OCR Text |
Show T Past 2 T Tie Welters Mineral Survey, Sail t An gust 17, 1SSS Lake City, Utak WESTERN MINERAL National Committee Named Vitro Nets $263,729 For October Convention For First Half of Year 1- SURVEY' -4 A Washington, August 17 nationwide committee has been named by Howard I. Young, pres ident, American Zinc, Lead and Smelting Co., St Louis, Missouri, president of the American Mining Congress, and Garner A. Beckett, president, Riverside Cement Co., Los Angeles, Cali- fornia, chairman of the Western Division of the Mining Congress, to draw up a Declaration of Policy representing the mining industrys views on national issues of major importance to the industry. This Declaration will be submitted for the industrys consideration at the 1956 Metal Mining and Industrial Minerals Convention and Exposition of the American Mining Congress at Los Angeles, October and Smelting Co., St. Louis, Missouri ;Mine Financing L. J. Randall, president, Hecla Mining Co., Wallace, Idaho; Social Security J. F. Gates, American Cyanamid Co., New York; Water and Air Pollution Miles P. Romney, Utah manager, Mining Association, Salt Lake City, Utah; Mine Safety R. T. Els tad, president Oliver Iron Mining Division, U.S. Steel Corp., Duluth, Minn.; Government Reorganisation Horace M. Albright, United States Borax and Chemical Corp., New York; Uranium Merrittt K. Ruddock, Almar Exploration Co., San FranL. C. cisco; and Solid Fuels Vitro Corporation of America reports net profit after taxes for the first six months of 1956 amounting to $263,729, according to a report to the shareholders by J. Carlton Ward, Jr., president. This compares to a net profit of $140,968 for the similar period of 1955. t, MEWS 411 - CIRCULATIOK Phoo. Church Strret EM 60 Mr. Ward said that Vitro EnADVERTISIKO KU gineering Division, which sus- Box 2608 Utak Lake a Salt City, than .more tained losses for year, now shows a profit, with Entered aa Mcond elaaa matter at Salt increased profits forecast. He also Laho City, Utah, under Act of March X ISIS. recounted large new facilities for SnbKripttoo rates: IS 40 for tvo joan; the Laboratories and Rare Metals 13.00 for oiw soar. divisions totaling $2,500,000, and Please mention Western Miners! Surdescribed a recent agreement with whan writing to odrsrtlssrs. Adrer-Mrfnrey Four Corners Uranium Corporarates on application. tion for substantial ore supplies. y The computed net profit was equivalent to 34c per share on the average number of shares outstanding during the period as against 27c in the 1955 period. The overall operations of the corporation continue to improve, stated Sir. Ward, "and the first six months of the year have shown a- continuing increase in earnings over a year ago. Coal Campbell, Division, Eastern Gas and Fuel Associates, Pittsburgh, Pa. Based on total revenues of The full resolutions committee the income for the peKenneth C. Kellar, attorney of will meet in Los Angeles Septaxes and special before Lead, South Dakota, has been tember 29 and 30 to draft the riod, for amortizing experimennamed chairman of the resolu- policy declarations in final shape charge costs of Salt and tal for convenconsideration development the by tions committee' for the convention. The report of the resolu- Lake City was $730,727, comtion. tions committee will be submit- pared to $455,966 for the similar A number of subcommittees ted in sections, at appropriate period of 1955. The special charge have been appointed to give adduring the convention ses- amounts to $70,998 for six months vance consideration to the in- points thus sions, allowing full attention and will be fully amortized by dustrys views, which are cur- to be given to these Important the end of April, 1957. rently being submitted to the industry