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Show MM. i --,--- -1 ,-- I - - ' ' ' ,-- - - - ' - (This is another itia series of grNein en the West's uranium boom. The author, Robert S. Bird,- - is L veteran writer'for the Now York Nereid Tribune. The series is carried exclusively in this area by the Deseret ., . and development of promising mining claims. Jslew companies ' By ROBERT S. BIRD I were formed in raise money . Don't buy uranium stocks un- from the public to drill out the less you can afford to lose your ore beds and mine them if they "proved up." Some of these I money. were perfectly legiti- That's the advice I got from companies mate in every respect and did people i n all branches of the not to, offer more than pretend uranium industry, including the a mere few' gambling risk.-- A promotersIvhcrputtogether such companies have been able uranium companies, the brokers to get into production, and who deal in uranium stocks, and the holders of mining claims on others may yet prove profitable. But inevitably promoters be- which these stocks are floated. I got Iit from men who pros- gan to move in. They acquired pect for uranium, from men claims of, dubious promise on who mine it, and from men who which to organize uranium corn- panies, under, - arrangements refine it e It isn't that they don't have whereby the insiders would take falthr in the future-o- f the ura- profit cuts from the sale'of the nium industry, or that they be. stocks whether the mine be- lieve that all uranium penny came profitable or not.. The stock boom psychology stocks are outright "gyps." Their warning is based on the was such that the avid public fact that uranium companies bought without ever asking to are highly speculative enter. see the prospectus of the corn- prises because uranium mining pany, and the buying pressure is inherently risky, at least at kited up prices, so that every- this stage of development. body was making money on paperfor a while. Hysteria Most of these new companies The present uranium boom on the .Colorado Plateau, though were organized and floated as well founded on successful Offering under Utah laws which , search and going operations, is did not require the full dis- closure nothing to justify any such getric- ties andof facts that the SecuriCommission Exchange h-quick as started hysteria in Salt Lake City this summer demands for stock issues under and sent ripples through the its regulations; As the situation , began to get out of hand, the rest of the country. Utah Securities Commission which That speculative orgy, U. cracked down with new require- urais deplored by the whole nium industry, reached its cli- ments of its own. Utah issues harded-headefrom mid.summer max early in June. It was al- launched have to had careundergo ready subsiding, with sagging ful screening before getting the industry. stock 'prices, about the time the rest of the country began to green light from the commishear about it. At the peak of sion. the penny stock boom, broker- 'If You Can Afford to Lase' "All uranium stocks are spec- age offices in Salt Lake City had to close their doors to be- ulation," Lyman L. Cromer, sieging customers waving hand. president of the Salt Lake City fuls of !WO bills and demand: Stock Exchange, told me flatFamous Norwich Aspirin costs ing stocks at any price. In one ly. "And there's no such thing abfiut 41J the prke that millions pay. of over as a shares 7,000,000 day good' speculation." uranium stocks were traded in "But if you want to speculate ylonutestastiteraniellaefsPlifth Salt Lake City alone, and the in these stocks, and can afford speculators included people to lose, examine carefully what , from every walk of life. you are buying. Read the pros- A normally decorous town, pectus thoroughly, and the geol-Salt Lake City today looks back ogy reports on the property on its craw experience as a and make certain you knoy, the man might recall a wild poker-playin- g reputation of the persons be- weekend, which was fun hind the stock. Then buy it as at the time but nothing he a speculation, not as an invest- would ever want to repeat. Ac- ment. tually, most Salt Lake people - Ramon Bowman, a member of took a quick plunge and got out the Salt Lake City brokerage No liner s si In time to make a little profit, firm of 'Ned Bowman & Sons, WHY PAT mom leaving belated speculators in who helped to form several of other parts of the country hold- the' most' actively traded ' uranium stock offerings, talked ing the deflated stocks. The stock boom started from about these from the promoter's the sudden and rapid expansion point of view. , - , ', ,, . , ' . 