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Show The Western Mineral Survey, Salt 4 late Gtty Utah May 29, IKS I J9I Demand For Big Michigan Lead & Zinc Copper Mine At Brisk Rate To. Produce Salt Lake Stock Exchange WEDNESDAY, liatoi Stocks Big Hill xBonanxa Oil ft Mng. zBrlitol Bllfcr xBulllon , MAT IT, 1951 Askei Big .03 .02 .06 .05 05 .07 .37 zCardtff Central Btd. ZChtef Con. xClayton Silver Colorado Con. Colb. Rexal xComblnod Metals zComet Coaln zCommonwealtb Lead ZCons. Eureka Crescent Eagle Oil zCroff Oil Crown Point .. ... zHowell Queen Keystone Lakeside Monarch '. zLeonora zLittle May zMadlscn Mines Magnolia Lead ft Oil Majestic Oil ft Mng Mammonth .' Miller Hill zMlners Gold zMono Kearsarge Moscow Mt. States Dev zMountaln View Nalldriver xNev-Ta- h Oil ft Mng. xNew Park Quincy North lily zNo. Standard zOll Securities zPark Bingham zPark City Con. Park Konold Park Nelson .' Park Premier .07 Untie Lead Oil 04 02 20 .05 03 24 02 03 04 01 03 01 .. 40 .08 1.20 07 .33 03 .21 02 02 03 Plutus zPrlnoe Con xProsper OU ft Mng. zRlco Argentine zRoyston Coaln Silver King West Silver Shield zfillver Standard .... Bloux Mines So. Don Blossom .. standard xSo. zSundance OH Swansea Con. Tar Baby Tin tic Central .... xTlntle Standard .35 .02 .05 .03 .21 .08 .03 .25 .03 .03 .05 .02 .05 .02 .45 .09 1.25 .10 .38 .03 .35 .05 .23 .03 .04 .04 .06 03 .31 Mines zTraas-Unlo- R .07 .06 .02 .11 ... 06 09 08 .10 01 1.90 ,.08 .44 .08 .01 1.95 .09 .46 4. at at 3. 6. st lead-cover- 8. 8. 1. 9.3. cable in the ies, and market for good tonnages. Two factors are said to have influenced the surge of buying one is the curtailment of output by Mexican mines and at strikes in smelters and the other is a steadier tone on the London market 3. 2. 0111000 at 82. CURB SALES Leonora 3000 at 5. 1000 at 3. little May 100 at 1.25. New Park Plumbic 500 at B. Willis. 5. FRIDAY, MAY 21, 1958 BALES Cardiff 500 at 23. 500 at Comb. Metals 200 at Com.weslth Lead 2000 at Croff QU 500 at Dragon Con. 500 at 71. Eureka LUly 1000 at 5. Great Western 600 at 17. 7. Kentucky Utah 3000 at 300 at 5. Leonora 1000 at Mt. States Dev .t 1000 at 4. Nev.-Ta- h OU ft Mg. 2000 at New Park 100 at 1.25. North Std, 2000 at 3. Plumbic 1000 at 500 1000 at 8, 7000 at Royston3000 at 9. at 18. 23. 3. 18. 5, 8.Shield 811. 8. 8. 6. 5000 at 3. Sliver Btd. 2000 at 3. Sundance OU 1000 at 17. Tlntlc Std --200 at 92. OU 600 at 8. West Toledo 1000 at 1000 at 32. Willis. B. OU 1000 at CURB SALES t Crof Oil 500 at 18. 500 at 18. Miners Gold 1000 at Mono Kearsarge 1000 at Royston 200 at THURSDAY. MAY 81. 1958 Trans-Un. 5. 32. 8. 3. 4. SALES Cardiff 50 at 25. Clayton 811. 2000 at Com.wealth Lead 6000 Grand Deooslt 1000 at Leonora 2000 at 23. at 3. 2. at4. 35 at 4. . 02 . UNLISTED zAmalg. Bug. Pfd. . XUtah PI re Clay ZUtah P. ft L. Com. zZ. C. M. L at 3000 18.00 little May 1000 24.34, Mammoth 1000 at New Park 800 at 1.20. 200 at 125. Park C. Con. 1000 at 23, 250 at 22 Rico Arg. 600 at 1.92. Royston 2000 at 7. SU. Shield 4000 at 3. . Tlntlo Standard 25 at 90. Willis. B. 0111000 at CURB BALES Comb. Metals 1000 at 20. New Park 600 at 1.25. 32. Trana-U- SALES Cardiff 2000 at 26. Clayton Silver 1000 at 24. Com. Wealth Lead 220 at 3. DragonBtd.200 at 74. East 5000 at 8. 440 at Eureka lily 117 at Great Western 1000 at 18. Howell 1000 at 19. Ind. Queen 2000 at Mag. Lead ft 0111000 at 6, North Btd. 1000 at 3. 2000 at Royston 1000 at Silver Shield 7000 at Silver Std. 5000 at 3. Tlntlo Std. lOO at 94. Tin tic Std. 50 at 92. 100 at 93. Wilbert 1000 at Westn. Alloys 1000 at Willis. B.. 0111000 at 31. 