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Show FEBRUARY 9( 1970 OIL & MINING JOURNAL Pitt 3 Hike in usage sparks zinc industry growth national California, Illinois, Nevada, New domestic zinc industry again experienced a good year as Jersey, New York, Utah, Virginia and Wisconsin offset to a substantial extent the potential WASHINGTON-T- he increased consumption resluted in a decrease in producer stocks although mine and smelter production increased as well as deliveries of foreign metal, according to the U.S. Bureau of Mines. Mine production increased to about 546,000 tons as Arizona, Colorado, Idaho, Montana, New Mexico, Pennsylvania and Tennessee increased output. Missouri is again a major zinc producer with about 33,000 tons of zinc produced in association with the expanding production of the new lead mines. Decreased output in gain in 1969. DOMESTIC SMELTER output of slab zinc averaged 97,910 tons and shipments 102,800 tons for the first half of the year. The second half, however, was a a much lower rate and the projected total for the year is 1,160,000 tons surpassing the 1,108300-to- n record in 1966. Consumption of slab zinc based on the first 10 months of the year is expected to approximate 1.4 million' tons and compares with the record 1,410,200 tons in 1966. The major advanced in consumption were in alloy, zinc to tons; 585,000 projected and in tons; oxide, 44,000 Peru continued at the 1968 zinc-bas- e Canada increased metal, deliveries 30 per- - cent and accounted for almost 45 per cent of the total. Metal from Peru decreased substantially while Mexico held at the 1968 level. alloy, 1 84,000 tons, due to full year operation of the brass mills. Galvanizing use is indicated at relatively the same total, 482,000 tons, as in 1968. Advances in direct use of zinc ores to 135,000 tons and of scrap to 265,000 tons indicated a total consumption of 1.8 million tons. copper-bas- e level, and deliveries from Australia increased. GENERAL SERVICES Administration sales of zinc continued during the year on the of zinc for Imports were off-the-sh- basis. Sales through elf amounted to 7,000 tons for commerical consumption and 8,440 tons to the Agency for international development. About 22,160 tons remain in the existing disposal authorization. Sales to Government agencies amounted mid-Decemb- substantially consumption above the 1968 deliveries. Based on the first 10 months, a final figure of 540,000 tons in ore and 330,000 tons of metal is indicated. Ore imports increased significantly from Mexico while deliveries from Australia and er 1 Denver offices Boyles, Int. opensAcquisition New offices and facilities have been opened in the Denve;, formed division of the long established and well known firm, Boyles Colo., area for Boyles Canadian Industries, Ltd. International, Inc., according to Roy Gomm, vice president and general manager. Boyles International, is a recently Gomm said that the new division reflects a changing emphasis for the firm. of the manufacturing Odgers Drilling, establishment coupled with rapid delivery. To concentrate on manufacture and delivery, the divison has eliminated all drilling operations of its own. equipment facilities of Inc.', and the of the general office in Colorado, will allow the new division to offer a sales to 165 tons and 42,236 tons remain of the 50,000 tons authorized in March, 1965, for Government use. The price of zinc advanced 2 cents per pound during the Vi yea- r- Vi cent in cent on May 1, and 1 cent in early September to a domestic quote of 1514 cents per pound, Prime Western grade. East St. Louise base. The London market price after a slight rise in January and subsequent decline to an average of 12.1 cents in mid-Januar- y, February gradually trended upward to a peak of 14,57 cents per pound (U.S. equivalent) on November mid-Decemb- and then 21 downward to 14 cents by er. Preliminary warehousing facilities at the general sales office have already been established, and will be expanded in the future, he said. complete line of drilling Montana Bank One of Few Still Buying Selling Gold 9 Want a chunk of raw, gold to mount on a piece of jewelry? Or how about backing a loan with a bag of gold dust? obelisk-shape- d from Alaska. It weights 3 pounds, 14 ounces and is woth $8,000. We deal in gold because it's Turner said he hopes that some day his banks collection will include a gold sample from the moon or the distant planets. It would be interesting to add some Mars or moon gold to our collection, he mused. That would certainly attract part of our town's and state's If you are in the market for history, explained Robert S. an executive of the buying, selling, or using gold as Turner, bank. If a man wants to put up security, there is a bank in attention. Helena, Mont., just for you. It is gold for loan collateral, thats the Union Bank and Trust fine with us. If he wants to buy a nugget or sell a nugget, were Company, popularly known as ready to deal with him, and it's the Gold Bank. relations too. Facing the Last Chance good public There's nothing illegal about Gulch, where millions of dollars worth of gold has been taken buying, selling, or hoarding from the earth since 1864, the natural-stat- e gold, Turner is one of the few in the pointed out. bank The law says you can't sell nation which will buy and sell as the refined counter across gold, he continued. gold And refined gold has a fixed expeditiously as it will make price set by the government of change. One of the reasons the bank around $35 a troy ounce. deals in gold is its exceptional Natural- - state gold, however, has collection of gold. Locked in no fixed price. You can sell it for as much as you can get for cases in the burglary-proo- f bank's main lobby are more than it. For example, he said, the 700 chunks of gold insured for $150,000. One of the largest Alaskan nugget itf worth $1 76.3 1 pieces of gold on display came a troy ounce. Robert S. Turner, Bank Executive, Checks Gold Display This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities . The offering is made only by the offering Circular New Issue November 3, 1969 10,000,000 Shares Common Stock MBddgpqD UDai?qjy n NOW OPEN Ogden Sales Office of PARKER-MAWO- D & CO. SPECIALIZING IN LOW MICE SPECULAflVE, MINING 1 INDUSTRIAL STOCKS Office Manager ($0.02 Par Value) Price $0.03 Per Share Copies of the offering circular may be obtained from the undersigned in any state in which the undersigned may lawfully offer these securities. GENE LYNCH RAMADA 24th & INN Adams TELEPHONE SALT LAKE OGDEN 399-925- 4 521-677- 0 Oddg 12 Exchange Place Salt Laka City, Utah Phone 521-672- 0 |