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Show U OF U HORARY ireniiHM CITY 1 5K7p w.. Features Mining, Oil, Financial ts VOL. 24. No. Salt Lake City, Utah September MJLL i One Tear $LS9 195S 577 Salt Lake Stock Exchange Transactions For August AUGUST 1953 LISTED STOCKS Big Hill Bonanza Oil & Mng-Bristol Silver Bullion Cardiff Central Std. Chief Con. Clayton Silver Colorado Con. Oolb. Rexall Combined Metals Comet Coaln Commonwlth Lead Cons. Eureka Crescent Eagle OIL Croff Oil Crown Point Dragon E. Crown Point East Standard E. Tin. Coaln Low High Sales Last Sale Nalldrlver Nev-Ta- Oil & Mng. h The American Mining Congress reports that important I ; xEast Utah xEmplre Mines Eureka Bullion Eureka Lilly Con. Eureka Mines Eureka Standard . s ' v. 24 20000 .02 1000 4500 .15 .05 6000 1500 38652 .01 1000 11000 8000 43000 10500 7000 4570 1000 8000 4500 1000 9036 3000 .01 .01 .06 .05 .06 .05 . .01 .04 .02 .01 Madison Mines 25 Lead & Oil Majestic Oil & Mng. . Mammoth : Miller Hill Miners Gold Aono Kearsarge .06 03 .03 .02 .17 .04 .02 23 29 .02 .02 02 .03 .01 .03 .LittleMay-- - .03 .04 .01 .04 r "Moscow ML States Dev. . jzMountain .04 .04 .03 .15 .03 .02 .14 .03 . .02 .15 .05 .01 .06 .05 Kentucky-Uta- h 3500 8647 2000 1500 1650 .0434 .03. .04 .03 .15 .03 .02 .15 .05 Gold Chain Grand Dep. Great Western Horn Silver Howell Indian Queen Kennebec Keystone : Lakeside Mon. xLeonora 22 View - -- 21 23 Swansea Con. Tar Baby Tintlc Central Untie Lead Tintic Standard . xTrans-Unlo- n Oil United Park City . Utah Con. Utah Id. Sug. Cam. Utah Ida. Sug. Pfd. . Utah-WyCon. Oil . Victor Con. Western Alloys .. o. West Toledo Wilbert. .02 Williston Basin Oil 25 Yankee Con. Zuma UNLISTED STOCKS Amal. Sug. Pfd. Utah Fire Clay Utah P. & L. Com. .05 .03 22 .02 .02 .03 .01 .03 21 ( (R.-Md- ZCM I Indicates operating companies Total Shares Traded 1272205 Legal Action Entered Over strikes at two Efforts were being continued late this week to Placer Leases Utahs major metal producing facilities as negotiations were and Strike Threat Continues At Utah Smelter, Refinery avert Rio Tinto Site Of New Exploration of way between under- inm company representatives. in the meantime, the strike Principals in the controversy up through northeastern part of are members of American Smelt- (against the United Park City the state on an official inspection ing and Garfield Smeltermens Mines Co. is continuing. The protrip, State Mine Inspector Mervin Local 4347, United Steel Workers perty is being picketed in an atJ. Gallagher found mining activi- (CIO); members of Local 4413, tempt to detain maintenance men ty of considerable importance be- United Steel Workers (CIO) and from entering the property which ing undertaken in Elkn County. frfffcfols of American Smelting is dosed down as a result of low Most attention was being given to and Refining Company and of lead, zinc prices. tungsten, and also copper. Very Kennecott Copper Corporation. little lead and zinc is being mimJi Plants involved in any strike at the present time, although action would be the Garfield there are numerous properties in copper refinery of Kennecott. ConWeek ending Aug. 29, 1953 Elko County with high potential in tract negotiations are also being BINGHAM DISTRICT, UTAH the baser metals, when mining conducted between the Operating U. S. Mines 7690 tons. conditions become more favor- Engineers, Electrical Workers and Combined Metals Reduction Co. able. International Association of Ma 100 tons. One of the more interesting re- chinists (AFL) and Kennecott ofUtah Copper (Kennecott) 960 ports received by Inspector Galla- ficials. 85 ton cars, daily average. gher was the lease which Earl Operating contracts of these PARK CITY DISTRICT, UTAH Whitney, former geologist for the various groups expired Monday New Park Mining Co. 1487 Kion Tinto Copper .Company, had midnight Members of the Gar tons. taken on that supposedly worked-o- field Smelterworkers Local 4347 EUREKA DISTRICT, UTAH ground in an attempt to revive voted last week to strike of their Chief Consolidated Ore cone. its activity. Whitney and an asso- demands were not met in the new 38 cars. ciate have leased the mine and contract shaft and plan to run a crosscut All workers are remaining on cars. Empire Mines ore 1 car. from the 200 level into virgin territ- the job pending outcome of the nePIOCHE DISTRICT, UTAH ory. This is the did Frank Hunt gotiations. However, with a strike Metals Reduction Co. Combined in discovered authorized