1 ' ; land lays 1 ' . i Z 79 ' , . ., , , .11 - -, 4' , , . , . - a IN1 I L I -. , , II ' I I , -- . '55 110VEYOU CAN.HAVE DELUXE ! HOFFMAN ct takeTa-tutancl--g- - ly. -- , EASTVISMITTFORARITTLE AS 149.951 ---- - 24 Months to Pay -- , - ,, p .-,- - ,2,,,I , , ,........1 I vio 777-7- ,-0 ? - - Vire . , !I JNda. ,Ok 771 MEG , - tr . NEE1101111M ... 44-A- I Fr:1:-,:- tr , I - m y - ' , it- corn-plan- .. I Leat , ZNL.,. I ri1 6t - , H Easy-Visio- n h 0 . , , lc-- ;.,,,: ',.''''' , ,.,,,, ,.:,,:,,,,,,,,:.,,,,...: ,,,;,.,,, ,,:,,,:,,,,,,,,,,,,,., , A., .,.,,,,.....,,,,,,. ,A,, t rki..,, 1 '.f,.., ) Al ' 'el vi titt'itrAt ej ,,P. rsk ,...:, ,;.$ ,, t.:,.. I 1 ,..te:,,, ::,, - I We Service All -- 4Y-i- ' OMCEIt TICKET SURROUND YOU WITH SOUND. Sound 3 SPEAKERS quality usually found only in expensive custom Installations. Yet, it costs you nothing extra! ,, , Pr-1,0- 1 1 ,. I ... -- aimmoorA - : 0 Or i 47346 PHONE , . ,e fleflaff.4 EAS'r 3RD SOUTH !71,1 So. Main Street Telephone General Agent - ir 4107. Ltl.A.VAVA ),(f!tt iffg L Hewitt. T. HI-F- t" s So''u'iho' in 'Pacific - "SOUNDORAMA - Handle Our Own Contracts This hi the easy, restful way to go. Streamlined Pullman goes through to San Francisco without change. Leave in the evening, arrive San Francisco next afternoon. Choice of luxurious accommodations: Roomettes or Section Space if traveling alone; bedrooms for one or two.' TAKE THE FAMILYAsk about money-savin- g Family Fares. - NEINA SEE THE Makés-and pattitiri,-----1:14- 71 - , 21" SUPER De Luxe 17" VALUI 1411.1111 21" TAINT! MODEL comei, with pre' in mahogany or Soacetoter cabinet, vats line earphone new mtrk Ten elastic blond. Matching bate ext. 179.91 rMki,ird2.111111.1114 In mahog. (bolo ext.) r: Through Pullman to Son Froncisio. gi, SCIDI . ro.i ', ',k4 Allt ',... , 1 io 1.;,1:1,;..,,,z,..,,,,.; .....:,. ,,'".1 km. Noll " 43 SI - i t1:4"'. ot! 4 an . , 0 6ti .4 Aspirin , - - time-tabl- e ....a:4. NORWICH r - ' - - I 4 tp q , -- -- ' ht liteeYr-babreokug- 'AP -- ; i ASPIRIN. - .. &NI, SAVE MONEY ON QUALITY - I AS rk blA f d . 0 I ' twin-engin- , ' .. ' , - gh ,, .L Marries d 1 .) . ' News and Telegram.) ' -- - - - ev. , , the plateau of new ore dis- coveries and a' need to get fi- nancing to complete exploration on - , ' - ' -- Johnson,---director, , -- multi .0.. "full strength" Irt' life finding ,his mine, in Utah. ' 4vi" nitear tremaehed ,,,,.,., U.S. p ':,- ,, . ,,, 0 , his drèam 11 a other the hand, 1 a..',, 2 weapons program.10n ' A In the Meantime; the first steps came true. Uranium is like !;' LONDON- (UP) Poland ae-- I W'4, I $e You may Ny, or you eused' the United States Mon-A- , are being 1 A 4t nuclear power, program. Jesse may, have fun losing. Butvery, 'Ii day-- of intimidation. moral pres-!. 6., to ILe wA, -,Tolo C: ,of the very few are getting rich quick sure, blackmail and bribery in P vEVERYNEED' AEC's division of raw materials, in uranium. ,, the seizure of Polish ships 'vie . l II " I on outlook this the analyzed kiiiiik ., the Chinese Nationalists le offir:!. A 'wt.-- , . "If the company has. plentyl in detail for theAmerican Alin- "Sure, it's a ' M.17.JaT.IdOMEM ' Communist China. Film St, WA; ; N business,' he said. "People were of capital, say $3,000,000 or,' ing Congress in San Francisco The Warsaw radie said a for- 1 PA 7111121 buying uranium penny stocks' more, and a I long.I in September. His conclusion NEW YORK de-mal had notd been ' Ao ) protest summerWithOut looking to range'exploration program, it:1 was that there esn be no quesa CO singer Marilyn Maxwell - and livered to the U.S. embassy I 10, AlkNi I see what they were taking. But may offer an opportunity for tion