The San Francisco call., 1910-08-26
Assessment Directory Comstock Mines
OIL STOCKS

There was more business in the oil stocks
Palmer to S1521A, buyer 80, and one in Union
at Sl01 Monte Cristo irmer at $3.10. New
Pennsylvania was lower ar soc.
NJ. and T. oil company in section SO 1924
adjoining Maricopa 36, on Wednesday brought
In 5000 barrel well. The property is near
the Lakeview.
The Essex well on the Maricopa fat will be
flowing again In few days. Preparations
being made to open it up The company has
provided storage and oil will be lost as long
as the well be controlled.
The Ida May, which recently purchased the
Arcola property, section 2-11-24, is cleaning out
the old wells and is making plans for the drill
ing of eight new wells. The company is putting
in large boiler capacity.
The Pyramid oil company section 26-31 %
has reached depth of 1000 feet with 1212 inch
casing and has shut off the water. The 10 inch
casing has been put in and the company expects
to carry this TO the 800 foot point. where the
same sand should be encountered which is giving
the American oildelds its tremendous production
on section 36 to the southeast.
Monthly dividends aggregating SII6.09S will be
paid September 1 by two companies, of which E.
L.. Doheny is president, follows:
American petroleum. $96 100; Mexican petro-
leum, limited $T9,99S.
The Amalgamated oil company will pay on Sep
tember 10 a bimonthly dividend of $4,000
Eighteen acres in section &c. Maricopa, have
been Sold or at least 9. 9.considerable deposit has
between $50, 900 and s37, ooo The principal man
among the buyers is w. s. Peard. Boston fnan-
cier who is interested in the Consolidated
Midway.
The Portland oil company has been organized
to take over and develop 40 acres in the Kern
river field. the northeast quarter of the south
west quarter of section 242S-27, on the west
front and half mile more beyond de-
yelopment The land is said to have been
proven by a test hole.
The company has agreed to pay $500 an
acre for the land. $3.50 in cash and $3.50 in
OIL to be taken from 90 per cent of the pro-
duction.
L. P. ST. Clair, president of the Producers
transportation company, says the transportation
company is making every effort possible to
handle the production of the Lakeyiew gusher
before the coming winter sets in. The com
pany's success in its endeavors will relieve a
great worry from the entire west side in
terests.
I'VE are handling 10000 barrels day and
we hope to have the big production cleared
up before the coming winter rains set i'm
said ST. Clair. II believe we will be successful
We running oil to the Kern river field
where we have obtained additional storage
The rumor that we are selling this oil to the
Associated is unfounded. The Associated had
some vacant storage and as we want much
storage we get, we took advantage of
the Associated's surplus and leased a 500 900
barrel reservoir -
A wire just received from the superintendent
of the Starlight in section 21-31-22 Midway
advises that the cementing of well No 1,
which is down 960 feet, and the baling out of
the same are both successful and now the
10 inch casing is being put in and drilling
through the cement will begin Friday the 26th