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Show OF U LIBRARY. METAL PRICES COT 1 Lead (per lb.) . ; . . . .19c Gold (per oz.).. .$34.9125 fr .V 24.2c Copper Zinc (per lb.) . . . . . 19.5c Silver, (per oz.) new mined. .... 90.16c - Features Mining, Oil, Financial December, 1951 mWui sot LISTED STOCKS Bononza' Mining 1b tkli iktel li ierlvei .. ; . Comb. Metals xComet Coalii Lead xCommonwlth ' xCons. Eureka Cresent Eagle Oil xCroff Crown Point xDragon E. Crown Point East Standard East Utah xEmpire 'Mines xEureka Lilly Con. xEureka Standard . Gold Chain V. . .................. .... .......... ......... xGrandDep'.. Great .Western xHorn Silver ...... ..j ..... ............i... lueen .............. xHoWel Indian xKentui Keysto: y-Ut- ah Lakes! xLeorior; Little May Ma&amLMines xMagnoha Lead Mammoth xMiners Gold rcrultl (rw mrtH (iHMtttli tat kilimi U ta correct. .............. xBristol Silver xCardiif Central Std xClayton Silver xColorado Con. One Year $2.50 Salt Lake City, January 11, 1952 VOL 23, NO. 2 Tki tatinHttn - . . ............ .04 .09 .22 .02 45 02 .29 .11 .05 07 .10 .22 .05 .54 .04 .02 .27 .05 .07 .20 02 .03 .08 .12 .23 .01 10 .29 .01 .05 .02 .27 .07 Metal Market Unsettled as Demand Gains u relUfcU, Lead consumers felt encour- .11 .04 .07 .10 .20 .05 .50 .04 .02 ,24 .04 .07 .20 .02 .02 .07 .10 .23 .01 .10 .29 .01 .04 .02 .23 .07 . 1200 84000 .11 one-ha- .04 .07 25000 .10 24100 24100 4000 3500 2000 129500 22900 6600 8415 500 .21 ,05 .54 .04 .02 .24 .04 .07 .20 .02 .03 .07 .12 .23 2000 , aged over the trend of prices in the foreign premium market for the metal, according to E. &. M. J. Metal & Mineral Markets. lf Mexican lead went off cent a pound, with1 buyers shy. Consumers here will obtain more lead during January than in either of the two preceding ' 53700 7000 15200 1300 7000 1000 1700 11000 53237 61000 30070 11833 months. xRoyston Coal n xSilver King West xSilver Shield ... .01 .10 .29 xUtah-Wy- o. 1.30 - .35- .04 .04 .04 .04 .02 .02 H . Total Shares Traded 1,325,378 X Indicates operating companies .07 .01 .01 .11 . 05 Zuma .07 .10 ..17 .02 .40 ............. .. Wilbert.., xYankee Con. .............. West Toledo .02 .02 . Con. Oil xWestem Alloys .01 .05 .02 4000 .06 . ............. .......... ......... ...... .01 Swasea Con. ..... Tintic Central .............. .02 .13 Tintic Lead ............ 1.37 xTintic Standard...?.... 30 .07 .50 .03 .04 .02 ' . 11 .21 Silver Standard Sioux Mifies . . So. Standard xS undance Oil Co; Union Chief .04 .46 .02 .02 .05 .03 .02 .02 - 18975 4900 31845 259935 2000 4125 11250 4000 16938 22675 15270 2000 2900 15500 : 4000 12000 2000 1000 Dollar Value . . - Zinc, in the' foreign premium market also was unsettled. Cop- -. .04 .47 ,02 .03 .02 .11 .18 .01 .02 .12 1.35 .02 .38 .04 .04 .03 .02 .02 per showed no change. Tin trad' ers look for an early settlement of the pricing dispute. at High Level countries for the first quarter of 1952. The United States, share in the period will be 366,000 tons. Except that the jicon points to s moderate "gain iir-- the supply, the higher figure carries little or no weight marketwise. In reference. to foreign copper, the , word allocation, means no more than presenting "to . the .$143,009.44 buyer a license to purchase the ' . Jan.-Mar- . through in volume shortly. Sales booked so far for January metal total around 14,000 - . , non-ferro- us ' . 1 . . 20-lS-f- bJFJ'SJ E) 9i54feei Crewcpreirtog;totor - te pre-Kore- an topper pnnecott been gold. Corp hw Sout-- usage. George. Mid Producers of civilian item3 of in Loues copper gold run casing. division comptroller, ac- - a more functional nature will ter, attribut-jcording were to Rosemary Lloyd No. 1 (Roos- - production value P; Caulfield, gen- to 35 por cent of evelt . Stepout Well ; located in ed to labor strikes which also erai manager, Utah. Copper Di-N- receive up by j . lhetal. "Sales of copper in the domes tic market ..for .December .shipment to fabricators now total 106,807 tons. Allocations for January copper will come A substantial increase in value of metals produced during mines operating in As the nation enters the period Drilling activity continued at the past year was recorded by informati6ri released this week of greatesrstr'ngency in raw to brisk rate, during the week the state of Utah; according material supply expected' to In Utahs Basin Area despite hy the United Staes Bureau of come in the first half of next heavy weather, conditions,-ac-Mines- . yrar, the National Production cording to information received Total value of the five metals to Authority has told consumer from the Roosevelt Standani at listed in the "report ipcreased durable goods producers how Roosevelt, Utah, .one of the $1.84, 847, 297, compared with a growing shortages, may be ex states hot oil regions. Asum- - comparable coriiplilation for pected. to affect their producj 1950, of $159,415,431. This remary. of operations follows: tion in the first quarter. No. 1 (located I Beets a percentage increase of nte Tribal Producers of less essential civilian items such as toys and from Chief Mine Ac 9 per cent lighters will receive A core between of to- - dgaret coantan, portion 10 per cent of their 9900-5- 7 ft. recovered 32feet. zinc and losses of 2 per cent f pr Ipervisory plant accountant for only usage of copper and 20 Ran Schlumberger; total depth copper and a loss of .5 per cent the Utah Copper division of per. cent of their aluminum I ch 1 Allocations ; . COPPER The International