The San Francisco call., 1908-10-12

noticeable. or 5S companies nSted on
the California stock and oil exchange
at Los Angeles 33 are paying dfvi-
dends and IL more, possibly, will be IN
the dividend column by the first OF the
year. The dividends now being paid
by the listed companies on the Califor-
MIA stock and oil exchange amount to
about SO, 900, 900 year.
The total dividends for the year 1908
from all the oil companies doing busi-
ness in California. not including the
Standard, will probably amount to
s6 900 900, and the total should reach
S10 900 900 for the year 1909. The Cali
fornia Oil Fields. Limited, which is one
of the largest companies doing busl-
ness in this state that is not listed,
produces 10000 barrels of petroleum
day and paid out nearly 100000 in
dividends to it's stock holders in 1905
which is 40 per cent on its issued capi-
tai of $4,000 900. 1t is said in Los An
geles that, owing to the increase in the
price of oil, it will probably be in
shape to pay so per cent in dividends
this year.
PAY BIG DIVIDENDS
Among the companies which have
been large dividend payers are included
three which are mentioned as follows:
For nearly eight years the Four oil company
has operated on 20 acres of land IN tne hern
river field. After paying one-sixth to the own
ers of the land as royalty II has paid TO It's
stock holders from the sale Of the other nye-
less than 2ec per barely, $500 in dividends:
which is at the rate of SO. 600 per acre. Had
the company received go cents per barrel, the
price at which oil is selling at the well now.
II could have paid out in dividends to date
S700 000 or at the rate OF over $4,000 per acre.
The Four oil company is still producing nearly
500 barrels ner day.
The Peerless oil company in eight years has
taken out of Its 100 acres in the Kern river
600. or at the rate of $4,000 per acre; Had It
received 60c per barrel. the psevahlng price
now, it would have taken out in the eight years years
81 500 600 or $4,000 per acre. The peerless
is still producing lots of oil
The Sauer Dough. owning 30 acres in Coallnga
field. has paid out in dividends S3oo.oeo. OF ca az
the rate of $4,000 per acre. At the rate o Of soc
per barrel 1t could have paid out S3Q,ooo per
acre or 5000 600 in all The Sauer Dough is
still a large producer.
A deal involving $4,000 as reported,
is under way in Plumas county. The
property is the New York mine, near
Greenville, which may be transferred TO
A ]. McCone Several other deals are
under way The STANDARD mine, south
of Greenville, including 4S0 acres, is
under option to McCone, who agrees to
pay 100000 for the property. The first
payment has been made, under bond,
ana IlSH are bNFCiCt4i-@t-~
work. The Arcadia mine, owned by D.
Mcintyre, has been Bonded to New York
and Colorado parties. The price re-
ported is 0000 Other properties that
have recently been placed under option
include the Piazzoni quartz mine, on
Owl creek, near Dutch hill, on the basis
of the price of $40, 900; also the old
gold Stripe mine. which has been
bonded TO Reno men for $4,000
The Plumas Star says that the larg-
est gold nugget that has been found in
Plumas county for a great many years
was discovered a short distance west of
Crescent mills This nugget weighs
26z ounces and is worth about $500.
The San Bernardino- Sun says that
the coming winter will be one of the
busiest in mining way in recent years.
Large sums of money have been in
vested in mining properties in the
county and many heavy operators from
the southern Nevada field have come
into the San Bernardino camps. Since
Camp Hart first drew the attention of
Nevada mining men, Goldfield has con-
tributed largely to build up the camp
and to open mines within a radius of
100 miles Several large deals have
been made recently in the Silver lake
The Kane spring country has attracted
operators recently.
1-LAShEt uhOOND
Along the north fork of the Salmon
a San Francisco syndicate has begun to
operate on 25 acres of placer ground
purchased from the Shumway brothers.
The operators will bring water on the
ground through a six mile ditch and
f1ume, which will cost about $4,000.
Another company has just completed
six mile ditch to operate the Taggart
placer mine. near ~the mouth of the
/ fl,f
of rich ore has been discovered in the
Know Nothing quartz mine, which is
owned by Roberts and Haglund. The
Gold Run and Hungry Hill mines, To-
Gated at Gilta, will be run steadily this
winter. They have produced for a
number of years.
The Sweeney mine, on the mother
| lode, between the Dutch and Harvard
mines in Toulumne county, will be re-
opened. There is no machinery on the
mine. The shaft is $50 feet deep
Charles H. Segerstrom owns a three
quarter interest in the property and
he is making preparations to resume
work. The mine has been in litigation
for many years. Originally 1t was
worked for placer gold. Sweeney, the
discoverer of the property, by digging
a ditch for placer mining, uncovered a
vein which, according to report, netted
him $4,000.
On the south fork of the StanisIaus
river, at Halls crossing, three miles
below the South Fork MILL placer claims
amounting to 100 acres are in devel-
opment. James O'Neil has opened up
a large bed of gravel In his search for
bed rock. The Grass Valley Union saws
that the Canada Hills consolidated mine
is on a producing basis again The
property is otherwise known as the
Charronat mine. The property is sun
posed to furnish a connecting link be-
tween the Banner Mountain and the
Murchie Basin property. A 10 STAMP
mill will be placed on the Canada Hill.
The mine has been worked for some
years by number of Berkeley men.
REOPEN DEADwOoD NINE
Workmen are reopening the Dead
wood mine. in the Willow Valley dis
trict, in Nevada county. A. M. Gilbert
of Santa Barbara has taken a bond.
| The Nevada City Transcript saws:
The long mooted question among miners in
the Yuba river section Of California as to what
course was taken In ancient timed by the river
| from North San Juan to Camptonville seems 10
+. be clearly settled by recent discovery by the
! Sylvester gravel mining company. which while
digging toward the center of the ridge from
an old outbreak, exposed the rim of rock which
defines the channel in which the river was orig
| inally bound, prior TO the time that the hjc