The San Francisco call., 1910-02-27
present time is said to be about $500
barrels.-Los Angeles Herald.
Sells for 100000

OiS VI Tic ldI SCSl Sdoi
this year was consummated February
between the Esperanza oil and gas
company and ]. Hayes Hammond,
dredgerman from Oroville on lie II me h. Gon1 DeId
as follows: Ten thousand dollars
down, 100000 in As days. $4,000 in 80
days and the balance. s144,00O, in hre
months.
The new management will take the
old name, and it is understood thal
Harvey Anderson will still be the SUI
The property consists of 10 acres,
being the southwest quarter of 6-20-lo
and is fine piece of land. They have
Los Angeles Herald.
Amber Oil
Yesterday said the we'll of the Amber
oil company in section 26 had been put
in shape and was flowing 400 barrels
day--Los Angeles Herald.
Silver Tip Dividend
At meeting of the directors of the
Silver Tip oil company at Coalinga the
fourth dividend of 10 cents a share was
declared payable February 25.
When the dividend checks are dis
tributed the company will have dis
bursed $4,000 among it's stock holders
in dividends A statement and report of
its work is being prepared for distribu-
tion among the stock holders. The IA
nous No. is still flowing acout z50
barrels a day. The second well is down
about 1,500 feet.-Los Angeles HeraLd
CoaIinga Royal
The Coalinga Royal oil company has
been formed to take over the interests
of the Edna Goodrich oil company
which was formed a short time ago TO
operate on the light oil sand above
the Home oil company on s-19-15.
While the company is not thoroughly
OrU3 niZnd II will he a StrnnU / Il,
Martin, capitalist of Los Angeles,
being chosen president; he and }: B.
McNab. Jeon Strong and Roy McCollun
constitute the board of directors.
The offices of the company will be
moved from Los Angeles to Coalinga
Bert Williams, man who has had a
great deal of experience in this field
will be the field superintendent
Angeles Herald.
S. p. Controls Associated
The Southern Pacific, which for some
time has held a controlling interest in
the Associated oil company, effected a
reorganization of the directorate of the
oil company last Friday and assumed
active control of the mana agement The
change was effected by the election Of
four new directors and election of Of
1cers of the company; The four new
cific interests to fill vacancies result
ing from designations are:
John c. kirkpatrick, manager of the
Palace hotel company, San Francisco;
r. P. Schwerin, vice president and gem
eral manager of the Pacific Mail steam
ship company; Rudolph Herold Jr., in
surance broker. and realty holder, and
legal department, San Francisco
Associated oil has 100000 shares of
stock. The corporation is the second
s50,000,000 and the Standard oil of Cali
fornia S25, 100000 of capital stock. To-
day Associated oil was quoted at $50 a
hr~ 1, De- g, Il
own 225,000 shares. for which it paid
total of sS,750,oOO. = Los Angeles
Herald.
Favors Producers Agency
Word comes from Bakersfield that
J. T. Yancey of Yancey, Bardsdall &
Drake, who own by location $4,000
an advocate Of the Independent pro-
ducers. and says that in all probability
the production of his company will be
turned into the agencies.
Nevada Petroleum Well
The No. we'll of the Nevada petro-
Ieum Ieui company, which ,o was brought in in
1t is $3.50 feet deep and is producing
from $50 feet of sand. The oil is the
same gravity as the American petro-
ing put on the pump the production
has been steady and free from sand.
The company has two wells, NO. l con-
tinuing TO do it's 200 barrels or more
daily.-Los Angeles Herald.
Union Sells Notes
1t is reported that the Union oil
company has sold the entire issue of
two year coupon debenture notes,
which were authorized last year at
about this time, to James II. Adams
& Co.
This issue covers the entire floating
Indebtedness of the company and
amounts TO S1,00O,000. The notes are
dated February 1, 1910, draw per
cent interest, run for two years and
are convertible into stock at s143 a
share.
This is the only direct indebtedness
in the nature of a bond of the Union
oil company. although the company ha
oil company. although the company
has underwritten and guaranteed 5,779
$1,000 bonds, which are distributed be-
tween the Mission transportation and
refining company the Union steamship
company, the Union transportation
company and the Producers transpor-
tation company.
The floating of these notes places
the company in fine shape financially.
Los Angeles Herald.