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Show r?junr :xr or utjtj r r t . o J w j j wlVk 8 r -- 1 . ,.i . ALT LAKE TALLEY SMKLTEK FBICES rJzz oirr M SILVKB (IK M. HW mImA) LEAD, per 180 corns u. iumut Features Mining, Oil, Financial VOL. 18. NO. 11. gold ZINC Salt Lake City, March 14, 1947 (fvc 1AM lv.cise m) eS4.siss Fr lit) li.Stc One Year $2.50 Consolidation 5. Market L. FRIDAY, MARCH 14 Listed Stocked Bi Hill Bingham Metals. Bonanaa Minin, xBrletol SilTer Bullion JOS 04 Cardiff Central Standard xChief Con. . xClayton Silver xColorado Con Columbus Rezall xCombined Metals xComet Coalition xCommonwealth Lead Crescent Eagle Oil Croff Crown Point :: xDragon East Crown' Point. 1.25 . J9 .07 07 .... Empire Mines xEureka Bullion ji .42 Rico Argentine Records Operations J6 .09 .05 Mi Substantial Profit Gain Show Profit jg 14 J2 ..... Xentucky-Uta- h mill are on the Park City side of the mountain. .... ...... xEureka Uly Con. Eureka Mines Eureka Standard Odd Chain ... Great Western xOrand Deposit ALTHOUGH RECORDING BUT A COMPARATIVELY SMALL PROFIT from operations during the past year, Park Utah Cons. Mines Company was nevertheless one of Utah's major producers of metal. Shown above is the Keetiey side of the firms properties. ' Major surface buildings and .02 xEast Standard East Tlntle ' Coalition xEast Utah . xHorn Silver. xHowell Indian Queen Kennebec v.-- . miningin .09 ft .,.. . A proposal to consolidate four .13 ....; ;... Keystone xLakeside Monarch xLeonora xUttle May Magnolia Lead xMammoth Miller Hill xMiners Gold Missouri Monarch xMoscow xMt. City Copper xMountain. View xNevada Metals ad . Nalldrlver xNew Park ... xNew Majestic xNorth Lito xOhio Copper - -- Park .05 .04 .03 ft .05 on Profit Side 2.10 .05 .07 .20 ........... 1.95 J17 ,74 . Bingham.. xPark City Con. Park . Xonold . Park -- Nelson Park Premier xPark Utah 1946-compar- 3.55 04 .10 xPlutus JS xPrlnee Con. xRico Aren tine Roystoa Coaln. xSilver King Coal'n. Silver. King West . x8 liver Shield xSilver " Standard Sioux Mines So. Iron Blossom So. Standard .. Swansea Con. Tar Baby Tlntle Central xTintic Lead xTintlc Standard Union Chief JO . Utah Con.-- . xUtah-Wy- o. .. Victor Con. - xWestem .04 .02 J1 2.40 ,.. . West Toledo . XW liber t xYankee .Con. Zuma ..... ........ .05 ... xUtah Id. xUtah Id. - 07 .... Bug Com. Bug. Pfd. 4.25 Unlisted Stecks Amalg. Bug. Pfd. . . . Con. Wag.. A Mach. xMat' Tun. A Mines XUtah Plre Clay ........65.00 XUtah P. A L. Com. ....22.00 .103.00 XZ. C. M. I - . Park Utah 1 1 Lilly 100 at 45. 5000 at Leonora 2000 at . Nevada Metals 1000 at 7. North Lily 300 at 76. 1600 New Park 400 at Mt.- City Copper 100 at 2.15. ' Ohio Copper 2000 at 19. - . 3, 2.02; at 2.00. 32; 500 at 31; NON-OPERATI- Big Hill 100 Cardiff at 11; 3300 1000 at 7. Eureka Standard 200 - at 500. at 33; 1000 at 34. 10; 1000 at 500 Colb. Rexall X. Tin.- Coal. 525 PETT 40. at at 9. 11. . at 15. 1900 at 42; 500 8. Royiton 1000 at 1000 at 60; SUver King Weit Tlntle Central 6000 at Union Chief 2000 at 6. 2. 100 at 41; at 78. MORRIS & BONDS COMMODITIES STOCKS 3.60. - 3; URE, : at 3000 . at 100 Bilver Shield 2000 at 6. Tlntle Lead 500 at 34 108.00 Clayton Silver 100 at 62; 800 at 60. Chief Con. 1000 at 1J5. Combined Metals 2000 at 31. Eureka Bullion 1500 at 22. Eureka - .047. -- Operations for the first half of 1946 were on a one shift 6 days a week, basis, and for the last half one shift of 5 days a ' Lead output from domestic week, Paul H. Hunt, vice presi- mines totalled 31,837 short tons dent and general manager stated in January, the largest monthly in his report, pointing out that for a year, acthe labor situation in the latter output recorded the-U. to S. Bureau of cording some of showed the part year Mines. improvement Utah Leads Employment In every western state except Average number of employes Colorado the January 1947 lead in 1946 was 229 (1945, 218) de- output exceeded the monthly velopment footage, 8,720 (1945, for 1946, the largest 9483) footage diamond drill holes average 76 per cent in Utah. being gain 2623 (1945, 3502) and 28,400 of the comTotal production tons of ore were mined in 1946 bined Western States was the compared with 27,893 in 1945. greatest since March 1945. "Because of the great demand us and world shortages, of Mine Inspector Passes metals, the . outlook for Matt Murphy, Nevada state prices for the next few years should be good. We are extend- mine Inspector since 1935 and a ing development into unexplored Reno resident for 41 ' years, died areas of the property and plan at a Reno hospital Wednesday 1942. Increases in wages and higher to increase this development night a few hours atafter being work as rapidly as available stricken suddenly the state prices of all materials consumed miners Mr. at Carson Hunt said. City. capitol permit in the operations as well as the relatively smaller tonnage milled have resulted in higher costs. Ore mined in 1946 amounted to 792,994 tons against 1,400,000 tons annually before the closedown. Average realization was $13.19 per ton in 1946 compared ON with $6.27 in 1945. . MIMMBB . non-ferro- FREE iriFODRIATIOn WNmUlHh PI 1946 STOCK SUMMARY MANUAL -19- 46-47 IDAHO TALLS, IDAHO STREET. 