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Show 4 The Western Mineral Survey, Salt Lake City, Utah Metal Supply Demand For Platinum Situation On Improve Tops Supply the mateExcepting copper, rials situation continues to im- prove, according to E. & M. J. Metal and Mineral Markets. However, use of all metals remains abnormally high. Consumers have asked that allocations of lead be ended. Lead scrap receipts have been heavy. National Leads pigment division has discontiuned allocation of titanium dioxide. Cadmium stocks have been increasing. The Senate has confirmed the nomination of EUis G. Amall as director of price stabilization. OPS authorized an upward adjustment in ceiling prices of zinc-badie castings, effective se February 19. The Petroleum Administration has eased Its restrictions on use of tetraethyl lead, March 1. Supplies of lead and other materials are more plentiful. COPPER 24& Valley (export 27c.) Fabricators will obtain more than 100,000 tons of copper this month, based on sales to date of about 85,000 tons. The figures of Copper Institute furnished a surprise in revealing that fabricators obtained 130,430 tons of copper (hiring Year-en- d inventory January. compliand shipping problems cations accounted for the bulge from 119,511 tons delivered in December. The Chilean situation continues to attract wide interest Various proposals have been made to. maintain Chiles extra revenue from its copper sales, but so far nothing definite has been agreed upon. There has- been - talk of substituting a rather high export tax. LEAD Y. 13c. N. (f.a.s. Gulf Producers and consumers hope that for early action by NPAalloda-tions all with would do away because of the improved supply outlook. NPA officials are expected to come up with a decision next month. The industry was disturbed on receipt of news that the British agreed to sell 30,000 tons of for delead to the United States ' next four over the livery months. The metal will go into the stockpile. The need for dollar exchange is said to. have prompted the deal. In an election to determine the bargaining agent for employes of St. Joseph Lead company in southeast Missouri, the vote was 1441 for the CIO Gas and Coke Workers Union, 901 for Mine, Mill & Smelter Workers Union (left-windominated) nad 39 declared void. This is a serious blow to Mine, Mills k in hopes of staging a come-bac-lead-zinc the Missouri Valley, areas. Sales of lead in the domestic market for the week totaled 2395 tons. ZINC 19 c. E. St. Louis (foreign 19-19c- .) ' . g 22-2- 2 c) The earlier supply situation in the domestic zinc market centers largely in the grade. Galvanizers are still absorbing about all of the metal that they can get Use of zinc in. die castings in 1951 was estimated at 226,000 tons, which compares with 281,000 tons in 1950, according to the American Die Casting Institute. The domestic market was firm on the basis of 19c. for Prime Western. Mexican zinc was available at 22c. f.ajs. Gulf ports, May shipment die-casti- Tltf $1.21, N. ng Y. Indonesia is ready to compromise on the price of tin un-- Although the output of 14,642, fine ounces of silver from Idaho mines in 1951,' was 9 per cent less than the record high production of 16,095,019 in 1950, the State continued to maintain its rank as the nations leading silver producer. Approximately 68 per cent of the State total silver was recovered from silver ores and nearly 30 per cent from zinc-lea- d ores; the remainder was contributed by gold ore, copper ore, zinc ore and cold slag, and by dredging operations. The Sunshine Mining Co., operating its own and the properties of six other mining companies, was the largest silver producer in the State in 1951; it Was followed in order by the Bunker Hill and Sullivan Mining and Concentrating Co., Silver Summit mine of Polaris Mining Co.. Trumptti Mining Co., Page mane of the Federal Mining and Smelting Co., Day Mines, Inc., Sullivan Mining Co.s Star mine, the Federal Mining and Smelting Cos Mjoming mine, Bradley