The San Francisco call., 1910-03-13
The Local
Situation

on the Pacific Coast and particularly in
California. the outlook is most favorable for
. prosperous year. The reserve supplies OF
grain. dried aud canned fruits. etc. are
more nearly cleaned up than is usual at this
time Of the year 1t viii be remembered
that last year there was very large stock
Of dried and canned fruit on hand due to
the decreased demand during the financial
depression. and many canneries put up
hardly more than one-hslf their usual pack.
Indications point 10 great activity in that in
dustry this year. and it looks now rs if
there viii be ready market for crops Of
All kinds.
Southern California has added another
jewel to her agricultural crown in the sue
. cessful cultivation Of cotton IN the Imperial
valley. There win be fully $4,000 acres
planted 10 cotton in that portion of the sta te
this year, and the progressive methods that
have brought such success to the California
rancbers in other branches of farming have
produced cotton crop averaging a bale 70
the acre, against little more than third
Of bale 10 the acre in the South.
The oil industry Of California continues 10
Y -ttrscr the greatest attention at this time
because Of Its increasing Importance and
large profits.
Inc recent DEVELOPMENTS in the Midway
District, where enormous gushers OF high
gravity oil have been brought in. has given
the industry = fresh impetus and demon
oil exists IN parts Of the fields little dreamed
Of a few years ago.
A recent compilation shows that the oil
c0mpa MES Of~this State have already paid
sac l01 I99 in dividends 10 their stock hold
ers This can be readily understood for
the companies listed on the Exchanges have
paid considerably over SIS O00, 600, and there
are many not listed
Tbe oil producing business is now so we'll
unc srstOod the proven districts so thor
ouRhly demonstrated and the formations
known, that the question OF getting oil Is
simply one Of drilling wells and when pro-
ductiOn Is once established II, can be safely
calculated upon for many years in advance.
II is because Of tie stability Of the in
dustry and the great profits derived from it
that the shares Of the California oil COM
psnies are being 50 eagerly sought after by
investors. At the present time there is no
investment safer or more profitable than
shares Of carefully selected oil companies Of
this Stare, with good holdings Of proven ter
We have been devoting considerable atten-
tion Of late TO the Premier OIL Company.
We have done this on exactly the same busi-
ness principle as any merchant when he
knows that he has a better buy than usual
FOR his customers.
investmeut-aDd will prove most profitable
one We have known from the first that II
would be so. Our judgment has been sus-
fained by the devei0pment-by the present
PRODUCTION Of about 65 600 barrels monthly
By the dividend which the Company has Just
about the future Of this company with its
splendid. property viii be substsDtiated as
development progresses. .
We recommend the purchase Of Premier at
ANYTHING under 90 per share. It is worth
that price todsy-and more
LINCOLN MORTGAGE & LOAN CO.
18th Floor loo Geary St.
San Francisco
New York Seattle Los Angeles