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Show V, THE WESTERN MINERAL SURVEY, SALT. LAKE CITY, ekes Marks Light Trading U. S. Metal Week On Stock Exchange Production Trading light the and the Sets Record were 8, 1943. JANUARY UTAH, Cliemical Industry Goes Gas Rationing All Out For War In 1942 . (Editor, Chemical & Metallurgical Engineering) Chemical Industry, because of Its Inherent flexibility, has fitted readily into the pattern of all-owar production. It has quickly changed its processes to yield military explosives and chemical munitions In far neater volume than waa deemed possible a year ago. Its research laboratories have perfected replacement materials, such aa plastics, synthetic resins, plywood and fiber compositions, that are taking the place of scarcer metals and natural products. With the Increased tendency to allocate raw materials on an end-us- e basis, there has been a noticeable decline or levelling off in the vojume of chemicals used Tuesday. THURSDAY, JAN. 7, 1043 STOCKS IAS Amals. Bur- - Pfd Con. Was. a Me. IN iM HAS U.M Ul. Firs Clir 41.01 MAS 111. P a L M Pfd 44 AS MAS Ut. P a L l Fid. 41 AS MAS Z. C. X. 1 Salt Lake Stock Xachawe, Thurtday, Dre. 31, SAIJfiM IHl. Bmr. Met.. 4000 at M. Cardiff. MM at M. Crea. Kr. Oil, ISOS at 14. Eureka Bull. ISOS at Zn. Lilly, MS at 13M. Horn Sll. ISM at ' 1. 4. 4. Montana-- From Page 1 A. J. Btrojan Jr. of meeting. association president, Helena, will be in charge. Two . business sessions are planned for 'the day, following registration at 9 a.m. The at' teraoon meeting will be of unusual character, with no speakers listed on the program, .which will be carried on impromptu by representatives of' government mining agencies. The time will be spent in an open forum known as the "question box, Mr, where officials, including atwill Mr. and Morgan, Carry tempt to answer any and all questions which may be put to them by interested operators. Questions not only may be raised from the flow during the course of the "question box, but may be sent in ahead by. mail. All federal and state agencies, both regulative and technical, are expected td be represented on the boad of experts who will reply to questions at the after-of noon session. While many the representatives have not yet been designated, it is known that . William M. Manning of Helena, technical adviser to the War Production Board, and Oscar A. Baaraon, also of Helena and a director on the board, will take and part. Both are well known minhighly regarded in Montana ing circles. Assisting Mr.' Btrojan and Mr. Clayton Slim. 1M ai Euraka Lily Con. SM Howell. at 100 4. Xrw Park. IN at 44: 1M at M: Ml at M: 4M at M: M0 at M: SM at 40. Rllvrr Xlnc Coalition. 1M at TinUe Lead, 1.000 at 0; 3,000 at 0; 1AM at (. Unlisted Nona. UNLISTED STOCKS Amalr. Sue. Pfd .. Con. Wot. k Mach. Ut Fin Clay Ut. P A L M PM L II PM III P S c. X. L - I HALES Bingham Xelala. 1M at Biatol Silver, 100 Ohio Copper, 1M Tlntla Lead. M0 Walker. IN at M: MM at M. at 4M: at 444. 44: 100 it IS. M: MS M0 at 44. at 41k. i at S3: IN at UNLISTED None. TUESDAY, JAN. $, 1943 STOCKS Amalr. Bus- - PM Coo. Wat. K Xek UL Tin Clay UL Pfd. L IT. PM. Ut. P X C. X. L BALES 4.40 1A0 MAO 41 A0 MAO 4TA0 Utah Power IS. I at , MAO; MAS I at 41 JO. Black & Deacon Assayers and Chemists 165 So. W. Temple Boh Lake CRp From Page 1) trola over production, . man power, prices, wages, taxes, and s other factors of business have been largely com- will do its war Jileted. aIndustry economy. But managed it costa necessarily, with oper-ation- Rico Areentine IN at 44. Silver Kbit Coalition MS at IAS. Ttntle Lead LON at I. UNLISTED Business- ( Continued UNLISTED P4LH Hickey in making arrangements for the convention are committees headed by Mr. Btrojan, Carl P. Stratton, Charles R. Brasicr. Judge Paul Kellar, Hugh K. Gaw and E. Mel. Tittman. e The one-da- y meeting will with the stag banquet, to be devoted exclusto entertainment, no ively speeches or business discussions being scheduled. All persona interested in the mining Industry are invited to attend the convention. con-dud- WEDNESDAY, JAN. 8, 1913 per-un- rising and taxes limiting earnings, net profits will drop again next year, aa in 1942. At the same time, we shall