| Show THE SALT LAKE TRIBUNE Sunday October 24 1948 8S - GAC61 Follow Tin Bttt Lain Tribune's dally and Sunday business Mopar aurkit and for tbs tion for coverage of markets of tbe economio develop story continuing int of the lntennonntaln west AM ECONOMIC Construction Building Activities in a Growing West Climbing Steel Isolationist Businessman Output May Lucidly Rare Specimen Level Prices By WILL UNDLEY Tribune Business Editor ' It always is a surprising thing to run into that infrequent specimen the businessman who is living in the past There are a few of them still around though Don’t get us wrong We don’t particularly mean men who can remember things past Some of these still have plenty of “young ideas” But at a convention a short time ago we heard a man well respected in his profession advocate immediate ending of laid to so-call- ed “old-timer- s’ j Europe Was Applause Mere Politeness? It’s keeping taxes high he said Just stop that waste of money and we’d all save a few hundred bucks a year He was applauded several times It is to be hoped that the applause was for the sake of politeness For without aid to Europe that man might find himself out of business permanently This speaker advocated cutting of occupation troops overseas to an alarming extent What we all pught to do is stay at home and pull the covers over our heads and then we wouldn’t be troubled with scrapping with our neighbors —so his reasoning apparently ran What should be done if the neighbor breaks down your door? That question he didn’t answer Keystone of U S Way of Life Well we’re getting into international politics again But now as never before the course of foreign events is going to have its effect upon businessmen right here in Utah If Russia gets rougher there will be more rearmament more metals used Steel orders will increase So probably will fabrication And more farm produce will be needed to feed a growing army and for our allies The realization of the fullness of the impact of foreign affairs upon our economy has made businessmen more and more conscious of the fact that they work not only to earn money and to pay stockholders and to make life more comfortable for their families — admirable goals though these may be It has made them realize that they are the keystone to our way of life— that their cooperation is essential to make free enterprise work rado and Green rivers Roads ar being built and water for drilling is being developed Objective horizon is said to be the Mississippian Water for drilling will be hauled from a well some 20 miles distant and from two small springs Pure Oil Wildcat Pure Oil is engaged in drilling a water well as a preliminary to sinking a deep test on' Salt valley structure 20 miles north of Moab Erection of a rotary rig has been started by Jack Manning Denver drilling contractor Joe Dinger is ing further drilling through an drilling a water well This will be a deep test of the lower Pennopen hole impossible back to 4848 sylvanian and upper Mississippian plugged Operators the hole from series ft under-reame- d top to the plug and set a string of Crescent Eagle casing which has been Drillon cemented top of the plug Pumping operations are con-ing out of thei plug is now in tinuing at the Crescent Eagle t Deprogress and within a few days fense Plant) well at' Crescent the operators will be in a position Junction This well of which Gus test the strong gas flow Pongratz of Los Angeles' CaL is the operator is pumping fluid Tide Water-Associatfrom the Morrison at 2200 ft The Tidewater-Associate- d is doing well has been plugged at 3400 fti preliminary work at the location Oil saturated horizons above the for a projected 7200 ft test of the plug will be thoroughly tested beBig Flat structure some 10 miles fore the well bottomed at 6100 ft west of Moab between the Colo is deepened Tribune Special Oct 23— Developments of the past week in Grand county point to early and conclusive tests of the Pennsylvanian and perhaps Mississippian geologic formations which have been exhaustively surveyed by geophysical crews The Green River No 1 of the Amerada Co located about 10 miles southeast ' of the city of Greenriver Is at an interesting stage This well encountered a strong gas flow at 5634 ft which threatened to unload the drill string weighing 30 tons and makMOAB PITTSBURGH Oct 23 UP) —A climbing operating rate may help stave off looming price advances At least steelmen in steel hope so A scattered rash of price boosts last week by some major producers set off speculation that a general round of higher price tags was around the corner Producers just said the advances were made necessary by mounting production costs The industry currently is operating at the rate of 985 of full observers see capacity and many in that figure—a gain of about 3 from previous weeks —an indication that mills can offset higher costs by higher production Steel production in the fourth quarter started briskly giving every sign that the industry might beat the present peacetime quarterly record of 22600000 tons 10-in- ch i t ed ’ Contract Made For Tunnel Near Preston itle totaling 3119525 for construction of Station Creek tunnel located eight miles northeast of Preston Ida has been awarded Thatcher Construction Co Ogden Allan E Mecham manager-couns- WAYNE COUNTY Pacific Western Unit No 1 (Teasdale) A GARFIELD COUNTY Clean- California Co Unit (Upper Valley) h seven-inctest 8765 to will hole out ft after casing ing cementing production and deepen a little TD 8791 ft GRAND COUNTY ComStanolind’s Crittenden No 1 (Bar X) pleted as a gasser of approximately 8000000 cu ft capped while company seeks market BuildTidewater Associated Unit (Big Flat) ing road into well site Pongratz Oil’s'Fee No 1 (Crescent Junction) ‘ Le-gran- de CPAs to Take Meet Roles vice-preside- nt Estate” A number of members of the Association of Certified Public Accountants of which Z Vernon Derrick Salt Lake City is president will attend the conference Utah Shoe Salesman Named Appointment of Lawrence as a for Hutchings salesman Mead’s Corrective Shoes 27 E 1st South was announced Saturday by Harold Mead owner st 1507-1- 0 Shown here at night is part of the new Salt Lake Refining Co plant north of the city The vacuum unit column in the foreground is 88 ft high In Firm Finishes First House In New 'Park’ Weiser Farmer Grows Huge Pound Beet-2- 5 WEISER Ida Oct 23 CSV-FrHill Weiser farmer has produced a sugar beet— believed to be one of the largest grown in this area Jerome Linder field man for the Amalgamated Sugar Co said the beet is the largest he has seen this year sacOn this basis of 16 charine content the sugar beet beet would process slightly over four pounds of sugar ank First home in what is scheduled to be a new million-d- o liar subdivision Westminster Park was completed during the past week David B Ashton secretary Edward M Ashton and Co announced Saturday t The house is located at 1352 Wilson ave on a plot of ground directly east of the college campus Eventually 45 homes are expected to rise in the area Each will contain 1350 square feet or more and due to restrictions designed to keep standards of the houses high is expected to cost from $18000 to $20000 The model home built as a specimen of the type of house the developers would like to see in the subdivision contains a living room two large bedrooms and a smaller five-oun- 25-pou- nd ce There is a terrace in the rear of the first home with a "barbecue pit Three other model homes currently are under construction As to balance of the homes developers will plan andor build homes bedroom dining room kitchen-breakfa- st or buyers of the lots can arrange nook and attached ga- to have that work done by other rage Houses in the subdivision firms subject to restrictions esare generally expected to have tablished for the project as 'a two or more bathrooms whole Catoff Am Sfrp6irf mt PUBLIC AUCTION! " O MULTI-MILLIO- DOLLAR EVALUATION N ALAMEDA CALIF And Continuing Until All Is Sold THE FOLLOWING ITEMS ARE TO BE SOLD— WITHOUT LIMIT OR RESERVE! THURS NOV 4th— 1 0 AM OVER 1000 TONS NEW STEEL METALS Wt Lbs MILL LENGTHS— 0 FT 130000 Struct Steel-Mi- ld 10 to 30 ( Channels-“H- ” 294795 Galv Sheets Beam$-“I- ” Beams 10 to 28 “T 171593 Blk Sheets s) 3000 Brass Sheets 310 to 24 72258 Flat Bars (all sizes) 8085 Bronze Cast Ac Bushings 16932 Rd Bars-Mi- ld (all sizes) 10 to 24 15014 Galv Angles (all 2000 Copper Sheets sizes) 14 to 24 12268 Galv Flat Bars (all 3500 Monel Metal sizes) ” Y to 7500 Zinc Plate $25000000 Evaluation 495428 Plate Stee- lMild 316 to Machine Tools V to 1” 49970 Abras Res PL n and Equipment Y to 14331 Check FI PI Type Gauge 20-3- Bars-Angle- All AT CATC AVAILABLE CJOUJ - Cate Equipment Company has gained an enviable reputation as one of the west’s shovels cranes and draglines leading equipment houses Such lines as Thew-Loratools Rand drills Pneumatic compressors Allis Chalmers industrial equipIngersoll ment CMC concrete mixers and pumps Thermold Hose and Rubber Goods make for satisfied customer service See CATE for all your equipment needs! ln it sales' INC SERVICE' RENTALS' ‘want v 'CtouM 49 MSI 9th H J SOOTH REPAIRS' SALT LAKE CITY UTAH 4 2” Lathes 4 milling machines Cleveland 60”xl4’ open side planer shaper broach10lapping machine15misc woodworking tools pipe threaders grinders 26” punch presses radial drills 2 Browning Locomotive Cranes boat hoist G E stationary motor generator set 2 I R compressors 350000 bd ft NEW LUMBER Yt million dollar eval NEW PIPE fittings valves etc $100000 stock of Hardware NEW ship chandlery In addition $100000 worth of used materials will be sold Write Phone Wire for Preview