davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-02-09
G. NJ. SHOWS SHARP
DROP IN JANUARY
Sales Total 94,267 Units, Com.
pared With 100, ,444 in
December.

NEW YORK, Feb. 9 UP).-A sharp
drop in sales in January of General
Motors cars, as compared with both
December and January, 1887, was dis
closed by the company.
Sales to dealers in the United States
and Canada, together with overseas
shipments, the report showed, totaled
94,267 units. compared with O,444
in December and lO3, 1868 a year ago.
Sales to consumers in the United
States reached 5000. against se,6s2
in December and 92.s9s in January.
1887. In this connection the report
said:
In comparing this years figures
with those of year ago. it should be
borne in mind that in January and
February. 1887. the sales did not fully
reflect the consumer demand because
OF the stoppage of production and the
shortage of cars in the field resulting
from the strike"
Sales to dealers in the United States
in January, it added, totaled 56,938
units, compared with 108,232 in
December and 70,901 last year.
Evening star., 1938-02-09
FEDERAL PARLEYS
CALLED FAILURE
Business Hopes DWindIe
After Efforts for Bet
ter Relations.
Special Dispatch TO The Star.

NEW YORK. Feb. 9.-Busineas men
who, as recently az few weeks ago.
had been confident that out Of the
Washington conferences would come
q mutual understanding which would
permit cooperative action by business
and the Government N end the de-
preston are noT realizing that any
such program? u impossible, obser'es
the Standard Statistics CO.
Rather tran anandon the broad
object!veS yn!cn II mas set FOR .tseit,
the GoYerTmen. must inevitably seek
10 prrmo.e business recovery through
the unzound medium Of another pro-
gram ~ iarge-sca!e dehcl. spending.
Taking strictly objective y.evpo!n.
~ the IN oalzse which has been reached
a. Warrington, Il ig eT.dent that a
further pe!.o1 Of uncertainty les
ahead. Congress- l. entirely unlikely
20 eaac. restrictive legislation, d..
neither Congress nor ne admins
trat.oa car Immediately provide tie
spark u res!adle tne tres O. industry.
DeTe!oplaer. 6. rev spending pro-
gram necessarily vi. oe SLOW.
Too much apparently rad been ex-
pected ct the conferences a. Wash
trgtoo between representatives o..
big" and little" business on the ore
hand and Government officials on the
other. Business interests primarily
des.re an easing Of the broad Gov
eminent attack on private initiative.
and it Is obviously impossible for them
to formulate any cohesive program of
specific measures for recovery beyond
this general request.
Government policies are necessarily
dictated as much by political factors
As by economic influences. It is diff
cult, therefore. for the Government
to offer to relinquish any major part
OF its program Of policing" business,
when to do so would involve an I'M
portant loss of political support.
Evening star., 1938-02-09
FEDERAL RULES EASED
ON WEIGHT OF LAMBS
BY the Associated Press.

By the Associated Press.
There'll be more tender lamb chops
for Uncle Sans fighting men this
spring and more dollars for Western
stockmen as a result
The committee that fixes speciflca-
tons for supplies purchased by vari-
Gus Federal agencies, including the
Army. Navy and marines, said yester-
day it had authorized purchase of lamb
carcasses weighing up to so pounds
between now and April 30.
THE old limit was As pounds, and
carcasses over tnat weight were bought
as mutton" an Army officer explained.
I'VE think we should help out agri-
culture whenever We can" He said
he could not estimate how much the
total gain to the stockmen would be,
but said 1t would amount to about 81
more for each carcass.
Evening star., 1938-02-09
LOBE.WERNICKE co.
NET IS $104, 1874
Earnings Represent Increase of
About Is Per Cent Over
Year Before.
By the Associated Press.


CINCINNATI, Feb. 9.-Globe- -Wer-
nicke Co.. Office equipment manufac-
turers. reported today net profit Of
$l04,197.34 for 1887, after deductions
OF S53,3085o interest on outstanding
6 per cent flrst-mortgage bonds and
S20,657.63 for Federal income taxes.
This represents an increase of ap-
prcximately Is per cent over 1896
earnings, and, the company said, was
its best since reorganization in 1884
Eastman Declares Dividend.
NEW YORK.-Directors of East
man Kodak Co. today declared quar-
terly dividend of $3.50 on common
stock, payable April 3 to holders of
record March S. On January a
payment of 81 was made, while in
1887 the company paid s15O in April,
50 quarterly in July and October and
so cents extra in December.
$4,000 Bicycles Sold.
CLEVELAND.-Murray Ohio Man.
ufacturing Co.. reporting the sale of
10000 bicycles in 1887. announced to-
day net income of s228,254. compared
with s302,254 in 1896. The company
also engages in toy manufacture and
stamping.
Evening star., 1938-02-09
CHICAGO PRODUCE.

