Show SALT lAKERS BUY BIG OIL TRACTS Sam Samuel el Newhouse and Others Oth ers Actively Interested ted in Wyoming Projects Among Amons the ho latest o ot of th th prominent men to become interested In the Wyoming Wyo ming liming oil fields Is Samuel Newhouse who with has acquired a large area of oil lands on the great Powder River dome near Casper Wyo The rhe opening of a t- new well on onan onan onan an arm of this domo within tho the last two weeks has caused a scramble for tor lands in the vicinity according to reports re reo ro- ro ports from tho the district Representatives tives of Mr and his associates associates asso asso- elates have obtained 1000 acres of land landin landin landin in the heart of the field a company has been incorporated and the tile stock underwritten so as to place i in the tile treasury with which to begin I II I operations at once The new well has bas encountered the Embar sands which the United States geological survey engineers and geologists geologists geologists ge ge- ge- ge for the state of Wyoming and for the University of Wyoming had previously reported would carry a large amount of oil The last report from the well was that it is producing barrels a day Tho The new company has been Incorporated incorporated incorporated as the Embar Oil on and Refining company capitalized at Samuel Newhouse is president with Robert K Staley on one of the most prominent brokers of Casper and other well known capitalists of Salt Lake and Wyoming as officials of the company Fred Hammond counsel for forthe forthe forthe the company at Casper was influential in bringing the deal about The details of the company have been worked out in Salt Lake through Judge A. A J. J Weber and United States Senator W. W H. H King The Powder River dome is fifteen miles from the Salt Creek dome from which barrels of oil a day clay is isnow isnow isnow now being taken Carroll H. H mann of the United States geological survey says in his report the domes are are very similar and apparently were I produced contemporaneously by the i same forces acting the same way The land acquired by the Embar Oil and Refining Joins ground on which I the Western Exploration Jupiter and Hecla- Hecla Wyoming Hecla-Wyoming and others are now drilling wells The acreage is practically practically practically cally the pick of the field according to officers of the company as it was acquired by the former owner some years ago when little attention was paid to the field Reports have been made by six geologists geologists geologists ge ge- ge- ge of national reputation who all concede that the dome is one of the most perfect structures In the state and th thus s far every perfect structure has has' developed an oil field fieldIn fieldin fieldin In Wyoming they further declare Among the reports ni made nade de on the field are those of Carroll H. H Vege mann for the United States geological survey the late Wilbur C. C Knight for forthe forthe forthe the University of Wyoming L. L E. E state geologist for Wyoming Wyoming Wyo yo ming D. D W. W Hudson a California geologist geologist ge go- Dr Howard Evans Elliott and W. W C. C Hall former state geologist New York capitalists have taken a third of the treasury stock and Wyoming Wyo Wyo- ming and Colorado capitalists have also taken a large part of it LOS ANGELES QUOTATIONS Badger Bros brokers South Main street furnish the following received over their private wires yesterday I I 1 Bid I Asked Boundary Cone 2 s n-s C Carter Gold 1 I 1 Lucky Boy 4 1 1 2 Tom Reed 43 44 United Eastern 42 United a Northern 1 m 2 4 I United Western Vestern 2 2 Amigo 7 7 7 I Yellow Pine V- V 1 2 I CHICAGO PRODUCE By Ely Associated Press S CHICAGO CHICAGO S Sept 8 Butter Un Butter Un changed S Egg s Firm Eggs Firm receipts cases case firsts ordinary firsts 35 Ste at mark cases Included c. c Potatoes Potatoes Higher Higher receipts 15 13 cars I Jersey Tersey cobblers bulk Minnesota Minnesota Minne Minne- 1 sota bulk Wisconsin t. t 12 LONDON MONEY By Associated LONDON Sept 8 Bar Bar silver saver per ounce Money 3 3 per cent Discount rates Short rates Short bills 4 H per percent percent percent cent three thrE months 4 13 1 gs 13 13 tier per cent |