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Show L Stock S. Tintic ' Lead, Industrial Stocks 3; at 4. NEW YORK, OPERATING Park 400 3.4. at 1.77. 4. i NON-OPERATI- Bullion 4000 at 3. Croff 2000 at Royston Coaln. 1000 at Zuma 1000 at 7 xlndlcates operating companies. 3. a a 7. a a OPERATING Eureka Lilly, 200 Lakeside Mon., 2000 1000 at at at 43. 10; 500 10. Leonora, 6000 at Little May, 500 at Hew Park, 500 at 1.75. Park City Con., 4000 at 46. Stiver Shield, 11,000 at 5. Silver Standard, 8000 at Tintic Standard, 100 at Western Alloys, 3000 at 4b Bmplre Mlnea . . . a a a a a a xBureka Bullion xBureka Lily Con. aaeauaa Eureka Mines at 3.4. 10; aaaaaaaaa Kennebec Ohio Copper Profits From NON-OPERATI- Miller Hill, 1000 at 6. Royston Coalition, 1000 at South Standard, 1000 at 9. xlndlcates operating companies. 7. ... Kentucky-Uta- b Keystone xLakeside Monarch xLeonora xLittle May . aeaaaaaaai Magnolia Lead xMammoth . Miller Hill . Low Grades SALES OPERATING Comet Coal'n. 2000 at 20. Eureka Lilly 100 at 44. Grand Deposit 5000 at 4. Horn Sliver 100 at 42. Miners Gold 1000 at 4. Ohio Copper 500 at . Little May 2000 at Silver Shield 10,000 at Tintic Lead 1000 at 35. Tintic Standard 200 at 2.40. 16. 4. 5. xMoscow xMountaln View NON-OPERATI- Bonanza 1000 at 4. Bullion 2000 at 3. Cardiff 2000 at 11. Colb. Rexall 1000 at 8. Croff 4000 at 4. Royston Coal'n. 2000 at Tar Baby 3000 at Union Chief 6000 at S. West Teledo 2000 at Unlisted Utah P. ft L. Com. 22 at 22.00. xlndlcates operating companies. Sales . 4. 7. 3. xPlutus Royston Coaln. ... xSUver King Coal'n. Silver King West . xSUver Shield ..... OPERATING a a a a a Chief Con., 300 at 1.50. East Std., 1000 at 10t Eureka Lilly, 200 at 43. Horn Silver, 900 at 40. Leonora, 4000 at Moscow, 1000 3. 5. at Ohio Copper, 1000 at 17. Silver Shield, 1000 at Tintic Lead, 5100 at 35. 5. NON-OPERATI- Con. Oil xUtah-Wy- o. 3. Curb Sales r- - xWestern West Toledo AH07S .. 3.9.at 3; Central Std., 1000 at Croff, 15,000 at West Toledo, 10,000 a a a a a a 6000 at NON-OPERATI- 3. West Toledo. 2000 at xlndlcates operating companies. xUtah Id. Bug. Pid. Unlisted Stacks xAmalg. Bug. Pfd. . Mach. Con. Wag. gNat. Tun Mines ., XZ. L C. M. Phelps Dodge Raises Profit 102.00 107.00 Sales OPERATING Comb. Metals. 2000 at 2S. 200 at S3. Lakeside Man., 9000 at 11. Mt. City Cop.. 100 at 2.2S. Prince Con., 1000 at 20. Silver Shield 5000 at East Utah, 4. NON-OPERATI- Colb. Rexall, 5000 at 8. Bast Crown Point, 10,000 at 4. Eureka Std., 600 at 36; 2500 at 38. Missouri Monarch, 2000 at 31b. Royston Coal'n., 9000 at 7. Union Chief, 1000 at 61b. Curb Sales OPERATING Metals, 1000 at 28. C. Con., 1000 at 46. Bast Btd., 10,008 at 8. Comb. Park xlndlcates operating companies. OPERATING Clayton Silver, 100 at 59. Combined Met., 500 at 28. Cons. Eureka, 2500 at 20. Names Officers 3.4; ... 1 4. EXPLORATION OPPORTUNITIES Do you want to .investigate the Virgin ground adjacent to or near the productive areas of the Tintic District, Utah? Some ground already claim- ed, other areas open for lo- cation, ideal for geophysical surveying and core drilling. Will act as field scout for percentage or set price. Box The Phelps Dodge Corp. and subsidiaries reported Tuesday 1946 consolidated net income before depletion was $14,853,360, equal to $2.93 a share, compared to $10,136,433 or $2 a share in 1945. President Louis S. Cates reported to stockholders that due to strikes in the first half of the year copper production totaled 339,278,656 pounds compared to 360,581,039 in 1945. The company reported increased production of silver and .zinc, and decreased output of gold and lead. In the last half of the year, Cates said, production progressively increased except at the Copper Queen branch in Bisbee, Ariz. Mining Group 11,000 at 81b. Horn Silver,. 100 at 38. Lakeside Mon., 5000 at 101b. Leonora, 2000 at 9000 at 4. Little May, 1000 at Miners Gold, 5000 at 41b. Hew Majestic, 10,000 at 7. Mammoth, 500 at 48. Hew Park, 100 at 1.75. Park City Con., 2700 at 46. Rico Argentine, 300 at 1.45. Silver Shield, 3000 at East Standard, T. A. GUSTIN 334, Eureka, Utah . suspension 4. 