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Show April 13. 1956 The Western Mineral Suvey. Salt Lake City, Utah Fige 2 EDITORIAL PR Men Where? WESTERN MINERAL Utah's Kivett 'Sells' In Missouri U-Tra- SURVEY Editors Note:The following report covers a recent speech being The mining industry PRESS LORRA1NR de have particularly uranium interests tiven in Missouri before civic and business croups. This is Mr. been crying for some kind of a public relations program. Few Kivetts reply to eastern attacks on the western uranium industry. concrete steps have been taken toward this end. uranium industry, grown to a D. E. Kivett, Moab, has proved he is a man of action in JEFFERSON CITY, MO.-T- he business, is now in the walking stage and selling his field of endeavor to the public as well as building successful uranium companies. poised on the threshhold of revolutionizing our economy and His recent visit to Missouri was filled with speech-makin- g way of life within the next 25 years. That was the statement and prediction made hare today by appointments. Highlights of these speeches appear in the Survey Donald E. Kivett, native Missourian, president of Utaco Uranium this week. He points out that the mining business particularly ura- Co. of Moab, Utah. The Kivett, one of the youngest men to head has nothing to apologize about, and a lot to brag about. nium a successful producing uranium firm in the United States, has The record, in comparison with some past, stands clean. This is the type of public relations the mining industry needs addressed the Jefferson City Lions and Optimist dubs the past o three days, spoken to the Missouri House of Representatives, on a big scale. with state officials, and conferred What happened to those groups so eager to made television and radio now finding and mining the ore attack the problem a few months back. Maybe Kivett rein help are standing on safe ground. Kivett said the discovery of sponsor a working campaign. MEWS CIBCULATIOlf Street 431 Cfcnrch Phone EM 4-- DVEKTISIira EM Box 8608 multi-billion-dol- lar 38-year-- - 49 Salt Lake City, Utah Entered as second class matter at Salt Lake City. Utah, under Act of March 3. ISIS. Subscription rates: for one year. $3.00 t:00 for two years; Please mention Western Mineral Surrey when wrltlny to advertisers. Advsr-tisln- r rates on application. HABBT B. MILLEB Publisher to-d- well-intend- busi- uranium is This probably more imness is the cornerstone of a new portant than the discovery of fire industrial giant, the keystone to or the invention of gunpowder our defense and the touchstone and added that since mankind to more comfortable and safer learned to harness both for good living in the future, Kivett said. rather than evil, that uranium The present uranium rush is will be utilized in the future far more fabulous and fanciful mainly for the constructive benethan the gold rush of a century fits of civilization. He predicted that within a ago or the oil boom of forty years quarter-of-a-centur-y commercial past. and locomotives aircraft, In stating that the uranium ships, automobiles will be atomic-powerebusiness has passed the crawling that medical science will be walking, stage and is now revolutionized by the Kivett pointed out that the Se- greatly that all electricity will atom, curities Exchange Commission come from atomic plants and regulates the stock selling of ura- space travel will be through nium companies, and it is note- atomic power. ' worthy that not a single prosecuKivett quoted Jesse Johnson tion has been made against a com- who recently said, There is no pany and there are some 1,500 or doubt about the future importmore organized today. ance of this new industry only Back in the oil boom, when its timetable is still uncertain. there was no such regulation, look at it, uraSo, anyway Kivett added, thousands were nium is hereyou to stay, Kivett fleeced out of millions, and there added. In a few short years, the were fortunes lost in the 1929 United States has became the crash because there was no reg- worlds biggest producer of the ulatory body such as the SEC. ore and has done more than any The slick oil boom rackets can- other nation in experimentation. and they The uranium business has not be repeated proved I know that it can stand on its own wouldnt be, anyway. feet. thousands of people in the ura- It is the nuclear fuel that only nium business and theyre all in- will be commercially in available terested in getting the magic ore volume for years to come. There out of the ground rather than is no proven substitute. hoodwinking a widow out of her And Floyd Odiums recent sigsavings. nificant remark, I do not fear committee that we will A congressional get too much reserve last fall Journeyed west to in- of uranium ore in this country, vestigate the uranium industry. was a tipoff on the attiIt found absolutely nothing tude certainly leadof the more wrong with it and made not a ers in Wall Street. single complaint. The growing uranium industry in our western states has been subjected to harassment, half-truthuntruths, illogical arguments, unfounded charges and capricious attacks from a handful of people because this terrifically fabulous boom happens not to be in the eastern part of the United States. When men like President Eisenhower and Senator Clinton Anderson, Floyd Odium of the great Atlas Corporation, Henry