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Show Pacv Legals . . . (Bis; Horn Gets Golden Cycle Slows 1 T (Continued from Fare 8) 4 111 Iran, for voluntary withdrawal of U said corporation from the State hr of Utah, as presented to the DIsIftV VjOlO. trict Court of the Third Judicial I District in and for Salt Lake OGDEN, UTAH Big Horn I Natural Gas, Oil & Mining Corp. County, State of Utah, now on I obtained a 25 net interest file with the Clerk thereof! will - in twenty acres in the town of Colorado. The first wen, March, 1958, at 2:80 oclock PJJ. to a depth of Iut of said day, or as soon thereafter 106O feet, was swabbed for 16 as the matter can be heard in the I hours at the rate of 60 barrels of court room of the Honorable Di- 43 degree gravity oil per hour. and tanks are being moved vision No. 1, one of the Judges of I d the Court in the in. fractures in City and UtahL Building at second well A J1 Mancosshale. Lake City, 250 feet to bee.? spudded in WITNESS the hand of the oul Clerk and official seal of said I Court this 23rd day of January,! Big Horn's partners are the Interests of Rangely and 1958. the Homestead Corp. of Salt Lake ALVIN KEDDINGTON, City. The Wasco Refining Co. of Clerk Rangely has contracted to take (SEAL) all oil at $3.15 a barrell, f.o.b. the By JACOB WEILER, well. There is no limit on proDeputy duction from the shallow zone Crltchlow, Watson and Waraock, in the Rangely Field. Present Attorneys for Petitioner to drill ten wells. are plans Date of first publication JanLocation of the first well Is Sec. uary 31, 1958. in the town of RangeThe second well, Colorado. ly, NOTICE OF ASSESSMENT which has been spudded in, is Notice is hereby given, that at I located 250 feet south of number a meeting of the board of direc- - one, tors of ALLIED OIL AND MIN. I vnrn tn ln add,Iti ERALS COMPANY held on Feb- Cloud Oil & ruary 6, 1958, an assessment of I wther with Gold a 40 has Joint cent per share I Minerals Corp., in acres was levied on the outstanding working interest ln 20,800 I a on which gas stock of the corporation, payable the Uintah Basin near future. the in is well to ALLIED O L I planned immediately I JtlOlCIlllSS Kflllff 1 vL i p Golden Cycle Corp. of Colorado Springs, Colo., is reducing pace of its uranium operations ending a ready and assured market for ores, Merrill E. Shoup, resident, reported to stock- Uuj, . holders. The firm's operations are ln 1 Colorado, Utah, South Dakota and Wyoming. above-entitle- Mr. Shoup reported there had een a "drastic cut" in its Black be-o- re "This was obtained during November at about which time the Vitro mill (Vitro Uranium Co., a division of Vitro Corporation of America) at Salt Lake City reorder from ceived the Commission the Atomic Energy similar to that which all other mills had received. cut-ba- (c) - AND MINERALS COMPANY at 4MMW Building, Salt Lake City I Pipene Company wa CaaItC M 1 Wl sessment may remain unpaid on March 8, 1958, will be delinquent I and advertised for sale at public I .15?iha lTTfA: Co. which auction, and unless payment la I of of an in- construction seeking made before, the stock will be transmission natural terstate gas sold at the office of the Company, 409 Ness Building, Salt Lake City, line from Uintah Basin to Salt Fuel Utah, on April 14, 1958, at 12:30 Lake City serving Mountain P.M. to pay the said assessment. Supply Co., says that Paradox together with cost of advertising Production Co. if this city is not our exclusive agent for developand expenses of sale. ing gas contracts." The pipeline K. RYAN, will be operated by Trans-Uta- h Secretary which has not yet selected a con trading firm for construction. NOTICE OF HEARING UPON The firm is considering several APPLICATION FOR operators in this latter connecWITHDRAWAL tion. The line would require ap- Utah Public Service IN THE DISTRICT COURT OF Poval of the but not Federal Commission, THE THIRD JUDICIAL DISTRICT IN AND FOR THE Power