Show GUSTAVESON OIL CO SHIPS RIGS Drilling Driling in iii il Diamond Fork Canyon Expected to Begin Begin Begin Be Be- gin in Thirty Thiry Days Word Is received at the tho office of or the tho Gustaveson Oil 01 company compan that tart part art ot of I tho the shipment o of machinery purchased In California for tor their drilling drilling rig has I arrived at Thistle te Junction Tho balance balance bal bal- bal I ance including the drilling rig which I Iwas was vae shipped from Lindsay Linden Cal Cat In a separate car Is expected to arrive within the week weel Gustaveson Is enthusiastic over the I prospect of or the tho earl early development ot of I the Gustaveson oil 01 dome In Diamond Fork canyon canon which he discovered I Within thirty days daye says Mr Gu Gustaveson I expect three companies I to be drilling there the Gustaveson Oil 01 company compan the Utah Consolidated Oil 01 I company and a syndicate of oil 01 men mennow mennow now among the tho largest operators of ot I Kansas Kansis Oklahoma Texas and Call Cali I fornia tornia These hese people purchased a 3 Cal CalI rig fUl fully equipped which tho they had hal In Inspected Inspected Inspected In- In before lea leaving California The rho same Is now on the cars being shipped I to Diamond Fork lork canyon I IVe We Ve have engaged cd two two competent drilling crews and arrangements are re I being made to commence operations just as soon a as the rigs and other ma- ma ma 1 1 can be bo delivered on the tho prop prop- prop prop-I I erty Two other companies Interested Interested In land adjoining our holdings 8 contemplate plate drilling on their properties durin dur dur- in lug ing tho the coming spring This will wi make mako five in all and certainly tho the Diamond Fork section will witness wonderful activity within the tho next few months While In Jn California I J visited the 1 leading oil 01 fields of ot that state and after making vcr very careful comparisons comparisons' I am m still convinced that we wo have hoe In Diamond Fork I canyon canon one ono of ot the largest undeveloped oil 01 fields in the I country And I am happy happ to be among the citizens of or the state in testing out th this Is field eld I I U. U S. S Reserve Banks BanksT i v r I o 0 n Feb reb S 6 S. Demand for tor loan lonD 11 week showed a decrease I stationary y with rih a 1 It during durn the week k ma u revealed tonIght In th tho weekly federal rc reserve bank statement Monetary condi condition tion generally were nero during the week The Te statement nt follows GoM Gold Gol coin and end certificate 24 settlement ment fund federal reserve eo board bori ctt rl Gold with Wilt foreign SSt COO 1 Total gold li h Id 1 liy ty banks 11 Gold 01 with t federal leral dvo agents I. I KO Gold Golc redemption fund i Total ld reserves r es Jc J 11 tender fender notes sliver silver etc etl 6 Total rosettes reserves nit DI DUN discounted Secured by orn wa 11 as t ll C Ct AU other t other I Hills bought O ht In open market O Total ToUl Wits bills IIA on 00 band bont X U U. S. S government Jong loog term terra ties cs ts U. U S. S short term 50 fate cates All 1 other ether earning n assets ets 4 bId earn earning In assets 1 40 Bauk premise O Hems Hem ind other deduc deduc- from sro r deposits luc luc- 6 lie per pr cent redemption fund lund na against federal r reserve ene bank notes Dotes All II 1 other oIlier sources re-sources Total resources I LI LIABILITIES Capital paid pai In in ID s C 00 I Surplus dl deposits WO i Duo to member reserve account 1 1 Deferred Items HlO COO O Other dep deposits Including foreign gov- gov I credits I grus deposits IP ls O Federal ral reserve notes Dotes In actual cir dr circulation c er r reserve cne bank book notes In 10 I lion tion rc net le liabilities les lall All Al other I Total liabilities Hallo Hoto of or total to net deposit and le federal fed fed- cent cent oral eral cri reserve resene note liability Jab lr combined 35 5 per pcr Ia Ratio to of or gold cold reserves to federal reserve notes notee Dote in circulation after r aside 25 23 setting per cent centI I against net liabilities CG per cent O p 0 o I Clearing House I j p O 01 0 I New IW York Teb leb Jtb The actual condition of ot clearing house Lan banks and Bod trust tUt companies for forthe forthe thc the el ek how i-how IOn that they hold hoM reserve re re- re serve In excess of legal This Is Isa Isa I I a decrease of or 2 from tom Jn lait t week I The fe statement follows ACTUAL CONDITION Loan Tori discounts discount etc decrease C Cash h lu own onn ault members federal reserve resene u a ai Increase I He p cn la in 1 fid rul rl reserve bank ban banot of ot member r banks lank decrease I He er e Jn Jo own aul vault slate bunks and ano trust truit I I. I Increase 6 I H In depositaries banks sod and trust I. I CI K 70 x et et 1 demand lemand deposits 0 decrease r. r IO O. O Net ct Limo 1 decrease se Circulation I 1000 Increase 1720 Specie Included In II 1 a and li l' x United States deposits IA I I i K ce reserve 37 decreaseS decrease c. c SIS STATE BANKS TRUST COMPANIES Sun of or state slate bank trust companies In Stealer Grealer I Ir Now Nw I York not wC Included In clearing c t an fla etc 7 lOlO Increase SZ UC Iod od 83 1 t MO Increase 1500 and bank u tu Increase ilta federal reserve bank New e Sor York i. i 7 d IO Total sl decrease I 3 Z Banks Cub Cacti In vault Sli C OO Trust companies cash uh In sault tault w. w 4 O. O I 1 o I Coffee r-Coffee Coff Coffee ee Market lIar et 0 I New IT York Teb S. S There Thre There was wan a a renewal of ot scattering liquidation In tn the market for lor coffee futures h here iee e today and nd after Iler at nt a 1 decline de de- de- de I dine cline lD of ot to ale I point n months sold Fold shout about ten tel to lo i Points net lower JO May Iy contracts eased oft off of to 1 1395 and December la to to 11 1310 with the market closing at lt a n net nt decline de do- J I dine cline of or six elx to fifteen points Reactions In the Santos future market mo 1 hid ball some In Influence In fluence luDt but local IORI brokers were more inclined to the tue decline to tl talk tolk of or generally un unsettled Industrial conditIons condition ant md nd absence of or any Iny support s Closing prices rees May HW 1100 July 1360 16 September 1330 33 October It December D De Dc- comber cember 1309 1109 January 1300 21 2 Spot toffee coffee quiet lila Ulo IZi IU Santos Is i |