davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-11-21

TO Farehass hnfaIfs 08 6asns
sr the tHllH& M&1# 1H1f4 tae &A'
Greek Naatene eH Nsfa
PURSUANT 81 tHe PfeFsFieN - See
1870 ia Nsat sf sleA 2FppC
80 ~ dNfHcstf EH ~ neeeffda
e The office 81 The SefFzAfF af thf
tateflor. WaRain4t@o ~ E 81 OF
before boon ca &iesHffs 13. f4&S. fresh
tespousihif htNHsre fer che TarAae
,9s per,ea p.aHin February 3
Pc United Esose& from tloyennioul
81 field
For the calender scar lA,s iAe total
1oferruant royalty ntl leom Laf
trek fleid sn9M4feN - approximately
1900 n&rreiN ara E0k en- prrled
sses. tannaf{ ~ 4ei$ ~ 1851 fo an-
Er2rity "a bo&h Nsses being absat "a
deerees A. g.
Addiiioanl ln4fuaten may BE- o..
tained fFeu &te Nig*Sfort 8eeiaGirai
survey Derargnte ~ ahf saftffor
y ashinNton, ~ e. o. shH Supervisor
Geologirsi survey caepef IS palide
Bids an Invited % thsee separate
urine a. fpixNHN
Item i Royalty 80 Tor she par.
ioa peglnuins Fehrpss :. kskES aan
""||."H"
Item Royalty 90 Ser he period
beginning FFtFAsr9 4Ha2 anA end
log January 81 1885,
Item g. ArFaltt est for she per
iod beEinuiaN NeHFnHFF 4 lil14 4na
eHginF january Aef
For the pefled neTlanihK Fehraary 1.
1882 and eaHlhK 38nn8Fy 81 l9
inauie o. nfM&aF1. Hffefe
cents per heFrri AheTe fne highest
Held price Ter ot3 81 equal 81 Tower
gravity g Qkebeaa ana Kansas
whiehevef Is 50 hlRles ar published
or offered ~ any sesBanHlble FeeoR
nized purchases 81 rFoAe ell
Delivery 81 fnEaify % Wfli be made
N the Geld Without eea % TIE @sV
eminent to tire 8ugteesfol bidder "
Tor bis ace0uNk FafmHnts fer tie
Royalty oii err = he mads g tAe
OFFICE. Dliline8 Monta9n. "a 81
before the fifteenth aaP az aaeh
month folAoNfa6 that "a which aeiiv
arf IS maaa The nuau{ify ant
quality % ihe "a wsli ise determined
By tank meesarnaeatf and suikshie
'eats. the measured Hn4atitx WsA ~
Hpf lmpuflkEe& - excess Of
me half Of eAf psf efnt. ana fht rrl
anne computed 81 terms % standard
barrels Vt 90 degrees FAhFauheit
Each bidder E4ifHf AHHHalt with Mt@
BID q bond la fhe Hnm az $xHNo ~
J certified check Regahie 80 the oraet
y the Eecfefaxy - fhe Interior 81 lhe
Iuln Of &l.eV8 ~ 4 guarantee shat ~
Till. II successful pFemntiH a4esHte
satisfaeiefy contract and faFHNN
'ond in the sum ~ ~ iaaef eifi o
ondiiioned npen Euif ard <asaNsnfl
0mpiiance with fAt terms " flsF
ontracf
The Setrrtafy &c the Interior may
Except the offer of ti,e Highest bid +
Ier and fef bidders AhA reserves the 4
light % reject atl bids wherever
within AIs 3ndHnlfut the Interest nf
he United States demands.
Sealed blas are sa sc Submitted fe /
be Secretary, Department Of the Ia I
erior. Washington ~ c. the "a
elope to te marked plainly n&6
"a Cat Greek royalty OILS No bid
rccirea affer me time herein fixed
or submitting bids win be eonaid
red.
tslened} RAY LYMAN WlLBuH.
Secretary OF the interipf
,ctober -. 1881
Date az first publication Nov 2. 1884
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-11-21

Atlantic-Rncffie uu Company has kaAAn { ieass 60
the &60aeye Blades tract "a the Dry Greek eta 6ela ia
southern Montana from w. " Gah and associated inter
ests Of Billings Acreage involved is MW34 Section 3
The aceaan northwest Of the present producing AREA
what Is believed be continuation Of Tie ankclinal
bald By As 0hlo OH company wAch dxalssd the ascov
cry wen la ibis field Aklansacpacfo OH company has
headquarters IN New YORK ey sad has production ia Wy
omina and Michigan
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-11-21

