davidaulloa/AmericanStories huggingface dataset:
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Behind the Ticker

on fears they too would be in
volved In a law suit.
One close to the Coca-Cols man.
sgement says that the Nehi case
win be heard in Wilmington, Della
ware, and that the Pepsi-Cola
hearing will be in New York. It
was emphstically said that Coca
Cola is resolved TO prosecute the
matter to the highest courts of
appeal should it lose out in the
lower courts.
Confidence - Trading observers
point out that while share prices
show n distrust of glowing bust
ness prospects, barometric sec
tons of the bond market display
confidence. The top portion of the
second-grade bond list has parted
company with share prices and has
been steadily moving upward since
early June. The current average
price of such bonds has almost
recovered the ground lost during
the May-June decline.
Fixed-Fee-Chrysler corporation,
acting as a real estate and produc-
ton manager on behalf of the gov
eminent, will construct a S2o.000.-
900 war supply plant in Warren
township, just outside of Detroit,
Mich. When completed next year,
the plant will start work on a
$34 5000 medium-weight tank
order for the army. Chrysler COR
poration will be paid on a fixed
fee management basis. The plant
and properly belong to Uncle Sam.
Laundry-Pullman company, in
addition to its other numerous sc-
tivities, operates the worlds larg-
est laundry service. It averages
about 15s. 900. 900 pieces of linen
annually, or an average of more
than one-haf million each work
day.
Reports Are That: Chain stores
doing nicely because of increased
industrial activity Information
al Paper preferred bought on be-
lief dividend accumulation will be
reduced Continental Motors
order backlog totals $500, 900 !.
Long range earnings estimate:
Thompson Products will net better
than IS share this year Ma
tional Distillsrs and Distillers Sea-
gram held for attractive dividend
returns.
Container Corps 1910 net pri-
vately estimated at S2.35 a share
. Portfolio managers like Gen.
eral erican transportation
shares because of attractive yield
. Radio Corp of America may
show about so cents a share for
1910 American Water Works
dividend unlikely this year 4.
Long-range estimate: Purity Ba-
keries to show S1.75 a share for
1910 Commonwealth Edison
shares held for high dividend yield.
Newport Industries has long-pull
following. Allied Laboratories will
cover 60-cent annual dividend re-
quirement in 1910 General
Motors and Chrysler shares have
larger trading following than
Bethlehem and u. S. Steel ..
And, that since June l, Budd
Wheel received total of s6,633, sos
in war department ammunition
contracts.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Fruit Market
Is Stronger

Oregon Dilisrd esntsloupes we're
available along the Local wholesale
market row Thursday AZ IS per
crate. This particular variety Was
said 70 b exceptionally choice.
Large esntaloupes we're selling Al
s. cents per crate. and medium
sizes from - 70 IS cents.
Another import from Oreenn -zss
Bruno green peppers, quoted from
81 70 xf-25 per crate. Picking
onions were selling AZ 10 cents
per pound No. potatoes were
listed AZ sIss per ewt.. and Sixth
Avenue tomatoes were priced from
IS cents 70 81.
Other prices remained I'M
changed
Above quotations are wholesale.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Nv LOUIS NJ. SCHNEIDER

NEW YORk-An In not quiet on
the Cola trademark front,
It's on the records that the
Coca-Cola organization served both
Nehi corporation and Pepsi-Cola
company. weeks ago. with legal
papers in a goodwill trademark
suit asking for an accounting of
profits. damages, etc. as a result
of both companies making use of
Coca-Cola's Cola trademark.
Your correspondent is reliably
informed that hearings on the ac-
tons viii commence late next
month or early October. The rea-
son the news was withheld by all
parties involved was to avoid
sharp decline in sales during the
favorable sales months. 1t was
feare wholesalers and retailers
would slow down sales promotion
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
I. Y. CURB STOCKS
Closing Prices Furnished by

Portland-Clearings 1912 ,615.-
%: balances sl.41e. 1927.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Situations Wanted. Female

BEAUTY SALON student wants place
70 work for room and board AAin
mn
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Mayor Coin Talks
To Tacoma Usodiuns

Principal speaker at a meeting
Of UsadIans Thursday noon al
Broa dwsy Sports Center was
Mayor Harry P. Cain. who was to
explain Tacoma's proposed Million
dollar housing project for defense
workers and military men.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
NORTHWEST RANKS

