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Show OF m b LIBRARY U 'll 7: ,' SIEBNHDm 1 ' z - V' ' - I t. " V- -' Si Ii it Features Mining, Oil, Financial VOL. 24, NO. 41. Salt Lake City Utah, October 9, 1953 ; GI One U. S. Chamber e September Transactions ,f SEPTEMBER 1953 LISTED STOCKS Wg wni High .03 Bonanza Oil & Bristol Sihrer Bullion ling. Chief. Con. Clayton SUrer Colorado Con. Cblh. RaaaU "Combined Metals Comet Coal'd Commoawlth Lead Cons. Eureka Crescent Eagle OiL 4"Croff Oil Crown Point Dragon E. Crown Point $j - .East Standard 'I r E. Tin. Coal'd zEaat Utah . SxEmpire Mines fl Eureka Bullion Eureka Lilly Con. fj Eureka Mines i Eureka Standard Gold Chain h . ! Grand Dep. Great Western Horn Silver Howell Indian Queen Kennebec '' Kentucky-Uta-h Keystone ' Lakeside Mon. xLeonora flittle May Madison Mines Magnolia Lead & Oil Majestic Oil & Mng. - Mammoth Miller Hill Miners Gold zMono Kearsarge -- Moscow Mt. States Dev. . xMountaln View .03 Sales Last 2500 .03 44 3000 68000 Die .05 .05 . - . UTAH Following is a summary of oil well drilling activities for the week as released by the Scouting Division of Carter Oil Co.: ' .. Bemberger, Uhit No. ; . 1 (Located Walker Hollow, SW NW Sec. 11, 7 S, 23 E Total depth 5754 feet, Perforated 3 bullets pier foot and' 3 jet shots per foot,, from 5305 feet to 5310 feet. Set drill stem test tool at 5295 feet. Tool open 1 hour. Good blow throughouttest. Recovered; 480 feet ' fluid, 60 feet of slightly oil cut mud, 420 fet dear water. Set Baker 'Bridgie dug at feet .Perforated . ; "with : Lane feet to feet with 6 bullets , per foot, perforated 5282 feet to 5285 feet with 3 bullets and 3 jet shots per foot, and perforated 5271 to 5277 feet with 3 bullets and 3 jet shots per foot Set hook wall packer at 5264 feet. Tool open 4 hours. Recovered 90' feet oil. 90 feet oil cut mud, 450 feet dear water. Perforated 8 holes from to 5295 feet. Set packer at 5294 Wells, 5281 ng Bunker Hill Employees Get 'Big Pay , 5296 long-standi- . Drills v.'.Active' East Utah Acquires New MB In Utah's Property In San Juan County lin Area ROOSEVELT, Studies Mine Claim Problem m controversy and the between mining industry . .04 certain government departments .38 .27 18400. 30 over mining claims on federal x .02 .02 22500 .02 lands was one of the principal .68 .63 333 .63 items on the agenda of the con.21 .18 5700 .19 ference on federal lands sponsor.01 4000 .01 .01, ed by the national resources department of the U. S. Chamber of Commerce in San Francisco. Delegates from state and local chambers of commerce from throughout the eleven western states were on hand to hear national authorities discuss and review the problem and to present their recommendations. Principal speaker on mining claims and patents on tiie public domain was R. C. Klugescheid, New York, vice president and general counsel of Kennecott Copper corporation and a member of the national resources department committee. The controversy arises out of claims that present mining laws are being abused. For the past several years there have been publicized persistent reports, largely by the U. S. forest service and the bureau of land management of the department of interior, that the mining location laws are being used extensively to tie up federal lands for purposes other than mining. Die government agencies have used the re-- , port to support their demands for basic changes in the mining laws. The mining industry, on the other hand, has contended that the reports of abuses were greatly exand have opposed aggerated changes in the existing laws. Mining men have held that stricter enforcement of present laws is all that is necessary. The latter view is favored by the national chamber, which fears that Indicates operating companies hew legislation might hinder the Total Shares Trades 936,918 Dollar Value $100,504.66 metdevelopment of much-neede- d Indicates operating companies. als and minerals. Another controversial issue up for