7I19El1017 777N E717 I17l
tons o. territory were granted
70 lho slase ~ she federal eov-
ernment for the support o. the
publle schools, and tho grant
provided that where such sec
sions, or any part Of them has
Deen sold or otherwise disposed
o. b. the government. other
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-11-21

or near the high though NAM
erous commercial gasssrs have
been brought Ia on the TASKS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
GRAIN MARKET

CHICAGO, January IS (P)-Carried
down by stop loss selling, corn tumbleo
today to fresh low-price records for all
deliveries. Rye also broke the seasons
bottom record and reached the lowest
level in many years. Wheat was reIa-
lively firm, influenced by decrease OF
stocks at Liverpool. Opening "a OF to
IA up, corn later receded all around.
Wheat started at IL decline to 70 ad-
vance and subsequently scored gains.
With unseaSonably high temperatures
diminishing demand from feeders, and
with commission houses persistent sell
ers, corn displayed no rallytng power OF
consequence Statements from official
sources at Washington that seriousness
Of the existing grain situation called
for q one year SO per cent increase OF
United States agricultural tariff rates
attracted attention among corn traders
especially Before price downturnS were
checked May went below 65 cents and
March touched So.
Helping to steady wheat in the face
of corn weakness was continued lack OF
rain throughout domestic Winter crop
territory Reports from India telling Of
good rains there were ignored. An in
crease of nearly 100000 bushels in
the amount of wheat on ocean passage
compared with last week was shown,
but the total remained much under the
figures q year ago. Oats followed corn
rather than wheat.
Provisions were firm, influenced by
SteadinesS Of hog values.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26

the week indicated a continuance Of
the upward trend in activity, but, on
the whole, the increase has been less
than usual for the period. Improve
ment in the steel industry was slight,
operations throughout the country aver
aging about As per cent Of capacity,
against A per cent in the preceding
week. The railroad, structural building
and tin plate divisions are providing
the basis for greater part Of current
activity. Demand for steel products for
inventory repleniShment is reported to
have been below expectations, and sea-
Sonal requirements have been both sub
normal and tardy. Production in the
automobile industry is expanding slowly.
The largest single manufacturer is re-
ported to have stepped up output about
20 per cent in the last week or so, but
increases by other units are more con-
sentative. Preliminary estimates for
January are that around 100000 units
will be manufactured in the United
States and Canada.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26

low Of the preceding week, and cotton
was slightly higher on covering opera
lions, but practically all of the other
principal products gave. ground. Corn
fell to a new seasons low, and wheat
and other grains were reactionary.
Rubber, hide and silk were of. Taken
on the whole, however, there appears
to be increasing basis for the belief
that a degree of strength will be regis
tered in general commodity prices dur
ing near future months. The early
date for Easter should shortly make its
influence felt in both intermediate and
consumer buying, although aggregate
sales volumes will probably compare un-
favorably with like periods for number
of years. The increasing disparity be-
tween wholesale prices and those at
retail, lack of final readjuStments be-
tween supply and demand of basic ma
terialS and legislative barriers to inter-
national free trade, however are factors
which, it is believed, under normal con-
ditions, will tend to keep the long-term
trend Of prices downward.
The principal development in the
money market was the further reduc-
ton in bill rates by one-eighth Of l per
cent, bringing the 90-day rate to record
low of ! " per cent. This lowering of
money rates should ultimately be re-
hected in higher bond prices, for with
call money available at ! per cent, al
though the official rate remains ct ia
per cent, and with yield on bankers ac-
ceptances and other paper at unprece-
IDENTIFY low levels commercial tnstitu-
tons will find it necessary to place
funds in long-term bonds for a salts
factory return. Brokers loans, as re-
ported by the Federal Reserve Board,
fell to a new low record in the week
ended January 81. AS of that date Dor
rowings stood at $1,757 ,000, 900, or $685.
900, 900 below q week previous and the
smallest since November, 1924.
Reports from industry issued during
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
BY FRANK I. WELLER,
Associated Press Farm Editor.

