The San Francisco call., 1910-10-14
Assessment Directory Comstock Mines
OIL STOCKS

The feature of oil stocks yesterday was the
advance in Republic from SOC to SAC under sales
due to wire received from Coalinga to the
effect that while baing out well No. 1 to test
the top sand the gas pressure blew out quanti-
ties of oil and water. and for time it threat
ened TO develop into g1Isher Work was imme-
diately suspended and gate valve will be in
stalled to keep the well under control. The
yet been penetrated
Brookshire was higher at s13o and Palmer
|. Paraffne was ex dividend of 1c in the board
yesterday, the dividend being payable Octo-
Der Is.
The directors OF the Lakeview oil company,
owning the famous gusher in the Maricopa field,
have decided to increase the capitalization from
500, 600 to $2,5o0,O0o. This action has been
ratified by the stock holders and the certificate
of increase has been fled with the secretary
to facilitate trading in the shares after listing
on the stock exchanges, this action to be taken
stock at the present is about s25 per share, and
under the terms of the increase in capitaliza-
tion the exchange will be 25 shares Of par
value of 81 each for each share now outstanding.
Hale-McLeod oil company sections and
s-32-2S, Midway. delivered about 10000 barrels
No in section is flowing under agitation
and is probably averaging somewhere between
200 ,,a and l.aOo,l 400 barrels ar Is, per day o,
ports from Wasco. has secured approximately
$4,000 acres of land on the west side of the
from Semitropic to Devils Den and Annette. and
is preparing to begin extensive development
work. The company has received at Wasco i've
carloads of drilling materials, which are being
hauled to the west side. The Associated's land
is south of the strike of the Lake Shore oil
company.
American oil fields company Midway field. is
devoting efforts more particularly to the saving
of the oil from producing wells. rather than
in section 36-31-22 is about IA 500 barrels per
day, well No 79 being responsible for IA. 600
tributing the balance. On this section two
wells are sanded up and five are shut in. 1t Is
expected that the two 100000 barrel cement
days or two weeks thereby providing much
needed storage to take of the oil from
completed wells.
The Buick oil company. operating on section
being The failure TO get a water supply
stopped the work of the company several weeks
ago and 1T has not yet been resumed.
Since the trouble between the minority stock
holders of the Claremont and the Union over
the contract has been settled, Claremont has
increased its production from S.296 barrels in
August. to 22,66s barrels in September, and
its deliveries from s.5Ss barrels in July to
43 9S2 in September.
A Bakersfield paper says that. according to
reliable authority. the Standard on Thursday
gravity or over. daily runs contract.
1t is said the offer was not made any
special conditions.
About two weeks ago the X. 7. and o.
brought In well No. 81 on section 31-20-15 with
a production of about 800 barrels per day. Since
that time the we'll has continued flowing and
gradually increasing until it has reached a
capacity of a daily production Of 1000 barrels.
The we'll was finished at 23OO feet in 6%
inch casing and is one of the best producers
in the west side. At time has. any of the
time it first commenced to flow, and the entire
output is being cared for.