davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1941-04-12
GERMAN ARMORED
 COLUMNS STRIKE
Greek, British Lines At- tackled in an Attempt to
 Break Through
--NEA Telephoto
By WALLACE CARROLL United Press Staff C0rresp0ndent)


 London, April 12-CUP)-Heavily reinforced German armored columns struck at the Creek British line in northwestern Greece from east and north today in an attempt to break the Greek line in the Phlorina- Corizza area.
 One German column struck southward and another, moving westward from the Salonika zone, was reported to have reached the Greek second line near Phlorina.
 A war office communique an- nounced that "in Greece German troops advancing into northern Greece came into contact with forces of the empire Thursday" and that "in Libya our troops are in contact with the enemy west of Tobruk."
 It was believed that pitched battles between the British and German armored forces in both Greece and Libya were imminent, though there had been no indication so far of any but advance guard actions.
 First to Cut Lines
 Military commentators believed that the first objective of the Ger mans in northwest Greece was to cut the Phlorina -Corizza road along which the Greek supply their armies in Albania and at the same time, after their consolidation of a line with the Italians, to strike the Greeks in Albania.
 The admitted German capture oi Gianitsa, 35 miles north of thl British Greek defense line, wa.
 (Continued on Page 2)
The Waterbury Democrat., 1941-04-12
PLAINVILLE HAS
 STEEL STRIKE

Plainville. Conn, April l2-(UP)- Union officials today described Q walk-out of 250 employees of the Standard Steel DivisAon of Marlin Rockwell Corp, as Q protest" against piece work rates.
 The work stoppage. 1t was said, was not a strike. The group left their jobs late yesterday.
 A conference with the State Board of Mediation and Arbitration was scheduled Monday.
The Waterbury Democrat., 1941-04-12
GERMANY CLAIMS
 BRITISH BEATEN

Berlin. April 12-(UP)- For the second successive day the German high command today described the British army of the Nile in Libya as beaten" and said German and Italian divisions were continuing the pursuit of the beaten enemy"
 CThe Italian high command in Rome said today that Axis forces in North Africa were 37is miles west of the Port of Tobruk and British advices indicated that the army of the Nile was prepared to give the Germans and Italians battle west of Tobruk)
The Waterbury Democrat., 1941-04-12
TROUT ANGLERS OUT

Hartford. Conn. April l2-(UP)- Hundreds of Connecticut fishermen woke at dawn today and made for their favorite haumts as the i94l trout season officially opened.
 Statute required an April IS opening, but Gov. Hurley suggested an April l2 inauguration to permit fishermen an extra weekend.
The Waterbury Democrat., 1941-04-12
BRUSH FIRES IN
 MASS. ARE FATAL

Northampton. Mass, April l2 = (UP)-Brush fires here and in Greenfield cost the lives of two men yesterday.
 Szczpan Switalslki, 54, collapsed and was burned to death fighting a blaze on his farm here and his wife was burned severely in attempting to Nacue him. While in Greenfield. pr. Jacob c. Pfersick. 66, died of n heart attack while battling a brush fire which spread to his vet- erinary hospital.
The Waterbury Democrat., 1941-04-12
NEW EDITOR IN CHARGE

Danbury. Conn. April l2-(UP) Frank P. Rollins, former man. aging editor, took over as publish CT, business manager and treasurer of the Danbury News-Times.
 Rollins. native of Biddeford Me. succeeded Charles F. Stevens who died April 1. He formerly was employed by the Augusta Eenne- bec-Journal. Lewiston, Me. Sun, and Lewiston Journal.
The Waterbury Democrat., 1941-04-12
WAR IN EUROPE A YEAR AGO,
 APRIL 12, 104O

(By United Press)
 Britain announced mining Of skagerrak and Kattegat to block Germany from sea contact with Norway. Naval battle at Narvik ragged. Britain reported sinking all ships A kbc harbor.
 Norway claimed sinking of the German cruiser Enlden.
 Britain stopped afI mall from Germany and adjoining states.
The Waterbury Democrat., 1941-04-12

