| Show - " ' - - -- " - i s t- - - t w -'-- ' )' 41 rlA 4- C 1 - The Salt Lake Tribune Sun( lay March ti r Up and Do lin the Street t IIa Gas Finn Sees Bonanza Iii jo's Valley Wildcat 1 Ily flobrrt Ilit)11110 W prollahly hod 1 I r—x ' I 1 1e '' !' ' e As 1 Mr Iternick the field So 0 r- " 1 re & i o t i( ' ' - - 'T - i k t - J - I i ig 1 i 'N' ' x ' vt1)-'- 1 14 1 l- 101 - N - 4n w - - v -- fi- - t :'41 -kt N- ' Si : ' ' fl : - ' ' I' V '' P fl i - f ' ' ' Nk N '' ''' r 2 I : :: '''1 1 z 14 - ' P ' —- 7 T k i i i 5: r i - - - ' ' : -- '' ' lortihyrou fb 0 if -- ''' '1 f t ' h '- - : - t "' by - 41 v4 I ' Last Week in Finance 111ell --D- tie November 1955'production easing was set in top of the ferron formation at 7100 tett and drilling nos continued ahead to LIU feet 'The volume ot gas Increased steadily as the drilling open- lions proceeded The Ferron was penetrated With three high-volume zones still anticipated it was decided to complete thei w tit at that depth before adverse snow and weather conditions made operations impossible 'Only 172 feet and a fourth producing zone has been opened out of a possible 500 to 550 feet of thickness (of Ferron sand) The high potential zone remained still undrilled "Tests of this well indicated an absolute open flow of l7400000 cubic feet of natural gas daily Shut in casing pressure was 1373 pounds per square inch The gas contains 1)95 BTU (British Thermal Units a measure of heat value) per cubic foot It is similar to the gas found at nearby Clear Creek lie Asaortated Press MICOlida At lefr -4 140 NEW—l'ORK March 17— A new pricing policy announced by Anaconda Sales Co will! once again boost the cost of copper to fabricators Announcement by Anaconda On Friday that it would price all its chilean output on the London metal exchange price a 'Against tremendous odds mounting snow drifts and irams Just four days after : fabri-blizzards Utah Natural Gas Co purchasers of the gas laid number of independent temporary gathering lines across the top of the snow from !cators hail gotten around to Clear Creek to the new discovery passing Increased costs of the am ' 1956 the well was put on the line During Past month on to consumers "On Jan About half the copper Ana- January 111 million cubic feet of gas was sold and four million! cubic feet a day of gas is now being delivered daily to the ready condo sells in the United - States comes from Chile industrial market in Provo and Salt Lake City" Mr Gordon said "value of the discovery cannot be evalik i The company has been sellated at this time Further development and data on perform- - ing it to US customers at the Ewe under withdrawals of gas will be required for more ac- - standard price of 46 cents curate estimations Chilean copper sold outside the 'However from surface geological data assembled sub-- United States was priced sc stantiated by drilling to date I consider the Ferron sand reser-- I cording to the London market Based on late London quota-hav- e voir to be much larger in productive acreages and possibly to more thickness than the Clear Creek Ferron sand reser-- I tions the new Anaconda policy will boost the price of Chilean voir "At a greater depth than the Clear Creek Reservoir the high copper sold to US customers about 7 cents pressure encountered in the Ferron at Jo's Valley Indicated byThere was no announcement probably about 20 per cent more recoverable natural gas per from Kennecott Copper Corp acre than at Clear Creek" the biggest US producer that it planned to abandon the standard 46cent price for Its Chilean copper 11':''1' l'Irciti'' t