davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31
PROGRAM
OUTLINED

It also recommended 8 study OF
the possible electro metallurgical
industry TO utilize the power Of
the Fort Peck dam, particularly
In connection with elsctrolytic
production Of war minerals such
as chromium, manganese, molyd-
benum and tungsten.
Also that study be made OF
the present demand and con-
sumption Of mineral products
in Montana and adjacent areas,
which should be supplied from
Montana sources.
Also that an advisory COM
mlttee on mineral research and
mineral inventory be appointed
to outline programs and expedite
them to hasten the development
OF the states mineral RESOURCES.
The meeting adopted q resOiu-
ton urging federal aid for gold
mining; another urging silver
factions in congress TO unite on
one bill; another asking that
federal funds be expended on
construction of roads to mining
camps :and another asked that
the u 8. assay office ut Helena
he re~eata bliahed,
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31

Harry c. Bacorn of Jardine Ii
vice president and r. G. Gilbert
OF Butte Is secretary-treasurer
The following have been chosen
to act as directors for their re.
spectiVe counties, the first-named
to act as vice chairman OF the
board:
silver Bow county-Murl R.
Gidel, Oscar A. Dingman.
Fergus-Milton r. Wise. Har-
old Mclean.
Beaverhead - William Logan,
p. I. Smith.
Park-sam Treloar, Judge B
e. Berg.
Jefferson-wiIliAm H. Hax,
Roy e Miller.
CarbonDr. J. c. e. seigfriedt,
Mr.. BrOphy.
Pihilips-cha4les Whitcomb,
George MCGEE.
Madison-CharIes Morris, Mr.
McGregor.
Deer Lodge-Arthur Fortiec,
Robert Lindberg.
Lewis and Clark-Norman B.
Hotter, George B. Conway.
RIissoula-M. /. Leydigr Henry
Morse.
GraniteJoe Yob. Mr.. Hickey.
PoweIl--Joe Coleman. J. /,
Higgins.
Broadwater Grant Reed,
Charles COtteF
Flathead-J. F. Dugan, Sidney
M. Logan.
LincoIn-E. N. Alley. Frank
Ingalsbe.
Nominees from other mining
counties will be announced later,
after which the directors will
meet to elect an executive COM
mittee.
Federal AID For Miners
One resolution passed urged
that 1.-THE president OF the United
States be requested TO provide
an appropriate federal agency
with 500, 100000 or other pro-
per sums In his discretion, to be
used by such agency, upon rea-
sonable safeguards, to assist in
bringing gold and other nom
competitive metal-bearing de-
posts to profitable production
and In prospecting and Develop
ing gold and other non-compe-
titive metal bearing deposits and
areas directly or indirectly"
Roads To Camps
A second resolution urges that
whereas many mining camps
are lacking in good roads needed
for transportation Of ore from
mines to smelters and mills,
proper federal agencies be asked
to appropriate sums necessary
for road construction with the
cooperation and assistance of the
forest service and state high
way commissions.
Membership Drive
A mem bership drive has been
inaugurated BY the Montana
body, 1t was announced, with
Individual memberships at the
fee of 81, and member
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31
Montana Mining Men
Organize 10 Secure
US. Aid For Industry

call to every mining man in Montana to join in CO.
operative effort on behalf Of the mining industry,
was issued this week by the newly elected officers
of the Mining Association of Montana which completed
its organization last Saturday at session held in the
Finlen hotel in Butte
Carl J. Trauerman Of Butte was elected president.
Educated as mining engineer, Trauerman has worked
miner below ground, a mine superintendent for
others and as mine operator for himself also financing
capital for his own operations and for others,
providing him with comprehensive working knowledge
of the industry Because of his wide knowledge of the
industry he was chosen to head the new organization
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31
DESCRIBES
BAKER FIELD

