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Show August 26. 1955 Iki Western Miami Page Five Survey. Salt Lake City. Utah Bowman Gets Standard Equipped To Develop Big Indian Kaiser Kills Coal Rumors 6 Mo. Penalty In N. Mexico Plans Drilling For Practices Despite a company announcement iollowing the 3.5 million dollar purchase by the Kaiser Steel Corp. of coal lands near Raton, N.M., that there are no immediate plans to mine the coal, optimism has been expressed that the company will begin large-scal- e operations soon. Sen. Dennis Chevez of New Mexico announced recently that he received the following message from one of the aides of Henry J. Kaiser: I do not think you will find that Kaiser Steel bought the land just to say they have the largest single area of coal land in the United States. While I do not know, my feeling is that within there will be activity in min-nthe coal in New Mexico Bureau x Uranium Corp. The of Albuquerque, N.M., has announced that it has contracted with Standard Uranium Corp. to develop Big Indian properties in Utah. Core drilling will be started immediately by Charles A. Col-U-Me- A Salt Lawe uranium securi- ties dealer had its license suspended for six months on three counts this week. Ned J. Bowman & Co. must cease operations beginning Monday. It was ordered by the Utah Securities Commission to refund payments for any stocks found to have been solid illegally. The commission order and findings referred to Ramon Bowmans involved promotion of Horseshoe Bend Uranium Co. in which he obtained service of Bowfunds of man Co. and Co. Bend Horsehoe the Main findings of the commission concern the underwriting and sale of Ranger Lake Uura-niu- Steens Moab Drilling Co., President Thomas Harrington said. He said the agreement will enable to concentrate on development of its properties in Union, Cocorro and Grant counties of New Mexico. Col-LT-M- NO MERGER SAYS MAHONEY m Co. TASK FORCE Standard Uranium Corp. will use equipment like this at their Standard workings near Utex in cooperating with in the Big Indian district in southern Utah. this a brokthe while primary offering a secondsaid was it firm erage ary offering in Utah. The SEC said the Bowman company, an Getting Ready original member of the selling group of Ranger Lake, which was underwritten by James Anthony & Co., New York, started 1955 solicitations last spring and reProduction and Consumption of Uranium, An Outsiders ceived orders and payments for $20,000 worth of this $1 par value Estimate will be the topic of a paper to be delivered by Dr. stock. Armand J. Eardley, dean of the College of Mines, University of The Salt Lake brokers were Utah, before the annual meeting of the American Mining Conadvised by attorneys that Ranger Lake common stock was not gress, to be held in Las Vegas, October 12th. registered in Utah. Dr. Eardleys paper is to be Bowman then ordered from Angiven under the section dealing thony for its own account 20,000 with AEC Policies, Outlook shares of Ranger Lake to satisfy For The In Industry. customer orders. DawA. William In selling this stock, which sonCongressman and U. S. Senator Arthur B. Equity Oil Co., which was emBowman paid 80 cents to customof Salt Lake City, inently successful with oil and ers who had paid by check in Watkins, both on the also listed speaking gas development in the Rangely favor of James Anthony & Co. are oil fields of Colorado, is workBowman switched the customer program. inOther ing on a gas development in the speakers prominent to drawing checks in favor of Piceance Creek area of Colorado. clude McKay, Secretary Douglas Bowman Co. The Equity area is 50 miles of the Interior, the U. S. ComIn at least one case, Bowman missioner of Internal Revenue from the route of the Pacific sold Ranger Lake stock for $1.25 and the Assistant Secretary of Northwest Pipe Line. after purchasing it for 80 cents, the Interior. The operation has been under the commission said. Several governors of western way for several months. Several states and U. S. Senators of the holes have been drilled and the outlook is promising, according west, are