Show p if n vv'i fr yft-- f ! v1 Sunday October The Salt Lake Tribune I'r'T 14 B 17 1956 1 Business Portrait iI Harrison S Brothers Bunts Way to Top Harrison S Brothers proprietor of Harrlsop S Brothers A and veteran brokerage figure in Salt Lake City started Jnf business at the kge of 10 and "joined thf Army’’ as a hfgh school student His accomplishments are painted against a background of struggle for education and business opportunity during a period of war and depression However' these experiences served not to dull his ambition but Instead sharpened his appreciation of competitive enterprise and love of country Harry Brothers arrived on earth without a silver spoon at Park City Jan 19 1906 I Co 1 He was the youngest of three children of a pioneer druggist moved to Salt Lake City when Harry ) r f ’community who X ift'Vhat was a small child banker to calculate when It is difficult for he first started work He sajs matter of factly that "I've woiked all my life Why?” But with piobing he recalls his first venture into business was at 10 years of age He sold pics made by Wasatch Home Bakery to Auerbach's and other stores from a little red wagon he pulled around downtown thp-fmest- ' ’ 41 t - f t ! AT EAST HIGn SCHOOL Harry joined the Reserve Offl-cer- s Training Corps during which period (1921) he also became an Infantry first sergeant In the US Army Reserve Corps He worked his way through East as a filling station attendant for the old Bennett Oil A Gas Co a predecessor to Utah Oil Refining Co Harry worked two years through Uni versify of Utah and transferred to University of California at Los Angeles from Which he received an AB Degree in 1930 While at the U he obtained a commission as an infantry lieutenant in the reserves During schooling at UCLA he worked as a station attendant for Pennzoil Co and interrupted his education— in order to earn enough money to continue a following year — as a clerk in the Detroit Bankers Cor office at Los Angplesr"‘"“ -- frtrolpixrrt Cxi” fia"tippininnU4r output or "llqutrncf'frftMir tnlltloirio" I8‘hiiiHnn ' gattonC Unique’ Sutoina- Cross refinery cen- tlon devices mix specification blend and deliver product asphalts at this new plant at Woods i ’ rh11tlp -- " This Initial experience with a bond house I what directed Harry In later years into the securities business he says Mr Brothers completed his law degree st University of Southern California in 1932 in the middle of the Great Depres- Phillips Streamlines Davis Asphalt Plant Phlj)S Petroleum Co has George Bishop manager of recompleted substantial invest- fining for the northwest division of company said the expanments in one of 'the most mod- sionthewill provide for: ern asphalt plants In the nation 1 Increased production of at the Woods Cross Davis County refining center of the liquid asphalt from 13 i million gallons to 18 million galfirm it was announced lons annually Ticker Dow-Jon- e $56 Million Oil Refinery Slated in Wales by Esso Bervlcg sions has not been disclosed The Esao Petrole- Discussions are thought to sub-- i cem the wholly-owneoperations of Grand Co Oil of of Standard Central Terminal here however sldiary New Jersey proposes to build m new 56 million dollar refinery In the Milford Haven Dock area of West Wales Sir Leonard Sin clair chairman and managing director announced Sir Leonard said the refinery would refine five million tons of '"'petroleum annually with marine facilities lor the new supertankers Some 2000 would be Dow-Jon- LONDON— Co Ltd - con-li- d Win Petroleum Rights NEW YORK— Continental Oil Co of Guatemala - a Conoco LONDON— British Ford Mo- affiliate has been granted petor Co earnings are off sharply troleum rights on 394000 acres because of rising material and by the government’s ministry of labor costs - despite - improved economy" it was "announced competitive picture in Europe Cost of the concession was not Firm Is the British unit of Ford disclosed Ford Earnings Sag Motor Co sion He returned to Salt Lake City to work as a law clerk In the asphalt making the Investment