davidaulloa/AmericanStories huggingface dataset:
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

The property consists Of 90
claims, located on Fisher river
in the Cabinet range OF noun
tains, in Lincoln county. near
the Idaho Line.
Road Opened
Development Of the property
has been delayed for years due
to the lack Of adequate trans
portation but this situation has
just been remedisd through con-
struction Of a road to the camp.
An assay Of eleven picked
samples Of the ore, taken re-
Gently. showed values averaging
s327.O1 per ton.
CarIoad Nets @8.Oes
One carload OF mine-run ore,
unsorted, directly from the vein.
last year Melted ss,0ss.s7. The
SO Y ton shipment averaged
S7S.O6 per ton in gold. The ore
was hauled out on pack horses.
Completion OF the road makes
the mine for the first time ac-
cessible by car, thus cutting
haulage costs TO a point where
profitable operation is possible.
This process will be further aid
ed by the construction Of a MIN
at the mine. work on which is
now under way.
Free Milling
Engineers estimate that 50%
OF the ore is free milling and
can be saved at the mill with
out shipping and smelling.
IN addition to the gold values.
which predominate, the ore car
ries lead. silver and zinc.
Much Ore Blocked
approximately $50 feet Of tun-
neling has been driven into va
riotN ore bodies and track laid.
blocking out several thousand
tons OF rich ore ready to be
knocked down for the mill.
The property includes two true
fissure veins and 10 lenses, or
blanket offshoots OF ore. The two
veins are about half q mile
apart and extend approximately
5000 feet up the mountain from
the mill site. Engineers have de-
clared the entire ore deposit to
be primary ore.
wide Veins
The veins run from a width
Of 81 feet near the top OF the
mountain to five feet near the
min site at the base and viii
widen and be richer with depth,
engineers state.
The company has completed
CONSTRUCTION OF blacksmith shop
and cabins and has installed
compressor and other equipment.
As soon as the mill is installed,
mining will get under way.
Officers and directors OF the
company are men prominent Ia
the business and professional cir
cles Of western Montana.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14
DIVIDENDS OF
BUNKER hill
s4S,O0o,ooo

Directors Of the Banker
HIM and Sullivan Mining and
Concentrating Company dur
ing the week declared a 25-
cent dividend. amounting 20
ss1.7y0 on the $4,000
shares OF common stock and
bringing the grand total Of
dividends 70 s4s,152, o4s-O0.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14
PHILLIPS COUNTY
BY Phfllips Ceunsy Abufraet o,
MALTA. MONTANA

OF AND Gas LMAaN8
Della J.. Taylor. Capital Gas Corp.
800. N3SW. sWNW "a, SEMI 50.
Bennie Johnson, Capital Gas Corp.
500. 81 20. Nc s.. 4 !. SEINE. 80 q.
IN Z 10 Sec %, NWNW -. 50 "a
500 s8sw %. BEsE. WasR. nfayF,
1928 L 4. 5. Sec. q. W&gN IA
sW 35-5z-S4, WSSE S9-sS-84. SE8E,
Amer G. Auboi. Afontana UTILITIES
Gas Co. 81 90. NV E-8-S4
CERTIFICATES or LOCAFf0N
~ Bahn Fanak
Trinity and NJ Eion Al. Trinltg aae
-. Zion G. Quarts q Lode saie
ciaiuia
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

WHIST Is AElning2
Mining Is q moving job.
not unlike digging a cell
lar. running . railroad tun-
nes, or building 8 subway.
Qualifications and equip
ment for moving the ore
or rock at the lowest cost
Per ton are practically the
sazne ia all three Of these
Jobs. These is no more risk
in one than the other. It
is simply > question o. pre-
qualiflcaEion and equip-
ment.''AEining Truth.
=. =. =. = =. =. =. \. =. =. =. =. =. =. Z.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

Birdia Claim, Taken Over From StOker Es-
tate, Now Producing Ore for
Shipment.

