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Show fa A A fe o; Vol. No. 36 1 ?, 'V -., : November 3, 1969 25c per copy MM nm dm $mm fs ' . ; - v: :,'VySn ' '' ' , Jm ' ', V x f .." ' '. ' ' ;.'' ' j. . s V 3 : : '.r'. . t representatives and lobbyists for silver users are busy but so are the Dominick forces. Metals Week anticipates a compromise, silver perhaps, for 1 coins instead of Still other observers feel there dollar coin honoring the late General and President, Dwight D. Eisenhower. The question to be resolved concerns the silver content. The House favors the silverless coin while the Senate passed by vote of 4 favoring minting part-silve- r coins. Metals Week reports that the feeling in the Senate is that if another vote were taken today, the bill with Lhe Dominick amendment favoring silver in the coin would sail through; however the administration, Banking and .Currency Commillee members of both houses, and the bill managers have indicated the bill wont come up for another vote until they have the votes lined up to pass a silverless bill. I ' ;!:'rVo''V.0'V.' -- ; : r TREASURY Department a - 'iy ' bmo.il WASHINGTON Both the House and the Senate have agreed upon the idea of minting , 5' r -.. ike fi J ,.v' dh ' s.- - rs Si .'L ' - Hr T. 0-2- Ill 50-milli- 300-millio- won't be 'v.; 's t y ? !'. i 't " sVvr c.V , . . 3S go D-Ut- will do nothing until there is no silver left to put in the coin. Latest estimates are that by mid-197- 1 there will be no silver in left the Treasury stockpile. ONE OF THE better eastern advisory services says that silver is reasonable to expect over the long run, regardless of whether the proposed Eisenhower dollar (Continued Page 2) 0fl5 ftCoDPlO u(as sCofGgj members of the Senate Interior Frank WASHINGTON-Se- n. E. Moss, conference -- 1 . , a n. committee meeting until the no silver forces are sure of winning. Still another suggestion is that the silverless people 300-millio- n s - Committee reports that his have become concerned over reports that our nation is facing a critical shortage of natural subcommittee on minerals, increasingly materials and fuels will hold two days of capitol hearing this month on the reported growing shortage of natural gas. Natural gas is a fuel vital to the American economy and to g of the comfort and Moss. our people, said Sen. Therefore adequate supplies of natural gas are a matter of primary importance. In recent weeks 1 and other . well-bein- DRILL RIG OF UTAH MINERALS stands on Nevada claims of Temple Mountain Uranium. Five exploratory drill holes have yielded micron gold values, according to a report by Utah Minerals. Samples are currently being evaluated. Bd0s ?7D )B(I 70g9$ Utah Minerals Company, Salt Lake City, has announced that it has completed five drill holes on Temple Mountain Uranium Companys Golden Boy mining claims Values were found in all holes drilled, Utah Minerals announced, but the evaluation of dollars per ton has not as yet been completed. The claims are located in Section 18 of the Lynn Creek area of Nevada. The holes were (3 D GO drilled to depths ranging from 290 to 400 feet with samples taken every five feet, the company said. The Golden Boy claims belong to Temple Mountain Uranium which contracted with Utah Minerals to drill the holes for the purpose of checking out findings of micron gold. Utah Minerals announced it has also acquired an additional 320 acres to the north of the drilling operation. The property gas. Moss said the hearings will be held Nov. 12 and 13, and that invitations to testify have been extended to Secretary of the Interior Walter J. Hickel, the chairman of the Federal Power Commission, and other officials concerned with production and distribution of natural gas. (PCddDDdPS GUFGHnl m Phillips Petroleum Co. has awarded a $1,500 grant to the University of Utah from the representatives Robert N. Sears vice president. New York City and Veigh J. Neilson, manager, Development Fund. This is the fourth annual award made to the U. of U. from the fund, which was established by Phillips in 1966. The grant was presented to U. of U. President James C. Research and Development companys Professional Administrative Division foBD OH : 0u3 S belonged to the Southern Pacific Railroad. Other activities reported by the company was geological work and acquisition of a Utah lease on an oil asphalt area at Rozel Point near Tremonton, Utah. The company has also moved a bulldozer with reapers onto its original discovery in the Erickson Mining District, Tooele Utah, where County, work is exploration continuing. Fletcher by Phillips 50 Department, Bartlesville, Okla The College of Engineering College of Mines and Mineral Industries and Department ol Chemistry will use the gram academic during the 1969-7- 0 year. Books Gov. Calvin L. Romney of Utah has asked his attorney general for an opinion on whether the state must spend $25,000 to plug up old oil wells. The old wells are located southwest of Moab, Utah and are said to be polluting the Colorado River. The firms which drilled and capped the old wells many years ago have long since ceased to exist, and, through exchanges with the federal government, all the land on which they are located is now state land. |