Montana oil and mining journal. [volume], December 28, 1946, Page Page Two, Image 2

About Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953

Image provided by: Montana Historical Society; Helena, MT

                
Montana Production, Income
Remain At Near-Record Level
Montana's production and its income from industry, finance and
commerce, while generally slightly under the 1942 production peak
and the 1944 income peak, has continued at near record level, far in
excess of the 1930's, the tenth annual edition of "Montana's Pro
duction" discloses.
Prepared at Montana State university by Dr. Roy J. W. Ely of
the department of economics, the report reveals that income pay
ments. despite a slight drop from the 1944 total of $549,000,000,
actually were greater for all groups in 1945 except in the bracket
of proprietor's income. The 1945 total for all groups—$539,000,000.
4
Net and wages
labor income increased from $306,
000,000 in 1944 to $319,000,000 in
Î945. and dividends and interest in
creased from $40,000,000 to $43,000,
000. Proprietors' incomes, however,
dropped from $203,000,000 in 1944 to
$177,000,000 in 1945, the report
shows.
Total income payments to all
croups in 1930 was only $271,000,000
and dropped further to $162,000,000
in 1932, less than one-third of the
1945 figure.
An index of physical production,
covering mining, lumbering and ag
riculture and based on the 1935-39
period as "100,"' shows a low of 78
in 1931, a climb to 146 in 1942, a
decline to 139 in 1943, followed by
an increase to 142 in 1944, the last
vear on which over all information
is available.
Annual agricultural income in
Montana from cash marketings was
$95,837,000 in 1930, dropped to $46,
813.000 in 1932, rose to $96,472,000
in 1940 and $266,156,000 in 1944, and
decreased to $242,560,000 in 1945.
Annual mining income of $50,000,
(XX) in 1930 drooped to $17,100,000 in
1932, rose to $80,500,000 in 1940 and
$96,681,600 in 1942. and decreased to
$89,479,000 in 1944.
Lumber production in 1930 of
293.335.000 board feet, value $6,414,
(XX). dropped to 112,187,000 board
feet, value $1,549,000 in 1932. then
swung upward to 433,089,000 board
feet, value $11,706,350. in 1942; 423,
520.000 board feet, value $12,696,000
in 1943, and 448,498,000 board feet,
value $14,297,000, in 1944.
Population figures contained in
the report show a climb from 537,
606 in 1930 to 559,456 in 1940, a drop
to 470,033 (U. S. department of com
merce estimate) in 1943. and an in
Montana
people
ask for
*
Montana
produced
Montana
refined
Home Oil & refining Co.
Refinery and General Offices—Great Falls, Mont
T
crease again to 547,800 on July 1,
1946, on the basis of state unemploy
men compensation commission fig
ures.
Montana's population, predomi
nantly rural, showed a slight shift
from country to city, with 66.3 per
cent in the rural bracket in 1930
and 62.2 percent in rural areas in
1940, the report revealed.
The report gives a statistical sum
mary of all major farm, lumber,
mining, industry, finance and com
merce activities in Montana from
1930.
Royalty Concern
Issues Dividends
CODY, Wyo.—Dividend checks to
taling 5 percent have been sent
this week tQ stockholders of the
Eureka Royalties Corp., with head
quarters here. This makes a total
of 20 percent paid by the firm dur
ing 1946^
A new oil-powered machine cuts,
chops and loads green hay in a
continuous operation.
*
Havre Merchants Association
Credit Reporting
Collections
Loans
We Cover North Central and
Northeastern Part of Montana
SOS Maaonle Tempi« BilMlnf
Harre, Moat. — Phone *75
Member of Aaaociated Credit Bareaaa
of America
Giant Firms May
Join In Big Deal
In what financial circles classify
as one of the largest oil deals of
all time. Socony-Vacuum Oil Com
pany and Standard Oil Company of
New Jersey are reported about to
acquire a 40 percent interest in the
famed Saudi Arabian oil concession.
The deal, scheduled for completion
early in 1947, will make these com- ■ ■
panics partners with the Standard
Oil Company of California and the
Texas Company in one of the
world's most fabulous oil conces
sions. covering more than 350,000,
000 acres.
NEED FOR VIGILANCE
