OCR Text |
Show The Western Mineral Surrey, Salt Lake City, Utah 4 June 13, 1953 W Wednesday, June 11, 1958 May 14. B52. Tar Baby lc, del. July 7, 1952, sale August 4. 1952, 'sold asst. pd. on June 10. 1952. Tuesday, June .10, 1952 SALES 300 at 32. Clayton Silver Commonwealth Ld. Oil Field Development Assures Community Growth OilWells Active in Basin Area Salt Lake Stock Exchange Following is a .resume of drilling activities in the Roosevelt, Utah, area during the past weeki Ute Tribal C No. 1 (located in Roosevelt pool in SW SW, Crews are drillSec. oil- at 4. East Standard 3000 at 6ft. East Utah 500 at 23ft, 600 at 24, 1500 at 25. 500 at 28, 500 at 27, 1000 at 31, 1000 at 31. Horn Silver 500 at 10ft. 20J at 10. Madison 500 at 19. Miners Gold 1000 at 8ft. 836 at ?ft. 10000 at 8ft. h 0111000 at 9ft, 1000 at 9. N. Majestic 2000 at 4. Oil Secs. 500 at 38. SUver Shield 1000 at 5. Utah Con. 1000 at 1ft. 1000 at 1ft. Western Alloys 3000 at 3 ft, 2000 at 3ft, 5000 at 3ft. WUliston OU 500 at 34. 2000 E) Nev-Ta- ing ati 8635 feet G. E. Houston No. 1 (located in Roosevelt pool in SE SW, Sec. CURB SALES in Moving E) tary tools. ro- Ute Tribal B No. 1 (located in Roosevelt pool in NE SW, 33. Total depth 9954 Sec. Leonora 2000 at 6. 1016 St 8. at Ld. Oil Magnolia feet, plugged back total depth Miners Gold 2000 at 8ft. 9838 feet Completed strtafrac North Uly 1000 at 39ft. Park City Con.J500 at 31. treatment, put oil pump. PumpSUver Shield 300 at 5ft. Tintlc Standard 100 at 1.35, 100 at ed 227 barrels of oil in 23 hours. 1.35. Minimum grindout 1 pet. water, Zuma 3000 at 2ft. maximum 3.2 pet. water. PumpJune 9, 1952 Monday, SALES ed 145 barrels of oil in 22 hours, 5 Commonwealth Ld. 6000 at 4. pet. water to regrindout Cons. Eureka 500 at 10 ft pump. place Croff Oil 500 at 33ft, 1000 at 33ft. East Standard 2000 at 6ft. Ute Tribal No. 3 (located in East Utah 500 at 23. 500 Roosevelt pool in SE NE, Sec. Great Western at 12ft. Little May 1500 at 3ft, 2000 at 5ft. Core No. 1, at 8565-9Madison 1000 at 19. Miners Gold 8500 at 8, 1000 at 7ft. feet recovered 14 feet; core 7200 at 8. No. 2, at feet, recovMountain View 10000 at 2. New Park 600 at 2.15. 58 ered feet; core No. 3, at 8654-8North Standard 500 at 4. feet, recovered 32 feet; core Pk. City Con. 2000 at 31. Pk. Premier 5000 at 3ft. 7 No. 4, at feet, recovRico Arg. 100 at 2.37 ft. ered 59 feet. Total depth 9747 South Btd. 1000 at 18. Tintlc Std. 100 at 1.35. feet. Taking drill-stetest n Oil 500 at lift, 700 at ' H. A. Peterson No. 1 (located 12, 500 at 12. Western Aloys 1000 at 3ft, 1000 at in Roosevelt pool in SW SW, 3ft. Sec. Crews drilling CURB SALES Horn Silver 500 at id ft. 7496 at feet. Miners Gold 9000 at 8. Oil & Mr. 5000 at 9. Joseph Smith No. 1 (Flat MeNorth LUy 500 at 40. wildcat well, located in censa Prosper OU 3000 at 3ft, 3000 at 3ft. 2000 at 3ft. 1000 at 3ft. of SE SE, Sec. ter Royston 500 at 17ft, $00 at 17ft. n Oil 500 at 12. 500 at 12. Location. Elmer Moon No. 1 (Antelope June 6, 1952 Friday, SALES wildcat well located 50 East of Bonanza Oil 1000 at 15. center of SW SE, Sec. Cons. Eureka 1000 at 12. Cardiff 1200 at 17. East Crown Point 1000 at 4. East Utah 1000 at 33. 100J at 20-1S-1- .4-- 28-1S-1- E) 6 8596-865- 4 8 8688-874- m Trans-Unio- - Nev-Ta- h 16-3S-5- Trans-Unio- at Cresc. Eg. Oil 200 at 13. Croff 0111000 at 33. 