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Show The Western Mineral Survey. Salt Lake City. Utah Page Eight Underground Gas Stocks Increase Underground stocks of on May 31 totaled 230 million gallons, an increase of 59 million gallons during the month. Of the total, 192 million gallons were concentrated in Mississippi, Louisiana, Texas and New Mexico, and the rest was distributed through New York, Michigan, IlliLP-gas-- THE SPOKANE MINING KET, usually quiet and weak at this time of year, gave a good account of itself for the second straight week. Lucky Friday Silvee r-Lead marched to a new Vulcan of sale $3.65. high Silver-Lea- d jumped 40c a share to a new four-yea- r high bid of $5.85. The parent firm, Callahan Zinc, advanced to another new four-yea- r high of $5.25. Day Mines also reached $2.37 accompanied by rumors that they may MAR- all-tim- enter the uranium field. Big eastern money was reported in the market for Callahan shares, and there were rumors that outsiders might be seeking control. Favorable reports continued to come from the Vulcan (Galena) mine west of Wallace in the Coeur dAlene mining regions silver belt. Concentrates were said to be very rich in silver and copper. BUNKER IIILL & SULLIVAN boosted its third quarter dividend declaration by 5 cents a share to 30 cents. The disbursement will total $392,400 and will bring the firms total dividend payments to $76,597,650. Stockholders of record August 8th will receive dividend checks September 1st. IIECLA AND POLARIS held to their recent quarterly dividend rate in declaring dividends of 5c a share payable September 15 to stockholders of record August 18. Hecla will pay out $50,000 to bring its dividend total to The subsidiary Polaris will disburse $114,849 to up its dividend record to $6,692 441. CLAYTON SILVERS earnings in the first half of this year, if maintained throughout the last half, would total more than This would be $20,000 more than the company netted in 1954. From gross sales of $191,208 in the first six months of this year, the company had net income of $40,567 after taxes of some $36,-705,00- 0. 0. $81,-00- $12-50- 0. A ZINC PRICE INCREASE SOON is looked for by industry men here who keep tab on the London metal exchange. The London quotation this week, plus freight and duty charges, reached the equivalent of 13c a pound laid down in New York. This was c a pound above the domestic price . . . Several zinc properties in the Spokane area are reported awaiting another zinc price advance as a signal for resuming production. PEND OREILLE MINES, big, es producer in northeastern Washingtons Metaline district, is scheduled to put the third of three units in steady operation by September 1. A third section is be- nois, Kansas, Oklahoma and Moning added to the incline ore con- tana. Underground stocks of propane veyor belt from mine to concentotaled 133 million gallons, an intrator to make this possible. DAYBREAK URANIUM load- crease of 37 million gallons. Bued out two railroad cars of autu-nit- e tane stocks totaled 81 million galore in Spokane. The initial lons, 18 million gallons more than shipment from the discovery at the end of March. mine of the Mount Spokane uranium district is bound for a Salt Unlisted Uranium Lake City processing plant. A high AEC official who visited the property this week was said to have called the ore the best he has seen in the country. low-co- st zinc-lea- d ay A URANIUM ORE BUYING STATION will be constructed in this area by the Atomic Energy Commission if it is assured of some 3000 tons of uranium ore monthly for at least three years, the official indicated in a Spokane Daily Chronicle interview. Ore would be stockpiled until enough was on hand to warrant construction of a uranium processing plant here by private industry . . . After several days of examining uranium deposits and checking ore reserves in this area with other AEC officials he said prospects are encouraging for a Salt Lake Stock Exchange August 4, IMS Thursday, The Information listed below is derived from sources regarded as reliable, not guaranteed, bnt believed to be correct. Asked Bid Listed Stocks 8.78 7.87 14 xBanner Mining Big Hill xBononsa Oil A Mng xBristol Silver . . : xBnllion