anaheim-gazette 1919-01-02

LARGE INCREASE IN IMPORTANT INDUSTRY CALIFORNIA WELLS YIELDED AL-MOST HALF BILLION DOLLARS IN OIL IN NINE YEARS PROVEN TERRITORY ENLARGED AND NEW WELLS BEING CONSTANTLY ADDED The stability of the oil business in California is not as well recognized as the facts warrant. Popular misconception probably arises from the fact that the most hazardous feature of the business, that is, "wild-catting" or prospecting, is spectacular, makes excellent advertising copy, and therefore attracts widespread attention. It should be more generally understood that there is a large acreage of proved oil land in the state upon which operations are constantly carried on with fairly uniform financial results. Figures compiled by State Oil and Gas Supervisor R. P. McLaughlin from publications and records of the State Mining Bureau show that during the last four years the acreage of proved oil land has increased by 20 per cent, or to a total of 87,280 acres. The number of producing wells has also increased by 10 per cent during the same period. It is, therefore, clear that there still remains a large margin of undrilled but proved oil land. Remarkable uniformity of results is shown by comparison of the total marshlands sold of the largest oil producers in the state have operated along such lines. This condition is clearly and definitely brought out by facts collected by the engineering staff of the State Mining Bureau during the past year in the testing of water shut-off at new wells. The average efficiency of the small concerns in this very important operation was 91 per cent while that of the large concerns was only 80 per cent. In fact only one large scale operator, the Shell Company of California, showed results equalling or excelling the average figure for the small companies; and one of the very largest producers, the Standard Oil Company, actually showed an efficiency of only 71 per cent. One of the principal accomplishments of the State Mining Bureau during the past three years has been the introduction of up-to-date engineering methods into the operating organizations of many of the producing companies. Only two or three large companies still attempt to develop their lands by rule-of-thumb methods and empower their legal departments to resist the recommendations and regulations provided by the state law, which are based on careful engineering investigations. A comparison of the present ownership of proved oil lands with that of four years ago, still shows that there is no monopoly, although 65 per cent of the lands are held by only nine companies, and 72 per cent of the oil is produced by them. The total oil production for the year 1918 will probably be about 100,000,000 barrels, which will exceed the figure for all past years except 1914. The total value of the oil at the wells will probably be $123,000,000, an amount far in excess of any previous year. In the early part of the year, it will be remembered that there were frequent panicky and pessimistic state conditions. Newport trustees have money will be needed channel, and the vote Beach will be asked metately $50,000 adding the channel from street to the entrance the $50,000 was voted that the sand could b cents a yard, but the and in fact the $50,000 be of material benefit sufficient channel to t Pathetic indeed isquent sight, in the wem, of tiny children clad only in grotesc army shirts, worn to the waist and fastening the neck. The shirts eral Allenby's armies carded by the "Tommy fit for use. To meet for warm garments vow of winter, the American distributing thousandments to the desolate region. Needy beployed in the work advantage being thus stricken people. The state motor vehicle is in receipt of a copy from the Standard California. This covers the 970 vehicles operatin california in California. The biggest contribu treasury in this resp more motor vehicles corporation in the sta The American tro fighting in France to German prisoners fo captured by the e Remarkable uniformity of results is shown by comparison of the total market of oil with the total amounts paid out as dividends. During the past nine years the total market value of oil at the well has amounted to $436,474,667, while dividends have been paid by both producing and marketing concerns amounting to $177,046,572, or about 40 per cent of the total value. The large amounts of oil produced and consumed directly by railroad companies enter into the figures for total market value, but do not appear with the dividends. The total capitalization of all oil companies considered, numbering 294, is $292,314,595, and the dividends in 1917 were at the rate of 16.9 per cent. The capitalization of the smaller and purely producing companies is $123,-433,008, and the 1917 dividend rate was 6.9 per cent. The added profits attending marketing and refining are therefore considerable. The smaller companies which merely produce oil and sell it in a crude state, at the wells, have paid out $48,-309,177 in dividends since 1909, which is about 27 per cent of the total dividends. These smaller companies at present produce about 28 per cent of the total oil, and own or control about 35 per cent of the proved acreage. While it is true that the larger companies are constantly