Show i ifram 'Tj 9 — ' I Up and Down tlie Street - ' ' Salt Lake Tribune The ' US Smelting' Lists Changes in Executives Executive level changes resulting from the Tesignatlon of A' (J Kirkland - as manager of Western Mines were announced Tuesday by Oscar A Glaeser vice president and general manager of western operations for United States Smelting Refining & Mining Co The firm is the largest under- Mr Boyd is a graduate of Pennsylvania” state College In mining engineering - He started with the company In 1936 as a mucker He has been successively engineer' assistant ventilation engineer mine foreman assistant superintendent superintendent of Lark Section and ground producer In 1952 was appointed general in Utah superintendent of UJS and Lark " Mr Glaeser announced that Mine Benton Boyd general superinMr Dubois Is a graduate of tendent of US and Lark Mine State College In Washington beIn the district and startengineering mining comes manager of US and Lark ed his career with U8 at Mine Gilmore Ida In 1928 He was transferred to Utah operaMax M DuBois assistant to Mr Kirkland was named astions in 1932 sistant to Mr Glaeser as Robert Bernlck W Business Editor j Important segments of the western copper mining industry plan an immediate appeal" to the US Tariff Commission for relief from Imports of foreign metal Into America it was re Torted Tuesday The American copper producers seek an end o suspension of the two cint import tax on orelgn copper making the tax applicable at 27 'ents a pound rather than at 24 cents under I erms of the suspension legislation approved by Congress At 24 cents a pound many major operations vould be closed down in the West according to observers The Tariff Commission action is In response By 'Associated Press NEW YORK Sept 3 — Caunamed of the US and Lark Mine In tion prevailed Tuesday as the 1952 he was named to post of stock market managed a slight assistant to the manager of rise on the lightest turnover in more than two weeks western mines Oils were the leaders In a late Mr Kirkland Is a native of Toronto Canada and a gradu- improvement which pushed the ate of Queens University Kings- list to the upside after a mainly session ton Ontario After service with irregular Wall Street was deeply conHard scious of having passed the LaHollinger Gold ‘Mines Rock Gold Mines arid six years bor Day milestone a traditional ' turning point for business and-thas manager of - the market What trend each Mines Ltd controlled by US would take was the question It Smelting he was transferred to was a case of watchful waiting Utah in 1947 as assistant to F Volume dwindled to 145MV’ S Mulock then manager of 000 shares compared with “He has served successively western mines for the firm Mr 600000 on Friday and was far t j Mr Kirkland has resigned to assayer assistant mine forebelow the year’s sversge of ’ take a post with an unnamed man mine foreman and as- Mulock is now president of US shout 2100000 sistant superintendent In 1943 Smelting at Boston Mass company associates said Dow-Jone- ‘Not Time for t Standard NEW YORK & Sept 3 1 M DuBols Promoted In ' changes firm mine-smelte- r the western states and 1957 - 1956 in looking Some of —Net proceeds for mines in Nevada for example -- Boeing A BorgWa BckyPL BcyErie Blgtnlnd Burrgha ButteCp CalPckg Clmt&H 15 announces that In the last 90 days some 2000 