Describing the great Baker
Glendivs gas field. he said that
the anticIine is So miles long in
the escarpment and four miles
vide. II yields wells with q
volume OF from 90 to Is million
at shallow depths: ESQ to SOC
feet, from the JUDITH River
sand. A lower sand, the Eagle,
at 100 to 1900 feet, has not
been fully explored. It Is Is
feet thick and contains gas with
rock pressure Of from 500 70
$50 feet whereas the shallow
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31

gas haa . rock pressure Of 2ie
p0unds.
Stag resulting from che burn
lag coal beds has provided 3
large amount Of aKcellanG road
matagial. aaa said Ia the alncns-
sion which followed. there vas
talk Of reported gold discoveries
ia scobsy vicinity. II was
termed mot proven"
The discussion OF the south
western area by DR.. Thompson,
Is reported ia another column
Of the Journal.
a planning comm httee nsmed
included Il. B. Coolidge OF Great
Fails. Dr. Thompson, Mr.. GILES,
Carl Trausrman of Butte, George
b. Conway OF Helena. Grant
Reed Of Townsend. F. A. Linforth
OF Butte, DR. CIaDp and John ID.
Pope Of Helena. This committee
adopted the plan which was sub
sequently adopted by the general
council, recommending q federal
appropriation for the compilation
OF a complete inventory OF metal
lie and non-metalIie resources Of
the state under the supervision
OF the state bureau of mines
and geology with the cooperation
OF the q. s. g. s. and U. s. b. M.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31

Wallaee-''Gonconda shipments
for Maroh will total IL cars of
concentrates. The lead concen-
trates viii average around IS
ounces silver and $50 lead per
ton; zinc viii average around
$50. The work on the new east
tunnel on the MayflOwer vein
now shows a drift s76 feet long
all In ore with 40 average OF
4 70 8 feet width IN hath faces.
The milf Is ruanipg pisAt and
day. five days a wsek, and treat
ing an average OK 2zb tons Of
ore daily"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31

@A&F feFNr@r@f~~ - -
Following is a brief summar!
OF the facts on production:
COPPER production, 10000,
600 lbs. value $1,6OO,OO0. O0C
or over is GEMS per pound.
SILVER production. s52,OOO.-
600 or, value s4s2,OO0.O0Os OF
about "A cents per OF.
GOLD production, 100000
o., value sso5,OO0OOO. Virginia
City district ranks first as a
gold producer with a total OF
$4,000. 900 or 1/6th Of the
total. Helena, Confederate
GuIch, Butte, Hannack, Pony,
Highlands. German Gulch and
other districts in all Of the
southwestern counties have con-
tributed to the total.
Many Of the camps or mines
were inefficiently operated with
crude equipment and much gold
ore Of present day commercial
value remains in these old mines
and new veins are being contin-
ually discovered. Modern ad-
vances and improvements in
milling and metalIurgical prac-
tice as well as The advent Of
cheaper power. transportation
and supplies have ali contributed
in making these '7ow-grade"
gold ores potential resource
Of great value.
ZINC production, 2,74s,OOO.-
600 lbs, value s217.OOO, geo,
or 8 cents per 10. Butte is the
leading producer. contributing
$50 Of the total. However.
practically every district in
Montana has produced zinc.
LEAD production. 954, 200, 600
lbs. value, $4,000. OOO-an an
nual production Of 81, 900, 600.
jefferson. Granite, Madison and
Beaverhead counties are the larg-
est prOdacera but lead Is found
in practically all counties, except
Gallatin, in southwestern Mon
tana.
MANGANESE production 1916
1888. nearly s2O.oO0.OOO. Mon
tana Is the leading producer Of
manganese ore In the United
States. chiefly from Butte to
Phillipsburg districts.
Neutrality-suspicious., Mon
tana Is by far the largest pro-
Queer Of domestic white arsenic
and the production for this state
has in some years reached ST.
100000. Butte and Jardine are
the principal producers.
TUNGSTEN. not actively ez-
plotted. Jardine is the only dis
trict in which tungsten has been
mined. Potosi district. Madison
county, also has some hubernite
bearing veins which may prove
commercial sources OF tungsten
and tungsten has been noted on
the deeper levels Of the Butte
mines.
CHROMIUM-Albhough none
has been produced, Montana has
vast resources Of chromite bear
ing material which constitute a
potential source Of elemental
chromium as we'll as ferro-
chrome. The largest deposit is
in saltwater, Sweetgrass and
Carbon counties. Chromite bear
ing dikes have been reported in
Sheridan district, Madison coun-
ty.
COAL production. 112,0oO,000
short tons; value. S2O.000,OOO.
BUILDING STONE production.
S1O.OOO,00O. Practically unlim-
tied amounts Of granite, rhyolite
and quarzite and large potential
reserves OF marble. onyx and
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-03-31
AND A HALF BILLION
DOLLARS, VALUE OF MINERAL
YIELD IN STATE OF MONTANA

