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Show Up and Down the Street Reserves livestock Markets Bank Growth Declin- e- To Spice Worry U. Indus try By Robert W. Bemick Tribune Business Editor Uranium reserves of the United States are expected to bit a restively sharp decline in the next six to seven years. They may not be adequate at the end of 1971 to support an accelerating civilian demand for nu- clear power generating stations. They may not be adequate to support exports of uranium to other na-- I tons, coupled with export of nuclear power units abroad. - Tlsey may be lower already than : they should be in view of the lead time Involved In prospecting, exploration i and mine development These were some of the views ex- pressed on the status of the uranium W Mr. Bernick un- mining industry of the West-n-ow dergoug a first of projected major declines as a result of the Atomic Energy Commission 1966-7"stretch-ou- t program for uranium oxide procurement The ideas formed part of a talk by Allan E. Jones, manager of the Grand Junction office of AEC before the annual minerals symposium at Moab of the Uranium Section of the American Institute of Mining, Metallurgical and Petroleum Engineers. "THE TIME to start an exploration effort may be near at band for the producer whose ore reserves will be near exhaustion at the end of 1970 or six years hence Mr. Jones .said. : For the first time in the nuclear industry, he presented a chart depicting the total past, present and future production of U306 in foe United States. 0 mkmju i m i man mans iMsrama uwrow ijo, f alt Mining Salt Lake City, Utah Section C if limit C-1- May 24. 1961 Sunday Morning Vegas Meet 9 Page One "W Special to The Tribune LAS VEGAS, NEV. The proliferation of financial Institutions will add a new dimension to activities of the Utah Bankers Assn, at its 56th an- - nual convention opening here Sunday. FOB ONE tiling, foe new bankers on the Utah scene probably will find themselves an object of business solicitation on the part of some of the older and bigger banks. For another theres bound to be considerable behind-the-scene- s discussion of what to do with some of the thorny legal problems facing the industry partly as a result of branch bank expansion in Weber, Davis, Utah and Cache counties.- - tv resident w wJrbivtum Beaatiful Treasure Mountain Inn, costing one mil- Hob dollars, will be built in downtown Park City by a group of condominium developers of Salt Lake City. The inn will, by appointment, toctato stale- - On Way to Success -- ' - .a 1 I way of U Lacy Gain, at a nuiMt aai reflect history oaky. It has 51 an Its. Last Week in Business Market Feels $1 Million Lodge to Start Bullish But Spirit Weak muni I mkr a In Downtown Park City A 50-un- C New York Times Service NEW YORK, May condominium lodgeiing is provided for 36 cars and readings on the state of million dollars will be parking across the street will be this week were the economy 'maintained 60 costing a 5 park City bya group q developers, it was announced Saturday. CONSTRUCTION for m IN downt- own Park Gty, a rapidly cars, THE UNITS will include 31 suites, 11 studio apartments and eight apartments. All apartments have private balconies, baths, kitchens and living rooms. Special sound engineering will reduce noise factors and provision is made for the elimination of snow and slush problem in winter ski months. m grow- recreational area, will start in July, said the backers. They are D. G (Dewey) Anderson, Melvin H. Jensen, W. Allen Pelton and Keith B. Romney of Treasure Mountain Inn, Inc., all of Salt Lake Gty. ing Oilmen View Removal of Gas Controls I i , ifegs IumV-- ' r :? I! sought. in 1965.' , To date, foe issues appear to be resolved by a plethora of lawsuits in foe business. PRINCIPAL speakers at the meetings will include Charles A. Agemian, executive vice president of the Chase Manhatten Bank, New York, who talks cn Bank Procedures and Practices; Robert 3- - Silleck, vice president of the First National City Bank, also of New York, whose address deals with Bank Marketing," and Ward C. Krebs. senior vice p and chairman of foe loan committee of Wells Fargo Bank, San Francisco. He will talk on bank credit policy. 