Salt Lake Telegram | 1927-12-30 | Page 8 | Mining, Oil and Financial Notes

Mining Oil Oi and Financial Notes 9 UTAH OIL Oin REFINING Accor According to reports from Cola Cob the lIce Midwest Refining company will wi ship hp lt Its output from frone tIme the lies lie l' l field d M Moffat Morat county Colo Cob to tho Plant of oC the Utah Oil Refining company The Tho Midwest Ild t has ho 01 completed a pipeline from the field feld to Craig CraI and axed a reduced freight rate has less been granted by the Denver Rio Kio Grande railroad from Crom Cral Craig to Salt L Lake ke Tho The shipments will wI commence about January 1 Under present arrangements the Midwest Midwest Mid Mid- 31 elwest el- el west Unter production In the tho lies les field eld has been purchased by a a competing oil 01 company com corn pany and shipped to Casper Wyo to be refined in that company company's plant Continuation Con Con- of oC this arrangement it I is pointed out will wi be uneconomical from the Midwest's standpoint in View of the lowered rate rte on lt Its I. I production from thele the lies Ilea field eld le This arrangement will wil also gl e give the Midwest's subsidiary here In Salt Lake Lako an opportunity to refine rene Its own crude from the lies les field Instead of oC passing It I onto a a competitor It I l is also known that the Utah Oil 01 Refining will wi continue to supply gasoline to the leading distributing dis dIs- dis- dis companies In this territory and more outlets of the Utah Oil 01 Refining company In this territory that heretofore heretofore hereto hereto- fore Core has been going to competing companies com corn panIcs will wi give the thee Salt Lake refinery a larger large outlet for its Is products Developments now v under way In oC fat county count Colo presage a I greatly greaty in increased In In- creased output of oC crude oil 01 YS OO 10 TO HAWAII Mr l. l and Mrs W W. II IT J. J Eardley left Thursday for San l Francisco from where they will wI sail saI for Hawaii HawaI Mr Eardley Is assistant manager of the tho United States State Smelting Refining and ane Mining company with celtIc headquarters headquarter In Salt Lake lie hOe le was recently married to Mrs Mr Eardley formerly Miss Elizabeth Elzabeth Kitchens Kitch Kich- Kich ens of at Salt Lake A MAS S AGThe AG AGAIN The Alta Ita stocks are arc again active but this time there seems scenes to be more moore behind behind behind be be- hind the movement than Clean a lavish outlay of oC promotion stuff that iliaC usual usually causes caust a astock astock a stock movement In this group It 1 is 18 pretty well wel understood that a a large fi financial fi- fi backing Is to be given gl 11 n the Alta Ala district for the completion of the tile Wasatch Wa- Wa satch satche drain tunnel of the Mineral l Veins company that will wi permit tho draining of oC the ties Alta Ahta Alo district at depth and provIde provide provide pro pro- vide a development campaign tor for the district on a a large larAe scale scle Man Many things are said to be b still sti pending before final nal settlement of oC the deal A A 6