men have been forced onto relief rolls because of the "flood of cheaply produced foreign lead and zinc” which has resulted in closure of lead and zinc mines in the "Treasure ssodation-of-Montana State” 191 It 1 CMSP&rP 91 121 ChAeNW CAcNWp 3 ChRIAcP 9 JITFnCp CitlesSrv v 17 Index Total American (lock aalea Tuesday ComCrdt 'omSolv omwEd “!onsCop onsEd 3ontainr ontBak 2ontCpf lontMtr -- GenFds GenMtrs GenRefc GenT&R GaPac Glidden PhiUpaP 104 GracWR 70 89 50 35 5 5 5 44 iJravsnR StNIrO StNorRy JtWSuT sreyhnd IrumA 5ulfOil lercPdr 1 2 V e M 21 HI 102 H 154 2274 V 1324 2V 39 144 20 22 V f 13V4 35 5B Vm 29 74V4 37 68 4744 20 ieydnN liltonH ioffEl loliandf lomestk 4onoJO 37 25 IsICrCl JohnsM V 31 42 13 33V 317 34 864 94 38 Va 324 43 42 1 M JJ ft V 1 Mi - - V 1 3644 164 324 21 V 754 ©04 31 23 NYAlrB 13 1 186 34 34 j StdBran StdOCal SldOInd StdONJ StdOOh NoPacif Nrthrop OhioEd OhioOil 5’l 77 V V ’ 1987 to dat 351 24 - 4214 71 13V 1114 87 H 201 101 S' 71 when you need health protection NOTHING ELSE OFFERS you the advantages of ’ liVl L 1 So Sole n uSO Uki City Uth EGGS (Cents Per Desen) Low High Open Sept Oct Nov Dec 32V 45 3644 Jan Volume-Dec 399 1214 3014 2644 81 32V 22 110'4 371 191 Sept 139 (In 21 284 42 84 131 244j 41 27’ 171 7 V Volume— Nov 111- 34Vlt 201 81 6 31 4 IV t- 2H 41V 9 42V Saturday's Same day Tuesday’! Same day 1751 65V 11141 24 Corn— Higher Oats— Higher Soybeans— Lower Hogs— Lower Cattle— Lower Close 34 25 35 85 contracts ' Jan 20 ONIONS 50-L- b Bags) 15 Jan debita laat year clearings last year Founders Vi tl Fundamental Inv Incorn Income Incorp Incmoe Incorp Inv do FS Grain Futures 3710 779 Affiliated Fund Am Business Atomic Dev Boston Fund Can Gen Fd 1954 - Canadian Fund In Comwlth Invest Diversified Invest Dividend Shares Dreyfus Fund Eaton 8c Howard Bal do Stk Electronics Inv Fidelity Fund Fncl Ind Fund Keystone C do F B 2 do F B 3 do F-- 4 K 1 d do F K1 38 10 3700 Nov do do do 1 F£ FS-- 1 4 Mass Invest Tr Mas - vest Growth St Mutlal Inv Fund N Sec Pfd Stk Series do Income do Stock Pioneer Fund Putnam Geo Fund c United Accum Fd United Continental United Income Fund United Science Fund Value Line Inc Fd Welllnston Fund few good 19 73 ing lambs 2025-204- 0 Sizable lots short-terbreeding d 7 60-- 2U ewes mostly 10 50-1- 3 00 Sev few 2- - and eral lots black-face- d yearling breeding ewes 20 0 per head Weekend trade: Slaughter lambs Strong to 25 higher Choice end prime in trucked Utah slaughter lambs 2290 2300 LOS ANGELES Sept 9 —Cattle — Salable 5200 slaughter steers and heifers at liberal supply but quality averaging a little lower then early last week slow few sales steady cows fairly active mostly steady bulls firmi Stockers and feeders not estabtwo loads around 1050 lb lished steers in low half choice 2460 one load around 1000 11m 2450: couple loads good lighter weights 2350 no heifers sold early load lots commercial cows 1700-175- 0 bulk utility 14 25- - March I Bid 584 3 85 4 93 15 58 128 18 67 8 80 841 2 8 21 20 4 13 87 87 55 50 88 81 34 7 87 18 08 8 17 8 8 73 22 16 17 73 52 90 19 54 8 21 II 98 14 95 11 14 13 22 8 38 11 34 10 66 9 13 7 64 5 42 7 78 14 23 12 18 11 72 10 88 780 58 10 73 8 14 12 87 Asked if 8 32 3 89 541 13 13 20 8 82 92 19 57 822 2 93 9 84 33 04 3191 8 14 3 8 31 93 99 34 17 60 16 50 canners and cutters 1100-125 0 utility and commercial range bulls odd head utility