CHICAGO. Feb. 9 (P.-(United
States Department of Agriculture -
Potatoes, IS; on track. 251; total U. S.
shipments. $50; old stock dull demand
slow. supplies moderate; sacked, per
cwt., Idaho Russet Burbanks, U. S.
No. l, 1921 40; Colorado red Nc
Clures. U. S. No. l, 1850; North
Dakota Bliss Triumphs. U. S. No. /,
1.07l2- 10; cobblers, $3.50 per cent U.
S. No. l, LOS; Early Ohios, 80 per
cent U. S. No. and better 1.15-171a;
Wisconsin Round Whites. U. S. No. l,
1.00-02l2; Michigan Green Mountains,
U. S. No. l, Ito; new stock weak, de-
mand slow, supplies liberal; track
sales carlots, bushel crates, Florida
Bliss Triumphs, U. S. No. l, 1.45.
Butter-55l,733. unsettled, prices
unchanged. Eggs, 9,475, unsettled; !;
fresh graded. extra firsts local, l61s !;
cars, l6A; firsts local, 1914: cars, 16 y !;
current receipts, is.
Evening star., 1938-02-09
CHICAGO LIVE STOCK

CHICAGO Feb, . tP,.--tUnited States
Department of Agriculture Hogs, l., 900,
including 1000 direct: market strong to
10 hisher than Tuesdays average; light
weights showing most advance; TOP. $50;
bulk good ano choice .l50-22O pounds,
S:60-s5; 23O-2s0 pounds, S.l5-50; 300
$50 pounds 1.15-SlO; good medium
weight and heavy packing sows 7.OO-25;
light weights up to $50.
Cattle, 1000: calves. 1900: fed steers
and yearlngs moderately active. strong to
"a higher; market forced affair due to
sharpl ~ abridged receipts: largely steer
run; bulk, 7.00-s.50: practical top. 975.
but prime heavies went on a special ac-
count at l l.50: all interests in trade but
buying buying conservatively; weighty heifers IS
hlsher; lght heifers strong strictly choice
neaVy heifers 3 higher: light heifers
ftTSnes gS1 strictly choice heavy heifers 900
$50: COWS and bulls strong: vealers steady
e ~ lower; mostly 1850 down; very few
Sheep. 5000: including 600 direct: fat
lambs mostly steady at 1880 to local
clipped lambs steady with last Friday at
6.e3; yearlings, sheep and feeding lambs
scarce. Ae'
Evening star., 1938-02-09
|. c. C. VACATES ORDER
ON TERMINAL CHARGES
BS the Associated Press.

BS the Associated Press.
The Interstate Commerce Commits
sion approved yesterday the refusal Of
railroads to absorb switching and
terminal charges in joint rail-water
rates on shipments from North At
lantic ports to the Southwest through
South Atlantic and Gulf ports.
The railroads filed revised schedules
which forced steamship companies to
absorb the charges or pass them on to
the shippers. Steamship companies
protested, contending the railroads
were discriminating against them.
The I. c. G. had suspended the new
tariffs but vacated its order today,
holding the railroads attitude was
justified.
Evening star., 1938-02-09

NEW YORK. Feb 9 lP.-European cur
rencies swung narrowly in an idle foreien
exchange market today.
- An upturn Of ..ooss Of cent in the
attributed mainly to operation of the off,
cial control. The pound sterling was, sta
tionary while the helea and Swiss franc
each dropped .O1 of a cent. The suilder
added .00i2 Of q cent.
Noon rates follow:
Great Britain in dollars. others In cents:
Great Britain demand 5.O1 "a: cables.
sol :; eo;day bills 59o's Franss; asn de- de
5.36Ia: cables 526h. Demands: Bel
eium 1925 Germany M eI free 4Hs' 5 reglS sS
Norway. 25 is: Sweden. 25 .s312: Denmark.
2:.371a Finland ~; sw;tzsriand Ian Iss.s ss 81
a3is: roIand. 1902: Czechosloyakia.
5: YqsosIavis aa as5; Austria argentina lsn5n
41n; Brazil ifree). s. 75n: Toxic. 70. .O6;
Shanghai. seS5 Hons K9ng T. aSs4 H:1 4nrt Mex
ioo. .03is: New York in Montreal 9s967s.
aNominal.
Evening star., 1938-02-09
NEW YORK PRODUCE.

