OCR Text |
Show February 24. 1956 Fife WESTERN MINERAL SURVEY Seven Sun, Rigby To Develop New Tungsten A 200 foot tunnel on the prop(Continued from Page 1) in Suns profits. Baggs and Lucky erty, is estimated by manageerty is in Box Elder County, Utah, ment, to contain 7,500 tons of Star between them, have in ex- ore valued in excess of $1,000,000. cess of $170,000 cash. Management said the area has The progress report shows Sun hardly been scratched. has $201,921.81 cash on hand, Management of Sun also anstocks in and securities, nounced, it has filed on a number $41,800 of claims, adjacent to the Rigby in and invested $40,000 bonds, a total property, which Sun will own 100 machinery and equipment, assets. of $283,721.81 per cent. toSun, Baggs and Lucky Star Geological ore formations trend gether, have over $400,000 in to the north with very good showcash and liquid assets. ings reported, of gold, silver, lead, Sun is the largest stockholder in copper and strategic metals. Management reported the propLucky Star. Baggs has worked with Sun on other ventures and erty to be of such magnitude, Sun management intends to pro- several operations can be carried vide Baggs with ample oppor- on in the area. The management tunity to share in Suns success. intends to consider several farm-outSun has opened up two bodies Six claims staked by Sun, have of tungsten ore assaying six to 11 per cent and has located three been leased to Congress Uranium more veins which will be pros- Corp. Management announced its ura pected. s. Legal Advertisements - (Cont. from page 6) DELINQUENT NOTICE 612 Dooly Building Salt Lake City, Utah 16, 1956 There are delinquent upon the following described- stock, on account of assessment levied on the 17th day of January, 1956, the several amounts set opposite the names of the respective shareholders as follows: - Cert ghmm Amt. TXo. 6350 631.25 Barton. Donald K 35.00 Bee Hive Bid. Co. ..6000 35.00 5000 Bee Hive Bid. Co Burton, Dr. F. G. 3.40 680 Lindsay 683 Burton, Dr. JF. G. 3X0 400 Lindsay 5.00 588 Cameron. Margaret .... 1000 631 1307 1308 659 Davie. Frank or Victoria M Davies, Frank or Victoria M Davies, Frank or Victoria M Davies, Frank or Victoria M 716 763 763 764 637 Ellerman, or Fay 957 963 965 J. J. J. Henry B. IMPERIAL... (Continued from Page 1) The company has a Held crew assessments thereon, together bull-dozewith and compressors with the cost of advertising and on the Calneville projworking expenses of the sale. ect. REED L. REEVE, Foreman Nielson said weather Secretary has been cold at night but in the 612 Dooly Bldg., day time it has been moderate Salt Lake City, Utah Date of first publication Feb- enough to continue working. At Red Canyon where Imperial ruary 17, 1956. has 50 claims the ore is on a channel which AEC field men examined. Geologist Bronhave NOTICE TO CREDITORS son Stringham, is reported to Estate of BESSIE FROST have told board members that in his opinion, the blocked out ore CHAMBERLAIN, Deceased. as much as $100,-00- 0 Creditors will present claims may tobe worth $150,000. with vouchers to the undersigned has filed an applicaImperial at 1105 Continental Bank Bldg., for a $35,000 loan from the Salt Lake City 1, Utah, on or tion DMEA. Management is hopeful before the 1st day of July A.D., approval will be forthcoming 1956. shortly as the money can be used EDWARD F. CHAMBERLAIN to follow-u- p the channel in the Administrator of the Estate of Red Canyon program. The Blue Bessie Frost Chamberlain, Lizard mine is about three and Deceased one-hal- f miles away and the mine is six miles Jack HURD & HURD, Happy northwest of the Wingat. Attorneys for Administrator 1105 Continental Bank Bldg. Salt Lake City 1, Utah Date of first publication Febru(Continued from Page 1) ary 24, 1956. $1,890,000. Cash profit was less $475,000 allowance and depreciation, for depletion SUMMONS Ellerman, Henry B. Ellerman, Henry B. Ellerman, Henry B. or Fay C or Fay C 1081 C. Ellerman, Henry B. or Fay C 886 Gritton, Earl V. or Helen 663 Gustafson, Herbert J. 993 Herzog, Darrell E 15.00 500 3.50 500 3X0 1000 5.00 3000 10X0 5000 35.00 5000 35.00 1000 5X0 1000 5.00 500 3.50 1000 5.00 STANDARD . . . 