Show - '110"4100001110'1110400 ' v 1 ' ' tr ' - Up and Down the Street ''Strangest - Me Signal 6 Sign al Et 1-Irl ' '' ' e ' ' AP-UPI-- ' ' c Section ' - York Times Jones-Ne- w ' ---- ' ' -- ' 8 1060 ' - By Robert W Bernick Tribune Business Editor MOA11:-On- e of the world's strangest uranium mines has een given a reserve allocation by the Atomic Commib it was reported Saturday at the annualEnergy sym-- ' ":' posittm of the Uranium- - Section N's ' e' -American Institute of Mining Metal- as 1 lurgical and Petroleum Engineers 1 Principals in the Orphan Mine 117"5 ' S 1 of the Eastern Gold and Uranium tx ' Corp located on the south rim of Ad- ' yi N iona's Grand Canyon said the alloca- I 4"e s'"-- -' 1 ' tion was approved by the AEC's ‘N s '"'" 4' Grand Junction Operations Office and 4 e '' is pending before AEC officials at 1 Washington Western Gold has esti- mated that it has some 600000 tons Mr Bernick of very high grade ore 1500 feet down On the rim of the canyon in midst of a National Park AEC has verified more than a half million tons of this ore i - ' ' r-- - -- ( s"'' - - N 1A ! I 1 -- But nearly hall of this alleged to run out from the patented claims the company controls onto the park lands: The mine has been a long standing irritation to the Park $ervice because many tourists prefer to look at the uranium property or take a trip down its aerial tram than ride mules along goVernment trails or look at natural phenomena The proprietors including Russell L Richards president ire largely from Utah Mr Richards and his chief geologist Max Kofford are graduates of the University of Utah College of Mines and Mineral Industries - ' ‘ ' ' -' r r't 1' ---- -' 1 ' I I - ' 11 ' ? r 1 000'''''' i '' 0-'- - 4- - By Edward Cowan United Press International - t ' d7 : t - '''7 - t'' - o''' --- - " 44--- 4!4 i ! ' iio'2- ' ' 1 ''1'": i "' ''' 4 ' -- '4: : 0 I' : ' 4 ' 4 '" tv ::: 'tmA k'' ' '' '''-- '1' ' ''i r4 - "vii - t- -- ) '' i :'s- - "' ' '''t : l' - But lots 'of lenders still shy away from that 5 cent maximum FHA Interest rate '') ( 4e 4 "' ' ::''s ''t - I's' ir'-- : 1 - - Charles Markman checks slag- - from Kennecott's Garfield smelter before-starting processing at Utah Sand and Gravel's blasting sand facility - - o I Taste Becomes Aid' --- In this rotary dryer slag is further processed at firm's Salt Lake plant on Beck Street - - itw tr?! Siind-Blastin-g 4e4:: !" - OW: -- - — Action- 101 t!:--- - --- - --- r1 - A few months ago- the ' mortgage money supply was Is now- -- eventighter than 0' ::‘i 1 FHA Commissioner Julian: H:- - Zimmerman - sai& was reason enough to hold off putting Into effect a reduction in FHA doim payments authorized by Congress in the summer of 1959 - asphalt-treate- 1 :i: nickel-coba- : 1 The aerial tramway has been replaced operationwise by a modern sic21lined 1890 foot 214 compartment shaft sunk by Centennial Development Co Eureka Juab County mine 4' contractors also had a market potential It possessed very sharp edges which made it useful if properly sized as a basic material in kandblasting and reIt proved lated processes more durable than sand in the blasting operation and can be reused up to four times bucket elevator to the top of the plant for the screening process lir 011 z VHS IS COMPRISED of two decks of vibrating screens —one with two screens and the other with three all with varying mesh sizes Here the material is sorted into many individual sizes or mixed back in 7 measured proportions From these compartments the materials are fed to a modern high - speed mechanical sacker which weighs and sacks into 50- - or bags PRODUCTS from this specialty plant have been shipped to markets as far away as western Canada Mexico the Pacific - Coast - and - Pennsylvania The plant also is used to process crush and screen pure silica from the Beck Street property for use in blast furnace linings ard brick manufacturing among other things PRACTICE OF HAULING OUT WASTE as required by 11 miles from the mine has largely been discontinued UTAII SAND AND GRAVEL Mr Kofford says the waste is now mixed with the high set up a small pilot plant at its grade to eliminate the cost main office and plant at North Salt Lake to process the ma' Locatioirow4Gopicer Ore Zone' terial It consited of a rotary The Orphan was located by the late Daniel Hogan a dryer refined screening equipment conveyors elevators and IRough Rider"tat San Juan Hill with Theodore Roosevelt There's a good deal of