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Show Salt Lake Stock Exchange f FRIDAY, A IT, ST 27, 1954 Curb Con. Eureka 8500 lOOOO at 9. 2000 at 37; 09 at 25; 2000 at 27; 200 at 20; 2000 at 30. Comet Cbalition 100 at 5. Cona. Eureya 1600 at 58; 1000 at 57; 500 at 58; 2000 at 55: 2000 at 50; 400 at 58. East Utah 300 at 18- - 850 at 17. Kentucky Utah 3000 at 40. Lakeside 1000 at 7; Majestic Oil 250 at 20; 4000 at 18tt. Mono Kearsarae 1000 at 17. Miners Gold 3000 at 3. Nev-Ta- h Oil 1500 at 22; 200 at 23; 1500 at 31. Mew Park 200 at 1.75. North Standard 8000 at North Lily 2000 at 33. Parte City Cons. 7000 at 17. Rico Argentine 400 at 3.00. United Park City 40 at 1.75.; 100 at 1.80. Western Alloys 2000 at Wllliston B. Oil 100 at 19; 250 at 17 Vi: 500 at 17Vir 2000 at 18. Bullion Un. Park City 100 at 1.75. Willis ton 1500 at 18. TUESDAY, AUGUST Slr 1954 Bullion Cadiff 100 Cons. at 19. Sales at 2000 2. AUGUST 90. MONDAY, Silver at A Unlisted Light 10 at Cardiff 800 at 1, 1954 34. 2000 at 18 Vi; 7000 at IS; 18Vi. Con. Eureka 3500 at 85: 3000 at 84. Dragon Con. 700 at 86; 800 at 89. East Standard 1000 at 8. Empire Mine 1000 at 3 Vi. East Utah 300 at 16. Howell 2000 at 33. Indian Queen 6000 at 3Vi. Kentucky Utah 200 at 48 : 400 at 47: 100 at 48. Leonora 2000 at 3 Vi: 3000 at Little May 1000 at 3Vi. Madison Mines 800 at 24. Maj. Oil A Mng. 6000 at IB Vi; 1000 at 20; 1000 at IS Vi; 88 at 20; 1000 at IB Vi: 5000 at 19. Mono Kearsarge 1000 at 17. Mt. States Dev. 2000 at 8 Vi. Nev-TaOil A Mg. 1000 at 18Vi. New Park 400 at 1.75. Park City Con. 7000 at Prince Con. 3000 at 5 Vi; 13000 at 5. Btoyston 1000 at 4 Vi. Silver Shield 15000 at 3 Vi. Trans. Union Oil 1000 at 6Vi. United Park City 200 at 1.76. Comb. Metals at at 1000 3. h 17. 2: Curb Sales Con. Eureka 200 at 55. Dragon Con. 100 at 87. 5: Howell-2- 00 at The oil industry, noted .for its progressiveness, has been experimenting for years with remote control of the flow of oil and gas from a field of wells. A few fields in the United States already have automatic systems which allow partial control. Now, electronic developments may put one man in control of the output of a string of wells without ever being there. The new system is said to allow an operator in the control station to change any wells flow rate any time he wants to without making a trip to the well. Such experiments and studies occur every day in the progressive oil industry as it keeps ahead of its growing job of supplying Americans with oil and oil products. 41. WEDNESDAY, SEPTEMBER 7 Vi. Cardiff 8500 at 31; 8500 at 30; 3000 at 31. Consolidated Eureka 2000 at 68; 1500 at 58; 100 at 55; 000 at 58. Crescent Eagle 5000 at 8 Vi. Dragon 300 at 88: 1200 at 90: 100 at 93: 2100 at 90; 4000 at 87; 1000 at 88; 4300 at 89. Dragon 1900 at 90; Empire 0000 at 3 Vi. Howell 3000 at 30. Indian Queen 500 at 3 Vi. 800 at 44; 1000 at 43Vi. Kentucky-Uta- h Leonora-20- 00 at 3 Vi. Little May 3000 at 3. nMdison 500 at 24. Majestic 2000 at 20: 3000 at IB Vi. Mono Kearsarge 3000 at 17; Naildriver 600 at 19. Nev-Ta- h 3000 at 18Vi. Park City 500 at IT Vi. North Idly 1000 at 35; 10000 at 39; 1300 at 38; 2500 at 39. 5000 at 2 Vi. Prosper Oil 3000 at Rico. Argentine 100 at 2 97Vi. Silver Shield 2000 at 3: Silver Standard 3000 at 4 Vi. Swansea Con. 11000 at 5: 17000 at 5 Vi : 20000 at 5 Vi; 3000 at 5 Vi: 2000 at 1000 at 5Vi: 458 at 5V; 2000 at 6. Un Park City 1100 at 1.75. Utah Consolidated 4000 at lVi. Western Alloys3000 at 2 Vi. Willi ston 500 at 17 Vi: 170 at 17; 5000 at 18. 2000 Eueka Utah Power 1954 Sales Bristol at 33; 32 Vi; 500 3. 4000 at 3 Vi. 800 at 24.; 500 at 24. Oil 500 at 19; 1000 at 19; 1500 Kearsarge 1000 at 16 Vi: lOVi; 1000 at 18 Vi. Nev-Ta- h 500 at 30. Prosper Oil 2000 at Silver Standard 4000 at 4 Vi. United Park City 100 at 1.75. Willieton B. Oil 1000 at 18. at 8V. at 31; 500 at 2000 at 58; 3000 at 57; 55; 3000 at 58. Dagon 400 at 88; 600 at 87; 400 at 86. East Utah 1500 at 17. Gold Chain 4000 at 2. Horn Silver 4500 at 8. Madison 1000 at 24. Howell 1000 at 31: 1000 32. Kentucky-Uta- h 2000 at 48; 4800 at 47; 3400 at 48. Majectic Oil 2000 at 19 Vi. Mono Kearsarge 3000 at 17. Mt. States 1500 at 8Vi. Nev-Ta- h 4000 at 18 Vi. Park Nelson 2000 at Swansea 8000 at 6; 0000 at 5 Vi. Sundance Oil 300 at llVi. Tintic Standard 200 at 88; 600 at 88. Trans-Unio-n Oil 1000 at 6 Vi. Wllliston B. Oil 500 at 18. 