OCR Text |
Show December 21 , 1951 The Western Mineral Survey, Solt Lake City, Utah ' ansas, 4, Alaska, Texas and New Agency Organized To Process Mine Loans Continued from page 1 plications for mineral explora- tion assistance had .been denied. As an indication of the newed interest in mining that re- the exploration program has aroused, the assistant secretary observed that 136 of the first 208 approved projects, representing 65.39 per cent of the total number and 39.09 per cent of the total government participation, are being carried on by interests not active in the mining industry last year. Of the remaining 72 approved projects, it was disclosed,' 20 are being carried on by concerns that were active during 1950 in mining operations only, and had no mills, smelters or refineries of their own; 21 are being undertaken by those which last year had small mills with a capacity of 100 tons a day or less; 14 by those with - . Sitbkane Stock Exchange Vermont, 3 each, New Mexico and Wyoming 2 each, and Iowa, Michigan, Oklahoma and Tennessee, 1 each. REGISTERED STOCKS Of the 208 projects, 93 inAsked Bid lead, zinc mill capacity between 100 and volve exploration for . .02 .03. and minor copper, 27 tungsten, Butte High 1000 tons; three by those with 24 .42 .41 12 10 Claytoq copper, strategic mica, 1000 3.45 3.40 Mines each' beryl-mic6 exceeding Day capacity milling antimony, .04 03 tons; and only 14 by large inte- manganese,' mercury, asbestos' Gladstone cobalt-nicke- l, .47 .46 2 3 Grandview grated companies operating and uranium, sulfur, 17.10 16.50 and 1 each fluorspar, co- Hecla their own smelters or refiner.06 .05 Idaho Sil ies. balt, monazite, nickel, .22 steatite talc and Independence . .21 . The approved projects cover .15 Jack Waite d.. .13 a wide range geographically and tin. 1.40 in commodities sought, as well Assistant Secretary Rose Lucky Friday. . 1.32 30 .33 as in the size of individual proj- pointed out that the types of ex- Met M&L .19 ects and of the enterprises in- ploration .work approved cover Metro. B . . ; . . .16 cost charRose A and a Metro. .17 .19 wide, range in volved, Assistant Secretary .12 said. They, are situated in 21 acter of work. They vary from Mineral Mt. !. .. .10 states and in the territory of a small $500 project which in- New Hilarity . .05 .06 ' volves bulldozer trenching for Polaris Alaska. 4.35 4.75 2.35 Geographically, Colorado mica in pegmatite formations Sil Summit .... 2.20 leads in number of projects to a $500,000 project which in- Sunset Min ... .46 .50 mechanized Sunshine with 29, followed by Idaho with cludes large-scal- e 10.50 10.30 ' in , the Sun Con 27, North Carolina with 26, trenching operations .61 .62 Montana with 23, California woods of the Kearsarge lode in United LZ . . . .09 .09. with 15, and Utah with 13. Michigan. Some of the projects Western .05 .04 South Dakota, Washington and are limited to diamond or churn Western B . . . .02 .02 Wisconsin have 11 approved drilling, while others include UNLISTED STOCKS projects each, Nevada has 10,- magnetometer surveys and geoHiil 25.95 . 25.50 Arizona has 6, Missouri 5, Ark- physical means of prospecting. Bunker 4.10 All of the conventional meth- Callahan., .' . . . 3.75 .50 ods of exploration typical of the McGillivray ... .38 . . can 12.50 World New .10.50 be found mining industry 9.00 among the projects under way. Pend Oreille . . 8.40 Defense Act The Production 4.00 Sidney',.:.... 3.65 112.00 ex- Water Power. . 