I Iiind V- - of ( 1404 1031 Ion o 11421 673 Littotti2000 04 0 p ) ap - - ' ICA 266 112 3 Ichi1' Pri6Sumtaert till S Index) 11 1171rtato 010 l'1r poaa r Pr& ( 103 lit 110701704000 1Ankt ( tritrings tot I 41 417 istratcti Ittltt4a1 !A um ne-uAA 4'4 00() (400 1lo 8477avo Nat 2 toeaa kraoraes 11217170”0 00 told Stork I Itttrs firttkett P73 It 39 410270 Icant Money In (Art ulattott 71 2'37 IllNat 1100 4 11106 9 726 oraq 0fwt Ill NIA° natvrt ft A 210 No 1101 114 00 00 0 32776d 1181010(1 1135010-0- 0 $21 to7s 44 00 (No (00 000 II ey1-a- 12110 622 2a5 Nei Ns) le 'a 000 Nit) a 111 71700() (10 $t 717 otto 04 12149331a01000 $4P7 Nn0110 000 tsto SI 0011-141- OttO is 14 14 176 708 '" I 000 4104g)(40 i 1 Nennountain Oil Log )411lpr metals Shill Oil Co North Poundory Putrea Vnit 43 2a 18N) It from the N lino and 1313 ft from the W line 28 4 2S 221--InHe pump Flowed of oil between 3 1 SS and 3 11'36 through tubing Top of Mo lac 5363 ft PRINCIPAL WILLS Box ILDIR COUNTY 1s Utah Southris Oil Cc Snowvi lio Area Government No 2 1325Y1 106 CIO ft COPPIti livered 'nal vow 411 prices: ent tiOup Foreign York I pound domots nom 411413-iV- a SI 1 1 punish IL Barglebaugh native of Tex was named vice Dallas president and general manager Salt Lake branch of Federal Reserve Bank of San Francisco Car-som- Saturday Ile succeeds W L Partner retiring after nearly 39 years service with the Federal Reserve System - Mn PARTNER has been with the Salt Lake branch of the bank for nearly 31 years A native of Iowa Mr Part- ner commenced his banking ea- reer with the Spokane and Eastern Trust Co (now Spo- kane and Eastern branch of Se-First National Bank) in Store to Shift Froni SL Into Suburbs - - - t - URANIUM CORPORATION ' — Nom 4 - --- - Assossobto : 1- w 1 - OBTAINED ' t ( i I Please ' GILA Offering E R S L CITY & TTATI 4 t :': 4 ' I ':( I I - : — ' -- - - Ileads Barglebaush unit Federal Reserve t 44r41 V ter A itramet diamvpa 1 Partner 39 years In Phone Retires banking post at- Store " ' ° -- M i 'e third floor banking operations as well as interior elevators Widened stairways also will connect all floors in the bank Most unique feature of the changes involves the exterior of ground floor of the bank Greater glass areas will be provided ll around this floor And a glass "visor" illuminated witb lighting will extend "thin-line- down Main and 2nd South Streets this Stevenson's running mote? Is L ORVILLE FREEMAN 3 of t t - 64 Bid ::: Federal Great Chief Wyoming 1 Ur 13 00 6! '!'' " 1: 111' - I THE PRESS prosnted by 00'i PACIFIC NATIONAL LIFE ASSUAANCE CO 00121 0 SIX Today KTVI Ch 8 Cs if ISVA-S- 4-- 4:00 - pow Sol Sytkere But Mon AS C Chute Can Circle Cliff X Comanche 1! C01190 i? 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'' 4fr1 :! ' d 1 - N 0 A I 4 ADDRISS ' ' - 4: ' " Circular yNAMI POW i ( t 1' : 'S t) -- A A t--- e t ':' 4 ti EM sond me a copy of your 1 ' ti1'N -?: fiP 0 1 4 SELLENEIT BROKERAGE '' t Report 00 Lome 00 Itequolot Atis -- sf Hofmann's started its decen- tralization program about two 'T years ago with opening of a large store in the Sugar House 'Shopping Center Mr Pence said that downtown hardware stores Without large 1 parking areas "are a thing of the past" ?' ': I( i J '- 1 4 i i - ' I -- 329 NEWHOUSE BLDG - 1 FROM: PRINCIPAL UNDERWRITERS ' A a BE a 1 claims MAY 0‘' Two other suburban stores are planned by Ilofmann's for Salt Lake County as Is a store In southern Davis County Mr Pence sal4 ' f t located in The company holds unpatented mining and Sierra-AnchArizona district Gila County mining The company is acquiring addiin San Juan