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Show OF U 1 -- V.; - in LIBRARY-CIT- , METAL PRICES 13.5c Lead (per lb.) Gold (per oz.).... ..$34.9125 27c Topper ... 11.5c Zinc (per lb.) Silver (per oz.) 85.25c new mined Features Mining, Oil, Financial Vol. 24, No. 13 Salt Lake City, Utah, March 27, Chief Consolidated Mines Reports Net Profit For 1952 1953 WEDNESDAY, MARCH 5. 195S - . ...s . ot - Srierite . . - 85-to- n. . . 8. Royston 1000 et Svexuee 100 et 9. Untie Std. 200 et 98. 900 et LOO. 011100 et 31, 100 et 31. CURB BALES Croff OU 1000 et 24 Mlnere Gold 20000 et 4. North Std. 6000 et 9. Plumbic 2000 et Rico Arg 90 et 2.00. , Will. B. In Earning 7. Salt Lake Stock Exchange Building, 39 Exchange Place Salt Lake City 1, Utah Orders executed on all exchanges. Information on Utah Mining and Oil. Companies furnished free upon request,. Member Salt Lake Stock Exchange . year UNLISTED Ut. Pr. A Light 10 et 34.00. MONDAY, MARCH 29, 1999 8. 7. 4.4, I 7. . 3. 900 8. , 4.4, 4. 7. 7. 4. -- OU-4- Std-10- 3. 19,-19- 4. 1 7. CROMER BROKERAGE COMPANY . Equity Oil Records Gain Sales of crude oil during the 1952 by Equity Oil Company Company and its wholly owned subsidiary Weber Oil Company toSALES taled $2,045,167, according to J. L. Cleyton 611. 900 et 29. Comb. Metels 1200 et 21. 900 et 20. Dougan, company president. This 8000 et 20. Croff 011900 et 24. compares with $2,039,757 for the Con. Eureka 2000 et comparable period in 1951. Dragon 500 et 80. 900 et 82. Best Std. 8000 et 11. addition to the sales of crude, In Beat Utah 900 et 14. 1000 et 14. sales of gas were $14,276 and other Greet Westn. 2000 et 16. Horn Bllver 1000 et income was $1621. Net operating Ind. Queen 1000 et 2. income before depreciation, depleLekeslde 1000 et 2. Little Mey 3500 et tion and income taxes was $1,242,- Miner Gold 10000 et 9000 et 4. gor anaj nei !npnp fnr me year New Psrk 6M st 1.72, M st i.7o, 100 et 1.75. was $833,465. This was an in North LUy 500 et 42. crease of $19,787 over the previous North 8td. 2000 et 5. Plumbic 1200 et year and represents a profit figPlutus 1000 et 10. ure of 55V cents per share. Prosper 4500 et 2. Sundence Oil 2000 et 16. The report lists the following exTintic 8td. 300 et 95. 100 et 97. and development activTran.Un. 0113000 et 10. ploration Weatn. Alloys 2000 et ities the for year: Willis. B. 011-et 32. CURB SALES Carbon and EmArea Mounds Croff 0112000 et 24. New Perk 100 et 1.75. ery Counties, Utah: Two wells were drilled during the year. The Royston 1000 et 8, 1000 et Tintic Std. 100 et 98. Mounds No. 1 well was drilled to FRIDAY, MARCH 20, 1989 a total depth of 9360 feet, and the Mounds No. 2 well was drilled to 0000 at 8 1000 t . a total depth of 4678 feet Signifi100 at frek cant shows of oil and gas were enEast Std 5M at 11. 500 at 12. East Utah 100 st 14. countered in both of these holes. Great Westn. 10M at 19. Casing was set in the No. 1 well Leonora 20M at Little May 1000 at 1000 st at 4165 feet and an attempt was Madison 10M at 29. made to test showings below this M.. Ld. A OU 10M at 8. Miners Gold 10M at point to a depth of 4587 feet Mono Kearsarge 20M at 5. While the results of these two North Std. 70M at 6. Plutus 900 at 11. holes have not shown commercial Prnlce Con. 10M at to date, the manageSOM 8. at production Royston Silver Std. 10M at 3. feels ment that . the material . Tin. Lead 5M at amount of saturation encountered Tintic Std 4M at 93. Trans.-U- n. 5M at 10. is very encouraging and may lead W11L B. OU 10M at 30, 2M at 32. 1M to the opening of a new oil field. .... at 32 CURB SALES Rangely Deep: No additional Bonanza OU 10M at 6. well were drilled during the year. Croff OU 9M at 23. 