davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

OF a. the price prevailing on JAM
nary 4. 1929, only the areas OF
high initial production can be
worked At q profit, the larger low
grade areas being left until higher
prices are Obtalnable.
In another place in the report
the writer says:
what the future production OF
the Kevin-sunbuTst dome may be
can not be predicted, but TO tho
writer it seems certain that within
the next 10 years the field will be
rather thoroughly drilled, especially
II in that time the price Of crude
oil should rise 20 as much rs double
the present price,"
He says, Agains
can estimate By r. d. Ferguson,
OF the Geological Surveys engineer
ing staff, who was stationed &C
Shelby during the summer Of 1925,
puts the economic life Of an average
OIL well in the Kevin-sunburst field
at 8 to 10 years."
Add 90 this the fact that these
wells appear TO BE- wholly indie
pendent Of each other" which
makes &c possible that the greatest
well In KevIn-aunburst may be
brought in by future drilling for
whereas sO% Of the wells in the
field quit drilling In the Ellis
''sand'', the q. s. G. 8. tells as that
''Tn a few wells the basal ''sand'
OF the Ellis is nearly dry, but Oh is
found in the Madison limestone
near it's top, perhaps I'm eavornOus
places. Two wells an Sec. 1S-S4-1W
have q small production from =
bed within 0s feet Of the top Of the
Madison, and one wen In Sec. 17-
85-2w had an initial daily prOduc-
ton Of 1000 baxrels from q bed
about SO feet below the top OF
the Madison limestone"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11
go WeSt' Is NeW Cut Bank Slogan

Returning to Cut Bank field, we must point
out one factor that many royalty buyers have
overlooked
Santa Rita Oil company is starting well on
the Blackfeet Indian Reservation in Section
15-35-6W, as a northwest extension to the
Cut Bank oil pool
There is no better informed oil operator in
Cut Bank field than the Santa Rita. It's
geological data is unquestionably the most
complete. The fact that it was L. B. O'Neil
who developed the Cut Bank gas field and
did tremendous amount of core drilling in
the west end of the field is ample proof that
the move westward onto the reservation, with
the payment Of surprisingly high bonuses is
more than a GUESS.
Furthermore, the Texas company has con-
hrmed these conclusions by paying record
bonuses for Indian lands adjacent to the
O'Neil block. The Texas company has at
Sunburst the largest and finest refinery in
Montana and is very much interested in
getting OIL. The Texas company obtained
its principal block Of leases northwest of
the Tarrant-Reichof producer. The Texas
company has taken thousands Of acres of
leases but it paid more per acre for this res
ervation block than any other of its extern
sive holdings. It's acquisitions were based on
the best of geology and the judgment of
men who have been eminently successful
From the viewpoint of the royalty buy
er, this is important. No royalty buyer can
afford to see the Santa Rita well completed
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

without owning SOME royalty in the dis
trict. There is but little royalty available. at
best, and lot Of the decided land has very
bad title. However, there ARE some few
tracts of good title royalty obtainable on a
reasonable price basis
This matter came forcefully to our atten-
ton during the past week when a Reserva-
ton landowner came to our office to sell some
of his royalty. He wanted more for his roy
atty, miles from the producing area of the
field, than the price quoted on the plat we
are just issuing describing a tract SUR
ROUNDED BY WELLS.
1t occurred to us that with the completion
of another producer on the Reservation, the
day of royalty trading on the Reservation
will be at an end.
We recently issued a plat on a royalty in
the reservation that was one of the cleanest
properties we have ever handled Thanks to
the Texas company which holds the lease
the title is cleared right up to the minute, in
GLIDING all taxes paid-a rather unusual cir
cumstance in this region. This property is
regarded as one Of the most desirable on the
reservation and a limited number of plats
was issued with the idea that everyone would
be very anxious to get such a property.
However, many returned their plats, request
ing royalties at higher prices within the pres
ent limits Of production. It is very apparent
that we have not pointed out this situation.
That the significance Of the situation may
be definitely be understood we wish to repeat:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11
TUo Money-Mdki1g Ideas

n Asst week we pointed out why we intend
to do some further royalty buying in
Kevin-Sunburst before drilling activity
resumes The reason for buying, as given, is
that we expect to buy royalties on PROVEN
GROUND for less money than we ordinarily
pay for wildcat royalties. Such royalty prices
are obtainable in Kevin-Sunburst because the
crowd always goes to the spot where the
brass band is playing With the field under
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