Grain traders apparently have come
to the conclusion that until there is .
decided change in general conditions
they should keep close to shore. An
outstanding feature in all grains of late
has been refusal of the markets to re-
spond to the news and the failure Of
small receipts of corn and oats to slim
ulate the demand.
The corn market is weaker, and
prices have declined to cents at
most points. Some responsibility may
due to an unusually mild Winter in the
Central West. Too, corn prices have
been relatively high compared with
other feed grains.
Weather Favorable.
Good rains in the Winter wheat belt
Of Kansas and surrounding States, to-
gether with mild weather, has Seen IA
Vorable for the new crop and perhaps
market. Further declines in foreign
markets have helped the pressure.
Competition between Russian, Canadian
and Argentine shippers has forced Liv-
erpool prices sharply downward.
Some traders believe the situation
cannot be remedied until the United
States enters the export column, which
is impossible until domestic prices de-
cline to aAout so cents a bushel, which
would be in line with winnipeg and
Buenos Aires. Rhey fear the lack of
export business will be felt severely and
that pressure on the market will be-
come greater
Others, without being able to find a
legitimate reason for 1t, see happier
and more comfortable feeling in grain.
They say Government agencies have
restored confidence to q large degree
by a marginal arrangement protecting
banks and brokers with the deposit of
securities at Federal Reserve Banks.
The plan for loaning old wheat to
millers on basis that will permit them
to engage in export trade is considered
a psychological help to July wheat.
While wheat is being freely marketed
wherever it can be found, undoubtedly
the peak of the movement Is over, and
pressure should be less on old crop de-
liveries and nothing, Of course, on the
new. deliveries.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
GRAIN TRADERS ON SIDELINES
PENDING CHANGE IN SITUATION

Severe weather would very readily cause
q severe scare in July wheat, even
though it ultimately may sell at ma
terially lower figure. The healthier sit
'uation in wheat should help corn prices,
corn having been heavily fed. In q
trading way, there should be oppor-
tunities on the long side Of corn.
Boards Policy.
The Farm Board has said It will leave
July wheat alone unless conditions
change very materially. The Australian
Commonwealth Bank has decided to
make available Immediately, to meet the
Queensland pool, advances equaling Sc
cents bushel on wheat. It is indicated
the Argentine government will not come
to the aid Of the grain trade. So far
Argentine shippers have sold far below
their usual amount at this time of the
year and, regardless Of price, 1t Is in
timated that offerings will increase from
nov on.
Reports that Russia aaain plans to
dump grain for cash has attracted much
attention. 1t Is not known how much
grain Russia has and movements will
be watched closely.
The Kings Bench Court in Winnipeg
has sustained the wheat pool contracts,
which means that $4,000 Canadian
farmers still are bound by their pool
afnliations. The estimate of Canada s
wheat yield has been increased about
100000 bushels. Holding Is In evil
dence in Manitoba and Alberta. The
increase leads some to believe Canada
will be faced with another large carry
over.
France Quits Market.
France has withdrawn from the
wheat market for the time being. There
Is some talk that acreages in several
countries will be reduced next season
and that exporting countries will come
to some price agreement. Under these
circumstances Russia is likely to regain
her place as the worlds largest shipper.
A record corn crop is regarded as as
sured in Argentina, giving the crop an
exportable surplus Of 10000, 900 bushels
In excess of the average. The United
States Is an exporter of corn by-prod-
uctS and If Europe can get corn cheaper
than from this country, 1t may AFFECT
the export market. The Argentine sur
plus otherwise affects domestic corn
prices but Sentimentally.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 26.-The fol-
lowing is summary of important cor
poration news, prepared by the Stand
ard Statistics Co.. Inc, New York, for
the Associated Press:
Weekly News Review.
The security markets moved forward
in an impressive manner during the
past week. Stock market prices as
measured by our index of 90 repre-
sentative shares, gained about as per
cent, while bond quotations continued
to display sustained Strength, many Of
the gilt-edged issues advancing to their
highest since 1928. The weeks offer
ing of new obligations declined sharply
to about 500, 900. This abrupt fall
ing on in new financing was attributed
to the fact that some Of the recent
ordinations were meeting with a slower
demand than originally anticipated.
Activity on the stock exchange was
relatively light. but expanded substan-
tally as prices advanced. Sentiment
has improved considerably in financial
and business circles since the beginning
of the year, and this no doubt has In
cited spectators to cover commitments
for the decline.
Commodity Prices.
Commodity markets were irregular.
OF 40 major commodities. 10 recorded
increases, ~ declined and - were UNI
changed. Silver rose from Its record
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
CITIES SERVICE co.
IN RICHFIELD OFFER
Exchange of Shares on 0ne-for-
Four Basis Is Suggested
by Doherty.
Rx the Associated Press.


