davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
Three LOCAL
Men CHOSEN
On PROGRAM

Distinction of high rank has been
conferred upon Butte by the western
division of the American Mining
Congress. which will assemble in
Salt Lake City during the closing
days Of August Three Butte men,
Senator Burton X. Wheeler, w. H.
Hoover. chief western counsel for
the Anaconda company. and Carl
J. Trauerman, president of the Min
ing Association of Montana, have
been chosen as speakers.
Senator Wheeler has formally ac-
copied the Invitation to speak and
Mr. Hoover and Mr. Trauerman
have likewise arranged to appear
at the meeting.
Senator Wheeler is the principal
banquet speaker on Thursday night,
August 81. Hoover will speak on
Economic Effect of Present Taxes
on the Miding Industry"
Trauerman will speak on 1.-THE
Needs of Primary Mining Ventures"
Mr.. Trauerman is president of Ruby
Gulch Mining Company.
The Salt Lake session Will have
over two thousand delegates from
every metal producing assembled
to voice their opinions of the adj
ministration social reform legis-
lation. Included among those pre-
sent will be hundreds of the small
mine operators of the West. Par
ticular attention will be given to
the Wage-Hour act. both of which
have worked hardships upon the
metal mining industry. Admins
traitor Elmer F. Andrews of the
Wage-Hour division of the U. S.
Department of Labor will speak.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
ILLINOIS SEEN
ASOTL THREAT

SANTA FE, N. M.-The interstate
oil compact commission closed its
quarterly meeting Thursday with
an eye toward production brought
expressions of concern from COM
pact state representatives.
The commission, composed of rer-
resentatives from oil states whose
chief purposes is prevention of waste
by regulation of the oil Industry,
saw in Illinois uncontrolled pro-
duction a threat to attempts to sta
bilize the industry
Shortly before adjournment, DR..
A. H. Bell, Illinois state geologist,
described the developmet in Hi
nois oil production since the com
missions last meeting din March.
He said he had predicted then the
state would reach a production peak
Of 100000 barrels a day by next
fall, but that currently it was al
ready 100000 barrels. jumping
from $4,000 last March.
Illinois Dis a member of the com
pact. but has no regulatory statutes
or oil production.
To THE sUNBTRST BADGER
CERyn A OONmUTpNruWnAy
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
SUNSHINE SHOWS
RECORD PROFITS

NEW YORK-Sunshin Mining
company. the nations largest pro-
ducers of silver, reported indicated
net profit for the quarter ended
June 80 of $729,S62, equal to 40
cents a share, compared. with $685.
OPS. or A cents a share, in the
preceding quarter and $949,391, or
81 cents a share, in the second
quarter of 1888. Company's prin-
cipal mines are in Idaho.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
SILVER PRICE
BOOSTS WAGE IN
NEIHART Mine

The Montana Silver Queen at
Neihart, Mont, is probably the
second producer of silver in the
northwest to add rs cents daily to
the wages of its employees be-
cause of an increase of about 8 u
cents an ounce in the price of sill
yer, the first having been the Sun
shine Mining company of kellogg,
Idaho.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
MANY GOING no ROAD MEET

HELENA-Advance reservations
for the fifth annual Montana btu
minous conference at Sun Valley,
Idaho, Sept. 11-14, indicate the
meeting this year will be "the
largest ever held"
D. A. McKinnon. state highway
engineer and general chairman of
the conference. said today more
than 200 advance reservations had
been received already and indica-
tions were total registration would
exceed 700"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
MINING CONVENTION
COMING AUGUST I0.

Carl j. Trauerman, president of
Mining Association of Montana,
writes that the program for the
coming meeting of the association
in Bozeman on August IS aud 10
will be ready for announcement in
the ear future He with August
Grunert, secretary, lis working with
the local committee at Bozeman in
outlining the program of speakers
and entertainment.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
on CONTROL PROPOSED

WASHINGTON Secretary Ickes
said that President Roosevelt was
agreeable to the submission of a
bill to congress for conservation Of
oil resources and prevention Of
waste. With congress racing to-
ward an adjournment, no action
is NNpected this session.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
GENERAL PET IN ALBERTA

General Petroleum Corp. subsid-
larry of Socony-Vacnum, has E. f.
Edward of Los Angeles and A. F.
Barrett of Casper are in Alberta to
study the Alberta oil picture. Ed
wards said he did not know how
long they would be in the province
nor could he say If their company
would drill.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
MINERS HOLD PICNIC

