davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01
WILL DEEPEN
WELL WHICH
HAD SHOWS

ansANAAAAA
Announcement has been
made by E. J. Murray,
president Of the Langweil
Valley Oil and Gas Co,
that negotiations have been
commpleted with the In
terstate Petroleum Co., Of
San Francisco, whereby
the latter viii complete
I.angell Valley Oil Com
pauy's wildcat on the
klamath Falls Structure,
now shut down at about
$500 feet.
According to the plans, as
announced, Interstate Petro-
leum win either complete the
present hole to 5000 feet or
win drill a new well to that
depth on site to be selected by
their geologists on holdings Of
the local company. The con-
tract calls for commencement
Of operations by October l,
1891 but according to w. L.
Denton Of Interstate, it is
probable that work will com
mence within so days.
The LangelI Valley Oil and
Gas Co., commenced drilling
July, 1927, on structure 30
miles east Of klamath Falls
and about three miles east of
Bonanza, Oregon. The struc-
ture was outlined for the COM
pany by DR.. Howard and L.
s. Barnes, and was recently
checked BY w. L. Denton, ge-
ologist fro the Interstate Pc
troleum Co. According to the
geological reports, surface for
nations are lower Miocene-
the numerous basins and up
lifts indicating favorable oil
structure.
A IL 1-2-inch hole in good
shape at 1850 feet, in brown
sandy shale thought to be in
the Carboniferous, was had
when drilling was suspended
last May, pending the compile
ton Of the deal with the Cal
ifornia company. An oil show
ing was reported at 1920 feet
and from 1878 to Pip. Gas
was reported at 1905 feet and
from 1859 to 2250, the latter
flow giving considerable
trouble in keeping the hole.
On resumption of drilling il
is planned to set a string Of
10-inch pipe to present bottom,
and probably continue the OPP
Grafton with rotary equip
ment. Present depth was
reached with cable tools.
The company is a closed one,
headeds by Mr.. Murray, who
formerly was publisher Of the
dailies at Klamath Falls and
Coos Bay, Oregon. Walter
West is secretary manager.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01

Not long she whole prosperous and every
bofsy Investing ia everything. To-day maMy
state Of gloom and despondempy ge there
read times sgnboad and imtTret the handwriting the
wall"
Prophets, who two proclaimed the world IL
state q perpetual advancement and financial glory
see but little hope through the clouds Of despondenc doubt
ana pesslm'sm
That's just Why those who able couraaeously
grasp opportunity the foreaOck.
with confidence and interpret the handwriting tina
waIl in times like these obscnEay mm0mm
identity achieve financial
naent IN promising enterprise.
Investments made successfully By rule Of
thumb Some Investors to by investing In
companies old enough whiskere believing that Ia
lies stability but splits
privileges present
buried beyond the hope profitable
high development costs.
The great Hudson's Bay Company Of CRnada that has
weafheFed he and depesstone Of decads and
representing millions Of dollars invested kas 10 ats
reear dividend Fifty hunaRed hanhs fnt Within the
olgAo Billions u apnfs
have ousIek b q profitable xpxs1ans
else they fail.
IN the cycle Of events
and Of prosperity budding and
prosperity beyond is II only read
lines signboara interpret handwriting On the
wall"
We do not clahn he prophet interpreter
OF heroglyphics, pont e0mEmHy THAT il
ahead and making profits even ~ these tAmes
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01

Electric Bond & Share Company, which
through its subsidiary, the Montana Power
Company, is now constructing a gas pipeline
from the Cut Bank district to Butte and Ana
conda plans to extend the line through Idaho
to southeastern Washington and down the
Columbia River to Portland. Oregon.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01

east and the limits 81 practical
drilling depths on the wasi In
this region the Alberta geosyn-
cline is so narrow that the east
ward thrusts. which formed the
Canadian Rockies, have been
able to transmit their force en-
tirely across the geosyncline and
cause a regular system Of anti
clinal and syncIinal folds ex-
tending well up on the Sweet
Grass Arch.
These resultant anticiines are
comparable to those In Northern
Oklahoma. both as to the system
Of doming at intervals ana the un-
DERIVING causes. The Oklahoma
fields lie between the Granite
Ridge Of Eastern Kanses to the
northeast and the oklahoma City
basin to the southwest
~The Alberta folds lie be
tween the Sweet Grass Arch to
the southeast, and the trough
Of the Alberta geosycline to the
northwest. In all respects they
appear adequate to trap Of"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01

