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Show August 1, 1952 The Western Mineral Surrey, Salt Lake City, Utah Nevada Gamblers 52 Sees End Financial Report Of Operation NEW YORK Have Plenty Time, Inc., New Tungsten To Assessment for the first six montlis of Demand for American silver earned net profits, after taxes, dollars is up and there is of $4,215,600, or $2.16 per share, Mill. Slated dence that these coins, the only Work Changes Legal Notice -- 1952 evi- hard money and the best money in circulation in the United States today, are being hoarded by those who fear the growing power of money inflation, according' to a writer in the Denver Post. Denver alone has been buying about $100,000 in silver dollars each month from the Denver mint, but none of them ever show up in change. In 1951, Denver used $875,000 in silver dollars as against $550,000 in compared with $3,263,100 or $1.67 the assessment per share in the first half of year has drawn to a close, nu- 1951, Roy E. Larsen, president, merous questions arise regardsemitold stockholders ing the requirements for annual annual statement in the today. labor or unpatented mining claims. Many persons are inRevenues from subscriptions, quiring about requirements for news stand sales, advertising, this year, while others with a book sales, and film rentals and historical record of the suspensales, which, in keeping with sions and extensions granted. Time, Inc., practice- are less Now- that - - The following record was compiled by the Arizona Small Mine Operators Association covering the assessment years ending July 1, 1939, to date. 1950. For the year ending July 1: Butte, Mjont., seems to be 1939 Assessment work required Aueument work required about the biggest consumer of 1940 1941 Aueument work required 1942 Assesment wok impended silver dollars, according to of Notice of Intention of Hinton, Filing supervisor Hartley to Hold was required. Susthe money department for the Denver office of the Federal pension limited to 6 lode claims for an individual, 12 Heland Reserve Barik. Butte lode claims for an associasilena draw about. $1,500,000 in tion, corporation or partver dollars a year. nership. No limitation on The Post writer says governnumber of placer claims. ment wont speculate that fear 1943 Aueument work impended of printing press money is Filing of Notice of Intention silto for demand Hold was required. touching off the 1944 Same U 1943 is All that 1945 ver coins. they say Same ai 1943 1946 Same ai 1943 they are put into circulation at 1947 1948 1949 a fast pace, then vanish Same ai 1943 . . . Aueument Same ai 1943 work impended Work aready done could be applied to following year. Filing of Notice of Intention to Hold Without Assessment Woifk was required. Discovery Of Tungsten Makes Town Time for, performing assessment work extended to Oc- tober I960 TUNGSTEN, N. C. Two gold mines forced to turn their talents to a search for other precious minerals made .a strike here 10 years ago that started the nations second largest mines and tungsten-producincreated this town. Richard and Joseph Hammej werent aware that nearly 40 years before the state geologist, Joseph Pratt, had noted the presence of tungsten-bearin- g rock in the area. They were searching for manganese and sheet mica when they discovered an outcropping of rock flecked with brownish-blac- k crystals they could not identify. Their younger brother, John, . g studying metallurgy at the University of Utah, the state ge- ologist, and Jaspier L. Stuckey, told them what they had found. Their turigsen strike is about mine miles long and three miles wide and two operating shafts now are producing rich tungsten,bearing concentrates at the rate of 400 tons a day. World War II was responsible indirectly for the find. The federal government wasnt encouraging gold mining in 1942. W. Lunsford Long, vice pres- ident of Haile Mines, Inc., suggested to the brothers that they :iook around for minerals which would be in high wartime de-iman- d. The tungsten strike filled the hill exactly, because the war 1991 1952 1, 1950. Aueument work commissions and discounts on all such transactions, totaled $78,377,000 against $70,599,900 in the first six months of 1951. Production, distribution, selling, editorial and general - expenses of the company, publishers of Time, Life, Fortune, House & Home, Architectural Forum, the Magazine of Building, and producers of the March of. Time movie and television productions, aggregated $70,961,-10against $64,362,800 in the like 1951 period. Operating profits of $7,415,900 compared with $6,237,100 in the first half of 1951. 