The San Francisco call., 1910-03-06
San Francisco
The Undaunted

It is doubtful If history can show
Il another example of pluck and en-
4 eIgE such as this city has shown in
the last three years in its recovery
from tie devastation wrought by
the Cata StrOphe that overlook It and
ralyZed. temporarily Al least, its
widespread business activities
To one who saw the city prac-
tica Ily i'm ashes il seems incredible
that SO much in the way of rebuild
ing could have been accomplished
In SO short a time.
t. IS simply another example of
the uudaUnted spirit that has made
san Francisco the metropolis and
financial center of the great far
west. the spirit Of progress and
business enterprise that viii enable
The city To retain and increase her
y -ise as the city Of the Pacific
despite the efforts Of her
ia tne same manner that she has
drawn hither and centered in her
self not only the commercial activi-
ties Of this part of the country, but
The great bulk of the business in
stocks. bonds and kindred securi-
Ties san Francisco is now drawing
to. herself the greater portion Of
the wealth coming from the oil
il is To this city that the opera
tors In the oil fields are turning for
The necessary capital to develop
operations and as more and more
San Francisco capital is invested in
OH properties and oil companies the
greater the demand by the public
i fer the securities created by such
/. IlF estments.
The natural result of all this will
be TO make san Francisco the mar
ket center Tor oil shares as it is for
other securities. and, in fact. the
4 trend Is already in that direction
and tIe business done in this class
rt securities has reached large pro-
portions not only in the listed oil
stocks, but in those OF newer COM
panies not yet listed.
The following is an excerpt from
u financial letter recently issued by
one Of the large national banks of
this city.
one industry in California
whose Importance is not always
appreciated IS that Of oil AS
illustrative Of the magnitude of
operations. il js stated that the
Coalinga field alone contains 5s4
productive wells, whose total
output ia 1903 was more than
fifteen million barrels. In 1897
the output in this field was only
SO.140 barrels. and in 1 903 it was
2,13S. 900 barrels. II is estimated
rnat the oil Weld i'm California
for 1910 win be sixty million
B. barrels. The demand for Cali
fornis petroleum for consump-
tlon at home and shipment
abroad exceeds the supply and
new territory is being developed
ia every field in the state Oil
today is the most important and
valuable Of CalifOrnia'S mineral
industries. and its contribution
10 the wealth of the state be
comes increasingly large year
by year"
II proves concIusively that the oil
Industry Of the State has reached
grrDof-flGUE that comm end II Ia
j 5St conservative.
il win be noted that the para
graph quoted mentions most partic-
ularlv the Coalinga field.
The $50 acres of the Premier is in
the heart of the most productive
portion Of that great field. 1t is
absolutely proven by the wells on
the property itself and by the wells
on the property surrounding it. It
has producing wells on the West
line and on the East line. with
half-mile OF intervening ground on
which to sink other wells. and. on
anywhere and get oil, and big
production Of oil, for the sands un-
derlie every foot Of the 100 acres.
The twelfth well is in on Premier
and producing IT is too new to be
doing it's best. but viii undoubtedly
raise the monthly production TO at
least $4,000 barrels.
With production OF s. 900 barrels
monthly the net earnings would be
over 100000 per year. allowing div
idends Of per cent Der month and
leaving a surplus OF over 100000
tn the treasury. As the production
viii probably be doubled by the end
0f the year much larger dividends
are assured
The more YOU know about Premier
the more attractive the stock is a s
an investment We have said much
about Premier as an investment: we
could have said more and still be on
q 1 conservative side
Premier s. al that we claim=and
more. VIII 90 all that we have said
and more. Buy Premier for in
zestment. j is worth $500 per
share today on the present earning
ceracity and is a buy at anything
under that price.