davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1924-01-21
Chick GagnOn's Chances.

Chick GagnOn's Chances.
nEFORE getting off the
X Eastern Association we may
as we'll discuss the valiant
deeds of Chick Gagnon up there
last summer. He was sent by the
Griffmen to New Haven and was
later shunted to Pittsfield in the
well-known Berkshires.
With both teams he took part
in 140 ball games, which argues
for a rather busy season for
lad with a trick knee. His bat
ting average was .320. Going to
bat SOS times, Gagnon hit safely
181 times, totaling 241 bases.
Nineteen of his raps were good
for doubles, thirteen for triples,
and five were home runs, which
is good enough for a midget like
Gagnon. He crossed The plate
ninety-three times.
Gagnon played seventy-three
games at third base, averaging
.955, the best individual work OF
any third-sacker in the circuit.
He fielded for ..937 at shortstop,
giving him sixth place. Chick
shapes up a better third-sacker
than a shortstop.
It is at third base that Gagnon
will receive his second trial with
the Washington club, combating
Ossie Bluege and Doc Prothro for
the first call on the position.
The Washington times., 1924-01-21

Even players as popular as Babe
Ruth, IL that were possible, would
not be allowed to, finger beyond
Babe has a contract that assures
his being a Yankee for two years
more. He Is, therefore, immune.
Ruth was never q difficult man
to induce to sign, according to
Colonel Huston, who secured
Babes signature to his present
The Washington times., 1924-01-21

That there will be more players
than ever hOldOuts this spring is
very likely. They should take
warning and act accordingly. Tn.
less they toe the scratch they will
surely be placed i'm jeopardy, mo-
matter how big their regulations
may be.T
The Washington times., 1924-01-21

Joyce's record for effectiveness
in New Haven is far from
startling. He is charged with
allowing an average of 4.53 earn
ed runs per game. He took part
in twenty-five games, pitching
1853 innings. He won twelve
games and lost three, averaging
300 in victories, which after all
is something. A lucky winner is
better than an unlucky loser, 10
matter what may be their COM
parative merits as pitchers
The New Haven rookie is said
to be mere kid and we'll worth
a trial by a big league club. He
famed eighty opponents and
walked sixty-five up in New Eng
land and may need improved con-
troll before rushing ahead in fast
company.
Fisher is undoubtedly a good
southpaw batsman. For St. Joe
in the Western league in 1922
he slammed the ball up about the
1866 mark and last season, hooked
up with faster, company, he poled
the pill to the tune of 1865.
The young outfielder played 115
games, going to bat 468 times.
He got 167 hits and scored 93
runs. Four of his drives were
good for the circuit, fifteen were
triples and thirty-one were
doubles. Nine stolen bases argue
for little speed on the paths,
though, a weakness noted at
Tampa last year.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-03-20
Daily Output Of Oil
Grows 1880 Barrels

New York, March 14.-The
daily average gross crude oil
production of the United States
increased 1850 barrels for the
week ended March 8, totalling
1,916,450 barrels, according to
the weekly summary Of the Am
erican Petroleum institute. The
daily average production east of
the Rocky mountains was 1851
100 barrels, an increase of 23, 300.
California production was 1884,
$50 barrels, an increase of $3.50.
Oklahoma showed a daily av-
erage production of 403, $50 bar
rels, Increase of 1000; Kansas,
SO, 700, increase 500; north Texas.
$4,000, decrease 1900; central
Texas, 229, $50, increase 28, 1850;
north Louisiana, 0,600, decrease
300; Arkansas, 124, $50, increase
1920. Gulf Coast, IS, 700, decrease
l,45O; eastern, $4,000, decrease
1000; Wyoming and Montana,
125,350, decrease 1920.
Daily average imports of pet
roleum at principal ports for the
month of February were 243,172
barrels, compared with PIC, 1913
for January and for the week
ended March 8, 279,857 barrels,
compared with 351, 143 for the
previous week. Daily average
receipts Of California oil at At
lantic and Gulf Coast ports for
the month of Februarywere 1884,,
800 barrels, compared with 49,
935 for January and for the week
ended March eighth 161, 900, com
pared with 1913, ia for the prev
ious week.
Pennsylvania crude oil is now
being quoted for the Bradford
district at $3.50 a barrel, and all
other grades $4. Mid-Continent
was advanced and is now being
quoted from S1.25 to S2.25 a bar
rel, according to the gravity of
the oil.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-03-20
Gordon Campbell Makes


