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Show gi ATLANTA (AP) - iH) A top ' Treasury Department official estimated today government spending for the fiscal year " ' will total about $185 billion almost as high as the admin- - " t ' VW S'-- - j 44 , &' ''4 ' Oil Field j istration's $186.1 January billion estimate that Congress ordered cut by $6 billion. But while Congress required . a cutback, Undersecretary Frederick L. Deming said, it also granted exemptions for categories such as spending, veterans benefits and payments from Social Security trust funds. These exempt categories raised spending estimates $4.4 billion from January levels even before Congress enacted Its law in June so that the effective ceiling became war-relate- d Thursday, October 24, 1968 12B in the neighborhood $185 billion. run Even with additional exemptions voted after enactment of the law, Deming said, it is expected that fiscal 1969 outlays will stay roughly in line with the ceiling figure and This is not far, he noted, from the expenditures estimate the administration released in August in its annual midyear budget review. At that time, with revenues figured at $179.4 billion, he said, billion, Deming told the national convention of the Enk Administration Institute. ffisasjdi)?ffllDQ3!Cto O-uGBST- OISTE uti man? TMUKWMtf d cr Era; BOISE (UPI) Boise Cascade (Corp. Wednesday reported a 45 per cent increase in net income By DOUG CHRISTENSEN for the first nine months of this Deseret News Business Writer year on a sales increase of only 27 per cent. BLUEBELL FIELD, Duchesne County -CExecutive Vice President R. onstruction of a gasoline extraction plant, an W. Halliday said the results oil pipeline and a water disposal facility are were affected by an income tax tentatively programmed for one of Utahs rate of nearly 47 per cent, com- most promising oil fields. pared with nearly 37 per cent a Chevron Oil Co.s Bluebell Field, about four year ago. miles southwest of Neola, is currently producU.S. and Canadian income tax surcharges accounted for ap- ing over 3,000 barrels of crude and company are hoping new wells and current proximately $2,250,000 of the in- spokesmen wells will increase in production in the future. The said. crease, Halliday The company has three wells pumping balance of the tax increase is crude, three other wells that are flowing and due to reduced investment credare currently drilling two wells. it and the decreasing percentPat Pattersen, unit superintendent from Red age of our income subject to Uintah County, said that as soon as natWash, 1 1 caPital gains treatment." 1 i I Y1 1 1 1 1 U II Sales through Sept. 30 totaled ural gas flow hits near four million cubic feet $723,446,000, he said, and earn- - per day, above the needs to operate rigs and the central tank battery, a natural gas plant DETROIT (UPI) Ford Motor inSs- - $30,868,000. The earnings would be installed. L72 common t0 I Co. had a profit of 66 cents aamounted about two million cubic feet of 42 Per cent increase a Currently share or $72.1 million in the thhd,share ,or is natural Iast s produced by the wells and one gas year corresponding quarter this year against a loss and three-quartmillion cubic feet are being of $73.9 million a year ago, the used for the operation at the field. This gas is company repoited Wednesday. used to operate the rigs and heat the crude oil Soles for the quarter were pipelines. $2,619 billion against $2,032 bilMr. Pattersen also said that a pipeline lion a year earlier. The 1967 refrom the field would be built when production sults were adversely affected by of oil reaches 4,000 barrels a day. This pipe.trike teginning Sept. 7. Mort line would run to Myton, south of Roosevelt in WASHINGTON (AP) Ford had a 27 per cent rise in gage rates stopped climbing in Duchesne County and would join in the current sales for the first nine months September, the Federal Home line from Red Wash. of this year to $10,232 billion Loan Board said today, after a Presently three tanker trucks haul the from $8.07 billion a year earlier year of almost nonstop in-- i crude from Bluebell to Myton. and earnings of $462.6 million or creases. The field, where exploration first started in $4.23 a share against $193.2 mil The average conventional 1947, produces crude which is refined in Salt lion or $1.76 a share for the first mortgage loan on a new home Lake refineries. The finished product is then nine months of last year. Unit during September was at 7.09 shipped to Idaho, Oregon and Washington as sales of vehicle? were up 25 per per cent interest, compared with well as cities in Utah. 7.10 per cent in August. cent to 3.5 million. Although reserves are not estimated at this r vy, v ' SSrm 1. .433 handif QWfSst JZ Jin ftfrpSin-- 211 time geologists feel this field is one of the best prospects for an oil field in Utah for a long time. Chevron is pumping thousands of dollars into the field as shown in a breakdown of costs. The company reported that average well cost is $353,000, cost of surface facilities including flowline, tanks, separators, heater treaters is $52,000 and pumping equipment i" , dot Bluebell field. Oil rigs 70 m wNdT fUnor wr in MvtUKKH of $184.4 tAe w fafos Increase Plans Grow In Profit At Bluebell Reported Teab $40,000. e spacing is to continue, Drilling on Mr. Pattersen said, since the size of the field is yet unknown. 