NEW YORK. Feb. 8 GP.-Eses: 1901:
Sme, Mixed eHlors; ;3, SPECIAL ars;. packs
seconds, 16A-ha; mediums, .1HA; .dirties.
No. /. 15A: average checks. IAN; re-
frigerator firsts. 13ha-141a; lower grades.
Butter. 1.17a.ose steady. Creamery:
HIGHER than EXTRA 3oH-3!;s bs sSs extra .as
onds (S4-S7l. 26,2-27la.
Cheese. 2S4,105. slow. State, whole
milk fats, fresh fancy, 11-l7l4; other
grades unchanged.
Whites-aesale of premium marks @4l4-
25s4; nearby and Midwestern premium
marks. 22a4-23s4 EXCHANGE. specials y "a
MidWestern, exchange standards. 1920 q;
nearby. fancy mediums. 3O-22h2 nearby
and Western exchange mediums 1879: Pa
specials, .4A-h; standards, 23a424; me-
diums. 21Ka-22
Browns--Extra fancy. a1-23h: nearby
and Western, special packs 2O-2Oh;
nearby. small to mediums, 1918.
Duck eRgs-Fancy to extra fancy. 25-26.
Evening star., 1938-02-09
SHIPMENTS OF GRAIN
AT NEW ORLEANS SOAR
BY the Associated Press.

BY the Associated Press.
NEW ORLEANS, Feb. 9.-The grain
movement out of New Orleans to for
el2n ports for the month of January,
1888, was 5,s38,769 bushels, the New
Orleans Board of Trade, Ltd, an
nounced.
This was nearly 100000 bushels
greater than the aggregate port ship
ments of grain for the last four years
and the largest shipments since the
year 1929. when a total of 24,OOO,O00
bushels was shipped.
The principal ports to which the
grain moved were Antwerp. Hamburg.
Liverpool, Rotterdam and those of
Latin America.
Evening star., 1938-02-09
Gift Prizes Bring Cash.

Dundee, Scotland, thinks it has
the right way to use donations. 1t
appealed for funds for its new ortho-
paedic and rheumatic clinic. The
fountain pens. and even a pair of
shoes AS cash was needed, a whist
tournament was organized and the
gifts offered as prizes.
Evening star., 1938-02-09
.ENDICOTT JOHNSON CUTS
10 PCT. PAY OF $4,000

B1NGHAMTON, N. Y, Feb. 9 (P.-
Endicctt Johnson Corp, shoe manu-
facturers, yesterday announced a 10
per cent pay reduction affecting ap-
proximately 10000 employees. The cut,
effective February IA. follows a 20 per
cent pay slash for 200 salaried en-
ployes.
Employees also were notified they
must assume their share Of the old
age social security tax, heretofore paid
by the corporation.
Evening star., 1938-02-09
EARLY ADVANCE
ON CURB TAPERS
Oils and Paint Shares Make
Best ShoWing-Many
Unchanged.
By the Associated Press.


NEW YORK, Feb. 9.-Curb market
stocks encountered some opposition to
higher levels in late trading today, and
while the list as a whole continued to
point upward, earlier gains we're
shaded.
At the beginning of the final hour
SherWin- Williams was more than q
point higher and minor fractional i'm
provement was held by Pantepec Oil,
American Cyanamid 3D." American
Gas and Gulf Oil.
Unchanged to a little lower were
Pioneer Gold, Newmont Mining, Sun
ray Oil and Electric Bond g. Share.
Evening star., 1938-02-09
RADIO CORP. NET
UP TO $9,0D0,0)O
Gross Income Estimated at
$112,650,O ,OOO-CouId Paw
al Cents on Common.
Ey the Associated Press

