Oil Stampede Rapidly Developing
In Kateel Country With Two Rival
Concerns Filing on 200,000 Acres
IFAIRBANK, (jW—An oil stam
pede was rapidly developing here
after two concerns filed more
than 200,000 acres of oil leases in
the Kateel River country, west
of Fairbanks.
To date approximately one-half
million acres of land in the re
mote area of Alaska inland from
Norton Sound has been leased by
oil concerns.
Two weeks ago a group headed
by F. Kirk Johnson, prominent
Texas oilman, and 'including
movie star Jimmy Stewart, leased
268,000 acres of land in the region.
Monday the same gfoup leased
an additional 140,000 acres.
Investors in the new lease in
, eluded Alfred Hitchcock, Holly
wood movie director and the Ute
Royalty Co., Salt Lake City, Utah.
Earl Henderson, president of
the Ute Royalty Corp., laid down
checks totaling more than $40,000
from the investors when the Land
Office opened its doors Monday
morning. But also waiting at the
door were representatives of the
Texas Yukon Oil Co. who im
mediately filed leases for 40,000
acres of land in the same area.
Margery McCormack, who is in
charge cf the Land Office here,
said all the leases would be con
sidered as being filed simultan
eously and if they overlap a
drawing will be held to deter
mine winners.
An attorney for the Texas Yu
kon Oil Co., Julian Hurley, said
a representative of his concern
had reached the Land Office
counter an instant before the rep
resentative of the Ute Royalty
Corp. But Land Office manager
McCormack said that where only
One attendant is on duty such
>-—
filings are considered simultan
eous. Hurley countered with a
charge that United States law
does not recognize simultaneous
filing and one of the two concerns
had to be first.
The sudden and intense inter
est in the land was explained by
Dr. Ernest Patty, president of the
University of Alaska and long
time Alaska mining engineer.
He told the Fairbanks News
Miner:
“The land these concerns are
seeking to claim is composed of
a geological structure that would
hold and produce oil providing oil
ever was there.
“The Navy found large amounts
of oil and natural gas in a drilling
program north of the Brooks
Range around Point Barrow and
Umiat. These deposits are so far
north they are virtually cut off
from markets.
“Geologists believe that the
Brooks Range uplifted at a late
date splitting a great oil basin.
In other words there seems to be
as good a chance of finding oil
south of the Brooks Range as
there was finding it to the north
where the Navy has already lo
cated plenty of petroleum.”
Henderson said the group head
j ed by Johnson has started intense
geological studies in the area. He
said drilling would commence<
I next summer and approximately
: 2Vfe million dollars will be spent
j to drill up to five wells.
Giants Begin Accepting
Mail Orders For Tickets
To The World Series
NEW YORK, (J1) — The New
York Giants began accepting mail
orders Tuesday for World Series
tickets.
The Giants lead second place
Brooklyn by 3 Vi games with 12
to play. The Series opens Sept.
29 in the National League park.
Reserve seats cost $7.35 per
game, and are sold only in blocs
of four—the first, second, sixth
and seventh games. Tickets for
games not played can be cashed
in. The strip of four sells for
$29.40 plus $1 for postage and
registered mail.
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I MINERS & MERCHANTS 1
| BANK OF ALASKA 1
| NOME ALASKA
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Man Missing In Wilderness
For Six Days, Walks Out
After Leg Injury Heals
FAIRBANKS, UP) — Sheldon
Sanders, 40-year-old Army Engi
neers employe from Anchorage
who had been missing six days,
walked out of the wilderness near
Livengood Sunday night.
Sanders said he had fallen and
thrown a knee out of joint while
hunting. He said the injury forced
him to camp five days before he
could start walking out.
Sanders, who said he was never
lost but was unable to make any
progress for several days, reach
ed the Ben Falls mining camp
Sunday evening about the same
time a search by 100 men for him
had been called off.
He said search planes passed
directly over his head seven
times during the week he was
missing but he was unable to at
tract the attention of any of them.
12-Year-Old Palmer Boy
Killed While Hunting
ANCHORAGE, UP) — Ira S.
Curtis, 12, rural Palmer youth,
was killed in a wooded area near
his home Saturday when a gun
with which he and another youth
were hunting accidentally dis
charged, it was learned yester
day.
Territorial police found the boy
dead with a gunshot wound in
the abdomen after being informed
of the accident by the dead
youth’s companion.
Young Curtis was killed, police
said, when the gun discharged
as it was being handed from one
boy to the other.
U. S. Commissioner Dorothy
Saxton declined to' name the sec
ond boy involved in the mishap
“in the interest of his future wel
fare.”
Japanese Girl Torn Between
Reds and Family, Suicides
TOKYO, OP)—Kazuko Endo, 20,
senior in a woman’s university
and a Communist party member,
killed herself Monday. She left
this note:
“The party accuses me of being
inactive, while my family presses
me to withdraw from the party.
The situation is unbearable.”
LOMEN COMMERCIAL COMPANY
NOME. ALASKA
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