davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-08-12

Arch Apex Structure

Arch Apex Structure
NEUTRALITY-SUSPICIOUS. N0. T.
NV AWA NRA 4-s6N-sE
Lost first hole. 40; drilling, so.
Brady District
TExACOSCHLEPP NO. e.
Sc SEA sen 21-2E2w
Tested barrels. 1892
TExACO-K. JEssER NO.
81 NV Sc I7-27-2W
Spuoded 1854; drilling, 1885
Button Butte
TAREANT.w0ODwORTH NO. -
sen sen 20-14N-24E
Resuming, 3025.
BrOadview Dome
BR0ADvIEw PET. CORP. sTOLTmN.
BERG NO. H.
SW NE 1s-3N-23E
Kan 1M-inch pipe to $40. tesfed OIL
snow IN Madison, 523s, through produc-
ing tubing. P. B., 5Is4 To shoot
Chester Area
PRAIRIE ROsE-THIRITGEs NO. T.
Sc Sc SW 21-31N-6E
Spudded SLAP; standing 1900
Crooked Creek
CARTER-N. p. fsNO.
SW Sc 15-4N-26E
Drilling, 1884.
Collins Area
UNE0N-J. }. GREENE NO. T.
NV SW SW 2G2S-SW
Spudded 6-6-44; testlne-no data on for
nation tops Reported T. d. 1746. Gun
verified.) P. B. to test Bannatyne sand.
UNI0N,JOHN ENGLUND NO.
Location
UNTON-CART.s0N NO. T.
G Sc SW Sc 2e-25-3W
Spudded 1914 drilling, 14OO.
Devon Field
MULCAHY.HELIINCER NO. L.
NV NWA SEA- 432-7E
1sSo0 gas, 7e6; T. D.. 1890.
DEVENRAU0H-McHU0 NO. T.
SW NE NE 14-33N-1E
Standing, SO7
East Van Area
TEXAGO-J. P. HURLEY NO.
e SW sc NV e-35-1E
Spudded 1884; drilling, 1855
East Bridger
ALEX BEATON NO. H.
sEH sEA 2S-8s-2SE
T. D., 1T35.
Flat COuIee Structure
NoRTHERN PETsKORTHERN FARMS
SSz s y a.; so-s Y; e :. ,. g.
line break, sIss "a Acid Il n ISoo i Tsla
Made water only. Shot off pipe and &C.
mented at 1850, to produce from Sun
FOx-Luther Dome
CARTER-B0WLEN NO. T.
SW NE 14-6S-10E
Drilling, 2299.
Gypsy Structure
MORTON-swANsON NO.
SW Sc SW 22-28N-8W
Waiting on pipe, so.
M0RTON-N0RTMWEsT BANK NO.
G SW NE 33-2aN-6W
Moving in materials.
Hagan Structure
HAGEN STRUCTURE OIL cO-ANDER-
SON NO. L.
NE Sen NEA D-SI-TW
Cemented cave at base OF 13-inch pipe,
1875 n d 2ZDO nrfllfnr oIf4 ran1erf
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-08-12