Development Of another proven Montana gold mine
got under way this week Norris when the Grab
stake company organised by Ben H. Jackson and former
Senator Fred Whsssde began taking from the Brda
claim for shipment.
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

" ITO BATE structural nan sf Drv
Creek SHOWING TOD conto1ra. Non
tana OIL Jeurnai supply Department
Great Falls, Montana
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

amatS black 1880 aharaa} HaabuFst
on a ReNnfng Company preferred
stock wiz SELL et reasonable fIEare
FER cash 81 wtfz tuaasd@f eaHA @4Ae
otff Rex M cars &eAaaAz 81
seusnat
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

Montana Representation ts henSis esfs.
piefe line 81 cordaRe. FOR parflcninrn
write Box rs. q Aontaua on Journsi
Great Falls, Msntana. f-5o.z
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14
OIL FIELD OPPORTUNITIES

Herein are listed Of the best bargains to be
found In Montana oil fields today. The man who wants
royalty, leases field equipment viii find what be
wants IN these columns. Il win pay Jon to glance
through this column for In Il found the bargains
that escape the casual reader Effective May l. the
advertising only 26c per line counting six words
to the line Payment MUST Be made in advance
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

2 = y - Ninins properties, quarts
ersker Box xa c~re - ss ss-esssa
on 1ournal. Great Faiss. nsesess
&c
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

kfSE sAAsA--A late model. gas powered
vii contracf 70 Do rernrts'-s, -.
grasslng. = Brenan, Hstai -
o' oI'A SO
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

ANNOUNCEMENT a. ansass.n s.....
gsvyv acre tract for Oh ara 90
tnat sc win eubleasa Is uranra,,e,..ss
operators thst ariu via fbeir 49,
eapltat located long Ire Heehe.s-
townships l5S Ranso n rse-
ssctaeaFy Coanty Oh Asseelafio~
1879. Norfh pakota- I-si-d
Montana oil journal. (Great Falls, Mont.) 192?-1931, 1931-03-14

1AHaAtN % one percent azndownev.
rstaft9 o. So acfes Liberty no.-e
e1ese e well now S~iSfr~ 49,
prospect Address Box vvitss~
ron inertia Dakota sue
The Washington times., 1931-05-02
Commissioners Notices

COMMISSIONERS OF THE DISTRICT OF
CoLUMBIA;-Notice is hereby given
nent system of highways contained in D. C.
ended June 50, ia14 r iPublle Act so 10. 4Sb,
ss amended by an Act Approved April 80.
1925 (Public Act No. 15s. seth Con.
gress). the Commissioners of the District
in the Board Room Of said Commissioners
on Monday. May 18th 1881. at 10 o'clock
A. NJ, to all persons interested or owning
land within the territory affected by pro-
posed changes in the plan of said perma-
nent system Of highways described as
follows VIZ Property in the northeast
by Anacostia Park on the north. 42nd
Street on the east. Kenilworth Avenue
on the South. and Anac3stia River on the
west .. Property in the northeast sec
ton located within the territory bounded
by New York Avenue on the north. West
Virginia Avenue and 18th Street on the
street on the eest
the northeast section located along the
line of Michigan Avenue between 7th and
Metropolitan Branch of the B. & o. R. R.,
and also property along Sth and Newton
Streets south of Michigan Avenue. 4;
within the territory bounded by Michigan
Avenue on the north. 18th Street on the
east Otis Street on the 99uth and 14sh IN
northwest section located within the ter.
ritory bounded by Rodman Street on the
north. American University grounds on
the east. Glenbrook Road on the south,
and Fordham Road on the west. 8. Prop.
erty in the northwest section located
within the territory bounded by Beech
Street on the north. Daniel Road on the
east Worthington Street on the south.
and Barnaby Street on the west. T.. Prop
erty in the northwest section bounded by
Garfield Street on the north. 40th. Street
on the east u Street on the south. and
Foxhall Road on the west &. Property
in the northwest section located within
the territory bounded by Van Ness Street
on the north Reno Road on the east.
Sedgwick Street on the south and Ne
braska Avenue on the west. 9. Property
in the southeast section located within the
Territory bounded by Atlantic Street on
the north. the District Boundary Line on
the southeast and Nichols Avenue and
Giesboro Road on the west. Plans show
ing proposed changes in the highway plan
of streets within the territory described
above are on display in the office. of the
Surveyor of the District of Columbia,
Room 4O5. District Building. and may be
examined by interested parties during
business hours prior to the hearing. Such
plans will also be displayed at the hear
ing. and the Commissioners will consider
any suggestions or protests concerning
the proposed changes as shown on above
%sqtTnsd msRFEs plans CROSBY 5oHF EF1cG6T e G6T
walls. Commissioners of the District of
Co1unhia
The Washington times., 1931-05-02
BLAMED
ON POLITICS