remarkable compendium Of information on the
mineral production Of Montana-wch gave this state the
name Treasure State was presented at the Oh and
minerals division conference Of the state planning COM
mittes at Helena by Dr. F. A. Thompson president or
Eshool nf Mines
The Washington times., 1934-08-03
RESERVE BANKS
LEND MORE

The daily average volume Of
Federal Reserve Bank credit out
standing during the week ended
August l as reported by the
Federal Reserve Banks, was 2,464,-
900, 900, an increase Of 100000
compared with the preceding
week and of $255, ,000, 900 compared
with the corresponding week in
1913.
On August / total Reserve bank
credit amounted to $2,463, ,000, 900,
an increase of 100000 for the
week.
This increase corresponds with
increases of $24,000,000 in money
in circulation, $1O2,000,000 in
Treasury cash and deposits with
Federal Reserve Banks, $4,000, 900
in non-member deposits and other
Federal Reserve accounts, and a
decrease of $3,O00,OOO in Treasury
and National bank currency, off,
set in part by a decrease of $105,.
100000 in member bank reserve
balances and an increase of $21,-
100000 in monetary gold stock.
There were practically no chang
eS in the systems holdings of bills
discounted, bills bought in open
market and U. S. Government Sc
curities.
The Washington times., 1934-08-03
STORES Of Gas
GUT IN WEEK

The petroleum industry con-
tinued to draw on reserves of
gasoline to meet demand during
the week ended July %, figures
of the American Petroleum Insti-
tute show. During the week
stocks of finished gasoline were
reduced $4,000 barrels to a total
Of 48,597 900 barrels which COM
pareS with a reduction of $4,000
barrels in the previous week.
Refinery operations continued
their upward trend and during
the week reporting refinerieS were
operated at 1870 per cent of
capacity running to stills 2,464,-
900 barrels of crude oil daily as
compared with operations at 72.1
per cent of capacity in the previ-
Gus week when crude oil runs to
stills averaged 2,431. 900 barrels
daily. Cracked gasoline produc-
tion declined slightly.
Stocks of gas and fuel oil con-
tinued to increase totaling no.
883, 900 barrels at the end of the
week, gain of 1,675, 900 barrels.
In the previous week they gained
294, 900 barrels.
The Washington times., 1934-08-03
j. s. CLEAR|NGS.
UP 5.8PER CENT.

In spite of the fact that the
clearings at cities outside of New
York registered a small decline
this week, the figure at New York
City rose $265 1928, 900, carrying
the total to a level So per cent
above the previous weeks.
The total for all leading cities
in the United States, as reportd
to Dun and Bradstreet, Inc, was
$4,521, ,046, 900, which was 80 per
cent below that for the compare
tive period a year ago; a week
earlier the decline broadened to
23.0 per cent.
Clearings at New York City were
$3003, $4,000, a loss of 1910 per
cent, while the aggregate of ST.
517,714,000 for all outside centers
was higher by 80 per cent.
This weeks clearingS exceeded
those Of last week by $246, ,796, 900,
while in 1888 the amount was
smaller by $637 1890 in the
comparison covering the CORE
spending two weeks. The break
in the New York stock market at
this time last year was mainly
the cause Of this decline.
The Washington times., 1934-08-03
REVIEW SHOWS
SLOW, STEADY
RECESSION

