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Show ttetot Vol. 27. Ma. 38 itfeJt Significance in The Oil an4 tithing hctl4 Saif Lake City. Utah. Friday Novembei 16. 1956 CBtl Wilson Named Vast Geneva Plant Reaps Rich Rewards For Utah To Chairman AIME Division Clark L. Wilson, vice president of New Park Mining Co., has been nominated for chairman of the mining, geology and geophysics division, American Institute of Mining, Metallurgical and Petro leum Engineers, Inc., it was announced Wednesday. Mr. Wilson has been associated with AIME for many years. 1936 he was winner of the student paper award for the Utah section He was served the organization as Utah section chairman; Utah delegate, council of section dele gates; national secretary of coun cil of section delegates; member of the national nominating com mittee and a member of the Saud-ner- s Mining Medal Committee. He will be national program chairman for the mining subdivision at the AIME meeting next year in New Orleans. He has been with New Park since 1940, serving as engineer geologist and superintendent be fore being elevated to his present position. He also is a director and manager of operations of the filrm. ells of oi Expansion, Names President, Directors Plans for expanding operations d of Mining Corporation into the oil and gas field and appointment of four new members on the board of directors of the company were announced last week. Named as new president of the company is Ellis P. Emery, well known in local financial circles through his connection with the Salt Lake Stock Exchange for many years. Other new directors are Charles A. Hauptman, consulting petroleum engineer and former district engineer, oil and gas leasing division, U. S. Geological Survey; John F. Lally, for many years active in the oil and gas business in Montana and California, and P. O. Reynolds, long connected with the mining industry in Park City. Park-Konol- . Sundown Gas Drilling Survey Completed In Colorado Field N.M. MINES MAY SET RECORD IN . DOLLAR'VOCUME . Park-Kon- Sundown Petroleum Company, Salt Lake City, has completed surveying its drilling site in Mesa County, Colorado, and announces that Knapp Uraniums Development. Company will commence h area apdrilling in the proximately within ten days. Spotting of the well and drilling corporations will be under the general supervision of Krey and Schuh, of Grand Junction, Colorado. Max Krey, of the geological consultant firm, states that drilling probably will be to approximately 2,800 feet depth. This is the level of production from wells in the immediate vicinity. One of the most recent of these wells is measured at 23 million cubic feet .. . per day. Under a joint venture between gas-ric- " If present production and price levels continue, the metal mines Geneve Works, Columbia-Genev-a steel. In the foreground sip the rolling mills Steel Diviof New Mexico will set a new United Steel States sion, with the blast furnaces, open hearth furnaces Corporation, stretches dollar-valu- e record for the year, 1502 acres of ground in this mountain ringover and other areas clearly visible. To the left and according to Arch Napier, writing ed Utah. of was The in the between built valley plant and background the patterned farm-lan- d in New Mexico Business, publicathe of tracks y near-bUnion the Pacific Denver and are cities to visible the foot of the tion of the New Mexico Bureau of and Rio Grande Western Railroads which bring mountains. On the right can be seen part of the Business Research. the iorn ore, coal, and limestone from southern reservior and in the back part of Utah Lake. Despite the recent weakening of Utah to for the into iom and plant smelting the international copper market and the drop In domestic copper prices from 40 cents to 36 cents a pound, Napier sees copper, lead 6-Day and zinc yielding tonnages that rival the best years of the past decade and their total value topping the record high of $52,593,000 reached last year. If the present trend continues, copper production should hit more A party of U. S. bankers and road and airplane for a first-han- d Va., plant of the Thieblot Airthan 75,000 tons this year, rivalbusiness executives the toured look at Atomic Age technologies craft Company, a Vitro subsidiing the banner years of 1948, 1951, and in at Vitro action prodredge mining operation plants and ary; Vitros Silver Spring, Md., d and 1952: price for copMinfacilities of states. offices seven in cessing Heavy laboratory; Vitro dredge mining per being higher in New Mexico erals S. C., S. the thus far this year than it was in and Company in Aiken,WednesOn Wednesday afternoon, Nov. operations in Aiken,of C., andMinChattanooga, Tenn., Chattanooga Heavy plant 1955, the value of the states copand Thursday, Nov. 14 and 15. 