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Show November 18, 1955 Tie Western Mineral Sarny. Salt Lake City. Utah Page Two Uneva Starts Stockpiling; Plans Stockholder Meet EDITORIALS Utahns Speak Out WESTERN MINERAL SURVEY -S- NEWS 431 Ore assaying from .50 per cent to one per cent is now being Bn Charles A. Steen, of Moab, and M. K. Ruddock, of Salt Lake their Shootenng claims City, again demonstrated their unfailing concern for the future stockpiled by Uneva Uranium Corp. on of die uranium industry in Utah and the Rocky Mountain area at in the South Henry Mountains. of Uneva, said the assay W. Louis Gardner, the Western Governors Mineral Policies Conference, held recentn report was taken from samples from die property. Wayne ly in Sacramento. is the second manager of Uneva. They urged delegates to ask the Atomic Energy CommisFurther reports on the Uneva sion for an official announcement of that bodys plans with rewill be given at the anrecord program be- iMoki spect to extension of the Government' s stockholders meeting, . Frinual yond 1962. day, Nov. 25 in the Newhouse The points brought out by the two Utah men are most time-llotel, Salt Lake City. The meet-n- g " will start at 10 ajn. An announcement from the AEC of government intention Crews are. working in three on Unevas property, to extend die program beyond 1962 would have a Stanley M. Perkins, treasurer places said. is on the One Gardner crew stimulating effect upon all phases of uranium activity hereabouts. of Moki Mining Co. announced leef in the San Rafael area and The industry could stand a "shot in the arm at die present mo- that officers and directors of wo are on the South of Henry Kearsarge Consolidated ment The AEC could be a most helpful instrumentality of en- Mono - Co. Some roads have fountains. & Oil and Majestic Mining Gardner continued, lightenment at this critical juncture. Mining Co. have assigned all of been built, The statement by Utahs Governor J. Bracken Lee, who ad- their interests to Moki in ex- and a nice body of ore 'has seen opened up. vocated that die Conference endorse a tariff high enough to pro- change for stock. Gardner predicted ore shipThe exchange is based on the tect industries at home, is another example that Utah public ofments will be made as soon as ficials and business interests are aware that they must speak out reasonable value of the propera shipping permit is granted by ties transferred. emphatically in protecting their sectional business rights at a Perkins statement announced he AEC. time when powerful lobbies at Washington threaten to side That Alonzo Completion of roads to the Mackay, president of track the hopeful aspirations of die Rocky Mountain areas busand Ray H. Bar- Cuter claims in the South Henry iness potentialities. ton, Maestic president, and Thom- Mountains was effected Nov. 15, as J. Carter, vice president of Gardner said. He added that Interstate Motor Lines, are direc- stockpiling on these claims in extors of Moki. pected next week. Perkins announced officers of On the San Rafael Reef Moki. Robert H. Bird, of Bennett a road has been biult to the Motor Co. is with Rich- property, he added. Uneva exThe prevailing woe of the penny uranium industry is the ard E. Redden,president, geologist and min- pects to stockpile during the winresult of a chain reaction. First one broker became involved, ing engineer, vice president Verl ter and will ship ore during part then another, and another. When one was involved in trouble, C. Ritchie, lawyer with the firm of the winter months, Gardnes he slowed up. The situation took on the aspects of a chain re- of Moyle & Moyle, secretary, and said. Stanley M.' Perkins, formerly in Gardner expects two truck load action with some symptoms of an atomic explosion. the oil and gas lease business, shipments of ore will be made Immature investors, plus inexperience among brokers, has treasurer. this month from San Rafael. hurt the uranium market. Still, it is pointed out the market The statement disclosed that Uneva was underwritten for in December last year, was about as soft as it is today. Paul M. Sorensen, of Provo, Utah, 20,000,000 shares of which If some indication of strength and sound reasoning asserts has been engaged as mining engishares have been sold. in and neer field superintendent A substantial amount of the itself. among companies, it is probable the market of air Moki mining