be coming, ever nearer to the day for con version to peace a task which will draw heavily upon' corporation reserves. In short America in 1943 will war into a really economy. But the very mobilisation of our huge strength which turn that Implies ' will itself American thinking to the future beyond victory. he all-o- WAR IV REDS COME Unde Sam's wartime requirements for vital materials, such as copper, line and rubber, mean that expansion of existing telephone facilities is impossible, for the duration. When there are delays on your long distance calls, remember that telephone material! have gone to war. fljoxnlalm SlaUi Otftpl Output Figures $166,280,275 From Page 1 in 1941, a decline of 26 per cent in both quantity and value. Silver production totaled 54.000.- 000 ounces valued at or 20 per cent less than in 1941. Official data on gold production in the Philippine Islands in Krone bee, 3000 at Mas. Lead. 1000 at 1. Ml. City Cop. MS at IAS. Now Park. MM at 40. ' North Ltly. 1M at M. Ohio COP.1M at M: MM at 4. 3M. 1000 at Park C. Coo. Park Nrbon, 1000 at V,. Park Prcm. 100 at 44. Park Utah. 1M at l.U. fill. K. Coaln. M0 at IN. Pit Shield. 10M at M: 40M at V. Tintic Lead, 10M ut 10: lOOOat SM. Tin-l- e Sul.. M0 at 1.1TM: MO at 1J0. Walker, MS at 11. Enina. MOO at UNLISTED HOM. Continued Gives Limited ued at $122200,000 compared with 4,750,865 ounces valued at SATURDAY. JAN 3, 1013 UNLISTED Secretary Ickes Continued tty, has shown marked increases. The Federal Reserve Boards index rose in October to 172. The rise in the W.P.B. munitions index from 100 in November, 1941, to 381 for September, 1942, is also a measure of certain chemical activities that can only be hinted at in present reviews. BY S. D. KIRKPATRICK . was on the Salt Lake Stock Exchange during few changes in prices of limited ly active issues week noticed. Most notable gain of the week MONDAY, JAN. 4, 1M3 ' was registered by New Park on IM.ISTKD STOCKS T.M Pfd IS Anils, dug. A IS 4 Mack Coo. a cents with Was of Thursday, leap MS TS.J0g Clar Fin 10 per cent of Its former price Ul 41 S3 44 Jl Dl. r A L H PM 44JI MM a L 7 rid to 45. cents. A total of 1,600 3.Ut. U.F X. 4104 I1JS L Shares changed hands in six trans- sales actions at 44 and 45 cents. Clayton Silver, IN at 9. Oil, MS at 14: IN at 14. Only unlisted stock to move dur- Cm. Cr.q. Ft. IMS at ; 1000 at M. ing the week was Utah Power and East Pnnc Cob., XM at It. Light 7 per cent, which was up CKLlftTED . $220 to $4220 for a small sale Kona. R. H. Glover, R. E. Brooks Get New Jobs in Chemical prices; again 'reflect- ing the stabilizing influence of governmental control, have varied less than 2 per cent on the average during the entire year. The twice index of 109 per cent of 1937 is, however, an increase of at least 7 per cent over the 1941 average. Chemical Industry in 1943 may be expected to maintain present levels of production and perhaps increase them for some commodities such aa those required for the synthetic rubber and aviation programs. gasoline Greatly increased production of alcohol for butadiene and of benxol for styrene are indicated.. More chlorine will he needed for the magnesium output, which may be expected to. double at least during 1943. Aluminum reduction from domestic bauxites will require greater quantities of soda ash, as will expanded production of glass for con- - applications. Thus the weighted Index for the chemicals of in the consumption are not available Steel and Iron. Production of steel ingots again exceeded previous records and called for peak production of iron ore and pig iron.' Iron ore shipments In 1942 are estimated to have totaled 106.000.