| Show f t ! i i I Thf Salt Take Tribune Snndar Mat D 15 10YY UP AND DOWN THE STREET — Oil Reserve Sels Record Despite More Dry Holes ff Marysvale Places Hope In Aliinilc Pile Value I 4 i 22 By Robin Hv Bcrnuk t 5 sn nniiMi vs " Down at larysale I tah they re la mK the glounduoik for fne of the biggest aiRumcntx to develop m western chemistry for some time It concerns the exploitation of the 35 to § 40 million tons of alunite an alumina material containing ccitain aniounts of potash and trace minerals for use as a commercial fertilizer Naturally the good citizens of Piute County hope that this mountain of rock which has been subject of various pioiccts since before World War 1 will come into its own (Right now the bloom on the Van s ale uranium rose is not so 'blight for a vanetv of reasons) The inteicxt in alunite “mining reduction and processing has caught the attention of the people Two eompamos— Calunite Corp los AnCalif and Alunite geles Coip Salt Iake City— already are on the market with their fertilizer pioduct t I I t f ‘ i potash eontatnlng can produce NEW YORK May J24 Ini M Il4g Ink wo lefense program Shocks were Jolted on Monday and closed sharply lower Selected aircraft chemical otor railroad and steel issues Iroppcd one to five points There was a further easing of prices on Tuesday in quieter trading but losses wera reduced before the close The market was definitely firmer on Wednesday and as re0ble g Ilv4 D C3 CORPORATION Dtp) E) K Chicago 6 lllinaii D W 7 Ij-fp- ) URANIUM COMPANY Offering 25000000 Shares Radio-Electro- Crooks Gap area of properties: 125 mining claims located Fremont County and Sweetwater County Wyoming h Offering Price — Per Valve " ! I I Li Pir Share 524 Beason Building I Ploooo Jn City 0n4 THE SHORT position Jn the market announced after the close of trading on Wednesday was down'to 2804919 shares as of May 13 This was the lowest short interest figures since March 15 and represented a decline of 114668 shares from mid-Apri- l -- n Ph 22-58- IV 51 TWX:SU - 66 mb offering circular on Wind Rhror Uranium TO STOCKHOLDERS Tko offooro 4 4octro of Wottoni Mofluekao Mill In oro fo o—o— to fo (fi— nkkflfwi itio oaiiti— ot Iftroo bifkly 4irobla If h rfio Mr— ft— of tho m— 0—4 c— Ir—i hr millo on4 ammo U— ooootant fo procoo4 immodiotoly with Ounmg oporofi— on4 orooting ffio mill UNITED UTAH (URANIUM BROKERAGE CO " H VW- in - Co MUD CONTININT MINIS INC fl— t ot forr— Utah mining —4 orootian of mill tarta4 URANIUM COMPANY 6ooor milt forf4 lf of baory morkinory —1—44 fokpiing oro Milfor4 mill loyonf on4 prol— inory work mining o4v— 4 bop to hip oro bfaro JO 4oy S— Rofool mill prlimmry work — 4r troy compioto Mml iOro frilling oh R and State I J 4rwmg lob work pie-wa- Finance ihorf 8i ZJVh I Somorhol&or ProilAont Salt toko City Utol - efl lllng port wot fikdy rok-- r to-- trt i Id 161 pub- Hcolion during fbo I ') wlk P0' Tb J nil li lubjcrt of Tk iladint (hain -‘“ Tradas Vn lltrkim Wmlttr If lalrl liilhl Sh- MARKET H' A Mf’f 11 ll1 11 tw Mik 21 lhi fnllovMnj tAht gtr MnmaIhii irauil Irk niAioi iha a of tniAiHfs and (mnuf Id (hr Uirtt Ivnk nm with i f?k and a ago paiton triih th pirtrriini V Wk k Tin Vrii Vgo I I xi r piod ( "v of i H7 J 71 R 7M I'l 74d 0 W7 M Mm HU 144 UV 'M firighl I'lllll iZrt l"7 740 Auln pi on "imim IVIOZl M two oiki Noll oal pind (tonal HlUilKiD 7 HtiooO a mu mio it vni nxn i ndr oil pi od (lihla ) g ij7 471 7nv noil award! 4Vi74flOon 10447 non Soglnrilni cv 4 V "7 of P7 IM II !’apr prod lapl 7 o t7 o Tapr boaid prod ( v of tap) nj1 o XI oik II 111 10 1104171(0 fain ingii'l'ijn 7 ni‘j i Bond aala ipai ialu IIhuiin") tzoaiiiks) Boa falluirs (luimlirl 217 24R III I III 1 Wholctal pi lira (HIN Imlen) 110 4 ii vnfl mm nun 9 97 Owi non s Vito ooo ono kli powrr prod (kwh) 21 7iirt Sin nun 1 ii iU ism non Bank ilailnia 499 9VI lino 11 nun mm non 19 3 14 Pod ooo 14 Hi non ooo Otmand drpnaitt Biiatnraa Inana $33 721 000000 22 907 000 000 23 04 0(10 OOO Kxrai 9no poo non 7i4 ooo ooo 731 noo mm 21 971 non ooo 2 V ini mm non 0ooooo treasury gold almk ?l72 3 nan ooo mm i won non ooo i 994 mm non Brokn a loana 2o 977 mm mm 20910 ooo omi Mnny In i 20 790 mm noo f A