HariO Structure
MD-M0NTANA-YOUEG NO. T.
c NWM NEA 13-TN-1sE
Corfng Madison. Ass
bingham
HTNCHAM-H0BsON-FK no. g.
NE SEA SEA 25-33N-10E
Pipe set, $3.50; waiting on pipe. 3775.
Ing0mar Dome
cARTHR-NORTHRRN ORDNANCE Hm.
& e.'s Snn H ssa Il 22eN,ssE
100000 fest Of gas, 1850.
Kicking Horse Structure
HUsKY.RANKEN NO. T.
NV SIX Sc 8~96-1E
spudded 1874 $4,000 Gu. IT, gas, $40.
Zig burned, 1880. Drilling with new
spudder after setting pipe TO case off
Roofs blown up Ia hole 500 feet. irving
to lower pipe.
Ledger Area
HAGEMAN-POND-EALT NO. L.
C SW SW SW 35-2g-2W
Spudded 1874. COMPLETED s-5-44. T.
d. POST. 1850 #. sulphur water P. & A.
Lodge Grass-GOod Luck Field
G. N. MAssEY.LaNDE NO. L.
SW NV 1e8S-35E
Spudded 11-17-4S; standing, 1850.
MQrtdS Are6
NAPAR-ZELL IA
NV Sc NV 6-31-2W
Location (FIRST REPORT).
Mcleod Dome
TANOLIND-ROsTAD NO. l.
C NE NV NE 16-2S-13E
Drilling, 1112.
Meriwether Structure
A. b. COBB-TRIBAL 264 NO. -
c NE NE Sc 17-33N-9W
Rig up.
Midway Structure
TARRANT-wOOD NO. f.
G NEA NWk 32-2s-lW
q. D. 36o5, =. b. TO Sunburst. To pump
through perForations.
OBSERVATION-DISCLOSURES NO. l.
G NWA NEA 3o-28-lW
Putting on pump, 1873.
TARRANT-GEHRIG NO. T.
G NV SW Sc 31-2s-1W
Rig up.
HAGEMAN-POND-RHsPN NO. T.
Sc SEA NWN 2O-2S-1W
40 barrels. 1852.
NEUTRALITY-SUSPICIOUS. NO. A.
NE Sc NV 2O-28N-1W
COMPLETED 5-8I-44. T. D., 1898. Shot
Sunburst, 1772-1791. Standing.
TARRANT.BORLAND NO. L.
s DSo SwT Sa IVY aI ajigN,i iss5.
TARRAET-sTATB NO.
Sc Sc 36-282W
Location.
TARRANT-BAUB6A NO. H.
ME NE NE 33s&H~1W
Spudded 5-f9-z4. COMPLETED 7-I0-44.
OIL show in Sunburst shot 1690-1704.
Testing.
Mission Dome
NTERMOUNTAIN sTATEs-B R 4 s
NO. H.
Sc SWA NwA 2S-2S-1IE
Suspended. 1735.
SECURITY PETROLEUM.WEss NO. T.
Sc SEA SWA 20-zs-11E
Rigging UP rotary, 1926.
Pendroy Structure
JARVIS q TAYIOR-GOGGTNs NO. T.
G NEA SEA T-27-5W
Shut down, AO4S.
JARVIS e. TAFIOR~B. REED NO.
G SW SW NV 8-27-5W
CoMPIETTON. r. b, 2se0. EN-, 25O1.
on show, 2511-2517. Very good show sec
ond break, $500. Waiting for spudder
Hole full of mud.
TEXACOROWLAND NO. T.
@ SE NE Sc 31-27-5W
Spudded s-1-44; drilling, 2250.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-08-12
West Utopia Block

TEXACO-HANSON NO. T.
c NE SW NE 21-33N-3E
Location (FIRST REPORT)
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-08-12

HKNGKzAhs- no BISON -FKaENK NO. 4.
NE SEA SEA 25-SarS-1QE
Pipe set. $500; waiting on pipe. 81
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22

The action involves a lease on
acreage in the gas area of the Kelvin
Sunburst field. originally taken by
Rieckhoff. The acreage was subse-
quently leased by the Consolidated,
which contended Rieckhoffs lease
was voided by his failure TO "dili-
gently prosecute" drilling of a we'll
on the acreage.
The Toole county district court
ruled in favor of Rleckhoff, now in
the army, overseas. The Consoli-
dated appealed, and the supreme
court upheld the district court. The
Consolidated has filed petition for
rehearing.
The objection to the petition,
filed by Cedor B. Aronow of Shelby,
attorney for Rieckhoff, sets forth
that there was provision in the
lease requiring that 30 days written
notice be given before the lease
could be cancelled, for any cause
whatsoever.
Aronow's objection sets forth no
such written notice was given, and
points out that because this lease
DID contain such a provision, II Is
utterly unlike standard lease forms
which provide for automatic term
ination in event of failure to per
form certain obligations.
The supreme court agreed with
this contention, according to Arc
now's objection, which quotes the
court as saying:
Before the question of diligence
can be litigated, the plaintiff must,
under the terms of the agreement,
allege and prove that a notice Of
default was given, and no sufficient
effort to remedy the default was
made. THIS WAS NOT DONE. !"
Aronow asks that the high court
deny the petition for re-hearing and
find that Rieckhoff Is entitled to a
stay of any further attacks upon
his rights, under the provisions of
the Soldiers and Sailors relief act.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22

