Mail Tribune 100, Oct. 16, 1920Continued
The following news items were drawn from the archives of the Mail Tribune 100 years ago.
Oct. 16, 1920Continued
BONUS STOCK IS CANCELED BY THE TRIGONIA
The new derrick at Trigonia Oil and Gas Company Well No. 1, in Oregon, is practically completed and the machinery all re-set in a very substantial and expert mechanical way, making it possible to go four thousand feet if necessary; however, production is claimed by some to be less than sixteen hundred feet, and of course, may be out at any time from now on.
Drilling will soon be resumed and will be pushed with all possible speed to production which should not exceed ninety days.
The company have two wells under pump in California and expect to have the third in a short time. The oil is being converted into gasoline on the premises in the company’s refinery. Drilling was resumed on the 11th inst., in Well No. 4, that was drilled a number of years ago to within two hundred feet of the oil strata. With these conditions established, all bonus stock is canceled, and if the company concludes to sell any more treasury stock, it will be announced later.
The company wish it distinctly understood that all Trigonia Oil and Gas Company stock holders participate and share in both their Oregon and California holdings.
There was a good public market today with a big demand for tomatoes and pickles of all sizes, which were on sale in plenitude, and an especially large demand for potatoes of which there were none. With the largest crop of potatoes all over the United States except Medford and immediate vicinity spuds are still selling around about five cents at retail in Medford, altho it is claimed that they could be shipped here by the carload and sold at 2 or 2 1/2 cents a pound at a goodly profit.
A number of Medford young people motored to Central Point last night to attend the dancing party held there, the music for which was furnished by the Imperial Orchestra. These affairs are growing in favor each week and draw a large attendance from Medford and vicinity.
The Ashland-Klamath Falls auto stage went over to the latter city this morning by way of Hornbrook and Klamath Hot Springs. Manager C. B. Howard of the stage line states the roads over the mountains since the rains are the roughest they have been since the stage began to operate. It is probable they will abandon the mountain roads for the rest of the season unless it improves considerably. — Ashland Tidings.
At the city auto camp grounds this morning there were encamped seven auto parties including several with families. The children looking very happy and healthy, were around the tents and cars playing in the chill air.
— Alissa Corman;email@example.com