- 000 long tons valued at 1942 principal consuming industries has held fairly constant for tha past six montha at about 169 per cent of the 1935 average. The all time peak for industrial consumption of chemicals was reached in January, 1942 when Recent Stock Quotations compared with ton valued at $249,705,-90- 3 in 1941. Blast furnaces produced 69,000,000 net tons of pig iron compared with 55,223,641 tons in the previous year. Production of ferroalloys increased about 11 per cent in quantity- Copper, Lead, and Zinc. Mine production of copper, lesd, sine was higher in 1942 than in 1941, copper establishing a new peak output Slab sine production also established a new record. Ferro-allo- y ing Minerals. New records were established for chromite, molybdenum, tungsten and vanadium, and manganese ore production was the largest on record since the last war. Further Increases are anticipated in $280,000,000 the hr Edwin QuotaUons furnlahed A Co. Spokane; ' Weak. Lariync Clayton Day roc Gladstone Qolconda Grandview M at IA.M; IS at MAS. QUOTATIONS neat quota tiai.'i on lb stock results Irem bide and often made by the members of tha Standard Stock maker Bill COUNTED Marah Met. X. A L.A ...., Standard Sunahln Sun duties nine ore.) Con Tamarark XeGillimr New World Noble Fire Fend Areilia Whitewater SALES January 4. 1M3. A. X. Sales BOARD SALES 1.003 it 11i. Eastern Stocks STM .333 3M ISM M ' representing a decrease of over 1 per cent in quantity but a gain of about 3 per cent in value compared with 0. Anthracite. Pennsylvania The substitution of Pennsylvania anthracite for oil and coke in the domestic fuel market, expanded purchasing power of domestic consumers, and Increased industrial activity were the major contributing factors - which Increased the demand for anthracite. The estimated production of 60200.000 net tons in 1942 was the highest since 1930, and an increase of 4.100200 tons (7 per cent) over that pf 1941. The estimated value for the 1942 production was 1270.000.00a Coke end Coke Byproducts, The combined production of by- Eroduct and beehive coke In the States In 1942 of 70200,. 000 net tons was the highest ever attained and represented an increase of more than 5200,000 tons (8 per cent) over the previous record production in ,1941. The output of byproduct coke waa 62200,000 tons, an Increase of 62 per cent over 1941; whereas beehive coke production waa 8.200200 tons, or 22 per cent above the 1941 output. The continued upward trend waa accounted for by the increasing demands for metallurgical fuel by the Iron and steel industry. ' The estimated valuta of coks produced were: byproduct, $380 OCO.OOO; beehive, $49200200; total byproduct and beehive, The combined value of coke .byproducts, including $429,-000,00-0. affect (I Mr. on elsb in lor sine oontslnwl are continuing and an agreement la expected soon. Straits quality tin for forward shipment waa nominally as follows: Dee. Dee. Deo. Dee. Dee. Dee. .33 .IS .M AS .It J Asked $ 3.00 Bid ; $ 225 Amalgamated Sugar Common 725 725 Amalgamated Sugar Preferred', Consolidated Wagon Sc Machine 320 420 2520 First Security Corp. Class A 2420 Utah Oil Refining 720 720 482U Utah Power & Light $7 Preferred 4620 Z. C. M. L 4820 5020 Furnished by Edward L. Burton and Company, Jan. 7, 1943, 160 South Main Street, Salt Lake City, Utah. breeze, tar, ammonia, light oil, and derivatives, at producing plants, waa $183270200. OTHER NON METALLIC MINERALS - Production of minerals ' used was primarily in construction predominantly upward. Cement sales increased about 10 per cent, largely . because of important construction military projects such as airfields and military, roads. For the same reason,' there was an increase in sand and gravel products of about 7 per cent, and atone production of about 9 per cent, because, these materials are used extensively as aggregates in concrete construction. On the other hand,, lime sales decreased approximately 11 per cent and gypeum aalea about 8 per cent due chiefly to the shrinkage in - civilian building construction. There was a lam increase in demands for molding sand-anfor limestone used aa flux in blast furnaces. An advance of approximately 11 per cent in sales of clay was due largely to the great increase in fire day sales . to the refractory Industrie. A'. 10 per cent increaae in salt production was due to larger de manda for chemical uses, notably in the manufacture of metal- lie magnesium. An extension in the fertilizer industry led to Gold Firm Turns To Chrome SAN Calif.