eminent to protect these Ameri-
can-Owned deposits. The proposal
was put UP to the joint chiefs of
staff and they approved the idea
generally.
"The departments interested were
the State Department, the War De
partment, the Navy Department,
the Interior Department, and F'EA,
Leo Crowley's office. The first pro-
posal discussed was to buy them
out. They would not talk of that.
Then we discussed for some time
a $3.50 ownership and that was
finally declined. Finally, we got
down to a discussion of a third
ownership by the United States.
Discusses Pipeline
''The proposal was made that we
buy third interest on the general
theory of repaying to the two COM
panies just what that third in
terest would cost them. Well, l
think at that time there was con-
siderable pressure brought on these
two companies not to let the gov
eminent buy in. There was a sense
of alarm among the oil people that
the government was going to get
into the oil business. Negotiations
collapsed
Then we started to make some
plans to build some refineries in
that area but not in the field. Under
that condition of affairs, the ne
gotiations were reopened on the
basis of building a pipeline from
the Persian Gulf to the Mediter-
ranean to make this oil available
quickly and cheaply to the Medi-
terranean and to Europe"
From this point, Secretary Knox
went on to discuss the pipeline
project itself He asserted it would
take from Is months to. 2 years to
build; that 24-inch pipe would be
used; that the line would be com
mon carrier ''open to everybody"
Then. after outlining the adwa11t-
ages that would result from its con-
structien, he stated the following
as the motivating reason for gov
eminent sponsorship of the project:
at protected American owner
ship in these tremendous conces-
sions. That was the major factor,
because we assumed-and | think
it is a correct assumption-tha If
the United States government was
vitality interested in this field, no
one was going to come in there or
take the concessions away; and it
did give us this tremendous re-
serve as a military reserve not to
be drawn on unless needed at a
guaranteed low price"
What happens" he concluded,
is this: In order to conserve very
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22
Knox Suvs Motors
Refused Offers OF
Aid by Government

all or any part of the venture.
These facts, at direct variance
with recent charges that federal
money was to be used, are clearly
set forth in statement by Navy
Secretary Frank Knox.
The statement covers the inside
story behind the interest of the
federal government in Arabian oil
and of the negotiations which led
to the decision to build a pipeline
from the Persian Gulf to the Medi-
terranean, the latter project which
has been hotly attacked by the Pc
troleum Industry War Council.
Says Secretary Knox statement
in part:
There were prospective oil re-
serves in Saudi Arabia, and the
British were, l believe, offered
them first. They thought there was
no oil there, and said they were
not interested. At that point Ameri-
can companies got interested, not
ably the Standard of California and
a little latter they associated them
selves with The Texas Co. They
went in and made some explora-
tions and discovered huge pool
of oil, currently estimated at TO-
100000. 900 barrels. 1t is one of the
largest pools known.
THEY obtained a concession from
the Saudi Arabian government
which lets them operate this field
under royalty payments to the
Saudi Arabian government. They
were not able to operate to any
great extent, or any extent at all,
| suppose, but they made some
prepayments TO the Arabian gov
eminent in anticipation of royalties
running up TO several millions of
dollars The Arabian government
at the same time was, / believe,
calling on the British for help, and
they advanced considerable sums
of money.
U. s. Companies Alarmed
Eventually the American COM
panies became little alarmed over
the situation. They were there,
private interests wholly, with no
support from their own govern
ment, in possible competition with
the British government and with
the British companies having all
the support and prestige that the
British government could bring.
They came to us in state of con-
Germ and urged the American gov
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22
Elk Basin

Wells drilling In the Montana por-
ton of the Elk Basin field reported
status during the week as follows.
INSTRUMENTATION XII
G. NE SIX NE S4-9S 13E
Drilling. 1850
ARTEK-HwMDER80N MH.S
NE SIC NV 95-oS-zSE
Spudding.
sTAHOLTND-EKsK NO. fg
NV SE 35-0S-23E
Surface pipe set, ESQ
sTANOLTND-ELK NO. IS
SW SIX $685. Use
Spuddfng. (F1RST REPORT)
sTAN0LHND-f TIP EUGENE TIssA
NE NE NV 34-0S-21E
Rig UP.
sTANOKIND-T. Y. ZAERR NO.
NE NE Sc 3A-9S-23E
Drilling, $3.50.
STAN0xEND-EAERR NO.
NE SW Sc 34-eS-23E
Location.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22
Cdble Tools
Drilling in
Guge Well

