davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1910-05-04
INCREASE IN STOCK
SALES PREDICTED
Brokers Believe That Growing
Business in Oil Securities
Is Assured

Brokers who have been following
the trend of the oil business predict
a growing business in this class of Sc
curities during the next few months.
The Bakersfield oil exchange is about
ready for business and will serve not
only as a clearing center for stocks.
but will act as sort of field index of
values. The local exchange will be
placed upon much broader basis be-
fore the end of this month and greater
business is assured.
The feature of the last week has
been the great volume of business in
Associated. 1t was traded in extern
sively here and in Los Angeles. The
stock was in demand largely because
of the decision to list in New York.
Speculation was increased also by the
ports that the company was to resume
the payment of dividends in the fall.
April showed a substantial increase
in the dividends of the listed compa-
nies. During the 80 days the disburse-
ment of S710,36S.12 was authorized. BY
the end of May the total dividends OF
the listed companies will be well over
$30,000,O0O.
with the bringing in of the many
new wells in Coalinga, Sunset, Midway
the Santa Maria and Ventura fields II
is generally believed that before long
the monthly disbursement of the board
companies will reach $1,000,000.
The San Francisco call., 1910-05-04
FRIEDMAN PECULIAR,
SALOONMAN TESTIFIES
Says Philanthropist Always
Drank From Same Glass

Some peculiar characteristics of Ju-
Illus Friedman, whose will is being con-
tested in Judge Graham's court by Paul
Grunewaldt and other claimants, were
testified to yesterday by Ernest Ha-
quette, formerly proprietor of the
Crystal Palace bar at Geary and Kearny
streets.
Although Haquette employed four or
five bar tenders, Friedman would allow
no one to serve him but the proprietor
himself A special glass was kept
locked in a drawer for Friedman, as
he would not drink from glasses with
which the general public was served
Generally Friedman drank by him
self, but on one occasion he purchased
for Edward Lande and on another for
Alfred Grunewaldt. 1t was testified by
Haquette that Friedman introduced
Grunewaldt to him with the words,
'fThis is my cousin" This is regarded
as strong testimony by the contestants.
Friedman stated in his will that he
had no relatives. The will disposes of
property worth about $3.50. 900, most of
which was willed to charity.
The San Francisco call., 1910-05-04
FULLERTON WELL
WORLDS DEEPEST
Unions Strike Is One of the
Most Remarkable Devel=
0pments of Week

One of the most remarkable develop
ments of the week in oil circles was the
striking by the Union of big producer
st Fullerton at a depth of $500 feet. It
is said to be the deepest flowing well
in existence. It. took three years to
complete. Accidents and minor mishaps
attended it's progress. At times it was
reported that the oil pool had been
tapped, but denials followed in every
instance. During the week it was put
on the pump and produced for while
at the rate of 100 barrels Then it broke
loose and yielded at the rate of 1000
barrels. 1t has since been reduced to a
steady production of $50 barrels a day
of % gravity.
In many ways the new well is con-
sidered the most remarkable well in
California. In some respects it is like
the wells in the Santa Maria and Cat
Canyon districts. The drilling is deep
and difficult, but there is every indica-
ton that the well will become a big
producer.
The well is known as Bastanchury
No. /. 1t proves up big belt in what
is known as La Habra valley 1t is To-
Gated on 1000 acre lease which the
Union oil company acquired several
wears ago.
The San Francisco call., 1910-05-04
KNAPP CONCLUDES
SUGAR HEARING
Evidence to Be Submitted by
Him to Attorney General

Western sugar barons sighed with
relief yesterday, for, after more than
A week Of searching examination into
their trade secrets before the federal
grand jury, Special Prosecutor James
r. Knapp, sent from New York 10 put
the sugar companies on the grill, an
nounced that, so far as he knew, his
work was at an end for the present
Knapp will leave for Washington to-
morrow and in an extended report will
scQuaint Attorney General Wickersham
in detail with the evidences of an IL
legal combination in restraint of trade
disclosed by the testimony of half
hundred witnesses.
Knapp has been endeavoring to Sc
cure proof that the big western sugar
companies are united in violation of the
sherman antitrust law.
Under the provisions of the Sher-
man law" the special prosecutor said
Yesterday, 'all testimony taken in re-
gard to an alleged infringement of that
law must be submitted TO the attorney
general himself before action is taken"
This means that the federal grand
Jury can not return an indictment at
this time, no matter how startling the
evidence presented to it's attention may
have been. If Wickersham believes
testimony has been given proving that
the companies are in an illegal COM
bination. an indictment will then be
returned by the grand jury. No papers
have been placed on file in this case.
1t is said that some startling testi-
mony has developed in the hearing,
especially from officers of the inde-
pendent sugar companies. 1t has been
declared that a combination exists
among the great sugar interests which
regulates prices, determines rates and
results in many hardships to the
smaller concerns.
Several minor cases were to come up
before the grand jury yesterday. but
no time was found to consider them.
Postal Inspector James O'Connell ap-
peared with a number of witnesses in
a case he has for consideration, but it
was postponed.
The San Francisco call., 1910-05-04
.OILMEN TO GET
HEARING ON BILL
Flint Arranges Conference on
Pickett Measure; Taft
Promises Protection
Especial Dispatch TO The Call