418 SALT LAER CITY. UTAH 21 EAST 2ND 80. I Members SaH 112 , rork Stock BMhangoo Lake-Ne-w WE SPECIALIZE PRIVATE WXHES An up to date map of tha famous Tintic Mining District, showing the location of many properties of listed companies. We will forward the above to you upon request, together with any additional information you desire FREE & CO. J. A. HOGLE m TO MININO STOCKS ALL MARKETS mesa sld& MAIM ST. Sail Lake COMPANIES LISTED ON SALT LAKE STOCK EXCHANGE. 18 YEAR HIGH LOW PRICES Salt Lake Stock Exchange Chicago Board Trade -- Chicago Mercantile Exchange . . ds - OPERATING Ore sales, including premium payments of $559,001, amounted to $1,038,776 as a result of operations conducted during 1946 on properties controlled by Park Utah Cons. Mines Company, the firm recently informed stockholders in the annual report. Net Income Additional items brought the firms total income to $1,064,875. Total expenses were $945,226, depreciation was , $46,046 and net income before provision for depletion, was .reported. at...$72,T . Con. Oil Alloys. ed - Ploche Bristol Plumbic Mines . i Rico' Argentine Mining Company, one of Colorado's major silver-zinc-leproducers during 1946, produced ore having a Value of $1,012,124 during that twelve month period from gross its properties located in Dolores County, Colorado. Net smelter returns, together with total premiums ' received amounted to $980,077 for 1946, compared with $691,363 for the previous year. The company derived this Income from 35,579 tons of ore mined in' 1946 and 35,796 tons of ore mined in SAN FRANCISCO, Calif. 1945. The Homestake Mining Co, and Income. Gains wholly owned subsidiaries earnNet : income before provIsioiT ed her income lTr$2,,3eitf37-o- r for depletion,- - was$186,245 . com- $1.18-- a share in' pared with $51,075 for 1945. with a 1945 net loss of $487,288, During 1946. Rico Argentine paid Donald A. McLaughlin, presifederal,, state and county taxes dent, said Tuesday. revenues Total operating amounting to $76,635. to last $11,154,146 spurted year 23.28 were share Earnings per cents last year and 6.38 cents from $3,037,033 the year before. in 1945. Net working capital in- Expenses rose to $7,058,641 from $3,279,690 and federal income creased from $391,668, Decemtaxes gained to $1,427,711 from ber 31, 1945 to $490,212 as of $4096. 1946. December 31, Steady progress was made thru Activity Constant A 135 ton flotation mill, built the year. McLaughlin said, toin 1939, has been in constant op- wards the restoration of normala operations. However, lack of eration since that time, and sufficient number of trained comthe controlled acreage by to miners break the tonnage of pany has been increased from ore needed to operate the mills more to acres 240 the original at capacity prevented full prothan 3000 acres. duction by the year end. Stock of the company is listed Dec. 31, 1946, he added,' By Exon the Salt Lake Stock bullion production was at the change. rate of more than $1 million a month which was less than the amount recovered Park City Con. 1000 at 47; 1000 at 46; two-thir5700 at 44. before operations were monthly Plutus 100 at 40. suspended by the government in Rico Argentina 600 at 1.40. .03 companies holding the Spruce Mountain ground mining district, Elko County. Nevada, will be submitted to stockholders for approval in the near future, it was learned from authoritative sources today. Firms Involved Included in the proposed consolidation would be the following firms: Missouri Monarch Cons. Mines Co., Spruce Standard Mining Co., Missouri Monarch Extension Mining Co., and Eastern Nevada Exploration Company. One of the purposes of the consolidation is said to be so that a plan may be evolved permitting additional finances that would result in further development of the properties. Past Production Considerable production has been made from the Missouri Monarch mine in past years, the exact amounts not being available. Substantial development has been undertaken at several of the properties involved in the consolidation. Canadian groups hold substantial interests in Missouri Monarch whereas the other three properties are represented by Nevada and Utah people. The' proposed development or exploration program will consist largely of .diamond drillinis reported... g,-it Missouri Monarch is listed on the Salt Lake Stock Exchange. - Ogdon OF CHARGE. CROMER BROKERAGE CO. H. E. HAVENOR & CO. 619 NEWHOUSI BUILDING, SALT LAKI CITY, UTAH MEMBEK SALT LAKE STOCK KKCHAHGE MZMBEB SALT LASS STOCK EXCHANGE MAIN FLOOR STOCK EXCHANGI BUILDING. Salt Lake City mrOXMATION rUKMISHED OH UTAH COMPANIES OKDEIS EXECUTED OH ALL EXCHAKGES Telephone 3-3- 857 ; METAL MINING INDUSTRY OF UTAH |