The Bismarck Tribune Newspaper, September 15, 1920, Page 2

U.S. NEAR TOP RCK DAILY TRIBUNE Bic? i “WEDNESDAY, SEPT. 15,, SF oe 20; | OF PETROLEUM ‘OUTPUT, BELIEF Government Geologists Make Report From Exhaustive Sur- vey Through Country BRINGS. NEW PROBLEM; Methods of Conservation May Be Developed by Scientists for Future Needs: BY HARRY B. HUN N. E. A. Stail Correspondent, Washington, Sept. 15.—America has , reached the top of the hill in petro-j leum_ production. { | i i | That is the belief of government geologists, after the most painstaking | computations covering probable oil: remaining in the ground, the possible; development of known reserves and | the probable decline of production in} present fields. For the remainder of the year 1920] and through 1921 we may be able to! hold production at about its present | level. But unless the unexpected | happens, the end of 1921 will see the | beginning of a decline in the volume : of Uncle Sam’s petroleum production and a fairly constant falling away,! year by year, until the pools are all, drained dry. The Real Problem Facing this situation, the immediate problem, it is declared, is not in try- ing to produce, somehow, from som‘ where, more oil than js being p duced today, but to deyelop?metho and machiges that will takesone’ bar- rel of oil flo twice or strict the ser- vice it now performs. ; In 1919 the United States produced three-fifths of the petroleum output of the entire world, 377,719,000 barrels, out: of 559,539,000. And we ourselves consumed it all, and slightly more. This year, through the stimulus of high prices and insistent demand, pro- duction will be pushed close:to the 450,000,000 barrel mark—about three times the normal yearly increase. But consumption has mounted as steadily, and despite heavier importation from Mexico, Trini- dad and Tobago, reserves of ol are HINDENBURG, WEARING WILHELM’S CROSSES, AND SON AT HORSE SHOW BERLIN—Former Field’ Marshal von Hindenberg doesn’t | eare whether there’s an army or not—he still wears the uniform of the imperial forces and, furthermore, the mere fact that, the kaiser isn’t 2 kaiser any more doesn’t prevent Von from wearing the pretty iron crosses and things Wilhelm gave him, This is the first picture ever taken of von Hindenberg and his son, Captain Hindenberg, together, and was made at a horse show in a German Report of the ( crTy NATIONAL BANK OF BISMARCK at Bismarck, in the State of North / Deduct: Notes and bills rediscounfed with Federal Reserve Bank .... Overdrafts, unsgcured, $889.61....... U. S. Goverumeit securities owned: Deposited to secure circulation (U. S. bonds. par \ value) Pledged to secure U. S. deposits ( Owned and unpledg oS ete laa Total U S Government securities. . Other Bonds, securities, ete.: Bonds and securities (other than U. S. securities) pledged as collateral for state or other deposits luded) or bills payable ............+ (postal Securities,sother than U. S. bon stocks, owned and unpledged.. Total bonds, securites, ete., other than U. ‘scription seeee Furniture and fixtur: Real estate owned other. than banking Lawful reserve with Federal Reserve Bank.. €ash in vault and net amounts due from na Danks 00... cece eee eee eee eee ee eee Net amounts due from banks, bankers, panies in the United State: Exchanges fox clearing house. ota e Checks on banks located cutaide o ‘city, or town of re- porting bayk and other cash items Redemption find with U. S. Treasurer and due S, Treasurer . Other assets, ifvar Capital stock paid in . Surplus fund .. Undivided profits .. Less current expense: Circulating notes outstanding...... et amounts due to national banks. Net amounts due to banks, bankers, panies in the United States and foreign countries Certified checks outstanding.......... Cashier’s checks on dwn bank outstanding. Total Demand dep Reserve: Individual deposits subject to check.. Certificates of dep than for