The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-05-29

although. 81 course. some Of tho un-
deriving wells come la with small pro-
duction.
The percentage Of we'll features In
Texas Ia remarkably low, and this has
been an Important factor la securing
a moro rapid development OF the Held
than In n other state where oil has
been discovered.
"The Texas failures FOR the first
quarter OF 1919 represented only ~
per cent OF the wells drilled, while the
supposedly proved aud consistent Ok
lahoma fields during h same period
showed 20 per cent dry holes and
Kansas showed 20 per ent In Texas
the average initial production Of wells
brought In during the FIRST quarter OF
1919 VAS fi6 barrels q day as COM
pared with iOi barrels In Oklahoma
and 81 barrels In kansaa.
Texas Is producing an average OF
a3l.bsO barrels OF OIL daily. or $4,000
barrels more than the combined rO-
ducion Of kansas and Oklahoma.
shortage OF OH serious.
IL is estimated that 2g.SGS. 900 bar
rcls Of domestic crude oil was com
Iumed In May OF this year: the pro-
duciion during tho same period was
30, 1888, 1000. or u deficit OF b29. GOO bar
rvls for one month. We also imported
and consumed, In the Hnmc month.
i,hTl,lIi barrels more than We ex-
ported. So II would seem there is no
prospect for the price OF Oh 10 be
decreased.
While tho production ~ increasing
rapidly. the demand Tor oil ana its
by products is increasing far more
speedily. Tho whole worid needs on.
Gold Is required only FOR ornament OF
as a means Of exchange. but the world
has to have petroleum 60 make the
wheels OF industry 10 round
Practically every large vessel that is
being launched h un oil burner. and
mover were so many ships beinE built.
Tens Of thousandf Of motor AIRS are
being sold throughout The civilized
lands, n without gasoline an OF
them arc Junk. The rue business
Is Just getting under Roadway. This
year. with its bumper crops will be
practically the birth OF the farm trac-
tor. Aerial transportation b. stili la
itH infancy. our merchant marine Is
now being btiildcd-all 10 burn oil.
All Of these gigantic Industries are
just beginning to clamor for oil and
more Oil-lubricants n fuel and IN.
various and aundry petroleum pro
ducts,
II O, the age III on.
OIL securities are tbs biggest terms
an Americas great financial circles
tusiaN. There ~ nothing ltk II. IN
1903 We produced iS3.200. 0cU barrels
ct oil in the United states. as COM
pared With 3tb. 800, 900 barrels IN 1918.
Wnllr tho price was Ringing in thai
time from q lew cents a barrel to
1900. now the standard priCc. bu,
men pIomifcs a still higher level Tor
the future,
The California gold rush. the Alas
Kan gold rush, Cripple Creek gold
field. ull pale beside this now oil cN-
element But u is not a boom for
n unA. every day the situation b. get
ting on "a more solid and conservative
hHHls. bll securities and ms estmcuts,
sanciN and Judiciously made. repre-
sent the very best investment oppor-
tuntties, whereby YOU can get the
maximum earning power Of your
money.
To the r,ch. we have nothing to say
they need no NOR" money, but To
the man OF mediocre means, tu tho
man who needs more ~ the ncCcsst-
ties Of life % a lew OF the luNurics-
~ is To- that man we would say q word.
VIII the mere savings from your la
hor mean %hnlucnCc ana position Tor
you; Will 10 mean even comfort Tor
old ago.
Ia this day Of high prices and tho
; depreciation OF the purchasing power
OF money. II bChoONts every ono OF us
10 30 place uur funds where they viii
earn the greatest profits consistent
with reasonable safety. Tan you afford
TO lend your money NJ from Z to u
I per cent, getting only the rental. Will.
tho fellow 10 whom you lend II re-
CctNcs Do earning power The same
Is true when YOU purchase securities
at q small rate Of Interest But when
you invest your money II will yield
you tho true muNimum power of your
money.
on Is making more money for more
people faster thar any other industry
In the world today. Would YOU sit
buck ana refrain from securing some
OF these profits and wonder why a few
people only make All the money. ana
you ave not your sharc2 II liz suCu
! hrsituncy and lack Of courage that
makes uf uH workers BolahcNists.
The oil business has assembled from
q game OF chance 10 one operated on
SCIENTIFIC principles. and where
most Of d hazard has been clint
mated by the efficient services OF IN
PERT GEOLOGISTS. who through
years at study and experiment.
KNOW, pretty well their ground Men
OF biz business, MI.N of BRAINS aud
WEALTH are turning their attention
10 pAlT-lh Ut UhA khNN tuuukN Tor uf
! HlsOF "a unyOn OF Intelligence
J deny that profits EXIST In on as NO.
: WHERE ELSE?
let II hc understood that We do not
sanction q mans gambling " he can
not afford to lose the money. Nor
does one need to gamble In the oil
game or In any other line, He can
put all his savings IN q small com.
pany. capitalized for only enough 10
drill one well, and that In wildcat ter
ritory, and lose II, und blanc no one
but himself, f1r that is not the way
10 make money iu the oil business.
Their" are Other companies that NAV
De- managed by Inexperienced mon.
With good Intentions. and still make
Il miluru Of u.
OF course II takes money and more
money to ontrr the OH business: n
mcnna D expenditure Of thousands
upon thousands 10 drill one well. aud
u man alone, unless he have much
money ana much experience, would
be- helpless,