davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

duced on the Ewing, showing that the
irving is average for the pool.
We noticed something in the news
last week that A. B. Cobb. largest
individual producer in Cut Bank field.
got his start" by drilling a wildcat
well far north Of then established pro-
duction, on the Walberger farm. which
has paid a fortune On the strength
OF that wildcat well we bought some
royalty on the adjacent Seeba farm.
We paid 50 per cent per acre for the
Seeba-the highest price we had paid
IN Cut Bank field up to that time.
One per cent cost $500 and in those
days it was a pretty wild gamble to
risk $500 in one spot, although the
southeast corner of the farm was only
half a mile north Of the doubtful
discovery well on the Haines farm.
However, five wells have been drilled
on the Seeba farm thus far and
check of our royalty earnings this
week shows that one per cent royalty
has paid $3,202.82 in six years of
production.
1t is a notable fact that this tract
paid over 100 per cent of the invest
ment out in the first year and paid
about 100 per cent during the second
year of production During 1889.
with no new production to offset ma
tural decline, this lease made 3O.8O4.
80 barrels of oil of which 3.85O.5O-
barrels went to royalty owners 308O4
barrels to each owner of IL or frac-
tional part thereof
That again, is not a fortune. but
it is enough that man would not
need to have many such to, be able to
laugh at depressions Not few of
our members who own Ewing royalty
also own Seeba royalty-and many
other equally good producing proper
ties Thus is the reward of daring
investment.
The complaint of some investors
comes from the erroneous idea that
every producing tract should compare
with the Lander farm, where 10
royalty has in four years paid $13,-
$685.. With three producing wells
the Lander farm last year paid around
So, 10000 to each owner of IL royalty
There is only one Lander farm thus
far and while we may hope that more
Lander farms may be developed, we
must build our expectations on the
law of averages The average well
drilled in Cut Bank field, counting
dry holes and abandoned wells, has
thus far yielded around 5000 worth
Of oil, so the average well has paid
an average Of $3.50 on each 10 of
landowners royalty. The man who
bases his expectation on the average
of big wells and dry holes is more
likely to succeed than the one who
builds expectations on getting Lander
wells. That points back to one state
ment about the profit in the buying
We can always live in HOPES of
4 Lander well. We know the excep-
tional yield of many farms to bear
up our hopes: attest the record of
Cat Creek leases and many leases in
Kevin-Sunburst. The William Byrne
farm in the latter field has thus far
produced $3,302,348 worth of oil OF
his, 1919 per cent went to royalty
owners. The owner Of IL royalty
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06
Two New
Wells Start

One new location was spudded
and one spotted this week. 1t is:
Consolidated Gas Frary Tribal
172 No. 2, NV NWA NWA 1892
5W. 1t is drilling at 800 feet. It is
$50 feet south of the north line and
400 feet east of the west line of
the section. 1t is south of the Wag-
ner-Tribal producers.
X. D. Pardee is moving rig to
location on Sc NEA NEA 2-33-
6W, northwest of the town Of Cut
Bank, on the Corrigeux farm on
which he has one producing well a
half mile north.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06
ROTARY WELL
CONTINUED from Page Onel


per Cut Bank was from 1866 to
$500 and lower Cut Bank from
1880 to 1896. Ellis was reached
at 1896.
Annand-Hutchings-FederaI Land
Bank No. 4, CNL NJ SWA IL
34-6W, is drilling at 2795 and due
for completion next week.
Glacier Production-Miller No. 5.
c SWA NEA 32-33-5W, is drill
ing at 1890. Colorado shale was
found at 5S5 and 10-inch casing
was set at $40.
Glacier ProductiOn-Van Ormer
No. 4, C SWA SEA S-33-5W, is
drilling at 2520.
Glacier Production Bennett No. 4.
c SWA SEA 4-32-5W. is drilling
at $3.50.
Santa Rita-Stahl No. 4, c NWl4
SEA 20-35-5W, is swabbing 40
barrels per day following a shot
of nitro glycerin.
Santa Rita-GOvcrnment (Shear-
on) No. 4, c SEA NEH S-32-5W,
is spudding.
Texaco-Tweedy No. 4. C SEA
SWA 21-35-6W. is drilling at $50.
It found Colorado shale at $50 and
pipe at 6SS.
Texaco-Unit IL No. /, c NEA
SWA 11-35-6W. is drilling at
1865.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

