Pampa Daily News from Pampa, Texas on June 14, 1936 · Page 14
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Pampa Daily News from Pampa, Texas · Page 14

Pampa, Texas
Issue Date:
Sunday, June 14, 1936
Page 14
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THE PAMPA DAILY NfeWS, Pfttnpa, Te*&8 SUNDAY MOftN'ING, JUNE 14, 1936 OIL HEWS - • From Panhandle and Other Southwest Fields NEW ACTIVITY PEAK FOR RECENT WEEKS REACHED Sixteen new locations were made in the Panhandle last week to reach n new peak for the last few months. Gray led the list with seven. Wheeler had five, Hutchinson had 3 and Moore had one. The locations were in widely different parts of the various counties. intentions to drill were filed as follows: Alma Oil company, Stanolind- Johnson No. 2, 330' from the south and west lines of W 1-2 of N E 1-4 of section 47, block 24, H&GN, Wheeler county. 0. A. Lupton, Stewart No. 1, 330' from the north and west lines of section 73, block 13, H&GN, Wheeler county. Harry Stekoll, Dial-Martin No. 4, 330' from west and 2250' from the south of section 36, block M-23, TC&RR, Hutchinson county. Timms-Robinson Oil Corp., E. J. Moore No. 2, 38G.4 from the north and south and 1610' from the' west of N W 1-4 of section 21, block M-21, TC&RR, Hutchinson county. Texas Interstate Pipeline Co., Brown No. 1, Senter of section 36, block 6-T, T&NO, Moore county. Skelly Oil company, D. E. Johnson No. 22, 330' from and 090' from the south of SW 1-1 of section 47, blOck 24, H&GN, Wheeler county. Skelly Oil company, (Henry) Schafer Fanch No. 76, 1265' from the south and 2179' from the west of S W 1-4 of section 172, blocl: 3, I&GN, Gray county. Skelly Oil company, (Henry) Schafer Ranch No. 76, 1265' from north and 1265' from the cast of 5 E 1-4 of section 172, block 3, I&GN, Gray county. Skelly Oil company, Cal Merchant No. 1, 330 : from the east and 9020' from the north line of section 39, block 47, H&TC, Hutchinson county. Smith Brother Refinin company 6 Hanlon-Buchannn, Inc., D. E. Johnson No. 6, 330' from the north arid 2970' from the west of section 34, block 24, H&GN, Wheeler county.' ' Pampa Production co., Lee Harrah No. 7, 330' from the east and 990' from the south of section 150, block 3, I&GN, Gray county. Gulf Oil corp., S. Faulkner "A" (Tr. A) No. 4, 330' from the north and 990' from the east of S 1-2 of section 33, block B-2, H&GN, Gray county. Gulf Oil corp., E. G. Barrett No. 4, 990' from the south and 330' from the east lines of S W 1-4 of section 128, block 3, I&GN, Gray county. 'Smith Bros. Refg. Co. & Hanlon- Buchanan, Inc., R. L. Harlan C-2, 330' from the north and west lines of E 1-2 of S W 1-4 of section 49, block 24; H&GN, Wheeler county. Champlin Refining Co., D. J. Mc- Laughlih No. 11, 330' from the south and 900' from the east of section 33, block B-2, H&GN, Gray county. Gardner Bros., E. G. Barrett No. 3, 300' east of the west line and about 340' from the north and south lines of Section 128, block 3, I&GN,'Gray county. (This is the south 85 acres) 2,022.6' west of well No. 2. Oil: Monument to Pioneers Sergeant Leeper is a parachute jumper at Maxwell field field, Montgomery, Ala. '4ooo 30OO esoo SI NCE TE-3CA.S CAL.' TEX OKLI RUSS HEX VEK- CD-R :F OR^E IC3-tt , JStATIOYl, CA-L.1TOR"N T A. W OF 13 T r 3< AS .' 5TJVRT IA ICQ ^ R . RUH- AUtft OHIC ies7 re&o ieG>o W.YA S MARKET Jf 14 / r> ^>- y jL .1^-^ Jr »-• V -.-Jr-T th 2S) •4^'V, • A A ^ab^t H _' RODEO,4.3-4 E-XAS! :o cfeo t PRICED: Kit faes— *u . •€>VI?B r an PICNIC MOUNPJ NEW YORK, June 13. W)—The stock market wagon today rolled back on the recovery road. With the principal motive power furnished - by utility, rubber and specialty issues, gains of fractions to 2 or more points were recorded over a broad front. While foreign affairs still had their depressing fcjiturcs, domestic industrial news brightened the trading aspect considerably. The Associated Press average oi GO stocks hela a net advance of A of a point at 62,9. The index waa off .6 yesterday. Consolidated Edison led the power group with a gain of a point at 35'ii. North American was up as much at 28"s and fractional improvement was shown by Columbia Gas at 20'5, United Corp. at 7V, and Public Service of New Jersey at 457£. Am Can 1 129 Am Rad 27 fclVi 21!.; 219s Am T&T 5 168 :l i 167^ 168% Anac 9 34Vi 34 34Vi AT&SP 9 73V, 72"i 73Vi Avia Corp 7 5','.; 5':' s 5 : !i Bald Loc 8 3'.