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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 01, 1929
Page
13
Wheeler county reports a new producer Gibson Bentley No 7 in section 42 block A. Pay found at 2318 feet with 416 barrels in first 24 hours and eight million cubic feet of gas. By Thursday depth 2390 feet oil rose to 500 barrels per day as gas at 2305 feet. The find doubles county output and signals activity in the Panhandle field.
Empire-Armstrong No. 1, Cities Service, on J. G. Armstrong ranch in Car son county, reached 3330 feet in hard lime and shale at 8300 feet. Three more tests planned in sections 30 31 32 on the Burk Burnett extension. One side shows a gasser. the other yields about 40 barrels daily. The Burk Burnett structure extends into Armstrong ranch six miles north of Panhandle.
Memorial Day ceremonies halted by heavy rain in the midcontinent. Oil reports show Prairie-Slick No. 2-Laster flowing 75 to 100 barrels per hour in the Viola lime at 3,669 feet, while nearby Asher wells shut down awaiting Reynolds Drilling No. 1 in block 8 showing oil in the lime or sand at 3,928 feet.
Ward County in Midland launches its own weekly, the Ward County Journal, due to oil boom. E. W. Barnes of Crane and Upton counties edits and publishes. Barstow serves as first distribution point following Ward pool reopening boosting business activity.
Special to The News Roswell N M May 31 The Vacuum Oil company test on state land in section 18 17 34 west of Lovington reports further saturation at 4665 feet and oil rising 2000 feet in the hole regarded as one of the most important current drillings in the Lea county area.
Borger Texas May 31 drilling has resumed in the Harry Ware test in section 18 block 5 Carson county five miles south and west of Panhandle. The bit now sits in limestone at 4700 feet after a cave-in was sealed with cement and drilled through. Plans call for continuing to the 5200 foot level.
The Pecos County Texas field shows fresh disappointments with recent test results. sulfur water appears in three tests and many wildcat locations yield dry holes. A Norway law requires tree planting of saplings for any tree cut.
Champlin Ref Co’s well in section 29 B-2 produced 12 barrels per hour at 2888 feet with no gas, then 20 barrels per hour after deepening to 2910 feet. Nearby Texas Co. No. 2 Cook Faulkner lagged behind with about 5,000 barrels per day. Operators No. 1 Cook-Faulkner in section 30 and Marland No. 1 Finley-Brown, pool discovery well, reported 8,080 barrels. All wells lie in the new Marland pool between Bowers and Lefors pools in Gray County.
United Press reports the Congregational National Council in Detroit voted to unite with the general convention of the Christian church after unanimous preliminary steps. Final vote set for next Tuesday with 6,500 Congregational churches represented. Christian convention expected to approve in October at Piqua, Ohio.
The body of a young woman about 20 was found in a swamp four miles south of Hebron, skull crushed. Ten year old Donald McLain discovered the body while on a flower expedition. Mrs. Margaret Biggs, camping nearby, said the clothing resembled that of her sister Alma Selfrig, who vanished two weeks earlier from Calumet City where she worked as a maid.
Floyd Brewer a 25 year old wanted in Seminole Oklahoma for murder and a Colfax Louisiana robbery was arrested in South Shreveport after fleeing through Arkansas and Louisiana. He is linked to the death of Jesse Hayes former Seminole nightclub owner. Marie Parker 22 Billy Ring 29 and Charles Rewett 32 were held locally and sent back to Seminole.
The Knoxville News-Sentinel announces it is not seeking Charles Lindbergh or Anne Lindbergh. An editorial titled Not Looking for Lindy accuses other papers and press associations of hunting for the aviator and his wife and calls their pursuit ridiculous.
Distinguished engineers and scientists will search for the boy with the best technical prospects to award a four year MIT scholarship starting next fall. entrants must write an essay on Why I Should Like a Technical Education. Last year selected Elwood W. Schefer of Cleveland and Rodney O D Chipp Jr of New York City.
Midwest market reports show hog demand broadly sustained with higher prices in Chicago St Louis and Kansas City while packers resisted gains on heavier butchers weights. Cattle and sheep traded unevenly across ports including East St Louis and St Joseph with mixed gains and steady to higher tonnages.
Markets in New York and other major centers show uneven movement with bonds steady and equities fluctuating. German issues lead foreign gains while domestic grains soften. cotton and sugar ease and coffee holds. hogs and cattle show gains amid bearish acreage estimates.
In New York, May 31, price moves stay irregular with liquidation in industrials and buying in rails and utilities. Copper and Anaconda show strength while grain declines dominate the early session. Cotton and wheat react to weather and crop expectations as banks report tighter liquidity and dividends advance across several firms.
Cotton prices in New York fell amid broad liquidation as grain weakness and rainy Texas reports weighed on the market. October futures slid from 18.62 to 18.40, closing barely lower by about 17 points. overall stocks and port data showed sizable volumes for the season.
In New York trading a wheat price drop to fresh lows triggered volatility across stocks led by farm equipment and mail order shares. Call money held at 6 percent with time loans easing to 4 1 2 percent as funds freed by late funding pressured gains and copper saw brief buying before profit taking.
Chicago and New Orleans wheat corn and rye futures fall amid widespread selling. Wheat leads declines with May delivery down while corn and oats follow. cotton and oil futures also ease amid weak grain tones and Paris and Liverpool influences. Memorial Day holidays dampen demand as reports signal mixed crop conditions and potential tariff shifts.
Grand Junction Colorado May 31 snow blocks access to Grand Mesa lakes where a new fish and game bill signed May 25 lets trout fishing proceed regardless of altitude. Roads remain blocked by snow delaying fishing for about three weeks. Half bels front belts on coats are noted as a fashion detail.
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