County Utah tional mining claims located in Sweetwater County Wyoming The corporation is in the mining business and is presently in the exploratory stage solicitation This Is neither an offer nor Solos are mod niy throngh the Hering Circular - 0 i Per Share HP AN OFFERING CIRCULAR gave industrialists and retail- Joseph T Pence who i s c osome rather tasty news to partner with Robert K Bertag- lers in its annual "survey of nole in the hardware and ath- ronsumer finances" It found letic goods concern said that a new store would be opened be- - that the public planned to buy tween April 1 and April 15 in a record or nearrecord num- the developing Granger Shop- - ber of automobiles new homes and appliances this yeaf ping Center 3 10 Al 44 13712212121 Sbumway Standard LSI Wan Kind 13 1123 White Can t344 001so Yank 00121 Zorn IS Al Tile FEDERAL Re Serve also t 113330 Mt Peale 01 Jato Pit Konold The agencies reported business outlays for the plant expansion in 1956 would total 35 billion dollars or 22 per cent more than the record total of 287 billion dollars spent for this purpose In 1955 Co lion" -' I Lisbon year 'hose main store has been cated for 35 years on southeast corner of 2nd South and State Streets Saturday announced its downtown outlet would be (loved in favor of "suburbaniza - Offering 10000000 Shores of Common Stock PAR VALUE OFFERING PRICE 't ' Hardware liof mann 'arc NEW ISSUE F en-atti- c URANIUM!' '''- Expand Plan Dow-lone- 15 SO 4 : Reserve Bank - 100 ' 1 Government officials indus- trialists consumers and investors seem to be preponder s Servico antly optimistic that the ecoAKRON March 17—Proposed will remain saluof Texas A & NI joinned staff nomic climate control of Motor Cargo Inc of brious of the Federal Reserve Bank Akron by Consolidated Freight-way- s of San Francisco at Los An-o- f The most outspoken dis- Inc of Portland Ore was 1924 as has come in announced branch June opinion senting geles jointly here from banking circles transit clerk IN ADDITION to Motor e bankers close to the go two subsidiaries and four AFTER WORKING in various departments he was ap- Federal Reserve Board are still :related corporations are In Uncertain whether the boom 15 volved in the transaction They pointed assistant manager of reviving or whether a summer include Motor Cargo of Minnethat branch in August 1943 letdown is still a possibility sots Inc of SL Paul Minn Business loans have been un- - Motor Cargo of Delaware Inc Since Dec 1 1950 he has been assistant manager at Salt Lake usually heavy If demand for of Wilmington Del the Indus- such credit builds up pressure trial Oil & Terminal Co of City on bank reserves one high Akron the Mocago Equipment Appointment of A G 11°1- - ranking official said the Fed- - Corp of Wilmington Del the man as assistant manager of eral Reserve will step in and Orr Service & Supply Co Inc the Salt Lake branch also was supply funds to maintain its of Akron and the Triple "0" announced Mr Holman present policy of constant pres- - Service & Supply Co of Akron tered Federal Reserve employ- sure—neither further tighten with operations at Lodi Ohio ment in January 1947 at the ing nor easing Unaffected by the transaction Is the Orr-ShaOil Corp of bank's head office in San FranONE OF THE most stimulat- - Akron which will remain in the cisco He is a native of Logan ing developments of the week hands of its present owners was the report of a survey taken by the Commerce Department and the Securities and ExWM'S SIDS ON URANIUM STOCKS change Commission The surt Nom lowil Nigh Low Lost Cho vey indicated that