OCR Text |
Show s April The Western Mineral Survey, Salt Lake City, Utah Availability Of Metals On Improve With the government increased to 19te E. St. Louis (for again stockpiling lead, the price situation here is expected to show no change this side of July, according to E. & M. J. Metal and Mineral Markets. Indonesia h?s dosed a deal to supply the U. S. with a substantial tonnage of tin on the same terms fixed in the British agreement. GENERAL DPA Chief Fleischmann announced that the government plans to remove most of the controls from commercial and in- dustrial construction during tire third and fourth quarters of 1952. He also revealed 11,524 tons. that con- trols will be removed from some forms of carbon steels in the fourth quarter, and all controls may be dropped from aluminum in the first quarter of 1953. But there are no plans to ease the regulations on copper. Controls on use. of cadmium were modified last week, as expected. Antimony ore and metal have weakened in most foreign markets. Foreign metal was available at 44. COPPER 24 c, Valley (export 27c) During the first two months of 1952 fabricators obtained 235,225 tons of copper against 207,163 tons in the same period a year ago. The statistics for February showed no marked change. LEAD 19c N. Y. (f.a.s. Gulf 19c) The U. K. last week sold long tons of lead to the U. S. for delivery over the hext five months. This makes a total of 53,000 tons that the British have sold to this country so far this year. All of this metal will go into the stockpile.. It has been acquired at our ceiling price. In addition, it is known that the stockpile has absorbed large tonnages from other foreign sources in recent weeks and private estimates claim a total acquisition from British and other sources of tons or more. Naturally, this buying has exerted a stabilizing influence on the price . 23,-0- 00 21 -- 22c) Booms Salt Lake Stocks Though Washington officials hold that zinc allocations on a three months basis will apply only against foreign business, operators here hope that the privilege will be extended to domestic consumers. Demand for prime western was fairly active, with some of the other grades showing a more or less spotty pattern. Foreign business was quiet TIN $1.21 Continued from page so far. These companies N. Y. N. Y. Business was limited chiefly to small lots and quotations remained unchanged at $207 'to $210 per flask. Estimates on 1952 consumption in this country vary considerably, ranging all the way from 40,000 flasks to 60,000 flasks. This makes it impossible to form an opinion on the outlook that would be more than a wild guess. One authority estimates that production in this country at present is averaging around 1000 flasks a month. SILVER 88c N. Y. (London 77d) The British have tightened up their controls on exports o fsil-vto stop possible leaks in foreign exchange transactions. Demand here during the week was moderate and the price unchanged. Oil & Mining Company), Williston Basin Oil Ex- Trans-Unio- n ploration Company (formerly Pioche Bristol Mining Company), and West Toledo. .Companies that have been strictly oil companies since listing are as follows: Crescent Eagle Oil Company, Mountain States Development g ConCompany, solidated Oil Company (producing), Oil Securities Company, and Sundance Oil (producing). er Utah-Wyomin- world, with too many trying to take. 69,-0- 00 In spite of the uncertainty There is the greatest satisfac- tion in doing the things that are as to the effective price, there has been an active and successmost honorable. ful upsurge in tungsten prosstructure. Domestic consumers were in It is just as impossible to vote pecting and production in the the market for good tonnages wrong into right as it is to vote past year. Of the large mines of April lead. Sales for the week right into wrong. that were working from 1941 to 1944, United States Vanadium Company at Pine Creek, Calif., is adding to the cafpaciljy of its digester" plant for making ar- and is milling of custom ore ore output is completion of an underground shaft. Nevada Massachusetts Company and Getchell Mine, Inc., in Nevada, are opening up new ore and promise to equal their large production during the war. The Nevada Scheelite Co. near Rawhide, under new ownership and the Ima mine of Bradley Mining Company in Idaho have carried on development that will extend their life and production. Surcease Mining Company now operates the old Atolia