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Show October 21, 195S U. S. COST The Weitem TOO HIGH? Kiunl Sarny. Salt Lake City. Utah five New Machinery Improves Alta Stocks To Fletcher Says Moderate Stockpiling Will Cut Cost Page Ore Handling Methods, Report Says Watch electric slusher, Uranium Corp, at their joint equipped with a 300 foot cable, Alta mining operation, which The basic problem facing the domestic mining industry is working hey operate under lease from possessing an over-al- l that metal can be produced cheaper outside the United States Wasatch Mines, Inc. range of 300 feet, has been J. Parker, president of chased and installed by West than inside. Spokesmen for the lessees said Uranium . Mining Toledo Mining Co. and Olympic Shumway new installation eliminates the This statement was made by Andrew Fletcher, president of Corp., announced today that two handlings of ore substantialSt. Joseph Lead Co., New York, N. Y. at the Mining Congress Shumway has entered into a con-i- n ly reducing costs of material and to wlth vitro Uranium Co, to Las Vegas recently. labor. It has twice the capacity Fletcher defined many of the of the slusher previously used tion of a uranium mill near questions which the mining in- an adequate domestic mobiliza- production in the past, Oregon Blanding, Utah. dustry faces in the near future. ion base.' Pick nrSilver We haven't at thi time Mining Company Value of ore is reported by ofFrom a free traders point of With this background, I be-- rived at a decision as to what continues ore shipments from the ficials holding at $90 per ton, leve that we should disregard our proportionate interest would Flat Top mining district in the tonview, the simplest solution is to he free traders solution and try be in this proposed mill, but we Gateway area with operations net smelters $61.00. Large U. S. shut down the high-cos- t new ore of is uncovered to determine the best way for do hope that we will have the drifting toward a new ore body, nage mines, he declared, pay the said. domestic mining complete details .worked out which geologists estimate will daily, they the maintaining a for companies is subsidy ore The mining pitched downward some time around the first of the produce 1000 tons the resultant loss, ndustry." and extends in the face. forward He said that miners in the year, Parker said . . , . . , , , and then buy the required tonOfficials said they expect to add the United States are thankful that Spokesmen for Shumway 1 nage in the cheapest market, as he nonton another man to their crew. there are of lead zinc and have prices they feel the mill is a big step'that recommended in the Paley report A heater is planned soon in . . . , ., . . , the ore bin, to facilitate winter with the resultant dollars, been increased because of Gov- - forward in the companys long-- , eminent stockpiling. It must be range plans of future growth and iLrn.Bnn rmnrf foreign nations could buy U. S. shipments which are to be con ... a that the , us, ' recognized, however, per- expansion, enabling Company manufactured articles, automon.ct .?8U ng tinuous regardless of winter. ofmanent program not a temporary to participate in the milling of etc. With increased ore tonnage, biles, CK tTS Yer . ficials expedient, is needed because do-- ones own ore and in the milling g og describe the future prosb ver Ja However, domestic production mestic production has not been profits from the independent op-West Toledo and Olymof pects said he has received president of metals is needed for the econ- materially increased," he de- - eraton ores in the area. as tremendous. pic dared. It was pointed out by official. ! omy and defense of the Nation , Spokesmen for the two comI still believe that the best of Shumway that a nUU wiU give in fact President Eisenhowers panies believe, with the Cardiff Cabinet Committee on Minerals solution to offset the increased them a competitive advantage for , tunnel completed and functionPolicy has recognized that a cost production for lead, sine and sale of their ore after the 1962 ing, beneath the West Toledo strong economic and efficient do- other similar situated domestic end of the government's guar-1ld 1 approximately 50 and Olympic operation, they mestic mining industry is essen- metals is a moderate stockpiling anteed buying program as well l . will share profits from what is tial to the long term economic program when production is in as provide a larger depletion tax described as, a continuation of development of the United States? excess of consumption, coupled advantage, the old Columbus ore body, and Washington