davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14

1T should not be approved as
written" Mr.. ZOok said. IF it is
case Of Take it or leave it, then
say Let's leave it.
1T is my firm conviction the
postwar oil situation will be such
that this country will be threat
ened with the loss of its export
market and be subjected to pres
sure to receive as imports much of
the additional production which
has been developed in South Ameri-
ca and the Middle East, for war
purposes and war demands are
the only market for that new oil
unless it replaces other oil.
For this reason" Zook said, II
pendent producer that an effort be
pendent producer that neffort be
made to develop some other vehicle,
TO replace the present agreement,
which will be helpful in bringing
about an orderly offering of oil in
international trade. No one wishes
to see conditions in world markets
similar to those that developed in
the United States during the days
when oil sold as low as 10 cents per
barrel"
Zook said the aim of the indie
pendent producer is greater discov-
cry of oil and gas reserves and a
development program consistent
with needs, but that the future of
the Independent domestic producer
depends in a large measure upon
the attitude of the federal govern
ment towards the imports of foreign
oil
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
CIVILIAN PREMIUM
GAS OUTPUT rs CUT

Petroleum Administrator for War
Harold L. Iekes has ordered u. S.
refineries to reduce by so per cent
the current production of premium
gasoline for civilian consumption
This latest action reducing the
quantity of premium gasoline avail
able for civilian use follows loss
in the production of tetraethyl lead,
a component of premium gasoline,
resulting from an explocion and
fire that reduced the output of one
of the nations lead manufacturing
plants. Other lead producing facili-
ties, operating at maximum capa-
city, are still unable to absorb the
estimated loss due to this accident.
This makes it necessary to take
other steps to prevent any interrupt
ton in the flow of vital aviation
gasoline for the military, which re
quire large quantities of this in
gredient.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
MAGNESIUM MERITS
EXTOLLED BY DOW

NEW YORK - Formally launch
ing magnesium as the great metal
of the world to come after the
peace, DR.. Willard H.. Dow, presi-
dent of the Dow Chemical Co, this
week told producers and fabricators
of the metal that magnesium holds
within itself a greater power to in
the laws and all the politicians on
earth. For real wages, let me re-
mind you, can never be more than
temporarily increased by law. They
can be increased only by science"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
Elk Basin

No competitions were recorded
during the week on the Montana
side of the Elk Basin field, with 10
wells drilling or preparing to drill.
The field summary:
ARTER-HENDERsON EAT
G NE NV NE 34-0S-23E
Drilling, 1915.
INSTRUMENTATION EA.z
c NE NE NE 34-9S-23E
Drilling, 349O
CARTER-HENDERsON UNIT NO.
NE SW NE 34-9S-23E
Pipe set, 2D5.
OHIO-GOVT.-ZIAgNERM NO.
M SEN SEA 34-8S-23E
Drilling, 2672
TANOLIND-DEEGLER NO. 2
SW NV SW 389S-23E
Pipe set, 29O.
STANOLTND-ELK A NO. is
NV SW 35-9S-23E
Surface pine set 3l0
STANOLIND2 TIP EUGENE LISA
c NE Sc NV 34-8S-23E
Surface pipe set. $40.
STANOLTND-TOOKER NO.
G NE Sc SW 27-eS-23E
Drilling, 1851.
sTAN0LIND-NO. 4 T. p, U. 8. A. NO. Z
c SW SW 369S-23E
Drilling, 2505.
STANOLTND-TOOKER NO.
NE SW SW 27-0S-23E
Rig up.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14

A large dance was going on at
Servicemen's center and a British
sailor was jitterbugging gracefully
with a young thing in a very low
cut gown Finally the tar blurted
out: BEG poddon, Miss-is the V
for victory?"
The young thing nodded. That's
right" she said sweetly, "but the
bundles are not for Britain"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
Petroleum Agreement Seen as New
Bureaucratic Move to Control Oil

OKLAHOMA CITY, OklaThe oil industry is faced with
between the United States the United King
dom which ratified by the United States may another
path federal control the oil industry Ralph Zook pes
dent of the Independent Petroleum Association of America said
address before the Interstate Oil Compact commission
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
Proirie Rose Test
Resumes Operations