~ the Associated Press.
NEW YORK, Feb. e.-Radio Corn.
OF America. in a preliminary state
ment for 1887. reported estimated net
income Of $4,000 900 after charges and
taxes. equal. after preferred dividend
requirements, to around Al cents a
common share. This compared with
net income of s6,155 900, or 81 cents
common share. in 1886.
Gross income for the year was
estimated at s112,650, 900, against
SOL ,l88, 800 in 1886.
Cleveland Electric Gains.
CLEVELAND R).-Cleveland Elec-
trio Illuminating Co., q unit of the
North American System, reported 1887
net income of s7,1Ol, ,798, compared
with s69l9,555 for 1896. The earn.
ings amounted to s2.56 a share. The
company announced a 3.9 per cent
gain in wattage over 1895.
Mountain States Phone.
DENVER fPy. - The Mountain
States Telephone g. Telegraph Co.
reported net income at the rate of
s7l9 per share of common stock for
1871 Net income in 1885 was s6.46
per share. The company has 480.497
shares OF common stock outstand-
ing.
President Frederick H. Reid an
nounced total operating revenues
amounted to S24,l44,363, a gain of
81 ,593, ,O9l over the previous year, and
operating expenses, excluding taxes
8l6'4s2,7lS, an increase of s936,253.
Dividends during 1887 totaled 49,.
843, 1915.
Bakeries Unit Cuts Loss.
CHICAGO Py.-Cushman's Sons
lnc,. New York, subsidiary of Purity
Bakeries Corp, Chicago, reported TO-
day for the So weeks ended January
net loss Of s204 527 compared With a
net loss Of s375.7s2 for the SO wees
ended January 2, 1887.
National Bond & Investment.
CHICAGO Py.-National Bond {:
Investment CO. reported TODAY -5,,;
consolidated net income Of s2,5o5.9J9
compared with s2,562,lI5 IN 1886, a
new record for the company. After
provision for preferred dividend re-
oL.renents 1887 net income vas eoual
~ so IS per share Of common stock
outstanding.
National Tea Co. Sales.
SE" YORK LPJ.-SaIes of National
Tea ca. fox the four weeks ended
January 20 to.sled s4,sIo,Is3, a DROP
ot IL per cent from s5.25I,3l2 in the
comparable 1897 period The 1897
pe-!oo contained one additional bus,-
ness day. The company operates a
chan Of grocery stores IN the Mid
vest.
Evening star., 1938-02-09
Book Waits so Years.

Started so years ago and finished
recently, book has just been pub
lished in London. It is Bio Politics
and the author is 80-year-old Morley
Roberts. He first planned and started
the work when he was 80. but found
he did not know enough about the
subject. Morley has published 70
books,
Evening star., 1938-02-09
GASOLINE STOCKS
SET NEW RECORD
Climb to AII-Time Peak De.
spite Small Drop in
Crude Output. 4
BY the Associated Press.

NEW YORK, Feb. 9.-Despite a
moderate decline in crude oil pro-
duction during the week ended Feb
ruary S, stocks of gasoline rose to
the higest level ever recorded.
The American Petroleum Institute
today placed the crude flow at 3,3l6,-
$50 barrels daily during the period,
decline of 41,200 barrels.
The drop occurred mainly in Ok
lahona and Texas. while California
showed a modest hpturn.
Another 100000 barrels were
added to finished ana unfinished
gasoline inventories. bringing them
to 86.484, ,009 barrels-a new peak
The normal seasonal high point Is
generally reached in March. which
Oil men say means stocks should
continue to rise in nearby weeks.
Gasoline stocks were more than 20
per cent higher than in the COM
parable 1887 week
Refinery operations we're un-
changed at 80 per cent OF capacity,
u1t1iousll ucSif wa
ume Of crude was run to stills, some
3,155,0O0 barrels daily.
Cracked gasoline output gained
10000 barrels daily. TO $4,000 bar
rels Imports of crude and refined
oils dropped to a25,o00 barrels in the
week.
Oil Producers Careful.
TULSA, Feb. 9 (Pl.-Oil producers
and refiners. having taken drastic
steps to halt overproduction, today
waited for spring upturn to take up
the slack.
In general way the industry was
in status quo, Cutbacks of crude pro-
duction reduced the flow nearly 200,-
600 barrels daily in the past two weeks.
Curtailment of refinery operations
halted the steady growth of stocks of
gasoline In storage
The market structure of crude,
strengthened by the cutback programs
in heavy producing States, remained
steady. While the gasoline market
was regarded as steady. there was
no apparent broad pickup in demand
hoped for with the approach Of the
heavy consumption season.
Operators generally agreed that an
unusual upturn in demand for gasoline
would be necessary to change the pic
ture. They said there WIS too much
gasoline in storage and two much be-
ing manufactured.
Petroleum circles here took sharp
cognizarce of the fact President Roose-
welt expressed interest in the bill of
Representative Boland of Pennsyl-
vania to place tax of cent a gallon
on oil used for fuel, except for Diesel
engines.
1t was pointed out authoritatively
the industry already was engaged in
a campaign to tighten the tax burden
on petroleum and undoubtedly would
oppose the bill about which the
President had sent memorandum to
Chairman Doughton of the House
Ways and Means Committee.
Evening star., 1938-02-09