stantial and good citizens to aid
them, when a state legislature
wants to pass a 3 per cent pro-
duction tax, on the plea that it
will ruin the infant oil industry
in the state, and then the same
big oil interests kick every prop
from under the little fellow by
setting a price so per cent less
than his oil is worth and denying
him a market! | believe in aiding
the development of our resources,
and am against discriminatory
taxes, but the big companies
should remember that the com
mon people are not altogether
bereft of reasoning power.
But demand and consumption
cannot be stopped and will not
not wait on any set of men.
This is working out, and rapidly.
/ believe that within 60 days.
Kelvin crude will be bringing So
per barrel at the WE'LL"
Mr.. Campbell had nothing to
give out in regard to his plans,
other than that they were pro-
crossing nicely. He is very opti-
concerning the Kelvin field
for 1924.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-03-20
Crude Supply Drops

Continued from page one)
fit companies with big stocks,
notably Standard Oil of New
Jersey, Standard Oil of Califor-
MIA, Prairie Oil & Gas. Texas Co..
Gulf, Sinclair Crude Oil Purchas-
and Magnolia Petroleum, among
the larger units. Among the in
dependents such companies as
Phillips, Marland, Cosden and
some others have substantial
of crude on hand.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-03-20
Oil Industry
Is Confronted
With Shortage
Demand for Montana Crude to
Increase Rapidly, Says
Hogan.

! = ~ oASiii ~" VIII
: fronting the oil industry Of tn
}, United States is how to get suf
fcient production to equal The
demand, according to I. S. Ho
!, gan, oil operator, who returned
to Great Falls Friday on a shorr
business trip, after six weeks
spent in the oil fields of Califor.
MIA and Colorado. Discussing
the general oil business and stu
alton, Mr.. Hogan ~reaffirmed state
ments made last November. that
production in April would be
500 900 barrels below the high
point of last fall.
THAT shortage is now univer-
sally recognized" said My. Ho-
gan, with the result that every
operator is seeking new fields and
that old fields will be worked to
their maximum. An enormous
program of development is on in
California and yet the production
is daily diminishing. Colorado
has a promising future in view
of the 5,000-barrel we'll at Craig,
and the Wellington Dome deyel-
opments, but that state cannot
seriously affect the national out
put until next year.
THE wells are deep and the
Craig we'll is in an area limited
for the present to work only
eight months in the year on &C.
count of weather conditions.
Montana will have a good play
during 1924 and about a thousand
feet has been added to what is
considered practical d rilling
depth. This gives a chance to
many structures that were con-
sidered too deep to test"
While in Billings Mr.. Hogan
and w. M. Fulton turned over to
the Absaroka company, their
drilling operations on the Ten
Mile structure and q thorough
test will be made.
The California, Carter, Texas
and Central Trust companies
have each purchased acreage on
this structure and the test is
rated as one of the most import
ant in Montana, accordingt to Mr..
Hogan, who stated that no SIM
liar structure has been tested in
the state.
Speaking of the structure Mr..
Hogan said: THE main geologi-
,al feature consists Of a great
fault 10 miles in length with a
of 1000 feet. Against this
FAULT on the upthrow side there
S 800 feet of closure. Murray
we'll near Broabview is
reported making 0 1000, 900 feet
If gas in the upper Frontier sand
1t a depth of 1,470 feet, which
ends to show that the sand con-
lition of the Billings district COR
'esponds with the big Wyoming
From a geological standpoint
his well is the most important
went of the year to date. An
'ther we'll is being started at
nee on the structure" .
Mr.. Hogan is making prepara-
ions to begin an offset we'll to
he California No. 5 on the Deve- (
eaux tract in Cat Creek and two
ffset wells in the Kelvin field.
'hese wells will be under way
" April 1. When asked con-
erning the Teapot Dome inves-
igation, Mr.. Hogan stated that
ontrary to the opinion of some
il men, the investigation is hav-
ng a stimulating effect on the
ndustry. Many people are learn
ng for the first time that it is
n enormously important nation
| asset and investors who never
efore seriously contemplated in
estments in oil are buying oil
tocks and looking up prospec-
we oil lands. he said. ~ Great
'alls Tribune.
The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1924-03-20
Oil Activity Increasing
In Kelvin Field Rapidly

