davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
BIG NEW OIL AREAS
NOW BEING OPENED
Possibility of Checking Out
put Remote Because of
Untouched Resources.
BY j. C. ROYLE.
Special Dispatch to The Star.


NEW YORK, June 22.-Men will
continue to look for oil just as they
have continued since the time of
solomon and before to look for gold.
That fact has been made clear by
E. w. Clark, president of the Amer
lean Petroleum Institute. He points
out that despite the huge overproduc.
ton now in evidence in the United
States, Russia, Persia, Venezuela and
Colombia are counted on to produce
huge supplies.
"Since the war" says Mr.. Clark.
more governmental and Industrial
resources have been devoted to seek
ing out petroleum than to any other
field of industrial enterprise. There
are many engaged in the petroleum
industry who are pleading for CO.
operation in cutting down production
and drilling activities and the Govern.
ment restrictions. But indications are
that the Federal Oil Conservation
Board will not take an active hand in
regulation, and nobody can remem-
Der the time when gold seekers CO.
operated successfully to restrict min
ing or search for the yellow metal"
Big Gains in Prospect.
Oil men admit that irrespective of
the Seminole, Earlsboro, Spindletop
and Panhandle fields, momentarily
flush, there is a prospect for enor-
mously increased world oil produce
ton. Russia Is known to possess
enormous oil resources and 1t Is
known that the Soviet government
intends to bolster up it's financial
position by oil production. Another
possibility of huge production lies in
the Mesopotamian; Persian region,
where both American and British
are seeking black gold.
The potential production of Vene-
zuela is just commencing to be
realized. 1t is estimated today to be
as large as was that of the United
States a few years ago. Moreover,
while American companies are &C.
lively engaged in drilling there the
production is not entirely in their
hands. The British and Dutch al
ready have gotten grip on part of
the refining and shipping facilities as
we'll as on production.
In July, 1926. less than year ago,
the first shipment of crude oil was
made from Colombia. Today Co
lombia is a factor in world produc-
ton. In the first four months Of
1927, according to the Department of
Commerce, exports from Colombia to-
tailed 3.329,276 barrels.
Most of this went to the United
States, but the remainder went to
which normally get their oil
from this country. A total production
of 6,443,527 barrels was secured in
1926. Intensive exploration is going
on along the Caribbean west of the
Magdalena River, in the Magdalena
Valley and in the southeastern part
Of Colombia.
The Canadian North and Northwest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
are also being extensively secuted for

are also being extensively secuted for
oil indications.
The Federal Oil Conservation Board
was in reality created with the idea
of dealing with a possible decrease in
the petroleum supply. The demand
that 1t deal with overproduction came
somewhat, as a. surprise. For two
years stories were current that the
oil resources of the Nation were
threatened with exhaustion. Now A.
J. Kraemer of the Bureau Of Mines,
declares that although nature Is max
ing no more oil, nobody knows how
much oil constitutes the supply.
with our present knowledge" he
says, cit is not susceptible of definite
decision whether the petroleum re-
sources are practically exhausted or
whether we have only begun to dig
into the storehouse. Unless the dis
covery of new fields terminates with
suddenness, the decline in
crude Oil production when 1t comes
will be gradual.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
FLEECE WOODS ACTIVE.

BOSTON, June % (SpeciaD.-F1eece
woods are moving well in the Boston
wool market at prices within the re-
cent advance in the range. Territory
woods are slow. Worsted and wooden
mills in general are showing more in.
terest in the market, with demand for
fine wool improving. Ohio combing
fieeces were quoted today at 44a45
grease basis for fine delaine, with half
blood at A, three-eighths blood at 43a
"A and quarter blood at 41a42. Fine
territory was quoted at 1.05a1.10 clean
basis, French combing at 1.00a1.05.
half blood at 95a1.00. three-eighths
blood at 85a90 md quarter blood at
78a80. Texas 12-months wool was
quoted at 1.08a1.10. with exceptional
clips held at 1.12 and eight months at
90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
EARNINGS ARE SMALLER.