Mining Co.s Yellow Pine mine and the property of Clayton Silver Mines. Nearly 91 per cent of the total silver was recovered from mines in the Coeur dAlene area; the remainder came largely from the Warm Springs district, Blaine County, the Yellow Pine district, Valley County and from the Bayhoifee district, Custer County. COPPER Copper production in Idaho was lower, in 1951 than in 1950. The smaller output was due mainly to a reduced production of the silver ores from which most of the copper was reThe covered as a principal producers of copper in 1951 were the Sunshine Mining Co., Polaris Mining Cos. Silver Summit mine, Triumph Mining Co. and Coeur d'Alene Mines Corporation. Small amounts, of copper were recovered from the zinc-leaores produced from all of the mines in the nearly Coeur dAlene area and from the 200 by-produ- ct. . d gold and ores. gold-antimo- ny LEAD Lead production . in Idaho (79,783 short tons) in 1951 was considerably lower than in 1950 when 100,025 short tons were produced. The decline was due both to the closing of all of the mines for nearly linger zinc-lea- d near Wlallace, Sidney group of Sidney Mining Co. south of Kel- logg, Tamarack and Sherman mines of Day Mines, Inc., and the Constitution mane of the Spokane-Idah- o Mining Co. on Deep Creek. The mines listed supplied about 84 per cent of the State total lead. Spokane Stock Exchange REGISTERED STOCKS at decreased to about 79,800 short tons or 8,090 tons less than the 87,890 short tons produced in 1950. The Star mine of the Sullivan Mining Co. ranked first among Idahos zinc producers, accounting for nearly 24 percent of the State total zinc. Following the Star were, in order, the Bunker Hill, Page, Morning, Sidney, Tamarack, Constitution, the old slag dump at the Bunker Hill and Sullivan Mining and Concentrating Cos, lead smelter, Carlisle mine of Day Mines, Inc. and the Frisco mine of the Federal Mining and Smelting Co. These 10 properties, all in the Coeur dAlene region, produced about 84 per cent of the total zinc output. All of these mines or produced d ores. Shoshone County C oeur dAlene region remained in first place as the largest silver producing area in the United States. The mines In the county, besides producing nearly 91 per cent of the State silver, contributed 92 per cent of the lead, 96 per cent of the zinc and 66 per cent of the copper. Gold production in the County decreased from 3416 fine ounces hi 1950 to about 1700 fine ounces in 1951, silver from 15,056,131 fine ounces to 13,279,000, copper from 1895 short tons to 1310 short tons, lead from .94,697 short tons to 69,000 short tons and zinc from 86,102 short tons to 76,700 a zinlc-lea- at 100 1.82, 100 1.85. Silver Summit 100 at 2.01, 100 at at 2.01. Sunset Min. 500 at 44. INTERSESSION Registered Day Mines 200 at 3.25. 1951 zlno-lead-eilv- er Lucky Friday 2.01, 100 ZINC zinc The output in Idaho in 24. 54, 500 at 200 Grandview 1000 at 2000 2000 at at at 57, 55, Lucky Friday 200 at 1.80. 2000 at 18. Met. A 500 at 700 2000 at New Hilarity Golconda 52. 17, at 5. Polaris 100 at 5, 4.20, 50 at 4.20. Silver Summit 100 at 2.05. Sunset Minerals 1000 at 45, at 45, 200 at 45. 350 United LZ 4000 at Unlisted 7. at 23.50. Bunker Hill-1- 00 Pend Oreille 100 at 7.95. Sidney 250 at 3.50. OVER-THE-COUNTE- UNLISTED STOCKS 24.00 23.35 Bunker Hill 3.20 Callahan 30. .51 .42 McGillivray 12.50 10.50 New World 8.1D Fend Oreille ........ 7.85 3.60 3.42 .... Sidney Water Power ....111.00 113.00 .03 .03 White WJater MARKETS Tuesday, March 4, 1951 . Tht following quotstlons art from Information obtained from Tht aaeurltlH art nelthar listed mitted for trading brlrteges oa stcurlties suhangs. compiled broksra. nor ad- sag na-to- nal fiATilM Tuesday, March 4, 1952 BOARD SALES Registered Golconda 500 at Grandview 500 at 25. 