Prairie Rose Oil Co. has complet-
ed rig repairs and is now roaming
down pipe to shut off water at 1877
in its No. l Thieltges, c Sc Sc SW
21-31N-5E, a few miles southwest of
Chester.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
STEVE'S WILDCAT
CLAWS PAST 700

L: c. Stevenson this week report
ed hole made past 700 feet in his
Arch Apex-Parsell No. /, Sweet
grass Hills wildcat in NV NV NE
4-36N-3E,.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14
New Method Sirmplifies
Surveying Well Holes

A simplified method of surveying
mineral exploratory holes to deter
mine whether the drills are wan
dering" off on a crooked path or
curving toward the surface instead
of going straight to the under
ground target has been developed
by bureau of mines engineers.
A copy of the publication de
scribing the method, Bureau of
Mines Report of Investigations 3773,
"a Method for Surveying Drill
Holes by Oriented Drill Rods" may
be obtained without charge from
the bureau of mines, department of
the interior, Washington %, d. c.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1944-10-14

A shoulder strap is something to
keep an attraction from being sen
sation.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

Patriotism and the will to win the
war is all very well, but we must
not overlook an opportunity to
take the suckers. The one rem
edy for this situation lies in the
people themselves, who have the
power to 1egalize or prevent this
type of betting by legislative ac-
ton. Oregon legalizes dog races
which, if possible, are a worse
type of vice. Our legislature pre-
vents the dogs from running but
lets us bet on the horses. Enough
demand from "the people" can stop
horse racing also. Now is a good
time to give this matter considera-
ton.
Many important matters will be
decided in the next legislature &.
which will be in session 80 days
from now and the members
are for the most part up for cleo
ton on Nov. 7 millions of
your dollars will be affected by
the decisions made there arc
you sure of the best legislators
for that task? there is yet
time to find out be sure to
vote.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

the amount spent for our drinks
until this year we are buying our
whiskey, wine and beer at the
rate of some 100 million dollars
for the IL months or more than
twice the average expended in the
entire period since repal.
When Reduced. to individuals
Totals are Significant
Assuming that during the period
covered by this study the popula-
ton of the state has averaged
one and a half million people it
is interesting to note that the
money thus spent is in excess of
$500 per individual. If the average
family in the state consists of four
persons, money spent for liquor
totals more than $1,000 per fam
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

lily. Enough to buy new car,
make a down payment on a new
home for that family or do many
other things which some impu-
dent folks might say would be
more beneficial to the average
family than the use of liquor has
proven.
Authority Says that Most
Folks are Non Drinkers
In connection with this line of
thought, we are told by no less
an authority than the Yale School
for Alcoholic Studies, a depart
ment of Yale University, that not
more than 40 million of the entire
population of the nation use liquor
in any form. If this be true and
the residents of the Evergreen
State are typical, then some folks
among us really spent a STABLE
amount of money for their drinks.
Millions Bet on Horse
Races at Longacres
Again from the informative
statement by w. ]. Herwig of the
Temperance Association we find
that while official figures are not
available, from the best informal
ton at hand he estimates that the
total bets placed at horse races
during the year 1914 within this
state approximate 10 million dol
lars and that more than six million
dollars of this amount was paid
for pari mutuel tickets at Long
acres track alone. If these figures
be correct the betting public paid
the management some 600 thous-
and dollars for the privilege of
placing these bets and one half
that amount in addition went to
the state in the form of taxes.
These totals approximate between
100000 and one million dollars
lost to those who placed the bets.
Heavy Money Produces
Strange Situations
With this kind of money in
volved it is easily seen why there
was such apparent pressure in
many places against any and
every attempt to prevent these
races. You would be amazed if
you knew just where and how this
pressure appeared in this matter.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

A survey was conducted recent
ly by the War Department among
the men in the service. One of the
questions asked was: Do you want
your wife to work after the war;
The concensus of the ansers was:
/ want my wife and my job wait
ing me when ! return. / don't
ant to find my wife busy with a
job some returning soldier needs,
and I don't want to find some
other mans wife has my job.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19
About the State
Washington State Cifizens
Pay a Lot of Money
For Their Dissipation
BY Guy LaFollette

Almost a half billion dollars mas
been spent by the citizens OF this
state for their liquor in its various
forms since repeal of the 18th
Amendment according to state
ment issued by w. J. Herwig, ex-
ecutive secretary of the Washing
ton Temperance Association. More
than s455, 100000 to be exact.
While the period covered in this
report is for more than 10 years
we are showing an increase in
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

