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Show Jane 8, 1956 The Western Mineral Survey, Salt Lake City, Utah Page 8 Cons. Eureka Strikes, Notes Ore Unlisted Uranium Quotations u of Jane 7, 1956 Eureka Mining the new drift at the 400 level enConsolidated Co., Salt Lake City, this week re- countered a bead of ore last week. ports heavier mineralization and The lateral extent of the ore has favorable showings in an appar- not been determined. ent extension of the Cons Eureka has been shipping ore body at the old Diamond from the 300 foot level for the Mine in Eureka District, Eureka past two years. The incline at the 500 foot level proved unsuccesscounty, Nev. street a rumors strike ful. of Early at the mine sent Cons Eureka Cons Eureka, under President stock from 90 cents to a $1.20 high James E. Hogle, reported in their Tuesday; it was back to $1.15 annual statement that there were Thursday on the Salt Lake stock sufficient reserves in the old ore exchange. body to pya for 1956 exploration to and development costs. officials company According lead-silver-go- Abajo Alpha Ur Alpine 01 00 Shoni Uranium Corp. is contemplating a return to the market in mid-July- ', company officials report this week. At a stock- Alco American 19 00 Snchess Am. Arrow holders meeting scheduled for June 22, the company will vote on a proposal to increase the outstanding stock from a $100,000 value to $200,000. Atlai Atomic R. Banken Bapco Baggs Beacon Beaver Mesa Big Bend Big Horn Big Indian Big Finer Black Hawk Bleak Uran. Blue Lizard Bonn Basin Br. Wst. Am Buckeye Clyde E. Weed becomes pres- ident of Anaconda Co. on July 1, succeeding Robert E. Dwyer, 71, retiring president. He has been vice president in charge of operations .since 1952. ; The new appointment also makes him president of three subsidiary comChile Copper Co., Chile panies Exploration and Andes Copper Calamity C Carbon Cataract Ur. Chleftlan U. Chute Can Congo Consol. Ur Congress Circle Cliff Mining. Col-U-M- ex Comanche Coronado Crestline Dynamic Greenfire and Republic Uranium Companys are now in the process of negotating with major firms on their holdings in the Ambrosia Lake district, McKinley county, N. M. reports indicate. Elaterlte El Dorado El Rico Empress Federal 1 Oem Gold Cloud Or. Tellowstone Great Chief Green Fire Peale Uranium Corp. Salt Lake City, is negotiating on a drilling contract for work on their uranium lease on New Mexico State School section No.. 16, Ambrosio Lake area. No agreements have been made, according to company officials, but a 50 per cent working plan is in the offering. The company finished its fiscal year May 31 and is now preparing a report to stockholders. Mount Green River Gunslte Hercules Homestead Horse Canyon Inti. Metal Imperial Jewel Jolly Jock Justhelm Kane Creek ....... Kaibab Knapp Lightning Lisbon Lucky Me Lucky Star Marble Canyon Mayday Mineral Mtn Moab King Moab Uranium Mont. West Mor G ft O Mt. Mesa Mt. Valley Mt. Peale Ol Jato Olympic 2.00 7 00 00 00 00 00 .00 .00 .00 .06 Pathfinder Pennell Plneco Producers Radiore Radorock Republic Rocket Min Royal Sahara July. Still holding top spot in the news in the New Mexico area is Uranithe merger of Pinon-Sabr- e um companies. Joining with American Metals Co., this new concern has plans for extensive development of properties in the Ambrosia Lake area. Stockholders of both companies okehed the merger on a basis of two shares of Sabre for one of the new corporation and one share of Pinon for one of the new. American Metals has a $4& milinterest in all lion or properties and will handle all operating and mining in the Grants area. A finance plan is now underway for construction of a uranium mill by. the company. one-quarte- Salt Lake Stock Exchange Thursday June 7, 1956 The quotations listed below are obtained from sources regarded as reliable, not quaranteed, but believed to be correct. (x Indicates Operating Companies) Listed r Bid Stocks Asked DENVER Over-the-Count. er Following are bid and asked quotation for uranium stocks. Transactions