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Show u OF U LIBRARY CITY 1 f I tUXARY l4Npi tmntssay or utah APT; Fi i:53 HP Features Mining, Oil, Financial Vol. 21, No. 16 Salt Lake City, Utah, April SALT LAKE CIJY One Year 3&50 17, 1953 Climax Moly Activity At High Level Ways Listed For Boosting Lead Reserves WHITE SULPHUR SPRINGS The Lead Industries Association celebrated its Silver Anniversary at The Greenbriar with a meeting of about 130 representatives of- lead mining companies and consumers of lead. Leading off the two day program Mr. Thomas Nolan, assistant director, U. S. Geological Survey, Washington, D. C., discussed World Lead Mine Resources and Production. There is a rather widespread recent tendency to conclude that we Operating throughout the are on the way to become a y basis an averyear on a have-no- t nation. Curiously age of about 14,500 tons of ore has been conclusion this enough per working day was mined and econothe accepted chiefly by nulled. Most of the (production not is mists. It accepted in came from the Fhillipson Level those who should large part by on the mine although during the be in the best 'position to apperiod from June to November praise the situation mining geC. Ryan and Son carried on exologists. tensive open-pmining of ore Mr. Nolan pointed out that under a continuation of a conprospecting and tract with the company. airborne instruments such as An addition to the mill which the magnetometer and the Geiincreased the capacity by 5000 ger counter permit rapid explorAs metal prices become lower and operating margin moved steadily thinner, necessity for tons per day was completed the ation and ore detection and have cooperation has become an increasingly important factor in the endeavor middle of Decemjber. This rebeen responsible for a number to keep the nations metal mines in operation. Several amendments to present labor cent expansion of mill facilities of discoveries of new ore bodies. lation have been to tons the recently 20,000 proposed. Known world reserves of lead capacity brings of ore per day. The in mines now equipped or being plant, an extension to which, equipped is in the order of was completed in January, is of tons of lead. I will let sufficient size to permit recovmake your own decision as you and of tin, how tungsten, to ery pyrite many years that will monazite ' from an initial mill I believe we can all but last, feed of 20,000 tons a day. it is enough to prothat agree WASHINGTON, D. C. Spokesmen for. the American Mining vide a cushion while the indusWhile extensive development . Congress appearing before the House Education and Labor Com- try is finding the as yet undisto open up areas and to expand mittee called for adoption of ten amendments to strengthen the covered ore bodies that can conMiles P. Romney, manager, broken ore reserves was accomAct to provide security for individual rights and pro- fidently be expected to increase plished on the Fhillipson level, Utah Mining Association, Salt tection of the the supply. relations. public interest in the major preparational work in Lake City, Utah, speaking at the Thomas G. Moore, manager. Charles R. Kuzell, mining en the ore body took place in the recent meeting of the Lead Inbeen earners. Geological and Exploration Degarnered by wage new Storke level. Work on, the dustries Association stated that gineer of Douglas, Arizona, and Kuzell and Kitchel declared partment, The Atmerican Metal Storke level will have progress- a number 'of small lead and zinc Denison Kitchel, attorney of that headcompulsory unionism is a Company, Ltd., New York,of reped sufficiently so that mining mines have closed down in the Phoenix, Arizona, urged Conmajor issue facing the country ed up a panel consisting from that level can be started West and that many, other gress to amend the and that unless it is pro- resentatives from various lead sometime during January, 1953, mines in that area are facing a Act in the following respects: today United (1) prohibit compulsory union- hibited the march down the mining districts of the at which time the new crushing similar decision because of cur- ism suC. Paul Feddersen, road to a labor dictatorship over States. in (2) form; levels lead and prohibit any rent of low at facilities that and other price Smelplant labor monopolies and industry- our national economy and the perintendent, Bunker Hill zinc. level will be completed. wide bargaining; (3) uproot livelihood of all citizens will ter, Kellogg, Idaho, said that A short time ago it was esti- Communistic influence from the continue, with the ultimate in- his company has already disconmated (that output in the 11 internal affairs of union; (4) re- stitution of national socialism. tinued black caving since this subWestern states this year would quire the President in threatenmarginal ore has become Likeout 1953 that Indus marginal at present prices. Week ending April 11, They pointed ed national emergency strike or probably drop to' about e strikes the past wise tailings retreatment has BINGHAM DISTRICT, UTAH during 