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Show 4 July 9, 1943 The Western Mineral Survey, Salt Lake City, Utah All Sections Represented Markets - From Page One) In Trading On S. L. Board quiet(Continued affair. Sales of common ' Recent Stock Quotations seven-dalead for period Volume of trading last week suffered some from the usual amounted the to 2.061 tons, against let down on the Salt Lake Stock Exchange and 4,995 tons in the week previous. further from the Fourth of July holiday. There was little Prices were unchanged. y mid-summ- Zinc change in the pattern of the market. Though the volume has been light the number of stocks active continued high with some trading In producers and prospects in every mining district represented on the exchange. The "penny stocks were up and down with little net change. New Quincy has been a volume favorite recently after a long dormant period. New Park which had climbed to-8cents has continued to show rather wide fluctuations under periods of profit eaklng sales and accumulation after declines. The stock on Thursday sold as low as- 73 cents. Slocks of companies having properties in the Frisco district continued active and firm at the sliarply Improved prices. The government, it is hoped, may a power line to the area for tungsten, a war metal. This would benefit all the mines, especially those with large bodies of ore that would be profitable with cheap power. Zinc allocations for July came through during the last week as anticipated. There were no price developments, and the selling basis continued at 8 for Prime Western, East St. Louis. The advisory group met with WPB officials in Washington on Tuesday to review production and distribution problems. Interest at the meeting centered in High Grade, which has been accumulating in some directions. Increased tonnages will be stored at large fabricating plants for account of the government. c. Cr. Pt. 1000 at V. East Sid. 3000 at . New Park 100 at 75 : 400 at 73. Ohio Cop 1000 at 7. Park C. Con 2000 at I. Prino Con 300 at 2544. Unlisted Ut. Pr A Lt $7. 20 at 14.00. Kant WEDNESDAY, July 7 Tin - THURSDAY, JULY 8 Hiii. Met.. 3.000 at 4. Bullion, 1.000 at 2; 3.000 at 2. Clayton Sil., 400 at 40. Conib. Met.. 1.000 at lift: 10.000 . K. Cr. Pi.. 1.000 at Ku. L. Con.. 42 at 15; IS at IS. at 12 Horn RiL 500 at 12ft. Nrw Park, 1,000 at 70. Ohio Cop., 500 at 744: 500 at Ttt. P. C. Con.. 1,000 at 5. Sil. K. CoalnM 50 at 4.00; 30 at 3.10; at 20 4.00: 100 at 3.55. Tinlio Std., 400 at 1.50. Unlisted Ut. P. $0, 3 at 01.00.. 6 TUESDAY; JULY ' , Bid. Aaked. Unlisted Stork Amalg. Sug. Pfd. Meh. Con. Was. Nat-TuA Miu. ... Ut. Eire Clay Pfd. . Ul. P do 37 Ptd 7.50 X. C. 34. 1. Sale Bin Met.. 1.000 at Big Hill, 300 at 0.. Bullion, 1.000 at 2. Comb. Mel, 1,000 Specific mum prices dollars-and-cent- 3. Horn Sil.. 500 at 12. Howell. 240 at 544. New Park. 500 at 70. Con., 300 at 25. Sil. JC. Coaln, 100 at 3.55. Sil. K. Metn 500 at 30 Tintic Lead, 700 at 10 . SATURDAY, JULY 3 Tnlisird Mark Sue. LdiqIit Son. War. A tat. Tun. A Jt, Jt. Jt. Pire c. lain ludiait.Queeu iVvll ... $0. PM PAL P A L 17. Pfd....... MOO i, JltfwCII 4A0 ..... .59.00 60.00 Clay Ml iii.Wdlv I Bristol Silrer 1,000 at 0. Conibinrd.JOtala-LOO- O. at at.1014; 1144. Comet Coalition 500 at 1014. Kaat. Standard 1,000 at 5. New rark 1,000 at 77. New Quincy 1.000 at 2ft; 2,000 Park Prem. 200 at 2. Walker 400 at 30. t 11: 1.000 6,500 at 2. Jnllsted Naha. Unlisted 1,300 different prices prices to a little more than 100. The maximum base contract standard prices for feiTomanganese, 78 to 82 per cent Mn, range from .$135 to $159 per gross ton according to crushed size, bulk, carload lots. Manganese metal, 35.0c. to. 43.1c. per pound, gross weight, according to manganese content and crushed size. For electrolytic. riietal, the" maximum price is 37.Cc. per pound. Spiegeleisen prices range from $35 to $212 per gross ton, f.o.b. Falmerton, Pa., according to manganese content, size, and quantity. high-carbo- T.OO Mch Min maxi- n Quicksilver FRIDAY, July 2 Stack . . Amalfi. Sur. Pfd Con, War. A Mch. Nat. Tun. A Miu, Ut. Fire Clay Ut. P A L $5. Pfd Ut. P A L $7. Pfd Z. C. M. 1 7 JO 4.50 1. 