14, the bankers inspected opera- erals, a Vitro subsidiary. per output should break all rec- day tions in Aiken, S. C., where Heavy The visit was part of a six-da- y ords. Minerals mines source Those taking part in the trip inZinc production may be up this our of Vitro Corporation of Amer-c- a materials Company for titanium, cluded Floyd E. McKee, vice presfacilities across the nation. The zirconium and thorium, year 117 ' per cent over 1955, rare earths. ident, Bankers Trust Co., New Napier predicts, and the total out- financial men will have covered York; Daniel P. Adams, vice presput of lead may reach 5000 tons. more than 3,000 miles by car, rail- - On Thursday morning, Nov. 15, ident, Marine Midland Trust Co., the group toured the Heavy Min- New asst, York; Sparling, Phillip erals plants in Chattanooga, Tenn., First National Bank of cashier, where these ores are processed. Chicago; Roy A. Hunt, Jr., asst, is owned jointly cashier, and Alvin G. Keller, vice Heavy minerals by Vitro (40), Crane Company president, Mellon National Bank of Chicago (40), and Pechiney, and Trust Co., Pittsburg, Pa.; Fred -E. Pike, senior vice president, a French chemical group (20). t Walker Bank & Trust Co., Salt The trip started Monday morn- Lake City, Utah; Edward H. Mr. Ted Ludlow, President of that under the terms of the agreeStrategic Metals Research, Inc., a ment, Phillips Petroleum Com- ing with a tour of Vitros execu- Peterson, treasurer, and Earl H. Utah corporation, reported today pany is to commence drilling with-in- g tive offices at 261 Madison Ave., Wyatt, executive assistant, Crane a period of sixty days and New York. The group disperses Co., Chicago; Robert A. Newman, that an agreement has been signed with Phillips Petroleum Company initially perform 20,000 feet of today after a tour of facilities at vice president and The Refinery Engineering Comwhereby the latter would drill a drilling. Tulsa, Okla., a Frank & DuBois, Inc., New York, school section located in McKinAfter extensive core drillings on pany (TRECO), From there, the and Raymond T. Ruder, treasurer, ley County, New Mexico, owned Hollys properties, Phillips Petro- Vitro division. Chi- and Gould B. Martin, director of Jointly by Strategic Metals Re- leum Co. recently announced the principals will be flown to York. New or cago, Pittsburgh search, Inc., Producers Uranium discovery of 1,500,000 tons of high public relations, Vitro Corporation Corporation, the Mayflower Com- grade ore, which if taken at an of America. pany and Congress Uranium Cor- average of $30.00 per ton would Included in the intinerary'were Vitro of conducted tours EngineerVitro is a diversified industrial poration. The acreage is located amount to $45,000,000.00 in reVitro New York; Division, ing in Section 36, Township 15 North, serves. Shortly thereafter Phillips Divisions West Or- organization engaged in a wide Laboratory 25 the of remaining Range 10 West, McKinley County, purchased ange, N. J., laboratory; the new variety of technological and scienmlllion-dolla- r New Mexico. Mr. Ludlow stated on (Continued page 2) Martinsburg, West tific fields. Financial Leaders Completd Tour of Many Vitro Corp. Plants , Sundown and Knapp, the latter will spend $30,000 in drilling on the Sundown properties. Sundown has an 82 per cent working interest in 1,160 acres in the widely publicized and highly productive Mesa County area. Per-poun- Phillips Petroleum To Drill Ore Rich N.M. School Sec. treasurer, I Natural Power Corp. Names Members To Advisory Board Members of the advisory board of Natural Power Corp, of Amer- ica have been named by the newly elected corporated officers at a meeting this week. Those appointed to .the board of advisors include R. W. Griffith, assistant to vice president of production; L. G. Rodgers, general manager of gas division; Burns H. Erwrebo, proration engineer and J. C. Denton, attorney, all of Sun-ra-y Benton Ferguson, president, Benton Ferguson and Associates; E. F. McNabb, presidet, McNabb Coal Co.; John Dickman and Fredrick B. Stehr, both representatives of E. I. DuPont Corp., and F. W. Lepage. According to Loren Keenan, president, it was felt that a group of men were needed to advise the stockholders on policies of expansion and exploitation of their known resources. Mid-Continen- t; |