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Show Montana Mine Sets Vermiculite Record New 'Cat1 Features Reinforced Cabs cabs for 6 are a No. Shovels Caterpillar recent addition to the line of heavy-dutcabs and accesories for power machines manufactured Inc., of Rochester, by Minn. reinforced Roomy, y Ct-enl- Cab width extends beyond hy draulic controls on the right side to provide easy operation of the shovel; and the front extends over the starting engine control, so all starting operations can be performed from the operators seat. Two doors allow easy en- The most vermiculite ore ever mined in a single day, 824 tons, came out of the Libby, Mont., mine on September 10, according to the .Zonolite Company, Chicago, operators of the mine and processors of the mineral. Previous mining production had never exceeded 700 tons in one day. The new record is in anticipation of increasing fall sales of vermiculite which is insuwidely used as a loose-fil- l lation plaster and concrete aggregate, soil conditioner, and chemical carrier. Seven-Mil- trance and exit from either side, the manufacturer states. Body panels are built of steel, reinforced heavy-12-guag- e by ing. Cab is held securely to the tractor by inch supand and doors members, porting all edges between cab and tractor are thickly weatherstripped. Simple installation and removal of the cab can be made without disconnecting any hydraulic lines or altering the tractor. one-four- th Vertically mounted windshields minimize chances for glass breakage and dust collection, while providing a clear view of shovel operations, according to the manufacturer. Hinged rear window swings open for ventillation. Optional equipment includes electric Moab, Utah Sale of the Seven Mile Uranium Company properties by Nick Murphy for a sum reported to be $500,000 has been, completed. Fred M. Frazier, of Moab, and J. S. Corely and Mark Holloway, of Oklahoma are reported as purchasers. The claims are a few hundred feet from the highway entering Moab. Teik Stock Exckaugei In Mining Stocks' Loans Made on Listed Mining Securities 2380 Washington Blvd. 132 Main Street SALT LAKE CITY OGDEN 35 North University, PB0V0 523 West Sprague Ave., SP0KANS H. Wayne Stead Co. Investments URANIUM STOCK 3-27- 56 - State Exchange Bldg. Spit Lake City, Utah NEW ISSUE White Eagle Uranium Company 3,000,000 Shares of Common Stock -- 5c Par Value OFFERING PRICE 10c PER SHARE - Per The Terms Oi THE OFFERING CIRCULAR The Company holds by assignment four 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 for uranium on its Property An Offering Circular may be obtained free by contacting the As Recapitalization Oi Colo. SAN FRANCISCO D. T. Staples, president of Tide Water Associated Oil Co., announced that at a meeting of the board of directors held recently, a dan of recapitalization was approved whereby it is proposed to amend the certificate of incorporation to create an issue of $1.20 cumulative preferred stock, $25 par value, and to offer to the holders of outstanding common stock, other than Mission Development Company, Mission Corporation and Pacific Western Oil Corporation, the opportunity to surrender all or any part of their common shares in exchange for such new preferred stock on a share-fo- r share basis. Uranium ore specimens averaging from five per cent to 80 per cent content were exhibited at the Utah State Fair under sponsorship of the Uranium Ore Pro- Plateau Uranium finds are not confined to the Colorado Plateau. This s what the chief of the AECs exploration branch told delegates at the American Mining Congress. Earnest E. Thurlow, of the Salt Lake Exploration branch of the AEC told the congress more than 6,000 delegates of newly found uranium deposits in the Nevada-Souther- n California areas. These deposits, Thurlow stated are located in the Kings River Valley, Lovelock area, Kern Riv- er and the ducers Association of Utah. Total value of the .ore exhibited is placed at $10,000 according to Kim Theobold. of the Association. Over 100 specimens exhibited from numerous producing mines in the Colorado Plateau, were furnished by members of the Association. It is the second year the Association has sponsored a uranium display at the Utah State Fair. Austin-Tonopah-Haw-bor- ; ps at the rate of $1.20 annually. It is expected that an offer of exchange will be submitted to the stockholders on or about Oct 22, together with the notice of meeting and other pertinent material. The offer of exchange and the plans becoming effective will be conditioned upon obtaining the necessary approval from the stockholders the said stockholders meeting. Mr. Staples announced as the reason for the plan the following the extensive program oi expansion and modernization undertaken by the corporation has made it advisable to pay no cash dividends during the second and third quarters of the current year, and made it unlikely that any significant cash dividends would be paid for some time. , We specialize in Uranium Stocks and maintain markets in the issues which' we believe to be above average. fol-low- ng A 5 per cent stock dividend was paid in June of this year. While most of the stockholders appear to be content - to forego cash dividends in the interest of capital growth, some stockholders have indicated a desire to receive cash dividends of no less an amount than heretofore has been paid. Rather than to pay small cash dividends on all the stock, the board of directors determined it to be advisable to enable those stockholders who wished, to receive cash dividends in no less an amount than they have previously received by exchanging their common stock for dividend- paying preferred stock, and at riie same time to permit the remainder of the stockholders to forego any substantial cash dividends in the near future in the interest of the anticipated in the value of their stock to be derived through the expansion and modernization LATEST INFORMATION AVAILABLE ON THE ABOVE COMPANIES Name of Company Interested in: Name: program. UNDERWRITER ARLIN DAVIDSON 39 Exchange Place - Salt Lake City. Utah Please send me the Offering Circular on White Eagle Uranium Co. Name Announces Deposits Found Outside e, Lake-Spokane-N- ew Phone 343 South State Tide Vater Oil re areas. These areas show cation of commerical concentraust Ihe surface outcroppings, and tion of uranium minerals. He pointed out that :none-o-f the are awaiting further exploration known' deposits have been exiy individuals. Thurlow says this is a chal- plored below the zone of oxidalenge for mining interests to tion, which has made the interin these take up the job of developpretation of the out-crodifficult in new areas extremely ment, thus bringing about the increased production of uran- estimating potential production. Thurlow went on to say that ium." Cab dimensions are: height 63 in.; width 52 in.; length The deposits, as described by with the exception of the Marys-valThe three corporations named Utah district no substantial 45 in.; door opening 25 in. by the exploration chief, are small own together approximately 53 33 in.; shipping weight approxiand of low grades. Only those production has been obtained per cent of the outstanding com- associated with deposits in the strong faulting from the vein-typ- e mately 725 lbs Finish is standard mon stock. A stockholders' meetor with igneous dikes give indi- Intermountain region. Caterpillar Highway ing has been called to be held enamel. vNov. 15 to vote upon the plan For additional information or of recapitalization and the necesprices on this cab, write Dept amendments to the certif-icate-o KP, Crenlo, Inc., Rochester, Minn, sary f incorporation to carry or contact nearest Caterpillar disout the plan. tributor. Mention this The proposed new preferred stock will be $25 par value each and will bear dividends A. HOGLE & CO. We Specialize U-o- libranOT ed glass. Membei Salt 100 Specimens of Shown at State Fair U-0- re yellow or air windshield wipers and tint- J. Mine Sale e Reported At $500,000 inch steel fram- three-sixteent- Telephone Address City October 18. 1954 The Weston Mineral Survey. Salt Lake City. Utah TWO PAGE Zone Stat- e- Stockholders who desire to receive some cash dividends and at the same time to retain an interest in anticipated capital growth can of course exchange such part of their stock as they desire, retaining the balance. Under the plan, the making o the exchange is entirely option on the part of the stockholders. " Address: : HAVENOR-CAYAI- INC. S, 529 Newhouse Bldg. Salt Lake City, Utah Phone 47 |