IN '47 CITED BY HARDEY . .
A timely word of warning to independent oil men is
sounded by B. A. Hardey, president of the IPAA, in the
current issue of the IPAA monthly.
Says Hardey, in part: . •
"It has been remarked that with the political swing that has
taken place in our national government, industry in general will
have greater security, more advantages, less domination. It was
inferred that problems of the petroleum industry would be less
pressing. It has also been remarked that the death of OPA has
lessened the problems of the oil producer and the Industry as a
whole.
degree of optimism accredited
The petroleum industry has
"There should be no particular
to either of these circumstances,
entered a period of convalescence. War, depressed prices and
shortages—among other ailments—are not so easily overcome.
The road back to complete health must be carefully guarded.
"Many of the public feel that industry in general has been
fighting the New Deal. Actually, this is not true. Industry has
been fighting those philosophies and principles that were con
sidered contrary to the best interests of the nation. In the oil
industry we have been devoting our energies to solving the prob
lems of the industry in obtaining the future that members of the
association realize to be for the best interests of the public, as
well as those actually engaged in the industry. Now that some
of our objectives are near attainment and we can again roll up
our sleeves ahd get back to our job of developing new oil, we
must not allow ourselves to be lulled into a state of inattention
as to our other problems.
"The import situation is very much with us. The threat of
federal control through FPC has in no wise been alleviated. The
problems of the gas producer, the secondary recovery operator,
stripper well owner—not to minimize flush production prob
lems—these and others are still with us and their proper solution
must be crystallized.
"We must continue to develop an awareness and appreciation
in the public mind as to the oil industry and its structure. We
must maintain an informed congress oh oil matters. We must
remain objective in our views on intra-industry problems. We
must anticipate, if possible, those presently unknown problems
that are bound to confront us in the months ahead.
"The 'green light' is now on but traffic from around the corner
must not be optimistically ignored."
the
This advertisement is one of a series, sponsored
by Montana independent oil producers, to acquaint
the producers with facts vital to their welfare, and
from time to time to acquaint the public with some of
the problems now confronting this vital Industry.
These advertisements win be continued throughout
im
Important Announcement:
IMPROVED BRANSFORD MAP: This 50 by 36-inch map shows
every wildcat ever drilled in Montana, designates the section in
which It was drilled, gives total depth, and by symbol indicates
whether it was dry or showed oil or gas.
IN ADDITION, this map has now been altered to include a
correlation of Montana, Alberta and 'Saskatchewan range numbers
along the entire Montana border.
map gives outlines of all Montana
of ail principal anticlines, gives
oil and gas fields,
county and town
ALSO this
shows location
ship boundaries, and names county seats.
PLUS two cross sections showing geological formations in two
areas, one extending from Glacier Park to Bowdoin dome, the other
taking in the section eastward from the Elk Basin field through
the Baker-Glendive anticline.
Information on this map is CORRECT. Every well shown on
the map has been checked against the log records of the Montana
Oil Conservation Board.
AND FINALLY, this map is corrected and brought up to June,
1946. It may be seen at our office. Price $5.25 for papef, $8.75 for
map with linen baricing.
MONTANA on. JOURNAL
Supply Department
P. O. Box M60
Great Falls, Montana
US Pint A venae South
Dunkirk WiMcot
Reported At 850
Wildcat of W. A. Noon on the
Sheets lease a few miles southeast
of Shelby is reported drilling past
850 feet. National machine was re
cently installed at this well
Toole County
Abstract Company
LICENSED BONDED
AB8TBACTEB*
MONTANA
SHELBY