400 at 32. CURB SALES Croff 0111000 at Howell 100 at 18. f, Madison 500 at 21. Rico Are. 400 at 1.95. North Std. 500 at 3. Sale ASST. Howell 3c. DeL sold asst. pd. on HoweUr 3o, DeL ASST. Sale sold asst. pd. on ASST. Sil. Shield lc. Del. Bale sold asst. pd. on DIV. Ut. Wyo. Con. Oil Payable June 15th to stockholders of record May 31st. DIV. Ut. Pr. ft Light 45c, Payable July 1st, to stockholders of record June n. OU 1000 at 6, Mine Production Of Zinc Increases Domestic mine production of recoverable zinc in March Increased 3 percent over the February output, according to the Bureau of Mines, United States Department of the Interior. Production totaled 51,019 tons compared with in February and a monthly average of 55,085 tops in 1952. The increase is attributed largely to the longer month, as the aver16. age daily rate of production was 1,646 tons compared with 1,768 tons per day in February. The combined Western States produced 27,254 tons of recoverable zinc during the month, an increase of 2 percent over the February total. California, Montana, Utah, Idaho, and Washington reported increases, while Arizona, 5th. OU DIV. Sundance c, Payable June Colorado, Nevada, and New Mex15th, to stockholders of record June 1st. ico had decreases. TUESDAY, MAY 26, 1958 4. 4. 1. 8. 3. 3. 2. . 8. lc, CROMER BROKERAGE COMPANY Salt Lake Stock Exchange Building, 39 Exchange Place Salt Lake City 1, Utah Orders executed on all exchanges. Information on Utah Mining and Oil Companies furnished tree upon request. Member Salt Lake Stock Exchange Demand for lead and copper continued brisk last week, but prime western zinc was still a drug on the market, according to E. & M. J. Metal and Mineral Markets. Most of the May supply of lead has been taken up, with producers of high-tegasoline, batter- 4. o. . 6. 3. .07 Con at Crof 0111500 at 17. Dragon 300 at 72, 600 at 73. Eureka Lilly 878 at Miners Gold 1000 at 4. North Lily 30 at 33. 1000 Plutus 1000 at 9, 908 at Prince Con. 1000 at 8. Prosper OU ft Mg. 1000 at 1000 at Royston 1000 at 811. Shield 18000 at Silver Std. 500 at 3. 200 at 2.05. United Park City Western Alloys 6000 at .03 Utah Cop. xUtah Id. Sugar Com. ZUtah Id. Sue. Ptd. ....10.25 ZUtah-WyCon. OU . . .30 2.00 ZUnlted Park City 01 Victor Con. 02 zWestern Alloys 05 zWest Toledo zWUbert zWllllston Basin OU ZTankee Zuma 3. at2. 6, at 400 MONDAY, MAY 25, 195S SALES ' Com. Wealth Lead 5000 at Cres. Eg. OU 1000 at 7. .02 .02 .31 01 . . Tlntlc Lead .19 .18 3. QU 6. 81L Shield .03 .20 .08 .25 ft Bullion-20- 00 .02 .05 .01 ZKentucky-Uta- h xPlumbic .05 at CURB SALES .09 04 05 4. at 18. at 6. 500 Tlntlo Lead-20- 00 at 94. Tlntlo Std. 100Ut. Wy. Con. 0111500 at 31. OU 1000 Con. at 30. Ut. wy. UNLISTED Ut. Pr. ft Light 6 at 31.75. 6600 .06 .09 .15 1000 at at 5. 00 600 at 6. OU Securities 800 at 32. 1000 at 9. Plutus Bllv. Shield 7000 at Silver Btd. 3000 at 3. Tar Baby 1100 at Mag. Lead .74 13 02 Mg-20- Metale-f-gOO- O Leonora 6000 Little Mar-50- 00 .18 .06 02 16 .01 02 18 06 zEureka Standard Gold Chain zGrand Deposit Great Western Horn Silver zNew .10 .04 .08 .08 06 Mines Eureka Bullion zEureka Lilly Con Eureka Mines Kennebec .18 ft OU Kentucky-Uts- h .03 .88 .25 .02 .10 73 .05 08 zEmplre Indian 01 75 .23 .01 08 17 07 .03 07 .06 16 .05 kDragon K. Crown Point kEast Standard E. Tin. Coaln zEast Utah Comb. a .03 . Bonanza 49,-506.t- ed Sales of prime western and zinc were slow. Speon the other cial in was relatively tight suphand, with consumption continuing ply at a good rate. high-grad- e high-grad- e, Copper for May and June deliv. ery is being taken up steadily and in substantial amounts, but July copper is attracting little buying interest. Observers interpret this as an indication that there is uncertainty over the outlook for the metal. In New York last week Robert P. Koenig, president of Cerro de Pasco corporation, predicted that zinc prices will rise but copper The pres- quotations will decline. ent 11-ce- price of zinc is. not nt high enough to keep production up at a rate sufficient to meet growing world dd9&Bd for the metaL It will begin to climb back to a more satisfactory level as soon as the present overstocked position is cleared up. Copper