dtoltr'l nc t l It h txiif- ' prlfwof'l "wik monoy f°r bll llorkom wll oi Mr Vow moke If for co only rtoion lot nomic 0 I raiva tlinf ei hi firm end nof firm hi for hi (linli won't b Ground for long But if bo plocti hi cut- -' tomori’ inforoif obooo bit Own bo' conducting on bonott oporo- tion® I Metals Termed Vital Factor In US Standard of Livin' C7 nt Th in which to live Observer We cannot These days when our metal deptecate what has been done mines appear to be of contpara-- j by 1p ‘ hon'cal ndutry and but without ricultuie our lively minor Importance in roon()my they would litiral circles it is refreshing to still In the aboriginal state complete appreciation of'als conti ibute' so much to the the importance of metals to our manufacture and distribution of thaJ no 0ne standard of living Such an ap- - fonhUmei lean contradict the dogmatic precision was contained In statement ‘Wc should and must more metals'" ir cent address by John I) By tint you t plocvbuy ordtr oik your broker whlcb lido bo bn— long or thort I "I Sofocfvo f WboN Too Ivy I Met-not- e j Stock Brokers 401 Iooion fuldlng-rW- of Salt loko City Utah TWX-SIM- e livan of Battelle Memorial In- - stitute HIS OUTLINE of per capita consumption of goods in the United States showed that the intake of food or clothing changes but little in quantity but that metal consumption shows a marked and steady increase "Thus” he said "it is apparent that we have two standards of living not one" Explaining Sullivan pointed out that tlie first may be termed a basic standard and is measured by the consumption of such Items as food and clothing And that we have superimposed on it a second standard to which we owe the fact that we enjoy the highest standard of living of any country in the world "It is by this second standard that a chain reaction is set up and the urge for more and more grows” This second standard we owe in a large measure to metallic ind mineral products After listing the myriad of things we owe to the metals Sullivan concluded: "WE HAVE BUILT a standard of living that makes us the envy of the world We want not only to maintain this standard but to improve it We want to make the world a better place KNOW YOUR QDBAcma MARKET! Will WE BE PLEASED PEIOnO TO PLACE YOU ON OUR and HAILEYS LID? FOR LATEST INFORMATION ON THE URANIUM MARKET AND SUPPLY YOU WITH DATE REPORTS ON ALL URANIUM SECURITIES FAST-MOVIN- T O UP-T- O- FREE SERVICE IN OR PHONE US FOR THE SECURITIES YOU WANT TO SELL OR BUY AND TAKE ADVANTAGE OF OUR MARKET QUOTATIONS COME MOAB OFFICE ARE ABLE TO GIVE OUR CUSTOMERS BETTER SERVICE AND COMPLETE INFORMATION CONCERNING PROP- ERTIES AND MINING OPERATIONS I PHONS OR WRITE GUSS SECUfllTIES CO STOCKBROKERS—UNDERWRITERS 165 EAST BROADWAY Phono 33 MOAB SALT LAKE CITY Tolotypo 33-36- OFFICE-ARCH- ES BLDG UTAH SU-1- MOAB UTAH PHONl AIPIN1 ALGO URANIUM CORP ' i As negotiations proceed with a large mining company listed on the Stock Exchange for merger it is deemed advisable to urge stockholders ' to properly transfer their present Alco Uranium Corporation stock in order to derive all benefits due them when this contemplated merger ’ Notice of voting stockholders meeting will be published at an early date together with our latest Progress Report to Stockholders ? t -- ’ Notice to Stockholders is completed ’ THROUGH OUR BRANCH OFFICE IN MOAB UTAH WE - REPORT IRA also estimates drilling costs have increased sharply r since days Wages and salaries are estimated to have increased 160" per cent steel goods 70 per cent' York Times — INYiv This - in v trading progressed toward the final hour the market became more active and prices showed the best upturn since April 26 There w as further Improvement on Thursday as aircraft shares soared The turnabout in the trend set In after the decline In recent weeks had erased about half the gain scored in April After failing to top April’s high of 294 08 in the New York Times combined average of 50 stocks Prod net ion Up WASHINGTON — Manufac- by half a point the market lost Fn returers shipped more television 8 37 pointson May before Wednesday sets to dealers in March thaq bounding in either February or