Continued from Page -
NORTHERN ORDNANCE-DARR NO T.
Sc NE 1z-9N-2SE
Spudded II-20-43; flowed ass bbls. first
"a hours from Amsden, topped 60S7
Flowing 1875 bbls. daily through v -inch
HERN-ORDEANCE-N. p. f.is-G
NE SW 1e-0N-&7E
Spudded 1882; testing Amslen Acid
lied 1000 gals. mud acid. Repairing rig.
GAS.
EORTHERN-ORD..L. 4, NORRIS B-1
SW NV 13-gN-z0E
Spudded 2-10-44; Afnsden topped, 6103
Drilling In with cable tools
NOR. 0KkD.sL. n. MORRIS BE-
G NV Sc 13-eN-26E
Spudded 4-13-44. Pipe set 345.
NOR. ORD-OVERKND a QUTNEEKL
NO. r.
c NV NV 22eN-2eE
Drilling $500.
NORTHERNlO ORD. .McTAvIsH NO. -
G NE NE 19-8N-z6E
Rig up.
NORTHERN-ORD..S. I. MORRIS AZ
G SW NE 159N-26E
Spudded Ala; drilling, 48O0
NORTHERN-ORD.-N. p. 1856
Sc NV 23-9N-26E
Drilling, $500.
NOR. ORD.-L d. STAIaEY f-s0-G
G SW NV 30-8N-27E
Location.
NORTHERN ORE. STATE 1886
G NV NE 269N-26E
Spudded 1914; drilling, 400.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22
Elk Basin Field Unit Operation
Discussed at Meeting In Casper

informal discussion Of possibilities for unit opera
ton OF the Elk Basin field in Wyoming and Montana held
the meeting of the production committee of district PAW held
here last week with operators from Wyoming Montana
RADIO attendance emphasized that definite
worked out and that the proposal still only tentative stage
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22
Soy Coost Refineries
Not Ho0rding Gasoline

Acting Petroleum Administrator
Ralph K. Davies has branded as
false and absurd rumors that
west coast refinery storage capacity
is choked with an over-abundance
of motor fuel.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-04-22

large volume of oil for possible use
in an emergency, we make avail
able pipeline for oil transportation
there. That's about the size of it.
We do not go in for oil ownership"
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Retire
GIN Stock

NEW YORK, April q General
Motors stockholders Will vote on
"a proposed retirement Of 7S4. 4O6
shares common Stac1(and-
the modification OF the employees
retirement plan at the annual
meeting May p. in Wilmington
Del.
Stock 10 he retired was ac-
.quired IN connection with the
acquisition Of the stock Of Yellow
Truck and Coach Co. last year.
General Motors distributed
1898, TAG common shares 10 the
holders Of Yellow Truck and
eeseh- stock in exchange for theIr
holdings.
Since en- itself was one Of
those stockholders, 7S4.406 shares
Of common stock came back tc
General Motors. These shares are
10 be retired 10 the status OF
authorized, but uniSSued stock.
Retirement plan changes include
lowering the earliest age al which
an employe would first participate
10 30. from 40, and raising the
oldest age at which an emplove
would Normally first participate
TO SO, from 81.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Dividends
Detroit Livestock Market

cent larger than p week earlier and
largest for the year 10 date Nealers sold
about steady At recent unevenly lower
levels Good and choice veaiers sold freely
al Sl6 so. top and hulk Medium 20 good
grades brought xl4 so n - SO and common
and medium kinds ti0u1t; cubs remain
slow AT S5ds
HOGS IL 500 Excessive receipts ~ hogs
resulted IN a very slow market. with lib-
eraf NUMBERS brfug carrrr1 -fut'-ttr -rrw
week. Good and choice 2O0:27O 10. hogs
sold mainly az $3.50 throughout the week.
some rail receipts topping az &l4. Heavier
hogs were 5o-T5c lower most 270-3O0 lbs.
late AZ Si3 s. and 800 800 lbs. At $50
l3 IS, Hogs scaling under 200 lbs we're
without reliable outlet with prices 2b-5Oc
lower. u heing a question of buyers and
not price 10 move these weights Desirable
10000 lbs. sold TODAY a. S13n15 Is. 100
$50 lbs. A. Si2 25n 10 and l4O-iSq lbs a.
I'll asa II. rs. Good and choice sows bulked
at 2il SO u r. being fist soc under a week
earlier Stags made SiOT1D IS Good and
choice feeder pigs brought $40 so I but
others we're on a peddling basis
SHEEP, 500 With receipts IS per cent
larger than last week lambs sold steady
70 25c lower and sheep about steady. Good
and choice vooied native lambs bulked At
SIS n is so. afew best SIS. so fr16.73 Good
and choice shorn lambs with No. pelts
made $3.50 fi475. some with No
skins. xi5r1523 Common and medium
shorn lambs ranged from $40 IS and
cuns from $50 sheep we're auo'shls
from 50 down according 10 wool growth.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
RADICAL TENDENCIES

