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Show July The Western Mineral Surrey, Salt Lake City, Utah 2 Grass Valley Site Of New Gold Strike June Transactions On Salt Lake Stock Exchange JUNE Naildriver 1953 LISTED STOCKS Big Hill Bonanza Oil & Mng.. Bristol Silver Bullion Cardiff Central Std. ... Chief Con. Clayton Silver Colorado Con. Colb. Rexall .Combined Metals Comet Coaln Commonwlth Lead L. High -- 03 .05V4 L ' ; 05V 04 29 0194 70 24V Low Sales Last Sale Nev-Ta- .03 .05 New Park New Quincy .0494 .0394 GRASS VALEY, Calif. The old cry of Gold! was heard again .21 .0194 .24V Park Nelson Park Premier Park Utah Plutus . xPrince Con. xProsper Oil & Mng. Rico Argentine Royston Coaln. Silver King West - Crescent Eagle OIL Croff Oil Crown Point Dragon E. Crown Point 1. East Standard ... E. Tin. Coaln xEast Utah xEmpire Mines Eureka Bullion Eureka Lilly Con. Eureka Mines Eureka Standard Sioux Mines So. Iron Blossom So. Standard Sundance Oil Swansea Con. Tar Baby Tintic Central Gold Chain Grand Dep. Tintic Standard Great Westerp Horn Silver Howell Indian Queen Kennebec Keystone Lakeside Mon. xLeonora Little May Madison Mines" Magnolia Lead & Oil Majestic Oil & Mng. Mammoth Miller Hill Miners Gold .: xMono Kearsarge United Park City Utah Con. .... Utah Id. Sug. Com. Utah Ida. Sug. Pfd. Victor Con. Western Alloys - 17100 Moscow. ML States Dev. . 1000 8000 LOOKING AHEAD By GEORGE S. BENSON President Harding College Searcy, Arkansas - Wilbert Williston Masin Oil Yankee Con.' Zuma UNLISTED STOCKS Amal. Sug. Pfd. Utah Fire Clay ... Utah P. & L. Com. ... ;o3 .01V Z C M I .03V Indicates operating companies xMountain View - 30-fo- ot the nation's economic future the EXPLORATION . . bread and butter future of all of Continued from Page 1 us. I respect his opinion both as former head' of one of Americas substantial industries and as the good as the ore. we receive from This is bethe Congo. Secretary of Commerce. Though causeBelgian the African airanium is new on the job, he has recently in found veins rich exceptionally had access to the many business barometers constantly being com- ones, too of pitchblende, a mineral that contains the element in piled by.- the department. With- a purer, more concentrated form out hesitation he said to me: Put does camotite, the mineral than your faith in the American busi- in which most of it is found in ness system, and strongly recomthis Unlike country. pitchblende, mend your readers to do so, too. This magnificent American in- which runs in narrow, more or dustrial machine financed by less vertical veins, camotite frethose who have saved, managed quently spreads out horizontally on the plateau to become prosby experts in administration and pecting on the plateau to become production, and operated by working can do the job in war or known colloquially as the in Daniel rim the New Long, peace, if wise government gives Yorker. encouragement in every possible - FAITH IN PROSPERITY The prosperity of every American, whatever his station in life, depends on American business and industry producing more wealth through production of more of the goods and services for everyday living, la-bSecretary of Commerce Sinclair Weeks said to me. Thus, he said, 'our prime objective at the Commerce Department is to help business to do this better job of Why. production and. distribution PICKING UP SLACK through the improvement of our various services. Some transition will occur as, We were driving past the Jef- at a. later date, defense expendiferson Memorial en route to' the tures taper off and industry is National Washington Airport, i diverted to normal production. working our way in stops and But plsnt and equipment expen-stardethrough the heavy 5 oclock ditures are today advancing, defense-hurryin- g some the fact that traffic of government employes spite toward the Virginia res- - supporting programs already have idential districts. I had visited reached their peak. And limitless with Secretary Weeks at the Com- frontiers are opening in research merce Department and since we laboratories which lead to all both were flying to speaking en- sorts of new things, new processes gagements we continued the inter- and new words of progress. view en route, to our planes. Secretary Weeks, a New EngON THE RUN lander and a graduate of Harvard The Secretary had had a busy (14), pulled himself up through day with a heavy calendar, writ- the