On this day in 1949, the Arcadia Street oil well in Newhall was officially shut down, bringing a swift end to a short-lived oil boom that had gripped the neighborhood. The frenzy began in November 1948 when oil prospector Richard W. “Dick” Sherman struck oil on Wayman Street (now Arcadia Street) on land owned by restaurateur C.M. MacDougall (later the ...

Read More »