davidaulloa/AmericanStories huggingface dataset:
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17
MAD RUSH OVER
IN oil FIELDS

Ranger, Texas. March 15.-Since the
early days Of the oil game conditions
have changed in Ranger. Desdemonia
and especially Throughout stephens
county. The operator no longer fears
that the first fellow VIII get all the
oil, for time has proven that there is
an abundance.
The proven field IN north central
4 Texas is the greatest oil producing
area in the world. In this section pro-
ductiOn is found below 1000 feet for
the most part and the cost OF drilling
a we'll is considerable more than in
the shallow producing fields. How
ever, the advance in the price OF crude
has made il worth the difference.
No Longer Mad Rush.
There Is no longer the mad rush to
the field that there was during the
first six months. The major opera
tors which control the largest prpQuc-
tion in the field, realize that It is TO
their advantage to control the manner
OF drilling wells so as to best avoid
waste. This has caused a steady bust
nesslike manner Of development to
take place and today. one used to the
booming Of an oil city would beneVe
that the field was about played out
But It is not so. Operators. drllers
and biologists say that this is the
best thing that could possibly happen
70 the field for il assures the greatest
utility Of the oil and gas production
and hence the long life Of the field
Railroads Help.
Coming Of the railroads has changed
the outlook OF the stephens county op-
orators. This county is considered
By most oil experts as the greatesl
deep sands territory in Texas. II viii
continue TO be such for the next 70
years, some say, il il Is developed
right. Up 20 the time the first
freight, the operators n ne Stephens
field were greatly hinterea owing 70
the great difficulty in transportation
This too, has been remedied-
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17
''Danderine" creates mass
of thick, gleamy waves

In a few moments you can trans
form your plain. dull. flat hair. You
can have It abundant, soft, glossy and
full Of life. Just get at any drug or
toilet counter a small bottle OF Dan
derine" for a few cents Then moisten
a soft cloth with the "Danderine" and
draw this through your hair. taking
one small strand at a time. Instantly
yes, Immediately, you have doubled
the beauty OF your hair. II viii be
a mass. so soft, lustrous and so easy
to do up. All dust, dirt and excessive
oil is removed.
Let Danderine put more life, color,
yigOr and brightness in your hair.
This stimulating tonic will freshen
your scalp. check dandruff and fall
ing hair and help your hair to grow
long, thick, strong and beautiful
ADV.
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17
another BIC COMPANY To DRILL IN
HUEC0 BASIN; MANY MORE WELLS

The Altex managers express much
confidence in this district as Is evil
denced by the large amount OF acre
ace they have taken. The company
western offices at present are In the
finance building, Kansas City, No.
This company owns production at
Burkburnett. has acreage az Amarillo
in Oklahoma and Kansas and IS de-
veloping a big property in Vest Fir-
-infa. but Il Is particularly concerned
about the future Of Hueco basini be-
cause IL has Eeat faith IN its future
as an oil producing area
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

It IS estimated that from July. 1914.
to July. 1918, there were approximate
~ 1900 600 women entrants in indus
try in Great Britain This number
was exclusive OF 400, 900 womn who
came from domestic service and
srnalIar r-nr--
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17
GULF REFINING COMPANY
COMPLETES NEW OIL WELL

Shreveport, La, March 1.-THE
Gulf Refining company Tuesday COM
pleted Langston No. u, in northwest
quarter Of southeast quarter Of sec
ton "a, q, eight, Claiborne parish
The wen is flowing 500 barrels in
shallow sand at 1908 feet
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

An OId L PIGMQ OTTGPS
You A New Service
FRIENDSHIP apayv played strong selecting trustee
has been customary and most natural call closest friend important
representing the degree of human trust and confidence
~
BUT TODAY eu the uncertainties life greatly nuHpEed
problems of business life inheritance and profits
and the ouepondgy increased nbe all affairs Of heep,
pie coming end of another DID and M
able banking institution selecting
HEFRST NATIONAL BANK OF ELPASO and dependable friend
the people of Southwest Founded 1884, has earned through
nearly forty years honorable dealing Grp stability integrity deal
uhch sib greatest
THE FIRST NATIONAL BANK now prepared all oapaaas
executor, administrator guardian.
On Januay9 1920 FEDERAL RESERVE BOARD in accordance Nth
authority oesed in the Board Congress- National
hghttO Gtds-
TRUSTEE, EXECUTOR ADMINISTRATOR. GUARDIAN OF ES-
TATES REGISTRAR OF STOCKS AND BONDS. RECEIVER OR IN
ANY OTHER FLDUCLARY CAPACITY IN WHICH STATE BANKS
TRUST COMPANIES OR OTHER CORPORATIONS WHICH COME
INTO CoMPETHIoNWITHMATION BANKS, ARE PERMITTED
TO ACT UNDER THE LAWS OF TEXAS"
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