In belief fedof Badger Rich and Rich firm the that greatly expanded product line to 26 specification-blendesame year he married a Salt Lake City miss Dorothy That state and proeral highway materials Merrill our The couple haye two children Arthur Brothers area in the Seeley during 3 Automation of blending grams demand associate in New York of a radio magazine and Bonnie a ahead will editor higher years batch mixing as well as delivery ' in materials at of Utah student standards and University into tank trucks of carriers or In 1933 he accepted active duty as a second lieutenant at greater efficiency in service road and paving contractors oil industry" Mr Fort Douglas (38th Infantry) in connection with the establishCo is from the "Phillips Petroleum ment of me Civilian Conservation Corps During this period he Bishop said directed camp organization and construction projects at Zion SOME 23 HUGE tanks will and — Bryce National Parks provide - storage during - the colder months when demand is SMALL PAY of an Army officer Harty DESPITE THE low for 250 000 barrels or 10 started making tentative investments in common stocks at the million gallons of liquid asphalt Salt Lake office of J A Hogle A Co Service -- Among these tanks Is a new ' This interest led to his employment at about $35 a week as PHILADELPHIA Oct 13-- The 80000 barrel Insulated tank a security analyst at Hogle’s In 1934 The pay was In addition to Federal Reserve System equipped with rotating impel- commissions on sale of securities He was 28 years old intends to supply sufficient lers which maintain even visThe next seven years were among the most Instructive he funds for essential credit cosities within the tank ever spent says Harry But they ended in February 1941 when needs C Canby Balderston Existing asphalt production he returned to active service as an Infantry first lieutenant In vice chairman of the Federal facilities and tankage which World War II - 'v Reserve Board of Governors date in back to the days of part More five than years of war saw the Salt Laker participate said here Wasatch Oil Co In the the the Mariannas and the Philippine At the same time he warned will predecessor campaign the dismantled be refinery (Okinawa) campaigns During tha latter campaign HarryRyukyu aerved against "excessive credit ex- chief reported as assistant operations officer in plans and operations pansion"" "The recent rise In Interest Design and engineering In the Marianas and the Philippines be was battalion com"were tinder direction of Henry-L- ee mander the at chief engineer Bank discount rates Stearns-Roge- r Co Salt seem to have caused considerMr Brothers was mustered out of the Army a colonel and Lake office handled installa-- ‘ has retired after 30 able apprehension lest the supyears service In the reserve He returned to tlon ply of funds in the money J A Hogle A Co as assistant manager of the firm’s investment market during the ensuing Flow sheet on mixing and department here months be jnsuffeient to pro- - blending of asphalt liquids with vide for essential "cutter stock” (lighter oils) to needs” he said demanded by specifications He emphasized that the Fed- road and highway contractors not eral Reserve System "does follows this pattern: propose to allow such a situa1 Needed type llqiild asphalt ell and faf cut drillinf mud IF 166 PRINCIPAL WELLS tion to develop" pi I FFP 390 pal SIP 2086 ptii is pumped by pipe from storage CA8BON COUNTY HydroaUUc 2900 pL steam a Oelf Oil Car The Ttui ce Aneth Field Neveje system of Bunnyilde Area No through 1 Preiton-Nutte- r C NW 6E 13 2060 ft from the S line and heated coils to raise tempera- —Fluffed and abandoned at TD of 1990 ft from the E line 2885 it No teata tures Tifht hole No report Tha Carter Oil Cm Caatlefate Area Th Tun Ce Aneth Field Nevaie 2 Through automation conEaderal No 1 743 660 ft front the N line 760 ft from tha N line — T D Sr trols (proportloner) system the and 3088 ft from fttha E llna front the W line teat 400 Location Perron 2850 for ft cusPrepared to core DST No 1 ft