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Show ,?:T WWW a.- - j r OP U LIBRARY jj METAL PRICES 3ITY 1 i.f" IU1) II 19a Lead (per lb.) Gold (per oz.) . . .$34.9123 24.2a Copper .Zinc (per lb.). . ..'.19.5a 'Silver (per oz.) 90.16a new mined IL Features Mining, Oil, Financial VOL. 22, NO. Salt Lake City, December 14, 1951 50 One Year $2.50 November on S. During Lightens Trading lifinisthi xNaildriver The MiUinet la this sheet la ierlvei frem seareea ragardei aa as The.laferaiatleB rentatncfl la this sheet Is ierlni frest ssarees liable, mat g aaraateaA. he t bellesei te he esrreet. Uahle, aet gaaraateei, hat helleveA ts he esrreet. Low Sales Last Sale Listed Stocks High Low Bales Last Sale Listed Stocks High rerttl Big Hill Bingham Metals Bononza Mining xBristol Silver xBullion xCardiff Central Std. .03 09 .02 19 .04 .08 .02 .19 L. Nevada Metals xNevada Monarch New Majestic ... xNew Park New Quincy ..... .... xNorth Lily xNo. Standard Exchange Mine. Group Pledges Top Production .... .... .... ..... Premier ... ..... Pioche Bristol . . xPlumbic Mines Plutus Prince Con xProsper Mining xRico Argentine . . . xRoyston Coalition xSilver King Coalition xSilver King West . . . xSilver Shield xSilver Standard Sioux Mines So. Iron Blossom So. Standard xSundance Oil Co. Swansea Con. ... Tar Baby Tintic Central .. Tintic Lead xTintic Standard - Union Chief Utah Con xUtah Idaho Sugar Com.. Utah Idaho Sugar Pfd. xUtah-WyCon. Oil Victor Con xWestern Alloys o. West Toledo'.. Wilbert Yankee Con. Zuma C2 industry. To this end the association set forth the policies which It favors on. various subjects af fecting the industry in the fulfillment of its pledge. These' policies are as follpvfs. Manpower protection of thq industry fromr loss of skilled and experienced employes such as occurred during World Waf II; prevention of labor pirating which results from approval 01 higher wage scales in other In dustries; lengthening of the work week and elimination of premium pay for operations iq excess of 40 hours if labo ..... .... ........ ; Unlisted Stocks xAmalgr Sugar. Pfd. xUtah Fire Clay Utah P. & L. Com. . xZ. C. M. I. Total shares traded 1,096,426 x Indicates operating companies. - shortages develop. relation! relation! nist domination and control of labor unions; prohibition of all Labor-Manageme- nt New Officers Prospectors Urged To Seek Strategic Metals Elected by get busy immediately that all a in The request prospectors an all out effort to produce strategic minerals, vital to the nation's, defense program, highlighted the annual report of the R. D. Bradford, general man- Great American Prospectors Association, released this, week ager of the western department in Salt Lake City in the famous Alta of the American Smelting and Major projects accomplished properties district, Utah. Refining Company, was elected by the organization during the mining of the associations One president of the Utah Mining past year included drawing major projects continues to be Association during its annual among others, the following Secresolutions and urging their directedoftoward getting the meeting Monday. to mint the Treasury He succeeds W. C. Page, vice adoption' by federal and state retary the silver delivered to him by president and general manager legislators. the American prospector and of western operations of the Urged that the prospectors miner into silver dollars and reUnited States Smelting Refining school be enlarged, and opposed turn them to him at the legal federal leasing of lode mining monetary price of silver, which and Mining Company. Cecil Fitch Jr., of Eureka, claims favoring the present is $1.29 per ounce, less the vice president and general man- law. small cost of assaying and mintConsolidated Chief' S. U. the the of Congress ing. The American prospector Urged that ager Mining Company was named restore gold and silver as money and miner cannot go on any on the basis of 14 ounces of sil- longer selling his silver below first vice president. . J. Parnell Caulfield, general ver to 1 ounce of gold, which the legal monetary price," manager of the Utah Copper Di- is undoubtedly the proper ratio Colonel Watson said. vision of the Kennecott Copper no matter which way one looks comCorporation, was named second at it as it is based on the Ore. Shipments vice president, and A. G. Mac- parative quantity of production Week endlns December 8. 