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Show February 10. 1956 THE WESTERN Page Three MINERAL SURVEY Survey Writer Gives Full Report iners Mull Problems, Tell Plans, View Future At Denver Meet the government, or any one else In risen, roughly, ten times. (Continued from page 1) figures are given out as to the City, (Charts), discussed believes ment, which trades a surplus of size of military forces, the num- creased Costs of Mining in the said that he spends, in developing a workable, Breyer farm products for metals and ber of aeroplanes to be purchased Jnited States, Friday, In the the paper price of the common efficient shale retort, and no matterminerals. and other information which Lead, Zinc, Mining Costs and metals will continue to rise in -how good that retort is, he Threat to Industry a to seem more see can Section. rises the little in with the prospect that Colointeresting Policy might any future, He pointed out that an admin- potential enemy than the amount He contended the nation is total cost of labor, and that a rise rados shale deposits will ever istrator had been set up in the of copper, lead, zinc or aluminum, passing through another inflation in metal prices will follow more be fully developed, unless adeAgricultural Department to which the government had on period with the purchasing pow- quickly in the future (after the quate quantities of water are handle the bartering and that the hand. er of money becoming less each labor cost rise) than it has in the available to refine the oil and to metals and minerals, where saved Free Enterprise support the population. year. He contended the producers past. from foreign processors, would Addressing the Friday session of oil and minerals are turning Russell J. Cameron, engineerJohn R. Pownall, Project Enbe placed in a supplemental stock on the topic Government and out something of real value and gineer, Union Oil Co., Research ing consultant of Englewood, pile rather than the defense stock Mining, Hon. Clarence A. Davis, are receiving paper money in re- Center, Brea, Calif., talked on the Calif., speaking on the same pile, and might be turned loose Undersecretary, U. S. Department turn which will be worth less in progress of Union Oil Companys panel, discussed the Processing for sale at any time, and conse- of the Interior, Wash., D.C., spoke the future years if the inflation Oil Shale Research and Demon- of Colorado Oil Shale. He said he believed presently stration Plant. quently constitute a threat to the in defense of free enterprise in continues. domestic mining industry. the United States. Union Plant Plans known methods can be used for Metal Price Up As an example, he cited a barthe national adHe offered a comprehensive lie He spoke at a special evening mining and retorting Colorado ter program with Mexico for ministrations desire to support study of the real prices of ma- session of the Oil Shale Section oil shale, and for refining the and promote measures helpful to terials over the past 40 years and in the Shirley Savoy Hotel. oil to high quality products. fluorspar. This project would encourage mining which would assure the found that the real value of These methods, he said, can He said Union Oil plans to expanded production of fluorspar maintainance of free enterprise metals had gone up very little build a Shale Demonstration produce shale oil products in in Mexico, obviously, and, at the opportunities for the individual. price-wisin proportion to the Plant, 11 miles north of Grand quantity, of superior quality, and time barter for fluorspar reached E. O. Sowerweine, of New very large increase in wage costs Valley, Colo., near the intersec- at a cost entirely in line with its conclusion, the tion of the east and middle forks economic demands. York, vice president of Anaconda and production costs. Mexican said discussed the efforts he also of Parachute Creek. John Donnell, U.S.G.S., Denver Mr. found, fluorspar operation, Copper Co., Breyer would then be forced to find of U. S. Senator Green, of Rhode in a study of some mining propHe said the oil shale will be Federal Center, Denver, spoke other markets for their products, Island, to repeal the current sil- erties, that the construction costs mined by the quarry method from on Colorado Oil Shale Reserves and could be competitors for ver laws. of opening up new mines, includ- the Mahogany Ledge strata, along on the panel. Dr. Tell Ertl, of He told the meeting the only ed wages for common labor that a 1000 foot open face. United States mines. Grand Valley, Colo., presided. f times Mr. Pownall said the mining At luncheon Friday, Joseph F. Strauss also questioned the excuse .for such a proposal is the are nine and need for secrecy in Washington desire of silver manufacturers to greater than prevailed in 1916. contractor is the Isbell Construc- Little, Denver, urged that the 14 with regard to stock pile pur- purchase their raw material at In comparison, he pointed out tion Co., of Reno, Nevada and western mining states consolidate chases and tonnages of metals a lower price. the price of metals has risen only the prime contractor for the de- in a publication and promotional times through sign and construction of the plant program designed to build up He said practically all silver two and and minerals by the government. is the Stearns-Roge- r Manufactur- public knowledge of the importHe said men from the mining purchased in the United States is that period. resame Denver. ance of the enterprises that these in contained to in the called conclusion His ing Co., is, that, Washington practically industry are states are fostering. of ore to materials from which other the great supply for advice on purchases of metals Supreme Opening