ATLANTIC CITY, N. j., May 2
G.N.SD Political meddlers and
legislative panaceas" were blamed
today for the business depression.
Julius Barnes, chairman of the
Board Of the U. S. Chamber of
Commerce, made the charge last
night at a dinner which closed
the chambers annual meeting.
Citing politics and governmental
interference with industry as the
chief causes of the worldwide
industrial depression, Barnes de.
manded curtailment of "legisla-
tive panaceas."
San Francisco was selected as
the meeting place for next year
Officers chosen we're: Silas H
Strawn, Chicago, president; Julius
H. Barnes, New York, chairman
of board; A. j. Brosseau. New
York; w. H. Wiley. Sharples, W.
Va; John G. LonSdale. st. Louis;
w. Rufus Abbott, Chicago: Karl
De Laittre, Minneapolis, and Paul
Shoup, San Francisco. vice presl'
dents. Oscar Wells, Birmingham,
was named treasurer.
The Washington times., 1931-05-02
MARKET.
PROBE ASKED

President Hoover yesterday re-
ceived a petition urging him to
appoint a committee to investi-
gate the New York Stock Ex-
change.
The petition was signed by A.
S. Brown, jr., of Boston, so lead
ing Boston architects and 200
others from throughout New
England. Some $3OO,00O,O00 in
construction work is being held
up in New England alone "on
account of fear and uncertainty
induced by conditions now exist
ing on the exchange" it was
claimed.
Under the heading stop Bear
Raiding," the petition says:
1--WE respectfully request that
you take action, either by an
investigating committee or in
such other manner rs may
commend itself to your judg-
ment, to check the evils and
abuses that are now generally
admitted to exist on the New
York Stock Exchange"
The Washington times., 1931-05-02
CLOTH MARKET

NEW YORK. May 2 Q.N.SD.-
Sales at low prices we're a little
larger in volume today, trading
being done on spots and contracts
of print cloths, bag sheetings and
odd convertibles. Some of the
sales were reported as Of a con-
fidential nature at special prices
a shade lower than recent quota
tions. There is still a steady de-
mand for many wash fabrics not
we'll stocked, but coming from the
finishers very steadily. 1t is
stated in the uptown dress man
ufacturing trades that the num-
ber of garments of all cotton going
out this season is running ahead
of anything previously known
among the larger producers. Do
mestics seem somewhat slower,
and buyers are only taking fill
ing-in requirements. There are
many goods yet to be delivered
on past orders in all divisions of
the trade.
The Washington times., 1931-05-02
Capital Home Ownership
Urged as Investment

George A. G. Wood, president
of the Washington Gas Light Co.,
urges home ownership in the Ma.
tional Capital as one of the best
and safest investments for the
average family man. Mr.. Wood
says:
Washington has been par.
ticularly fortunate in q year Of
economic unrest in that it did
not have q single bank failure.
There has been no major de-
preston in this metropolitan
area, nor any widespread serious
employment problem. EconOmi"
caIly this city is sound; its fu-
ture assured.
There are many advantages
of living in this capital, where
economic life is so stable. They
are not fully realized. Because
investment opportunities outside
seemed more spectacular, Wash.
ington has not been exploited
to the fullest extent. Many
shrcwd business men are be.
ginning to see this.
Zone of the best investments
the average man can make Is
in a home. This is especially
true in Washington because the
wonderful system of spacious
parks makes it an ideal resi-.
Dental city.
"No one who has bought a
home through a reliable real
estate dealer has had to sit back
and sec his investment dwindle
to half its value in a few short
months. Real Estate Board fig
ureS show that right now there
are fewer unsOld and vacant
houses here than for some time.
more people are coming to
The Washington times., 1931-05-02
COTTONMARkET
DULL Landowner