NEW YORK, January 26.-Cities
Service Co. common stock will be ex-
changed fer Richfield Oil Co. of Cali
fornia common on a basis of one share
of cities Service for four of Richfield,
Henry L. Doherty & Co. have an
nounced.
The statement said Cities Service
holds a substantial amount of Richfield
stock which will be accepted and sets
February IS as the date the offer ex-
pireS.
Cities Service has had no extensive
operations on the Pacific Coast
LOS ANGELES, January rs (R.-
william C. McDuffie, recently appointed
receiver of the Richfield Oil Co. of Cali
fornta, expressed surprise today at the
announcement in New York by President
Henry L. Doherty that Cities Service
would offer to acquire Richfield stock
on trade basis.
This is the first I have heard Of it,"
McDuffie said when informed of
Doherty's announcement
Several months ago, when Cities Serv-
ice first was revealed as planning ex-
pansion to the Pacific Coast, Richfield
officials denied sale of their properties
to the New York concern was consid-
cred.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
Deere G. Co. Income.

CHICAGO, January 26 R).-Deere e.
Co., farm equipment manufacturers,
reported q net income of $s,l19,112 for
the fiscal year ended last october 81,
equal after preferred dividends to $3.50
share Of no par common stock. Sur
plus after dividend payments was So
970,111. These earnings, exceeded but
twice in the company's history, COM
pared with $l5,1S1, 949 In 1880, equiva-
lent to $1372 q common share. Five
shares of no par common were eX-
changed early In 1880 for one share of
500 par.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
DECREASE IN BANK
CLEAR|NGS SHOWN
Drop of More Than 20 Per
Cent Revealed During
Last Week.
BY CHARLES r. sPEARE.

Special Dispatch to The star.
NEW YORK, January 26.--In the past
the volume Of bank clearings throughout
the country has been regarded as one Of
the most active measurements of cur
rent business activity. Their value dur
ing the period of great speculation in
securities and in commodities, however.
was diminished as clearings at centers
where stock exchanges and markets for
grain and cotton existed. threw those
Of the rest of the country out Of bal
lance.
Now that normal conditions have been
established in speculation, the bank
figures are again looked to as an index
Of what Is actually taking place in busi-
ness throughout the United States.
Decrease Last Week.
The clearings last week showed O de-
crease for the country of slightly more
than 20 per cent. The decline has been
quite constant during January, and Is
approximately the same as In December.
It Is, however, only about half the
amount of the November loss. This
does not mean q great deal, as January
clearings normally are the highest of
the year.
While the average for the United
States was down 20.3 per cent this
week, the decrease was much greater
than this in different localities. For
instance. 1t was over 40 per cent in
Louisville, 81 per cent in Philadelphia
and about the same in Buffalo, 80 per
cent In Atlanta, 29h per cent In De-
troit, over 26 per cent in Chicago and
about 24l2 per cent In San Francisco
and In Richmond. In Pittsburgh It was
only IL per cent, and In Cleveland
slightly over 10 per cent. Portland
showed . loss Of 13ls per cent, approx
loss Of 141s per cent.
The smallest decreases were thosa of
Omaha, amounting to less than per
cent; Cincinnati about 51z per cent.
Minneapolis little over per cent and
Kansas City ga per cent.
New York Figures.
The decrease in New York City was
1874 per cent, against the total loss for
the rest Of the country of nearly a. per
cent. The loss here obviously rejects
the slow state Of general business, for
transactions on the New York Stock Elk
change have been running very much
below those Of q year ago, and for the
month to date are ~ per cent under
those OF the same period In January,
1880.
As an indication Of how far the bank
cleartngs in New York City control the
average change in weekly clearings for
the entire country, the fact may be
cited that IN the second week Of jan
uary, 1929, when speculative markets
here were in excess Of $4,000, 0O0, 900,
or over 10 per cent Of the total for that
week for the entire United States.
(Copyrisht. 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
DEMAND FOR PREFERRED /.
STOCKS HOLDS STEADY
pispatch to The Star.

Special Dispatch to The Star. ~,
NEW YORK, January 26.-Houses
that maintain cautious attitude toward
have discounted the improvement in
business and in sentiment and that
enough Of the short interest has been
driven In to produce further technical
weakness, hold strongly to the opinion
that preferred shares as well as bonds
will 60 on advancing. The action of
senior stocks the past week has been
indicative Of good buying as well as
absence Of liquidation. The market
for them has shaped up so well that
new issues Of preferred shares are be-
ing discussed as O means Of raising adj
ditional corporation capital
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
NEW YORK COTTON

NEW YORK, January rs Especially -
Opening cotton prices today were
steady, point lower to point higher.
In most cases renewed liquidation was
Offset by profit covering by shorts and
by purchases by the trade. Southern
houses and overseas connections Of
fered contracts.
Opening prices were: March, 1892,
of 1; May, 1857, up /; July, 1918,
unchanged: October, HOO, up /; De-
cember, lib, unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
Plants on Full Time.