sponse to retort site is said Merrill E. Shoup, President, He cleared the and minerals by the government are recovered, and, in many cases, money and credit, as compared as two and and on stock piling programs, but it is only the presence of silver the supply of metal such prefabricated buildings Golden Cycle Corp., Colorado are not permitted information in ore and the fair price for it, zinc, due to inflation, the prices erected. Foundation work for Springs, Colo., presided at the concerning tonnages required and which makes possible the output of metals, has risen about two equipment is in progress. The luncheon meeting. Sherman B. Hinckley, of 2579 f times over a 41 speaker said his company now the period to be covered by their of lead and zinc, which are crit- and to entire Beacon have low a the defense from ical for and national expects Drive, Salt Lake City, plant year period, roughly, requirements. sumnext some 13 time to General to cents of in needec six five be which Needed Manager, of Rico ArgenInformation up operation may urgently mer. cents. tine in future. is the Mining Co. read a paper on He said such information no matter cost of He of that labor He said the the G. Frank emphasized Making Sulphuric Acid from essential for competent advice, Breyer, Union or Oil much how to metal has York that New & hour money produce Sulphides. Breyer, calling attention to the fact that pin-point- ed e, over-extende- d one-hal- one-ha- lf one-hal- Sing-mast- er Magnolia Finishes Rio Arriba Well Annual Report Shows DME A Aid Upped Assistance Program To Miners In 555 New Mexico Bureau Magnolia Petroleum Co. has completed a gas well in Rio Arriba county that was originally The Defense Minerals Exploradrilled as one of the deepest well3 a received Administration tion in northern New Mexico and then finantotal of 485 application for plugged back to produce from cial assistance during the 1955 the shallow Pictured Cliffs for- calendar year, Secretary of the mation. Interior McKay anDouglas The well, the No. 1 Jicarilla A, nounced today. was completed for an initial proof cubic feet duction of 910,000 This represented an increase of gas daily from the Pictured 20 per cent over the number of feet. The well applications received during the Cliffs at 3034-5was drilled to 13,580 feet, then preceding year, and brings the plunged back to 3087 feet. total to 2,922 as of December 31, 1955, the Secretary said. During 1955, 150 contracts were executed together with 76 amendmentswhich, to contracts, had total estimated costs of $5,303,343, 0 Larry's Union Finest Service QUALITY PRODUCTS & LOWEST PRICES 1165 California Ave. SUNSHINES 3700-foo- level t west drift along the Yankee Girl vein has passed some 60 feet beyond Metropolitan Mines western boundary but has not yet penetrated beneath the 3400 stoping area in Sunshine Consolidated ground. Some marginal ore was found near Mets west line. with Government participation of $3,502,799. The number of contracts executed during this period was 60 percent greater than the number executed during calendar year 1954. Disbursements of Government funds during the year to operacontracts tors under DMEA amounted to $2,618,364, bringing the total to date to $14,330,285. $1,275,000 had been disbursed by the end of 1955. Since the inception of the program, 220 certifications of discovery or development have been ssued, with total estimate project costs of $10,089,537 and Government agreed participation of $6,362,741, of which $4,867,446 has been spent. Mining Notes . . . THE ATOMIC ENERGY reported significant progress in its program to develop industrial, naval and aircraft atomic power plants. DAWN URANIUM may soon be shipping carloads of autunite to a Utah smelter. It is understood a shipping permit has been applied for . . . Hayden Mill has been one of the volume leaders around the 2 cent level during the past week . . . Watch for good news regarding the Utah joint venture of Bismarck, Merger and Nabob. Based upon information now fifty-fou- r and hundred available, it is estimated that the Eight contracts have been executed by potential ore reserves on the 220 DMEA, having total estimated certified projects have a net recosts of $39,793,198 and Government participation not to exceed coverable value of approximately $237,000,000 at current market $24,417,247. GENERATOR SUPPLY CO. prices. During 1955, 244 applications were denied and 84 withdrawn, CONSTRUCTION of 11 new bringing total denials to 1,335 and withdrawals to 526. Applica- uranium mills and expansion of tions remaining to be processed two existing ones on the Colorado as of December 31, 1955, number- Plateau are planned, the AEC ed 187. 867 So. 2nd East Phone EM 4-77- 23 announced. DMEA issued 51 certifications of discovery or development in NELL Insurance Agency Complete Insurance Protection Performance & Surety Bonds - All Forms of Liability Auto - Fire - Theft M. G. NELL, Manager Bus. Ph. EM 60 South Main Ros. Ph EL Room 226 Salt Lake City, Utah 4-67- 47 5-13- 26 COM-MISSIO- N covering the following commodities: Cobalt, copper, fluorspar, iron, lead, manganese, mercury, mica, nickel, thorium, tungsten, uranium and zinc. 1955 Charon Texaco Service The certified projects are located as follows: One each in Open 7:30 Alabama, Arizona, Illinois, New Mexico, Virginia and Wisconsin; two each in Georgia, Montana and Washington; three in California; four in Idaho, five in Utah; six in Nevada; eight in Colorado; and 13 in North Till 10:30 FEATURING THE FINEST IN SERVICE PRODUCTS AND GAS 4777 HIGHLAND DRIVE The total estimated cost of these 51 certified projects was $2,460,899, with Government participation set at $1,580,854. Of this latter amount, approximated Phone CR i 7-00- 93 |