' - Glo"Oril I A - and Down the Street Up MS - - A' ' CRoiri ) Oil Uratimm Alia - ' g I d Jill ' 0 Is - -- -- - t5" Section C 4 ' ! ' A1it j 4 'h V ' t 1 -- - acted to effect a - ' i i 1 li' 1 1"'"t ' l'- ! — ' ' 1 ' ' ' ' -- 1 2 '' ' 'th 13 '' 1000-tona-da- y It in fine - VITRO CHEMICAL CO which still is engaged in negotiations leading to extension of Onerations at its Salt Lake plant is seeking ore for its participation in the plan Shirley Basin ore could come here After listening to various arguments on mills in the Shirley Basin Mr Jones says that one resolution of the problem would be to let "anyone who wants to go ahead and build a mill and then sell the uranium oxide at $8 a pound" to the commission There would be no amortization grants no government haulage allowance and no purchase of uranium oxide until March 31 1962 he said for such mills :s 1962-196- ack vet nild ax and Points to Limitation of Uranium Purchases I 6 1962-196- ( in - THE NEW "SHIRLEY BASIN RULE" has not formally been promulgated 'by the AEC It may not have to publish it as AEC still will continue to "sign mill contracts" if that is the term Mr Jones said in relation to Shirley Basin The producers in Shirley Basin are said to be arguing that cost of a mill would morethan be met for what they would have to pay in unsubsidized haulage of ore to distant markets in the program-1962-196- Point to Large Ore Reserves After 1966 But their big point is this: A mill would exist in the Shirley Basin area with large ore reserves surrounding it after 1966 Many other domestic uranium districts would be drained of ore reserves when the government-sponsoreprocurement program ends six years from now For exploration of uranium is as dead as a doornail The government then could be expected to endorse a limited extension of domestic uranium procurement after 1966 The biggest beneficiaries would include the Shirley Basin mills Most other mills would be located in areas where there are no reserves of uranium left d Irkei mvs p1 Consolidated Western Ups Mechanic Shop Foreman 1 Yd Special to The Tribune PROVO—Wesley A 'FP Lane has been named special assist ant to the general superintendent of- Consolidated Western — Steer - tons )P --- - ARE 'sued hop - -- yos Nakitaaglowt' Utah i ' ' ' ' 4 - " '' ' ' Born in Box Elder County lAir Lane was graduated from South High School in Salt Lake City and studied produc- tion management at the Uni- versity of Utah Mr Lane began his emiloy ment at Geneva Works as a machinist in 19- 18-- — I" i ) 4 Ob 1011401 110A e 1 It ' ' ' ' I s '' 1 t' ' ' ' 1 0 ' '''41 1 - It ' ' 00- t ' 004'4 ' ' i - - 1441 - ' :: I - ' ' 4 - t ' ' ' 1 : - ' - ' 11 I 1 - 1 4 - 0 I i ) 100- 1 i ' A i o I t 1 i 4 st-'- ' ''''''"e''''""'''''--- - -- - - 4' do04'- 1- 4 - - " '4 ' - 1 : i woe -- ! -- ' -- J t34 mk : s 0' 0' 0 ' ' " ''' 1' ' : ' ' '''' - ' the new building HENRY C BECK & Co nafirm tionwide construction with headquarters in Dallas Is currently negotiating on prime contract for the new building The Beck organization representatives are in Salt Lake City supervising the razing of the Wicks property Architects on the Beehive Bank Bldg are Harwood K Smith and Partners Dallas s ' stio r' ' '' s L ' ' kk e - '''t-e- ' '''''t - 4- 141 - 0- 4 - ' t"-"- ki ' 'Ito ' ' Lane Pro motul in steelmaking ranks e 1 it i To activity - ' siding bishopric of the Church of Jesus Christof Latter-da- y Saints ' I Downtown SL Landmark to Fall e b : R: r : 6000-squarefo- 1 -- ' : L c r- t rill ri 104 2 ‘ itt 77" - ""- A " n -- 11 - IP — - four-million- 44- ' 1— ed - r'r- t 4 F7- 11 '- -- -ic -4 - -- rt t -- - Anaconda Hikes ExSalt Laker - r- -- s A '' e On the Up and Up - Poultry Men To Study Utah Group I ---- -- 1 ' $i wf A rN k t ( ' syttiltik Last Week in Finance - Other information to be presented will include: By Associated Press NEW YORK June 11—The following table pats operating results in OUTLOOK on marketing malor lines of business and finance