discussion at the conference was the need for a uniform public policy on grazing. Importance of these two issues to the 11 western states Arizona, East Utah Mining Co., Salt Lake City, Utah, recently acquired California, Colorado, Idaho, Moncontrol of approximately 2 sections of state owned ground located in tana, Nevada, New Mexico, OreDry Valley, San Juan Country, Utah. This property is about 10 miles gon, Utah, Washington and Wysouth of Utex Company property, presently the largest producer of Hill Bunker and Sullivan Mining oming stems from the fact that uranium ore in Utah. East Utah has 2 'drilling rigs prospecting this 54 per cent of their combined area property and in the last 3 weeks has put down a number of drill holes and Concentrating company's em- is federal land. ployees had their "big pay-day- " from 400 to 600 feet deep. The major purpose of the conlast Monday when retroactive pay Some of these test holes have ference was to review the 'national totaling $233,000 was- distributed gone through uranium bearing chambers policy on federal with the regular payroll of nearly strata. The company plans to sink lands. Recommendations accepted Week Ending Oct. 3, 1953 $500,000, according to the Wallace test hdes on about a 200 foot grid conference' were referred the at Miner. system over the ,whde 2 sections BINGHAM DISTRICT, UTAH to the national resources departAbout 2000 workers shared in the of ground. This company also con' ment in San Francisco today and distribution. trols a substantial area known as . Combined Metals. Reduction Co. tomorrow. A craits 8 increase of 'an pay the Big Butte country, formed by 55 tons. ' Legislation on both problems is hour retroactive to February 1 the junction of the Green and .CoU. S. Mines 7698 tons. now pending .before congress and was granted in August in negolorado rivers.. Die Big Butte counaction 962 may come at the next sesUtah tiations with the International Copper (Kennecott) try ,at the present time is inaccesssion. . n Union of Mine, Mill' and Smelter ible. However, as soon as roads cars, daily average. ' Workers. have' been devdoped 'to the Big PARK CITY DISTRICT, UTAH The wage boost increases' the Butter country,. East Utah plans ' to prospect this area. f. New Park Mining Co. 1995 tons. company's payroll to approximateProduction' by Sunshine 'Mining t ly $11,200,000 annually, including company during and New Park Mining Company August totaled EUREKA DISTRICT UTAH. $10,200,000 in direct wages and Oil, incorporated, both of these Salt , 20,484 tons, of ore, a company ofabout $1,000,000 in fringe benefits, ficial told Lake. CSty, Utah, companies have Chief Consolidated 44 ore the Miner yesterday. according to Charles .Schwab, Bun- This compares with an output of also entered the uranium mining cars. ' ker Hill industrial relations manfidd. New Park has gained control 20,452 in July and an average of Consolidated ; ager. . v.,-- " clay Dragon of approximately .3 sections of slightly over' 21,000 tons per month The average daily wage at the during the first six months of this state owned ground ' in Lisbon Val- 28 cars. " t ore 1 car. Empire Mines company's mine, mill and smelter year. ley, San Juan Coimty, Utah, apnow $18.71, he said. This is NEVADA PIOCHE is and 10 south miles DISTRICT, proximately Availability of a better labor Co. Metals Reduction Combined made of Utex the bast up of $16.74 in direct wages supply, in the district owing to curproperty. Oil, zinc cons. 2 cars. Lead cons. and $1.97 in "fringe benefits" tailment of ' operations at some Inc. .now holds 3 sections of state 8 which' are paid for by the com lead-zin-c 5 cars. Perlite 19 cars. to 3 Lisbon Valley, ground in operation enabled Sun2 Continued on Page pany. shine to produce more.' j05 .05 Cardiff Central Std. Low Tear $2J0 5382 feet. Tool open 2 hours. Light blow initially continued - for 15 Continued on Page 2 5288 -- Ore Shipments - - V, . - 85-to- , . Sunshine Mining , . . |