-i 3',-i 3Vi B & O 20 18'a 18 18V 2 Barnsdall 10-16 ; 's IST-s 15;i Bendix 5 28' s 27 : M 28 Beth Stl 6 53 ; ?i 52 1 .-. 53% Chrysler 49 97'.i 96 U 97'i Cotnl Solv ... 10 16H Comw Sou .. 23 3li 3' s 3Vi Gen Mot 45 64 "i 64 64'!i Gen Pub Svc 6 4'H 4% 4-', Goodrich 63 20 r ;i 19M1 20'.i Goodyear 13 25 U 24',4 25',s Int Nick 14 47T' S 47 r ;« 47 : )i Int T&T .... 14 14 13% 13% Kelvin 2 19'/ 2 Kennec. 1 38"s 38!£. 38!'' M Ward .... 26 45 44% 44T's Nat Dairy 8 24=1 24!i 24!i Nat Dist 4 26',;; Packard 23 I0=i 10 : .'i 10% Penney 6 85 Penn RR.'.... 22 3H& 30 1 /. 30% Phil Pet 2 40";' s Pub SVC N J 21 46 45 45 "a Radio 142 12-;i 12'i 12!i.. Repub Stl .... 5 19^ ID'.i 19% Sears 9 75',s 74'i 75 Soc Vac 41 12", 12vl 12 : ;i S O Cal 4 35% S O Ind 16 34 Vs 33 1 /. 34 S O N J 10 57 Vi 57'4 57 Vi Stuclebaker ., a 11% ii'/i 11% Tex Corp 11 31','1 31-;.s 31". U S Rub .... 20 23 28 28% U S Stl :... 48 62li 61% 62!i New York Curb Stocks Cities Svc 25 4',i 4V! 4V> Elec B&S 88 21 Vi 20% 21 % ***: KANSAS CITY LIVESTOCK KANSAS CITY, June 13. (/Pj— (ITSDA)—Cattle tiade at midwest- ern markets this week was featured by a fairly broad demand for good to choice light yearlings scaling under 900 Ibs at steady to slightly higher prices. Good to choice medium weight and heavy steers quotations are the lowest of the season. The movement of grass cattle start- in a small way, the supply including several shipments of grass slaughter steers from South Texas and Oklahoma. Demand at eastern dresse^d beef markets centered upon the lighter weights. Country demand for .slackers and feeders was less active. No material change was registered in sheep values. The week's receipts were 9,000 under last week. Weight was a factor in the hog market this week. Averages 250 Ibs down arc .steady lo 15 higher as compared with last Saturday, while heavier weights arc weak to as much as 25 lower. St. Louis had a closing top of 10.25! «M» Continental Has Oil Test Gadget PONCA CITY, Okla., June 13 — A simple, five-minute film strength and olliness test for auto lubricants, long sought by oil men, has been perfected here by members of the technical staff of the Continental Oil company, it was announced today. The test is made by a pocket- size device closely resembling a household nut-cracker. A stock pin and bearing are lubricated with a given oil and placed in the "nutcracker" jaws, on which accurately measurable pressure can be exerted. The maximum pressure under which the pin can be turn smoothly in the bearing is taken as the measure of the film strength and oiliness of the oil. Continental spokesmen said, extensive "nutcracker" teats in the laboratory have shown wide varia- By H. J. STRUTH Petroleum Economist If all the oil produced in Texas to date was placed in barrels of 42 gallons each, and stacked in a single perpendicular column, it would make a monument 2;800,000 miles high! Such is the imaginary monument that stands in Texas today as a tribute to the hardships and courage of the "wildcatter" Who made it possible for Texas to lead the world in oil production. Analysis of the world's oil production statistics, by the Mid-Continent Oil 1 and Gas Association of Texas, shows that Texas has, with one exception, produced more oil than any other state 01' foreign nation. Since 1889, TcxaS'has pro'dueed 4,200,000,000 barrels of Cl'tldc oil, which Is 15 per cent of nil'the oil produced in' the history of- the world! Only California has produced more, and there oil was found 13 years before the first well was drilled in Texas. The accompanying chart shows how Texas' cumulative oil production ranks with other major sources of the world's oil supply. The black column on the chart may well be termed a monument to the courage and determination of the pioneers of the Texas oil industry. It signifies the pioneering spirit so colorfully written in the pages of Texas history. For the "wildcatter" is truly the pioneer of the oil industry; the "Independent" oil producer, who often stakes his all in the possibility of obtaining an oil well, and accepts his fortunes and misfortunes'with the spirit that has characterized the empire builders Of this great state. While the efforts of the "wildcatter" have undoubtedly been the "back-bone" of Texas oil developments, yet, the uncertainties of that method imposed such great cost upon the industry that the field of geology and geophysics was called upon to help reduce the tremendous financial