Show V 01 t J nd nc Down the Street eta Is Firm Arm Approved or or Exploration loan f 1 Robert V. V W. W BerniCk Bemick Metals Reduction ked ned became me the first firstIn be approved ed for a Jn In to ng i loan for metals met ls under the Dc- Dc r Tense Minerals Administration program n-i. n E E. If II Snyder president ol of C M l I R R. R said however that only the application had been approved approved approved ap ap- ap- ap I proved according to word from from Washington ashington V The company has not received any advances ances as yet C M II I R 11 plans a exploration tion program in the old Ben Harrison Harrison Har liar rison mine in the Stockton district district dis dis- dis- dis Tooele County About one mile mie of drifting cutting cross cross etc is projected Mr Ir Snyder said Objective is le zinc lead zinc d-zinc ores under under un un- un- un der outcrops of worked by early day prospectors Approach to the mine will wil be from C M Rs R's foot 1200 level inthe inthe in inthe the firms firm's Bauer mine D DMA M A grants a 50 loan on exploration for new bodies bodi s of zinc lead-zinc ores The company puts lUts up the ti-ic other 50 If I the exploration is successful in ill uncovering commercial shipping shipping ship ship- ship ping ore tile the te government is paid back out of production A number of other Utah mining min mm- mining min min- ing lug companies have applications pending before the time government agency But their requests have not been acted upon as yet yet Figures in Purchase Waller E E. Cosgriff Cosgrif former president of Continental National Bank and Trust Co is one of the purchasers of the Converse County Bank at Douglas Wyo i it was as announced Wednesday Frank Graham of Canon City Colo Cob was as Gains Mines Post PostA A former Salt SaI Laker has been named chief engineer of the coalmines coalmines coal coalmines mines division Tennessee Coal Iron and Railroad Co a United States Steel Corp affiliate it i was vas reported Thursday lie le is Stanley D D. at it one time employed here by Chalmers Allis fleer icer as a field feld engi- engi Crude Oil Oi Decline Crude oil oi production in Utah averaged a day during during dur- dur I ing ng the week ending May 12 the I American Peti Petroleum oleum Institute said aid Thursday The figure figuie I a decline of some 50 a i day compared with wih previous weeks week's production Abandon Wildcat Standard Oil Oi Company of Call Cali- Cal Cal- fornia orma Thursday announced its Hayden layden Creek No 1 wildcat White Mute Pine County Nevada would be plugged and abandoned at it a total depth of ft It The jie well wel is in a lime formation forma- forma tion ton 1011 and has suffered from loss or of f drilling driling mud for many weeks It I is a joint test with Continental Conti- Conti Cont- Cont Oil Oi Co Another wildcat project with Continental is planned nearer to Ely Nev Ncr it was vas announced in Salt Lake City |