March President Dwight D Elsen1954 according to hower with State Secretary M a nufac John Foster Dulles told the turers ssn nation Tuesday night ot the favorable change in the world Lumber Orilrm Down picture PORTLAND ORE -- Fir lum-be- r The President summarized orders dropped 13 per cent the talk by saying "in a word from the previous week for we will stay strong and we'll the week ended May 14 and stay vigilant but we’re not gowere down 3 per cent from the ing to extinguish the hope that Same period last year accord- a new dawn may be coming Lumber- even if the sun rises very ing to West Coast ‘ men's Assn slowly” Common Stock Underwriters Salt lake City Utah more continued uncertainties the Far Fastern situation A contributing factor was the government's declaration that it had no intention of curtailing the Ii nolthor on effor to buy nor o Mlleltotlon to loll' the oteck OoicrlboO boMw ouch ottorlno l mo4o only by moon of tho eftorlna circular Thli u 111 W In In distributor solesman with on activ folradio or allied lines contact us immediately We have a select opening with tremendous future full particulars stating backlevel Write ot factory prospects covered and ground territory IWIII cau- THE RALLY’ strangely was led by aircrafts and other obvious "war babies" It erased losses sustained in the first two sessions of the week and put the market higher for the first time in three weeks Strength in the armament issues was attributed largely to h RADIO I n) 21- -A ing to the lowest levels than a month minwhether producers or pipelines countries are abandoning imum export prices to let the market seek its owdjevel brought active liquidation into ATTENTION Santos futures Losses extended to more than a cent a pound APPLIANCE DISTRIBUTOR SALESMEN TRAV-LE- R AD— UP-I- NS — tiously optimistic report on foreign affairs set the stage for a midweek recovery In the stock market Earlier prices had sagged in continued slow trad- coffee-producin- g Oil Seoui'Hleo' the fertilizer trade Plant has been shut down awhile By John (I Foi l ext New York Tlniro Writer ” & for Spur Marl To Recovery CIIELL DALTON WHO REPORTS he has "mined man and boy” for 44 years in the Marysvale district allows the Armour claims are w’orth three million dollars (His not so charitable " result of an “escalation” neighbors allege the figure should he $300000) jas Chcll is In the lunle bum- - her hope to wind up theircluw MfMdl the ness himself having made a work this week on a pending market prjce deal on his near Marysvale w ith bljj jq exempt gas producers WE PAY CASH! Rtxky Mountain Coffee Ix6fe from federal rate regulation Somebody on some day is go-- i NEW YORK— Cables indicatONE LAST problem to be ing to find a mint of money in several ing of using alunite caution local hashed out is 'the question "Uranium ore tons dailv ‘Peace1 Talks mill Back in World WTar I Armour produced potash gouth of Marysvale In that old mill which seems literally to be falling down around his head LaVon Madsen and his son dry and bag tailoperation ings from the Mr Madsen figuits he has about nine more years work-be- fore he runs out of tailings The residual goes to copper refineries throughout the world for use as a wash material Brokorago Company 240 Dow-Jonos- at a money-makin- i Mines Markcls business News g Uranium i s These Fuller claims are adjarent to the holdings of Armour & Co which controls about 15 claims of very high grade potash-bearinmaterials top-notc- ' c "THE COMPANY IIAS CONTRACTED for mixing in a number of plants in the West and Midwest but these companies also are engaged in other contract work” explains Bertelscn Mr Lovcjoy says that his "Vitalizer" is mixed at a Midvale Utah plant But the firm plans erection of a calcining and milling facility at Marysvale later this year Blending with nitrates and phosphates will continue to be carried out here at a second plant located on a Denver & Rio Grande right-o- f way Mr Love-jo- y reports Alunite’s main production comes from the William L Fuller claims about eight miles south and east 12000 feet in the mountains Rocky Mountain Mining & Development has blocked out 150000 tons of alunite