hazards. Today, all over this state, these technical men are making scientific study of surface foimations in an effort to locate more accurately hidden oil deposits. Even with these modern methods, this scientific study : involves a heavy, constant overhead cost against the industry—oftentimes the discovery of a new oil pool follows years of intensive preliminary study, frequently involving the expenditure of hundreds of thousands of dollars. Today, there are more than 4,000 "Independent" oil operators in Texas, in addition to the co-called "Major" companies; all of them still pioneering to maintain the continued leadership of Texas as the world's principal source of oil supply. Much more oil may yet be discovered in Texas in many counties where the drill has hot yet penetrated the "Pay" sand. More and more Texas farms are being- leased for such development in practically all sections of the state, with rebounding benefit to the landowners—to say nothing of the benefits that accrue to the state, the counties, the schools, the cities and the people, when oil is brought into production. Yet, there are someunthinking individuals who would discourage these pioneers and empire builders of Texas by threatening to increase the tax burden of this principal industry of our state, which already pays sixty per cent of all the taxes collected in Texas. Today, after having produced nearly two and a quarter billion barrels of -oil; Texas still has a proven reserve supply, yet lo be produced, amounting to five and one-half billion barrels; half"of the prospective production of the United Stales. This, too, is credited to these hardy pioneers who had the courage to drill for oil where the chances of opening up new underground reservoirs of oil were dimmed by previous records of failure after failure. In fact, many of the existing oil fields in Texas, including the now famous' East Texas field, were discovered only after repeated failure of the "wildcatter's" drill to penetrate the "pay" sarid. These reserves will continue to be developed, with increasing benefits to Texas and its people, if unreasonable, discriminatory tax schemes are discouraged by the sane-thinking citizens of Texas. tions in the load-carrying capacity of commercially branded oils, and have thrown new light on the performance of the so-oa,lled "alloyed" oils. Methylichlorostearate, a synthetically prepared substance used In the blending of one of the commercial alloyed oils, is said to have set up a film which gave ho Indication of "grabbing" at the maximum "nutcracker" pressure of 9,000 pounds. ;' • . The testing device, it was said, is being distributed to all company servlbe stations so thf»t motorists may experiment with it. ILLS HUE TESTED IN US HELD FIVE PRODUCE CRUDE OIL; TWO GOOD GASSERS Seven more wells were tested in the Panhandle field last week, 5 of them being oil wells and 2 gassers. Oil wells added 1,950 barrels to the daily potential production of the field. Gas wells made 98,432,000 cubic feet of gas dally. Four of the live oil wells were in Gray county. Of 16 first announcements for the weak, 7 were in Gray county, 5 in Wheeler, 3 in Hutchinson, and one in Moore county. The completions were as follows, as tested by the Railroad commission: Gray County iCewanee Oil & Gas company No. D-5 Morse, section 16, block A-9, H&GN survey, tested 284 barrels daily. Total depth' Was 2,593 feet' 'in little, with pay at 2,535-73 feet. A 'shot of 400 quarts was-iised. • l John J. and W. J. MOran No. 2 L. Holmes, section 86, block 3, I&GN survey, tested 587 barrels daily. Total depth was 3,190 feet, 'with pays : at 3,095-3,100 and 3,183-89 feet. Shell Petroleum company No. A-l Gethihg, section 14, block A-9, H. & G/."N. survey, tested 358 barrels daily. TotaT depth was 2,742 feet in lime, with pay 2,634-2,t40 feet. Dyck 'Oil company No. 3 L . C. McCOhnell, section 187, block 3, I. & G. N. survey, tested 383 barrels daily. Total depth was 3,291 feet, with pays at- 3,210-18 and 3,181-85 feet. ' , Hutchinson Comity Texas company' No. 11 Lewis, section 18, block L; E. L. & R. R. survey, tested 328 barrels daily. Its total depth was 2,980 fet in lime. Pay was shot with 500 quarts from 2,890-2,980 feet.. Gas completions included Palmer et al No. 1 Smith, section 126, block 23, H. & G. N. survey, Wheeler 1 county, which did 72,672,000 cubic fet daily with 265 pounds rock pressure, and Huber Petroleum company No. 2 Sanford, section 75, block 46, H. & T. C. survey, Hutchinson county, which did 25,760,000 cubic feet daily with 195 pounds rock pressure. Oil Scholarship AUSTIN, June 13.