Materials allocated Conference has 744,680 tons of copper to 41 Utah Metal Mines Boost Shortage pf Metals Cuts 1951 Production During ' Utah Oil . W tons. Domestic quotations continued on the basis of 24 cents, Valley. Foreign business at the producers level was noted at 27 cents, f.a.s. equivalent. LEAD Foreign premium pirices continued to ease on reduced purchases. The leading Mexican producer now quotes 20 c. per pound, for January , shipment metal, f.a.s. Gulf ports, which compares with 21c. in the preceding week. Under OPS regulations, consumers in this country are prevented from purchasing lead at higher, than 19c. Domestic sales for the week amounted to 4488 has been moving more freely in this"market. Allocations by NPA for next month point to domestic deliveries of around 40,000 tons. Some stockpile metal is in- -, eluded in the total. In a summary of the lead situation Andrew Fletcher, president of St. Joseph Lead Co., said: Ttye Government is exhorting producers for greater tons.-Scra- p base period use of copper Crews were instrumental in holding I vision. Mr. Watsoris new ap heiraluminum. and cleaned out to 9330 feet, rondi- metaI tocrea, to lower Pototaent wM effdive Jan. 1, Steel allotments will average tioned mud. Drilled to .9330, and he will have direct super- about' 50 per cent of base for vision over .the accounting at most mud, became" very , highly cut gain percentages. producers.' The ' West Mountain district with oil from formation. Drilled e mines, mills, refinery, and IiV spite of the low level of cement plug and cleaned out to (Bingham) contributed $168,- the Garfield Water and he allotment, National Produc-io- n old total depth of .9677 feet. of the states total pro-- 1 provement companies Administrator Manly Crews are preparing to core. st was Mr Park with the with iTeischmann City ?f01l said, Ute Tribal No. 3 (Roosevelt duction value, .on June lr strict conservation Utah cd Copper by efficient and as a . payroll clerk at the use of the available materials, Stepout well located in SE NE, recording $9,712,736, Tintic j!..Continued oh Page 4 Road complete, trict $4,500,000 and the remain- Magna plant He continued in Sec. should be able to meet ndustry Digging reserve pit and waiting fog districts $2,251,258. The this position until 1917 when he all essential needs of American of copper resulted enlisted in the U. S. Army and consumers during the 'next six EmploymentRises in Iron Willis Moon No. 1 (Duchesne production' a commissioned of- - months. made was f Wildcat No. 2, located in SE SE, 'to the leading figure uf $133,te departtoent. The allotments reflect NPAs And Steel Foundries of to 018,200.' the Sec. Total depth Department Returning decision not to ban the producWASHINGTON, D. C. New Increases in base metal pric- - Mills after he was discharged in tion of certain civilian items 1052. Crews repairing rig. business has resulted in defense Duchesne Ute Tribal No. 2, e effected during the year 1919, he warf advanced to chief outright, but to allow, for the substantial increases in employwere an important factor in clerk at the Department of Mills (located in SE NW Sec. of these items even ment in iron and steel foundries production nm. was named he metal states then in 1922, Ran Schlumberger to boosting the 4W) at a very low level until more and-themployment trend is. values. duction chief mine accountant in 1924, aluminum avail8002 feet, prilling at 8126 feet. is and still steely upward, the U., which capacity he has continued able. tools. on rotary Waiting Departments Bureau of Emnew appointment... 5 feet, open 3 hours, until, his ..Willowcrook No. 1 (Wildcat By the third quarter of 1952, ployment Security reported to Mr. Fleischmann said, the Secretary of Labor Maurice J. well located in NE SW. Sec 21 had gas to the surface in 2 hours test at blow at end of test. Recovered A drill-steshortage of these metals will Tobin. initial! a 10 with Both industry and govern2 good minutes, begin to ease up. feet, open 5 hours, weak a to ment are justifiably'concerned very had gas to the surface in 2 hours blow, decreasing JulnMnAtipi ShnrtnnP mud. lYUJIipUWCI about it is manpower problems likewith a good blow throughout; 90 feet of slightly gas-cfinding production goals, Crews are coring at 8917 feet. WASHINGTON, D. C. The increasingly difficult to recruit ly to develop in foundries in the recovered 443 feet of gas-cmobil2 mud. A core betwen Canyon - Government. No. 1 metal mining industry faces a additional workers a situation current period of partial The said. lothe report shortage of workers, the U. S likely to continue, the bureau ization; of iron feet, recovered 51 feet; a core (Jack Canyon wildcat well, foundand steel S Sec. states, because of limited labor staffing 2 feet recov- - cated in Labor Departments Bureau between most serious of the one was ries communities in mining Total depth 2285 feet. Labor Statistics reports, supply ered 100 feet, and a core be- - 14E) its and sex. and age restrictions on and persistent manpower, prob5 tween feet, recovered Crews ntoving in and rigging I The industry, expanding lems during World War II. test at up new draw works and motors. output, of metal to meet defense mining employment. 70 feet. A drill-steSW Sec. 24-1S-1- I E) , " - I Im-382,8- 03 - eJn' - . 28-lS-l- E) : 13-4S-4- 16-4- S- ' 1 . r 8622-875- 11S-21- I m E) I . 1 8300-854- kip.n Mnpc Fnre I luyc I ut I ut 1 8491-854- . SW-NE- , 8582-868- 8683-875- m 13-12- |