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Show X I -- U OF U LIBRARY CITY 1 i-- i - ' Features Mining, Oil, Finandj Vol. 21, No. 14 Salt Lakh City, Utah, AprU Drills Active Salt Lake Stock Exchange Trading Shows Increase In Utah(s Basin Area Following is a summary of drilling wells for the past week in a porion of the Uintah Basin, Uttah, released by the Scouting Divisi6n of Carter Oil Company: G. E. Houston No. 1 (Located SE SW, Sec. 19, IS,' IE-T- otal depth 10,142 ft Produced 103 barrels oil, OS per cent basic Produced sediment 24 hours. 0.8 114 barrels oil per cent basic 23 hours. Produced sediment, 122 barrels oil 23 hours. Completed. During 15 day qualification test produced 144 barrels of 34.1 deg. API gravity crude cutting 3.6 per cent basic sediment and water in 24 hours from open hole interval feet of Grene River formation. Set 7 inch casing at 9768 feet with 250 sacks. Set tmcemented slotted liner from ft Completed Mar. 9768-10,1-42 9765-10,11- APRIL 1, 195$ Bid Asked WEDNESDAY, 5 13,1953. Whitlock-TaylNo. 1 (Located NW SW, Sec. 24, IS, IW Total depth 10,060 feet. At inch tempting to perforate 3 drill pipe to obtain circulation. Well flowing to burn pits. Duchesne County Well No. 1 (Located SE NW, Sec. 25, 3S, 5 W, Duchesne County, Utah. Location staked March 10,, 1953. Moving in rotary tools. Ray E. Sutton No. 1 (Located Walker Hollow, SW SE, Sec. 5, 7S, 24 E. Total depth 5545 ft. Core No. 5: 5442 --5502 ft., refeet. Drill stem covered 57 2 test No. 5, feet, open 1 hour, fair initial blow, dead in 10 minutes, recovered 190 feet (hilling mud with slight gas-capproximately 1 quart of heavy black dead oil on top. Core No. 6: feet, recovered 16 Drilled from feet feet Ran electric log. Dry and abandoned March 13, 1953. Rig released March 13, 1953. Orian L Johnson No. 2 (Located Walker Hollow, Sec. 9, 7S, 24 E. Total depth 5982 feet Core No. 5, 5450-55feet, recovstem test Drill 55 ered feet No. 5: feet, open 1 reblow throughout, hour, good oil-c375 feet covered heavily mud. Oil was and slight gas-clow gravity and heavy with 4 6: No. . Core blade 50 feet Core feet, recovered 8 No. 7, feet, recovered 54 feet Drilling at 5902, shale and sand. Listed Stocks . xBonanza Oil dc xBristd Mng. Silver xBullion xCardltf xChlei Con. xClayton Silver Colorado Con. Colb. Rexall xComblned Metals xComet Coal'n Common with Lead xCons. Eureka Crescent Eagle Oil xCroff OH Crown Point . . .. xDragon Ei. Crown Point ... Mines Abinplre 45 07 Kennebec Keystone Magnolia Lead dk OH Majestic OH ft Mng. Mammoth Miller Hill ... ut xMountaln Nalldrlver . Securities ; xPark Bingham. xPark pity Con. Park Nelson ... Park Premier xPark Utah .. xPlumblc Mines xOU OH ft - g Nev-T- ng. .. Sliver Shield xS un dance OU Swansea Con. Tar Baby - Tlntlo Central Tlntlo Lead .. n Con. OU. o. XWestern XWUbert xWUllston Basin XYankee Con. . . . copper-lead-zin- c, XUtah P. ft L. xZ. C. M. Z. . (xlndlestes eyerating eempaalea) SALES 1000 at Oft. Dragon 1000 at 80. East. 8td. 3500 at 10. 1000 at 14ft. 1000 at 3. Deposit 12000 at East Utah Emp. Mines Grand 1000 at 4000 1. at 9. SouthStd. 8undance 0112500 at 17. 1000 Trans-U- n. Utah Con. 0112000 at 9. 298 at 1. Wyo. Con. OU 200 at 37. Ut. Wyo. Con. Con. 011200 at 37. WUlls. B. 011500 at 31ft, 600 at 33. Zuma 1000 at 2ft. Ut f S' ton n. or write W. C. Hansen, 2501 South State, Salt Lake City Call 1000 3. at 8. 