1000 at 19. Con. Eureka 1000 at 86; BOO at 58. Majestic Oil 1000 at lOVfc: 8000 at 20. North Standard 8000 at 2. Park City Con. 1500 at 17 Vi. Silver Shield 4000 at 3 Vi. 2. Mono 3000 8500 at 35. 1500 1. Madison Majestic Sales 51; 300 at 50. Nev-Ta- h -- Curb Pushbutton Petroleum at Lakeside 1000 at 7 Vi. Little May 7000 at 3 Vi. 600 at 18 Vi. North Lily 1600 at 38. fnntio Standard 300 at 87. Cwdiff Lennora September 3. 1954 The Western Mineral Survey. Salt lake City. Utah PAGE TOUR 33. Ky. Utah 2000 at 48. Maj. Oil A Mr. 600 at 18Vi. Park City Con. 500 at IT Vi. Roys ton 1000 at 4 Vi. Tintic eLad 600 at 6 Vi. . Santa Fe Uranium Opens Operations IHi Mining THE GOVERNMENTS enlarged zinc-lea- d stockpiling program could wipe out the large smelter stocks of zinc and lead hanging over the market, which should strengthen prices of the metals Whereas smelter substanially. stocks of slab government stockpiles now have authority to purchase 300,000 tons of zinc and 200,000 tons of lead in the current fiscal year at market prices. cars each). . Member Salt Uranium Market York Stock Exchangee Lake-Spokane-N- ew We Specialize In Mining Turns Active Again Stocks By BOB HEBZ0G Loans Made on Lilted Mining Securities er 2380 Washington Blvd. 132 Main St. 0GDEH SALT LAKE CITY 35 North University, PBOVO 523 West Spiagne Ave., SPOKANE A turn from the summer lull in uranium over the counter stock trading, came during the week. Several penny stocks have begun to advance. Aa the week end approached, there are aims the market has taken a tnm. Whitelock Uranium Co. ('A Mining Corporation of Utah) Exploration Underway on Mining Properties at Temple Mountain, Utah Hite Utah The Company's Millionaires are investing money in southeast Utah. They hail from Dallas and Houston, Fort Worth and El Paso, and as far north as Seattle and Vancouver. Eastern financiers In the past week have resumed active participation in acquisition of promising claims. With September In (he offing, investors may anticipate an increase in daily volume of a ales. The impetus is on the up aide. at 3c per share In the past few days severe! uranmining companies have made important strikes More may be expected aa cool weather makea mining more attractive. Offering Circular May Be. Obtained From: Our specialists will be glad to furfacte and nish you figures as to production records of uranium companies. Let ns assist yon in choosing profitable mediums of 529 Newhouse Building Saif Lake City 1, Utah mww mm mue msm mmtmm hmu mmb mm investment. mmm mmu mi Please send a copy of the Offering Circular relating to Whitelock Uranium Company to: Name: Address: ! : HOMESTAKE announced a TO PREVENT the metals from building up a new surplus, the government will seek cooperation of foreign countries in not again flooding the domestic foaxket. It also will acquire foreign lead and zinc for a supplemental 'stockpile through exchange of surplus foods. measures and make appropriation recommendations to Congress early next year if his present course of action does not accomplish the objectives sought. BASE METAL PRICES rose sharply on the London market and futures scored good gains on the New York commodity exchange. And on Wednesday the price of lead was boosted to l4c a pound to 14 l2c. A zinc price increase is expected to follow. on its new level. Leasers are mining high grade ore from this ore body above the 400 level. 800-fo- ot lead-silv- er CORNUCOPIA GOLD MINES is planning an immediate exploration program on four uranium prospects in Emery and Wayne counties, Utah. LEAD is needed in atomic energy. We all know how lead is used to shield us from X-ray- s, for example. Well, lead could be In huge demand in the years to come to shield people from atomic rays, including both atomic radiation from wartime weapons and from peace-tim- e atomic power plants. Ore Found At Ogden Ogden, Utah-- Dee Spiers and Iris Jones, prospectors have reported discovery of valuable ore Katie Ann deposits on their claims, located five miles north of Ogden, which they claim assay 1.930 uranium oxide. Spiers said the assay of specimens taken from the claims was made by Crismon & Nichols of South West Temple Salt Lake. The two prosStreet, have nine claims comprispectors the Ann. Katie ing 229-23- 1 Zinc Output Up