in the latest week with companions a year own and poultry products federal with the preceding week and Latest Year ago week Previous Week 1775000 2804000 1728000 legislation as it affects the Steel prod (net tons) 840388 680817 574301 Freight carloading5 poultry industry findings of Niue ileanous freight 342701 323593 288715 1868711 Autos 137356 154954 tests produced (units) random sample laying 71015900 8516009 Soft coal produced (tons) 8410000 conducted by USU findings Crude oil produced (bbis) 6853725 6581210 8998810 93914800000 awards 9848000000 $482000000 from research On poultry re- Engineering 973 988 Paper prod (pct of cap) 94j 8811 850 Paper board prod (pct of cap) spiratory diseases 90 15468114 Stock sales (shares) 17905710 14591370 Also the problems of vacciBond sales (par value) 930874200 928407900 $24385000 314 274 249 Busineu failures number) nation in poultry fundamen119 7 1197 1193 prices ibis index) tals of poultry breeding off- Wholesale 43021000000 13572000000 11134000000 Elec power prod (kwh) Rank clearings S28182975000 923990257000 $23080295000 season production of turkey Demand 1 DePolatil 958293000000 $58268000000 160240000000 Unavailable 931182000000 931172000000 hatching eggs and modern Business loans 9428000000 Excess reserves 9442000000 $443000000 egg production methods and Treasury gold stock - 919352000000 919352000000 $20141000000 11283000000 9953000000 the Importance of automation Brokers loans 8918000000 $311503000004 9318110001M Money in circulation 931917000M° in changing industry---- --'Member bank borrowing 9974000000' 1436000000 $400000000 -- WesleY A ' COL BYRD announced that parking for 150 cars would be 411' ''' 4044''' provided for tenants of the alt 01" idyt0 new Beehive 131dg it-Mr Whiteley said the build- id Ilk r ing would have refrigerated air ' conditioning The large glass N41444t panels on the north and south will be tinted be THE will structure NEV I built of reinforced concrete THE FIRST floor of the Model shows how Beehive Bank building will look at 1st will be of reinforced concrete and steel The eight story and steel with glass curtain will be entirely glass structure South and State site Structure to be completed by fall 1961 building will provide 91000 square feet of space walls and porcelainized steel enclosed The building will exof the on south and north the Stat6 1251i feet on north building The east and west and east on 1st South 112 feet sides win beof cast stone Both Col Byrd and Mr Approximately 5000 square feet of floor space will be Whitely drew attention to the taken up by the Beehive Bank fact that with construction of the proposed new Federal and shops on the 12000-squarA landmark of many years Building on the southeast corsecond floors and foot first will Mon start to fall standing I floors will ner of 1st South and State the The remaining day with razing of the E B have 9000 square feet each Beehive Bank Bldg will be the Wicks Co Building on the O 3 The added space on the first only structure available for ' t northeast corner of 1st South I and second floors is represent- - lease occupancy at the inter:: I ' two- - section led and State by a 7 ' t ' extension on the north il story OTHER BUILDINGS include sewol"11 BARTLErr IVicks presi'! I '' 1 ' r Mountain States Telephone the f 4 BUMMER vgt CARL It dent of the firm founded by president - - -- 441""'' 1 gi ft4tt ' i As ---an- - and 1 Bank Beehive ""' State of the 7'1'101 his uncle and an associate - -- -1 i1 r Telegraph Co Bldg on - ' r I ift - 'I' ::':i: 1 :nounced that lease had been the northwest corner and the said Saturday that the prop I A i 0 p661111:21 t — 4r( e - ' 0tslt04-- executed with Zions Securities recently-complet1 7 erty had been in the Wicks Salt Lake :A for property abutting on :t 0 family for some 65 years 1Corps t j41 a Federal — building—of the branch ' t" v1 the new building to the east Prior to that the corner loovvirowl1 Fran7 San Bank of Reserve drive-iL 