NEW YORK, May 2 GN.S).-
Cotton prices continued to work
lower in today's shortened session.
With the sharp break in yester-
days session extended further
under the influence Of persistent
liquidation. Although Liverpool
closing bids were 10 to 16 Ameri-
can points higher than due, this
exerted little effect on trading
here, and after q generally steady
opening, quotations Sagged from 6
to 10 points, with July particularly
weak, falling to 9.63 for loss Of
30 cents a bale.
The decline was orderly how
ever, with trade buying and short
covering absorbing offerings on a
scale down. At the days low
points, practically all deliveries
were at new seasonal lows. Buy
ing was reported as coming from
Liverpool and the Continent, with
demand for the near months at
tributed to cooperative brokers,
and for the more distant options,
from New Orleans. At midday,
May sold at 9:45, off S. July off
6 at 9.67, October off 6 at 9.99,
December off S at 1922, January
off / at 1899, and March off 8
at 1850.
The Washington times., 1931-05-02
N. Y. BOND PRICES

NEW YORK, May 2 QN.SD.
Foreign government bonds in
some sections of the market fell
off sharply the weekend.
Losses in American speculative
bonds were generally confined to
a point or two, while Liberty
bonds moved ahead to the best
levels in more than a month.
Montevideo 6 per cents fell off
6 points to So, leading the down
ward move in the South Amerl-
can issues. Brazilian IS fell OFF
2 points to 68, and the 61as lost
3 points at 40. Rio de Janeiro
6l2s were down a point at 40. In
the European group Prussian IS
fell off IA to 1872.
Liberty first 43ss sold at lob
for the first time in a month or
more. Fourth 4As were steady
around 104.4. Treasury As moved
ahead fractionally to 1888, and
the 33ss of At to 1927.
The Washington times., 1931-05-02
APRIL CAR SALE
SETS RECORD
FOR D. {.
Richard J. Murphy, Manager
Of AutomotiVe Trade Group,
Sees Prosperity Evidence

Washington automobile dealers
during the month of April estab-
lished a sales record surprising all
previous months in the history Of
the industry when 1881 new auto
moels were sold at retail.
Richard j. Murphy manager of
the Washington Automotive Trade
Association, in a statement, said:
"The automobile industry, it
was predicted, would lead the
country back to prosperity.
Washington this year has been
the leader in this movement,
showing an increase for the
first four months of 1881 over
the same period of 1880 of FL
per cent, while the country as a
whole for the first quarter regis
tered a 20 per cent decrease"
Mr.. Murphy said the April, 1881,
figures beat the next highest
month in local industry, which
was established in March, 1929, by
400 automobiles, and exceeded the
next high month by approximately
500 automobiles.
The Washington times., 1931-05-02
PRICES Of CURB
STOCKS SAC

NEW YORK, May 2 G.N.SD.
The Curb market continued to
show a heavy tone at the week
end today, with renewed selling
further extending the sharp de-
cline sustained in yesterdays late
trading.
Utilities were singled out for
heavy pressure, with weak spots
being uncovered in American Gas
end Electric, which was off 1A,
at 62A, American Light and
Traction off 7s at 405s. Electric
Power and Light Warrants off
13s at 205s, and United Light
and Power off 1A at 81. Elec-
trio Bond and Share, while re-
ceding with the market, was well
bought on a scale down, show
ing loss of less than a point
at it's low of 403s.
Cities Service sagged to 143s
for a loss of u point. Oils turned
sharply reactionary, with Gulf
breaking 13s to a new, bear
market low at 502s, Standard of
Ohio off "a at so, Vacuum off
112 at 40, and Standard of Ken
lucky off 7s at 1873. Specialties
were rather quiet, although it was
apparent that offerings were
plentiful at lower-price levels
Especial weakness developed in
Aluminium, which was off 3 points
at 146, and Mead johnson off 23s
at 893s.
Investment trusts made a rela-
lively favorable group showing,
with losses of a generally unim-
pOrtant character.
The Washington times., 1931-05-02
Scrap Prices Fall
In Leading Markets