Commission COUNTY OF SALT LAKE, Any stock upon which this as- - SSiS STATE OF UTAH i In the matter of the voluntary withdrawal from the State of Utah of TOKLAN OIL CORPO- RATION, a corporation of the State of Deleware. I m Standard Ull LiO. rLOCateS OlSt wr ll Well New Park Mines Trim Loss by Lease Method lead-silver-zi- Here again the cutback on pro curement of uranium concentrates by theAEC poses problems, he said. 41-31- B, of 1 Who pays the lost taxes? Thursday, February 6, Lbted Stocks ary . (3-7-5- 8) stock. A detailed stockholder report is In preparation on New Park, Mr. Cranmer said. 1958 Hill Cardiff Chief COns. Comstock Uran. & Oil Cons. Eureka Croff Oil Dragon E. Crown Point East Utah Eureka Mines Eureka Stands Qold Chain Croff 0112000 Horn Silver Tntermtn. Pete. Kennebec Keystone Leonora Little May at .65; 300 Moscow New Park New Qulnej North Lily 3500 .03 .05 1000 at at .65 at .03: .01 1000 at .03; Silver Shield 5000 at .01 Silver Standard 1000 at .03 South Standard 1000 at .15 Tar Babv 1000 at .23; 1000 at .23 Uhlted Pk. City 100 at 1.10 . 5000 Western Alloys 5000 at 2000 at Comstock .05 295 .05; 1000 at .05; Curb Sales at .14 5000 at .05 Eureka Bullion 1000 at .05 Little May 5000 at .01 Mono Kearsaree 200. at .20; 1000 North Lllv 500 at .63 Park Konold 5000 at .01 Silver Standard 10000 at .03 Trans-Uhlo- n 4000 at .03 East Standard Plutus 200 Park Konold at UTAH MINING ASSOCIATION "from fho earth comes an abundant l!fa for all" . Xno. at East Utah 5000 at .13 Mono Kearsarge 1000 at .19: 1000 at .19; 1000 at .19: 500 at .19 New Park 500 at .75 North Lily 500 at .63; 400 at .63; Royston re-exam-ine 7, 1858. 10-1- AEC for Salt Lake County, State of largest producer in Utah portion of medium to low grade ore which Utah, now on file with the Clerk I of the Uintah Basin, must be produced at a fast rate is lo-- to make the The new well, thereof, will be heard on the day operation profitable." March 26, 1958, at 2:30 o'clock cated 611.7 feet from the south While some properties may be P.M. of said day, or as soon there- - line and 584.5 feet from the west after as the matter can be heard line of northeast comer of Sec-i- n acquired in this area, generally the Courtroom of the Honor-- tlon 32, Township 7 South anc Golden Cycle is "not jutified in able Division No. 1 one of the I Range 23 East. acquiring properties until it Judges of the Above entitled Court in the City and County Building at Salt Lake City, Utah. WITNESS the hand of the Clerk and official seal of said Court Conditions In mining have forced some Utah mines to shut this 3rd day of February, 1958. down, others to cut production sharply and still others to ALVIN KEDDINGTON, operations to be able to continue to produce. Clerk lost taxes. This loss must be met the results of net One By JACOB WEILER, individuals and the burden will fall on other taxpayers Deputy and businesses. Healthy mining benefits all Utahns, so all CRITCHLOW, WATSON & should support efforts to return mining to its former vigor. WARNOCK, contract which, among other things, relates a sliding scale payment to New Park on basis of ore grade. New Park went into the leasing system as an alternative to closing down under impact of high wage levels and Increased material costs along with low price for nonferrous metals occasioned by a flood of imports of these metals from foreign operations. Mr. Cranmer said Wednesday that shareholders of New Park could expect the Lucky Me Uranium Corp. mill to be. operative this spring with benefit to shareholders. The firm owns between 2 per cent of Lucky Me stock. Utah Construction Co., Salt Lake City and San Francisco, owns about 60 per cent of Lucky Me plicated Salt Lake Stock Exchange as were Blf 1 Attorneys for Petitioner Date of first publication Febru- nc . regulations. the State of Delaware, for volun- - Standard Oil Company of Cali for its He said that the quota had not tary withdrawal of said corpora- - fomia has made