Glen M. Ruby Tells Association Members
Prospects Are Bright In Region
East OF Rockies

Calgary, Alberta, August Five years
of exploration work in Alberta has satisfied
Glen M. Ruby president of Nordon Corpora
ton. that many oil fields will be found IN the
province, with the plains county providing
the most interesting major discoveries
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1931-08-01
FIELD IS EXTENDED

Drilling to date has served to
demonstrates that the gas Is not
confined to any one regular
producing horizon but that It
may be found anywhere in this
region from the basal Colorado
down to the contact.
1t is reported that several addi-
tional locations are to be made
in this district during the COM
ing week by the o'Neil organiza-
ton.
The Waterbury Democrat., 1931-04-18

ward trend from 1,258 in 1929 to 1,- 48O in 1890 the listed values going from $15.736,926 In 1929 to $17,- 271,175 in 1890.
 The number of mills and factor ies increased from 136 to 146 and the corresponding valuations de- creased from the 1929 figures of 9,457,9O0 to the 1880 figure of $18,391,3S0. This shows an increase in the number of mills and Q de- crease in valuations.
 The land acreage shows $4,627,- $50 for 1930 and $4,446,830 for 1929. Machinery shows $13,267,160 for 1930 with the figure of $16,263.225 for 1929 another decrease. Horses and mules, decreased from 163 to 145 from 1929 to 1880 with the val ues listed as $15,195 in 1920 to $13.- 030 in 1880.
 The balance of the figures are as follows: cattle, 221 valued at &14,. s25 in 1890. 213 valued at $15.s16 sss 1szs yausS snsep G Gats ana ,so gSusr snG 2.160 valued at $I.685 in 1929.
 Carriages, wagons and bicycles, 1880, 7,12O; automobiles. 13,651 val- ued at $3,81S,S85 in 1880 and 12,- SIS valued at $3,927.426 in 1929.
 Furniture. 1880 $1.64S,625 and 1929, $2.190,sS5; goods and mater. ials (stocks fin stores) 193O, $19.- 329,495 and 1929, $16.51O,O86; with the final item of cables and under ground wires. 1880. s2,03715O; 1929 $1, ,061, 300.
The Waterbury Democrat., 1931-04-18
TROLLEY COSTS
 UP lO9 PER CENT
Statistics Show This In crease to Have Taken
 Place Since 1914
MATERIAL. BIGGEST ITEM

Although the most drastic effect upon street railway income in the past decade has come from the com- petition of the private automobile and the consequent reduction in the number of passengers. there are many other factors which have se- verely influenced the finances of the trolley lines. Among them is the greatly increased cost of equipment, materials and supplies. The Con- necticut company has received @ bulletin containing statistics com piled by the American Electric Rail- way association which show these costs for 1880 as compared with pre- vious years. The figures were ob. tained from large companies which deal in railway materials.
 Statistics furnished by the General Electric company show that since the basic year of 1914 the average cost of electric railway apparatus and supplies has increased 109 per- cent. The largest increase has taken place in the cost of railway line ma- terials which to-day Is more than three times the 1914 price.
 A table compiled by the Electric Service Supplies company of Phila- delphia, which handles various rail- way accessories, including pole line hardware. headlights, trolley catch CTS, destination signs, car lighting fixtures, fare registers and the like, reveals increases varying from forty to 160 percent since 1914.
 A third table, furnished by the J. G. Brill company of Philadelphia, car manufacturers, shows that the cost of trolley cars, exclusive of their electrical and air brake equipment. has risen 172 percent since the start of the World war.
The Waterbury Democrat., 1931-04-18

