Show r w VJ of the Week Finance and nd Trade Ely By Ira C. C Tichenor lr t t is expressed by Utah because of the fact without taking definite action less ress has adjourned a land leasing bill fion by the he national legislature is doubly son of the app apparent rent certainty entertained several I- I Ison en n conferees rees of the senate and h use r an anha ha measure wot woUld t a law befOre e the close I 1 came to fo an end last tast Tuesday now are based upon the pos that the theil il II be oie of the first measures to be taken up t the then ri n congress of-congress f the opening ope ing of f 1 it is c cOnfidently r I 1 K place place soon after President nt Wilsons Wilson's r turn furn from fromI I 1 9 9 Europe h failure failure of congress ss to the desired law will 0 the big oil companies from op operations rations 1 in ii Utah at this time it is certain that sm smaller ller but oca ocal corporations noW in active or which development vork ork will pr e the possibilities of r. r In n Utah irne and with with the near approach of spring the oll fields are taking on new ity fy 10 ty ly asserted in this column the p op e of UtaH r the business men of Sat Lake have not taken n ii fh Wyoming oil industry which its it importance flu h the resu result that much of th the tr trade d that rightfully I 1 f h s been acquired b by cities S to the n la id expected however that as the in ens ens further to the the as it is spreading tate until it finally reaches th the vo counties Ie Utah state line int interest rest in the trade roused aroused in Salt Lake to an extent nt that this city will Wito which it is entitled by reason of location declare that in the two counties of m re exist oil reservoirs of much greater productive anY which have been dev l p d in other sections I I prove to be a fact Salt Lake Lak canh t avoid even evenI I of an oil booth boom as On of these counties i in n of the other are wi within hi What would be the I s of Utah and veIl weIl within the trade zone of I I li he promised oil boom comes upon Utah Utah from the I I from Wyoming or whether it cO comes from r the state itself its advent is certain and cannot I delayed 1 ade by b Secretary of the r Lane I Io I o 0 the he total known in the United states is I l ld be given serious consideration I e secretary places the known known available resources at even billions of barrels It must be rem ills is country consumed almost b rr ls I only about b barrels This me n nely ns ely barrels either had to be obtained oi br withdrawals from surplus stock constant st nt increase in the the usage of Crude Oi Oil as a a. a fuel ne n- in In internal combustIon s generating power s of m machinery chinery it is certain that the c I Jel elOw w the figures for 1918 mean that the remaining 60 per c cant nt of the wn S of the country will become exhausted in a arP rP than it took to th 40 per c cent nt ceil cea and consumed I heir greatest efforts producers producer of the su in bringing the output only to I ear and it is stated that there is today only onty three I c light high grade crude oil at the present tate ate of m lOn whIle the total surplus stocks for this country rt de a large amount of heavy grade oil suitable I are barrels against l m 1915 eU ed d that this this surplus is too small smaIl t to asSure the stamm sta sta- mm try and that the development of n nV new V will I der that he SU surplus IUS n may ay be r J to the Petroleum 1 Tin finies es of London vents events ar dl shaping for an unprecedented boo boon in oil The I 1 l. l it ii share quotations is is in itself sugg suggestive stive of it ut a reflection n of events Of a certainty oil has hast t ni its ts realm in both industrial and domestic activity t of view w we cannot do without petroleum s I quantities But statistics all go go to sh shOw w that if worldwide demand is to be met we must ea er production of crude oil large as the present times of the giving out of supplies are not Hot yet i there is far more oil in sight than can be con con- conI I ninny years to come But this is only in regard to toC I Ie e C ed and producing wells What about those in hand of exploitation h has s not yet found a place a ilI ll over tile the surface of tile the globe and by ct ct advantageous al positions to supply ar ets ts they all offer for def de- de f far r as we an see however there is only one frol um that will adva out ol- ol all of-all all bounds in l in the past We refer to liquid fu fuel t I an are now taking up the question in all hue several have ve already decided to replace coal vast influence this will have upon the pe n ral al is not easily appreciated |