Show Mining Oil an and It Financial Notes X I I UTAh UTAn COPPER corrER COPPER QUARTERLY The Utah Copper company will distribute ute Site a share on June 30 to stock ot of record of ot June 17 covering the divi tp the second quarter of ot 1927 The Nevada Consolidated Copper company company com eom- pany will dl distribute a a quarterly divi dead of ot 37 cents a share on June 30 to stock of ot record of ot June 17 It Is 18 also announced that hold holders rs of ot the 15 r. r year ear debentures of ot this company have hare havethe havethe the right to exchange such lIuch debentures for Sor of or the Nevada Consolidated and nd receive 25 cents In cash with each cacti share delivered up to but not later than July 1 1 1927 on which date the privilege expires In order to participate In this dividend holders of ot these debentures S must make male the exchange on or before beCore June n 17 It Is announced RA GELY OIL DEVELOPMENT T. T According to reports received from Vernal the Midwest Refining crew has the gas gall under control In Its Rangely test but the casing In the hole bole Is Js re reT reported reported re- re T ported buckled The Tidewater h elated dated crew crew crew- has given up attempts to get out the lost tools Jn in the hole and andi i if Is going to drill past Dast them The Texa L hole in Its test t t. t NORTh LILY PROGRESS The shaft being sunk by the lf Smelting company on the North orth Lily I property y In n the East t Tintic district h has reached a nd d depth hE of approximately xI f fi feet I It Is r reported The shaft will 11 i nave have et two hoist o t tr compartments i imn one manway manway man man- way and one compartment for tor v tion Progress of f the North Lily drift from the level of ot the No 3 I e of ot the Tintic Standard Is making more snore rapid headway and averaging from twenty five to thirty feet teet a day The drift ha has has' between and ad feet reet to togo go yet et before the North Lily ground Is 18 isS S entered and the downward continuation oj of f the ore body on the level levei enS en en- S countered Another month will see se-e this t objective reached rescued barring accidents that may delay the progress of ot the drift t S BAXTER D. R DASIN FIELD S A According to information coming from Rock flock Springs Wyo yo Dr E. E BInney and Victor Cotner petroleum engineers visIted visited vis vis- the Baxter Basin field recently In InS InS' 1 S' S connection n with an Investigation as to S the natural gas possibilities In the dis dis- r A It Is understood their nS n- n S were favorable and If It a gas line Une S v Is laid from the field to Salt Lake In Interests In- In hI which the two engineers represented 1 will Install an absorption type c gasoline plant In the Baxter field In S. S connection the proposed gas line to toS S Salt alt Lake 0 S J FORESEE PRICE RISE ElSE 5 By Dy midsummer the downward trend of domestic prices Is likely to to be halted S and a rise may be Inaugurated during S the next year yea the Economic Ii r- r Service Inc s states The u unfavorable r Wl weather I In the he hes West and the South will S If It It continues lend support to the rising i tendencies In prices of ot grains graIn and cotS cot- cot S ton The strike situation If It It results In Ina Ina a coal shortage by la late te summer will curtail manufacturing output and lead to toS to'S S 'S competition for Cor supplies of ot goods Prest Pres- Pres X t Vent t tent ent money and cre credit conditions also favor favor a price rise and the decline abroad S due to restoration of ot gold standards and andS t. t S Industrial depression seems to have haro pret pretty ret ty well run its course U. U S. S DAIRY IRY PRODUCTS CORP i S United States Dairy I Products red corpora- corpora 5 tion has applied to the New York stock S-S S S exchange to 10 list shares of ot n 7 convertible con con- first preferred cumulative stock t 55 of t the corporation without nominal or orf C par value and 15 shares of ot common f stock class A without non nominal or J par value and shares of ot common stock class B without nominal or par value alue Chandler Co are bankers S for the corporation |