One well to be drilled on the reservation,
west Of present production, is now being
started by Santa Rita Oil company, L. B.
0'Neil's Cut Bank company.
One well, farther south, is being started by
w. M Fulton, who passed up many available
leases in the field proper TO choose q prop
erty farther west where he could gamble for
"big one"
Another well must be drilled this year,
under terms Of tribal leases, on the reserva-
tiOn, by the Texas company.
Most Of the reservation lands belong to the
tribe The royalties can not be purchased.
Of the lands which have been patented,
good titles are as scarce as the prOverbial
hens teeth.
Out of all the properties on the reserva-
on which we have tried to buy royalties
only 0NE-the one above referred to-has a
understandable title, combined with a reason
able price We are working on two others.
where title is the first consideration. After
we get these two, we expect TO have TO pay
well for any royalties we obtain. In the event
Of big production at any one Of these wells,
or any other wells that may be drilled in the
spring on the reservation, we viii doubtless
drop entirely out Of the market for prices
win go beyond the margins which we set up
to insure safe and profitable investment.
Those who expect to buy reservation roy
alties on "wildcat" basis win do so now
or not at all
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

prO-ration and drilling activity at a standstill,
the Kevin-Sunburst field is more neglected
than the widest wildcat structure on which
q well is drilling in Montana today So it is
that we expect to pick up some good royalties
at bargain prices. The question is
WHERE ARE THERE ANY GOOD
ROYALTIES IN KEVIN-SUNBURSTf
A conservative, reliable geologist can
best answer this question About the best
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

and most conservative authority on geology
is the United States Geological Survey. The
last publication issued by U. S. G. S. on Kelvin
Sunburst field came out in 1880 There has
been little or no drilling in that field since
1929, so the facts contained in this last report
are as nearly up-to-date at it is possible to
obtain.
Says the Collier report under the caption:
Probable Results Of Future Drilling:"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11
o o q .

q q q =
Everyone at Cut Bank got a
big "kick" but OF the visit Of
A. ]. Hazlett OF the Inland OIL
Index to Browning during the
recent "cold spell" Mr.. Haz-
lett wrote at great length how
cold it was-and meant 1t. One
story going the rounds at Cut
Bank is that "a. J." was telling
about the cold when he said:
Several times during the
night I was awakened by my
teeth chattering on the dressing
table"
o o q q
A Los Angeles man, the dis
patches tell us, rushed into a
hospital and gasped: eve swal-
lowed my false teeth"
He was taken to the operating
room for some plain and fancy
carving. Just about the time
the surgeon started the tele-
phone rang.
Don't operate on my husband"
called a feminine voice. II just
found Is teeth in his other
Dau6a.
n u u y
WE MODERNs
A demure young bride walked
slowly down the church aisle
cnnging to the arm of her father.
AS she reached the platform be-
fore the altar her dainty foot
brushed a ported flower, up
setting it. She looked at the
stilled church gravely. then
raised her large child-like eyes
to the sedate face Of the old
minister.
That's a hell Of a place to
put a lily, she SAID.
q - q u
AN INVOLVED DEAL
Pat: when are yez goin' to
pay me them ten dollars for
pasturing your COW? have been
keepin' her now for ten weeks"
Mike: ''why Pat, she amt
worth ten dollars"
Pat: ''well suppose I keep her
for what you owe me then?'
Mike: mo indeed, Pat but
I'll tell you what TIL do. You
just keep her two more weeks
and then you can have her"
o q q y
WHY NOT?
Sign in a bathroom in a local
boarding house:
"'Please clean tub after bathing
LANDLADY."
d o u q
ADDING INSULT no INJURY
A man entered hotel, placed
his overcoat on a rack and PIN
med a card to 1t on which was
written: This overcoat belongs
to a champion prize fighter.
Back in ten minutes"
When he returned the over
coat was gone, but the card was
still there. To It had been
added: ''overcoat taken by cham
pion long distance runner. Won't
be back atall."
n q q q
$50 you wanted to steal my
girl away without any warn
ingsi"
ooh, no-what warning did
you want to give me about
herr"
q q u q
do you mean TO say you hold
your sweetie's hand when you go
to the movies7"
"Yes, but I'm not strong O.
nOugh to stop him"
q u II q
did you find out what John
had mp his sleeve last night"
eyes. A strong arm"
q q u n
Honey. your eyes make me
dizzy"
''say, don't blame my eyes!"
----------- --------
@IgD A CONTRIBUTION TO
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11
THE SAFE WORKER
PROVIDES THIS ONE:

