davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Nothing succeeds better than
SUCCESS and the person who
follows success can do not better.
There is no industry in the world
which has made so many great
fortunes as the oil industry. II
is the most successful industry.
There is no business at the pres
ent time that has seen so re-
markable a record as having an
INCREASE in the sale Of its
principal product during the most
drastic depression in history.
That is the record Of the oil In
dustry, in having shown 9 GAIN
in gasoline sales during 1881
and still growing. Then in turn
Montana has taken more out in
proportion TO the investment in
its oil industry than any other
state in the Union, again explain
ing why major operators are to-
day turning their attention to
this State and abandoning OPP
erations elsewhere.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

To follow the operations Of the
most successful operator is an
other matter, requiring informa-
ton which is not generally dis
seminated. That is a function Of
this organisation. We are at the
present time issuing a bulletin
covering the territory IN, which
Dry Creek is located, giving the
geology, history Of development
and pertinent facts regarding all
Of the other structures along the
Dry Greek anticline. Members
who received our early compre-
hensive report on the Sweetgrass
Arch the report on the Sweet
grass Hills area and the recent
Rocky Mountain sharp-dip area
report have some idea Of the
comprehensiveness and value Of
this report. Copies viii be fur-
nishe to members and any 9TH
ers eligible and wishing to join
this organization.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

An old Indian. down ia 0kia-
homa hard np. weat 70 the bank
% berxvw eaee. The banker
said 4 would be al risht. pro-
viaed he had soma security. The
deal finally was made me In
dian giving a morssage on 80
ponies
Not long after thak, Oh was
struck close 70 the Indians allos
msnf. and his royalties yielded
him lot o. cash, 50 he stepped
into the hank and peeled on
sieo bill to pay the loan.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

All these facts were known to
the hundreds Of operators who
stacked their tools and quit. The
reason for quitting was the fact
that they could not AFFORD to
continue their drilling, no matter
what may result from the failure
Of the individual operator to keep
up the pace Of necessary drilling
These operators have continued to
sit idly by and see more than
ONE HUNDRED MILLION
BARRELS OF STORAGE emp
tied WITTY no oil in sight to fill
them. No matter how low the re-
serves Of storage oil, what is the
operator to do who has no mon
ey with which to drill more wells
to refill these tanks7
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

tAasY"
p. b H. G.: ''ssAs0aine,
funny face"
o q q q
mother when thai naughty
boz threw atones At you, Why did
not come and ten me. instead Of
shr0winw thssn back At htm1"
wniis: what good wOuld II
Do to ten yOu9 You couldn't hit
ths eide q . barn"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21
3 q 8 q

y @oou~ q aame eams e
wAik.
o . q ~
He had Joined : golf cluh. and
en his first round Ne bit the bali
e mighty swips watch ~ aoms
niracie landed II IN the hole IN
ons.
Al the second tee came anoth-
ar miracle.
Again he aid the hole in one,
and as the ba1l disappeared IN
90 me hole he tarned around.
white and trsahalng.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Each oil field is a complete his
tory unto itself. Each starts and
ends in similar fashion. A geolO
gist finds sloping rocks dipping
off in four directions and con
cludes that a suitable reservoir or
trap for oil exists under the
ground within reach Of the drill.
At Dry Greek this trap was
known 70 be more than a mile be-
low the surface of the ground,
and Ohio was under no 7elusions
when it started for its goal Of
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

The gas and oil al the discev-
cry well in Dry Greek seemed to
mean about as little to the world
as anything that has ever hap
pened in the Montana oil indus
try, yet measured By the well
completed in a NEW HORIZON
on the axis of this structure dur
ing the past week, il now appears
as one of the most important
things IN the history Of the State.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Those are things we know To
DAY. This is not the time to
hop into Dry Creek and try to
profit BY this fortune making
discovery. Henry Ford, starting
with a bicycle shop, developed q
Iow-cost automobile that has made
tremendous fortunes. That is a
fact known by everyone. Yet ev-
eryone IS pretty well convinced
that the fortunes HAVE BEEN
MADE and this is not the oppor-
tune time to plunge into the man
ufacture Of lOw-cOst automobiles.
Identical opportunities recur in
the oil industry, however.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21