enlarging their holdings, by purchase from smaller concerns, there has also been a constant increase in the number of small companies paying dividends. In 1909 there were 65 such companies, and in 1917 there were 129. The average price of crude oil bears a fairly constant relation to the amounts paid out as dividends. From 1909 until 1917, inclusive, the average value of crude oil was slightly over 55 cents per barrel, while the total dividends have averaged about 22 cents per barrel of total production. Throughout that period prices have fluctuated between the limits of 48 cents and 91 cents, but the total dividends have each year been at a rate of about 33 cents per barrel less than the average market price. In the early part of the year, it will be remembered that there were frequent panicky and pessimistic statements relative to decreasing stocks of oil, together with various special pleas for the removal of various governmental regulations and restrictions. The State Mining Bureau each week regularly furnishes the public, through newspapers, with complete statements of oil field activity together with such general information as the facts justify. During the past year these statements have pointed out that production was increasing, or at least holding its own, in the face of decreased field activity, and that decrease of stored oil was due to increased industrial activity. There is not an unlimited supply of oil, and industrial demands for power can not always be met with oil. The spirit of co-operation, manifested by a majority of the oil operators, towards the protective and regulative work of the State Mining Bureau indicates that in the next few years oil field operations will be brought to a high standard of efficiency. Inquiries received by the State Mining Bureau from widely separated localities, both within and outside of the state, requesting detailed information and publications, indicate a keen, yet conservative interest in the financial condition of the oil industry. THE WICKEDEST CITY Hopewell, Virginia, the "wickedest city," which arose out of nothing like a town of the Klondike three and a half years ago, has died a sudden death. The great powder mills of the Du Ponts, which provided sinews of war, are being dismantled. Forty thousand inhabitants of the town have begun an exodus. In a few months the cornfields from which the town sprang will be restored. Only stories of the great fires of unbelievable vice and pistol duels will survive. The E. I. Du Pont de Nemours Powder Company built a $75,000,000 powder plant and Hopewell grew up with the lands are held by only nine companies, and 72 per cent of the oil is produced by them. The total oil production for the year 1918 will probably be about 100,000,000 barrels, which will exceed the figure for all past years except 1914. The total value of the oil at the wells will probably be $123,000,000, an amount far in excess of any previous year. In the early part of the year, it will be remembered that there were frequent panicky and pessimistic statements relative to decreasing stocks of oil, together with various special pleas for the removal of various governmental regulations and restrictions. The State Mining Bureau each week regularly furnishes the public, through newspapers, with complete statements of oil field activity together with such general information as the facts justify. During the past year these statements have pointed out that production was increasing, or at least holding its own, in the face of decreased field activity, and that decrease of stored oil was due to increased industrial activity. There is not an unlimited supply of oil, and industrial demands for power can not always be met with oil. The spirit of co-operation, manifested by a majority of the oil operators, towards the protective and regulative work of the State Mining Bureau indicates that in the next few years oil field operations will be brought to a high standard of efficiency. Inquiries received by the State Mining Bureau from widely separated localities, both within and outside of the state, requesting detailed information and publications, indicate a keen, yet conservative interest in the financial condition of the oil industry. THE WICKEDEST CITY Hopewell, Virginia, the "wickedest city," which arose out of nothing like a town of the Klondike three and a half years ago, has died a sudden death. The great powder mills of the Du Ponts, which provided sinews of war, are being dismantled. Forty thousand inhabitants of the town have begun an exodus. In a few months the cornfields from which the town sprang will be restored. Only stories of the great fires of unbelievable vice and pistol duels will survive. The E. I. Du Pont de Nemours Powder Company built a $75,000,000 powder plant and Hopewell grew up with the lands are held by only nine companies, and 72 per cent of the oil is produced by them. The total oil production for the year 1918 will probably be about 100,000,000 barrels, which will exceed the figure for all past years except 1914. The total value of the oil at the wells will probably be $123,000,000, an amount far in excess of any previous year. In the early part of the year, it will be remembered that there were frequent