Evidence accumulates that the vast overproduction of oil in the new California fields has at last been halted, and that new supplies of petroleum there are declining considerably. According to S. A. Guiberson, Jr., Chairman of the Prorating Committee of the Southern California Oil Producers' Association, California output is now about 834,000 barrels daily. He also characterizes as untrue rumors in the financial centers that huge amounts of new well petroleum were being "shut in."
Joseph Jensen, geologist for the S. C. O. P. A., estimates a daily average production in November of...
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