also on the program. to a spokesman for Equity. There will be sections devoted Specfograph Several gas wells of General to uranium milling, the explora- Petroleum Co. are located hi the tion and development of uranium vicinity. The latter company has been operating in the area for and on uranium mining. several years. It is not required ONE DAT SERVICE to drill to great depth. TREND IS TO THE J. L. Dougan is president of Uranium Oil and W. W. Dabney, Equity "SELECTIVE" and treasurer. secretary Tungsten considers The agency Col-U-M- ex University of Utah Dean Plans Uranium Talk For Congress Equity Works Gas Colorado X-R- ay ANALYSIS Antimony Selected Securities Columbium Thorium Tantalum $3.00 foi one Element Write, Phone, or Drop-i- n For the Latest Quotes And Information On Selected Uranium Stocks 426-42- 7 ATLAS BLDG. Sail Lake City. Utah $ 1 0.00 Phone TWX-SU6- 3 77 (oi Complete Analysis This method established in our Laboratory Since 1952 Complete Ore Testing Service We Solicit Tom Inquiries Minerals Refining Co. 5221 Sonth Major Street P. 0. Bon 367. Murray. Utah AMherst 31 Earth's 'Rich Hill' Owned by Anaconda reserves of the Greater Known Butte Hill project are now estimated at 180 million tons the most concentrated mineral wealth in existence. Anaconda Co. owners and developing company at Butte Hill last May estimated a new ore body at Butte at 100 million tons to be mined by open pit methods. Chester H. Steele, in charge of Anacondas western operations made the estimate. vice-preside- nt NELL INSURANCE AGENCY Complete Insurance Protection Performance & Surety Bonds ALL FORMS OF LIABILITY Auto - Fire - Res. Phono Jolly Jack Now Has Wyo. Site Mahoney said the possibilities of merger with various companies have been explored for the past 10 months. Both the possibility of a merger with a larger company as well as merger into a group of companies have been discussed, he declared, with the thought of entertaining whichever might be the best advantage of Apache. Up to this writing, nothing tangible has ' come out of the talks, he said. NOTICE Jolly Jack Uranium Co., has acquired control of the Little Missouri Mine, near Sundance, Wyo. Enough drilling has been achieved to start mining. Mines Development Corp., Judge Building, is handling development work for Jolly Jack. The new mine located in the north east corner of Wyoming, offers great promise of excellent uranium, a spokesman for the Mines Development said. TO STOCKHOLDERS UNIVERSAL URANIUM CORPORATION of Ufah We urge that all persons now owning stock immediately obtain their certificates from brokers and be sure that same have been Rioperly transferred on the books of the Company in order to avail themselves of all rights as stockholders. CARLYLE C. EUBANK, Sec.-Trea- s. UNIVERSAL URANIUM CORPORATION IT'S NEW! IT'S FOR YOU! Valley State Brokerage, Inc. Specializing in MINING URANIUM OIL UNDERWRITINGS Suite 109-11- 0 2520 South State Street, Salt Lake City, Utah Dial TWXSU 73 11 (Branch Office: 900 Sonth 5th Street, Las Vegas, Nev. Ph. 5511) You are cordially invited to inspect our new facilities (including free adjacent parking) and to use our professional services. If you'd like to receive (without obligation, of course) our monthly information bulletin containing news of local stock market activities, just fill out and mail the coupon below. VALLEY STATE BR0KEHAGE, INC. 2520 Sonth State Street, Salt Lake City, Utah Name htt ti AddiCH Phillips Petroleum Building 47 quantities. Please send me yonr monthly stock market bulletin. Theft M. G. NELL, Manager Bus. Rhone g The coal lands in northeastern New Mexico, were purchased Sanford R. Mahoney, presdient from St. Louis, Rocky Mountain of Apache Uranium Corp., in a statement to the Survey today, and Pacific Coal Co. The Kaiser said that thus far there has been Steel Corp. recently filed papers no definite arrangement or agree- of incorporation with the New ment of merger of Apache Ura- Mexico Corporation Commission. nium with International Oils and Metals or any other uranium company. BUYING Rare Earths g ever-increasin- 26 City rrmiTTi State |