davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

NAY HILE there are problems of over
w production in different parts of
the United States, as Is always
true, the general outlook for tile industry
at large is a situation that demands the
development of more crude reserves.
Governor T.. w. MARYLAND of Oklahoma,
himself an experienced oil man, called
upon Alex w. Mccoy, consulting geologist
of POnca City, Okla, to compile statis-
tics on the industry TO determine the true
outlook. This engineer estimated that
discoveries must be made during the
next five years in order to balance supply
with demand in 1045, tOtaling 5000, OOO,-
600 barrels and i'm order to meet the
expected demand during the next 20
gears it is necessary, in addition to the
production from the known reserves, to
discover 28,OOO, 100000 barrels of new
oil. He found that present drilled re-
serves are capable of supplying tile de-
mand only until November 1871.
Local problems in the industry are
usually quickly solved by the laws of
supply and demand. In the large pro-
ducing areas, state and federal laws
have proven adequate to prevent flooding
of the markets, thereby insuring a gener-
al sterilization as against ruinous cut
throat competition, as in the past. How
ever, the industry Is growing more and
must be developed to care for the future.
The great oil fields of Texas and Louis
lana have passed their peak and tte i'm
dustry knows that new fields must be
developed TO care for their natural de-
cline.
Here in Montana We have had a dras-
tic over-prOductiOn situation growing out
of the loss of the Canadian market. To
some this seemed to mark the end Of the
Montana oil industry, so great was their
encouragement. To others it merely
meant an opportunity to step ont and
establish new and permanent an-year
markets. In the past the Montana oil
industry has been on an annual feast
famine basis, with feast In the summer
time when Canadian demand was heavy,
and famine I'm the winter time WHEN the
Canadian refineries were shut down.
New markets developed by Montana
producers will be largely all-year markets.
The refiners are contracting 20 take a
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

Withdrawal from the north Mon
tana fields results from the develop
ment Of a vast oil field at Turner
Valley that is capable of producing
more oil than all of the present oil
fields OF Montana There has been
some talk that Imperial might con-
tinue to purchase some Montana
crude for blending purposes but this
possibility is largely restricted to
Pondera, which produces a crude
suitable for making excellent road
oil.
A representative of Transit &
Storage recently asked for written
prices on crude in both Cut Bank
and Kevin-Sunburst Unsuspecting
producers are said to have written
offers to sell their crude for as
little as 85 cents a barrel. 1t be-
comes known that the purpose OF
the solicitation was to get evidence
to present before the tariff com
mission at Ottawa in the effort of
Imperial to have a tariff placed on
Montana crude and petroleum pro-
ducts, these letters serving to prove
that distress" crude in Montana is
injurious to the Canadian oil in
dustry.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

A few years ago at the Globe
Trotters' annual dinner the prin-
cipal speaker was discoursing on
Turkey and its environs. During
the course of his speech ne several
times mentioned the word eunuch
It happened that at this dinner
Chauncey Depew was seated next to
a sweet young thing and finally she
turned to Mr. Depew and asked him,
Mr.. Depew, what is a eunuch?"
Depew was somewhat taken back
but his ready wit stood him In
good stead so he replied. why, my
dear, a eunuch is a man that is
bald" The sweet young thing,
glancing at Depews bald head said,
Well, Mr. Depew. then you must
be a eunuch," His quick reply was,
No, my dear, l am too bald
A much travelled lady and gentle
man were being shown through the
famous Sultan's Palace
in Constantinople by a guide whose
English was quite good but some |
what inaccurate in pronunciation.
When the party reached the harem. |
once temporarily occupied by the
Empress Eugene. J
the guide remarked:
Does was Empress Eugenie's
slipping quarters-dees ess wair she
slipped"
Wife to Absent-minded Professor:
DO you realize it's rs years ago
oday since We became engaged ?"
Professor: "Eh? Why didn't YOU
,emind me OF it before? It's high
fme we got married."
Note from teacher on Mary's
eport card: Good worker, intelli-
-ent, but talks too much"
Note from father, over his sig
ature on back of report card:
Come up some time and meet
er MOTHER ]
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