Army filters proved that modern
planes can ride out hurricane
when they took a plane through
the center of the hurricane that
recently visited the Atlantic coast,
and returned with important data
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

According to a report issued by
Protestant religion forces there
has been a decline in Sunday
school attendance in all but four
of eighteen Protestant denomina-
tions the past ten years.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

The War Food Administration
has lifted all restrictions from
pressure Gamers. Production of
pressure Gamers in 1912 was 65,-
900. In 1913 is was 100000 and in
the first nine months of 1914 it
was 100000.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

1t is predicted that there will be
market for 80 million new automo-
biles in this country the first five
years after the war.
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1939-1949, 1944-10-19

&c Norfolk base. Winds up to l25
miles per hour were encountered
by the pilots in their mile mflight.
The Wilmington morning star., 1944-02-11
Really Transfers

The following realty transfers
were filed in the office Of the
Registrar of Deeds, Adrain B
Rhodes, Thursday.
Eleanor E. Wright, to Henry
Cleark, part Of lot /, block So, city
Early Williams ct ux to William
Davis, part of lots and 5. block
1888, city.
B. c. Bryan ct ux, c, Chester D
Hartley ct ux, tract on Wrights
vile turnpike.
Chester D. Haley, ct ux. to B
c. Bryan, ct ux, part Of tract 30
Winter Park Gardens
William G. Bradford, ct ux
to Bradford Iron Works. part o
lot 6, block II, city.
John Crosland company, to Ed
ward F. Rocheeel ltuG.
ward F. Rochelle ct ux, lot 5 bloc!
r.. Colonial Village.
The Wilmington morning star., 1944-02-11
CORRECTION

PHILADELPHIA, Feb. 10-R-
H. X. Halligan, who testified yes
terday before the Securities and
Exchange Commission here in con-
nection with the purchase OF Tide
Water common stock, is vice presi-
dent of the General Gas and Elec-
trio Corporation.
Through a transmission error
made by the Associated Press. Hal
ligan was identified as vice presi-
dent of the Wilmington, N. c., in
vestment firm of Allen c. ErwSs
& Co.
Halligan testified at the hearing
regarding the purchase Of the Tide
Water common stock from General
Gas and Electric b. Warren W.
Bell Of Jersey City, N. j., that G.
B. Ruddick, of Montclair, N. j.,
representing the Wilmington in
vestment firm of Allen c. Erwin
& Co., who bid against Bell for
the Tide Water common stock, has
told him that some people in
Wilmington were annoyed con.
corning treatment of the Erwing
bid.
The Wilmington morning star., 1944-02-11

soon after he was transferred to
command of the 9Th anti-subma.
rine squadron, stationed in New.
foundland. He was awarded the
Air Medal for more than 400 hours
as a combat crew commander.
Since August, 1913, he has been
stationed in England as a Squad
ron Commander and has made
many bombing missions over the
continent.
John Holmes, president Of Swift,
said in the Report that the meat
packing industry's manufacturing
operations are such that the
changeover from fulfilling war de-
mands to peacetime activities will
be relatively simple.
1--WE shall not be confronted
with the retooling and conversion
job that many industries will
face" he said.
He said the company els fully
aware of it's Obligations to re-
employ all of its regular employees
upon their return from war serv.
ice" ... $50
Holmes, said Swift's plants turn
ed out a near record tonnage Of
products in 1913 to help meet the
extraordinary demand for food
To handle this large volume, en-
ployment rolls had to be main
tanned as near to an all-time peak
as manpower conditions would
permit. Average weekly earnings
of employees continued to rise, and
the total Of wages and salaries
was 1915 per cent over that o.
1912 and 81 per cent greater than
the average for the last five years
The Wilmington morning star., 1944-02-11
Boylan Honored
BySwih Firm

