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Show Tintic Standard Acquires Interest In New Projects Continued from Page 1 leases in which Tintic Standard has a 5 interest. In addition to working interests, the comof 1 per cent pany holds a overriding royalty in 1444 acres in the Uintah, Basin. ORANGE COUNTY, CALIF. The company has a 1 per cent overriding royalty in a lease which Shell Oil expects to 1-- cent of the returns. While income from the operation will not be large, it should help pre- serve company finances while earning power is being developed elsewhere. Assets of Tintic Standard are extraordinarily liquid. The balance sheet of Dec. 31, 1951, showed cash and equivalent of over $.40 per share after deducof all liabilites. This is tion test-driwithin the next 30 particularly significant when redays. The company has a simi- lated to the current market lar interest in other leases in price of around $1 (per share. the same vicinity. It is unlikely that the loss for WYOMING 1952 will materially affect this Tintic Standard has taken a strong position. 5 per cent interest In approximately 3000 acres located in the Browns Canyon area about 15 miles north of Rawlins. A test well will be spudded as soon as By GEORGE S. BENSON weather permits. President Ilarding College CHEMETALS Searcy, Ark. In May, 1952, American BLOCKED THE UNION THIS announced that its subREDS sidiary, Chemical Construction The vast majority of men and Corp., had developed a revolu- women in American tionary new chemical process industry working are to Comfor refining metals. This proc- munism. The opposed slowness of some ess has been widely heralded by of industrial employes technical journals as a potential groups domination Red in breaking up for traditional replacement their, union can be attributed methods of fire metallurgy used of to an. attitude of in the smelting industry. Tin- Lettwo things: and lack of do it, George tic Standard holds a sizable in-- . the of rqgl menterest in the stock of Chemetal understandingof ace Industrial Communism. Corp., which has the rights to are no different from license patents on the process employes the public in this. general as it applies to copper scrap and of and ignorance Apathy manganese: This interest inour popucludes 20 per cent of Chemetals lation arethroughout assets to the great preferred stock, 3 per cent of Reds seeking to gain control Class A common, and 7 of our nation through subverper cent of Class B common. sion. Returns to Tintic Standard on Keith Claxton, president of this investment may be slow in Local 821 IUE-CIa machnist-a- t coming, but could be very subthe A. B. Chance Company stantial in time. in Centralia, Mo., told our plant MANGANESE College Freedom FoHarding Tintic Standard holds a rum how his group broke interest in option and lease on a away XIII Cona union cited from manganese property located in gress a$ Communist-led- . by SevCuyuma Range, Minn. Other eral years ago, he said, our interested parties are the Utah Local 821 was affiliated with the Construction Co., and Foley United Electrical, Radio and . Brothers, Minnesota contractors. Machine Workers of America Utah Construction is now nego- (CIOO). A number of us were tiating with the Defense Min- disturbed .aboui this because erals Production Authority on a we knew the top officers in the contract for the production of international had Communist utilizing the affiliations. Chemetals process. In event the MANY NOT AWARE contract is awarded, present We felt the money we paid plans call for Tintic Standard to to the international for dues d interest was exchange its to support 'Comfor 10 per cent of the stock of munistgoing work. We didnt like a new company,' to be incorpo- this one bit but many of our rated in Nevada. Tintic Stan- members werent aware of the dard, through its stock owner- threat of Communism. Those ship, would also share in the who were knew that our comroyalties from use of the Che- panys president, F. G a n o metals process. This would be a Chance, was well informed on $40 to $50 million project if it the menace of Communism; so However, it is we asked him to speak on Comgoes through. that any plant could be munism at our unions annual unlikely built before 1956 or 1957. dinner. I think a lot of us had MINING OPERATIONS our eyes opened to what was have been Arrangements on by hearing Mr. made with a private operator to going Chance. Some of the boys remove ore pillars located near wanted to get out of UEW right the No. 2 shaft of Tintic Stand- then. ards mine at Eureka, Utah. An we didnt have any place tons of to But estimated We didnt know what go. ore is involved. Tin-ti- e other union would be a good Standard will receive 25 per one to affiliate with, and probably we and the company would have found ourselves right in the- middle of a representation fight with three or four competing unions seeking bargaining rights. 1500-acr- e ll Cy-anam- ld - Communism 2-- 1- ferro-mangane- 3 -3 se, . one-thir- v 00 low-gra- Friday March 13, 1K3 The Western Mineral Surrey, Salt Lake City, Utah 8 de Producers Of Tungsten Get New Deal SOUGHT ADVICE A year or so later the convention of the CIO 1 UEW. We knew Continued from Page expelled the ' score then, Claxton said. Production of Molybdenum the concentrates has increased from 9,848,000 pounds of contained' molybdenum cturing the second quarter of 1951 to 13,042,000 pounds in the third quarter of 1952. The tungsten order was issued April 5, 1951, the molybdenum order on June 8. 1951. These orders and a similar order covering manganese are under the 'administration of DMPA, with the active assistance of the Bureau of Mines. na-ton- al We were ready to switch right over to the IUE, but we didnt know how to go about it We had about $1200 in our Local treasury at the time and we didnt want UEW to get that and perhaps help spread Communism with it and we didnt want a court 'fight over it, either. We finally went to a St. Louis attorney specializing in labor law. Following his advice, given without fee, we got out Great Future Millions See Mines Bureau Films On Nations Minerals Seen For Showjings of Bureau of Mines films, but they also were motion pictures hibited to many civic and Mohawk Mine informational exceeded by more ice clubs, patriotic, religious, during ex- serv- 1952 ! e record than 20,000 the The Mohawk Mine in the established Forbes J. J. in 1951, Argentite district near Silver Bureau director, said recently. n Peak is potentially a The Bureaus films, which dollar