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Show VOL 1 November 10, 1969 NO. 37 25c per copy 5D77 pFDG5 IN circulation on RUMORS the East Coast that the Treasury has turned an about-facand would authorize minting of n silver dollars are credited in the rise in the price of silver to $1.97 best price in nine months. The Treasury continues to deny the rumors. Demand for silver continues to be high; GSA sold 1,530,000 ounces of Treasury silver at its auction last' week but received bids for 31,400.000 ounces. e 100-millio- THE CHICAGO Board of Trade began futures trading in r, The Bureau preliminary injunction is scheduled Nov. 14 at 10 a.m. before Judge Ritter. In a separate proceeding last Wednesday, the company filed a petition under Chapter 'The complain names Paul Barraco, president, his wife, Joan, and Jerry Strand, former Strand (Mr. secretary. announced he had resigned his post 30 days ago.) 8D of Program Management & Land Office, Salt Lake announced 1,920.4 acres in bidding Grand and Uintah counties, City, has on Utah. The BLM office is requesting sealed bids on oil and gas leasing. Bids must be submitted to the Chief, Division of Lands & AD8in)s Management, P.O. Box 11505, Salt Lake City, Utah 84111, on or before 2 p.m., MST, November 24, 1969. The acreage consists of 10 parcels of land within the Long Canyon, Southam Canyon, Bitter Creek, Coyote Basin and Coyote Wash fields of the two counties. Sim DuUDinies WASHINGTON-- A bill no alien shall be ineligible to aliens to enter the receive a visa or excluded from permitting United States to work in the admission to the United States mines has been introduced in the under Section 212(a) (14) of the Senate by Senator Frank Moss Immigration and Nationality Act of Utah. The bill, S. 3066, has if such alien is to be employed as been referred to the Judiciary an underground miner hard-roc- Committee. The bill provides that during the two years after its enactment DRILL RIG, top, and giant drilling bit, bottom, were featured in the raw materials section of the Atomic Energy Commissions annual report recently published. The equipment effort sponsored by the represents the stepped-u- p AEC to develop new reserves needed to meet the fuel in the requirements of the nuclear power industry 1970s and 1980s. URANIUM upon entry States. Moss million silver medals to commemorate Expo 70 and possibly will mint an additional 100,000. Each of the medals weighs about 0.6 troy ounce and sells for $4.16 in Japan. Japan reported about 5.5 million ounces of silver in the first eight months of this year. Of this, the United States supplied 1.5 million ounces and the United Kingdom about 1,000 ounces. into said k the Uniled that Net capital requirements refer to a formula under which firms are to retain a specific net of capital assets over liabilities. Bookkeeping rules relate to required records and bookkeeping procedures. In a separate proceeding last Wednesday, the company filed a petition under Chapter 1 1 of the Federal Bankruptcy Act. Louis Please Turn to Page Two Dis8 Land Minerals Program Management & Lands of Land Office, Bureau of Land Management, Division and Minerals 8 (kxamforaoDflGy OOecs tBILCJl on il Soil Commission has announced it is seeking a preliminary injunction against Barraco & Co., Salt Lake for alleged City broker-dealeviolations of the commissions net capital and bookkeeping rules. A temporary restraining order was issued last Wednesday by Federal Judge Willis W. Ritter. A hearing on the SEC request for a contracts r000-ounc- e November 3. Silver is the first rommodilv ever traded at the exchange. DEMAND FOR silver by One individuals continues Seattle mining booster reports a silver strong market for bars he is selling, bearing the names of leading Coeur d'Alene District silver producers. Metals Week magazine reports that Japan has minted 1.1 BG)GaG Hie Securities and Exchange CD DO mining Biiders submit with each bid one-fift- h of the amount bid in cash or by cashiers check, certified check, or money order payable to the order of the BLM, and file a showing of citizenship. must Additional information and bid forms may be obtained from J.E. Keogh, chief of the Salt Lake City office. cgedl in Utah and elsewhere need miners; attempts have bee made to recruit bard rock miners available at Calumet. Mich., but without success. The mining companies. Moss said, now feel they nu;t turn to manpower from Mexico, the Scandinavian countries and elsewhere. companies ORE D pPD(3 Din) sDInn)p LONDON The price of There was a general gold took a sharp dive on the agreement that speculators were worlds bullion markets last unloading their holdings. week, and experienced dealers The flurry of selling orders from continental Europe hit the forecast the slide may continue. London market on Thursday. Whatever the source of the gold, there was so much of it on the market that the price was forced down to $39.05 per ounce. . |