Great Bend Tribune from Great Bend, Kansas • Page 12

Oil and Business News Page 2 Srat Bend Dairy Tribun Sunday, February Zi, Wit Wage Hour Probe Brings Out $154,444 WICHITA, Feb. 21 Back wages Contour Map Shows Lansing LAWRENCE, Feb. 14 What the surface of. Kansas might look like were all rock strata overlying the approximately 220-milllon-year- Dow Jones Tops 600; First Time in History explained that the restitutions rep. resented underpayments resulting from employers' failure to pay at least $1.00 an hour, or one-and-a-half times the regular rate for time worked in excess of 40 hours per week.

Both are required by the Fair Labor Standards Act, which observed Its 20th Anniversary during 1968. It applies to all workers employed In interstate commerce, old Lansing rocks suddenly remov totaling $154,444 were recovered for 1,058 workers in Kansas In 1968 as the result of investigations by the U.S. Labor Department's Wage and Hour and Public Contracts Divisions, aided in some cases by the Office of the Solicitor of Labor. Field Office Supervisor John V. Soppltt, who released the new tabulation today, reported aUo that 135 minors were found employed In violation of Child Labor provisions of the Act.

The Labor Department official of the Lansing outcrop area, except in a part of south-central Kansas. (The Lansing rocks, Pennsylvanlan in age, crop out in eastern Kansas In a several-mile-wlde belt from Kansas City, Wyandotte County, to Independence, Montgomery County.) The Lansing rocks are ah important reservlor for oil in central and western Kansas, and what the contours, drawn at 50-foot intervals, reveal about the structure on the formation can be especially useful to oilmen, Many electric and radioactivity logs, sample logs, drillers logs, and other data -from many wells were examined and interpreted in determining the structural contours on top of the Lansing; locations of these wells are indicated on the map. Sea-lever datum Is used, and according to the contours, the Lansing lies between 4,000 and 5,000 feet below the surface In western Kansas. Tho map is printed in. three colors brown for the base, for the ed is shown on a structural contour map recently issued by the State By WALTER BREEDE JR.

NEW YORK (AP) Tile econ Two attractions lured shoppers Into the nation's stores this week widespread February olearance sales, and the nearness of Easter. Geological Survey, University of or in the production of goods for omy's robound from recession showed new signs of vigor interstate commerce. "The vast majority of employers week. Tho holiday falls on March making It the 'earliest Easter eight years, Steel ana auto production climbed briskly; rail and truck cooperate readily with our investigators," Soppltt said. "Only rarely Is it necessary to resort to legal action." The early Easter and a good Inventory position resulting from Kansas.

"Preliminary Regional Structur-al Contour Map on Top of tho Lansing Group (Pennsylvanlan) In Kansos" by Daniel E. Merrlam, Richard Wlnchell, and William R. Atkinson, has been released by the Survey as Oil and Gas' Investigations No. 10. Alpost all the state is included, as the Lansing rocks occur everywhere freight traffic maintained an up ward trend.

the Christmas shopping surge promised good business for many contours, and green for oil and' gas fields. Copies of Oil and Gas Investigations No 10 may be obtained for 50 cents a copy from. the State Geological Survey, University of Kansas, Lawrence. railroad terms, a "slioo-fly" retailers In the weeks ahead On Automobile Row the Stock prices soared through the roof. Both The Associated Press average of 60 stocks and the Dow Jones avorage of 30 Industrial shares racked up now record track Is a temporary track built news this' week concernod a flurry to detour trains while the per of reports that one or more of De under the Kansas surface west manent line Is being repaired.

trolt'a Big Three are on the verge highs, For tho first time in his of Introducing a smaller economy tory the Dow Jones Industrials topped 800. auto. The entry of General Motors Only 6 More Days- Meyers February Sale Ford and Chrysler into the small car field this year would mean Stock sales hit 18,504,770 shares during the week compared to shares In the week before and 0,201,349 In tho same 1068 high powered competition American Motors and Studebaker week. Bond sales In the latest week who, among S. producers, have had the market pretty' much to totaled $32,280,000 against $30,660 000 for tho previous week and $22 R.

J. (BLACKIE) OSBORN, formerly district superintendent here for the Sinclair Pipe Line company, above receives a Sinclair 40-year pin and an engraved gold wrist watch from H. J. Amend, company vice president. Osborn joined a Sinclair predecessor as a laborer orvdan.

2, 1919, at Pawhuska, Okla. Since 1922 he has advanced through numerous supervisory assignments to the position of district superintendent at Gtieat Bend. At present he is district superintendent in Sinclair Pipe Line company's East Texas district at Arp, Texas. themselves. It could also put competitive squeezo on some tho midget foreign Imports.

