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Show OF U JITY 1 LIBRARY 'Y V. 1 METAL PRICES w Features Alining, Oil, Financial TT VOL. 23, XO. 26 r Salt Lake City, June 27, 1952 The scouting division of Carter Oil Company, northwest division, has released the follow- drilling news ing summary of . for the week: Ute Tribal C No. 1 (located in Roosevelt Pool in SW SW, Core No. 5, at Sec. 16-1S-1- 3 feet, recovered 59 ft. Core No. 6, at feet, recovered 55 feet. A drill-stefeet, retest, No. 1, at covered 1580 feet of water cushion; open 1 hour, it had a good blow immediately to dead in 40 minutes; recovered water cushion, 5 feet, of oil, plus 25 feet of drilling mud. Core No. 7 at feet, recovered 51 feet; test beand a second drill-stetween feet, open one a had hour, very weak blow for 10 minutes, then dead; recovered 1200 feet of water cushion. 5742 feet of drilling fluid, valve on test tool cut out when coming out of hole. Total depth 9239 feet Crews are preparing to deepen. G. E. Houston No. 1 (located in Roosevelt Pool in SE SW, Crews drilling Sec. at 3706 feet. Ute Tribal B No. 1 (located in Roosevelt Pool in NE SW, Total depth 9954 Sec. total depth, back Plugged '9838 feet Well shut down. Ute Tribal No. 3 (located in Roosevelt Pool in SE NE, Sec. 1 Core No. 11, at 34 recovered feet; feet, 1 core No. 12, at feet; recovered 39 feet. A drill-ste1 test No. 6, between had two gas to hours, feet, open 80 surface in minutes, good the Recovered blow throughout. 1440 feet of water cushion and 3280 feet of fluid, mostly oil cut with mud aid some water cushion, high pour point 26 deRan gree gravity (corr.). Drill-ste9101 feet. TD Schlum at feet, test No. 7 at the to had two gas hours, open with 79 good surface in minutes, Recovered blowy throughout 1440 feet of water cushion, plus 2520 feet of fluid, mostly oil as in test No. 6. Total depth 9101 9074-913- 9133-918- 8 m 8 9188-923- 9 m 9185-92- 39 18-1S-1- ). 8993-905- 28-1S-1- 9051-910- m 9015-910- . m 9050-910- 1 feet 7-in-ch Crews preparing to run casing. H. A. Peterson No. 1 (located Continued on Page 2 Filed Charges Ariz. Four . ties. in unregistered securi- Superior Judge Francis granted temporarily a request by Attorney General Fred O. Wilson for appointment of a conservator to take over assets of the company. Charged with the illegal sales were M. W. Arterburn of Mattoon, 111., president of the company; Mr. and Mrs. W. C. Sebring Sr. and W. C. Sebring Jr. The senior Sebring is vice president of the company. A complaint was filed in suinDono-fri- o perior court here after an vestigation by state and county officials into the sale of the securities, which wer? not registered with the state corporation commission. The company is reported to have holdings in southern Arizona and Mexico. 4 Changes in the regulations which liberalize priorities assistance available to the mining industry were outlined today by Howard I. Young, Deputy Administrator of the Defense Materials Procurement Agency. The new regulations apply to all serialized mine, mill and smelter operators, both domestic and foreign, who have registered with DMPA, and been assigned a serial number for priority and allocation aid under the DMPA program. In an Industry Memorandum to the 3000 serialized domestic operators and in a letter to the United States agents of all serialized foreign mines, Mr. Young pointed out that recent revision of DMPA Order MO-- 7 and National Production Authority Order M-provide: 1. Serial numbers issued by subwas and Mining Company THE MIDVALE PLANT of United States Smelting, Refining the former Defense Minerals ject of unusual ceremonies this week as hon or was paid to a unit recognized as the oldest Administration, to predecessor operating smelter in Utah. During its 50 yea rs of productivity, the Midvale plant has reDMPA, remain valid under the duced some 11 million tons of ore. DMPA program. 2. Minor capital additions up to $5000 per item, to a total of 20 per cent of the producers established quota for maintenance, repair and operaSng supplies (MRO. quota), ay be made with rfietal Striking miners shut down three of Utahs important The limit formerly was $2000. and clay producers, as result of failure of union and company The increase will penfcit purto get together on contract provisions. chase of representatives many items dtf small Over 63,000,000 pounds of eleo shutdown Involved in the y eqpuipment needed in' ( trolytically refined Canadian such as were Chief Consolidated Mines mining operations,' the for tugger-hoistbe will slushers, produced copper shakers, Company, North Lily Mining drifters and for screens, which United States under an agreeCompany and Dragon Consoli- individual applications have Defense the ment negotiated by dated. been required in the past, thus materials Procurement Agency, Chief Cons., one of the major eliminating considerable paper for both industry and the Jess Larson, Administrator of CRIPPLE CREEK, Colo. At producers of ore in Utahs fa- work Government. announced today. DMPA, j the Carlton Mill the best gold mous Tintic Mining District, 3. Special emergency assistProduction of refined copper pouring to date was made last will suspend all operations, ac- ance is now available to domesreadied is to start, under the agreement, week with four bricks a statement made by tic producers in case of to cording The best preworth $117,700. major in not less han two and one-ha- vious pouring was early in May Cedi Fitch Jr., vice president breakdown caused by disaster. 