0, Mine Safety Act To Be Enforced required Director John J. Forbes today Aueument work required No action toward either suspension notified the Region IV office of aueument work, or to extend time for doing It, or for filing record. Special relief was granted to members of the armed services in 1940 and this relief is still in effect Under the Soldiers and Sailors Civil Relief Act o October 17, 1950 (54 Stat. 1178), a person in the armed services is pr otected from forfeiture of a mining claim because of failure to perform assessment, work. Su,ch a claimant, however, must give notice of his military service, on General Land Office to the land office Form district in which his for the claim is situated, or, if there is no district land office in the state, to the General Land Office, Washingon, D.C., in order to obtain the relei eetxenfdd to obtain the relief extended by the act. The claims in question must have been located before the applicant for relief entered military service. had cut off foreign supplies of the critical mineral. It is used in making cutting tools, radios, radar, jet engines and in atom bombs. The Hammes processed 700 tons of ore from September, 1942, to August, 1943. By then the government had become interested and called for increased production. The brothers turned the work ove to a mining firm and in the past nine yeas concentrates containing more than 4,500,000 pounds of pure tungsten have been produced. 5, here that the Bureau of Mines would begin immediately to carry out the provisions of the new Federal Coal Mine Safety Act without waiting for additional fund and personnel authorized in the law. The new Act, signed Wednesday by President Truman, is intended primarily to prevent major disasters in coal mines, such as explosions, fires, flooding and man-triacciand man-hoidents in which five or more men are killed at one time. It does not cover accidents from roof and rock falls, haulage and transportation operations other and than man-trip- s and other miscellaneous accidents tha,t occur regularly in coal mines. p st man-hoist- s, Baltimore Camas Mines, Inc., of Boise expects to have its new tungsten mill at Ely, Nev., in operation within 30 days, President G. P. Williams reported tliis week. n Tlie concentrating plant which the company moved from its Hailey, Ida., property is scheduled to make its first run August 15, he said. It is being equipped with all modern facilities for efficient and economical recovery of tungsten from scheelite ores and will be operated under me direction of a metallurgist. Continuous capacity operation of the new plant seems assured, he stated. Within the past 18 months new exploration and development has disclosed a score or more of tungsten mines and prospects in the district, making available a substantial tonnage of good milling grade tungto 1 per sten ranging from cent to spectacular high grade. The company has already been offered custom ores aggregating 200 to 300 tons daily, he stated. Meanwhile the company has been making rapid development progress at its Shafer mine near Cherry Creek, Nevada, and at its Apex Tungsten property in Juab County, Utah. The Shafer mine, Williams said, has yielded substantial tonnages averagper cent ing better than 1 ton. tungsten per The company has direct royalty leases on four properties in the Ely district and expects to maintain a production schedule of about 70 tons, leaving about 30 tons daily available for custom milling. Plans