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Show Up and Down the Street Ute Tribal Flow Trucked Daily to Utah Oil Refinery , have been awarded contracts by ' the state of Idaho for six months supply of S30.000 gallons of gasoline gaso-line and 120,000 gallons of Diesel and stove oils. Long Valley Oil cooperative of Donnelly, Ida., and Goodman Oil Co. of Boise share In tha contract for two Idaho counties, according to the Associated Press. Purchase Agancy Thomae- H. Axelsen, owner of the Axelaen Advertising agency. 175 W. South Temple, announced Saturday that his firm hss purchased pur-chased the C. F. Cusack Advertising Adver-tising agency In Denver. Price of the tranaaction waa not disclosed. Nam President Frederic B. Whitman, executive vice president of the Western Pacific Pa-cific Railroad Co., haa been named president. He succeeds Harry A. Mitchell, who Is retiring after 40 yeara of western railroading. j Among those elected to the board of directors of the line waa ! J. Reuben Clark Jr., first counselor j in the first presidency. Church of Jesua f-hriat nf latlar-rtry Salnlt J By Robert W. Bentlck Oil from the Carter-tanolind Oil and Gas Co., joint Ute Tribal wildcat near Roosevelt, Duchesne county, is being trucked daily to tha Utah Oil Refining Co. plant here. E. 8. Holt, UTOCO president, said Saturday the 32 t gravity oil, which haa a flowing point of 85 degrees, was not proving difficult to handle. About six trucks are making the daily round-trip, he said. Tha oil brings a few cents under ' 12.50 per barrel, minus g4c per barrel trucking chargea, according i to C. L. Cookeey, Denver. Colo.. Carter's production manager. Mr. Cookeey announced a small steam heating plant and two mora SOO-barrel storage tanks would be erected on the lease. This would bring to 2000 barrels bar-rels the tankage at the well site. Plan Is to give the Ute Tribal, which ia now shut in, a chance later next week to prove lta com-1 miriisl pessisiMlse an lengthy- testing. I U. P. Nomas Counsel W. R. Rous hss resumed the title of BJCTistsnt western general i counsel, Union Pacific Railroad Co. at Omaha. He had btn handling; han-dling; specialized assignments as ! assistant vice president ot the road. Corrected production figures made available by Carter show the veil flowed over 2200 barrels In hours, at times making from 64 to 10S barrels an hour. Average production rate during the test waa from 65 to 78 barrels per hour. i Mr. Holt said UTOCO l en-1 gineerlng and research departments depart-ments were studying several means of getting oil from the site In quantities. Among them Is a proposal to mix the oil with Rangely field crude, and sand It " through tha Wamsutter pipe line to Salt Lake. Meanwhile, oil and financial organs heralded the discovery aa possibly opening up an entirely new field in Utah. It also would be the first Tertiary formation producer in the Rocky mountain area, according to these reports. tank linat Shew Rise Total loans In force In report-Ing report-Ing Salt Lake banks equaled 383,-000,000 383,-000,000 on June 22, compared with 884,000,000 for a comparable day laat year, the federal reserve system sys-tem said Friday. Demand deposits were 8188.000,-000, 8188.000,-000, compared to $170,000,000 and time deposits 194,000,000 aa against $87,000,000 laat year tn I that period. Form Oil Corporation Several Salt Lakers have joined In formation of the Federal Petroleum Corp., which seek development de-velopment of oil lands In Spring valley, Uinta county, Wyoming. Louis J. Myers Is president; Laurence C Barrett, vice president and Loula O. Myers, secretary-treasurer. secretary-treasurer. Capitalisation I $300.- 000, of which IM.sOO 1 subscribed In form of leases. Mr. Barrett aald contract haa been let for a test of th Bear River formation on Sec 22, T. 15, R. lit Weat to Oarretaon Drilling Co., Casper, Wyo, Firm Abandons Wildcat Tide Water Associated Oil Co. Saturday announced abandonment of It Nequol Arch No. 1 wildcat, SW NYV 8W 20-268-1SE. on th Flattop Sweetwater structure, Emery county. Th test 1 bottomed at 6472 feet In dolomite. No signiflcsnt how war encountered. Cite 104 Rovanue Hike Challenger airline announced Saturday an increase, ef 104 In traffic revenue for the five month period January to May. A net total of $10,37 5S waa collected by the airline during the five months. (l4t net passenger revenue waa 1175,816 7 I Thl I a Increase of Ml, "O5.00 over a aimilar period In 1M(. According to O. S. Kitchen, general traffic manager, revenue ton mile of cargo ehowed th greatest increase. Air freight ton miles Increased 200 over IMS or 24,(71. to a total of I7.00 ton mile flown by th company. Other Increase were shown tn air express ex-press ton miles, Increased 1M ta a total of 1,7S1; air mail Increased In-creased M to a total of 17,031 ton mile flown. Aa increase of 1,424.024 miles for revenue passenger trad over laat year, making a total of 2,912, 024 was reported. Number of passengers pas-sengers Increased 72 to 10,042, Mr. Kitchen aald. . , - Got Idaho Caritrecti Standard OU Company of California, Cali-fornia, Waaateh OU Co. and Utah Oil Refining Co. of Salt Lauca City |
