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Show -- ajjHS'I.bU'!i'A!J 0F MIWES :) . ;, V. OF v TUUf rucu SALT LAKE 6 1 CITY . ' BMCLTIK WESTERN MINERAL BCITII ... .... IJWt 11.775 GOLD ...... ....... .n...lSiB a.tsta ZIBiO hiii 81LYER (par aa. mr Utk nlad) StASc as. SILTED LEAD, par COVFEB r paaai aa If A a a a a a Salt Lake City, Utah, February 5, 1943 Inadequate- January Transactions Government On S. L. Stock Exchange Policies Hit tested I la thia ahtet Is derived tram sources recanted as reliable, ruaranteed, hut bettered ta be correct. The information cantaiaed Alta Tunnel . M. Co. .............. DENVER, I Bristol SflYd Addressing BuHIon .................. .. ..... ..... ...... .05 Association Cedar Taiis!!!!!!!!!;.!!!!!.'..... Mining here. Sen.. James E. Murray, I Central Standard Chairman of the Senate Special Chief Con. Committee on Small Business, to-- Clayton Silver I day had criticized bitterly the Colorado Con Colb. Rexall ; the govern-"inadequacies" of menfs policy with regard to the- Combined Metals production of critical raw mate- j Comet Coaln rials-fo- r I war work. Commonwealth Lead .' un-He spoke his mind plainly, l Crescent Eagle Oil equovically, as one miner to an-- 1 Croff . ; other,' to these people gathered I crown Point ; in Deliver for' the sessions of the nra.nn ,01 Colorado ..... .27 .06 .01 .05 .00 .00 .03 . -- .13 .15 .13 .15 58 .02 .08 .01 .00 .08 .04 .04 .00 51 51 .03 .05 .15 .00. .00 .28 .00 .00 .01 01 .01 02 1.40 .02 .11 nW" 50 .00 50 .45 .00 .4 -- 05 55 . .02 55. 50 50 .05 1 . ef-lpar- ... .. 02 jc - 'Prince ed, and said: We must fight this Rirn policy to the last ditch. Unless Coi ! I 1 1 I 1 1 1 .!!!!! . st?C .02 1.15 .00 .06 .15 .20 .40 . 00 - to4 .20 .44 oaufion' ... 51 the miner's capital can be return-- 1 Sil' er 3.00 3.00 coalition Kmg ed so that he may look for and Silver 20 50 West develop a new; mine when ihe Silver King 50 Shield one he is working is exhausted, Slver Standard .00 ..... continuation of mining produc- Sioux Mines ; 51 tion is in grave danger. .00 JSa Iron Blossom s.... Referring to possible, future inj .00 ..... standard dustry closing orders, he said CBn Swansea 51 that any such drastic order as Tar Babv' .00 the gold mine closing order I 00 ! should be preceded by appropri-- . . .14 !!!!!!.:!. .12 1 ciorTHowi ate to afford relief for i as 1.30 those Effected by possible "harsh Jg 50 chiT and ruinous results. con 00 The senator posed and answer- - utahWvJ. ConV Oil. '. ! . ! 1 . . . .04 54 I u. ed these questions: .02 Victor Con. "Are additional, ' workable Walker Mining 2G .25 sources of domestic essential West Toledo .00 minerals available for., the war Wilbert 00 effort? You and J know they Yankee Con. 51 are. Will our mining Industry go Zurna 01. 51 all out, if given reasonable sup- Utah Id. Sug. Com 2.17 port, to produce these minerals? Utah Id. Sug. Pfd. ..... You and I know it will. Senator Murray quoted the Unlisted Stocks . WPB Program 750 Sug .Pfd Ferdinand Eberstadt as saying: Amalg. Con. Wag. & Mach. 355 colos"The material shortage is 75.00 Fire Utah Clay sal, and charged: 42.50 42.50 10 4250 Utah P. & L. $& Pfd. anno "Preliminary investigation In--1 ' utan p' u 47 pm 127 48.00 4750 dicates that our raw material Z. C. M. I. 49.00 .50.00 x10 49.00 been, and is being planning hasshort-sighted fashion, done in a Instead of on a short-rang- e basis. One excuse for long-rang- e this, which I do not believe to be Delivery of-- uranium and Its supplies and. stop relatively valid, is often repeated military so use in and lend-leas- e requirements are I compounds for use in ceramics ceramics, consumption; a is where it coloring too 'fluid and fluctuating to pei has- been forbidden by Conservais, in effect forbidden. mit firm figurw to be known tIon Qrder jf.285, issued by WPB, agent Order 5 expressly forbids, long enough in advance for con-- 1 Ledie A. MUler, Jan. 26, sale and delivery, after Rocky Mountaincrete planning operations. It is WPB director, said to- purchase and receipt of uranium my firm conviction that the log- - regional