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Show Tha Western Mineral Survey, Salt Lake City, Utah L S. Lone Prospector Started Australian Gold Activity One of the romances of minerals have now been Stock Exchange Quotations great Australian mining is the story of the Broken Hill property, which began with the discovery of silver-beariores in 1876. A few years later production declined until a sheepherder staked a claim for an outcrop which he believed was a mass to tin oxide. Preliminary work revealed that it was low-gralead ore, and interest flagged until silver chlorides were no- April 11, 1947 Unlisted Stocks iden- furnished by (Nominal ' quotations Richard C. Badger Company, 310 Kearns Silver Dollar B Building, Balt Lake City, Utah). Park City, Utah Asked Bid 3.05 3.25 Silver Syndicate 4.75 4.37 Bingham Development Equity OU .05 .04 Madison Minn tified in the Broken Hill lode. Today Australia is the second largest world producer of lead-zin- c, which it mines at Broken Hill and at Mount Isa and Captains Flat. The richness of the gold fields le warranted the laying of a pipeline to carry water to the section and, in the first dec(These ' quotations furnished by J. A. ade of the 20th century, Austra- Hogle Company, 132 South Main Street, lian gold production reached an Salt LakeCity, Utah). all-titiced. high of 33,434,000 fine AC Anaconda. Copper 39 ounces. After the Australian Mining then began in earnest, pound was devalued in terms and a railroad was built to con- of gold in the early 1930s, gold nect with the South Australian production again increased and asgovernment system. Closely at the of war in 1939 outbreak sociated with the silver ores was triple that of Aeked Utah Oil Refining were found large deposits of production Bid Utah Power ft Light 10.75 lead and zinc. In all, some 112 1931. Amalgamated Sugar Com.. 10.25 Z. C. M. 1....: . ng FRIDAY, APRIL 11, 1947 Read-Rosebe- ry, 300-mi- de - me Industrial Stocks Daily Output Lakeside Mon., 500 at 10. Mammoth, 200 at 50. 4. Rate of Lead Records Gain Moscow 1000 at New Park, 200 at 1.80. Park City Con.. 500 at 47. Plutui, 500 at 34. Silver Shield, 6000 at Tin tic Btd., 200 at 2.25. Weat Alloys, 1000 at 3. 5. The average daily rate of lead production from domestic mines in February reached the highest level since November . 1945, according to the Bureau of Mines, United States Department of the Interior. Although the total net production dropped 6 per cent owing to the shorter month, the average daily output increased from 1015 tons in January to 1055 tons in February. Advancing prices and a continued heavy demand for lead were largely responsible for the expanded rate of output in February. The month opened with lead at an all-tihigh of 13.00 cents per pound, New York, from which level it advanced to 14.00 cents on February 25 in order to meet increased quotations in the foreign markets. The average daily rate of output in the combined Western States increased from 537 tons in January to 560 tons in February. Every state except Arizona and Nevada increased its daily rate of production in February. In Idaho the daily output surpassed that for all months since April .1945, and in Utah the February production indicated an . average daily output greater than in any month since NON-OPERATI- 3. 3. Bingham Metals, 1000 at Bullion, 9000 at 3; 2000 at Cardiff, 1000 at 10. Central 8td.r 3000 at 9. Croff, 2000 at xlndicatei operating companies. 3. THURSDAY, APRIL 10, 1947 OPERATING Bristol Silver, 500 at 15. Chief Con.. 100 at 1.60. Combined Metals, 500 at 28. Grand Deposit. 2000 at 5. New Park, 300 at 1.75. 15. Ohio Copper, 5000 at Plutus. 300 at 37. Prince Con. 2000 at 27. Rico Argentine, sOO at 1.40. TlnUe Standard, 400 at 2.25. at Oil, 4500 Utah-Wy- o. 10. Western Alloys, 12,000 at 3. me NON-OPERATI- Bullion, 1000 at 3. East Crown Point, 10,000 Park. 2000 Uhlon Chief, 7000 Nelson, at at at 8. 4. 5. WEDNESDAY, APRIL 9, 1947 OPERATING Consolidated Eureka at 1000 20. East Utah 200 at 86. Orand Deposit 2000 at 5. Lakeside Monarch 1000 at 10. Nevada. Metal 3000 at New Park 400 at 1.75. 