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Show gusV8j;947 urvey, Salt Lake City, Utah' 4 Decline in Number of yoming Active Mine Firms Recorded i Oil Activity During the past year there has mining Is probably the only een a considerable decline in dustry which has not gone ahead At High Level he number of companies actively since the war. Production of the engaged in mining operations in old industry has been cut in half ureau Releases Final Utah Production Figures in- Prolonged labor strikes and continued shortages of labor drove 1948 production ' of gold, silver; copper, lead, and zinc in Utah to the lowest levels in recent years, according to the Salt Lake Office of the Bureau of Mines, United States Department of the Interior. Copper bore the brunt of the precipitous decline, and output slumped nearly 48 percent below that in 1945; gold dropped 36 percent, silver 33, lead 25, and zinc 16 percent. Despite appreciable - CASPER, increases for all Co. property, and the Columbia metals except gold ($35 per group and the Big Indian propounce) silver from $0,711 plus erty of the Ohio Copper Co. supto $0,808; copper, $0,135 to plied' 98 per cent of the state $0,162; lead, -- 0.086 to $0,109; copper in 1946. zinc $0,115 to $0.122 the value Lead of the five metals decreased 33 Lead production in Utah in per cent from $90,018,641 in 1945 1946 was the smallest since 1899. to $60,202,627 in 1946. Of the state total value in 1946, copper Outstanding in the slump were contributed nearly 62 per cent, the United States- & Lark group zinc over 11, lead 11, gold 10, and the Tintic Standard prop erties. About 83 per cent of the and silver nearly 6 per cent. state lead output was recovered Gold ores concentratfrom zinc-leThe yield of gold in Utah in ed, and most of the remainder in average prices in 1946 . 1946. Copper The output of copper in Utah .in 1946 was the lowest since 1938. owing mainly to a five-mon-th labor strike at the Utah Copper mine of the Kennecott Copper Corp., although all the No less than 458 comwere busy a year which panies igo have ceased work. Of the 531 mining companies incorporated in Canada during the past 12 months only about half, or 270, progressed beyond the incorporating lawyer's office and became active. Some 76 companies iormerly inactive resumed work. For the defections blame is argely attached to the difficulty of raising money for new mining ventures. There has been a marked, drying up of speculative since the putting of the Canadian price of gold a year ago, and the consequent descent of the industrys profits. This ias; brought a cutting of dividends, and a general dampening of gold mining optimism.' Gold Canada. . na 48 Working Capitol NEW . YORK The working capital of manufacturers continued to rise in 1946, the first full year of peacetime production, according to an analysis of retained earnings just completed Zln by- the National Industrial Mainly because of a labor Board. The rise amountstrike, output of ore in 1946 at ed to about $150 million for 214 the United States- & Lark group, Manufacturing L corporations the leading state zinc producer, The capital fell 43 per cent below that in of these dollar working companies at the end of 1945. Small declines in zinc out1946 was more than 75 per cent numat a were registered put than at the end of 1939. ber of other important opera- greater tions, but substantial- increases were made by the New Park 49 per cent of the silver, 98 per Mining Co. and the Chief Con- 5Sn;u0f,th5 Pper, 40 per cent solidated Mining Co. Zinc-leand 27 per cent of ore concentrated supplied 71 the zinc.lead, The Park City region in state zinc of cent the per produced more than twice as 1946, and old zinc slag fumed much ore. in 1946 as in 1945 and The most of the remainder. forged to first place among state were zinc of leading producers The tothe United States & Lark group tal value of thedistricts. Tooele old slag dump, and the duced increased five22metals proper cent New Park, Chief Consolidated, 1945 to in fV62-5CaluPark Utah Consolidated, Ore production met, Silver King Coalition, an the Tintic district in 1946 which Pacific Bridge properties, nearly 18 per cent from together contributed91 per cen in 1945, but the district of tiie total' zinc. registered gains in gold and zinc output. Total value of the Leading Districts five metals increase Among the three leading dis- S per cent produced from $2,926,511 in Mountain West the (Bingtricts, 1945 to $3,025,794 in 1946. ham) experienced the greates loss in production in 1946. Ore Ore Production output dropped 48 per cent beOre from the 88 lode low that in 1945, and the tota1 mines output in Utah in 1946 (89 in devalue of the metal output cent from : - Con-fferen- ce - - sam-Piw- . ad zinc-produci- ng , 0 de-crea- sed . 