evidence that Hogan who bins made his location on what he thought was capper ore Beginning operation in 1953 zone 400 feet up from the bottom of the canyon was protected the sand and gravel firm soon In his claims by his old commander when Roosevelt estab- found that the mew venture Two years lished the National Park was justified Elsewhere at final sessions of the symposium attended ago it became apparent that by more than 400 miners from western United States and the maui plant was inadequate Canada Clair M Senior Salt Lake City attorney at law told to meet demands and it was the group owners of mining claims may in some cases have enlarged to its present size precedence over oil and gas leases IN ADDIIION to the sand blasting product it also produces traction sand for motor Ample Beryllium Deposits Exist Dr Norman Williams professor of geology at the University of Utah and vice president of Beryllium Resources Inc said the world had ample beryllium supplies for the rext five to 10 years if present use is not expanded He said beryllium deposits of large size must exist and that the metars use could be rapidly expanded into many During the session the averBy John G Forrest fields He said beryllium was the strongest metal in existence touched the lowest point age New York Times Writer In relation to its weight and that ample supplies in airplane since Dec 15 1958 NEW YORK May 7—The eonstruction would reduce the weight by 50 per cent Tuesday—The market added huffed and about four billion dollars to stock market JOHN V CURRIE MANAGER of the Grandview Wash puffed this week and finally the paper value of listed stocks lead-zindeposit of American Zinc Lead and Smelting Co managed to produce a modest on the big board The average told how his firm was employing a high degree of mechanitati- net gain for the five days of rose 561 points on--even TV to lower cost This property turns in a trading The trading went Wednesday—a good deal profit for American Zinc in modest proportions of course something like this by days: of the steam went out of even though its total value of the two metals only run about MONDAY—An average of 50 the rally 15 per cent But stock prices advanced stocks dropped 2 E7 points Those present at the symposium applauded the high techthe at nical levels of papers presented mining and milling forums R W Unger assistant superintendent of the UraFavorable Action' nium Reduction Co mill Moab succeeded Phillip Lindstrom 'Early Utah superintendent for Hecla Mining Co as chairman of c AIME's uranium section Opth-nisti-- the Park Service 120-poun- d - t :' - - i t 41 1' ' l ''''2:- i: '' : " - :'' lt: - :::- ''::::! -- : ' '" !! " ' :À1 '4'1' -- : i '- - -4 ' ''''''''' j ' 4 ' ' ji 1 ft - The new formula for --- ti 9 S13500 of value 10 per cent of the next 11500 30 per cent of everything above IS I :' '' ! ' t t c : GRIT:: SANG BLASTING I' the formula to the prices in the chart you will see there is some difference between your result and the listed down payment That's because FHA drops the computed payment to the next lower multiple of $59 on mortgages below $13000 and to the next lower multiple of WO on mortgages above4$15000 APPLYLNG Mr Markman packages the finished blasting sand with highpackages speed mechanical sacker into 100- - and d ' Get the VERY HAMMOND Organ TWHYYou Can The only By IT ORGAN -- d1PAINwoot-- ''' (lt-Col- these'' payments on the first 500 tons a quarter regardless of the size of the mine There are only 35 mines in the US producing over 5000 tons of lead and zinc annually but they account of our for nearly lead and zint production - WMhigi — — MODELS ORGAN FREE to Chooss From CONCERT-M- SeeDettilyon's listings first ' 6° 4t''114( 17th AY 't 1 0 ---- HAMMON6 Organ I Siudio-s-o- f AVIIIM 3244 South State i (4 ' S650 044 $800 S700 $1100 $800 7 $22000 - r $600 WOO S20000 - - PAYMENT ' 't4111:14 --- - 1 $900 elmolimm $2000 SI500 $2600 $2100 The home buyer may be shelling out less money down on his new home Here are a few examples of payments URANIUM GAS & OIL QUOTES May Trigs Empire Id Entrada Federal Igoe 41 There has been little rejoicing in recent weeks in fact among the ranks of economic pulse-taker- s They had looked for a bomb at the start of the year—and they are still Congress Delta Oil DIAL ZIL 94114 081 004 0114 03 08 01 18 - 064 09 001a 15 30 0294 G 130 80 Int-O- il Jolly Jack JustheimP Kiabab King Oil Knapp 11 Mt Peal 0134 Mmg Gag Nev Tah 20 1 02 Vs 12 14 02 03 19 21 00 06 00 18 004 03 01 08 0034 I 01 I 02 40 9034 I Reports on Federal Radorock Suntide 002 00 Nis Univ 200 225 rInc 03 oe 20 03 16 T1wsus1 01 020a 03 Ve 09 02 21 08 120 02 04 Or JO 200 75 Gid Cid Approx' Bid Asked Gm River Ablo Am Mng Anticline Bankers Big Indian Bapco Beaver 24 Big Horn Big piney Caribou 175 024 02 03 34 Placa 29 Kitchen' 01Ve 130 125 140 14 16 :grit 03 05 01 15 00 20 28 AO 24 INC- - ' 150 00 Wit Cm" Wh CY111 :8? 