OCR Text |
Show ANOTHER OIL COMPANY TO BE ORGANIZED Cleveland, Ohio, Capital Said to Be Behind the New Company We wero Informed yesterday by Thomas P. Wharton of tho Utah Oil and Gas Company that a new oil development de-velopment company is to be organized organiz-ed within tho next fow days for tho purposo of drivings for oil and gas In this vnlley. The company Is to bo organized undor tho lawa ot this stato but is to bo controlled entlroly by castor n capital. Mr. Wharton stated that a corros-poudoneo corros-poudoneo has boen going on botwoon himself and certain Interests In Ohio nnd tho monoy will bo raised in tho oast entirely for tho purchaso of tho rig for drilling for oil. Actlvo development devel-opment Is said to bo started at onco. ho men with whom a correspondence correspond-ence has been had, liavo boon identified identi-fied with tho oil Holds ot Pennsylvania, Pennsylva-nia, Cnllfornla and Ohio nnd from tho . reports glvon them, thoy aro fully satisfied oil can bo had In Cacho Valloy. |