111.25 that New Park 200 at 2.32ft. recognized specifically Oil Securities 600 at 43ft. .03 ploration for new mineral White Water!.. .02 sources lvithin the United States Thursday, Dec. 20, 1951 SALES must be stimulated, and strongSALES December 18, 1951 Tuesday, xlndleatea operating companies. ly implied, that the work should BOARD --Registered Croff 1000 at 22; 500 at 22. SALES Madison Mines 1000 at 24; 1000 at 24. be done; by private enterprise. New Park 100 at 2.42ft; 200 at 2.37ft. Butte High, 5000 at It also recognized that, ecoPrince Consolidated 300 at 10. 10 at 3.00; 40 at 3.00; Rico Argentina Day Mines, 200 at 3.40. nomic conditions during the 100 at 3.05. Royston-100at Oft. past few years have not been Independence, 2000 at Silver King Western 100 at 48. Met B, 1000 at 16. Sliver Shield 1000 .at 2ft; 1000 at 2ft. conducive to adequate mineral 100 500 OU at 500 at IS; 19; Sundance Sun Con, 2000 at 61; 500 at exploration, and that new ore at IB. 61. Untie Central 3000 at 1ft: 1000 at 1ft; deposits are becoming increas2000 at Sidney! 300 at 3.65. Tintle Standard 200 at 1.35; 300 at ingly difficult to find. ; 1J5. INTERSESSION Registered The exploration program. AsUNLISTED 1000 Utah Power and Light 2.29 at .25. at 41; 200 at 43. sistant Clayton, Rose Secretary pointed CUES SALES Idaho Silver, 4000 at is substantially in accord Bonanss 5000 at 4. out, Mammoth 30 at 30. with the principles suggested Western Alloys 1000 at 4ft. by the National Minerals Advis- price he receives, until the govWednesday, Dee. 19, 1951 ory Council on January 29, ernment writes pit its share of SALES Comb. Metals, 500 at 25. 1951. Under it, the government the- cost. If there is a discovery, Croff, 1000 at 22; 500 at 22. .... participates in the cost of an ap- but ho ore is shipped during the Dragon, 100 at 52. 4000 at 1000 at East 20. Independence, 4000 at Met M&L, 15 at 30; 467 at 29. x Metropolitan, 100 at 15. Metrolopitan A, 1500 at Sun Con, 1000 at 62; 3000 at . ... .... ... 16. ...... a, tanta-lum-columb- 60. UNLISTED ite, ..... 9.1. United LZ, 3000 at Western B, 2000 at , ; - ' Water Power, 25 at 111.50. OVER-TIIE-COUNT- MARKETS The following quotations are compiled from information ob- - tained from . various brokers. The securities are neither listed nor admitted for trading privileges on any national securities -- ..... . A,... exchange. Stocks Alpine I Bid ! American Sil .. 01 .14 04 .38 Azurite Big Cr Apex . . Bismarck . . . . ' .04 Caledonia Cal. Con ' .... Chester .03 01 1.48 Asked ' .01 , .16 .08 .40 .06 .04 .02 1.52 i ; I i Salt Lake Stock Exchange Friday, Dee. 21, 1951 US TED STOCKS Big 04 03 ft .09 .02 ft 16 ft Bananza Mining x Bristol Silver xBtUUon (Cardiff Asked Bid . H1U -- Central Std mmmmmm KChitf Con xClayton Silver xCelorado Con. xColli. Rexall xComblned Metals x Comet Coaln. xCommonwealth Lead xCons. Eureka Crescent Eagle Oil jcCraff Crown Point xDragon X. Crown Point 1.25 . 40 02 ft .10 .27 ft .11 04 ft 07 ft -- 09ft 21 05 49 JJ4 j, 01ft Indian Queen .jft Kennebec 09 .20 xKentuekjr-Uta- h Keystone Lakeside Monarch xLeonora xLittle May Madison Mines xMagnelia Lead Mammoth Miller Hill xMiners Oold xMono Kearsarge Moscow Mt. States Dev (Mountain View xHaildHver Mevada Metals xNevada Monarch xNew ' Majestic 01ft ............ ......t.. ........ .............. ............. ...... .......... Ftrk XNiV HfcW Quincy ft 02 24 .22 02 .07 .02 06 ft 02 .71 .01ft .07ft .11 .22 .07 .04 ft .021 .10 .27 .06 .07 .OS .05 .26 .02 ft .03 .00 .12 .25 .02ft .14 .10 .32 . . 07 ft 2.40 .06 1 4 .01ft .sitisiMMit .40 43 .04 .44 .06 5. - . CURB SALES Tuesday, Dee. 18, 1951 SALES 500 - xUtah-Wy- o. 2000 at . 10,000 at 20, 5000 at 20. Piochs Bristol 1000 at Oft, 1000 at 8. Prince Con. 500 at 10ft. Rice Argentine 200 at 3.00. Tintle Standard 200 at 1J5. Western Alloys 4000 at 4ft, 1000 at 20, City Con. 10,000 at CUEB SALES Eureka Standard, 500 at 20. North Standard, 2000 at lft. Royston 500 at 5. SUver Standard, 10,000 at 3ft; Tlntie Standard, UNLISTED xAmalg. Bug. Pfd on c 1.35 01ft at 50 Zuma ... 