Moderate but steady decline in
business activity through June
and July is noted in the Commerce
Departments monthly review. -
The recessions in manufactur-
ing and employment were in ex-
cess Of the usual seasonal trend.
The rather pronounced down
ward adjustment Of activity" dur
ing the early part of last month
was featured, according to the
survey, by the much greater than
seasonal drop in steel ingot pro-
duction to "weu below 80 per cent
Of capacity"
Exports Increase
Freight-car 1oadings improved
slightly, while exports mounted
and imports fell.
Wholesale and retail prices rose
but retail sales, especially in de-
partment stores, decreased. Sales
of passenger automobiles during
June were an exception to the
general trend, although automo-
bile production in July was said
to have fallen well below the June
total. The survey said:
During June, a major factor
in the decline Of industrial
production was the widespread
curtailment of textile mill &C
tivity. More moderate declines
occurred in the food products,
lumber and plate glass indus
tries.
AUTO DROP SMALLER
"The drop in production Of
iron and steel, automobiles and
rubber tires and tubes was less
than the usual seasonal declines
for the MONTH"
The manufacturing index re-
ceded 2 points to "a per cent of
the 1923-1925 average. It was re-
flected in a drop of almost 2 per
cent in factory employment and
a 81 per cent decrease in pay
rolls.
The Washington times., 1934-08-03
BROKER LOAN
FIGURES FALL

The brokers' loan figures of the
reporting member banks of the
Reserve system in New York city
were down $123, 100000 in the
week ended August l, and reflect,
to a large extent, the reduction in
advances to dealers to finance
Government securities, as well as
partly the liquidation of other Sc
curities' accounts. Advances by
the reporting institutions are row
at their lowest since last March.
The New York Stock Exchange
reports members collateral bor-
rowings at close of business on
July 81, 1884 amounted to $685.
O55, 1926, a decrease of $159, ,184, 300
compared with $1,082, ,240,126 on
June 80, 1884.
The low point for brokers loans
since the New York Stock Ex-
change started publishing these
figures was reached July 81, 1882,
when they amounted to 1859
94S, compared to the high record
Of $8,549,383,979 established Sep
tember 80, 1929.
The Washington times., 1934-08-03
'i''7s SSSo1 5;;':::' ss::: N. Y. Curb Quotations

NEW YORK, Aug. 3 0.N.S)
The Curb Market was another
dull and irregular trading affair
today, with continued absence Of
speculative interest resulting in
generally unimportant price
changes along the line. Despite
the prevalence Of declining ten
6encies in many of the accepted
speculative favorites, however, the
undertone remained good.
Utility shares continued we'll
bought on hopes that the ad-
ministration would lessen its
pressure against power and light
companies.
A handful of specialties at
tracted buying. Alcohol shares
continued to point upward. Lake
Shore led the metals with a
gain or 1a point to 53h.
vestment trusts eased
slightly, Atlas declining "a to
8A. Oil shares were mostly
higher, with International Pc
troleum up "a to 267s. Cities
Service Common and Debentures
marked time.
Utility bonds backed and filled
around previous closings.
The Washington times., 1934-08-03
Rails WreStLe
Rate Raising
Problem
By International News servica

