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Show t The Western Mineral Salt Lake Stock Exchange at Iff. at 6. at Ilk at 9. 800 at 9000 at 8. Madison Minas -- 800 at IT. Millar Hill 1000 at -Horn BIlnMOOO HovoU at 1700 40. Indian Quaan 8000 Kentucky Utah-30- 00 . Sumy, Salt Lake City, Utah Hay 21, 1954 Steady Gains Wide Interest In Uranium Boom Shown At Convention In Copper ducers Assn., that Utah requested Continued from page one the only to get lands to Market Made structures, and Mr. Duggan the whichsurvey it is legally entitled. uraSteady improvement in demand milling of various type of The law under which the state ores. nium one has for big prompted copper acted requires an immediate surMt. States Dev 10000 at B. 8000 out sciento caned described Bilicke in domestic Mr. at 51k. producer Mr. Ruggeri' said. Mh-dNev-TOH at US, 300 about half of the production cut tific terms the proper use of vey,No problem would be created 1.10. at New Quincy 1000 at 1M. back which it put into effect ear Geiger counters. Mr. Burwell an- (by Gov. Lees request) if the North Idly 300 at 45. tier this year, according to E. & nounced, during the meeting, that Dept of Interior would only comOU Securities 1000 at 40. Park C. Con 800 at 18. M. J. Metal and Mineral Markets. Mr. Bilicke has been granted an ply with the law under which the Plumblo 1000 at 7. Silver Std. 6000 at 4M. Kennecott Copper Corporation award by Sigma Tau Sigma, hon- governor is acting, he added. Sioux Mines 1000 at Ilk. Mr. Cook was introduced by last week announced that because orary national social science fraTintlc 8t(L 100 at 1.0a con. aa. on 3000 on the basis of the ura- Sheldon P. Wimpfen, manager of at ut. wyo. is ternity, sales it increased of resuming West Toledo 1000 at 13. week at its Utah, Ne- nium king display which his firm the Grand Junction operations ofCres. Eg. OH 1000 at 1L the six-da- y 9. at 6000 Utah Kentucky vada, Arizona and New Mexico has set up at various conventions fice of AEC. In his introduction, Rico Arg. 165 at 230. 8000 at Silver. Btd. 1000 at including the UOPA meeting Mr. Wimpfen said there were 550 operations next Monday. This will Un. Park City 100 at 1.72 Vi. The exposition mid displays mines operating on the Western here. outdomestic the boost companys Willis ton B. 001000 at 19. held interest during the three Slope up to the first of May. The month tons 5000 great about FKIDAY, MAT 14, 1954 per put by days. tons to rate of ore production, he said, 30,000 monthly. Bullion 1000 at 8Vi. Col. Rexall 4000 at 17. Uranium Utah in is was double that at the beginning prospecting Lead sales slowed somewhat last Cres. Eg. OU 1000 at 9, 700 at 9 Vi. not of 1000 at 10. 1000 at 10Vi. of the fiscal year. a some were request endangered there but by reports week, Eureka Lilly 1000 at 5. With two more months to go, of an active demand in. Europe Gov. J. Bracken Lee for a survey Howell 1400 at 39. 600 at 40. Indian Queen 17000 ' at of all land in unchartered federal Mr. at was Wimpfen said, we have, sevand the unchanged price Lakeside Mon. 2000 at 4. his state, an official spokesman eral months ago, passed the total Little May 1000 at 3 Vi, 4000 at 14 cents a pound. New York. Madison Mines 1000 at 27. for Gov. Lee declared here Satur- amount of concentrates mined in on the continued demand Zinc Mag. Ld. A 0116000 at 5. MaJ. OU A Mug. 1000 at 5. the last fiscal year. was little there but day. quiet side, New Park 300 at 1.15. R. H. the for Bonuses paid for ore production 10V4 cent as attorney the oh Ruggeri, New Park 400 at 1.20. price pressure Nev. Tah OU A Mng. 1000 at llVi. memtold Utah State Land the end of April totalled $3,289,-06- 4, at for watched Board, eagerly producers 5000 at 11. 