Show UTAH LIE LAKE OIL OL WELL WEL STARTING Elk Basin Will Tin Also Start Natural Gas Well en Near Provo Secretary P. P 1 II 11 I. I Ball Bal of or tho the Elk ElIc Ele Basin United Oil 01 said yesterday Our drilling Il rig for tho the Goshen Ya Valley 1 ep well wel Is Js now being erected on I tho well wel site and drilling will wi commence com corn mence during the coming week The Time famous Pat Holahan antI and his son eon aro ane In In charge chargo of or tho the drilling activities Vo o 0 are also arranging for a well wel for tor I natural gas as at Provo Our geologist eolo I has ma made o his report nn and Is Isery ery very favorI favorable favor favor- I able Indeed on a certain structure al alIn almost al- al most In the cl city limits there We Ve ex expect cx- cx poet to place another Lother rig on this site sie j eX-j during the tho present month and make snake a quick hole I I Our first shipment of ot oil 01 amountIng amount- amount hag Ing Into to souse gallons of or grade grado grado 34 gravity ra Ir crude wont went Into tIme Iho pipe lines recently an and our four tour producers producers producers pro pro- aro pump pumping In Inlo the storage tanks 9 again for limo Iho next shipment It ItIs Itis I Is tho time compan company's 1 intentions to set aside the Iho revenue l from this production llon tion as a dividend for fOt our ers era in iii the Iho llo smear near future and add to It Ital all al revenue accruing fn frn m tho the sale of ol this production We Yc aro ao r l ht pleased to havo o ha tho the distinction of be beIng being being be- be ing the first of or Salt Lakes Lake's oil 01 companies com corn panics organized In Utah that Is creating croat creat In lug ing a hl dl dividend nel fund from Its Js own pro- pro I COI FE r T Noir New York Dee Dec 7 CV nf see WP- 1 till repressed In coffee circles here today twO n nto 01 to tl whether U rs uC of time the Ih i l Ct u iv hi MI I meeting on 1 morning would decide to tIe The situation resume In iii future llalon In other oilIer I it w nan va nl nim o reported Inc entirely l. l O hr with spot Knot in wih Pt of ot r and IrregularIty to 10 the time scarcitY fC J oni onh business reported lu la the co cot cost t anit market wa was n a small sale n of 01 Santo lo 4 b 5 ot at WM 2085 wo wil shipment American credit The Tho official 8 cable ble a de decline of ot 75 73 o fIn f ris In the lila Illo market Tho ho Simon Santol pot pt t WI not 1 lo aud aul futures w wire i 7 73 i t r bar bar- bari wf V i 1 11 1 t L Lier |