ny lnVcFHaCIOnaA NEWS service
The special committee of rail-
road executives studying a pro-
gram for increasing rail revenues
by advancing rates on certain
commodities, continues to wreStle
with the problem in Chicago but
carrier executives express little
hope Of any early solution.
Traffic officials generally are
exhibiting increasing opposition
to a higher rate structure, realiz-
ing from past experience that any
additional charge encourages an
enlargement in the scope Of COM
peting transportation agencies.
In addition, the smaller roads
that are more vulnerable to COM
petitive onslaughts have from the
first been lukewarm at best to the
rate increase proposal.
The rate committee, accord
ingly, is finding it increasingly
difficult to reach any accord on
the commodities that would stand
a rate advance, without diverting
a disproportionate tonnage to the
highways, and the question Of how
much to increase rates on those
selected clasSificationS is an
equally knotty problem.
Rail executives here, who have
been in touch with the delibera-
tionS in Chicago, hesitate to ex-
press an opinion regarding the
probable date when an applica-
ton may be filed with the Inter
state Commerce Commission for
authority to lift present charges.
In fact, some express the view
that owing to the extremely di-
vergent views Of rail leaders, such
action is still rather remote.
The Washington times., 1934-08-03
Pennsy's LOadings
Reveal Sharp Drop

The sharp drop of 1873 per cent
in the Pennsylvania's loadings for
the week ended July % neceSsi-
tateS a revision downward in the
estimate of total loadings for the
country, to about $685. 900 cars. An
estimate based on report for the
first few roads reporting for last
week indicated that the total
would be close to the 614,864 cars
reported for the seven days ended
July 81. In the week ended July
20, 1888, total loadingS amounted
to 638,396 cars.
The Washington times., 1934-08-03
Hardware Holds
Near 1888 Level

BY dint of special sales, adver-
tising and clearances, the more
fortunately located hardware
stores, and many wholesalers,
have held their July volume fair
1y well up to that of last sum-
mer. This is no small achieve
ment, for not only have the
stores to contend with the squirt
in sales which took place at this
time last year, but they are also
faced with rather numerous de-
clines in prices, according to Hard
ware Age.
Summer retail trade is always
governed largely by weather con-
ditionS, so any attempt at a
general survey must show Spotty
results,
The Washington times., 1934-08-03
RELIEF OUTLAY.
GUT LOWER
FOR JULY

Despite mounting relief expendi-
lures and their sequel Of a grow.
ang deficit, the Government sharp
" reduced its total of emergency
outlays in July from the high
marks set early in 1884, Treasury
figures show.
In the first month of the fiscal
year as compared with July of
1888 the deficit was $141,000 900
greater. 1t stood on July 81 at
t248, 8,00O, 900.
Demands LeSsened
Against the total emergency
outlays of from $3.50, 100000 to
more than $80O,000,000 month
that were being made between
January and June of this year
however the Treasury's emergency
expenditures in July were only
$235, 100000.
This reduced outlay was due in
large part to leSsened demands for
Government aid extended through
the RFC, and to extensive repay
ments to RFC, which in turn
handed funds back to the Treas
ury.
RFC turned back in July an
excess of $104, ,000, 900 over the new
funds which it obtained from the
Treasury.
The Federal Emergency Relief
Administration, on the other
hand, took $780, 100000 Of Treas
Ilry funds in July for drought and
unemployment relief. The Civil
Works Administration took nearly
$5,0O0,000. There we're outlays Of
$50, 100000 for public highways,
$11,731, 900 for loans and grants to
States and municipalities and
SIS 100000 for loans to railroads.
The July total of $235, 600, 900 Of
emergency expenditures compared
with only $75,000,000 in July of
1888. before the big spending
started.
Receipts Show Rise
Part Of this increase in emer-
gency expenditures was offset by
d rise In the Governments re-
ceipts, from $163, 100000 in July,
1888, to $218,000, 900 in July, 1884.
The ordinary expenditures Of
the Government increased some
what, from $195, 5,0O0,0 900 to $780,
D00, 600.
The public debt stood at the
months end at $27, ,189, ,00O, 900 or
nearly $500, ,000,0 900 above the post
war peak attained in 1919.
Deducting the huge cash bal
Ance from nearly $2,500, ,000, 900
now maintained by the Treasury,
however, the net public debt was
nearly $s00,0OO,000 smaller than
in 1919.
The Washington times., 1934-08-03
CLOTH SESSION DULL

