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Show s"OT t i f : f August 29, 1952 The Western Mineral Survey, Salt Lake City,' Utah CONVENTION . Continued from Page Efforts Pointed Toward Greater Uranium Output' . 1 members of the Houe Interior and Insular Affairs Committee and both interested in the maintenance of a sound and vigorous mining industry i nthe United States. At an afternoon sesison, Tuesday, September, 23, Senator Pat McCarran of Nevada, chairman of the Conference of Western chamSenators, and long-tim- e the in upper pion of mining chamber, will address the convention on Eliminating Subversives from Government. Senator McCarran, who is chairman of th Senate Judiciary Committee, has payed an active role in that Committees investigation of subversive elements in federal departments and agencies and will give the convention a first-hanreport of its find- Canada The of demand great urgency S. atomic U. from the arising bomb program is purring Canadas efforts to increase uranium production sharply and to find fore of the mineral. The efforts are already paying off. Production as the governments first mine has been boosted ubstan-tiall- y this year by a construction program. A second mine is slated to start producing next April. By then, Canada hopes to be producing at least twice as much uranium as at present Canada, officials say, is in no positon to produce bombs, but this only mikes it more important that it helps the Americans who can and do. The direc link is seldom mentioned publicly but the records indicate the majority of Canadas uranium goes into U. S. bomb production. W. J. Bennett, head of the OTTAWA, d ings. At the same session, Representative Wingate H. Lucas of Texas will tell the many mining men attending the meeting of his approach to A Sound Labor Relations Program. As a member of the House Education and Labor Commi tte, Lucas has played a key role in the drafting of legislation designed to bring about improved relations. He has industry-beeliminate designed to measure a of the ponsor wide bargaining. Another pandl discussion, scheduled for the morning of September 24, will be highlighted by talks by members of both the House Ways and Means Committee and the Senate Finance Committee, which are responsible for the drafting of all revenue legislation. This panel, which will be devoted to of taxes with particular reference to mineral taxa-ton- , will have as its moderator, Rep. Thomas E. Martin of Iowa, Rep. Martin whose district has not a single mine in ts confnes, has been extremely active in Congress in urging legislation to strengthen the domestic minup the ing industry, to build mining industry as the basic arm of national security, and to liberalize tax laws to encourage mineral development Another outstanding member of the Ways and Means Committee, Rep. Wilbur Mills of Arkansas will also participate in this panel. Keenly aware of the Rep. Mills industrys problems, and equitfair has long sought domestic for able tax treatment mining. Also eatured on this panel will be ColoradowhoSenator is a Edwin C. Johnson, Senate the of member ranking Finance Committee. Senator Johnson, who is intimately versed in the problems of minfirst-hanknowing from his ledge of that industry in his own state, has continually been a leader in the development of a tax climate that would encourage the opening up of new mines in this country and in the expansion of existing ones. abor-manageme- governments Eldorado Mining & Refining, Ltd., ha said Canadian uranium now is associated almost exclusively with n instrument of war. Without mentioning U. S. needs the atest annual report of the Eldorado firm emphasiz nt n Hecla Mining Directors of Hecia Mining lompany, meeting in Sfpokane ast Friday, authorized payment f a regular dividend of 25 cents l share for the third quarter. The disbursement, T totaing 230,000, wil be made on 18 to stockholders of ecord August 25. It will 1952 payments to $750,000 ind total dividends to $35,655,-0Sep-emb- er in-rea- se 0. Hecla paid its first dividend n 1900 and has made payments e ivery year since 1903. Twenty-ivbeen cents per share has he regular quarterly rate since 941. great urgency of the demand for uranium and the importance of putting new es the production facilities nto opera-to- n as swiftly as possible. Canada uses only a fracton of this uranium fir its one atomic plant at Chalk Rver, Ont, enregaged only n search. It is urgent U. S. requirements which are b ehind tiie current hunt below the earth, in laboratories and over lonely wastes. The first Eldorado mne in the Northwest territores suffered a heavy blow last November when ts main mill burned non-militar- y airlift that brought in construction down. By a mid-wint- er ma-tria- ls and works and by prodig- ious efforts, the mill was