THE SPOKANE STOCK EXUnited States production of CHANGE enjoyed a brief boom zinc oxide (lead-fre- e and leadwhich saw volume reach the high- ed) in June increased 19 percent est level since late spring before above the low output in May, trading died down in the face according to the Bureau of Mines, of a declining New York market United States Deparment of the Golconda set the pace in the Interior. Lead free Ring oxide turn- production increased from 10200 rally, with a 30,000-shar- e over in one day. Many good gains tons to 11,300 tons and output also were scored. Press dispatches of leaded zinc oxide rose from from New York said the bulls 1,800 to 2,900 tons. are confident their bull market Producers stocks of oxide dehas not yet reached its peak. clined for the third successive COPPER DEMAND turned up month; inventories totaled 0 tons on June 30 compared sharply because of labor strikes in Chile and the U. S., which with 25,000 tons at the end of have cut off about half of normal May. Of total ending stocks in production in both nations. June, 14,400 tons were lead-fre- e SILVER DOLLAR declared zinc oxide end 8,300 tons the Dividend No. 17 for 3c a share leaded variety. on Class A stock and 3.3c on Class Shipments of both types of B. The $54,376 disbursement will oxide increased substantially in be made September 30 to share- June; lead-fre- e zinc oxide inholders of record September 10. creased 13 percent to 12,900 tons The firms dividend total then and the leaded grades gained 29 , 22,-70- ium H AVENOR-- C AYI AS, INC msss The ABC seeks all the domestic uranium ora it can obtain. Officially the A EC cannot buy more than 1,000 tons a year from any one miner. Still, it is committed to paying generously for uranium ora until April, 1902. This means eight yean In which a uranium rash could develop beyond the moat fantastic hopes of prospectors, miners, millers, speculators and investors. OFFERING Common Stock Soma mine-owngrone $2,000 a day. This la the 1984 equivalent of the $500 a day earned by aome lucky Forty-Nlner- a in California. Uranium claima of standard also have brought aa much aa $125,000. This almost rivals the richest Klondike gold claima. Many optimists think development of uranium means the end of coal, gaa and oil industries. They aay after 1960 no more new oil burning power plants will he built in America. $54,703. ends to $182,476,744. WHXTEDELF is concentrating IMPORTS of on opening its South ore body According to a geological report provided by Geoprofessional FIRST REACTION of many Services, Salt Lake, the Santa Fe Uranium Company, C. W. domestic zinc-lea- d producers was Nash, Vancouver, Washington, disappointment that the PresiPresident, has a total of three dent had turned down the U. S. tracts of 160 acres, with between Tariff Commissions recommend23,500 and 26,000 tons of blocked ations for higher tariffs on lead out ore, near Grants, New Mex- and zinc imports. But later a ico. spokesman for the industrys emlead and zinc committee ergency According to A. J. Eardley, F. said there is no question but W. Christiansen and Norman C. the expanded stockpiling that Williams, geologists of Geopro program will provide a strong fessional Services, it Is a strip' shot in the arm to revive the ping operation, (taking off the mines if properly administered overburden) and will be offered to that end. to the public in three weeks. It COMFORTING TO THE INis said Santa Fe is the first urawas the Presidents proDUSTRY nium company to come out with to ut mise blocked-oconsider even more ore. & CO. will be $959,083. Recent drift work in the New Purim area has opened more ore of the 3200 level, the company announced. LINCOLN, which gets its revenue from' royalties paid by Silver Dollar, distributed its 25th dividend, amounting to $12,489 or lc a share, for a grand total of third quarter dividTHATS $130,000,000 WORTH end, payable September 10 to at current prices. Its enough to Stockholders on the books zinc and lead to fill 10,000 rail- September 1. The $803,928 disroad cars, or 200 trains (at 50 bursement will boost total divid- far-reachi- ng J. A. HOGLE Hites DOXEY INVESTMENT COMPANY ! 60 South Main St. Phone NED J. BOWMAN COMPANY BROKERAGE FIRM We Specialize In Uranium Underwriting 10 West 2nd South Phone Salt Lake City, Utah ' TWX299 5-53- 81 |