has received $33,O23.48. However,
that is one of the exceptional farms
of Kelvin field and not one to be used
as a measuring stick in evaluating
other property.
The thing that occurred to us this
week as we were checking over royalty
earnings was this:
FORTUNATE IS. THE MAN WHO
is ABLE TO OWN ONE PER CENT
ROYALTY ON ANY ONE OF THE
AVERAGE PRODUCING FARMS OF
ANY OF MONTANA'S CONNER
CIAL OIL FIELDS.
The man who invested 500 in a
royalty unit on the Ewing farm, here
tofore mentioned, has received re-
turn of his investment plus nearly
1000 per cent profit His $50 invest
ment has enjoyed the same rate of
return as the $3.50 investment in a full
one per cent, but he might have eight
times as great an INCOME had he
dared to buy a full 10 royalty, en-
titling him to receive one barrel out
of every 100 barrels of oil produced,
free of cost of production.
1t is not possible for every royalty
investor to secure as much as 10
royalty as we seldom buy more than
half the landowners share (615 per
cent?. IF this were divided on the
basis of 19o per buyer, only six could
participate, with 1-2 of % left for
enc other. However, there occasion
ally comes an opportunity to pick
up a full 10 royalty in new territory
and we are inclined to believe that
every royalty investor should have
at least two or three properties on
which he owns a full % royalty. On
the basis on which we buy royalties,
this involves no large sum. The aver
age person who can afford to invest
at all, can usually handle a full 10
on some unproven tract. Occasion
ally we get small tracts in proven
areas where 10 can be handled by
one person with no undue risk. No
matter how much money a man may
have, there is a point of reasonable
ness in the amount of money he
should risk in any one property. The
owner of 10 royalty knows that in
The event of production comparable
with the Lander in Cut Bank or the
Byrne in Kelvin or the hide farm in
Cat Creek that he will make plenty
IF money; that if it is AVERAGE
he will have enough in
come from it to make it worth while
and if it fails to produce, then he
will not have lost enough that his
'ther royalties won't pay out the loss
We wish to urge upon members
hat now is the time to pick up pro-
iucing royalties, ahead of the advance
n prices that will follow increased
ales of crude with accompanying new
development Those who do not do
heir buying in the next few weeks
will not have another opportunity to
10 equally profitable buying, we be-
ieve, for years to come.
If there is any member who does
lot understand this statement, he
hould have a copy of our recently
ssued Forecast of Markets and Mar
.et Rumors
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06
Audit Time For Royalty Returns

This is the time Of year when we
are auditing royalty earnings of our
members and it is a most interesting
work in that we can see the results
OF the investment program of people
with whom we have been dealing
for years Last week we finished
up Kevin-Sunburst field and this
week we are working on Cut Bank.
The Kelvin earnings are much higher
IN their total but the larger returns
on the average farm last year came
from Cut Bank. In Kelvin field we
have for years felt the lack of mar
ket which resulted in the closing in
OF many wells. As an example Ohio
Oil company is reported to have
more than half of its wells shut in.
Likewise the California company is
said to be producing only slightly over
one third of its wells. This means
curtailment of the earnings of the
royalty owners; however, it means
that the production may be doubled.
with the increase Of market demand,
which fact means something to roy
atty investors.
In Cut Bank production there was
relatively little curtailment last year.
we find, and most leases were produc-
ed at capacity. Lack of much new
drilling allowed a decline of produc-
ton on some but as a. rule the royalty
owners in Cut Bank had very good
returns
An old adage which we adopted
early in our business is that HALF
THE PROFIT is IN THE BUYING.
This rule becomes more and more EN-
phatic in the royalty business as the
years go on. There is no royalty
worth paying too much for That
isn't very good English but it express
SEES the idea that any success our men,
bers have had is largely due to the
fact that they have not paid too much
for their royalties This fact gives
lis much satisfaction as we check
the records.
One of our earliest purchases in the
Cut Bank oil field was royalty on the
Ewing farm in Section 34-34-2W. 1t
was considered wildcat royalty in
those days and it cost our members
$3.50 for one per cent There are IL
who own royalty on this farm and we
are positive that any one of them
could have afforded to buy one per
cent outright, but because of the risk
involved, each bought only fraction
If 10 In checking over the earn
ngs of this farm we find that the
b160 investment in 196 has thus far
paid $1,720.65. That represents the
'eturn from just two wells.
To invest $3.50 and get back 81, 72O.-
IS in seven years is not making a for
'une, of course, but we know of no
other line of investment that has paid
IS much during the difficult years
.nce the 1882 depths of the depres-
ion. Nor is that the maximum of
possible results, for adjoining this
ract on the north is the Antrim farm
m which FOUR wells have been
lrilled. In the seven years that farm
las been in production, one per cent
oyalty has paid 3,72380-which is
vice as much as two wells have pro-
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06
PATENTS MINING CIIAIM