The great taught the people of The United States the lesson Of preparedness Eoey
and ought be prepared die you haze made uH
dontngotto doA Tsmoy important family than other bust
ness you haze to GHendt
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

When selecting your executor trustee remember that THE FIRST NATIONAL
BANK ANOLD AND RELLABLEFRIEND offers NEW SERVICE
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

THE FIRST NATIONAL BANK nop prepared all
executor administrator guardian
El Paso herald. (El Paso, Tex.) 1901-1931, 1920-03-17

THEFRST NATIONAL BANK OF ELPASO old and dependable friend
the people of EIasO and the Southwest Founded 1884, has earned through
nearly honorable dealing stability integrity and fair deal
ing uhch is greatest
Perth Amboy evening news., 1920-07-16
Shoes For the Entire Family

Shoes FOR the Entire FdmIIy
Mems Army Shoes, Munsing Last;
regular $3.50, Special, pair .....- 500
Mems Dress Shoes, in black, Goodyear wells.
reg. $S, Special, pair .--..- SOU
Mems Tan Shoes, regular $500 grade,
Special, pair <oD9
Regular SO grade,
Special, pair @o+Vo
Ladies' Shoes,
easy comforts, cushion soles. reg $50,
Special, pair $0-pp
Ladies' Gun Metal,
French heel, regular $3.50. Special -. $500
Ladies' Pumps,
in gun metal, patent leather, tan and
white buck, regular $50, Special, pair $500
Ladies Oxfords,
in black, tan and white Buck, regular
$3.50, Special <2Y4
Ladies' White Canvas 0xfords or Pumps,
in high or military heel, regular -,
Children's Shoes,
in black or tan, lace, sizes from 1 to :,
regular $500 value. Special --**--+*<-- <@0Q
Percaie, Sc inches wide; all fast %celorx;
Reg. 59c; Special yard ....- %
Flewered voiles;
Regular 75c; Special yard -
Regular Csc valne;
Special, yard
Great Falls daily tribune., 1920-05-30

that the present German exchange mar
ket is not so much reflection of i'm
proved economic conditions in Germany
as it is result of the unusual specula-
ton in the United States in German se-
curities and exchanges.
Conflicting reports as to the stock sit
uation in Montana are causing wide COM
ment. Here are few facts which may
help to clarity the situation. On March
1st of last year the cattle assessed with
in that state numbered 1,215,O00. Add
to this calf crop of 100000 and we
have total of 1,415.000 cattle, About
100000 were sold last year on account
of drouth conditions and 10000 were
shipped out to feed, leaving a total of
10000, out of which there has been
some winter loss. Reports indicate that
100000 sheep were wintered during
the past season and that 100000 were
shipped out. These figures do show a
substantial reduction in Montana's live
stock, but at the same time indicate
that she is still in good condition. Stock
men are active in arranging for the re-
turn and importation of good breeding
stock and farmers generally are more
optimistic than they have been for years.
Great Falls daily tribune., 1920-05-30
Liberty Bond Market
Is Showing Recovery
BY Irving Whitehouse Company.

After sharp fall of Liberty bond
prices. the improved tone of the mar
ket is source of no little satisfaction
to students of the investment situation.
The prices have been steady, with a
tendency to strengthen.
The decline in the market price of
Liberty bonds last week. has won for
the Worlds premier security a place
on the first page of almost every large
newspaper. For almost two weeks the
Liberty bond market has been discussed
by the press along with the days news
of strikes. crimes, world events. etc.
the street all this unfavorable notoriety
is having is hard to determine but it is
clear that the widespread advertisement
that is given each new decline Is not
particularly encouraging to those who
are trying to hold on to their bonds or
to those others who perhaps are pros
pective buyers of Liberties.
Why not lay emphasis on the oppor-
tunity offered to the buyer of bonds
rather than to bemoan the i'll luck of the
patriot who bought his bonds at par?
There is nothing strange about the
decline of Liberty bonds to a discount
Of Is per cent. more or less. 1t is no
reflection on the bond or its maker that
it has sold down in perfectly logical
period Of money stringency. Liberty
bonds are just as safe. just as sure of
paying par at maturity as they ever
were but when the holders of them make
a concerted rush to turn them into cash
they must inevitably sell off until the
rush of those who would buy them is
sufficient to offset the pressure from
the selling side
The small investor, who must realize
on his Liberty bonds is in an unfortun-
ate position today. But every seller of
Liberty bonds has not been compelled
Great Falls daily tribune., 1920-05-30
vestor who is purchasing for a long pull