BAKERSFIELD, May 8. - From the
answers that have been received to the
kilograms that were sent last night to
the representatives of this state in con-
gress, it appears that the oilmen viii
have an opportunity to present their
claims before the committee before
final action is taken on the Pickett
measure which has raised such a storm
here.
kilograms were received today from
Senators Perkins and Flint and from
Congressman Smith, all of whom agree
that there is little prospect of i'm
mediate action on the Pickett bill.
Senator Flint has arranged for a
hearing between the senate commit
tee on public lands and the delegation
from Bakersfield for May II. Accord
ing to Congressman Smiths message,
President Taft has agreed that he will
protect all who have spent money in
developing the land. by exempting such
land from the withdrawal order.
The delegation from this city will
leave in a few days and will arrive in
Washington in time for the conference
arranged by Senator Flint.
The San Francisco call., 1910-05-04
CENSUS ENUMERATOR is
KIDNAPPED BY LINER
Outside Honolulu Harbor Before
Inspector Knows 1t

+. n. McGrew, a Honolulu customs
Inspector. was accidentally Kidnapped
by the liner Sierra. which arrived here
yesterday from the island port. Nc
Crew was on the night customs force
and grasped the opportunity offered by
a call for census enumerators to make
2 little extra money during the day
time. A number of Honolulu residents
were passengers on the Sierra and Nc
Grew boarded the ship shortly before
sailing time 10 make sure that nobody
was leaving without being counted. So
engrossed was he with his work that
the Sierra was outside the harbor be-
fore McGrew awoke to the fact. He
was told he could return with the pilot.
When the pilot left the ship McGrew
was nowhere to be found. and later said
he had been waiting for the pilot on
the wrong side Of the ship.
The San Francisco call., 1910-05-04
BADGER WOULD ENJOIN
TRAINMEN BROTHERHOOD
Official Charges Conspiracy to
Remove Him

B. X. Badger, chairman of the griev-
ance committee of the brotherhood of
railroad trainmen for the Pacific coast
of the Southern Pacific company, filed
suit in the superior court yesterday
against his fellow members of the COM
mittee to restrain them from trying
him on charges Of being incompetent
and a traitor to the association
Badgers salary as chairman of the
committee Is $3.50 month. He charges
that E. A La Rieu, l.. c. Kerr. E. F..
Page and j. I. McCrossin have ma
liciousIy conspired to have him removed
from the position of chairman.
The San Francisco call., 1910-05-04
UNREST Shown
in OIL FIELDS
Operators Believe That Produc=
ton of Past Few Months
Will Congest Market

