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Show T I January The Western Mineral Survey, Salt Lake City, Utah Kalunite Year Has Banner Trading On Salt Lake Stock Market Go On Block Madison Pushes Mine Work; Active In Oil, Gas Projects I Ths information contained In tbla abeet la derived from source reliable, not guaranteed, but believed to be correct.' Year 1946 to December 31, 1946. retarded as valuable tent, suitable .for ng and Listed Stocks ore-process- ing uses, are included in the surplus government-owne- d alumina plant operated during the war by Kalunite Inc. in Salt sale Lake, currently offered for War basis bid sealed by on a Assets Administration. Car pullers, track hoppers, vibrating feeders, multiple hearth skinner :type furnaces, hammer crushers, crystalizers disintegrator, rotary tanks, dryer, filters, pumps, conveyors, elevators and Dorr classifiers are among the production equipment items included in the offering. - In addition, there are 17 items- of machine tools, including lathe, ' planes, 40-tgrinders, drill and one Manley hydraulic press. The property is believed suitable for use as an plant with little ' or no conversion necessary, Thirteen buildings, with a total area of 82,000 square feet are located on the approximately 79 acres of the property, which is on West 3300 South Street (U. S. Highway 50) about six miles from the Skit Lake Municipal The property is. served Airport by a - siding of - the Denver & Rio Grande Western Railroad. Three wells on the site provide water, and cooling water, may be pumped directly from the Jordan River. Power, light and gas are furnished by local utilities companies. The Kalunite Plant officially known as Plancer 291, was constructed in 1942, primarily for experimental purposes in the processing of alumina from aluminite ores mined near Marysvale, Utah. Potassium sulphate is produced as a xColorado Con. xCommonwlth Lead - on ore-dressi- xEast Utah . . . Empire Mines leeaeoeeeeeeee e. a e ! xEureka ' Lily Con. IIIIMMI Gold Indian Queen . Kennebec at Kentucky-Uta- h 10, 1947 ng Weber Sands, the productive horizons in the Rangely Field. North Church Buttes Anticline, Wyoming: This Anticline, on the South end of which the Mountain Fuel Supply Company, a subsidiary of - the Ohio Oil Company, recently brought in a large and very important oil and gas well, is now being geologized and seismographed by a number of the Major Companies. The Madison Mines Company has a royalty interest on lands optioned to the Sinclair Oil Company, which Company is now seismo-graphi- ng in the general area and if the results are satisfactory undoubtedly will drill a deep test well in the area. This district is commanding attention of all of the Major Oil Companies and is considered one of the most important plays in. the Rocky Mountain Area. Last Chance Structure, Utah: The Mountain Fuel Supply Company is also drilling the Last Chance Structure, on which and within the Unit Area as established by the U. ;S. Geological Survey, Madison' owns a royalty interest o 2560. acres of land. The well mg drilled by the Mountain Fuel Supply Company encountered heavy, gas flow, at about 2700. feet and are how drilling in the Permian formation, hoping to encounter oil production. It is stated. that 'this well was planned to be drilled to the granite. (Continued From Page 1) ologists and further action awaits the findings of their analysis. This company has operating on the axis rights on 2560 acres drillContinued structure. of the shootor as as well acidizing ing, ing the formations already encountered, is now being arranged; operations to start within the next few days. ' Vernal Monocline. Uinta County, Utah: On this structure the Carter Oil Company, a subsidiary of the Standard Oil of New jersey, has drilled to a on depth of 6661 feet Com-nan- ys holdings adjacent to your interest. At approximate5856 feet they reported a flow ly of over 3,000,000 cubic feet of gas. At a deeper depth another flow was encountered. It .is nnnfflcially reported that upon completion of this well at least two .additional wells will be drilled in this same area by the Carter Oil Company. day Basin, Daggett County, TTtah:.The Mountain Fuel Supply Company is drilling on lands ad--, tacent to Madisons royalty Interest, and at the present time is at reported depth of 5510 feet. The upper formations of this structure are now producing considerable gas, however, it is not reported to the Companys knowledge what has. been encountered to date. This is a deep test and is being drilled to the . , re-oor- ted . - . xMiners Gold by-prod- uct Listed Stocks New Quincy xNorth Lily North Standard xOhio Copper Park Bingham . . . xPark City Con Park Konold Park Nelson Park Premier xPark Utah Pioche Bristol xPlumbic Mines r.. ....... . Low .13 .80 .03 .12 . 10,500 159,508 78,200 425,986 1.02 .03 .25 .29 .40 .06 . 