Who wouldn't feel that justice should be tempered in such a case as this?
 A wife and eight children, 8 re- cent operation for appendicitis and one pending for another physical ail- ment and no work.
 That was the alibi of Charles Asevici. 57. of Il Congress avenue when he pleaded guilty in police court this morning to the charges of operating an automobile with no brakes and without a license.
 Judge John F. McGrath. who heard the evidence apparently and the prosperity of .he state mo- tor vehicle department as well as the financial condition of the defendant. He advised the accused to put his car away so not to be a menace on the highway and suspended sen- tence.
 The accused was but one of four taken in last evening in a joint in- vestigation of all motor vehicles by state and local police. More arrests are to follow as the result of the periodical drive against defective cars. More than 500 machines have been inspected here within the past two weeks and in each case the op- orator or owner served with notice to have certain defects taken care of and to furnish proof of his obe- dience to the instructions within a reasonable time.
 : Ignatz Descent of 80 South Leon ard street, whose place of business was raided by the emergency squad, was fined $75 and costs for viola ton of the liquor law.
 Virgil Slocum of Oakville ob- tained another continuance to-day on the charge of evading responsibil- ity. His machine struck and in-
The Waterbury Democrat., 1931-04-18
POWER REPORTS
 IN STATE BETTER
Increased Electrical Gain Reflects Better Business
 in Connecticut
MARKET RISE IN l93l

Indication of 0 definite trend to- ward the improvement of business conditions in Connecticut is found in the monthly reports of the Unit ed States Geological Survey for January and February which show an increase in the production of electricity in this state of fourteen and ten per cent respectively as compared with the corresponding months of last year. The production of electricity is generally conceded to be a barometer which accurately reflects the trend of current busi- ness since a large part of the total generation is consumed in manu- featuring and commercial plants.
 The January production of cleo tricity, amounting to 136,744,0O0 kilowatt hours, Is the third largest monthly output in the history of the state. It fell below only the totals of October, 1929. and October. 1880. February generation because of the short month is customarily less than January's and there was no excep- ton this year, the total for the sec ond month being 122.894,000 kilo- watt hours.
 The revival in electrical produc- ton has taken place only in the 1890 with the exception of Decem- Der showed a decline in generation as compared with it's corresponding month in the previous year. In De- cember, however, there was an in- crease of one per cent over the production figure of December, 1929. Ths increase has continued in Jam uary and February. It is an in- crease entirely created by steam plant production, the water power output up to the frs of March still being considerably below last years because of the dry weather which prveailed for almost two years.
The Waterbury Democrat., 1931-04-18
Trading Continues
 To Dominate Market
Omission of Dividends Acts as Check Upon Part of the
 Public to Buy in Quantity

New York, April 18.-Notwith- standing unmistakable signs of busi- ness improvement in number of directions, the market for the time being continues to pay little heed to this constructive feature. The req son for this, of course, Is that public sentiment has been dampened by the action of various companies who have seen fit to omit dividends, or reduce them, until their earnings again undergo improvement. This policy, of course, is a conservative one and without doubt will be re- versed when business conditions inn prove, as they are bound to do as times goes on-indeed, evidence is not lacking that these are surely, if slowly. gaining headway and are ex- pected to gain momentum in the coming months. Developments in this direction will naturally tell in the long run but with the bear ele- ment at present in the saddle, and with the public participating in the daily transactions to such a small extent. this feature is without infiu- ence for the time being. l'
 Starting with the encouraging
The Waterbury Democrat., 1931-04-18
Regulars in the
 Tax Exemptions
(Continued from Page 1)

corded veterans of past conflicts.
 The bill goes further and grants to the members of the regular army a $200O exemption on all personal or real property which they actu- ally use in serving as members of the regular army.
 State Tax Commissioner William M. Blodgett did not oppose the bill when 1t came before the committee on financve for hearing. On the other hand the measure had sub- stantial backing.
 Another bill of interest to ex. service men is to be passed on Tues day. It provides for the transfer of portion of the income from the sinking fund to the Soldiers, Sail- ors' and Marine fund.
 Judge T. V. Meyer of Waterbury was among those who appeared be- fore the finance committee in sup port of this action. It was pointed out that the demands on the fund Is greater than ever and that ad- ditional money is needed The act provides that any money no win the sinking fund that is not needed to carry on the expenses of the Sol- diers'. Sailors and Marines fund may be transferred to the fund, it. self, to be disbursed under the guidance of the usual trustees.
The Waterbury Democrat., 1931-04-18

