The San Francisco call., 1910-08-21
Assessment Directory Comstock Mines
OIL STOCKS

Trading in the oil stocks light, usual
on Saturday. and fluctuations were few. Asso-
higher bid of sec for S. W. and B. New Penn
sylvania received lower bid of soc. Palmer
was steady at S1.4J.
Home oil vas ex dividend of &c yesterday
Mountain Girl paid dividend Of &c August 4.
Superintendent Herring of the Coalinga Mon
terey oil company has made report of the
that is being conducted by the company in the
Midway and conlinga fields. The Midway well
being made. The 121a inch casing is down
l,435 feet and 10 inch will be put in from
now 1t is expected that should nothing
unforeseen happen, this well will be completed
about October Il
The Coalinga well is down 1905 feet, with
excellent prospects.
The Penn Midway is down LOO feet in its
No. on the north half of the northeast quarter
of 1892 %. Midway. and has just spudded No.
in the southwest corner of this tract. and
but few yards from the Unions big well on
r. aoa eso bs On es the o5h fSs6 line milf
west of the Lakeview and just the line
from the gusher which the American oilfelds
brought in last week, the Sunset Monarch hit
the big sand at 2,270 feet. The result in
stantaneous-a column of oil and gas gas gushed
high into the air above the top of the derrick.
The well continued to flow for three hours.
during which it made about 1000 barrels of
oil. finally bridging over.
The British California oil company, limited,
at Coalinga has taken over the Wabash oil COM
pany property. the north so acres of the north
east quarter Of 14-10-14 : The Wabash has II
producing wells. which will give the new com
pany good production to start off with.
for the east half of the southeast quarter of
section 2s-S123. The land was bought from
Wilkes and kergan of the Wilkes Hayden -ker-
gan company. The deal has been pending for
'eyeral months. and the land is shown on some
maps as 81 the property Of the Caribou, but it was
law of the Pickett bill, that the transfer was
made.
News has reached visalia of the strike at
LAO feet In well No. of the Midway Valley
oil company section 12-24-31. in the Elk hills
The drill went into the oil sand Friday evening
though reliable sources. say that the well is a
800 barrel producer and the other that it is a
2.G00 barrel well. 1t drilled by Dave
Kinse. a well known Gilman. and IS in a rich
body of sand containing % gravity oil.
the Elk hills.
There are three $4,000 barrel steel storage
of the Producers, transportation company,
which will be completed within the next 80
days. The work of caring for the surplus oil
is progressing very satisfactorily.
The Bay City oil company is paving its divi-
dend No. of 10c share, making total of
$4,000 paid in dividends by this company to
date. The date of payment of dividends has
just been changed from the 10th to the 18th
of the month in order that the regular monthly
meeting on the second Thursday will always
precede the dividend date.
The directors of this company have decided
holders to change the number of shares and the
par value of same from 100000 shares of the
par value Of So EACH as il stands, 10
Goo shares at par value of 81 EACH and
have asked the stock holders to approve of
such amendment to the articles of incorpo-
ration.
The superintendent of the Merchants and
Bankers oil company reports that the lead pipe
of we'll 30. indicates daily production of
11O barrels Associated oil company experts
state that this is the largest producing well ever
brought in in the Kern river field.
Well No. 3 of the company will soon be
brought in; Phe derrick and rig. for well No,
are nearly ready to spud in. The water and
steam pipes are now all laid from the power
plant to different points on the property.