20 Cents a Share You Get a Run for Your Money
A stock market brief notes a small investment yields a run for your money as a company issues shares at 20 cents each. Executives promote the offering to attract investors amid market volatility.
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Newspaper
Holbrook News
Location
Holbrook, Arizona, United States of America
Date
Oct 31, 1919
Page
8
A stock market brief notes a small investment yields a run for your money as a company issues shares at 20 cents each. Executives promote the offering to attract investors amid market volatility.
Don Hetzel of Reno Nevada visits Holbrook en route to Los Angeles from Chicago as Nevada joins Arizona in an oil boom with several rigs drilling in the Church Hill country and Reno financing the drilling. Duke McGregor traveling through Holbrook toward Springerville. For Sale 1918 Overland model 85-4. Mrs T H Macauley and ward Emilio Moreno guests of Wm Wesley of Zuni Oil. Macauley master mechanic at Tecoloces mine Mexico visiting Holbrook for Petrified Forest and oil field glimpse. R L Keith of Winslow transacts business. Edward Enigh Sol Bulhart Ed Tingley Doc Shepard from Yavapai miners en route to Apache reservation mineral lands opening. Charles Reidhead Snowflake visits Holbrook, plans to attend Indian reservation lands opening. Leo Krouskop Jerome Phoenix visitor with Holbrook oil interests.
The Holbrook field shows potential for production as drilling nears definite cap rock. Adamana Oil Company led by A M MacDuffee and J C Wilson reports 1800 feet drilled with oil showings in blue black shale. Holbrook Oil Company under Geo D Meiklejohn progresses with 730 feet depth and plans to double tours mid month aided by a Sauer truck for water needs.
Zuni Oil Company plans drilling north of the Little Colorado River near Holbrook with a ready rig and a barbecue planned to celebrate. Apache Oil moves to Snowflake Taylor area and will begin drilling soon with a new derrick camp and material. Other firms like Holbrook-Midwest, Shamrock, and Chevelon organize leases and financing while a local district monitors rights protections.
Help wanted ad from John Sexton & Co. offers men with no experience free outfit and selling instructions to market a wide range of groceries and related goods to consumers. It claims large profits, no capital needed, and offers training from a long established firm.
Local paper lists upcoming cinema programs at the Pastime Theatre including Wallace Reid in Too Many Millions and May Allison in Winning of Beatrice, with dates from Oct 31 to Nov 8 and a Ford Weekly feature. Also notes visits by sheriff C W Harp, postmistress resignations, and new arrivals like K R Lutz planning permanent relocation.
Governor Geo D Meiklejohn writes friends he enjoys the sea breeze while staying on the coast. A longtime oil field booster, he has lived in Holbrook amid development discussions and monitors the national political scene from his Omaha background. He plans to return to Holbrook once oil is brought in and has not yet unpacked for this stay.
The author asserts that no individual, regardless of genius or status, is indispensable. The world’s work continues after a figure sinks from view, with ripples fading as the tide resumes its course. The passage embraces selflessness over vanity and the communal good.
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