exact amount ordered by 6221 5350 ft Open 2 S hr No fee to Charles R Ellsburg manager tomer is mixed BUCHI8NE COUNTY aurfece Recovered 30 ft of f aacut Oil Ce of California Starr drillinf mud IF end FFP Zero! Hydro-al- a of market service department of ’ llinlirf tic 2720 pal Area Uintah and Ourar No 1 3 It Is delivered through a Flat NW tho Pacific division of Standard Th Taaaa Ca Aneth Field Navajo 2W—Drillinf 6 894 ft NW dock with 632 ft from the 8 line and 1867 In Green River formation No ahowt In equipped loading Co —Tlaht Register ft from the W line latest hydraulic controls and ooraa above Oakland Calif hole no Information tem-- v COUNTY CMC1Y at Field Navels Teaaa Ce Aneth apparatus (he high will discuss t If safety StaadaYs Oil Ce af California 680 ft from th N line end 860 l Into tank trucks peratures ? 'Jr E 1 from NX C ft No 8W the line Waah Topi: W "Principles railnf to 6 873 ft Ce- Chlnle 1610 ft l Shtnerump 3 850 ft I and —Ran Good Form 2 Increase in liquid Reserve to Meet Essential Credit Dow-Jon- credit Accountants Call Monday Meet ’ D-- 4 “’WASHINGTON”" DC A US Court of Appeals has permitted McKay Telegraph a division of International Telephone A Telegraph ' to operate new trans-Atlantiradio and telegraph facilities-Thi- s was accomplished over the objections of RCA which had appealed a decision by ' X ‘V i V i UuhA- - 8ti Moon-ihln- e J-- 20A0S-34E- A 4iM8 I r ef 4 4k - Hard work brings honors llt Harrison S Brothers Salt Lake Investment figure and dual career at army officer In July 1951 Harry determined to strike out on his owi as a broker— says now that the impelling purpose was the realization that many closely held companies In the Intermoun-tai- n West by necessity would’necd public financial support for growth In the postwar period His Judgment has been vindicated In founding of the Valley State Bank of South Salt Lake Initial public financing of Stre- Finance Co and in broadening of the market in securities of other Salt Lake enterprise c at regular j 6831-684- 3 K-- Rif-in- 1 3620 ft from th N tin end 3446 ft T D 800 from th E line ft Will Junk hole Move to new location and recommence dr Id Wlnne-mucc- a m h DrlU-In- f Fibre Box Elects n New Officers B-- Cor-in-f 6395-549- 9 V4 3580-337- R-- 3040-305- cur-fac- e Universal Corp 1 SS-l- Calls Meeting J Looking For A Warehouse or Industrial Site? A-- 0 “ IANFITI COUNTY” Celerada Intertill Gaa Ce 1 Mt Pleas2640 ft ant Structure Jensen No from th N line end 3171 ft from th 5E— Drl in eand at W line 873 S ft Three Slataa Naleral Gas Ce Joe’s Valley Unit No 4 1351 ft trom th N line and 2314 ft from th W line — Location Three State Naleral Gaa Ca Joe’s Valley Uhit No 8 NE NW Drlf ahead with clear water and na returns at 4651 ft simRqouNiY Oct 13—V Louisiana and federal officials ' signed an agreement which will A lift the ban on the drilling new well on submerged olliA lands In the Gulf of Mexico The ban will be lifted automatically as soon as the agree ment is filed with the Supremo i o£r - taadard Oil Cemsaay af Cellfernto Sigurd Unit No 1 C NE SE Location UINTAH COUNTY laelelr Oil A Gaa Ca Walker Hollow Area Slat Uintah 97 690 ft trom tha S Una and 530 ft from the W line 16 Drlg below 1989 ft El Pas Nataral Gas Ca Soulhman 3 8 180 ft from the S No Canyon line and 400 ft from” th W line 22E—Location Havenatrlt Oil Cerp Ute Trail Unit 990 ft from tha N Hn and E line 990 ft from th h ca to 3610 ft Preseven-incRan pared to perforate Ce Chiolta Willi OIJ Centlhental SpudUnit No 3 C SE NE ft 1736 ded 10366 Drlg ef rallfarnla tsogard Oil Cemesnr SW NE 178-i- : pad—Waah Unit y ip pumped 179 bbl of fluid: 11 water in bbla 168 bbls of oil and 34 hr Cut 1 per cent water Gas 69600 e f dally Standard OII Cameaay af Callfarala Unit 14 33 C SW SW 33 Pad DST 8 091-- 109 ft Recovered 76 ft oil: DST 3777 8613 ft Recovered 3376 ft water-cu- t drlg mud grading DST 56r6 gradually to clear water 5862 ft Recovered 1325 ft fat and to 6229 ft 7 inch Ran rmid-cwater 3012 ft I Lower Torn- - Green River 8200 Wasatch 6680 ft Green River ' Court —v 4 