6. Rico Argentina 200 at 1.40. Silver Standard 5000 at Tintic Standard 300 at 2.30. 4. NON-OPERATI- Cardiff 500 Union Chief West Toledo x Indicates at 10, at 8000 3000 at 1500 at 5. 4. 10. operating companies. 200 at Petroleum Demand 87. Eureka Lilly, 500 at 41. New Majestic, 1000 at 3000 at Silver Shield, 10,000 at SUver Standard, 5000 at Tintic Lead, 700 at 35. Tintic Standard, 300 at 2.35; 200 2:30. Western Alloys, 2000 at iAmil. Bug. Pld. Con. Wig ft Mach. xNat. Tun; ft Mines xUtah Fire Clay xUtah p. ft L. Com XZ. C. M. L 11.12 11.75 10.00 40 1.15 64.00 21.50 102.00 10.25 .... .50 1.37 69.00 22.00 107.00 OPERATING 16.50 Career of Famous Wildcatter Closes ': . . t. Columbus M. (Dad) Joiner, 87, famous Texas oil man who struck the worlds greatest oil field in East Texas in. 1930, died March. 27 .in a Dallas, Texas, hospital. He died at 10:40 p.m.He had been admitted to' the hospital late, the previous Sunday afternoon. ; Joiner was bom On a farm, where he. spent much of his boyhood. In early life he entered the mercantile business in Tenn. His first venture in the ' oil business was profitable. He got an oil lease and sold it for $25. The lease later produced more than $6,000,000 and it launched his career as one of the most colorful figures in the country. In 1913, Joiner drilled his first well in Seminole, Okla. In the years that followed, he gained fame and wealth and probably sunk a hundred more wells in search of the fabulous black Law-rencebu- rg, . gold. The one the world remembers best, however, was the Daisy 3. NON-OPERATI- 27. at 54. 7. . 3. Utah-Wy- o. INDUSTRIAL PAINTING Complete Equipment For Spray or Brush Jobs Insure the Life of Your Equipment NON-OPERATI- 4: 9. 2. RETT URE, STOCKS fir COMMODITIES MORRIS BONDS MEMBERS Salt Lake Stock Exchange Chicago Board Tkado WWW:KRCITY. UTAH Chicago Mercantile Exchange IDAHO rALLS. IDAHO 411 B STREET IS EAST 2ND SO. and Buildings For a Nominal Cost J. A. HOGLE Members Sail J. H. DAVIS Phone, Write or Wire 1750 Park St. Salt Lake City PHONE 74554 1 Lake-Ne- w CO. & fork Start Exchaagee WE SPECIALIZE IN IdNINO STOCKS PRIVATE WIRES TO ALL MARKETS III MAIN . Texas, the .wildcat that roared a salute to a new era in East Texas. It marked the climax of a three-ye- ar search for the big strike in that area. The first producing well In the' East Texas oil field was brought in by Joiner. Oct. 3, 1930, near Joinerville, about 10 miles from Overton. Its flow was about 400 barrels per day. Joiner played a hunch in East Texas, he said in late years. He drilled two holes, but they were dry. The best geologists of the country in those days said there was no oil in the area. ' But even the first two dry holes did not discourage Joiner. He drilled a third one, poor-boy- ed it, as the oil field term goes, and oil gushed to the tops of the tall pines in East Texas. Joiner's East Texas discovery well was drilled on land condemned many, times by geolo-- of the major companies.' Following its discovery came P1 greatest campaign in the history leasing of the industry The Oil News. so-call- ed American Oil Operators Explore Lower Formations . Clayton Silver, 100 at 52: 500 Combined Met., 500 at Coni. Eureka, 500 at 20. Sait Btd., 2000 at Sait Utah, 300 at 86. Eureka Lily, 800 at 41. Orand Deposit, 1000 at 5. Street, Salt Lake City). The petroleum industry en6. tered 1947 with potential demand for its products even higher than at in 1946. Demand for all refined American oil operators have 1947 is estimated groducts U.forS. Bureau of Mines spent more than $100,000,-00- 0. 