BAKERSFIELD, May 3.--A vague
operators in this vicinity owing to the
belief that the enormous productions of
the last few months will congest the
market. The veterans of the industry
assert, however, that, with the compile
tion of the proposed pipe lines from the
fields in various directions. there will
be created a demand bigger than ever,
for there are many cities that would
use this product as a fuel if they were
able to get it.
The proposed Arizona pipe line will.
it is believed, make great difference
in the market
There seems to be little doubt in the
minds of those who are in position to
know, that this work will be COM
menced as soon as the rights of way
can be secured. Men have been work
ing on these for several weeks and re-
port success.
IT was reported here on the authority
of w. P. Cunningham, the local man
ager of the company holding the land
that an offer of $4,000 per acre had been
made for the quarter section owned by
the La Belle in section 80, 1923. AL
though he declines to state who made
the offer, he intimates that it was from
the English syndicate, which is known
to have invested several million dollars
in this county in the last few weeks
1t is understood that the intending
purchasers have demanded 80 day op-
ton and this is the point on which the
to craJf
are willing to take the $4,000 offered,
but refuse to tie up the property for
any length of time. This price appears
to be the record offer for Midway lands.
This section is surrounded by paying
properties and the La Belle has one
good well in operation at the present
time.
From the events of the last few
weeks 1T appears that European finan-
cial circles are being interested in Cali
fornia oil. Following the announce
ment that an English syndicate has
purchased quantity of land in this
county comes the statement that
agents of a Paris banking house are
in the field and are securing options
on a quantity of land
During the last week Douglas Read
the president of the Banque Interme-
diare of Paris, and Compile Alfred de
Puyfountaine, director in the same
institution, were in Bakersfield and
visited the west side fields. They de-
clined to make public the details OF
their mission, but stated that they
were seeking investments for some Of
the loose money that is available in
France. From here, it is stated. these
men went to Los Angeles, where
they consulted with President Doheny
of the Mexican petroleum company.
Options have been secured on 3
quantity of land in the vicinity OF
Dinuba, in Tulare county, and the
work of prospecting for oil in that
section of the state will soon com
mence. Until recently but little was
thought of this section. 1t was be.
lieved to be outside of the oil belt
and while it was admitted that there
were some indications of deposits few
believed that the fluid existed in com.
mercial quantities., if at ALL Los
Angeles syndicate has taken the op-
tions, and it is stated that they viii
begin operations in a short time
The San Francisco call., 1910-05-04
RIVULET OF OIL
FLOWS TO OCEAN
Big Gushers Continue Unabated,
Producing Approximately
$4,000 Barrels Daily

The big gushers in the Midway, Sun
set, Coalinga and Santa Maria have
maintained their flow during the last
week without abatement. The Lake.
view has maintained steady produc-
tion approximating 10000 barrels
day. The gravity of the product has
improved, and although there has been
ia lessening of the gas pressure the
regularity of the output has remained
STEADY. The stream from the well no
longer spouts over the derrick, but
pours over the casing like a rivulet
About half of the oil goes to the sea
through the producers line.
FLOW Is INCREASED
No. well of the Standard oil COM
pany on section 30-32-24 is increasing
it's flow. One day recently it did II, 600
barrels. Since the 21a inch pipe was
removed no trouble has been had at
the well. No. well is full compan-
ion to No. close by, which has been
yielding 5000 barrels day and flow
ing for, more than nine weeks. Well
No. has reached a depth of more
than 1000 feet and No. z LOO feet
The Mascot oil company is going in
for extensive developments on section
26-23-23. Timothy Spellacy, president,
has completed arrangements to have
eight new wells drilled on it's own
lease. There are now "a wells on the
section which run from $4,000 to 10000
barrels a month. 1t is said to be the
intention of the company to produce a
total of 100000 barrels of oil month,
which they expect to accomplish with
the eight new wells.
START ON NEW WELLS
Surveys for "a wells arranged in
checkerboard form have been made for
the Canadian Pacific oil company on
the northwest quarter of section 4-32-
%. The stock holders are principally
British Columbia people. Buildings for
an Office, cookhouse, storehouse and
bunkhouse are being put up. One well
has reached depth of 1,525 feet O.
w. Little is the field manager of the
company.
During the last week the Union oil
company has started up five new
strings of tools at Maricopa and will
spud in on two new wells the latter
part of this week. Sage Is and IL and
Lakeview 4, and are now drilling
and they expect to start Webster 10
pairing to develop another water well
in order to extend the water lines to
continue with the development work.
The company will also build a new
camp. It is expected to put in a large
warehouse and a railroad spur of It's
own. There will be in the neighbor-
hood of 25 modern cottages and ALI
conveniences. This camp will take in
portion of section 25 and a, portion
of section "a. Work will be commenced
at once
The Boston Pacific oil company (for-
merly the Acme) has completed its No.
5 well at a depth of 1,225 feet 1t is a
200 barrel producer. Preparations are
being made to spud in on No. at once.
The San Francisco call., 1910-05-04
new Wells BORED
IN SANTA MARIA
Western Union Company Brings
In Gravity Petroleum as
High as "a
English Capital Reported to Be
Seeking Entrance Into
Well Known Field

