davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-01-18
REICHSBANK STATEMENT.

BERLIN, Jan. 16 U9-The Reichsbank
statement as Of January IL Tin thou
ton. 4,667,OOO; decrease. 100000. Gold.
70.6e6; increase, IS. Foreign currency
reserves. 1904: decrease, 14q. Other
deerease. 277.61O. Other daily maturing
colieations. S26,626: increase, l03.4s5
Adyancss: 491d;7a3: 9d5 a.. decrease. 3o74. IN,
Of gold and foreign currency to notes, 10
Der cent. Rate Of discount, 4 per cent.
Evening star., 1938-01-18
NEW YORK PRODUCE.

NEW YORK. Jan. Is A1.-Esgs. 27.4O2;
unsettled. Mixed colors Special packs.
e4:o41a: standards, 23Aa1s: lrsts. .1a.-
2:1a: seconds: 2!.21la; medium and dirt
sDes. p.sis ava5sss ehssxs sfsnd.rGs D.
201aa21h: hrsts. 2Oa2OA; seconds, TO-
1ea: mediums and small. 10: dirties,
Butter. 1.35s,467 steady. Creamery:
Aigher than extra, 34-34s4: extra (92
score). 33s4 frsts !SS-9D, 311a-33A:
oeoonds (S4-87D 30-31.
Cheese. 522.O17. slow. Prices UNCHANGED.
Evening star., 1938-01-18

Heller. Walter E., q Co.-ls37 COM
mon share earnings were $l.4s against
. cents.
Evening star., 1938-01-18
RUBBER FUTURES.

NEW YORK, JAM 1s LP-Crude rub.
Der futures opened ; to 10 lower March
- 15b; May. 1891; July. l5.02-O3.
Evening star., 1938-01-18

Reserve District No. 3.
REPORT OF CONDITION OF THE
MeLachlen Banking
Corporation
OF Washington. in the District of Columbia.
at the close OF business ON December 81,
Published in response to call made BY
COMPTROLLER OF the Currency. under Sec
ton OIL. q. 8. Revised Statutes.
Evening star., 1938-01-18
INCREASE IS SEEN
IN INVESTMENTS
Banks Boost Totals of Both
Federal and Other Securi-
ties in Week.
b. the Associated Press

Bs the Associated Press.
Banks bought both Government and
other securities in the week ended
January IL, the Federal Reserve Board
said.
Institutions in 101 leading cities re-
ported they added SAL 900 900 worth
OF Federal obligations, $4,000, 900 of
federaily-guaranteed securities and
$68 ,000, 900 worth of other securities
This increase in investments was a
factor in a $244, 100000 increase in
demand deposits in these banks. A
continued post Christmas flow of ship
ping money going back to the banks
also influenced the change in postal
deposits.
Loans for commercial, industrial
and agricultural purposes continued
to decline, dropping 100000 dur
ing the week. Unofficial sources at
tributed part of the steady liquida-
ton Of these business loans 20 the
effort OF business men to reduce IN
ventories
The boards statement gave the
following summary of assets and
liabilities on January II, together with
changes for the week and with the
same week last year. in millions of
dollars:
Jan. 13,
Jan. 12. Jan. 5. 1887.
.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
Morton Has Oil
At 1868 Feet On
High" Of Dome

the Rimrock high gravity pool, Full
NEH 24-34-2W, has a showing of
oil at the top of the Madison lime
at the shallow depth of 1868. 1t
is near the "high" Of the field. Drill
ling continues at 1896 in the lime,
seeking the first break" in the
lime. 1t will be bridged back to
acidize at 1858 if no oil is found
below. This well is near the MOT
ton refinery and was drilled to aug
ment the crude supply of this top
ping plant.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

is drilling at $40 feet. having re-
sumed during the past week. This
is a south offset to the Fulton
Thompson No. 2 flowing well
which had flowed continuously,
without pumping equipment in the
hole, since it was acidized early
last spring. It was shut in recently
for lack of storage space. Produc-
ing high gravity oil, IT is consider
ed one of the outstanding new wells
in Kevin-Sunburst field. 1t is in
the Rimrock high gravity pool. Full
ton-Commonwealth company is a
Cut Bank operator which has taken
over part of the Thompson farm.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