businessmen bpocha -- AEA 11 10 10 14 13 Brit Watt were stepping up considerably i 10 -- 01 24 21 21 last Stand their plans for expansion this Fdor' 33712 3 00 3 IVA 3 le cents Pound New York 1906 cents St Louis ?INC i 13 3 cents a pound East St lie entered service of Feder- Louts 14 yenta New York GRANO COUNTY s Reserve Bank in July 1917 Out 011 Carte Coal Reds CallYne Unit 24 4 cents a Pound In AlsUNINUM: axota Oil & Gas Ca Government Na 3 C NE SE 163182AE—I D 3 714 branch (since to core No 1 Westwatee Ares 11000 ft from ft into Paradox itots7 shipping poinL Pure 22 5 cente at its Spokane Prepared ! as transit man- IS litte and lioin it from W line oil Coll ii A4A 744 ft Open 1 hr 13 mini discontinued) : a 41 PnN Alicris2ONY 'le rents weak blow fading Received 20 ft civic exited fleas than carload Wei 27 los rle-1- ce ation New ager Pressures sort) Sinclair Oil II Gas Ce San Arroyo mud Top of Paradox Yotk bulk 33 cents carlota ProdUcrell 'Wain No 2 2420 ft from the S line 5425 t Plant In July 1918 he was named and 1430 ft from the W line 22 NSShell 011 CC last Poundare Puttee MANGAIllegg OM II VI $130 a long 15E—Deepening Into Morrison forma No 3 end IL from the ton unit Gil 4 acting cashier and in 1919 Covernment India ore c LC tiOn poundal N line and 1620 ft from the L line 1' S porta duty vatic Ferromanganese! cashier 23 CIS 21E- - Crsding 5W entnrt locc 10 23 to )0 63 cents a pound standard IAN JUAN COUNTY A 5600 ft test carload lots I o b shipping point 1111ST REP0111 (ion In 1920 he was promoted to Ohio 011 Cc Chilli Wash Area to top of Elbert formation lectro64 5 cents a pound Navajo No 1 NW bW SW of the Spokane branch Shall Oil Ce Recapture Unit No 1 lytic rathielet l'ort Colborne manager Ontarto lasting OHO ft from the I line and OW ft front US duty included — -1 1925 he was trans- On July E 2040S 23K—Location the line $91111111 sin ounce Salt Lake branch to the PL4TINUMt ferred Ce Wstern Natural Oss Boundary I Buttes Field No i NIIV100: 3310 ft SIIYES: Pitt eonts an ounce New as managing d irector and was from the N line and 2140 it irout Vora 20 pone' London named to present post of vice the E tiny 16“4iE 22E TIN! St 02lo I yountL Now York For karst news dolma' Uroniam Milt and manager Jan 1 VINTAN COUNTY 02U10ESiLVEllt $259 S202 a 'look al president New lurk lel in Colorado end the Most—rood 1947 pounds) The Carter Oil Ce4 Whitororks Area THE MINING RICOSD e ton OEN: S3375113423 TUNGSTEN No 2 NE SW NE in Mr Barglebaugh a graduate Yassrs) (Puts lishad Ivory Thursday lar unit i20 pounds) duty tools rotary $d 00 Siobstriprian your par Gulf Oil Core Brennen Bottoms Unit 'two tAtto Iths trial ardor $l Cr No 11 2120 it trron the S sine end 211-2ISS LOWtene St D 000 ft from trio L ha CI 1 Drit 11432 it 11141): tdhromirts)unthpernriTing Discloses Assistant Manaaer Elevated 17" eapacity snd s III be extended to serve both the basement and third floor and the lobby to various portions of ' All of the present marble main floor of the bank floors on the rnain floor will THE marble be removed as will most of the SliTEPING staircase in the present lobby marble pillars and all of the hi he will be eliminated and second marble counters They floor bank quarters will be ex-- rePlliced wi th new Interior rna tended across the lobby wen terials 'including luxurious teak I Attractive black marble will i vood ails In removing dese pillars it replace the pre ent materials on the floor and sides of the la i11 be necessary to suspend entrance ay the ceiling of the main floor The entire ground floor of froril the roof of the second the