Seattle-Clearings s7,746. 102 80:
balances sass, ST.. so; transactions
SIS. 5ST .OOO. 90.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23

WANT cord-wood cutters with tool
3113 So. Puget Sound
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
Stock Prices Climb Again;
Volume Of Sales Increases
Markets at q
Glance

THURSDAY
stocks: Higher ana moderately
active.
Bonds; Higher. L. 5. higher.
Curb stocks: Hlrher
Foreign Exchange; Steady.
Cotton: Easy.
Wheat: Up = 70 = cent.
Corns or = 10 Up !. cent
rubber; Easy.
Silver: Unchanged in New York.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23
An Expert
Appraises
The War
BY !. w. T. MASON
United Press War Expert

Thursdays attack on a channel
convoy by German artillery
mounted along the French coast
must be considered an expert
mental maneuver Of doubtful ex-
pediency. II follows recent re-
ports Of fragments Of German ar
tillery shells being found in a
British east coast town, with no
traceable damage.
The channel is too wide 10 allow
control of it's waters or the Brit
Isl coast by guns firing from
France and Belgium.
Accuracy has never been at
tanned for long range artillery.
The MARIN Of possible misses
II too great 10 permit reliance
upon the firing In n serious
encounter. As the number of
rounds fired Increases, the i'm
probability Of the target being
hit increases. The shells take
cratic courses and cannot be
controlled.
Too. the life Of a large caliber
gun Is short. The extreme Veloc-
itv affects the inner lining of the
rifle, and in some cases repair
becomes necessary after rs rounds
have been discharged. One hum
dred rounds may be taken as the
possible limit OF usefulness for
such artillery. Thus. for contin-
uous efforts to batter an objective,
reserve guns become essential.
which are difficult TO install.
II is especially complicated to
direct coastal guns at distant
shipping. The British conveys. by
keeping close to the British coast
while passing through the narrow
Dover strait. would be approx
mately 20 miles away from the
German batteries.
Added TO the normal inaceuracy
Of the bombarding shells. the artil-
lerymen would be unable 10 ma
newer their guns in keeping with
the zigzag course which conveyed
vessels pursue under attack.
NJ ted on revolving
platform, the guns have some
latitude of movement, but
they cannot keep aiming lat
orally at ships which turn and
twist to present their narrow
sterns and bows 70 enemy fire.
During q sea hattie the com
batants can follow one an
others maneuyers far more
effectively.
IL would be impossible for
Germany TO cut the channel
In two by artillery fire. The
coastal guns can play little
part In trying TO maintain the
German total blockade of
Britain.
The primary purpose Of the
guns newly put into action along
the French Littoral must be for
use II ever Hitler considers II
feasible 10 attempt an invasion OF
Great Britain. The guns would
be effective in covering the en-
barkation Of German forces by
keeping British warships at some
distance from the shore. Firing
at channel conveys gives the Ger.
mans some limited practice II
famiiarinng themse with
range problems and getting &c
know the peculisrities Of theii
great weapons.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23

900 shares, compared with SO. 900
Wednesday. Curb sales were s3.-
900 shares. compared with 50 600
NEW YORK - Stocks advanced
Thursday for the fifth consecutive
session. with volume the second
highest for the month.
Canadian securities featured on
the drawing together Of the United
States and Canada for mutual de-
Tense. Gains in Canadian bonds
ranged 70 three points
In the stock list international
Nickel issues featured with the
common stock Up two points and
the preferred more than four.
Dome Mines. Mcintyre Porcunine,
Hiram Walker and Newmont Min
Ing had gains ranging to more than
two points. The latter made a new
high for the year.
American stocks were strong
Bethlehem Steel gained more than
a point. Butte Copper made new
high AZ 5. up =. Higher prices
for lead sent ST Joseph Lead up
a fun point. Preferred stocks Of
the utility group had gains rang
ing 10 more than two points.
Railroad issues had small gains.
Chrysler gained more than point
and the motors generally were
better.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-08-23