3ft. 2000 at 3ft, ah ? Like New trade-i- 3. 5000 at 4. Madison 1000 at 28ft, 1000 at 29. Miners Gold 4000 at 4. Mono Kearsarge 1000 at 5. Nev-TOU ft Mng. 1500 at 10. New Park 300 at 1.50. North Std. 4000 at 4. 1000 at 23. Park . Plumblh 1000 at 7. Prosper OU ft Mg 5000 at Royston 4000 at 8ft. 811. K. Westn. 500 at 47. 811. Shield 2000 at 3. 100 at 3ft. SUver Std. 200 at 5. 8,000 Miles truck on I Bonania 1951 Model older OU.... unlisted Stocks Kentucky-Uta- b Will accept Ore Shipments xUtah Id. Bug. Pfd. Little May 1 Trans-Un- OU Utah Con. ah n. xS liver standard Sioux Mines i.. 3ft, 5000 at . ry . Mng. xNo. Standard 5564-561- With Winch HU re-Mexi- co ft Oil xNev-Ta- h 5507-550- Dodge Power Wagon 'J cus-min-ed. xMono Kearsarge Moscow xUtah-Ww- r milTIPn - Leonora xTrana-Unlo- nriri 9 j se-ne- xKentucky-Uta- h xProsper rs ri Kill I xHoweU 5454-550- 7 ut 811. Shleld-r-20-00 ut 5522-555- o SALES high-count- Eureka Mine, (Eureka Stan Qold Chain (Grand Depos Great Westei Horn 8liver 5451-550- 5502-552- 2 81, 1958 defense mineral exploration conDENVER, Colo. Thirty-tw1000 at 8ft, 89 at 5ft. Bristol tracts, involving nearly $900,000 in government and private funds, Bullion 1000 at 4ft. Cardiff 500 at 20. have been signed recently between the Department of the Interior Clayton 8iL 100 at 27. and mining property owners and lessees in Arizona, Colorado, and Colorado 4000 at 2. Col. Rexall 200 at 7. Utah, J. H. East, Jr., regional director of the Bureau of Mines, Comet 1400 at 7. Commonwealth Lead 1000 at 3. announced recently. Dragon 1000 at 80. East Utah 1000 at 14ft. Barring heavy spring snow i Emp. Mines 1000 at 3. falls it is anticipated that the in- 0V1S6CI Grand Deposit 5000 at 3ft, 3000 at search for critical and1 tensive 3ft, 285 at 3. Great Westn. 4500 at 18. strategic minerals can be Leonora 200 at 5. newed earlier than usual this Little May 1000 at 4. ixa A AdlLllttA Mag. Ld. ft OU 1000 at 8. been winter for the has year MaJ. OU ft Mng. 1000 at 4ft. mild in most areas, East said. Miners Odd 3000 at 4ft. A Mono Kearsarge 1000 at 5. Low maiket prices for lead and KT TVIitwa OU ft Mg, 1000 at 11, 4000 JL IT deC a have far zinc. been jtU.U. greater at 10ft. New Park 200 at 1.55. to. exploration than the terrent OU Securltels 1000 at 38. snow that blocks The Securities and Exchange Park C. Con. 2000 at 25. SU. at 3ft. access roads, he added. Commission has revised its reg-SUver Std. 1000 at 4ft. I ulations w Mlnprnlg sought under the Tlntlo Std 20 at 98, 800 at 1.00. relating to small Trane. Un. OU 500 at 10. curities DMEA contracts include offering exempt from WUlls. B. OU 200 at 35. The rules apply CURB SALES asbestos, copper, mercury, flu-- registration. Cardiff 500 at 19. to issues of $300,000 or less, orspar, tungsten, uranium, lead, Clayton 811. 200 at 25ft. and zinc. Government particiThe commission continues to Cm. Eg. Oil 1000 at 8. Dragon 2000 at 81. or financial these aid in such issues from the exempt pation Grand Deposit 18500 at 3ft. Great Westn. 500 at 18. (projects amounts to 50, 75, or registration formal! ties re-9-0 Miners Odd 27000- at 4. per cent, depending upon the quired for offerings of larger Prosper OU ft Mg 1000 at 2. heed for the availability of the proportions, but now requires Sundance 011600 at 18ft. ' Tlntlo Lead 1000 at 8. metal or mineral Federal aid is that an exempt issue cannot be WUlls. B. OU 4000 at 33. 