'i iiiih' SOME preliminaries will have to be agreed upon even if. no resolution comes out of foe convention if legislation is to be PRESIDENT OF the banker group is Robert G. Hemingway, PAST PRODUCTION was once an official secret and future head of the Commercial Secu. estimates proved incorrect as to reserves. rity Bank at Ogden. He is schedMr. Jones demonstrates that in the first, eight years of the uled to be succeeded by Harold J. Steele, Salt Lake City, executive vice president of the First Security Bank of Utah, NJL Between 300 and 400 bankers will be attending the sessions opening Sunday and running through Tuesday. M-t- Metals Classified Ads Pages C--l to 7 more 'bullish than bearish, but they failed to generate any great enthusiasm among investors. ojom SUnnM MJW.WM oaiMoawe u.tvmmo HUUNM Kausue OJtlJOM THE STOCK market, as a result, endured another week of T is.i8o.o tuamm musM-generally restricted price moveLMjaam uamm rrr.nnoAooi r.ummoi hubmom ments and moderate trading activity. The stock market was affected briefly this week by two developments: The agreement between foe Pennsylvania and the New York Central railroads with THbew VTWtiitettee Beeew 17 labor unions on the protecWASHINGTON. May 21 A tion of employe rights hi the 4141355 connect has heea mer- awarded to EanbaB Elevator event their wins and the Ox, Salt Lake Gty, far the Lost ger approval, ia Utah's Morgan continued appetite of investors Creek Da lT11 for stocks of mining companies Cbunty, Sem. Flank E. Moss reported; reporting new ore discoveries. THE SENATOR said k was Evea mining empuin foal had nothing to report shared for aa electrically operated in foe speculative fever. bright elevator ea a mat of the Weber Basin project The railroad pact helped push the railroad component of leading rail stock averages to then-bes- t gains in two years. SJL Firm Wins FIB. JENSEN, a pioneer in condominium ownership in foe ALL UNITS w01 have carpets, area, said the inn would be lo- drapes and built-i- n appliances. on the site of the old Prices range from j 13,500 to cated By Associated Press Driscoll and Buck Gen- 419,500. Prudential Federal SavOilmen Welsh, HOUSTON, May 23 store on Park ings and Loan Assn, win handle Merchandise eral M71 more are optimistic becoming the financing. Main Street MOL TEAR over prospects of Congress re- Gtys Mr. Jensen said that for foe A FULL-TIMmanager and moving federal controls from past year, we have visited con- staff wiU be provided at Treasfoe wellhead prices of natural at several re ure 'Mountain Inn, as at other raw materials procurement program of the American AEC (Le. IMS-195sorts in the West including Lake condominium the bulk of the uranium was purchased from abroad. gas. projects. And resiAMONG THOSE apparently Tahoe, Aspen, Vail and Breck- dents may also have maid servIT WAS NOT UNTIL 1S5G, that there was the dramatic hike more optimistic these days is enridge, Colo. ice. In uranium reserves in this country stimulated by increased inchief spokesman, ALL SUCH the Mr. Jensen explained that industrys been have projects centives offered the prospector and miner by the government Frank N. Ikard, president of successful, and from all appear- purchasers may use their suites agency. foe American Petroleum Insti- ances our project is already on at the Inn in different ways. The drive was on to end U.S. dependency for fissionable tute. to success. the way FIRST, THEY may be bought Heard is a former Texas concommitments have g as Thirty deproperty, who supported gas SIGNIFICANTLY, THESE figures of Mr. Jones will have a gressman been received on the THE DOW JONES nil index lease or rental to oththrough vetoed were bills control that court-typ-e direct bearing on efforts of the domestic uranium industry to develop- ers; second, as a combination multistory, S repeatedly scaled historic highs. achieve an understanding about the utilization of uranium re- by former President Harry ment, he said, insuring that con- resort home and rental unit But there was no D. h and Truman Dwight struction will start in July with and third, as a fining segments of the nuclear business owned by foe federal d in sector. the industrial government home. completion in November. And they will be important, A suite may be owned by a Continued interest in the minLess than two years ago THREE-SECTIOTEE lodge, too, in the issues as to whether Ikard was rather pessimistic entertainment pur- ing