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Show OF U CITY I U ' LIBRARY METAL PRICES ltt? Lead (per lb.) Gold (per oz.) $34.9 lJj 24.2c Copper 15c Zinc (per lb.) Silver (per oz.) 82.73c new mined A 9 Features Mining, Oil, Financial Salt Late City, July VOL. 23, NO. 29 One Year 82.50 18, 1932 Negotiations Modernization Program Pushed By Anaconda Change In Continue For Mine, Lease Laws Proposed Wage Deal BINGHAM CANYON, Utah in the Substantial joint negotiating committee representing five unions, whose members are employed at the A. Kennecott Copper Corporation, Utah Copper Division, ended another meeting with the company with no progress made and without extending the contract which expired June 30, midnight. There are now about 4000 employes working at the various Kennecott properties without a contract. S. L. Johnson, federal mediation commissioner at Salt Lake; City, who has been conducting the negotiations, said another meeting will be held next Mon-- . day at 10 a.m. in an effort to reach some kind of settlement! One bay of the American Brass Companys new tube mill at Kenosha, WlsH showing on all issues. It was reported at are unions draw benches and annealing furnaces. American Bass sheet wire, rod and tube go into nearly that the seeking 25 hour cents per least' wage all phases of American industry and American life from autos to zippers and from hot wa-increases and other improved construction and improvement ter taiks to army tawfai. As a part of Anacondas post-wa- r conditions. Although modernization is an extensive in working program. engaged program, the brass company the unions are now carrying on without a contract, there was.no immediate indication ofSlK1Shll1G SnOWS a work stoppage. Unions involved include the International Union of Mine Mill add Smelter Workers, American Brass Company, subsidiary of Anaconda Copper International Association of Sunshine Companys Mining Mining Company, is projecting an extensive modernization proOperating EngiMachinists, followed month last at its various plants, according to Information released neers and the Brotherhood of production ' the usual seasonal pattern, gram Locomotive Firemen and Anaconda in the annual report to stockholders. by dropping nearly 5000 tons from The fabricating facility has 18,726 tons in May to 13,997 been a wholly-ownetons in June. April output was subsidiary for of Anaconda since 1922. Since 18,685 tons and the average the first three months of the that time it has expanded steadyear was about 20,500 tons. ily. and furnishes the principal The decline is attributed to outlet for copper and zinc the normal seasonal loss of emby company mines. ployes to outdoor employment, this year probably aggravated i i.r the primary lahrication ELY, Nev. Appointment of somewhat strike of a the fear '.f opper and copper alloys, the John C. Kinnear Sr. as the at the end byof the American Brass Company operUnited States representative to d committee year. the ates six integrated brass mills An official said that condiof the international materials located at Ansonia, Waterbury now conference was announced re- tions were fairly stabilized outin increase some' and Torrington, Connecticut; cently by Henry H. Fowler, de- and that be possible in July. might put administrator. Buffalo, New York; Detroit, fense production figures Sunshines production Davis Mr. Kinnear succeeds Michigan, and Kenosha, WisconT. Marvel, Who, in addition to include tonnage from neighborsin. A subsidiary, Anaconda his IMC duties, served as dep- ing properties which Sunshine Ameican Brass Ltd., operates a under uty assistant administrator of mines similar plant at New Toronto, the national production Author- agreements. buminerals Canada. and metal itys return will reaus Mr. Marvel Each plant has its own castto private industry. ing shop for melting the copper Mr. Kinnear, former vice per base alloys, which it makes pesident and director of the into sheets, wires, rod3, tubes Kennecott Copper Corporation, or shapes. Copper castings, will continue in his post as asknown as refinery shapes, are A quarterly dividend of 25 sistant to the director of the shipped to the brass mills from Office of Defense Mobilization cents per common share was dethe copper refineries. The Brass for metals and minerals. He clared by Heyden Chemical CorCompany produces over 200 difalso .will serve as chief adviser poration directors today payable ferent alloys, many at the rate to DPA Administrator Fowler Sept. 2 to holders of record on of millions of pounds each year. on all copper matters, domestic Aug. 8. On June 2 Heyden