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Show PAGE FOUR SEPTEMBER 27, 1954 The Western Mineral Survey, Salt Lake City, Utah .......................... Mon Families Buy Lennox Warm - j Air Heating Than Any Other Make JWS J an Pacific Butte LENNOX FURNACE CO. 2200 Sonth Main St. Phone 84-76- I Reorganizes; Stock Rises 84 I The reorganization of Pacific Butte Mines Company, the name of which is changed to Pacific Uranium Mines Company and purchase of 10 new claims in Arizona, spurred a spectacular rise of stock of the new company on the San Francisco Mining Exchange. Last week the stock rose from a low of seven cents to a top of 50 cents. It has since eased to ELECTRIC HOME FREEZER 35c SAVES YOU TIME AND MONEY a. share. K. Ralph Bowman, a director of the new company and partner of Ned J. Bowman & Sons Company of this city, played a part in acquisition of the new Arizona uranium claims. This purchase seems to have sparked activity In uranium stocks in San Francisco. Geologists Deem Colorado Plateau Vital To World Uranium, the key element of the atomic age, has transformed the Colorado Plateau fronf a territory, once considered practically worthless, into one of the most Important areas of the nation. It's formation have become the most intricately studied on the face of the earth. There are more geologists engaged in maplng its1 features, surface and known. area similar than any sub-surfac- e The truth of the above statement was convincingly emphasized during the recent trip of the Geological Society of Utah .to the principal uranium areas, where more than 200 geologists from practically all the western states foregathered. Many visiting geologists expressed wonder at what they saw taking place. Towns that heretofore had been classified as mere villages are now teeming with excitement and ibued with unprecedented activity as they hurry to perfect new Sale of the lush Pick Mines to the Odium interests for $9,000,-00- 0 domiciles; now mostly evidenced and entrance into the urani- by trailer houses. The Moab area um field of such nationally is a paradise for trailer salesknown financiers as Robert men. Backyards of residences are Young, Homestake Mining, Vana- occupied as a general rule by as as half a dozen trailer dium Corporation, Clymax Mo- many houses. are being lybdenum and numerous wealthy laid out. Accommodations are difDallag and Houston oil operators, ficult to obtain and the general indicates - men who control risk impression conveyed to the viswas that of an capital on a large scale are fo- iting geologists the in making. empire cusing attention upon Utah's The invitation to the trip was uranium fields. wisely accompanied by the suggestion to bring along a sleeping bag. Most members of the party were obliged to use sleeping bags on account of the scarcity of conveniences. body. Much greater production Stops made at strategical points oon the trip, where specialists pointed out faults and formations favorable and otherwise as they were passed enroute, and which were envisaged as possible cources of production. A number of A E C officials made the trip with the geological party. At Monticello the group inspected a uranium refining mill where vast improvements have been authorized by the A E C, contemplating the expenditure of large sums of money. The hope was expressed that the town of Monticello, which heretofore was but a sleepy village would rival Moab in its growth. Wiliam Lee Stokes, of the University of Utah addressed the group as well as C. M. Mobley, of the A E C along with other prominent geologists. Almost all of the speakers the our contained in facts portentous opening sentences. Industry Beats AEC In Sub-divisio- OLD The extra years enrich Its great Bonrbon flavor HICKORY sTmGHTB0URB0NWHI,n Six TEAM OLD 88 PBOOT Old Hickory Distilling Corporation OA424C Monopoly State No Price Ad-2- 01 Philadelphia. Pa. line. 3 cols, x 67 lines) Newipepere-Jnl- y, 1954 U-O- ie Exploration In summarizing the functions of AECs Grand Junction, Colo., operation office, Sheldon P. Wimpfen, Manager of the office, said today at a uranium session of. the 1954 Convention and ExIncluded in the itinerary was position of the American Mining a visit to the Charles Steen mine, Congress that private industry is twice as much which was thoroughly appreciat- doing for uranium exploratory source madrilling ed in the wood. A steady stream terials on the Colorado Plateau of trucks was observed flowing as the Atomic Energy Commisfrom the Steen mine, the out- sion and the U. S. Geological combined. standing beehive of activity in Survey the Moab area. During the current fiscal year he said, AEC will drill about ' Just now in sight, there are 620,000 feet of exploratory in the Moab area several poten- holes and the USGS will drill tial producers which need only about 500,000 feet. Wimpfen said uranium ore the continuation of certain tunnel during the current fisdevelopments to reach an ore production cal is year expected to exceed Is thus envisaged for the future. the past years record output. AEC plans to continue production incentives, such as bonus payments, devolpment and haulage Uranium Claim allowances, and minimum prices for pres and concentrates, he Staking Service continued. Vacant ground in San Juan Wimpfen said the AEC mill and Grand Counties, Utah. expansion plans have top priority to speed implementation of Promising possibilities the Commissions major objecFor particulars write: tive, to obtain maximum producBox 613 Moab, Utah tion of uranium ores as soon as 1 SPECIALIZING possible. IN URANIUM SECURITIES Whitney & Company Offices at: Bonafide Residents of Utah Only Telephone 3-30- Room 302 Newhouse Building 10 Roy Morrissey, Art Director 10 EXCHANGE PLACE Salt Lake City, Utah Pboues: 06 or TWX SU-3- 80 237 ROBBER. BUILDING Albuquerque, Phones: 14 New Mexico or TWX AQ 165 r am Interested. Please Send me a Prospectus. Name Address City Reports on Royal, Pathfinder, Upetco and : Kentucky-Uta- h State Mailed on Request |