rebuilt and going agoin by April. In addtion, a second plant to ex- tract uranum from residue materials was finished at the same time. Production has gone up substantially. By next April, Eldorado plans to have the Beaverlodge Mine in Northern Saskatchewan going, too. It will at least double current production and could expand sharply in years ahead. Increased Production Of 4W onder Metal Schedule d con-siderat- d uranium-mgnnn-n 1 J j j Conclusion of the second major agreement in the government-industry program to step up production of the wonder metal, titanium, was announced today by Jess Larson, Administrator of the Defense Materials Procurement Agency. The new agreement between DMPA and E. I. du Pont tie Demours & Go. calls for production of an additional 13,500 short tons of titanium sponge over a period of five years. This is three times the companys present plant capacity. Mr. Larson said that the agreement with du Pont is designed to. help meet the countrys mounting needs for titanium until' less costly methods for production of the metal than those now known can be developed. The present market price for titanium sponge is $5 a pound. Structural forms average about $15 a pound. Mr. Larson added that there is a possibility that methods for production of titanium will be improved during the life of the contract with du Pont and that some, perhap a major part, of the additional facilities provided for in the agreement will become obsolescent; In that event, the government would take possession of the absolescent facilities and would waive repayment of their original cost, less depreciation and amortization. An application for a Certificate of Necessity accelerating amortization of 90 per cent of the projected investment is pending before the National Production Administration. Research looking toward more economical methods for processing and fabricating titanium has been going forward on an increasing scale since orea, Mr. Larson pointed out, because of the metals great potentialities for defense and related purposes. Titanium alloys already have been developed and are stronger than many present steels and 40 per cent lighter. In addition, titanium alloys are highly corrosion-resistant, especially to salt water. 1 EXPANSION . . . Better Grade Ore Opened By Calumet of a better grade Discovery of ore in one of the mines of the Calumet and Hecla Consolidated Copper Company in Michigan will make it possible for the company to. operate the mine for the present without assistance, Jess government of the Da Administrator Larson, fense Materials Procurement Agency, said today. The mine is the Allouez No. 3, one of four Calumet and Hecla mines in Houghton and Keweenaw Counties in Michigans famous copper country, which are covered by DMPA price assistance agreements. By mutual agreement, assistance for the Allouez has been suspended as of May 1 and will not be resumed as long as the better ore lasts, Mr. Larson said. DMPA signed a contract with the company last January 16 prices guaranteeing for copper produced from the four mines after an examination of the operations showed that cast factors were such that the four mines would haye to shut down without government assistance. A price of 29.7 cents per guaranteed by pound was oVer-ceilin- g DMPA for the Allouez output Finally, Mr. Larson added, there is plenty of- titanium in the ground, it being one of the more abundant elements in the - earths crust. There is no question in The ceiling price for the Alcents per pound. louez is 24 Mr. Larson termed the findore ing of at the Allouez a stroke of good fortune for both the government and the company. hope we run into betters, ore at ether high-cos- t coppe-minebetter-than-expect- ed ! my he added. And 1 am mind, Mr. Larson said, that less expensive methods for pro- happy ihat we were able to ducing titanium will be devel- help keep the Allouez going." oped in due course. But we cannot afford to wait until we have such methods. The need for more titanium is urgent and were taking steps to get it with the processes that we have at hand. The agreement with du Pont is similar to one that the government has with the Titanium Metals Corporation of America, Henderson, Nevada, which provides for the production of 0 tons of titanium sponge over a 'period. Only pilot plant quantities of titanium were produced prior to 18,-00- five-yea- r, Korea. Tests Feature Activity At Basin Wells The scouting division of SW SW, Sec. Total 16-1S1- depth 9995 feet, D&A. E. Houstjon No. 1 (located in Roosevelt Pool in SE SW, Drill-steSec. test No. 1 between S670-877- S feet, G. 18-1S-1- AS & R Income Shows Decrease. $276,-366,1- 42 of last year to $242,281,489 this year. Income before U. S. and foreign income taxes was almost $9 million lower this year, the totals being $32,746,302 for this year and $41,566,438 for 1951. As tests are m open two hours, recovered 110 ft. slightly gas cut mud and 90 t mud. ft. heavily oil and Drill-ste2 test No. between feet, open two hours, recovered 90 ifeet of slightly oil t and fluid, 140 feet of gas fluid. Total depth and oil-c9090 feet. Crews taking drill- gas-cu- American Smelting and Refining companys net income for the first half of 1952 totaled $16,731,237, or $2.85 per cqmmon share, after all deductions, as compared with' $20,331,888, or 3.53 a share, for the correspond- ing period of last year, according to a financial report released by the company this week. Sales of products and services revenues declined from in the first six months a result tax Car- ter Oil Company, Northwest Division, has released the following summary of drilling wells or the past week. ....Ute. Tribal C No. I (located in Roosevelt Pool in center of substan- tially lower. Estimated U. S. and foreign income and' excess profits taxes amount to $16,015,065 fo rthe first half of this year as against $21,234, 50 for the same period a year igo. m 8772-893- 6 gas-cu- ut fitPTYl tAfit Ute Tribal B No. 1 ( located Total in NE SW, Sec. 9954 Plugged-bacfeet depth total depth 9870 feet, displaced mud with oil. Moving out rotary tools. Cleaning up location. Ute Tribal No. 3 (located in Roosevelt Pool in SE NE, Sec. Total depth 9592 ft., ran slotted lines to 9589 fete, rane Kobe string to 9528 ft., acidized with 12,000 gal. Flowed bade load oil and add water. Started swabbing and swabbed 26 barrelsful per hour, F. L. at 3000 ft. grindout, 4.8 per cent water and 1.4 per cent emulsion and mud. Swabbed 800 barrels to date. Swabbing to tank. If. A. Peterson No. 1 (locate ed in Roosevelt Pool in SW SW Set Sec. casing at 9817 feet, with 350 sections. Core at 9898 feet. 20-1S-1- k oil-bas- e 28-1S-1- 10-1S-1- 7-i- n. Continued from Page 1 under consideration to expand production of iron ores, copper, titanium, manganese, tungsten and other metals and minerals will involve further large out lays by industry. Contemplated expansion in the production of taconite alone will involve an investment of n dolapproximately a e is iron Taconite lars. ores, of which there are virtually inexhaustible reserves in Minnesota. Pending expansion in copper production in the United States will necessitate an outlay of approximately $150,000,000, and another $200,000,000 will go- into additional facilities for production of titanfuir manganese, tungsten and other metals and minerals needed to supply the countrys defense needs and expanding economy, Mr. Larson aid. Moreover, Mr. Larson pointed out, the expansion program is not confined to domestic producers. A number of foreign contracts to bring in additional supplies of strategic materials are being negotiated. half-billio- low-grad- - . Who Needs To CatchUp? (Economic Intelligence) Labor representatives have continuously made the point, in recent labor disputes, where they were demanding $ increased wage, that their members are being victimized by rising living costs. Therefore, they argue, their members must have wage increases in order to maintain their standard of living. Official government statistics do not support this contention and these statistics are for manufacturing wages, representing the hard core of uniori membership. Since the start of rar in Europe in the summer of 1939, the Consumers Price Indez has risen from 99.4 to 189.0 as of May, 1952 (1935-3100). This is an 90 per cent. of over increase During this period of time weeky earnings in manufacturing, which represent actual earnings of labor in the manufacturing industries, have risen from $23.86 per week to $66.32 per week, or by $42.46. This is an increase of 178 per cent. Weekly of earnings manufacturing workers have on the average, therefore, risen twice as fast as the cost of living. This fact Is borne out when we adjust these dollar earnings . for the rie in the cost of living. When average weekly wages are individed by the see we that their purchasdex, ing power has risen 46 per cent since 1939. Even after allowing for payment of income taxes, r in manthe average could ufacturing buy nearly 40 cent more with his weekly per pay in 1952 than he could in - ? 9 cost-of-livi- ng wage-earne- 1939. This trend has not been changed by Korea or by wage tabilization Since June, 1950, when the Korean war began, the Consumers Price Index has risen 11 per cent and weekly earnings have risen 12.7 ppr cent Since January, 1951, when wage and price controls were Inaugurated, both consumer prices and weekly wages have increased ova: 4 per cent. But all groups in the economy have not been so fortunate. In many cases the gains in manufacturing wages have come at the expense of these other less fortunate groups. so-call- ed |