-Tur- ning FRANCISCO, from gold dredging to chrome mining, the Humpneiys Gold Corp, of Denver, which has been operating with large dragline dredge near Sloughhouse, Calif., is reported to have taken over additional chrome claims in Seven Devils district of Cook near Bandon, Ore., County where Lagoons and Shepard mines an already held, and company is said to be considering construction of reduction plant capable of producing tons of 49 per cent concentrate monthly. A. E. Humphreys la president and P. W. Racey is engineer for Humphreys Gold Corp., which has offices, in First National Bank Bldg., Denver. 4,-0- . United Tungsten Makes Shipment LOVELOCK, Nev. weekly . shipments to the nadium Corp. smelter near Salt Lake City have been started bv the United Tungsten Mines lAd. 120 tot mill located near of about 6 per cent in with a Toy. 15 miles west of here. . the sales of phosphate rock. The mill is now treating 50 e high records of, protons a day but with additional duction were registered Jn 1942 installations going in, machinery for several important nonmetal-- . to raise It to capacity is expected lie mineral commodities.' The to be cut in some time after the cement output exceeded in. first of the year. ' quantity the previous high of. 1926; Other widely used e duction also attained a new high that reached record in 1942. high sale records in 1943. were - Increases in sales of many sand and gravel, stone, crude -' and minerals are to be atbarite, phosphate rock, hightributed to the striking trend at grade days. Because of the exof this time to substitute nonmetal-li- c high demand ceptionally ateel furnacea,1 fire clay and products for metals in order fluorspar sales far outstripped to conserve the latter for direct all previous records. Sale of military use. Outstanding exame potash salts reached an ples are glass containers to take nigh in 1942, and for the first' the place of tin cans, lightweight time exceeded dedomestic concrete to reduce the need of mands. Because of the unusualstructural steel, and gypsum ' of lath to takr ths place of metal exploly large production sives and fertilizers, sulfur pro- -' lath. All-tim- ommodities non-metall-le V 33,000 H Feb. Xanb HAM 33,00 Holiday M U H all week. ANTIMONY Effective Dec. 28, our ex warehouse New York quotation for includes the 3 per antimony cent freight tax. The leading interest now quotea 15c. per pound for the metal packed in cases of 224 lb. plus $225 freight per case, on lots of 5 tons or more but less than a carload. This brings the total cost per pound of antimony on ex warehouse purchases in the quantities cified to 16249c. per pound. best-know- n spe- and Nashville Louisville Railroad at Nashville, Tenn. He With that company: remained until 1908 serving in turn aa a tor. dispatcher and chief train dispatcher. He then went to the A. T. Sc 8. F. railroad aa chief dispatcher. He waa with that road from 1908 until the end of 19U. when he entered the series of the Union Pacific aystem. he aerv-e-d With the in turn as chief dispatcher, trainmaster, superintendent and general superintendent. QUICKSILVER Quicksilver was not mentioned in the Mexican trade agreement, vea which the duty exactly where It ha been for many Arkansas Mine Is Being Built on-er- yean. The trade was surpriced to learn to what extent the Government has been purchasing the metal. Statisticians translated $7221,000 expended for quicksilver into flasks and the result was interesting. Quotations in New York continued at $19608198 per flask. SILVER During the last week, the silver market in London has been quiet, with the price unchanged JASPER, Ark. Newton County Mining Co- headed by Chas. 1006 W. Harrison H. Herman, 81, Chicago, 111 has its central milling plant under construction at Jasper nearly completed. Operations are iff charge of Pete Wells, of Jasper. The jigs, rolls and- crusher are all set and the big building la completed with the exception of the roof. The engine and other' equipment la on the ground ready for installation. of Because of the scarcity lumber the company had to operate its own sawmill to supply lumber for construction purposes. It expects to have the plant .In operation in 30 days. The company owns approximately 2200 acres of mineralised land lying within a few miles of the new mill. Among the properties are Keys Gap, Spanuh Lamar and Brisco. Besides milling its own ore it will do custom milling if the necessity arises; later-compan- VMON ASSAY OFFICE , ZNC. at 23KL Anoyers and Chemist Box 1528 The