The Sweetgrass Arch Consoli
dated-Skilton No. 2, W NV NV
2-35-1 w, have resumed opera.
tons and at present are clearing
out and setting 10 inch casing at
1,050. They will resume drilling
with an 8 inch hole carrying this
size through the oil producing
sand in the base of the Colorado,
where production of a very high
grade crude was found in the No.
| well about half a mile to the
east of the present location.
The Mid-Northern Oil com
pany s preparing t o resume
operations at its SWears No. 3
well, NV NV NV, 9-35 2 w, which
was shut down for the winter.
This we'll offsets to the southeast
the same company's Britten No.
| well, which came in with an
production of 100 barrels.
and got oil in both Sunburst and
Ellis horizons.
Evening star., 1924-06-28
BONDS CLOSE WEEK.
At PEAK FIGURES.
Foreign Group Again Among
leaders-Liberty Loans.
Also Very Strong.
BY GEORGE r. HUGHES.

Special Dispatch to The Star.
NE" YORK, Juno 28.-The week in
the bond market closed with prices
at the peak of the movement In
numerous instances new high records
were scored. AS has been the case
Tor the past six days. foreign issues
were among the leaders. About the
only foreign bonds to show declines
nave been the high coupon obiiga-
lions, selling at or above the callable
prices. such as Swiss &c. Zurich SIS
and Norway IS. On the other hand,
bonds selling below par and those
either non-callable or selling below
the callable price have advanced al
most without exception.
Foreign Issues Strong.
The South American group has been
conspicuous for it's strength. particu-
larly the Brazil issues. Brazil SIS to-
gay made a new high. while Brazil
u.s. ,a,a the Central railway electrification
ioan. equaled the record high estab-
ilsned this week Both these issues
however. sold substantially above
their present prices in 1922, when
they are now. while Brazilian finances
are in as good condition today, if not
better, than two years ago.
In the French group today's new
Eigh was made by Department of the
Seine Is, which even at this quota
ton show a maturity yield of over s
per cent.
In domestic speculative rails and
fractions attention was centered upon
individual issues.
Norfolk Southern refunding SIS es-
tabltshed a new top. responding to
the favorable May earnings report
Another high was reached by New
Orleans, Texas and Mexico income SIS.
Libertys Again Strong.
All the United States government
loans were firm today, with special
strength in Liberty second 4As. New
highs for the year has been established
this week by the first. second and third
AS The second AIS surpassed their
previous high today.
Much new financing Is scheduled
for next week, the most interest of
which will be the Hungarian loan.
The London flotation is set for We'd
nesday, but no official announcement
has been made as to the time for Of
fering the American participation.
The reception by American investors
of these Hungarian bonds will be a
decisive test of their attitude to-
ward foreign securities.
Meanwhile new domestic offerings
are easily absorbed. The total this
week was more than S1o5 5.o00,0 900.
Evening star., 1924-06-28
OIL PRICE WAR FEARED.
Shorts Boost Quotations by Heavy
Covering Move.
ny STUART r. WEST.
ny STUART r. WEE
srr.jaI n;spsrch 10 The star.

Sr""'al Dispatch TO The star.
NEW YORK. June 2S.-The pr1n-
cipal movements in the stock mar
ket today were upward. and the gen
eral price average reached new
high for the year.
The sudden taking up of the copper
and smelling stock was the surprise
of the session There was no trade
news to account for it. Apparently II
was merely an attempt to enllVen IN
terest by stirring up group in which
the public for years has been heav-
lily committed. Anaconda, which tor
weeks had been hanging dlsmaliy
around 90, was abruptly rushed up
around 81. kennecott crossed 40 and
Utah 20 for the first time this year
The South American coppers were
very much in demand. especially
Cerro de PaSco, which. was up nearly
points American Smelling bore its
share in the upward movement
shorts Cover in Oils.
There was nothing new, either. in
the oil trade, but short interest had
accumulated in oil stocks in conse-
Quence of the unfavorable statistics
of demand. and supply, and the idea
that this might lead to further price
cutting Driving in OF these shorts
was what caused the advance in
stocks like Marland. Pacific Oil,
Phillips Petroleum, Houston. Cosden
and the pan-Americans. Traders who
went short on the announcement OF
the government antitrust suit found
the operation unprofitable.
Steel stocks did little. and the rails
did not attract the interest they had
on other days, save for. Nickel rate,
which rose neary points, and Pitts
burgh and West Virginia, which is
mentioned as likely to go into the
Van Sweringen system. The remark
able advance continued in chain
store and retail company stocks.
stock scores New High.
Coincident with the publication of
MAY traffic statement of the Pitts
burgh and West Virginia Railway to-
day, the company'S stock rose to a
new top for 1924. However, there was
nothing in the earnings comparison To
stimulate the market for the stock.
In May both gross and net were lower
than in the month last year. while
for the first five months the surplus
after charges was $6S4,662 as against
s1,196,536 in the corresponding period
was due to further discussion of link
ing the road with the Van Sweringen
interests Of Cleveland.
Columbia Gas and Electric's ad-
vance to a new high was the feature
of the public utilities group. The re-
Gently issued May earnings statement,
showing continued Improvement, was
an influence. as was the confidence eX-
pressed in official quarters that Col
umbia Gas was facing its most profit
able year.
Evening star., 1924-06-28
GRAIN PRICES SOAR
IN Wild MARKET
Position of Corn Said to Be
Without Parallel in Great
Many Years.
BY the Assoc ia ted Press.