prices on the other hand will tend to fall, he continued, because the unsatisfied demand in evidence during the past two years is fast disappearing as new mines come into production. Consumers were in the market last week for good tonnages of copper for May and June delivery, indicating that they look for no important change in the price situation this month or next. However, the demand for July cop--, per was generaly described as dull, pointing to uncertainty over the outlook. Quotations in the free market, here and abroad, showed little variance in the week that ended yesterday. In the domestic market, business was placed at. prices ranging from 2916c to 30c, valley basis. However, offerings at the lower level dried up toward the end of the period. Chilean copper continued to move on Chiles official price of 35?c, f.o.b. port of shipment. Other major foreign producers of cop-uwere anxious sellers at 30c and even a shade under that 529 NEWHOUSE BUILDING, SALT LAKE CITY, UTAH Member Salt Lake Stock Exchange Information Furnished on Utah Companies Orders Executed on All Exchange Telephone Increases Net Earnings Net - s. BENSON $579,-458,9- apparatus. - well-know- Zinc Institute Elects Directors At the annual meeting of the American Zinc Institute, the following directors were elected for the term ending 1956: K. C. Brownell, American Smelting & Refining Co., New York City; E. R. Dondorf, National Lead Co., New York City; R. E. Dwyer, Anaconda Copper Mining Co., New York City; Andrew Fletcher, St. Joseph Lead Co., New York City; Elmer Isera, Eagle-PichCo., Miami, Oklahoma; G. H. LeFevre, U. S. Smelting, Refining & Mining Co., New York City; W. H. Leverett, National Zinc Co., Inc., New York City; E. H. Synder, Combined Metals Reduction Co., Salt Lake City, Utah; S. D. Strauss, American Smelting & Refining Co., New York City; and Jean Vuillequez, The American Metal Co.,' Ltd., New York City. er New Acid Plant er International Minerals & Chem-uo- m Forum a to bring about let-ic- al Corporations new hydrochlo-ric-acid-magnesium-ox- Smelting 935 37 38 40 , . IN International Nickel PD Phelpa Dodge KN Kennecott UTP Utah Power ft Llpht 33 68 31 These quotation furnished by MerrU Lynch, Pearce, Fenner ft Beane, 23 F Second South St., Salt Lake city, uta. Bid Aake Amalgamated Bug Pfd. 9.00 8 9.4 First Sec. Corp. Class A 22.75 23.5 Mountain Fuel 20.75 21.2 Utah Fire Clay .. ig.oo 19.6 Utah OU Refining 26.00 27.5 Utah Southern Oil 14.75 15.2 ZCMI . . 53.00 56.0 Equity Oil 10.25 plant by-produ- ct ' J. A. HOGLE & CO. i Jisthelm Western States Ref. Utana Btln Oil Morgan Oil Ute. Royalty . . . . .is 1.20 .15 .06 3.12 14 3.4 ide nearing completion at Carlsbad, New Mexico, will begin operations the latter part of this month, with full production scheduled to get underway the beginning of July, A. Norman Into, vice president in charge of Interational's Potash Division, announced today. This chemical unit will produce large tonnages of hydrochloric add and various high-purit- y magnesium oxide products from magnesium chloride brine, a Any yrho testify against the conspirresulting from the production acy, Professor" Budenz contends, of potassium sulfate. This brine should be defended by American will be purified, concetrated and citizens if for no other reason than decomposed by heating to produce that they are helping break up the hydrochloric add and magnesium oxide. conspiracy? I agree. . A Anaconda Copper HM Homeetake Mining 38. - . Eastern Stocks I earnings of Chrysler Corporation and all wholly-owne- d United States subsidiaries for the first three months of 1953 were. This .was 2.64 per $24,428,740. cent of sales and $2.81 a share. . Corresponding amounts for the same period in 1952 were $18,793,-67- 7, or 3.24 per cent of sales, and Provision for fed$2.16 a share. eral taxes on the 1953 first quarter earnings include an estimate for