davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1909-11-14
GREAT ACTIVITY
IN SECTION SIX
THIRTEEN COMPANIES ARE
DRILLING
Silver Tip Settles Down to 1000 Barrel
Gait-Azores Well Reaches 290O
Feet on West Slope of
Anti=Cline

The success of the Marian well in
section 6-21-15 at Coalinga has been
followed by great activity in that part
of the field. Thirteen companies are
in active operation and five more are
preparing to drill. Among these is the
Coalnga Six Oil company, which has
forty three acres in line with the Ma
rian and Silver Tip.
The Silver Tip has settled down to
steady production of 1000 barrels a
day, according to reports from the
well, bringing an income of $1S,900
month, or almost three times the rate
of the monthly dividend. The Marian,
the latest of the big wells of section
6, continues to flow at the rate of 200
barrels a day which is easily in
creased TO 600 barrels by agitation.
The Coalinga Red Top we'll is down
2200 feet and will carry the six and
fiVe-eighths-inCh casing clear to the
oil sand, about $500 feet. This will
test the utility of the large casing,
many oil well drillers claiming that
the smaller casing will more success
fully resist the pressure of gas and
| sand, which often causes the casing
to collapse.
The success of the big wells in sec
tion 8 has also stimulated drilling in
section 12-21-14 on the west, where five
new companies have been organized,
with three drilling. In section 1S-2l-15,
one mile to the south, six new COM
panies have been organized within the
past sixty days, and four are operat-
ing.
The Azores company is 2SO0 feet
deep on the southwest quarter of sec
tion 26-21-l5. The management will
carry the casing to at least 5000 feet.
and with that purpose in view is re-
building the derrick and strengthening
the rig.
This company's operations will be
watched with interest by oil men gen.
orally, as the we'll is being drilled in
on the west slope of the anticlne and
within the defined oil measures as
claimed by Ralph Arnold of the United
States geological survey in his report
on the Coalinga field. The only ques-
tion is the matter of depth, which now
appears to be 5000 feet
Los Angeles herald., 1909-11-14
Northern Securities

SAN FRANCISCO, Nov. 13-Following on
yesterdays late advance local securities had
a brisk session this morning with Spring
Valley Water as chief attraction. The fact
that the Water company has actually en-
tered into negotiations with the city fathers
for the purchase Of their distributing sys-
TEN in this city and the hopes that the hnal
agreement win be favorable to the Spring
Valley is causing the advance. The stock
on heavy trading ran up to 40A this morn
ing Associated Oil also active and
after opening at A. Ia was bid up to 47%.
Alaska Packers went ahead further to S3ia
bid. OF the sugars Paahua made a new rec
ord of 80 and Hawaiian Commercial went
ahead TO 35 p. Bond dealings We're of eX-
tremely large proportions, with the interest
mainly in Spring Valley As, higher at 80 y
Peoples Water So at n, California Gas and
Electric IS at 100 IA, and southern Pacific
refunding As at 9G. The rest Of the bond
list was active in spots without much
change In the unlisted group there was
heavy buying of Pacific Gas common at
5515 This is only the start Of the big boom
in the leading California stocks and our
friends will do well to watch their move
meuts closely.
Los Angeles herald., 1909-11-14
MINING QUOTATIONS
Nevada Stocks

Exclusive dispatch to The Herald by L. A.
Criser & Co., members Los Angeles Stock
exchange. 200-20l l. w. Hellman building Los
Angeles
SAN FRANCISCO Nov. 13.-An undertone
OF strength ran through the mining list at
the opening this morning, but before the end
OF the session the leaders were duh and heavy.
Consolidated opened strong at yesterdays fig
ures, but the supply exceeded the demand and
1t closed steady with S715 bid. Florence sold
III 2A points and Jumbo Extension 1. Buying
orders from the east ran Fraction up points
l point.
Montana was the best trader In the Tonopah
division and showed a gain Of points Jim
Butler was in good supply and dropped of
poi tn
Following are the closing quotations.
GOT.DFIFI.D DISTRICT
Los Angeles herald., 1909-11-14
Location of Property

