Salt Lake Telegram | 1928-04-20 | Page 10 | Mining, Oil and Financial Notes

11 Mining Oil Oi and 01 j Financial Notes I ti t After plug plugging ln back the gas In the Ashley Valley Valey test teet on the eastern Utah boun boundary ry has ha been diminished from Us its Ia I Initial Slow flow of cubic feet daily daly t to o about one fourth of that amount amount ao- ao c cording to word received In Salt Lake Orders have not yet et been given Riven to pull pul t the he casing in the hole The Duchesne Duchone Midwest test teat is dilling In a lime shale shalet a at t about 1876 feet and an Maude Jaude Ellen KHen Elen teats test teat l i U s drilling at 8 feet with the bit Ina Ona in On ina a sandy candy pink lime formation Drilling i In n the Rangely Y test still Is ii held hed up by c casing asing fI trouble I The Tho annual report of the Consolidated Consoli Consol dated corporation for 1927 has ha been submitted to stockholders by Howard D. D Smith president showing production of pounds net dee elec electrolytic t copper and over of ot preciou precious pre pro c cious lous metals The balance sheet on December De Be metas cember 31 31 1927 showed Yd sho total tota assets assets- valued value at Including current assets of Current liabilities t totaled giving the company working capital of ot In I Its I balance sheet the company reported s surplus of and reserve for de depletion de de- of Copper r rt at t the close clone of the Y year r was Inventoried en g ra a at 1 lla cents i a pound A A