E. Roy Griggs of Bozeman, Mon
tana has made mineral entry in the
Great Falls land office for the
Granite Mountain No. /, Granite
Mountain No. 2, Granite Mountain
No. 3, Washington, Lincoln. Grant,
Roosevelt and Wilson lode mining
claims containing 144493 acres in
Township South, Range West.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06
MONTANA POWER
DECLARES DIVIDEND

BUTTE - Announcement was
made by the Montana Power com
pany that the regular quarterly
dividend of $3.50 per share on its
outstanding preferred stock, Sc Sc
ries. had been declared, payable
May 1, 1910, TO stockholders Of rec
ord at the close of business on
April II, 1910.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

tungsten. Having the highest
melting point of any metal it is
used as a filament in electric light
globes. 1t is also an important
steel alloy.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

What is 1t that lives in winter.
dies in summer and grows with
it's roots upwards?
(Answer at bottom of this col
umn)
1t has been reported that when
Handbook Coolidge was a little how
starting to school that the teach
err asked him
Have you ever been vaccinated ~
His reply Hell no, / haven't even
been baptized.
A gentleman, upon being inform
ed that he was the proud father
of triplets, was so overjoyed that
he rashed pell-mell into his wife,s
room. The nurse. being out at the
time, was irritated. upon her re-
turn demonstrated with the father
Don't you know better than to
come in here in germ-fiIled clothes?
Why, you're not sterile"
He looked at her and said:
Lady. are you telling mel"
Answer: An icicIe
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

0I is the blood of the earth flowing through for
( fumes field only to enrich the courageous 1t
- sometimes yez0dyds the non thinking business
Stacker bt ne9er lifts the burden from the back of
business cozvard It's Plus marks of generally
go to those OIo combine degree of thought aCTh
action
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-04-06

A man met a friend on the
street, all bandaged up and walking
with crutches.
'Smatter?" asked the friend.
"WeH. l had date with the
girl friend. We were dancing when
her father came in. You know he
is hard of hearing and couldn't
hear the music"
Evening star., 1940-07-29
Stor, Tru-BIu to Clash
For Center Pennunt

Evening Star softball team holds
the second-half championship In the
sports Center Softball League,
finishing with perfect record of
seven victories by defeating Pepco,
8-3.
Starting Sunday, August II, The
Evening Star team will play Tru-
Blu, winner Of the first-half title
and also Of the Middle Atlantic
crown in three-game series for the
league Championship.
Evening star., 1940-07-29
BY BILL WHITE,
Associated Press Sports Writer.

NEW YORK, July 29.-Ram-
blings from the resin route: john
ny Ray, manager of Beauteous
Billy Conn, better quit hollering
for a shot at Joe Louis till he
gets his boy past Pastor. One
of the judges who voted Billy
Soose that decision over Ken
Overlin in the rain at Scranton
also judged the first Dempsey
Tunney fight in Philly-in the
rain. mo quips about 'em being
oil wet, please. New Orleans
papers are busting off their
brightest adjectives for Harry
Weekly, lightweight conner.
Pity the poor heavyweights. Red
B'Sman, a ranking heavy, and
Steve D&ssse raset in a prelim
20 The bantam title scrap between
Evening star., 1940-07-29
Yank Power Wasted
As Poor Pitchers
Retard Champs
BY the Associated Press.