00 East at 11. Ashley Valley: No additional Nev.Tah OU 10M at 10. North Std. 20M at 5. well were drilled. Bllver 8td. 400 at Rangely Shallow: Twenty-fou- r Tlntie Std. 800 at 93. Win. B. OU 1QM at 30. shallow wells were drilled during THURSDAY. MARCH the year resulting in 22 dry holes SALES and tow oil wells. The number of Bonanza Oil 10M at 7 Bullion 10M at dry holes encountered for the year Clayton 811 500 at 25. was somewhat greater percent- at 24, 4000 mt 23, 1000 age-wis- e 00 atjwS.011-10than was the experience in previous years. However, during the past 60 days three very good oil wells have been completed which tends to improve the average for the previous 12 months. Geophysical and Geological Work: A total of 33 weeks of seismograph work was carried on at iooo at 2000 during the year by a full contract Prine oecn. 4 DORAOHTSEHT8EH8 crew in conjunction with general SALES geological study and surface work. Bonanza Ofl 2000 at 7. g1 To This work was confined as to its RicoAr at 1.85. io Oat 190, Cardiff 77 at 17. 1000 at 20. 74 at 20. Cres. Eg. 0114500 at 8. major portion to Carbon and Dragon 500 at 80, 100 at 81. oa&oo fery Counties, Utah, and Piceance io. East. Std. 3500 at 11, 1000 at 11. Creek Basin of Colorado. XL 90, For Grand Deposit 1000 at 2. He 1000 At TpulUDi Oil Leonora 2000. at 1953 it is planned to drill a mim- 10. Little May MOO at 4. fo four exploratory wells in MaJ. OU A Mg. 9000 at at32Bl 011300 at 34, 3000 at 33- 500 mumCarbon-EmerPark C. Con. 9M at 27. y the area. , curb sales Prosper Oil A Mng. 10000 at 2. 200 at 80. at 2M 85, Dragon Royston 2000 at East Std. 2000 at 11. 4000 at 11. South Std. 10M at Great Westn. 99 at 21. Tintic Std. 1100 at l.M. Westn. Alloys 10M at 3. Willis. B. 011150 at 31. CURB SALES Clayton 81L 500 at 26. These quotation furnished by Merrill Miners Gold 1000 at Lynch. Pearce, Fenner A Beane. 23 East Dragon 8M at 81. Second South St.. Salt Lake City, Utah. MaJ. OU A Mg. 3000 at 5. Bid Asked North Std. 2000 at 5. Amalgamated Sue Pfd. 6 9.00 $ 9.40 , 4 One Year $2JS0 Salt Lake Stock Exchange Bid Aaked Stacke Operations of Chief Consodidated Mining Company during 1952 re- Lilted H1U 03 ft .04 Big of a net in sulted .07 $127,317. Sales and royalties on ore and lime x Bonanza Oil A Mng. ... .06 profit 06 V .06 Silver products accounted for a total of $1,325,039, according to the companys xBrlstol 04 .09 xBulllon 19 .21 xCardlff annual report to stockholders. , 02 .03 Central Std to reduca 1.29 .90 xChlef Con. Contributing largely 29 .27 xClayton Silver tion in earnings, was the first 02 .03 Colorado Con comof in strike the history .08 the 07 Colb. Rexall 21 .23 xComblned Me tali pany. The work stoppage started 07 .10 xComet Coaln not .02 02 in June and was settled until xCommonwlth Lead 08 .09 xCons. Eureka September. Excellent results were obtained from development work conducted on the 2700 foot level of the. mine, according to Mr. Cecil Fitch, Jr., vice president and general manA Congressional hearing to ager,, who stated that the ore dethe problems of the minveloped from this work was better than the mines general grade. It ing industry will be conducted in is expected that results from the Phoenix, Ariz., late in April. Prelower levels will be equally good, siding over and directing the prohe said. ceedings will be Representative Hie company. is endeavoring to William S. Hill of Colorado, chairsecure an extension , of the present government loan to aid in man of the House Committee on completing the development pro- Small. i Business. , gram. The Phoenix hearing is one. of There is considerable interest three Congressman Hill is schedbeing shown in the companys uling in the West to take property, Mr. Cecil Fitch, presi(testimony from the mining Miller HU1 03 .04 dent stated, explaining that a unit industry, said Charles F. Willis, xMlners - Gold 04 .04 lease is about to be signed cover- states secretary, .Arizona Small xMono Keener 09 .09 ge 02 .02 It Moeeov ing 2700 acres north qf the num- Mine Operators Association.. Mt. States Dev. 04 .09 ber 1. shaft. If the venture is fi- will be held under the sponsorship xMounteln View .03 .02 4 Nalldrlver .97 .52 nally successful, he said, Chief will oi ooi' organization and will stress xNev-Teh Oil A Mng.. . . .10 .11 receive 15 per- cent of the net the difficulties enepuntered in re- xNew Perk 1.69 1.79 .10 06 Quincy profit after return of invested cap- cent years by the small mine op- dew .41 .44 North -ital. In addition, the U. S. Geo- erator and why he is gradually No. SteLUyddern DORAHT8EHTSEHT8H logical Survey is conducting an ex disappearing, from the industrial tensive exploration program on picture. This is a real chance for the companys Apex Standard the mining industry to tell Conproperty. gress what our problems.are, and what steps we believe should be taken to solve them. , The exact date oi the hearing in Phoenix has not yet been set, Week Ending March 21, 1953 but it will follow similar hearings BINGHAM DISTRICT, UTAH which Congressman Hill will conReduction Combined Metals Co. duct in Denver, Colo., and Spo300 tons. kane, Washington. U. S. Mines 7700 tons. The testimony presented at the Utah Copper (Kennecott) 976 three hearings will be compiled in an official committee report to cars,1 daily average. PARK UTAH DISTRICT, UTAH be printed and made available to members of Congress and indusNew ..Park Mining 1438 tons. try. A wide variety of subjects EUREKA DISTRICT, UTAn probably will be covered, such as Chief Consolidated 34 revision of the public land laws, ore cars. . stockpiling, the Paley Commission 5 Cons. cars. Dragon report, incentive programs, tarclay Tintic Standard dump 2 cars. iffs, taxes, depletion and depletion allowances, federal aid and Empire Mines 2 cars. & A. Co. J. Courtesy Hogle cooperation, and others. . JLI 7, 1 1 Em-suad- ce I 4. I 4. - I 8.9. Industrial Stocks ' 4. - Park C. Con. 500 at 27. 7.50M at 8. Std. 10M at Prosper OU A Mg. Plumbic at 2. Royston 1000 Asst. Silverc. del. sold asst. pd. on sale ZCMX Dir. Ut. Id. Bug. Com. 15c, payable Ashley Valley OU on March Equity OU March 31st, sold 20th. r Justhelra Dir. Ut. Pr. A light 45c, payable AprU Western States Ref. on March 8th. 1st sold Utana Basins OU - A mjie shutdown in Utah is costly to everyone. Miners lose jobs, suppliers of equipment and services lose busi- TUESDAY. MARCH 24, 1999 SALES Cardiff 6M at ness, the public loses the benefits of payrolls, tax payments and supply purchases,; . Such .widespread effects call for combined action to solve the problem created by dropping prices for some of Utah metals and the high level of operation costs and taxes.-- - flMKiRQ asasxaiaflngwi First Sec. Corn. Class Mountain Fuel Utah Fire Clay Utah OU Refining Utah Southern Oil 16.' at 24. 19. Croff 0112000 Eureka Std. 500 at Leonora 10M at Little May 900 at 20.00 22.00 18.00 33.25 15.75 53.00 33 10.25 17 1.15 19 24.M 22.50 19.M 34.50 16.50 56. M .38 4, 4.4. 4. 5. 1951 Model ll.M .19 1.25 .20 Eastern Stocks These quotation furnished by J. A. Hogle A Company, 132 South Main St.. Xalt Lake City, Utah. MaJ. OU A Mg. 1000 at 4, 755 at AR American Smelting . 940 A Anaoonda Copper 6000 at 10M at 41 HM Homestake Mining Miners Gold 2000 at 4V. 39 N International Nickel Mono Kearsarge 2000 at 5. 45 PD Phelps Dogde North Std 4000 at 5, 2M at 39 Park C. Con. 5M at 26, 5M at 27. KN Kennecott .. 74 UTP Utah Power A Light 34 Prosper OU A Mg. 92M at 2. 3. I A Dodge Power Wagon With Winch 8,000 Miles . Like New Will accept older 1 Vi ton track on trade-in- . or write TV. C. Hansen, 2501 South State, Salt Lake City Call |