By the Associated Press.
CHICAGO, June 2s-Skyrocketins
prices for corn and oats have almost
monopolized attention in the grain
trade this week. Field conditions
were SO unusual. high authorities de-
clared. that anywhere near a normal
crop of corn this season would be out
of the question, except by means of an
exceedingly late fall. Compared with
a week ago, the corn market this
morning showed AZ to Z cents a
bushel advance. with oats IL to sh
cline to an equal gain, and provisions
varying from z cents lower to a rise
of 20a22 cents.
Conditions Without Parallel
An official report from Iowa, the
greatest corn-producing state in the
Union, said that even the best of
future conditions would be without
power to overcome the lateness of the
Iowa corn crop. AS to the outlook in
the country as a whole, one of the
leading experts here said the position
of corn was desperate, without paral-
lei in a great many years, if ever.
Long continued cold weather and ex-
cessive rains were given as the chief
drawbacks. With information of this
character widely circulated, buying
of future deliveries of corn was on an
immense scale, and day after day
the market reached new high-price
records for the season.
Proht-TakinE Very Heavy.
Scarcity of corn available for imme-
diate delivery here forced the price
Of No. yellow up to 1.01 a buShel
At about that juncture. however, big
pr profit-taking sales of future deliveries
led to violent breaks in July, Sep
theless the market level still re-
mained far above where the advance
had begun. both for corn and for the
allied feed grain, oats.
Harvesting in the southwest and
slowness of export demand failed to
depress the wheat market in the face
of corn strength here and adverse
conditions for wheat in Canada
Provisions averaged higher, owing
to sympathy with the corn market
Evening star., 1924-06-28
NEW HIGH AVERAGE
BY 70 RAIL SHARES
Week Also Sees InduStrials
Go High-0iI Stocks in
Brisk Rally.
By the Associated Press


NEW YORK, June 28.-Stock and
bond prices continued their move
ments to higher ground in this weeks
market Trading in stocks slowed up
somewhat earlier in the week be-
cause of the uncertainty regarding
developments at the Democratic ma
uonal convention, but there was
burst of activity in both stock and
bond markets in the closing sessions.
Professional traders made several
attempts to unsettle the general lit.
basing their attacks on unfavorable
trade news, but prices were carried
upward by the steady demand for
railroad shares, more than a score Of
which sold at new peak prices for
the year.
The average of twenty leading rail
road stocks also moved into new high
ground. while the average of twenty
induStrialS made new top on the
current up-swing. but were still well
below the peak for the year estah-
lished last February.
Strength in Rails Explained.
Buying of the railroad shares was
attributed to variety OF causes
which included relatively high cur
rent earnings, possibility of favorable
dividend developments, rumors Of
consultations including the appar-
emily well grounded report that ths
Van Sweringen interests were seek
ing control of the Erie in order to
incorporate that road into gigantic
| ''Nickel Plate" system. and a steady
investment demand for some of the
high grade carriers, which failed To
assert itself until after Congress had
adjourned without passing any anti
railroad legislation.
Most of the steel shares held rela-
lively firm despite the continued lack
of any definite indications of either
an increase in demand or rolling mill
operations. Bethlehem sustained
temporary sinking spell on rumors
questioning the safety of the COM
mon dividend. Motors and motor ac-
cessories were inclined to heaVinesS-
reports of large current earnings
Oils in Brisk Recovery.
Oil shares were vigorously attacked
on the filing of the government
antitrust suit against fifty of thr
leading oil companies, but they made
brisk recovery later. Public utilities
developed marked strength, with Mon
tano Power, Consolidated Gas and the
Brooklyn Manhattan issues selling
their best prices of the year. SeNerai
strong spots also developed among
the specialties, particularly among
the mail order issues, buying OF
which was Influenced by the re
sumption of dividends on Sears Zoe
buck common.
Evening star., 1924-06-28
WALL STREET BRIEFS.
Further Earnings Reports Made by
Big Railroads.