— An offer made by the Shell Petroleum corporation through T. E. Swigart of St. Louis, vice president of that company, of a $600 annual scholarship to be given to' some student in petroleum engineering at the University of Texas has been accepted by the Board of Regents of that institution. In announcing its acceptance of the gift the board expressed to MivSwigart and the Shell Petroleum corporation its appreciation of this manifestation of the interest which the donor has in the work that the University is doing in training men along scientific lines for the petroleum industry. The results which the departments of petroleum engiineering, geology, chemistry and physics are accomplishing in the matter of equipping young men of Texas for positions in the various phases of oil operations are attracting wide attention on the part of men coii'- nected with the industry, it is stated by persons who are familiar with wha't has' been and is being done along these scientific lines at the 'university. The new scholarship is available for the 2936-37 long session. 'Town Boy' Has Fine Wheat Crop CANYON, June 13 (fPj— A "town boy" who moved to a farm in May, 1935, boasts one of the Panhandle's finest growths of wheat in his first crop. He is Irvine Doss, 29, who farms on a Randall county ranch owned by an uncle, P. P. Doss of Weslaco. "He had never even planted a row of beans before moving to the ranph last year," said Doss 1 father, B.' M. .Doss, of Am'arillo, tyho advised his son in the farm operations. Doss' wheat yield is expected to average more than 20 bushels to the acre; ' The young farmer said he took over a place that had not produced i crop in five years. He attributes lis successful first, crop .to deep plowing, early planting and use of ligh grade seed. "We paid a premium to get the sest seed on the market and gave t the mercury treatment for rust," Doss said. "I had my crop planted iefore September 15." Ex-Premier Sells 'Mixer.' CHATELDON, France "(#)— Pierre L,aval, ex-premier, has formed a company for bottling the water of a spring here in Chateldon, his. home lown. The water is recommended for the itch, Laval says, and also goes well' with whisky. Automobile Loans Snort and Long Term* KM Small a Large ! 35 CONSERVATION OF GAS SAID TO BE CHALLENGE TO WHOLE STATE-FUTURE IS INVOLVED Waste May Be Regarded In Future In Same Light As Devastating Flood BY EUWEIl H. JOHNSON, Imfnlsrial Geographer Bureau ot Business Research, University of Texas For n period of several years Texas has been the leading producer of natural gas. Not only has natural gas production in Texas been high but waste of this non- replaceable natural resource has been great. And though production and waste" in the world's largest gas field, that of the 1 Texas Panhandle, have attracted wide at- tneion. It should not be forgotten that other oil producing fields in Texas also produce natural gas and that in them waste also occurs. The important point to note, however, is that large natural gas reserves occur in Texas; and if property conserved, these resources will be of great significance In the further growth of Texas industrialization. '' T6b much emphasis can hardly be 1 ' put upon the economic significance of natural gas in Texas to the future of the State. For instance, although natural gas as a fuel is highly prized by many industries it is particularly prized by certain ones such as glass and ceramics. Had it been possible to conserve the natural gas blown into the air in Texas during the past fe'w years such fuel could have been used to support an appreciable portion of power-using establishments in the Middle West and 'the Northwest'.' .To conserve properly this naturql heritage constitutes a challenge to Texas citizenship. To use economically this great fuel resource in the future constitutes likewise a challenge to Texas industry. For natural gas is Unmistakably one of the basic features^ 'Upon which a substantial 'part of future industry can be developed. The time will come when we will regard the great waste of natural gas in the 'same light as we regard the destructive action of a great flood. To what extent will the people of the future regard such waste as controllable? Because of