3 facilities for bank for t771 r7173 1 housed a lumber firm owned cisco 21 r2 his institution In by the Warnick family Groundbreaking I'or the ) - 7' Mr Buehner also reported pioneer days it reportedly was will follow the razstructure 4 re' now had total that Beehive scene of a blacksmith shop Wicks Bldg the of -4 s I ing 2 sources of $3000000 and ext PRIOR TO THE constructo the i"61""ww' 7 ' L-MR WHITELY the new vice pass pected -- 1 I ' tion of the Wicks Building it dollar mark on its first year president of Dallas Trust was I was a used car lot ' anniversary in August -r- --11 '7 f '44formerly associated with t h e E B Wicks sold the proper11 He is a member of the pre Provo officeof Bettilyon's Inc !""-- ' -ties to Col D H Byrd more - ! Salt Lake realtors than a year ago in facilitating ) An associate in Enterprise -4i construction of the new two -- 1 0 in Associates v: Management i million four hundred thousand i Provo he is a graduate of Oak v dollar Beehive Bank Building P Icy High School and holds a E B Wicks Co Salt Lake degree in business and accountrealtor is now temporarily loBU'rrE MONT June 11 ing from Brigham oung Uni cated at 135 E 1st South i ::61400000:Sio044442 eb woO'''' W ' 0“gMo40PCZA:::OOlitto4 db ' (UPI) —T K (Kelly) Davis versity He also has a masters degree HE RECALLED Saturday formerly of Salt Lake City has that in July of 1937 the pres- II &Wicks Co building on northeast corner j 1937 when a realty promotion drew 90000 been appointed western gen- in business from Stanford Unient Wicks Building was opened 1st South and State looked like this in Salt Lakers through in a twoweek period era! purchasing agent of the versity Mr Whitely is former 3000-acrKenfor public display Anaconda Co effective July4 manager of the near Inc Farms Oakley yon "It was built as a house company vice president E I ' with a second floor patio and Renquard announced Saturday caused a lot of comment Some DAVIS WILL succeed Frank TRAMPOLINE CENTERS 90000 people went through --- -E W Switzer who will retire FOR-SALthat building in two weeks" Ofitiiiiiiii-Sti5i'kiNY--Stikk-111di'kd Anastarted Davis with Mr Wicks said EXCELLENT LOCATIONS conda's subsidiary InternationREADY TO OPERATE They ruined the carpet Co CONTACT and Refining al stature from its breadth of the highest level since 1955 at Smelting By John G Forrest Tooele Utah in 1925 as an Mr Platt IN 64453 New York Times Writer trading and its leadership Un- Commercial money rates were Invoice clerk NEW YORK Julie 11—The like other recent short-livepared further r best performance in three and rallie s r And forecasts by several spearheaded by a half years was staged by glamour stocks issues of high authorities on business activthe stock market this week Investment quality sparked the ity in the coming months were Wirther this was a prelude advance 'C' ' 4 more promising A further to an expected summer ad ' t 1 t lot': vance remains to be seen t I Steel production during rise in consumer buying is M 3 But the evidence indicates the week Increased for the expected 1 that a new spirit has entered first time in a tmonth Special to The Tribune g k: ' ile‘1 'r--'-tTHE MORGAN Guaranty sk of the marketand is one of LOGAN — Possibilities 1 k I Automobile sales in May hit Trust Co in its monthly sur' forming a state egg producers' said vey of the economy 't association with emphasis on 1 ' t Of eourqe smile of the conditions were i i business condimarketing improving nemwas week this Trim Steel Prices stronger than in the early part ' v kr'''''0 :' tions for eggs will be dis- - surge ks sinned by the rush of beart I NEW YORK June 11 (R)— of the year' cussed at the 27th annual ish forces to cover The bank commented: "A course short Steel us Monday that Corp reported poultry acFavorable developments in the US Steel products division steep decline in inventory Nv 2 and Tuesday at Brighton accumulation has ' April during cording to Dr cad Frisch nioney conditions