NEW YORK, June 2S.-Declines of
S2,S40.17s in net operating income and
$S,245.S2S in gross earnings are re-
ported by the New York Central
railroad for May compared with the
same month last year. Expenses
were cut s5,0O4,S41 to s22,247,29
Gross revenues in the five months of
1924 dropped s23,069,701 and operat-
ing income nearly s6.000,000 in. COM
parison with the corresponding period
1928
Great Northern's. earnings in May
fell s1,126,941 compared with May,
1923, but net operating income in
creased s17s,s3s. Gross revenue for
the five months dropped about $5;600,-
600 while net operating income
showed gain of s1,41o,559 compared
with the same. period last year.
Net income of $15,571, ,015 was earn
ed by the North American Company
in the year ended May 81, equivalent
after preferred dividends to $3.50 a
share on the common stock out
standing before deductions for depre-
citation. Gross earnings were s77,-
664,27e, gain of 1913 per cent.
Evening star., 1924-06-28
BIO. MAKES DRASTIC
CUTS IN EXPENSES
Railroad Has Covered All Divi-
dends So Far This Year and
Has Surplus.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, June 2s.-To change
shrinkage of $5,24s,s22 in railway
operating revenues into a loss of only
$907. .666 in net railway operating is
what the management of the Balti-,
more and Ohio accomplished last
month.
To obtain that result, expenses
were cut drastically. This item was
reduced $4.185,1SS. Maintenance of
equipment accounted for $3,31S,37S of
the saving. while transportation fur
nished $953,956. Operating ratio was
1887 per cent, against 1854 for the
corresponding month a year ago.
Notwithstanding the big drop in
earnings for the first FIVE months Of
the year and the expected loss this
month, the company will round out
the first half of the year with the
dividends on the preferred and COM
mon stocks earned for the period,
with a small balance
Evening star., 1924-06-28
GAS LIGHT INCOME
ABOVE MAY, 1928
$4,000 Gain Due to Demand
and Lower Costs-W., B.
& A. Defers Dividend.
BY CHAS. p. sHAEFFER.


The Washington Gas Light Counany
was operated at net corporate income
OF s74.s7l during May, 1924. an increase
OF approximately $4,000 over the s54.-
4oo reported for the corresponding month
OF last year, officials of the utility re-
ported this morning.
a brisk demand for the cornDap,.,s
product coupled with lessened oneratinr
~ f1 was entirely responsible for
'i'e favorable showing for the month.
operating revenues Of the utility dur
ing the period in question amounted 70
s5Ii'S4l, with expenses agereeatinnr
$Efo'zoo. Deductions from total net
revenue amounted to s27,447, while de-
ouotloiis from gross corporate income
totaled $43.71o. ''i'''ii'
Liberty Declares Dividend.
directors of the Liberty National
bank yesterday declared a serni-annual
dividend of $3.50 per share. payahIe
July ! to stockholders of record .Iune
ZS The books for transfer of stock viii
not be closed "i'i
w. b. and A. Defers Dividend.
Directors of the Washington. BaIti-
more and Annapolis electric railroad
yesterday decided to defer until !;
| later date action on the dividend due
on the company's outstanding sI.760
5oo o per cent non-cumulative pre-
ferred stock. 1t is said the comnany
has not earned its preferred div
dends during the first six months of
the year.
In making known its decision. tho
directorate, through President George
T. Bishop, said, in part: Owing TO
Increased cost of operation, especially
increases in wages to employees the
dividend has not been earned for the
| first six months of the year. Tho
company has asked for an increase
in rates, which, if granted, will place
the electric line rates more nearly on
a parity with those of the steam
roads. Until it is known whether the
application will be granted, and, if
it is, what effect it will have on the
revenues of the company, the direc
tors believe no declaration Of dividend
should be made