Show FIGURING ON OIL Activity in Development OilBoring Machinery Coming Price March Representatives of a syndicate of Denver capitalists were In town yesterday figuring with the representatives repre-sentatives of four different oil companies at this place with a view toward tho development of the oil lands of these four companies I Is known that thrco of tho companies entered Into satisfactory satisfac-tory arrangements for the development of tholr properties with the representatives representa-tives of this syndicate and It Is believed that tho fourth company will make tho same arrangement today If not already having done so For a certan amount of the treasury stock of each company tho syndicate agrees to place upon the property of ono of the four companies a standard rig within sixty days and to drill n well to the depth of 1SCO feet unless oil In pay ing quantities shall have been struck before be-fore that dcnlh hH hfinn n I lnlnr > ri these four different companies properties arc I in close proximity to each other no concessions con-cessions to b made tho syndicate until I time well Is down 1500 feet unless ao before be-fore stt dol In paying quantities shall I quanttC have been reached before going down that distance Tho oil land owned by l theo four companion com-panion has been examined by several oil experts and pronounced by all of them as showing the best oil Indications of any lands yet discovered In this State Ono of tho four companies la the first company com-pany orpanlzrd In this part of the country coun-try and ha been a bonatldo company for nearly a year pant This company has never placed a share of its Block on the market nor do they t Intend doing ao un dolnb til they demonstrate that their organization organiza-tion la not u wildcat uchcmo similar to much o the 011 stock which Is now flooding flood-Ing the Eastern market Mr S MacEachon general manager of MacFacha monagOI smornl tho New York and Utah Oil company wnoao headquarter arc at this place states that his company will noon J have oil boring machinery on cer1 of their holdings In this neighborhood This company com-pany OWl a large amount of oil lands in thin part qf the country and with the IncrcaHtHi activity of tho various synch ateHlntbe past few days It looks a though It would bo demonstrated erelong ere-long to tho satisfaction of those interested inter-ested whether our claims to ollbcnrlne landH in this vicinity are valid or otherwise other-wise I Is tho opinion of many hero that before tho end oC the summer season I theo will bo an oil boom In thin part of the country such aa Pennsylvania Call fornla or Texas never knew or dreamed of have lnny visi representatives neighborhood of oil ByndlcStcs during the past few weoka quiet Blzlng up the situation and moro are Comimig daily Vn and T It Is qccted that the boom enly reach hero In a very shOrt time wi her n tmc as from lS t pre out InelClon I thhb are favorable for such a boom |