policies. Income after special charge but American Mining Congress by before taxes was $659,729, commining men throughout the pared to $384,968 for the similar country. The subcommittees and . OIL NEWS LETTEH of 1955. This was an intheir chairmen are: General Free on request. Includes map period crease of approximately 71 per Kenneth C. Kellar, KelPolicy showing recent successful well cent. lar, Kellar and Driscoll, Lead, Mr. Ward' stated that the undiscovercompletions, new-fielSouth Dakota; Labor Relations business of the corporafilled ies, etc. Also drilling wildcats tion was Denison Kitchel, attorney, Phoe$43,528,000 as of June and their progress, oil and gas 30, with nix, Arizona; Taxation and Govapproximately 44,000,-00- 0 ernment Expenditures Henry B. news items regarding an area backlog to be added upon exFeraald, Loomis, Suffern & Fer-nalthat offers you the chance of a ecution of a new contract with New York; Gold, Silver and lifetime by filing oil and gas the Atomic Energy Commission D. H. Me Monetary Policy for the purchase of uranium conleases on U.S. Govt. land. Laughlin, president, Homestake centrates from the Salt Lake City OIL LEASE SEHVICE. INC.. Mining Co., San Francisco; Tariff, mill. Stockpiling and Mineral ProBonded Lease Broker, Dept. WM He predicted that earnings for Richard A. Young, grams 8943 Wilskire BIvd balance of 1956 will show an the American Zinc, Lead appreciable increase over the first Beverly Hills. Calif. half of the year. vice-presiden- . HHI LO It RAINS - 1-- 4. $17,-572,01- HA&BY B. KILUER MIRIAM BRINTON nrx L. McARTHUR On July 31 the corporation, which had owned 47 per cent of Thieblot Aircraft Company, Inc., acquired by exchange of stock the remaining 53 per cent of that company, which is engaged in the development and production of aircraft components and production systems. PnbUaher Editor Adr. Manager All news appearing In the Weston Mineral Surrey Is obtained from aonreee hollered to bo reliable but no responsibility Is sssnmed for accuracy of statements. Reproduction of sny material from this publication most bar written pennies! on from tbs publisher. 5, help you with . ELECTRICAL' ADVICE d, 0 , d, Our consultants will gladly help you plan for better vice-preside- nt, power applications. There is no charge v WEED THE DOGS OUT OF YOUR PORTFOLIO Let Us Keep You Posted on the Uranium Stocks We Think Have a Good Growth Potential nJ vattb I CUT MOTOR INVENTORY! Now we have General d 55' Electric motion in stock 5j 7 X, 10; 15 and SO bp! Dont r I THE WEST'S CHRISTOPULOS-NICHOL- S BROKERAGE CO. FASTEST GROWING 340.Sestk Stale Si. - Salt Lake City, Utak mELi MINING & OIL Name LIST I r ' Address T PUBLICATION 'a State City.. Tri-Cla- pour money in tie-u- p motor stocks. Well give service on you these motors. For all your motor needs emergency or otherwise pick up your phone arid Dial ME for Motors.? 24-ho- ur . b 6JL INTERNATIONAL SMELTING and REFINING CO. WeiUtH ' iHiheral Cm urCeif SUBSCRIBE NOW! General Electric 1 tint 2 nus $5.00 Bight now the circulation of the WESTERN MINER St SURVEY is keeping pace with the mining industry in general booming! Keep posted on latest news and quotations by reading the WESTERN MINERAL SURVEY regularly . . . every week. Supply Salt Lake City, Utak Pkese EH 11 Boise - Casper Butte - Denver Billings - Albuquerque LEAD Lead and Lead-Zin- c &'2IHC ODES c International Smelting and Refining Co. GEMEBTrTffirTBIC OVOBS Circulation Departments ui CONCENTRATES Smelter I Tooele, Utak I Concentrator Address: Ore Purchasing Department Lead-Zin- 818 KEARNS BUILDING Salt Lake City. Utak F. A. WARDLAW - General Manager Please establish contact prior to shipment. 421 Chuck SL P.0. Box 2608 Salt Lake City, Utak NAME ADDRESS 0117 STATE. Remittance Bill me later |