and its compounds for use in Denver. in We is: carft day to answer this leal e war glass, pottery, tile and other cerIncreasingly Important es make it necessary to conserve amic products. ' DENVER On Page 8 -- 1 ri-ntra- - Vice-Chairm- an Uranium Use In Ceramics Halted - - non-essenti- - M-28- us-Se- -- Resources Coordinating Division to be aided by a mineral resources operating committee and a min-- : erals and metals advisory committee. Howard Young of St, Louis. Mo., president of the American Zinc, Lead and Smelting Co was appointed by Ferdinand Eb- erstadt, program vice chairman of ' WPB, to' be director of the new division and to act as chairman of the two committees. "One of the problems to which the War Production Board has given major emphasis, Mr. Nelson said. ris that of assuring that sufficient supplies of minerals and metals are available for essential war production. "Several governmental agen- cies have been working .on various phases of this problem and the responsibility has been divided among them. In order to achieve the maximum benefit, it : has been decided that the efforts of these groups should be concentrated. "As the result of conferences with 11 agencies a plan has been devised to effect this. By establishing the Mineral Resources Coordinating Division, under the direction of Mr. Young, we have made it possible to fuse the best .Of each groups, programs, into a, single .plan. "To' aid Mr.'Young in reaching decisions concerning the development of resources, two new groups have been established. The larger, called, the Minerals and Metals Advisory Committee, comBlock leasing was a large prises representatives of all the stride nearer returning to Utalfs major governmental agencies . metal mining fields today, fol- concerned with the production of lowing pa8sage.by the state Sen- ore. These include: War Departate. late Thursday of Senate Bills ment, Navy Department, Board 40, 41 and 42, which gives mine of Economic Welfare, Reconstrucessees the status of independent tion Finance Corp., Bureau contractors for purposes of the Geological Survey, Bureau . of act. Foreign and Domestic employment security The three bills quickly passed Commerce, Office of Civilian Sup-WPB; Office of Production ;he upper house of the Legislaand Development, WPB; ture Thursday without a dissent- gy, Facilities cast while Bureau, WPB; Labor vote they being ing Production Division, WPB, and on third the came up reading calendar after being passed on Stockpiling and Transportation WPB. second reading on Wednesday. Division,smaller The group, called the Bills 41 and 42, providing that mine lessors may pay occupation- Minerals Resources Operating will be composed of al insurance on employes of the Committee, lessee and deduct the costs from a representative to be named by and ore mined by the lessee, were the secretary of thetheinterior Board of amended to make certain that representatives of Welfare, the Reconsuch insurance must in all cases Economic Finance struction Corp. and the be taken out either by lessee or Office of Production Research lessor. in adand WPB, Development, It is not expected that the bills will meet any opposition in the dition to Chairman Young. "At meetings of the two comHouse. Organized labor has alall proposals and proas not itself mittees, opready expressed grams can be thoroughly dis- posed to the measures. SB 40 came, before the Utah cussed. . The broad, general picSenate on Wednesday, on the ture of such plans will be prethe advisory commitsecond reading calendar and was sented bymore tee and specific working; passed on to the third reading programs will be considered by calendar without a dissenting the committee. operating vote and with every se'nator but "In this way, proposals for inone present and voting. vestigating ana exploring ore Considerable discussion . pre bodies and for testing, developceded the vote on the bill, being and utilizing new processes and Sre LEGISLATIVE On Page 4 for production of minerals commetals will represent the bined efforts of all groups to