2010 million barrels. That is at ' Crescent Eagle, 1000 at 15. exploring the strata below 4 per cent above 1946 and 26 Oreat Western, 1000 at 9. feet in the United States 12,000 cent Park Nelson, 3000 at 8. ' per higher than in 1941. xlndicatei operating companies. . in their search for petrQleum. A Negro preacher asked his The 326 wells in this MONDAY, APRIL 7, 1947 deep congregation: 'What is the best class cost from have drilling life? in OPERATING thing Combined Met., 2000 at 27. Deacon Green arose and said it $89,000 to more than $1,000,000 Eureka Lilly, '900 at 42. was fried chicken.. Then he spoke per well with an overal average East Utah, 600 at 85. Lakeside Mon., 500 at 11. for several minutes on of $250,000 according to a surglowingly Leonora, 1000 at the virtues of the same. Little May, 2000 at 4. vey in The Petroleum EnNorth Lily, 1000 at 73. Deacon Brown then arose and Ohio Copper, 1000 at 16. said that, while Deacon Green gineer by Ernestine Adams, asPrince Con., 500 at 28. Rico Arg., 600 at 1.40. had a mighty good subject, he sociate editor. SU. Shield, 9000 at 5. was sure the audience would For the 106 deep wells drilled Oil, 1000 at 10. Western Alloys, 2000 at 4. agree that watermelon was the in 1946, the average rose to $337,-00- 0, Wilbert, 1000 at 4. very best thing in life. He folreflecting the sharp upturn lowed this statement by. a speech 3000 Bingham Metals, 1000 at in costs. Less money, is 'required some which lasted time. at 4. Sister Mary, in the rear of the to drill deep in the swamplands Cardiff, 2000 at 10. Central Btd., 1000 at church, slowly raised to her feet of Louisiana, which has 114 wells Indian Queen, 2000 at Royston Coal'n, 1000 at 7. Parson,, she said, you better below .12,000 feet, an SU. King West, 100 at ,70. costing this argument before some stop Union Chief, 1000 at 6. of nasty-mind- ed average Californias $230,000. rascal gets up and West Toledo, 6000 at. 4. 84 deep wells average $333,000 xlndicatei operating companies. tells the truth. and the 66 in Texas run about 6;4. 4. xUtah Id Bug. Fid. Unlisted Stacks 10.15 57.00 June' 1944. TUESDAY, APRIL 8, 1947 OPERATING East Utah, Amalgamated Sugar Pfd.. 9.85 First Sec. Corp. Class A. 55.50 Mountain Fuel ...16.00 14.50 15.25 Com.21.75 22.50 103.00 106.00 (Furnished by Edward L. Burton ft Company, April 10, 1947, 160 South Main St. CIESEL Sail Lake SUMS, Ogden H. E. HAVENOR & CO. 619 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH MEMBER SAL1 LARI STOCK EXCHANGE INFORMATION FURNISHED ON UTAH COMPANIES ORDERS EXECUTED OH ALL EXCHANGES Telephone 3-3- i4G, striking evidence of t trend in petroleum search. The deepest hole at present In . Caddo County, Oklahoma, Superior Oil Comppany: No. Weller, which recently went b low the . 1946 record of 16.6 1 feet made by the Pacific Wei ern Oil Corporations deep tf In Kern County, California. Re deepest well. is held by Shell producii Oil Cor pany, Inc., No. 2 Smith-St- al Iberia Parish, La. It had an ir tial production. of 454 barrels oil and 587,000 cubic feet of a a day from 13,778 feet. There is less difference today between, the record hole ' and record deep production than there was in 1935 when, the drill first passed 12,000 feet. Production at these depths has been discovered in Louisiana," California, Texas, and probably Mississippi. quantities $361,000 each. of oil and gas have been found Despite high costs, number of in other sections. deep wells has increased greatly The spirit of pioneering in in the last four years: 17 in 1943, deep drilling is spreading to more companies and more areas. Until 1946 there were 39 .com- panies owning wells drilled two and one-thi- rd to three miles EXPLORATION into the earth. The number grew to 61 operators in 1946. Also in OPPORTUNITIES 1946 Wyoming got its first' deep well, Venezuela got its first and Do you want to investigate second, and Ecuador was added the list. Now 10 states have the Virgin ground adjacent to 318 deep wells and the other to dr near the productive eight are. in Canada, Venezuela, areas of the Tintic District, Ecuador and Germany, . Non-commer- cial . : Utah? Some' ground already claimed, other areas open far location, ideal for geophysical surveying and core drilling. Will act as field scout for percentage or set price. T. A.GUSTIN Box 334, Eureka, Utah i . WANTED noctive stocks, real estate, other investments. Cash or trade. LAWINSKY 140 Russ St., San Francisco |