mines under lease, and by ingenious new treatment methods is maintaining a good production from material, both in hard rock and in placers, that was formerly thought to be worthless. Wah Chang Corporation has taken over both the Lincoln mine at Tempiute, Nev., and the Black Rock mine north of Bishop, and has added greatly to ore reserves at both mines by diamond drilling. The mill of the Northumberland mine near Tonopah is being moved to Tempiute and adapted to concentration of tungsten ore. The Yellow Pine property of Bradley Mining Co., where the tificial scheelite, a large amount while its own limited pending . QSD) GfltSEP In peace or war it has never been little, too late." More than a year ago, Tintic proper- ties in Texas and will shortly makp a full statement of acquisition of considerable acreage in the Uintah Basin, Eureka Standard acquired acreage in Texas three or four years ago. Both these companies are in production. Recently the following companies issued' detailed reports on their potential oil acreage: Madison Mines, Oil Securities, Leonora; Little May, North Standard, and Williston Basin Oil & Exploration Company. There are a few oil companies not listed that have attracted considerable attention because of their oil holdings. They are: (currently Oil, Incorporated 403,-0with around $5.25, selling shares outstanding. Has acreage in Eastern Utah, Wyoming, the Williston Basin, etc.); Grand Uintah (currently quoted at 25c. Carter Oil Company is drilling on their in Jacks Canyon. property the Uintah Basin in Holdings and Montana have attracted considerable interest); Ashley in Valley (selling at Oil (selling production); Equity around with considerable production in the Rangely area, and Utah Southern Oil (company is drilling tests in Northern Utah and elsewhere). With major oil companies definitely announcing programs that will mean the spending of 00 con-sidear- ble 38-39- c: to $60,000,000 $75,000,000 Uintah Basin and southeastern Utah, a demand has been built up for opportunities to participate in this exploraton program. Companies holding leases or fractional interest in royalties and leases, are likely to benefit in new fields are brought in as a result of this gigantic expenditure by the major oil companies. Purchaser should realize the speculative risks involved. too UTAH POWER & LIGHT CO. . high-grad- scheelite ore e The NEW ORLEANS, La. sulinternational acute present phur shortage is expected to be ayerted by the discovery of the largest single sulphur deposit) found anywhere in the world in nearly two decades. The new find at Garden Island Bay dome, 100 miles southeast of New Orleans in the Louisiana was recently anmarshes nounced by the Freeport Sulphur Company, with whom the Texas Company has entered into an agreement. No man can avoid his own company, so he had better make it as good as possible. -- Goldfield Con. Nev. GoldWINNEMUCCA, field Consolidated Mines Co. and Carson City associates are reported planning development of extensive tungsten deposits near Denio, leased and optioned near Denio, leased and optioned a few months ago from George D. Mathewson, Goldfield Consolidated also holds a lease and option on the nearby Pine Forest and Vicksburg mill sites. The tungsten property is the defense group of three claims, about 20 miles southwest of wouldnt worry about what people think of you if you knew how seldom they da You WESTERN MINERAL SURVEY in the Substantial Gains Shown In Production of Tungsten Its give and take in this . in- I 'standard acquired oil Silver King Coalition, Park Utah, Rico Argentine, Chief Consolidated, Clayton Silver. Dragon, East Utah, Miners; Commonwealth Lead, Gold, Silver King Western, Tintic Standard and Park City Consolidated. The prime movers being affected in the present flurry are chiefly the result of their acquiring acreage in wildcat oil areas in the Uintah Basin and southeastern Utah, as well as in Wyoming, and even as far as tile Williston Basin in Canada, Montana and the Dakotas. Some of these companies held acreage that had an oil potential, but these holdings ate now being played up and talked about because of their nearness to drilling operations. HOLD OIL LEASES The companies that have acquired, or given indications that they intend to acquire, oil leases are as follows: Croff Oil Company (formerly Croff Mining Company), Little May, Leonora, Madison Mines, Magnolia Lead & Oil Co., (recently changed management and