dairy bred Co 20 00 Calves — Salable 300 slaughter calves moderately active early sales barely steady few mostly good and low choice 50 450 lb down 22 small Hogs — Salable 800 steady lb lots US grain feds 50 several barrows and gilta 2300-2loads largely from nearby feed lots 50 several scaling 225 240 lb 22 head light sows 330 lb down heavier weights 4 1700-185- 00-2- 3 00-2- 1750-180- 44 55 99 17 63 10 41 8 96 13 05 18 31 12 18 14 43 8 12 12 26 11 52 10 02 835 5 92 8 48 15 47 13 24 12 77 11 83 8 31 10 39 11 73 8 62 14 03 Egg Market LOS ANGELES Sept 3 —Eggs: Wholesale uncandled producer graded for sue 40 per cent giade A A AA medium 37-3- 6 large 43-4AA small 25 26 candled to retailers feb distributor plants (delivered Poultry Fryers (at ranch) fryer caponettes (at ranch) 26 27 hens young light type hens hen turkeys (et ranch) 2122 young tom turkeys (at ranch) Butter: Prices to retailers grade AA 3 cross 10-1- 2 4 20-2- 1 B 65-6Receipts: Eggs 10300 000 butter 245000 66 70 A 66-6- poultry St CHICAGO SepL 3 (API — Wheat No 3 red 3 1514 No 3 hard 318 Com No 1 yellow 135 No 3 yellow 15 22 23 1 24 Y No oats 12344-- 62 18 26 No soybeans Soybean oil: 1114-111- 4 50 Soybean meal 52 Barley nominal maltina- cholca 30 teed 85-- 1 00 63 53 23! 40 80 V4 30 98 Tax-Exem- will never assure' the proper handling of 120-- 1 your estate when you are no longer here w offer pt 8S7898J1 Municipal Bonds But a few moments talk with a Tracy-- Subject to Prior Sale v to yield 350 to 370 Collins Trust Officer will show you how due 1961 to 1963 Bonneville & Bingham Co's SD Idaho Due 1974 to 1975 to yield 390 Cottonwood Sanitary Dist Utah 4 39 Due 1974 to 1976 to yield 400 to 405 Denver Colorado 2 Due 1969 to 1970 fo Pima loose dozen): Grade Eggs (prices by 44 B 51 yield 360 Co Arizona SD No 1973 to yield 410 1 3" CALVIN BULLOCK 1894 ONE WALL STREET NEW YORK I Nair- n- with your attorney and insurance counselor to make sure your estate will be ' managed exactly as you wish TRACY-COLLI- NS DOWNTOWN wr HOllADAY & Municipal Bonds SA easily and quickly we can collaborate due A reyield on bonds of 00 755 equals turn on taxable securities (Mortgages Corporate Bonds Stocks and Savings) for an individual with a taxable net income of and 976 lot an individual with a taxable net in3 13000 come of $2500QJn higher brackets the advantage is even ' ' greater LINCOLN URE CO pt —A U 8 Incorporated 'mutual find providing cLvrniM managed investment ta Canada For Ires prospectus mail this ad te First Securiry Bldg Salt Lake City Utah ' f Phone EL 1 cents higher) AA extra large 53-5A extra large 50-6- 3 AA large 47 -50 A large 43-4- 5 B large 36 39 AA medium 40-4- 3 A medium 40-437-39 A medium A small 25 28 to consumers In prices A Urge 49-5- 9 cartons AA large 67-8AA medium 51-5- 7 A medium 45-5- 1 A 8 small Qtostf tteaOCi' $13151085 00 183104(12 00 14329775 40 1328652722 0 1650-170- 89 89 8 9 24 24 190-20- 0 2 3 Orem City Utah Rev 3 LliUiiW 50-2- 2 Cash Grain 39 30 SL Produce i - higher Tuesday’s Quotations 4 I A 34 85 36 35 37 80 38 50 37 20 909 Oct NEW YORK Sept 3 (AP— Stocks— Higher late Improvement Bonds— Mixed governments improve Cotton— Lower hedging and liquidation Chicago Wheat— Mixed nearby Bank Gearings 571 44 751 33V 801 141 178 OB NOTICE— 8teefc holders ef Cense Draniem Cet If you are holding stock not In ou name have it transferred to