In bankruptcy or receivership or heins
reorganized under the Bankruptcy Act OF
securities assumed By such comnanies
are annual disbursements based on the
last Quarterly or semi-annual declaration
Unless otherwise noted special or extra
dividends are not included
Also extra or extras eDeclared or
paid so far this year. no regular rate
I PAYABLE in stock gPaid last year
h Cash or stock Accumulated dividen1
paid or declared this year Wv With var
rants XIV Without warrants. var war
Evening star., 1938-02-09
ODD-LOT DEALINGS.

The Securities Commission reported
today these transactions by customers
with odd-lot dealers or specialists on
Tho New York Stock Exchange for
February g. 1858 purchases, involv-
ing 124,l37 shares; 4,268 sales, involv-
In 1868 shares.
Evening star., 1938-02-09
RUBBER FUTURES.

NEW YORK, Feb 9 LP).-Crude
rubber futures opened 10 to II higher.
March, l454-55; May, 147l-72; July,
14.82b. Bid.
Evening star., 1938-02-09

United States Tobacco CO. 1897 COM
mon share earnings after flood loss OF
$3o3.235 were &7.21 against $3.50.
Evening star., 1938-02-09
LEAD SOLD AT 81 CO.

NEW YORK Fen. tq-st. joseph
Lead Co. reports 100 tons of p.e lead from
southeast Nlssour! mines sold Yesterday al
81 90 Der 100 pouncs. st. Louis.
Evening star., 1938-02-09
CARLOADINGS.
(Reported by Smith, Barney e. Co,

NEW YORK, Feb. R.-Revenue
| trelsnt carloadlngS on railroads reporting
Tor the week ended February 5 included
Evening star., 1938-02-09

Edison Bros. Stores, Inc, January
sales we're up 1876 per cent.
Evening star., 1938-02-09
Pittsburgh Live Stock,

PITTSBURGH. Feb Q (P,-(united
States and PENNSYLVANIA Departments of
Agriculture> HOGS 1900: including 900
direct mostly steady: Good and choice
i4O-2lo pounds: 9.15:, to largely 925:
$50; top sows. 72b. W
Cattle: 15O: Including 100 direct Good
steers. 7.75-S.25 or better: calves. 15O:
including so direct: steady. Good and
choice vealers. 12 .OO-13.OO
Sheep. 500: including $50 direct
Lambs stronger on few here. Good and
choice, 7.50-s.00: sheep, s down or steady
Evening star., 1938-02-09
National Tea Co. Sales.
LONDON BAR SILVER,

LONDON, Fer. q ? Bar silver, oo.d
on :. IEeulya!e-t 1851 ceItsJ
Evening star., 1938-02-09
CONTINENTAL CAN
NET IS %,721,025
Earnings Equal to $3.06 on
Common After Preferred
Dividend Split.
Ey the Associated Press.

NEW YORK, Feb. 9.-Continental
Can Co. reported today for 1897 net
earnings of $8,721,0 OPS after charges,
taxes and provision for Federal surtax
on undistributed profits. equal to
$306 a share of common stock after
preferred dividend requirements. This
compared with $9,038,787, or $3.l7 in
the previous year.
Net current assets at the end Of
1887 totaled $54.746,2s7, an increase
Of $15.153,223 over the 1885 total Of
$39. ,0e4.
President o. G. Huffman stated
inventory value at December 81 of
$39.445,44 was carried at less than
present market value and compared
with $25,oS0,s57 at the end Of 1886.
Expenditures during 1887 for the
new plants and plant improvements
aggregated $6,810,3l6. Upon compile
tion Of currently contemplated prof.
ects the company will have 46 fac
tories in the United States, 3 in Can
ada and l in Cuba.
Dollar volume OF net sales in 1897
was largest in the company's history,
Huffman stated, gross sales and OPP
Grating revenues, less discounts, re-
turns and allowances, totaling $l23,-
425.l54, of which S93,879,02l repre-
Sented sales and charges to outside
customers, and the balance represent
ed intercompany sales.
He said profit margins had been re-
duced as result Of increased wage
rates. higher taxes and higher ma
terial costs prevailing during the year.
Evening star., 1938-02-09
General Fireproofinr Co

