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Show WESTERN MINERAL SURVEY East 1st South or Telephone: 22-2- 4 45 65 u aecond cUu matter at Balt Entered Lake City, Utah, under Act of March 3. 1879. Subscription Bates: 84.00 for two years, 83.80 for one year and 81.60 tor months. i Please mention Western Mineral Surrey when writing to advertisers. Advertising on rates application. L. M. HILL, Business Manager New Exploration Loans Granted To Western Mines NORTH CAROLINA IDAHO Bums --Spangler Construction Bunker Hill & Sullivan Min- Company (Robt. O. Bums & Cleveing & Concentrating Co., Sho- Robt Spangler, $549,375, land, mica, $6030, $6700. shone, $1,098,750. UTAH MONTANA Willard Cleghoni, Utah, lead, W. R.'Made & H. G. Obendorf, $9177, $18,354. Excalibur UranOttawa Tungsten Com- ium Corp., Grand and Emery, pany, Lewis and Clark, tung- uranium, $34,410, $38,233. Frank sten, $35,700, $47,600. L. & Erma R. Morgan, Emery, $2106, $2340. uranium, NEVADA M. I. A. Mines Company, WASHINGTON White Pine, tungsten, $128,550, Index Mining Co., Snohomish, $171,400. copper, $57,500, $115,000. Conttnned from Page lead-zinc-copp- er, d-b- -a All the news of the development of the Xntermountaln Section, published by The Western Mineral Surrey. All news appearing In the Western Mineral Survey Is obtained from soureee believed to be reliable, but no responsibility u assumed for accuracy of statements. SEC Methods Scored By U. S. Senator Sliding Scale Tax Held Solution To Metal Problem he sliding-scal- e import tax with the world in its present zinc being producers state, to buy these imports gt Failby urged WASHINGTON, D. C. comes nearer to the price of a crippled domestic this in country Exure of the Securities & a seri- industry, the editorial continan of solution equitable change Commisison to write fi-a ous than (problem any ues. industry fair set of rules so that the to other U. S. lead and zinc miners nancing of new mining develop- date suggestion proposed and Mining have been victims of mistaken Engineering ment can be caried on has ll McGray-Hipublicagovernment policies in this aroused the nation. In the U. S. Journal, country, England, France and Senate recently a Senator from tion, asserts in an editorial. Zinc producers, large and elsewhere, the magazine says. Nevada told the body that indiare calling forsuch a tax When the U. S. started its stockmade be should small, initiative vidual possible in western metal min- to be levied on imported lead pile program on top of the surgand zinc whenever the domestic ing civilian and military deing districts. these metals fall below mands, other nations took fright Sen George W. Malone of Ne- prices ofagreed-upobasis. The and bought metals frantically, certain vada spoke out strongly against amount cents per fearing our huge buying power in the of tax, the Commission and charged as the would divert the worlds metals would increase that agency with ham stringing pound, and disappear alto- to the U. S. mineral development through- price rose, above at the base and Big stockpiles, some built out the nation by deliberately gether the level, U. S. funds, accumulated in lifewith explains. magazine venture off capital cutting It is reported, for exfavors While the Europe. of magazine the mining industry. blood ample,. that 200,000 tons of zinc The SEC has a stranglehold fair and free trade, it is not in- remains in Europe to be disposed to the back import on mining, the Nevada Repub- congruous' of. is aimed at tax because ilit Finding they have vastly only lican charged, because it is more come of the metal than they into that imports legally assuming powers and requiring the European governcould a fair to on this basis use, country privileges it doesnt have. ments editorthe American began to get rid of it producers, Sen. Malone, chairman of a same time U. S. marabout the states. at not is 'aimed ial It subcommittee on minerals and kets began