15.00 3000 .84 187 5.00 1000 3.35 470 Howell, Dale Jenks, Don A. or Ana 5000 35.00 10.00 Jenks, Don A. or Ana 3000 10.00 Jenks, Don 'A. or Ana 3000 1.00 300 Jenks, Don A. or Ana Jenks, Don A.or Ana 5000 35.00 10.00 3000 Johnson, Fred H. 3.50 500 Jones, Carl D Kerbs, Alex or Ethel 100000 500.00 3.00 Kerbs, Jacob or Hulda 400 500 , 3X0 Kerbs, Jacob or Hulda 6.00 Kerbs, Jacob or Hulda 1200 . .81 163 Kerbs, Jacob or Hulda . bringing the figure to a net profit of $620,000 as mentioned. IN THE DISTRICT COURT One of the hopeful announceOF SALT LAKE COUNTY ments in the report, is the inforSTATE OF UTAH mation that lime penalties are soon to be a thing of the past. JANICE MAE MADSEN Another favorable note is the PERGROSSE, that taxes will be comdisclosure, Plaintiff vs. paratively low, because of a carry-ove- r deduction of $422,000, ROBERT VICTOR PERGROSSE, available from 1954 due to writeDefendant off of the entire exploration anc Civil No. 107,244 development expenses. The report said Standard exSUMMONS pects the law suit Involving Shawano's claim in adverse Standard's properties, will go to THE STATE OF UTAH TO THE trial in February or early in ABOVE NAMED DEFEN- March. Kerbs, Richard Lee 50.00 10000 or Jake DANT: Standard management anc 169 Kerbs, Richard Lee 50.00 10000 or Jake You are hereby summoned and legal counsel hold to their opin170 Kerbs, Richard Lee is no merit to these 50.00 required to serve upon Paul S. ion, there 10000 or Jake claims. Counsel for adverse 1375 Lewis. Frank plaintiffs attorney, Standard, the report said, have 40.00 Roberts, 8000 or Marie A 34080 170.40 whose address is 903 Kearns 1134 Neibanr Brothers 5.00 1000 398 Norris, Jacob Francis Lake City, Utah, an repeated their firm conviction, Salt 3X3 Bldg., 666 748 Reichman, H. R., M.D. that the company will be sue 3,13 answer to the complaint within 1061 Reichman, H. R., M.D. 635 cessful in the litigation. 5.00 1000 440 Savage, Mary E, (20) days after service .60 twenty 130 1189 Smith, Douglas R. 3.85 of this summons upon you. If 570 767 Sutton, Arthur T. 6.35 738 . Thompson, J. A. Cat" 1350 so to do, judgment by de- No Change in Zinc 10.00 you fail 1268 Wheelock, C. Edward .. 9000 8.50 fault will be taken against you Production of zinc oxide (leac 1353 Wheelock, C. Edward .. 1700 35.00 5000 743 White, Charles 8 demanded in said free and leaded) in the United relief the for 753 Whiter Charles 8. 35.00 qomplaint which has been filec 5000 States during December remain or Florence 754 White. Charles S. Court. of said Clerk the with ed virtually the same as that re 35.00 5000 or Florence S. 755 White; Charles ported for November, according PAUL S. ROBERTS, 35.00 5000 or Florence fto the Bureau of Mines, Unitec Attorney for Plaintiff States Department of the Interior, and in accordance with law, so 903 Kearns Building, oxide Production of lead-fre- e of each parcel many shares of Salt Lake City, Utah 300 a to tons of total decreased be such stock as may necessary was this but tons, Plaintiff: 15,100 of Address the drop will be sold at the office of offset by an increase of 500 tons 1802 Kensington Avenue company, 612 Dooly Building, (33 per cent above the revised Salt Lake City, Utah, on the 5th Salt Lake City, Utah FebNovember figure) in leaded oxide day of March, 1956 at the hour Date of first publication to a total of 2,200 tons. of 2:00 P.M. to pay the delinquent ruary 17, 1956. 1117 133 133 134 136 380 944 1063 633 315 316 317 683 168 i C five-mont- g ... all-tim- ot $1,-095,0- 00 Ellerman, Henry B. or Fay 3000 1. 