Excess Profits tax at the full rate of 30 per cent on the earnsubject to this tax. ings ' Sales of all Chrysler Corporation products for the first three months of 1953 were higher than for any other similar period in Continued from Page 2 the Budenz said. The achievement of companys history and amountto ed For the first $924,257,247. insuch help from conservative 1952 of dividuals and groups is one of the quarter they were major strategy goals of the American Communists for 1953, he said. Shipments of Plymouth, Dodge, and Chrysler passenger DeSoto Concentrate In Education In 1953 the Communists intend, cars and Dodge trucks during the said Professor Budenz, to in- first three months of 1953 were tensify their efforts to maintain 359,084 compared with 269,719 for their hold on education. For an the same period in 1952. Retail new car deliveries are understanding of how deeply they have penetrated American educa- far ahead of what they were atr tion, he cited recent testimony of this time last year. While used Dr. Bella Dodd before the McCar-ra-n cars are now more plentiful, Committee. Dr. Dodd form- stocks of new vehicles in the erly was a member of the Com- hands gf dealers are in shorter munist national committee and supply than is desirable far the legislative representative of the strong spring retail market. To New York Teachers Union. The meet this situation, currently the union, she said, had 11,000 mem- company is shipping cars, and bers and was At one time under trucks . at an average rate of complete domination of the Com- about 650Q per day. munist Party. . Teachers she said, have always been a very important part of the Communist Louis Budenz said another Communist objective for 1953 is to snarl up our legal processes. The 13 Communists recently convicted of teaching and advocating the violent overthrow- of our government will appeal. the verdict and use every legal device to postpone their imprisonment. By the time they go to jail, he observed, the 11 leaders convicted in the Foley Square trials will be free again. He said the Smith Act, through which the Communists are tried, wasnt adequate to cope with the conspiracy. He urged that the Communist Party be realistically recognized as a conspiracy, and outlawed. The Communists in 1953 will try to bring more of their important functionaries into the United States and send more of their n American Party members abroad. Those-cominin will bring fresh instructions, and will go underground so their activities in the conspiracy will have widest freedom. Our government has been permitting many American Communists to go abroad, and, as Americans, berate our country and thus aid the Reds world level. Work stonoages at Mexican lead strategy. The Communist attempt to dismines added to the curtailment in who are output that has been forced on credit testifying against the conspiracy fiie industry by low prices. will be stepped up in 1953. In their efforts to smear and villify like Budenz, Whittaker Chambers and Elizabeth These quotation famUbcd by J. A. Hozle A Company, 132 South Main St., Bentley, the Reds have had the Ialt Lake city. Utah. 11 help of many influential AR American Industrial Stocks H. E. HAVENOR & CO. One of the most completely mechanized copper pines in the world is under development in what is now a wildernes in northwest Michigan. The mine, to be known as the White Pine Mine, will be equipped with 39 separate belt conveyors made by Hewitt-RobinMore than 19,000 feet of rubber belting will be used on the conveyors. The mine is scheduled to go into operation late in 1954, and will produce copper at the rate of about 75 million pounds a year. 'I. Member Salt "CEBS'f-T- Lake-Spokane-N- ew York Stock Exchanges WE SPECIALIZE IN MINING STOCKS Loans Made on Listed Mining Securities 132 Main St. 5 Wall St. 2380 Washington Bird. SALT LAKE 8P0KANE .. OGDEN . |