to waver. As a result fuels, pointed out that the SEC blocking imports. once again, miners, here and This country can use more was created by congress to perform a specific function; that is metal than it can produce. Im- abroad, were put through the to prevent fraud and liberate ports are essential, but it would wringer of a violent price swing, short - sighted the magazine says. misrepresentation of facts to in- be incredibly vestors by requiring the truth to be told to the public before stock can be offered for sale. But the SEC, Sen. Malone excontinually emphasized, atand ceeds its jurisdiction determine tempts to arbitrarily the ultimate feasibility of the enterprise. The success of a mine cannot be determined until The governments strategic the very work which is to be and critical materials stockpile financed through the sale of se- at the end of 1952 was valued at Following is a summary of curities has been completed. of 78 cent $4,024,622,630 or per drilling wells for the weekDiv-as acMining is a speculative busi- the present dollar-valu- e released by the Scouting goal, ness the senator pointed out. cording to the Munitions Boards ision of Carter Oil Co.: Every mine is a financial risk latest stockpile report to conWhitlock-Taylo- r No. 1 (Lountil bodies of ore have been gress. During the past six Sec. 24, IS 1W found. This work is sometimes months, materials valued at 32.4 cated NW SW, a long, expensive and financial- million were transferred to the Total depth 10,060 feet Flowing5 kerosene to test tank. In ly hazardous process. stockpile. governments He emphasized that after Withdrawals and diversions hours 35 minutes swabbed 40 known ore bodies have been to meet current mobilization barrels oil. Swabing from 9600 blocked out, speculative funds needs were at a reduced rate feet with fluid level at 8500 feet, re not needed. But until the compared to the previous six then squeezed 300 barrels keroMorflo in sene with 50 mineral deposits are known and months report, being valued at first 50 barrels.gallons well. In must be Opened venture capital proven $25,089,000 for the 10 hours well flowed 163 baravailable. 1952, period. and kerosene. Well Sen. Malone told the senate The Board reported that i rels lead22old kerosene in 4 barrels flowed that the tyrannical methods stockpile goals have been for1 used by the SEC as well as its the following: antimony, bis- hours. In 11 hours swabbed abuse of power granted by con- muth, fluorspar, and iridium. It fluid to 8600 feet and recovered gress must be stopped at once. said that goals have not been 148 barrels kerosene and formaThe Securities and Exchange met for bauxite, cadmium, cop- tion oil. In 8 hours recovered 61 barrels kerosene and forma-aio- n Commission, legislating through per, lead, zinc, mermanganese,, oil. Have now recovered the medium of its controlling, cury, platinum, tin, and vanadiload all seriouso(l and kerosene- and 22 has power um. new formation oil. In barrels ly hurt the mining industry, materials which for Stockpile 14 89 barrels hours swabbed If this broad Sen. Malone declared are expansion programs .4 cent' water, and .5 nation is to keep up its produc- under oil, per include way aluminum, cent minbasic sediment. In 2 tion of strategic and critical per cadbauxite, antimony, beryl, 25 seswabbed hours barrels oil .4 erals necessary for national colum-bitmium, chromite, cobalt, .5 per cent cent water and per curity, private venture capital tantalite, copper, fluorspar, Acidized sediment basic with m,ust be readily available and the regulation for sale of secur- lead, magnesium, manganese, 4000 gallons. Recovered 436 ities must be done in the man- mercury, molybenum, nickel, barrels total fluid since acid job rulite, tin,, tungsten, or 269 barrels new fluid from ner authorized by the congress. platinum, and zinc. formation. Shut down waiting on repairs for swabbing unit l - n Report Made Oil Drillers On