After many months study of the
oil situation in California and the
world at large, and after eight
weeks of actual search in the oil
fields of this state, we have secured
for the CROWN OIL COMPANY
800 acres of oil land in Ventura
county-the parent oil field of Cal
ifornia. We have purchased for the
company forty years lease at one
eighth royalty an acreage of ground
one-half mile wide by one mile
long. The company also has an
option to purchase the property at
any time during the life of the
lease, the purchase price to be
based upon the gross production of
oil, or the price may be fixed by
three disinterested oil men. WE
HAVE GONE FOR OIL WHERE
WE KNOW IT is EASY TO
REACH, WHERE THE GRAVITY
OF OIL is LIGHT AND THE
PRICE RANGES FROM 81 TO
$3.50 PER BARREL.
The property acquired by lease
for the CROWN OIL COMPANY
may be legally described as all Of
the West " of Section Z, Township
4, Range 10, in Ventura county.
This land includes the best portion
of the oil producing sands of the
western slope of Oat Mountain, and
is about 31a miles north of Fillmore
on the Southern Pacific railroad.
We are in the immediate vicinity
of such we'll known wells as the
Ivers, Kentuck, Brownstone, Los
Angeles and White Star. A num-
ber of these wells have been pump
ing light grade oil for nearly twenty
years.
Los Angeles herald., 1909-11-14
Oil a Money-Maker

Now we propose to make money
out of the oil business, and we also
propose to see that every stock
holder, rich or poor. will share in
the profits of the enterprise. We
want to make you money and we
are confident that every Stockholders
in the Crown Oil company will
make money Bear in mind that
our officers are your neighbors, they
are business men and oil men.
Affairs of our corporation shall be
conducted in one way only-FAIR
AND ABOVE BOARD. If you are
looking to make money In busi-
ness that is daily proving the big
gest money maker in California,
then get into the business yourself
by buying stock in a good legiti-
mate oil company, owning land ad-
joining or near producing wells.
Crown Oil Company the Best
There are many good and sound
reasons why you should buy stock
in our company. 1t is composed Of
reliable business men and practical
oil men. We have a long time lease
at a fair royalty on a large acreage
of drilling territory. The gravity OF
oil is high and the oil itself should
sell for not less than 81 or $l5O
per barrel. Transportation pipe lines
have already been constructed past
our property and water and fuel can
be supplied at little cost. our hrst
wells will be drilled near our nortn
end line and within a short dis
tance from the producing wells OF
the Brownstone Oil and RehnlnS
company. We expect our first wells
to give us a production of not less
than 100 barrels of light oil daily
and many of them may come in"
at from 300 to 1000 barrels daily.
You want some of the golden
wealth that is being taken from the
oil fields of California. Millions
have been taken out already and 1t
is safe to say billions will be taken
out. Become n partner with us IN
the Crown Oil company, and to-
gether we will share in the profits
such as oil wells alone can produce.
A few dollars invested in stock In
our company may grow into many
thousands.
Come to our office in Los An
geles or write to us for full partic-
ulars. We want you to fully IN
Vestigate our company and visit
our property before you make an
investment.
REMEMBER WE ARE AU-
THORIZED TO SELL ONLY
FIFTY THOUSAND SHARES OF
OR CAPITAL STOCK AT
CENTS PER SHARE. IF YOU DO
NOT ORDER OR RESERVE
STOCK WITHIN THE NEXT
FEW DAYS YOU MUST PAY
THE ADVANCED PRICE.
Los Angeles herald., 1909-11-14

morning session; the principal feature is the
strength in Amalgamated and in Utah Copper,
the former selling at 81 the highest in a long
time, and Utah Copper at 59l5, a gain of
several points. Nevada Consolidated made
high record at 2Sh a gain OF q. Butte
Coalition at 30ls shows a gain OF y. Boston
Copper has been well bought up to 1919. Calu-
met & Heca sold at 665 a gain of 8 points
The general run Of coppers. while not par
tiCularly active, IS showing strength under
the lead Of Amalgamated. Industrials are
neglected.
Los Angeles herald., 1909-11-14