04 06 250 10 Ulm Self lake City 20 ma 120 125 00 Dileve Vint Utah 1300 BROKERAGE CO CROMER ' Suit 45 Radorock Rest Vent Stand Ur Sig Metals Suacipwn Sun Tide Ran Rex Textile - AL - - Utah - ememasame - JiL) : ' ED Vt1 0I (MAU 4g' i L riltD t tit ‘fle-4'-'4A I -- I tki4 t z - ditrill frip11‘ 1 w-- i - ( 1k vtf f 4 5 I if 441- - - 1-- - 01) 111 g t itl Ar4 Its '''''7711t v b alai : ow049114 -- 1''"7 : I ':11- tr o!:'' se41 'o st 333 SECOND EASY a - ralukuroptsCIMINIEPIALSAO' I- I t - : '7" -- SERIES 2U 11000 10 18000 CICONITIMACITOP CM' UTAH DAis 21001 - i 5 CCU - - ILA) ExteRfOLLIActilti - ILAKI 0aok4 2:----: pppp--pp--- ROW -- ' e - i61:165411001 I SALT LAKE CITY 15 UTAH 330 WEST 21sT SOUTH rtY-HU co-- --- 7 --- - :- 74811 i t 7: - ' :L Ft '000P111 :- - 6-87- rb '''' private $25 pot iu illiolizi) ondtb1 ALL 20o000 r0IMe fli 0'2 i'pt4'1i 911 S III nert rrt It giottv v ru) 1 i 1 Ste-I- N 0 1: - Arty plus Own's I RENT - - tat-A-- or 4 lesson& Salt Lake City RAT 1 oft ' IN TODAY'S CLASSIFIED SECTION 10000400 Promo4m GooMml Cowor frItom tiollywoomg Mime or write for Dotollo "0010Eno11 PAYMENT $18000 These stocks as a rule had at least one foot In the electronics Industry's- door 1 the ONLY organ that can never get out of time the ONLY organ with thousands of beautiful tone colors through - the magic of "tone bars FREE HOME TRIAL for Phone or Write 7 PRICE $17000 - NEW DOWN 415( -t--- THE MAHN who con- determined is whether we will ducted hearings of the Senate authorize payments to all Minerals Materials and Fuels Imines or limit them to the subcommittee on the bill this smaller ones" said Sen Moss !weeks said "I believe we will "The Kerr bill provides for in soon report a bill favorably centive payments to only those to the Senate and that it will which produce less than 5000 have an excellent chance of tons of lead and zinc a year The Allott bill would make passage" :- t Lead-Zin- c OLD DOWN I $16000 of 422 for a combined average This managed to reduce the year's loss slightly to 5423 points It is a month since the market has managed to eke out a gain for a full week's trading HOWEVER there was little rejoicing in Wall Street this week over this development because trading was light when the market was rising as well as falling There was no discernable strong investor interest either way although there were striking gains in a random harvest of special issues — --- orliz QUESTION still to be i important features He said they were consider ing two bills one by Sen Robert Kerr (130kla) and the other by Sen Gordon Al lott Both provide for incentive payments when the market prices of lead or zinc fall below specified minimums the senator said "-1 that offers' you Frank Hewlett Tribune Washington Bureau WASHINGTON May 7 — Early and favorable Senate action on what he described as "vital small mines lead zinc legislation" was predicted Saturday by Sen Frank E Moss - — - on Bill for 3loss Settle for Second Best — modestly in nervous trading The average was up 135 points Thursday — Stocks declined giving up most of the preceding day's gains The average closed off 092 point Friday after dull trading stocks ended almost at a standoff The average edged up 075 point THE RESULT of the week's ups and downs Was a net gain ' THE electro ALTHOUGH magnetic transmission w a s originally conceived by Jacob Radinow of the United States Bureau of Standards it has been largely ignored by Amer Lean car makers until recently It might have gone on irr obscurity except for the feet that the Britis h company Smiths Mot or Accessories Ltd developed it and put it into production for the Hilt man Minx which is now be this country' ing imported-intNOW EATON Manufactur Ing Co which patented Radi nOW'S idea after developing it has convinced some American auto makers they should lookinto the possibilities of the electromagnetic transmission HOUSE $15000 Stock Market Huffs 'n' Puffs Gains But Slightly c com- puting the cash payment is this: three per cent of the 000 - ' I - the new