Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-12-21

asCertains that he Ia bonded 10 exponi
not less than thirty thousand dollars
TO exploit these leases, which FOR the
greater part he IN Emery county. Nea
Mr. Bettys' holdings are the lands Of
THE III VERDE RIO.
This company has been Incorporated
IN the East principally New York
stockholders, we believe IL had two
weeks 0go from the sale Of treasury
stock $4,000 In lts treasury, and this
sum and much more will Boz expended
ON lands between Price and Grand
Junction Two rigs are already here
ana one Of them has been started up
near Solitude a sta ton on the line Of
the Rio Grande Western. Several Den
yer ana Colorado and Wyoming men
are becoming interested IN Green River
and from unauthenucated sources
comes the information that two or
three plants are on the way there for
work the present winter The Walker
Bros are also the holders OF large
tracts of land IN the Green Riyor belt
but they have not as yet done anything
Of substantial nature.
ABOUND SlINNNSlDE.
Here every available foot of ground
has been taken-located, The Price on
company In which such we'll known
men as Representative Joe Sharp Of
Carbon county DrAW DoWd and 9th
ers, are promoting this company They
have had d small rig at work for two
months or more. and are really testing
their holdings for larger machinery
than IL now employed. Their lands are
also valuable aside from oil for the gill
sunitc and asphaltum deposits Offers
have been received 90 buy and leas
but up TO this time an have been turne
down Lying between these locations
and the city limits Of Price there are
something IKE thrtv-eight sections Of
land belonging 10 Che Price Home Oh
company. which win Do ntollgently
proepectod between now and next
snrIng. There are other large hold
ings TO the north.
THE COLORADO LINE.
South Of Yornal and on the Colorado
line In Grand and uintah counties in
Utah two boring outfits have gone IN
from Creyasse, the nearest railroad
point, the past few weeks and wells are
down to a considerable depth. one OF
these IS that Of the Colorado-Utah OIL
company, headed by Nernal and
Salt Lake capital Here n
good grade Of oil flows from
seepage into the Grand river
1t is Of good ubrcatIng quality may
De dipped up with a bucket and has
been in practical use for years by the
ranchmen Of Uintah county especially
those of the Ashley valley for lubri-
eating purposes on Willow creek,
near the Waeatch and Carbon county
line. a wen down 20 the depth Of five
hundred feet has been PLUGGED and a
new bore started, Here the flow Is
estimated at five barrels a day already
a paying proposition, It Us said.
CONSERVATIVE ESTIMATES
Experts who have this ram ana win-
ter thoroughly exploited the oil fields
of eastern Utah, say they are conser-
vative In their statements when they
say that this section is destined to be-
come the greatest producer of lubm-
cants In the world. There are few "
any Of the booming methods employed
elsewhere, and what looks best TO peo-
pie hereabouts Is that those from a
distance men who have operated and
done well in other fields are putting
their own money in There has been
an absence of wildcat" mining, ana
up 10 date the residents Of the country
farmers and merchants, ana business
mon penerhllY. have reAned substantial