New York Official and the Treasury prices are also unrechanged at 44 c.' and 35c , spectively. UNITED STATES GOLD PRICE The price paid by the United States Treasury for gold purchased by the mints continued at $35 per troy ounce of fine gold, less of 1 per cent. Actual payment by the United States Treasury for gold in imported and domestic ore or concentrate is at 99.75 per cent of the price quoted by the Treasury. which at present is equal to $342125 per ounce. , - Joplin Group Revives Old Mine . Wo ' sesrnaenl eUppnm of Established 1887 CRISMON U fir NICHOLS SOUTH WOT 1EMPLS a P. aX taka e ITS ' City Uldh H. E. HAVENOR & CO. Salt Laka City; Utah 500 Newhouia Building JOPLIN, Mo Uptown Mining Co. has started the sinking of a new shaft on the Jenkins land on the northern city limits of Joplin.. The Zlg Zag Mining Co. last operated a mine and 150 ton mill on tha 60 acre lease several: years ago. A good sine orebody In Soft ground was work--e- d around the 90 foot level until 1935 when the ground caved to the surface. Anodatad In tha company are Che. L. Martin,. Frank Fenlx, Gilbert Fenlx and Harold Fenlx, all of Joplin, New Mexico Regular Mica Firm Active Va- Jan. 34 HAM HAN HAH HAN HAM HAM H.0M HAM HAM 1.000 HAM M 03AM Chinese tin, 99 per cent grade, or spot nearby delivery, 51.125c. The trade treaty with Mexico lowers the Import on molybde50 num ore and concentrate per cent to 174 c. per pound of Mo contained. FLUORSPAR Under the trade agreement with Mexico the Import duty on fluorspar containing more than 98 per cent of calcium fluoride has been lowered from $520 per ton to $420 per ton. The duty on fluorspar containing not more than 97 per cent calcium fluoride was reduced from $8.40 per ton to $820. TIN . Mine workers who had been on strike in the. Catavi district of Neio Mill At 1941. The demand ' for domestic crude petroleum was about 1,- 397200.000 barrels in 1942, compared with the revised figure for 1941 of 1,420,000,000 barrels, a decrease of shout 12 per cent. The demand for domestic crude petroleum was sustained toy a sharp drop in total import! end by a gain in total exports, but these factors were offset by a much greater liquidation of stocks of all oils, by the decline in total demand for all oils, and by an in the production' of natural gasoline. The decline in the demand for crude oil and the heavy liquidation of stocks of refined oils, particularly in the east coast district, were reflected in a decline of about 5 per cent In the total crude petroleum run to stills during 1942 which is estimated at about 1235,000,000 barrels. Production of natural gas and natural gasoline increased, moderately in 1942 to new in both quantity and value. peaks Bituminous Coal. Increased industrial activity, together with the substitution of bituminous coal for large quantities of fuel oil, resulted in the production of 576,000,000 net tons of bituminous coal and lignite in 1942, according to preliminary estimates of the Bituminous Coal Division, Department of the Interior. This was an increase of 65200200 tons (13 per cent) over 1941 and nearly equaled the nation's record production of 579286200 tons in 1918. The estimated value of the 1942 production was $1265200,-00- w in 1 .30c. MOLYBDENUM Sidney W. W. Power Bnriaterrd Sun Con. . Bolivia since Dec. 14, returned to their jobs on Dec. 26, according to press advices from La Pax Negotiations for final settlement of the labor difficulties week waa unchanged. ' Premier also announced the appointment of Robert El Brook, superintendent of tha B. A. & P. Railway, to be general manager Of the road succeeding the lata Harry A. Gallwey. Mr. Brooks, also was elected a member of the board of directors of the railway company. He assumed his new positions in January 1. K. H. GLOVER Mr. Glover la a widely known Montana lawyer of distinguished attainments. He had been practicing law in Great Falls since the close of World War I. Upon hia discharge from the army in 1919, he located in that city and servbegan hia practice. He had.Over-sea ed during the war in the Courier Service. He was born in Goldendale, Wash and. attended the public schools there end at Portland, Ore. He is a graduate in law of the University of Oregon. Soon