by the union members mine, which was zinc cone. 2 cars. Lead cone. 1936, and which subsequently pro- and the contract expired, a strike 1 car. Perlite;-- !! cars. duced something like $20,000,000 could occur at any time. Any such Silver copper ore: Comaction would seriously curtail Bristol in copper ore. The Rio Tinto car. Silver ore 1 car. pany mined it, built a camp, and Utahs nationally vital copper J. A. Hogle & Co. Mining Dept . Continued on Page 2 CARSON CITY, develop- ments affecting the lead-zin-c and other mining industries are in progress while Congress is in ad' (joumment and the President is vacationing. In its current news bulletin, the AMC says the tariff commission fs anxious to receive applications at the earliest possible date from those who wish to appear and tes-tif- y at an investigation of the effects of imports on the lead-zinindustry. Anyone desiring to attend the hearings should notify the secretary of the U. S. tariff commission, Washington 25, D. C. The lead hearings will begin November 3, and the zinc hearings will start November 5. Single copies of the Congres- sional Record of July 23 are available from the AMC office. Ring (building, Washington 6, D. C. Thats the date the Simpson bill (for sliding scale duties on imported lead and zinc was debated and the Record also contains the roll-ca-ll vote on the measure. The bulletin says a new committee for a National Trade Pot icy has been formed with John S. Coleman, president of the Burroughs Adding Machine company, as its chairman. The committees objective apparently is to work for - the removal - of obstacles to free world trade, including the reduction or elimination of tariffs. A special task force of the sen-lat- e judiciary internal security subcommittee, headed by Senator .) is planning John Butler to hold hearings this fall on the 37 odds subject of Communist influence in labor unions. Butler has announced that officials and rank-and-fi-le members of the Interna-Ition- al Dollar Value $14228029 Union of Mine, Mill and Smelter workers and other unions (expelled from the CTO will be called to testify. The AMC bulletin announced (that the Atomic Energy commission hereafter will make monthly public announcements of the location of surface areas of unusual (radioactivity found by its ground SANTA FE, N. M. W. A. geological reconnaissance. Maps rfeer has started a new legal!(showing the location of radioae- fight at Santa Fe in an attempt toltive areas will be posted at noon, force the state land commissioner I Mountain Standard Time, on the to issue him leases on thousands 1 15th day of each month, or the of acres of western New Mexico I first Succeeding working day, at state land which may contain I AEC offices, uranium. A mandamus action has I The AEC reported that $2,162,-bee- n filed to force the land com-- 1 378 has been paid to uranium I to issue the leases. ers in the form of bonuses for ores produced from expuranium Greer has contended that his ap-- 1 I ble lication for placer mining leases properties between March 1, should be granted. But Land Com- - U51 and July 31, 1953. Bonus E. S. Walker has re-- 1 ments presently are being made fused to issue the placer leases, I the rate of $150,000 per month, holding that lode leases must be I Formation of a Tungsten Insti-issued for mining uranium Placer I tute, with headquarters in Wash-leason the Greer holdings I ington, D. C., has been announced would cost around $1,000, whereas I by W. Lunsford Long of Wairen-lod-e leases would cost some $20,-- 1 ton, N. C., who is vice president I of 000. Tungsten Mining corporation I Walker refused to issue placer and president of the new rgani-leastian. Tto organization a object-i- s on the ground that uranium are to foster the development fixed in place, in a lode No the tungsten industry and to placer lease has been issued by I the land office in 18 years, he said. promote mutual improvements Greer contends that uranium min-- 1 among its members and with the ing can be considered placer min-- 1 government II ing. The Greer permits expired ini . March and April, and the land of-- 1 AriZODH UrtHllIWI Arizona's fice accepted new applications on I HOLBROOK, Ariz. I newest is the uraniuin were producer the acreage. The applicants Din of Uranium settle-1 Cd American placed in escrow pending ango. ment of Greers suit c - . Move Started In Behalf Of Lead, Zinc Nev.-Swln- ging Ore Shipments - ut . I min-mission- pay-mission- er er es es |