your Iname have it transferred to your certificate numbers so you may be properly credited with assessment now due on your shares Also notify this office - if yoq hive Changed our a'Mre CONGO IRANIUM CO 81 Felt Bldg gait Lake CUr I t lc Markets in Brief 241 S3V 361 2644 81 814 9: Medium AA 63 A large larg Cheese: Mild' loaf '41 mild longhorn 41 mild triplets 40 Butter 93 score 70 92 score 68 $0 score 66 6c Exchange 2'4 V 51 41 61 V 174 2 And 1900-205- 0 190-23- to date 8673904750 to date 610640000 i 14 Wool tope futures closed 1 8 to 2 5 cents higher October 181 2B December 181 0B March 179 2 May 1766B July Certificated spot wool tops 4 Tuesday’s Quotations Chicago Mercantile 1 36 Mi 4814 4 7114 4 S3 36 V 108 140000 V Investment Firms 14 25VI TexasCo lYaleAT Total New York stock sales Tussday 148 34VU 43’4 AC SrlvElP TnnCp WstAirB WstngEl Wheels - 00-2- 20 00 6c WeatUn NYCSL NiMoPw NorfAW NAmAv 1957 1957 V4 00-2- 2 6c WntPao NYCent 67 56 49 83010000 8110000 V - 00-- 6 Bonanza 500 at 7c 1000 at 1000 at 6c Commonwealth Lead 1000 at Croff 2000 at East Standard 2000 at Fast Utah 1000 at 13 c Grand Deposit 1000 at 2c Majestic Oil 2000 at 3c New Park 1600 at $1 c Silver Shield 2000 at Tar Baby 4000 at Sic 2500 at 20c 2000 at 21c 400 at 22c Trnni'Ui 1000 at 4c UWyo OH 300 at 70c SouthPc dopfd Total New York bond aalea Tuesday Total American bond aalea Tuesday r— Croff CrPoint Dragon ECrPoint EnstStd ETCoaln EUtah EmpMine EBulIn ELilly South Hy Sperry R UtPAL Vanadiu Wlgreen Walwrth WamrB WitAtrL 41 GO-- CrEgOU ShllerM Smmona UnPCM USFSec UPGpam USPlyw USRubr USSmlt USSteet NatGyps NatLead NatSteel NatSup NwmtM 45 39 RoyaLD Safeway StJoLd StLSFm SiRegPa Schnley SearaRo SharonS ShellOR Shell Era TexUtil Textron Thremcxi ThompP TideWO TlrakRB Tmamr TrnWAL TmCont 20thCnF UnBagC UnCarbi UnOilCal UnPacif do V " 25-1- 6 1100-140- BristSi HlchfldO UnitCC NatDiat t NYC 5a I 181 74 301 4214 NYNH H SLSF 4V4 6 6814 SlncO cv 120 105V SPac 44 131 87 V do Or— 1U81 — 110V SOiltnd 82 BOilNJ WhStl cv ' 1600-170- 50-1- 9 Vitro Corp Western States Ref ZCMl Bank and Iaseraaes Bullion BuiiionM Cardiff CenuStd ChlefCon dopfd ChiefWar Clayton Colorado ComMtals Comet ComLead Comstock ConEurek RepStl AevereC ReyMet ReynTB dopfd NCLinei NtDalry 4! 3tVl 1 1V Ch Salca In 81000Cloael ' 06$ utility standard 15 canners and cutters 1100 s few bulls Cows abodt steady Bulk mixed small lots good and choice feeder steers 20 00 00 medium end sood 17 Medium to sood stock cows Calves— Salable 200 Vealers and stock calves largely steady Choice vealers 23 00 good Few good and choice stock steer calvee 2025-2- 1 75 Very few heifer calves offered! few common-- 43JMM5 75 300 Hogs— Salable Butcher hogs largely steady sows about steady Bulk mixed lots U S No 1 2 and 3 barrows 75 5 lbs 22 few and gilts small lots No 1 and 2 grade 2275-2-2 90 One lot 165 lbs 2100 Sows largely 1700-125 few around 365 lbs 18 50 Sheep-- Salable 4500 Includes about five doubles Idaho spring lambs mostly feeders 3 cars ewes with remainder of supply largely trucked in Utah lambs Spring slaughter lambs mostly steady feeding lambs about steady Carloads choice and prime 95 99 lb Utah spring slaughter lambs 2275-2- 00 numerous small lots trucked in slaughter lambs ' 00 few mostly good to choice 21 lots slaughter ewes 6 80 these mostly good to choice numerous Numerous pert loads