The San Francisco call., 1904-10-08

.s lg1rzte ulILeE u P.Enzs County.
zsst 4 Qul-cy sn1 nesr Grssnh0-r
creek
The stoneEeu r-l1e II san Diego
C,c1-v E4I ~ opened usLt month 81
o .z rsDor-sd Pumping ls 10 prc1s-esE-
j. z. Wslzce hss taken 2 bond OF tAe
Wisconsin drift ulne r. Sierra County
z-< 1ez begun cevelcD DEEssnt Eork On
. he property
Tae 1rorrtson-Gzrlock Mining Con-
os1T Eaz acquired The LorrlzoI
mixes 10 Quartz valley. near Fort
Jones. slsktyou County.
The Ca.avsras PTospect says that
me san zrCress Blue Grave. CON paElE
uiU sgcrk . river cas1-s- OF me cd
hospital grounds. within he limits q
Saz EnGrsas.
TIE Bishop and GoldAeld Toll Road
Company has been Incorporated =
E-yo County 70 co1strzcC q road %
make ACCESS easier % the GOldAsld
district The distance 20 Goldfeld "
road viii De shortened from llG miles
70 about e1gary-two miles.
The Placer Herald says that the
dam ard fumes q the Cash Rock
nine on -ne American RIVER near
Forest Hi. were carried away DE va
ger and the .Czg was $1,000 = the
r1llz had held OF Z lIr1.e longer q
clean uD would have been made. TIE
mine IS closed and seventy-fve men
are thrown cut u work.
Ire PlttsbUrg mine u. Ssvadz CoUn-
y. near Town Talk has been bonded
- a. Eastern company. which i eI-
. pec-ed % take charge II November L
. y. q. Ord viii De the general manager
+ q the mine
The Red Hi quartz mine near Butte
. CITY. AmaGor COUNTY. has been bought
. o. the Jose Gulch Mining Company.
The Fitzgerald farm n Shasta
+ County, On both sides u Clear Creek,
F has been bonded for dredging pur-
F poses. The farm includes 1900 acres
+ GREAT OIL INDUSTRY.
/ The petroleum Industry Of the Unit
I e States is the subject Of z chapter
. that viii Be included in the forthcom-
4 Ing report concerning mines and min
I Ing. published BY the Federal Gov
eminent II 1902 there were in ex-
E lstence IN the United States 1851
wells and the gross output reckOnec
. -AA va - "a All > EDA4y-AE f-~a--4
zss ssZ75.z .z0z barrels. worth s71.397,-
75e. n 1902 there were drilled SIS
/ unprOductive wells. owned by 20s in
. dIviduaIs. The aggregate cost Of these
4 unprOductive wells was sIGs1.056.
Since 1900. according 70 the Fed
eral statistics, the capitalization rep
resented by speculative oil companies
has amounted 70 At least $500. 900. 900
. 4 large amount Of stock has been r.
sued by such companies In Texas Cali
fOrnis. Colorado, Louisiana and Ken
lucky. The capitalization of 5ss IL
cOrpOrated companies was reported tC
the Government.
The stocks II the companies that re-
ported amounted in total 70 s224, ,Iss.-
s95. Of this California reported sl0S..
04515Z, Colorado. s4.42s.410. Indiana
.l2,577,4O0; Kansas. ss.415.OO0; Ken
tUcky. s15.z11 81. New York. 1854.
20, Ohio. 81. 80. 100; Pennsylvania
az. .075, 100; Texas. F75, ,56s. IA, West Vlr-
ginis. S2s,7Dg.20O.
The dividends paid by oil companies
In several States are summed up for
the year 1902 in the Government sta
tistics az sI0,77I.S2s for the entire
United States, Of which Indiana paid
sl,sZI,ls1 Ohio, $i515,52z; Pennsylva-
MIA, ss45, 5,272. West Virginia, $3.50, ,g4g
Colorado, tl20,042; Kansas, 81. 500
Kentucky, S2s. 40, and California. s1s0.-
or. AS in the issue Of stock CalifOr
MIA and Texas largely led other States
20 IN bond issues these two States ais
had the largest outstanding amounts
There were several States that mad,
no returns OF &G,719,25e Of bonds is
sued 81 ,g5g, 900 were credited to CaIifor
MIA and 1853. .ss4 10 Texas. The pro
I duction Of crude petroleum in th'
United States in 1902, amounting L
u, ,Z75, ,202 barrels, was nearly equal 4
the output Of Russia and all other oil
producing countries Of the world com
oined.
MILLIONS IN TANKS.
There was invested at the end 0
the year 1902 the very large sum 0
$3.50, ,00O, 900 IN wells and tankage. Tn
largest number Of tanks in any Stat
is IN Pennsylvania, the total for tina
state being 2O.223. Ohio has betweel
II 900 and II, 900 tanks; West Virgins
about the same number. A noteworth,
fact appears in the report. which q
that the great numbers Of small re
( neries that formerly were scattered
through many States have disap
peared and the business of refining pc
troleum has been transferred to hug
plants at points near New York
Philadelphia, Baltimore, Cleveland
Buffalo, Whiting, Ind, Port Arthur II
Texas and Point Richmond on th'
east shore Of the bay cf San Francisco
It is refreshing TO peruse the Govern
ments figures relating TO. the price
for which crude petroleum was sold ;
few years ago. The statements tina
are officially sanctioned relating Il
this point, are as follows:
Tls average price Of all the petroleum pro
ouced In 1901 95.7 cents compare
with 81 i01 IN 1900 decrease Of 234 cent
per barrel The average price Of Pennsylysnl
certificate petroleum was 81 u per barrel. a
compared with 81 35h per barrel n 1900. show
inz a decline Of ls% cents. The averag
price Of Lima fOhio) petroleum fell from 9ss