200 83. at repaid when ore is found and sold without providing the Dragon Gnat Westn 500 at 18ft. Itomer with an offering circu- MONDAY, MARCH SO, 1953 32 new The projects increase kr containing certain minl-t- o KAIJtg 107 the nrmber of active ex- - I mum information, including Bullion 1000 at 4ft. Cardiff 1000 at 21, 2500 at 20ft. contracts in these nanclal data, Central 8td 1000 at 2ft. three states, together with New The revised regulation Croff OU 500 at 24. Dragon 700 at 81. 800 at 80k 500 at 82. and Wyoming, East quires that the new offering ast Std 1500 at 11. stated. The total estimated in-- 1 circular contains information on Mines 3000 3. at Emp. Grand Deposit 1000 at 2ft. 18000 at 3. vestment in this widespread ef-- 1 the general nature of the comKentucky Utah 1000 at 9ft. fort to increase strategic ore re-- 1 panys business,, the names of Moscow 3000 at 2. MaJ- OU ft Mg 3000 at 4ft. serves is $7,044,206, with the officers and directors and any 10000 at 4. Minen Gold government-providin$3,987356 outside, controlling JnteresfcMhe ML "States- - Dv lOOO at 4ft'. OU ft Mg 2000 at 11. kind and amount of the issue, and interests $3,056,850. private New Park 200 at 1.65. I Abe A underwriting commissions North Std 1000 at 4ft, 6000 at 4. list, naming contractor, Park C. Con. 1000 at 27. to the issuer, the d proceeds or mineral metal, gov- I county, Plumbic 1000 at 7ft. use intended the proceeds, a of ernments share 8U. K. Westn 1900 at 48. private 8U. Shield 2000 at 3ft, 1000 at 3ft. statement financial of the conv contracts of of share the cost, SUver Std 1000 at 8. and statements income for executed for Utah Pany South Std 1000 at 9. recently Tlntlc Std. 300 at 1X0. least two PrecedinS flacal at mines follows: Trans-UOU 2000 at 10. West Toledo 1000 at 6. Ellihill Mining Ca, White years. Willis. B. OU 500 at 31, 500 at 33. 500 Under the new regulations, the Canyon, Utah, San Juan, uran- at 34, 5700 at 35. use of limited written adver-Sa- lt Zuma 5000 at 3. ium, $17,145, $1905. Fred Staats, CURB BALES Lake City, Beaver, fluor- tisements or other written com-spa- r, Colorado 1000 at' 2ft. Dragon 500 at 83. $17,500, $7500. Salina Min. munications in advance of the North Std 3000 at 4. & Smelting CO., Cbmpton, Calif., the distribution of the offering SUver Std 1000 at 5. Tlntlo Std 400 at 1X0. Grand, uranium, $15,255.45, circulars is permitted. . 0111000 at 10. . $1695.05. Boomerang Mining FRIDAY, MARCH 27, 1953 Co. Gateway, Colo., Grand, BALES Cardiff 1000 at 22. uranium, $21,70.84, $2411.76. Com. Lead 2000 at 2ft. Moreno Cripple Creek Corp., Dragon 1500 at 81. Week Ending March 27, 1953 East Std 2000 at lift. Denver, Colo., San Juan, uraniEast Utah 2000 at 14. um, $19,260, $2140. Glenn Min-- 1 BINGHAM DISTRICT, UTAH Grand Deposit 30000 at 2ft. Leonora 1000 at 4ft. ing Co., Moroni, Utah, Piute, Little May 1000 at 4. $2319.50. Combined Metals Reduction uranium, $20375.50, Mag. Lead ft OU 1100 at 8. Min& S. U. 300 tons. Co. OU 7000 MaJ. at 4ft. Smelting, Refining ft Mg Minen Gold 2000 at 4. Salt S. Mines 8541 tons. U. Lake Salt City, ing Co., Mt. States Dev 2000 at 5ft. $74,Utah Nev.Tah OU ft Mg 5000 at 11, 5000 Lake, Copper Co. (Kenneoott) at lift, 3000 at 11. 976 Duke 762.50, $74,762.50. Page cars, daily average. North Std 3000 at 4ft. Auto Co., Payson, Utah, Juab, Plumbic 1000 at 7ft. DISTRICT, UTAH PJrosper OU ft Mg 5000 at 1ft. lead, $885330, $8853.50. J. G. EUREKA SU. K. Westn 300 at 46, 50 at 45. Chief Consolidated concenG. & L. 100 at 2ft, 10000 at 3. . 