xCanUff Central 06 08 3.25 07. Btd 1.00 xChlef Con xChlef Con. Pfd. Chief Con. Warrants xClayton SUver Colorado Con xColb. Bexall xCombined Metals Comet 00810 xCommonwetlth Lead xComatock Uranium xCons. Eureka xC rescent Eagle Oil xCroff 30 03 14 14 08 03 10 1.18 08 .33 Oil .03 1.40 .03 S3 07 30 04 05 00 03 19 05 Gold Chain Great Western Horn Silver 10 .04 03 17 Queen Kennebec xKeystone Lakeside Monarch A0 .00 xLeonora xLittle May 03 03 04 .45 xMaJestic Oil A Mng. xMammoth Miller Hill Miners Gold xMono Kearsarge xMagnolia Uran. A Oil Moscow xMt. States Dev. xMountaln View 03 .03 .04 .09 03 .05 .01 Naildriver xNev.Tah Oil ft Mng. xNew Park xHew Quincy xNorth lily xNorth Standard xOil See. ft Uran xPark Bingham Park Nelson .03 .03 .07 AS .05 .05. .06 .10 .03 56 413 .33 34 m 07 .03 33 '. .13 33 3.75 06 4)5 75 03 4)7 xPark City Con. xPlutus Prince Con. xProsper Oil ft Mng. . .45 .33 .03 .18 .16 .07 .03 .11. 1.30 .13 .38 .04 1.50 .05 .33 .10 .34 .06 .06 .07 .05 .24 .07 .13 .07 .04 .31 .25 18 1 Park Konold Park Premier uran-ophan-e. 50 75 .35 Crown Point xDragon E. Crown Point xEast Standard East Tintie oCal'n xEast Utah xEmplre Mines Eureka Bullion xBureks Lilly Con Eureka Mines xlndian .04 .04 .07 .06 3.37 .08 1.05 .03 03 xEureka Standard uranium industry here. PITCHBLENDE (uraninite) was found in diamond drilling at the Midnite mine on the Spokane Indian Reservation, the AEC said in a report on the 13 holes it drilled there. Most of the uranium occurs as autunite and The drilling indicated general continuity of the mineralized zones, the report said. A Newmont subsidiary now is operating the property. 16 4)0 08 3.13 4)9 1.15 .06 A0 .03 .10 4)9 .0s 55 .30 .07 .08 xlndicatea Operating Companies Sales Cardiff 1100 at 3.25 Chief Con. Com 200 at 1.05; 500 Colb. Rex&U 2000 at 15 Comstock UraniumMSOOO at 11 Cons. Eureka 3400 at 1.15 Croff Oil 5600 at 33 at 1.00 East Utah-30- 00 at 21 Leonora 1000 at 3 3500 at Magnolia Uran. 3000 at 0110500 at 34; 300 at 35; h at 34; 600 at 32; 1100 at 31; 500 at North lily 000 at 1.10; 100 at 1.15; 9; Nev.-Tk- at 10 1500 33 300 1.10. North Standard 1000 at 5 Park Konold 6000 at Premier 3000 at 4 Prosper Oil 4000 at 8; 1000 at 8 Silver King West. 500 at 43 O undance Oil 100 at 15 Tar Baby 3000 at 85; 1000 at 25; 1000 at 25; 350 at 34 3000 at 3 Tintie Central 3000 at Trans-UniOU 3000 at 6; 3000 at 6; 2000 at 5; 1000 at 5 United Park City 100 at 335 Utah-Wy- o. Con. Oil 1000 at 50 West Toledo 8000 at 15; 500 at 18 Curb Sales 3; on oci t East 005 :oei i ooi uatua suoa at 32; 500 at 33; 1400 at 33 Standard-35- 00 at 23; 3000 North Standard 3000 Prosper Oil 1000 at Tar Baby 500 at 35 at 8; 5 1000 at 8 Utah-Wy- o. Con. OU 100 at 65 Willis ton B. Oil 1000 at 31 Spokane Stock Exchange Rimrock Releases Drill August 5. 1955 Program Denver Survey Bureau. Harry A. Trueblood, Jr., president, today announced new directors of Rimrock Drilling Co., Inc., of Denver. He also disclosed that the firm has staked the first of four wells in its 1955 drilling program. Directors named at a board meeting July 20, include Trueblood; John E. Price, Fort Meyer,. Florida; Theodor F. Rittenberg, Denver; Saul A. Levine, New York City, and Harley B. Graff, Denver. $149.50 GAMMA-O-METE- R Don't let the price fool you! 60 times Geiger countery sensitivity. No background count. Equals scintillation counter per- -' formance. Other models to $795. Looks like a million! Performs like a million, $3 day up. All makes repaired. A-E-- 45 East Broadway. Salt A Lake City. 79 Trans-Weste- rn NOTICE TO STOCKHOLDERS URANIUM STOCKHOLDERS UNIVERSAL URANIUM CORPORATION Will you please have your stock certifi- of Uiah cates properly transferred IMMEDIATELY to avail yourself of all rights as a Trans-Weste- rn Uranium stockholder Paul S. Dixoiir Pres. Trans-WesteUranium Co. rn Cromer Co. Brokerage Membei Salt Lake Stock Ex. Salt Lake City. Utah Suite No. Exckauge Place Uranium Digest Upon Request 4-- 39 urge that all persons now owning stock immediately obtain their certificates from brokers and be sure that same have been properly transferred on the books of the Company in order, to avail themselves of all rights as stockholders. We - CARLYLE C. EUBANK, Sec.-Trea- s. UNIVERSAL URANIUM CORPORATION |