has further stat- with a moderate Increase in which earlier in the history of Numex Uranium offered at .03 ed that the market prices of tariff, as was recommended for Alta, produced many millions of B lead and zinc must be at levels lead and zinc by the U. S. Tariff cents began trading over the dollars worth of rich silver ore. that are sufficient to maintain Commission, or an excise Import counter this week. It sold Thurs- cents to .03 cents tax, as in the case of copper, that day at .02 would be suspended whenever Officials of the company tell us Green River Uranium Corp, the price was sufficient to per- - some substantial properties are mit the domestic industry to sur- - being acquired and some big has $100,000 in the treasury and from 15,000 to 20,000 tons of ore vive, he concluded. blocked out, it was disclosed Such a program has the foltoday by a spokesman for the lowing advantages: CRAHI 1. Would have the immediate ReOGCHlIZailOn company. The company operates on a VT affect of establishing U. S. prices SERVlei check basis with Green at a higher level than in the rest split By River obtaining 50 per cent of the gross return and the explora2. It would aid the American miner who needs help, but not tory outfit in Cortez, Colo, which HSSvlRiiglSj the mines the Denver property overstimulate receiving Bureau the production Survey other 50 per cent. The latter from foreign mines. DENVER The reorganization pays all mining expenses. 3. Due to the higher U. S. name the Rim' and change iipOito'61 Green River officials said the the prices, foreign producer rock an- - 50 was Company cent income Drilling is gross to TONjCRANISg per would continue market a porTrue-A. by Harry today each whereas the month, creasing tion of his production in our... .. . CRANE RENTAL! monthly expenses of Green River country, because he could afford bloodl stock-- 1 remain a Rimrock of At each meeting at month to pay the increased duty and stationary still net the same world price. holders, the plan for reorganiz-- 1 about $500. mOPIRATOR! The United States would con- ing the company, proposed by tinue to receive sufficient im- Colorado Western Exploration, Cteh ports to meet the requirements BRIDGE CARRIES Petroleum, of our manufacturers and regular March meeting, was GAS PIPELINE The plan been 4 The regular flow of lead approved a cal1 wiU be and comPleted made The world's largest pipe line 41 and zinc otres ..among nations 800X1 for old stock to be 8ent in suspension bridge was recently would still be subject to condi- th? !,tockn keJw ? completed across the Mississippi tlons of supply and demand and the automatic laws of the mar- !?ay g A plan span, 2,150 ,hfre ket place, which are fundamnetal Sn. ol nt a f t0 par to our economy. As a corn- - 0,1,"enty ? the of five natural line safe from gas pipe SHURTLEFF& quence, we would avoid the ser- on common of the of the flood rivert ravage, at. tons risks and objections waters. tached to artificial schemes such same At the A combination of tedmlcal meeting the name as international cartels, subsidies, was changed from the and acrobatic skill, the company and other forms of Government Rlmrock DfSmag Co lM to bridgJ 3,800,000 experiments. Rimrock Petroleum Co. We anticipate a great increase in the companys reserves, said NEW ISSUE August 12, 1955 Trueblood, and we look forward Men who know mining and banking agree to a stronger and greatly im20,000,000 Shares proved operation due to this reA modern, pur-Tre- nt Silver Pick Nears Large Ore Body I I shut-dow- n t?... I J rp, 7. flpgatl Djyap T plU J ClirrPflt StfltllS I I ns Lets . Completed Colo. Company I I j 1 wfr"t Vil I I I I I w. Ryo my money eft-- Mmb Ftdxol Uttrvt Msmb.r Federal Dodl Insurance Corpfcration SAIT LAKE CITY, UTAH organization. Rimrock also announced the recent completion of a discovery well from the Wall Creek formation in Crook County, Wyo. The well - wag drilled in partnership with W. and M. Oil Co. operator of these properties. Rimrock has an interest in this well, said Trueblood, and will have an interest in the seven additional locations on this property that should be drilled in the next few months. In addition, we also hold royalty . Inters ests in several thousand acres in this immediate vicinity of this discovery. fragUe-looldn- 'St ,kp I Beehive Uranium Corporation (A Utah Coipoiation) COMMON STOCK (Par Value lc) Copies oi Price $.01 per Share be obtained Circular the Offering may from the undersigned COLUMBIA No. 1 SECURITIES COMPANY Equitable Building, Denver 2, Colorado 343 South State Street Salt Lake City, Utah 407 Main Street Grand Junction. Colorado |