are to increase milling capacity if developments justify it The new mill will fill a vital need in the area, Williams pointed out Eastern Nevada has been a producer of ttingsten for may years, but development of the area has been retarded by lack of efficient concentrating facilities. Combined Metals Reduction Company, one of the larger concerns operating in eastern Nevada, also has plans to operate a tungsten mill at Caseltoh, Williams said. 100-to- , ASSESSMENT NOTICE Company, Tin Untie Outpost Mining 829 South principal place of builneu Tenth Sait Strict, Salt Lake City 2, Utah. Notice fa hanby given that at a moot- ing of the Board of Director! of the Tintic Outpost Mining Company, hold on the 3rd day of July. 1952, an61 aueumont P or 1000 of one mill per snare, or harea. was levied on all outstanding tock of the company payable lmmedlato- Q. B. Calderwood, Secretary, at of the Company. 825 South Tenth East Street, Salt Lake City 2, Utah. Any stock upon which the aueument may remain unpaid on the 5th day of August. 1952. will bo delinquent, and advertised for sale at public auction, payment Is made before so and ""is parcel of stock as many shares of each be sold on the 2nd may bo necessary will at the office day of September. 8251952, South Tenth East of the company, Street. Salt Lake City 2, Utah, at tha hour of 1 p m. to pay the delinquent assessment thereon, together with the cost id advertising and expense of sale. Sto O. B. Calderwood. Secretary Tintlc Outpost Mining Company. 828 South Tenth East Street Salt Lake City 2, Utah. well-know-n ASSESSMENT NOTICE OOLDEN CENTURY INDUSTRIES, INC., 413 Darling Building, Salt Lake City 1. Utah. Notice if hereby given that at a meetof Directors held on ing of the Board the 10th day of July. 1952, an assessment of two cents (2c) per snare was levied upon the capital stock of the corporation, payable Immediately to Golden Century Industries. Inc., 413 Darling Building, Salt Lake City 1, Utah. Any shares upon which this assessment may remain unpaid on the 15fh day of Auugst, 1952, will be delinquent and advertised for sale at public auction to bs sold In the Companys office, and unless payment is made before, will be sold on the 15th day of September, 1952, at 3 oclock p.m. to pay the delinquent assessment. together with costs of advertising and expenses of sale. K. L. STOKER, President 413 Darling Building, Salt Lake City 1. Utah. . DELINQUENT NOTICE TAR BABY MINING COMPANY, principal place of business, 529 Newhouse Building, Salt Lake City 1, Utah. Notice la hereby given that there are delinquent upon the following described stock on account of Assssmcnt No. 48 of one cent (lc) per share, levied on the 7th day of June; 1952, the several amounts set opposite the names of the respective shareholders as follows: Name Cert. No. Shares Amt. 150 81.50 2042 Jesse T. Badger 3083 Miss Christine U. Boles 500 5.00 3408 Miss Christine U. Boles 2,000 20.00 3302 Anthony Cacollce- 5,000 60.00 3198 Lawrence Cacollce 5,000 50.00 3297 Josephine Calabro 3,500 35.00 2487 Gerard Carmell 300 3.00 3480 Carla B. Case 1,000 10.00 250 2.50 3585 Jullen Chrlschllles 3299 Mrs. Antonio Coletta ....1,000 10.00 3475 Lucia Coletta 1,000 10.00 3121 Michael R. Coxsa .3,000 30.00 3087 Antonio DeLucla 2,000 20.00 3093 Antonio DeLucla 1.000 10.00 3094 Antonio DeLucla 1,000 10.00 3095 Antonio DeLucla 1,000 10.00 3097 Samuel DeLucla 1,000 10.00 3098 Samuel DeLucia 1,000 10.00 3294 Samuel DeLucla 1,080 10.00 3295 Samuel DeLucla 1,000 10.00 3296 Samuel DeLucla 1,000 10.00 3293 Mrs. Stella DeLucla ....1,000 10.00 3400 Russell A. DiSlblo 500 5.00 3401 Russell A. DiSlblo 500 5.00 500 5.00 3402 Russ til DiSlblo 3403 Russell A. DiSlblo 500 5.00 3404 Russell A. DiSlblo 1,000 10.00 3101 Dommlnlck Palconi .... 1.000 10.00 3102 Dommlnlck Falconl 1,000 10.00 3103 Dommlnlck Falconl .... 