stocks failed again to infect "Treasure Mountain companyforfor named the United States will permit about for congresconferences, sales other sectors of foe market poses, prospects frontwfll have a unlimited importations of sional approval of a third bilL Inn, on Main Street and 300 feet meeting or as an incentive (reUTS EASTWOOD DRIY1 uranium materiage MANY WALL STREET techOS tAST XWD SOUTH) ward) for outstanding sales perals when the present stretchTm afraid it may be a long on Park Avenue. The main buiM- - formance, he said. nicians woe pleased that so out dan ends in 1970 and the time before foe needed legisla- - ing wffl rise four stories and sympathetic interest developed domestic industry seeks to ad- tion to modify federal controls foe Main Street The other two throughout the market. over gas producers will have buildings wiU front on Park just itself to free market Most prefer to see speculate any real chance, he said in a Street. interest held under tight reins Tex., speech cm Oct 12, THE MAIN structure off Main at this time. IT WILL BE, without doubt, Dallas, 1962. Street wiU have public services, the contention that the domestic AT MIDWEEK the automouranium mining and milling THIS WEEK, however, Ikard including dining room, lounge, stocks came in for considtive industry was spurred to great told two trade groups 10 years plus private dining and lounge attention. Later the Unitownerable for facilities and recreation reserve development of regulatory frustration have eights in C New York Time Service . ed Automobile Workers let it be ers. in early 1950s, only to be faced changed the situation. WASHINGTON, May known that its chief target in jwith curtailments later in that In speeches at Abilene, Tex., There is provision for three profits in foe U n i t e d this summers contract negotiaclothdecade. and Evansville, Ind., Ikard specialty shops, including States rose to an annual rate The foreign producer already said: ing, ski and sports equipment of 56 billion dollars before tax- tions would be improved work- and probably an had achieved the necessary lead ing conditions and earlier, more i es and 431.100,000,000 "NATURAL are cream ice C-producers gas profitable retirement for work-- 1 1 parlor. CoL See Page taxes in the first quarter of the ers. prepared to present their case to foe legislative bodies of this MR. JENSEN SAID fireplac- year, a government report estination. They are more than pre- es, paneling and a beautiful mated Saturday. curved stairway from the old THE AFTER-TApared they are loaded. With a figure of decade of regulatory experienc- homes on foe northeast corner 431.100.000.- 000 represented es behind them, tbqr can bow of First Avenue and B Street big jump from foe rate talk about not what will happen occupied by late opera star 428.600.000.- 000 in the final El Emma Lacy Gates Bowen would New at but what has happened. quarter of last year. Part of be installed at the inn. foe reason was foe tax cut, W. So. Temple 225 RAT TOWNSEND COURTYARD area between which has been allowed for in A Our eric. aa Naw Hem Is the advance estimates. OPEN HOUSE the buildings will have a iked aactiaa prica m 16 The new corporate profits with pool swimming TODAY Nsv 4 drawer ttaal fila estimate was contained in the by 40 foot dimensions. New ste.1 affix desks ' PJ. Other courtyard appointments regular monthly publication by MOONEY REAL ESTATE INC New secretary cbtrirs Naw axotutlv theirs 26 W. Broadway EM will include barbecue pits and the Council of Economic Advis--3334 127 POOTMIU Ne Holivory-CoMcmCir M lake deck Ri shuffieboard. Underground park-- ers economic indicators. SUck Ixckwte Dam Job Bid long-project- E (D-Uta-h) income-producin- When You Think of Leasing . . . Think of SP follow-throug- year-aroun- ME MEET AT 205-fo- ot Corporate Profit For Quarter at $56 Billion Rate We wi3 lease any deni of Equipment or Furnishing you might need in your Business or Profession. Let SP Leasing Company tailor a lease program that wriS fit your individual needs. WRITE or GIVE US A CAU. DA fnS 2-25- 21 IEASO COMPANY CJ E Ck St, Sal Ukt CUE Utah after 2, MERCHANTS SALVAGE X IhcrcQH SllCD 02 tut )H7 WJiMiiJ nrrrrtETranCri year-aroun- lifo d kli SHOES Amcr. WnUn LWe niw ns cc Anwr. Savings 4 Leea asa IB Inc. 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