500 Croff 1000 . at 22. Crescent Earle 0111000 at 10. Orand Deposit 1000 at 3. Madison Mines 250 st 23. Mountain States Development 300 at S, 3000 at 6. NeV Majestic 1000 at 7. North Standard 3000 at lft, 7000 at lft. Park too Chief Victor Con. Eureka Con. 1.35. Bug. Com. Bug. Pfd. Con. OU at 29, at 7 ft. Combined Metals 23lta Sioux Mines So, Iron Blossom So. Standard xSundance Oil Swansea Con Tar Baby Utah Con. xUteh Id. xUtah Id. at 20; Rico Argentine, 100 at 3.00. Tintle Lead, 2000 at 12 cents. Tintle standard, 400 at 1.35. 4ft.' Tintle Central Tlntie Lead eoBaa-xTlntlStandard r 20; 500 SUver X. Western, 100 at 50. Prosper Mng mim. xRlco Argentine xRoyston .Coal'n xSilrer King Coal's acSilver King West. xSllrtr Shield Union 2ft; Standard, Oft; 2000 at2ft; 3000 at 2ft., Little Msy, 1000 at Oft. Madison Mines, 500 at 24; 500 at 24. Magnolia Lead, 1000 at 7; 2000 at 7. Mono Kearsarge, 1000 at 8. North Standard, 2000 at 1ft; 1000 at . xSllrer Standard 1.32 ft; 200 02ft at xUtah Firs Clay xUtah PAL Com xZJCMI , xlndleates operating 9.50 18.00 29.00 74.00 companies. 9.90 19.50 29.75 76.00 SALES Bonanza 1000 at 4 ft. Crescent Eagle Oil 1000 at 10. Croff 500 at 22, 100 at 22. Orand Deposit 1000 st 3. Leonora 2000 at 5, 1000 at 8. Madison Mines 500 st 24, 500 st 21. OU Securities 300 at 43. 100 43. proved project by contributing 50, 75 or 90 per cent of the money, depending upon the commodity sought: The varia tion in government participation, hie explained, was decided upon because (1) some metals and minerals are more urgently needed than others for national defense, (2) some are more difficult than others to find in significant. volume, and' (3) some cannot be mined profitably in this country in normal . times. Commodities for which the government will contribute 50, per cent toward the cost of exploring are ;bauxite, chromium, copper, fluorspar, halloysite (strategic grade), iron ore, lead, molybdenum, sulfur and zinc (and cadmium). Those on the 75 per cent government participation list are antimony, manganese, mercury and tungsten. Those on the 90 per cent government participation list are asbestos .03. (spinning beryl, cobalt, STOCKS Monday, Dec. 17, 1951 .01ft 21. 1. .06ft .08 .02ft jon .02ft .74 : .02 ft 2. - .02ft .05 .02ft 1'p'ark C. Con., 2000 et M 1509 at 20. .07 Prosper, 1000 at 1ft. .30 J4 07 .hhimm .14 .05 . .03 .Ooft 2 xNcrtb Uly XNSi 8tllraftl4 msm4 Oil' Securities mmmsssi Park Bingham xPark City Con Park Konold Park Kelson tows Park Premier xPark Utah mimmosssi ' Bristol pleche xPlumbie Mines Plutus itMlllMlltMi Prince Coni .04ft .10 .03 .20 .02 1.60 .42 .03 .14 .29 M ft .......... .02 .05 .............. 25 ft 06 xEureka Lilly Con. ..... B7 02ft Bureka Mines xEureka Standard oift Oold Chain . ........... xQrand Deposit Great Western xHorn Silver ............ J xHowell Bast Standard E. Tin. Coaln. Bast Utah xEmplrt Mines Eureka Bullion .06 . . grade), n columbium-ta- talum, corundum,, cryolite, in dustrial' diamonds, kyanite (strategic), mica (strategic), monazite1 and rare earth ores, nickel, platinum group metals, ), quartz crystals talc (steatite), tin and uranium. 02 In the exploration program, the assistant secretary ex UNLISTED STOCKS Prince Con. 1000 at 10ft. plained, the government is play. . . 9.50 XAmalg. Bug. Pfd Rico Argentine 10 at 2.97ft. 26 at xUtah Fire City ing a role akin to that of the 2.95, 100 at 2.95. 29.25 xUtah PAL Com Royston 1000 at 4ft, 74.00 XZCMI Silver Standard 1000 at 3ft, 900 at 4. grubstakers in the early West, xlndlcatei operating companies. Sundance Oil 250 at 19. but more generously. It expects SALES Tintle Standard 200 at 1.35. to get back its money, without Con. Oil 200 at 38. Central Standard, 1000 at 2ft; 2000 at WUbert 2000 at 4ft. interest, from projects that reCURB SALES Colorado. 