Continued on Page 9
The Waterbury Democrat., 1941-04-12

(Continued on Page 9
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16

An "Out of print" publication which we
issued number of years ago came to light
this week when bundle Of these booklets
was found in the printing plant where II
was published. The booklets had been stored
in a stock room and entirely forgotten. We
had mailed out all the copies we had ex-
cepting 10 copies One by one these dwin-
died away until there was only one library
copy remaining. Owing TO lack of cuts we
could not reproduce it.
The booklet contains data on how to fig
ure royalties and contains pictures OF ia
NOUS Montana wells and persOnages and
was in great demand among. those financial
Iy interested in the Montana oil industry.
The Rocky Mountain method of figuring
royalties is so much simpler than the MID
continent system that we look for ITS even
tuaI adoption throughout the country. Winnie
the MidcOntinent landowners talk in terms
Of royalty acres" we talk in terms Of per
cent per acre." Whereas the Midc0ntinent
deals in terms Of the landowners eighth
and therefore deals with fractions, we deal
in percentages.
Thus if we want TO figure the royalty
income on the Byrne farm, which has pro-
duced S3,55O,O47.53 up to January / of the
present year, it is a simple matter to de-
termine how much 10 royalty has produced
by merely moving the decimal point over
two places, viz: S35,55O.475S Thus we find
that 10 royalty on this farm has paid
SS555O47. The entire landowners eighth Is
of course, I21 times the earning OF 10
s444. 38O.87 The MidcOntinent method IS TO
start with this latter figure in determining
a fractional part of the landowners share
such as one royalty acre or One-haif roy
aItv acre down to difficult fractions
Under the Rocky Mountain method OF
figuring, II is a simple matter TO know now
much a royalty has earned as well as how
much il will have to earn to pay out ana
to recognize the possible or probable prOft'
From the total production figure on the
Byrne we know that Ia royalty has earned
SSS,55O.47.
knowing that the farm covers 800 acres
IL Is easy to ascertain how much 1t has
produced per acre by dividing 800 into
S3,55O,O47.5S. We find that the yield has
been S1O,S5S per acre.
Knowing the yield per acre, 1t Is simple
matter to determine the share Of the owner
of 10 by again moving the decimal point
over two places. In this instance IL Is SlOS.5S
the yield of 10 royalty on each acre.
Should an investor buy royalty and pay
IS percent per acre, he knows that the tract
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16

Mother Rabbit was chastising her
wayward offspring but making little
impression on him.
Il suppose shouldn't expect any
thing from you" she said. your
father was COON"
The hayward one was not chagrined
Instead. he laughed the louder
why the laugh?" the mother asked.
"Oh, mother, it's SO funny; hare to-
day and COON tomorrow.
whats the difference between a
worm and a. bedbug?"
well, a worm crawls on its own
stomach, while a bedbug is not so
particular"
When was a lad about years old,
nv mother hired a nurse girl to
wheel me about in my baby carriage
and I have been pushed for money
ever since.
Teacher: Now, children, what great
woman's letters reflect the suffering
and misery of her timer"
Chorus Lydia Pinkham's."
Angler describing a CATCH: THE
trout was this long-I tell you never
saw such a fish"
Listener mo, I don't suppose you
did"
Lieut.. Brown: Sergeant, there's
card game in barracks No 2. Go break
it up"
(Two hours later, sergeant returns)
Lieut.. Brown why did it take you
so long?"
Sergeant: Il only had two-bits to
start with"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16

Nary's mother suddenly heard fran
tic neows coming from the garden
and rushed out to find her daughter
holding the kitten by his tail.
Mother: Mary, put down that kitten
ut oncel Whatever are you doingp"
Mary: why, mother, didn't mean
10 harm him, but last night when
father was playing cards heard him
saw there was three dollars in the
kitty and was trying to shake 1t out. :"
The clerk had just completed a
duarter-century Of faithful service
with a big business concern. At the
end of the day the boss handed him
big envelope inscribed, In token
of this memorable date"
The clerk opened the envelope and
inside ne found photograph Of his
employer
wen, what do you think of my
gift to you in recognition OF your de-
voted serviceP" the employer asked.
ITS just like you" was the am
biguous answer.
silas: They say Chicago is a reg
ular beehive"
Enoch yes. I know, I got stung
there"
Cob: DO you think kissing is un-
healthy?"
cute Thing: 1T would be right now.
My husband is looking"
Architect: Nov if you'll give me a
general idea of the kind of house
you need"
Prospective Builder: well, we want
something to go with an antique door
knocker my wife brought home from
Mexico City"
Lorgnett: French name for a dirty
look you can hold in your hand.
First Auto Salesman: II spent the
day making some important and really
contacts"
second Ditto: IT didn't make any
sales today either"
It has been observed that we would
be glad to have gasleSs Sunday If we
could be assured of an Ickesless Mon
day, Tuesday Wednesday, Thursday,
Friday and Saturday. That is some
thing to go to work on
Sizmo: whenever I stand up to
make a speech, I don't know what to
do with my hands"
She: Are you making a speech
noW?"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
EVAL UATION OF ROYALTIES

