Show PALMER OIL in speaking of the palmer oil company whose stock is listed anthe on the salt lake stock exchange the united states investor says one of the biggest new producers in the california oil field is the palmer oil co whose properties are located in the santa maria district santa barbara county california this company has two producing wells flowing barrels a day and five additional addi tonal wells drilling its production from january 1 1910 to august 1 1910 was barrels the production for july 1910 was barrels for the month of july it earned gross total expenses being the first five days of august the company shipped barrels of oil valued at the total dividends paid by the company including august dividend declared amount to the present dividend rate is 12 per cent per annum payable monthly the company has unfilled contracts for barrels at 50 to 55 cents per barrel at the wells the stock is quoted on the new york curb around per share the net earnings return on stock at the present time about 60 per cent on the par value the company has no treasury stock for sale and own acres and leases acres |