OCR Text |
Show Febmary.3, 1956 The Western Hlaeial Surrey, Salt Lake City, Utah Pag 8 Stocks to Watch B 7 O. D. QUINLAN Management of Prosper Mining expects to earn a minimum of six cents per share in 1956, which board room specialists pre-- 1 diet would make the stock worth cents a share.. Although Pros- per stock has had a rapid ad-vance in the last two weeks, some specialists are inclined to regard it as still within a safe buying range for both the short Kivett Gets Top Post of Utaco Temple Mtn. Investment Cited As 'Satisfactory' and long term capital gain. Green Wver Uranium might Monthly revenue from the Four States Uranium Co. of Colorado, lessee of the Mine, east of LaSalle, Utah, is xe ceived by Temple Mountain Ura-5- 0 nium Corp., it is disclosed in a progress report signed by Henry Heinecke, president He reported the Temple Moun tain investment in the enterprise has turned out satisfactory (with capital funds invested), now al most completely returned, and loans fastly secured, with market-thingabie securities available. The report added that new ores are in sight in the mine, of such grade and volume as to practical-sooiy guarantee continued profitable investment for many months to Stocks-Gramlic- h be a party to a merger. At 116 cents it is tight with all stock--1 holders unwilling to sell and no- body doing anything about push- ing the stock up. An important conference of directors is sched- uled at the week end, and an im- portant news release is looked for next week. I named president of Utaco Uranium, Inc., following the annual stockholders meeting held here Jan. 26. Kivett, formerly vice president of Utaco, succeeds George Burck of Moab as president. Bill Ilines of Moab was an indefinite period in the future. Despite winter weather, the report said every effort is being nade to keep the mill in opera-ion- . After March 1, the report predicts important increased revenue from the Mona, Utah, re-elect- ed secretary-treasure- operation. Stockholders mitting. Detailed reports on other Utaco activities, including the recent purchase of the Bradley lead and zinc mine near Telluride, Colo., also were given stockholders. Utaco headquarters are at lead-silve- Placerville, Colo., Utacos superintendent of mining operations; Michael J. Shestric of St. Louis.; and John F. Spalding of Jeffer- son City, Mo. Kivett said the directors will name a new vice president later. were informed Stockholders the incline shaft on Utacos Red Canyon property in San Juan County, Utah, now is in ore, and that Uie first shipment will be ward. He describes the mine as made within a week, weather an interesting speculative oppor- conditions and other factors per- Stocks-Gramlic- L(Uv,Ckl St" h?overa n5 (interest in tungsten property in Newfoundland, Utah,, a ird is about to acquire new acreage in that area. The company hast about 15,000,000 shares of stock floating. It was when underwritten over a year ago. Management of Sahara Urani-- 1 um momentarily expect a report from one. of their egologists who has made a survey of the com- panys oil land potentialities in Texas. One well is said to have come in and to be presently pumping. The plan is to drill ad-I ditional - wells. Management prefers to. wait a week until the I complete report is available. 1 24 08 .00 00 Mt. Mesa Mt. Beale Mt Valley Northwest Jato 01 . 01 00 06 Olympic Pennell -- Pathfinder 01 01 Producer Badiore .05 65 .01 Socket Royal Republic 01 Sahara 01 00 1.62 08 .06 Seagull Shamrock Shumway Silver Buckle Spanish nail Spencer -- 11 1.12 Standard Starduat Sterling Sun Temple Mt. Pezaa 01 2 18 04 00 01 .02 01 15 ' Thunderbolt Timco Trans West Tri-Stat- e 02 .05 .01 02 05 Ula U. N. Beryl va Upetco Uran Chief Uran. Corp Uran. Ind Uran. King- Uran Svc Uranus U. S. U. S. 01 .08 .04 10 .00 00 .20 05 .05 Lith Uran Utaco Utah Prem Walters White Cn Whitelock 03 01 X7 00 00 Tank. Ur Yellow Cat .01 .00 ACTION .07 X2 .02 .06 .50 .01 .02 .02 XI 1.75 .10 .07 .12 1.25 .02 .15 A0 .05 .01 .01 .03 .01 .17 X2 .06 X2 .02 .06 .02 .11 .06 .11 .01 .00 .24 .06 .08 X3 .02 1.00 XI .01 .02 I and shipping commercial ore which runs .26 per cent uranium and 1 per cent vanadium. The stock is selling at 13 cents a share and is regarded as attractive for Investment and speculation. .27 .08 .01 .01 .05 .02 .01 I (Continued from Page 1) mands abroad can force domestic prices abnormally high. Our chief objective, he is to develop a long range program that will at least protect domestic miners against ruinous floods of unneeded im- ported metals. He suggested that an import SIDNEY and MASCOT are re ported to have hit the jackpot on their Colorado Plateau ura- nium holdings . . . Drillings real hot. Coeur dAlene Mines Corp strong and active at 21 to 25 cents on reports they are approaching Rainbow territory which adjoins the Vulcan property, SETTLEMENT of the four, month tsrike of some 800 Mine Milil members at 16 mining operations in the Coeur dAlenes, including Day Mines, may be ovte next week, Union will ballo Tuesday or Wednesday on a new offer from the operators. Naildriver Oil A Mng. xPark xPark x Prosper Oil & Mnr. xRico Argentine ...... xSilver Shield Sioux xSundanee Oil xTar Baby Tintic Lead Oil Utah Con Sug. Com. Sugar Pfd. xUtah-Idah- o' Spokane Stock Exchange xUtah-Idah- o Victor Con. Wilbert Dahl Uranium Dawn Uranium Daybreak Uranium