"athk toh EoftCaet - II n
Thursday night and Friday, but
considerable cloudiness on coast;
slightly warmer inland over the
west and south portions Friday;
moderate northwest wind off the
coast and gentle variable over in
land waters Of the state.
Rainfall in Tacoma for the "a
hours ending at a. m. Thursday,
trace, since August /, .02 inch, a
shortage of Al inch; since January
l, 20.s4 inches, a shortage of 1.4s
inches.
Wind at a. m. Thursday, south
east 4 m.p.h.: barometer at 2e.97
and rising .03.
Sun rises at Sis a. m. Friday
and sets at 7;07 p. m.
Tacoma's weather on August p,
1899 - Clear, no rain. maximum
temperature IS degrees and mimi
mum SO. Highest wind velocity
8 m.p.h. from the northwest.
FRIDAYS TIDES
<'if n M. .......... IL II.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
STANDARD SELLS"
: RUMAHIAN PLANTS

BUCHAREST, Premier Gen. Ion
Antonescu OF Rumania decreed to-
day the exploration OF all oil pipe
lines, pumping stations, reservoirs
and all real estate on which they
are situated.
One Of the companies hardest hit
by the decree was the Romano Am
ericano, owned by Standard Oil.
1t has several hundred thousand
dollars invested in property which
will be appropriated.
A second decree ordered seizure
Of all Danube barges. tugs. tank
ers and seagoing ships owned and
used by companies with Jewish
stockholders.
1t was pointed out that this will
enable Antonescu to seize American
and British companies properties
II he wishes.
The companies under the de-
crees will be reimbursed over rs
years, being paid by bonds bear
ing per cent interest
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
MORTON WELL
IS HOLDING AT
SO BBL. DAILY

Morton Oil & Refining com
panys Morton No. 9 we'll in the
south end of Kevin-Sunburst oil
field, continued to make so barrels
Of oil per day during the past
week. after having had an initial
Of 100 barrels per day following
acidization. 1t is the best well in
the pool and the first demonstra-
tion OF the effectiveness of acid on
the thigh" of the field This we'll
gives a diagonal offset to Handbook
Oil company on its government
lease known as the O'Mally permit
On this permit Ohio Oil company
drilled its famous five barrel gush-
err. the unexplained enigma of the
Morton pool II would flow five
barrels but would produce no more
by pumping or swabbing. and was
a bandoned. That was a decade be-
fore acidization was known.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
RimrOck Wells
Due In Soon

The next completion due in the
field is Scotland-McNamer No. 4.
CNL NEA SWA 29-S5-3W. in the
Rimrock high gravity crude pool
II is drilling at 1905 feet
Kevin-Land Co.-Leach No 4. G
SEA NEA 31-35-3W, is still shut
down at 1869, with casing run,
ready to drill in.
Toles Drilling o.-Davidson No. 2,
NV SEA NEA 2S-35-3W, offset
ting the Fulton Petroleum-Thomp-
son No. 5. a 1OO-barrel we'll, is
spuddinR. working dayIights.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07

Newspaper and radio advertising is now
allowable, under the new rules and the protec-
ton of the public now rests with enforcement
OF the laws regarding the use of the mails to
defraud Copies OF all advertisements must
be mailed to the regional offices OF the SEC,
not for the purpose Of regulating the text
hut merely to be used as basis for prose-
cution, should the issue prove irregular or
fraudulent
Many primary industrial enterprises here
tofore barred from financing, will be made
possible under the new ruling Most pri-
mary mining ventures can be financed with
a stock issue of 100000 or less.
The text of the SEC release and excerpts
from the new ruling are printed in this issue
OF the Journal.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
new RECORD
THROUGHPUT
NOVEMBER

Runs to stills In Montana refin-
cries jumped to an all-time record
November high, according to pre-
liminary figures on November crude
markets. This follows a decline of
refinery throughput during October
owing TO the semi-annual shutdown
OF The Texas cOmpany's refinery at
Sunburst.
The Sunburst plant was in full
operation during the month Of No
vember and registered a record run
of 100000 barrels during the 30
day period This Is approximately
5000 barrels greater than any pre-
yious months run. The increased
capacity is credited to newly in
stalled heaters and adoption of a
new process which speeds up the
steam still treatment Of gasoline.
The plant Is said to have run $500
brarels in one 24-hour period dur
ing the month, that being also the
highest run for any "a hours in
the history OF the plant. 1t is said
that the plant could be stepped up
10 $500 barrels per day. without
excessive pressure, If occasion de-
Total refinery runs in October
we're 39S.307 barrels as compared |
With 506,815 barrels in September |
md the November runs are expect
ID to approach the September rec
,rd. although November is usu
lily a light month.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
COLOR PHOTOS on
SOC0NY CALENDAR