OIL California oil - has out
stepped in dollars and cents the
production of gold by S5,00O,0OO for
the first half of the present year.
Now these figures are credited TO
State Geologist Aubury, and there
fore must be considered seriously.
Giving the figure in round numbers
the production of gold is $10,5OO,-
900. while the dark and green fluid
raced up the scale to the tune of
sic. 10000, with the balance in its
favor over the shining metal of S5,-
900, 900. Doesn't this furnish a sub
ject for thought? Perhaps 1t oc-
Cured to you, as it already has oc-
Cured to your neighbor, who is
getting this money? Certainly not
myself and why? That is Just the
question we want to talk to you
about. Why are you not receiving
a monthly or quarterly dividend
pay-check? You want one like your
wealthy neighbor who sports"
$4,000 automobile and lives on the
luxuries of California without physi-
cal exertion. The only difference
between you and your rich neigh
Dor is that he doubtless invested
his surplus money in some form of
investment-perhaps in good legit-
innate oil stock or some corner lot
in one Of the many thriving cities
of Southern California. The city
grew and made his lot valuable or
the oil company struck oil' and Is
having him dividends. Here we wish
Los Angeles herald., 1909-11-14
COPPER STOCKS
SHOW STRENGTH
GENERAL LIST OF SECURITIES
DISPLAYS DULLNESS
CONSOLIDATION OF RED METAL
MINES STIMULATING
Foreign Lenders Offer Funds in New
York and Great Private Bankers
Apply Resources to Protect
Call Money
IBy Associated Pressl

NEW YORK, Nov. 13-Copper stocks
furnished the object of a diversion to-
day in the dullness which held the gen
eral stock list. The return from abroad
of a number of capitalists credited
with deciding voice in negotiations be-
lieved to be under way for consolidat-
ing copper interests, was made the oc-
casion for the demonstration IN that
group.
Guarded admissions We're interpreted
by the speculative element as conir-
nation of the reports on the subjects
which have been in circulation, but no
authoritative announcements We're
made This movement acted as a tonic
on the stock market. Confidence was
kept up by assertions thar supplies
of credits sufficient to guard stock mar
ket values would be forthcoming from
other sources than the clearing house
banks.
The statements were made that for
eign lenders We're Offering funds in
New York, and that the great private
bankers were applying resources to the
protection of the call money market.
There was a large flow of gold into the
Bank of England largely from the
Bank of France.
Tells of Additional Drain on Banks
Account was taken of additional
drain already in sight on New York
bank reserves.
Prospects are that further gold will
go out to South America, besides en-
gagements already made don't figure
in today's bank statement.
Trade reports were encouraging and
returns of October gross earnings of
railroads We're sufficient to indicate a
high water mark for the month.
fhof n call 1nqnC made
at the stock exchange Saturday left
the market without an accurate index
of the tone, but a strong demand for
time loans was reported Loans for
sixty days were made at 3 IA per cent
and that rate was asked for ninety
days.
The appearance of the bank state
ment confirmed the confidence of those
who had expected the surplus to be
Los Angeles herald., 1909-11-14
Greater Than Gold by $5,OOO,OOO

one of which is a large sulphur
spring flowing an abundance of min
eralized water. These springs issue
forth from the mountain we'll up
near the western crest of Oat
Mountain and at a point much
higher than we will drill our first
group of wells, thus giving us an
abundance of water for camp and
steaming purposes which will be
supplied through a pipe line by
must then pay an advanced price.
ing purposes for the drilling of our
first well will doubtless be taken
from one of the three pipe lines
near us. BY tapping the line oil
may be delivered into our tanks
without the expense of pumping or
hauling. This will be a great saw
ing to our company. With both
water and fuel harnessed and with
in easy reach the expense of drill
ing will be reduced materially.
Splendid roads connect our prop
erty with the little city of Fillmore
and all supplies can be delivered
into our camp without the usual
heavy item of freighting. At a cost
not to exceed $500 we can build
road along the slope of the noun
tain to the location of our first we'll
near those of the Brownstone COM
pany.
Los Angeles herald., 1909-11-14
Metal Market

NEW YORK, Nov 19,-With both the NSW
York and London metal exchanges cloSed
prices We're practically nominal today, and no
fresh features developed
Tin was quoted at $50 25a3O.5O. Local deal
ers quote lake copper at Sl3OO913.25; electro
lytic, Sl2S7i2d13.00; casting. S12 75612.S71a
Lead was quiet, s437l284.45, and spelter at
Sc 25d64O
Iron was unchanged
Los Angeles herald., 1909-11-14

conserved, the enormous loan contrac-
ton reported operating, in fact, to add
substantially to the margin of the sur
plus.
Bonds were heavy. Total sales. par
value, S2,O43,OO0 United States bonds
We're unchanged on call from last week.
Los Angeles herald., 1909-11-14
CARLOAD SHIPMENTS
OF CITRUS FRUITS