Weakness in the country's prin-
cipal scrap markets continued un-
interrupted during the week
However, with the exception of a
25-cent decline in heavy melting
steel at Chicago to a level of
$3.50 a ton, heavy melting steel
quotations are nominally I'M
changed.
At Pittsburgh, hydraulic COM
pressed sheets are off IS cents q
ton and minor grades. with the
exception of blast furnace borings
and turnings, are lower.
The Washington times., 1931-05-02
HANEYH|TS1929
PROSPERITY
BRAND
Too Costly, Ayers Economist,
Urging Frank Reflection
on Cures for Depressions
BY LEWIS HANEY

Down in Atlantic City the
United States Chamber of Com
merce is holding a sort Of funeral
service. The Secretary of Com
merce has said a few kind words
about the character Of the de-
ceased business prosperity.
On the side, at various round
table conferences, those in attend,
ance are gOssiping about the
shortcomings of the late lamented
boom.
Frank Reflection
Perhaps a little frank reflection
on the transitory character of in.
flated prosperity" and the van.
ity of psychological treatment for
the serious ailments of the bust
ness body may be good for the
souls of those in attendance.
1t is good, for example, to find
government authorities admitting
that once wild boom has devel.
oped, all efforts to prevent Seri
Gus recession are vain. Mr.. La
mont admits that even the public
works program can not accomplish
much.
He does not even mention the
tariff or the Farm Board. He Is
content with challenging anyone
to show that more could have been
done to check the recession.
Getting Things Mixed
But we are getting three differ
ent things all mixed up. One is
the defense of the Administration
and its advisors. Another is the
problem of relief for temporary
distress. Another still, Is the pre-
vention of future booms-and
periods of great prosperity.
The last is fundamentally the
most important We don't want
any more such prosperity"
1t costs too much. I'm this con
neCtiOn, recommend that every
one read what Mr.. Stephenson
head of the American Bankers AS
sOciatiOn, had to say about in
flated standards of living and high
pressure selling).
Truth Essential
After all is said, the one great
point is to have the business game
played honestly and intelligently
To this end, the absolute truth
about business and financial con
ditions, fearlessly and forcefully
expressed, is the most important
aid.
Then a wise and timely control
over bank credit could do the rest
If artificial price maintenance
schemes are prevented.
The Washington times., 1931-05-02
MONEY MARKETS

NEW YORK, May 2 1.N.SO.
Call money renewed at 112 per
cent today and per cent on
the curb. Money was in fair
supply with little demand.
The time money market was
dull and unchanged with rates IS
follows. so days at 112 to 2 per
cent, 80 days at ia to 2 per
cent, 100 days at 2 to 2A per
cent, $50 and 1870 days at 214 to
az per cent.
The bankers acceptance mar
ket is not very active with both
supply and demand only mod
crate. Rates are unchanged at
ia per cent up to 9n days, 13s
per cent up to 100 days at 1E2
per cent, up to 180 days.
It is reported in the CONNER
cial paper market that several
names have been offered at 2
per cent, although there have
been no transactions at this level
as yet. Ruling rates for prime
names continues at ga Der cent,
The Washington times., 1931-05-02
DRUG
EARNINGS UP
S28,771
Net First Quarter Profit Is
Nearly Third Higher This
Year Than Reported in 1880