Mineral In Uintah Stockpile Basin Active . July-Decem-be- rule-maki- r, - ng e, Utah Labor ALASKAN CHROMITE Utahs percentage of governDevelopment of Red Mountain ment workers is highest in the chromite deposits on the United States, according to a Kenal Peninsula of Alaska is to report recently released by the be undertaken by Kenal Chrome U. S. Census Bureau. Co. and DMPA. Metal Market Unsettled As 1 d-b-- a), 21, 1953 April The Western Mineral Surrey, Salt Lake City, Utah 2 Prices Slump Legal Notice summons IjSe Si, 98887 DISTRICT COURT OF BALT COUNTY. STATE OF UTA& i.WL5: .hlB w Plaintiffs, MAiXaRET ANN 8TANOEB, Uncertainty over develop- STATE OF UTAH TO THE ABOVE ments in Korea caused demand named dependant: summoned and s metals to Ynuare hereby C. Allen Elggren, for major addreu la 307 whow jgSSff? dwindle last week and prices Building, Salt Lak City, Utah, a&r non-ferrou- were generally easier, according to E. & M. J. Metal and Mineral Darling within 20 nn answer to tbs ofcomplaint thla aummona upon daya after eervlce Maxkets. yM you full to do ao Judgment by default will be taken agalnat you for tbs Continued pressure from foreign imports forced the domestic price of lead down another t yesterday to 12 cents a pound, New York basis, a new low for the year and the lowest price since Aug. 15, 1950. Reports indicate that while demand for the metal continues at a good level, imports are increasing faster than the market can absorb them. Uncertain-t- o over the Korean situation is said to have unsettled and weakened foreign markets. half-cen- . which nUef demanded In a aid complaint Clerk of the baa beenflled withandthea copy of which above entitled Court la herewith aerved upon 7 title to the tms la an action to Quiet real property describedofIn aald complaint. April. 1953. DOTS thto 18th lay C. ALLEN ELOGREN, Attorney for Plaintiff! 307 Darling Building salt Lake City, Utah. DELINQUENT NOTICE CONSOLIDATED MINING COMPANY, prnclpal place of bualneaa, 529 Newhouse Building, Salt Lake City 1, BUFFALO Utah. Notice la hereby given that there are upon the following described delinquentaccount of Assessment No. 8 of stock on one cent (lc) per share levied on the 20th 1953, the several day of February, amounts set opposite the names of the as follows: respective shareholders Shares Amount Cert. Ne. ' Name A. Allen ... 150 1.50 408 Dr. George 1.500 409 Dr. I. W. Allen 300 422 H. F. Bassett Jr 150 424 Mrs. Olga Bandy 425 Ruth A. ft Dick Lee Beck 1,250 The spread in copper prices, as much as seven cents a pound when the metal was decontrolled several weeks ago, narrowed 426 Ruth A. Beck At 1,250 Ruth A. Metzger to two cents as three major do1,000 793 Bennett Motor Co. mestic producers settled on a 429 Edward 5,000 Blackman, 500 431 Kenneth J. Boyle uniform quotation of 30 cents 433 1,000 Edna Brennan a pound and' some custom smel- 815 Clyde Brlebola 1,000 D. At Mildred ters cut the prices of their for- 791 John 186.96 18,696 H. Carter eign and domestic copper from 792 John D. ft Mildred H. Carter '.4,500 33 cents to 32 cents a pound. One 250 444 Hazel T. Chase 2,500 foreign producer, atanga of the 734 Janice Clayton N. W. Clayton m 2,500 Belgian Congo, lowered its 735 790 Marlon L. At Edith 32 to a cents C. Coleman 2,500 prices pound. 796 Sylven D. & Elva Crapo 1,000 455 Edward J. 1,000 Day Tin also was lower on a slack- 802 John D. DeLaMare 100 of 826 Heber Denison F. 2,100 ening trading. ... 300 Ernest L. Foley Smelters maintained their sell- 473 753 Francis Boydell Goelts . 250 500 Oscar Grey ing basis for zinc at 11c., East 485 ' 250 JOhn A. Grant St Louis, notwithstanding 486 231 Aug. C. Greenhagen .. 2,000 Maurice Heifer 2,000 weakness abroad. They hope 497 819 Hans C. Hess 200 that the decline in London will 507 Ivan V. Hobbs 2,500 768 J. Milton ft Helen Hyde 14,975 149.75 prove temporary. 788 J. Milton ft Helen Hyde 7,083 70.83 733 Mrs. A. L. Kindall 2,500 The March , statistics of the 654 B. H. Lyon .... 