Billions Of Barrels Of New
Oil Reserves Must Be Found

oil. Then came gasoline which was the
dominent part of the crude. Now the
industry has developed values for the
distillates and the burning oils that make
them almost equal in value to the gaso-
line Scientists say that the time is at
hand when the gasoline viii no longer be
the chief element of value in a barrel
of crude. The products of petroleum are
now numbered in hundreds, and that
number will increase, as the chemistry
of petroleum is developed.
The man who chooses royalties as his
vehicle of investment can make no mis-
take at this time The time to buy Is
on the low OF a market. The time to
sell, if at all, is at the ''highr. Tile cir
cumstances sucId we have had in north
Montana provide a buyers Market
When new refineries are completed and
wells are drilling ON every HAND, the
sellers will come into domination again.
Now, ahead of the inevitable solution of
market problems, is the time to buy
royalties advantageousky If there were
any doubt about the situation I'm the
national indfusfry, tho local situation
might be less promising. There is none
who does not believe that the world
market for petroleum products is due for
record proportions during the present
year, irrespective of wars The prepare
tiOns for war of the past year showed
the tremendous Importance of petroleum
in international affairs. Modern war
equipment is all notwithstanding pet
rOleum products. The war situation
alone Is enough to insure growing mar
kets for the oil industry
We can see the local situation working
out ON a stabilized basis. There Is a
growing desire on the part of operators
to find new reserves. Rather tEhn sit
ting back i'm the belief that there is
already more crude than can be disposed
of, operators today leasing MP adj
ditional oil lands, as best evidenced by
the leasing activity in the West Kelvin
Midway area, between Kelvin and Cut
Bank fields. We are purchasing royalties
in this area on a wildcat basis, which
affords the greatest possible profits I'm
the event that oil Is developed.
Amy who is interested i'm joining with
us in our buying program is invited TO
write us.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
LAWSUIT OVER GAS ODOR

Claiming that his patent rights
have been infringed upon, Arthur
Erwin Saner of Butte is suing the
Great Falls Gas Co. for $780, OO
because the company has introduced
an odor in the natural gas used in
Great Falls. The odor is provided
to warn householders of gas leaks
but Saner claims he patented the
idea on June 90. 1921. James H.
Baldwin, Butte, has a third interest
with Saner.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
ESTIMATES POTRNTTALs

More than a million barrels Of
new potential oil production was
added by drilling in Montana during
the year 1887, estimates the oil &
Gas Journal of Tulsa.
From $50 acres of new acreage
woven up in Kevin-Sunburst ex-
tensions an ultimate recovery of
$4,000 barrels is estimated and
s~om ITO acres of Cut Bank extern
s'ons a recovery ultimately OF $685.
900 barrels is estimated. totaling
1921, 900 barrels in 1886, the
Journal estimated Cut Bank extern
sions at 4.573 acres with recover
able reserves of 1868 900 barrels
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
WILLIAM LAMB PASSES

HELENA-Wllliam A. Lamb, Sc
district engineer for the U. S.
geological survey in Montana,
North Dakota and South Dakota,
dBed suddenly of pneumonia At a
hospital here.
He had been i'll only about 9
hours.
A native of Colorado. ne spent his
bcyhood on a ranch in that state
and was graduated from Colorado
State college at Fort Collins.
He came here as district engineer
for the geological survey in 1909.
and held that office at the time OF
his death.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
REsIsTs GASOLINE TARTFF

LETHBRIDGE. Alta. - Alberta
gasoline and fuel oil consumers are
organizing to resist the efforts of
the Turner Valley producers to
have the tariff on oil products
raised to the point where imports
would be prohfbitive.
At largely attended meeting in
this city an organization was eff
fected and representations will be
made to the tariff board opposing
the move against imported oil
Farmers all through the province
are also organizing and the case of
the consumers will be placed before
the board at its approaching sittings.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
ANOTHER TAx STORY

I'm 1927 the Curtis Publishing
Company filed fourteen tax returns
with Federal, state and local gov
ernments. It cost $3.50 to prepare
them. In 1887 this company filed
about 44,5OO tax returns, the cost
of preparing which was $4,000.
In 1927 this company filed one tax
return in Canada. In 1887 it filed
one return there. Saturday Even
ing Post.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
REFINERY employees
HAVE night SCHOOL

Employees of International Re
filming company have organized a
night school, to take advantage of
the opportunity to learn more about
the refining industry. The first ses-
sion OF the year was held Wednes-
day night in the high school audi
forum at Sunburst and there were
80 or more present. They will hold
classes each week and will take
various phases of the oil industry.
from geology to chemistry. The lee
turers will be chosen from among
the personnel. At the first session
A. Dorsch, of New York City, re-
search engineer of The Texas com
pany. spoke on plant operation, fol-
lowed by questions and discussion.
SEND A CONTRIBUTION
To THE csTvNDTTrDcfr DAn-DwD
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
TEARING DOWN TANKs

Work of tearing down two So
000-barrel tanks purchased by Gla-
cier Production company from I'm
perial Oil company, at Sunburst.
is now in progress. The tanks are
to be moved to Cut Bank for cree
ton. It will probably be April be
fore they will be ready to receive
oil.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
ARE THEIR FACES VERY RED?
Offers In Writing To Sell Cheap Crude Are
Boomerang For Cut Bank Producers.