place where an investment can be safely
forgotten" but even then it is a very
bad policy.
AS 1t takes hard work to make and
save money, it takes mental work to
make money make money. In other
words, money should be invested only
after the investor has figured out the
possible profit He should not invest
in royalties just because he knows some
one else had made money I'm royalties
That is not the basis of investment
Anyone who has made REAL money in
royalties has done so by carefully ball
aRcing his investments. He buys a GER
tain portion of his royalties on ground
under which the presence of oil is all
most a CERTAINTY. He can bank on
certain minimum content OF oil in that
tract, which may insure him his money
back. Then he win buy some more
speculative tracts which MAY have oil
under them. The cost of the specuIa-
tive royalty is far less than that of the
PRODUCING or PROVEN royalty, but
the odds are greater. Let one of the
speculative tracts come into production,
and he may make ten times as much
profit as from the conservative invest
ment in producing royalty. Yet, let all
his speculative royalties fail to produce
he viii stilI lose no money for the pro-
ducing royalty viii pay him out.
That is not a deeply complicated mat
ter. Anyone who can read and reason
can determine plan of investment We
believe that each investor must CON-
CENTRATE ON his investments. He con-
cenfrates on the business of making
money enough to invest. Is ft not
worth equal concentration to invest that
money? Certainly no man has ever be-
come rich by merely working hard for
wages or a salary. Every successful man
has saved enough money to put money
to work FOR HIM. Money can make
more than the owner can make with the
sweat of bis brow. But that means now
days that the money must yield ALL of
its returns TO its owner When we turn
our money over to someone else to I'm
vest for us, taking our risk, we must be
willing to accept only a small portion
OF it's earnings. UusaIIy that is only a
rate of interest. But when q man In
vests in royalties he gets ALL of the
royalty earnings, as he has no overhead.
salaries or other expenses to pay, nor
does he have to share the fruits of his
success with anyone else.
The man who buys royalty OWNS a
given proportion of the oil under a
certain tract or tracts. When that oil
Is brought 90 the surface of the ground
his proportionate share of each barrel
is set aside for him. The oil may be
marketed without his knowledge. but
the funds must be impounded for him
and he claim the money whenever
he may appear. Should ne never an
Dear, the royalty belongs to the State,
but even then it is not divorced from
his rights.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
SOrrell Starts
New Well West Of
Mary Producer

While many operators are watch
ing the Cassidy well, expecting a
large flow of gas in the Sunburst
sand, there were three new wells
starting in Kevin-Sunburst field
this week. One is in the West
Kelvin area. 1t is:
Sorrell-Ward No. 1, c NEA
NWH 1-34-4W. This is south and
west of the Rimrock pool and a
mile and a half due west of the
Cassidy-Mary producer which had
a reported initial of $50 barrels OF
2s gravity oil. Owing to mechani-
cal difficulties the Mary well lat
er developed water and no other
drilling has been done in that re-
gion. One location was staked on
the Bilgen farm in Section 6-34-3W,
but the rig was moved off during
the past week.
P. L. Eddy-Sohn No. Sc SWA
NEA 23-35-3W. was started this
week. 1t Is north of the town of
Kelvin. in an area which responds
we'll to acid. It is between the old
Royal Canadian group and the Huso
Brothers wells south OF the Rocky
Ridge pool, in little developed re-
gion
Drilling to get production for his
rapidly growing refinery at Shelby,
c. Leonard Smith started a well this
week on the Barth permit. It is:
Smith Walsh-Barth No. I, SW
Sell NWH 13-S5-2W. They are re-
ported spudding
Big West-Engle No. 4, sW SWA
SWE 1-33-3W, in the Sunburst
sand pool of Rocky Ridge, is drill
ing at 500. feet
Beardslee-Swears No 9 we'll, CSL
SWA NwH 9-35-2W. is still
pumping so barrels Of oil per day
with no increase in water.
Consolidated Gas-Haukland No.
1, c SWK NwA 27-33-2W. is now
a completion, with a measured flow
Of 2,132,000 cubic feet of gas per
day and a rock pressure of 100
pounds per square inch. 1t is be-
ing hooked onto the Shelby gas
mains
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
PRODUCTION

IO0Htnasd IFom Page UDel
field Kevin-Sunburst producers
have done little to expand their
market, while Cut Bank producers
today find themselves faced with
the necessity Of drilling more wells
to care for market demands OF
the coming year.
Pondera field, which has never
aggressively developed a market,
dropped off slightly although the
Home refinery used nearly twice as
much crude as the total production.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
The Exception Walks In
To Prove The Definite Rule