9 71 3.60 .25 -- ; eeeeeePee . South Standard Swansea Con. Tar Baby Tintic Central xTintic Lead xTintlc Standard Union Chief Utah Con. Utah-- y omin g Con. Oil Victor Con West Toledo xWestern Alloys . xWilbert xYankee ..Con. Zuma xUtah-Idah- o Sugar Com. xUtah-Idah- o Sugar Pfd Unlisted Stocks xAmalgamated Sugar Pfd. Con. Wagon & Machine xNational Tunnel xUtah Fire Clay xUtah P. & L. 6 Pfd xUtah P. & I $7 Pfd. xUtah P. it L. Com xZ. C. M. 1 .......'.........t. W .... .07 12 .08 .62 5.25 .13 07 .20 .08 10 ' .10 15 .14 .28 6.50 11.65 10.30 1.40 3.40 61.00 107.00 118.00 25.00 105.00 .02 A5 .02 22 2.15:. .05 .02 .07 .03 .03 .04 .05 .05 m 4.25 11.50 9.70 .45 1.75 61.00 84.00 95.00 20.00 85.00 106,592 173,900 305,541 371,826 238,473 1,595,550 264,874 354,250 117,800 1,011.150 65,700 - 121,000 314,100 352,187 1,553 157 .02 .05 .03 .38 2.75 .06 .03 .11 .03 .03 .04 .06 .06 .08 4.50 11.50 9.70 .45 1.90 61.00 105 107.00 67 118.00 6,530 21.50 155 105.00 Crude Oil Price Hike Sets Off Wave Of New Drilling New Mexico drilling tools that have been stacked for as much as five years are being dug out and moved to new wildcat and other drilling locations since the price of crude oil has been movto a point where ing upward ' operators can make a little money, states the Oil News. The first break in the bottleneck came in the form of a 25 cent per barrel raise last July 25 when Humble Oil Refining Co. posted the advance soon after the oil Industry was released from OPA controls, after almost five years, with prices frozen - niiiiiiiiiiii Work Pushed At Standard Gold Project Nev. Power LOVELOCK, A5 xRico Argentine xRoyston Coalition Sioux Mines $ .16 2.00 18 .49 . Flutus ........ v xPrince Con. xSilver Shield xSilver Standa High The plant has a designed caof 72,000,000 pounds of Sales Last Sale pacity alumina per year. .15 shoveling to the bottom of a 200-fo- ot slice of $2.75 per ton ore is under way. at the Standazd Cyiniding Co. open pit near Rye Patch. The plan Is to get to the bottom of the big area before the spring thaw, when slides can be expected. .. The bottom is a base fault that dips 15 degrees to the west, below which there are no values. As things go now. according President-Manag- er H. L. Hazen, who was in Lovelock Monday, two tons of waste have to be handled for every ton of ore. Huge Deposit Is Problem . One of the great concerns of the company is whether it will be able to handle about 10,000,-00- 0 tons of $1.50 ore when they exhaust present reserves of ore that can be handled profitably under present conditions. That will be seven or eight years from now. Mr. Hazen reports that no matter how lean or rich the ore, the tailings carry off around 40c in values. The loss is due to values being locked up in a form not touched by cyanide. Hopes for Gold The mining leader has hopes that in the near future gold will be freed of its burden of government domination and that the price will be allowed to rise to its natural level. To revive precious metal mining, he maintains, either that will hive to be done or the government will have to arbitrarily raise its present price. ITEMS ... INCLUDING: Industrial Machine Parts $1 1 4,000 Automotive Parts and Accessories $273,000 Hardware, hand tools and abra-- . sives $85, Eqwipment $31,000 Welding Goods $73,000 Pipe FitCanvas $39,000 Equipment $60,000-Electri- cal Valves and tings Wiring and Accessories $8,000 Clothing $177,000 Footwear (leather and rubber) $1 6,000 Bedding $23,000 . . Make us an offer. 000-Resta- urant ORIGINAL COST ABOUT $778,000 Submit Your Sealed Bid Now!- DATES: DETAIL iw pviipvaiVB mHb La lAAiuuai ea tt ifjrvn rnl gg egggg l89 89882 B frM M0 .n. to 1M pjn, MST. Lmusbs Ms cssptsd wrtil I (M)0 u. bids Jwa-towh- kh Imm degree of gravity above 20.9 up to and including 40 gravity which brought 1.47 per barrel. The added increase, now makes 40 gravity oil worth $1.57 per barrel and this is what is bringing wildcatters tools back into service after so many years. The crude price is at last getting back to a point where opera, tors feel they can again begin to think about making . a little I money for themselves. ni.iiiiiiiiiillii:;i..)hi.inltii.;aiis!i3jjiiii.HmiiiiiiHiliiiiiininiili)HnilUHiimui ..I, bid forms, uai Lu Am ik, La wffl bo a tisAgmA Priorities applicable only In case of tie Subject to W.A.A. standard terms . at levels which actully caused the loss of money to many of 20 to. 20.9 'degrees gravity was the smaller operators with only bringing 1.07 per barrel with 2 cents per barrel added for each his crude production to sell. Operators were again cheered November 19 with the announcement of a ten-ce- nt raise, again first posted by Humble and retroactively effective - as of 7:00 a.m. November 15 last Humbles hike was soon met by Gulf, Texas, Sinclair, Magnolia, At lantic, Phillips, Stanolind and all other' crude buyers In New Mexico and the West Texas Per mian Batin fields. Prior to the last raise, oil of USEFUL AND PROFIT MAKING and conditions of sale. 231-- 1 Wm QsMs&ffiSm cGsaasaa GnsmostSMssfa Q 3 n.imp (Z$ a? g? to 1 .(3J "JETJ-H- Q C9- 05 Ml -- 5 d 3 i |