Show BIG BOOM IN SOUTHERN UTAH cedar city record there seems to be no doubt as to the genuineness of the boom that is promised for southern utah as a result of the recent oil discoveries more than ten cars of machinery have been received at lund en route to the fields and it will be only a matter of a few days until there will be three or four powerful derricks on the ground others are on the way and before snow flies the country in the vicinity of virgin city will be dotted with machines employing an army of men who will have to be fed and provided for cedar city being the natural supply point for that section of the country local business men cannot fail to profit by the changed conditions if they are enterprising and aggressive gres sive stock in the star crescent company which sold slowly on the start at 20 cents per share cannot be bought now in any considerable amount at less than 65 or 70 cents and there is note not much to be had at any figure the star crescent is the company formed by dr middleton R G page halterman brothers et al principally of local capitalists ita lists writing from salt lake city under date of sept 2 the doctor speaks of the condition of the company as follows there is much excitement up hereabout here about the virgin oil fields I 1 have been imbor tuned by men wanting to get options on some of our holdings if we had any more stock in the star crescent for sale I 1 could coula dispose of any amount of it up here I 1 believe the time has come for a great development in southern utah B E H ryan is in salt lake again this week perfecting the incorporation of a strong company to take over a valuable section of ground owned by lafe mcconnell and himself and some good options this is mr ryans second trip to the metropolis tro polis in this connection and before departing the second time he reported that everything was moving along smoothly and in fact that the incorporation was being made at the solicitation of salt lake investors ve it is understood that a machine is shortly to be placed in the escalante district for the purpose of demonstrating the presence of oil in that locality though the indications are so conclusive that it seems scarcely necessary to demonstrate the correctness of the experts who have passed upon the field nothing further has been heard here recently from mr dooley and his associates who located a large tract of land in the lower end of the cedar valley but it is confidently fi believed that they will shortly have a dulling drilling rig on oil the ground for the purpose of developing their properties more than two weeks of the thirty day option taken by mr dunn on the corry middleton holdings in the virgin district have expired and it is now only the matter of a few days until the cash must be paid over or the option forfeited it is highly improbable that the option will be allowed to lapse as mr dunn is so enthusiastic thusia over the proposition and being a thorough oil man himself knows exactly what he is doing something should be done and that quickly to provide suitable transportation facilities for passengers between lund and the virgin district via cedar city from present indications southern utah is likely to prove to be one immense oil lake and rank among the most important oil fields in the world as the product Is pronounced of a very excellent quality |