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Show The Western Mineral Survey, Solt Lake City, Utah' Col-d- Hearings Under Way April 9, 1943 Belts Conveyor An iron mine has open pit installed a steel and rubber conveyor belt to haul its ore to the top in one relatively short operation, eliminating the long circuitous railroad and bench formation. of the mine formerly necessary. it cuts manpower and saves , time. The new development is made possible - because the belt combines steel wire and rubber and therefore can be suspended over a.1 much .. greater length than the familiar rubber and textile belts now being used in industry. If. it should prove 2706 Howard Badger 51 as practical as expected, it may 1870 Charlie Carlston 730 mean a great change in 'mine 2878 J, W- - and-O- r Mil-haulage equipment and a saving In labor. Due to materials involved, however, extensive application probably will be held up until after the. war. Continued From Page.l The special Senate subcommit- . tee hearings on problems of the mining industry, being conducted under the direction of Nevadas Sen. James G. Scragum, one of which is being held today in Las Vegas, will move to Salt Lake on April 21, according to present plans. Mining men from the entire Intermountain area are expected to attend and testi- . - fy. Senator Scrugham of Nevada Is chairman' of the Senates small on mining business and minerals which will hpld the hearings. At Washington the Nevada Junior senator called for an executive declaration of policy regarding domestic mining and stockpiling. Otherwise, he said, Congress sub-committ- . WESTERN MINERAL SURVEY must act. Scrugham said there was evidence that all the nations resources were not being brought into, use, and that lack of a coordinated policy was apparent" Small mine operators, he as- serted, were "shunted from office to office in government agencies and were handicapped by restrictions on equipment and manpower difficulties. Indications were, the chairman stated, that all has not been well and' that there is cause for alarm in the conduct of some of the operations in the important field of raw materials. lie suggested that a cure might be found in legislation looking to appointment of a war minerals dictator. Scrugham has suggested a seven-point policy of production, adequate prices- and the provision of manpower, and Donald M. Nelson, WPB chairman, appeared before the committee yes-a terday. Scrugham called for declaration of policy which will let the people of the United States know how we stand on domestic essential mineral production; whether adequate, provisions are being made for supplies which will suffice for small as well as large manufacturing enterprises, and for our essential civilian economy. If the executive agencies do hot evolve such a policy, the Congress may have to declare itself. The committee feels, its chairman declared, that direct and prompt action pointing to an announced policy by the government regarding domestic mining and stockpiling is essential to winning the war and preserving a basic essential civilian economy. Either the executive branch of the government must declare itself or Congress must act. Other places where hearings are scheduled are Riverside, Sacramento and Los Angeles in California, Grants Pass, Ore., Dem-minN. M., and Phoenix and Tucson, Ariz. g, Ceiling Set WASHINGTON Approximate- ly $250,000 per year will be saved users of copper sulphate as a result of an Office of Price Ad- ministration action today placing a nationwide price ceiling on that product. Copper sulphate is widely used as a chemical ingredient of agricultural insecticides and fingi-cideTo a lesser extent it is employed as a seed disinfectant, as a mix in mineral fertilizer, for inand as mildew-proofin- g dustrial purposes. The new ceilings are calculat-- . ed on a base price of. $5.00 per for 99 per cent hundredweight ' Recent prices in the crystals. East have been $5.35 and in the West as high as $5.50. OPA found that these prices were the result of speculative increases unjustified by actual rises in production costs. The new prices were established by maximum price regulation No. 354 (copper sulphate) becoming effective April 3. s. Book Review By Hugh ONeil TALES OP THE PIONEERS by W. A. Chalfant is a collection of aneetdotes of early California-Nevad- a mining camps. Published Stanford the University Press, by it contains 129 pages and sells for $3.00, We learn from this book that Pioche was the most important town in southeastern Nevada in EAST 1ST SOUTH TEL Entered as second dan matter at Salt Lake City, Utah under Act of March 3, 1879. Rates $2. a year in Subscription United States; $2.50 foreign; $1.00 for six months. . Mineral Western Please mention Survey when writing to advertisers. rate ,on application. 