kind are hard to figure.
1t is necessary to know something of the
history of development of a given field or
tract in order to inteIIigentIy buy royalties
We who have devoted 20 years to study Of
Montana oil fields have a pretty good idea
what to expect in the way of yield per
acre. Our Montana measuring sticks would
be Of little value to us in the MidcOntinent
where production history Is entirely differ
emit. Once we learned the various factors,
and became acquainted with competent
production men, it would not take us long
to adapt ourselves to the new valuations.
1t is impossible to evaluate wildcat roy
atty in new territory. Until the factors Of
thickness Of the formation, pOrosity pres
sure and other elements are established by
several wells no petroleum engineer can any
more guess about the potential OF wildcat
That is the reason we pay wildcat" prices
the only basis of which Is the amount the
landowner win take for share of his roy
atty If he wants as much as we pay for
ROYALTIES in known oil territory, we do not
buy on his farm. But aside from COMPARE
son with prices on known oil land, there IS
no basis for evaIuation of wildcat royalties
in Montana. Because of the low cost the
wildcats furnish the highest odds, in the
event of strike.
History is the best basis for evaIuatiOn
and where there is no history there is little
chance for evaIuation. In producing fields
we have a pretty good idea of what to ex-
pect from undeveIOped lands on the basis
of the results of developed lands. Such eval-
uation is always based on probable prOduc-
ton and not possible gushers. We once
worked with a mining engineer who was
noted for the accuracy Of his placer sam
pIings He always threw out the nuggets
which came from the test holes in arriving
at his average Thus the operator who ac-
cepted his recommendation of a property
was usually pleased when the occasional
nuggets showed up to increase the returns
above his estimate.
The same thing applies to the oil industry.
A tract may have an occasional sensational
well, but the money must be made on the
AVERAGE. Lon Crumley drilling out
"stripper" lease found a 6O0-barreI wen on
his 2Ist location, In Kelvin field. To evaluate
the property on that one well would be
wrong. However to one who had evaluated
the property on the steady results Of the
other 20 wells, the 6OO-barreI well came like
the ~extra" nuggets In the placer mine.
We win be glad to send our publications
on figuring royalty valuations to those who
request them.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16

must produce 100 SIS worth Of OiI-S5OO
worth of oil per acre to pay out. He knows
without the use Of a pencil that the
tract produces $1,000 worth of oil per acre
he win get his money back plus 1O09o; If
it produces $1,000 worth Of oil per acre he
will get his money back plus SOOe6-and
so on.
The average developed acre of oil land
in Kelvin field has thus far produced around
$4,000 worth Of oil. Thus the average IPo
ROYALTY has brought a return of S4S- How
ever that Is no criterion. None who buys
ROYALTY in this field can say that 1t VIII
weld him SAB percent per acre. That figure
is an AVERAGE between tracts such as
the Byrne which have produced much more
than $4,000 per acre and tracts which may
have produced $1,000 or less per acre.
The advantage of our system is that when
an investor is quoted royalty he knows IN
stantlv whether 1t is a price within reason.
If the price is 81 percent per acre he knows
that the tract must produce 100 81 or
sion worth of oil per acre to pay out. II
the price is $40 percent per acre. he knows
that the tract must produce $1,000 worth
Of oil per acre to pay Out-and so on he
knows that If he is asked to pay $50 percent
per acre for royalty on tract that VIII
possibly yield $1,000 worth of oil per acre
or $50 percent per acre, he has no gain
it is not good business.
Figuring royalty values Is not difficult, yet
Il Is surprising how few people know now
to determine the possible profit from
royalty at a given price.
Many who own good royalties are uncer-
tain when to sell them. If tract contains
$1,000 worth of oil per acre it is apparent
that Ie5 royalty on one acre viii yield $50
If the royalty owner could sell his 10 Tor
$50 percent per acre, he would receive IN
one lump sum the amount that the property
would pay over a period of 20 or 80 years,
which would be good business. But after the
tract has paid out $500 worth Of oil per
acre. what is the royalty worth? Surely 1t
would not be worth more than SIS percent
per acre, If the total ultimate yield is to
be only $50.
When we have a case like the Ohio-Baker
farm. IL Is more difficult because the Baker
farm has already paid out S51 percent per
acre: 81 percent more than the allotted $50
One percent royalty on this farm Is earn
ing around $3.50 per annum and 1t could
possibly make $3.50 per annum. WIN this
farm. produce 1,OOO barrels per acre or 1908
barrels per acre more? That Is hard to
guess as these wells are from l6 to 1S years
old and stfH producing. Properties of this
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
ARRESTS GASOLINE MASTERS"