From the Santa Maria fields comes
the report that the western Union oil
company has brought in new wells of
a very high gravity petroleum. 1t is
said 10 have run in some instances as
high as 81 The company has gone
through a long series Of difficulties, but
the recent discoveries, Il is stated, will
more than compensate for the previous
SD luck There mas been some bidding
for the stock, but it is closely held in
LOS Angeles. Among the chief parties
in interest are Judge Bicknen, Thomas
hughes, John d. Hooker and the
'evnes. all OF Los Angeles.
English capital has been seeking an
entrance into the Santa Maria fields
They have been examined by experts
sent out from London and the reports
have been uniformly favorable. On the
strength of these reports a syndicate
Of Englishmen have been endeaVorine
10 acquire some OF the choicest hold
ings. They are firmly held. however
and no sales have Yet been announced
PALMER COMPANIES FIRM
Palmer No. 1 continues the same even
production of 1900 barrels a day
Palmer Blochman No. has been on the
beam continuously since April "a. and
its production Monday morning by ac-
1ual measurement was Y barrels pei
hour. The oil seems 10 be fully as light
= s No. 1. The gas pressure on the cas-
ing head is up to $50 barrels and. stead.
llN increasing. which indicates
growing production, IS the gas press.
ure develops and opens up the veins
in the oil sands This was the case
with Palmer No. I, also with UnioT
Bell. No. ] and Bell No. .. on property
adjoining the Palmer. Palmer Bloch
man No. is being cemented off al
about 1000 feet. Palmer Stendel No.
is being cleaned out at a depth of 2,67i
feet.
The Palmer is delivering on its
900, 600 barrel contract to the Asso-
ciated oil company at so cents pei
barrel and TO the Union oil company al
55 cents per barrel delivery at the
wells
Reports received yesterday by tn,
Hopkins Mailman company were to tn,
effect that Dome No. / was bailing sanc
and oil and would soon be in condition
10 put on the beam.
PRODUCING WELLS INCREASE
Bell No. ! has resumed pumping anC
is producing at the rate of 500 barrel:
a day. Bell No. , is yielding 500 bar
rels q day under the pump.
The Los Alamos No. 1 is being placed
in condition 10 go on the beam. 1t is
fun OF oil and promises TO be a big pro-
ducer.
The Ideal has completed its rig at its
new location and viii install. rotary
tools
The new Pennsylvania well in Cal
canyon Is down 3,1S5 feet. 1t win be
finished inside Of 5000 feet. Prepara-
tions are being made to perforate.
The West, a few feet from the Penn
sylvanla, has reached the 1900 foo
mark and viii soon be on the pump.
The Summit has spudded in on it,
property in the north Cat canyon dis
trict.
Dispatch No. ] has erected its ris
and will soon be at work.
With the hole 2.l0O feet, Coblentz ha'
started the six inch casing. Everything
about the well is in good condition.
The San Francisco call., 1910-05-04
AGE SAVES TESLA FROM
TERM IN STATE PRISON
Seventy=seven Year Old Man
Sent to County Jail

Louis Testa, who entered on career
of crime when II years old, was saved
from a state prison sentence yesterday
only by his age and his previous good
character. He pleaded guilty of grand
larceny in Judge Cabaniss' court and
was committed to the county jail for
one year.
Testa and another man defrauded
Margherita Fantima out of $4,000. 1t
was represented to<Mrs. Fantima that
Testa wished her to care for his daugh-
ter, but that before intrusting the girl
to her he must be assured that she pos
sessed at least $4,000 Mrs. Fantima
produced that sum and the two men
juggled the money between two boxes
and succeeded in stealing it.
Testa was arrested in Sacramento.
He had 81, 200 in his possession, $1,000
of which he afterward restored to Mrs.
Fantima.
The San Francisco call., 1910-05-04
FAIRFAX PARK CHOSEN
FOR IRISH FESTIVAL
Proceeds Will Go to Fund for
Hall of Celtic Societies

The annual grand festival of all the
Irish societies, given under the aus
pices of the Celtic union, will be held
in Fairfax park, Sunday, May II. At
the last meeting of the order all COM
mittees that will conduct the festival
were named and instructed to extend
themselves in making the outing a
thorough success.
The proceeds of the festival go to a
fund for the erection of a handsome
Irish hall to be used by all the Irish
societies of the city. The support. of
the united Irish societies has been se-
cured.
A feature of the entertainment will
be a defamation contest. The follow
ing names have been entered for this: :
John ID. Condor, Peter Tamony. John
Deyany. Peter McGlinchy. p T. Nc
Quinn and Sergeant Hurton. The COM
mittee on program is: Frank S. Drady.
D. j. O'Hara. P. ]. McCusick and Colonel
j. c. OConner.
The San Francisco call., 1910-05-04
)Ti SECS Great Development in Oil Industry
SOUTHERN PACIFIC
To Sell OIL Land
Disposal of Properties Would
Net Stock Holders About
$50 a Share