operacharge Gardner said, is in could start well, all over over again, in a newphase. tions: Properties forrilerly held by proceeds, ban. the Some brokers say most of their customers have taken their and Majestic adPresident of Uneva is Walter E. tax losses and the pressure will soon he off. The smart individ- join those of Moki. Cosgriff, executive of thte ConPerkins statement said arrange- tinental uals are said to be purchasing uranium stocks now. The unBank and Trust Co. Other initiated may be expected to enter the market in January, if ments are being completed for officers include: Judge Marcellus .filing of a registration statement K. Snow, secretary-treasureand when stock begin to show signs of an upward movement. with the SEC to permit a public co-mana- ? Chris-tofferso- ore-buyi- ng y. ore-buyi- Exchanges Stock For Land With Two Firms ng Mono-Kearsar- ge Chain Reaction Woe 15,-000,0- 00 bell-weath- er . Mono-Kearsar- . 3-11 - Church Street CIRCULATION Phone EX ADVERTISING Phone HU 1131 Silt Like City, Utah Entered aa eecond daaa matter at Salt Lake City, Utah, under Act of March 3, 1079. Subscription rates: $5:00 for two years; for one year. Please mention Western Mineral Surrey when writinr to advertisers. Adrsr-tlsin- r rates on application. $3.00 Publisher Editor Feature Editor Business Mir. Contributin' Editor HABBT B. MILLER GAIL FELTCH O. D. QUINLAN FRANCES JENKINS la M. HILL DENVER News BUREAU - Advertisin' . Circulation Kltteredse Bldy. Denver, Colo. For the news of most slmlflcance la the mininy and oil world. All news appearinr in the Western Mineral Survey is obtained from sources believed to he reliable but no responsibility is assumed for accuracy of statements. Reproduction of any material from this publication must have written permission from the publisher. 722 Three More Join N. M. Mine Circle New Mexico Bureau Three Albuguerque, N.M., mining firms have filed applications with the State Corporation for' charters to do ness in New Mexico. They are: Com-misio- Wilo Enterprises, Inc., mining purchases, . 1000 shares capital with $5000 paid in; R. E. Lorenz, F. W. Wilson and Harold Yates. Wilo Copper Corp., mining, 100,000 shares capital, paid in R. E. Lorenz, H. W. $5000, Schwarzenholz and E. Wilson, principal incorporators. Oil Co., Inc., mining, Chav-Lin- e $500,000 with capital $10,000 paid in, 'John J. and L. V. Lipke and John Henry Carter, principal incorporators. . r; E. Mulcock, vice presiSidney stock offering. and members of the board dent, Moki Mining seeks to net about Samuel Bernstein, n Wayne $1,000,000 from the offering, the and W. Louis Gardner. - - A ) ge ubAcri(te Tcctaif Jw the iwfey" Chris-tofferso- statement said. Profits will be used for further development and exploration of its uranium properties and for acquisition of diversified mineral production. Moki is capitalized for $3,000,000 with 600,000 shares of par value of $1. subscribed. BA HAPPY THANKSGIVING TO ALL READERS OF THE WESTERN MINERAL SURVEY The Henry S. Day Ford Agency Your Midvale Ford Dealer Uranium Group Plans Intense Rankers Uranium Corp., Salt Lake City, is mapping out an extensive drilling and development program on claims in San Juan County, George B. Anderson, president announced today. Plans for the new F0ID iOTHOHIZED SUES & SEE VICE "BHJHG Development I0DB FORD BACK HOME FOR SERVICE" 36 West Center Phone AM Midvale, Utah 5-42- 53 program were told following reports from the preliminary core drilling operation, Anderson said. Assay reports from one of the leading Salt Lake City assayers show uranium oxide running 1.145 per cent with 1.920 per cent vana- dium oxide. Anderson said the company holds over 400 acres of claims "royalty free and in favorable Morrison formation. The company, he added, is now in the process of completing their public offering. , He said the company is now planning future means of shipping ore as fast as it can be mined. Anderson is working in the field to expedite progress. Bankers office is located at 434 South Main St, Salt Lake City. . WISHING EVERYONE A HAPPY THANKSGIVING HERES JUST A LITTLE REMINDER TO STOP IN AT WINTHERS VALLEY STATE APPLIANCE 56 East 21st South Phone HU Be Sure And Shop Early 4-53- 71 for Xmas WHILE OUR STOCKS ARE STILL COMPLETE TV n busi- - APPLANCES - WHITE GOODS "WHERE DEALS ARE MADE NOT BORN" Open Monday and Friday Evenings Till 9:00 P.M. Saturdays and Sundays Till 6:00 P.M. |