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Show METAL PRICES Lead (per lb.) 19c $34.9125 24.2c 19.5c lb.) Gold (per oz.) Copper Zinc (per Silver (per oz.) new mined . Features Alining, Oil, Financial . One Year $350 VOL. 23, NO. 6 Bureau Reports On Wartime Tests Manganese tests of Results of Rico Mine Ups Output During 1951 (From Birui of Hines Yearly Beyort) Dolores County The Rico Argentine Mining n Co. group (equipped 'with mill) operated continuously in 1951 and its production of zinc, lead and silver was much Irager than in 1950, when operations in the first half of the year were confined mostly to development. Baers & Hicks shipped ore from the Forest-Wedmine. The St. Louis mine produced some high grade gold ore. Erickson & Baer did explorar tory work on the group under a Defense Minerals Administration con135-to- lead-silv- Badger-Sunflowe- tract Eagle County Output of zinc from Eagle County in 1951 was larger than in any previous year. The Eagle mine of the New Jersey Zinc Co., Empire Zinc Division, at Gilman was again, much the largest producer of zinc in the State and an important producer of lead, silver, gold, and copper. The capacity of the mill which is located in an excavation in granite underground, is in excess of 1000 tons daily. Fremont County Material containing zinc, lead, and silver was shipped from a slag dump at Florence. Garfield County About a car of ore was shipped from the Sunshine (formerly Grandview) property. Gilpin County Mining in Gilpin County was confined to small-scal- e operations. Shippers of ore or concentrate included the Black Hawk Milling Co. (West Noto-wa- y dump), Smith mine (Lone Star mining Co.), and We Got Fm mine (Gold Chief Mines, Inc.). The United Mining & Leading Corp. worked on a lead-zin- c exploration project at group the with Government participation under a Defense Minerals Administration contract. Individuals recovered some placer gold on North Clear Creek. Gunnison County Co., The Callahan Zinc-Lea-d Inc., operated its Akron-Eri- e group and was a steady Slipper of zinc concentrate and on Page . zinc-lead-sil- ver ex lead-Continu-ed Spokane Stock Gains Trading Share trading activity on the - Spokane Stock Exchange during 1951 was well above 1950 levels both in volume and value of transactions, R E. Nelson, exchange secretary, reportec this week. Volume of shares traded advanced from 7,067,654 in 1950 to 10,718,066 last year, a 52 per cent increase he said. The 1951 volume has been exceeded only twice in the past In 1936 and 1945. The increase in dollar value of shares was 21 (6,015,757 1951 in Nelson per cent, from 1950 to $7,319,115 revealed.-Oomparativ- in e figures in recent years were as follows 1949 7339,252 shares with a value of shares $6,939,850; for $9,045,413 shares for $8,172,-23- 7; 194513327,189 shares for 1948-8,678- . 39,794,063. ,134 laboratory manganese ore from the Doyle-Smit- h claims in northern Yuma County, Ariz., are contained in a report released today by the Bureau of Mines. These tests were made early in World War II in connection with the Bureaus efforts to develop new domestic sources of manganese by finding methods e for upgrading ores. Extensive scientific research conducted by the Bureau of Mines has resulted in promoting better techniques, one being the electrolytic method for producing metallic manganese. Currently the Bureau is seeking a satisfactory method of upgrading manganese ore in the big deposit at Artillery Peak, Ariz., about 15 miles from the Doyle-Smit- h claims. Manganese ores investigated by the Bureau of Mines on three properties in Tooele and Juab Counties, Utah, were found to be adaptable for the production of acceptable grade manganese, according to a report issued recently by the Department of the low-grad- ge er Gilpin-Eureka-Ess- 00.16c Production from Idahos many mines recorded, a loss In dollar value during the past year, due to a labor strike that closed operations at some of the leading producers for a considerable length of time. Dnring the operating months, however, output was conducted at a rate in excess of the previous year. Modern equipment, as shown in the above photo, was a major factor in both development and production operations. New Chiefs Idaho Metal Production Shows Decline During 1951 Announced The silver, copper, lead and zinc in Idaho production of gold, according to preliminary figures released by the Albany, Oregon office of the Bureau of Mines, United States Department of the Interior. Gold output decreased from 79,652 fine ounces In. 1950 to about 43,600 fine ounces in 1951 or over 45 per cent; silver decreased from 16,095,019 fine ounces, about 9 per cent; copper from 2,107 short tons to 1,970 short tons, over 6 per cent; lead from 100,025 short tons to 75, United States smelters pro200 short tons, nearly 25 per cent; and zinc from 87,890 short duced 931333 tons of slab zinc tons to 