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Show L: i i imVAET vn ov pTAfil $ I . iuirr r r 'v "1 r-- .V U r r 7 ALT LAKE TALLEY SHELVES rsiCEi w uw bImA) i dz,j Y-.f-iu- S1LTEE (Mr LEAD. Mf 1M UISX ; 9Vfcs UM .m COFFEE GOLD B4J12S (Mr ml) UNO (Mr IM) MAM Features Mining, Oil, Financial VOL. 18, NO. 17. One Year $2.50 Salt Lake Cityr April 25, 1947 North Lily Leases Prove Profitable 1 Operation of leased properties North Lily Mining Compan; a net income of $171,-1during the year 1946, according to the companys income statement. This was before deduction for depreciation. Net Income Income from contract was listed at $25,649 and mining interests and rents received were $12,788 in addition to the above amount. Following expense deduction, including provision for loss on possible future abandonment of leases of $100,000, net income without deduction for depletion was listed at $96,425. Operations in North Lily property were confined to maintenance and repairs and the excavation of a pump sump on the 1500 level for water storage and crosscut to pro- -I driving a ot vide a runaround for motor haulage, the report stated. Leases Produce All production for the year was obtained from the Eureka Bullion and Tintic Bullion leases. Net recoverable content of ore settled for by the smelters during the year was summarized as follows: returned - Information from all, quarters continues to indicate asubstan-ti- al shortage of miners. This, is true not only at the larger productive mines but at- - properties where development arid tion programs are being jected. Leases Available The same shortage of- lessees exists. The mining districts abound with properties available for leasing that are remaining idle. What with currently high existing metal prices together with substantial government premium payments, it would appear that a goodly number of husky American citizens are watching a golden opportunity fade into the past. feaSidney Norman, ture writer of the mining Globe and Mail, Toronto, has brought out ores are being formulated by East Standard MinPLANS FOR PRODUCTION of lead-silvsome interesting facts ' about of a culmination deal Company following ing involving mineral properties located near Hamilminers in a recent issue of that The Nevada. near ton, future company anticipates shipping activities and has outlined a comdaily. program. development prehensive, A Better Life Mr. Norman draws a comparison between the misery of urban life with ts competition and low salaries and the life of a Dry Copper Silver Gold miner, who; though he works Tons Pounda Ounces Ounces hard, has youth, freedom and Tintic Bullion 1.936 42,497 9,460 13.682 strength and benefits from his Eureks Bullion occupation. Mr. Norman conLease 375 000 6,441 13 Negotiations were completed in Salt Lake City this week by trasts the stuffy bunkhouses of Standard East of in the Mining Company and Chic the resulting acquisition 5.3X1 42.497 14,901 13.695 fifty years ago Totsl .development work for the year Sale sanitary arrangements, the Dog Star Mine, Hamilton Mining District, White Pine County, 1946 Nev. 1254 consisted of Cons. KIMBERLY, feet of various ten hour, $3 dollar a day shift Nevada. type of headings plus 956 feet of prosand indifferent grub with the Coppermines Corp., in its 24th diamond a pect drilling, summary f the purchased property was development footage and diamond drillmodern accommodations, in- annual statement to stockholders, onThe a production basis' late .last ing completed In tne various propercreased leisure and .facilities for reports for the ties Is as follows: ended Dec. Fall until made conditions year snow entertainment Feet Feet ore to $858,-88net continue 4, of 31, it 1946, .impossible earnings These improved conditions and Development Diamond ' Work Drilling equal to 54c per share on haulage. During the Winter opportunities for lucrative emNorth Lily Mine 65 development however, months, of one Tintic Bullion Lease 758 the nations the outstanding capital stock. ployment in Eureks Bullion Lease 54 operations were continued. As are well These greatest industries do not soon which become earnings, passDevelopment Unit 1 Tinroads as the . known to those close to the pictic Standard A n, is it deple-ioable for trucking, reported ture. However, there is plenty of ndude any deduction for North Lily) 377 95S rethe new owners will compare with $435,877 for that potential miner timber that could Technical and men to the ore operating well be interested were the possi- the preceding year, which was sume transporting to current of the galvanizing division of I Development smelters. According bilities presented to them. on the reports, shipments should be reInitiation of an educational equal to 27c per share the steel Industry will attend 1The tw0 program together with a com- shares then outstanding. These sumed around May '1st. of The Galvanizers development now in fltces meeting progress es Shipments Made prehensive miner training might figures, do not reflect Copper-minI are to a on Committee held be vertical winze (1) below April interest in the earnings well be the solution to the miner Just previous to cessation of 28th and 29th at the Hotel Stat-- the level to prospect downcoun Metal The mines of the of its Titan Mfg. shipping operations last Fall, problem. affiliate, I ward continuation of the End- try have been instrumental in Co., which reported, for the year five railroad cars of ore were er St. Louis, Missouri. line Dike which was so produc- must a , and 1946 nation and sales of total $18,216,409 building great sent to the smelter having a On Monday morning, members tive of gold ore in the 'levels in net profit of $767,091.' certainly have their part net settlement of $8,058. Values of the