The Journal has received one OF
the new 1871 calendars issued by
Socony-Vacuum Oil company on
which are II color prints. from
prize winning color photography
All the 5000 employees OF the com
pany were invited to participate in
the camera contest and six of the
IL winners were employees of the
White Eagle or mid-western division
while four of the number were
Montana pictures.
The April picture is a color pho
to taken by B. G. Stevenson of
Great Falls in the A. c. M. wire
mill, showing hot rolling copper
rod, the film having accurately re-
corded the hot copper rod as 1t
comes from the furnaces and work
men wearing red and blue shirts
provided added color to the com
position. A second prize winning
contribution by the local Socony-
Vacuum manager is a color photo
of the turbines of Montana Power
company at Rainbow dam.
]. s. Haines OF the local office
also won Photographic honors by
registering two pictures in this cal
endar. One is of the gold dredge
in Last Chance Gulch, near Helena.
the color film having caught the
purple of the distant hills; and the
interior OF the N. P railway shops,
with red cranes providing the chief
color.
One striking picture. photo
graphed by G. A. Round. is an air
plane picture of Boulder Dam. One
scenic view, only, is included in
the II, photographed by L. e. Han
son, and is a striking color rec
ord OF 1.-The Old Guard" in Grand
Canyon.
AS a calendar it is a work Of
art but the criticism from the view
point of the camera lobbyist is
that there is no data on timing,
aperature or lease adjustment ac-
the several exposures.
Inasmuch as the company is dis
tributing $4,000 copies, the inter
est of other cameramen is doubt
less secondary.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
Sunburst Cat
Nearing Sand

Parrent-HoIbrook No. /, c SWA
NEH 2-36-3W. a wildcat west Of
Sunburst, is drilling at 1880 feet,
due to pick up the Kootenai sands
within a day or two. There is
possibility that the Cut Bank sand
will be found present in this To-
cation. Structurally, this well is
checking on the principal produc-
ing contour OF the Cut Bank oil
field, according to Slim" Parent.
A well two and a half miles south
west Of the Parent we'll had Cut
Bank sand containing oil and gas.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
Stock Issues Under 100000
Are Exempted By SEC Rule

Revised rules exempting stock issues of
100000 or less from the registration provi-
sions of the Securities & Exchange act of
1888 were announced by the SEC at Wash
;ngton, d. c. this week, bringing new cheer
to the metal mining industry of Montana
which has been at standstill as a result of
being unable to finance under the stringent
rules of the commission
Under the new rules, oil company financ-
ing is apparently barred, there being no APP
parent provision to cover the financing of
drilling companies. No Montanan has ever
been able to figure out a method of oil com
pany financing under SEC rules except
where the issue has been over 100000, and
that situation is apparently unchanged.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07

Section OBJ of the Securities
Act gives the Commission the power
under such rules and regulations
as it may deem necessary in the
public interest and for the protec-
ton of investors, to exempt from
the registration requirements of
the Act security issues up to and in
Guiding 100000. Heretofore the
Commission has given a total ex-
emption on issues up to $50 900.
AS to other issues not in excess of
100000, an exemption up to Now
has been available only upon vary
ing terms and conditions, such as
the compliance with the laws of the
states in which the securities were
sold, or the use of a prospectus
containing certain specified informa-
ton. Where prospectuses have
heretofore been required, they have
been examined in the Registration
Division Of the Commission.
The new simplified procedure
does not require the use of pros
pectus in any case. To avail itself
of the exemption, a domestic issuer
will now need only to send to the
nearest Regional Office a letter
notifying that office of its inten-
ton to sell. together with any sell
ling literature it may plan to use.
This letter of notification need con-
tain only such information as the
name of the company, the name OF
the underwriters, the name of the
issue to be sold and a brief sum-
mary of the intended use of the
proceeds. The issuer can give this
notice. at its option, either through
an informal letter or through the
use of a two-page form which will
be supplied on request for its con-
venience. Where the issuer chooses
to use a prospectus. the regulation
indicates certain shelton informa-
ton to be included.
A broadened exemption is avail
able in several important respects
under the new regulation. For ex-
ample. the Commission takes new
position as to future sales of the
securities of the same issuer.
the Commissions rules
have been such that, IL the offering
was a part of a larger financial
program, involving the future sale
of additional securities of the same
class, the exemption was not avail
able. The new regulation speci-
fically states that the exemption
is available even IL at is contem-
plated after the termination of the
offering an offering of additional Sc
curities will be made" This will APP
ply in instances, among Others,
where issuers wish to make annual
offering of already outstanding Sc
curities for such purposes as en-
oloyees' participation plans. In such
instances. where the offering is not
over 100000 the exemption Will
be available.
Furthermore, the exemption is
now available to issuers and their
controlling stockholders even though
each may wish to offer 100000
under Regulation within single
year. Heretofore, in such instances,
q registration statement has been
necessary.
The new regulation shifts the
commissions administrative empha-
,continued on Page Fivel
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
WINIFRED GASSER