500 Tom McLeese 100 American Zinc Institute ' placed 538 769 Eugene B. Manwarlng 700 at 83,485 tons, 537 Margaret M. McQuUkin 250 production Frelda Martlnov 9 5,000 tons in the pre- 200 against 544 Bernard Maslowsky .. . 100 287 Gertrude Mayer ceding month. Shipments dur- 313 5,000 F. Mayer 3.200 ing March totaled tons, 808 Karl Aubra R. ft Maxine of which domestic consumers Morgan 4,300 343 A. Oberg 500 absorbedtons, export and 565 Abdon Mrs. R. P. OHanlon ... 100 568 Jerome Paxton drawback 1315 tons, and govern200 A. J. Peterson 150 ment account 3582 tons. Stock 569 668 Piper, Jafrey ft Hopwood 400 573 D. Pollock on hand as March ended totaled 193 Robert 300 Mrs. T. J. Potter 200 99,864 tons, against 93,664 tons 578 Charlee W. Reeder .... 300 799 Clawson ft Almira a month previous. Richardson 750 561 Milton W. Rideout .... 300 Unfilled orders for zinc in- 751 Gladys Spencer 2,000 Sid Spencer SOO creased from 37,172 tons at the 602 711 Sid Spencer 4.000 end of February to 54,524 tons 604 W. M. Stack 800 Strobel 11000 at the end of March. Stockpile 614 B.In H.accordance with law and order of purchases accounted for most of the Board of Directors of Buffalo Consolidated Mining Company made on the the gain. 20th day of February, 1953, so many shares of each parcel of stock as may e be NPA has revoked its order sold at public auction at office of said 529 New limiting monthly production of pe house Building, Saltcompany, Lake City, Utah, J of May, 1953. at the P1 high speed steel with high tungof 3:00 dy p.m. to pay the delinquent sten content It was pointed hour assessment, with the cost of adout that the supply of tungsten vertising andtogether expense of sale. BURT M. BLU88ER, has almost doubled in the last Treasurer Buffalo ConsolidatedSecretary, 21 months. Minini, Comnanv 529 ' 76-89- 77-28- 5 . - 72-3- 88 nec-b- Newhouse Building Salt Lake City, Utah. The market for foreign ore of NOTICE OF ASSESSMENT quality remained fairly NEW QUINCEY a COMPANY, stable last week so far as nearby Utah Corporation, MINING Principal place of busi420 ness, Felt Building, Salt Lake City, material was concerned. Quota- utan. f tions varied between $10 and $42 Notice is hereby given that at a meet-the Board of Directors, held April per short ton unit of W03 on 17, of 1953, an assessment of one (1) cent scheelite, and $41 and $43 on per share on all outstanding stock of the levied, payable lmmedl-th- e wolframite, c.i.f. U. S. ports, Corporation, was Secretary, Glen I. Crandall, good E duty extra. Natomas 420 Felt Building, Salt Lake City, Utah. Any stock on which this assessment on (22nd) day of May, the twenty-secon- 1953, will be d delin-dV8,rtls- ed for sale at public l.unle Payment le made before, It will be sold at the office of the Continued from Page 1 Wt j. Building, on the amortization was $615,318.35. hour SrXoth) i20 AT. June. 1953, at the p.m. of Mid day, to pay the After deducting these charges, together with the aggregating $475,780.02, the net cost of advertising and expense of the income was $138,529.33, or $0,152 per share of stock, as compared with $108,363.82, or $0,118 per share, for the year 1951. Dividends Nos. 667, and 68, both in amount of 30 cents per share, were paid on July 1 and Dec. 20, 1952, in the total sum of $549,480, of which $412,110 Duchesne County Well No. 1 was declared out of the Reduc(Located SE NW, Sec. 25, 3 S. tion Surplus account and $137,-37- 0 5W Total depth 1625 feet. Set from (Erned Surplus, 16 inch casing at 8044 4feet with ing the latter account to a 800 sax. Drilling at 1625 feet icit of $150,924.29 !? ament Im9i glen L CRANDALL, S'?lncX CompanAMFMt Building. Salt Lake City, Utah. MOHAWK MINE RENO, Nev. Avery Examination of Bnmdages Mohawk mine in the Silver Peak district has been made by representatives of the Sunshine Mining Co., but as yet no deal had been made de$ite recruiting reports to the contrary. r |