NEW YORK, Aug. UN.S.).-Once
again the coarse yarn cloths market
experienced a dull and quiet session
today, with buyers keeping a close
check on dealings but placing very
little business. 1t was widely con-
Oeded that buyers are going to need
pretty good yardage over the next
several weeks, but they are hesitating
for one reason or another and none
appears willing to start off the buying.
Once the cotton drop report is out
of the way next week it is considered
probable that almost anything in the
off the spark that will bring buyers in
The Washington times., 1934-08-03
Aid Plans Given
To Export Bank

Between so and IS projected
foreign trade transactions al.
ready have been brought to the
attention of the Governments
second export-import bank which
appear sufficiently assured Of Sc
curity to make them eligible for
aid, officials disclosed yesterday.
A thousand or more trade pro-
posalS have been brought to the
banks attention.
The Washington times., 1934-08-03
Virginia's Deficit
Below Forecast

RICHMOND, Va, Aug. 3.-Gov.
ernor George C. Peery has been
informed that the state deficit at
the end of the fiscal year was
100000 less than was forecast.
The deficit as of June 30, end O.
the fiscal year, was $2,291, ,482,
j. H. Bradford, director of the
State budget, reported.
The Washington times., 1934-08-03
LIVESTOCK MARKETS

CHICAGO, Aug G.NS.).-Business
was resumed at the Union Stock Yards
today, but on very small scale.
There were only a few loads of hogs
received with prices IS to Csc higher
than 10 days ago when the strike
started. Top reached s., with the bulk
The supply consisted of 10000 cattle,
including 5000 for the Government
10000 hogs and 5000 sheep. Bost of
the hogs and sheep were billed direct
to packers.
The Washington times., 1934-08-03
N. Y. Bond Quotations

NEW YORK, Aug. 3 0N.S0.
The bond market displayed mixed
tendencies today, with a renewal
of selling in the rails a dampening
factor.
Offerings came into the carrier
group with declines in the New
York Central Convertible IS,
Northwestern 4As, Chesapeake
Corporation IS, and Erie IS of rs.
U. S. Governments were spotty.
There were heavy offerings in the
Home Owners Loan IS as against
a gain Of in the Treasury 3 s.
Investment Utilities continued
to move ahead, with Consolidated
Gas IS and American Telephone
512S leading the advance.
German 512S declined in the
foreign list.
The Washington times., 1934-08-03

CHICAGO. Aug. G.N.s.).-Butter-
Receipts, 1888 tubs; firm; old cars
IL; new, 16; creamery extras and
standards. 25hc; extra firsts, 24@24kc:
firsts, 22% @2Shc; seconds, 21@22c;
specials, 26@26hc.
Eggs-Receirts, 5,S11 cases; firm, old
cars, s; new, s: current receipts, 141a q
16hc; fresh extra firsts. less than
cars, 1Sc; cars, 1SAc; fresh firsts. less
than cars, 17kc; cars, 18Kc; dirtieB
and checks. 11@14c.
Cheese-Twins, 11A @12c: daisies and
longhorns, 12A @12h.
The Washington times., 1934-08-03
CLEVELAND

CLEVELAND, Aug. 8 U.N.S).-Hogs-
Receipts 500: market active and higher;
weights zoe pounds and upward getting
most of the advance.
Cattle - Receipts, 1T5; market slow;
most prices steady; some bids weaker.
Calves-Receipts, $50; market active
and strong; all grades getting good
action.
Sheep - Receipts, $50; market active
and strong; some prices higher.
The Washington times., 1934-08-03
NEW YORK WOOL

market steady. domestic fleece, unwash-
ed, Ohio and Pennsylvania. 26 6@33: do
meGtic pulled, secured ba sis, 65@95; do
mestic Texas clean basis, 68 80S5; do
rn0stio territory, clean basis 570SS,
The Washington times., 1934-08-03
%9I|23I933IIES5s:S rs
S ATlANGTIe err asAIi
N2 FRee BATNJMC
Q. Q. GOOV
MS IZvES

BUSINESS OFFICE. 1917 q ST. n. W.
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