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Show September 3, 1954 The Western Mineral Sunrey, Salt Lake City. Utah Utah Copper Output Shows Slight Rise Cardiff Plans Meeting Mine production of recoverable copper and smelter output from domestic primary sources made small gains in June, according to the Bureau of Mines, United States Department of the Interior. Mine output in New Mexico, Utah, and Nevada rose 16, 13, and 8 percent, a reflection of the increased work week at Kennecott Copper Corp. properties, and largely caused the increase for the country as a whole. The Nevada increase was caused also by greater production at mines of the Anaconda Copper .Mining Co. and the Consolidated Coppermines Corp., in Lyon and White Pine Counties, respective- - ly. Refined copper production from domestic and foreign sources declined . notably from May but figures for June, like May, included unusual shipments of cathodes as such. Sales of copper continued at a high rate in June and the price held firm at 30 cents a pound for electrolytic copper. The Senate passed a bill (HR Tidewater issues Monarch Gains Earnings Report ew Property I Plans are in progress to hold a special meeting of stockholders of the famous Cardiff Mining and Milling Company, to elect a new SAN FRANCISCO In Tide board of directors. Plans include Water Associated Oil Companys adding uranium properties of semi-annustatement of stockmerit to the companys holdings; holders, President D. T. Staples also to. vote the stock reports net income of the comYears ago Cardiff mine was pany for the first six months oi controlled by the late Samuel 1954 amounted to $18,167,000, Newhouse, who built the New-hous- e compared with $17,487,000 in the Hotel and the Newhouse similar 1953 period. building. Based on the 13,433,299 shares of common stock outstanding at June 30, 1954, the earnings per 7709) suspending the excise tax share were $1.35 for the first six on copper for another year endmonths of 1954 and $1.30 for the ing June 30, 1955 and it was similar 1953 period. signed by the President June 30. The House version of- the bill For the second quarter of had carried a continuation 1954, compared with the second of the suspension. quarter of 1953, the net income A Foreign Operations Admin- was $9,279,000 and $8,739,000, istration loan of $10,000,000 made respectively. The statement to in June was for the purpose of stockholders reports income of increasing the capacity of the the parent company only, includRhodesia railways to transport ing dividends received from subcopper and other materials. sidiary companies. 1953 . figures to have been restated accordingly. According press reports, Chilean mines probably would Sales and other revenues and resume a work week before income in the six months ended June 30, 1954, aggregated long. as against a total oi al non-assess-abl- e. - ar 6-d- ay $229,-297,00- $231,184,000 reported for the 0, cor- responding period of last year. A cash dividend of 25 cents per share was paid on March 1, 1954 and, in addition, a 5 stock dividend, consisting of 639,681 shares, was distributed on June 23, 1954. The net working capital at June 30, 1954, amounted to $98, 206,000 and the ratio of current assets to current - liabilities was 3.39 to 1. Capital expenditures in the six months period ended June 30, 0! amounted to $24,452,000. The average daily net production of crude oil and natural gas liquids in that period was 98,000 barrels. 1954, We specialize in Uranium Stocks and maintain markets in the issues which we believe to be above average. fol-low- ng Bid Unlisted Asked URANIUM STOCK TRANSFER AGENCY 50 Interstate Uranium, Inc 051 Utah Vernal Oil & Uranium . . DIAL .05V2 Western States Uranium 02 Utida Uranium, Inc 31 Apache LATEST INFORMATION AVAILABLE ON 5-45- INC. Silt Uto Bldg. Phone 47 s, tive and Arthur H. Nielsen of Salt Lake City, was retained as General Legal Counsel for the Company. The Company has commenced exploration work and jack hammer drilling operations on one of its properties located 15 miles southeast Vice-Preside- nt Cltg. BUB 4th South at 3rd East 21st So. at 13th East N. Temple at 5th West 04 15 1859 Wash. Blvd. Ogden 84 97 of Moab. The Company will commence wagon drilling operations this coming week on the same property. The Company further plans exploration and drilling operations on its new property at Temple Mountain in the near future. Harley J. Corleissen, head of Harley Western Oil Company of Provo, Utah, is the President. J. L. Guiver and Ray Penrose are Secretary and Treasurer, respec-tvelThey are oil executives of Salt Lake City. With Sid Elia son, Chairman of the Board of Western States Refining Company of Salt Lake City, they comprise the Board. Jess Abernathy of Moab, Utah, is the Field Supervisor and scout of the Company with offices at Moab, Utah. y. Aladdin and Company .431 Judge Building Halt Lake City, Utah 17 Potter's Free Exclusive "Uranium Watching Service" Designed to help you increase your profits and cut your losses. Contact us for details. P0TTEB INVESTMENT CO. (Formerly the American Heritage Investment Co0 URANIUM STOCK SPECIALISTS 512 Atlas Bldg. Salt Lake City . 95 - TWX-S- U 478 NEW ISSUE Heavy Duty Drill, Generator, Blower and all necessary tools to do Drilling Total Weight 250 lbs. Performance Comparable to Bulky Compressed Air. White Eagle Uranium Company Homelite Corp. 91 16 0i Lisbon Valley Big Indian Mining District (Steen Aer) and Vicinity. Address: S29 Hewiou N. J. Cotro-Maneprominent local attorney, was elected Execu- ROCK DRILL Photogeologic and Uranium Claim Map Name: nt PHONES: North Salt Lake, Utah Name of Company Interested in: PlUMP.gENDERGOlDE pany. 25 TELEPHONE S, Vice-Preside- 3,000,000 Shares of Common Stock -- 5c Par Value OFFERING PRICE 10c PER SHARE - As Per The .7440 Highway THE ABOVE COMPANIES HAVENOR-CAYAI- Monarch' Uranium Company exercised its option to purchase 23 uranium claims located at Temple Mountain, Emery County, Utah, The Company through its Board of Directors decided Tuesday evening to exercise the option after receiving a favorable geological report. At the same meeting the Board of Directors increased its number from five to seven and elected Obra Wiggle of Moab, Utah, and Lee Pearson of Salt Lake City, Utah, members of the Board. Mr. Wiggle is President of Eastern Utah Gas Company of and Pearson is the Western States Refining Com- Complete Stock Transfer Service For) Uranium Mining and Exploration Corporations Suite 41 8 Beaton Bldg Uranium, Inc flee Page Coven T CSS to T. SIS, approx, to B. BE to T. HE and part of Colorado B. SO and B 19W). Properties obown in Color. Ideal for Broken to ohov location of Properties of Uranium Companies FRICK lie WESTEBN STATES MAP CO. 84S So. State - Boom SOS 8AIF LAKE CITY, UTAH Terms Of THE OFFERING CIRCULAR The Company holds by assignment, fenr different . groups of mining claims, totaling almost 1180 acres in the Southeastern Utah and the Southwestern Colorado region The business of the Company is exploring ior uranium on its Property An Offering Circular may be obtained free by contacting the UNDERWRITER ARLIN DAVIDSON 39 Exchange Place - Salt Lake City, Utah Please send me the Offering Circular on White Eagle Uranium Co. Name. Telephone- - Address City Zone State. |