u v r v r t k ' X Ore Shipment - n n 1 Navajo-Gothi- c e 1071-0- 1 30-4- 5 8369-550- 7 5720-14-0-2 1 1 1 10-f- t 30 DOW-JONE- Merritt-Chapma- 5 23-1- 6 1 S TlicDMJBEPGEB Merritt-Chapma- n nmnoao ' "Th® 'Lln 'Trained' Licenses British Firm to Serve YOU!" Dow-Jon- BARTLESVILLE I EMpiro Servlcd OKLA Oft 13— Phillips Petroleum Co has licensed British Hydrocarbon Chemicals Ltd to use its new catalytic process lor making polyethylene and other polyolefin plastics In a plant being planned for Grangemouth 95 Lee Aikin— H L Baiter -- - iwWvw W 4-35- or Your Real Estate Broker 8 ft AAa4 Aa AH 4 (at Court Auction) MONDAY OCT 15th 10:30 POTTER INVESTMENT CO In Pnrtltien Suit am CHOICC DOWNTOWN 95 r FOB SALE— t - Servlcd Dow-Jon- n (API-Univ- ersal - WASHINGTON " - - t- Signing to Upset t Oil Drilling Bar”’: PARK CITY— United Park City Mtnai Blending proportioning mented with 900 aacki DST No 10 Hermoaa 4530 ft Paradox 3774 ft! Co 1B24 tons New Park Mining Co FINAL REPORT 78 In hut mtnutof ft Open trucks takes Into 1400 tonf only 4 hour Recovered 4696 ft of fluid delivery Tha Tefal Ca Aneth Field Navajo 1820 tonal EUREKA— Flltrot Corp a few minutes Two separate de- 825 1980 ft from the N line and 660 l monthly meetft of which waa watery drillinf View p L Garity 420 tonal Mountain f 26K— from tha E line 3878 fluid tnd ft dark ft aulphur Harman’s muddy at of liveries Kmehtaville ing differing specification water Prepared to plus and abandon 60 tona Xmtlc Standard up rotary tool Ce i 120 Centennial Development sitoni at Cafe Monday Galf Oil Cars Anath Field Wait liquid asphalts can be made Utah Saathara Oil Ca Oraneevllle 0 tonal Eagle and Bluebell 900 tons NW 6 pm of Salt Structure' Government No 3 688 ft Tamay Federal No — CT DNW 6076 Min J 20 tonPlutua multaneously ft from the N line and I3I4 ft from Rate- 84—Completed ELT NEV— Kennecott Copper Corp O' I 7 ROPD of 40 API gravity Lake Chapter Phillips Wood Cross asphalt tha W line 34 18S 7E— Dropplnf from comand Consolidated Copperminea 6364 oil Formation ager announced Saturday Paradox k ft topi 1 commence next FINAL REPORT LJ Assoto serve until areas drillinf will National report north average 1946 cars bined plant Mr Neel stressed that the disiprlnf Federal CALIENTE NSV — Combined Metall ciatlon of Cost ®r Ellsburg Boise Idaho west to oill Oil Cars West lamay Three Slate! Nataral Oaf Ca Flat No continuance of the plant will ft from tha N line and Reduction Co 13 cara perlll! Brutal Junc- Canyon Unit Mary D Ream No 3 660 ft 660 Grand east to Accountants th Ngv W line 4 Cart copper ere from Silver Federal Communications not affect Salt Lake aupply He has had nine years experi- tion Com and south to the SW SW 331SS 7B— Reamln Spudded In Oct S Drilling 137 ft Refining BINGHAM— US Smelting hola at 6943 ft Oil C North Deaert Creek which will be provided from the 'hell Commission nd Mining Co 8 818 tone Kennrcot controls Four Comers area ence in No 1 1680 ft from th S line Unit management 1045 cerf daily Corp Copper OABFIELD COUNTY company's new plant In—Den- antlls an 33E and 680 ft from th E line on paper work expert OB Co Im Cannon Unti No ” tlea Creek Ce Deaert Phillis Pttralesna C BE NW Raid Chiefs in Huddle ver' Colo””"' l Navajo 725 ft from th N line simplification S868 ft tnd 730 ft fror th W line Actually he noted manufac—Moving in materlalf SAN JUAN COUNTY NEW YORK— Alfred E Perl-ma- turing operations ceased May 15 eserlar Oil C ef California North Tha Yexaa Co Aneth Field Nevalo Desert PERMITS BUILDING used as a the with Creek Navajo 1068 ft from l Week’s Most Active being New plant York Wh 2 of 608 N 2 line and E 2109 ft from the president S line ano 860 ft from the W tha 24K— ft from tha W line Salt Lake County Central Railroad Co is meeting warehouse since that time 3703 line 2E— Top ft Drlllng 8680 ft DST No 3 ft of Shtnerump: 2310 ft Ruberold will still retain a B Thorup 1800 N WoodpMf with George Alport head of the NEW YORK Oct 13 (AP)-F- red Open 1 hr ahut in hr fa to 10 brick United Slatea Smelting Refining A and frame residence 37BQ In 40 