w. w. Tony has completed
small gas well at 440 feet, with an
initial Of 10000 cubic feet per day
in Winifred gas field. developed
in recent years by the late Charles
Emmons. Location Of the well was
in center north line NEA SWA 26-
22N-17E. on state land. Hess &
Tony State No. / is being drilled
in center west line. SWA NEA
36-22N-17E. Tony expects to de-
Yelop enough gas to supply Wini-
fred and other nearby towns and
possibly eventually get an adequate
supply for LewistOwn.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
TWIN FIELDS
we'll LOOKS
COMM ERcIAL

Twin Fields Petroleum COM
pany, financed largely by Great
Falls business and profession
al men, apparently scored an
other success in the high grav-
ity pool This week. with a
showing of oil in its Thompson
No. 3 well in NV NV Il SEA-
2S-35-3W. The showing is in
the first "break" in the lime
i'm which three other wells
nearby have had initial prOduc-
ton of 100 barrels or better.
Finding the lime contact at 1913
dry. the bit picked up its showing
of oil at 1876 to 1742 and drilling
stopped at 1745. At last reports
it was making something over a
bailer of oil an hour, indicating
small commercial production be-
fore acidization.
Like other large wells in the
area, the oil horizon carried pc
culiar mud or muck-a talc-like
substance that generally Identifies
faulting. A small quantity of this
muck was found in the Fulton Pc
troleum- Thompson No. well, a
quarter mile northeast and likewise
in the Pacific NATURALIZATION
while still farther northeast, Big
West-Dahlquist No. Is had so
much of this peculiar mud that the
well had to be abandoned, after
having had commercial production.
The quantity of muck in the
Twin Fields well was comparative
ly small. After getting the show
ing, the crew ran the bailer and
brought up crude which tested
361 gravity. The second bafler
tested 372 gravity. AS bailing con-
tinued the gravity of the oil went
up until the last sample ran 1875
gravity, which is the average for
the pool although some crude runs
above 40 degrees Be. Decision was
to let the we'll stand oY-
er night before treating with hy-
drochlorc acid.
Drilled on the highest topo-
graphical point in the district, this
we'll was expected to check high
structurally but instead was about
- feet lower than surrounding
wells. There was no explanation, un-
less there is further evidence OF
faulting which caused this com
No. 8 well to check 80 feet
higher than its direct offset on the
north.
This companys recently com
pleted U. S. No. 1, in NV NWA
NWH 28-35-3W, is making from
Is to 20 barrels per day, slowly
overcoming the large flow of water
which appeared after acidization. 1t
is now making only s barrels OF
water. whereas it made as high
as $50 barrels of fluid initially. 1t
is expected that the proportion of
CONTINUED on Page Five)
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-12-07
Cut Bank Oil Pool Is
Extended Southwark AS
Kaulberg Well Comes In

Another extension the south recorded in Cut
Bank field this week with producer making $50 barrels in
the first "a hours giving promise Of large producers
poo.
The well is Kaulberg Tribal No. l, in center NEA
SWL4 l932-6W. fourth mile south of A. b. CObbs Tri-
bal No L. which had initial OF 85 Dbl. per day These
tribal leases purchased tribal sale early last summer
on which leases only three wells have hus lar been drilled