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Show .The Western Mineral Survey, Soft Lake Cify Utah, Mining Stocks Rise In Week Of Mild Trading In S.L. " February 26, 1943 uenes DripDrip, Drip, Drip! Oil Minlnggtocks showed a slightly bullish tendency in a week of medium 'activity on the Salt Lake Stock Exchange, with several Issues standing firm or' gaining through steady trading. Tintic Standard appeared - - sev- - in-the eral times ' on the. active list killer Hill, 3000 at 1. through the week and closed ' New Qcy., 3000 at 3000 at V. Thursday at $1.47tt, .seven and New Park. 500 at 55: 300- at .55; 400 cents higher than the at 55. Tintic Cent, 3000 at price last Wednesday. at 1.41: 400 at 1.47; Tintic Std, New Park was another issue 300 at 1.47:. I0 at 1.47. which' was in the day after day Walker, 300 at 30: 100 at SO. trading and benefited front, the activity, closing Thursday at 55. WEDNESDAY, FEB. 21. up four points over the previous Unlived . one-ha- . COO ,Stseke4 week. THURSDAY, FEB. Alts. TubmI An. Xft. 1C. ............. .......... Co. Wc Hill Binrham - Metals Black Metals Boaansa Miaiur Bristol Silver Cedar Tails Mine Standard MMMM Chief Con ... IIMIIMM Clarion Silver MMIIIMMI Colorado- - Con MMMMlt Colb. Bexall a.-.... Combined Metals IIMIIII Comet Coall. , o 0 CommoMrealth Lead Crescent Earle Ceatral Crown Enieha Bullion Eureka Lilr Con Unlisted Stocks Amalr. Sur. Pfd Con. War.. A Mch. .. Nat. Tun. and .Mines Ut. Fire Clay Ut. P. A L. $0. Pfd. Ut. P L 7. Pfd. (Him Eureka Standard Millie 3. IMM 3: Std.. Eat Midler 3000 at Hill. lOOfr at New Park, 50 at 51: at 111 at 1; 373 at at 3V. 3000 1. 400 New Park ososs MIMOIMM 1.45: at 1M oioOOOo o o o 0 . Argentine ......... Con. War. A Mch Z. C. M. C3.M 03.00 44.00 43.75 53.00 50.00 51.00 43.00 47.50 53.00 Ut. Fire Clay UL P A L tl Pfd. Ut. P A L $7 Pld L at-54- 54. Wyo Coi Victor Con. Walker Mini Ut- - North Lily 100 nt 53. Ohio Cop.. 1000 at SV: 3000 at 5V': 1000 at 5. t ............ ..a........... .... Sums III. Id. Sur. Com. Ut. M. Sue. Pld. Unlisted Stocks Amalr. Sur. Pfd .10J7 10.03 7.51 7.75 4.35 3.15 Con. War. A Mrh Notional Tun. A Min. .. 1.15 65.00 Ut. Fire Clay 43.00 Ut. P. ft L . Pfd Ut. P. A L. $7. Pfd. ...41.50 3S5 3.50 44.50 51.00 52.00 at 5: 1005 Vanadium- - L M. 50.00 Continued From Page 1 rock, began a series of experiments in the endeavor to save . by-produ-ct -- Fox Theater Bldg., Detroit, Mich. Advt.) CRISMON fir NICHOLS Assurers and Chanda Is oro shlppom 323 SOUTH P. Salt Lak a aqnuta. WEST TEMPLE Sox 1701 Utah City UTAH ORE . vey geologist with many years of outstanding work, behind him, took over the phosphate studies. Like his predecessors, he was searching for phosphate fertilizer for peaceful farmers, but the trail led to a deposit that holds high promise of solving a. difficult problem now that war has come to the United States 'Throughout the next thre? SAMPLING COMPANY INDEPENDENT PUBLIC SAMPLING Unlisted Mining Stocks Winkle Rip Yon Cone Sunshine Silver Dollar A .......... Silver Dollar's Normal quotation furn liked by Richard. C. Badger, 135 North Main Street, Salt Lake City. Asked Bid Slock A7 Binrham; Development . ... A3 .15 AC. Oil Equity Jfin A Diamond Oil' Mevcur Dome New Binchm Mary Park City Utah Industrial Stocks - J over-quot- the Formation, carefully recordedrock the in of each sample place sequence and had them analyzed. One day the chemist reported on his analysis of some of the rocks that are associated with' the phosfound that phate layers.: It wasand unimportsome inconspicuous shales .dark ant-appearing s contained much and the more vanadium than did was This phosphate rock itself. new and prospectively important. In the winter of 1939 and 1940, the geological search was shifted from fertilizer to the steel alloy metal. AU the trenches that had the been laboriously dug in mountain slopes in earlier years were carefully plotted, foot by foot, and the available analyses were plotted against them. An old fertilizer prospectors the diggings along a gulch atabanfoot of Sublette Ridge, doned: a 'quarter of a century Ego, gave a rare opportunity to the searchers for cross section sampling. This lpng. chance for