ANACONDA-Plans for the fifth
annual union day program of the
Anaconda Mill and Smeltermen's
union July 80 are developing rapidly
Patric Mccarthy, president of the
union, is general chairman.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
SILVER PRICE FIXED NOT ONLY
FOR 2 YEARS BUT IMMEDIATELY

again, the opinion the
the fight
andth connections
nndh is a
is indefinitely,
congressional actionI
Of
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
STATUTE OF LIMITATIONS
BENEFITS HART REFINERY

Notwithstanding that the 10
year statute of limitations barred
the state from recovering license
tax, the supreme court upheld the
case against Hart Refineries of Mis-
soula. Justice Albert H. Angstman
wrote the unanimous opinion which
reversed the district court of Mis-
soula county.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

and made available for the first
time in history all the facts on
silver. and a study of this material
will convince all except the most
obstinate that silver is and should
be a permanent feature OF this
country's monetary system
while l do not look for fur
Their increase in the price of silver
by the current congress. although
Senators Pittman, Adams and
others will keep up their fight for
$1.29, or full coinage value, there
is an excellent chance for higher
price being fixed by the next ses-
sion of congress which is to con-
vene in January.
1.-The recent action of congress
serves notice to the world that
silver to continue as definite
part of it's monetary system, and
l. therefore, look for other coun-
tries, especially Canada and Rus
STA. to adopt silver coinage on
wider scale. / would not be sur
prised If India should return to the
silver standard, and on the whole
/ look for a gradual increase in the
world price OF silver. although this
is unimportant to this country now
that the price of domestically
mined silver is no longer subject to
decrease at the hands of the sec
rotary of the treasury"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
METALS
CLAIM RICH STRIKE

LIBBY-What is said to be the
most important ore strike in three
years has been made at the Glacier
salver-lead mine south of Libby.
The ore runs $436S to the ton. The
contents are: Gold 1880. silver
$15.19, lead $3.50. 1t is estimated
that there is at least 75..-
600 tons of ore. Operation of the
mine is being carried on steadily.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
0 ! |

l WILL SELL or lease land for mining
near Flathead Silver Mine. near Eaitds
peH For particulars, Write Catharine
l.. Pratt, Gen. Del HillsborO. Oregon
swEBT1RAEs ARCH MAr--Coneam,.~
@po&rapAys Al ven h0easaens. Ban@@s
map % le& knd avar prepared Nv
=. Mnrick. smppRy B@nerevms1s
A@nsaas OH and Minfms yeurnan
S59s lease on 80 acres proven oil ,..A
close 60 Becky Ridge pool IN Kevsr
oil field for sale S. per acre s~cs -
ionsI DarKain. Address Box 2ol cmrn
Mon1ana on Journal T.22-v
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
MISCELLANEOUS

CAPITAL sEBKMRs-Put your project
before go Key-men. Coat trifling
Details free. AMSTER LEONARD,
gan. o-24-0
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

THE SUNRVTRST RANGER
SEND A CONTRIBUTION TO
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22
FOR SALE OR RENT
A. n..k Mt

Large Brick Ffreproof Garage, Central
~ located. fully equipped doing good
business. Have agencies for popular line
OF cars and trucks. For particulars
Address Box 204, 70 Montana OH journal
7-22-y
FOR sALE-6 5/8 and 3/16 inch nine
See N. C. Morton, Oilmont, Montana
7-22-b
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

OVER THE COUNTER
Wash. Water Power 1O525 1O7.OO
Mont. Power Pfd.---1O300 1O4.5v
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

Mimeogrmphed copy showing o. 8. @
a. conhOurw. Townships 10 10 BIN
Ranges wv to OH soc. Supply Depart.
menk Montana Oil Journal. a-%
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

Geological reports copie0 or mam
eographo6-map reproduced BOX 500
Montana on 4 Minlng Jeurnal. Gr8@s
Falls. Montana
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

To THE SUNBBRST BADGER
SEND A CONTRIBUTION
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

OPERATORS and ge0ko@saea may avail
themselves of the use of the MonEans
OH and Mining Journals geological
library. which has ths largest cozlsc
private reports 0n Montana ell am6
mining geology. Since many Of thems
reports are cat of pramk copies win
be furnished Of r@poFtA Together VITA
maps, on a HA9d@KMsa Gasl@ ch@rwm
through the &@pply D@DaF1m@n4 MaM.
tana OH and Mlnina J@urmal, E7rw
National Bank Bldg. Gx@as FeIIa
Monemna-
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

els the process of obtaining from a
lot of ore smaller quantity that
contains, in unchanged percentages,
all the constituents of the original lott
u. 8. BUREAU OF MINES.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-07-22