whose term expires July 1, it was suggested Elwell might resign be- cause of III health and the governor reappoint Alsop and appoint Smith to Elwell's position. The United Press was informed by an official close to the governor to-day that this procedure undoubtedly would De followed should the resignation of Commissioner Elwell be forthcom- ing The commissioner has been se- riously i'll for some time.
 It was believed in some quarters that this would result In an amic- able agreement between the demo- cratic chief executive and the re- publican assembly majority for the confirmation of both appointments. The republicans apparently were de- termined to have Alsop reappointed and the governor was just as inter- ested in "seeing some new blood put into the commission" as one of his friends expressed it.
 But such compromise appears out of the question, judging from by republican leaders to-day.
 Several expressed extreme doubt such a plan would "iron out the diff ficulty."
 Said one leader, who asked that he remain unidentified:
 T shouldn't care to venture def mite statement without considerable thought, but at first thought 1t strikes me that the mention of AL sop's name along with that of Smith would result in no change of the assembly's decision in regard to Smith.
 q cannot see how the assembly could reverse it's stand on Smith. The committee on executive nomin- ations based its unfavorable report on its contention that the candidate had not the practical experience even though he evidently had ac- quired a marked theoretical knowl- edge of public utilities. No, can not see how this opinion could sud- denly be changed. even though Mir Alsop- should also be named by the governor"
 Whatever the situation, it is be- lieved certain the governor will not allow the Smith nomination to drop. He Is represented as convinced his candidate is best fitted to serve on this important commission.
 Should Elwell decide to remain a member of the commission and should the governor refuse to name another than Smith, Alsop would remain in office until the rising of another assembly.
The Waterbury Democrat., 1931-04-18
FOUR AUTOISTS CAUGHT IN POLICE NET
First Annual
 April Capers Will Take Place April B at
 the YMCA

Edwin H. Kratsch, general chair man of the First Annual April Caper given by the residents of the Y. M. c. A. announced at committee nreeting last evening the various committees who are to promote this formal ball.
 The entertainment committee is Gordon McCuen, chairman; William F. Walton and Orville Pruett. Pro- gram committee-Ray Hopkins, chair man, William F. Walton, Charles swanton, and Aubrey E.. Greenlaw. Favors-John F. Cavanaugh. chair man, John Moynahan, Saul Geffner, Gordon McCuen. Decorations. Ben jam Colder, ZAP Schott, Saul Gef- finer, "Al" Sheehan, Lou" Drexler, 'Ap Drexler, Edwin Kratsch, Jerry Davis, and Louis Bisio.
 Wittstein's band of New Haven will furnish the music for this grand affair, which takes place Thursday. April 2S, 1881. A nun dred couples have been invited to attend. The dress will be formal.
The Waterbury Democrat., 1931-04-18
5. N. E. I. co. CUTS
 DOWN TOLL DELAY
Average Call Cut From Five to One Minute in Ten
 Years
BIG GAIN IN CALLS