the critical importance of natural gas to Texas it is deemed advisable here to include a more extended statement regarding this natural resource and fuel The peak year of marketed natural gas production in the United States was 1930. Marketed natural gas production receded considerably from the 1930 level during 1931, 1932,'and 1933. In 1934, however, there occurred an increase of 14 per cent over the output of 1933. This gain in consumption of natural gas for industrial purposes. Interstate and export movement of natural gas increased 29 per cent in 1934 over that for 1933. Great -variations occur in the prices producers of natural gas receive as well as in the costs of natural gds to consumers. In 1934 the average value'' of natural gas at the wells was 6 -cents per 1,000 cubic feet; producers in some states such as New York, Pennsylvania and Indiana received more than 20 cents. T'he average value at the wells in Texas was 2.2 cents; In California, second in rank as a producer, 7 cents; in Oklahoma and Louisiana, more than 3 cents; and in West Virginia, which ranks fifth' in production, 17:6 cents.' Illinois leads in average value at point Consumption, with 69.1 cents per thousand cubic feet; other Middle West and Middle Atlantic. States rank comparatively high in this regard. Of the distribution of consuming groups of total natural gas used in tho United States in 1034, that taken for field 'purposes, that is for drilling etc. accounted for 31 per cent; 16 per cent was used for domestic purposes; 13 per cent was consumed in the manufacture of carbon black; 7 per cent at electric public ' utility power plants; 5 per cent at petroleum refineries and 2 per cent at cement plants, thus leaving 21 per cent which was used for "other" industrial purposes. By far tho chief producer of natural gas* is Texas, which in 1934 furnished nearly 35 per' ce'nt of the total' marketed natural 'gas of the- nation.. The Gut Soijith- western States, induding Kansas, furnished 'nearly l\#0-thirris' of the total for the United States.' California furnished 15 per cent in 1934, the Middle Atlantic group 11.4 per cent and the 1 Middle West 5 p'er cent. The producing states of the Gulf Southwest and California account for about 95 per cent of trie Farm Value Is Hiked by Roads Treated in Oil The value of the average farm located oii a dirt road will be increased almost 50 per cent if the road is given an all-weather surface treatment with low-cost bituminous or oil mat or more expensive paving. The figures are those of the New York State college of agriculture and represent the results of a detailed survey of 3,365 farms. The survey classified farms according to the type roads With which they are served and disclosed these average values: farms on dirt roads. $45 an acre; farms on gravel roads $52 an acre, and farms on .higher type roads $64 an acre. The farmers on dirt roads, according to the survey, considered it would increase the value of their farms $9 an acre to have the roads graveled and $21 an acre to have the higher type surface. The same farmers estimated gravel roads would increase the total value of their farms $1,389 and that higher type roads would add $3,030 to the total value. The survey, a bulletin of the Western Petroleum Refiners association points out, is significant in reaveal- ing the tremendous value that can be added to agricultural areas thru an extensive program of low-cost road building. The 18,000,000 American farmers living on dirt roads can be taken out of the mud and dust and placed on smooth, all-weather bituminous surfaces for less than $5,000 a mile. In addition to increasing the value of rural property a vast saving in car operating costs would result. The Refiners association points out that the' saving in gasoline and oil consumption, tire wear, and depreciation On a car driven over a dirt road and the same car driven over a smooth, mudless and dustless road amounts to as much as one cent a mile. Low-cost, farm to market roads would also go in relieving the hazardous congestion on our limited system of main highways. "Highway congestion," the association states, "is simply the result of too many cars on too few highways. Congestion can be eliminated, our farmers relieved of their mud and dust menace and the value of farm property increased tremendously by expanding our system of rural roads." Such a program would also tend to reduce