Los Angeles herald., 1910-05-22
OIL DIVIDENDS
TELL THE TALE
Disbursements by Small CaIifor-
mia Companies Reach Into
Millions of Dollars
BEST ANSWER TO D0UBTERS
LakevieW, Imperial, Empire and
Amazon Are Among Producers
That Will Pay This Month
BEST ANSWER TO D0UBTERS

Dividends tell the tale, and the ques-
tion sometimes asked as to how much
money can be made in oil outside large
companies is answered pretty clearly
in the following announcements of divi-
dends declared for payment this and
next month:
Tuesday the san Francisco stock ex-
change announced a dividend of $5
share on the capital stock of 100000
shares of the Imperial Oil company.
This dividend comes from the sale OF
the companys holdings in the Kern
river field, recently sold to an English
syndicate, and which the Thirty-Three
Oil company will share. The dividend
is No. So, and is payable to the stock
holders May 10.
The stock of the Imperial is largely
held by the Keith hMack-Guggenhei
interests. Just how much more of this
sale money is coming to the stock
holders has not been made public. Prior
to this dividend the Imperial had paid
$2,0OO,OO0 on a capitalization of $5OO,OOO
The ThirtyThree has paid $69O,OOO.
LAKEvIEW WILL PAY
The Lakeview Oil company of Mari
copa will pay a dividend in June, the
amount to be determined later. 1t is
in a position to disburse quite a large
sum, although it has just ordered the
expenditure of $125.000 for ten $4,000
barrel steel tanks, material for which
is arriving, as well as many other eX-
penses.
The company has produced close to
3,000,000 barrels of oil and has over
100000 in storage. 1t has been deliv-
ering about 10000 barrels day to the
agencies, and at the price paid in
March, 431a cents, it should have taken
in over 100000 that month, over $25O,O0O
in April. at the lowest possible esti-
mate, and as much in May. Thus 1t
should be in a position to pay large
sum and still have sufficient funds for
further development. Some of the di-
rectors, however, are conservative, and
desire to make the first dividend as
low as $4,000, and to hold the rest for
future work The capitalization is
100000, all of which is issued, and 81
per cent held by the Union.
AMAZON EARNS S276.491
The Amazon and Revenue oil COM
panies of Pasadena, both members of
the Independent Agency, Kern river
have paid dividends amounting to $685.
491. The Amazon is capitalized for
100000, and has paid S159,491; the last
dividend was 1a cent share, paid IN
February. At present there are 10000
barrels in storage. The company Is
owned entirely by PaSadenanS. Isaac
Bailey is president and R. H. Finney is
secretary. The corporation should not
be confounded with others of the same
name operated in the state.
The Revenues capitalization is $780,
900, and it has paid s116,999S9 in fifty
two dividends, the last on February 10,
amounting to 1 per cent. Today it
holds 25,O00 barrels in storage waiting
for the Agencies to market the oil. r.
H. Finney is president and A. K. Nash
secretary Among the leading stock
holders is Thomas Farley, mayor of
Pasadena. Neither company is listed
on any exchange.
FULLERTON IN FEW YEARS
The Fullerton Oil company, w. L.
Valentine manager, operating two
leases in the Brea canyon and Olinda
sections of the Fullerton field, has paid
$344,O00 in dividends in its ten years of
existence. It's present payments are
at the rate of 10 per cent quarterly,
amounting to 100000 each. They are
made in December, March, June and
September.
The Empire of San Francisco, operat-
ing on the south half of the northeast
quarter of section 80, 1915, Coalinga,
has declared it's first dividend of l per
cent, payable May 81. This is the COM
panv that a few months ago brought in
a well on what was formerly considered
the "break' between the east and west
sides of Coalinga. 1t is capitalized for
$500, 900, and the last quotations ranged
about S3