and im- reduced prices on some impor- lieen the chief culprit on the knecht director of the co- provements in major segments tant types of shipping drums of the economy such as the 25 ta 50 cents each late last negative side" operative extension service automobile and steel indus- month Other major steel comIT ADDED however that r MORGAN DYBENG tries gave the market the zip panies have met the decrease "there is enough strength in HatchManti apex vittwis it has needed for a long time Industry sources say they were capital spending plans in conery Manti will discuss the The upward movement in due primarily to competitibn sumer buying and over-al- l govorganizing possibilities ernment - purchases to catty the - stock - market — gained from smaller firms- - - T The session is sponsored by the the economy through 1'aw--Utah hatchers and breeders BUY WHERE YOU GET phase of inventory adjustment and the USU Extension ServCAT No 933 without serious trouble" Bigger selection x'''''' ( Ca 1 4building ri ' - 4 o-- fr t 4 ' 't t4 '' "'"'''' t 44 'S' '''°' ' t te o ''' - ' 4'-- ' I ' i i 41 4 st- - t F ) 1 t ' 4' s' I - 1 Cold i 24' ' t-s 41Ji 4 pto 1 te wl' 4' 00°1 1 oer 14 4 1 14° I ' t - 1 - ' I i 00 es 0 m- t ' 104 il -Ato- 0' — ' "'''''''-'--4--: I witio" JP - " AK to ' ti t ''' l' to0 4 1 ' - f ! Beehive Bank Bldg in downtown Salt Lake City 0 wilrbe completed by- - fall of next year Col D IL Byrd Dallas Tex announced Satur - I ' day Ar THE BUILDING will cost ''''''''''--$2400000 Location is on the northeast corner of 1st South! and State It will be owned and Il' nanced by the D H Byrd Enterprises and will house on its ifirst floor the main offices of the Beehiye State Bank DEMOLITION of the E B ' Wicks Co Bldg a landmark on the corner for many years is scheduled to start Monday: ‘ 1 a Dallas oil and businessman also announced the appointment of John M 1 "177-'4Whiteley as vice president of Co a the Dallas Trust Byrd i family trust Mr Witeiey a native of Oakley Idaho and currently a resident of Provo will be local '' representative of Byrd Enter ittmith He prises and Dallas Trust will coordinate building ac John M 'Whiteley ' '''''‘ t o'''' 04-- i 1 tteg It - st ''' V 001 ye 4'''''14"1 - - ' i 1 ' I - - I 0-- 4 tt-- - ' t 1 4'1'" 4('' to 114 -- ' i ' ' ' ' i i i t i e i : --t- 1 ' )' le"1"F ont 00t" I i t i i I I I I 1 ' : ' I i r tet' i ' '' i " 94000-- eight-floo- r square-foo- t :IT' t ' The new I - to '"i ' 1 I 44°'''' ' i I t t ''''"' i 0 41 40ev ' !00-e- wror "" --- 1 i 1 - i - ' 1 i 1 ' tILDG ii - '' ' e" "x V A - ' ' P'' f" 00- - 44 ' ' ' - : i two ' 1 ttit- - ' :' l i 1 ow I lb TRAXCAVATOR ORIGKG i tyl PREVAILING CERTIFIED 1 1 i - YIESTERII BUY t 72 I I loullbjt WHIGS r REBUILT EQUIPMENT 0'7 4 CATERPILLAR DIESEL MACHINCO COMPANY OOLITM SALT As BAST MRS? WALT aAVIII I - Caterpillar and Cat are Keg Trademarks of Caterpillar Tractor Co moo SrmliGst 11 AND LOAN Guaranteed dependability and prices and terms you can afford 1 $8895 RATES Phone DA A-- g Dyno-Testin- SiN 11A1780 low hour machine In condition throughout A HIGHEST LOAN RATIOS ' 4 - l's 1: I ' 1 ' ' ""1 i 1 1 Si 1 0010414 '' ' '1 ice r Yd dors s- - Demolition to liegin— For Bank Iluildinff - owner-manage- ' HIS APPOINTMENT was announced Saturday by H M 1 ''' Thomas general superintend- ent of the US Steel Plant He ii had been serving as general foreman of mechanical shops t t at Geneva Works A native Utahn Mr Lane Is known throughout the west- ern steel industry for designing and adapting maintenance t equipment for special applica- - I - i Arwir '441"1"1"'1"'WIlli!i ' 1 The commission probably would not buy more than one million pounds of uranium oxide per "unit" or "mine" in any one year in the program This imposes the old proposal of the AEC to guarantee to buy 500 tons of U308 a year from any one mine in the period This rule later was modified by the Nov 24 1958 cut-of- f date on ore discoveries from which concentrates would be bought Mr Jones