YOUNGSTOWN, Ohio, Feb. 8 [P.-
General Fireproofing Co. reported to-
day 1887 net profit of $l,147,557, after
deduction of all charges, including
estimated Federal taxes. compared
with s564,62l for 1885 and $l,O87, $50
in 1929. After deduction of preferred
dividends. earnings were equal to SO 56
share on 1862 shares outstanding
of the company's common stock. Earn
ingS were sl62 share in 1886 and
1888 in 1929.
Evening star., 1938-02-09
INVESTING COMPANIES

NEW YORK. Feb. . Hi,--Investment
Bankers Conference, Inc. 2 pm. prices
for investing companies:
Evening star., 1938-02-09
FOREIGN BONDS.

Ruhr G C Gas '53 A 27 81 81
Stnn III, is 40 I'd St As 40 As
ww-WiLh warrants. xw-Without war.
rants. New. ct tstpl-Stamped.
SNesotlao ollty impaired by maturity.
fCompanleS reported in receivership,
Evening star., 1938-02-09
MONTREAL SILVER.

MONTREAL. Feb. 9 R.-silver ~
lures opened lower. Bids: March, 44.70
May, 1850: July, 44.40.
Evening star., 1938-02-09
New York Live Stuck

NEW YORK. Feb. q Up Estate DEPART
ing $50 direct. Steers fully steady: me
dun to merely good: .1.O7O-1, ,.10 pounds,
20 to 90; some held higher Bulls steady;
others down to 500. Cows. uneven, but
genera! market steady; .? HIGHER on
500: fat cows. 5.OO-6. 90.
vealers and calves: $50. including e7O
direct vealers steady to weak; good to
Gull and common lightweight. 5000 SO.
Calves steady to weak: medium to good
6S0-7.5O.
Sheep and Lambs 400, including 1850
good to choice. al pounds, s.a5.
Hogs, 1880. including 1870 direct
Market 25 lower: 203-215 pounds average,
Evening star., 1938-02-09
INSURANCE STOCKS

NEW YORK. Feb 8 LPl.-Inyestment
Bankers Conference, Inc
Evening star., 1938-02-09
FOREIGN EXCHANGES.

a-Also extra or extras.
g-Declsred or paid so far this year.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-03-26
.SAWMILL BLAST
TAKES BIG TOLL
THREE ARE DEAD AND SEVERAL
OTHERS SERIOUSLY HURT
AT ELLISTON

EIIistOn, Mont, Aug z, 1890
Specialize boiler at Clark 81
Sisters mill eight miles south of
this place, blew up today. One was
killed, two mortalIy wounded and
10 more or less injured. The List
includes:
G. S. Keegan, killed; George Mitchell,
hurt internally, must die; James Con-
nif, broken nose and other hurts; b
G. Clark, slightly hurt; Enan Matttce
broken arm; G. E. Rogers, hurt about
head; Fred Thompson, hurt about head
and chest; Lee Keithly, scalded;
Charles Styengfield, severely bruised;
e. Woodman, broken leg; Ralph Alton,
bruised about head.
The dome of the 40-horse boiler was
thrown 100 feet and the cylinder OF
the engine was tossed so yards up the
hill. There is much feeling in the FL
liston district over the accident. Gross
carelessness on the part Of someone
is suspected.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-03-26

The far-famed honesty Of Montana;
old days still lives.
And because It does Jim Reed, Spo-
kane mining man, Is she posSessor oi
one Of the richest mining properties
uncovered In the Treasure state In
years, according 10 q story mining men
told a few days ago.
Here's the story:
Last summer Reed and J. G. Roberts
Spokane electric contractor, investi-
gated the High Ridge group Of prop
critics in the massive Tobacco Root
mountains of Madison county. The
properties belonged to Alfred Ellis,
Twin Bridges mining man and showed
only small promise. The property con-
tanned a series Of lenses, six inches
wide, which gave into something worth
while but no one was sure.
Verbal Option
Ellis gave Reed and Roberts verbal
option on the property but said he
might lease the ground to others until
the negotiators returned.
Recently the two Spokane men re-
turned to the High Ridge properties
and found one of the richest ore bodies
struck in Montana in several years, II
is claimed. Reed cut sample across
80 inches and found it yielded $485 70
the ton. A streak OF ore a foot In width