such Bampling"In the radius --of a day's horseback ride fortunate which ly. yielded a high assay led the searchers on. Some of the analyses, unlike those of the phosphate beds themselves, -avanadium content rich the mine. to Moreover, enough better analyses seemed to come from one particular bed in vthe pies that had been collected by the survey, the National Museum, the Bureau of' Plant Industry, universities, state geologists and exhumed by other agencies were and archives from the Many were sent to Harvard University, where a modern spectroscope had been installed. This instrument can be .used to determine very rapidly and- with a close accuracy the quantity of vanadium in any sample. In the spring of 1942, Mr. Ru-be-y again entered the field with the new data in hand to test the concept that had been slowly forming in his mind,,' namely, that a single obscure bed of workable thickness carried vanadium in commercial quantities and that the bed had wide extent He established a field laboratory for rapid analyses on the ground. More trenches were dug, - more samples taken and analyzed. The Bureau of Mines assigned engineers to the project. The bed proved to be vanadium-bearinnearly everywhere, and Its position and attitude were mapped. When all of these facts were established and the mapping had been completed, the data were turned, over to the Bureau of Mine'S, the War Production - - g -- . r Board and the Metals Reserve Co. Reports, checks and doublechecks followed, and the results were fed into the nation's newly-create- d , wap machine to answer' the mounting, demands for vana- dium. In order to forestall spec--, ulative claim-takin- g that .would program jeopardize a large-scal- e of rigorous testing, and proper public control of the resource, Secretary Ickes withdrew the more promising public lands from mineral entry. The project was reviewed by the War' Production Board, which certified it to the Metals Reserve Co., and a development contract was written with the Homestake Mining Co. With the assistance of the Bureau of Mines and the .Metals Reserve Co., development tunnels are being driven from the canon walls into the heart of the Sublette. Ridge, and vanadium is expected shortly to flow. from the strike through the nations industrial system to the. battle line of democracy. . : . . far-flun- g . ASSAY UNION OFFICE, INC. Assoyers and Chemists Box 1528 . W represent shippers at . Smeltsi Established 1887 indicated- - 1 -- V-- r MURRAY, UTAH OFFICE AND MILLS 7 H. E. HAVENOR & CO. Salt Lake City, Utah 500 Newhouse Building MEMBEX SALT LAKE STOCK EXCHANGE FURNISHED ON UTAH COMPANIES ORDERS EXECUTED ON AU EXCHANGES UtrOSMATIOH Telephone - - - -- After Pearl Harbor, the Work was pushed specifically toward the goal of vanadium instead of fertilizer. The aid of laboratories other than the surveys ow was enlisted. Hundreds of the am- PROMPT SERVICE MODERN MILLS years,- Mr.- Rubey collected many more- samples of the Phosphoria : sequence. ACCURATE RESULTS t At mud-stone- in the vanadium as a 1941 their phosphate mining. By Sain Bullion. 1000 at . were able to develop meththey 1000 . at Col. BexaH. ods by .which this saving was Mt. City Cop, 75 at 3.00. accomplished, but they had no inkling that other obscure beds CAPITAL SEEKERS Inter not far away contained a much ested hi raising $25,000 or more higherTVercentage of the import for a legitimate project should tant steel alloy. write to AMSTER LEONARD, In, 1937, W. W. Rubey, a sur? C. 22 . Sales Bristol SIL. 1000 at S: 1000 at S. Chief Con 500 at 30. Dragon Con, 1000 at 3. Eu. Lilly Con, 500 at 30: 1000 at SO. ; 100 at 54: 400 at New Park 500 Union Chief .... - 5. 5; MMMIM Silver Xing Coal. Silver Kimr- West 000 Silver Shield Silver Standard aosesososs Sioux Mines . o So. Iron Blossom So. Standard ... Swansea Can.. IIIKMMM - IN International Nickel KN Xemeoott.opper UYV U 0i Smelt Ref USS Ut. HetaU and Tunnel VTM National Tunnel . IjT Rational Xoad. J0 8t Joseph Load Bid $ &50 3.30 $ Common Amalgamated Sugar 7.65 Amalgamated Sugar ft'Preferred 4.00 Machine MIMIMMIIIM Consolidated .Wagon at 3.45. 