Transit agency Imperial
other
pu
recently
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12
OIL LEASES AUCTONED

Harlan Scott. manager Of the
Montana-Dakota Utilities Co, was
the only bidder on 1920 acres of
oil and gas leases on the Bowdoin
auctioned Monday at the
Great Falls land office. He was
awarded the leases on a bid of 10
cents an acre bonus. The lands
covered by the leases are in eight
units, in townships 81 and 80 north,
ranges 33 and "a east.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

Bill Burks was driving off aboui
q foot in front OF the teeing marx in
his first attempt at goif. The club
secretary happened to come along
"Here!" ne cried Indignantly
''You can't do that. You're dis
qualified"
"'What for?' demanded the player
You're driving off in front OF
the mark"
+ ITO H-.----- with you!" Bill said
tersely. I'm playing my third
strokei"
Slippery ice, very thin.
Pretty girl tumbled in.
Saw a boy upon the bank
Gave shrek, and then she sank.
Boy on bank heard her shout,
Jumped right in-helped her out.
Now he's hers-very nice;
But she had to break the ice.
Community Chest Solfcitor:-
what can put you down 1or?"
She:-"How dare you!"
Man has proved it possible to
master every tongue in the world
except his wite's.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

SEND A CONTRIBUTION
To THE SUNBURST BADGER
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-02-12

Man has proved it possible to
master every tongue in the world
except his wihe's.
The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-09-23

severaEy become due; both principal
and interest payable i'm Gold Coin OF
the United States OF America OF or
equivalent to the present Standard OF
| weight and fineness at the banking
house Of the Wyandot.e Savings Bank,
Wyandottc. Michigan. and for the
prompt payment OF this bond, boui
principal and interest and maturity,
the full faith, creiit and resources OF
said City Of WyandOtte are hereby ir-
rtyocably pledged.
This bond Ii one Of an issue of ten
(lO) bonds OF like dafe and tenor, OF
the denomination Of One THOUSAND
Dohars t$1,OO0.OO) each, numbered
from one 10 nine 90 inclusive and
bond No. ten t1OD i'm amount OF Nine
hundred rwenty-eight Dollars (S92o.-
Oo) amounting in the aggregate to Nine
Thousand Nine Hundred Twenty-eight
Dollars lS9,9-S.OOD issued By said Ci,y
OF Wyandotte, for the purpose of pro-
viding funds TO defray the city's por-
ton OF The cost and expenses of grad
lug. curbing and paving Fifth Street
In said City from Forest Street TO
Grove Street, Second Street In said
City from Bennett Street to Lahadie
Street. Lsabadie street In said city FROM
Biddie Avenue to All Metal Products
Company Properly line. Clinton Street
In said City from Alfred Street. to
Sixth Street and Fourth Stress i'm said
City from North Drive to Goddard
Road.
These bonds are issued under and by
virtue of resolution. duly and regu-
larly adopted by the Council of. said
City ON the 14th day of September,
A. d. 1888. and under and by authority
Of and in accordance and i'm full com
pliance with the provisions of the Char
ter OF said City which Charter was
adopted on the ind day Of March. A.
ID. 1926. by vote Of the duly qualified
electors of said City at an election
caHed for that purpose under the pro-
visions Of Act No. 20 as amended. OF
the Public Acts of the State of Michi-
gan for the year 1909, entitled An Act
to provide for the incorporation OF
cities and for revising and amending
their charters"
1t is hereby certified, recited and
declared that all acts, conditions and
things required by the laws and sta
tutes Of the State of Michigan be done
precedent TO and in the leyying Of said
Special Assessments and I'm the issuing
of said bonds have been properly done,
happened and performed in regular and
due form as required by law and that
the indebtedness evidenced by this SER
les of bonds does not exceed any statu>
tory or constitutional limitation.
And it is hereby further certified
that the hereinbefore described issue
Of bonds, Of which this bond is one,
are serial bonds, some of which fall
due annually till all are paid
In Testimony Whereof, the City OF
WyandOtte 10y its Council. has caused
this bond TO be signed by its Mayor
and cOuntersigned by its City Clerk,
and its corporate seal attached and the
interest coupons hereto attached to be
signed by the original or Autographed
fac-simile signature OF the City Clerk
rs of the 18th day of October, A. ID.
1888.
CITY OF WYANDOTTB
By------------
]
The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-09-23
City Clerk.