4. Foreign producers years and will reach an when three large bars worth and general manager, in the now annual peak of approximately $93,000 were sent to the U. S. event the company's offer for have 60 days following receipt their serial number in which 37,250,000 pounds. Mint in Denver. contract settlement be rejected. of R. to at its establish their MNO quota, Howard The Government may, Superintendent have we Mr. stated Fitch now the and mill are urged to apply prompthas of or the said Kell all option, buy any Mer-il- l 50 siilce its bars from formula oper- worked out a wage ly, using Form DMPA-28-, gold poured upon companys output mar14 months abouH at the ations began Island facilities which we proposed to the union which all requests for the esor adjustment of ket price, or 245 cents a pound, ago. and this wage formula would tablishment MRO in also Keil Mr. that quotas should be submitf.o.b. Connecticut Valley points, reported enable us to operate on a ted. the best the to addition Quotas already estabpour, whichever is higher. sound business setup. It has to was lished bar is produced no connection with any federal The company required by either DMA or DMPA largest gold 1299.5 valid. remain it time weighed offer to Ameican industry any this or any Wage Stabilization 805 fine. was Island Merrill ounces and troy and output from the Copies of MO-7- , Board decision. It has been set Pre1000. a is Government DMPA-2- 8 The pure quill facilities which the obForm local be meet a to may problem. vious bricks have been running up does not take under its option. DMPA tained from 1930 this the office from on, Historically, The Government has agreed between 750 and 800 fine. Also, formula has proven to be the in "Washington, D. C. to purchase, at 245 cents a the average weight of large bars miners basic wage. poured previously has been pound, f.o.b. Connecticut Valley Involved in the walk-ou- t, Merthe from about 1200 troy ounces. points, any copper who have After the large bar was are some 350 miners, rill Island facilities which the In three the been company cannot sell or other- poured, No. 50 was poured. It struck employed Week ending June 21, 1952 mines. wise dispose of in the United weighed only 529.3 ounces but BINGHAM secreDISTRICT, UTAH was 807 fine, tops so far. Henry Wlall, financial States. U. S. Smelting Co. 7545 tons. Daily tonnage treated at the tary of local 4260, United States Combined Metals Reduction Steel Workers of America, made mill is near the 600 mark. the statement that if there was 440 tons. no contract there would be no Utah Copper (Kennecott) 1061 work. cars, daily average. Faster and safer operations, Mr. Wall said that the mines, EUREKA DISTRICT, UTAH together with increased proChief Consolidated 46 cars, ' duction, have resulted from the their union, were dethrough two-wacomy radio North manding the same wage pattern ore. adoption of WISSISTON, N. D. munication in the Kennecott Dakotas second oil fitld, Tioga, as has been authorized by the Dragon Consolidated 53 cars, miles when Wage Stabilization Board for day. Copper Corporations big open was extended 4 Petroleum Corps two other Utah underground pit mine at Santa Rita, N. M. Amerada Empire Mines 2 cars, ore. 1 the of Mountain View 1 car, ore. flowed wildcat well coordination Radio Skaar No. mining operations. test stem on drill mechanized a operations, oil Monday PIOGHE RESTRICT, NEV. many Such is the state of life that which extend over an area some night. Combined Metals Reduction Tested from 8190 to 8200 feet, none are happy but by the an- Co. Zinc Cone., 10 cars; lead 3 miles in diameter has saved a lot of time and has repaid many tht Skaar fowed 27.88 barrels of ticipation of change. The change cone., 4 cars; perlite, 24 cars; times over the initial cost of the oil in the first hour and 22.44 itself is nothing: when we have manganese, 1 car. 21 FM sets installed, company the second, with no water. Gas made it the next wish is to Bistol Silver copper ore, 1 officials reported. Maintenance surfaced in 1 hours and oil in change again. Samuel Johnson, car. 1759. costs are nominal, they added. an hour and 50 minutes. (Courtciy j. A. Hofl A Company ) 78 Strike Closes Mines In Utahs Famous Eureka Area U. S. Secures Copper From Canada day-to-da- Gold Production From Carlton Mill Improving s, lf M-7- pei PHOENIX, sons, including two officials of the Sonoyta Gold Mining Co., face charges of illegally selling 8150,000 One Year $2.50 DMPA Rules Simplified To Aid Industry Oil Actiyity On Increase In Utah Field 9110-918- 15c Lead (per lb... Gold (per oz.)$349125 242c Copper Zinc (per lb.) 15c Silver (per oz.) new mined .82.75c 8 Ore Shipments Radio Aids Mines New Oil Field In North Dakota 85-to- n 1 |