5 58.00 55.00 52.00 50.00 Chief Con., 100 at 40. Comb. Met. 1.000 at 11; 2,000 at Ku. L. Con. 700 at IS. .New Park, 300 at 70. No. Lily. 100 at 44. 2.00 5.30 1.75 63.00 60.00 64.00 05.00 10V4- - mestic producers complain about the labor situation, output for the country as a whole remains comparatively high. Quotations in New York w'ere unchanged last week at $196 to $198 per flask of 76 pounds. Silver C. Con., 1,000 at 714. Rico. Arr. 500 at 57. Tintic Std. 100 at 1.90. Park Oil Well Drilling With crude oil becoming more more difficult to find, a highly favorable postwar outlook is envisaged for manufacturers of oil well drilling and related equipment. Reflecting well spacing restriction and limitations on raw materials, drilling activity has been severely curtailed over In the past year and one-hal1912, little more than 19,000 wells were drilled, in contrast to the 32,140 completions of 1911. e of the current Through a decline show year, completions of approximately 15 per cent from The corresponding period a year ago. Standard & Poor's and Available supplies of quicksilver are held to be ample to meet the heavy war demands of the United Nations. Though some do- - f. mid-Jun- Corp. The London silver market continued inactive last week, with the price unchanged atr 23V&d. The New York Official and the Treasury prices held at 44c. and 35c., respectively. During the first four months of 1943. Canada produced 6,671,406 oz. of silver, against 6,235,361 oz. in the same period 'last year, the Dominion Bureau of Statistics reports. 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 $31.9125 per ounce. Wilfley In San Juan SILVERTON, L. Colo, C. Wilfley, Denver mining engineer with the RFC, spent several days in Silverton recently inspecting vawous mining properties. Ore Shipments mZiyS' . BINCIIAH OKK SHIPMENTS Tana S. Minin 8,720 Company Combined Metal ami Reduction Co. 550 American Smelt in 900 Utah Copper Company 720,000 IT. Seliraga Elect Distributor "sar NEW AND USED MOTORS and transformers 3. Diptndabb FOR MINES, MILLS, FACTORIES DIAL 274 SOUTH FIRST WEST Formerly Rob 141 Pierpont Art. & 17 CRISMON & NICHOLS Asaayara and Chemists ora (hippo ia' agents. 129 SOUTH WES1 TEMPLE Bos 1709 P. all Lake City Utah a - . IN International Nickel KN Kennecott Copper., UV U. S. Smelt. Ref UH Utah Met. A Tuu NT National Lead JL St. Joseph Lead furnished by J. A. These quotation Boyle Company, 132 South Maiu Street, Salt Lake City. 'Utah. AC Anaconda Copper 27 42 AR American S. R. Co HM Home take Mine 39 - 33 32 5444 25030 1744 34 Unlisted Mining Stocks Nominal furnished quotation by Richard C. Badger A Co., 125 South Main Street, Salt Lake City. Stock Bid Asked Bingham Development .03 .07 Oil '. Equity .09 .15 Diamond Oil 02 43 Rip Van Winkle Sunahine Con Silver Dollar A Silver Dollar B New Bingham Mary Mereur Dome Park City Utah Western Alloys 10 25 .30 15 13 .15 tt J5 .04 03 25 .18 .14 Industrial Stocks Bid .. Amalgamated Sugar Common Amalgamated Sugar Preferred Consolidated Wagon & Machine First Security Corp., Class A Asked $ 3.25 7.80 4.60 29.50 10.20 63.50 $ 3.40 8.00 5.00 30.50 10.50 05.00 62.00 8, 1943, Utah Oil Refining Utah Power & Light $7 preferred Ale Is G0.00 Furnished by Edward L. Burton Sc Company, July 160 South Main Street, Salt Lake City, Utah. Highland Mary To Start Shipping for ferromanganese and manganese alloys and metal are contained in revised MPR No. 138, effective July 1, 1943, OPA SILVERTON, Colo. Approxiannounced last .week. The prices mately 15 men are at work at are essentially the same as those the Highland Mary Mines Inc. previously in effect. The order is mill and mine preparing for expetced to make pricing simpler early production. Supplies are for both buyers and sellers. Ac- being transported to mine and cording' to OPA, it reduces home mill to start operations simul- 1114. Prince Tin contained in exports of tin concentrates from Bolivia during May amounted to 2,057 metric tons, which compares with 3,059 tons in April and 2,864 tons in May last year. ExDortg for the first five months this year contained 15,424 tons of tin, against 16,019 tons in the Jan.