6U. Shield Shumway, Blanding, trates 25 cars. SUver Std. 500 at 4ft, 9000 at 5. Utah, San Juan, uranium, $4050, 100 at 1.02ft, 10 at 97. Tlntlo Std Dragon Cons. clay 15 cars. $450. CURB BALES Mountain View ore 1 car. Cardiff 2500 at 22. Com. Lead 2000 at 2ft. Empire Mines ore 2 cars. This bit of truth Dragon 1500 at 81. at Courtesy J. A.- Hogle & Co. East Std. 2000 at lift. Do not forget: East Utah 2000 at 14. ' Nev-Ta- h or . Hc$ Mineral Exploration Loans Aid Western Mines re-i- n .... .... .... xEast Standard E. Tin. CoaTn xEast Utah TUESDAY, MARCH One Tear I&50 3, 1953 , . CURB BALES East Std. 3000 at 10. Grand Deposit 2000 at 3ft. Little May 2000 at 4. New Park 100 at 1.52. Royston 3000 at 8ft. Tlntlo Stdd 800 at 1.00. ASST. Sale A88T. Bale SUver Std. fte, Del. sold asst. pd. on 3.11-5- 3. Com wealth Ld. ftc, Del. Sold ant pd. on 85-t- on - ever drowned Themselves in sweat. o one Grand Deposit 30000 at 2ft. Leonora 1000 at 4ft. Little May 1000 at 4. Mag. Lead ft 0111100 at 8. MaJ. OU ft Mg 7000 at 4ft. Miners Gold 2000 at 4. ML States Dev. 2000 at 5ft. Nev-Ta- h Oil ft Mg. 5000 at 11, 5000 at lift, 3000 at 11. North Std 3000 at 4ft. Plumbic 1000 at 7ft. Prosper OU ft Mg. 5000 at 1ft. Bil. K. Westn 300 at 46. 50 at 45. 811. Shield 100 at 2ft, 10000 at 3. SUver Std. 500 at 4ft, 9000 at 5. Tlntlo Std 100 at 1.02ft, 10 at 97. CURB BALES Cardiff 2500 at 22. Kentucky Utah 2000 at 9ft. Miners Gold 1000 at 4ft. Nev-Ta- h OU ft Mg. 500 at lift. Oil Securities Prosper OU ft - Lakeside 1000 at 1ft. Little May 1000 at 4. Madison 1000 at 28ft. MaJ. OU ft Mg -- 1000 at 5, 4000 Mopo Karsarege 1000 at 5. ML States Dev. 1000 at 5. OU Securities 100 at 42. Prince Con. 1000 at 8ft. PhunMo 600 at 7, 4000 at 7ft. Prfosper OU ft Mg 4000 at 2. Rico Arg 20 at 1.92ft. Royston 1000 at 8ft. SU. K. Westn 550 at 46, 400 300 at 47. SU. Shield 3000 at 2ft. SUver Std 5000 at 3ft, -- ZCMI Ashley Valley at 22. Dragon 1000 at 81, 300 at 82. East 8tL 1000 at 11. Grand Deposit 2000 at 2ft. SALES 1000 2000 at 17. 3000 at 1ft. Miners Gold 2000 at 4ft. Plumbic 1000 at 7ft. Silver Std 5000 at 3ft. 1000 Tlntlc Btd 600 at 1.02ft. . Great Westn. Xnd. Queen ' OU OU at 48, Equity Justhelm Western States Ref. Utana Basins OU CURB BALES Cardiff 500 at 21ft, THURSDAY, MARCH 26, 1958 Cardiff 5500 at 21. 1000 at 22. Croff OU 9500 at 24. Dragon 500 at 81. East Std. 2000 at 11. Emp. Mines 1000 at 3. Grand .Deposit 15000 at 2 ft. Howell 1500 at 20. These quotation furnished by Lynch, Pearce, Benner ft Beans, Second South St., Balt Lake City, at 4ft. .Amalgamated Bug Pfd.. g Bid 9.00 First See. Corp. Class A.. 23.00 Mountain Fuel 22.00 Utah Fire Clay 18.00 Utah OU Refining 33X5 Utah Southern OU 15.75 South Std. 1000 at 9ft. Tar Baby 2000 at 2ft. Tlntlo Lead 1000 at 8ft. 1000 at 40ft. Mg. 8000 at 2. Std. 3000 at 8ft. Tlntlo Std. 200 at 99. SUver Industrial Stocks at 4. Merrill 23 East Utah. Asked $ 9.40 24.00 22.50 19.00 34.50 16.50 83.00 58.00 .38 J3 10.28 11.00 17 .19 1.15 1.29 19 .20 f Eastern Stocks These quotation furnished by J. A. Hogle ft Company. 132 South Main Bt., I alt Lake City, Utah. AH American Smelting 840ft A Anaconda Copper 41ft HM Homes take Mining 39ft N International Nickel j.. 48 PD Phelps Dogde 39ft . KN Kenneeott . 74ft UTP Utah Power ft Light 34ft . , |