bank w ill be 'leveled" re floor by inStallation of new fly Thomas E 114!u11aney suiting in installation of a few structural members New York Times Writer stairs and a greatly widened Second floor—Trust depart and expanded entrance off 2nd ment NEW YORK March 17 will be moved to the third There was no dearth of op-- South Street floor Bookkeeping departFloor by floor description of ments enlarged mortgage loan timism on Wall Street this proposed changes includes: division and larger rooms for week The stock market had Basement—Present staircase much to get excited about— will be moved to southwest pot- - directors sessions will be provided Employes' cafeteria will and it did For the fifth con tion of the ground floor bank building Stairs will be broad be renovated and expanded seeutive week prices surged tried In the basement safety THIRD FLOOR—Regional adThe President's decision un- deposit vault area will be en ministration for growing numdoubtedly has been a major larged as will the auditor's de ber of branches of Walker Bank factor In the market but partment and Trust Co will be quartered there are others MAN FLOOR — A long on the third floor with the en The economy traveling at a sweeping and curved integrated urged area for the Institution's trust department fast pace las been quickening The banking quarters will be its gait noticeaby as spring throughout on nears Almost all corporate all three floors and basement news on earnings dividends Main Walker Bank Building and expansion plans has been elevators will serve second and 13 i gla1 ohnsviehewrildoei ecnatrArryglii Oregon Firm Todav- in Buiness To lead Itestc)prreievrieiceg"reliallebre III it I Pruttui401 ohareol sit' War 3alli c''"k eg ehb :a Itit 1 i 144 rrrat fly AispHlotteil yoft k Mar h 12Tha fodoa int trw lute of boalitaa and imame tn the table give otterattni results 10 latest week together 6 all cont 1101 yer oleo: polatms wall the ptateding tweet& Latest pi erk riestott1 14"Pk Its( A14to2 1(S) 0 I of ( ap) Nitol Pro4 110 44 907 601 0626i I re4tti ( al)adings — 364 S41 374 09 279067 Now 9reotttrnitat 163114 214779 4040 Prod I 404 of 0 Itittolaat 9 3:tto at onat toil 4'04 Prod 0 1014130 701460 ( IL) le idd Prod 7A0 ill!Aa) 1174141 U40 llos4s1000 otki 1111404 Is° Ins A Judi Ma tlt tt)rboeyfe Optimisim In Fast Week I 'In isoe Mart Reflects Mines Markets Business News ) Copper I lite hnNtitratall enn o - 4 n e : '' No difficulties title well has an elevation of — L ' N s 10154 feet above sea level) lack of iv ater for drilling and exas finally 'bantrerne lost circulation problems the project offices at t nd South and MAin Streeti Completion of work hich are a major part !Ntodel depicts ground floor changes cloned because of mechanical difficulties in mid 1954 In 18 months at cost exterding $500000 is scheduled 11Ank L Trust Co plans for its bead Walker of renovatiou 'A second vs ildcat is started more Ilion seven miles south est Of the original location in 1954 and hi drilled It) the Dakota sands at total depth of 92I20 feet Noncommercial gas as encountered in the Dakota Zones and operations suspended 1 'It is now planned to complete this nell in the Upper DowJones—AP—UP—INS—New York Times Ferron tone in the near future since this strata shoved gas' durirg the drilling operations" Mr Gordon recalled that at the same time Jo's Valley No IX vtildcat a direct offset to the original venture kill spudded in only to be shut down by severe inter conditions 'Hampered I i ' ' 1 - - 1 ol-- 'ft r- 4 I - : 1 '' I - 4 k v In t ' ' ' ' I 1 '' - ' j t v N - t - f J it ' I i i o