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Show August 4, 1069 OIL & MINING JOURNAL Your One-Sto- p Engineering Store . . . Battle Mtn. mine to reopen BATTLE MTN., Nev.-Finplans and financing for the reopening of the Betty O.Neal mine at the mouth of Lewis Canyon are under way, Marion S. Fisher of Battle Mountain disclosed. construction has not been set. San Clayton McNeil, Francisco mining consultant and president of Betty ONeal Silver, Inc., is planning a new plant. The Betty ONeal Mine has Oil depletion cut could NEW YORK Forces for and result in a gasoline price increase ranging up to 2 to 3 cents a gallon, said the Petroleum Industry Research -- against cutting the 27 12 per cent oil depletion allowance are now locked in combat, but the person who could come out depletion would Surveying Equipment Sales-Repairs-R- hurt you Eastman ld inevitably Dillon, Union CORPORATE EXEC I produce. The study contains this tentative timetable: The long decline in production should have ended as of 1968. During the coming i969-7- 0 period certain areas will decline in importance as others are developed. In 1970, both production and . stock transferring II transfer service 5 Day Unique computer stock transfer For more information concerning million tons annually. Production will come from deep mines, and mining costs will gradually increase, construction of its production causing an important rise in the shaft at a major new price of the metal. After that, projects are highly development in San Juan County south of Moab.) speculative. Question: Can man In 1972, production should continue to find the illusive, begin significant expansion. valuable uranium rock and will Reserves, while continuing an his technology allow him to upward trend, will not increase remove it economically in face as rapidly as before. of competition and substitutes? By 1975, the rapid growth in Supply and demand for should level radioactive ores and vanadium production begin to off. conditioned the mining history In 1975 to 1980, production of the Plateau. should rise slightly at first, then The first radioactive ore was fall slowly as the industry settles mined in 1898 and shipped to into a more normal production (Continued Page 6) one rate-ab- out stock transfer agency available contact the Trust & Transfer Inc. 353 East 200 South 801-322-16- to Salt Lake City, Utah 841 or call 1 1 96 ... V.V VV. V.V v.v V.V v.v v.v ViV v.v v.v v.v .. v. V.. i It is bur pleasure BEST INTERPHASE v.v v.v . .. . ... v.v v.v m ?? Economical, accurate program to transfer your corporate securities. reserves are expected to increase with at least one or two discoveries of note. (Rio Algom Ltd. has started trong 13 Trust & Transfer Inc. Colorado Plateau would have taken about six years to extract the ore. A s uranium market-bo- m on the dramatic and increasing use of nuclear power plant- s- has developed, assuring the future of the San Juan Project Area, if it can 355-17- INTERPHASE III At the 1965 mining rate, it ental 123 East 2nd So. $100,000. Securities & Co., commented. It must be remembered tliat even with the 27 12 depletion Foundation, Inc., an rate oil company profits are organization funded by the oil slightly lower than those of companies. manufacturing industries in he added. The nation's Tampering with the general, oil companies would have to percentage depletion provision also would adversely affect those compensate for a cut in the Americans who have direct or depletion rate to maintain indirect investments in oil reasonable profit retums-a- nd stocks, Kenneth E. Hill, senior the obvious answer is an increase partner and economist for in prices. . hurting is the motorist. The oil industry, along with some economists, is saying that any cut in the allowance would lead to a corresponding hike at the gas pump. Removal of the percentage 43-year-o- produced $8 million in silver It was shut down in the 1930's. The 350-acr- e property was sold recently by the Battle Mountain State Bank Mortgage Corporation for more tlian date for beginning A al v.v . ... .... I . 1969 V Le V.V v.v v.v TOYOTA v.v ... I announce the opening of I. . .. . m . y. dl 3"3. CURITIES CORPORATION Broker-Deal- t ,'.y. YOU'LL SAVE MONEY IN THE in er STOCKS - BONDS - MUTUAL FUNDS I Write for our current research bulletin Bullion Monarch TELEPHONE (801) LYNN L THEOBALD,, Vice President 1969 Chevrolet Impala 84601 fully equipped 375-257- 0 SALT LAKE CITY TELEPHONE VICTOR I. CARTWRIGHT, President UTAH 328-444- I 4 DAN WAKEFIELD, about leasing the equipment or 1969 Cadillac Coupe DeVille fully equipped "We invite you to visit our office or call for Quotes. AVENUE-PRO- VO, . . automobile of your choice. market over-the-coun- ter 35 NORTH UNIVERSITY SHORT RUN, AND LONG RUN, TOO. Let us talk to you offering Specialized Research in the . 24 month minimum $1 JLQ89 p,r iOA $10795 month p,r month UHEVGBSAL LEASING COUP. Secretary-Treasur- er WAYNE E. PEARCE. Director of Research s 1879 South Main Street 487-173- 7 r |