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Show ' r.r ' i yJiM ' i. L.vjin i - , . r it . , . mnu $ SALT LAKE VALLEY HILTU rUCER RttVEE (Mr m. mv bImI) IEAD, fit OOLD (Mr M.) corns HUi UM 1M u.tiM SOISS MJi EMC (Mr 1M Features. Mining, Oil, Financial Salt Lake City, March 21, 1947 NO. 12. VOL: 18. One Year $2.50 Salt Lake Stock Exchange February Transactions Profit Lower Tlw Information contained in this sheet It reliaUe. not (uarafiteed, but believed to be At Clayton ' Listed Stocks 'Big Hill $ Bingham Metals xBristol Silver Bullion Central Std. Cardiff xClayton Silver xColorado Con Colb. Rexall xCombined Metals Comet Coaln. xCommonwlth Lead Crescent Eagle Oil Croff Crown Point xDragon xEast Standard xEast Utah Empire Mines xEureka Bullion xEureka Lily Con. Eureka Mines . SilverProperfy With production only one third of normal, Clayton Silver Mines 1 Eureka Standard Great Western $2,-58- xGrand Dep xHom Silver xHowell Indian Queen Kennebec Kentucky-Uta- h Keystone xLakeside Mon. Leonora Little May Magnolia Lead xMammoth xlndicates Operating Companies. Plant at Chief Cons. Undertakes Utah Metal Mines Boost Blanding Up For Purchase Operations of 'Chief Consolidated Mines Company during Sealed proposals for purchase' 1946 at properties located In the Tintie District, Utah, resulted in Utah metal mines substantialore processof ore and lime products totaling $227,322. Premium pay- of the sales 14 increased ore of located miles southing plant shipments ly ments from Metals Reserve were $722,935. west of Blanding, Utah, will be of the month January during Net income from mining opreceived until 2 p.m. 8, it war-surpl- . The . Jan. Monthly Ay. Itor 1946 18.168,000 4,450,000 4,208,000 13,206 310,000 . . 1947 45,200,000 5,000, 000 7,000,000 31,800 600.000 Three of Utahs major ducing' areas reported the profol- lowing ore production for the past week: Bingham Kennecott Copper Corp., 958 85-tcars daily average; U. S. Mines, 6028 tons; Combined Metals Reduction Co., 220 tons. Tintie Chief Consolidated, 17 carloads: Tintie Standard, 3; Gemini, 4: Bullion Beck, 12; Eureka Hill, 2; Iron Blossom, 1; Yankee Consolidated, 2; Eureka Lily, 3; Mountain View, 2; North lily, 1; Utah Fire Clay. 1; U. S. Centennial 4; Dragon Consolidated Silver City, 2; Eagle & Bluebell, . on 2. - . Park City New Park. Utah Park 1560 Consolidated, Utah-Keetle- y, 'ns: 381 Park tons; 165 tons. Mov Pnshinq Work I Work of rehabilitating the shaft at the South Tintie nroo-er- tv of the Little Mav mining romnanv ( nrovressinv. it was learned to Salt Lake today. The shaft ha been cleaned out and renaired down to the water level at the 110 station. It is now planned to nroceed with work of unwatering th shaft down to the lower levels, following which develooment work will be - ? H. E. erations, . including $3705 from other sources, was $78,510, which compares with a net loss of $21,-5in 1946. The firm has received net smelter returns in excess of 36 million dollars since 16 1909. New Equipment During the year the company considerable new installedincluding conversion equipment, system haulage of underground to an mule system old fromjhe electrical operation. Exploration Under the Governments exploratory program. Chief has obtained a substantial allotment for exploring to further depth the present ore bodies in the Chief No. 1 mine. In order to accomplish this the firm proposes to sink 300 feet vertically and drive level. a drift on the 2800-fo- ot Funds have also been provided to explore the north end of the Plutus from toe Chief No. 2 shaft level. on the 1600-fo- ot New Project In addition to these approved projects,' the company has made application for an exploration program oh toe Evans group of claims, which will constitute toe sinking of a shaft 500 feet, together with 2000 feet of exploratory drifts. Work is also going forward on ground leased to the New-mo- nt Exploration, Limited. In addition to this lease, toe com toe pany negotiated a lease with ReInternational Smelting and fining Company, which firm will explore, in a northeasterly 2 direction from toe Chief No. shaft. In summarizing conditions at toe property, Cecil Fitch, president and ' general manager, was optimistic for toe future of the mine in view of metal demand and toe improved physical condition of . the property, together with the promising exploration projects now under way. . - . HAVENOR & CO. 619 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH MEMBEN BALI LAYS STOCB EXCHANGE INFORMATION FURNISHED ON UTAH COMPANIES OBDEBS EXECUTED ON AU EXCHANGES . Telephone 57 Pioche Area Metal Source The Pioche district, Lincoln half of the County, produced the zinc in lead and two-thirNevada in 1946, according to preliminary data; all of the zinc