2.37. Great BUTTE, Mont. Officers of the Mining Association of Montana, named to serve during the coming year, have been announced as follows: A. V. Taylor, Philipsburg, president; Gailen T. Vandel, Helena, first vice president; R. B. Shelledy, Garrison, second vice president; Dr. Francis A. Thomson, Butte, chairman of executive committee; Robert P. Porter, Helena, member-at-larg- e, executive committee; W. R. Allen, Wise River, chairman of resolutions committee, and Carl J. Trauerman, Butte, (Continued From Page One) tinuous operation for slightly over nine years during which time 3,662,222 tons of tailings have been treated and 18,598,-86- 1 pounds of copper produced. Big Indian Mine A total of 46,333 tons of ore averaging 1.89 per cent copper were mined and milled during the year compared with 45,166 tons averaging 1.68 per. cent copper in 1945. Production shipped to the smelter amounted to 1,025,433 pounds of copper, a slight decrease from the previous year. The capacity of the mill was limited during the greater part of the year by an insufficient water supply caused by the inability to obtain adequate well pumping equipment and repair parts. As at the close of the year the mill was treating an average of 220 tons in 24 hours, whereas the average for the entire year was only 174 tons per day. The amount of ore in sight at the close of the year is only sufficient for one years operation at the present rate of mining and milling Underground Railway The strike previously mentioned, deprived the railroad of its normal revenues the first half of the year, and during the balance of the time, tonnage handled was curtailed due to the manpower shortage. Nevertheless, the physical property had to be maintained, which accounts for the loss reported. Commencing with the turn of the year tonnage being transported has increased to the point where a small operating profit is being realized. Prospects And Plans For 1947 It is expected that production of copper in 1947 from the retreatment of tailings will decrease but there should be an increase from the Big Indian property due to milling a larger tonnage. In anticipation of the exhaustion of the Big Indian ore body, a group of unpatented mining claims known as the Lisbon Valley deposit, located 10 miles to the southeast of the Big Indian Mine, was purchased. This property contains an ore deposit similar .in character to that of the Big Indian but from a preliminary geological survey appears to be very much larger. The deposit is now being drilled to determine the tonnage and grade of ore available. Should the size and grade of the orebody warrant, which seems probable, the mill at the Big Indian Mine will be moved to this location after exhaustion of that deposit- and will be expanded from the present 225 tons daily capacity to between 350 and 400 tons. In October, 1946, it was announced that special metal premiums would be granted to producing mines fo the express purpose of carrying out approved programs of exploration for new ore deposits. Your company immediately applied for and was granted a limited premium on production from the Big. Indian Mine which, it is estimated, will be sufficient in amount to cover the cost of exploring the Lisbon Valley deposit A second application was made and a premium granted on production from the retreatment of tailings for the purpose of continuing the deep exploration of the Ohio Copper Mine at Bingham Canyon below the Mascotte Tunnel that was interrupted in 1931 due to lack of funds. , The proposed project includes sinking the present shaft which now reaches a vertical depth of 475 feet below the Mascotte Tunnel, an additional .400 feet, from which point the limestone beds can be explored at a horizon the geologists believe to be most favorable for the deposition of ore. These are the same limestone beds that are so productive ores now of the rich lead-silv- er being mined in adjoining properties. Preliminary to sinking the shaft, rehabilitation of the mine workings commenced the first of the year. Contingent upon the this project premiums received, will go forward ' as rapidly as funds are available. - - Natural Gas STOCKS SALT LAKE CITY UTAH 13 EAST 2HD SO. trad & . BONDS Equipment For Spray or Brush Jobs $ MEMBERS Chicago Mercantile Exchange I Insure the Life of - Your Equipment, andBuildings J. A. HOGLE & CO. Lakt-N- n WE SPECIALIZE PRIVATE WIRES The company reports that it operated six dredges in the Dawson district throughout the season. Operations of this company, however, are said toi have been considerably hampered by scarcity of labor. The company has offices at 1919 Marine Bldg., Vancouver, and W. H. S. McFarland