good and choice feed 14 00-100 3 12 50 12 5qf with Strevell-Patersoi Markets OGDEN Sept 3 USDA—Cattlg— Salable 1800 More than one-hal- f of salable supply cow a slaughter teen and heifers computing about 40 per rent with heifera outnumbering steers more than two to one Stockers and feeders only about 10 per eent Fed steers fully 25 lower heifers weak to 25 tower cows strong to 25 higher Fed bulls steady Stockers and feeders largely steady Most small tots average-goo- d to low choice fed steers 21 502250 few head choice 23 00-240 standard to average-goo- d 0 18 50 standard Holsteina 17 8 30 few utility down to 14 50 Around 70 heed average- - to high-choic- e 830-90- 0 lb fed heifers 23 50-2-3 60 two $15-65- 0 loads low to average-choic- e lbs 2 22 75 numerous small lots high 22 good to other good 19 50-2-1 50 utility and standard 15 Commercial cows largely 3 Ryoner RaythnM ReyAvn UnTank UnltAir UnitALn UnitBia UnitCp UnitFt NalBlac NtCReg 73 '4 78’4 90 85 V n Mountain Fuel Supply Portland Gas Salt Lake Hardware Sec Loan A Fin Co Fin Utah Fire Clay Banner BigHill Bonanza H TexGIfP TexGSul M MorrJson-Knudee- Tuesday’s Quotations Swift 1' MontPw MntWrd Murray NntAvia higher Deimber 151 IB March July 144 0 December 1410 ON Certificated wool spot 153 - date 148004919 Salt Lake Stock Market P n Stude SunOil bv SnrayM SnshnM MiamCp MHnyw MmPAL MinMaid MtwnCp Monanto 13 Close Chg 4650 Stauffer SteriDrg S StonAW 1 Sales In tl000Close Ch V CNW 414 721 84V ll 81 CltlesS 3 1 Do wC cv JSV22 62 V - 14 Erie 4 Hu GtNo 21 70 7214 LehVC 5 82 4 MoP 5a do 4 55 V 3e BO 201IIAI do 30101 CanPac SkellyO SconyM SoCalEd South m Merritt 18 45 8 Va V SnclatrO 1 584 59 V 634 ©8 V 26 23 V 6i y 28 80 V4 104 63 74 45 4 RCA 304 35 V 4 13 21 65 PureOU 44! 824 - 82 - 77 IV PlymOil ProctdfG 57 65 V 49 43 41 joodrch joodyr 15i 14 PhiiMor 4 741 221 190( 5 100s 1 Olive rC OtisEl OwnlilO PacG&E PAWAir PanhEP ParaPict Penney PennRR PepsiCla McKAR V 29 26 EAuto-- L GenEl in 37 424 9V 25 12 52 95 54 Mclntre 7 12' 100 3 51 191 37 “ 8 140 Sales 7ilOO 30 -- 1 CMSP cv OlnMath Macy MagmCp Magnvx 38 48 15! GenBk GenDyil GenAec 18100 17800 17500 16300 15400 15300 PhelpaD Philco MackTr 28 30 28 49 DuqLt EastAir Eastman Eaton Mf 39 LuknSt 574 61 FordMtr Frtfeutf FruehTf LANash I DelAcHd DelL&W DnAcRO 31 61 131 FoortMa Lorllard 29 Ctlr-H- 4! 13t Loews LnSCem 81 DeccaR Deere 91 24 Littonln Lckheed 18 CrtiaaW FalrbkM ridE&A Family? FedQu -FiltrolC Frestrme LOFGtas LibMcN LlgAMy 11 ?ontOil 61 241 12i Lehman 354 334 42 EmerRd EneRR Valley State Bank of South Salt Lake Tuesday announced --Wool Market- successful completion of offering oMOOOO shares of common 3 (AP)-W- ool NEW YORK stock of the Institution at $20 a share to present stockholders Sept tops and wool futures were higher W E Myrick executive vice president said that of the Tuesday despite a continued lower trend et the Australian wool $200000 in new capital raised $100000 would be assigned to price sales Traders attributed the upturn to a higher tops futures market at Lon"capital” and $100000 to "surplus” This brings the bank’s un- don divided profits capital and surplus reserves to about one million Wool futures cloned 3 0 to 3 5 cents UOTMM USE will do- 1937 to 300000 Livestock the Counter do gas notes do gas units Interstate Mir Lines Lang Co Lang Const Equip Co Tuesday’s Quotations Sales in