Symptoms Of radical tendencies
IN the present administration &C
caSionally crop out and one may
Still fear that the people may
follow
But, on the other side. 7 note
that. broadly speaking. the vol
Une j. of on the recession. New
highs are AS numerous as new
la~S, The market has been sup
ported a. about 1877 dow Jones
induStrialSl. which is a really sig
nIfieant level For these times the
short interest is large-the larg-
est since June 1888.
There has been a rather good
demand for high grade stocks.
Some tendency 10 favor preferredS
over common stocks and the rise
IN good corporation bonds are not
indicative Of reaction.
No increase IN taxes seems
likely in 1874. and Byrnes seems
10 expect lower taxes soon after
the war. The chairman Of General
Motors looks for only minor
slump after the war. followed nv
AT least four years Of good busi-
ness.
Frankly. 7 don't know the
answer, but | am not beariSh
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Reclaim Used, Too

Reclaim rubber is also being
put 10 use by the army IN guns.
planes and tanks In the follow
lng amounts
Medium tank. 800 pounds.
haif-rrack, 1918 pounds 1eep.
AIS pounds Is nm. gun car
rage. 1913 pounds 81 nm. gun
carriage 49, pounds. one en-
Clne pursuit ship, S27 pounds:
ton Srotit ear. 3 = pounds.
and As-ton truck or weapon
carrier - 20 81 pounds
The army uses 3 600 600
pounds Of synthetic wire cable
jackets monthly
a standard civilian tire. s 90
by rs. uses l02 pounds Of Buna
-r1inhcrand- l-7-pouudS of TO-
clam rubber the Office of the
RIs+4hheE Director reported
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Long Trend Up

/ think most likely some Of
those real estate men felt that
/ was inferring that the long
term trend is downward. That's
definitely not in the cards. in
my humble opinion.
With labor costs higher, and
every durable goods manufac-
turer predicting higher prices,
il would be ridiculous TO think
that home construction would
run counter 10 the trend.
My feeling is rather that
after the war wei get a better
home-and not particularly one
loaded with gadgets. either-but
that II will cost somewhat more
10 build.
In the meantime. whether you
want 70 say the pressure is re-
iieved or that fewer people want
10 buy and more sell, or some
thing else. l still feel that the
runaway rise in prices has been
halted at least temporarily.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
What S New
In Business
Real Estate Men
Defend The Trend
BY WARD SCHULTZ

A fortnight ago this column
-eHdeaNesed=to pass along what
we thought was a change in the
upward trend of residential real
estate prices in this area.
Entirely unprepared for the
chorus of protests from real es-
tate men. I've done a little fur
Their checking with top-flight
realtors and other informed per-
sons.
I'm afraid III have to stick BY
my guns.
Although they can find a lot
ot-w5yS telling you That
prices are starting 10 taper off
and pressure is easing on the
real estate market - Without
coming out in the open and say
ing that prices are lower. All
indications substantiate my ear
lier claims.
For example, one realtor said
that while they feel the long
term trend is upward. at the
present time the market has
switched from a strictly sellers
market 20 comparatively
normal market"
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21

Marketing Of all species of live
stock increased materially at the
Detroit Stockyards during the
week just closing Hogs were
especially numerous. being Vir-
tually the same as the seasons
record run early IN December.
Prices held up well in the cattle
division. but showed weakness in
sheep and lambs, and material de-
crease on some weights of hogs
CATTLE = 500 Slaughter steers, and
'ycarlngs. also heifers aeld about steady
for the current week lower grades getting
broader outlet than good offerings Bulk
good steers and yearlings sold at sig so W.
-, SO 4 few best 0O0-i 100 Founders az
SIS rs Common and medium turned n,
xi1 az Beef cows were active, mostly
25c higher. bulk S9d12. few best "a
Al2 so Gamers and cutters finished no
better than steady after being Csc higher
IN MONDAY Late bulk Gamers and cut.
tiers. IS 50 = 50. Bulls finished very in.
differently At weak % soc lower levels
than last weeks high time Good sausage
bulls sold late from 81 down with the
weeks top a. xit.7S. Stocker ana feeder
cattle drew hroad demand a. Arm prices
most sales si7d1I
CALVES. $50. Receipts W,r, 10 pei
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21