A frnesrmatz hmd sent
IL emr4afns 70 faAe eEsaB@Es-
Il wma eas secoaa aay th@e
ahe mouse had stood um-
wsnsd. One nneEning fhs fol-
1owsnw moae mrr1woa feoEn .
sorority across ehe avemme;
Demx Bars: aGAy we sag
gcst goa proeure curtaaAs
for wandoms7 We do not
care sor q coarse IN Anat-
ony.v
Tns caap WAC lett has
shAvins 70 rsaa enc ncee
answered.
Spear Girls: xhe course
Is op&koma"
q q q q
1st Colored Boy: MY gal am
so black when she cuts her fin
ger, the blood am black.
end C. B.: Boy. you amt saw
nuthin' yst. Ny gal am 80 black
when she coughs II takes thir-
" minutes Cor the sOot to settle.
q q q =
II q dtplomne says yess
he means peaaaps; 4 he
says perhaps. be means mol
II he says no, he's NO dipfo-
INST.
n LADY says no, she
meAns perhaps; ~ she says
perhaps, she means yes;
but II sAe says yes. she's mo
LADY.
q q o
Yes, there's a terrible surplus
Of wheat in this country. but It
could be worse. It could be spin
ach.
b d n q
Recent statistics show that
forty per cent Of German
couples are childless- Looks
as II the bOttom had drop
ped out Of the storix market
q b q q
Here, aunty, called out a
man as he was passing negro
shack, do you have to whip that
boy 60 hardY What's the mat
teri"
Hes let them chickens out"
answered the old negress.
rs that augg soothed the man.
Don't you know chickens al
ways come home to roost2 p
Come homel Hes done let
'em 90 bomei9
b n q q
s'And what prompted yoH
to propose 20 me. dear2r
''Kou." said ne. simply
and sadly.
. d q . :
yes unused the returned s
Arctic explorer, "at one time we :
came within an inch OF freezing !
10 death. Luckily. however" :
He gazed reflectively at the :
ceiling :
I'VE had the presence Of mind :
10 fall into a heated discussion. I"
q q q q
II just heard your SON was
an mndertaker. Won said he
was physician"
''No. iust said he was
following the medical pro- =
fesslon.@
b D q d
q q q u
"Your husband Is simply wild :
.bout you. isn't heg"
yves, he raves about me In his 6
ieep. but the absent-minded fell =
ow nearly always calls me By s
he wrong naner g
q q = q
John. the little devil, tried TO 8
ass me six times last night"
80 he kissed you six times, 8
mr.
& q q &
She y adore dark men.
'Yon'd have q splendid time in !:
.frica
.S
=
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Cat Greek is one Of the most
profitable oil fields ia the world,
yet it win in its life produce on
" a fraction Of the oil that Dry
Greek win produce.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

gone UP. UP, UPWARD with
the completion Of each new pro
Queer. Dry Greek Is the ONE
spot Of normal activity in the
State today. Were there FIVE
such fields. our members holding
royalties in these i've fields
would be enjoying the same
thrill-thst Of being on the RIs-
ING market while other things
are going down.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Imagine, then, the days az hand
when the greater number Of oper-
ators win be back in the field,
hurrying to take advantage Of
the coming increased prices, for
it is a known fact that while the
oil industry has been hard hit
it is emerging from the crisis on
a sOunder foundation than ever
meaning that it is possible for
the man with OIL TO SELL to
be more fortunate than ever be-
fore.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

"Tnats tine. renArAed tne
banker. when the basineaa was
completed. ''but you donse want
70 carry ali that money Aroend
with you. Better leave Il Aere
with me-
"All right. replied che red
ska. "how many ponies yom
gots~
q q q q
Mr.. abwr Gienn vol-
hva pEsaacea tAat the Ed
oe she wuuad win couue in
less
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Back in the days when Ohio
Oil company reported the discOy-
cry Of considerable Tow Of gas
with considerable oil in a wildcat
territory in Carbon county, in
vestors little realized the signifi-
canoe Of that showing which is
today regarded as non-commer-
cial
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21
Succeeding With Success