The speed with which telephone toll calls are completed on the lines of the Southern New England Tele- phone company has been improved more than four hundred per cert within the last ten years, company records show. In 1920, the average speed for the completion of a toll call was more than five minutes. In 1880, the average time required for completion had been cut to less than one minute, so that to-day the diff plete a toll call and that needed for local connection is a matter of seconds.
 This reduction of speed has taken place despite the fact that in the same interval of years the number of toll calls handled in the com panys exchanges has increased from approximately thirteen million per year to nearly twenty-five mill lion. Improved facilities in tele- phone service have come rapidly in the psat decade, but none have been of greater importance than those which have made 1t possible to ob- tain connections with subscribers in distant exchanges in less than one minutes time.
 ou0 Ol tHe IilSI SICdI SLCpS III iC- ducing toll speed was the so-called A-B system whereby the placing of station to station calls was handled directly by the local operators with out the need of calling the toll office. This system was rapidly spread to include all exchanges in the state. In 1929, came the dial tandem system, enabling the local operators who take customers or ders to complete calls directly to dial telephones in nearby exchanges. This requires only one operator in- stead of two and time is therefore saved. Last year. a new type of toll board was installed in some ex- changes which permits the placing of person to person toll calls by dialing Operator" instead of the usual toll office number. The sys- tenn will be extended as rapidly as practicable.
The Waterbury Democrat., 1931-04-18
Brighter Outlook
 for Business
(Contlnued from Page 1)

which was made by Ernst & Ernst, Accountants, as compared with 1921, concerns had higher profit margins on sales than in 1921, larger sales in relation to inventories, smaller inventories in relation to plant investment, larger sales in re- lation to net plant investment, and larger profits in relation to capital 
 Further, the report reveals. net profits in relation to gales were high Ter in 1880 than in 1920, a prosperous |year. Profits in 1920 averaged 5.02 per cent. whereas at the end of 1880 they averaged 5.7O per cent. It was also brought out that net profits slumped considerably less in
 the present depression than in that of 1921. In that postwar def1ation,
 there was a decline from 5.02 per cent in 1920 to Al per cent in 1921. the 1929 figure of 9.31 per cent to
 5.7O per cent, with 1929 admittedly an inflated year.
 Sales also dropped les last year
 than in 1921. In 1920 they were
 4.24 times inventories; in 1921 they
 were 4.14 times inventories. For the high year of 1929 they were 5.24,
 while in 1930 they had dropped only to 5.21.
 Net profits were 1.3s per cent of capital investment in 1921, but were 6.49 per cent in 1880.
 The survey, covering 20 leading in-
 dustrial lines, embraces 180 com
 panies reporting sales and inven-
 tories, and 407 companies as re-
 gards relation of inventories to plant
 Investment, and net profits in rela- tion to capital investment.
 What effect this report may have on current agitation, more or less
 indirect, for wage reductions re-
 mains to be seen. If sound business.
 has been able to weather the storm and emerge in the midst of it in q
 sounder position than in the post war defation. observers here be- lieved arguments for lower wage scales and "a return to pre-war liv- ing standards" would be deprived of
 much of their force. A general re- duction in wage rates might, it is largued, result in decreased buying power. which in turn would tend to depress sales and place producers al along the line in a less favor
 able position than they now occupy. The administration is on record as definitely opposed to any such cut in pay. President Hoover repeatedly has insisted that industrialists live up to their promise to him late in 1929 not to reduce wages. Secre- tary of Labor Doak has taken an optimistic position, maintaining that the agreement is being observed. On the other hand, reports to the department of labor do reveal wage cuts here and there in numerous in-
 dustries. affecting tens of thousands of workers. Ethelbert Stewart com
 missioner of labor statistics of the
 la abor department, has sounded fre- quent warnings against agitation to
 this end, which he says is fomented by ultra conservative, bankers.
The Waterbury Democrat., 1931-04-18

ward United States interests in Nicaragua drew the following edi- torial comment to-day:
 New York Herald Tribune dnde- pendent republican)-"The Ameri- can government has dual re- sponsibility in this case toward American citizens and toward ,Nicaraguans Americans would regret to see the Coolidge policy scrapped so far as the revitalization of Nicaragua was concerned"
 New York World Telegram (inde- pendent)-"There seems to be no one clear-cut policy, but several con- tradictory ones We can and should get out (of Nicaragua. Ap- parently that is the Hoover-Stimson policy-in a slow and indirect way. The sooner that policy can be made fully effective. the better.
 Boston Herald (republican)- Persons acquainted with Central American affairs will be disposed :. to condemn the method which Secretary Stimson has adopted. His statement is so worded as to give the impression that he is not greatly interested in the welfare of Ameri- cans who may soon be in a precari- ous situation"