Catalog— Inspection Oct 25 to Sale Date We specialize in converting idle assets Into active dollars If yen have a liquidation problem we invite your inquiry in strict confide 10 888-cu- The $5000000 Salt Lake Refining Co plant north of the city is expected to be ready for operation near the end of November M H Pramme “superintendent said Saturday k boilermakers’ strike A slowed construction originally scheduled to be completed early in November The unit will break crude oil into gasoline stove oil Diesel and furnace oils and heavy grade fuel oil A substantial amount of the output will be shipped throughout the west Construction was started Mar 4 Originally it was planned that the refinery would be finished at the same time the pipeline from Rangely Col to Salt Lake City was completed but now the pipeline evidently will be ready ahead of the refining unit “ Zl'ZZl oil-ba- se ut -- ut 190-20- E: Insurer Chief Due Today -- ADVERTISEMENT- NEVS THAT MAY HELP YOU EARN Clifford Orr Philadelphia president National Association of Life Underwriters will arrive in Salt Lake CitySunday to address MONEY sessions of the Utah Association of Life Underwriters which will convention Monopen a two-da- y 12 months in Hotel Utah at day Lumber Export Hikes f enMr Orr will give a speech A Word from Tho PORTLAND Ore Oct 23 UP) titled “The New Challenge” at a — A sharp increase in shipments luncheon Tuesday at 12:15 pm ! of Idaho white Ponderosa and at which Salt’- Lake Association WALL STREET JOURNAL sugar pine during the week ended of Life Underwriters will be Rosts Oct 16 was reported Saturday by to state association members said If you want to et ahead in the next 11 ' Harold M Wright president of months it is important for you to ufr Western Pine Assn changes that'' Comparative figures in thou- theMrcity chaptersaid that Mr Orr derstand the Wright sands of feet: are taking place all over America New AsWk her Wk Tea r Age has been a trustee of National Lnt Order 67947 53050 63676 sociation of Life Underwriters inventions new industries and new 67908 63613 67372 Shipment ways of doing business are creating Production 72674 72278 since 1942 73353 new opportunities for men who Want ' "4 : to increase their incomes find will out about It pay you to these things And one place to find out ' is in the pages of The Wall Street Jour nsL The Journal is more than a news- -' U 0 fii) (!) (j paper' It is a daily guide for every1 substantial citizen Its readers in- -' dude some of the wealthiest people in this country Yet The Journal can also be of enormous help to men in the $5009 to $20000 income bracket The Journal has the largest staff of writers on business and finance' It is i ran? the only business paper served by all four big press associations lt comes to i you DAILY You get the fastest po- - ’ sible warning of any new trend that’ may affect your business and personal- income You get the facts in time to ) protect your interests or to seize MORE the next - - ! WlXOMMk Rl § & 0 ® 9 tp ffiftntfcK® cm!! vaarcaanif? -- o m ty -ft GIG03D ftz 3QJSIGE GEb"Z z? y yr py SEVIER COUNTY American Liberty Oil’s Government No 1 (North Last Chance) Plugged and abandoned TD 4493 ft UINTAH COUNTY Richfield Oil of Montana’s State No 1 (Trail Creek) No report Drill- -' Seaboard Oil’s Unit (Bitter Creek) ing ahead at 2750 ft gas show estimated 1000000 cu ft encountered at 2540 ft Drill Carter’s Nelson No 1 (Vernal Area) stem test Monday at 7202-1- 6 ft? recovered 50 ft mud 220 ft oil 600 ft oil-cwater 5320 ft brackish water open 1 hr on 5 hr testoil-c-Saturday at 7214-2- 4 ft recovered 150 ft drilling fluid and oil 600 ft water 6000 ft water to core ahead Equity Oil’s Ashley Valley No 1 (Ashley Anticline) 0 BPD from Weber at 4152 ft Producing Crane-Griffit- h Unit (Ashley Structure) Rigging up Vernal Oil and Gas’ Unit (Vernal Area) Drilling ahead TD 2415 ft Carter’s Ute Tribal No 1 (Roosevelt area) Rigging up far-reachi- TO WHOM IT MAT CONCERN: Please take note that General Engineering Ac Dr 7 Dork Corp has merely authorized us to sell the inventory supplies and machine tools no longer surplus needed In Its and will continue in business at both present Francisco the Sanoperations and Alameda locations LofAschilLerFstT st New Refinery Start Seen In November two-wee- ft Western Natural Gas Byrd-Froet al’s Navajo No 1 (Boundary liner plugged back to Set five-inc- h Butte) 5134 ft perforated with 78 shots from 5075-9- 5 ft no show will ft probably four shots per foot perforate 5050-6- 5 ft and 4985-503- 5 background Is th& atmospheric unit which towers 97 ft above the ground These are parts of the crude unit which had 25000 bbls per day rating n ¥ ’ Testing TD 6100 ft Amerada Petroleum Unit (Green Rive) Readying test of gas flow TD 4848 ft GraiM County Oil’s Government No 1 (Salt Valley) Abandoned TD 