City Clerk.
/ move the adoption Of the forego-
ing resolution.
Councilman James III. Mason.
Supported by Councilman Louis
Benin.
Yeas: COuncilmen George Benin,
Louis Benin, BrOhl, kreger, Mason,
Wagar.
Nays: None.
Special Order.
Councilman Wagar, Chairman Of the
Weed Committee, requested that all
complaints on weed cutting assess
ments be referred to the Weed Com
mittee for investigation.
Adjournment.
Motion to adjourn at ten +. NJ, by
Councilman Mason. supported by
Councilman Kreger
1 Yeas: Councilmen George Benin,
Louis Benin. Brohl. Kreger. Mason,
Wagar.
Nays: None.
LAWRENCE ]. LaCOURSE,
n City Clerk.
The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-09-23
Mayor
COuntersigned:
City Clerk

City Clerk
FORM OF INTEREST COUPONS
NO.-------- ----------19-- $---
The City Of Wyandotte, i'm the COun-
ty of Wayne and State Of Michigan,
win pay the bearer Dhe sum of-------
Dollars lawful money of the United
States of America at the banking
house Of the WyandOtte Savings Bank,
Wyandotte, Michigan, for semi-annual
interest due that day upon its paving
bond dated ---
Bond MOI
The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-09-23
Amount Date Of

Resolved Further, that said serial
bonds and the interest coupons thereto
attached shall he payable at the Wy
andotte Savings Bank. In said City Of
Wyandotte and that said serial bonds
i,e sold at the direction of said City
Council, at not less than par value and
that the proceeds of said sale be paid
Ia the Treasurer of said City and by
him placed To the credit of the General
Street Fund of said City.
Resolved Further, that the Mayor
and the City Clerk of said City be. and
they hereby are authorized and direct
ed 10 execute, sign and cOuntersign
said bonds and affix thereto the cor
porate seal of said City, provided. how
ever. that each Of the interest coupons
affixed To each of said bonds shall be
executed with the original or lithO-
grapLed fac-simile signature of The
City Clerk, and that the City Treasurer
be and he hereby is authorized to de-
liver said bonds to the purchaser or
purchasers thereof upon receipt OF the
purchase money therefor, and that. said
bonds and the coupons attached thereto
except only as To the necessary varia-
tions I'm. denomination. numbers and
dates of maturity, be substantially i'm
the following form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF WAYNE
CITY OF WYANIpOTTE
PAVING BONDS
The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-09-23

Know All Men BY These Presents,
that the City of wyandotte. County of
Wayne and State Of Michigan. ac
knmledges itself 10 owe. and for value
received hereby promises tn pay the
bearer the sum Of ---------- Dollars
(xz) ON the ------------ A. ID.
-. together with interest on said
sum from the date hereof until paid at
tho rate of -------- per centum
(-Rl per annum. payable semi-an-
nuaHy on the 49, day of -------- and
In each year and upon the
presentation and surrender Of the In
|terest coupons hereto attached as they
Evening star., 1938-07-03

The popularity Of peasant
styles suggested the laced bodice
for this ideal vacation frock. The
plain skirt has enough flare for
perfect freedom. The deep v
neckline is softened by a pretty
collar. Pattern No. H-3288 is
designed for sizes IL. IA. l6. 18
and 20 80 to 38 bust). Size IA
requires a., yards of 35-inch
material with short sleeves, As
yards of braid or ribbon.
Evening star., 1938-07-03

The smart little play
suit at the left. modelled
by Virginia Weidler. the
screen Starlet. is the
freest. coolest thing a
small girl can wear. You
will want to make half a
dozen suits from this
pattern and you can do
1t in no time at all! Pat
tern No. H-3217 is de-
signed for sizes 2. 4. 6
and 8 years. Size 4 re-
quires 1k2 yards of 35-
inch material, 6 yards Of
braid to trim.
Evening star., 1938-07-03