1,000 10.00 3104 Dommlnlck Falconl 1,000 10.00 3417 H. Felnberg 1,000 10.00 3011 L W. Gardiner ..1,000 10.00 3012 L. W. Gardiner ..1,000 10.00 3013 L. W. Gardiner 1,000 10.00 3014 L. W. Gardiner 1.000 10.00 3015 L. W. Gardiner 1,000 10.00 3580 E. R. Gibson 1,000 10.00 2289 W. N. Gundry 600 6.00 500 H. H. Hall 250 2.50 3374 Ira Haupt & Co 1,000 10.00 3115 H. E. Havener 850 8.50 3259 H. E. Havenor 420 4.20 3260 H. E. Havenor 420 4.20 3261 H. E. Havenor 420 4.20 3265 H. E. Havenor 500 5.00 3266 H. E. Havenor . . ... 500 5.00 3278 H. E. Havenor 420 4.20 3426 Max Hutter 500 5.00 2917 W. E. Hutton 420 4.20 3376 Benjamlqe. Klarich 100 1.00 3377 Benjamins Klarich 100 1.00 3378 Benjamins Klarich 100 1.00 3379 Be nj amine Klarich 100 1.00 3380 Be nj amine Klarich 100 1.00 3381 Benjamins Klarich 100 1.00 J. H. East Jr., Bureau Regional Director, said that local enforcement necessarily will be on a limited scale until Congress U. reconvenes and appropriates the funds to administer the Act. The task is enormous, he addA fifth of the drilling rigs in ed, for there are more than g,000 active underground coal the United States were out of operation mines in the United States. during the steel strike, Petroleum AdministraThe new Act in effect gives tion for Defense reported. a Federal inspector the power Approval of wildcat applicato withdraw workers from a tions to drill for oil had been 100 '1.00 Benjamins Klarich mine where there is imminent held up for 30 days. The steel 3382 3383 Benjamins inartrii 100 1.00 100 1.00 Benjamins Klarich . . danger of a major disaster, and strike resulted in a production 3384 100 1.00 Benjamlne Klarich for other reasons when desig- loss of more than 5000 tons of 3385 3391 Mrs. Selma Lleblo 1,000 10.00 3446 Mrs. Gladys Marcks 1,000 10.00 nated hazards are not corrected tubular goods daily. 3030 V. Moore 250 2.50 within a specified time. As 3140 Carl P. Nell 1,000 10.60 That rate Would supply 110 3127 Guido Oraino 1,000 10.00 passed by Congress, it is in the wells daily, 3400 a month. 3128 Guido Oraino 1,000 10.00 R. 2098 N. 200 2.00 form of an. amendment to the carriers and re- 2994 D. B. Parr pipeline Lage Potter 1,000 10.00 Federal Coal Mine Inspection fineries were set back 2674 Mias Ballye Lu Rlbelln 1,000 10.00 four to 3564 Letiie Richards 1,000 10.00 and Investigation Act of 1941 six weeks short- 3582 Jane R. Romeyn the steel 500 5.00 by 3089 William Salvatare (Public Law 49 77th Congress). 10.00 1,000 PAD estimated. Barring 3090 William Salvatare age, 1,000 10.00 The old act becomes Title I 3091 William Salvatare 1,000 16.00 swift settlement of the strike, 3092 William Salvatare 1,000 1000 Advisory Powers Relating to the agency expected the situa- 3301 Stephen N. Schneider . 100 1.00 Health and Safety Conditions 3437 D. E. Sullivan 1,000 10.00 Kenneth O. Watkins. . . .5,000 50.00 in COal Mines, and the new tion to. get worse before it im- 3454 3456 Kenneth a Watkins. .. .1,000 10.00 because of the J. C. Anderson 600 6.00 legislation is known as Title proved, status of steel 3003 3142 Prank Audla 1,000 10.00 II Prevention of Major Disas3300 Pasquale Man 2,000 20.00 stocks. And In accordance with law, and an ters in Coal Mines. PAD did not announce any order of the Board of Directors made on the 7th day of June 1952, so many The new Act provides for the plans, but the long continuance sham of each pared of such stock as may be necessary will be sold at the ofestablishment of a board of re- of the situation resulted in the fice of company, 529 Newhouse Buildview to pass on appeals from fact that the agency might have ing, SalttheLake City 1, Utah, on the 4th of August, 1952. at the Mur of 3.00 actions of Federal inspectors. to redistribute tubular goods in- day to p.m. . assessments pay the Under the law, appeals also may ventories, and, as a last resort, thereon, together delinquent with tbs cost of adthis and of the sale. be made directly to the Direc- say who shall drill for oil and vertising BURT M. expense SLUBBER, Secretary. Newhouse 529 Building, tor of the Bureau of Mines. where. Balt Lake City 1, Utah Lack Of Steel Threatens S. Oil Development . . . J. H. DAVIS . . bottom-of-the-barr-el INDUSTRIAL PAINTING & DECORATING . Phone 7-455- 4 1750 Pork Street Salt Lake City i |