) shipments of oranges and lemons
5 from Los Angeles Thursday, Nov IL, g
. were carloads of oranges and 13 OF 6
; lemons. Total to date there have been
. shipped 1871 cars, of which 80 have
! been lemons: Last season to date there
> were shipped 142 carloads, of which &
D I12 were lemons.
shipments from POrterville and &
> other northern districts reported by
! the Pacific Fruit Express for Nov. 10,
, were ~ carloads, total OF 2So for
> this season.
Los Angeles herald., 1909-11-14

Indebtedness. All stock is issued
fuIl-paid and -assessable. Ari-
zona laws exempt stockholders from
personal debts of the company and
extend liberal corporate privileges
which enable us to broaden our
scope of operation without any legal
limitation. The rights of the stock
holder will be fully protected and
the laws of the country are very
powerful in the protection of stock
holders No honest corporation will
ever consider the depriving of any
rights of their stockholders and If
it should the punishment is severe.
We propose to comply with the laws
of the state in which we operate.
Officers and Directors
Business Men and Oil Men
DR.. C. B. walsworth of Los An
geles, President.
H. Friedman of Pomona, Vice
President,
Way C. West of Los Angeles, Sec
retary.
B. X. Dawson of Los Angeles,
Treasurer.
A. A. Ward of Fillmore, Man
ager.
The success of any enterprise is
largely determined by the character
of men controlling it's affairs. Our
board of directors and officers are
recognized business men of standing
in their community. This alone
speaks we'll for the success of our
organization. Those of our officers
having the immediate supervision
of office and development work in
charge are competent and trust
worthy. Mr.. A. A. Ward, our field
manager, has been in our oil field
for over sixteen years and Is
thoroughly familiar with the oil
bearing sands upon our property.
He is practical and knows the
business. Mr.. Ward is absolutely
positive that we will get oil in pay
ing quantities upon our property
Some six years ago he endeavored
to secure the land now controlled
by our company and it was only
through his influence that we sue
ceeded in the final negotiations
which gave to our organization
some valuable oil territory. He was
in the employ of the Union Oil COM
pany for many years and has, we
understand, drilled more oil wells
in Ventura county than any other
individual. Mr.. Dawson, our treas
urer, is familiar with the oil busi-
ness and has had practical expert
enca in the oil field.
Los Angeles herald., 1909-11-14
Only Fifty Thousand Shares
at S Cents Per Share

The board of directors of the
Crown Oil company has authorized
the sale of $4,000 shares of stock at
5 cents per share There is not an
other share of our stock on the
market and the company cannot
sell additional stock until the d1-
rectors authorize another SALE We
announce, positively, that when the
scent stock has been sold there
will not be another share sold from
this office at such a figure. You
must then pay an advanced prlcoe
which will doubtless be two or three
times the present selling price. Now
the question is up to you. Do you
want some Crown Oil Stock at
cents per share or will you wait un-
til the stock makes a number OF
advances? We advise that you buy
Immediately and pay the present
selling price. The day we get our
first WELL with the production OF
100 or more barrels daily, our stock
should be worth 25 cents per
share, and as other wells produce
accordingly the value of the stock
should rise correspondingly. Our
idea is to make the Crown Oil COM
pany n big oil company. We con-
slider that our ground is as good ill
land as will be found in Ventura
county. The many wells near us
are producing a light gravity OIL
and we expect to contract the sale
of our oil for not less than 81 net,
and we may reasonably expect to
receive $1.25 or $3.50 per barrel, de-
pending, of course, on the gravity.
Los Angeles herald., 1909-11-14
PRICES OF METALS
IN NEW 'ORK MARKET

@ NEW YORK, Nov. 13.-Copper, nOmi- Z:
o nal and unchanged; standard spot to 9,
o Dec. S12.7O@13; Feb. S12.8O@13.1O. 9
o Lead, S4.371z@4.45. spelter, S6.25@ 9
@ 6.4O Silver, 50Ac. @
Los Angeles herald., 1909-11-14
closing quotations TO-DAY
~ A Ii
Boston Mining Stocks

Special service to The Herald by B. F. Tay.
Tor. l12 West Third street. Los Angeles.
BOSTON, Nov. 13-The Boston copper share1
are good and unusually active for a Saturday
Los Angeles herald., 1909-11-14
Dividends twenty-five Millior