Gold Bond Golden Mess Gold Syn High Aurora ; High Surprise Hunter Creek Hypothetic Uncoln Lookout Mt Lucky Rri. Ex Mascot Mines Merger Met. Pine Cr Mineral King Mohawk Nabob (Treasury. The mining leader felt the Im-- I port tax would be effective, automatic and fair. It protects the domstic miner, but does not penalize needed foreign production, he concluded. Nancy Lee NaUonal Uranium Nev. Stewart New Era Ottawa Paramount Pilot Silver Plainview Reeves Maed Sheep Creek Signal Silver Bowl Silver Buckle includ-- I ed: C. E. Larson, national authorXI Yellow Winy ity on uranium and atomic enOver-t- h Silver Chieftain Markets ergy; Hon. Clarence A Davfs, un- .The following Quotations are compiled Silver Crescent information obtained from various Silver Dollar A dersecretary of the Department from Silver Dollar B brokers and believed to be correct. of the Interior and General PatStoeks American rick J. Hurley. AUaa .. Several sessions of the conferUembex Salt Lake Slock Ex. zurite Utah Lake Sail ence were scheduled to discuss Cilf, Sills No. 4-Exchange Place the improvement and encourageCallahan Con. Uranium Digest Upon Bequest ment of the comparitively new CDA Mines . . uranium industry. Miller Hill Miners Gold xMono Kearsargo Moscow xTrans-Unio- n the U. S. .prices fell below average. The proceeds of this tax, he said, would go into the U. S. 39 xMajestic Oil A Mng. - imported metals whenever the domestic price for a calendar month averaged lower than a certain base level. In the case of lead and zinc, Fletcher suggested a tax of two cents a pound on imported lead and zinc whenever Cromer Brokerage Co. j xLeonora xNev-.-Ta- con-Itinue-d, Other banquet speakers Moab. Salt LakeStock Exchange over-subscrib-ed Sterling Uranium management announced they have started a stripping operation on their Mon- ument Valley property. While this is taking place, the manage- ment is stockpiling low grade ore Kivett re-elect- tunity. The report indicated management feels that Challis will be producing revenue soon, along coveries are higher than origin- - with h and the ally expected and dump ores were Mona mines. It was announced handled during the initial weeks full facts and figures will be of the operation. available at the annual meeting. At the present time mill feed comes from underground sources. Raises have been driven into virgin areas and good grade mill ore has been discovered. On the surface and In line with the upward projected expansion of underground .ore exposures, Thursday,' February 2, 1956 The information listed below is derived he same typical ore is present, from sources reagrded as reliable, not the progress report declared, guaranteed, but believed to be correct. Asked Bid The board of directors declared Kelstered Stocks it seems certain that a lead ore body is being developed on this property. The Board claims that ore is present in sufficient volume and grade to supply the mill for -- in r. and Hines as directors. New directors are Everett Blackburn of s, tlon D. E. has been of Lake Salt Kivett City The report pointed out much wor khas been accomplished at he Challis, Idaho mine, where an attempt was made to pick up he downward extension of the r rich surface exposure of ore. Mineralization has been discovered in the lower tunnel, the report declared, and work will be resumed in the spring. Heinecke reported a road will be driven to the surface outcrops and ore known to be present, mined out and followed down- Magnolia is doing some big operating oil property in Wyoming and Utah which is producing modest revenue. This could appreciate substantially as n as it becomes possible to connect up with some pipe lines, Important news could arise any come. time before March 1. Heinecke reported the Company has placed a crushing end Big interests are looking at in operation near Mona, Tri 'State Uraniums property jig plant lead ores are being where war Craig, Colo and it 1 Just Utah, mlned and pressed lnlo possAle they will suggest a deal. trated form He added a, the Watch it for some favorable ac re- , lead plant function, imply, I SALT LAKE CITY .26 A0 .21 15 72 40 .02 07 .02 A6 03 00 .34 03 05 .32 14 .04 02 00 AO xYankee Con. xZuma Ur. A .41 .05 .10 .05 0 .04 J Oil I Z C M xUtah P. A L. Com. xUtah Fire Clay xAmalg. Sugar Pfd. xDenotes operating companies. .01 Sales J9 .04 .06 .15 .15 .07 .04 .02 18 XI 00 01 .05 .08 .02 01 02 .03 2.35 1X5 08 .08 10 .02 .11 .01 .08 .11 .02 .03 .03 .00 2X0 1.45 .11 .08 .11 01 .03 .01 58 .58' .65 .65 XO .70 .04 Big Hill 2000 at 4 Cl ay ten Silver 600 at 27 Cons Eureka 1600 at 1.30; 2800 at 1.35; 1890 at 1.40 East Standard 5000 at 27; 217 at 28; 1000 26 : 8000 at 25 Grand Deposit 1000 at 2 Gold Chain 11000 at 5 Great Western 4000 at 7 Kennebec 500 at - 20 Lakeside Monarch 1100 at 85 at 27 : 3500 at Majestic Oil 1000 at 5 Mt. States Dev. 13000 at North Standard 1000 at 2 Park City Cons. 1000 at 20 3; at 3 Prosper Oil 1000 at 15; 3000 at 15 Silver Standard 5000 at 1000 at 5: 12000 at 5 Swansea 1000 at 14; 1000 at 15; 3000 5; at 14 7; 5; Oil 5000 at 32000 1000 at 1000 at 7 Victor Cong. 4000 at 3 Western Alloys 1000 at 3 West Toledo 3000 at 16 Trans-Unio- n 1000 at 7; XI X6 .07 6.40 X0 .13 .06 2000 at 6; Curb Sales East Standard Grand Deposit 1000 2000 at at 26 2 Lakeside Monarch 100 at 85 Crescent Eagle Oil 3000 at 6; 2000 at 6 |