22-2- 4 - Mine production of silver in the United States, by States, for the years of 1941, 1942, and Januaiy 1943, in terms of recoverable metal, based on smelter and Mint receipts (fine ounces) JOHN R. TALMAGE, Managing Editor All the news of the development ol the intermountain Section, published by The Western Mineral Survey. All news appearing hi the Western Mineral Survey is obtained from sources . believed to be reliable but no responsibility is assumed for accuracy 2733 A. of statements. F. Em- - and-o- r SYNOPSIS OF THE ANNUAL STATEMENT OF Royal Exchange Assurance - - .20 3.65. John Street, New United States Kanacer. E. W. Elwell. Snownir conditions on December 31t. 1M2, made to the Commissioner of Insurance of tbe State of Utah, pursuant to law: YJBfome office.-Il- l ASSETS ........... I5.68S.S08.40 642.97S.3I Bonds and Stocks Cash in Office and Banka Other Ledger Assets Total Ledger Assets Assets Non-Ledg- New Mexicos oil production 1936, dropping the state from seventh to eighth ranking among oil producing states, State Geologist John M. Kelly reported the last year was the lowest since past week. In a report prepared for the American Institute of Mining Engineers, Kelly said oil production in the state was 31,913,816 barrels, a decrease of 7,838,052 barrels from the previous year. Drilling activity last year also was below that for 1941, showing a 16 per cent decrease with 339 completions, the report showed. Three new oil fields and one new gas field were discovered as the result of wildcat drilling, the report continued with extensions made to one oil and one gas field. Among production areas in the state. Lea County ranked first with 26,812,949 barrels in 1942, followTed by Eddy County with 4,624,579 barrels, and Chaves County, 2,680 barrels. Kelly said allocations set by the state Oil Conservation Commission on recommendations of the petroleum administrator ran 87,545 barrels short of the established daily outlets on pipeline runs. Transportation difficulties caused by the dislocation of tanker sailings to East Coast ports were attributed by Kelly as the reason for the drop in production and , . output It continued to grow in prosperity for the next two years 1872. and claimed a maximum population of 10,000. Stock jobbing was assigned as the reason for closing the principal mines in 1876. The' first locations were made by a man who was guided to the place by Indians. While author: ities do not agree as to the date, it was probably about 1868. P. L. A. Pioche was the principal owner and his name was given to the place. It became important in production, liveliness, crime, vice, and other standards by which the importance of early . camps were gauged. One mine,' the Raymond and Ely, paid $13,000,000 in dividends and another. The Meadow Valley, did almost as well. e 2 W. F. SNYDER & SONS Mines ' Felt Building, Solt Lake City J) A 3 mile underground electric railroad, serving this companys property and the adjoining3 mine of another company. The portion of the mining property not sold in 1937, located below the main haulage level, in which over $400,000 had been ex pended during the four years preceding 1931 in an unsuccessful effort to develop new ore bodies. Competent geologists are of the opinion that this area still offers good prospects of further development The Bureau of Mines of the United States government is now. making a study of this portion of the property with a view to possibly continuing the exploration work. A deficit of over $2,300,000 has accumulated during the course of many years through setting up substantial reserves for depreciation and depletion and loss on capital assets in prioris years, but only a small portion the result of operating losses before depreciation and depletion deductions. -- aluminum rivets must be kept very cold until they are used, to prevent hardening. Indias Forest Research Institute has developed a synthetic oil for asphalt emulsions for road building from rosin and fatty acids. Heat-treate- i from Page 1) ers, at a very advantageous price. The purchaser bought the property principally to use as a right of way for a vehicular tunnel. The ore contained in the area sold was of extremely low grade and, if extracted, would have re- Suired a very large-scalentailing a capital investment of several millions of dollars, which the company had no way of obtaining. The proceeds from this sale permitted the company to pay all of its indebtedness with sufficient working capital remaining for the liquidation of some of the remaining assets, consisting of the following: 1 Five million tons of mill tailings (waste) from a previous milling operation, containing, in the aggregate, a large amount of copper. During the latter part of 1937 a plant was erected to retreat these tailings. The operation of this mill now constitutes the principal activity of the company. This material is probably the lowest grade copper-bearin- g ore betreated.. ing profitably Approximately six years remain to complete the liquidation of this as- set d ."7.295706.11 .. 