874,500 In the corresponding week Top Quality High Style Low Cost famous LEES a year ago. Increased gasoline mileage, and low Insurance upkeep costs, were Earnings reports of blue chip corporations showed sales and cited this week as the chief econ omy features of the Big Three's earnings at the end of 1058 bound lng up from their recession lows new "compact" cars, when and if Gross national product the government's yardstick of the sum they hit the Prices, De troit sources said, would probably total of goods and services produced hit a record annual rate not be much lower than those Wildcats in Stafford, Ellis, Barber Counties Tap Oil, Gas some stripped-down conventional of more than 253 billion dollars in the final 1058 quarter and, Judging from the available Indicators, It models. Briefly over the business scene Record 1058 earnings were re was still climbing this week, ported by the American Telephone swab test of 45 barrels of oil in one hour at the No. 1 Nlelson, se nw sw 28-11-16, Ellis County Meanwhile inflationary forces Telegraph Bell System, by General Telephone and Petroleum, has a promising wildcat strike in Stafford County at the No, 1 Belote, ne ne sw 32-24-13. The Lansing was called at 3,643 feet and a drill stem test from 3,838 to 3,010 feet, tool open- one hour, had gas in 36 minutes, re The Arbuckle was called at 3,328 Reynolds Tobacco Co.

General Motor's profit last year was down 26 per cent from 1957, but coming up a good clip in the last quar feet and production casing cemented at 3,400 feet, total depth, Operator perforated from feet, and from feet, acidized with '600 gallons, and swabbed 45 covered 3,300 feet of gassy oil and Now you can enjoy a handsome carpet of 100 Selected Wools the world's finest all around carpet fiber! High-low looped pile Long wearability Will not show footprint Easy to keep clean LEES Leclair is styled for interiors of any period in a wide selection of fashionable colors. For assurance of truly fine carpet, made to give long lasting beauty, choose Leclair by LEES. Only ter. Director of Colgate-Palm olive Co. recommended a three for-one split of the common stock tho first in the soap company's 96-year history.

New car sales In the 10 days of February barrgls of oil the first hour, 28 barrels of oil the second hour and bottom hole pressure was 1,100 pounds. Drilling continues. Garvey Drilling company's tools are making the hole on a farm-out from Magnolia Petroleum, and Burch Drilling and Sunray Mld- were up 23 per cent from the cession lows of Fobruary 105B. Bills tossed Into the legislative hopper In Washington this week Contlnent Oil are supporting. It Is one mile northeast of production In the Seevers-NW field and west of the abandoned Glasscock pool.

Hit in Barber County would leglallze "fair trade" form of compulsory price fixing National Cooperative Refinery as continued to mark time. Living costs In January advanced a slim one-tenth of one per cent. If It hadn't been for a modest rise In food costs, the government's Index of what It costs you tp(llvo would have dropped a little, The upward trend In food expenses, plus a slight rise In tho cpst of heating fuel, modlcal and ront, more than offset a downturn In prices of home furnishings and clothing. Take-homo pay of factory workers was the best for any January on record $78.60 a week for a worker with three dependents after allowing for the Increased Social Security tax. Personal Income of Americans as a whole edged to a now rocord high In January an annual pace of more than 362 billion dollars.

Unemployment wont up, but so did tho lncomo Amorlcans received from rents, royalties, partnerships, divldonds, salaries and wages. Dividends made a particularly good showing. Merchants had causo for cheer this week. Easter buying spurred sales of spring hats and fashion accessories, although the temperature In some areas hovored around zero. Department store sales across the country in the week ended Feb.

14 topped last year by eight per cont. 95 sq. yd. by manufacturers in all 49 states and keep auto momifacturers out of tho auto finance business, Platinum prices wore raised this week for the first time in more than -two years. Steel' production this week, estimated at sociation and Murfln Drilling have cemented production casing, at feet, after drilling to a total depth of 4,706 feet, on the No.

1 Weede, nw nw so 6-30-14, Barber County wildcat. 41 barrels of oil the third hour. Pumping equipment Is being Installed. Tom-Kat's tools cut the hole, located in the northeast corner of tho county, three-fourths of a mile southeast of production in the Potter field and three-fourths of a mile southwest of production In the Chrlsler-S field. Burch Drilling reports tools drilling below 3,430.

feet the No, 1 Kuhn, nw ne nw 5-14-16, promising Ellis County seml-wlldcat tost. The Lansing was called at 3,207 feet, and a drill stem test from feet, tool open one hour, recovered. 010 feot of gas, 90 feet of very heavy oil and gas cut mud, 308 feet of oil, and bottom hole pressure was 040 pounds. Burch Drilling's tools are cutting the hole and C-G Drilling is supporting. It is in the eastern part ol the county, one-half mile southeast of production In tho Herzog field.

000 tons, was the highest in almost The Marmaton was called at two years and within klssln' distance of a record. Tho Federal Trade Commission is taking steps 430 feet, and a drill stern tost from feet, tool open one hour, recovered 900 feet of gas, 30 feet of heavy oil cut. mud and 60 feet of oil; bottom hole pressure was head off gasoline price wars. The Navy has asked Lockheed 120 pounds. Murfln Drilling's tools cut the hole.

Aircraft Corp. to convert a commercial Electra transport plane tlno a submarine hunter-killer, National Homes Corp. says It produced one of out of every 40. hous It is located in tho northern part the county, two and one-half miles west of the Eads pool. Shows In Arbucklc es built ift the United States last year.