panicky and pessimistic statements relative to decreasing stocks of oil, together with various special pleas for the removal of various governmental regulations and restrictions. The State Mining Bureau each week regularly furnishes the public, through newspapers, with complete statements of oil field activity together with such general information as the facts justify. During the past year these statements have pointed out that production was increasing, or at least holding its own, in the face of decreased field activity, and that decrease of stored oil was due to increased industrial activity. There is not an unlimited supply of oil, and industrial demands for power can not always be met with oil. The spirit of co-operation, manifested by a majority of the油 operators towards the protective and regulative work of the State Mining Bureau indicates that in the next few years oil field operations will be brought to a high standard of efficiency. Inquiries received by the State Mining Bureau from widely separated localities, both within and outside of the state, requesting detailed information and publications, indicate a keen, yet conservative interest in the financial condition of the oil industry. THE WICKEDEST CITY Hopewell, Virginia, the "wickedest city," which arose out of nothing like a town of the Klondike three and a half years ago, has died a sudden death. The great powder mills of the Du Ponts, which provided sinews of war, are being dismantled. Forty thousand inhabitants of the town have begun an exodus. In a few months the cornfields from which the town sprang will be restored. Only stories of the great fires of unbelievable vice and pistol duels will survive. The E. I. Du Pont de Nemours Powder Company built a $75,000,000 powder plant and Hopewell grew up with the lands are held by only nine companies, and 72 per cent of the oil is produced by them. The total oil production for the year 1918 will probably be about 100,000,000 barrels, which will exceed the figure for all past years except 1914. The total value of the oil at the wells will probably be $123,000,000, an amount far in excess of any previous year. In the early part of the year, it will be remembered that there were frequent panicky and pessimistic statements relative to decreasing stocks of oil, together with various special pleas for the removal of various governmental regulations and restrictions. The State Mining Bureau each week regularly furnishes the public; through newspapers, with complete statements of oil field activity together with such general information as the facts justify. During the past year these statements have pointed out that production was increasing, or at least holding its own, in the face of decreased field activity, and that decrease of stored oil was due to increased industrial activity. There is not an unlimited supply of oil, and industrial demands for power can not always be met with oil. The spirit of co-operation manifested by a majority of the油 operators towards the protective and regulative work of the State Mining Bureau indicates that in the next few years oil field operations will be brought to a high standard of efficiency. Inquiries received by the State Mining Bureau from widely separated localities, both within and outside ofthe state requesting detailed information and publications indicate a keen yet conservative interest inthe financial conditionoftheoilindustry. RUSSIA'S WAR The Russian war is 150,000 men; according to Petroboris 1,700,000 were killed while 3,500,000 other wounded. The Russian total is 2,500,000. Estimatesoftheinwarmadelastsiianinformationburskia York The average prices, shown by statistics of past operations, are with difficulty compared with pulished quotations which vary with the gravity of oil, and are also subject to frequent change. However, the quittations of the Standard Oil Company for 24 gravity oil from the San Joaquin fields appear to have closely followed the average market price. It would, of course, be well to determine the factors which control the market quotations. Such a problem is complex, but it will be noted that during the past four years the quotations of the Standard Oil Company have reacted in a fairly uniform manner, and, inversely, with the amount of oil actually reported as in storage. The fact that the general public has not thoroughly recognized the stability of the California oil industry is no doubt due, to a very considerable extent, to the fact that many large operators have had too limited a view of the value of their own oil land assets. Men who have been successful in finding new oil fields frequently do not concern themselves with the later details of development. The idea has been too prevalent that profits must be quickly seized, regardless of the ultimate value of the property, and in many instances properties have been injured by careless operations. The great powder mills of the Du Ponts, which provided sinews of war, are being dismantled. Forty thousand inhabitants of the town have begun an exodus. In a few months the cornfields from which the town sprang will be restored. Only stories of the great fires of unbelievable vice and pistol duels will survive. The E. I. Du Pont de Nemours Powder Company built