CHICAGO, July 2s-The New
York Yankee powerhouse is rolling
along at last, but there's a power
full sprag in the wheel-poor pitch
ing.
The four-time world champions,
now eight games behind the pace
setting Detroit Tigers. family have
found their collective batting stride
only to discover that their pitchers
can't sufficiently restrain the opposi-
ton.
The Yanks have scored GA runs
in their last nine engagements, an
average of better than seven runs
a game, but their rivals over that
span-Detroit. st. Louis and Chi
cago-scored SO runs and won six Of
the nine. Over that same period only
four of Manager Joe McCarthy's
mound selections went the distance
and the rotund pilot was forced to
use a total of 20 pitchers.
In their eight contests previous
to the second game of yesterdays
double bill with the White Sox the
Yanks had hammered out 20 home
runs. Joe Gordon got seven of them,
Tommy Heinrich, Joe Di Maggie
and Charley Keller, three apiece;
Pitcher Spurgeon Chandler, two, and
Bill Dickey and Babe Dahlgren, one
each.
The Yanks blasted out six round
trippers in the first game with the
Sox yesterday, yet won by only one
run.
Manager Mccarthy is making
more than a casual effort to re-
main philosophical in the face Of
the jittery playing Of the champs.
"You never know what will hap
pen," Joe says. Maybe we'll get
going and maybe we won't. We
haven't had a winning streak of
better than five straight yet. We're
just playing 'em as We get to 'em.
Remember how those Cubs won
those National League pennants
with a rush, don't you? Nobody
knows when one of those streaks is
coming"
New York, after splitting its four
game series with the White Sox,
moved on to Detroit for a series
beginning Tuesday. In a recent
meeting at Yankee Stadium the
Tigers treated the Yanks like any
thing but champions. sweeping three
games ard almost knocking them
out Of frst tivision.
Evening star., 1940-07-29
Teams in Four-Way
Tie for Section A
Sunday League Lead

Things in the National City Base
ball League aren' t.much better than
they were this time last week, with
four of the eight teams tied for
first place in A section and two
teams tied for the top in B section,
where only one outfit stood before.
Aside from the effect yesterdays
games had on the league standings
a bit of thrilling baseball also was
written into the records as six games
were played in the two top sections
despite the killing heat. AS things
stand now. District Grocery, Packard
Motors, Miller Furniture and j. C..
Flood all are ontop with three wins
and one defeat apiece, with the
situation clarified only slightly by
the fact that Klein Tavern, which
last week made it quintet in first
place. dropped out Of fast company.
With that setup going into yes
terday's contests something had to
snap, and Klein snapped, dropping
behind while losing to Flood, Ga.
D. G. S. stuck by taking forfeit
over Small Motors; Packard shut
out Marvin's Credit, Ito. and Miller
Furniture won over Orange Disc,
1913.
The thriller was supplied by the
Flood Klein game. Flood went into
the last inning trailing by one run.
Eddie Vermillion got on base after
being hit by pitched ball, and Dick
Rozelle, another pitcher, ran for
him. The fleet-footed Rozelle stole
second and Lou Mostow came up
in the clutch to single and send
Rozelle in with the tying run. Then
Hal Leatherwood, Floods slugging
left fielder, came through with a
homer that clinched the game.
In section B, Plaza Tile, which
last week led with three consecu-
tive victories, moved over to make
room for Capital Cafe. Plaza bat
tied St. Francis Xavier to a 2-to-2
tie, while Capital won it's third game
over Atchinson-Keller, SIS.
Evening star., 1940-07-29
|Hornsby in Line
For Major Job
Again, Report
indians, Browns, Cubs
Rumored as WANTING
Ex-Stor at Helm
BY SID FEEDER,
Associated Press Sports Writer.

NEW YORK, July 29.-The little
birdie lit on the edge Of the type
writer today, leaned over and whis-
pered the pleasant report that
Rogers Hornsby Is on the way back
to the major leagues.
Naturally, the Rajah himself "aint
talkln'" other than to say he cant
give any information" just now. But
the tip Is around that there's a very
good chance the greatest right-hand
hitter Of his time will be boss man
OF a big league outfit again, come
1941.
This much is certain-he has told
friends he expects to be back.
The whisper doesn't include the
spot where he'll land, although such
places as st. Louis, Cleveland and
Chicago are mentioned.
Good Record as Manager.
For the time being the stormy
weather man has been doing G right
fair job with the Oklahoma CITY
outflt In the Texas League this sum-
mer. He took club with not too
much in the way of material and
has 'em Smelling first-division at
mosphere. Previously. he ran Ball
tlmore in the International League,
to which he "graduated' from the
st. Louis Browns three years ago.
Its unfair to no one to say that
the Rajah didn't have the souarest
shake in the world in his II pre-.
vlous seasons as big league manager.
You remember, he won the pennant
with the Cardinals in '26-and then
was let go. He got the Boston
Braves out of the cellar in '28-and
three months after signing a con-
tract to manage them for the next
six years he was sold to the Cubs.
AS head man at Chicago he finished
second in 80 and third in 81. Half.
way through the 80 campaign Jolly
Chollv Grimm was handed the reins,
and the Cubs took the flag.
Cub Post Seen for Rogers.
After the Cubs Rajah bossed the
Brownies through five seasons-l933-
1887, and here, too, he was highly
successful. He had them out of the
cellar for three years.
One tip now is that Hornsby will
return to the Cards. where Billy
Southworth was called in a couple
OF months ago. Another says he
may go back to the Cubs. Gabby
Hartnett is doing as we'll as can be
expected, but the Cub brain trust"
has come up with funny things be.
fore. Then there are the Cleveland
Indians and even the Phillies. listed
as possible landing places for
Hornsby
And, finally, there's mere whis-
per that Sweet William Terry has
about decided to promote himself to
the Giants front Office and is toying
with the idea of importing the
Rajah to run the club.
Evening star., 1940-07-29