down payment is $500 less than the old one ' ' ii -4 i t reporting At all prices above $18000 - 1k" It(N‘ : T A 'PIODUCTS ' CO2P - ' ' - --- iYgt 4 ii ty'--- - ' U - - - By Jack Vandenberg Press International-' DETROIT May I tUPD — ' US 'motorists - may get the benefits–of an-- American in ventor's genius in the next few years- because- - a - British— car manufacturer has made a success of it increased and was - likely to fatten still' rnore In- the next few&months eh - The accompanying shows some typical house prices and the old and new FHA minimum down pay ments 7 t ) ' f -- -- 1 ' Via Britain the supply of FHA loans had i- 'g f ' "' ' - c ' t :4" ' '' - A WEEK AGO ' ' - it'll- y "' t 7 :' V4:: 2 ':' ( ''-? ' ' ' "'r--47----- 44 7 ttVAri- - " ' 'f ISto-- i ' " :: r s: - ' tk' i 1'1 ' ‘''- i 7 4' i 1 4 :" ' ' - IttAP' '1 i i V iN 4 011P4'1111 ' '' i t '''' t4 ' - - - IA ' 30-fe- "No other property I've ever heard of has This mineral assemblage" Mr Kofford told the miners ' ': ' "A ' 1-- '' '" '''''' '' ' : ' - 1- " lt s' :: ''' - ! i r - ' :' d s ' : high-grad- e per Yank Device Success 7 That --- Utah Sand and Gravel Prod- vehicles on icy roads materials Mr Kofford a native of Helper says the mine is about the only one in the 'world whose uranium values were de- ucts Corp at its 1730 Beck St for water supply filters fine sand for fertilizers granules ti operation is producing a posited by this type of volcanic explosion eons ago " k I roofs and blasting sand from fine for Small amounts of the ore found in the mine run 40 to ' 50 per cent pure pitchblende but at least nine different forms waste materials gathered at many other speciality applicafc: the Garfield - slag- - dump of of uranium minerals have been identified Thi- raw material for the Kennecott Copper Corp Ic THERE ALSO ARE THREE MINERALS of antimony plant a oneman operation is three of arsenic eightofropper—including a stope running SEVERAL YEARS ago the fed into a bucket elevator and then transferred to a rotary about 50000 tons of 2 per cent copper—three of molybdenum firm which for a number has been slag processing 48 in diameter inches of two dryer manganese three zinc one silver three long From and evidences of silver2gold Selnium cadmium tin tantalum for railroad ballast found that and about at the waste fine the dump the dryer it is raised by and columbium - it ''' : :r ::'::-::''::::--- - Despite the attraction of having their risk underwritten to put their funds into by Uncle Sam they are tempted a higher return pay conventional home loans which 'THE HOME buyer who does get a lender willing to make minimum an FHA loan may find- he -wants more than the down payment That's one sign that money is tight enough for lenders of the country such is the to be choosey—and in most parts situation - : 4— czt- 74''‘'Pt:4-' : Hous- A rising ing Administration than it was a few months ago volume of applications for FHA backing testifies to that 0 1 me" 444-- - er It's easier to get mortgages insured by the Federal 4 4 ': - - standards 3 : ' - 1 7: 'i ' ' : must find a THE CATCHES ABE MESE: and to take loan FHA an him to will who lender give agree the smallest down payment allowed under new reduced FHA The-buy- 44' — " WASIIINGTON May 7 (UPI)—The home buyer who manages to surmount a couple of if's can purchase a brand new $15000 house for as little as $600 down i e'' ' I ''T ll N Iv ow C give the ParkService the surface of the clahns in exchange for some of the ore going to Western Gold But 'AEC feels that if this bill is passed it will of legal necessity own the ore as a government agency and not the mining cornpany which has developed the property against almost relentless opposition starting at a date the country was-- cuing for uranium ore in the interest of national defense f - Urinilu—mmilllt-O- 1 i tp 1 4 ' t f t '' THEY FEEL THAT ORE RESERVE will be resolved in on the deposit Mealnwhile Sen Barry Goldwater has introduced 77 -- - :4tk--- their favor ultimately as they have apex rights legislation-t- nx k 1 '' ti t under : ' N - 4 ' '' rage One :t1:14 :Icé: T )'New ':HOi: ' - "4 t L r - q- Reserves Run Out Onto Park :Lands I I 4 7 J t11'4:1 t 4'173::: $ '‘ - t ' k:-- t A a ''''' (:4 tj — ‘ ' Watch Catchès I 1 ' - J ' - - ' - -- " I- - ' s i ' k4 Piet'ei' 5718 - - Salt Lake City Utah — Sunday Morning — May i Classified Ads ZiluntrDuint" $$ Dow ' - - iIt fake 311nes-Mark- ets ' ' - ' Farmino - ' - )i a ) I' t 1A111b - - ' ' ' N |