4J Per Jlined clined per cent from op.principal copper-producito,ns In 1945 to in to 1945 in $47,429,473 erations showed declines from 245,691 tons in 1946.' Most of the 7 1945. The Utah Copper mine, 1946. The district contributed loss was in copper ore and zinc-le- ad ore from the West Moun.the National Tunnel & Mines per cent of the state total gold. tain (Bingham) district. Of the total ore produced copper ore comprised 12.471,208 ore. 576,450 tons; tons; zinc-lezinc ore and old zinc slag, 105,-2tons; siliceous gold and silver ores 79,875 tons; leftd ore, er 11,700 tons; and ore, 1236 tons. ng 40 $79,-131,7- 15 , . ad 22 lead-copp- FILL OUT AND MAIL TINS COUPON TODAY 1 WESTERN MINERAL SURVEY 1 22Vz East First South St.( Salt Lake City 1, Utah 1 Gentlemen! in payment for 1 years 1 subscription to the WESTERN MINERAL SURVEY. ONE YEAR $2.90 TWO YEARS $3 1 Nome 1 Street City in. drum Hendry-Boltho- ff . v - Pump. drill press and miscellaneous tools. and 00 1947. The Canadian Mines Handbook is published by Northern Miner Press Limited, Toronto, and contains 424 pages. FOB SALE Hoist powered by 85 H Chrysler gem engine.' 1500 Watt Kohler light plant , 30x40 metal covered building. 40 it headframe, 2 orebins, metal covered. IV2 ton Chev. truck, 1938, dump and stake bodies. 100 gat per min. Pomona Deep Well 600 , . Ingersol Rand 368 ft compressor, powered by 70 H Cateplllar Diesel 36 sm . At Black Mountain Mining Company, Five Miles North of Delle, Utah 1 one-quar- ter Construction Of New Zinc Unit Slated FOR SALE The Western Mineral Survey for authentic reports on Mining and Oil developments in the West. rom . the . levels of a few years ago, and dividends are approxi- - of their formately mer annual total. These facts are shown by the 947 edition of - the Canadian dines Handbook, just published. The total number of live mining companies in Canada is 1,653, as compared with 1,765 in the 1946 edition, .when listings .reached an all time high. While gold mining operations, and particularly exploration. endeavors, suffered a relapse the Xandbook shows that base metal mining enjoyed a moderate expedition and there was a broadening of interest in iron ore. Due o metallurgical and other scientific' progress in which Canadians are in' the forefront several rare metals were added to he countrys production roster. Higher prices for. silver awakened many silver mines long moribund. The discovery of a new nickel range in Northern Manitoba;' comparable in extent at least with Sudburys, aroused the forming of numerous new companies. American ' Of the 270 hew incorporations EL PASO, Texas Smelting & Refining Co. is erect- which became active during the ing an addition to its El Paso year, 210 were incorporated . in smelter. The new unit, an entire- Ontario, thus again demonstratToronto's leading position in ly separate plant, is designed ing only for the recovery of zinc the mining business. Quebec had from the slag dumps which have 27 of the new incorporations, been amassed over a period of British Columbia 22 and Mani- , , years. The accumulation of lead toba 9. A of of sufficient deemed is prodevelopment significance slag portions and value to justify the was the .largo, number of foreign installation of the zinc plant, ac- operations . Upon which Canadian cording to R. D. Bradford, gen- companies embarked, during the eral manager, Contracts have year. Toronto and Vancouver been let, equipment has been were particularly energetic in acordered, and the completion date quiring properties, chiefly gold, in distant lands Higher foreign set for the spring of 1948. The process to ' recover zinc prices for gold, lower operating from slag was perfected in 1920, costs and taxes, and a high measThe first such plant was built ure of governmental stability of by Anaconda Copper Mining Co. policy, invited. Canadian mining at East Helena, Mont., and has engineers into many strange corbeen operating' ever since. ' In nels of the world. 