900 at 11. Mr. Wimpfen said. SUver Btd. 1000 at 3Vi, 2000 at 3Vi, further announcement by the gov- bers of the Uranium Ore Pro 1500 at 3 Vi, 14000 at 4, 8000 at 4Vi. for its ernment plans 2000 at 4 Vi. regarding Tintlc 8td. 2000 at 1.00. stockpiling.. n Oil 1000 st 5 Vi. Union Park City 100 at 1.55, 100 at Copper 1.60. Demand for copper has been Wllllston B. OU 700 tt 19. Carb Sales holding up well and the industry Bullion 2000 at 8 Vi. . looks for May bookings to equal 11. OU 1000 at Cres. Eg. Howell 300 at 40. Sales for those exceed or April. two-day The Petroleum Association of America closed its h 1800 at llVi. OU A Mng of April shipment copper totaled meetingIndependent North Lily 100 at 35. in complete agreement that the petroleum Denver week at last Rico Argentine 2000 at 2.40. tons. Though offerings of industry needs legislation to correct the condition created by excessive SUver Std. 3000 at 4Vi. 5000 at 4Vi. 96,854 Tintlc Lead 1000 at 6 Vi. copper are light, the oil imports. electrolytic Tintlc Std 100 at 1.00. in fire refined is comsituation A resolution urging congressionWestern Alloys 1000 at 2. but win average about THURSDAY, MAT IS, 1954 fortable. al action to provide such action output, barrels Bales 100,000 daily below last Sales in the foreign division of received unanimous approval from Big Hill 703 at 3 Vi. months Colorado 1000 at IVi, 964 at 1. production. the market were closed during the the convention. The resolution Cal. Rexall 1500 at 16Vi. 29.659 from Crofl. 011500 at week Total prices ranging ia. petroleum demand, both pointed out that sincere but unsucDragon Con. 300 at f.a.s 30.25 to cents equivacents, cessful efforts have been made to domestic and export, will aver- ' Emp. Mines 3000 at 2 East Std. 1000 at 5. lent. solve the import problem without age 8,236,000 barrels a day in 1954. Grand Deposit 2000 at 2. Lead a 5000 Howell 1900 at 41, resort to legislation; that in recent This wiU represent an increase of Kentucy Utah 2000 at 9 Vi, Sales of lead in the domestic months imports have not been re- only 2.5 per cent over actual deIndian Queen 7000 at 2 Vi Miners Gold 1000 at 2 Vi. division of the market were down duced but are scheduled to in- mand in 1953. Purely domestic deMt. States Dev, 1000 at 4 compared with recent weeks. The crease; the availability of domes- mand for aU on is expected to Mt View 600 at IVi. Nev-TOU A Mng 7500 total for the week was 5,327 tons. tic oil proves that imports are sup- increase 3.8 .per. cent over 1953, OU Securities 100 at 45, Plumblo 1500 at 7. The market was firm on the basis planting it to an increasing ex- while exports are predicted to deProsper OU A Mng. 7000 Vat 1 Royston 2000 at 4 Vi, 500( at 4 Vi, 4000 of 14c, N. Y., and 13.80c, East St. tent; and repeated reductions in cline by 20.7 per cent. at Louis. There were no develop- domestic production without corSUver Std. 1500 at 3V4. ' Domestic demand for 1954 was ments in Washington in reference responding reductions in imports Tintlc Central 4500 at IVi on the premise that estimated i. Tintlc Lead 1000 at 6. to the new stockpile program. How- violate the principles of equity. Tintlc Std. 200 at 97. wiU no significant change be there