-Ma- y period of last year. Bolivian producers are awaiting word on the renewal of the concentrate contracts. Negotiations are still on. Opinion here still holds to the view (hat 70c, per pound of tin contained will be paid by Metals Reserve at the request of BEW. Ferromanganeses i Ml . Eastern Stocks er taneously. Joe M. Bradley, general man- ager, and Carl Larson, chief clerk, have been rushing office work preparatory to production. An office has been established In. the Denson Block in Silverton. The room is spacious and bright, making an ideal office and drafting department The Highland Mary is widely . known aff an important producer of also carrying important values in precious metals. The home office is at 900 Land Bank Bldg., Kansas City, Mo. lead-zinc- ,- Geologists Study Area The pegmatites of the Copper Mountain district, which extends Of along the southern margin the Owl Creek mountains in Fremont County, Wyoming, were studied by J. L. Love and J. B. Hanley, in the summer of 1942. This work was part of the U. S. Geological Surveys investigation of strategic mineral deposits. Matiy claims have been staked in tlie area during the several periods of . mining activity . that have occurred therein the last 40 years. Most of the pegmatite dikes in the western part of the area are included In the Whippet group of claims owned by J. Stephenson, A. H. Mar-wel- l, William Marion and .associates of . Lander, Wyo. Between 1928 and 1940 some development work and mining was done on these claims and small quantities of beryl and tantalite were - Tungsten Mine To Ship More Ore MACKAY, sold. The pegmatite dikes generally Ima trend northeastward in the Idaho The com- Mines Corp. at Patterson, Idaho, plex of basic : rated as the third largest .tungand metamorphic rocks sten producer in the United that form 'the core of the Owl States, plans In the immediate Creek mountains. The dikes, are pre-Cambria- n future to substantially increase its production of this strategic metal, according to W. P. Barton, general manager. Ima Mines has been granted permission to increase the wage schedule for miners to $1 an hour week basis with on a time and a half for all overtime. The management 'wants to secure about 30 more miners. Ima Mines Corp. in its annual report shows that additional ore veins have been cut in diamond drilling done by the U. S. Bureau of Mines and that consider able ore was discovered. gneous mostly confined to an area four miles long from east to west and two miles wide. Some are as much as 100 feet thick but relatively few are more than 20 feet thick. The composition and texture of the pegmatite are extremely variable. Quartz, potash, feldspar and albite are abundant; garnet, tourmaline, tantalite, and beryl occur locally. Three of the dikes- are of economic interest and were mapped by plane table and alidate. Two of them, contain tantalite and a little beryl; the third contains beryl in abundance. A copy of the geologic map made by Love and Hanley may Rates bo obtained . by anyone directly inFreight terested in the district upon apAnd plication to the Director, GeologiThe effect of the freight rate cal Surve, Washington, D. C. cut on prices will be small. On most products, the increase now Black Hills Tin rescinded was only 6 per cent. SPEARFISH, S. D. ConstrucWhere industries assemble raw tion work on the Black Hills Tin materials, fuel, and Co.s new spodumene mill at Tin-to-n parts, and then ship comis under direction of A. E. pleted products, however, there Anthony of Spearfish. The new is a pyramided effect. Excluded mill will replace the building defrom the increase and the de- stroyed by fire several months crease were iron ore, and joint ago. rail-wathauls of coal. The railroads had cut petroleum rates from Midwest and Southwest to East, so these are not now ii volved in changes. Farm products are cut by the amount of the increase, 3 per cent, and Assayers and Chemists this may aid in solution of ceilTelephone ing price problems where the 165 So. W. Temple margins between' producer and ' Bolt marketer are being pinched. lake CHy & Poors (Standard Corp.). 40-ho- col-umb- - Prices semi-fabricate- d er Black & Deasori - H. E. HAVENOR & CO. 500 Newhouse Building Salt Lake City, Utah MEMBER 8ALT LAKE STOCK EXCHANGE INFORMATION FURNISHED ON UTAH COMPANIES ORDERS EXECUTED ON ALL EXCHANGES Telephone 57 -- x ite |