that a great nuclear power screen tal;6111 writer Jerry Davis 'were there. It referred to earlier pro-- 1 Ired, ttNAt.14:7N- in them will around it making into it; nobody pushed profits ,develop speculation,"; program i'wed Sunday in a tests by the Polish government: 06 Aik ar was a madness. I was buying he said. "But the organization uranium, and possibly thorium, Corn- - against the seizure of the New in York's ceremony ships A .0 mineral. uranium properties in the same should be carefully scrutinized another radioactive Church. , President Gottwald and Praca.1 , to see that the insiders are not Only the is uncertain. munity way, without, looking. . too commisout much taking 'Solid Uranium Cadillac Prospecting Not for Amateurs sion arid that they are bound to for uranium is MI couldn't afford to look. If stay; with the codmany and' Prospecting I did, somebody else would share in its fortunes. Some un. not for the amateur unless he has time and money to spend in an adventure whith-i- s strictly a million dollars while I was a gamble. Let Vernon J. Pick, looking. I would hate to tell: 'Scaling Out' an who amateur began prospeet lost out on you of the deals necessary to' study ing J with a $6,000 stake and by not snapping them up fast the ', geological reports and know' found a bonanza, speak: . enough." .. about them to interpret "If a guy is so poor he hasn't .A Mr. Bowman .drives an trY"-Then, it is better not to got anything to lose, or if he's arresting car which he calls his put all your money on the one got so much money a little gam.' "solid uranium Cadillac," and lottery but to distribute it bling won't hurt him, then it's ' ... , e his firm has its own Or around several promisin okeh ., t and pail', and I saw panies. After buying the stocks, Pick told a United Press cor.' 4 enough of his activities to be- - it is most important to watch respondent last month, after ' :0,1ek lieve that he has got wealthy in each one carefuully to take selling his Delta mine for ., 1 ' ,, deals, His point of vantage of rising pricesrIt's a $9,000,000. . -to .;,,. who fellow "But off idea ,.. for sell the has good as while not gradually conservative view, to work hard every day for the as most, is based on his own ex. and take the profits'scale out, as they call it'until you are few dollars he might be able to perience. "This uranium business is for operating largely on the profits savewell, it's better that he LOWEST ?ICE rill rot COISOLE bold people," he said. "you you have made. Its not easy, stay away from the Colorado -Plateau." done." can but it be can't measure this by any other, ..,. , . Mr. Pick ought to know. He Two questions frequently ,worked mining boom. , Uranium has a Wowthe hard and lost his almost greatest values kt Hoffman historyw6 asked are: Does the -by public a lot terrific future and there's I I It r-rthe lawest prkes in Hoffman history! Why settle a have uranium future? bright of uranium on the plateau. But t tA for less !non Hoffman quality with the famed J it's a speculative business. If Should I buy a Geiger counter softens harsh pktum light? kasyNision and for uranium? prospect you can't afford to lose money, It's yours for pennies a day now with one of AR in them that order, Answering stay out. I can make money in those brand new '55 Hoffmann See the tem 4.21 I ,6 Ii I CrINTI etRirrArrtr..r uranium. I don't say everybody uranium appears to have aSuper Value foor models today! E.:771 i tiegol L961111i, LIU growing future. All present proelse can." CONSOLE imaginal Genuine Hoff. duction ore uranium of is going '';:1.,,L In New York, I talked to in a deluxe mahogany-finis1"61A13 r4 .on. I ' Monroe F. Pofcher, a former to weapons, and the government 1 cabinet. Also in cherrywood. blonde talightlY 4. ,, Ft has nowhere has it indicated . AEC - attorney who knows the higher) Model 21)4357 . . financial side of the uranium .. picture and whose views reprel , , sent those of the --conservatives in the- - uranium I -- ' 1. , . - i, - . , Salt, Lake. City, Monday, November 22,19,54 DESERET 4NE,WS AND TELEGRAM, . Bootnin- the Old West ,,rantum-New - , ;, . 