Show ant v 4 iff 0 a S X notes on the oil industry 10 je 0 S C T roland in behalf of texas oil operators has obtained a bond on the property of the lake shore oil gas company whose property is located on the shoreline of the great salt lake the uintah oil company owning property in wasatch county has let a contract to J A beverley for the sinking of a deep well in the development of its oil lands A standard rig is to be installed on the ground as soon as possible A special from evanston wyo to the daily herald says news has just br been en received here that yesterday afternoon some miners open opened ed up a fissure of oil in no 3 shaft of the spring valley coal mines a astrea stream in of oil spurting out two inches in diameter with wilh great force accompanied by gas the shaft rapidly fl red filled with oil and bailing commence commenced d from twenty to thirty barrels being balled out u up P to dark last night bailing was bommen commenced ced again this morning and a large amount of oil balled out which was allowed to run to waste there being nothing available to store the oil in the shaft seems to be gradually filling and the owners evidently have an oil proposition on their hands so much gas is present that workmen are not allowed to go in the shaft or near it with lamps it is not bof known w what hat action will be taken as to the disposition of the output A correspondent from mt pleasant to the daily herald says the mt pleasant oil gas company is making good progress with its operations these days william zabriskie president of the company has had a retort constructed at his place and has been extracting tr the oil in its natural state from the shale found all over the mountainside where the companas comp anys property is located with wi th the apparatus used which is crude and incomplete mr zabriskie has succeeded in getting gatting an ounce of partially erpf refined ined oil from a pound of shale for the lot which he put through the retort this is considered a good showing for the apparatus used and is pleasant news for the stockholders the company has announced that it has found a company which can and will place a sufficiency of the treasury stock to secure enough funds to purchase a drilling plant to be used in the development of the property the outlook for the company is considered the brightest it has been since its organization |