FRUITS Apples Bsldvins fancy. 50 I,
hu 40. $50 3 50. Delicious fancy
II hu No. / 81 50; Jonathans. fancy
50 IL ON No l. 50 25d350 Greetings
fancy, So IL On, No I. $50 5 5o- Northern
Spies fancy. 81 u bu no. ! 50 5oH3 IS
Steele's Red. fancy. 4l4 hu-; No !
81 ~ q rs. Note. ceiling price on apples
81 ~ 4G-ib box
VEGETABLE Greensboro endvs
No l. 22G225 5-lh box
VEGETABLES MISC. Beets topped
No l. $3.50 50 hu broccoli No J.
81 50 bu. cabbage No. !. $1H125 bu
carrots topped. No. / Si5on175 bu.
celery root, No /, s. 50G3 bu. ohves
81 IS dor leeks No. l. 50T2 dor
hchs parsnips No. l. 81 50 1915 hu.: po-
iatoes No. J. S2H225 100 lbs rutabaeas
No I, Slal Is bu. radshes. red. hothouss
81 20 doz hchs turnips, topped no. /
81 2S1 50 bu vegetable oysters. No J.
81 so dor hChs ; rhuharh. hcthouss fancy,
81 y 10 SID. box choice 75Q g0c small.
81 25Q ! 81 dor hchs
E.Ge.s--bsrgs sac se1-if- SO dor. rsss-
medium. 50 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21

Another realtor told me that
there are more people willing
10 sell today and fewer people
anxious 10 buy.
He said, quite frankly, that
about a year ago, out of town
firms were transferring men to
Detroit and in many cases they
were willing 10 buy AT any
price, because salary increases
or increased commissions would
cover their higher housing costs.
There's no use kidding our
selves" he added. "A lot Of
homes sold at very high prices.
The point Is. that we didn't
consider those a. establishing
the market That type OF buy
ing Is about gone and there are
few OF those bonanza deals re-
ported lately.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Fifty Lotin-Americans Get u. S. Aid

One has in 10 brought up from IatnAmerica
30 graduate chemists their transportation
and their living encouraged them get
General Electric
T. Du Point De Nemous and Ingersoll Rand After
there tied exchange students
who free select their field Of work and their
employer has been helpful enabling LatinAmer
develop home industries managed by her nationals
Filthy, American enterprises, w r Grace and Co.
which especially the West
partnership nationals OF the
countries which they In the American
holding 40 interest with so
being owned by the nationals
Irrespective Of the incidence Of ownership Of the receipts
from the sales dollar of within the border
the American being redsrbued nationals
and salaries dividends and goods and
purchased from others
Farsighted believe economic rela
onss must he Predeaed to benefit the
which they rather than merely absentee foreign
NUM-
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-04-21
Stocks Steady
AT 0pening

NEW YORK, April II CUP)--
Stocks opened steady 10 firm IN
light dealings today Bonds were
steady Cotton futures opened 3
10 points higher.
The first 80 stocks 10 appear
showed only three declines. The
others were unchanged 10 frac-
tlonally higher with the widest
gain in American sugar AZ IS, up
= point Park e. Tilford gained
2 point 10 So while gains of ~
point each we're noted in United
Aircraft al 277s and Kennecott at
80 =. Santa was UP = at
654.
Gains of 4 point each we're
made by HOmestake Mining, In
ternational Paper, Tidewater AS
Sociated Oil. Norfolk e. Western,
Willys-Overland and Consolidated
Edison. Advances of a mere 18th
were registered in Anaconda.
Socony-Vacuum. LoCkheed, Cen
eral Electric. Atlantic Refining.
American Car e. Foundry and
Southern Pacific.
Among the group Which opened
al the previous close were Amer
lean TIE leph one, Westinghouse
/ Electric, GOODYEAR, Standard OIL
Of California. Pennsylvania Rail-
road, International Nickel, General
Motors. International Telephone,
New York Central, Sears Roebuck
and Studebaker.
Steel shares were very dull with
none of the leaders appearing in
the first part Of the session.