SlOOOIClosel Che 78 AAFP 3a 12814 ATT 77 do 3V4b C8tO 32HI 541 14V 971 Croger 27 71 V4 100 V 47 29 29 16 47 Mi 14 39 wOlGas ElPsoNG (Knncott 4 KrsieCo KretsCo 554 ClarkCq ClimaxM CocaCola Colgate ColFAcIr ColBrdA He also reports that during the first three weeks of July there were six times as many new applications lor unemployment compensation filed In the Butte area office as there were DwChm Dresserl DuPont In the whole month of July 1956 when you need a horse - Freed Co Debentures Indep Coal 6c Coke Intmn Ges Common Index Rtoc’ Corp Tuesday’s Quotations Sales in 100s (Closet Chi KaiserA 173 77 H 22 4274 64 S DetEdis dollars Poor'i 100 AUeshany Joy-Mf- - 8 U 55 171 32 91 60 121 DiaMtch DiaTMot DomeM DouglaA Valley State Bank Sells Offering 31 16 22! 86 20j 14 4! 30 14! 33 is mounting in Montana— one of the' West's 2ooperB ‘’ornPrd foremost producers of nonferrous metals raneCo rownZ of the Mining Cudahy W G Maloney Butte secretary-manage- r -- and Hudson & Manh Chrysler U S Steel ' Serve I Inc Beth Steel lousehF loweSn dahoPw dealC UlCentrl IndRavn InspirCp IntlaKelr IntHarv IntNIckl IntPaper IntShoe IntT&T Borden Unemployment -- Stock 500 Closing (AP— Standard Volume Close Ch 2 27100 58 24100 25 4 1 211041 27- 18000 43 Royal Dutch Nor AmeaAvla Shell Trans General Motors dropped Chrysler Unemployment Mounts in Montana Poor’s Service Dow-Jon- d more than 14 million dollars during the first six months of 1957 compared with a like period a year ago The decline attributed by Secretary Robbins Cahill of the Nevada Tax Commission was from $23378670 to $8612968 He said Anaconda Kennecott and Consolidated Coppermines produced $5100409 worth of ore in first half of this year versus $15622103 for like period in 1956 Over- The following bid andsked Quotations are obtained from the Utah Securities Dealers Assn quotations committee They do not represent actual transactions and are intended as a guide in the range within wht4) these securities could have been 'sold fa indicated' in the “bid" column I or bought (as Indicated in the “asked" column) Averages s Ten Leading Stocks CmpbSp Can Dry CanPac CaseJI CatrpIlT Celanese Celotox copper has resulted In many of CrdePsc Crtn-ttoward less tax revenues during ChnBelt ChncVA them have predicated certain Cht&Oh expansions of state spending on the assumption that revenues from metal mining would continue at earlier levels American Stock Exchange New York Bond Market Blaw-K- The price reductions lr Amalgamated Sugar do pfd Bonneville Limited - said c Industrial sad Utilities Producers’ At Butte Mont Anaconda Co told Associated Press that no new curtailments were scheduled at this moment as a result of the drop in prices announced by domestic producers Tuesday Previously Anaconda had announced reduction of exploration development and some mining at its Montana properties through elimination of certain high cost producers end of shifts requiring overtime payments Kennecott has for many months eliminated all basic overtime in its operations in western United States Mr Michaelson Mic-Ma- Tuesday Quotations Sales In 100 (Close) Che 51 5AV4L ACFInd 5! tt Admiral Mi 351 5441 AirRe 22' 471-1- 6 AlLStl - V4 86 AlliedC 31 44V 4 AlliedSt 15 32 H AlhsCh ALCOA - 181 83H H 17A1 AmAirl 18 4 - H AmBdPr Am Can 4 434i 42 V4 AmCyan 26 AmDist 15 AmAFP 38 H AmM&P 224 AmMet 7 AmMot AmRArS 