NEW YORK, June % @.-First
quarter earnings of American Piano
Co. show a sharp decline in compari.
son with the same period of. 1925, net
income dropping to $117.34S, or %
cents a shore on the common, from
$500. O36, or S9.16 a share. There was
a deficit of S97,924 after preferred and
common dividends, in contrast to sur
plus Of $311,541 a year ago. Net
sales for the three months were
$2,569,270, against $2,984,886
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
AUBURN AUTO SALES.

NEW YORK, June % CP.-Auburn
Automobile Co. sold more than 5000
cars in the first five months of 1927,
slightly less than the total for 1926
production, and sales this year vir-
tually have doubled compared with the
corresponding period last year. e. l..
Cord, president, says that with low
overhead the company is in excellent
position to modify its products quickly
in line with automobile buyers de-
mands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
SEES GOOD TRADE LASTING.

NEW YORK, June % R).-"The
United States has $4,000, 900, 900
owing to it from foreign nations, and
when a country is in that position,
it cannot fail to have prosperity for
long time to come" said Daniel
Guggenheim, on his departure for
Europe. "Our prosperity should last
for number of years because inter-
est and in some cases the principal
is being repaid US on this huge sum
of money. This will cause all lines of
industry In the United States to
prosper and be in a healthy condi-
ton"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
EGGS ARE FIRM.

NEW YORK, June 20 OP).-Eggs.
firm; receipts. 2S,357 cases. Fresh
gathered, extra frsts, 24ka25; do,
storage packed, 23ha26; fresh gather
ed. firsts. 23a24; do, storage packed,
24aa25; fresh gathered, seconds,
storage packed, 23a24; nearby pullets,
"a; nearby hennery browns. extras.
27a3S. Cheese, steady; receipts, 194,502
boxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
COAL BUYING SLOW.

NEW YORK, June % (P.-Despite
the fact that current production OF
bituminous is running behind that of
a year ago, the buying public, Coal
Age reports, refuses to be alarmed by
the labor situation and feels secure in
the belief that present output plus
stock piles, which even now are above
the seasonal average, will take care
of the fuel requirements of the coun-
try. The head of the lakes alone pre-
sents evidence of buying activity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
POTATO MARKET DULL.

CHICAGO. June % R).-Potatoes
Receipts, 126 cars; on track. 267;
total United States shipments. S15
cars; trading slow. market rather
dull; Virginia barrel Irish Cobblers.
60Oa650; according to quality and
condition; North Carolina barrel
Irish Cobblers. 5.75a6.00; Oklahoma,
Arkansas sacked Irish Cobblers, few
sales, ordinary quality, $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
CHESAPEAKE AND CURTIS
BAY LINE PRICE HELD HIGH
1895, 900, Agreed Upon by Western
Maryland Excessive, I. G. G. Ex-'
aminer Reports.

By the Associated Press.
A price Of 1926, 900, which the West
ern Maryland Railroad has agreed to
pay for the capital stock of the Chesa-
peake & Curtis Bay Railroad, a short
line in Baltimore, is excessive, an ex'
aminer's report to the Interstate Com
merce Commission today declared
The commission was advised to with
hold permission from the Western
Maryland for the completion of the
purchase. The Chesapeake company's
capital stock at par is $4,000.
The Western Maryland today also
sought the commissions permission to
take control of the Greenbrier, Cheat
& Elk Railroad, a 74-mile coal line In
West Virginia. The Maryland COM
pany proposes to guarantee payment
of the interest on the Greenbrier COM
pany's outstanding obligations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
GIESKE CHAIRMAN.
Baltimorean Heads Reorganization
Body Of Middle States Oil.

Special Dispatch to The star.
BALTIMORE, June 22.-Alfred w.
Gieske of Baltimore has accepted the
Craftsmanship of the reorganization
committee OF the Middle States Oil
Corporation. Proxies will be sent to
stockholders this week asking for
support OF the committee In its efforts
to straighten out the affairs of the
corporation.
Only four members of the commit
tee have been named thus far, but
it is expected that others will be
selected within a few days.
Neither Mr.. Gieske nor any Of his
associates on the committee has had
any utilization with the Middle States
Oil Corporation. 1t Is understood
that banking interests already have
acted to finance reorganization.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
PACKING OUTLOOK FAIR.

NEW YORK, June % @-The
outlook for the packing industry is
fair, said Thomas II. Wilson of Wilson
& Co., sailing for Europe. 1t was a
little too early in the year to estimate
what the industry would actually do,
he said but indications pointed to a
fair year,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
MERGER, APPROVED.

