The San Francisco call., 1910-12-07
Assessment DIRECTORY Comstock Mines
OIL STOCKS

Palmer was again the active stock yesterday
and was steady at s1.6o@1.65 under long list
or sales. Monte Cristo also frmer al So. Co
Associated was easier at SAT down to SAG
The Unity oil company has levied an assess
ment OF 1Oc. w. F. Thorne, Los Angeles
GILMAN, has become largely interested in the I'm
ity company and has been elected a director in
place of Doctor Woods who resigned In his
favor. About 140 600 shares of the capital stock
have been issued and there remains sc, 600 shares
In the treasury. Owing to the lack of demand
for all oil stock at this time it deemed far
sell the treasury stock for development work and
payment on the land. Well No. 1 has been re-
is also pumping. No. has small leak in the
casing and 1t is now being recemented The
sump holes are all full of oil and the directors
decided to erect steel storage tank in case all
of the production can not be taken by the agency
All the new business taken by the Union indie
pendents and the Associated under the recent
agreement. is said to be at price that Will net
producers 80 cents at the well. The older men
IN the oil business do not expect that the price
will go far above this figure unless there Is an
appreclable falling off in the production, until
such time as the development Of the state creates
exists. '''-' ~"
The State oil company, which has contract to
supply the Associated oil company with as much
as $4,000 barrels of oil per month. Is shipping
at the rate Of $1,000 barrels per month, but the
expectation of the company is largely to exceed
this figure before long. The management intends
further to develop its property by drilling some
new wells, and in time to double its output
is now being redriIled. is to be perforated next
week and it's production increased to probably
80 barrels per day.
as far as known amount to S36, SOC, ,696.
The Visalia Midway oil company, composed
oer Of $500 600 m It's 50 acre holdings n t5e se
North Midway field, including two flowing wells
and third hole recently started. The names
OF the persons making the offer are not given
out, but they are known to be eastern capitalists
Among those prominently interested locally are
n Crnff aUd n limit
Fred Hall Of Bakersfield is one of the large
stock holders. President Smith. has denied the
property for 500. 900 to San Francisco parties
The sale is made by Fred Hall of an Individual
wavs prooaTsv nm The nrce mentioned Is eorrecf
The Visalia 1fidway's third we'll Is down 700
feet with prospects that it viii prove equally as
at the rate of 900 barrels day. No. 2 sanded
up recently, but has since resumed its fow
group of wells Immediately about the ia
nous Lakeview is now giving trouble. Sage No.
Ii, 1,300 feet west of the greatest gusher, be-
came agitated and blew the tools out smashing
sanded up. The Maricopa So well, just 400 feet
from the Lakeview. went on similar rampage.
This is the second eruption of these two wells
The blowouts occurred while both wells were
being deepened in hope of penetrating the actual
l.akeview sand, which has been eluding operators
ever since the great spouter came In as a marvel
of the world Sage No. 8. which came In a
gusher. also within 400 feet Of the Lakeview,
and was going at great rate with the gate
open. has sanded up and is now quiescent
All hope of controlling the big Midway Premier
gusher in section 1929 has been given up by
the company. The spouter is throwing out 10,0 900
to $4,000 barrels of light oil per day with so
much gas that 1t is impossible for anyone to
come within 100 feet of the well A piece OF
oil from spouting too high into the air. but moth
ing else can be done beyond taking care Of the
flow in sump holes. The stock holders of this
company according to report. are 70 be made
Christmas present Of a dividend, though the
well is but is days old. Sales Of over 100000
barrels of the output have already been made