The San Francisco call., 1910-11-23
Assessment Directory Com.toc,x Mines
OIL STOCKS

The oil stocks continued quiet yesterday with
most OF the business in Consolidated Midway at
&c Palmer was firm at S1.40, and there was
higher bid of 81 for Maricopa at So. Stor-
age certificates sold at 36c
Ihe following oil companies have just levied
assessments: "a Hill oil company. cents per
share, delinquent December 13 sale date Janu-
ary 10 Los Angeles-Kern oil company, 3 cents
December 80. -oil Development company 81 80
December 80. Brooks oil company. 2h cents ner
share, delinquent December Il, sale date January
New Pennsylvania is deepening No in the
excellent The cs Gr e HooH
pumping an average of 300 barrels daily.
The Midway Premier oil company operating a
lease of 40 acres comprising the northwest quar-
ter OF the southwest quarter of section 1922
on the west the property of the Midway Five oil
company. has brought in a big WELL which gives
evidence OF being among the best in the north
Midway field. The well was brought in on the
18th and reports received from the field on the
18th indicated that it was still flowing
PRODUCERS transportation company has com
pleted reservoir No. north of the Edna field.
This reservoir has capacity of 100000 barrels
of oil and is constructed of solid concrete having
cost about $3.50, 900. No. has been used for
ing capacity of 900 barrels per hour.
The following circular has Just been sent
out to the stockholders of the Premier oil com
pany showing the status Of the option given to
the California consolidated oil company and the
future.
our stock on account of the Independent producers
sales agency not being able. to take the oil,
caused by the vast production of the big gushers.
These have generally fallen off to such an ex-
tent that conditions in the oil business are en-
tirely changed, and we now expect to begin to
move oil in few days and feel that we are
sumo dividends We estimate that that we e now owl have
on hand about 100000 barrels of oil. We have
just completed well No. % and it is very
fine well Sometime ago we gave the California
erty to net the stockholders at least $I35 per
share They have until February 1, 1911. to ex-
erelse the right of option Should they take the
receive upward of S1.35 per share and we, the
large stockholders and directors will receive the
same as the small stockholders and no more.
Los Alamos Petroleum company operating on
the Rossi tract adjoining the Ideal property in
the rate of about 200 barrels The oil is not
Tree from sediment as yet and owing to heavy
gas be dracfor r Is s. key to give some onbe
pany limited, held a meeting few days ago
and declared the first dividend on the common
The dividend is for the quarter ending De-
eember 81, 1910 and will amount TO 81 a share.
first disbursement the stock will ag-
gregate SOS, 600 Dividends at the same rate
VIII be paid quarterly hereafter on the common
stock. Dividends have been paid on the pre-
ferred stock for the last four years
The Coalinga Oil Record saws: There is
large amount of excitement here on account of
the showing of the Bohemian oil company. which
ma has 3, been drilling on the northwest quarter of
26-21-l5. Several parties made the trip to the
scene Of operations and brought back samples
of oil brought up by the baler through 1000 feet of
water. The samples showed oil of a lighter grade
than ever discovered in this field, being placed
by well Informed oil men at close to 40 gravity.
4 Of Oh igh Is o9[ 1iie thicker man % Mate e ana
neighborhood of 5000 feet deep
eating 10000 barrels Of oil day have been
signed by the Independent producers agency,
with almost as much more in sight This, taken
In connection with the business which the agency
will get through the Associated, places the or
ganization in the best position that 1t has been
is now delivering about 25 900 barrels of oil a
day. exclusive of that used for fuel at pumping
stations and on tank steamers.
Bakersfield paper says: with one more day
decrease in production Of e73.225 barrels. The
total production for the month was 6,057, ,166
barrels; consumption about 100000 or S5T 800
barrels less than production, whereas four
near bss exceeded by
The principal falling off in the big well
belt in the Sunset and Midway districts. due to
the natural decrease and the curtailment Of de-
veiopment work The Sunset (Maricopa) field,
less than the preceding month. In Midway,
where the American oilields had one well flow
ing 10000 day in September with. several
was a falling off of 445.5 .534 barrels Nc
Kittrick was 81. $40 barrels less than September.
Associated, which draws heavily from the field.
dropping the price of oil to 30 cents; Coalnga
was 1910 barrels more than the preceding
month, while Kern river, with 1888 wells on
the pump. shows gain of $3.50 barrels These
five FIVE districts Of the San Joaquin valley produce
hye-seyenths of all the oil in the state, and
the principal dependence for fuel OIL
Following the figures: Total San Joaquin
valley 4,4o7, $50 barrels southern fields 800 7Jo;
coast fields, T29,500; total all fields, 8 916's
The Fullerton district increased its output In
October about 10000 barrels as compared to the
previous month The total yield in September
was approximately 100000 barrels against $780,
600 barrels In October. The Union oil company
increased its production few thousand barrels
as did also the Industrial oil company. Petro-
others.
A total of 50 wells are drilling in the Fuller
ton district. Four rigs were up on the last day
OF October. indicating a slight increase in de-
veiopment work as compared to reports for the
pended.
The Petroleum development company has 45
wells producing and 10 strings of tools running.
SAN FRANCISCO STOCK EXCHANGE
Bid. Ask Bid. Ask
Apollo !. o. 1olNev Midway 4
rs