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Show I May 21, 1954 The Western Mineral Survey, Salt Lake City, Utah New Uranium Find Made Research Will Yield New Ore Discoveries, Is Belief from trial minerals meetings to one-da- two-sessi- y, eleven-sessio- on industhree-da- y, cov- gatherings n erings not only industrial miner- - ' als,' but iron and steel, physical and extractive metallurgy and geology. Another feature speaker at the conference was Dr. William A. Pearl, Bonneville Power Administrator, who told the Metals luncheon that the greatest growth for the regions metallurgical industries, in spite of recent rapid strides, lay in the future. The development of low grade ores in the Northwest, he said, depends on improving electrolytic processes and obtaining increased power, supplies of hydro-electri- c and he expressed confidence that increased power supplies would be available when needed. At the iron and steel session Dr. W. R. Bacon of the British Columbia department of mines, Victoria, B. C., presented an outline of the known iron ore deposits of the Northwest, pointing out that present knowledge of the. deposits has been accumulated in spite of the fact that profitable mining was not an early probability, and that the size, location and character of these deposits has not given them' outstanding advantages with respect to world) markets. He said that prospects for further discoveries or for increasing reserves after more complete investigation are good and would be excellent if an iron mining and steel industry was established within the region. d A model of the NX borehole camera was demonstrated by the Army engineers at the conference. The camera makes a complete photographic coverage in color of the' walls of a drill hole. A projector enlarges the film on a screen or the image may be projected onto a cylindrical section of frosted glass 3 inches in diameter and an inch wide. The image thus formed reproduces exactly the walls of the borehole at a given point, and dips ard strikes can be determined readily. The camera is said to function equally well in dry or water-fille- d holes. newly-develope- ch Average Metal Prices o. lo. .$35.00 220.231 flask, 76-l-b N. Y., boxed (d) 31.970 Antimony, Antimony, bulk, f.o.b. 29.000 Laredo Platinum, refined, per oz.....$84.00 170.000 Cadmium (a) Cadmium (b) .....: 172.500 175.000 Cadmium (c) .260.00 Cobalt, 97 grade 21.500 Aluminum, 99 grade .27.000 Magnesium, ingot .'. 60.000 Nickel (f) $2.25 Bismuth, per lb. based on producers (a) Average quotation, (b) Average of producers and platers quotation, (c) Average of quotation on special shapes to platers, (do) Domestic, 5 tons or more but less than carload lot, boxed, (e) Price for tin contained, (f) F. o. b. Port includes U. S. duty, yg) Average of daily mean of bid and ask quotations, per long ton, ai;mom-in- g session of London Meuil Ex(h) Delivered where change. freight from E. St. Louis exceeds . Col-bom- e, 0.5c. 16-m- TWnl Tanker New York, May 17 a 'ruble The Flyin 27,000-to- n tanker thousand of carrying barrels of petroleum products, was 2000 chcd this week at Newport News Shipbuilding and Dry Dock C , Newport News, Va., for the r ;rn division fleet of Tide Wa-- t Associated Oil Co., it was an-- v today by Vice President R. K. Kelly, manager of the com-pereastern marine depart- 1 - 1 vs American Zin Earnings Sho& 44 Percent Drop American Lead and SmeltZinc, ing companys first quarter net earnings of $252,110 were 44 per cent below the comparable period of 1953, according to a report mailed to stockholders this week. Sales and other income were down 18 per cent from a year ago, to $13,878,638, as shipments of slab zinc, zinc oxide and zinc declined 10 per cent, tonnage-wis- e, it says. There was an increase of 4 per cent over the same "M o lQr3. however, in shipments of all products, including quarry and stone' Production of both slab and zinc and concentrates was further curtailed during the quarter by closing the metal division at Hillsboro, m. by-produ- ts. Leasing from Kent Johnson and Lou Stilson, these men have unf&ce four feet covered a they report. high, averaging The first shipment was made last week. Following this first load, the boys expect to expand operations rapidly in mining this deposit. Griffith and Poulas have been working on this property a month, opening up the ore body which they were sure was there. This is just one of many properties expected to be developed following construction of AEC access roads into this area which is sure now to develop into a most important production section, says The Independent. enough money to finance the search for new ore. The governments stockpiling progreftn will help some mines continue producing on a temporary basis, but It wont help them do necessary exploration and development work. Our cone gressmen are working for a program to help Utah mines. Lets Jet them know were backing their efforts. long-rang- a (Doom ra ' ' ti as:? v "St '- $ Cripple Creek, Colo.-T- he has just shipped three bars of gold to the U. S. mint. The three bars, numbers 177, 178 and 179, were valued at $97,300. This shipment brings the total approximate production of the mill since it was opened in March 1951, well over the four and a half million dollar mark. Approximate figures for production period show $4,511,300 in gold shipped since the opening. Mill of Golden Cycle LEGAL PLUMBIC BIINES COMPANY NOTICE OF SPECIAL MEETING OF STOCKHOLDERS Pursuant to Article XIII of the Articles of Incorporation of Plumbic Mines Company, a corporation of Utah, notice is hereby given that a special meeting of stockholders of said corporation will be held at the office of the company, 39 Exchange Place (room 28) in Salt Lake City, Utah, on Tuesday, June 15, 1954, at 2:00 oclock in the afternoon, for the purpose of considering and voting upon foe following proposals: 1. To amend Article I of the Articles of Incorporation so as to change the corporate name to PIUTE URANIUM COMPANY, or such other name as might be suitable or available. 