134 51V AmSmlt 37St AmStFd 5017441 AmTAT AmTob ‘To High-Cos- t AmViK AmZrnc Other high-cos- t United western in other Anacond States of production ArmcoS companies — major and Independent alike — will be similarly situ- Armour Atchison ated in his view he said AURef Miles P Romney manager of the Utah Mining Assn Salt AtiasCp AvcoMf Lake City attributed declines in copper price to world imbalance BaldLH Balt&O of supplies versus demand Bthlron BendxA He said the situation of the domestic producers of copper BenFin miners Benxuet directly parallels the plight In which western lead-zin- c Best&Co have found themselves in the postwar period His group has not BestFds BethSt acted on copper tariff Affect Other ent k 1958 Congress Appeal’ O’Connor vice president and general manager of Consolidated Coppermines Corp White Pine County Nev said the appeal to the Tariff Commission would be made because there was not now time for a previously announced plan to seek relief from Congress in January "We have been hurt fiercely" he told The Tribune by telephone The firm with some 340 employes accounts for 40 per cent of the production going into the McGill reduction center (mill and smelter) of the Neyada Mines Division of Kennecott Copper Corp Production is from open pits with KCC doing much of the mining Nevada Mines’ production also is from open pit although It has an underground operation in its new “Deep Ruth” ‘ Mr O’Connor said Consolidated Coppermines was associating itself with Phelps Dodge Corp in the plea for relief for domestic producers Of the “big three” domestic producers P-has virtually all of its production centered in the United States (Arizona) at this time Other major domestic producers are Kennecott with mines In Utah Nevada Arizona and New Mexico and Anaconda Co with principal production In Montana and other important production of copper at Yeringtop in western Nevada Mr O’Connor said that while ‘'hurt” Consolidated Copper-mine- s did not plan any Immediate curtailment Operations have been on a three shift seven day week to date He said that he had just received information of the new price reduction effects of which of course would have to be studied by management C D Michaelson Salt Lake City general manager of western mining divisions for Kennecott said that the reduction in price makes "things difficult" He said Kennecott planned no curtailment at this time at any of its western properties Mr Michaelson added however that “these price reductions place the operations at our Nevada properties on a somewhat ragged edge I’ll admit" general-superintend- Lark-Blngha- New York Stock Market K'3 he was named superintendent of US Mine and in 1942 was Market Note: Watch Wait c I o another dramatic drop in the price of the Mr Bernlck metal Tuesday Major producers cut the price 11a' cents a pound and there was further indicated weakening Benton Manager of Boyd of prices on world levels where surpluses have become a matter USSIUM Utah metal mines cf serious concern Copper plays an impressive role in the economies of Utah Nevada Montana Arizona and New Mexico and is Important to other western nonferrous metal mining states X 29 Utahns Win Promotions StirsTarif f Aid By 4 1957 I New Drop in Copper Price Tribune i 1 Wednesday September Member Federal Deposit Insurance Corp pejcfj peSefxt System ' f 655 " |