Show wn GALLONS OF I I GASOLINE GOES T TO WASTE DAILY Analysis Shows Gal Gallons Gal I a Ions lons to 1 1000 Cubic Feet of Gas Near Salt Lake More than gallons of gasoline Is going to Waste dally daily within twenty miles of Salt Lake This gasoline Is contained in the three to four hundred million cubic feet of natural natural natural nat nat- ural gas which escapes each twenty-four twenty hours from scores of blowouts on the flats fats and me mesas as adjacent to the lake to the northward of the ct city According to an analysis Just completed for L. L L. L Doa Boas Boa vice president and director director director tor of the Pioneer Oil Oi and Gas company each cubic foot of the gas contains gallons ot of gasoline or a greater geater percentage percentage tage age than hal that of f any ny natural gas gaa ga known I i I I i I I I I I I I I i i to exist in tn the tac United States I Computing the amount of natural ga ga gai going to waste daily daly near Salt Lake as cubic feet which is considered a conservative estimate this would give even more than gallons of gasoline Several oil 01 men one of whom has been connected with wih the Standard Oil on company for a number of years yesterday yesterday yesterday yester yester- day were guests of oC W. W H. H I. I RItchey president president president dent of the Pioneer r Oil 01 and Gas company company company com com- pany on an auto trip to the company's property comprising more Jore than Ulan acres acre adjoining the southern limits of or the town I of Kaysville In Davis county and ex extending extending ex- ex tending south and west toward the lake SO SOON N TO BEGIN DRILLING I About in the center of the property and almost directly over ft St sealed dome the thet i t company now is assembling material and andi i machinery machIner and expects to begin actual I drilling operations not later than January January January Janu Janu- ary 15 Adjacent to the site of ot the proposed weel weel Is a water well wel dug to the depth of feet at which point the workmen were compelled to suspend operations owing owing ow ow- ing to t the n flow of gas The water r now I ge gen J reaches c s the surface f e If the ground o while the gas bubbles to the surface and can be lighted with a match President RItchey declares he Is confident con con- that within six days after the be ginning of work worl a supply of gas sufficient suC- suC dent clent to meet the requirements gs of fuel for drilling operations will wi have been struck He Ho states that it is the intention of the company to be prepared to control any large amount n of gas t that may be Ko f i If et encountered ed and that h if the e supply p j Justifies Justi justi- s Lake flea fies a pipeline wilT wH be constructed to Salt Sal From the Pioneer company's property the party visited the scene of the In Inal inSi l operations of the American n Gas company company com coin pany and that of Guffey and Galey About twelve years ago the latter iatter interests I drilled dried a well wel to a depth of about 1590 feet and after passing through three three shallow oil 01 bearing sands a flow fow of gas estimated at about cubic feet a day blew the tho well wen to pieces and destroyed the drilling plant GAS AND FLOTATION SEEN The well wel now is a small smal crat crater r about twenty feet In diameter with wih water comIng corning com corn ing to the surface and through which a large Jarge amount of gas gs still sti Is escaping and ana which can be lighted with matches Within a a few hundred feet of the Guffey Guffey Guf Guf- fey and Galey well wel is the natural blowout discovered by Brigham Young as re recorded recorded recorded re- re corded in the history of the church and around U which h ht members e gathered e and read the Bible by the light of the burning I gas p I Throughout the tho region are numerous natural blowouts and others resulting I from from drilling operations which had been done for the purpose of tapping the oil basin bash and which had not anticipated the 01 hea heavy vy flow fow of gas gs Throughout the vicinity there are evidences evi evi- dences of oil 01 and In a number of wells there exudes with the tho gas what is known wels as oil 01 flotation which experts declare Is absolute prof proof Prof of the existence of parI par- par affine oil oi INVESTMENT SECURITIES J. J A. A Hogle Co furnish the follow ing quotations I IBId Bid I Asked Deseret National Farmers First National Ogden McCornick Co Co Merchants t. t 92 O NatI Nat Bank Republic National City City National Copper Security State StateS State 66 S L I. I Sec T T. T Utah State Naton National l U Say Sav T Walker Valker Bros Bros Zions Sav Say T Industrial stocks Amalgamated Sugar Rugar 2000 2150 Cement Securities 1200 Consold Consolidated ted Wagon agon 1800 Home Fire Insurance Independent Coal 90 9 93 95 Lion Coal 90 Mt States Tel Tel Ogden Pelt Pek Fire Cla Clay Utah-Idaho Utah Sugar 86 U UP P Lt lit 1st pfd pfd Z C l M I I. I I CI Cities tes Service 04 00 Cities Bonds Bonds- Service pfd pfd S Si L Stock Ex I I Lion lon Coal Cs 0 I Ut 1 L Power 1 66 Ut Power L Utah Securities BOSTON CURB CURD Badger Bros brokers ICO South Main street furnish the tho following g. g received recel I over their private wires this afternoon r I II I 1 Bid T I Asked Asked Bingham Mines Mine's 8 9 Boston Ely 6 65 70 Butte Ely 12 15 Cala Calaveras I 1 2 Chief Con 1 7 16 1 Con Copper 6 6 Davis Daly Daiy 6 4 41 4 4 I Eagle Eagie Blue Bell BeH 4 2 2 Majestic 29 29 33 31 Nevada Douglas DoUgla 1 1 New Cornelia Corela i. i 14 1 Ohio Copper Copper 70 1 80 il U. U Verde Extension 35 1 36 Jerome Verde 7 16 16 11 Earl Eagle 10 13 Hi Iron Cap 12 14 is' is I LO LONDON DON MONEY LONDON Dec 24 Dar Bar Bar silver siver per r ounce M lone Money 4 per percent cent I Discount rate Short rate Short bills 4 per cent three e mont months s bills bUs 4 per percent c cent nt I |