Place in each. square a number
Ono two alik6 using all the
numbers from 10 to IS and no
Others. The sum OF columns
across. up and down, and dag
snally must be AZ in each case.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1933-02-11

@RgD A CONTRIBUTION TO
TEE gU2wURsT BADGMR
Evening star., 1933-09-30

Japan to Raise Cotton.
japanese plan to develop large cot
ton plantations in New Guinea.
Evening star., 1933-09-30
LINE FORMS EARLY
FOR SERIES SEATS|
Single Admissions Placed on
Sale at Park-Choice
Positions Still Open.

Crowds were on hand early this
morning at Grifith Stadium to get the
first of the single-seat world series
tickets.
More than 100 were in the lines be-
fore the ticket windows were opened at
9 o'clock. and the crowds grew larger
throughout the morning. Meanwhile.
scores of others. who had not obtained
the tickets for which they had already
paid, were at the windows which have
been set aside for distribution Of tickets
already allotted.
Ball park officials announced that
the sale of the single game tickets and
tickets in blocks Of three will continue
tomorrow, with the windows open to
take care of all fans who want to buy
admissions.
The sale of single game seats was au-
thorized yesterday by Base Ball Com
missioner Lands, upon request from
Clark C. Griffith, president Of the
Washington club.
Authorization came as the result Of
reported slow sale OF the cheaper seats
in the pavilions. The 1900 seats In
the right center field bleachers will not
go on sale until the day Of each game,
according to the arrangements orig1-
nally made.
E. B. Eynon, secretary Of the club.
TODAY reported that there are only a
few of the grandstand seats left at thu
park, and the demand for these is still
heavy. There are. however. many
choice pavilion seats to be had.
There is every indication. he said, OF
a sell-out of the grandstand seats for
the three Washington games, and with
authority given yesterday to sell single
game tickets as well as tickets in blocks
of three. it is expected that the cheaper
seats will begin to move more rapidly.
Evening star., 1933-09-30
Gold Serues as q Stabilizer
Bet,ueen National Currencies
Prevents Violent Variation IN Relation
ship of Foreign Exchange, Preventing
Loss in Conduct of Export Trade.

therefore. is 1130016 divided by 1922,
or S4866 to the pound.
In other words when both are in gold
an American can always settle his
debts in London or an EngliShman his
debts in New York by shipping gold.
It costs something however, to make
settlements that way. A person or
bank making a gold shipment has to
figure the loss of interest on the gold
while it is in transit, the shipping and
packing costs, and rather heavy insur-
ance charges
So long as sterling exchange does not
rise to a premium greater than these
costs incident to the shipment of gold.
Elements in London with bills of ex-
change. But when the premium on such
bills exceeds the cost Of shipping gold
it is clearly to his advantage to send
the metal This point at which it
becomes advantageous to ship gold is
what is known as the upper gold
point" on sterling: the discount on
sterling which makes it advantageous
for a person in London to settle in
debtedness in New York by shipping
gold. is known as the lower gold
point"
These points vary somewhat. de-
peIlQlnR upon SQlItInR interest IdCeS
and shipping and insurance costs But
so long as two countries are on
common standard. such as gold. their
currencies obviously cannot fluctuate
except within these exceedingly mar
row limits
Obliterates Frontiers.
There are very great advantages in
this stabilizing influence of gold on the
foreign exchanges 1t enables business
men to make contracts and incur debts
across national frontiers without con-
corning themselves about changes in
the relative values of their currencies.
A man can make a contract under
such conditions. in pounds or in dol
lars, almost indifferently, for he knows
how much he will have to pay or
how much he will receive. On the con-
trary. when the world is off the gold
standard and there is no fixed rela-
tlonship among the various national
moneys, an element of great uncer-
tainty is introduced into all contracts
of an international kind; for no one
knows when he contracts to receive or
buy in foreign money in the future
how much of his own money he will
get or have to pay out. This uncer-
tainty was a demoralizing world influ-
ence in the years Immediately follow
ing the World War; and it has again
served to aggravate seriously all world
interchange in the last two years.
The seventh article Of this series
WILL appear in The Star tomorrow
Evening star., 1933-09-30
STOCK REGULATION
GOAL OF OFFICIALS
Administration Plans Crea.
ton of Special Committee
to Seek Remedies.
BY the Associated Press.