In these stocks depend on a buyer or seller In each case. For this reason, these do not repactual transactions. These figures Swank Drilling Co., Moab, is resent represent the range In which stock can now drilling the third hole on be purchased from the seller (bid) and to the buyer (asked). Dealer figures, Producers Uranium property in sold on which these prices are based have been the Ambrosia Lakes area. Accord- expanded to include the cost of transacting sale to give the. figures shown In this ing to Jack Blackenship, Salt the list. Because the list Is compiled In adLake official of Producers the vance, some changes will naturally occur compilation and publication. For first hole showed .10 to .20 per between reason, these are to be taken only as cent U308 at six feet. The sec- this a guide. Prices Indicated are taken from ond hole showed no mineraliza- a consensus of dealers In Denver. Your dealer will be able to provide- you with tion of commercial grade. Late re- exact bid and asked figures at the time ports on the third hole are not of your trade. - .00 .01 conversion of appliances is the next step toward revolutionizing the small southern Utah towns fuel supply. The final link Utah Gas Service Co.s lateral pipeline from Monticello to the Pacific Northwas completed west pipeline this week. The entire Monticello distribution system should be completed by the first week in ld A consistent 100 tons of tungsten are daily being shipped to available. Producers property in Bishop, Calif, and Gabbs, Nev. Sec. 31 is on a farmout program from the Blackhorse Tungsten to Cataract Uranium Exploration Mine, southwest of Tonabo, Nev. and Ranger Uranium Co., BlankAn open pit mining operation enship said. is being used, according to Joel A. Producers also filed this week Burns, president of Lutah Uraon 10,000 acres of federal land nium & Oil Co., company holding interest in the mine. leases in the Aneth oil field area in San Juan county, Utah. BlankNatural gas conveyors reached enship said the company had no Monticello, Utah this week. The immediate plans for development. Wednesday, June 6 Seagull Shamrock Shumway Silver Buckle Spanish Trail Spencer Standard Stardust Sterling Strat. Met Sun Spokane Stock Exchange Temple Mt. Texas Thunderbolt Tlmco Trans. West Trl-8ta- te va Ulnta-Wy- o Ula U. N. Beryl va Upetco Uran. Corp Uran. Ind Uran. King Uran. Bv Uranus U. 8. Uran. xlndlcates Operating Companies Walters White Can Bonanza 1000 Bristol Silver-20- 00 BullUon Mng. Utaco Cardiff Tank Ur Yellow Cat Yellow Wing York Ur Stocks Sail Lake City, Utak Suite No. 4-- 39 Exchange Place Reports on Catract, Ula, Beaver Mesa and Silver Standard, sent upon at 21 3000 200 - Cromer Brokerage Co. Memkez Salt Lake Slock Ex. 5 at 3 at 2.12; 200 at 2.25 Chief. Cons., Com. 100 at 55 Colby Re all 2500 at 34 Comb. Metals 5000 at 12 Comstock 3000 at 20; 5000 at 14000 at 20 Cons. Eureka 700 at 1.05; 4600 at 3700 at 1.15; 5200 at 1.20 Cons. Eureka 2200 at- 1.15; 50 at 200 at 1.15 Dragon 600 at 1.15 Whltelock Unlisted Bales at 1000 at 15 9500 at 7 Kennebec 1000 at 16 Lakeside 50 at 60; 300 at 70; 387 500 at 200 at 80 Little May 3000 at 011500 at 8 North Standard 1000 at 3 Park Konold 2000 at 5 Prosper 0111000 at 6 Royston 2000 at 3 Sliver Standard 2500 at 5 Untie Standard 600 at 1.00 Trans-Unio- n 4500 at 4 Wllllston 1000 at 27 Zuma 1000 at 5 19; 1.10; 1.20; East tSandard Great Western 77; Day Mines 100 at 1.60 20 Jack Waite 1000 at Polaris 1000 at 1.68 Western B 5000 at Intersession 200 at 2 1; Registered Golconda 700 at 19 : 500 Grandview 250 at 17 Hilarity 10.000 at Sunshine 100 at 8.00 Vew at 54 Unlisted Pend Oreille 200 at 4.30; Sun Con at 18 200 at 2 1000 Unlls Curb Bales 4.35 Bullion Mng. Markets The following quotations are complied from Information obtained from various brokers and believed to be correct .12 09 American Silver Over-tlie-Conn- Atlas 01 .02 1000 at 3 Rexall 2500 at 34 Comb. Metals 3000 at Colb. at East Utah 500 at Comstock 500 North Standard Wllllston 12 20 12 1000 500 at 27 at 2 . at 75; |