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Show July 6, 1956 The Weiten Mineral Survey, Salt Lake City, Utah Page 8 Unlisted Uranium, ( JbI y 5, 1956 Qnetatlam Mercury Prices Reopen Idaho Mine In Weiser Ticket Tape Rising metal prices have made Uranium Co. president possible the of a mer- W.Olympic this week reports W. Jacobsen cury mine east of Weiser, Idaho some findings on their interesting and Rare Metals Corporation of the Wasatch from new direct lease America is going after the ore. Mines Co. in the Alta district The company is spending $10,-00- 0 where Olympic is running a drift. Indications now show the propmonthly on payroll and another $15,000 monthly in opera- erty may contain the western extion of the Idaho Almaden mer- tension of the fcrain fissure" the fissure which made thousands for cury mine. old mining companies. Jacobsen According to James Snider, said the fissure was cut off by mine superintendent, the mine the Howland fault. has proven ore reserves to last five years at least. Olympic is shipping steadily from a second lease in the Alta The mine head said the Al- district. The land, "belonging to maden was named after a world Wasatch Mines was leased to West famous mercury mine located in Toledo and subleased to Olympic. Spain. A mill was opened in 1939 Regular shipments of 60 tons and operated until 1942 when weekly are going to the U. S. high gradee ore was exhausted. Smelting and Refining InternaUnder the new management of tional mills in Salt Lake. Rare Metals and with increased Jacobsen reports an average of prices .the Weiser mine is to be 21 per cent lead and 6 ounces in production in the near future. of silver per ton on the shipments. Values ran to 23.5 per cent lead in the last carload. re-openi- DENVER Over-the-Count- Jackpile Planner Moves Up Ladder er Following are bid and naked quotation for uranium stocks. Traneactlona in theae atocka depend on a buyer or seller in each case. For this reason, these do not represent actual transactions. These figures represent the range In which stock can be purchased from the seller (bid) and sold to the buyer (asked). Dealer figures, on which these prices are based have been expanded to Include the cost of transacting the sale to give the figures shown in this list. Because the list Is compiled In advance, some changes will naturally occur between compilation and publication. For this reason, these are to be taken only as a guide. Prices Indicated are taken from consensus of dealers in Denver. Tour dealer will be able to provide you with exact bid and asked figures at the time of your trade. Tuesday, July S, 1956 cific Uranium and other large companies in the Ambrosia Lake one of the top area the in area, moved in. producers now trying to is That company which a effect deal may pool Pacific, Anderson and other chief interests in the area. Kerr-McGe- e, John B. Knaebel, manager of Anaconda Cos, huge jackpile uranium mine near Laguna, NJI. has as assistant to been the vice president in charge of operations of the firm in New York City. The new assistant directed the entire Jackpile operation from exploration to mining. The mill near Grants was built Ambrosia Minerals, one of the and expanded under Knaebels Blue-wat- new companies down south, went on the San Francisco board a few weeks ago starting at $1. Before of the week the stock had skyrocketed to Ambrosia Minerals is a heavy the mid-poi- nt $4-$- 5. owner in McKinley county, N.M. St. Joseph Ind. Enters Oil Field Yellow Cat Uranium Co. is now drilling on Crooks Gap properties St. Industries Co., a newore at comerJoseph with a goal of high-grad- e in the oil, gas and mining deep levels. The Utah corpora- field, this week announces wildtion, with offices at 1229 New- - cat plans in Kentucky. house Hotel, Salt Lake City, has The company is combining with eight claims in the Fremont counaea. ty Somerset Oil Co. of Somerset, Ky., to drill two wells in Casey and Lakeside-Monarc- h Uranium Co., Russell counties, Kentucky, to offices in Moab, Utah, has pulled 5,000 acres of gas and oil its stock for the Salt Lake Ex- prove leases mutually owned. Twentieth Century fuels, which change for a reissuing of stock. St. Josephs home office is in recently absorbed Spanish Trail Rumors are that it will come out near at a future. share in the $1 Scranton, Pa. Uranium, this week tells of acquisition of 100 per cent ownership in the Yaney tungsten mill in Gabbs, Nev., according to Roy Taylor, Salt Lake office manager. The company bought outstanding interests from Bart Van Vorhls, Gabbs mayor, and Ralph Adams. The company also acquired 100 Dragon . . . E Cr Point cent the interest in Cherry per Creek tungsten land in the area, a diamond drilling operation, under the direction of Boyles BrothE LUly ers Drilling, Salt Lake City, is now underway on the Cherry Creek claims. Salt Lake Stock Exchange Hite Uranium Co. is now developing uranium claims near county, Utah. In Hite, Garfield the Silver Standard office-en- d Mining Co. just acquired 1,500,-00- 0 Kennebec Keystone Leonora Little May Shares' of Hite stock. Hite will receive 8 per cent royality on all ore extracted. When Phillips Petroleum pulled out their hooks on a deal with Pa Spokane Stock Exchange Hill M Mono Kear Moscow ... Mt View Nalldrlver Nev - Tah Park Bing Prince Prosper Registered Stocks Butte High ' Rico Ar Royston So Iron Hecla Xndep. A Xndep. B Tin Cent Tin Lead Tin Stam . Met M St L Metro A ... Metro B Mineral Mt. New Hilarity Trans U Oil yo Cromer Brokerage Co. Mesibei Salt Lake Stock Ex. Salt Lake City, Utak Ssite Re. 4-- 39 Exchange Place Reports on 1956 Uranism Digest and reports on Comstock Oil and Uraninm. Seagull Bhawano Bhlprock Shumway Bilver Pick Southwestern Bodak Standard Sterling Strategic Metals .01 08 03 3.75 7.50 07 02 .11 .04 Victor Con Sunshine Sun" Con United LZ Water Power Western A Western B .54 51 01 37.50 .03 38.50 .05 .04 .03 . 02 W Alloys West Tol . . Wllllston Tank Con Zuma Sales 00 50 AUV Mir 0W vHasvu Col RexaU 2000 at 44c " Comb Metals 2000 at 12c Comstock 1,000 at 20c 300 at $1.20; 800 at 81.15 Dragon vm 1.25 1.25 04 15 18 M 85 .01 B1 Swansea Lucky FtL Republic U. Rex Rio Orsnde West. U Rlmrock Babre-Pino- n Corp Ban Juan er Polaris Bun Con 200 at 1.67 556 at 51 Intersession 4000 at Prosper Royston Registered 1800 at 24 Clayton 200 at 3.62; Lucky Frl 300 at 3.50 500 at 24 Silver Mtn 100 at 56 Sun Con Unlisted 100 at 17.90; Bunker H1U Registered Qolconda Hill New Quincy Pk Konold 300 50 at 3.60; at 17.80 18 Markets The following Information Is compiled from information obtained from various sources and believed to be correct. 2,000 at 2,000 1,000 2,000 Con. Eureka 1,000 at at 2o at 12c at 5c 7c; 14,000 4c Curb Sales 1,300 at 85c 100 at 81.15 Dragon Grand Deposit 1,000 at 2c Horn SUver 3,000 at 4c Miners Gold 1,000 at 8c Nev-Ta- h 7e 4clle 3.000 at 4e 1,000 at 26c 2,000 at 2,000 at 4,000 at Royston Silver Standard 2,000 at 4c South Standard 1,000 at 22c New Quincy Trans Union Wllllston at 7c |