C. Anderson, manager of General Electrics atomic power division; Jesse C. Johnson, the AEC director of raw materials, and hundreds of others, express their belief not only in the integrity of multi-billion-doll- Atomic Reactor Parts Method Told Bureau of Mines metallurgists have developed a low-comethod infor producing zirconium-allogots that will meet exacting specifications for use in building atomic reactors, Acting Secretary of the Interior Clarence A. Davis st y agreement with the Atomic Energy Commision and the Navy Departments Bureau of Ships, the proces is described as both economical and adaptable to present production practices. Zirconium now produced commercially with techniques developed by the Bureau of Mines and much in demand for nuclear energy uses as a structural metal rapidly absorbs harmful impurities from the air when disclosed today. Use of small metal pills, stirring of molten zirconium with an electric current, and remelting the resulting ingot are essential features of the method, according to a Bureau report. Developed under a cooperative molten. Stanolind Sues Employees For Breaking Confidence New Mexico Bureau Federal court action is scheduled to start next month in a suit filed by Stanolind Oil & Gas Co., charging that two former em-plo- es used confidential information supplied by the firm to further their own financial interests. The suit was filed against Jay J. Harris of Albuquerque, N.M., a former exploration engineer for Stanolind, and four heirs of the e late Lawrence Hine, a district landsman for the comone-tim- pany. Stanolind, one of the largest operators in tile state as well as in the country, contends that Harris and Hine, while farming out oil and gas leases in their capacities as employes in January 1950, made private deals in San Juan County, N.M., with Stanolind lessees. They are charged with securing per cent royalties for the company while arranging 12 royalties for themselves. The suit also charges Hines with using confidential information to secure other valuable oil and gas land 2 in the name of his relatives. Hines heirs named in the suit are Mabel C. Senter, Edith A. Payne and Carroll Payne, all of Albuquerque, and Carl G. Hine of Gallup. The defendants have denied the allegations or that there was any breach of trust. Stanolind is asking for no specific amount of damages but for an accounting of the profits accumulated by the defendants and to be ruled the owner of all the leases and royalties in question. A non-jurtrial is the case, was filed more than a year which and a half ago, will start May 15. y Interested In Uranium Activities? Wfo Jfoht? . . . Right now the circulation of the WESTERN MINERAL SURVEY is keeping pace with the uranium industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. SUBSCRIBE I year $3.00 NOW! 2 years $5.00 Circulation Departments 421.Chnzch St. - P.0. Box 2608 Salt Lake City. Utah NAME Remittance ar d, far-sight-ed Editor STATE Bill me later AH news sppeariny In the Western Mineral Surrey la obtained from sources believed to be reliable bat no responsibility Is aeenmed for accuracy of statements. Reproduction of any material from this publication must bare written permission from the publisher. Pacific Officials DenyTonapah Tie Officials of Pacific Uranium, in response to many inquiries, labeled as groundless recent gossip regarding possible affiliation between Pacific Uranium and Tono-pa-h Gypsy Queen Mining Co. They said that not only have there been no discussion in this regard, but none is contemplated. No official or major stockholder of Pacific Uranium has bought any stock of Tonopah Gypsy Queen Mining Co., or has any interest in the company. Apex Ships Uranium First shipment of ore shipped from the Rundberg uranium mine near Austin, Nev. has tested 2 and 3 per cent according to Hugh Cameron, mine superintendent for Apex Uranium Company. The ore Is trucked to Battle Mountain, Nev., 96 miles from the mine and shipped railway to Salt Lake City. Ore varies from low to high grade, Cameron said, some run- per cent, a percentage still higher than ore from the Colorado Plateau. ore is selling for The $90 to $100 per ton; 2 per cent is $334.50 and three per cent at $500 ning six-tent- hs six-tent- s, the current uranium industry but the wonderful prospects for the future, then it seems to me that we in the western states who are Brokerage Company Names Salt Laker Ted C. Poulsen, Salt Lake sehas joined curities trader, Cromer Brokerage Co. as head of that firms sales and trading department. SPRING PROGRESS REPORT was announced by Appointment Fair weather aids progress at the Golden Relief Tunnel No. 1 Lyman L. Cromer,, president of where mining crews are poshing toward a hallojrsite ore body. the company. President Ben IL Bullock expects the ore body to be opened Mr. Poulsen has been trader in the near future. Property is on the Santaquin Mountain east on floor of Salt Lake Stock Ex- of Santaquin, Utah County, Utah. Viewing mine operations are Ray change for Merrill, Lynch, Pierce, D. Steele, Clifford Smith, Pres. Bullock and Superintendent B..Vern Fenner & Beane. Prior to associa- Bullock. tion with MLPF&B, he was a A three company interest in the mine is shared by Utah Galena trader with Pett & Morris Oil .Corp Syndicate Oil and Mineral Co. and Delmarva Oil and1 . : ADDRESS CITY GAXL rXUTCH ed (1946-49- ). Mines Corp. |