~ NE of the things we tzy to discOur-
age among royalty investors is the
idea that a man can buy roy
atty and sit back and wait 90 become
''rich over night" We insist that anyone
who makes any investment In royalties
should map out definite plan and then
work out financial salvation along those
lines. None should invest I'm royalties un-
til he has investigated the history of roy
atty earnings and knows that it is pos
sible to make money through investment
jim royalties.
This week a client who belongs to this
''frowned-upOn" type visited this office,
having Travelled ESQ miles to ask us a.
bout his one royalty investment. He had
bought a single royalty for which he paid
$40, and then promptly forgot about IL.
His home was in Butte but he moved
TO the western part of the state. Our mail
TO him at Butte was returned unclaimed.
Last week he received a letter from
a royalty investor, offering him 1850 for
his royalty. He recalled that he paid
only $40 He had filed it for record but
thereafter had forgotten it. He decided
that If It had become worth $3.50 in
the relatively short time of his ownership
that he had best look it up Without de-
pending on letter, he came personally
10 our office TO ask chow Gomez.
We chided him for having failed to
keep ms informed as to his address and
then looked mp the royalty We found
that production has been developed on
this tract, with two producing wells The
buyers of the oil had sent a division or
der to his. Butte address and IL was re-
turned unclaimed Accordingly, the roy
atty earnings have accumulated 60 hiss
credit so that today he has THREE HUN
DRIED AND NINETY SIX DOLLARS i'm
accumulated royalties which win be paid
to him as soon as he makes his where
abOuts known to the buyers of the OIL
Furthermore, his royalty is actually
worth $3.50, IL he wants to sell Ii, for it
VIII produce easily two or three times as
much oil I'm the future as it has in the
past, for anyway six more wells win be
drilled I'm order to drain this tract. So
today he has net profit of $4,000 on
his $40 investment, II he wants to SELL
However, by keeping his royalty IL will
probably earn him twice that much,
And so the exception comes along to
prove the rule. We occasionally find the
man who is indolent about his invest
NETS but who makes money I'm spite of
himself, bat we like to believe that real
success belongs to the man who puts
his BRAINS as well as his money into
his investments.
We think it foolish for a man to work
hard TO earn and save a few hundred
dollars and then turn those savings
loose on the street, with no effort TO see
that they return with profit Invest
ments I'm oil royalties are about the only
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
NEW POOLS
fContinued from Page Onel

kIOuJlnucu tFom EAko OAcJ
independents are watching this re-
gion with much interest.
After studying the Montana sit
uation, Ottman chose the north
slope of Kevin-Sunburst where
there has been little or no drilling
in the last IA years. His location
is less than two miles from the
National Petroleum we'll, one Of
the first in the field, which was re-
ported to have a natural production
of eight barrels per day but which
was too small to be commercial in
those pioneer times. Wells with
that much oil are being acidized
and converted into 10O-barrel pro-
ducera in Kevin-Sunburst field to-
day. Ottman is also working on
the theory that there is a nose"
running up onto the structure from
the Border-Red Coulee pool on the
extreme north edge Of the Sun
burst dome
-------------
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
PerrOn Holds
Well Down To
Market Demand

Perrou-Hugi No. 8, SW SWA
SEA 3-35-3W, sensational 800
barrel producer completed two years
ago, is being held at rs barrels
per day. It has developed no ap-
probable amount of water and is
being produced at the rate of the
market outlet available.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01
PROSPECTOR
Continued from Page one)

