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Show Septemhei 9. 195S The Western Mineral Survey, Salt Lake City, Utah Page Two CONSTRUCTION AT UTEX Editorials WESTERN MINERAL SURVEY Due For A Rally News 431 Church Observers who visit the Salt Lake Stock Exchange daily, are of the opinion a substantial rally is due in practically all of the listed stocks on that board. metal firms listed on the New York Stocks of Stock Exchange and the American Exchange, have already sponded to the pattern initiated by the rise in the price of these metals. It appears inevitable that a similar situation must soon prevail on the Salt Lake Stock Exchange where a substantial flurry is freely predicted. Entered aa second class matter at Salt Lake City. Utah, under Act of March X 1878. non-ferro- us Subscription rates: $5.00 for one year. Costly, Educational Frequently costly law suits have arisen through discovery of high grade uranium ore on property lines between the holdings or claims of two neighboring exploratory groups. Sometimes is becomes necessary to go to the courts to quiet title to disputed inches of ground, establishing beyond a question of doubt, legal rights of respective litigants. An interesting case in point recently arose in Fremont county, Wyo., when, in September, 1954, Mountain Mesa Uranium Corp., purchased the partnership of Metallics Unlimited, and acquired all of its properties, including the Hazel group of claims in the Green Mountain-Crook- s Gap area. A short time later, property lines were disputed by an exploratory organization immediately adjoining. Charges of trespass were made by Mountain Mesa. A court decision gave Mountain Mesa full title to all the property that had been included in the original injunction and suit. On July 18, 1955 Globe Mining Co., of Casper, Wyo., asserted a claim to ownership of a portion of Mountain Mesas most promising properties in the Gas Hills area of Wyoming known as the Sunset claims. These claims were held by Mountain Mesa since its inception. Some high grade uranium ore veins were reported encountered on these claims in June and July of this year. The lawsuit by Globe will be one of the most interesting to come to trail in the new uranium industry in the State of Wyoming. The public will soon learn what the courts will allow in the matter of locating uranium by aerial reconnaissance ,as Globe is reported to have done) versus locating uranium on the ground under the laws which were promulgated during the widespread search for gold and silver in the past. lor two years: $3.00 Please mention Western Mineral Survey when writing to advertisers. Adrer Using rates on application. HAHST B. MILLER GAIl FELTCH O. D. QUINLAN F&ANCES JENKINS L. M. HILL A recent visit to the Utex property owned by Charles Steen shows ever increasing development above the ground as well as below. Behind the present com-issaREADY FOR WINTER Law Suits Advertising - Circulation Phone Street Salt Lake City, Utah Publisher Editor Feature Editor Adv. Manager Contributing Editor ry (white building) Mr. Steen is building a new eating place. Further up the hill are sturdy dormitory and apartment type living quarters for some of the fifty men he employees the Utex mine. DENVER News - BUREAU Advertising Circulation 733 Kitteredge Bldg. NORMAN LEVINE Denver, Oslo. Bureau Chief For the news of most significance in the mining and oil world. US. Mines In Danger? All news appearing in the Western Mineral Surrey is obtained from sources believed to be reliable but no responsibility is assumed for accuracy of Herres Fears High Prices May Attract Foreign Zinc Reproduction of any material from this publication must have written permission from the publisher. By O. D. Quinlan Circle Cliffs Firm Despite a warning by President Eisenhower, imports of base metals from foreign countries to the United States are now aver- Builds Ore Piles Officials of Circle Cliffs Uraaging 50,000 tons per month, according to Otto Herres, vice nium Corp, disclosed that ore is president of Combined Metals Reduction Co. now being stockpiled from three Herres said he is apprehensive lest the higher prices of zinc, mines, providing selective ore for lead and copper, for domestic consumption could attract higher shipment. Surveyors are on the ground imports, and nullify to some extent the benefits gained. this week making surveys and A little over a year ago, when the price of copper rose 13 cents monuments of the companys 93 Eisenhower approved the stock to 43 cents with aluminum ad- claims. piling program, he requested the vancing in the past year, approxState Department to warn foreign Weakness in the whole situaimately three cents per pound to producers not to take undue ad- a present ingot quotation of 24.4 tion, Herres said, is that stockprovantage of the compared with a former price of piling