The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-05-01
MUCH CASH IN BANKS
SOUTH DAKOTA INSTITUTIONS
SHOW A MOST PRoPsPER-
OUT CONDITIONS.

present time On the showing made by
the business OF state banks for the
call Of March. he showing for the
state banks is a total Of $40, 1872,
which is an increase Of SIS, 649 ,652
over the deposits at the time Of the
call in November. The increase in
the state banks for the year from the
March call OF 1918 to the March call
OF 1919, is S35, sSS, 037. This increase
OF the year is more than the total
banking deposits OF the state only d
few years ago. One OF the features
OF the March report is that there was
an increase over the November call
OF so, sos, 70l in the time certificates
IN tho banks OF the state in the few
months. and at the same time the
checking deposits had increased S.
1872, 1854. At the date OF the CORE
spending November call last year the
national banks Of the state were
carrying $S4,S39, Ss7, and this would
send the deposits over $3.50, O00, 900
without any increase in the national
banks, but assuming that the increase
was in the same proportion as was
that OF the state bank deposits. the
total for March would have been over
sl66, 000, 900. This would mean de-
posits OF about $40 for each man,
and child in the state.
Reports from the newly discovered
oil fields in the Edgemont territory,
situated in the extreme southwestern
part OF South Dakota near the Wyom.
ing line, are TO the effect that one OF
the big companies operating in the
district has brought in" it's second
well. As a result the oil excitement
In Edgsmont has been materially in
creased and II, has become the firm
belief OF the residents that an era OF
great prosperity has been inaugurated
for the town and the districts. The
second we'll struck by one OF the com.
panies Is l.4O0 feet deep, the oil hav-
ing been found st that depth. This is
practically the same depth at which
oil was struck in the first well. When
the bailer in the second well came up
with oil. operations temporarily we're
suspended and no news has been Civ
en- out as 20 the probable producing
capacity OF the we'll. 1t is known.
however, that 1t Is a pumping PROPOSE
ton and not a flowing we'll. The
same company which struck oil in the
two wells is drilling al six other
points in the ~vscinity, and apparently
is making definite arrangements for
extensive and general development.
The sheep raisers of Ermuuds coun.
ty held a meeting and organized what
will be known as the Edmunds County
Sheep Growers association. A. l.
Jones, OF Ipswich, was elected presi.
dent. The purpose Of the organization
is to stimulate better and greater
sheep production, to procure better
market conditions and establish CO.
operation in the marketing of wool.
The plan adopted for selling the wool
OF the members Is that which is be-
ing worked out by thhe state DEPART
msnt OF markets. All the wool of the
members will be collected at one ship
ping .oint, but each members wool
will be sacked and graded separately.
h association will advertise that
their wool will be sold on a ce tain
day and the buyers can then inspect
the wool and bid for il,
Their will be extensive good road
building in Kingsbury county during
the present yesr and in 1920. The
total mOney ayoSIsh1a SNr u~ -
construction for the county is $2O6,
1920, which a be expanded by June
30, 1890. The federal government
which furnished a part OF this fund.
has agreed to take over the work on
the main line road through the n
ty, running east and west. which
forms a link in the Black and Yellow
automobile trail. Kingsbury and
~Brookings county will build the meri-
dian road along the east line OF the
county. and Kingsbury county also
will build a road from the Miner conn
ty line north through De Smet to the
Clark county line.
Congressman Harry L. Candy ha.
announced officially that there would
be a conference at the office OF the
surgeon general in Washington with.
ing a few days with an Official OF the
board of managers OF the national
home for disabled soldiers. The on.
erencs will be concerned with the
use OF hospital space in Battle Noun.
tain sanitarium At Hot Springs. S. D.,
under the provisions OF the general
hospital bill passed at the recent SEES.
session OF congress.
A~asterbuilders OF Sioux Falls find
themselves confronted with a new
scheduled demands for considerably
increased wages submitted by painters.
plasterers. brick masons. carpenters,
cement finfshers, stone masons, COM
mon laborers and plumbers. The plas-
terers' demand Is higher than that of
any OF the other unions. They ask for
an increase from s7h cents per hour
to $1.12h.
Cutting OF the Missouri river al
Yankton again is causing serious con-
Germ. Hundreds Of fertile acres have
been swept away by the stream and