cement liner through much of the
Rootenai formation. Since oil &C
cumulation is believed to come from
vertical migration through faults
or cracks in the Madison lime, in
this field, owners Of the we'll are
looking hopefully forward to the
possibility of large production,
should this hole tap the lime near
a crack or fault.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Father (intense with excitementl
Well, boy, what happened when
you asked the boss for q raise?"
Sem Why he was like a lamb.
What did he sayg"
Son-ssBaa."
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Safe driving at a moderate speed
requires nothing but self-control
and a strong rear bumper.
Five and ten-cent stores were or
ganized so that married women
could have a place to spend their
allowances.
The nice thing about a dun party
is that You get to bed at a decent
hour
Darling, win you be my wifeg"
'WfIl you always let me do just
what l like7"
Certainly"
''Can mother live with us?"
"Of course, dear"
"Will you give up the club and
always give me money when I ask
for it,"
Willingly, my pet"
Sorry; but I never could marry
such boob"
McNutt-"Just burned a humid
red dollar bill"
McNitt-"GOsh, you must be
well, it's easier to burn 'em
han to pay EN-"
So
You probably don't remember
me- began the self-made man
proudly, '"but thirty years ago when
was poor, humble boy, you gave
ne a message to deliver"
Eyes, yes" cried the busy man.
Where's the answer"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Are you sick?"
II certainly hope so. I'd hate to
feel like this when was we'll"
"Ail the couples dancing here are
strangers to me-"
ooh. don't worry. Wen bump I'm
to somebody we know pretty soon"
Coed: II want a pair of bloomers
to wear around my gymnasium.
Clerk (absently): How large is
your gymnasium
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Our Butte client says he had no more
money to invest. He took "shot in the
dark" with his $40. he confesses, al
though ne had received ali of the liter
ature we provide to our members before
they are allowed TO participate in any
purchases. But had he bought not one
but FIVE royalties In Out Bank, he
would today have something to show
for his savings. We looked mp the next
four royalty purchases we made after
the one he bought. The next four would
have given him steady income that
would be nearly equal, we figure, to his
present earnings from wages.
Those were the bargain days of Cut
Bank oil field. We bought royalties
then for about 0ne-fourtb of what we
have to pay for the cheapest Cut Bank
royalties today. In those days we had
TO GAMBLE to a large extent, since
none knows the limits of the Cut Bank
field. Fortunately, we stayed chose TO
production as we moved along ahead Of
the drill, and fortunately the field COM
timed to extend beyond the properties
which we bought, until we arrived at the
south limits, the Marias river. It
was not the work of a genius. but mere
hOrse-sense deduction that so long as
we could keep ON this sandy beach of
the ancient seacoast which now forms
the Cut Bank oil field, we would get
oil land
Those opportunities are pretty well
exhausted in Cut Bank today But in
Kevin-Sunburst the new science of aci-
dization has given us parallel oppOrtu-
mites. We know that hydrochIoric acid
has made wonderful oil wells out OF
shOwings of oil that heretofore would
be abandoned without so much as a
notation in the well HOg of showing
of oil. We know of areas of Cut Bank
field where earky-day wells were drilled
into production of from two to eight
barrels per day-and abandoned. Those
areas. we know, win respond to acid and
that in due course OF time they will be
drilled and acidized
1t is again a matter of utilizing what
we term horse-sense, I'm acting on this
simple deduction. 1t has proven out so
many times that 1t is no longer a point
of question. We are picking up royal
ties for far less than we paid for Cut
Bank royalties in the pioneering days.
Circumstances known to all of us have
created the greatest bargains the Mon
tana oil industry has known. We know
that those circumstances, involving mar
kets for crude oil are shortly to change
1t viii not be long until these bargains
are memory.
We invite any who wishes to join I'm
our buying program TO write to MS.
Full details regarding the organization
and its educational literature viii be
forwarded to anyone genuinely interested.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Following are the comparative fig-
ures By fields:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Five and ten-cent stores were or
ganized so that married women
could have place to spend their
allowances.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

LANDOWNERS ROYALTIES COMPANY
Great Falls, Montana
Am interested in your organization and your program
burst field.
(Your Name Il Ful)
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

The nice thing about a dun party
is that You get to bed at a decent
hour
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

Safe driving at a moderate speed
requires nothing but self-control
and strong rear bumper.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-10-01

a crack or fault.
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-12-22
Legal
CALL FOR REGISTERED
WARRANTS

Notice is hereby given that
the following Bio Horn County,
Montana Registered Warrants
are called for payment on De-
cember %, 1898 on which date
interest thereon ceases:
County General Fund War
rants - Warrants registered Oh
October S, 1887 and all previous
dates.
County General Witness War;
rants-Warrants Registered on
October "a, 1885, and all previ-
Gus dates.
County General Juror War
~ants-Warrants Registered o.
tober 9, 1885 and all previous
dates.
County Road Fund Warrants
Warrants Nos. 1878 to 1901
Inclusive.
County Road Fund Warrants
Warrants Registered from No
vember 16, 1887 to May 81, 1888,
both dates inclusive.
Dated December %, 1888.
Bert Slater, County Treasurer.
Pub. Dec. 22)
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-12-22
LOCALS

in the Rose Bowl New Years
Day.
Mr.. and Mrs. Henry Ulrich,
Henry, Jr., and Henrietta made
a trip to Billings Wednesday.
Charles R.. Stobaugh is leaving
this evening to spend Christmas
..1ith his mother, Mrs. Ada Sto-
baugh, in Okeen, Okla.
Raymond Gustafson of Boze-
man is visiting at the home OF
his sister, Mrs. John Mielke,
here.
Charles Sweeney, who mas
been attending the University
Of Montana, arrived Friday to
spend the holidays at his home.
D. L. Egnew made a business
trip to Sheridan Friday.
Fred Wilmarth returned Suu-
day morning from Missoula,
where he visited Robert A. vic
kers, Jr., and family.
DANCE, Monday, December 2e
at the grade school gym. Spon-
sored by the Oronyx Club.
James Anderson arrived Sat-
urday morning from Minneapo-
lis, Mimi, where he has been
attending he McPhail School OF
Music, to spend the Christmas
holidays with his parents, Mr.
and Mrs. o. E. Anderson.
DR.. and Mrs. G.. A. Baker were
IN Red Lodge Saturday.
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-12-22