NEW YORK, June % R.-Stock
holders of Central Leather Co. todaI
voted overwhelmingly in favor Of thl
company's merger with United Statet
Leather Co. through the formation Of
United States Leather Corporation.
Shares voted for the consolidation
totaled 301, S41 common and 332 400
preferred, while 1886 shares of pre-
ferred and no common shares were
voted against the plan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
BEEF CATTLE HIGH.

Beef cattle have sold this Spring at
the highest prices for the season since
1920, the Department of Agriculture
said yesterday in its Spring cattle re-
view All classes and grades Of cat
tie participated in the advance, the
general price increase over last year
and the five years average ranging
from IL to 81 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
BUYS WATER COMPANY.

NEW YORK, January % LP.-The
Davenport Water Co., serving the city
of Davenport, Iowa, has been &C
quired by American Waterworks &
Electric Co. 1t has daily high-serv-
ice pumping capacity of 21,000.OoO
gallons. supplemented by $4,000, 900
gallon booster capacity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
NEW YORK MARKETS.

NEW YORK, June % @.-Rye
firm: No. 2 Western, 1902 fob. New
York and 1881 elf. export. Barley
steady: mailing, 1.01% elf. New York
lake and rail. Wheat futures opened
barely steady; domestic July, 1863.
Other articles unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
BURLESQUE MADE 1000.

NEW YORK, June % R.-The
New York Bond Club made a net
profit of $4,000 last year on it's bur-
lesque financial publication, the Bawl
Street Journal, which sold for SO cents
a copy. Publication was suspended
this year out of respect to Robert
Bould, a leading contributor, who died.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
PRICES ON PARIS BOURsE.

PARIS, June 20 OP.-Prices were
irregular on the Bourse today. Three
per cent rentes, SO francs 25 centimes
exchange on London, 124 francs GEN.
times; per cent loan, 76 francs 10
centimes The dollar was quoted at
rs francs 54h centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
TELAUTOGRAPH PROFIT.

NEW YORK, June % @.-Net
profit of Telautograph Corporation
for the five months this year rose to
S103.636 after expenses and taxes,
from s7s,754 in the same period Of
1925. May net profit was $22,531
against S16,7S2 in May last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
RUBBER ADVANCES.

NEW YORK, June % (SpeciaD.-
Crude rubber, smoked ribbed sheets,
advanced II cent at today's noon quo
tation of 35% cents. This compares
with Al cents month ago and 44h
cents year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
PULLMAN MEETING.

NEW YORK, June % CR.-A meet
ing of stockholders of the Pullman
Co. has been called for July II to vote
on the exchange of certain assets for
shares of stock in a new corporation
under the plan previously outlined.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
PRICES co HIGHER
IN COTTON MARKET
Advance SIight-Buying Is
Due to Expected Unfavor-
able Weather Forecast.


NEW YORK, June 22.-The cotton
market opened steady today at un-
changed prices to an advance or
points, and sold about 6 to Z points
net higher in early trading, October
advancing to 1903 and January to
1871.
There was buying on expectations
OF unfavorable features in the weekly
report Of the Weather Bureau, reports
OF further rains in the South and rela-
lively steady Liverpool cables, but de-
mand was not active and the advance
was checked by realizing or liquida-
ton.
Private cables reported continental
liquidation in the Liverpool market
absorbed by trade calling and London
buying, and a fair turnover in fine
cotton goods for home trade and the
continent In Manchester.
New Orleans Market.
NEW ORLEANS, June % R.-
After opening easier the cotton mar
ket today rallied on reports of too
much rain in the belt and of increas-
ing weevil infestation. July traded
up to 1868, and December to 1922,
which was 10 to IL points above the
opening and to points above yes
terday's close. Fear of heavy July
notices both here and in New York
was holding constructive sentiment
in check.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
DISCOUNT RATE CUT.

BRUSSELS, Belgium, June % up.
The National Bank of Belgium to-
day lowered it's discount rate from 5h
to per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
BUTTER rs EASY.