79300 short tons, a loss in 1951, about 2 per cent more than in the previous year, Ernof over 9 per cent. executive vice presiest V. The total volue of the five dent ofGent, the American Zinc Inmetals decreased from $70,198, said In a review of the 647 in 1950, to $70,002,267 in 1951. stitute, last week. industry The value of the gold produced He said that while strikes and in 1951 was $1,523,515 or over 2 per cent of the total value; shutdowns were responsible for loss of tonnage, the unsilver, $13,251,958 (19 per cent); some domestic and copper $958392 (over 1 per balance between prices which prevented cent); lead $25,706,088 (37 per foreign flow of feed materials free the cent); and zinc $28,562314 (41 was of more significance in limper cent). smelter operations. These preliminary figures for iting United States smelter deliv1951 are based on reports by eries in 1951 did not equal the operators and receipts at for the reason that on Page 3 1950 total no there was backlog of smelters stocks upon which to draw, he said. Such stock in 1950 contributed 85,000 tons of the record volume of total deliveries in Atmerican Smelting and Re- that year, Shipments in 1951 for domestic consumption were fining company last week an- almost equal to the 1950 tonnage nounced authorization of a divwere more than and exports idend of 75 cents a share payfor govbut doubled, shipments able March 3 to stockholders of were account reduced ernment record February 8. This declaof the less to than ration is 25 cents higher than 1950 he pointed out. tonnage, the one made last December Gent said estimated slab zinc shortly after shareholders had e split in imports were off 42 per cent approved a the companys stock, and is from 1950 and more than double the 1951 exports. comparable to a on the old basis. Dividend payAdding imports to the dements last year, before the liveries by U. S. smelters restock-spli- t, were as follows: sults in a total of 1305,000 tons $135 in November, $1.50 in Sep- of slab zinc moved in 1951 as tember, $135 in August, arid against 1,150,000 tons in the pre$1.00 each in May and March. vious year, he stated. In 1951 was lower than in 1950, Slab Zinc Production Shows Gain . smelt-Contlnu- ed AS&R Authorizes Dividend Payment one-thi- two-for-on- $130-divide- nd v rd By Anaconda Several important staff promotions were announced recently by E. S. McGIone, vice president in charge of western operations tor the Anaconda Copper Mining Company. Chester H. Steele, head of the Butte mines geological department since January, 1948, beof comes general manager WJestem mining operations, which includes Anaconda Copper Mining company properties at Yerrington, Nev., Grants, N. M., Darwin and Tecopa, Calif., the Bonanza mine at Colville, Wash., and the phosphate mine at Conda, Idaho. His headquarters will be in Butte. Mr. Steele, who has been with the Anaconda company since 1916, has long been an outstanding member of one of the finest geological departments in the mining world. Succeeding Mr. Steele is Edand ward P. Shea, Butte-bolike the former, a graduate of the Montana State School of Mines. Mr. Shea has been mines geologist since 1937. . m Interior. One of a series of investigations of manganese ores initiated by the Bureau several years ago, the report contains summarized results of laboratory tests of several samples of oxide manganese from the Black Rock, Kramer, and Black JackV properties in the two counties. All of the ores investigated were found to be amenable to jstajidard concentration methods, although high recovery of plus 48 manganese as limited assoby close manganese-silic- a states. Some ciation, the report recoveries of 50 to 85 per cent were made in plus 40 per cent manganese sinters. The report was prepared by J. Y. Batty and R. Havens, metallurgists, of the Bureau of Mines, stationed at Salt Lake City, Utah. Bill Would Release Land To Prospecting About 9,000,000 acres or pub- lic lands now reserved for power development would be open- ed for mineral prospecting under a bill approved by the interior committee of the house of representatives last week. Representative Clair Engle (R. Calif.) who introduced the measure, said that under present regulations miners are excluded from these lands, but that 90 per cent of them would never be used for power purposes. As an example he cited a stretch along a river in his district which has been 50-mi- le withdrawn tor power development He said at this time there is no intention to put any power project any place on the river. Under the Engle measure miners would be permitted to explore, file claims, and lease 6r purchase such public lands tor mining purposes if it was not being used for power purposes. The doctor came out of the bedroom to the anxious wife. "Frankly, he said, I dont like the Way your husband looks at all. T dont either, Doc, the wife replied, but he is nice to the kids. |
