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Show VoL One Salt Lake City. Utah. Jane 25. 1954 25; No. 27 7 rffines Mining Meet Explores I n?ea East-We- st Wyo. Uranium Resource Potential Gov. Rogers feels the uranium discovered in Wyoming is the most important resource development in Wyoming since state- hood, said H. O: (Tex) English, independent oil and mining N.,'fc&M w are Tear $3.00 1 Burerrin Stockpiling Flop Turns Spotlight On Tariff To West Write, Urged tL.ocpy ihe at a meeting called recently by Wyomings governor I operator ootx MwyUilOWlly W Y 8U9 JkXa C . J. Locof Rogers. periment (Ration immediately, Over 350 mining and brokerage men attended the meeting secretary of Interior Douglas The chaos caused by the failure of the first phase of the govbrief Athletic anounced Club technical receive to Yorks downtown New in McKay today, ernments lead-zin- c stockpiling program bore out convictions of sought-afte- r metal Uranium worlds most seek the how to on in'g The statibn will Accommodate. lead-zin- c operators this week that stockpiling is not the answer It (uranium) will bring new mont county, said Dr. G. Henry 1. Laboratory find pilot plant to their problems. industries to Wyoming and will of director the Fisk, University equipment and personnel engaged furnish the power for these in- of Operators hold that the need for action to secure PresidenResources Natural Wyomings in research on that part of the tial approval on tariff boosts now is even more dustries, English continued in Research urgent. and another Bureaus synthetic liquid Institute, fuels to the his kick-of- f open speech Wire Ike For Action 1 guest speaker at the meeting. Colored slides of western sites were projected on the walls to illustrate the kind of mountain regions likely to contain uran- program which deals with the experimental production of synthesis gas. T his work is now housed on the West Virginia University campus in space made available by the university, and there in rented quarters in Morgan- The stockpiling program got when Defense ers were summed up by Otto Mobilizer Flemming issued a di- Herres, chairman of the National rective to General Services Ad- Lead and Zinc Committee, who ministration, calling for immed- termed developments a disil-- ' ium. iate purchase of lead and zinc. It lusionment, and by Gracie Pfost, to was limited to the fiscal year Idaho congresswoman who, in a According English, t town. is a possibility that such an ending June 30, but said a new House speech on June 15, called once 2. Laboratory equipment and order would cover next years the stockpiling program a dud. meeting might be held Dr. F. W. Christiansen, assoODM Meanwhile, Director to give persons interested personnel engaged in petroleum purchases. ciate professor of geology at the a year statement a Flemming promised facts about the Wests resources. and natural gas research in the University of Utah, told the atOn June 10, producers and cus- soon which would clarify lead I wouldnt be surprised, Appalachian region. This work tom smelters were asked tending prospectors of the varby GSA stockpiling policy. ious uranium lodes found on the English said, if todays meeting I s now centered at a petroleum for metals for of both offerings moved many persons to consider I fteld office in rented quarters at Great Colorado Plateau. Growing pessimism concerning 2 of before on or Aug. delivery the The most important uranium investing in various uranium de- Franklin, Pa. lead-zinpossibility of Escape Clause domestically produced 3. District headquarters discoveries made so far in Wyo-in- velopments. I think, todays meetfor ores. The understanding was that relief was illustrated by a stateare those around the Wind ing caused a tremendous amount mining studies and health and both ores would be purchased for ment in E&MJ Markets for June river basin of southeastern Fre of enthusiasm. safety work now carried on from stockpiling at the existing market 10, which said flatly, Odds are rented office space at Fairmont, that the White House will turn price. W. Va. thumbs down on the recommenTo the dismay of firms mak-n- g dations. The new station occupies a the offerings, producers were Utah-GHIa- t'l tract on the Collins Ferry riuntly told that the lead price, Western congressmen, howRoad just outside the corporate 14)4 cents per lb., N. Y., was ever, are still battling for Ike's which prevail where ore is being I limits of Morgantown. The too. high. The price had been An Offering Circular for tariff boosts. Sen. approval have been used to eval-- 1 oratories, office buildings, and established before the request Arthur V. ofWatkins Uranium Mining CorporI (Utah) wrote other facilities composing the for offerings was issued. ation. came off the press recently, uate claims, the report reads. a strong letter to Eisenhower At least two big channels cross Morgantown station were autfo listing 1,199,600 'shares of ComThe price Immediately dropped this week urging prompt and mon stock open to public sale at the Lone Star claims, Cirdle Cliff I ortzed by an act of Congress favorable action on the tariff I district, Garfield County, proved September 22, 1950, and to 14 cents, but offerings at this question. 