undoubt-
ly be a big producing tract. The Coalin-
ga Field unouestionably produces the
highest grade of oil produced In Cali
fornia, and the fact that the demand for
high grade oil far exceeds. and no doubt
always will exceed. the supply the mar
ket price cannot but largely advance.
IL is undeniable that a great many peo-
pie never touch anything but listed
stock. and yet in unlisted the chances
OF loss. when stock is purchased from
the early issue of a company, are very
small. IL, In the purchase OF some listed
stock. purchaser makes an advance
or 10 or Is per cent, ne or she feels thor
oughly gratlned. and yet we could name
quite a number of investors who bought
! oil stock a little over a year ago which
IL worth today, two. three and even four
times what II cost them. II seems per-
! fectly reasonable 10 presume that 70
purchase New England and Coallnga
| OIL companys stock. at its present price,
would be simply another opportunity to
realize a big advance. Judging from
what we read In the San Francisco pa
pers. the great obstacle in the way Of
| development of the Coalinga Field has
been the matter OF transportation. but
| now a pipe line has been installed at an
! expense OF nearly one million dollars
through which the oil goes by grlylty
100 miles 10 the coast. This is an i'm
mense advantage.as transportation here
| tofore has been entirely by tank cas-,
and thus necessarily entailed great sr ex-
perse Among the stock quotations
| which have just reached us from San
| Francisco we find one oil company
whose stock. which sold not so vecy long
! ago at 81 $50 par) Is now selling at Sls5
per share. and the property of this COM
! pany Is only about two miies from tire
Iroperty OF the New England and Coal
inga oil company. There Is no doubt
whatever but that the oil industry in
this country is in Its infancy, and II will
b, but few years before coal engines
will be relegated TO the museums Even
now. In going from the Rocky Noun
tains to the Pacific Coast and back, you
hardly ever. II ever. see a coal engine.
and the same condition will maintain
east OF the Rockies. as soon as oil trans
portation Is secured over the backbone
Of IN continent. or course very many
people are satisfied II they get an IN
come OF Sit or per cent. net from their
investments or savings banks. but n ms
Jcrity OF the pushing ambitious Ameri-
Eus are not satisfied with such small
percentage OF income These people con-
stitute the class who are willing TO incur
a sIlall percentage OF risk when ;heY
balance against Il such a larss probahil-
ity OF gain. The immensely wealthy,
as we'll as the moderately wealthy, peo-
/ pie OF this country today (ani II you In
vestigate this, you will find II true) are
almost without an exception those who
made their fortunes in the buvins OF
stocks from first issues at bottom pri-
/ COS thereby taking advantage not Only
OF the dividends accruing TO those stocks.
| 5u. also realizing the natural ',dvance
! OF the stock itself The prospe:tis OF
this company, which we have Just had
tn, pleasure Of examining contains, in
addition 10 full information regarding
the company. ITS property and It's offi-
GERS a very fine map OF the state o. CAL
fornia"
NEW ENGLAND a COALINGA OIL CO.
HEADQUARTERS,
s35 A. Banigan Bldg. Prov. II. T.