59 35. at Crews rigging up rotary tools. Willis Moon No. 1 (Duchesne wildcat well No. 2, located in SE SE, Sec. Core No. 34, 9250 East Standard 2000 at 6. East Utah 500 at 23. Eureka Bullion 1000 at 8ft. Grand Deposit 2000 at 4ft. Little May 2000 at 5fti Magnolia L. ft OB 500 at 9. Miller Hill 1000 at 3. Miners Gold 6000 at 7ft, 1000 at 7ft. 13-4S-4- 34, at W) feet recovered 56 No. core 35, at feet; 46 feet. Crews recovered feet drill-stea test, 0, 1000 at 8. attempted Mono Kearsarge 1000 at 8 Core failed. at feet New Majestic 4000 at 4ft. 7440-8- 0 No. feet recovered at 36, North LUy 900 at 40ft. Park City Con. 1200 at 30. 40 feet; core No. 37, at Piutus 500 at 13. feet, recovered 49 feet. Total Prosper OU 1000 at 3ft. Royston 1000 at 18. depth 7600 feet. Silver Shield 1000 at 5 ft. Duchesne Ute Tribal No. 2 (loSilver Standard 1000 at 4. South Standard 280 at 17ft, 2000 at cated in Duchesne pool in SE 18. n OU Sec. Total 500 at 12. NW, (x Indicates operating companies.) OU 500 at 33. depth 11,317 feet, plugged back 1000 at 2. Victor Consolidated SALES 7661 feet. Installing lease West Toledo 5000 at Hill to 468 at 3ft. 8ft. Big WUliston B. OU 1000 at 37ft. Cardiff 500 at 16. lines and pump foundation. Yankee 5000 at 2ft. Cons. Eudeka 500 at 10. 8500 at 10. Zuma 4000 at 2ft. U.S.A. No. l (Vernal wildcat East Utah 500 at 33, 1600 at 32, 1703 Sundance Oil 500 at 20. at 31. 100 at 32, 500 at 31. No. 6, located in SW SW, Sec. Howell 500 at 24. Reported too late for June 5th curb, 18. Madison 7500 at 1000 at Core No. 20, at 7514-5- 8 Indian Queen 2ft. CURB SALES Miners Gold 2000 at 8. feet, recovered 44 feet. Crews Mt. View 2000 at 2. Clayton Silver 500 at 34ft. East Utah 4500 at 23, 500 at 23. h 0000 at 9ft, 5000 at 9ft, drilling at 7741 feet. Madison IT 00 at 18. 1500 at 10. Canyon - Government No. 1 Park City Cons. 500 at 30. North Std. 2000 at 3ft. Silver Standard 1000 at 3ft. Park Bingham 400 at 4. (Jack Canyon wildcat well, loTintlc Standard 100 at 1.35. Prosper Oil 500 at 3ft. cated in SW NE, Sec. TransrUnion Oil 1500 at 12. Royston 1000 at 16, 500 at 15ft, 500 7335-9- 1 7391-744- 0 N-2- m 7304-760- 0 7480-752- 9 16-4S-4- Trans-UnioUtah-Wy- o. Nev-Ta- 011500 at 34. at 4ft. Thursday, June 5, 1952 at 19. SALES 1.35. 500 Btd. at Untie Bonanza 2000 at 14, 1000 at 14ft West Toledo 3000 at 8ft, 2000 at 8ft. 1000 at 15. WUliston B. Oil 100 at 35, 300 at 33. Eureka Bullon 300 at 6. CUKB SALES Kentucky Utah 1000 at 9ft. Bonanza 0111000 at 13ft. Lakeside 9000 at 2ft. East Utah 500 at 30. 500 at 30. Little May 7000 at 5ft, 1000 at 5ft. Miners Gold 1000 at 8ft, 3000 at 8ft. Mammoth 500 at 24ft. Park City Con. 500 at 32. Miners Gold 1000 at 7ft. 3000 at 7ft, at 600 15ft. Royston 3000 at 7ft. Trans-Unio- n Oil 600 at lift. ML States 500 at 6. Williston OU 500 at 44, 500 at 34. North LUy 400 at 39. 300 at 40. DIVIDENDS Prosper 1000 at 3 ft. New Park 3c. payable June 28, 1952. Royston 100 at 15. to stockholders of records May 17, 1952. SUver Shield 2000 at 5. Rico Argentine 5c, payable June 23, SUver Std. 1000 at 4, 1000 at 4. 1952, to stockholders of record June 9. Tintlc Lead 500 at 12ft. 1500 at 12ft. 1952. OU 1000 at 12. Utah. Pr. & Lt. 45c, payable July 1, C. OU 500 at 32. 200 at 1952, to stockholders of record June 5, 33.Utah-Wy1952. WUliston 0111000 at 40. 1000 at 40, Ut. Id. Sug. Pfd 15c, payable June 30, 1952, to stockholders of record June 20, 400 at 40, 300 at 40, 200 at 39. at 16. Utah-Wy- Silver Shield Sundance Oil o. Drill-ste- m 1000 200 Trans-Unio- ASSESSMENTS West Toledo lc, del. May 10, 1952. ale June 17. 