after locating in Great Falla he. became a member of the law firm of WIer, Clift, Glover and Bennett and this firm, became counsel in the state of Montana for the Great Northern About six and half Railway. yean ago he became a member; of the firm of Cooper. Stephenson and Glover, which, over a period of years has transacted the legal business of the Ana- -' In northern conda Company Montana. It is the same firm of which W. H. Hoover, now chief counsel for the Anaconda Company, had been a member. thus has been' Mr. Glover identified with the Anaconda Company's legal afaflrs over a period of yean. R. K. Brooks Mr. Brooks is one of the railroad operating officials in the west. He has been In the business for more than 40 years. He was born February 5, 1885, at Blamark. Mo. When a lad of only 14 yean he started railroading and has been at It iver since, i His first experience was ss a operator -- with - the-the telegraph The over-al- l prospects for chemical industry are for production levels that will utilise all available capacity for plants; equipment and manpower. with Under war conditions, import duties on strategic metals exerting no Influence on the domestic market, interest in the lower tariff centered chiefly in outlook. the post-wa- r The price situation in xlnc last - United Li UNLISTED BTOSKS Bunker ' HIU Callahan 1. Mr. Kelly uary tainer!. Continued From Page 1 Sherman 811 Summit Other Metals. Production of cadmium established a new record in 1942, and mercury production was the largest in over 50 years. Antimony production was higher in 1942 but bismuth recorded a slight decline. MINERAL FUELS War requirements for fuels resulted in Increased production of all classes excecj crude petroleum which declined slightly due to the unusual curtailment of consumption in the eastern region. Petroleum. The total demand for all oils in 1942 approximated 1258200.000 barrels, a decline of about 2 per cent from the record established in 1941. The decline of about 10 per cent in the total demand for motor fuel was largely balanced by increases of about 5 per cent in the total demand for residual fuel-oi- l and 9 per cent in the total demand for distillate fuel-oi- l. The production of crude petroleum in 1942 amounted to about 1285200200 barrels with an estimated value at the well of - New Trade Pact With Mexico To Affect Metal Polaria 1943. Announcement has been made D. M. Kelly, vice president of the Anaconda Copper Mine ing Company, that Roy H. Glover of Great Falla, has been appointed head of the legal department of the Anaconda Company at Butte, under W. H. Hoover, general counsel. Mr. Glovers appointment became effective Jan- by Hfqplrptflw Bunhins Cos, Ml at UK. Jack Waits Appointments SALES Unlisted Independence Xetropolltan Keciaterad Bfflrtwtj Kada Metropolitan INTXasESSIOH BOARD Since 175, then it has shown a decline in every month up to the final quarter when the upward movement was resumed. Chemical production, in contrast with consumption in Indus-- XstropolUan IIM at 1, Kan. P. X. P. X. Sales Stock index exceeded D. M. Kelley Tells Of Anaconda SALT LAKE STOCK EXCHANGE rORHKHED ON UTAH COM? AX OEDEU EXECUTED OX AU EZ CHANGE! MEMHB mrOBMATIOX Talephona ORE UTAH in 57 SAMPLING COMPANY INDEPENDENT PUBLIC SAMPLING ACCURATE RESULTS PROMPT SERVICE MODERN MILLS OFFICE AND MILLS 4; MURRAY, UTAH PETACA, N. 1L The Petaca Mica Production Co. at La Ma- dera, N. M has completed a raise and an air shaft to the urface at its Cribbenville mine and is planning to sink a shaft on the vein 'for 200 feet. It ia repented that 200 torn of mica have been blocked out at the mine. Four men are being em- production of plate and punch mica daily. R. L. Schneider, La Madera. la president and general mail- ager of the company, M. T. Van-deice, Walnut Creek, Callf.j Mwith . ni la president and treasurer. Steel Rate 98.2 Per Cent The operating rate of the steel industry for the week beginning Dec. 28 wag eatlmated at 98.2 per rent of capacity, tha American Iron and Steel Institute This compares with 98.1 per cent In the week previous. Schroga Electric Co. MsMbntw "SET ' NEW AND USED MOTORS and transformers FOR MINES, MILLS, FACTORIES DIAL 274 SOUTH FIRST WEST Fecmecty 141 Fleipeal Ave. 17 |