1952 if of the output lockout situations, to utilize the six as been discontinued. industries in such Combined Metals Reduction This will years remained and zinc of lead of the prices (5) preAct; provisions . commu in Co. 385 tons. steel, reduction maritime, copper,' annual an in held at or low for any period, vent industrial sabotage; (6) nications and the like have crip- result U. S. Mines 8926 tons. of "approximately a over levels current their pro- safeguard the functions of manthe national economy. They production Utah Copper (Kennecott) 4000 tons of lead and 7500 tons period. However, these agement and the rights of work- pled longed said should strikes be that such 970 What we should cars, daily average. of zinc. revised and been estimates have ers from encroachment; .union to an end EUREKA DISTRICT, UTAH output, said Mr. Tomney, would by banning strive for to add to the potential (7) outlaw mass "picketing, vio- brought labor ore 45 suffer even a deeper cut. Chief Consolidated monopolies. and reserves of production intimidation and similar lence, cars. lead, said Mr. Feddersen, is a dislabor devices in terroristic Kuzell Kitchel made and it of mine At present, closings reasonable relationship Dragon Cons. clay 14 cars. (8) require that National clear that the American Mining more the west are spotty, but many putes; Empire Mines or& 1 car. wages, production per between Relations Board decisions Congress recognizes the need for mines have been operating for Labor Tintc Standard 1 car. metal prices. More and be based upon preponderance of strong, democratic unions and man, at a months several PARK CITY DISTRICT, UTAH the past and more mechanization is only restore to of strike workers the evidence; (9) stability right some relief New Paijk 1316 tons. loss, hoping that to labor managements; and (10) under lawful circumstances and a partial solution." may be forthcoming. (Courtesy J. A. Hogle & Co. create a department of Employer-Emp- for lawful objectives. They loye Relations in lieu of pointed out,- however, that the the present Labor Department fundamental obligation of the They also recommend that the mining industry to the nation National Labor Relations Board is to attain maximum produc- Second South St., Salt LakeClty, JDtab. be enlarged from its present tion with maximum efficiency Amalgamated Bug Pti-A 23.00 Sec. Corp. Class five members to seven mem- and that defects in the present Pint 20.25 Mountain Fuel 18.00 Fire Clay bers, with no more than four of law present serious obstacles to Utah Oil 29.00 fteflnlng them to be appointed from the the fulfillment of that obligation. Utah 15.25 Utah Southern Oil S3 same political party. They said, The power of the ZCMI 35 Valley Oil The mining spokesmen told labor bosses, fortified by gov- Ashley Oil Equity the committee that the problems ernmental partisanship and Justhelm Western States Ref of relations governmental interference, is Utana 1 Basin Oil 0 Oil industrial as like have a been the false cast in HUtah depends on its basic industries, strength Morgan farming light sapping 2.87 a result of the campaign con- of America. They concluded Ute Royalty and mining. When they're successful, everyone ducted by the labor chiefs dur- their statement to the Commitbenefits. Right now "lining is facing a problem ing the past six years to stigma- tee with this warning: If these costs are up, while selling prices of some metals are y tize the Act They abuses continue there will soon down because of cheap foreign metals dumped on the These quotation furnished by J. A. out that since passage be an end to all free institu- Hogle pointed A Company, 132 South Msln St., shutsome been The has result American market. of the law union membership has tions, including free unions. Tall Lake City. Utah. 38 AR American Smelting increased by over a million downs, which hurt us all. It's a problem that must 39 A Anaconda Copper to the that never be solved for the sake of every citizen in our state." I 40 forget members, straight time hourly try HM Homstake Mining 41 International Nickel pay in manufacturing industries foremost economic expert U IN 36 PD Phelps Dodge Dam called Prince was Siam has risen 37 per cent and that 69 KN Kennecott 32 UTP Utah Power & Light substantial fringe benefits have Rong!Emeison P. Schmidt The LEAPVILLE, Colo. mining and milling operations of the Climax Molybdenum Comh pany at Climax, Franklin of Climax, manager, continued at a high level during all of the year 1952. In addition expenditures for construction of plant and townsite facilities reached an all-tihigh for the company. Extensive development work in the ore body was also accomplished during the year. Cool-baug- - me six-da- it geo-chemic- al labor-irjanagem- ent by-produ- 40,-000,0- 00 Romney Cates Fair Labor Laws Held Vital Need For Cog In National Economy Price Boost Taft-Hartl- ey labor-manageme-nt . Taft-Hartl- ey Ore Shipments two-thir- ds try-wid- 85-to- n m i mm - Industrial Stocks ss - 9- - ,9 - -- 10-3- 2 labor-manageme- nt Eastern Stocks Taft-Hartle- . |