NEW YORK. May s.-The Southern
Pacific company is considering a plan
for the disposal of it's oil properties
it was said today. and the distribution
of the proceeds through stock to the
share holders. The aggregate value
of the oil property of the Southern
Pacific is said to be approximately
s1OO.00O.OOO and the estimated proceeds
of the sale of the property would mean
special dividend of about $50 share
to the stock holders of the Southern
Pacific.
The San Francisco call., 1910-05-04
UNION OIL COMPANY
MAKES THIRD FIND
E. M. Sheridan Makes Large
Winning Through Strike

News that interests a number Of
Santa Barbara people has been re-
ceived from the north Midway oil field,
says the Santa Barbara Press. 1t tells
that the Union oil company has found
the third oil sand on section 10, which
adjoins the Bear Creek holdings and
corners with the tract owned by S. Z.
Calef, George J. Kaine and others of
Santa Barbara. Perhaps the largest
winner by the find is Z. NJ. Sheridan of
Santa Barbara, who disposed of his
option on this property TO the Union
oil company for a consideration of
100000 contingent upon oil being
struck.
The San Francisco call., 1910-05-04
FOLDER ISSUED BY
IMPROVEMENT CLUB

The North Central Improvement as
sociation has Issued folder telling of
its recent efforts at Washington in be-
half of San Francisco. The association
through its representatives made a
strong plea for an appropriation for a
new subtreasury. 1t was successful in
enlisting the cooperation of President
Taft. Among the other important mat
ters undertaken were the recognition
of San Francisco's claims to the Pan
anna Pacific exposition and the improve
of the local mail service.
The San Francisco call., 1910-05-04
Smoot Explains About Bill

WASHINGTON. May 3.-In connection
with the reading of a telegram from
the board of trade of Coalinga, Cal,
protesting against the house public
land withdrawal bill, Senator Smoot to-
day made a statement to the senate
explaining the status of that bill in
the senate
Smoot spoke as chairman of the sub
committee having in charge the con-
serYatiOn measures. and said the senate
committee had reported an entire sub
stitute for the bill.
The California protest related espe-
cially to oil lands and Smoot said the
senate bill contained no provision for
the withdra wal of such lands.
The San Francisco call., 1910-05-04
NOTHING SUCCEEDS LIKE
RESULTS

After three years Of careful or
ganization and experimental work
we are now able to offer you stock
in the PACIFIC FRUIT COOLING
and vAPORIZING COMPANY. with
a plant ready for actual operation
and over $4,000 worth OF business
signed up. together with a GOLD
BOND, issued by large banking
house of San Francisco, payable at
maturity by the bank for the amount
you invest with US for stock. there
by removing any possible chance OF
loss by the investor. In addition TO
this you participate in the dividends
declared by the company from time
to time and the advance in the value
of stock.
The San Francisco call., 1910-05-04
PETALUMA OIL LAND
is SOLD TO BRITISHERS
Syndicate Promises to Prospect
a Large Area

The Petaluma Argus reports the sale
of the property of the Bonita and Ra-
mona oil companies, operating near the
city of Petaluma, to the Consolidated
Oil Fields of California Limited, a Brit
ish syndicate. 1t is stated that a large
area near Petaluma will be prospected
The San Francisco call., 1910-05-04
IN SIX SHOTS FAIL TO
DRAW BLOOD IN DUEL

PARIS. May 3.-Count Ismael de Les
seps, son of Count Ferdinand de
Lesseps and an officer of a cavalry
regiment, fought a duel today with
Count Just de Poligny in the Pare des
Princes. Six shots were exchanged,
but neither was hit The two anita GO
nists left the field without a reconcilia-
tim
The San Francisco call., 1910-05-04
BETTER THAN OIL STOCK
BETTER THAN REAL ESTATE
No Possible Chance to Lose

Seldom, if ever. has a stock COM
pany offered so safe an investment
We shall sell but a limited amount
of our stock at 81 per share, which
is par value; and, with a guarantee
bond attached, you can readily see
that it will force the price Of our
stock up. No less than 100 or more
than 10000 shares of this allotment
will be sold to one person The next
allotment will be sold at So per share
and prices will be advanced as other
plants are installed. A certain per-
centage of the earnings OF these
plants will be paid out as dividends.
With the enormous crop of fruit TO
be handled in California this season
a thorough and proper method OF re-
frigeration is absolutely necessary
to preserve same in transit between
here and the Eastern market. Our
last years experimental work on 81
cars of fruit shipped to all points
east proved that with our method
of refrigeration every pound of fruit
can be saved from decay while in
transit.
The San Francisco call., 1910-05-04
LOOK US UP BEFORE
INVESTING IN OIL OR
REAL ESTATE

Invest in an absolutely proven
industrial enterprise now ready for
operation, and with additional capi-
tai will make thousands of dollars
to be paid in dividends.