Montana Oil Journal
(RiBUnUD 1M1
OwMd and published by Montana OU Journal, Incorporated. Addreaa all communication«
to 518 First Avenue South. Greet Falla, Montana.
SUBSCRIPTION RATES
S3 Per Tear In Advance—Canada and Foreign Subscriptions, S3JS0 Per Year. S1.75—C
Months. Foreign $3.25—6 Months.
Published Every Saturday
Entered as Second Class Matter, April 23. 1921, at the Postoffice at Great Falla. Mon
Una.—Under Act of March 3, 1879.
A WORD ON CARTELS
Lofty discussion on the question of cartels—powerful, legalized
industrial combinations—is so far over the heads of the people that
they assume it has little bearing on their affairs. Most nations are
said to be drifting toward cartels, consequently it is claimed the
United States must go along, at least with respect to foreign trade.
Before succumbing to this notion, the people should realize what
it means. The president of the Siin Oil Company, one of the country's
largest, has this to say on cartels:
"This country cannot be cartelized in its foreign trade and free in
its domestic enterprise, any more than a nation can survive 'half
free and half slave.' Once we start to regiment through allocations,
price fixing and production controls, our activities in the foreign
field, we, of necessity, will have forced upon us by the government
restrictive measures upon operations falling wholly within the do
mestic field.
"Turning to the arguments advanced in behalf of the negotiations
of these super-state cartels, we find the contention that cartels are
a necessary device to safeguard industry and invested capital against
unfair and destructive competition and the wastes which result
from wide fluctuations in industrial activity—that they
permit the orderly development of industries and stabilize prices.
"Now all of that argument begs the question of what is best for
the general welfare. Like the League of Nations' definition that;
'Cartels are associations of independent undertakings in the same
or similar branches of industry established with a view to improving
conditions of production and sales,' it fails to state to whom the bene
fit or improvement accrues. The answer is obvious, since the pri
mary purpose of cartels is to restrict competition. Competition,
bringing better products at lower prices, benefits the consuming
public. So whatever restricts competition, in the long run harms
the public welfare. Price stabilization usually means the establish
ment of a rigidity designed to protect high cost and marginal pro
ducers. It destroys incentives for low-cost policies. Thus, cartels
operate against the smaller or relatively newer enterprises which,
through increased efficiency, are challenging the position of larger
and older enterprises when the latter have become waterlogged
through plant obsolescence and inefficiency."
serve to
TEXACO LEASES LARGE
OREGON DRILL BLOCK
SAINT HELEN'S, Ore.—The Tex
as Company now controls leases on
nearly 96,000 acres of logged off
lands in Columbia county, Oregon,
where it plans to drill for oil and
gas.
The company acquired the leases
ublic sale at which it bid
and 15 cents an acre a
at a p
SI 6,500
year rental for a five-year period.
There were no other bidders.
Expert, Experienced
OIL INSURANCE
Service and Advice
Workmen's Compensation
Oil Lease Bonds
All-Risk Liability
Blanket Fire insurance
Miscellaneous Coverages
"Call a Man in the Moon "
Write, Phone or Wire, Collect
MOON AGENCY, Inc.
Phono 6858
Groat Falk, Mont
SHORTAGE
"Boss, I must have a raise in sal
ary—three other companies are
after me."
"Name them."
"The light company, the phone
company and the water company.
RAY A. FRETZ
CERTIFIED PUBLIC ACCOUNTANT
GENERAL PUBLIC ACCOUNTING
OIL—MINING—TAX MATTERS
PHONE 88S5
41« Find National Bank Building
GREAT FALLS, MONTANA
The Sunburst
Badger Says—
CAN YOU BKAR IT?
Grandpappy
hillbilly who had a reputation for
being a man of few words, wandered
Into the woods one day and failed
to return for supper. Young Tolliver
was sent to look for him and found
Grandpappy standing in the bushes.
"Gettin'
"Yep."
"Time for supper, Grandpap."
"Yep."
•" "Ain't you hungry, Grandpap?
"Yep."
"Well, air ye cornin' home?"
"Nope."
"Why ain't ye?"
"Standin' in a bar trap!"
POETS NOOK
I shot an arrow into the air.
It fell to earth, I know not where.
I lose more damned arrows!
I
CORRECTION
"Have you a ladies' waiting room
in this station?"
"No, ma'am, but we got a room
for ladies that can't wait."
• • •
A girl likes a quick-witted lover,
because she doesn't want him to be
slow to grasp things.
• • •
Poe; "She's like an auto radiator."
Moe: "How's that?"
Poe: "She'll freeze up on you if
you don't keep her filled with
alcohol."
• * •
Sign on a slot machine: "In case
of an air raid, crawl under this
machine—it's never been hit."
Morgan, an Ozarks
k. Grandpap."
• «
* «
Farmers Union Central Exchange, Inc.
Refiners and Marketers
/
of
Quality Petroleum Products
For Cooperatives
MAIN OFFICE AND BLENDING PLANT
SOUTH ST. PAUL. MINNESOTA
REFINERY AT
LAUREL MONTANA
REFINERY OFFICE
BILLINGS, MONTANA
AN EXPLANATION
• • •
When you buy an oil royalty, you buy part of the oil
rights of the landowner. Oil royalties are transferred by deed,
and are recordable. Title is perpetual. Your royalty entitles
you to a certain percentage of all the oil and all the gas ever
produced from the acreage on which you buy, with no deduc
tion for operating costs. There are three general types of
royalties:
(1) On land on or adjoining that on which a wildcat is
drilling.
(2) On land near a discovery well, but ahead of drilling.
(3) On land on which producing wells have been drilled.
We specialize in the second type almost exclusively, be
cause we believe such royalty affords maximum opportunities
for profit.
For information, write
/
Landowners Royalties
Company
In Our Slot Tear
GREAT FALLS, MONTANA
Elk Basin
Lone completion of thé week in
the Montana portion of the Elk
Basin field was that of the Stcnollnd
Oil & Gas Company in Its No. 4 TP
Eugene Lissa. On test, this well Is
swabbing between 15 and 20 barrels
per hour. Carter is near a comple
tion In Its No. EA-3 Henderson, run
ning casing at total depth of 5411.
Top of the Tensleep was 5387. The
full field repeat:
IA4
c ab
NE NW NW *5-9898*
Running casing. T.D, 6411.
»TAMOLIND-DKNGLBK KO. 9
SWNWgWSMMflB
Drilling, 6298.
* IANOLIND-HLK A KO. iS
NW gw S5-98-23E
Spudded 4-12-46; drilling. 1900.
8TAHOUNB4 TT KUGSHE UHHLA
C NK SK NW 34-98-38*
Drilling, 8710.
sTAwo
C8W
LÎNO-4TP SCGK.VK
' SE SE 84-9S-23E
COMPLETION 4-26-45. Swabbing 15 to
20 BOPH.
8TANOUNB-TOOKKR KO. 8
NE8WSW 27-98-23*
Drilling, 4298.
EXPLANATION ACCEPTED
"Private Jones, you're an hour
late with those supplies."
"Yeah, Sergeant, out I picked up
a chaplain along the road and from
then on the mules couldn't under
stand a word I said."
G. B. COOLEDGE
Oil Field Surveying
Locations — Elevations
SUNBURST, MONTANA