Mrs. A. M. Chilly and her
daughter, Miss Olive Shreve
will attend the christmas pro-
gram given at the Spring Greek
school, taught by Miss Mary
Beth Shreve, this afternoon.
Willard Scott and Dan Mad
dox made a trip to Sheridan on
Tuesday.
Homer Trusseli and Art Gus
tafson of Sheridan, Mont, came
to Hardin Monday to spend the
Christmas holidays.
DANCE, Monday, December 26
at the grade school gym. Spon-
sored by the Oronyx Club.
Miss Hazel HuSsey spent the
first of the week in Billings.
M. B. Roach and Edward C,
I.arkin made a business trip to
Billings Tuesday.
ID. L. Egnew was in Billings
Thursday on business.
James Durkin spent the week
end in Miles City.
Mr. and Mrs. v. 7. Morris and
Jimmie, T. A. Weir, Harry Hen
derson, and Dale Redman made
a trip to Billings Saturday.
MIR. and Mrs. Loren P. Ken
yon left the first of the week
Tor California. They plan to Wis
1T in San Francisco, and will at
tend the University of Southern
Callfornia-Duke football game
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1938-12-22

Mr.. and Mrs. Arthur Roseber-
ry of Billings were Hardin Wis
itors Sunday.
Mr.. and Mrs. W. Lyle Bell
made a trip to Miles City Mon
day.
Guests of DR.. and Mrs. v. w.
Wolf during the Christmas va
cation include DR.. VOLTS faith
err, C. E. Wolf of KirkSville, Mo-;
DR.. VOLTS brother, bearing
Wolf, a senior student complet-
ing his sixth year at the Kinks
vile college. of Osteopathy and
Surgery, and Miss ArabelIe Bak-
err. a junior student at Kinks
| vile College of OSteopathy and
Surgery. They were accompan-
led as far as Hardin bv Mr.. and
Mrs. Dick Weaton of Lewistown
and Gordon Hamilton of Round
up. MI. Weatson and Mr. Ham
ilton are also students at the
Kirksville college.
Charles R. Stobaugh attended
a conference of couny super
intendents of Eastern Montana
in Miles City last week end.
! The group discussed the pro-
posed education legislation, es-
pecially the bill to redistrict the
counties in the state.
Miss Alice May Anderson ar
rived Saturday evening from
Nevada, Mo-, where she has been
attending Cottey College. She
will spend her vacation with
her parents, Mr.. and Mrs. o.
E. Anderson, here.
DANCE. Monday. December 26
at the grade school gym. Spon-
sored BY the Oronvx Club.
Mr.. and Mrs. c. A. Corkins
were dinner guests at the D. L.
EgneW home Monday.
The Rev. and Mrs. E. w. Den
ming were SUNDAY dinner guests
at the j. w. Bulls home.
Mr.. and Mrs. John Rankin
and Mr.. and Mrs. Merrill B. Ev-
enson were Billings visitors on
Thursday.
Mr.. and Mrs. Harry Hender-
son, Mr. and Mrs. James C. Ho-
gan and Miss Dorothy Hogan
were in Billings Friday.
c. W. Wolf. bearing Wolf and
Miss Arabelle Baker. house
guests at the v. w. Wolf home,
| made a trip to Billings Tuesday.
D. L. Fgnew went to Laurel
Wednesday afternoon to meet
his daughter, Ruth, who will
spend her vacation from Mon
tana State College at her home
here.
Mrs. Gussie Harding left re-
Gently to spend Christmas in
her former home. This will be
her first Christmas there in 81
years. She also expects to visit
in Kentucky.
After serving a four-year en-
lietment in the U. S. navy at
San Diego, CAL, George E. Gil
mer arrived in Hardin, Monday
evening, to Join Mrs. Gilmer
and their little daughter, jan
ma, who have been guests at the
home of Mrs. Gilmer's parents,
Mr.. and Mrs. A. F. Jack" Row
land the past four months. Mr..
Gilmer received his honorable
discharge with the rank of av-
iation machinist mate, third
class. He enlisted December 10,
1894. at Miles Citv. where his
father, Earl w. Gilmer has for
the past II years been freight
agent for the Milwaukee rail-
way. George will make his per-
manent home in Hardin, having
entered into the employ of the
Big Horn Meat Market, owned
and operated by his uncle, S. B.
Bud" Newark.