19S1 EUREKA DISTRICT UTAH: kenzie was named vice presi- of these metals and comparative 1 Cer Empire Mine, Dump Ore for ounce cost producing per 1 Cars dent and consultant. Eureka Lily, Ore 47 Cars Consolidated, Ore New directors elected at the same, This bimetallism is the Chief 32 Cars Drason Consolidated, Clay 6 Cars only sound currency and should Eureka Standard, Ore 4 UTAH: CITT DISTRICT Continued on Page be the basis of our money and New. PARK 1688 Tons Park 1308 Tons should be adopted for a period Park Utah PIOCHE DISTRICT NEVADA: of at least 100 years." Combined Metals Reduction Co. Homestake 13 Cars Zinc Cone. 3 Cars During the past year, mem Lead Cone. Homestake Mining Co. voted 10 Cars subPerlite was of the group bership 1 Car h dividend of 40 cents on the Silver, Ore and now in- Bristol increased A. ft Furnished Hole J. Company. by stantially common, payable December 17 cludes an impressive roster of to stock of record December 11. enthusiastic from Cons. Coppermines The company paid 50 cents each one end of theprospectors" othto the nation Cons olidated Coppermines in September and June and 75 H. Watson, Mr. George er, Corp. voted a dividend of 25 cents in March for a total of the of association, said cents on the common, payable Scribe $2.15 for the year compared Dec. 21 to stock of record Dec. with $2.75 in 1950 composed of today. of 10. Total payments in 1951 head is Colonel" Watson, 50 cents in March and 75 cents to 90 cents compared amount each in June, September and the group and is a veteran proscents in 1950. 55 pector and operator of extensive with December. Mining Group - -- Labor-Manageme- nt Ore Widening At Sunshine Cons. Mine forms of compulsory unionism, including the union shop, which result in labor monopolies; lm mediate and effective applica tion of existing legal proced ures to prevent national emergWALLACE, Idaho Reports ency strikes. Government Expenditures that Sunshine Consolidated efficient and honest administrawest on the drift companys tion bf essential functions of 3100 level of the Yankee Girl and elimination or vein has opened a wider ore government deferment' of all abnot those structure were confirmed this week by Norman Smith, resi- solutely essential in the emerdent engineer for the company. gency. Taxation administration of About 10. days ago the ore tax laws, in accordance with widened considerably from the narrow seam which was being congressional intent rather than followed and for the past 40 through administrative interto 3 pretations designed to defeat feet has varied from 1 feet wide, he said. The struc- this intent; repeal of erratic and ture is a combination of siderite discriminatory tax levies such and sulphides with a substantial as the excess profit tax, which amount of iron in the form of penalizes resourcefulness, effiand economy; approval pyrite and chalocpyrite associ- ciency of additional measures to stimuated with the tetrahdrite (silver late the growth of the mining ore.) industry, including allowance Although not a bonanza sil- of tax-fre- e a three-yeperiod ver strike as unofficially reportnew for mines. ed when first encountered, the Stockpiling accumulation of ore will average 30 to 40 ounces of silver per ton across the vein stockpiles during periods of ex- width and will provide a low-graContinued on Page Z mill-fee- d running 15 to 30 ounces from a full drift width, he stated. The grade of the ore is ac CASH tually lower than some areas of the narrow seam back along for your the drift which showed as much as 75 ounces a ton, he added. Doubtful Investments -- ar de or Trade Production from the Sun Con area which is mined by Sunshine Mining Company under a profit-sharin- g agreement, is now running about 1000 tons a month of good grade, 40 ounce muck, Smith told the r Continued on Page 4 Describe Fully M. Lewinsky 1062 Sutter Street, San Francisco, Calif. - Ok Full use of the northwest! metal - production capacity t provide materials essential t4 building our defense against the threatening communist ink ' perialism was pledged by mem bers of the Northwest Mining Association in a declaration of policy adopted at their 57th annual convention in Spokane last week. The policy statement was pro pared by a resolutions com mittee headed by Ross D. Leisk. general manager of Sunshine Mining Company, Maintenance of steady and plentiful production of metali and minerals, however, is noj possible, the declaration stated unless powers and authorities that have been delegated to gov ernment agencies are utilized to prevent the development of conditions or the occurence of events which curtail or interv rupt production of the mining .. Ohio Copper Oil Securities Park Bingham . xPark City Con. Park Konold Park Nelson Park xPark Utah V L- . t n. |