25 cents per share. al was incorpora- Utah. One of these is mineralized, I the construction contract was figure were also refused. Feelings of domestic produc- Sen. Dworshak of Idaho anted under the laws of the State because ore has been produced I awarded in June 1952. Completed Hoton said the eastern on its and on nounced buildings, he plans to take a group of Utah outcrop Secretary McKay, May 25, 1954, 1 contain No. of claim. has influential senators to discuss is qualified to do business in shot enough space to accom Drilling the matter with Eisenhower Colorado and Utah. The com- proved mineralized extension of modate the activities to foe transsoon. panys offices are located at 345 the channel toward the Lone Star ferred there at this time. South State, Salt Lake City. group. There is excellent possiCongressmen urged western The Corporation holds 71 min- bility that mineralization in this to write or wire the citizens ing claims by assignment from channel exists on the Lone Star President UNLISTED voicing their approval Three States Uranium Corpora- claims, the report noted. of tariff boosts before a decision The report also stated that tion of Grand Junction, Colo. is made. The claims total approximately studies of fault patterns, struc1420 acres located in the Klon- tures and trend patterns were Stocks dike Mining District, San Miguel used in the evaluation of the Atomic Energy the uranium claims mineral in Paradox County, Colo.; Mining environto the distinguish District, Montrose County, Colo.; belt, Applications For and Gypsum Valley Mining Dis- mental characteristics of ore deNickel trict, Montrose County, Colo. Al- posits. In all cases, the geologiso Circle Cliff District, Garfield cal interpretation forces a classiSince the beginning of the defication of the properties as being County, Utah. velopment of atomic energy, the According to the Companys favorable for uranium ore ocelement nickel has played an imgeological and engineering re- currence. portant part, particularly in the al Underwriters for port, the claims included are concentration and processing of & are Carroll, Kirchner Jaquith very favorably located. Factors atomic fuels. A large amount of considered favorable to ore oc- Inc., Denver, Colo., and Cromer nickel is used in a variety, of currence have been applied in Brokerage, 39 Exchange Place, V. WATKINS forms, nickle-plate- d ARTHUR SEN. including each case and the conditions Salt Lake City. (R.t Utah) . . . Urges immediate coatngs high nickel alloys such tariff action in 'strong1 letter as Monel and Inconel, and to Ike. stainless steels. forum discussion which topped the meeting. English acted as personal representative to Gov. Rogers, who called the meeting to give investment brokers the latest informa-ioon uranium mining deveolp-ment- n s. under way June 7, East-Wes- c g Issues Circular 45-ac- re Utah-Natio- nal lab-min- ed - ap-Mini- ' ni,.. - ng Utah-Nation- URANIUM Utah-Nation- nickle-containi- ng Recent Uranium Quotations Arrow Uranium 03 .04 Aladdin Uranium .12 .14 .16 Apache Uranium Atomic . . ....... ......... .06 .06 Congo .18 Federal Uranium .35 05 King Midas The Mayflower Co. .09 04 Mohawk Ur. Inc Olympic Ur., Inc. .03 03V4 .04 Vx .03 Vi .18 .20 Sun Uranium 10 .12 We Have: Ur. Corp. of Amer. .06 Ur.f Oil & Trd. .... ;12 .07 .14 COMPLETE STOCK INFORMATION Walters Uranium 04 Vi .4Y P. G. Christopulos And Co. - 89 P. 0. Box 1782, S. L. Cromer Brokerage Co. LATEST QUOTATIONS ON REQUEST COMPLETE BROKERAGE SERVICE Member Salt Lake Stock Exchange Salt Lake Stock Exchange Bldg. Suite No. Exchange Place Salt Lake City, Utah 439 Exchange Building, Salt Lake City Specializing' in Uranium and Oil Securites Member Salt Lake Stock Exchange 51 LOOKING FOR STOCKS? .03J4 Red Man Ur Silver Buckle The above quotations are as of June 25 1954, and .subject to market changes. Phones t . Report on Apache Uranium will Utah be mailed upon request Phene Teletype SU 180 17 MEMBERS SAIT 1KKE STOCK EXCHANGE . |