1940 and 1941 similar plants were . Numerous . .enquiries about built at the Bunker Hill smelter, companies, long out- of circulaKellogg, Ida., by the Bunker Hill tion account, in part for the sub& Sullivan Mining & Concen stantial increase in the ' number trating Co., and at the Interna- of companies listed in the inactional Smelting & Refining Co tive section of the Handbook. plant at Tooele, Utah. A fourth Hundreds more of these complant is in operation at TrailL panies have been searched out B. C., owned by the Cons. Min- and their status: included as a service to persons who have in- ing - & Smelting Co. The process involves remeltini herited or rediscovered old share the slag in a blast furnace an certificates. Many of these dug-ou- ts are now almost forgotten blowing powdered coal and air into the molten slag. The zinc but occasionally a valuable equity content removed is zinc oxide is unearthed. That part of the fume which is caught in woolen Handbook dealing with quiescent and defunct companies deals prebag filters. This substance is white powder which will be cisely with their position so that loaded Into cars and shipped to holders of old stock certificates the AS&R zinc smelter in Am can ascertain whether these arillo for. reduction to zinc meta shares are worthless, transferfor market. able into share of live companies, One considerable item of ex- and so forth. Altogether the 1947 pense will be the filter bags Handbook contains 8,164 comwhich are made of the best panies, an increase of over 1,000 virgin wool obtainable. There from the previous record. will be 1000 of these bags, each In addition to complete detail 18 inches in diameter and 30 fee on active organizations, including long. The cost of each is $28. comparative records extending several years, the Handbook gives an eight-ye- ar range of mining share quotations up to June 30th, en-husia- . from lead, siliceous, and zinc-le- ad ores smelted and old zinc The United 'States fumed. slag & Lark group retained first place among state lead producers, followed by New Park, Chief Consolidated, Calumet, Park Utah Consolidated, and Silver Coalition properties, Tooele old slag dump, Tintic Stand ard mine, Butterfield property, and Horn Silver mine. These 10 properties furnished 89 per cent of tiie state lead in 1946. : . . ad 101,446 ounces from the 1945 output. Copper ore continued to be. the chief source of gold; supper cent of the state plying 75zinc-leaore followed d output; with 13 per cent, and siliceous ores furnished most of the remainder. One placer was active In 1946. The leading gold producers in 1946 were the Utah Copper mine, New York property, Tintic Bullion mine, United States & Lark group, and the National Tunnel & Mines Co., Calumet, Butterfield, and Tintic Standard properties, which together produced 96 per cent of . the state gold. Silver The slump of 1,988,092 ounces from the 1945 output of 6,106,-54- 5 ounces dropped Utah production of silver, in 1946 to the lowest figure since 1880. Zinc-le- ad ore, zinc ore, lead ore, and lead-copp- er ore together sup59 over plied per. cent of the state total silver in 1946, copper or 30 per cent, and siliceous ores 9 per cent; the remainder came from old zinc slag fumed. The Utah Copper mine was the leading silver producer, followed in order by the United States & . Lark group, New Park, Chief Consolidated, Park Utah Consolidated, Silver King Coalition, and Calumet properties. From these seven properties came 82 per cent of the state silver in ng that has activity characterized the Wyoming oil industry since early this year continued this week without abatement, with numerous new wildcat locations made and with several locations made in proven fields. One of the most interesting wildwells is California-Phillicat on Seven Mile, heading for the Sundance, with indications the well has gone through com mercial oil horizons in the Muddy and Lakota.. Sinclair is starting two important wildcats, one on Oregon Trail, the other on Granite Creek structure. Official reports this week on the General Petroleum deep test in the Badger Basin field, near the . Wyoming-Montaborder, Showed this well actually flowed, ten barrels of oil in four hours, on. drill-ste- m test of the Dakota from 9445-95feet The oil .was 47.8. gravity. Drilling is continuing to the Tensleep. ps , of Record-breaki- Wyo. . - .1946 experienced a sharp decline . ; gat steel tanks. 60 Ton Gravity Mill Crushing, Classifying, Two Jig Mills and i Four Tables Beds, Springs, Mattresses, Cook Stove. . WM. W. CHOATE State Delle, Utah. Manager 3 l a Write Wm W. Choate, Delle, Utah |