2000 at 2ft. Croff 500 at 22. sult in significant discoveries, East Standard, 1000 at 2ft; 3000 at Magnolia Lead 1000 at 7. 2ft. that one. is shipped provided Madison Minea 500 at 23ft, 1000 at Grand Deposit, 1000 at 3. 24. Horn Silver, 500 at 10; 500 at 10. from them during the 10 years North Lily 1000 at 39. Leonora, 237 at 5ft. Mt. States Development, 2000 at 6ft; OU Securities 100 at 43. following signing of the contract 4000 at 6ft. Silver Shield 10,000 at 2ft. with the prospector or comNew Quincy, 1000 at 4ft. Sliver Standard 1000 at 3 ft. Oil Securities, 200 at 44; 400 at 43ft. Lead 500 at 12. Tintle pany. If ore is produced and Rico Argentine, 200 at 3.00. Royiton, 2000 at 4ft. shipped during that period, the Silver Shield, 1000 at 2ft;. 645 at 2. In the elevator the other day, applicant pays the government Sundance Oil, 600 at IB. Untie Standard, 100 at 1.35. Weatern Alloys, 1000 at 4ft: 2000 at one girl told another, "Its all a percentage royalty on the net a case of mind over matter if smelter returns or other net 4ft; 2000 at 4ft. Wilbert, 1000 at 3ft. to 4000 Commonwealth Lead at 3. you dont mind, It doesnt proceeds, ranging from 1 Con Eureka 1000 at 7ft. 5 per cent, depending upon the Madison 000 at 24ft. xWeitern Alloya West Toledo Wilbert xYankee Con Zuma ........... 04 ft Utah-Wyomi- ng . . (piezo-electric- period, - the. governments claim expires. Unlike the early' grubstaker, who' expected and got a substantial profit 1.60 from successful ventures, the Sheep Creek . . 1.56 government expects no profit unless federal taxes paid as the result of profitable operations can be so considered. Designation of Mr. Mittendorf as IMEA acting administrator assures continuity in the program, as he has been intimately connected with it since its inception, Assistant Secretary Rose declared. While attributing much of the success of the exploration program to the untiring efforts of Mr. Bittendorf and his associates in the' Washington office,' Assistant Secretary Rose also expressed enthusiastic appre elation for the work done by the field teams, made up of GeoloThe furnished by 3. A. quotation gical Survey and Bureau of Hogle A Company, 133 South Main St., Lake City, Utah. Mines personnel, who check on Salt AR American 8meltlns $48ft A Anaconda Copper proposed proposed projects oh HM soft Homestake Mining 34 In the spot. this connection, he N International Nickel 42 , PD Phelps Dodge 77 ft noted that important factors in KN Kennecott Copper 86ft the consideration of a proposed UTP Utah Power A Light.,.. 39ft project are the strategic im Stocks ; portance of the metal or mineral These quotation! furnished by Merril involved, the geological prob- Lynch, Pearce, Penner A Beane, 33 Eest 8 Second Lake Salt South City, Utah. ability of manpower, supplies Bid Askev. 9.50 $ Pfd...t Amalgamated Sugar. and equipment, the availability First Bee. 24.25 Corp. Class A. 23.25 of water and power, and the Mountain Fuel 19.50 20. Ou Utah Fire Clay 18.00 19.5b operating experience and back- Utah OU Refining 25.50 26.50 Bouthern Oil Utah 13.12 ft 13.75 ground of the applicant. ZCMI 74.00 76.0(1 10-ye- ar . - Eastern Stocks - Industrial ! - - 9.9-- j . H. E. HAVENOR & CO. 529 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH MEMBER SALT LAKE STOCK EXCHANGE FURNISHED ON UTAH COMPANIES EXECUTED ON ALL EXCHANGES INFORMATION ORDERS Telephone 57 -- J. A. HOGLE & CO. Members Salt UIndpstsiwNew Ymfc Sleek Exchanges WK SFECIAIIZI M MININO STOCKS Imim Mode an Ikied Minins SocvrHiee KEISEItLDO. IK MAIN SI. . IWAIIST. Sad lake fpekeno V . |