All were pre-fabrfaated, Tomllnson-Kathol, had a THIS WEEK'S CARPET SPECIAL REMNANT SPECIALS orporations Very Quiet Week Made Less In In Kansas Fields ALL WOOL WILTON Beautiful high-low pile Choice of beige, MT QE? rose-beige, green. 20.00 It was as quiet In Kansas oil and gas fields the past week as anytime this year. Only 87 new starts were reported and 57 tests completed, about 10 fewer on both counts than the previous week. sq. yd.

Reg. 9.95 sq. yd. Barton County recorded four of '58; '59 Up NEW YORK (AP) A drop In earnings in 1058 is being reported today by two out of three American corporations. But In the majority of cases the decline was, reversed- or trimmed substantially in the final months of -the year.

The current first of 1950 seems sure to stack up notable gains as compared to a year ago when the recession's onslaught on profits was at its' So far 770 corporations have reported on net Income after taxes in 1958. Combined, their earnings, are 14.4' per cent lower than In 1067.. Declines are shown by 430. thestarts and two of the completions, which was also behind the local average, Fourteen of the state's new tests AS ADVERTISED LARGE GROUP OF TABLE LAMPS Your Choice $coo were In wildcat areas, with two each In Stafford, Graham and Cowley counties. Other counties report You will be happier with those heavenly carpets by LEES ing new wildcats were Barber, But ler, Edwards, Ellis, Harvey, Marlon, Morton and Rooks counties.

by Arthur Godfrey Included in the completions were 10 oil wells good for 2,088 barrels one gas well making There are 30 reporting a net In 1968, against 23 in 1057. 000 cubic feet of gas dolly, and 37 dry holes. Combined the 770 report profits of compared with Barton County's starts Include: Drilling and Bell Oil Gas No. 3 Rude e2 se ne. 2- 16-13; Cooperative Refinery assoc BEDROOM SUITE Solid Maple Triple Dresser nnd Bookcase Bed.

Solid Brass Hardware. iation No. 2 Brlzer' e2 sw SW $10,730,080,000 made by the same companies In 1967. This Is only a sampling of all corporate profits. When final figures are in a couple months hence, total' U.

S. corporate' profits are predicted to be around-36 billion dollars. 18-12; Jay Bergman Oil Co. No, STUDIO COUCHES Deep Coll Spring Construction Solid Lime Oak Arms Green Tweed or Red Acetate Covers. REG.

509.50 3 Schmidt, sw ne sw 3-20-11; and K. Parrlsh No. 3 Lyda, sw ne sw GOOD PAYING JOB Steven Carter, right, 19, checks through a file in the office of his father, Rep. Steven V. Carter, loft, Democrat from Iowa, where he is on the gov-, ernment's payroll at $923.48 per month.

In addition to working in his father's office, where he handles the Congressman's public relations, the younger Carter attends 'college in Washington. REG. $219.60 The two Barton completions were It was an up nnd down year both dry holes. They are Alpine Oil Brown, sw nw se 28-20-12, 50 186 In the Chase-Silica pool; and Sterling Drilling No. 1 Maybach, n2 nw nw 24-20-14, in tho Moses pool.

for profits, in the first three months of 1968 they were running at an annual rate of less than 32 billion dollars, In the final three months of the year the pace had qulokened to an estimated 45 billion annual ijate. Profits are 'expected to rise helpful, but there appears to be general agreement by the cabinet committee and others who have studied this problem that the program Is now Inadequate," Ask Immediate Import Limits WASHINGTON AP -Sens. Andrew Schooppol (R-Kns) and Gor nates Scouting In 67 nations. still further as 1069 progresses. COSCO SOFA All steel wrought Iron "frame.

Coll spring cushions. Coral and brown print cover. REG. $100.95 BUTTON-FREE mattress DINING ROOM CHAIRS One or two of a kind no sols discontinued covers and framcfi. Blonde mahogany or walnut.

VALUES TO 518.95 Coo a groat presentation J. P. Shanley, New York Timet I just hope that everyone saw it Paul Molloy, Chicago Sun-Time don Allott (R-Colo. have urged President Elsenhower to press for quick and effective limitation or petroleum Imports. in a wire Jointly roloased, they said dolny of decision by the spe i Hundreds of resilient coils no bumps or lumps YOU SAVE Crush-proof, pre-builf borders NOW I Vented sides strong handles cial cabinet committee is having serious effect on tho economy of 49" MD INTERNATIONAL SUNDAY 4 P.M.

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production and solve the problem. They added: i "The voluntary program which you established la 1057 aa been All Sales Final No Refunds Exchanges or Approvals-Sale Ends Feb. 28th 8:30 p.m. presented again by request. SMITH KLINE FRENCH LABORATORIES pioneering in pharmaceuticals for better health MD INTERNATIONAL it presented in cooperation with the American- Medical AtsociatUm Bank Rate Credit Terms Great Bend 2020 Broadway Phone GL 3-3351 Ne wspaperR I Ne wspaperA BCH! VEc.