473.135.76 Total Admitted Assets . . . .$6,622,570.35 LIABILITIES. Unearned Premium Reserve 3.055.641.54 Net Amt. Unpaid- Losses and Claims 1,474.208.14 All Other Liabilities 349,154.13 Ohio (Continued 69.901 AS er Gross Assets ... Less Assets not Admitted New Oil Output Low Since 1936 892,917.62 .7.225.104.23 Total Statutory Capital Surplus Surplus as to $500,000.00 1,443,478.64 policy-holde- 4,879.093.81 - 1,643.476.54 rs Total Capital. Surplus and Other Liabilities $6,822,570.35 State of Utah, County of Salt Lake: This certifies that the above named Company baa filed tti annual Statement of which the foregoing le a synopsie and has complied with the laws of this State relating to insurance and thera-fer- e is duly authorized to transact the business of insurance in the State of Utah until the last day of February. Neff 5000 2124 Henrietta Olsen. 1195 2635 Mary Rayot . 119 2829 F. C. Schulter . . 100 2795 Patsy Tregeagle 500 2796 Patsy. Tregeagle 1000 1944. IN WITNESS WHEREOF. I hereunto 2797 Patsy Tregeagle 1000 set my band and affix my official seal 2424 Ralph Wilhoit . . 1000 tbis 1st day of March. 1943. 2778 Helen Wilhoit . . 1000 OSCAR W. CARLSON. (SEAL) Commissioner of Insurance. 2779 Helen Wilhoit .. 1000 2780 HeVn Wilhoit ... 1000 SYNOPSIS OF THE ANNUAL STATE- 2889 Owen Jarvis . . 5000 . ... (3-2- 6 MENT OF 25.00 5.98 .60 5.00 2.50 5.00 5.00 5.00 5.00 5.00 5.00 25.00 . And In accordance with the law and an order of the Board of Directors made on the 23rd day of office, Seattle, Washington. President, M. D. L. Rhodes. February, 1943, so many shares of each parcel of stock as may Secretary, L. D. BrilL Showing conditions on December 31st, be . necessary, will be sold at 1942, made to tbe Commissioner of Insurance of the State of Utah, pursuant public auction at the office of to law: the company, 276 South West iQSVTS Reel Estate $ 40.000.00 Temple Street, Salt Lake City, Bonds 3,169.674.51 Utah on the 30th of April, Cash in Office and Banks.... 430,512.63 1943 at the hour day2 of p.m., to Other Ledger Assets 189,823.72 pay the delinquent assessment Total Ledger Assets $3,630,010.86 thereon, together with the costs Non Ledger Assets 20.114 M of advertising and expense of Northwest Casualty Co. Home "Gross Assets Less Assets not Admitted .3,850,125.15 .. Total Admitted Assets . . 3,793,951.02 LIABILITIES Unearned Premium Reserve 1.335,991.04 Net Amt. Unpaid Losses and Claims 1,079,075.56 All Other Liabilities 510.375.65 Total Capital Surplus Surplus as to sale. LOUISE M. ORTON, 56,174.13 Secretary. American Metal Mining Company, 276 South West Temple Street, Salt Lake City, Utah. Notices s Legal The Western is 2.935.249.25 $400,000.00 458,701.77 policy-holde- rs $ 050,701.77 Total Capital, Surplus and Other Liabilities 3,793.051.02 State of Utah, County of Salt Lake: Thie certifies that the above named Company has filed its annual Statement of which the loregoing is a synopsis and has complied with the laws of this State relating to insurance and therefore le duly authorised to transact the business of insurance in the State of Utah until the last day of February. 1944. IN WITNESS WHEREOF, I nereunto set my band and affix my offidal seal this 1st day of March, 1043. OSCAR W. CARLSON (SEAL) Commissioner of Insurance. .Mineral Survey qualified as a Newspaper to publish Legal Notices, Having Been Approved in the Third District Court of Salt, Lake County. Probate And Guardianship Notices For Further Information Consult the Clerk of the District Court or Respective Signers. NOMCE IN THE DISTRICT COURT, PRODELINQUENT NOTICE ' DIVISION, IN AND FOR American Metal Mining Com- BATE. SALT LAKE COUNTY, STATE pany, location and principal place OF UTAH of business, 276 South West TemIn matter the of the Estate ple. Street, Salt Lake City, Utah. of HENRY ' BENTON PROUT, Notice is hereby given that there are delinquent upon the Deceased. The of Benton following described stock on ac- Prout petition" for Ralph admission the praying count of Assessment No. 33 of to probate of a certain document one-hacent per share, to be the last Will and on the 23rd day of purporting levied Testament of Henry Benton 1943, the several Tfout, deceased, and for. the February, amounts set opposite the names granting of Letters of the respective shareholders as to himself has been Testamentary set for hearfollows: on Wednesday, the 21st day ing Cert. Amt. of April, A. D 1943, at ten No. Name Shares Due oclock a.m. at the County Court 2572 V, E. Anderson 10C00 50.00 House, in the Court Room of . lf . (c) 1 |