1952, sold asst. pd. on May 5, 1952. Comwealth Lead ftc, del. May 20. 1952, sale June 12, 1952, sold asst. pd. on AprU 26. 1952. Mono Kearsarge ftc, Del. June 17, 1952, sale July 8. 1952, sold asst. pd. on 18, at ut 7877 feet of 5150,000 was December of 1951, of in paid which Hecla received $50,000 and Newmont a like amount The net working capital of Resexurrection at the year-enmillion ceeded one and one-hadollars. n - WUliston B.ft OU 100 at H. E. HAVENOR & CO. family men, well educated, usuemployees of ally long-tim- e their firms. They have made careers in the Industry. And when they reach a town to begin a job, they put down roots. That means new homes. In one city it means large, attractive housing developments, with substantial homes, good Landscaping and a vigorous and pleasant community life. It also means new demands for goods and services. Existing retail stores are enlarged and new ones opened to supply the needs of new households. Every business in town feels the stimulus the drug store, the hardware store, the dry cleaner, the movie and the grocery store. Chuches Member Salt Lake Stock Exchange Information Furnished on Utah Companies Orders Executed on All Exchanges Telephone 57 Contrary to most predictions in the 1930s, that the population of the United States would gradually level off and probably . nine-tenth- e Sunshine Mining . A. HOGLE j. Member Salt Lake-Spokane-N- These quotations furnished by J. A. Houle Ss Companv, 132 South Main St. 18, 1000 Belt Lake City, Utah. AR American Smelting (42 A Anaconda Copper 43ft 37 HU Homestake Mining 39. . 44 IN International Nickel PD Phelps Dodge 35ft 76 ft KN Kennecott & 30 UTP Utah Power ft Light Industrial Stocks These quotations furnished by Merrill Lynch, Pearce. Benner ft Beane, 23 Eael Second South St.. Salt Lake City, Uah. Bid Asked Amalgamated 8ugar Pfd. 6 9.40 6 First Sec Corp Class A 24.00 24.75 20.25 19.25 Mountain Pun 19.50 18.50 Utah Fire Clay 35.50 34.50 Utah OU Refining 13.62 ft 14.25 Utah Southern OU 6X00 59.00 ZCMI GO. & York Stock ew ,, , Exchanges WE SPECIALIZE IN MINING STOCKS Loans Made on Listed Mining Securities 132, Main St. 5. Wall St. 2380 Washington Blvd. SALT LAKE SPOKANE OGDEN Eastern Stocks I U. S. Will Grow decline in he relatively near future, there now appears to be no population peak either in sight or safly predictable. Our population, according to some estimates, will reach over 200 million by the year 2000. The Bureau of Census predicts the U. S. popuation will increase to between 162 and 180 million people in the decade 1950 to 1960, with a medium estimate of about 169 million. This estimate seems reasonon the basis of the trend able gow, too. of population growth over the And with all this comes a decade. Our populaheavy demand on the munici- preceding since 1900. doubled tion has pality itself. New streets must until 1930 we had average Up inbe laid out, built and paved. 1 creases a million of about New sidewalks, curbs and sew1930 decade from the In ers are needed. With many new year. growth families moving in, the towns through 1940 this rate of s to of about mounts dropped school-agpopulation milion a per year. fast More school rooms will be new whole needed, maybe schools. All this costs money. The money must come out of the Directors of Sunshine Mining municipal budget But it comes last Thursday authorcompany easily, because the growth of ized of a regular divpayment the community puts more idend