NEW YORK, June % R).-Butter
easy; receipts 21,502.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-22
Worth While Savings No,O

A remarkable refrigerator offering, simu1tane-
Gus with our Davenport Bed Display
including the famous Leonard Cleanables,
a11-white porce1ains, ash and oak porcelains-
efficient white enan1e1-1ined front and top
icers, Leonard Polar Kings and others-an
at substantial reductions for quick clearance.
Many equipped for electrical refrigeration.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
No Changes Made
in Income Tax Law


Warning that no changes have
been made in the state income tax
law was issued to taxpayers today
by T. II. Thoresen, state tax com
mission
'The impression seems to be prev
alent with the public that the state
income tax has been repealed or
changed by the legislature" Thore-
sen said. This is not correct. No
change has been made in the state
income tax law"
"Two bills were introduced for the
purpose Of changing the exemptions
and the rate of tax but both were
voted down. All single persons who
were residents of the state on De-
cember 81, 1926, having an income
OF $1,000 or over should file re-
turn.
"Ali married persons or those at
the head of a family and having an
income Of $4,000 or more should file
return. The reports are due March
l5."
Since the proposals to change the
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
Swift Liner Causes
Injury to Johnson

Washington. March 1l.--CF--An
accident which may prove Il serious
blow to Washington's pennant hopes
in the American League race this
year has occurred at the Senator'S
Training Camp at Tampa. Fla, in
the injury Of Walter Johnson, vet
eran pitching ace, during batting
practice.
Dispatches said Johnson had frac-
tured a small bone in his left foot
when hit by swift liner from the
bat of Joe Judge. and that the in
jury would set the pitcher back at
least three weeks in spring training
The injured member has been placed
in a plaster cast and Johnson will
return to Washington Sunday to wait
the mending of the broken bone.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
BEEF CATTLE;
OUTLOOK

The number of cattle marketed in
1927 probably will be materially less
than in 1925, and prices of slaughter
cattle are expected to average some
what higher than last year according
to report of Paul G.. Newman,
statistician of the United States
Division of Crop and Livestock Es-
timates.' Unusually heavy slaughter
of cattle and calves during 1926 re.
duced numbers on farms and ranges
i'm the United States to the lowest
point in years. Stocker and feeder
cattle, generally, in the United States
probably will meet a strong, active
demand throughout the year. De-
mand for beef is expected to con-
tinue to be about the same level as
last year when the total domestic
consumption was the highest or
record. There is little prospect OF
increased competition from abroad OF
from other meats in the domestic
market.
The inspected slaughter of cattle in
the United States during 1926 was
the third highest on record next to
1917 and 1918. Inspected slaughter
of calves was the second largest, ex-
ceeded only by 1925. The combined
slaughter was the second largest, ex-
cceded only by 1915.
The estimated number of cattle on
farms and ranges in the United
States on January !, 1927, appears to
have been materially less than on
January l, 1926. The decrease was
due largely to severe drought and
crop failure owes large areas in
Kansas. Nebraska and the Dakotas,
although most other regions showed
decreases.
During the first six months of 1927
the market supply and slaughter are
expected to be considerably smaller
than in 1926. Average length of
feeding this winter may be longer
due to the larger proportion Of light
weight cattle and calves on feed.
There probably will be larger de-
crease in the market supply Of fed
cattle during the first three months
than during the spring and early
summer. 1t seems probable also, that
the marketings OF butcher stock and
inferior cows during the first six
months Of 1927 will be smaller than
a year ago. If cattle prices the next
few months are favorable, the de-
crease in grain finished cattle during
the period may be small. During the
second six months rather sharp re-
duction in marketings of all cattle,
both from the farming and ranching
section, is to be expected. The re-
duction in milk cows and the in
creasing prices for them with gen
cral strengthening of all cattle
prices may be expected to materially
reduce the slaughter of, calves.
Consuming demand for beef and
slaughter cattle is expected to con-
tinuc good during most of 1927. De-
mand for stocker and feeder, cattle
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
Welker Cochran
Has Firm Hold on
Billiard Title

