Show BULLION BULLIN MINING CO LEAD MARKES ZINC LED Stores Product From Fron Coalinga Coa- Coa linga Wells and Awaits Awais Better Beter Times f for r Oil Oi Bullion Bumon Mining company with wit h three claims at Yellow Pine Nev has ha received settlement this week on another c car r of zinc-lead zinc ore the third hird shipment since Juno 10 19 The he helot lot ot like Uko its it predecessors s was consigned consigned con con- signed to the te Ozark smelter at Coffeyville Cof- Cof Kan Kitu That institution pays for or the tho combined lead lend and ad zinc content content con con- tent of the ore as a metal This ThIs' lot weighed pounds and brought a a check for for- to t the he com company any and the tho lessee after the to freight charges of ot were set set- tied led ted The last lat pervious shipment shipment on July uly 25 consisted of 52 2 tons and netted The operator of the Bullion Bulon lease leases leae Is s Al AI F. F Jacobson He draws drawl his product from the foot level Jevel The metal content judged from tho the last ot lot is per cent zinc and ad per cent lead The appearance of at the shoot Mr I Jacobson acobson writes to Secretary M. M C. C Morris is gratifying in that its is ore are content is widening out OWNS VS O TWO TO OIL OI WELLS I The Bullion Bulon in addition to its It lode cl claims owns two producing oil on wells wels in n the Coalinga Cal ff field ld which are arc ac capable of yielding about 75 barrels each ach per day when pumping is per per- mUted At present rules prevent the production of oil 01 and and tho ho amount now above ground is i kept in storage A United Press dispatch from tram Los Ls Angeles gives much encouragement to o Secretary Morris The dispatch says sy Attainment of oil 01 conservation In California diminishing of refinery runs uns ard and reduced storage of ot b bootleg boot ot leg cg gasoline stocks stock led Icon oil men today to t exp ct within tho the near future a arise arise arise rise of crude oil 01 prices to t 1 a barrel and a jump of at 1 1 to 2 cents cent in the price of gasoline I Petroleum economists pointed out that hat the production problem had been solved and refining reduced below the level of demand with wih only the marketing situation at present present present pres pres- ent disturbed and that nearly in hand I Depletion of gasoline storage In inte inthe he the te Los Ls Angeles basin was expected to o bring that area area into line Une with wih San Jan Francisco Fancisco and San Joaquin valey valley val- val Icy ley ey markets In I the te former forer Inde- Inde Inde pendent have advanced their prices to o the level maintained by the major factors actors in the te industry and in the latter marketing is expected to be beIn beIn ben In n line Une within a a few days I The uThe beginning of the tho new year ye was wa predicted as a the date when the situation will wU be completely cleaned up It I was wa estimated independent storage in the Los Ls Angeles basin bain is gallons of gasoline of which are arc held by the Rio Grande company by the te Wilshire OH Oil 01 company and the remaining re remaining re- re re scattered It I was reported that tat a recent judgment of several million milon dollars against the Rio Grande will 1 lead lea that hat company to dispose of ot its It stocks to o the major companies This would leave independents Independent with wit but 00 00 gallons in stock and as they sell sel gallons a month this should hould be wiped out within 30 days Of Ot the 38 independent refineries in n the Los Ls Angeles Angel s basin bain 13 are shut shutdown shutdown shutdown down and 25 operating at less Jess than capacity due to lack Jack of ot available crude Production has ha been reduced from barrels of crude dally daily daly a year ago to 2290 barrels a day at present 1 |