320-acr- - One fact is known, however, and that is that the Asphalt Ridge which runs from Vernal west to Tabiona and passing Bluebell has many pockets of tar sands. Howard R. Ritzma, petroleum geologist, with the Utah Geological Survey, said that these tar sands represent leakage of oil from the depth of the basin, indicating the oil field may be very large. CORNER ON COMMERCE o Earnings Up At Kennecotf - NEW YORK (AP) Copper Corp. reported n rMr cr?n n Wednesday its third quarter earnings before extraordinary items was $41,745,434, or $1.26 a share. This compared with earnings of $4,173,265, or 12 cents a share, in the third quarter of last year when the companys domestic copper operations were on strike. wmm, I" P" norm.. w Your It come with Choice of Automatic Tuning System: Automatic Fine Of Tuning (AFT) Exclusive Tuning Bar cMh -- ' mSBWHDBY J risBgQ S"BS8S55Kb. Ken-neco- tt ' Kennecott said a Sure $5.5 mil- tax refund in the third quarter of 1967 resulted in a lion net of share. $9,665,927 or 29 cents a , h For the period ended Sept. 30, net income before extraordinary items was $70,032,185, or $2.11 a share, compared with $70,775,797, or $2.13 a share. Kennecott said the copper strike had reduced net income in both periods. of items Extraordinary $33,093,817 in 'the first nine months of 1967 resulted in a nit income of $103,869,614 or $3.13 a share. nine-mont- move. Hercules Aide Transferred 6$395 Kenneth F. Dowd, who has supervisor of material for Bacchus engineering Works Posei-- d been 00 missile has transb e en ferred to Warsaw, 111., and on subsidiary of Hercules. program, I mi M i:: :::! Mr. Dowd began with Hercules in 1962 at the Allegany a supervisory position in a Hercules new Inc. I subsid- iary. FREE FREE DELIVERY M r. Dowd will be assistant to the chief engineer of the packaging division of Has- - FREE SERVICE ANYWHERE YOU LIVE kon. The firm manufacturers containers and polyethylene enclosures for the dairy industry. Haskon is a wholly-owne- d Ballistics Laboratory in Cumberland Md., as an engineer in the Polaris project office. He transferred to Bacchus in 1965 to work on the Poseidon as supervisor of components management, then became supervisor of material engineering for the manufacturing phase of the missile. TeleMation Orders Increase 5 fly I r;it::3 nation's TI SERVICE AWARD TeleMa-tion- s new television camera have exceeded 800 units valued at nearly $2 million, according to Lyle O. Keys, TeleMation president. Camera production started k 2 YEARS ROW! IN A p$495 hi Advance orders for in early September at the Salt Lake plant. A hundred units should be in the hands of distributors and users by the end of this month. Most advance orders are from distributors Mr. Keys said. Former Utah Aide In New Post Arthur R. McQuiddy, mer director of public COMPARE! YOU WILL BUY forrela-tion- s for the WESTINGHOUSE !b409 District U.S. Corp. LOWEST PRICES AT CARLSON'S FACTORY DIRECT SHOWROOM! steel firm of Steel in Salt Lake City, has been appoint-d assistant d i r ector of e public rela- national vester Co. Har- tions for Inter- More recent- - ly Mr. McQuiddy was director of public relations for the Mr. McQuiddy in the northeast. A veteran newspaperman, he is a native of Sedalia, Mo., and has been affiliated with several newspapers and the Associated Press. He has been associated with the New Mexico Oil and Gas Association and the Western Oil and Gas Association in the capacity of public relations. Appraisers Win Certificates 23' :oo ji?$29850 ' 5p259 Senior residential appraiser certificates have been pre- sented to the following mem-- I bers of the Salt Lake City Chapter 41, Society of Real Estate Appraisers: VV. Peter Poulsen, independent appraiser; Karl W. Tenney, Valley Bank and Trust Co.; Warren E. Mulcock, Warren E. Real Estate, Appraising Mul-coc- k (0 Sno A SALT LAKE, 7th South & State Consultants. Albion C. Mulcock, Mulcock Appraising and Construction, received the senior real estate The certificate. appraiser made were presentations Tuesday by Robert J. Sidwell, chapter president, at a lunch- eon meeting. Jet Manager Named Salt Lake man, Hugh has been named western sales manager for Sno Jet of Thet'ord Mines, P. Sweeten, OPEN: SUNDAY NOON TO MIDNIGHT MONDAY THRU SAT. 9 a.m. to MIDNIGHT and Building Co.; Edward P. Westra, Appraisal and Realty Q., Canada. Sno Jei recently was purchased by Glastro.i Boat Co., Austin, through its parent cor Conroy Inc. Mr. Sweeten former! western division mai manager Industries. i of Pol |