2. To amend Article VII of file Articles of Incorporation so as to decrease the authorized common capital stock from shares of the par value of twenty cents ($.20) per share to one million (1,000,000) , shares of the par value of five cents ($.05) per share. 3. To reduce the 'holdings of each individual shareholder in the proportion of one share of new stock for each four shares of existing stock, so as to create treasury stock in the amount of 500,000 shares which will be sold or otherwise disposed of by the Board of Directors to provide funds necessary for continuation of mine development and general purposes of .the corporation. To accomplish the purposes of this proposal, if adopted, all shareholders will be required to surrender the stock certificates presently held by them in exchange for new certificates on the basis of one share for each four shares now held. Details of such exchange will be announced later. 4. To consider such other matters of business as mav properly come before the meeting. . I; yjnWv May t 19, 1954. fe ' j 11 t ' - if , , - ' v k $40,000, tie into ,.1 yV , v - approximately 36 fixed com- munications centers throughout the city which in turn reach a total of 900 message centers. To man this entire system would re-of 17,800 persons ?uire a totalshift single The new equipment represents the combined planning of city personnel, the Fruehauf Trailer Company and the General Electric communications department. In addition to the three Fruehauf units there is a similarly-equippe- d fixed base, but any of these three mobile units can function as a base if the permanent station, which is located in a heavy concrete structure is knocked out. The radio units have a potential radio range wide enough to i y i . With the addition of three new trailer-mounte- d mobile communications centers, Los Angeles becomes the first city in the nation to provide a flexible, integrated communications network for its civ defense organization. These new units, each representing an investment of V J t ' t C r 4T7 V. t target operate beyond area. There are six panels operating on independent radio channels. Also a master control ties in with other communications units including the Amateur Radio Relay League. The complete system inradio cludes 150 mobile two-wa- y units, 100 portable walkie-talki- e units and 60 medium powered stations in fixed locations throughout the city. Electricity is provided by a 25 kilowatt Onan mounted on a H-bo- motor-generat- or pup trailer. Shown in the illustration is comof new mobile complete set-u- p munications unit including an- tennae of proper length for each and channel, pup trailer with motor-generatset. Upper right: Interior of new tractor-semi-trail- er or mobile communication unit. Mounted1 on a specially-designe-d Fruehauf trailer these operators control six receiving and trans- mitting sets plus a master unit, designed by the General Electric communications department. AEC Road Building Shell Pushing Senator A. V. Watkins of Utah Well Deeper has urged a senate appropriations subcommittee to approve funds for the Atomic Energy Commission (AEC) for construction of access roads to uranium mines. Watkins said $2Vfe million is needed for access roads to areas where the ore of the atomic bomb is mined. Many of these mine areas, he said, are in Colorado and Utah. New discoveries of uranium on the Colorado plateau, Watkins said, point up the urgent need for roads to get the ore to processing plants. Shell Oil Company has leased approximately 7,788 acres of land 43 leases in the comprising and White River valleys, Steptoe it was stated in a late issue of the Ely Record. Meanwhile, Shells Eagle Springs discovery welt-bei-ng put down by Coastal Drilling company is down to 9,300 feet and it is continuing to drill ahead looking for stratigraphic information, according to Walt Smith, Shells Ely district geologist. Subscribe Now Western Mineral Survey 2214. East 1st South Salt Lake City, Utah PUBLISHED ONCE EACH WEEK Late News, Quotations, Information Service, on Mining, Oil, Financial KEEP POSTED ON THE GREAT URANIUM BOOM $3.00 One Year $5.00 Two Years . Enclosed find Subscription Order $ P.incrcl Survey for Marne Address... Place Utah. j r - PLUMBTC MINF-- COMPANY Bv PAUL H. HUNT, President. xanpe V f 1 - . V i J'r ' ' ' , jj ,,M ..? s - I' . ?q eje - - 1, Gold Bars Shipped Carlton i 1 - , 500-fo- ot A i f . . To survive, mining firms must r.:ake Target Area H-Bo- mb rr-'- Tooele. Following is resume of average metal prices for the month of April compiled by E. & M. J.: 2.700 Copper, domestic, refinery Copper, export, refinery .... 29.520 13.904 Lead, common, N. Y. Lead, common, E. St. Louis 13.713 Lead, London, prompt (g) 9.544 Lead, London,' (g) 91.481 Zinc, Prime Western, 10.250 E. t. Louis Zinc, Prime Western, de10.750 livered (h) Zinc, London, prompt (g) 79.644 Zinc, London, (g) ....78.816 N. oz. 85.250 Y., Silver, per oz. 73.550 London, Silver, per 281.824 checks Sterling exchange 96.269 Tin, N. Y., Straits 99 N. Y. 95.269 Tin, Gold, per oz. U.S. price Quicksilver, N. Y., per Operated From Outside Moab, Utah A rich find of uranium ore in Mineral Canyon was made public last week by Bud Griffiths and A. C. Poulas, both of Continued from page one sioi.s in Spokane. The annual conferences, founded shortly after Worm War 11, have mushroomed Los Angsiss Adds Mobile Communicafi.., IT for which send me Western ; 58 |