of 20c a share for the secmoney in. New homes and new ond quarter, payable June 30 to business provide new ra tables stockholders of record May 31. and hence greater tax revenues. The disbursement will total The expanded economy makes and will increase the new $297,764 a of the building possible silver of big the producers total divi- -' expansion hospital schools and the development of dend payments to $31,017,138. new playground facilities. The The action marked the begin-sam- e situation would normally ning of the third consecutive neara town in be expected any year of 20cent quarterly pay-neoU field. ments, the rate having been Peorle outside the town also started in the second quarter of benefit Many wells have been 1950. d 529 XEWIIOUSB BUILDING, SALT LAKE CITY, UTAH transporta- gineers, geologists, tion specialists, members of office staffs, and so on. They are Little May 2000 at 5ft. Royston 500 at 18, 2000 at at 18, 1000 at 18. n 0111000 at 12. Trans-Unio- The drilling itself does little to disturb farming. And after, the well is completed and the rig is removed, only a Christmas tree inside a square of fence remains to control the flow of olL This system of pipes and valves is so small that it makes practically no difference in the use of the land. And the royalties from the oil are welcome buffers against years when crops are below par or prices are not good. effort No one can say exactly what How will this affect the communities in the area of the oil direction the development will fields? Let us take as an exam- take in the WUliston Basin. ple a town we can call Oil City, However, the experience of Midwest. Thre, in country not communities- near other fields unlike that of Montana and the can be taken as a reliable guide. Dakotas, the residents have The growth takes time, and the benefits are lasting. They are learned that the effect is good. in months or The most noticeable result, of measured, notjdecades or generin but years, course, is growth a uniform, to add ations. progress, They up orderly development in every for same solid the everybody, phasfl of community life. It beeven the 90 that, past progress gins with the census figures. years, has made the oil industry More people come in. Most of largest and most imthe newcomers work for the oil one of the in the nation. companies developing the new portant field. They are production endeep-burie- lf CURB SALES Cons. Eureka 1000 at 12, 1000 at 12. Croff Oil 500 at 33, COO at 33. Horn SUver 1000 at 11. Lakeside 3000 at 2ft. drilled on farms, some in cultivated fields, some on range land. w A dividend o. 1952. test No. feet, open 60 minutes, had a slight initial blow, dead in 40 minutes. Recovered 88 feet of slightly oil .and gas-cdrilling fluid. Crewts drilling at 7725-6- 3 Continued from Page 1 ising picture. Then field parties explored Uhe surface and tested d rock formations. The picture began to look still more promising. Finally, after three years of difficult and expensive search, they decided to drill. The first well struck oil, then a second. More are being drilled. The area holds real promise. But between the promise and the fact of a successful oil Reid lie years of hard, painstaking BROKERAGE COMPANY GROMER Salt Lake Stock Exchange Building; 39 Exchange Place Salt Lake City lt Utah Complete Information furnished on all stocks. Member ' I i . Salt Lake Stock Exchange. Orders executed on all Markets. AClVUfij. i it i- |