a $75,000,000 powder plant and Hopewell grew up with it in a few months. Destroyed by fire once, it was rebuilt. Cornfields sold for $20,000 an acre. Dance halls, gambling rooms and saloons brought desperate men into the town. Revolvers were a part of every man's equipment. A woman did not dare go on the streets unescorted. The old strong arm law of the Wild West days prevailed. And now the inhabitants are scattering to the four corners of the country. LOGAN BLACKBERRY FAVORED The Logan blackberry, or Loganberry, formerly thought to be a hybrid between a blackberry and a red raspberry, is now considered a variety of the Pacific Coast species of trailing blackberry, according to Farmers' Bulletin 998, recently published by the United States Department of Agriculture. Because of the different uses to which the Logan blackberry is adapted, its culture has rapidly assumed importance in California, Oregon, and Washington. Large quantities are marketed in the fresh state and they are used extensively in the production of a non-alcoholic beverage, in making jams and jellies, and in the canning industry. Their culture, as well as the culture of related varieties, are discussed in the bulletin. PROSECUTION Greater food produced the manufacture and funneling of Insecticide and United States Depot, has been increased protect the farmer, and ANAHEIM GAZETTE BRIEF NOTES Newport trustees have decided more money will be needed to complete the channel, and the voters of Newport Beach will be asked to vote approximately $50,000 additional for completing the channel from Twenty-fourth street to the entrance. At the time the $50,000 was voted it was estimated that the sand could be removed at 12 cents a yard, but the price is 20 cents, and in fact the $50,000 voted will not be of material benefit unless there is sufficient channel to the ocean waters. Pathetic indeed is the not infrequent sight, in the vicinity of Jerusalem, of tiny children toddling about clad only in grotesquely large gray army shirts, worn to tatters, bolted at the waist and fastened by a button at the neck. The shirts are relics of General Allenby's armies, having been discarded by the "Tommies" as no longer fit for use. To meet the great need for warm garments with the advance of winter, the American Red Cross is distributing thousands of these garments to the desolate inhabitants of the region. Needy women are employed in the workrooms, a two-fold advantage being thus afforded the stricken people. The state motor vehicle department is in receipt of a check for $17,000 from the Standard Oil Company of California. This covers license fees on the 970 vehicles operated by that concern in California. The Standard is the biggest contributor to the state treasury in this respect. It operates more motor vehicles than any other corporation in the state. The American troops in all their fighting in France took more than 21 German prisoners for every American captured by the enemy. The total raiser against fraud in connection with such preparations. The record for the fiscal year ending June 30 last shows that 132 cases of alleged violations of interstate law were reported to the solicitor of the department, with recommendations that the facts be transmitted to the Attorney General to institute criminal action or seizure proceedings. By correspondence with the manufacturer 185 cases involving technical or non-flagrant violations were disposed of. Also action was taken by the board to place in abeyance 726 samples of insecticides and fungicides which, upon examination and test, were found not adulterated or misbranded or were from shipments of the same goods made prior to shipments for which the manufacturer had been convicted, the manufacturer after citation conforming to the requirements of the law. On June 30, 1918, 55 cases were awaiting preliminary hearings or before the board for final action, 217 were held in temporary abeyance pending the receipt of further information, the outcome of prosecutions based on the same product or correspondence with the manufacturers, and 325 samples were undergoing analysis and test. The inspectors and sample collectors of the board, operating throughout the United States, collected 748 samples during the year. BRACE WILL CASE UNDER CONSIDERATION Complicated Affair Will Be Straightened Out by Judge West Friday morning Judge West took under advisement a will contest that involves many baffling features and points of law, and upon the decision will rest the distribution of property worth $11,000. The contest is over the will of Mrs. Belle W. Brace, who died at Anaheim three years ago fol- Agricultural Department... 58,200,000 War Department... 2,556,000,000 Navy Department... 2,600,000,000 Department of Commerce... 39,300,000 Department of Labor... 26,700,000 Department of Justice... 14,100,000 Federal Courts... 1,410,000 Consular Service... 11,900,000 Pensions... 220,000,000 Census... 20,000,000 Tariff Commission (Why?) 400,000 (This is twice as much as the appropriation of last year.) War Trade Board... 2,400,000 War Industries Board... 1,000,000 Food Administration... 12,000,000 Fuel Administration... 1,500,000 Allowances to soldiers and sailors... 120,000,000 Shipping Board... 