This ia one Of our regular jobs.
During the past IS years, our Washoe
Sampler has sampled and purchased
for cash millions Of tons of gold, silver
and copper ores and concentrates, at
the rate of 1900 toms day. .
Evening star., 1939-08-09
Commodity Price Index
Sdqs 10 New Low

A moderate decline last week in
the wholesale commodity price in
dex compiled by the National Fer
tilizer Association took it to the low
est point reached since July, 1884.
In the week ended August this
index stood at 709 per cent of the
1926-l928 average. compared with
7l2 in the preceding week, "a a
year ago and 882 two years ago.
The principal decline was in the
food group, with the group index
declining to the lowest point reached
IN recent years. Lower prices for
silk and wool were responsible for
a drop in the textile price index.
The building material average was
also lower, rejecting declining quo
tations for lumber. A fractional
rise was recorded by the farm prod
uct average, with higher prices for
cotton, corn and poultry more than
offsetting declines in wheat and
hogs. Continued strength in non-
ferrous metals and steel scrap took
the metal index to the higest point
reached in the last three months.
Small increases were also recorded
by the indexes representing the
prices of fertilizer materials and
miscellaneous commodities.
AS result of small increases in
the prices of number of less i'm
portant commodities advances in
price series included in the index
outnumbered declines Is to 81. In
the preceding week there were 81
advances and 20 declines. In the
second preceding week there were
II advances and 26 declines.
Evening star., 1939-08-09
Chicuqo Livestock

CHICAGO. Aug o cP.-Hog prices con.
tinued downward today but there was good
Improvement IL cattle and sheep quota
tons 49,. ,,,, o,,a
lower thar yesterday The days top was
S6 so. paid FOR sood to choice medium
FED Steers and yearliney sold strong to
10 to Is cents. and trade was active. Al
arsss GFaafs shaFGS an hS HpF5n srcy
prime l,375-lb steers sold at Slo;L5, snd
the next highest price was Slo2o' PAID
sprin~ LAMBS sold in an active market
at stronr to 25-cent higher price Sheep
were about steady. Native spring lambs
salabie hogs. 5000 total IL 600; slow;
generally 1920 cents lower than TUESDAY;
lbs 625-45: 240.27o lbs, largely so
6.35: 270-30O-lb. butchers. 5;15-s5; 300
33O-lb sows. 4 s5-5 %: good light soows
ID 3S5-4I5
Cattle $500; calves 1000: fed steers
ara acTe 2 centS up adVance
medium weight and we ghty steers up mo +;
reduced receipts man! stimuatina factor
upturn but plain and medium cattle shar-
ing advance; laEgeiy s5o-a . ~ maTkes; nr;es
s5s prime y e. S ons S no Rexs psSs
With prime and medium offerinss e25-
kns ee oasa hesfs fully 10 seaaS sens Sow "P qssf
fat cows, 5;25-6,25; outside on .wsiehty
sausage bulls ..oss- s5 yeslers Ho-59
bred calf yearinss to feeder dealers
salable sheep 600; total, 5 600: active;
strong. sheep about steady; good to choice
native spring lambs to packer. s.6o-ao; p;
yearlinss. 6 $500: GOOD native ewes,
2 250-350.
Evening star., 1939-08-09
Rains Have Mixed Effect
On Virginia Crops
By the Associated Press.

BY the Associated Press.
The Department of Agriculture re-
ported today general rains in Vir-
ginia truck crop areas since July 20,
with mixed effects.
Very dry weather previous to that
date on the Eastern Shore greatly
reduced the potato yield
Rains, though beneficial to the
tomoto crop, temporarily hurt the
quality. Too much rain in the last
two weeks hurt watermelons, caus-
ing development of wilt and other
diseases.
Cabbage and snap beans in the
Southwest were greatly benefited
by the rains. the department said,
and normal late crop of cabbage
is expected.
Potato shipments were practically
finished by August /. Watermelons
started to move the last week in
July and are expected to reach a
peak about August Is.
At the same time, the department
reported that receipts by farmers
from sale of livestock and livestock
products in Virginia during the first
six months of 1889 nearly doubled
the receipts from sale of crops.
Evening star., 1939-08-09
Great Diversification
OF Steel Orders Is
Hailed by Magazine
Industry Hopeful Of
Higher Rotes When
Auto Tonnage Climbs
BY the Associated Presa