$500 feet, for another well had
been drilled 70 $500 feet on Dry
Creek before the Ohio arrived.
That Is again . chapter in the
history Of every oil field We
know Of NO Monkana field that
did not hawa one or more dry
holes On Il begore production
was actually developed. There
was the old Miller well on the
west flank Of Kevin-Sunburst
There was the old Bannatyne
gas well at Bannatyne; there
were the TWO wells on the west
flank Of Pondera.-and so on,
down the list.
Then comes, in the history Of
each field, the development Of
something more than geology:
definite SHOWING. That is the
point at which fortunes are
made. The thing which differ
entiates the successful man and
the unsuccessful man is the deci-
sion at THAT point. In Dry Greek
we found this situation:
The Ohio had a flow Of
gas and SOME oil, with the
hole in very bad condition,
at a depth Of more than s.
600 feet.
It would cost from $780,
600 to $150OO0 to determine
whether the well proved the
existence Of a commercial
oil pool.
If the second well did
NOT produce, it would be a
matter Of throwing GOOD
money after BAD. But it
was impossible to get any
profit out Of the field with
out spending MORE money.
At the same time, there
was no market in sight for
the volume Of production
that would justify the drill
ling Of mile-deep wells.
Furthermore, there was a
reported world over-produe-
ton, business in general was
bad and the oil industry, in
particular was reported in
chaos.
Yet in the face Of all this, the
canny Ohio officials saw in this
SHOWING the something which
caused them to make Of bunch
Of badland acreage a 800, 000,-
600 oil field.
Investors who saw the signifi-
canoe Of the Ohio's move in Dry
Creek had one Of the greatest OPP
the Montana oil in
dustry afforded. Royalty prices
in Dry Creek were too high. We
found only TWO properties which
we were willing to submit to our
members, unfortunately
These two properties now af-
ford us a lot Of solace. While the
stock market, the bond market,
land values, inventories and
have been going
down, the value Of our
Dry Greek royalty has steadily
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

These two properties now af-
ford us q lot Of solace. While the
stock market, the bond market,
land values, inventories and
what-haye-you have been going
steadily down, the value Of our
Dry Greek royalty has steadily
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Every operator realizes that
the market for petroleum pro-
ducts is INCREASING. He
knows that present fields are
NOT capable Of producing
enough to care for the d0mes-
tic market; that unless NEW
fields are developed to offset the
natural decline Of the old fields
that an actual SHORTAGE Of
domestic oil production is immi-
nent; that at least NINE new
major oil fields must be discover
ed each year to keep supply Of
crude up with demand.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

During the past week another
prOducer-the sixth oil we'll
has been completed IN the field
which Ohio Oil company opened
MP with this Tow Of gas and
showing Of oil. The Ohio did not
hesitate, after finding the first
showing, but proceeded immedi-
ately with the drilling Of a sec
ond well. 1t was completed as
q producer, with a reported mi
tial of 1900 barrels per day.
Then followed an energetic drill
ing campaign in which the Ohio
has proven up an area Of oil
lands estimated to be worth
THREE HUNDRED MILLION
DOLLARS. That is a bona fide
engineering estimate Of the value
of Dry Creek oil field.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Furthermore, there was a
reported world over-produe-
ton, business in general was
bad and the oil industry, in
particular was reported ia
chaos.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

II will be recalled that this field
was discovered AFTER the
business slump and it is a fact
that the oil industry was the first
to go into the slump. Other bust
ness seemed to tumble after ii,
The worlds largest oil companies
stacked their tools and stopped
NOT only the development Of prov
en- and producing properties but
halted wildcat drilling, dismiss
ing their organizations Of geolo-
gists, scouts and others.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Yet in the face Of all this, the
canny Ohio officials saw in this
SHOWING the something which
caused them to make Of a bunch
Of badland acreage a $500, 000,-
600 oil field.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Investors who saw the signifi-
canoe Of the Ohio's move in Dry
Greek had one Of the greatest OPP
portunities the Montana oil in
dustry afforded. Royalty prices
in Dry Greek were too high. We
found only TWO properties which
we were willing to submit to our
members, unfortunately
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

But not 90 with the Ohio Oil
company. TIE 0hio HAD money
and is USING H. IN the full
knowledge Of all these facts.
There are a lot Of places where
oil wells can be drilled for a
lot less than the cost Of wells in
Dry Greek, bat OHIO Oil com
pany decided to develop new oil
reserves WHILE THEY ARE
NOT NEEDED, and decided that
the best place 70 develop these
reserves Is IN MONTANA.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1932-05-21

Yes, there's terrible surplus
Of wheat in this country. but L
could be worse. It could be spin
ach.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
STOCK MART LAPSES !
into APATHY During
ITS short SESSION
Turnover Of 400, 900 Shares
Was Smallest Recorded
Since Last August