The distinctive SIM
plicity of this one-piece
frock makes it as adapt
able as it is easy to
make. It's smart ard
correct for town O.
country wear. for spec
tatOr or active sports.
Pattern No. 1854 is de-
signed for sizes IL. IA,
16. 18. 20 and 40 80 to
40 bust). Size IA requires
27s yards of 54-inch ma :
terial with short sleeves:
A. yards of 35 or SO
inch with long sleeves.
Evening star., 1938-03-15
Washington Exchange

SALES.
Washington Gas Light pfd.-lO at
1904. l at l00l4.
Bid and Asked Prices.
PnNnS
Evening star., 1938-03-15
FIRE INSURANCE
PROFITS IMPROVE
Reduced Losses and Gain in
Premium Volumes Are
Factors.
Special Dispatch to The Star,

Special Dispatch to The Star.
NEW YORK, March 15.-From the
standpoint of underwriting and in
vestment earnings. practically all fire
and casualty companies enjoyed a
profitable year in 1887, according to
a report on the financial status of
leading companies in this field pre-
pared by Allen e. Co., who state, in
part:
Supplemented by reduced fire
losses, which were approximately 3
per cent below 1886, and, in most
cases. increased volume of premiums
written, underwriting results were sub
stantially better than in the previous
year. Although we are in the midst
OF a severe recession, yet due to the
nature of the fire insurance business
and its present stabilized condition, we
feel that the volume of new business
for the ensuing year will show only a
moderate reduction.
with background of good busi-
ness for the first three quarters of
the fiscal period, the investment in
come received by fire companies was,
in the majority of instances, larger
than in the preceding period. Again
there was the stimulus of the tax on
undistributed profits, which resulted
in most corporations paying out
greater proportion of their net income
Due to the severe drop in security
prices, surpluses at the year end were
mostly below those of 1886, with a cor
responding reduction in liquidating
values. This brings to the fore good
portfolio supervision, which in itself,
is linked with good management, a
most important factor in times Of
radical security price changes.
Casualty companies. aided by a
combination of favorable factors and
changes in the nature of the industry,
enjoyed their third successive year of
favorable operations. With the States
imposing compulsory laws and with
the nature of the insurance changing
from one of relative luxury to that of
necessity, the volume of casualty in
Surance written has shown marked in
creases in recent years. Having as its
foundation an adequate rate level,
greater safety campaigns and severer
motor vehicle regulations, automobile
casualty is now on a paying basis.
Workmen's compensation laws have
been broadened. making this type of
insurance an important part of the
casualty division. Miscellaneous lines
have shown moderate increases in
volume, and all these improvements
reflect clearly the public's growing
recognition of the necessity of certain
types of casualty insurance. Decreases
in investment income and liquidating
values of casualty companies were not
as large as in the case of fire COM
panies, since fixed bearing obligations
make up greater percentage of cas-
ualty companies portfolios.
Evening star., 1938-03-15

'Ex dividend.
b-Books closed.
Tplus extras. e2s extra f2l2ee extra.
eSl4 extra paid Nov 30 1887. his cents
extra. k30 cents extra. n,S3 extra.
Evening star., 1938-03-15
FINANCING LULL
HOLDS attention
Investment Bankers, Inc, Sends
Questions to More Than 5000
Firms in Survey.
Ey the Associated Press

Ey the Associated Press.
NEW YORK, March 15.-When
there is discussion in Wall Street on
the long-continued stagnation in the
capital market there is usually a
tendency to echo the words of outside
commentators who have been blaming
New Deal policies, particularly the tax
laws.
But apparently the verdict does not
satisfy the whole audience in the finan-
cial community An organization,
known as Investment Bankers, Inc,
headed by Baltimore financier, is
seeking by means of QUESTIONABLE
to determine the basic reasons for the
condition. The questionnaire has been
sent to more than 5000 companies
throughout the country.
Explaining that viewpoints are
sought with respect to all elements of
the problem, Legislative. economic,
psychological or governmental" an ac-
companying letter pointed out there
ARE widely divergent views as to the
reasons for the present inactivity of
this market"
One belief, according to the letter, is
that funds are available to all sound
industries; that they are not being
used ibecause of the state OF mind of
both the borrower and the lender"
Another opinion, said the letter, Is
that funds are not available for rea-
sonable capital risks in a great many
sections of the country. aside from ap-
prehensions of borrower or lender.