CHICAGO, January 26 (R).-Presi-
dent r. G. Stirton of the Associated
Apparel Industries. Inc, reported today
all manufacturing divisions were oper-
ating at full capacity and that a new
plant at Gary, Ind, would begin oper-
ations next month. Other plants are
at Belvidere, ILL.,; Elkhart and Logans-
port, Ind; GAINESVILLE, Wis; Ishpeming,
jackson and Saginaw, Mich. and To-
yonto. Ontario.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
MORATORIUM SHOULD
STRENGTHEN BONDS
Financial Students Point Out Ad.
vantage to German Credit if
Action Is Taken.

While the possibility of a German
moratorium has been denied by re-
sponsible government officials at the
outbreak Of every fresh batch of
rumors, 1t remains a fact that German
bonds have sold of at every appear
ance Of these rumors.
This unfavorable' reaction provides
an 1ncongruouS situation, as close stu
dents OF international financial affairs
declare that II Germany should resort
TO such procedure the effect on Ger
man bonds should be quite the reverse.
as the action should strengthen the
German currency and act as greater
insurance to Germanys ability to pay
principal and interest on the obliga-
tons privately contracted abroad.
The Alexander Hamilton Institute
believes the action Of the bond market
in this respect indicates a lack Of un-
derstanding as to Just what a mora
forum would involve. It points out
that the term, as 1t relates to Ger
many, applies only to the conditional
part Of the annuity, while the debt
service of the German international
loan of 1880 (the Young bonds) is met
out of the unconditional part of the
annuity.
The annuttieS to be paid by Germany
are divided into two claSses-an uncon-
ditional part amounting to $50, 900 900
reichmarks, which must be paid in
foreign exchange in monthly INSTALL
mentS under any circumstances, and,
secondly, the conditional part, consist
ing Of the difference between the total
annuity and the unconditional part,
which, although also payable in MONTH
ly inStallmentS and in foreign currency.
is subject to poStponement by Germany
upon three months notice.
An Alsatian dog recently attended the
funeral at Sheffield, England, Of his mas
ter and almost constant companion for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
CURB SHARES MOVE
/ IN NARROW RANGE
Dizziness CharaCterizeS Trad
Ing, Although Market Has a
Firmer Undertone.
BY JOHN A. CRoNE.

special Dispatch to The Star.
NEW YORK, January 26-Dullness
marked the opening of the Curb Ex-
change today and carried through the
morning session, but slightly firmer
undertone came into quotations around
midday.
The usual market leaders, Electric
Bond g. Share, Cities Service. American
Superpower American g. Foreign Power
and Middle West Utilities. were exceed
tngly dull and but little changed.
Announcement of its 1881 cdhstruc-
ton program, calling for expenditures
of 500 900 900, by Middle West Utilities
had bracing effect for time on that
stock.
Richfleld Oil preferred was the feature
In the lower-priced miscellaneous petro-
1eum issues, rising in response to the
exchange offer made by Cities Service.
The latter would give one of its common
shares for each four Richfleld common
shares.
The entry Of Swift g. Co. into the
canned fruit and vegetable business had
no effect on stocks of canning COM
panies. On the other hand, Libby, Nc
Neil g. Libby turned active and Trunz
Pork was up ] u. In the retail food
group Great Atlantic g. Pacific Tea lost
about a third of its 23-point advance
of the past few sessions, while Parke,
Davis g. Co. rose about half point.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
PARIS BoURsE PRICES.

PARIS, January Is tR.-Prices were
firm on the Bourse today.
Three per cent rentes, IS francs 90
centimes. Five per cent loan, 102
francs IS centimes.
Exchange on London, 123 francs 8812
centimes. The dollar was quoted at rs
francs 50 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-26
Construction Budget.

NEW YORK, January rs CP).-The
1891 construction budget of Middle
West Utilities System provides for ex-
penditure of approximately $63, 000, 900,
of which 1t Is estimated $6,00O,O00 will
be carried over into next year for COM
pletion. Construction expenditures last
year appropriated $77,000,000.