The Peoples Drug Stores, Inc.
quarterly report covering the op-
erations of this company and its
affiliated corporations for the
three months period ended March
81, was made public today.
Net profits for this period, after
all charges, were $121 1863 com.
pared with $92,598 for the same
period in 1880, an increase Of
$28,771.
After providing for dividends
on the outstanding preferred
stock, the common stock earnings
in 1881 were $82,306 as com.
pared with $51,973 for the same
period in 1890. The common
stock share earnings for 1891
were 66 cents per share as com.
pared with Al cents in 1880,
The Washington times., 1931-05-02
Baltimore to Cut
Interest on Savings

BALTIMORE, May 2 U.S).
All banks and trust companies
members of the Baltimore Clear
ing House will reduce interest
rates on savings accounts from
4 per cent to 312 per cent effec-
tive June i, according to an
nouncement made by Waldo New
conner, president of the organiza-
ton. The shrinkage in the value
of securities held by the banks
was blamed for the action.
The Washington times., 1931-05-02
TRACTION NETS
S112,074 IN
QUARTER
Profit Only $4.47 Less Than
Same Period Last Year, But
Passenger Drop Is Heavy

Capital Traction Company
earnings for March and the first
quarter, as reported to the Pub
lie Utilities Commission yester-
day, were below those for the
same periods il 1880, although
the drop was not great.
The statement for March
showed a total net income Of $43,-
S47. The total net income for
March, 1890, was $45,692. The
drop, therefore, was a little less
than $4,000.
Saving Effected
Operating revenues were $344,-
191, against $353,562 a year ago,
a decrease of $9,371 Operating
expenses and taxes totaled $270,-
962, in comparison with $279, 1896
a year ago, a saving this year Of
$8,9O7. This left an operating
income of $73,22e, against $73,-
693 in March, 1880, decrease
Of $463.
The traction company carried
4,1O1, ,677 revenue passengers dur
ing March, against Abbott in
March last year. a falling off in
traffic of 632,300 fares.
Dip For Quarter
In its report covering the first
quarter of this year the company
showed total operating revenues
of $1,000, 493, in comparison with
$1,O39 ,9C6 in the same month IN
1880, a decline of $35 .407.
Operating expenses and taxes
were $8O3.557, against $837 7,187,
or a reduction for the first three
months of 1880 of $33,630. Oper'
ating' income totaled 5000, 0,941,
compared with $2O2.718, a de-
crease of $1,777.
The company reported a non.
operating income Of $3,917
against $4,230 in the like period
q year ago. Gross revenues fo1
the three months totaled $204,
858, compared with $2O6,953 last
year.
Net Off $4,471
For the first quarter the cor
poration reported a total net in
come of $112,074, against $116.
546 last year. a falling off in net
Of the small sum of $4,471. Reve
nue. passengers dropped to IL,
940,612 from 13,915.832 in Janu
ary, February and March, 1880,
decrease of 1875, ,220.
The Washington times., 1931-05-02
German Rail Income
Off OUer S4O,OOO,OOO

BERLIN, May German
federal rail revenues dropped
more than $4O,O00,0OO in first
quarter from like period of 1880
and more than $7O.OOO,0 900 from
first quarter Of 1929, it was an
nounced today.
Income is still sufficient for
distribution of Z per cent divi-
dend on preferred stock, however,
il was stated
The Washington times., 1931-05-02
EDITOR TO SPEAK

The fiduciary section of the
District of Columbia Bankers As
sociation will meet at dinner at
the willard Hotel next Tuesday
when Edward j. Reilly. legal edi-
tor of Trust Companies Maya
zine will speak.
The Washington times., 1931-05-02
WASHINGTON TIMES

BUSINESS OFFICE 1872 h ST. n W
RATES DELIVERED BY CARRIER IN
WASHINGTON AND ALEXANDRIA
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BY carrier at 10 cents per week: daily
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daily and Sunday 25 cents per week.
The Washington Herald daily and Sun
day tS delivered By carrier at Is cents per
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Orders can be sent BY mail or telephone
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