paid American Brass sheet, wire, aiid foreign, as they affect the a dividend of 25 cents per comrod and tube go into nearly all mon share and on March 5, a defense production programs. phases of American industry Born in Scotland in 1885, Mr. dividend of 25 cents, bringing 75 American life, from autos and 1952 to In came to United the Kinnear total payment to common share. zippers, and from hot water States at the age of five. He cents tper to army tanks.1 The list 1951 tanks received his bachelor of science During the like period in Brass of Company products indegree in mining and metallur- Heyden Chemical Corporation cludes thousands of items used gy from Massachusetts Insti- paid a dividend of 25 cents per in industry and in consumer tute of Technology in 1907. He common share. In the manufacture declared the also in products. three Directors today gold years spent of Ne87 such brass of of southern dividend a quarterly products there can mining camps no Cube cent vada. cents on the 3 per compromise with the Semaintenance of product qualIn 1910 he became affiliated mulative Preferred Stock, As research and engineerity. with the Nevada Consolidated ries A, of the corporation paynew products and of 2 which holders to later develop ing able Copper Company, September became the Nevada mines divi- record on Aug. 8. improved methods, advances in mill equipment must follow. To sion of Kennecott. His last poHeyden directors also deuse these new engineering ideas sition with Kennecott was vice clared a quarterly dividend of and to counter rising costs with president in charge of opera- $1.09 8 on the $4 8 Conver-tbl- e economies, the American Brass tions in the United States and Second Preferred stock, South America. He returned payable Sept 2 to holders of recCompany is engaged in an extensive modernization program. Dec. 31, 1951. ord on Aug. 8. i I ; 100-fo- I ot : i Decrease In Production En-ginem- Metal Fabricating Mills Improve Output Facilities en. Kinnear d Named As -- produced Representative labor-contra- ct copper-zinolea- profit-sharin- g Heyden Chemical Directors Set Dividend Payment 3-- 3-- changes present mining laws and of an alternative easing system have been recommended as a means of stimulating production of metals by the president's material policy commission in its recent Rereport entitled sources for Freedom. Present laws, the commission, known as the Paley commission, found, cause many difficulties for both industry and government. It recognized that the mining industry has opposed changes on the grounds that it might open the door to excessive government interference, but held that the risks of making a change are much smaller than the rWks of standing pat. The present system of claim location and patenting should be modified, the commission recommended, to include the following features as added stimulus to mineral discovery. All unpatented claims, adequately described, should be recorded in the department of interior and that department should prepare and make available accurate plats for the guidance of prospectors. Failure to record an existing claim within three years of enactment of the amendment should constitute abandonment. New rlgfma should be deemed invalid until recorded. Future claims and patents should be limited to the mineral deposits thereon and to only such surface rights as are needed for mining purposes. No extra-laterrights should be acquired with future claims and patents. The annual requirement for of unpatented improvement claims should be inreased to $250. A three-yea- r carryover for any excess should be permitted, Continued on Page 2 five-volu- me al Silver Dollar Directors of Silver Dollar Mining Company, at a meeting in Spokane last Monday, authorized payment of a dividend on the company's Class A stock and a dividend on the Class B. The disbursement, totaling $54,376, will be made on Aug. 15 to stodkholders of record July 25. It is the companys second dividend of this year, the first, for the same amount, having been paid on April 15. In 1951 four similar payments totaling $216,563 were made. The firms total dividend will be increased to $853,494 when the current declaration is paid. Silver Dollars .income is derived from its d interest in the Rotbart area of the Sunshine mine. Its property in the silver belt adjoining Sunshine on the east is held under long-terleases from Lincoln Mining Company and the Hayden Hill Consolidated Mining nt 3.3-ce- nt one-thir- m Company. BUSINESS OPPORTUNITIES WANTED Intelligent man to help sponsor unique business project D. Ornsteen, 1609 S. Adams, Peoria, 111. |