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Show " Up and Down the Street Casper Firm Will Drill Test Well in Sanpete. By Eobert W. Berairk Tha Mountain SUtea DrlUini Co. of Casper, Wyo, baa contracted con-tracted to sink a wildcat In San-pet, San-pet, county before Oct. 18, it was ' announced Friday., . Raymond D. Sloan, division x-'y'ploTanoHrnanagw x-'y'ploTanoHrnanagw fur "Carter OH Co, Denver, Cokx, said his firm Tfcad aignad a farmout agreement with Mountain SUtea for drilling of test to tha tertiary Green River formation, "or 2000 feet, whichever which-ever is less." ' Location of tha well, first to ' be drilled In tha county by a major . operator during the recent oil boom, la In 8W 8W 1S-1SS-3B. "By drilling this test. Mountain Stataa will be entitled to receive . aasignmenta covering an undivided undi-vided one-half interest in (Car-tar's) (Car-tar's) S373 acres, tha bulk of which U located in 188-8K," Mr. Sloan write. ' "In tha event of production. Carter will be operator and wa will retain call on our one-half of tha oil plus an option to purchase 000.000 for a similar day laat year, the federal reserve system reported c Friday. Demand deposits were 8188.000,-. 8188.000,-. 000 as against f 18B.O00.0O0, while , time depoalta were 895,000,000 compared with 190,000,000. Coring! Shew Cain Rate of drop of clearings of Salt Laka banks diminished during August, R. S. Hayea, secretary-manager. secretary-manager. Salt Lake City Clearing House Aaan., reported Friday. Mr. Hayea aaid that while July clearings were 12.87 under the aama month a year ago, August clearinga were down only 6.48 over August, 1948. He credited increased buying orders and restocking of Inven-tortee Inven-tortee for tha upswing. Now Solo Executive Ben H. Sloan, 1188-3rd ave., baa been named vice president in charge of ealea for tha Utah Fuel Co., It waa announced Friday. Ha joined tha firm In 1938 and waa appointed general sales manager man-ager In 1941. jatountaln SUtea' Interest in tht production." The area lo' 1m arffleff li Ttn641l kj tha. Saa Pitch block. . - Ore Strike Report A alhrar-eopper ore strike of undetermined un-determined value waa reported Friday Fri-day at tba Columtyue-Rexall (Consolidated (Con-solidated Mines Co. property in tha Alta district. Harold Bowman, secretary of tha company, aaid lasses. Ray Jacobaon. Salt Laka City, had en-anuntarad en-anuntarad a four-foot-wide ailver-copper ailver-copper or. body M feet above the eoo-foot level in the northern part of the property. . . Slot. Employ.' Outing Employee of tha Arthur Frank clothing store will be entertained - at the store's annual eutins; at La-oon Saturday evening;, it was aanouncad Friday. aVaiskar fsreulugrt.s' ' Orrien H. Barnard, aasiatant iTuuiarer of tha Salt Lake branch. Federal KeaerT. Bank of aan Frariciace .(raduated Thursday tnomlng from tha Pacific coast banking school of tha University mt Waahlrirton. Purpose of the three-year course tl to assist graduates to keep up with currant dcvalopmenti In the field of flnanca. Bank Loom Up Total loans la force In Bait Lake City banks on Aug. 14 equaled UnOOOOOO cwrnpared -with M,. |