Now let us return to the subject
of dividends which is always a
pleasing one. 1t is stated that dur
ing the last ten years the listed oil
companies of the San Francisco and
Los Angeles Oil Exchange have paid
nearly $25OO0,OOO in dividends to
its stockholders. When we consider
Los Angeles herald., 1909-11-14
Bid. Ask.
MANHATTAN DISTRICT
OTHER DIS
Salt Lake Mines

snecial service to The Herald by ]. c.
Wilson. 2l2 West Fifth street Los Angeles.
member Stock and Bond exchange OF San
Francisco and eastern exchanges.
Los Angeles herald., 1909-11-14
Comstock Mlnina Stock

Special service to The Herald by B F. Tay.
lor ll2 West Third street. Los Angeles.
SAN FRANCISCO Nov. 13.-Following were
Quotations today:
Los Angeles herald., 1909-11-14

that the majority of the oil COM
panies have not listed their stock
on any exchange and are known TO
have paid handsome dividends, we
may readily believe that the total
sum of dividends paid by oil COM
panies of California in the last ten
years reached the tremendous sum
of $50. 900 900. Dividends earned ana
paid by these companies range from
80 per cent to $50 per cent annually.
Do You Want a Dividend
Check?
Now we want some of the divi-
dends from the production of oil IN
California and we are confident
that he have laid the foundation Tor
A BIG AND SUCCESSFUL OIL
COMPANY. Like the reliable build
er we have selected the material for
a broad and enduring organization
which should expand to gigantic
proportions and by honest methods
and fair dealings make us all
wealthy. Would you join hands
with reliable business men and
practical oil men who have already
proven their faith in the oil busi-
ness by securing oil land in the
land of oil wells, and are now pre-
pairing to begin work on the prop
erty? BY acting promptly-TO-
DAY, NOW-you can be a partner
with us. Read further and we will
tell you about the Crown Oil COM
pany which has been organized to
carry on the work and how you
may become a partner in the busi-
ness.
The Crown Oil Company
With the knowledge that few
listed California oil companies have
been paying dividends at the rate
of one-half million dollars monthly,
and believing that a company con-
Quoted upon honest principles would
pay every shareholder handsome
profits, we decided upon the organ
ization of the Crown Oil company.
Our company has been organized
for the sole purpose of operating
California oil properties and is in
corported under the territory laws
of Arizona with a capitalization of
one million shares with a par value
of S10O each. There is no preferred
stock, no promotion stock or bonded
Los Angeles herald., 1909-11-14
lg are closing quotations:
New York Curb

Special service 20 The Herald by f. r. Hut
ton & Co., liz West Third street. Los Angeles
Los Angeles herald., 1909-11-14

Lose q good-pay tenant. or boarder? Let
a want ad help you to take 1t ike phuoso-
pher
Los Angeles herald., 1909-11-14
Four Transportation Pipe
Lines

Usually the greatest expense and
often an expense that cannot be
met by many oil companies is the
construction of pipe lines from the
wells to points of transportation
With plenty of oil and a transpor-
tation pipe line there seems no
earthly reason why an oil company
cannot be made the source of great
profit to stockholders. Before start
ing to drill or spending a dollar on
our property this big item of ex-
pense has been overcome. There
are three pipe lines passing within
a short distance of our property and
the fourth one, a large six-inch
line, is being built by the Big Sespe
company, another of our new neigh
bors on the north. The day we
bring in" our first well we can
market our oil.
Five Flowing Springs on
Property
There are no less than five springs
of mountain water on our property,
Los Angeles herald., 1909-11-14
California
Ten Years

to repeat the old and true saying,
zone good investment is worth n
lifetime of labor" That this is
true let us reproduce a statement
from an oil publication which shows
that $3.50 invested in Home Oil
company has since had value of
S1O0, 000" Just think Of it, $3.50
GROWING INTO 800, 900! Well
that is worth repeating over and
over until 1t burns into your memory
so deep that you cannot forget 1t.
Just make up your mind that what
others have done you can do and
proceed to do it by hunting up the
best form of investment and buy
ing to your full financial capacity.
We advise that you investigate oil
stocks. Look into the merits Of
newly organized oil companies.
When you are satisfied select a GER
tain good one and plant your money
with it and watch 1t grow-and 1t
certainly will grow if the company
has good oil ground and is in the
hands of responsible and conscien-
tious business men.