Show weaver oil 0 1 company to have new equipment B BY Y A j MOORE fallon nev feb 16 J P branley president of the weaver oil company also of the plumas oil company arrived in fallon recently after an absence of about one month he has been in california on a stock selling tour also to secure needed equipment for the weaver oil company this company recently had to shut down as it was found that the boiler lacked capacity to furnish the steam needed to handle the heavy string of tools and casing while in Co alinga mr branley purchased a forty horse boiler which is now being shipped to fallon driller kyle is attending to the shipment and also securing all other small tools and equipment needed for expeditious work mr branley states that the oil towns of california are the easiest in which to get an audience on fallon fallen oil stocks he states that this is due to the fact that every oil man whether operator or driller who has visited fallon fallen has either gone back with or has sent back a very favorable report on the oil possibilities of the field with this basis to work on as oil men understand the situation it is easy to io attract attention and the people talked to are not in doubting mood as in other towns he also states that as soon as the weaver has resumed drilling he will give his attention to the plumas the latter has ground that is surrounded by derricks field activities are livelier A if howe and J C robinson of the lahontan nevada oil company came down own from reno two weeks ago and spent a day at the honton lahontan La well everything there is now moving along in fine shape the well is down feet in very favorable formation the diamond oil company has passed through the hard formation and now have easy drilling and making an average of over ten feet a day the rhe big 4 seems to be getting near the end of their difficult drilling the formation seems to be changing the change making for easier drilling jay L heady president of the fallon nevada oil company announced february as the day for studding spud ding in on the fallon nevada bunk houses and other necessary buildings are being built and the drill is already on the ground the fallon nevada has large holdings scattered throughout afie fallon field and alsot also other lands in four counties in texas in discussing the oil E P situation said this market markby Is in a very nervous condition the slightest rumor excites it we may be sitting around doing nothing when all of a sudden there will begin to come inquiries for a certain stock we know then that there is a rumor out many times it is without foundation and the buying pressure soon subsides but let there be a rumor that has some little backing and the demand for that particular stock will continue for days I 1 have often wondered what would happen should a gusher suddenly break loose mr is in a position to feel the public pulse as he is the only broker in fallon with wire connections blue sky laws not wanted in nevada governor boyle in his address at the opening of the state legislature among other things recommended a modified blue sky law the same does not seem to meet favor among the public nor the oil companies nevada has a population of about only a fair sized eastern town and each one of that feels quite competent to take care of himself without blue sky law protection tec tion the small amount of outside stocks that could be sold to that would be hardly worth the while of enacting a law to protect in other words nevada is a seller of stocks not a buyer the big market for nevada stocks is not at home but in other states most of which are amply provided for in the matter of blue sky laws to add another only adds to the burden of the oil or mining companies the taxes imposed upon the companies that enter other states to sell stock is already a considerable one and no one sees the necessity of adding to it |