New York, Feb. 2z-(R)-The stock
market lapsed into apathy in the
short session Saturday, and while a
little weekend liquidation appeared,
the list as q whole was barely chang
ed.
The turnover of some 100000 shares
was the smallest since last August, as
several floor traders who have been
providing the bulk Of the trading re-
Gently failed to appear for the Sat-
urday trading. The closing tone was
barely steady.
Whether the latest threats of con-
gressional investigation of the bears
had anything to do with the slump in
trading was subject Of some discus
sion in brokerage quarters.
A few isolated soft spots cropped out
Auburn Auto sank to new low for
1892 at IS, off AZ, then recovered
partially. Sante F'e dropped 2 points
on its January net operating income
report, showing deficit of $l25,901,
then recovered a point. Baltimore
and Ohio reported a slight gain over
January of last year, but the stock
made no response.
Lambert, directors of which are ex-
pected to meet for dividend action
Mar. I, lost points. Western Union
was again soft spot, losing 2 points
Selling of this issue has been attri-
buted to adverse earnings estimates.
There were few firm spots. Amer
lean Telephone finished about point
higher, as did Consolidated Gas, Air
Reduction and United Fruit. Home
stake Mining. which has reflected the
increased profits OF gold mining from
time to time in recent months, was
again firm, rising points.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
FINANCIAL REVIEW

New York, Feb. 27.-(P-Stocks
took a back seat this week to watch
interesting. if unspectacular, move
ments In the drive against deflation.
The federal reserve bank of New
York contributed a rate cut to tho
now sizeable list of agents which have
been modified for the campaign.
In some quarters the changed bank
rate was associated with prospective
government financing.
The market for domestic corpora
ton bonds has been sluggish. but the
relatively steady tone contrasts sharp
ly with the happenings of couple OF
months ago when banks were selling
unanimously.
Events in the stock market were OF
no particular moment. Trading SEEM
ed highly professional and trends
were weakly defined. Negative bust
ness statistics, poor earnings and more
dividend reductions on the one hand
and the short selling issue, on the
other, served to strike balance that
kept price movements rather narrow.
Except for Auburn and some inactive
stocks, few issues got out of the rut.
Signs of expanded activity in the
Ford plants gave the business baro-
meter jiggle and hopes for belated
seasonal gains In heavy industries are
still being entertained.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
Rooms for Rent

FOR RENT-Furnished apartment on
ground floor, gas heated. hot water
at all times Also furnished Sleep
ing room. Phone 619-W or call at
GIG Sixth st.
FOR RENT-Exceptionally well fur
nished sleeping room in nice loca-
ton. Must be seen to be appreciat-
ed. Call at 421 w. Thayer. Phone
688-M.
FOR RENT-Front bedroom on first
floor. Adjoining bath. Board If de-
sired. Also garage for rent Call
at 900 10th st.
FOR RENT-Sleeping room. Gentle
men preferred. $3.50 per month.
Also garage, $500. 423 9th st.
FOR RENT-Three very pleasant
furnished front sleeping rooms in
strictly modern home. Always hot
water In good location. Prices
ranging from SIG. $l4.O0 and $780,
Call at 623 9Th st.
FOR RENT-Furnlshed downtown
sleeping room, day, week or month.
With or without board. Call at 3ll
Fourth st. or phone 627-M.
FOR RENT = Nicely furnished room
in modern home. convenient dis
lance to business district. pleasant
surroundings, reasonable rent.
Phone 1899.
FOR RENT-Room, furnished for one
or two, hot water at all times. POI
Ave. A West and corner of Mandan
street.
FOR RENT-Exceptionally nice large
sleeping room, suitable for two;
single room: also a very nice large
basement room with private en-
trance. suitable for light housekeep-
ing. For sale baby buggy Call at
6l0 Avenue A.
FOR RENT-Large pleasant sleeping
room, suitable for two. Call at GOT
FIT, street.
FOR RENT-Room in a modern
home. Close in. Lavatory in room
with hot and cold water. Large
closet. SIS 4th st.
FOR RENT-Cozy room in quiet
home for business woman. Gas
heat. Always hot water. Board if
desired. Call at 406 5th St. Phone
S09-R.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
MINNEAPOLIS REVIEW