money borrowed)....... (ol Total of demand deposits (other posits) subject to Reserve..... Time deposits subject to Reserve (payable after 30 days or subject to 30 days or more notice, and postal savings): Certificates of deposit (other than for money borrowed Other time deposits............... Total of time deposits Other United States deposi U. S. disbursing officers. Bills payable, other than wi (including all obligations Teprésen’ rowed other. than rediscounts) Liabilities for rediscounts with Federal Reserve Bank. Total contingent liabilities. ... STATE OF NORTH DAKOTA, 8s, County of Burleigh, I, J. B. Rhud, Cashier of the abdve-named bank, do solemnly swear that | the above statement is true to the best Subscribed and sworn to before me this 14th day of Scpiember, 1920. (SEAL) Correct—Attest: P. C. REMINGTON, G. F, DULLAM. “ J. A. GRAHAM, Ae Directors, sax | My September 8, 1920. RESOURG Loans and discounts, including rediscounts.......... $914,046.74 interest, ‘and taxes paid.. sit due in less than 30 days (other’ subject to Reserve......... United States deposits (other than postal savings , including depos’ Notary Public, Burleigh County, N. D. town. about 8,000,000 barrels smaller at the beginning of last winter. Mexico Helps Out Since June 1, daily production in all! fields has mounted to about 1,240,000! barrels. Yet during this same period | consumption has averaged 1,420,000 | barrels daily, the difference being! made up from importations, mostly | from Mexico, which now average close to 250,000 barrels and which alone} than sondition of the Dakota, at the Close of Business on us 118,727.15 y 795,319.59 50,000.00 19,000.00 11,900.90 71,900.00 62,400.00 (not including 4,450.95 66,850.95 3,000.00 4,472.32 3,908.48, “house. 43,898.89 | 92,078.93 and tru « $115,302.97 9,800.49 ~, 2,500.00 j 5,336.17 have made possible any building up tide of oil high which geologists believe is now reach- ed, the ebb beginning by the end of production, 1921, comes just when we have reach- ed\the half-way point in the depletion of our oil deposits. Estimates recently presented by Dr. David White, chief geologist of the Geological Survey, placed the amount of petrolenm remaining in the ground lunder the United States at probably 6;740,000,000 barrels, as of January, ; 1919. The total produced to that date was 4,598,144,000 barrels. Halt Taken Out Adding the 1919 production of 377,- 719,000 barrels and the expected pro- duction of 450,000,000 barrels in 1920; |to the amount produced, and by Jan- uary, 1921, just about one-half of the + iotal oil in the country will have been taken out. Tho new Wyoming field, is estimated to hold a total of about 400,000,000 barrels. It is. doubtful, however, if production within the next year will reach 20,000,000 barrels. Because of the steady decline in pe- trolerm stocks for nine months, prior to June, and the corresponding steady | increase in price of refined oils and gasoline ,there ‘was a suspicion that ‘oduction was boeing deliberately,'re- stricted. Four Investigations Four indqpendent investigations, covering all the major fields, were made. Three of these were by fed- «| ral agencies—the Geological’ Survey, the Federal Trade Commission and the Department of Commerce. The fourth, conducted principally Yn the Califor- nia-Rocky Mguntain fields, was made by the American Automobile Associ- ation. The results showed that, with the possible exception of in the California ield, there was no deliberate restric- tion of output. The real reason for re- duced stocks apparently was disclosed by increased consumption. It is more than possible, it is stated, that companies in the California field, knowing that they have the biggest single reservoir of petroleum in the United States, prefer to hold their sur- plus underground for fabulous profits foreseen for the future. ayaa Vintec cevenecesseseeeessBL123,17947 --$ 50,000.00 | 7 50,000.00 D 15,288.25 49,100.00 15,961.35 and trust com- 70,519.49. 