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Montana Bank Closes to Permit Re-organization LIVINGSTON. Mont., Oct. 27.-The First State Bank closed its doors this morning for re-organization on advice of the bank examiner. Poor returns on eattle and sheep are among the reasons given, also bad collections. BOISE, Idano, Oct. 27.-The Bellevue Bank & Trust Company, at Bellevue, suspended this afternoon. The cause is not announced.
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STATE INDUSTRIAL REPORT. Copper sales, foreign and domesic, totaled 140,000,000 pounds during October. This compares with 97,000, 000 pounds sold during September and an average of 75,000,000 pounds July August. are the a These month sales during largest and for any month this year. Production for the Cat Creek field steady increase, and pipe are to 32,500 a is line showing runs up week. said However, oil in this district is and to be water-driven, productive brief life of wells is comparatively to Salt tank car to rebefore is shipped going by River. Midwest Output finery at Greybull, Wyo. Rich vein of copper ore uncovered by flock of sheep near Superior. Livingston to have modern $40,000 central heating plant. Billings-Dox Oil Company encounters good flow of oil in Soap Creek field. Sidney-Work on rebuilding mill and elevators being rushed. Winnett-Elk Basin Company laying pipe-line across Cat Creek field to take oil from new Frantz well. First State Bank of Livingston to be reorganized and reopened. Billings school district has $31,816 20 teachers cut deficit; off payroll. Belt-Shipment of beef cattle goes from Armington stock yards; many stockmen holding cattle for next year's market. Kalispell-Three applications made covering :proposed power deevelopment on Flathead river. Winnett-Western States Company moves two new rigs to Soap Creek. Hardin-"56" Petroleum Company to drill test well in Beauvais structure. Increased showing of oil noted in Oregon-Montana well at Winnett. Test well to be drilled on Witt hill, three miles east of Columbus: First National Bank of Brockton to become Stockman's National at S Poplar. Much development of Boston-Montana mine of Elkhorn; railroad built f to Short Line at Divide, and 750-ton capacity mill erected. Reclamation service preparing to start work on second Greenfild unit. = National Refining Company well in Moccasin district making progress. Roundup-Three new wells drilling in Devil's Basin. Pathe Film Company of Butte builds new modern office. Eureka-Chemical plant nearly completed; sawmill in operation. Winnett-Shooting Thermopolis Cat Creek well increases production Winnett-Stone water well to supply city with water. Month of October made new high record in shipment of crude oil from Cat Creek field, near Winnett, total 557 cars. Winnett-Washington Oil Company spuds in well in Antelope field. Fort Benton-Good indications Transscontinental well. New Weowna refinery of Winnett starts opérations. Lewistown-Much oil activity not ed in Hobson fields. Lewistown-Good prospects at Buf falo Dome well. Mid-Northern may start drilling 01 Homestake lands. Shelby--Troy-Sweetgrass test wel encounters large flow of gas. Kal ispell-Kevin Syndicate drilling tes well in district. Winnett-Great Northern refinery processing 250 barrels a day. Lewistown-Williamse well come in commercial producer. Black Butt well encounters oil-impregnated shale Good prospects for permanent pro ducer. Buffalo-Oil and gas showings Buffalo Dome well. Billings-Work progressing on ga pipeline from Elk Basin field. Denton-Portland company take over Pauley dome properties and dril ing will continue.
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MONTANA WEEKLY INDUSTRIAL REVIEW Copper sales, foreign and domestic, totaled 140,000,000 pounds during October. This compares with 97,000,000 pounds sold during September and an average of 75,000,000 a month during August and July. These sales are the largest for any month this year. Production for the Cat Creek field is showing steady increase, and pipe line runs are un to 32,500 barrels a week. However, oil in this district is said to be water driven, and productive life of wells is comparatively brief before going to salt water. Output is shipped by tank car to Midwest refinery at Greybull, Wyo. Rich vein copper ore uncovered by flock of sheep near Superior. Livingston to have modern $40,000 central heating plant. Billings Dox Oil Co. encounters good oil flow in Soap Creek field. and elevators being rushed. Sidney-Work on rebuilding mill and elevators being rushed. Winnett-Elk Basin Co. laying pipe line across Cat Creek field to take oil from new Frantz well. First State Bank of Livingston to be reorganized and reopened. Billings school district has $31,816 deficit; 20 teachers cut off payroll. Belt-Shipment of beef cattle goes from Armington stockyards; many stockmen holding cattle for next year's market.
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Will Reopen Bank Closed at Livingston Helena, April 30.-(By The Associated Press.)-L. Q. Škelton, state bank examiner, Sunday announced the reorganization of the First State bank of Livingston with James E. Murray, of Butte, as president. The bank suspended October 25, last, as the result of diminished reserves. The reorganized institution, according to Mr. Skelton, will open its doors for business the early part of next week. It will have a capitalization of $150,000 and deposits of $400,000. Aside from President Murray, the other officers of the bank have not been chosen.