BY the Associated Press.
Federal regulation of the New York
Stock Exchange today was the goal OF
administration officials who planned
creation of a special committee to seek
legislative remedies for excessive spec
ulation.
These Roosevelt aides intended that
committee composed of representatives
of the Government, business. finance
and the investing public should draft
bill for President Roosevelt's consider
alton and probable submission to Con-
greSS.
Special attention would be given to
curbing violent price fluctuations. Of
ficials said authority for the Govern
ment to exercise a guiding influence on
the Stock Exchange was derived from
its constitutional powers over interstate
commerce
One financial authority Of the ad-
ministration. asserting that Federal reg
ulation Of the stock market was neces-
sary, said:
Il don't think any one would want
to put any severe curb on the specula-
tive element in business. But that ele-
ment should not be allowed to destroy
those who cannot protect themselves
from wide fluctuations resulting purely
from fictitious valuation by market op-
erations"
The recent threat of the New York
Stock Exchange to move from New
York into New Jersey was cited by
these experts as a direct example to
support the claim that the exchange s
transactions were not local but in
terstate.
Opinion was divided as to whether
the Federal Trade Commission would
be charged with administering pro-
posed regulatory laws. or the duty be
assigned to a board or an individual.
Evening star., 1933-09-30
BISHOP DIVORCE CASE
AT RENO TO BE DROPPED
Reconciliation Is Announced by
Attorney for Prominent
New Yorker.
3v the Associated Press.

BY the Associated Press.
RENO, Nev September 30.-The Jul
ian T. Bishops, prominent in New York
society, have been reconciled and there
will be no divorce for the couple, it was
announced here yesterday by Lester D.
Summerfield, attorney for Mr.. Bishop.
Summerfield said suit on file in Dis
trict Court will be dismissed. Mrs
Bishop is en- route to Reno and she and
her husband will make their home here,
according to the attorney.
The Bishop divorce case was docketed
to 60 on trial next month before jury.
The action was instituted by Bishop,
who charged that, because Of the social
obligations they were compelled to full
fill, he and Mrs. Bishop had been un-
able to live q normal life together.
Evening star., 1933-09-30

stream from Hains Point. This course
was used very successfully last year by
the American Canoe Association con-
testants and this year by the Southern
Rowing Association.
These races will begin at 1:30 pm.
with Ernest Miller. Potomac Boat Club
and member Of the Southern Rowing
Association, in charge of the rowing
events and DR.. Aubrey Bagley in charge
of the canoe races.
Brilliant Night Pageant.
The first night pageant and marine
the annual regatta last night brought
out nearly SO brilliantly lighted and
decorated power boats from the local
fleets and from points along the At
lantic Seaboard.
Silver plaques we're awarded to SIX
boats selected as the best decorated and
lighted. The committee OF judges
making the awards was composed OF II.
P. Caemmerer, secretary OF the Fine
Arts Commission; r. P. Tolman, acting
director of the National Gallery of Art,
and Frederic Allen Whiting, president
of the American Federation OF Arts.
The six winning boats were
Rajah II, owned by James P. How
ard; Maybenot, DR.. Roy L. Sexton, COM
modore of the Corinthian Yacht CIuo'
Hobby, E. K. Morris.
All owners of boats taking part IN
the parade will receive brass PLAQUES
attesting to their participation. The
plaoue will set forth the occasion. date
and name of the boat, and is INTENDED
to be mounted in the boat to which
awarded. .... A..
The pageant program began with the
crowning of the pageant queen, MISS
Amelia Gertrude Arlington, ~ years
old. niece of Assistant Secretary OF
interior oscar L. Chapman. Miss Ar
rington is a student of George Wash
ington University and is employed IN
the Office of Senator Costigan. she
was accompanied by members OF ner
retinue: Misses Dorothy Green, Rutn
Remon. Betsy Page Mclean, Jenne But
Ter and Sallie Bell Stearns ana MIS-.
Violet Ingland.
Formation of Parade.
Boats participating in the parade
formed along the Virginia shore OF the
Potomac and, led by Commodore y.
Bache Gill, moved in column down
Georgetown Channel from the railroad
bridge. passing in front OF the review,
irg stand in East Potomac Park, around
Hams Point, up Washington Channel
to the head of navigation, back down
the channel around the War College to
the Navy Yard. where they we're dis
banded. .
The pageant closed with an open
house" at the Corinthian Yacht CLUB
in honor of regatta officials and con,
testants. Theatrical acts were included
on a program which closed with
dance.
Miss Arlington presented a floral
boat to John A. Remon, general chair
man of the Regatta Committee. on be-
half of race contestants.
Today's race events may be seen from
East Potomac Park. the course extend
ing the greater part Of the distance
from Hams Point to the railroad bridge.
Grandstand seats have been erected at
the water front opposite the starting
and finishing line for all races. Tickets
for these seats may be obtained at the
Willard Hotel, regatta headquarters IN
the Chesapeake & Potomac Telephone
Co.. or the American Automobile As
sociation building, Seventeenth street
and PENNSYLVANIA avenue. Elaborate
regatta programs have been prepared
and are on sale at these points and
at news stands
Evening star., 1933-09-30
Turner Ends Air Hop.