increase raw material supply. Only those proposals and proand recommendgrams 89 ed by reviewed the operating committee A public hearing on SB 89 by will be considered for final apwill proval. George M. Miller Under the new arrangement, 8 be held Monday, Feb. 8, at p.m. the Minerals Resources Coordin the Hotel Utah under the aus- Division will be respon-inating of the Senate Mining and sible for coordinating plans, progices Committee. and procedures within The bill proposes changing the grams WPB and with the other governbase for taxing Utahs metalli- mental agencies. It w'ill also asferous mines and diversion of semble recommendations for intherefrom creasing the minerals supply. It part of the revenue school fund will advise the program vice to the state uniform chairman in these respects. Restore Block Leasing Pass .01 I I ! . .01 01 . I . . , .11 Sf told I them, among East Standard other things, of a sort of Ule-"-i- n mate in the raw materials situa-- j Kast utatl tion in the War Production Board Empire Mines in Washington, where contending Eureka Bullion ideas are caught,' seemingly, on Eureka Lily Con '. different sides of an impervious Eureka Mines of ' bureaucrats which has Eureka Standard '. kyw I rendered both sides impotent. Gold Chain The Montana senator advanced Great Western .!.. ..... .... ".!!. as a possible solution of this dif- - Horn Silver ficulty the suggestion of the Sen-- 1 ate committee on small .business Howell d,',ppn that there should be a war min- - Inaian A erals director,. fully empowered, ttiVh u.tatl -- Senator Murray.. said, "to di- enty?y rect "arid coordinate the work of Keystone the WPB, RFC,. MPC, SWPC.IJf00 "BEW, MRC. DPC. USGS, Bureau Little May of Mines and a few other alpha-- Magnolia Lead betical agencies independenUy Mammoth .... 1 active in messing up the miner- - Miller Hill als and metals war program. Mlnera Gold . , I have .noticed ah increasing Missouri Monarch Interest among members of the Moscow .'4 ..... mining industry, reflected in the Mt City Copper . . . . : of Mountain View press, for the appointment con-1 such a director, the senator tinued. If such an office were created and a strong director I ew Park chosen from the industry, much I New Premier good would be accomplished. At New Quincy least we would have an ultimate North Lily man beyond whom the buck No. Standard could not be passed. As it is, one Ohio Copper bureaucrat throws the ball to Park Bingham the other, and you can't put your Park City Con. finger on who is responsible for Pnvir Trrmri . Nelson giving you the !!!!'. Premier !! !!!!!!!!!!.!.!. Speaking on the. persistent forts of the Treasury Departs Utah ment to keep- - percentage deple-- 1 park Bristol pioche tion allowances out of . the tax plumbic Mines bills,- Senator Murray, characterpiutUg ' . . 1 run-aroun- d. $2,00 Year, $1.QP, 6 Mos. - 50 the Mining: War Council of Congress. ia nrk. Plans to coordinate and correlate the broad programs of all governmental agencies for increasing tlie supply of essential minerals and metals were announced last week .by War Production Board Chairman Donald M. Nelson. There is- established a Mineral OS Black. Metols Bonanza Mining &- f the MtatMiiag waaia WASHINGTON Beaver Gold Cop. Big Hill Bingham Metals Co- Mi ail Mi the WmL Donald M. Nelson Tells Of Plans To Increase Production Stocks Am.-Met- iMii Government Goes 4All Out For Needed Metals - MV the Utah rrlapaicaia ia carriei aach Features Mining, Oil, Financial No. 6. Vol. 14. f laisatrifs apa() (par (mM Ii . al - . - Senate Slates Hearing On SB (D-Carbo- 1' Steel Rate 98.6 Percent Chile Breaks With Axis1 The operating rate of the steel Industry of the country for the week beginning Jan. 25 was estimated at 98.6 per cent of capacity, which compares with 995 per cent in the week. previous, the American Iron and Steel Institute reports. Chile severed relations with the. Axis powers on Jan. 20 as a step , continental solidarity. President Juan Antonio Rios informed his people. The Chilean Senate approved the decision by a 30 to 10 vote. toward . |