BY the Associated Press.
NEW YORK, Aug. 9.-The out
standing significance of current
steel business has been the great
diversification of orders both In re.
spect to products and range of users,
Iron Age said today in its weekly
review of the industry.
"As there is no indication of a
cessation of this flow of miscel-
laneous business in the near fu-,
ture," the magazine said, "the steel
industry is hopeful of higher operat-
ing rates as soon as automobile ton
mage is sufficient to make itself felt.
Within week or two the trend OF
automobile assemblies will be up
ward, when production of new mod
els begins.
Settlement of the General Mo-
tors strike has not yet had an inn
portant effect on steel releases
., but specifications in fairly
large volume are expected before
the end of this month.
Meanwhile the adjournment of
Congress, together with the defeat
of the New Deals spending lending
program, has had good senti-,
mental effect on business, notwith-
standing the fact a good share of
present steel buying flows directly
or indirectly from Government ex-
penditures."
Expectations for a stronger trend.
in steel business during the late
summer and early autumn, Iron
Age continued, were borne out by
a rise in steel ingot production of
! point to 81 per cent, highest since
November last year, and a further
gain in scrap prices which raised
the Iron Age scrap price composite
to sl5.42, highest since October 1897.
Foreign business, particularly jap
anese, was partly responsible for
increased strength of scrap markets
in the East, the review added.
Evening star., 1939-08-09
R. F. {. Loans 10 Industry
S5,635,813 in July

The R. F. c. reported yesterday
that during July it authorized SO
loans to industry aggregating
S5.635.813.
Since the R. F.. C. was formed. the
report said it has authorized 6.613
loans for the benefit of industry
aggregating S343616 1T. OF this
amount $77,223879 has been with
drawn and 500, 3,l2O AGO remains avail
able to the borrowers.
In addition the corporation has
agreed to purchase participations
amounting to S115,672 1882 in loans
to 1,543 businesses.
Emil Schram, R. F. C. chairman.
said the R. F. C.'s commitments and
authorizations of all kinds in con-
nection with the recovery program
totaled s12,398,614 during July,
Total authorizations since the R.
F c. started, and tentative commits
ments outstanding on July 81,
amounted to $13,352 .422 600. OF
this, s2,245, 1881 has been Cancelled
or withdrawn.
Evening star., 1939-08-09
$50. Car|oadings
Increase for July;
Total Is 196,491
Week Ending August 5
Also Shows Gain
Over Period Lost Year
Special Dispatch to The Star.

6pcClhl OlSpAtCu 70 &ue 8taI.
BALTIMORE, Nd, Aug. g.
Baltimore g. Ohio carloadings for
the month of July totaled 19e,491,
including 124,875 cars loaded on
line and 7l,616 received from con-
nections. This was an increase of
34,070 loads over July Of last year,
when the total was 162,421, COM
prising 100,076 cars loaded on line
and 62,345 received from connec-
tions.
July carloadings also showed an
increase of 1905 loads over June
of this year, which totaled 1885
including 119,482 cars loaded on line
and 63,104 received from connec-
tions. For the month of July, 1890,
total loads were 276,862, of which
1,75l cars were loaded on line
and 95,111 received from connec-
tiOns.
For the week ended August S car
loadings showed a total of 45,575,
consisting of 29,199 cars loaded on
line and 1876 received from con-
nections This was an increase Of
1915 cars over the corresponding
week OF last year, when the total
was 37,959 embracing 23,995 cars
loaded on line and 1894 received
from connections.
The previous week of this year
(the week ended July 29) showed
46,731, comprising 30,019 cars load
ed on line and 1912 received from
connections.
For the week in 1880 correspond
ing with last week the total was
64,539, OF which 42,522 were loaded
on line and 22,0l7 received from
connections.
Evening star., 1939-08-09
Chicago Produce

CHICAGO Aug lP-Poultry. live,
- trucks steady, Plymouth Rock broilers,
15i2, White Rocks, l5l2: ducks A. lbs
UP, colored II white II; small colored,
J.; small white, II: other prices un-
changed
Butter, s76.95l steady; prices I'M
changed.
Eegs, 1o.1GS: steady prices unchanged.
Potatoes, s., on track 81; total U. S.
shipments. :. l. steady; supplies, moderate;
demand fer. sacked. per hundredweight,
Nebraska Cooblers, - per cent or better,
U. S. No. |, unwashed, 1.l2l2-l 20; mostly
l.l2l2-l Is OREGON. Bliss Triumphs. U s.
No l, under ice $500; Ions whites,
Bliss Triumphs, U. S. No. |, under ice,
,95-2 90; Russet Burbanks U. S. No. /,
few sales, 1851 80. California, long
whites, U. S. No. /, under initial ice 2.05.
Washineton, long whites. U. S; No. /. under
refrige alton, far condition, so Mime
sofa, sand land section, Early Ohios,
generally good quality, few, sales, l.15'
Cobblers. fair quality, small to medium.
Wisconsin, Bliss Triumphs U. S. No. /,
l,55; Cobblers, generally fair, medium,
1.10. Missouri, COboiers fair quality,
S5-l 05.
Evening star., 1939-08-09
BY the Associated Press.