West Toledo 1000 at 14. j ever, producers believe that pureconomic conditions. in The dangers confronting the general Carb Sales chases for the strategic reserve Comet 100 at 5. said continuing inwill come along in time, which domestic oil industry are real and The committee Dragon Con. 1000 at 86.of Eureta Lilly 86 at tends to support the price struc- immediate, it said. Further de- creases in avafiabfiity in foreign fflk. Horn SUver 1000 at2ythe outis reflected to on leads supplies foreign lay dependence Howell 200 at 41. 10(0 at 41. London quotations also 'were ture. (xlndlcates operating companies.) oil. We must not render our coun- look for decreasing exports. Kentucky' Utah 1100' at 9. Sales firm. North LUy 100 at 38. Chief Con. 200 at 52. 1500 at 2.40, Rico Argentine try defenseless in one of the most Sue Comb. Metals 1000 at 17. 3500 at 1V4. Tintlc Central 10 Vi. Cres. Kg. 0111000 at Demand for zinc was .moder- vital munitions of war. Tintlc Lead 100 at SVi. Dragon Con. 100 at 88, 100 at 89. 100 at 1.00. 8td. Tintlc The subject of imports also reEast Btd. 1000 at 5. ate, both in the Prime Western These quotations furnished by J. A. Eureka Bulln. 3000 at 5. inA Company, 132 South Main St.. The Grades. and ceived ' attention from two speak- Hogle Special High . Eureka Lilly 3000 at 4 Salt Lake City, Utah. Gold Chain 1000 at little is a impatient ers representing major companies AR American Smelting getting dustry 835 1000 at Grand Deposit 7000 at 35.60 over what the AdministrationN in- that are not members of IPAA. A Anaconda . 2 Vi, 6000 at 41.70 HM Homestake Howell-27- 50 at 41. 200 at 42, 50 at 43. tends to do in regard to stockpiling Hines H. Baker, president of Hum- IN International Mining Nickel , . . . 41.75 Lakeside Mon. 6000 at 4. 39.00 PD Phelps Dodge and tariff relief. Until these issues ble Oil & Refining Co., and A. C. UTAP Little May 4000 at 3. 36.50 Utah Power A Light Madison Mines 1000 at 26. of the price Rubel, vice president of Union Oil have been disposed Mag. Ld. A 0111000 at 1000 at Mono Kearsarge 1000 at situation is not expected to change. Co. of California, agreed with the Most observers look for an in- convention that Nalldrlver 500 at 20, 332 at 18. Imports have OU A Mug. 4500 at 10 Vi. h zinc for of slab stocks in crease levels. gone beyond justifiable Royston 1000 at These quotations furnished by Merrill Silver Btd. 2000 at 4 Vi. April. Pearce, Penner A Beane, 129 So. Lynch, of In the forecast 400 at 1.00. Tintlc Btd. petroleum Main Street, only Los Angeles Four technical reSalt Lake City, Utah. in situation The quicksiltight 3500 12. Toledo at West Asked Bid and demand made on in supply electrical any by ports applications Carb Bales 26.50 ver continues. Business was noted Class A 825.25 . 21.60 21.75 the mining and metal industry will during the week within the range industry group, IPAAs Supply and Dragon Con. 1500 at 87. . 28.00 Howell 500 at 40. 29.50 Demand 1954 committee said that in the be discussed and . 18.50 presented Grand Deposit 5000 at or prices qvoted. Most operators 19.50 Dev. . 