1 .1 - ,, . .. . ' ' . . , InistmEno r . v ... ' .' t ; ,..,,,,:,:, ' s ,,,,,:,,,.,.,,,,::,::::,,:,,,..::,:,:,,....:,,:.,4,..,,,::.,,:,..f,:,,,:.:,,,,,,::::,.. .. ,,,., .:,,.. ,,,:,., 7J:::... - :,' c::::t4t.,..:.,::,..:.:. 4 f ..3::::.;:;::::!. tr",...17:11, ::; Ykov.,..,...,,mmetnril 4 .... , I.:' ,. .'''.:::. .... , ,:. - , ,., ,,,gahtsitimaxioN,gdbiaik...nrelatt..A.g.,: . 41111 Trethendous t'- -- - - , ,.. i . - , 4.1 :1;;, , ' j .,, . ...,idelk ' ' ...tsada ' ' ' , r7z:: 1 , .. t i : .. ' , 0.. 0 x,(0P,Frir4 ---'7'71- 7::- , f ; .,, ., , ' ' 1. , , , a,,,,,,,u4.0.4.smit.,"n All Super Values Savings! j,::1,:..1::.:1.:::,:.. , , - , , , 1 , d!::. -!- .1,,,,.!::: . 0 0 , : 0 1 1 V1:2;:. 4 1 i ,,,....,..... 1 , ;:.:.: A,....:,:!.7 !:::,,,,,:,:,.::::,..:.:y1 ' , : '::: ..,:;:;,,77"14.,-- " A '''''..:.i::!irr C ''''' ';' .. 0107,01114 t , . , - 4,,,,,.1.4.4,04.- : 4 ;,4. auanlities Priced! ' .,. i , - ;? , .Specially. Purchased! Tuesday! Day 7 , Milted! , , , Are ' If - - - .. , : ,, 4 C k Ala; I , . I i ill I 11 .' , , it.17 , ti 4 , , 4 ) rfill) 1 111017 ' k ' I , I ' i , gil 4 ., . .I, a , tl , - . , ' ' ' . 'f i ,. , , , ,. , . '' ''' . st a Tuesday final - . sell-o- ut , , ... . , - , ioi, - l: wry, , li, ,,,N.,.., .... , AL - 'R;g. 1.98 HosieryI Knee-High-Nylo- n- . - .4 ', 1 ' - - ., readlifficIlun No mire placed shoes when they're put easily away in order on this sturdy unichrome finish shoe rack, Made with 'welded joints, won't collapse.- - Holds ,, nine pairs of mpn's or women's shoes. Sotry, no phone or eall orders. st Floes THZ PARIS NOTIONS.--Sire- ,. - . , ' I ' ' all-met- al ' - ' ' . , I - 1 , 1 c 1 , ---- - I 1 ' - I Th.e?'re sheil, they're flattlering, no need they're oh, so comfortctble for cumbersome garters. Two lovely shadesBeigetone and Tantone in sizes 812-- 1 r: We combed the market to bring you these savings, Every. pcsit.perfect. Sorry( no phone or mail orders. ... ' , THE PATHS HOSHOITStrost Plooi - Vp ' rr..,;34,41111 444144gli. .. , 4 ;. , 4 4 , t .,, , - - : - . II . ..., ., traportod , r - loather-cases- clocks il I , washable 5oat, leggings. bonnet. I, ' 1 - 1 repe'at of a Tuesday final 1 ' I 1I I , ' 1 I - 1 - ' sell-O-ut - . Cafe ''Curtains. - ::: .: ,,,, , - Reg. 19.98 - . 1 , .. .., .. Specially' Priced - 1 , - 1 1 r la3t Terrinc gut suggestion orlevery man and woman on your Christmas list. Fine . I ' clocks, crafted in Germany and en-- - ! cased in genuine leather. 'Red, blue, ' I ' green, light tan, cork. Also, square and round miniature French clocks. Sorry, I no phone or mail orders. THE PARIS ACCESSORIESSiteot Mot 1 I II 1 , Fed. - ' i Nylon 1 ,.., .. .4" Set Toddlers' 1 . 1 , 1 '' 1 , , 1 The tintutestVirattritrrtirwindo4r deo, . and the easiest to care for. orating They're all nylon, so the loose dirt shakes right olL They wash in a wink. dry in a jiffy.: Generously, ruffled, size 29"x36". White only. Sorry, no phone CT nuid orders:- - - , ' 1 0 . - 4 THE PARIS GIRLS AND ENFANTS' WEAR , , : - la , pr. 1 styled little set that wI1tkm15rti ' I her warm ond snug as a bunny. Hat, I coat and leggings, all in washable im-I ported Heeksuede cloth. Coat is srnocked, back and front, leggings are I fitted and zippered. Pink or blue, sizes . I Sorry, no mail or phone orders. THE PARIS CURTAINSStreit , . Float ;. , . , , . . .. . . . , . , . , , . .. "0.. , . . .. : :. I Specially Priced . i ... .... 7,1. - - - 1 . 0 . tr.,. ,. A171) A.4.,,.. , .. 4 - ,' Travel AIarm by Bradley - I ozict-- -1 . 1, ' 1 1 1I at. . , I ' 111.., , - AI , 1- ' " I C .7 135 Values' , - .'' 1I - Rack b1108 gauge, I ': ,,,,,,e,,,.4 . 41"144141k , IS denier ,. , , ':, . .. . - : t ,.., A - .... tit ,..., 11 , . - 51 ., , , . ; , full fashioned .. . . - , . I 7 4 54 ' ,o Is.. . , - . !line - Pair - ., "'''' f ' ' ....... peed of 1 11 , ! ' , se. ., - , -, 4-- 4' . ,, , II - 3 li .. ' ' e owl. 1 ..' . -c ---- a le ' ;. ., . t , ..1: ,...."ftsui.E.Vg , ' tc'' ,, , , ; . , v i, "Irirt;a. 4 ' 4. ' t ' ,,,. . - t,, 41 ' foto' , ' ' ' , ; . ....,--- . dOt''b' 4 .7, ; N.,,,, , ' . . ' , ' , 4 ,. . - . ... 11 leevegirerwr almor 1 r , , , ss10 'lc. ;, z n, e- . ''' ,'''' 'Nth' ' . '' Y NI . , ,,,, 1 , .5 - , , .. 7 . .. |