WASHINGTON - Oil Co-ordinator
Ickes' campaign of arresting motorists
wasting gasoline and oil in national
parks, through inefficiently operating
cars. netted AZ motorists in first three
days. the oil co-ordinator reported
today
Motorists arrested by park police
(under Ickes' jurisdiction are being
required TO have their cars inspected
at District Of Columbia government
operated motor vehicle inspection sta
lions. First 16 cars inspected showed
IA in need of adjustment to prevent
waste of gasoline and oil, it was said
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
FAIR TRADE LAW ON OIL

HARRISBURG Gov Arthur James
has signed the new Fair Trade act
passed recently by the state legisla-
ture. Sponsored by oil marketing
groups, it permits the establishment
Of fair trade minimum resale prices
on gasoline and other petroleum prod
ucts
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
NICKEL IN NEvADA

one nickel deposit in Nevada has
been exploded by U. S Bureau Of
Mines with surface trenching and
sampling. tunneling, and diamond
drilling with negative results. One
large low-grade deposit is being
drilled in Montana An engineer Of
the Bureau OF Mines is enroute TO
Alaska to investigate the nickel de-
posts on Yakobi island
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
MOUNTAIN CITY PAYS

ELKO, Nev.-A dividend at the rate
Of 10 cents a share has been paid
to stockholders of Mountain City Cop
per Co, operating In the Cope district
In northern Elko county
The amount distributed was $237.142
as against a payment in December Of
$592, 1856 at the rate of IS cents
share The current payment brings to
81, 276, 500 the total discussed to date
by the company.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
Haystack Butte
Well Is Fishing

Fishing for lost rotary bit delayed
Montana-D Dakota Utilities company's
test on Haystack butte in the Sweet
grass Hills this week Before the fish
ing job, at 2879. a good showing Of
oil was cored IN the Cut Bank sand
horizon at 1869 to 2879. Location is
IN center MEL SW3 Sec. 18-35-4E
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
BIOLOGISTS AT RED LODGE

RED LODGE.-Prof l. R. wilson,
associate professor of geology at Coe
college. Cedar Rapids, Ia, has arrived
with 10 student biologists to open the
tummer research camp at the Harry
Owens ranch in Rock Creek canyon.
Wilson said a permanent camp will
be constructed when the world crisis
ends"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
JUST A "wIsECRACK"

Western legislatures we're quite up
set when Secretary Morgenthau of the
treasury told the senate finance COM
mittee that If you want to strike all
silver legislation off the books it will
be all right with me-" The price OF
silver is fixed by law, established by
congress at Till cents an ounce. No
change is expected to result from the
.Wisecrack"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
NEW MINE AGREEMENT

CHEYENNE, Wyo. - Four thousand
coal miners working in mines across
southern Wyoming have a new two
year contract which gave them 10
percent increase in wages and annual
vacations with pay. The miners Will
receive s7.42 a day for a seven-hour
day and five-day week. and Today
vacations with pay
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
MAGMA PROFITS

SUPERIOR, Ariz.-Magma Copper
Co. reported net profit for the six
months ended June 30 of $500, 142 be-
fore mine depletion, or $1.96 share
on the common stock, compared with
$717,587 or S1.76 on the common in
the first six months of 1940
Indicated net profit for the June
quarter was $412,949 or $101 a COM
mon share against S376,281 or go cents
q share in the same period year ago
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
TAX CLAIM SETTLED

LEADVILLE, CODA settlement Of
1889 tax claims against the Climax
Molybdenum Co. for $212,5O0 was APP
proved today by District Judge VIII
liam H. Luby. The company, worlds
largest producer of the steel-toughen-
ing metal, agreed to make the settle
ment upon condition that a tax
certificate, which had a value of APP
proximately s3240O0 be Cancelled.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
PrPELINE CONSTRUCTION