the burdensome gasoline taxes and license fees and remove the temptation to divert those funds to other purposes than road building' ' ^ OIL TRUCK DRIVERS PRAISED Truck drivers of the petroleum in- natural gas used for field purposes and practically all used for carbon black, Texas alone accounting for about 80 per cent. It is, however, in natural gas used for "other" industrial purposes— 21 per cent of the total—that this fuel has its widest geographic distribution. Leading regions include the Gulf Southwest, the Middle West, the Middle Atlantic group and the Pacific Coast States. Many industries of Texas use natural gas as fuel. Other industries, such as heavy chemicals and glass manufacturing, are peculiarly dependent On iiatural 'gas as a fuel, and '' the carb'pn black industry (Texais in 1934 furnished 72 per cent' of the national output of carbon black) uses natural gas as a raw material. A rapidly developing field in industrial chemistry is that of the manufacturing of a large variety of chemicals from petroleum and natural gas as raw materials. The manufacture of chemical products from petroleum as a raw material constitutes, a very important industry and is one which can be greatly expanded in Texas. There are substantial reasons to believe that pth'er inlustries will b e attracted to" Texas because of the advantages of natural gas as fuel, for instance, a pottery industry manufacturing for the growing Texas anci fjoijf;hwe£lem market. With the advantages Texas has in quality raw materials and in marketing its products by way of low- cost water transportation, it would hardly be common sense to assume that .Tgxas has reached its litnits in the ' hiaiiiifacture of construction materials—cement or gypsum products for instance—or of such products as glass or vegetable oils or canned goods. ctustf £ "wntf have impressea motorists generally with" 'their courtesy, carefulness and sicill, eotne In for a bit of''public recognition 'ffdm the pen of Wa'rreh G. Platt, edittff,' in & recent issue Of National Petfoleiiiri News. ••:•••• 'After driving some 5,000 miles through tlie old south," Mr. Platt writes, "I am a'galn impressed with the fact that the oil Industry's truck drivers' are entitled to a real C0rn<- pliment. Without exception they are thoughtful, courteous and careful drivers. They stay strictly on their own side of the road, always dim their lights at night' and frequently help you pass by signalling that the road is clear ^or still blocked." The average motorist could well afford to use the professional truck driver as an example Of courtesy, carefulness, and Skill. Motorists and highway departments can profit by experimental construction in Missouri last year, the details of which were recently announced by the Missouri Highway department. The experimental work, known as stabilization or sub-soil oiling, was designed for secondary and farm to market roads and to provide a stabilized or water-proof base on which a bituminous surface can be laid for the heavier traveled and arterial highways. The principal of the new design is that of substituting asphaitic oil for the moisture in the earth. The oil retains its natural moisture and acts as a binder to hold earth particles stable. Water cannot seep into the road base from above or below and dust is removed permanently. The oil is placed several inches below the surface and allowed to penetrate upward leaving an oil- saturated layer of earth several inches thick. On lightly traveled roads no additional surface treatment is necessary as the oil-saturated earth bears the entire traffic load. On highways carrying medium and heavy traffic loads a bituminous surface treatment of asphalt mixed with gravel, stone or chat provides the wearing surface The experimental sections in Missouri were severely tested in the extremely low temperatures last winter but suffered little if any damage. The original cost of the stabilization treatment, according to preliminary figures, is less than for a gravel treatment. Maintenance costs are extremely low—far less than for gravel —and successive oil treatments add o the thickness and permanence of the roadway. NEW ORLEANS COTTON NEW ORLEANS, June 13. (#•)— The usual week-end profit taking sales ran into good support on the cotton market today and prices closed within a point or so of the previous closing levels. Poor cables and selling by longs who wished