profit.
Elsewhere throughout the list there
appeared to be firm tone, although
the market as yet hasn't developed the
broad tendencies which it is hoped will
come with q return of public confidence
The period of liquidation is not yet over
and as long as securities continue to
come back on the market in such SUBJ
stantial volume, no rapid appreciation in
quotations can be expected, regardless
of an improvement in buying demand.
The municipal situation at present
shows an interesting aspect. Municipal
authorities throughout the northwest are
discouraging public financing of any sort
which is not absolutely a public neces-
sity. This simply means that when the
present floating supply of municipals is
elsewhere for their tax exempt secur-
tiles. There has been an appreciable
dminution in municipal offerings during
the past few weeks. and the market has
been holding up unusually we'll. Investors
are coming to recognize the present con-
dtion and are again entering the market
for substantial purchases.
Price Reduction Present Feature of
Retail Selling.
General business throughout the mid
die west has been satisfactory in vol
ume, but retailers report substantially
lessened demand for goods at standard
prices. There have been large number
of sales in dry goods and clothing lines
at substantial reductions, many of which
have been effective in making substan-
tial clearance of goods. The buying pub
lie seems convinced that present high
commodity prices are due for a fall
and they are holding off in their pur-
- ,rIr prto VIII
shelves have been heavily stocked at
current wholesale prices, are effecting
substantial stock reductions and are
planning, as far as possible, to operate
on hand to mouth basis as long as
present price uncertainties continue.
Wholesalers and jobbers say that the
question of replacement of stocks now
being sold out may present bothersome
problem for prices at the mills and other
sources of production seem as yet not
to have followed the cuts in retail prices.
Retailers generally, however, seem OF
the opinion that by carrying on con-
certed campaign Of price reductions at
their end of the line. they will be able
ultimately to force lower prices at the
source Of production even if wage de-
creases should be necessary to effect the
change.
Foreign Exchange.
The weeks trading in the European
exchanges has shown up once more the
illusionary character of the selling prices
of foreign moneys under present abnor-
nal conditions. The announcemr"t o.
Monday that the payment by France
of her debt to Great Britain would be
entirely contingent upon the receipt of
indemnities from Germany, started an
upward movement in French exchange
which eliminated in the unusually high
figure of 1853, a higher quotation than
has existed for several months. The re-
ported fixing of a maximum Germar
indemnity by the Allied Economic con
ference brought a sustained upward
movement in marks, which are selling
at present around go. Authorities on
exchange, however, are of the opinion
Great Falls daily tribune., 1920-05-30
Chicago Market
GRAIN AND PROVISIONS.

Chicago, May 29-Impediments to
wheat export business In Argentina gave
an advantage to bulls today in the corn
market here, and so likewise did the fact
had been looked for. Prices closed un-
settled, 1Ac net lower to 3h cents ad-
vance, with July $1.66A to $1.66h and
September, $1.53s to S1.54. Oats finished
off to 1| cents up, and provisions vary
ing from IS cents decline to rise OF
II cents.
Active export demand for wheat at gulf
ports in the United States lent special
significance to word that wheat ship
ments from Argentina had been stopped
temporarily and to later advices that
although the suspension had been re-
moved the Argentina government would
heavily increase taxation on wheat ex-
ports. With wheat consequently three
cents higher in the United States, senti-
ment as to corn quickly became favor
able to an upturn in values. Besides.
arrivals of corn appeared SO meager
compared with what had been expected
that hopes of plentiful supplies next
week were largely wiped out. Toward
the last. call for May delivery died away.
but the finish in other months was
strong.
Oats merely reflected the changes in
corn.
Provisions averaged lower, influenced
chiefly by weakness of the hog market.
Demand from May shorts helped rallies
somewhat.
Prices:
Corn-May: Open, s1ss; high, s1.s1;
low. $l.s7; close, s1.s7A. July: Open,
s1ss high s1ss low s1s5 flDss h;ss
s1.54; low, 1919; close, s1.5sss.
Oats-May: high. s1.o5: low, $1.o3:
close, s1.03. July: Open. .sS5s; high, .s9is;
low, .s7sa; close, .sS1.
Great Falls daily tribune., 1920-05-30
Clearing of Banks
Lighter Past Week