3100 ft Slight show of oil and gas Pacific Western’s Unit No 1 (Thompson’s Area) Shut down moving in heavier rig TD 6340 ft SAN JUAN COUNTY Southern Union’s Colgram No 1 (Boulder Knoll) Plugged and abandoned Tops: Najavol030 Wingate 1205 Shinarump 2535 TD 2640 ft et al’s English No 2 (Boundary Western Natural Gas Byrd-FroButte) S Erecting storage for discovery well estimated good for 144 BPD on pump from Coconini sand at j Three 5alt Lake City men all members of the Utah Association of Certified Public Accountants will take part in the program of the Mountain States Accounting conference to be held at the Hotel Westward Ho Phoenix Ariz Nov 8 to 10 Details! of the meeting events were made public Saturday by Dixon Fagerberg Jr of Phoenix chairman! of the conference The Salt Lakers are Lincoln G of the Kelly a past America Institute of Accountants who will discuss the subject of accountants’ reports Donald A Miller whose subject will be “Heavy Contract Accounting” and Clair M Mortensen trust officer of the Walker Bank and Trust Co His subject will be “Planning the Small or Medium-Size- d Drill- ing TD 275 ft el Annual Turkey Rush Begins In Utah Processing Plants i UTAH OIL WELL REPORTS Associated General Contractors of America intermountain branch said Saturday that Young and Smith Construction Co a Salt Lake firm was awarded a $113216 contract by the Nevada highway department The company agreed to construct reinforced concrete bridges and culverts near Las Vegas Leland Knudsen Ogden was awarded a contract amounting to $74515 for work on the Mink Creek canal Preston Ida under schedule !2 of the program Johnson Logan receved a $77951 contract for work on the The Utah Poultry and Farmers’ same project cooperative has opened plants at Tremonton Ephraim American Fork and Cedar City all of which have been completely reconditioned for the hectic three-mont- h operative manager said Saturday turkey rush ahead Turkeys going through the Salt Lake processing plant now are be-- ADVERTISEMENTing eviscerated packaged and frozen for shipping or storquick Freo Booklet Explains age Many of the best birds will be held back for the local holiday lion Hard of Hearing market Mr Rudd reported that Utah will produce about the same number of birds as last year “But” Hay Be Helped “due to the favorable An authoritative booklet about the he added season better young causes of deafness and what can growing be done to help those with im- turkeys and the sharp decrease in disease in the brooders and also available to the on paired hearing is to the range the Utah production an announcepublic according ment made yesterday by Western is expected to be considerably higher in net tonnage” Electric According to Mr Rudd the proThe booklet called “Modem duction has been probably Science and Your Hearing” is the best season Utah’s in history and the on based information supplied by outlook is equally good scientists of Bell Telephone Lab- market He pointed out that storage oratories A spokesman for Westin Utah and the nation ern Electric declared that “I feel holdings “below are far average Last year rethat this booklet is almost 38000000 lbs of turkeys quired reading for every deafened about were in storage at this time comperson” pared with 14000000 this year Free Copies Available Last year ' a total of 205000000 “Modem Science and Your Hear- lbs of all kinds of poultry was ing” is available free to anyone stored compared to 108000000 Bending his name and address to this season Western Electric Dept 380-- 3 195 These low storage figures plus Broadway New York 7 N Y the decrease of about 10 in naThose interested are urged to tional production and the sharp write in now while the present upswing in demand make the supply of this valuable booklet turkey market extremely strong lasts and promising Mr Rudd said De-We- Testing of Geologic Strata Nearing in Grand County TRADE TOPICS The annual fall turkey harvest opened at most of the 14 processing plants in the state during the past week but the assembly line operations will be at a peak during the coming week Charlie Rudd Utah Poultry and Farmers’ Co- STOCK MARKET THE PART WEEK By lMTED PRESS ek New New Ad Ended Highs Lows vancee ell nee Oct 23 1948 85 63 227 986 Oct 16 1948 691 26 67 386 Oct 25 1947 125- 78 751 409 Oct 26 1946 4 71 726 368 ssmb 3eup o quickly a new profit-makin- g opportu-- nity The Journal costs $20 a year but 1 you can get a Trial Subscription for 3 months for $6 (in US and Possessions) Just tear out this ad and attach check for $6 and mail Or tell us to bill you - Published daily right oh the Pacific Coast to bring you vital business and aaiHiaasGir yit Washington news immediately Ad- dress: Pacific Coast Edition The Wall Street Journal 415 Rush Street San Francisco 8 or 108 W 6th Street Los Angeles 14 6LT 10-- r 4 ' 34 |