producer of silver deal primarily with mineral re-4 ore, Avery Brundage, sole own- sources of the Nation, had er of Bruhi Enterprises which showings last year comparcontrols the operation, said in ed with 200,000 showings in 1951. Tonopah this week. More than 13 million persons There can be no question were to have seen the that it is a big mine, and pos- films. reported sibly a very big mine, the wealThe films are sponsored by thy Chicagoan declared follow- private industry under an aring one of his periodical inspec- rangement whereby the Sponsor tions of the property this week. pays the entire cost of producLateral exploration to the tion, including photography, desouth from the 218 foot level of veloping and printing, and prothe 500 foot Mohawk shaft has vides the Bureau with prints already opened up some 200,000 for general circulation. all-tim- multi-millio- 218,-56- tons of $40 silver ore, he stated. The orebody at this point is known to stretch across 350 feet and is over 40 feet in width in This sector in itself spots. would represent a gross value of $8,000,000. On the same level, but to the north, recent development work has revealed additional ore of the same type, the extent of which is unknown, according to Brundage. A third exploratory project' at the 500 foot level has also encountered values, and again it looks like the same. kind of ore, in Brundages opinion. From the tonnage already in sight or indicted, the property could be worked for many years without depleting its reserves. "Were uncovering more ore all the time, whs the way the Chicagoan put it' He also said the ore has been traced oil the surface for almost a mile. Asked what his plans were for putting the pro(perty into production, Brundage implied quite strongly that it may be sold, adding with a smile: If I were 25 years younger and didnt have so many diversified interests to keep me occupied, Id go ahead myself and work it Although several big mining firms are negotiating for the Mohawk, we have made absolutely no commitments to anyone, the owner said. Asked specifically if this included Anaconda, he said that it did. The 200 tons mill erected to handle the mines output was designed for a different type of ore 'and will have to be redesigned to effect a satisfactory recovery, Brundage said. It is also quite likely that it will be enlarged in view .of the immense tonnage to be handled. Bruhi Enterprises, which is unincorporated, holds a total of 20 claims in the Argentite district The project is under the direction of Brundages right hand man and local representative, Ray Hines, a former Chicagoan. . . - of UEW, circulated membership cards for the new union, and by that evening we had more members in our new union than we had ever been able to get in the UEW. MUTUAL GOOD WILL Communist-le- d Keith Claxton added a very important comment: The point here, I think, he said, is that our membership might not have been ready for this move out of the Communist-le- d unibn had not Gano Chance talked to us about Communism at our request. He certainly did not interfere with our unions affairs, but he had the awareness of our problem and the sense of responsibility to give us some guidance when we needed it. If our union had not been on good terms with the company previously, we would have hesitated to ask management for help with our problem. Mutual understanding and trust between union and company, this labor leader said, are the indispensable elements need- . These cooperative motion pictures are available from the Bureau of Mines for free loan to organized groups. Last year, schools and colleges continued to be the principal borrowers of Bureau industry-governme- nt workers and organizations, technical and scientific societies, industrial training classes, and defense plant forces. During 1952 the Bureau added eight new sound films six of them in color, and three of them replacements of earlier films and one revision to its free loan library. This library now contains more than 14,000 reels, all in 16 millimeter sound. The new films were The Way of Automobile Lubrication, Washington and Its Natural Resources, Lead from Mine to Metal, Powering Americas Progress A Modern Story of Bituminous Coal, The Evolution of the Oil Industry, and Sulphur, in color, and This Is Magnesium. and The Story of Lead, black and white. A revised version, in color, of California and Its Natural Resources, also was added. Texan Gets Oil The Easy Way as town oil wells Post-hol- e popped news last week City, Tex., where was successfully lease by back into the from Colorado a cafe owner developing a hand. R. L. Moore of the Mitchell 12-ac- re Nickel Production It is estimated that the free world output of nickel in 1952 . exceeded 315,000,000 pounds, with 295,000,000 compared 1951. Canadian proin pound duction amounted to approximately 280,000,000 pounds, or about 90 per cent of the total. succounty reported cessful three of eight holes dug since Christmas. Braced with railroad ties, the holes are about six feet square and the deepest is 18 feet. Oil Earnings Earnings of most oil companies in 1952 were the second highest in history, topped only by the records set in 1951. Net income last year of leading U. S. oil companies is expected to total $2,015,000,000, down 3.6 per cent from the $2,088,000,000 reported in 1951. Consumption of petroleum products in . 1952 soared to a new high, reaching an estimated 7.7 million barrels daily. But higher costs for wages, maintenance, exploration and drilling held down profits. ed for industrial peace and progress. His company president I sincerely believe, agrees. Keith Claxton said, in concluding his Freedom Forum talk, that if management and unions give one another serious and sincere consideration of each others immediate problems, agreements Could be reached without the need of either side trying to stir Up public opinion or of a government agency or The world production of biscommittee being brought into muth in 1952 remained virtually the picture. unchanged at about 3,500,000 For a copy of the joint pounds as compared with 3,520,-00- 0 Forum presentation pounds in 1951, according write the National Education to the Bureau of Mines, United Program, Harding College, en- States Department of the closing 10 cents. . Bismuth In 1952 Clax-ton-Chan- ce TELEPHONE FOR ASSISTANCE ON ELECTRIC POWER APPLICATIONS Our experienced electric power consultants will be glad to help you with your plans. There is no charge for this service. $ 8 a 0IE!nfl3SSDOaSmGEEH33V |