mine Measured 3150 cubic New Haven A Hartford Rail- sales branch office which has 8Drive Ca Chlnle Waah No 2 760 URANIUM STOCKS Adonik Drive 830 000 W Oldenburg vice presi- feet dally Recovered 510 ft heavily ftMlnlnr N 1190 th fron end line ft from 109 W to moved East been S 1873 11th F Elmer Perry road already roW 2 in IE— th line Moving 3844 I 4118 South dent and director brick residence of sales of But the nature of the discus- - 2nd South tary tools 615000 Meaa No 1 approximate Bhelt Oil Cm Cahon 3830 Lakevlew American Box Board Co Grand S H Barrineton Standard Oil Camaany af Callfarala 6E SW SW 25E— Drilling 3100 8 Drive two brick houses C SW NW Red Waah Unit -Ran to 1275 ft ft 10000 and 110500 Mich casing elected 1200 East been has 6657 ft to Ran of Top: Mt Peala South Rapids 100 C Signaling Oil A Gsa Cm Elk Rldfe Investment Co Lower Green 330 ft from th N and Green River 2682 ft i Unit No of the Fibre Box Assn Temple two block houses I and Wasatch 5A61 ft president ft River 5J8d Cor178 Weat SW of 243S18E— C each South 317000 3335 't Standard UTAH COUNTY Russell Nicholes 2408 S S3rd East Philip F Paul manager of the ing at 2284 ft NEW YORK Oct 13 Soldier Carter OU Cm Gothle Noa brick real dense 3808 S S400 East and Aaaaalata W Pauley Fdderal I 118000 NW SE NS Summit No 1 80 ft from the N line paperboard division of ths Flint-kotCorp has called a spe- DST NoNo 3 2 3402 A P Nellaon Construction Co 3380 5457 ft Recovered and 1680 ft from the W line Big Horn B Co Los Angeles was cial stockholders meeting lor 240 ft alight raweut drilling Main 37 block housea mud DST Drlg 6165 ft Crek 4 4 hrt Recovered ft Open Calamity COUNTY 2 on WAYNS vote to Nov and consider 70 E 690 South elected vice president of the or466 ft of drilling fluid No thow iRiver S 1080 East and 1081 E and Green Carter OII Ca Neouola Arch No I of the Th Texas Cm Cataract Canyon No the proposed purchase 560 ft from and 5730 South 89000 each ganization SE SW 2 37S 1E— Drlf 1570 lgSO ft from N line 5E— DST No 6 assets of Marlon Power Shovel ft N4 760 873 ft Open hra the W line DST No Recovered aalty 564 4564 ft With r Bur e SE1U Co and the Osgood Co from Shut In 4 hr Recovered 225 ft of 4mud No show drlf Mui Sample too of Went letaft Market Locations CONVENIENT Scott LOO OIL Along 760 Hermoaa aection: NEVADA ft Corp Many — — State Oil hail Field Aneth Car Oct-1Stocks of Holders will of record Development!? Leading ele county Average Price Three 3260 ft from th S line Shell Oil Co Diamond Valley Unit 2 140 ft from the W line have voting rights Universal andS—No 7046 543—Drl NW NE No AVERAGE OF 30 LEADING SASED UPON report CALL EM Corp Is the corporate Shell sucTrldeat Oil Cars Beef Batin Unit No ft Oblecttv depth! 7500 ft INDUSTRIAL STOCKS ON THE NEW YORK STOCK EXCHANGE cessor to Capital Transit Co M Oat e Team Coll Celleel TK Both Universal and Aai£vMr6 are controlled by financier Louis Wolfson De-sig- The Ruberold Co's asphalt roofing manufacturing plant at 1674 Beck (850 West) will discontinue operations Oct 31 Wilbur G Neel district sales man- A T HARRY SERVES as a vies president and member of th board of governors of the Salt Lake Stock Exchange He was — first president and leading organizer of the Utah Securities Dealers Assn bead of dJSD Ain legislative committee Mrt Brothers has been In the forefront of the battle to' raise standards’ of membership among security dealers In the state He has been a member of the Alta Club for 20 years a past president of the Bonneville Kiwanis Club and a founder of tha Aviation Club Mr Brothers attends First Congregational Church at Salt Lake City Intermounlain Oil Log C-- 4 Roof Company Plant to Close — ! ’ 20-2- Okehs Petition v PROPERTY TEMPI! (AGlf HOCK— SOUTHEAST COR 2ND SO A WEST front en Wat Tampl 135' front on ini Suth-12l- ’Y tha hlphaat bidder (3 atory Eagle Blech 6ldg -Te Ceurt Route Judge Stewart Henaen-Ceu-nty 6y ' for port leu lort ar C Call EM - Irafcdf "The Cegfemer' 111 AlU Building Phene IM Menticelle Belt Lit lid OHire-Cemp- hall hlM City Utah IU 471 Teletype 111 — ’4 |