has become interested in the acquisition of oil leases), Miners Nevada Metals (will Gold, change name), Royston Coalition, South Standard, Union Chief (will change name to ar 0 1 clude! Indonesia has agreed to sell to the U. S. 18,000 long tons of petin a year over a three-yearbasis settlement The riod. f.o.b. $1.18 is at rived per pound port of shipment. The price is identical with that named in the British deal announced in January. It is equivalent in the New York market, which is set by the RFC. High-cos-t producers, situated in Bolivia, were disapmainly over the price accepted pointed The BoliIndonesians. by the been have making a vians a for higher price. strong plea Sales of tin by the RFC during the last week totaled 425 tons. QUICKSILVER $207-$21- New Sulphur Deposit Utahs Oil Development ZINC 4, 1952 body East 1st South or Telephone: 22-2- 4 65 45 Entered m aecond clue matter at Balt Lake City, Utah, under Act of March 3, 1879 Subscription Rates: $4.00 for two years, $2.50 for one year and $1.50 for six months. Please mention Western Mineral Surrey when writing to advertisers. Advertising rates on application. L. M. HILL, Business Manager All the news of the development of the Intermountain Section, published by The Western Mineral Survey. All news appearing In the Western Mineral Survey Is obtained from sources believed to be reliable, but no responsibility Is assumed for accuracy of Legal Notices The Western Mineral Survey that saved the tungsten situa- is qualified as a newspaper to tion during World .War II was publish Legal Notices, having exhausted in 1945, is again in been approved in the Third Disthe ranks of leading produc- trict Court of Salt Lake Coun- ers due to scheelite recovery ty, State of Utah. from antimony ore and from glacial detritus. Probate & Guardianship Several new tungsten mines Notices have become important. The largest is the Haile mine of Further Information ConTungsten Mining Corp., near jFor sult the Clerk of the District Henderson, N. C., where Court or Respective Signers. ore bodies were found NOTICE TO CREDITORS and brought to production too Of w. PRANK LISTON, Deceased. late to help greatly during the Estate Creditors will present claims with vouchers to the undersigned at 1008 Kearns war. Now Tungsten Mining Building, beSalt Lake City, Utah' on 19th day of May, A. D. jr Corp. is second in production fore the MARGARET R. LISTON, Adminrate only to United States Vaistratrix of the Estate of W. Liston, Deceased. nadium, and construction that Date Frank of first publication March 14, is approaching completion will 1952. D UCE, Attorney for Admin nearly double the output A istratrix. long life is assured. A second or j. C. JENSEN, sometimes known important new producer is Cli- Estate as JENS CHRISTIAN JENSEN. Demax Molybdenum Company, ceased. s Creditors will present claims with where recovery by byprcduct to the undersigned at 1010 Boston minerals has Balt Lake City, Utah, on or betungsten placed Building, 17th day of May, A. D. 1952. this company well within the fore the CARL C!. HERRICK. Administrator of Estate of J. C. Jensen, othfirst ten in the list of domestic erwise known as Jens Christian tungsten mines.' (From a reJensen, Deceased. Publication March 14th, cent article by Ira B. Jorale-mo- n, k. DAt,2-lr,t D. .DEE TAYLOR. neff Attorney for Adconsulting engineer, of ministrator. San Francisco. low-gra- de hub-neri- te 19-- 2. . vouch-Br- Nowadays the ordinary man has to do a lot of high thinking just to get a plain living. Most of the trouble in the world is produced by those who never produce anything else. NOTICE TO CREDITORS of JANE ELIZABETH OWEN HESS, Deceased. Creditors will present claims with vetch-er- a . to the undersigned at 1010 Boston Salt Lake City, Utah, on or 17th day of May, A. D. 1952. ORLAND HESS and HENRY REED HESS, of estate of Jans Elizabeth Owen Hess, De ceased. x of first publication March 14th, k. D. 1952. AtotalsIffiJAYLR Att0rnBy l0F Co' The man who has money to notice to creditors bum always has a lot of hangerHYRUM J. SMITH. Deceased, !& Creditors will claims with present s-on ready to light the fire. undersigned at 920 Contlnen & vouch-SI- Having the right of way at an intersection wont help much after the undertaker takes over. ? Utah, BuUdlngSalt Lake before the 22nd day of City, July, A. D. ROLLIN C. SMITH Admlnlstra-Vt?- r the Estate of Hyrum J- - Smith. Deceased. Date of first publication March 21, onor |