to take profits on the week's advance started the market off around 25 cents a bale lower. But activity dried up on the decline and a slow, point by point recovery to previous final levels made up the remainder of the two hour trading period. July closed at 11.69, October at 11.09 and both December and January at 11.03. New crops dipped under the 11 cent level at one time, but ran into good buying interest on tho decline. Reports of more rain in the eastern part of the belt did not cause a ripple on the trading surface. Obviously the trade believed that more rain was needed in the drouthy sector before the new yield would benefit materially. CAP ROOK PS LINE ADDS NEW SERVICE TO THE LINE Leaves Pampa at 7:13 a. m., 10:40 a. m. and 4:30 p. m. for Childress, Wichita Falls, Pt. Worth and Pallas. for Okla. City at 10:40 a. m. and 4:30 p. m. over the Cap RocK jnaklng direct connections with the Greyhound Lines at Shamrock and ride big nice buses over all paved route. Don't a?k for next bus, a»k for the Cap Rock Call your local apent ftt Jfclt Terminal, Phone 871, RELIEF FROM LITIGATION WOULD BE GIVEN BY PLAN SAN ANGELO, June 13. (/P)—A land law giving the owners of original railroad land the right to purchase excesses would give many West Texas ranchman relief from land litigation, in the opinion of H. L. George, San Ahgelo surveyor and civil, engineer. Many ranchmen are actively Interested in the problem of acquiring their excess acreage, but under present laws Such acreage cannot be bought or defined if It is an original railway survey, which constitute a large volume of ranch lands in the state. "Vears ago when Texas granted pioneer railroads sixteen sections of land for each mile of road constructed little importance attached to the accuracy of survey," George said. "In return for these land certificates the railroads were to locate two surveys under each land script, one of the company and the other for the school fund. The railroad sections are all odd numbers while the school sections are even numbers. Soon after these lands were located many were not actually surveyed on the ground. They were what is known as 'Office surveys' and the railroads received patents for 640 acres." After appropriating 3,000,000 acres to build the Capitol at Austin, the legislature passed a law that the state never again could give away any of its property. "The combination of these conditions has brought a serious situation so far as the present holders of these original railroad sections are concerned," George said. Since there is some excess land in nearly every survey in West Texas, it would go far toward solving the difficulty if the legislatu'i'e should pass a law authorizing a survey of West Texas lands and give owners right to purchase excess acreage at the original price, plus about 2 per cent interest, George said. "In this manner the excess could be purchased in the original railroad sections and the school sections alike, and the titles of thousands of West Texas land owners would be cleared^' George said. The Texas Centennial Midway is considered the finest ever built for a World's Fair. It has a total valuation of about three and a half million dollars. All makes Typewriters and Other Office Machines Cleaned and Repaired. —All work Guaranteed— Call JIMMIE TICE >AMPA OFFICE SUPPLY COMPANY, Phone 288 First National Bank In Pampa Member Federal Deposit Insurance Corporation QUESTIONS THAT ARE ASKED ABOUT BANKING | f f E VERY incorporated bank iti the United States conducts its business under a charter issued either by its state government or by the Federal Government. Before a bank charter is issued specific requirements must be met such as minimum paid in capital and in many cases, paid in. surplus. A charter is the bank's authority from the government, state or Federal, to carry on a banking business, but under the regulation of banking laws and supervision of goverri- ment authorities. .For this reason, it is much more accurate to say that the United States has a "chartered banking system," rather than a "private banking system," the term used by many speakers and tvriters. OFFICERS A. Combs, Chairman of the Board DeLea Vi««r*> President, J f R, R«b>, Vice-Pre.ident, Edwin S, Vicar*, Caihier, J, 0, Gillham, Ai>t. Cashier, B, D, Robiioh, AM*. Ca»hi«r, F, A. Peek, A«t Cashier, E. BaM Clay, Aut. Ca*Ur

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