business world using his own ing a speech and shaping up or- initiative, enterprise and horse ganizational policies with his Un- sense. He interrupted his early der Secretary Walter Williams career in a Massachusetts bankand other key men in his execu- ing house to serve with the 101st tive family. A score of newspa- Field Artillery Battalion, 26th Dipermen had followed us to the vision, in the thick of its EuroSecretarys private elevator, call- pean campaign in World War I. ing out questions on personnel At wars end, he became intermatters. Since he was overdue at ested hi manufacturing. He jointhe airport his replies were given ed the staff of Reed & Barton It was a typical Corp., famed silversmiths. When on the run. scene. called to Washington by President Washington The questions I put to Secre- Eisenhower, he was board chairtary Weeks were designed to man of his firm and also of Fastener Corp., and he bring out his rounded opinion on WASHINGTON Thursday in California's Mother Lode Country after two Vallejo men, reported ont of the richest initial strikes since 1849. Tests from the first boring assayed at the astronomical figure of $124,950 a ton, according to the report of Robert W. Decker, Reno, geologist Other cores nearby turned up samples assaying up to the moderate but still highly profitable figure of $3075 a ton. The partners, John Neely and Arthur Wright, were diamond drilling an ore deposit on a claim owned by Ralph Fuhr of Grass Valley in the Neston District five miles northwest of here. Local . mining men are now awaiting with interest for a real test of the ground to determine the extent of the rich ore. The rich sample was taken from a drill core coming from a depth of 61 feet. Neely and 'Wright are reported to have secured mineral rights on surrounding ground before they made known their rich discovery. The drilling and surveys under contract by the- New World Exploration, Reaserch and Development Company of Reno, Nev., Robert W. Decker, geologist, following preliminary magnetometer tests, commenced showing up gold content in the assays and then it got better with depth. The new discovery, lies in a virtually, virgin zone of underground development about one miles west of the and one-ha- lf old Empress mine. All diamond- drill holes showed but traces of gold until they got zone and from down to the that point the enrichments grew as the drills bit deeper into the Park Bingham Park City Con. .65 Cons. Eureka Kentcky-Uta- h Oil & Mng. h 10, 1953 Silver. Shield Mill The first two OURAY, Colo. truck loads . of ore have been ts Uni-ted-C- arr earth. Neeley and Wright have a five-yelease on the property with ar dumped into the crusher bin at Fuhrs interest protected by at Silver Shield mill recently leased by the Colvin Mining and Milling Co. of Ouray. Fellin Communism: A system under Brothers are doing the ore which everybody works and nobody has anything. SEND A One Dollar Bill or was nationally recognized for his knowledge of the business world. NO PAMPERING As Secretary of Commerce, tough-minde- d Sinclair Weeks does not seem inclined toward pamperWe in the Coming business. merce Department,' and the public as a whole, he said, expect business to assume statesmanlike responsibilities' in its new freedom from government backseat-drivin- - and receive sixteen (16) issues ' Western Mineral Survey i By the year $2.50 2 years $4.00 . g. This requires good nt-labor manageme- relations, and the daring venture Spirit It means also an appreciation of the fact that world trade is a two-wa- y street. Businessmen wno taix about economy in principle and then act through their lobbies for special benefits, are often to blame for a share of the high cost of government. They must practice what they preach when it comes to special legislation. Assuming their share of responsibilities, and setting an example in and enterprise, businessmen can make our nation much more prosperous. Workers will benefit as will all the consuming public. He is supremely confident that business will meet the challenge. - self-disci-.pli- ne ... self-relian- ce You need no carton tops and we have no silver spoons to give away but we will give you mining and oil information tliat should he of interest and prove valuable to you. DIG and SEND . . . with complete Name and Address to WESTERN MINERAL SURVEY 22)2 East 1st South Street Salt Lake City, Utah |