153.41 348.40 -$ 86,982.65 er than bank deposits subject to | Te hs “993,793.24 155,579.37 than bank de- 379,372.61 404,077.66 | 38,434.69 2,811.86 | serve Bank 1 ting money bor- 62,400.09 ay 1,123,179.47 | of my knowledge and belief. J. B. RHUD, / Cashier. A. HENDRICKSON, commission expires June 26, 1926. a werk Ley sae onan ol Oe US Aer |S eat bd FOUR FIRMS ARE INCORPORATED Incorporations filed with the secre- tary of state follow: North Dakota Farmers Lumber com- pany, Fargo, capital stock $50,000. In- corporators, F. R. Pollard, Fargo; H. I. Behrens, Fargo; H. E. More, Fargo. Farmers Implement company, Ca- thay, capital stock $10,000. Incorpora- tors, George Bohrer, W. H. Peck, H. E. Sheard, G. B, Edinger, C. L. Broschat,, G. A. Reddig, Heinrich Edinger. Kinzel’s Service shop, Mandan, capi- ta stock $10,000. _Incorporators, . Kinzel, Harold Law, John F. Wil. foie World Publishing company, Devils Lake, capital stock $25,000. Incor- porators Fred S. Austin, G. D. Laird, M. A. Hoghaug. The American’ Red Cross conducts ana cial limb factory for Greek war cripples at Athens. ‘Foley’s Honey and Tar COMPOUND AN OLD RELIABLE FAMILY REMEDY. recommended for coughs, colds, tickling’ of the teroat, spasmodic croup, wh hh, la grippe, and bronchiai coughs, be ese 2€85, ClCe The First Dose Gare Relief Woldredge, Neb. writes: 21 contracted a very severe cough 9 exposure. My cough got so bad diy sleep foritwo ot three nights. A of mina recommended Foley's Honey and “lar Compound,and 1 got a60c bottle. The very first doce relteved me 1 took a second doso Letore going to bed and-can truthfully soy I did not cough once oll night. By using as dirccted tne next two days, ray cough wes. gaticaly gone, and J give Foley's Honey and I credit for any speedy and ipermanen{ recovery. For more than thirty years Foley’s Honey and Tar has been Where is John McCormack? In Australia? greatest gift to humanity is never further away th: Victrola. The greatest artists of all the world, no Victor Records by: thése artists represent their they themselves have chosen to be heard. Victrolas $25 to $1500. New Victor Records dealers on the Ist of each month. Victrola REG. U. SB. PAT. OFF, Victor Talking Machine Co. i Camden, New Jersey word Look under DU eI HE ere NEW YORK—On two days recently, arrivals at Ellis Island from Europe! reached the 9,000 mark, shattering all immigration records. If this rate is held up for a year, the arrivals would total 3.085, 000—double the number of any previous year. “They are refugees,” says Louis Post, assistant secretary of labor... ““They are running from war, disease, famine and privation.” The record for arrivals is 1914. In that year 1,218,480 immigrants arrived in America. The picture shows a family which has just arrived at Ellis Island from Evrope and is waiting for a decision used with satisfaction and success. | on entrance to the United States. they are performing, are always with you on the Victrola.. The inspired achievement, and contain not only the notes they sang or played, but their very intent. When you hear their Victor Records ‘on the Victrola you hear the great artists exactly as ietrola” ident Yes—but his an the nearest matter where . moments. of 2 on sale at al) IFour products. the lid! k on the label! VICTOR TALKING MACHINE CG, amden, N, BREAKS INTO HOME TO STEAL PICTURE London, Sept. 15.—Police court circies have had an unusual case in which a young girl, Miss Bar- bara’ Hutton was charged with breaking ‘nto the home of her } former &weetheart. Walter Beresford, just to get his picture! After being remanded for a week, the girl darted across the court room and kissed Beresford. ia; since the war, all edu- have been In Austri cational — institutions opened to women. TO HELP BUILD UP THEIR STRENGTH, tee AND ENDURANC ASK YOUR DRUG DONT ACCEPT SUBSTITUTES | | | e..