George Pace and Lou Salica.
Every one thinks Joey Archibald,
the former feather champ, will
have his hands full in Dayton
with Joey Marinelli, undefeated
in his last 81 outings.
Here n there: Old Firpo Mar
berry still is doing a swell pitch
ing job down Fort Worth way.
They're expecting $4,000 at
Goshen for the Corn Tassel
Derby CHambletonian, to yoU.
Because of the war, England's
greyhound breeding will be shift
ed to Bermuda. Babe Pratt,
Alex Shibicky and AL Ceilings of
the New York Rangers hockey
team have enlisted with the Royal
Winnipeg Rifles. Anybody need
good first baseman? Here's
20-year-old Buck Etchinson OF
WEIGH in the Mountain States
Evening star., 1940-07-29
Time Has Come for Yankees, Red Sox


afford let
But the
the AS their Indians
two
This down the stretch be like National golf
baseball
the
asbestos gloves.
the contend
will
will the Yanks contention
While the behind the leading
will Cleveland
their and both clubs all still
Evening star., 1940-07-29
.73-Gome Winning Streak Ends
As Newson1 MeIts on Mound;
Yonks on Homer Spree

The temperature in Briggs Sta
dium was over 80 degrees and New
som was making his first effort since
suffering a broken thumb II days
prior. He was strong and wild at
the start. tanning 10 and walking
7, but along the way Bobo simply
melted down.
Bengal Margin Reduced.
Johnny Babich of the AS had to
give up after six innings and Bill
Beckman came in fresh to hurl five
innings Of scoreless ball. But New
som stayed around too long. He
had So lead going into the sixth
inning. This was shaved down to
tie score in two innings and finally
the AS exploded four runs in the
11th.
The New York Yankees STAYED off
the specter of the second division by
splitting two games with the Chi
cago White Sox. 1t took a spectacular
home run barrage for the World
Champions to win the first game,
1919. Charley Keller hit three home
runs, Joe Di Maggie two and Babe
Dahlgren one to account for all but
one Of New York's runs. At one
time the champs held a 81 lead,
but they barely squeezed through
and were outhit, 1913, with Skeeter
Webb getting homer, a double and
three singles. In the second game
the Yankees made four errors and
were stif1ed by the Shit flinging of
Lefty Thornton Lee as the Sox
won, 8-4
The Boston Red Sox swept two
games from the st. Louis Browns,
81 and 1910. In the first game
the Bosox were held to five hits,
but one of them was Joe Glenn's
double scoring two mates. In the
nightcap Boston collected % hits,
including two homers by Bob Doerr.
The Cincinnati Reds gave up a
game of their big lead in the Ma
tional League by splitting a bargain
bill at Philadelphia, while the
Brooklyn Dodgers took two from
the St. Louis Cardinals.
The Reds Al loss in the second
game was charged against Bucky
Walters, who gave up three runs
in the first inning and his team
mates weren't able to get them
back of the ~7-hit hurting Of Cy
Blanton. Old Jim Turner checked
the Phillies on seven safeties in
the first game to win 7-2.
The Dodgers twin triumph, 80
and IA, ended a 6-game losing
streak for Brooklyn and a 4-game
winning string for the Cards. Whit
low Wyatt pitched Shit shut-out
ball in the first game and Fred
Fitzsimmons celebrated his seth
birthday anniversary in the after
piece by scattering nine hits for
his 10th victory against defeat.
Pirates Take Two From Bees.
The surging Pittsburgh Pirates
swept two from the Boston Bees,
So and 7-3 to pass the Cards and
take fifth place while dropping
Boston into the cellar.
Maurice Van Robays hit a homer
good for runs in the first game
to support good pitching sting by
Dick Lanahan and in the nightcap
Max Butcher produced a 4-hitter.
The New York Giants ended
3-day hitting famine by getting 10
safeties in beating the Chicago
Cubs 8-4. Harry Gumbert did all
the pitching and most of the hitting
for the Giants. getting Z home run.
q triple and a single himself while
checking, the Cubs on eight bingles.