500,000,000 These sums are enough to make the ordinary citizen fairly gasp. Is there any doubt that an era of economy must begin right away? POINTERS Secretary Burleson is going to reduce the price of telephone messages filed after midnight 75 per cent. Pretty soft for the rounders who telephone their wives they are unavoidably detained and can't get home until morning. But how about us strictly married guys who go to bed every night before eight o'clock? Paris has discovered Wilson can smile, says a cablegram. Why did they think the election took it all out of him? It is reported the Crown Prince kissed a Dutch modiste and was nearly mobbed. Reminding us of an old song: "If he could fight like he could love what a soldier he might have been." The American troops in all their fighting in France took more than 21 German prisoners for every American captured by the enemy. The total number of Germans captured by the Americans is 44,934, not including prisoners made during the last few days of hostilities in Belgium, of which no tabulation has yet been made. The number of American soldiers in German hands at the time of the armistice, as reported to the military attack of the American legation in Switzerland as of October 15, was 2082. Of the German prisoners 682 are officers and 44,252 enlisted men, while the American captured, according to the latest returns received by the A.G.O., A.E.F., were 209 officers and 1873 men. Adopting the report and recommendation of W.L. Stephens, superintendent of the Long Beach public schools, the board of education has decided upon the manner in which that city will make up the time lost as the result of the enforced vacation on account of the influenza epidemic. Thirty minutes will be added on the length of the high school day for the remainder of the term, while the elementary schools will be continued an extra two weeks and will be dismissed June 20, on the same date as the high school, instead of letting out June 6, as previously planned. The law prohibits the lengthening of the first and second grade periods of elementary schools, it was brought out at the meeting, so that rule was applied only to the high school. RUSSIA'S WAR LOSSES The Russian war casualties total 9,150,000 men, according to a telegram received from Petrograd. Of this number 1,700,000 were killed. The disabled men number 1,460,000, while 3,500,000 other soldiers were wounded. The Russians taken prisoner total 2,500,000. Estimates of the Russian casualties in the war, made last week by the Russian information bureau director, A.J. Sack in New York figured the total from the Standard Oil Company of California. This covers license fees on the 970 vehicles operated by that concern in California. The Standard is the biggest contributor to the state treasury in this respect. It operates more motor vehicles than any other corporation in the state. BRACE WILL CASE UNDER CONSIDERATION Complicated Affair Will Be Straightened Out by Judge West Friday morning Judge West took under advisement a will contest that involves many baffling features and points of law, and upon the decision will rest the distribution of property worth $11,000. The contest is over the will of Mrs. Belle W. Brace, who died at Anaheim three years ago following an injury that she received when she stepped from an automobile in which she had asked a ride. If either of two wills made by Mrs. Brace is upheld, J.Clyde Williams, of Anaheim, will share in the estate. If neither holds good, Williams will get no part of the estate. Mrs. Brace was the widow of W.F. Brace, one of the best known poultry judges in America. When Mr. and Mrs. Brace lived at Canadaigua, N.Y., a will was made under which a number of bequests were made, the remainder of the estate to go to J.C. Williams, a friend and partner of Mr. Brace. After Mr. and Mrs. Brace moved to Anaheim and built a residence at the first turn south of Fullerton, on January 29, 1914, each made a will witnessed by Williams and a Mr. Carson, leaving $500 to a church at Victor, N.Y., the remainder to go to the other, or, in case the other was dead, to Williams. After her husband died Williams alleges that Mrs. Brace cut her own signature from her will and her husband's from his. Those documents, with names cut out, are among the papers filed in the contest. Soon after Mrs. Brace died, letters were issued to Public Administrator Winbigler under the first will. It was declared at that time that the last will had been revoked by Mrs. Brace by the fact that she cut her name off of it. A few months ago, other relatives of the Braces employed Attorney S.M.Davis to endeavor to secure a distribution of the estate free from the conditions of either will. In securing the letters for Winbigler under the first will, Williams, one of the witnesses for the second will, testified that the witnesses and Mrs.Brace did not sign their names all in the presence of each other, which is required to make a will valid. He thus contends that the second will was invalid. Ralph H.Walling of Rochester,N.Y., a cousin of Mrs.Brace, alleges that the second will was valid. By Paris has discovered Wilson can smile, says a cablegram. Why, did they think the election took it all out of him? It is reported the Crown Prince kissed a Dutch