Air Force Captain George S.
AL .,an Jr.. of Wilmington, is hon.
bo BOY in the Swift and Company
o leu to Employees for 1913,
l nsn was released Thursday.
VI" fill color photograph of Cap
4. "a Boylan appears on the cover
( ii the publication.
cn,ift employees in Wilmington
", Nv" are now in the armed serv-
WI" WV also are honored in the book,
lee1 M Washburn manager Of the
,a ~ fertilizer office, said. The
lova organization here now has
~ oN', mon in uniform. They are as
follows
william Baumgardner, George
Boylan, Jr., Walker Brown,
ee.,ouel L. Collins, j. Harper Cox,
2 pnhert C. Dixon, Edward H.
Tr;cks, John B. Greene, John W.
1,ardee Willard c. Hardee, Rich
ia W Hatch, William E. Henry,
al ,+her W. Horne, Jr., Richard
III howard, Joseph G.. Howe, HUI
y,r+ R, Jolly, Lycurgus A. Jones,
J Joe D. King, John P. Maggard,
, MI C. Murrell, Frederick K.
Nance S. Fuller Sistrunk, Jr., Nor
yin C. Smith, Jr., Walter Vaughn
,nd Dale c. Williams.
The publication contains their
names among a total of more than
1880 from all the company's
rlants and branches in the armed
forces. It also has the names of
nearly 5000 employees with Is to
"a years of continuous service
with the company, of whom Is
are located in this community.
The cover photograph shows
CAPTAIN Boylan giving the ''Vic-
tory Sign from the cockpit of his
plane which bears crossed
out submarine sketch. It was
taken when he engaged in patrol
and convoy duty in the Atlantic.
Captain Boylan first joined Swift
in November, 1886, at the Will
mington fertilizer plant. After
an interval in college he rejoined
Swift at the Charlotte branch
house and was transferred back
to Wilmington in October, 1899.
In September, 1910, he enlisted
in the Army Air Corps. He receiv-
ed his wings a year later and dur
ing the winter of 1941-42 was en-
gagged in anti-submarine patrol
duty off the Florida coast. Dur
ing 1912 he also was based at
Mitchell Field, Long Island and
WeStover Field, Mass, and in
the winter of 1942-43 was engag-
ed in patrol and convoy duty in
The North Atlantic.
A captaincy commission was
awarded Boylan early in 1943 and
The Wilmington morning star., 1944-02-11
Second Grade Bond Issue
FavoredBy Roger Babson

out of them. This is particularly
true of the second grades and the
obligations of roads in receiver
ship. Many institutional holders OF
rail bonds sold out at the wrong
time and have since gone back
into the rail market. Investors who
are seeking higher returns in rail
bonds, comparable in security to
industrial and utility issues, may
buy first mortgage issues,-espe-
cially those of the recognized
roads. Avoid the incomes" at this
time. These should sell for much
less during the railroad slump
which will sometime follow World
War II.
Industrial Issues
AS in the case of the railroads.
industrial activity made new highs
in 1913. With the peak of war pro-
duction passed, with enormous tax
es and labor loads, with re-negoti-
alton costs and with the problems
of re-conversion, industry will be
loaded with burdens this year.
Yields on top grade industrial is
sues are lower than on compar-
able railroad bonds. Prices have
continued generally toward higher
levels. For institutional and large
individual buyers, governments
may now be better bet than the
best grade industrials.
This year will witness continued
heavy calling OF corporate issues,
which will furthex reduce the sup.
ply of industrial onds. This will
force investors into preferred
stocks and second grade bond is
sues. A careful analysis Of indi.
vidual companies and special sit.
uations' should govern purchases
in this latter group. Venture cap
ital,' willing to take an average
business risk, may be more sue.
cessful in the postwar period Of
industrial development than con-
sentative low risk and low yield
capital investments.
Utility Bonds
Along with railroad and indus.
trial activity, electric power pro-
duction has shown tremendous
gains and now stands at an all
time high. Net earnings Of the
utilities have not increased much
for the industry as a whole be-
cause Of high taxes and operating
costs. However, the industry is in
a strong financial position and
should remain so. In the matter
of debts, many companies have
had a good house cleaning. Many
of their obligations have been re-
financed over long term periods
at extremely low interest rates.
Medium grade utility issues Of
fer opportunities for investment
Electric power will continue to be
in heavy demand. In fact, this
. year may show an increase Of
percent over 1913. Of all the bono
|. groups, utility issues may be the
most attractive. Careful selection
of companies from a geographical.
, point of view is necessary. Coco
The Wilmington morning star., 1944-02-11