LOS ANGELES. September 80 R.-
Col. Roscoe Turner. holder of trans
continental speed records, returned
here yesterday after a flight by easy
stages from New York, where he landed
last Monday after setting mark Of 10
hours and minutes In q fight from
Los Angeles.
Evening star., 1933-09-30
NURSE TO GO ON TRIAL
Miss Weltz Faces Charge of Kill.
ing Francis Grace.

SANTA CRUZ, Calf, September 80
R.-The trial Of Miss Wilhelmina
Weltz, 43-year-old nurse. on a charge
of numbering Francis j. M. Grace, re-
tired capitalist. was set for November
l3 after she entered pleas Of mot guilty
and not guilty by reason Of insanity
here yesterday.
Miss Weltz, who allegedly shot Grace
60 death in the garden of his Summer
home, has refused to give authorities
reason for the act. Her attorney, Stan
ford Smith, declared however. she made
a full statement to him and her reason
will be announced "at the proper time"
Miss Weltz, formerly employed by
Grace as a nurse, was discharged from
her position about 18 months ago.
Evening star., 1933-09-30

All outboard races-events A. B. c,
D, E and F-will be run over mile and
two-thirds course In the Georgetown
Channel of the Potomac River along
the west shore Of East Potomac Park.
All other races will be over a two and
one-half mile course The start and
irish line is in front of 5,000-seat
grandstand constructed about midway
between Hams Point and the Tourist
Camp.
Evening star., 1933-09-30
SLAYER IS CONVICTED
Man Who Killed Boy, II, Gets
Seven Years for Manslaughter.

LAURENS. 8. c., September 80 R.-
A circuit Court jury late yesterday con.
victed Talmadge Sorgee Of manslaughter
in connection with the staying of 17-
year-old Cole Gwinn, but acquitted his
father. B. E. Sorgee, who was charged
with being an accessory.
Judge c. c. Featherstone sentenced
the younger Sorgee. who is 81, to seven
years in the State penitentiary.
Evening star., 1933-09-30

WINNIPEG, September 80 @.-
Howling disapproval at being removed
from familiar surroundings, Is Mani
toba huskies, who will haul the sleds
of Richard Byrd's expedition across the
Antarctic wastes, left Winnipeg yes
terday.
Evening star., 1933-09-30
SPECIAL NOTICES.

THE ANNUAL MEETING OF THE CoLUM-
bia Building Association will be held at the
ONCE of the association, 716 11th st. NV.
Thursday. october 12. 1888. at 7:30 pm.
MERCHANDISE AND CLOTHING LEFT AT
211O 18th st. NV. will be sold for storage
II not called for at 1903 Euclid st. NV. i'm
mediately. E. L. BOUTON.
BOX RESERVATION FOR SYMPHONY
concerts, National Symphony Orchestra, sea-
son 1933-34 may be acquired at substan-
tial reduction. due to the death of the
holder. ARTHUR E. REYMAN. Attorney,
Woodward Building l"
I WILL NOT BE RESPONSIBLE FOR ANY
debts contracted by any one other than my
self I, H DAVIS 2 18th st Sc
Evening star., 1933-09-30
Race Schedule
Events for Today in Presi-
dents Cup Regatta.

The schedule for today's Presidents
Gun races follows.