BY the Associated Press.
NEW YORK, Aug. 9.-U. S. Treas
ury issues showed the bond market
the way to somewhat lower prices
today.
Some corporate issues resisted the
main trend and recorded fractional
advances in late dealings. Helping
sentiment, bond men said, were re-
ports of avid demand for new is
sues, including the big Pennsylva-
mia power and light offering.
An urge to wait for Europes dan
ger period" to pass was cited as one
reason for inactivity on the buying
side in today's msrket.
Slipping for losses of fractions to
point or so were American & For
eign Power IS, American Telephone
Bias, Commonwealth Edison 3l2s,
Great Northern As, Loews 3l2s,
Southern Railway General IS,
Northern Pacific IS and Utilities
Power & Light 5s.
Losses in the Treasury list at one
time ranged to 32ds.
Italian and German issues lost
ground in thin dealings in the for
eign division.
Evening star., 1939-08-09
Packard Head Predicts
Favorable Fall
By the Associated Press.

BY tse Associated Press.
DETROIT, Aug. 9.-The automo-
tive industry may expect highly
favorable fall and winter volume
judging from the present attitude of
auto buyers, M. NJ. Gilman, presi-
dent of Packard Motor Car. Co.
believes.
Yesterday private showing was
held for 1910 Packard models, which
he said were first in the field and
would be supported by the largest
volume of newspaper advertising the
company has ever used. Prices will
be lower on all models. He said:
THE national income is increasing
faster than outgo and conditions
seem ideal for increased employ
ment. The automotive industry is
in an unusually favorable position
to facilitate recovery throughout
American industry"
Evening star., 1939-08-09
Pullman, Inc. Reports
Net Of 81, 104, 127
BY the Associated Press.

Ds tlc ASeOCidleu ETeSS.
CHICAGO, Aug. 9-Pullman, Inc,
large railroad equipment manufac-
turer and sleeping car transporta-
ton concern, reported for the six
months ended June 80 consolidated
net income of $l,104,127, equal to
% cents a share.
This compared with net income
of s644,901 for the corresponding
1888 period.
George F. Kelly. vice president,
said the chief source of consolidated
earning power in the first half of
this year was the Pullman company
sleeping car subsidiary, which re-
ported operating income of 81 ,317 ,131
for the period, compared with an
operating loss of $685., 1893 year ago.
Car manufacturing activity, Mr..
Kelly said. resulted in small
profit during the second quarter, but
showed loss for the first half year.
Evening star., 1939-08-09
Pacific Finance Corp.
Earns 81 1868
Special Dispatch to The Star.

LOS ANGELES, Calf, Aug. o.
Net earnings of Pacific Finance
Corp. of California, the largest West
ern automobile finance company, Tor
the three months ended June ~,
1889, were $218,678, after all charges,
including reserves for Federal in
come taxes, as compared with $193,-
$50 earned in the preceding three
months, according to the company S
report issued today by F. s. Baer,
president.
After deducting preferred divi-
dend requirements for the period,
net profits were equivalent to 81
cents share on the 428,098 shares
Of common stock outstanding, COM
pared with rs cents a common share
earned in the preceding quarter.
Evening star., 1939-08-09
Financial Barometer

NEW YORK, Aug Q LP.-Merchandise
inventories Of rs large corporations de-
clined : per cent during the six months
ended June 30 according to a comuila-
tion by National City Bank
Inventories were also S per cent lower
than year ago and 81 per cent lower
than June 80. 1897
While these companies are only small
sample OF industry and trade, the COM
pilation confirms the widespread belief
that inventories are conservative and IN
position to support any rise in busi-
ness activity.
Evening star., 1939-08-09
Sugar Quote Imports
OFF For 7 Months
BY the Associated Press.

By the Associated Press.
The Agriculture Department re-
ported imports of sugar under the
quota law totaled 2,771. .729 short
tons. raw value. during the first
seven months of this year.
Imports during the comparable
period last year totaled 3,049, ,474
short tons.
The imports we're as follows:
Cuba, 816,385 short tons; the Phil
ippines, 713,161: Puerto Rico. 723,-
598; Hawaii, 506,830, and foreign
countries other than Cuba, 11.755.
The department said these areas
had total remaining quotas of
1,992,211 short tons for the balance
of the year.