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Show Page 2 OIL & MINING JOURNAL Banner 1 split Published weekly in Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City Utah 84119. the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the 25 Cents a copy - Subscriptions $10 per year Advertising rates: Display Advertising Classified Advertising ..... Phone: Editor & Publisher. Assistant to Publisher Director of Advertising. 298-240- $2 col. inch .$2 for 20 words 3 or 298-370- 3 Chuck Hayward Enid J. Hayward Hal Funk The following editorial appeared August 15 in the Deseret News, and although we take issue with one basic premise-th- at mining would hurt the recreation and aesthetic values of an entire area-- we feel there are some comments of value in the editorial: metallurgical fellowship Colorado the at engineering School of Mines, Golden, Colo., for the 1969-7- 0 academic year. Marcantonio will receive a stipend of $277.77, per month . Survey federal Nev.-- A RENO, bankruptcy refereehas told both sides in the case of Charles A. who filed under bankruptcy laws 18 months ago, Steen, they had better start cooperating. From here on out its going to be communication and liaison . studies on lead-palladiu- m ' ' systems. -- . or some heads are going to roll, said UJS. referee Russell Taylor. Taylor made the statement last week during hearings designed to decide whether a d trustee should be placed in full control of Steens mining; oil and land assets. court-appointe- . '' 723 Phillips Building Salt Lake City, Utah 84101 on Telephone (801) 521-645- 1 Efficient, Accurate, Fast LIMITED TO UTAH RESIDENTS ONLY! offering is issued under the authority of a certificate of registration issued by the Utah State Secur- This ities Commission. fall. NEW ISSUE Stock is now being offered for sale Dragon declares dividend 6,000,000 shares The board of directors of Dragon Consolidated Mining Co. has declared a dividend of two and one-ha- lf cents per share, payable in cash, upon the outstanding stock of the corporation. The dividend will be paid on Sept. 12 to stockholders of record at the dose of business on Aug. 29. . Price 10c per share Copies of offering circular may be obtained by calling or writing the underwriter. Call or Write BARRAC0 AND COMPANY . UNDERWRITER 123 Eest 3rd South Silt Lake City, Utah ' Phone No. 521-332- 1 0 ' ; - This announcement is neither an offer to sell nor a solicitation of an offer ta buy any of these securities. The offering is made only by the Offering Grcular. NEW ISSUE FOR UTAH RESIDENTS ONLY 5,000,000 SHARES COM . TEL (NC. A Utah Corporation COMMON STOCK Com Tel, Inc., is devoted primarily to the development, manufacture and sale of computer components and other electronic equipment, and exclusive manufacturing and distributing of new products in the electronic field. PRICE PER SHARE 10 Cents Copies of the Offering Circular may be obtained from the Underwriter Call - . AMERICAN SECURITIES TRANSFER topographical mapping of Utah and Wyoming. He was graduated from the University of Utah with a degree in mining engineering and joined Banner in 1936 as an engineer. Banners principal properties are in the Pima Mining district south of Tucson, Ariz. The companys Twin Buttees mine is now under development by the Anaconda Co. and will go into operation for the first time this of mostly national forest land in central Idaho north of Sun Valley and east of Boise would have been . Marcantonio received his BJS. degree from the . University , of Utah in 1968. He is doing graduate work on galvanic cell 'Cooperate, Steen told underground miner, Geological grant. Corp. in engineers helper and as an instrument man with the UJS. When it comes to the effort to create a Sawtooth National Recreation Area some Idaho conservationists are their own worst enemies. As the proposal was originally drawn, 351,000 acres designated as a National Recreation Area. This would, as Chief Edward P. Cliff of the U.S. Forest Service has testified, give national recognition to an area with outstanding recreation potential and scenic, historic and natural qualities. It would also protect portions of the upper reaches of the Salmon River, which is one of the major remaining spawning areas of salmon and steelhead. So far, so good. But then American Smelting and Refining Co. discovered a possible molybdenum deposit in the White Cloud Peaks area to the east. After that happened, conservationists decided that 157,000 acres of the White Cloud Peaks area ought to be incorporated into the proposed National Recreation Area Like the Sawtooths, the White Clouds are striking and highly scenic examples of Idahos high country. This area offers fine opportunities for hiking, horseback riding, pack trips, fishing, big game hunting, mountain climbing, and sightseeing. Mining would hurt the recreation and esthetic values of the area. On the other hand, development of a new mining industry in this section of Idaho would help the local economy and provide jobs in an area that is described as economically depressed. When the Senate acted on the Sawtooth National Recreation Area, it approved an amendment including the White Cloud Peaks section in the recreation area. But even that wasnt good enough for some conservationists, who are unhappy because the recreation area would permit mining and grazing. Even though such mining and grazing would be done under supervision of the Forest Service, some conservationists insist on even more rigid bans on commercial activities. As a result, not just the White Cloud Peaks area but the entire Sawtooth National Recreation Area is in danger of dying in the House of Representatives, where the bill is stymied in the Interior Committee. Thats where the bill seems likely to stay unless Idaho conservationists present a united front on the Sawtooth National Recreation Area. Those who want more controls can fight for them after the recreation area is created. Otherwise, if a few stubborn Idahoans insist on getting everything they want in the Sawtooths, they may very well end up with no recreation area at all--in which case all America would be the loser. Kennecott Copper The new president is well known in the mining industry. In 1963 he was presented the Daniel C. J adding Award of the American Institute of Mining, Metallurgical and Petroleum Engineers. The award recognized Mr. Bowmans role in Banners discovery and development of the firms copper ore bodies in Arizona. He was born in Ogden in 191 1 and spent his boyhood at a mining camp at Ophir, Tooele, County, Utah. During his undergraduate days at the University of Utah he worked as an for nine months. In addition, tuition in the amount of $ 1 ,000 will be paid from the Kennecott Paul J. Marcantonio, son of Mr. and Mrs. Peter J. Marcantonio, Salt Lake City, Utah, has been awarded the Continued from Page- One daughter of Mr. Travis as a director to succeed her father. Mrs. Chamberlain is a Birmingham, Mich., housewife and attorney, best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. August 25, 1969 . KCC fellowship winner 3-- Serving . or write: FIRST FIDELITY UNDERWRITERS 249 East Fourth South Salt Lake City, Utah 521-680- 0 ' |