modiste and was nearly mobbed. Reminding us of an old song,"If he could fight like he could love what a soldier he might have been." Tom Taggart says that the Democrats in Indiana will come back.. Well they certainly have a long way to come. "If he drinks nothing but water it is perhaps well," says a French writer in a character sketch of President Wilson. Perhaps not. Everybody in Washington uses the hydrant. Up to this time the collapse of Germany has been attributed to everything but the crime of '73. But everybody admits the Yanks helped. How about this punishment for the Kaiser: Make him sit in a crowded movie theater for life and watch one of those lurid eight reel dramas of the "Bruiser of Berlin." The Americans have occupied Ehrenbreitstein. We don't know anything about it but we would bet two to one it's not a dry town. Russian bolsheviks claim flu germs are being spread to kill the workers. Well, that wouldn't touch the bolsheviks anyhow. An Ohio judge granted a woman a divorce while her husband was out of the courtroom to get a drink. Moral: Always ask the judge to go with you. Latest Paris fashions show women's skirts twenty-nine inches long, which may be enough to break up the peace conference. Doctors say that kissing spreads the influenza—which may be another reason why you should wear a mask. Our idea of useless occupations is picking a Democratic candidate for President for 1920. How much do you suppose the Kaiser would give to be able to wake up some morning and find that it was owning its product, or its milk stock in it? "My insult Company has done it in response to the most Tungsten The Atolite of this great main has just depth of cal and that he lives bodies ecology Mining Another been developed immediately." "After this price cline to sell become special to last five yr cungsten age annual unit, or ore or co-containing is worth meillurgery How many throughout ore which..." The Russian war casualties total 9,150,000 men, according to a telegram received from Petrograd. Of this number 1,700,000 were killed. The disabled men number 1,460,000, while 3,500,000 other soldiers were wounded. The Russians taken prisoner total 2,500,000. Estimates of the Russian casualties in the war, made last week by the Russian information bureau director, A.J. Sack, in New York, figured the total at not less than 8,000,000, of which 3,000,000 were killed and about 1,000,000 disabled for life. Figures compiled by the Cologne Gazette and published November 25, placed the total German casualties at more than 6,000,000. Of this number, it was estimated that about 2,000,000 were killed. The French soldiers killed in the war, according to a statement made in the French Chamber of Deputies on December 20, by Lucien Vollin, a Socialist Deputy, number 1,400,000. Italy lost 500,000 men killed or died of wounds. A statement to this effect was made in Paris, December 21, by Salvatore Barzilai, a former member of the Italian Cabinet, who accompanied King Victor Emmanuel on his visit to the French capital. The British army official losses in killed totaled 658,704. PROSECUTION OF FRAUDS Greater food production having stimulated the manufacture of many new insecticide and fungicide preparations, the Insecticide and Fungicide Board, United States Department of Agriculture, has been increasing its efforts to protect the farmer, fruit grower, market gardener, and stock and poultry. In securing the letters for Winbiger under the first will, Williams, one of the witnesses for the second will, testified that the witnesses and Mrs. Brace did not sign their names all in the presence of each other, which is required to make a will valid. He thus contended that the second will was invalid. Ralph H. Walling of Rochester, N.Y., a cousin of Mrs. Brace, alleges that the second will was valid. By writing that will Mrs. Brace set aside the one written in New York, and when she cut her name off from the second will she purposely invalidated the second will, but did not re-establish the first will. Walling takes the ground that the estate must be distributed to heirs of Mrs. Brace, and that Williams will get nothing. FEDERAL GOVERNMENT EXPENSES People have been accustomed to read about billions; in fact they now think only in billions. The expenses of government have increased so enormously that the public is unable to keep track of them. The estimated expenses of the Federal Government for the year beginning July 1st next, will be about $7,500,000,000. This, however, is a letting down from the $13,700,000,000 this year. Here are some of the amounts asked for, for the next fiscal year: Congress, salaries, etc... $17,955,000 The President and his many bureaus ... 5,900,000 State Department ... 12,700,000 Treasury Department ... 1,400,000 Customs' Administration ... 11,300,000 Panama Canal ... 12,200,000 Interior Department ... 