and most of toe lead was recovered from concentrates produced by the Combined Metals Reduction Co.s No. 2 mine, Abe Lincoln Group, Amalgamated Leases, and Raymond Ely West mine, the Prince Cons. Mining Co.s, Prince mine, and toe Ely Valley Mines Ely Valley mine. The Salt Lake-Pioc- he Mining Co., toe only other large producer in toe district, shipped direct to a smelter argentiferous lead ore, mined on company account and by lessees, from toe Apex and Financier mines. ds - Park Bingham to Pay Stockholders Park Bingham Mining Company, 703 Newhouse Building. Salt Lake City, will make a liquidating payment on April 2, 1947, of one cent per share to holders of preferred stock, it was announced in Salt Lake today. Books of the company will be closed on preferred stock on toe 26th of March, 1947. U STOCKS Cons. Eureka To Be Called On S. L. Market Consolidated Eureka Minin Company is slated to be calle. on toe Salt Lake Stock Ex change, Monday, March 24, fol lowing approval sometime agi of toe firms application for list ing. The company is developlnj properties located at Eureka Nevada, in the Diamond area an not far from toe famous Rub Hill properties that have a pro duction record in excess of $60, 000,000. BATTLE MOUNTAIN, Nev. Robert H. Raring, general manager of toe Copper Canyon Mining Co., left for Austin Monday after receiving information from Austin that the . diamond drill used on toe Equity mine had encountered a large body of ore. First Oil Production Roumania began producing oil in 1857 two years before toe Drake well discovery. Russia started producing in 1863, Poland in 1874 and Germany in 1880. . PET T RE; us April was announced today by Col. D. E. Squier, Salt Lake regional director for War Assets Administration. Nine buildings and various equipment and utility systems are being offered for off-si- te use. Proposals may be submitted for toe purchase of the entire plant or any of its component parts. Buildings comprising toe ore processing plant are as follows Crusher building, 14 by 16 feet; conveyor gallery, five feet six inches by 50 feet; fine crusher building, 22 feet six inches by 60 feet; roaster, 22 by 60 feet: agitator, 12 by 16 feet; leaching, 50 by 60- feet plus 20 by 44 feet; power house. 20 by 50 feet; administration building, 14 by 56 feet, and garage, 20 by 40 feet. Buildings are generally of frame construction, wood sheeting, composition roofing and concrete floors. Equipment includes crushing machinery, six roasters, two agi tators, 16 tanks, pumps, convey ors, scales and bins. Utilities include a 75 KV--a generator driven by a 75 hp. en gine and a horizontal 40 hp. steam boiler, utilizing waste heat from the caldner and equipped with a standby oil burner. . over the average monthly production for 1946, according to a report released by the States Bureau of Mines. following tabulation shows the comparative production for the two periods: Copper Lbs. Lead Dm. Zinc Lba. Oold Os. Stiver Os. produced during 1946, 10,764 tons of ore that resulted in output of 41,751 ounces of silver, 758,338 pound, of lead, 254,167 pounds of zinc and 6437 pounds of copper, according to information released by officials of the company. Net Income Total income for the year was $134,291 and expenses were listed at $131,705, resulting in net income, after provision for de5. preciation and depletion, of This compares with net income for toe preceding year of $24,350. The property is located near Clayton in Custer County, Idaho. Stock is listed on toe Salt Lake Stock Exchange. The company has recently made application for listing of its 3,000,000 shares on toe San Francisco and it is expected that Exchange toe stock will be called within 30 days. Purchase Claims During 1946 the company obtained 4 additional claims from toe Ford Motor Company known as toe Ella group which adjoins Clayton property on toe south. The firm now controls properties containing 708 acres. After geologic study was made of toe mine, exploration was largely to toe southward. It is of particular interest that this work disclosed a new ore body part of which. is now. known to contain more, than 25,000 tons W. M. Yeaman, president stated. This south-en- d work is still progressing with satisfactory results, he said. Three cars of concentrates are reported to have been shipped in February of this year estimated to run $10,000 per car. & COMMODITIES MORRIS BONDS MEHtERS Salt Lake Stock Exchange Chicago Board Trad BALT LAKE CITY. UTAH EAST 2ND SO. -- Chicago II -- Gaaordl Haicaatilo Exehango IDAHO FALLS. IDAHO 11 B STBEE1 4 J. A. HOGLE rs: 2 CO & York Slock CackaagM STOCKS IN MINING SPECIALIZE WE PRIVATE WIRES TO AU MARKETS Noobtii Salt 1U MAIN Laka-No- St. SaU Lake UESEL BLDGk Ogdoa METAL MINING INDUSTRY OF UTAH |