Salt Lake Telegram | 1927-12-15 | Page 14 | Mining, Oil and Financial Notes

I Mining Oil Oi and I Financial Notes I TEST The TIte crew of the tho Ashley Valley Valey oil 01 tc test teat t be being ing drilled dried by the Midwest Es Exploration lora lora- li tion ton on company for bC the Utah Oil 01 Refining an and d Utah Southern is I cleaning out the bo bole le and sad carrying a a. ten Inch casing at 13 1340 40 feet The test tut Is Js northeast of V Vernal ernal The gas gal li b 1 downed but caving In the hole i Is 1 causing drillers drier consider consider- a ab beJ el trouble I The Tite crew of ot the Rangely test of ot the Midwest Sl Refining company Is Ie drilling an and d the hole was wal down feet on T Tuesday Tile The The bit Is II In pink shale Ibale I an and d the hole i Is balled baled dry The recent ce cement jOb lob Is I. hol holding with tho gas cas a beldIn held beld In check by heavy beavy mud The crew is w working tours tour R n. J DIVIDES Directors of the Sugar SUlar Banking company com com- po pany ny have Jave declared an annual dividend of ot S 8 I per pr cent on the capital stock The rhe di disbursement will wi be made stockholders be fore Christmas The rho banks bank's deposits h have ave Increased the past pat year It Itla Its la is s announced Indicating the Improved co coth In the southeastern portion porton of th the be e city The bank Is I. at Sugarhouse UTAH MINK MOX IF DIVIDENDS The payment of ot dividends by Utah I m mining ining companies for Coo for the closing quarter ter o er r of the 1927 1327 and the extra etra holiday dl start Thursday Payments to be made Thursday will wi a mount to The Sl ining company will wi distribute a dI dividend of ot 20 0 cents cent per per to Its Is t amounting to T Tho ho he Rico Argentine Rico Mining MininG company w wi ill pay a a. dividend of 3 cents Per eh share hare are which will 11 aggregate aggreGate 22 U- U 08 81 35 The Tintic Standard Mining company w will wi ill disburse In dividends O Oa On n December 13 1 the company will vl pay paya a dividend of ot 20 cents per share hare on onIt ons Ona It s a I stock amounting to and o 0 n January 2 next It I will wi pay a dividend ot Of f 30 cents cent per share aggregating In b for the the stockholders 4 Stockholders of ot the Silver King SlIng Cool Cool- Coall- Coall Coo li lion ton i on Mines Mine company will wi receive a a dividend divi- divi d end eed of ot JO 10 0 cents per por share on December Decem- Decem b ber cr er 24 2 aggregating Then on J January 2 the stockholders will wi be paid a a dividend end of ot 25 2 cents per share a mounting to making the tol total to- to ta tal al l holiday distribution to stockholders 8 The Park Utah Conol Consolidated aed Mines limes c company will wil pay a dividend ot of 20 p per er share sharo on January 3 3 amounting to 8 On the same day the M lines Unes company will wil pay U 1 t dividend 0 on n 11 each of ot Its I. I shares of ot stock o 01 r a total of ot with which to b egin 1928 1320 distributions Durin During 1927 1327 Ib ils is company paid In dIvI- dIvI d ends denda to shareholders Six Utah Vials mining companies have paid In dividends during tile the past y ear car This remarkable record was as 01 al f fo Utah Copper TIntic Stant- Stant a ard rd U 1 Silver King KinG Coall- Coall Coal Coal- lon ton lon P ark ant Utah Consolidated Mines Mine 1 00 Cardiff and S lines MInes 17 lIlt KID VOlt FOR gir u RING KING Tho The SlIver Silver King Coalition Coalton Mines MIne corn corn- p any pany an which a short abort while ago acquired c control of ot the Sliver King Consolidated S company and its Is property In Ic Inthe t the lie Park City district has sent out c circular letters to the remaining few feet s stockholder of ot Sliver Silver King ted t- t C ed d offering them a a share for their e tock lock or 11 exchange of ot the latter latet stock f for or Silver King RIng Coalition Coalton at the rate of ot 4 s six Ix shares of ot Silver King Consolidated f for or one share of ot Coalition Coalton Since the C lon Coal took over the te Silver King C Consolidated there have been several assessments as- as s of ot 10 cents a a share and one oat I If o ot f 5 0 cents a share to pay for development development develop develop- m ment eat wo work k and other expenses TARIFF T. ON OX SILVER SIL Senator Sona-or Sona Key Pittman Pitman of ot Nevada Nevada ba has ha p propose an amendment to the tariff 6 a act ct producing a duty of ot 30 cents an ar I o ounce on all al sliver silver Imported He lie le claims claim A American merican mining Industry with Its Is goO good I wages needs protection from the low lee p page w wage age production of ot other countries sout south ot o f the United States d