The greatest era in pipeline con-
struction in the history Of the industry
is to be inaugurated under tAe present
defense. plans. Just how many miles of
new construction will be involved is
not certain, but it will probably
amount to 10000 miles, and possibly
considerably more
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
URGES COAST PIPELTNE

Observation-Disclosures Oil Co
ordinator Harold L. Ickes recommend
ed the petroleum industry construct a
s70.O00O00 pipeline, with a daily ca
pacity Of $4,000 barrels, from east
Texas to the Atlantic coast.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
BRITISH OIL AMPLE

British oil reserves are in good
position and there is no fear whatever
of an oil shortage. according to War
ner Grubb, executive Of Standard Oil
Co, who arrived on the Clipper plane
from Europe after spending four
months in England He said stocks
were big and healthy
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
Motorists Can
Charge Riders
To Save Gasoline

WASHINGTON. - Private motorists
viii be permitted to carry paying pas
sengers without additional insurance
premium or penalty, according to Pc
troleum Co-ordinator Ickes who said
that 80 insurance companies are modi-
flying their underwriting rules to this
effect. The move is part Of the vol
untary gasoline curtailment campaign.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
sTLLMAN FATALLY RURNED

E. o. jenkins. Great Falls banker,
has returned from Billings where he
attended the funeral Of his nephew.
Ellwood R. Jenkins, stillman helper,
who was burned to death at the Yale
OH refinery. jenkins had been sprayed
by oil from a centrifugal motor
driven pump and as he passed a crude
still furnace his clothes were ignited
and he was fatally burned.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
NO RATTONTNG NEEDED

Rationing Of petroleum products on
the eastern seaboard can be avoided
if railroads do the job they say they
can and if additional transfers of
tankers are not too numerous or too
rapid, declares Standard Oil Co. of
New Jersey in it's company paper the
Lamp.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
ZINC PRODUCTION UP

NEW YORK.-DOmestic production
Of slab zinc for July reached a new
record high of 66,419 tons, as compared
with 62,236 in June. the American Zinc
institute reported. Figures for July did
not include output derived from for
eign zinc concentrates, which is esti-
mated to be running around 10000
tons monthly
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
JACK WATTE EARNINGS

The net Smelter returns from OPP
erations on the Jack Waite mine,
Duthie Idaho, were $163, 939.79 in the
first half of the current year, accord
ing to a report from the Seattle office
of the company. The operator is the
American Smelling and Refining COM
pany.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
SUNSHINE PROFITS

WALLACE, Idaho.-The Sunshine
Mining Co., worlds largest silver pro-
Queer, made a net profit in the first
half of 1941 of s1,186,431.18.
The mine made net profit of $685.
1888 in the first quarter and s27l4,-
266.39 in the II months of 1910.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
CLAIMS ALUMINIUM DEPOSIT

Jerry Noby. whose postoffice box
number is 18O Great Falls, states to
the Journal that he has an aluminium
deposit in Valley county and is an
xious to interest anyone who may be
able to utilize or develop it.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16

Dear sir" writes customer. For
nine years I was totally deaf, and after
using your Ear Salve for only 10 days
heard from my brother in Nebraska. "
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
Files KATIE LODE CLAIM

Nick Wallenstein Of Pendroy has
filed in the U. S. land office at Great
Falls an application for the Katie lode
mining claim containing 1874 acres,
in Section II Twp. 8N, Rg. wv.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
WE BELIEVE


GFOPHYSICAL SURVEYS nave been definitely proven in
disDensibe in Moreana Every wildcat should have both
Madison and Devonian highs determined by reflection
seismograph before drilling begins.
DEEPER DRILLING essential write the real history OF
the Montana oil industry The major source OF Mon
tina petroleum is in formations BELOW HE BIG
LIME Abandonment of wells at the Cat Greek horizon
is stupidity No we'll should be considered completion
until it is drilled into the Devonan.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-16
BUNKER hill DIVIDEND

Bunker Hill & Sullivan Mining
company win pay its regular quarterly
dividend of Is cents a share Sept 2
to stock of record Aug. H. The amount
to be disbursed is 1927. 900 and is the
same the company has been paying
for % years.