5Vi. 3000 States Mt. at 53.00 50.00 mining and metal industry will be said that quotations were little domestic production will average Silver Btd. 5000 at 4 Vi. 9.25 8.75 about 6,446,000 barrels daily, un.13 Tintlc Standard 100 at 1.00, 400 at presented and discussed Tuesday, more than nominal. .10 LOO. 1.00 1.10 less is a five-da- y there in Sumprojectchange the June 22, during Wllllston B. Oil 1000 at 18Vi. .09 .08 Silver ed imports of foreign oil or other DIV. Ut. Wy. Con. Oil 2c, Payable mer and Pacific General Meeting .03 .03 silU. The for market S. foreign On May 15, June 1st, sold 3.25 3.50 factors affecting required supply. of the American Institute of Elec- ver was .55 1954. .50 London quotations steady. Del. Vic. New ASST. .35 This will not only be a reduction .32 Quincy e Hotel at the trical Engineers earturned on easier after sold asst Bale .03 .02 steadying pd. of 20,000 barrels daily from 1953 UInUh'Wy0' Ld. Vic, Del. AEfST. Commonwealth here. The meeting, which ly in the week. sold asst. pd. on Sale will be held June 5 will be at Bale Silver Btd. lc, Del. tended by 2,000 electrical engi sold asst pd. on ASST. Grand Deposit Vie, Del. neers, scientists, educators and sold asst. pd. on Bale manufacturers. The essence of war and prepa TUESDAY, MAT 18, 1954 Bales . ' The be will pre ration for war is economic waste tollowing papers Cres. Eagle 0112000 at 11. met200 100 Con. 100 at at and A bomber is not a passenger air sented 89, 86, Dragon during the mining at 88. session: al liner. A warship is not a merchant Eureka Standard 1000 at 15 Vi. Horn Silver 1000 at 6. Ore Conveyors at Pend OReille man. A gun is not a machine tool Howell 1400 at 40. Kentuckv Utah 1000 at 9 Vi, 219 at 9, Mines and Metals Corporation, By and large, the manpower, nat2000 at 9 Vi. ural resources, time, and money A. A. M. and Gilbert R. 5000 at 3. Little May Bulen, by and Mag. Lead A 0111000 at 5Vi, 500 at 8. Westinghouse Electric Corp. plant capacity' allocated to Mt. States Dev. 4000 at 5 Vi. means a substrac-tio- n war New Park 300 at 1.05. purposes Factors Affecting Choice of OU Securities 1200 at 40. from the total amount of Plumblo 1000 at 7. 5000 at 7Vi. Mine Hoist Drives, by R. B. 811. Shield 5000 at 3. 1500 at 3. and available for better liv- goods Moore, General Electric Company. SUver Btd 5000 at 4Vi. . . . The central the people ing by Tintlc Lead 1000 at 6. Reactor Control of Industrial proyem 0f our defense, as I see Tintlc Btd 100 at 1.00, 100 at 99. Trans. Un. 0114000 at 5Vi. Electrostatic Precipitators, by 7,it, is now to create a military pos- Wllllston B. 011500 at 18Vi. . INVESTMENTS W. H. Strate, Westinghouse Elec- ture sufficient to Carb Sales sovassure our Kentuckv Utah 3000 at 9V4. 760 at 9Vi. tric Corp. Member National Association of Securities Dealers, Inc. Mt States Dev. 1000 at 5 Vi. 1000 at ereignty and the continuance of 5Vi. Waste Heat Power generation our way of life, and to do it withOU Securities 300 at 40, 100 at 40. 15 EXCHANGE PLACE 52 BROADWAY SUver pm pnno at. 4. in Western Cement Plant, by J. out bankrupting ourselves politicN. Y. York New 4, Jersey City 2, N. J. MONDAY, MAT 17, 1954 D. Rosenblatt, Betchel Corp., R. ally, economically and morally Bales Tel. DElaware Green BOwling Bullion 2000 at 8. L. Boulden, Riverside Cement Co., . . . Hon. Robert B. Anderson, 1000 at 17. Col. and D.- B. Carson, General Elec- Secretary of the Navy, January 13. Specialists in Natural Resources Stocks . Cres. Eg. 0115000 at 12. Dragon Con. 100 at 85. 1000 at 87. tric 1954. Company. East Utah 500 at 16Vt. 100 at 17. 1000 1. OO ah - 4. 4. - 2. Excessive Imports Of Oil Held Dangerous To Industry Trans-Unio- Nev.-Ta- . ah 4. . Eastern Stocks 1. 2, 2. 5. 4, Nev-Ta- 4. AIEE Plans Mining And Metal Session -- Unlisted Stocks 2. . Bilt-mor- 21-2- War Is Waste I ; R-x- all - JULIUS MAIER CO. |