says that the AEC regards the 500 tons or one million pounds of U308 as the "maximum" In one contract recently signed with New Mexico producers and a mill the AEC lumped four groups into its concept of "one mine" from which 500 tons of U308 would be bought 1962-196- 1 ' illitt stretch-ou- t AEC is well along on effecting agreements with about half of the mills and many of the producers in Utah Colorado New Mexico and at Wyoming's Gas Hills district in terms of the 19621966 purchase program The problem of where the Shirley Basin miners will sell ore remains Utah Construction and Mining Co is shipping its production to its Lucky Mc mill near Riverton Wyo Tidewater Oil Co and Kerr McGee Oil Industries Inc have informed AEC they want to build a mill at Shirley Basin Federal Resources Corp and Hidden Splendor Mining Co both of Salt Lake City have joined with Gas Hills Uranium Co of mill at Shirley Wyoming in a proposal for a Basin i ' t " - Processing Agreements With Mills Producers t T ! ti ' ' t 1 ' : - ! 1 4 ) 1 1 -- '1'1 i ' 4 1 4 ‘' l' i - 1 prosp64 te Page One -' Atio34 Aloodiokol 0 vpa 0 ' i 1 '' i t i1 g : ' 2 t of domestic procurement because nuclear weapons program4 do not re- quire such purchasing and there is a budgetary problem The commission last year notified Canada that it would not exercise new options on Canadian uranium concentrates past "agreements" ending in 1962 and 1963 According to present procurement regulations the AEC will not buy any uranium concentrates in the United States from ores discovered after Nov 24 1958 The United States had an estimated 80 to 90 million tons-o- f uranium ore discovered as of that date While that date was set retroactively by the agency it did not include millions of tons of uranium ore found in 1957 and1958 at Shirley Basin by companies ' And it is safe to say that twice as much ore remains to be processed after 1966 in this area than will be ground between March 31 1962 and Dec 31 1966 the span of the new $8 a pound purchase program The problem of mining the allocated available ore and selling it to Mills in order to recover prospecting and exploration costs has agitated the Shirley Basin uranium people and most everyone else in the domestic business 1 - comorogtommail ' ''''''--- : j It already has - ' - Takes Action on Domestic Procurement 1 - ' — ut 12 1960 - Pages 618 - - concentrates 'I - - Jo- ow Salt lake City Utah — Sunday Morning — June - - - Du$111r$$ falit-gHtibil- l - : Classified - AP-UPI-D- - Allan E Jones general manager 1 '' ' of the AEC's Grand Junction Opera-'e- 1 - tions Office said proposals under -- -A ik- - consideration probably would be con- AA'' g' ! fined "by their very nature" to con: " i struction in the big Shirley Basin 1 uranium field 60 miles west of CasMr Bernick per Wyo But policy in Shirley Basin cannot help impinging on comi mission policy glsewhere in the domestic industry THUS THERE IS A FELLING that already some thinking about domestic uranium procurement after Dee 31 1966 is being built into AEC attitudes regarding new mills at Shirley Basin If so where does-th- at leave other districts and existing mills? As of this date the Atomic propose to buy any more uranium mills after Dec 31 1966 i V ?i 1 - —eentrates-outp- 2alt Mines-Mark- ets Tribune Business Editor United States Atomic Energy Commission is prepared to approve construction of still More uranium mills in the domestic industry The Tribune learned Saturday But a commission spokesman : Allic" said any such construction would be without special benefits accorded 1 earlier mill programs when AEC was I kl seeking stimulation of uranium con- ' - ) —ByRobertW—Bert-iick------11 - Farming' S:talW I - CITY WAN Ihnnommml I I tAkt ENGINES TRACTORS MOTOR GRADERS WS? Mit iOUDI $41 WM EARTHMOVING EQUIPMENT lbwmmlamommU-owli- I f yc 4100108 weak 164441Pwfolkeeiteaabor00twfWakonoWhibOMOWIWNIMPISAARIWIL00410t011 AMPAILArAltottof 4411Aek-AMCAI- Ate r ve 00r iv 1 I - 1