6) or Fay C Ellerman, Henry B. or Fay C 959 963 C J. EISENHOWERS singular influence over the nations stock markets made history again this week. The news that his physicians believe he is well enough to serve another term ended the quietest trading period at the Spokane Stock Exchange (3-3-5- 6) DELINQUENT NOTICE BUNKER inLL reported 1955 net income of $3,275 or $2.03 a share, vs. $2,417,200 or $1.49 a share in 1954. Both figures are based on the 1,583,000 common shares outstanding after issuance of 275,000 shares in November to Hecla for its half interest in since the 1932 depression year. Sullivan Mining Co. Gross inBUYING ORDERS began com-n- g come was up to $58,619,216 from in again and brokers look $49,807,863 in 1954. Net befor a better mining market re- fore income taxes wasprofit $4,780,-02gardless of Eisenhowers decision, he decides to run again, and CALLAHAN LEAD-ZINfiled the odds have swung up that he concern a with Canadian a market then be there jointly will, may on 500 mining claims in the boom. field ONE VETERAN MEMBER of new Windy Point lead-zin- c on Great shore the of to northwest so as went the Exchange far predict 1956 would be one of the Slave lake in the Northwest Termost profitable years that the ritories. The site is 25 miles across mining stock market here has the lake from Comincos importLead-zin- c enjoyed. prices are ant Pine Point development. good, new uranium ore bodies DAHL URANIUM has started are being discovered in the Spowagon drilling on the Spokane kane area and a uranium processIndian Reservation, about one-ha- lf ing plant seems assured. The dismile from Newmonts Mid-nit- e covery and development of new uranium producer. Surface mines invariably results in an active' market and upward price showings of autunite were found while preparing drill sites. About trend, he pointed out. LITTLE DAMAGE was done to 2000 feet of drilling is planned the Coeur dAlene district mines in an argillite tongue near a h strike ended granite contact. by the recently, the Idaho mine inspecDAWN URANIUM is starting tor reported. With only minor open-pi- t mining of autunite in repairs needed at most of the the Mount Spokane district under proprties, full production can be a 50-5-0 profit-sharinagreement obtained in short order. with Target Uranium. Six of 10 SILVER moved up, in three drill holes indicated around 6000 jumps, to 91 58c an ounce. This tons of ore from near the surface is now above the domestic price. to a depth of 60 feet. COPPER was hiked 3c to 46c a BISMARCK-NABOBMERGE-R e a new lb. high. LEAD and ZINC markets were ore body on Deadhorse Pohit, quiet, but if the rest of the world near Moab, Utah, has been outused only half as much raw ma- lined by drilling to date as a chanterials as the U.S., the need for nel over 700 feet long and avnatural resources would be stag- eraging about 50 feet wide. The gering. The per capita consump- ore bed varies in thickness from tion of zinc and lead in the U.S. 1 to 3 feet and assays have run is 11 lbs. and 9 lbs. respective- from 0.20 'to 1.37 per cent uradeveloply. The per capita consumption nium oxide. A 120-foof these metals in the rest of ment tunnel is to be extended and a new shipping contract has the world is only 1 lbs. and 1 net income been negotiated with the AEC. PRESIDENT rs SHASTA COPPER AND URANIUM COMPANY, INC. February nium holdings will be disposed of as soon as possible and it will concentrate on its Newfoundland tungsten claims. The report pointed out, the nice is $63 per unit of 20 lbs on ungsten concentrates, with a chemical content of 60 per cent W03; 6 percent ore would be worth $378 per ton; 2 per cent ore would be worth $126 per ton. A new body of ore assaying in excess of 2 per cent management said, was recently opened on the eft side of the canyon at Desert Peak. Management described it as 1800 feet below the tunnel with a vein of 3 to 4 feet. As tunneling goes deeper into the mountain it is expected ore will become richer, management reported. Shipments will be from he property at Newfoundland to the mill in Salt Lake City, management announced. (3-9-5- TIAGO CONSTRUCTION CO. MAINLINE SEWER & WATER CONTRACTORS 3399 South 2nd PHONE IN 7-15- West 26 Are You Expecting an Addition to Your Family? Plan On Making A Wise. Investment With the Perfect Gift For the New Mother From Rock-A-Dr- y Baby Diaper Service 1209 MAJOR STREET rOB A FREE GIFT TO THE EXPECTANT MOTHER, PLEASE CUP COUPON BELOW. NAML ADDRESS. CITY. .STATE. |