Show Mine and Mart Mar 1 Comment I By LEE WILLIAMS Mines in the Park Prk City district shipped a total of pounds of ore during the week ended Saturday Sat Sat- The substantial decrease In production was caused by the shut shutdown down for Christmas Shipments by mines and in pounds follow Park Utah Consolidated Silver King Coalition m New Quincy Ontario DIAMOND WELL IDLE J J. W. W Musser manager of the tle Diamond Dia- Dia mond Oil on company compan reports that the company's well wel in Diamond Fork canyon is s shut down owing to a lost los string of tools falling over and bridging the tIe hole nole The Tile mishap oc occurred occurred occurred oc- oc after shooting the well wel to loosen up the oil oi sand An excellent showing of oil anc and ad adgas gas was evident but could not be determined owning to the bridged tools it i is reported Buskirk anticline is reported to be a proven structure and the company intends to drill higher up p on the structure where operations will vill wi be under better beter con con- dions Preparations are now going on with the object of commencing drilling as soon son as the weather conditions con con- s will wi permit TO MAKE OIL TEST Drilling has been resumed on tile the Krumvieda well wel No 1 of the Western Western West West- em ern V Venture ture corporation seven miles mUes southwest o of Vernal Veral and preparations preparations tons are being made mae to test tes for production pro pro- according to the weekly report of the the- ti company The hole is reported to be seventeen feet in ol oil oi sand at a depth of 1282 feet Much interest is centered entered in this well wel Inasmuch in inasmuch inasmuch in- in as it is the first test tet in the tertiary formation in Utah the formation formation for for- mation maton that produces big wells wels in California ar aid ar Russia Russia SUGAR PROSPECTS BETTER Most ost of the factors producing the te recent price declines in sugar are arc arenow arenow now floW discounted to the extent that there is now a more favorable outlook outlook outlook out out- look for the Industry the Economic Service Inc states Resistance Resistance Re Re- has ha appeared in the tile market markel inthe the past pst month Consumption in Europe expanded in Jn tire the tte past season and further growth may bo be anticipated anticipated antici antici- during the tile new year Consumption Consumption Con Con- should also alsO be larger In Inthe Inthe inthe the United States Large crops In Java Europe and the tile United States State are now beginning to lose Jose their in in- in fluence The market maket must still sti fa face facea e ea a a. large Cuban crop followed by an expected further gain in in Java Prices are now at a low point but buta a rise is to be anticipated in 1929 after ater the market has ha met the pressure pressure pressure pres pres- sure of Cuban mall marketing in the late winter I DIVIDEND DECLARED D NEW YORK Dec 29 AP Na AP-Na- Na National tonal Acme company of Cleveland announced announce today resumption of dividends divi on the common stock with declaration of quarterly cent 25 dividend divi lend payable February 1 to stockholders stockholders stock stock- holders hoders of record J January nuary 1 10 |