is a temporary measure, gram. 21.5, even with govern- and once that temporary prop is Imports for the first six months ment stock piling.heavy withdrawn the mines have no of 1955 have been slightly higher, said he believes it will assurance what will' happen in Herres according to statistics than for be healthful for the mines, al- the future. Further, he said, the first six months of 1951. treatment after no mines have though paying protection against With zinc imports running as and allowing for metero-logic- the imports that are coming in charges heavy or a little ahead of last charges the mines will get at a heavy rate, and increase of year, Herres said he is appre- only one third of the increase. price is going to make an inhensive our increase price doHe pointed out there is a very crease of production all over the mestic wise, may stimulate formore producheavy consumption of zinc all world and eign imports, while mine produc- over the world at the present tion comingpossibly into this country. tion is almost at depression lows. time, with the British market is where the danger lies This From 1941 to 1952, a period of strong and our domestic market for the mines of the United 12 years prior to the Korean outdue to the he He added. displaying States, pointed out break, he pointed out that this government strength, zinc most that recent the taking surplus country produced at the rate of off the market which has the proposed was to have legislation a flexible 600.000 tons per year, whereas to- effect of world supporting prices. tariff. 0 day, mine production is only tons a month, taking account of the first six months of 1955, or roughly 500,000 tons a year. This indicates Herres says, that the United States market has lost 100.000 tons of production this year, on an annual basis, to imports from foreign countries. For 12 years prior to the Korean war, he said imports ranged from 197,000 to 391,000 tons, for below our domestic production. Today, he estimated foreign imports are averaging 50,000 tons Who . . . per month, which on an annual basis is 600,000 a year. In other words, when President Right now the circulation of the WESTERN MINERAL SURVEY Eisenhower told European imis keeping pace with the uranium industry in general booming! porters to go easy, they apparentKeep posted on latest news and quotations by reading the ly paid no attention to the sugWESTERN MINERAL SURVEY regularly . . . every week. gestion, Ilerres pointed out. The advance of one half cent on Tuesday in the price of zinc SUBSCRIBE NOW! which rose from 12 cents to 13 cents was a healthful condition as I 2 years $5.00 far as the mines are concerned, $3.00 year the Herres declared, although price has actually advanced only Circulation Departments two cents since thegovernment 722 Kitfredge Building began stock piling in June 1950 421 Church Slnel when the price of zinc was at 11 Denver. Colorado Sal! Lake City, Utah cents and that of lead was 14 stock-pilin- g al Will Spend Wisely New Mexico Indians to Get Plan Before Cashing Checks New Mexico Bureau Indians of the Acoma Pueblo of New Mexico, will have a $101,-11- 0 uranium bonus check some time this month, but they wont be spending the money for at least two years. The money was a bonus given by four uranium companies when they began operations on Acoma land in March. The companies are Freeport Sulphur Co., Panhandle Oil Corp., White Eagle Oil Corp. and White-Wel- d Corp. The Acomas complained recent- Prospector Sweet Dies In B.C. Major W. W. Sweet, one of Southern Utahs best known uranium prospectors, died at his home in Wednesday Vancouver, B. C. More than 70 years old the World War I veteran wa3 prospecting in the Raphael desert when he suffered heart sirain. DEAS0N NICHOLS AND Assay and Chemist 160 South West Temple Phone 62 ly that government red tape" was holding up the check. Dewey Dismuke of the United Pueblos Agency in Albuquerque said that the money will be in tribal hands some time this month. The Treasury Dept, had held up turning the money over to the Acomas until they adopted a raying what the money would be used for. The Acomas adopted a resolution in May, stating the money would be used for education, cattle, farming and other tribal benefits. Dismuke said the Pueblo council also stipulated that it would wait two years before using the money to see if any further benefits would be derived from uranium development on their land. The reason given was that if no more money accrued than that in hand, it would be used more 42,-00- ufacrife tlm! Interested In Uranium Activities? jjH t? cents. In a little more than a year, with the government paying heavily for stock piling, the price of lead rose but one cent to 15 cents while zinc was gaining, but two cents. At the same time, Herres said, NAME ADDRESS CITY Remittance STATE Bill me later |