committee, which is spon- - above, and (2) development of keening It that way. In the accompanying letter to were in lead and silver. mineralized fissure and In-- 1 ? sored Zinc American the The almost unendurable lot of stockholders, by John A. Payne, favorable lime beds in Located on the. West side . of veterans in the cities,. who have president, reported that the con- the famous old mining camp of stitute, will attend the opening ground of the Twentieth leased Cen- to endure rent gouging, the trolling interest in Titan Metal 55 miles southwest of session of the Institutes annual tury Mining Company. This is Hamilton, neighbors radio, the low wages Mfg. Co., which was purchased as the Development Nevada, the Dog Star, to- meeting scheduled for that day, known existence and the sardine-lik- e Cons. Coppermines last De- Ely, U by the Mary with adjacent of urban life, will convince many had been acquired at a gether Treasure and when subjects of4hutual interest In addition to the above, the Ellen, Young of them that they should strike cember, I Mr. total cost of $1,837,500. mines boast an enviable are down for discussion. company drove 3429 feet of de- Phyllis out for greenex fields. Theres Payne said that the investment record of Separate sessions will be held velopment headings and com- no reason why many of them in Titan Metll was paid for in early day production lead-silv- er ores. Re- on grade high Monday afternoon and Tues pleted 964 feet of prospect diashouldnt take up mining. cash without recourse to bank mines mond drilling for the InternaThere is no reason why a rea- loans or other financing. Titan ports have it that these 50 to day morning. A round table dis tional from ore running yielded Smelting and Refining sonably- thrifty miner cannot, Metal is an important producer cussion of. problems in their ground. This Company at times, get the inside dope on of brass and bronze forgings and 70 per cent lead and 25- ounces is listed for operating Monday afternoon work was done on a cost plus a good nrosnect which may turn other related products. On 2). to committee which will Page be open (Continued basis to the North and returned out well. When he gets more members only. Suppliers of the sum hand his can Mining he Company Lily to the experience, try equipment and materials of $25,649.50. at prospering and there. Of be will galvantizing industry course, the field is unlimited. heard from the platform Tuesday The mines need these people morning. Among the companies and certainly, they need the who will send speakers are Monmines. santo Chemical Co., Heppenstall r Co., Wean Engineering Co., maxicontinuous a Diamond-Drillindevelopment, Engineering Co., Again" ''Bragging techniques ant Surface Combustion Co., Parker from stopes, mum of production in the preparation An old colored preacher was employed Rust Proof Co., and Rheem Reat a large eastern virtual elimination of dust from warning his parishioners about blast holes development On the other hand, the search Products, Inc. A short deare drilling. magnetite sin, according to Bennet Cerf scribed for need are the the close will session business disadvantages in a publication released in the Saturday Review of Lit and conference. investment capital Mines. greater of Bureau the erature. He really got warmed today by of highly skillWritten by McHenry Mosier, the employment F. G. White, Granite City Steel up on his subject that morning chief load to and detonate Co.; ed personnel of the College Park (Md.) T. P. Caine, Weirton Steel and shouted: in long holes. Sin1 i lak a big dog. Deres Division of the Bureaus Mining the charge Co.; and C. K. Lytle, Tennessee Although noting that primary Coal, Iron and Railroad Co., are de big dog of pridd, and de big Branch, the publication is the costs were not available for di- responsible for the program at undertaken a series first of by of of and de dog big envy, dog the circular this, the Eighteenth meeting of to current rect describe the bureau comparison, gluttony, and finally, brothers, Committee practices in diamond drilling for emphasizes that diamond drill- The Galvanizers deres de big dog of sex. Now. brothers, you gotta kil production purposes throughout ing blast holes in stopes in mine whose chairman is N. E. Cook, dose big dogs afore youre ever the United States, and to dis- A appeared more advantageous Wheeling Steel Corp. of this than percussion drilling in cergonna get to heaven. Ise done cuss the asrelative merits A three-ce- nt piece containing compared with per- tain blocks where the mining it. I killed de big dog of envy method for the 75 was favorable method per cent copper and 25 per and de big dog of pride, and de cussion drilling. cent nickel was authorized by an Principal advantages of dia- use of long holes. big dog of gluttony and yes, of the Act of Congress on March 3. 1865, at the Detailed holes blast mond of descriptions de drilling killed I big dog brothers, as as well and the first coins were issued the mine in question, publica- apparatus employed sex! in that year. The nickel used A small voice from the rear tion states, include safer work- a summary of the results obtaining conditions in open stopes, ed by diamond and percussion was mined in the United States METAL MINING INDUSTRY of the church: "Brother, are you sure dat las recovery of additional ore, a drilling are given in the pub and sent to England in the form OF UTAH of matte for refining. ' dog didnt die a naf chel death? reduction in the amount of stope lication. flk 80 - 65-fo- er East Standard Acquires Hamilton Area Producer Operations At Kimberly Show Profit - Galvanizers Slate Meeting - In St. Louis . I 1 . . - , . - Bureau of Mines Reports On Merits of Diamond Drilling Aetna-St- andard g . . - 1 Mfc, |