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Show Page 2 Rocky Mtri. OIL & MINING JOURNAL Published weekly In Salt Lake City, Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Salt L ake City, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information con tained herein are true and factual to the 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. 25$ May 26, 1969 OIL & MINING JOURNAL per copy Subscriptions $10 per year Advertising rates: $2 col. inch Display Advertising Classified Advertising.. ....$2 for 20 wds Phone: 298 2403 or 298 3703 Editor it Publisher Circulation Manager Chuck Hayward Enid J Hayward The following editorial appeared in the Salt Lake Tribune on May 22, 1969. We readily concede that both Arches and Capitol Reef National Monuments contain significant scenic attractions well worth preserving. We are willing to accept some upward adjustment in the boundaries of the two monuments. And we generally favor any plan that is calculated to increase recreational facilities in Utah and thereby attract greater tourist trade. Given all these desirable features and goals it still does not follow that the two monuments should be made into full fledged national parks that obunless a better case can be made-fojective than was forthcoming at recent hearings in Utah. Sen. Frank E. Moss has introduced bills to convert the monuments into parks. The senator was influential in creation of Canyonlands National Park in the same general area as the monuments. In many respects the campaign to create two more national parks in Utah is being fought along the same lines and with the same arguments pro and con that were heard some 10 years ago when Canyonlands was first under serious consideration. At that time Utahs congressional delegation favored the new park but with special reservations that would have permitted certain other uses such as mining. But in the end they had to give in. Congress, in effect, said if you insist on multiple use forget about the park. It has been suggested that prospecting, mining and livestock grazing could be provided for in establishment of the two proposed parks. But could it? Congress wouldnt buy multiple use of Canyonlands and there is no reason to believe it would feel any different about Arches and Capitol Reef. There also is some question as to whether either of the proposed areas are sufficiently endowed with natural wonder to merit national park status. Both contain some awe inspiring scenery and formations which must be preserved. But in order to make a case for national park status the area proposed should offer a complete geologic story, as Sen. Moss explains. That means locking up many acres of land of dubious scenic or geologic interest in order to include enough significant features to offer a complete story. We wonder if the story in Arches and Capitol Reef is that important. Admittedly there are no Yellowstones left. Perhaps no area in the country can now meet the standards originally set for national parks. Yet pressure for setting aside parts of the best potential park and recreation land that is left continues to mount and there is ample justif- Securities get extension Anthony R. Pierno, California Commissioner of Corporations, has announced the extension by emergency regulation of the deadline for qualifying securities for trading by securities brokers in California from May 1, 1969 to June 10, over-the-coun- ter 1969. The Commissioner also announced that the securities of foreign Issuers (those organized outside the United States) would be exempted from qualification until August 28, 1969, to permit further study of the problems of qualifying such securities for public trading in the California secondary securities market. The emergency regulations are pursuant to the new California securities law which was enacted by the 1968 lejglslature and went into effect on January 2, 1969. .The new law requires that securities which are to be over-the-coun- the distribution and trading of fraudulent and inequitable secur- ities. If securities are not qualified by the issuer or by the broker-deal- er marketing them, not only are the securities barred from public trading in California, but those securities brokers and security holders who violate the prohibition may be liable to the buyer for the purchase price or for damages. In addition, securities brokers may fall to meet the net capital requirements of the department when a portion of their securities inventory becomes ineligible for trading. ter traded in California be qualified with the Commissioner. The regulation of the California market under the new law is designed to assure that California investors have access to adequate information concerning securities which are traded and to protect against over-the-coun- ter Silver Empire plans new tunnel Silver Empire Mines of Salt L ake City has announced the signing of an agreement with Earl Waite and Sons, mining contractors of Salmon, Idaho, for the driving of a tunnel approximately 2,500 feet at the company's mining property located In Blaine County, Idaho. The contract provides for the In announcing the execution of construction of a portal and exthe at an area of a cavation contract, Gordon L. Weggeland, dump elevation of approximately 8,000 president of Silver Empire Mines, stated that work would commence feiet. to a be used as The tunnel, by June 1, or sooner as weather to be main haulage tunnel, is permits. The company expects the tunsix feet by eight feet with the costs to be In the neighbornel installation of compressed air and hood of $160,000," Mr. Weggeland water lines, timbering as necessary, ventilation and rail track. stated. r ication for it. its not a question of whether to preserve such areas as Arches and Capitol Reef but how best to preserve them. We think going all the way to national park status is too much. If the lands in question are suitable for development as national recreation areas then that may be the better course. If not they should simply stay as they are, national monuments, which after all is little park status. In the end Firm to expand silver mine Plans to invest up to $3 million to develop a silver mine some 10 miles west of Omak, Wash., were announced recently by Columbla-Casca- de silver ore bodies on the property have an estimated value of could $25 million, although only shallow tunnels have been dug In the of other mines In the same area." mines are presently producing silver near the area, but two former mines, the Arlington Minerals Corp. of Nor- area. and Ruby mines, are In the Omak man, Okla., a waste processing The ore deposits contain an northeast of the property. firm. estimated 500,000 tons of silver Pierson said further exploraThe company, a subsidiary of ore in five veins," the president of the property is to begin tion minhas 18 acquired Naturizer, Inc., said; The veins vary from He and several me tu800-acre immediately. on an inches to five feet in width and ing claim leases block In Okanogan County, said were traced on the surface for a bers of his organization were In Norman A. Pierson, president of distance of approximately 1,500 Spokane briefly last Saturday to make the announcement. Naturizer. feet. The claims are on federal forest Pierson said that the values lands In the Okanogan National found In the property, according Forest. They were formerly to an assay report In Inventory known as the Murray Group of of Washington Minerals," put out Claims. by the State Division of Mines and Pierson said his firm estimates Geology, are comparable to those Uranium SHADES OF THE 49ERS Boyles Bros. Drilling Co. CONTUCIMG SERVICES Exploration prospecting has attracted more people, including those without mining All Types & Sizes of STRUCTURAL BARS -- PLATES -- SHEETS SIS. Engineering Coro Drilling Tunnels tf A REINFORCING Geology 1624 Piorieer Road Salt Lake City, Utah 84104 487-367- 1 District Offices: P.O. In Mi p.o. lot fsTi Navada Phoanis, Aril. B020 P.O. Bo ni Auburn, Calif.' K4M ISMS W. Mil Am. Coldon, Colo. . Sparks, IMII. P.O. Box 007 Spokana, Walk. ff)RI 7.0. Bos 74U loulivllla, 40207 Ky. Foreign Offices: Rofonna 4031104 Mouco City S D.F. Casilla 21-Catilla 8144 Santiago, Ckilo Lino, Pom D STS OFFICES - Crandall Bldg. PLANTS -- 651 West 17th SoJ Salt Lake City, Utah General Offices: 801: experience, than any strike, since the California gold rush in 1849. COMPLETE WAREHOUSE SERVICE Rotary DrHIfnf Shafts SeR Sampling The Okanogan County property was called to his attention, Pierson said, by R. w. (Mike) Glen-n- y of Republic, Wash., who will work with Columbian-Cascad- e In developing the property. WESTERN STEEL SERVICE CENTER Mino Developing Grouting No PHONE WfSTfMi '?ei6Ucto& Situ 328-054- 1 Company Sfiutetotat Stuf ALSO FABRICATORS OF PLATE AND REINFORCING STS STEEL ERECTION UO&NO Building the WEST with WESTERN STS |