53. Lucky Friday Gets Returns From Mill Run mill run whiohi The 8000-to- n short tons. Lucky Friday Silver Lead Mines The value of the five metals completed about a was approximately $63,770,925 company month ago has netted the comin 1951 compared, with a value pany $272,960 in smelter returns, of $64,555,947 in 1950. it was learned this week. Eighteen cars of lead- concentrates brought $260,422 and two. '.cars of zinc concentrates netted $11,638, a company official said. Since completion of the milling the company has been accumulating another stock pile at the rate of about 100 tons per day from mining operations on the 1200, 1600 and ,1800 levels and from development work on fire new 2000 level It now totals between 2500 and 3000 tons: First raise from the: 2000-folevel, being driven just a short distance east of the crosscut from the shaft to the vein, is now about half way to the 1800-folevel above. Completion of this facility will greatly improve ventilation in the workings and open a large segment o fthe vein for mining. - Homestake Mining Increases Hours. Of Working Crew D. Homestake Mining company employees started week wprking on., a March 2. The new work' sched ule, which is expected to improve, tlfe economic stiuatidn of the entire northern' Black Hills, was announced byGuyN. Bjorge ;y--general manager. Under the week plan, the weekly pay of all regular employees will be increased by more than 20 per cen , The company has been on a day, week since October, 1940. The change will add six hours t othe work week with pay for nine hours. Bjorge pointed out the change was made because of the continuing shortage of labor and in hopes that the larger wage earnings will attract more men into the employment rolls. Homestake officials blamed a labor shortage for the 218,000 ton decrease in production during 1951, which resulted in a a reduction of $3,804,000 in company earnings. Lead,S. 48-ho- ur , - 48-ho- ur two weeks in Aug. and September by the labor strike and to a general shortage of skilled underground workers. The Bunker Hill mine remained in first place as the largest producer of lead in the State. Other large producers were, in order; the Page mine of the Federal Mining and. Smelting Co., near Wallace, Star, mine of the' Sullivan Mining Co. at Burke, Morning mine of the Federal Mining and Smelting Co. near Mullan, Sunshine Mining Co. (Sunshine operated mines), Triumph Mining Cb. in Blaine County, Day-roc- k mine of Day Mines, Inc., der its new contract to the exThese quotation! furnished by J. tent that- $1.18 will be accepti Company. 132 South Main able in the first year, with ad- Rosie Salt Lake City. Utah. justments for later years, ac- AR American Smelting ,948 . 49 Chipper cording to unofficial reports. AHMAnaconde Homestake Mining 36 ft The deal call for 60,000 tons of N International Nickel 45 PD over a three KN Phelps 74 Dodge tin to be delivered Kennecott Copper 80 year period. Under this plan rhe UTP Utah Power & Light 30 $1.18 settling basis on British tin would not have to be disturbed. A representative of the Belgian Congo producers is expectiraMuoni lanuuira dj Merrill Pearce. Fenner A Beane, 23 Bast ed to arrive in Washington Lynch, Second South 8t Balt Lake City, Utah. Bid shortly for tin discussions. Amalgamated Sugar Pfd. I 9.40 U. S. consumers got 412 tons Pint See. Corp, Class A 93.80 22.75 BS of tin from RFC last week, Mountain Fuel Utah Fin Clay 19.80 Utah OU Refining raising the total for the month Utah Southern Oil to 3690 tons. wnrt 79.00 7-h- 42-ho- ur . March 7, 1952 Eastern Stocks - . . Industrial Stocks . ns ot ot Climax Moly Climax Molybdenujn company directors have declared a dividend of 50 cents a share, payable March 31, record date March 14. This dividend totals $1,260,000. H. E. HAVENOR & CO. 529 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH Member Salt Lake Stock Exchange Information Furnished on Utah Companies Orders Executed on All Exchanges Telephone 3-3- J. A. HOGLE & CO. Member Salt Lake-Spokane-N- ew York Stock Exchanges WE SPECIALIZE IN MINING STOCKS Loans Made on Listed Mining Securities 132 MAIN ST. 5 WALL ST mciMlCTi BLDG. 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