Washington, March 11.-tP)-Wel-
ker Cochran, California cue star, with
four victories and. no defeats. was
firmly entrenched in first place to-
day in the world championship 1872
balkline billiard tournament as a re-
suit of his sweeping victory last
night over Edouard Horemans OF
Belgium.
The Californian won, 400 to %. The
victory came after Jake Schaefer OF
Chicago, former titleholder, had met
his first downfall in the tournament
in an afternoon match with Erich
Hagenlacher of Germany, another
former CHAMPION, 156 to 400. The
contests put Schaefer in second place
and Horemans and Hagepbach in a
tie for third.
Three matches were scheduled for
today in order to complete the tour
namcnt in case of tie. Hagen
lakher was to meet Willie Hoppe Of
NpW York, present champion, now in
sixth place, this afternoon, while
Sehacfer plays Horemans. Tonight
Cochran will face Hoppe. The only
rnStch scheduled for tomorrow is be-
tween Cochran and Schaefer and IN
event Of q tie the championship will
81 Aecided tomorrow night.
A&1ft roing out in five innings last
nirKt for an average Of 80. Cochran
drptfcated previous performance
t4kie&. While not exceeded, has been
y RaAIled by. Schaefer and Hagen.
lo4li1r. Cochran had high run o.
- $50
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11

the total amount Of state taxes levied
for 1925 and collectible this year.
At the same time last year $242,-
944.56 or 500 per cent of the amount
levied had been collected.
The total state levy for 1926 for
all purposes was $3,847 500, compared
with $4.2l9,341.68 for the preceding
year.
Figures compiled by Steen show
that tax collections for 1924 and 1925
were 97.66 per cent Of the total
levied. This is considered remark
ably good in view Of the fact that
an allowance of five per cent is made
each year for uncollectible year.
Total collections of taxes levied in
1925 and due in 1926 were $685.
534.28. The amount levied was 49,
847. 600.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
SimOnich Awarded
Unanimous Verdict
Over Pete LatZO

Chicago, March 1l.-(P)-pete Lat
EOS welterweight crown has another
dent today, put there by Joe Simon
ich of Montana, who won the unani-
nous verdict Of judges and referee
in last nights lO-round match.
Only the pcrcaution Of forcing
Simonich to come in over the weltcr-
weight limit Of l47 pounds saycd
Latzo's title. A hard right to the
stomach, which Latzo claimed was
too low, took all the fight out of tn,
champion in the eighth round. The
referee. Jimmy Gardner, refused to
allow LatZo's protest.
Latzo recently lost decision to
Clyde Hull in Texas but, as in las,
nights bout, the boxers were over.
weight and the Scranton miner re-
tanned his title.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11
Frances

A number from here attended the
A. Y. Fisher sale March 2. Things
sold fairly we'll.
T. Harms purchased some corn at
Menoken. Henry Miller also bought
corn down there a few days ago.
Mr.. and Mrs. Walter Dietzman
were Bismarck shoppers Thursday. !.
Mr.. and Mrs. +. Harms were shop
ping in Bismarck Friday. Vina re-
turned home with them to spend the
weekend.
Mr.. and Mrs. Cedric Craig were
Bismarck shoppers Friday. Miss Es-
ther Kershaw rode home with them
to spend the weekend with her par
ents, Mr.. and Mrs. VIM. Kershaw.
= Mr.. and Mrs. Edward Tellingham
called an their parents here in Fran
ces Sunday.
A number from here attended the
oyster supper at Menoken Friday
evening given by the rabbit hunters
Of this community and from Memo
KEN.
NJ. and Mrs. Henry Miller spent
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-03-11

hay but left It for seed. In 1926. he
cut about one ton Of hay per acre
and declared it made good growth sin
the fall after the rains. -.
Mr.. Nygaard believes that alfalfa
must have good growth for winter
protection and thinks it is also I'M
portant to cultivate in the spring
declaring it makes better growth
after that.
Sweet clover is used by Mr.. n.y.
gard for pasture and hay and he
says that all classes Of livestock like
it very much, although it takes a few
days before they become accustomed
to it.
cts the best pasture it il nos.
sible to have" he says.
He had four acres Of pasture and
kept eight cows on this all summer
and cut four tons of hay in addition.
The cattle were fat and gave the best
flow of milk ever and he declares
that the milk flow came up but drop
ped off again as soon as the sweet
clover hay was gone.
Glover must be seeded shallow on
firm seed bed, he says, declaring
that he believes many people seed
too deep.