management will also be a factor
in their future prices.
Conclusion
The individual investor should
first seek to maintain a proper
balance between fixed and secure
income securities such as bonds
and the equity securities such as
preferred and common stocks.
Forty per cent in bonds and sixty
per cent in stocks is still a good
rule to follow. Remember that
when buying stocks, to select com.
panies with large working capital,
no bothersome debt or cumulative
preferred stock and with a good
postwar outlook. Just now the in
surance and merchandise groups
seem to best fulfill these latter
requirements. When buying bonds
diversity between industrials, util
tiles and good rails. Many institu
tons and individuals now have ;
too large percentage in utilities.
The Wilmington morning star., 1944-02-11
BY ROGER w. BABsON


BABSON PARK, Fla, Feb. 10
I do not expect any near term
change in present low interest
rates. While Government financ-
ing continues to dominate the high
grade investment field, top grade
municipal, railroad, industrial and
utility bonds will remain high in
price and low in yield. In all prob
ability medium grade issues will
feature the bond market this year.
Assuming that investors are buy
icg their full quota of Government
War Series bonds, particularly
those of the Fourth War Loan
drive now underway, what can
they expect from issues outside
the field Of Government?
Municipa1s
The municipal bond market has
been greatly reduced in volume
since our entry into the war. Mu-
inequalities have been unable to
obtain materials with which to
make improvements. Normal con.
struction for town and city re-
quirements, usually financed by
bond issues, has been at stand
still. Purchases of new fire fight
ing equipment, traffic signal sys'
TENS and other safety devices
have, likewise, been restricted. 1r
addition to the difficulties in OBJ
tanning priorities. taxpayers have
insisted that municipal spending be
kept at a minimum. AS a result
many cities and states have bull
Up substantial reserves. cut theil
indebtedness and improved theil
general fiscal position.
Institutional demand for munich
pals has fallen off sharply due tt
The greater attI activeness OF gov
eminent bonds. To offset this there
has been an Increase in the pur
chase of municipals by individual,
investors. Higher tax rates have
forced many wealthy investors in
to these bonds. Banks have also
been increased buyers of munich
pals. Lack If new municipal is
sues, plus demand for bonds OF
this type, has resulted in very nigh
prices. There has been some re.
cession since last October, but they
are still too high except in few
special instances.
Railroad Bonds
While 1913 was an excellent year
for the railroads, the final figure'
will show some reduction in the
percentage of traffic gains over
1892 Higher taxes and wages ir
1943 will also, in many instances
result in reduction in net earn
lngs when the final figures. are II
for the past year. This downward
trend will be further reflected II
1914. Railroad debt, however, j
being reduced and working CAPT
tai is rising. Hence, the financia
positions of most roads are beins
strengthened.
Rail bonds have been very popu
lar. Investors have made none,
The Wilmington morning star., 1944-02-11
NOMINATED

WASHINGTON, Feb. 10.-tR-
Joseph Nunan. Jr., of Douglaston,
N. Y, was nominated by Presi-
dent Roosevelt to be commissioner
of internal revenue. Nunan. who
has been internal revenue collec-
tor in Brooklyn, will succeed Rob-
ert E. Hannegan, who resigned to
become chairman of the Demo-
cratic national committee.
The guardian. [volume] (Boston, Mass.) 1901-1960, 1944-11-18
Fine Cast In
LET Us Be Gay"

Ralf Coleman Players present
a fine cast in their production
this year OF Rachel Crother'S
brilliant comedy Let Us Be
Gay. Besides the favoriteS of
last years production, ITO My
Husband" they have added a
distinguished group of players.
Gladys McAdoo, acclaimed as
an actress of rare ability, again
has the lead as kitty Brown.
Coleman again plays opposite
her as the husband, Bob
Brown" Mkt Harris, favorite
performer, again has a role that
fits his Suave talent as Town
ley. Esther Wilson, the capable
manager Of the Players, makes
her debut as an actress in the
prominent role of "Bouci'. Irene
O'Banyoun Robinson, former
member Of the Boston Players,
joins the company in this pro-
duction. Clinton Oliver, assoc
late professor at Harvard Col
lege, Ella Garrett Horad, popu-
lar RoXbury beauty, John San
ders Of Winthrop, Rufus Brent,
talented actor of Federal Thea
tire days, and Agnes Howard,
little theator actress, complete