ore you art a lowing in TV U t i MEANWHILE CALUNITE CORP has completed a $175 000 grinding and milling facility at Marysvale capable of turning out 240 tons daily of alunite ore ’ Production is from the White Horse Mine 4li miles northeast f Marysvale which Horace Bcrtclson Calunite foreman says runs 06 per cent alunite Some 10000 tons of this material has been stockpiled at the reduction center But the Calunite plant when this writer visited Marysvale last week was shut down If sfi e i trace elements Mr Kraus tells a representative of The Tribune that for reliability the alunite mixed with nitrate and phosphate is "without par United Utah it his it 1 The answer of the alunite producers is simply that competition is the life blood of trade and these diatribes are to be expected Anyway they aver it s not alkaline but acid (These discussions will grow in heat so far as this column can learn ) The "aluniters" of course sell "NKP" plu the "important” Matting Our Specifications -- ml productive lie 21 - 1’ "It would be OK on the Midwest acid soils Rut too costly to ship" The Tribune is told For Blocked Uranium Oro Mi I HIGH GRADE ROCK CONTMNS 40 per cent alunite and the alunite runs about 12 per gent potassium (potash) value making the mass of rock about 6 pci cent potash The competing processor mix phosphate and ammonium sulphate materials with crushed and ‘fined’ alunite— sell the product as either " italizer" or as Calunite " Of Couise some of the ‘NKP’ producers initiates potash phosphates) as Lovcjoy calls them look on this entire venture $1080000 1932-195- dr i The COMMITEE estimates Art the ml operator is hav to dull deeper and more maximum production in July often to ikI is much ml as was could have averaged 9096000 bait els daily an Increase of dist n ei ed In U 17 '137 0(10 in 18 months t OS si u t lopniPti e of lueiuatimis in demand the lndi pi ml' e! l’i li oh nin changes and the rise o nii’i ii a has h it ion of m fall of the i ate of imports' leased thes ( ompu of fmngn oil affect the nation’s Opei alms last vear had to icsrrve capacity from month di ill lti w ('Us to I md a million t0 month An 1PAA productive hail els of pi nved icscivos Onlv committee has estimated the eight wells did the mb m l'MJ 1954 daily average of 1918000 Oilmt had to di ill 63 ft for bauds The petroleum council group rai h 1000 hands added to ompaied lo only 25 leet credits technological developments with permitting producin 1937 tive (Capacity to Jncrease at Only 15 barrels of reserves mote rapid rate than oil comwere found for rath loot drilled In 1951 compared to pletions 31 for the 1937 1911 period Pressure maintenance water flooding and gaa injecAveiage depth of all wells and formation fracturtions dulled in 1952 1054 was 32 pei were among the teching tent gioater than in the five niques credited with stimulatvrais pi mr to the war ing the rate of production In some older fields Larry Kraus a former Calunite representative la a third competitor now engaged in opening a property It was the United States government apparently which gave a push fo the development A report by the United States lVpaitment of Agriculture —says Alunite President Owen Lnveiov of Salt Lake City— Mates that the material contains nearly 100 trace elements "Anyone of them is beneficial to plant grpwth "says Mr seers W i 1 as a form of economic suicide The Salt Lake Tribune has been informed in brief but blunt terms by a representative of a major fertilizer producer that the alunite is alkaline in base and completely unsuited to western soils— farms law ns or nurseries ? ess m Lovejoy 1 apit lev f 7? i iPn lied inord dt pile mhi e di v hides A me i n m lYtioWuim Institute last wetk rrpuited a rcseive rap inly exi ceding two million bai rels dailv tw Ice that of 1941 i ’ r ’ 1937-194- lldl Tiihunc Buxines Editor i I Dlv holes 'in aver aged 37 per cent compared to 22 per cent for A National Petroleum Council committee estimates excess pi (Mlurt iv c capacity for crude-annntmal gas liquids totaled 2212 000 ban els daily last July' This represents an Increase of 1257000 barrels In 18 months Ski llmi R M i tied mu ALCO URANIUM CORP |