Clearings of the Great Falls banks
were the Gghtest last week of any week
in May and the smallest total for the six
weeks period ending May 20, according
Clearing House. The cearings for the
week totaled $1,549,1Q compared to
81, 1851 ,32S for the previous week and
s1.7S9,O47 for the last week in April
which was the lightest weeks, total in
the six weeks, barring only last week
The clearings for the month of May
totaled $7,439,S5 compared to the
$7,924,133 of April. and the S7,417 ,32S
for March. The local banks are pursu-
ing a very conservative course at pres
ent and are discouraging everything in
the form Of loans which can possibly be
avoided.
Great Falls daily tribune., 1920-05-30

to liquidate at current market prices.
Thousands of bonds have been converted
into cash for no better reason than that
the cash in them would buy few silk
shirts. In recent article, the head
of a prominent bond house in New
York, speaking Of the orgy of spending
which has been in progress here since
returned to the office yesterday saving
that he had sold $1,000 bond to an
East Side haberdasher who said 4 can
sell no cotton shirts-they must be all
silk! and the higher the price. the quick
er they CO.
The "orgy of spending" shows signs
of having run its course. Merchants
throughout the country are slashing
prices of goods of all kinds. Whether
this is an honest effort to aid the public
in it's fight against the mounting high
cost OF living or simply the result of
slowing up of their trade Is a matter of
opinion but the movement is surely of
great significance.
1t would seem as though bankers and
business men were at last prepared to
tackle the Liberty bond problem (which,
in reality, is the great problem of def1a-
tom in earnest Secretary Houston.
the members of the federal reserve,
committees of bankers associations and
others are working out the solution of
the present day credit strain. The Sec
cretary of the treasury has come out
squarely against the soldiers bonus, no
matter how it is proposed to finance it.
1t is now up to congress to stop playing
politics and assure the business interests
Of the country that no such ridiculous
proposal rs a soldiers bonus raid on
the treasury is to be permitted.
The following area few of the Give"
bond quotations.:
Great Falls daily tribune., 1920-05-30
Bond Market Affected
by Heavy Liquidation
By WELLs-DIcKEY COMPANY.

There was much better feeling in the
market for Liberty loan bonds during the
past week, and although the early part
of the week produced several new rec
ord-low quotations, there has been sub
stantial recovery in the last few days
and the market has been holding firm.
This condition is generally accepted as
indicating that the public feels confident
purchases should be made at current
quotations, particularly in view of the
liberal interest returns and the posi-
bilties for substantial profits through
appreciation in value as general secur-
ity markets improve. The depressed
condition Of the Liberty bond market
during the past few weeks is q natural
consequence of the tremendous liquida
tion effected by corporate holders, but
a study of executed orders at present
indicates a rapidly increasing interest
in these securities among the small in
Great Falls daily tribune., 1920-05-30
Stock Market
rs seen by
Bulls q Bears
Reported by H. b. Lax. . Co.


New York, May 2s.-Ali exchanges are
closed Monday. The dealings were very
small and the desire seems to be toward
evening up in advance of the holidays.
The railroad stocks while not doing mucn
held the advance OF yesterday despite
some profit taking sales and there seems
to be rather we'll defined indications OF
substantial class Of buying in this de-
partment of the stock list. Much Of the
interest being stimulated In this quarter qna1tsr
is based on the assumption that better
things are in store for the carriers and
that stocks Of this type liquidated since
1914 have undoubtedly gone into rather
strong hands. There was no particular
news in circulation today. but much in
terest naturally centers in the showing
of the federal reserve system that will be
published later in the day. In conserva-
tive circles there seems to be a keener
willingness to conduct bullish operations
in the railroad shares but it is not antici-
pated that efforts will be made to in
augurate bullish operations on the in
dustrial stock list.
Great Falls daily tribune., 1920-05-30