270,200,000 Doctors say that kissing spreads the influenza—which may be another reason why you should wear a mask. Our idea of useless occupations is picking a Democratic candidate for President for 1929. How much do you suppose the Kaiser would give to be able to wake up some morning and find that it was still July, 1914? Allied diplomats want Germany's African colonies because the blacks have never been given any voice in the government. Here's hoping they don't try to grab off our solid south for the same reason. TUNGSTEN STILL IN DEMAND Tungsten is one of the great minerals of California that will continue in its own peace times just as it has proven to be indispensable in war times. Mr. H. E. Davis, one of the best known mining engineers of Los Angeles, has just inspected the Atolia mine,and says: "At this time the company is milling an average of 80 tons of ore per day,and while actual figures are not available,gross income is estimated at $1-1 million per month,而 actual mining,milling and marketing expense can hardly be figured as exceeding $200-45 million per month." "Tungsten of the quality produced by Atolla is now worth about $30.oo per unit where the ore or concentrates contains 7o per cent or better tungatic acid or,tobe non-technical,tungsten.A 'unit' is 1 per cent of one ton, Construction is now industry satisfactory." PAGE THREE whether the 'short' or the 'long' ton be designated. In the case of tungsten, a 'unit' is 1 per cent of 2000 pounds, or 20 pounds. Ore containing 70 per cent tungsten thus contains 1400 pounds of tungsten. In my figures I have used a market price of $20 per unit of tungsten, or $1.00 per pound for the actual tungsten contained in the ore. "Although no official figures as to profits, financial or ore reserves are obtainable from the company, an idea of the manner in which it is regarded by its owners—who have the best engineering advice the country can afford—is given by the fact that the last stock transfer known of is reported to have been on the basis of $1100 per share. There are 100,000 shares is sued. "As to ore reserves, there are millions in sight, hundreds of tons of which can be shipped as mined, as concentration can make them but little purer than they are at present. Much of this ore is worth $900 per ton, figuring tungsten at but $15.00 per unit. At actual present prices of $30.00 per unit it is worth $1800 per ton. Where else in the world exists a mine with any sizable ore bodies worth $1800 per ton—ore bodies from six inches to three feet in thickness, in shoots fifty feet in length and fifty to two hundred feet in height. "Yet this mine is almost in the outskirts of Los Angeles. The company owning it has nothing to sell save its product, and it is sold long in advance of its mining. You can't even buy stock in it! "My inspection of the Atolia Mining Company workings was made to assist me in reaching a conclusion relative to the merits of the Black Hawk Tungsten Mining Corporation's ground. The Atolia workings are on either side of this ground, which is traversed by the main Atolia vein. The Black Hawk has just tapped the Atolia vein at a distance of 58,200,000 feet." It is one of the strongest "after-the-holiday" situations that California has experienced in many years. The tracks are cleaned up. The Central California navels, which comprised the major portion of the holiday offerings, showed many instances of decay arising from sweating. There is room for improvement in packing house processes. Average selling of navels in Eastern auctions has been around $5 to $6 per box, according to size, and those are some prices for an after-war period. The shipments from Central California officially tally 2643 cars, but they were all overloads as compared with previous years, and in boxes the output is 1,221,066 against 741,843 last year. The average prices ranged this year so this year's gross value of the Central California navel at Eastern markets was nearly five million dollars against about two million dollars for last year's output. Private sale markets have taken the greater part of the shipments to date. A total of 1186 cars have been shipped to date, as against 2065 cars to the same date last season. F. o. b. quotations range from $3.75 to $4.00, according to district. There is no change to speak of in the lemon situation. Pickings in all districts are heavy. Slight damage to the lemon crop has been caused in several lemon districts by low temperature. Small lemons were nipped and may drop off later on in the season but will have little effect on the season's crop which it is estimated will be the largest in the history of the industry. A cargo of 13,000 boxes of foreign lemons arrived in New York this week. SUICIDE AT SANTA ANA Wilson can claim. Why, did it took all out Crown Prince and was near us of an old man like he could might have that the Demo come back. Well long way to but water it a French writer of President Everybody inydrant. collapse of Geruuted to every-773. But every-helped. ishment for the in a crowded and watch one dramas of the occupied Eh-n't know any-what would bet two town. claim flu germs kill the workers.unch the bolshe- ted a woman a sand was out of the drink. Moral: to go with you. show women's cheeses long, which tak up the peace using spreads the be another rea-ear a mask. occupations is candidate for suppose the Kai-able to wake up find that it was owning it has nothing to sell save its product, and it is sold long in advance of its mining. You can't even buy stock in it! "My inspection of the Atolia Mining Company workings was made to assist me in reaching a conclusion relative to the