Minneapolis. Feb. 27.-(R)-(U. S.
Dep. Agr)-Grain markets main
tanned a rather steady tone during the
week ending Saturday.
Although domestic wheat quota
tons declined fractionally for the
week, stubborn undertone was ap-
parent.
Cash wheat was dull and easy
throughout the week. Demand aver
aged slow and premiums for the week
were easy to / cent down as COM
pared with futures. May declined q
cent, closing Friday at 70A.
Durum worked some lower with
general trade in domestic markets
light. A steady cash demand persist
ed for suitable milling lots and cash
durum held firm.
Rye showed no net change for the
week. May closed at "A.
Oats was dull and narrow, prices
working off fractionally for the week
In sympathy with corn. May declined
y cent. closing at 25k.
Barley also showed little net
change, closing virtually at the same
figure as the week before. Cash de-
mand was rather steady. May closed
at 41M.
Flax ruled steady May closed at
1891.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
Livestock
SOUTH ST. PAUL REVIEW


South st. Paul, Mimi, Feb. 27.-(R)
|-(U. S. d. Ala fairly active close
featured in the hog house where val
ues are on the average around 10c
higher for the week. Bulk OF the
good to choice 160-225 lb. weights
cashed at 3.80-3.90, 225-240 lb. aver
ages largely 3.70-3.s0, 24O-325 lb.
weights 3.40-3.70, while most 140-160
ID. weights turned at 3.50-390. Pack
Ing sows sold largely at 3.10-3.25,
smooth sorts to 1886, pigs selling at
800. strongweights to 3.25 and above.
Some late strength in the cattle
market wiped out part of the early
losses but left closing values still
steady to Csc lower for the week,
steers and yearlings showing the loss.
Fairly we'll finished offerings Of all
weights this week sold at 6.35-7.00
with bulk Of the fed steer and yearl-
ing quota from 4.25-5.75. Most beef
cows centered at 2.50-3.25, butcher
heifers 3.50-4.50, fed kinds to $50,
cutters going at 10000, bulls large
ly 2.00-2.50, while vealers on a one
dollar break close at 100000.
Little II any change has marked
the fat lamb trade, good to choice fed
offerings selling at 6.00-610 recently,
strictly choice fed kinds around 6.25.
Medium lambs sold at 5.00-5.50,
throwouts 3.5O-4.5O. while slaughter
ewes turned at 100000.
Little price change has marked the
outlet for replacement cattle this
week most thin StocknrS Sallipo az
3.00-4.00, fleshy well-bred kinds to
$50. Stock pigs sold largely at 800
1925, while medium grade feeding
lambs turned at $50. Choice range
offerings at 5.5O-5.65.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
SIOUX CITY

Sioux City, Iowa, Feb. 27.-(AP-
u. S. D. A)-Cattle 100; calves none;
market for the week: killing steers,
yearlings and she-stock Is lower
stockers and feeders slow; load lots
good long yearlings up to IT'S; few
500; CARROTS medium weight steers
76O; bulk short feds $50 to 800:
choice kosher heifers 6.25; odd lots
medium to good lights 3.75 to $40;
bulk cows 2.75 to 3.25; load lots
choice fleshy feeders 600; numerous
sales common and medium kinds 3.25
to ATS.
Hogs $500: mostly steady, l60 to
ESQ lb. weights 365 to $50: top $50;
few 26O to 325 Id. weights 355 to
3.65; odd lots 14O to 100 Id. weights
1925 to 3.65; bulk sows SIS to 3.35;
pigs salable 2.25 to 800.
Sheep none; market nominal;
market for the week: fat lambs
steady to weak: feeders steady to
strong: late bulk slaughter lambs to
packers 600 to 6.15: top 6.25; weeks
top 6.65; feeding lambs largely $50
to 500: few SOS; 70 Id. shearing
lambs $50.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-02-27
Norbeck Says Feed
Loan Limit Extended

Washington, Feb. 27.-(R)-Action
by the agriculture department to
make livestock feed loan funds avail
able to farmers in northern section
of South Dakota was reported Friday
by Senator Norbeck, Republican, of
that state.
Senator Norbeck said the period in
which the loans may be made had
been extended from Feb. % to March
10, several counties in the northern
part Of his state made eligible, and
the maximum limit on each loan
somewhat increased.
The fund from which the loans will
be made is the balance remaining
from an appropriation made last
year.
The agriculture departments ac-
ton followed conferences with Secre-
tary Hyde In which Senator Norbeck
and the North Dakota congressman
participated.
The seven new South Dakota
counties added to the feed loan area
are Corson, Walworth. Edmonds,
Brown, Day, Grant, and Roberts.