is general manager. MORRIS IDAHO FALLS. IDAHO STREET 415 Pays Dividend Yukon VANCOUVER, B. C. Cons. Gold Corp. Ltd., recently paid a dividend of 6 cents a share. It amounts to $341,922. The Colo. RANGELY, monthly progress report of the Rangely field shows average daily production as of Feb. 1 at 24,119 barrels as compared with 12,998 for Feb 1, 1946. : Deep wells producing total 191, with 79 shallow wells in production. The report shows 38 deep wells now drilling. Deep wells now rigging up total 26. The California Co. is the big- gest producer with a daily take of 10,550 barrels from 86 producing wells. Stanolind is the most rapidly expanding of the companies in the field. They have 12 wells being drilled. The California Co. and the Texas Co. have seven each. Stanolind has 14 rigging PAINTING Salt Lake Stock Exchange Chicago Board Rangely Output Shows .Increase INDUSTRIAL COMMODITIES - -- Marketed production of nat- up. ural gas reached a new high of in 3,918,686 million cubic-fee- t 1945, 6 per cent above the 1944 record, according to the Bureau of Mines, U. S. Department of the Interior. The principal gains in output were reported in Texas (186 billion cubic feet), Oklahoma (47 billion),. New Mexico (17 billion), and Louisiana1 (8 billion). Production declined materially in Kansas and in the Appalachian region. Complete PETT URE, Members Sail 131 MAIN ST. fork Slack IE MINING STOCKS TO ALL MARKETS v Ogden H. E. HAVENOR & CO. 619 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH MEMBER SAL1 LAKE STOCK EXCHANGE INFORMATION FURNISHED ON UTAH COMPANIES ORDERS EXECUTED ON ALL EXCHANGES Telephone 57 ' For a Nominal Cost Exchanges klEHEi. BLDQ. Sail Laka j' J. H. DAVIS Phone, Write or Wire 1750 Pork St. Salt Lake City PHONE , i Ameri- political picture today makes immediate suspension of the $80-a-ttariff on copper a vital necessity, C. Donald Dallas, president of Revere Copper and Brass Incorporated, said today and added that any move to defeat suspension in the Senate is a blow at national security. .The Patterson bill, calling for suspension of the copper tax until March 31, 1949, was passed by the House March 12 and sent to the Senate and is now being considered, by the Senate Finance committee. The bill previously provided for a three-ye- ar suspension. A' compromise amendment, providing for a one-ye- ar of the excise tax and a measure that is expected to be advocated before the Senate Finance .committee this week will merely reproduce next year the emergency conditions now existing, Mr. Dallas declared. American post-w- ar recovery depends largely on large and continued supplies of copper at least until 1950, Mr. Dallas added. Mr. Dallas pointed out that there is also a movement in Congress for a subsidy for the small high-co- st copper mines in western states. Strong opposition to the suspension measure by senators from western mining states has been freely predicted on Capitol Hill. Senator Eugene Milikin of Colorado is chairman of the Senate Finance committee where the bill now rests and the Democratic senator . from Colorado, Edwin .C. Johnson, is also a. member of the committee. The solution is. to work for full production, not control of the copper industry. If it is necessary to give subsidies to small mines, then let them, have - them as we did during the war. That will keep them, in production and help maintain prosperity in the western states, Dallas said. on Ohio Copper 500 at 16. Park City Con 1100 at 46. Rico Argentine 500 at 1.40. Silver Shield 1000 at 5. Silver Btd. 8000 at Tintic Lead 1000 at 35. Tintic Std. 200 at 2.37. Cons. Eureka 500 at 2L a Y. cas Chief Con. 700 at 1.50. Lakeside Mon. 1000 at 11. Leonora 2000 at Little May 2000 at Croft . Crown Point Silver Fabricators Oppose Tax On Copper N. . Union Chief, 1000 at 6. West Toledo, 2000 at 6000 xlndlcates operating companies. xCommonwealtb Lead a a xDragor Bait Crown Point . . xEast Standard . . . Bait Tin tic Coalition 35. Central Btd., 1000 at 9. East Crown PL, 10,000 at 4. Indian Queen, 11,000 at 2V. Park Konold, 500 at 11. Park Premier, 1000 at 8. Hew Bullion Cardiff Central Standard . i o a a a a a a a xChief Con xClayton Silver .. xColorado Con. . a a a a a a Columbua RexaU Combined Me tali at at S. 100 Yankee, 1000 NON-OPERATI- Exchange Quotations xHorn April 4, 1947 The Western Mineral Survey, Salt Lake City, Utah 4 i 7-45- 54 . 1 : |