location Wash in yet been assigned but at Field Red as 81st well of State Utah, tlon from the that it "was presented to the District Court of Uintah County. The field was highly important to us, since we the Third Judicial District in and first discovered in 1951 and is the have developed a sizable tonnage . . ' all other shippers to the Edge-mo- nt S.D.) mill was advised late in December that a cutback had been imposed and the mill must necessarily make a survey of all shippers, present and potential production to comply with CORPORATION, a corporation of . "Due to the fact that properties in Marysvale, which we are New Park Mining Co. cut its operating, had little or no proosses substaintally by putting duction record in the immediate Its to them the quota assigned past, Mayflower mine on a leasing was drastically low. system during part of 1957, W. H. H. Cranmer, president, re'We first yere assigned a quota ported Wednesday. a tons few a month; of 1,000 He said the net loss for year weeks later this was reduced to Dec. 31 1957, was 22,361 500 tons a month and then to 300 ended as un-il against a loss of $146,024 when ons, which is now our quota further notice. As a Tesult of 'few Park operated the Park City his action we have been forced district producer. to make a drastic cut ln our operfigures are after depreciation but ations and are mining as high before depletion. Under arrangements instituted grade ore as possible to incure continuance on a very limited some three months ago, 60 indi)asis hoping that our quota will, vidual leasers are at work at the mine. in the near future, be increased. During December and January, Mr. Shoup said production from few Park reported a profit from properties of Giant Resources in these operations to itself. Shipwhich Golden Cycle holds 50 per ments of 94 cars of ore with gross cent interest, had increased t value of $132,677 was made be5,000 tons monthly. He said the tween Jan. Wan. 28, Mr. Cranproperties in Black Hill of South mer said. Dakota and Wyoming were operThe lessors work under a com ating at a profit but that production must be increased to show the "desired profit" Copper Buying Still In Slump Copper mining curtailments here and abroad have failed so assured of a ready market for our far to spur consumer buying. Trade sources say cutbacks reores," Mr. Shoup said. made by Phelps Dodge "It is believed that the restric- cently in Arizona, Corp., by Kennecott tions on 'yellow cake production Copper Co. at three U.S. mines y the mills may be lessened in and by Katanga in the Belgian he near future; but since this Congo should help eventually in is conjecture only, the manage- bringing output in line with dement is nqt making any large fi- mand! nancial commitments to acquire They note it will take about additional production at this 90 days for these cutbacks to be time," he said. felt in the market. So test of cutMr Shoup reported that ice, backs may come some time in cold storage and dairy divisions, April. real estate division, etc., all reMeanwhile, copper rose sharpported gains, Gold operations ly on the open in London. But sontinued on a profitable basis, it dropped back to Fridays close ut necessity of exploration in thi0 at the close Monday on the LonCripple Creek area was stressed. don Metal Exchange. The upward The firms coal mine was closed rise was attributed to news of the )ut sales of rock, sand and gra- American Satellite and as there vel increased. was no forthcoming demand in He forecasts a lower net pro- the afternoon, quotations sank fit for 1957 compaired with 1956. back. ck Golden Cycle Corp. --n Red Wash Field application Marysvale "This operation required considerable development work production could be maintained on a steady basis." he said. (2-28-5- h' operations at Sear district in southwestern Utah. Col-tha- rp one-fourt- Pace In Uranium Operations i 7, 1958 Friday, February THE WESTERN MINERAL SURVEY 4 at .19 |