27.00 26,00 Class A Walker 100 at SO; 300 at 35; 1,000 at First Security Corp. mmiummmmmi 8.10 20o e a Utah Oil Refining 5050 49.00 Preferred i(ll(MM1 49.00 Utah Power & Light $7 51.00 SATURDAY, FEB. 29 Z. C. M. I. 25, 1943, Feb. and Burton Cbmpany. EdwaM K Unlisted Stocks FmUhed 160 South . Main Street, Salt Lake City, Utah. 1.70 7.50 Amalr. Sur. Pfd OilllMMM IMMIMM Plumbic Mines 0O Plutus miiMMMtlil 7. -- - 1.40. 5. Norik Lilr Park Btnfham Park City Con. Park Konold Park Nelson Park Utah ... Bristol Horhe Bristol i. These (notations furnished by; J. Cowan y, 132 8outb Xain Street Salt Lake City, ; Utah: Hoffle Unliafsd Stocks Amalr. Sur. Pfd, Con. War. A Mch. Ut. Fire Clay UN 41.00 Ut. P. A L. M Pfd. 47.00 Ut. P. A U $7 PM S. C. M. L 45 AS Sales Bristol Silver. 1.000 at Clayton . Silver. 1,000 at 30. East Std, 1,000 at 1; 5,000 at Kentucky Utah, 1,000 at 7. Keystone, 1.35 at 15, Leonora, 1.000 at V. New Pack, 100 at S3; 300 at 53; IN at 13: 000 at 53; 300 at 53; OOO at 53. North Uly, 300 at 51. Ohio Cop, 1500 at 500 at. Kico Arr, 37 at 45. Silver Kinr Coalition, 300 at 3.45; 50 Moecew aaMiMIMM Ml. City Cooper OO.OIM Mountain .View Yankee Con. Eastern Stocks Tuesday, FRIDAY, FEB. 19 Missouri Monarch Toledo-Wilber- IWWjtanrtel 5. Mammoth . Miller Hill MMIIIMIIIM West over-quot- .Anaconda Copper at 54; 504 at AC Co AR American 8 54; 2M at ft: 300 at 54. SIC Home b take. Smee Ohio Cop., 501 at Tintic Std, 150 at 1.45; 300 at L4I: Leonora ... Little Mar Rio C. M. L ........... Salt Lake Stock Exchange Feb. S3, 1543. Sales Colorado 3000 at 1; 3000 Gold Chain .... IMIMIIMI Great Western IIIMMM Morn Silver MMMIMiri Howell ' lllllMIIMI Indian Queen MIIMIIIMI Kennebec IIMIIMM Keotncky-Uta- h IMIIMIIM Ker alone . IIIMIIM - - Recent Stock Quotations TUESDAY, FEB. 23 Draros E. Crown Point SOS ooioa East Standard IIMMIl E. Tin Coat East Utah , eeeiiMMi r di-rect-or 1.45. S .. Point at 100 3-38- 57 r - . ....... O the-'Wa- ' Amalr. Sur. Pfd. ....Yrc-Tf- t. 3.55s Con. War. A Mch. National Tun. A Min. .... 3.70 . Ut. Fire Clay ...-50.00 43.00 Ut. P A L H. Pfd Ut. PAL 17. PM 40.00 2 C, M. L ..,. .50.00 Sales . Bristol Silver 1.000 at 5. Eu. L. Con. 500 at 15; 500 At If. Leonora 3.000 at V. New Park 400 at 55: 100 at 55, Princo Con. 300 at . 35. Sil. X. Coal". 100 at 3.75: 100 at 3.90. Tar Baby 3.000 at . Tin. Lend 500 at 11: 500 nt 11. Tintic Std. 300 at 1.40; 100 at 1.41: 25 - .. lf DENVER Inquiries from zinc and lead, mining . companies Rocky .Mountain region about the recently announced' additional premium payments for' over-quot- a production should be dl. Production rected to Board in Washington, V. , L. Board,, deputy , regional .WPB said today,- Such inquiries- should go to Landon F. Stobel, executve . secretary, Quota Committee, Premium Price Plan, for Copper, Lead and Zinc, War Production Board, Room; 2057, Temporary R Bldg Washington. The Metals. Reserve Company, recently .announced, a'; broadening of its premium payment program a for. production to Afan ford , additional premium for lead and additional, premium or premiums for zinc In cases where additional premiums are consid-- f ered essential to maximum, mine . production. Each such case, Mr. Board explained, is considered independently by the WPB Office of Price Administration quota committee and payment of an additional premium or premiums . Is recom34 mended to the Metals Reserve a. A 22 ....3032 Company,,- If deemed .necessary RJ in the particular case. ' 33 , These . premiumpayments: are made on production in excess of monthly production quotas established by the quota committee, with . the . highest premium payable on over-quot- a production of lead reflecting the difference between the .ceiling price and 12 cents per pound, .New York basis. The highest premium payable a on production of zinc reflects .the difference between ceiling price and the 12 cents per pound. East SL Louis basis, or 16 cents pgr pound, depending upon the quotas assigned the . . Asked particular zinc mine. Black & Deason Assay ers and Chemists Telephone 165 So. W. Temple , di Laii CNf Sdt&mgsn Eflecflirk Co. NEW AND USED MOTORS AND TRANSFORMERS FOR MINES, MILLS, FACTORIES DIAL 274 SOUTH FIRST WEST Distribute National Coil v' formally 141 Flarpont At. 17 . |