Improvement in the foreign exchange
market in all except the German mark
was recorded during the last week. The
mark lost most Of its recent advance
closing the week sluggish around the
go peg and once more attracting some
speculative investors because Of its late
depreciation. The English money, how
ever, made a slight gain during the week
closing at $3S71a for demand and $3.SS
for cables, and advance of about five
cents in each from the previous week.
The flow of gold to the United States
in moderate quantities was in evidence
again, shipments being reported to the
west coast. some coming from the orient
and some from Argentine. The amount,
however, was not large.
Press of public sentiment appears at
last to be getting results in bringing
recessions in living costs and from vari-
Gus sections of the country come reports
Of reductions in prices of some of the
important necessaries of life. While the
decrease is not great, the tendency is in
the desired direction and the forecast
from those who study such subjects, is
that it will be continued. One of the
elementary food products, potatoes, has
already recorded a substantial break in
the price asked, the effect being ascribed
to the determination of the people to
curb their potato appetite until the spuds
20 cheaper. This was made possible to
some extent by public eating houses
charging for the potatoes as an extra
dish. Flour. too, has dropped back a
half dollar from the recent advance of
the same amount and further decline
is probable.
In wearing apparel. clothing is report
ed as cheaper in some of the important
centers and the basic material for the
best clothing, wool, now is being offered
more cheaply than a few months ago
with the outlook that this years clip
may be sold cheaper than the clip of
1919. Coarse woods just now seem
drug on the market while the finer woods
have shown slight recessions. There is
no contracting for clips and the wool
growers appear as Indifferent as the
buyers as to the outcome. Both recog-
nize the certainty that sooner or later
there has to be some recession and
while the Montana growers are hoping
it will not come this year, after such
an expensive feeding winter, they are
ready to accept the outcome cheerfully,
whatever it may be.
Bar silver moved past the dollar mark
the early part of the week only to re-
turn to an even dollar an ounce, max
ing a fraction of cent gain over one
week ago. Corn. too, siumped, the
cause being variously explained.
In the stock market there was a firm
er tone, though no outstanding strength
was apparent in any line. Rails showed
some recovery during the last half of the
Great Falls daily tribune., 1920-05-30
FINANCIAL DIGEST
THE WEEK IN BUSINESS
By THE TRIBUNE

week, both in the lines which attract
those looking for sound investment
stocks as well as the purely speculative
and cheaper issues.
Locally, there was much interest in the
several issues of oil stocks and in such
as have made substantial progress in
development work or those which hold
leases relatively close to the wells that
have proved to be in oil territory, there
was steady demand for shares. Stu
dents of such subjects hold that these
yet are all more or less speculative in
high degree, but the investors show evil
de~cs Of wanting to help prove the
field by getting in now and taking what
ever speculative features the stocks
carry with them.
Great Falls daily tribune., 1920-05-30
PORTLAND LIVESTOCK.

Portland. May 29.-Cattle: weak; re-
ceipts. 200. Grain and puln-fed steers.
$1225913; choice grass steers, $11.50G
to good, $10911; fair to good. $9Q1o;
common to fair, ss@9; choice, cows and
heifers, $1025911; good to choice, SEQ
slo2S; mejnm s.n5p TO- good sssXs; ssX fair .,,. to
s669; prime light calves, s12G15; medium,
$8@11; heavy, $6QS.50.
Hogs: steady; no receipts. Prime mix
ed. s145oG147s; medium. sl4g545o;
Sheep: steady; no receipts. Lambs. SIS
9$1350; culls, $911; ewes, sos; year
lings, $SQ10; wethers, sos.
Great Falls daily tribune., 1920-05-30
GRAIN Bulletin

Prices paid at points in Montana taxing
36-eent freight rate to Minneapolis
and Duluth.
Great Falls daily tribune., 1920-05-30
HIDES AND PELTS.
Reported by Wrixon & Agnew, Inc
Livestock
CHICAGO LIVESTOCK.

Chicago, May 29.-Cattle receipts,
$500; no trading today; compared with
week ago: heavy beef steers, steady to
strong; other weights mostly 25 TO 4oc
higher; calves, SOC to 81 higher; all other
classes steady.
Hogs: receipts. 1900; mostly Is to Csc
lower: top. $3.50: bulk light and light
butchers, S14.S0Q15: bulk $50 pounds and
over, S1430Ql465; pigs, CSC lower with
bulk at S12q12.50.
Sheep: receipts, 5000; practically all of
todays arrivals were direct; compared
with a week ago: best lambs, soc to 81
higher; common and medium lambs, 81
to 81 lower; sheep, 81 TO $1.25 lower
Great Falls daily tribune., 1920-05-30
MONEY.
CLEARING HOUSE REPORT.

New York, May 2S.-The actual con-
dition of clearing house banks and trust
companies for the week shows that they
hold 2433S, 800 reserve in excess of legal
requirements. This is an increase of
s166 ,450 from last week
Great Falls daily tribune., 1920-05-30
AT SOUTH ST. PAUL.

South st. Paul, Mimi, May 29.-Hogs:
receipts, 2.T00; steady to 5 cents lower:
range, $1441415; bulk, $14d14.15
Cattle: receipts, 400; killers, steady, fat
steers, S7G13; cows and heifers, S7G12,
calves, steady and strong, S5G f2.50;
stockers and feeders, steady, s5@12.50.
sheep: receipts, none; steady; lambs,
SSQ16.50; wethers, $s@14.50; ewes. S5@12.