i ‘- - I I I es- I -I if i i ')1''--f- t 1 -ii 4 4 - - - - i t I i I 111 ' ' 4 i 1 - : It - ' 4 Ni it'I e 'f'-- i 4 l k ' - 4o ir T - ' 0' ' it - 0 - ' '''''' ' ' z 1 I 1 1 I - ' P I 7e ' It ' - $1 ' '' 7" i o 1 1 'y 't - I ' if 4t -' I I i4 - PN '''- 7 I ' 'I - 1 - - - ( t Jo - ' 1ti - i PIP 1'1'' - ' S 4 I' ' '' - 'Ik- - - - it ' : i ' - tt 4'voA 4' A 011 - Exploratory drilling began at Jo's Valley otructure the summer of 13 Is It the C K Steiner No 1 ulidcal A 4 e - federal unit Fanpfte County consists of f30n00 acres and lies Immediately touthoest el Clear Creek Field discovered in 1951 Clear Creek today has produced over 33 billion cubic feet1 of natural gas from the rerron sand formation ' J F Three States chief engineer made this CO11 d - e''' l - - 0 I 11)57 '' ' IL ''--- It' x ' 1 4 Walker rank Jt' Trutt Co i tteller counter still be instifle1 'has scheduled bid letting for—along north stall of the hank Involves incrtae trt nutn 3ti isseeping Improt MOOS it commercial s rd no!e of t'cr downtott n main offices In SARI teller cages 1 he sJologs tellers 'Lake City it ss as announced vow oct upy an -- Lsland' Ore Saturday by John M Wallace e uhriter near the bark of the t of the bank ipresiderit 'present hat1 building Note department of the bank Cost IIs placed at substantially still be mused forst it'd to oc more than 87AX)000 'cupy the present area Ilk hrte ARCIIIIECTS APE AOitonlthe officers are now quartered 'Officers' quarters still be mot Evans and rtralier who etti In' the aouthwest corner of Ithe mate it still take 18 months to bank extending east to ithe Illinkinig vi'crilt-wrIiCOMPIrte' newly enlarged 2nd South wontinue while the change s' street entranue !are tyeing effected Directly tefilnil the main eleInsolvell In the renovations vator "skell' servicing the Walk shich Include structural ntodit er Bank Building will he a (cations of the Walker Bank !semicircular and attractively new accounts depart !Building Itself are expansions designrd lot banking quarters on the ment in the rear of the bank will main floor to the south of the !building and conversion of the be consumer loan collections third floor to bank operations and other departments Major Generally the main floor vault space locate)1 also at ithe bank facilities will be extended rear stall soill be Increased 50 to the north and south of the per cent prevent Walker Bank IluildIng! Ir trsent Interior bank it ' '1'''''- - - 4 I II '‘- ' - ko it it teport 'Three States Natural Gas 1 il 9 'et e I '4 1eltilitt Itttil()1"111()11 111(i t ie P I 4) I 414t- 1 ' O'' t d- - ' titt a v ' - e u ere 1i11 it - s'aitt-- -- v "') ! County 20 per cent more natural gas prr acte thsrt nearhY Clror Creck Field u hich already has produced 33 kilion cohic fert cl gas quarterly' 'I he information use contained In repott to shareholders Tptre !states also announced plan to spend million dollars In exploration and deeliT il i ment during temalndir of lit741 most of It in ad141tirivg the resen t pit ture st the 80010 acre i 1 Jo's Valley unit i Some three u ells—including a deep text to Dakota formation—uill he drilled at Jo's Of !hi Ciletlitat yrar Valley drainsi the f Sit locations In all ore reported staked at the reserve extension program uill continue Into Joseph C Gordon Plottc:VS7 iL — 1 - - 0- i4'' - t- 1:11 tor Dirtiness 4 — - Eernitit tattrtliIttert of 'I lir re States Natural Gas Co lotorday the firrn't disrostry at Jo's 'Volley Sanp-et- 1 lanitz Stil letill 1 es NV'elikets 0 k r i 1991 IR schen' City Building Utah 3 CO I) Exchange Ii1441 IL Telephon ' Ell 0 1 1 C |