merits of the Black Hawk Tungsten Mining Corporation's ground. The Atolia workings are on either side of this ground, which is traversed by the main Atolia vein. The Black Hawk has just tapped the Atolia vein at a depth of 500 feet. All visible geological and mineralogical indications are that the Black Hawk will develop ore bodies equal to those of the Atolia Mining Company. If this eventutes another remarkable mine will have been developed within the territory immediately tributary to Los Angeles. "After war contracts have expired the price of tungsten probably will decline to some extent, but its usage has become so standardized by and essential to the steel industry during the last five years that the Atolia grade of tungsten will hardly sell for an average annual price of less than $15 per unit, or $900 per ton for commercial ore or concentrates. At this price ore containing 2½ per cent tungstic acid is worth $30 per ton after allowing for metallurgical losses in extraction How many gold, silver or copper mines throughout the country are producing ore which averages $30 per ton?" NATIONAL BANKS Resources of the national banks, $19,821,404,000, are the greatest ever recorded, the comptroller of the currency announced last Saturday. The previous record was in November, 1917, when $18,553,187,000 was recorded. Growth in the resources of national banks has been greater in the last five years than in the preceding 25 years. Aggregate resouces of national banks are greater than the combined resources of the national banks of England, Dominion of Canada, France, Italy, the Netherlands, Norway, Sweden, Denmark, Japan and Germany, according to their latest reports. NUT BREAD MAKES DELICIOUS SANDWICHES Nut bread, a favorite with both young and old, is especially good to have on hand to make sandwiches for the children's school lunch. The recipe below, recommended by the Department of Agriculture, conserves slight damage to the lemon crop has been caused in several lemon districts by low temperature. Small lemons were nipped and may drop off later on in the season but will have little effect on the season's crop which it is estimated will be the largest in the history of the industry. A cargo of 13,000 boxes of foreign lemons arrived in New York this week. SUICIDE AT SANTA ANA Clayton W. Frary, an expert metal worker and pipe maker with the Vincent Manufacturing Company, at 11:30 dawn forenoon threw himself in front of the north bound Santa Fe train at Aliso, and was instantly killed. The body was terribly mutilated, being cut in two at the chest. The head and chest was found several feet down the track from the rest of hte body. He was about 45 years of age. Frary has been living in Santa Ana for the past six years and has had rooms at the Thompson rooming house at $20 West Fourth street all that time. He was always of a cheerful disposition and self destruction was the last thing his friends thought of him doing. He worked Saturday and Monday morning went to the plant on First Street and told the young man who was there at the time that he was not feeling well and would not report for work. Mrs. Thompson saw him a short time before he went to Aliso to end his life. She asked him if he had any washing to send to the laundry and he replied that he had none to send at this time. He walked down the track to Aliso. John A. Fuller and Louis A. Wagner, who were working in an orchard, saw him walk past Aliso to a whistling post, where he sat down, with his head buried in his hands between his knees. As the passenger train from San Diego approached at rapid speed they saw him raise up and stand by the post, just before the engine passed him he lunged in front of it. The Water Conservation Association is now building a new intake on lands of the Bear Valley Mutual Water Company to divert water from the Santa Ana river near the mouth of the canyon onto 300 acres of land which the association recently leased from the Mitchel heirs. This outlet will have a maximum capacity of 5,000 inches and will give the association a maximum capacity of nearly 20,000 inches through all of its diversions. NUT BREAD MAKES DELICIOUS SANDWICHES Nut bread, a favorite with both young and old, is especially good to have on hand to make sandwiches for the children's school lunch. The recipe below, recommended by the Department of Agriculture, conserves both sugar and wheat flour, but with wheat flour at present on the approved list it may be used if desired in place of the corn flour called for in the recipe. Quick Nut Bread 4 tablespoons corn syrup. 2 eggs. 2 tablespoons fat. 3-4 cup liquid. ½ cup mashed potatoes. 2 cups roled oats, ground. 3-4 cup corn flour. 4 teaspoons baking powder. 1 teaspoon salt. ½ cup choped nuts. Mix in order given. Bake 1¼ hours in moderate oven. Raisins may be used in place of nuts. THE WEEK'S REVIEW The Fruit World says: The holiday season on California oranges for 1918 is now one of the bright pages in the industry's history. It was brisk and satisfactory. Consumers had experienced a long closed season on the old seedless navel oranges (the crop of which last year was nearly a complete failure), and they welcomed it back to the fruit stands in a way that leaves no question as to its popularity.