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Show LlliRAlVt y r . v i' . f ' ' ..tf ' " STEM UHl SURVEY. i Features Mining, Of, Financial T.. VOL. 24, NO. 46. . Salt Lake City, Utah, November ru One Year $2.59 13, 1953 Four Comer Gosed Mines Held Threat Uranium Plant Slated To Security Western Machinery Company, Governors of the 11 western Folsom Street, San Francisco, states, who met last week in Alannounced today that its Westem-Knap- p buquerque, N. M., for a western Engineering division had devoted governors conference, been awarded a contract to denost of the final session to probsign, build and equip a plant at lems of domestic metal mining Shiprock, N.M. to treat uranium-bearin- g and the feeling was prevalent that ore, involving the expendithe present situation of closed ture of some $3,000,000. mines,, curtailed production and unemployed miners constitutes a The plant will be built for the serious threat to national security. Navajo Uranium division of Kerr-McGOil Industries, Inc., of It was generally agreed that the Oklahoma City, Okla., and will be difficulties stem from the fact that utilized for the production of foreign producers have been acuranium oxide for the U. S. corded preferential treatment Atomic Energy Commission. over domestic operators and that legislative action by congress is It will be the first plant in the to necessary to provide protection country designed expressly uranium-bearinfrom othg foreign imports. treat ores, ers having been adapted from A sliding-scal- e tariff was sugplants previously treating other Governors Jordan of gested by ores or having been placed in preIadho and Russell of Nevada, and existing installations. import quotas were mentioned. Other state executives recomThe new plant will also be the acidula-tio- n mended no specific remedies but first to use the uraof no room for doubt that the left process separating a situations nium oxide from camotite ore, within their jurisdictions clearly indicated that the life or process insuring maximum recovdeath of the nation's metal minery, on which ,Westem-Knap- p ing industry rested in the lap of gineering has done much experimental work., congress. with the on is Utah of Piute operations the in upgrade Uranium activity County, Marysvale region Speaking out for prompt and efin addition to uranium, a subwell work as as known being expanded at exploration accelerated deposits currently fective congressional action were. greatly stantial quantity of vanadium is being in search for new sources. Latest efforts are being projected into the area lying. to the west jn the , Thornton of Colorado, Pyle of a as expected to result of'promising shoWihgs have; been encountered. Shown above is one of the Valley, "where Arizona, Lee of Utah, Mechem of from the plants operations . well known camps in the West Marysvale area. New Meixco, Knight of California, The Shiprock installation, is Jordan and Russell. It was pointscheduled to be completed' by; Deed out that unless the mines were cember 1954. Shiprock is located kept in production, it would be 93 miles north of Gallup, ,N. M, in difficult, and in some cases imNavajo Indian country near the possible, to put them back in opheart of American uranium mineration in the event of a war eming activity. those in the nation the men Metal mining particularly ergency. throughout Western Machinery Company week attention this turned their inc and the of branches lead industry Secretary of Interior McKay and its Western-Knap- p Engineerto a commission told is the assembled governors tariff to where the conducting hearing Washington ing Division are engaged in worldcondition extent the of Monday evening that the adminisdetermine the nature and present depressed wide operations in designing and tration shares their concern over Business on the Spokane Stock of the lead-zin- c mining industry and whether or not excessive foreign building plants and manufacturing the mining situation and assured and distributing machinery used exchange was considerably more imports of these metals is to blame, as charged by the industry. them it will receive top priority in ore benefication and other materi- brisk in October than in the preSpokesmen for the metal pro- because of its urgent importance. al-handling operations. ducers were on hand with volum- He said the minerals vious month, according to figures policy cabiinous facts and figures to support net committee released last week. Share volume Presiappointed their charges and to reiterate their dent Eisenhower last weekby was up 27 per cent from 364,322 expects Washington Superiority shares in September to 462279 suggestions, made often in recent to meet and start functioning situamonths, on how the critical within a few days. Many people contend that if the shares in October and dollar volcan be remedied. tion Similar assurance of prompt funds are turned over to the ume rose 9 per cent from $355,-84- 5 ' Lead-of- f to $389,065. witness before the com- action by both the administration States without any strings, the mission was Otto Herres, chair- and legislative branches of the States will not make the best use WASHINGTON, D. Trading volume in October, a of them. This raises some basic amounted to 400,735 George W. Malone of Nevada, said man of the national lead and zinc government was given by Felix E. ago, year social philosophy. shares with a value of $436,020. questions of a congressional probe of the na- committee, who asked the com- Wormser, assistant secretary of wisCan we assume that all the tion's stockpiles of critical metals mission to recommend that import the interior for mineral resources volume dollar in list the in- in an address before the InternaLeading dom of the people of the United had shown most of them to be in duties on lead and zinc be fava was Bunker Hill, perennial creased 50 per cent over the rates tional Mining Days Conference in States is concentrated in Washingbad shape." y on ton and that the States cannot be orite, with $108,961 worth of stock inJanuary 1, 1945. This would El Paso, Texas, a few days ago. Malone told a reporter the hands at ranging adeto the rate on lead ore from 84 He said the mining industry is not boost changing prices develop depended upon conducted by, a Sun- vestigation, being share. a from to $13.40 $11.75 cent of a a pound to 1.8c., on lead only in need of immediate relief The Catholic quate programs? senate subcommittee he heads, bulllion from 1 116 cents to 2.25 but also needs assurance that the shine, is second place, had a $49,-56- 6 had convinced him that: ' Charities Review, April 1953. volume with a mice spread 1 The rate of stockpiling should cents; on zinc ore from 0.6 to 1.9 policy of the federal government from 6.90 to 750. Lucky Friday cents; and on slab zinc from 0.7 is one of promoting and fostering be stepped up shandy. was next with $47,767 from $2.05 2.1 cents. to the fuller and more rapid devel2 The United States should do to $2.30, followed by Polaris with He pointed out that this max- opment of domestic mineral reall in its power1 to develop sources to $3.95. from $3.40 $33,093 imum benefit obtainable under sources from now on out" 1953 Nov. Week Ending of strategic materials within its 7, Wormser will work with the OctobThe most active issue in borders and in the rest of the present trade agreements set-u- p BINGHAM DISTRICT! cabinet committe on a to be would inadequate provide the er, sharewise, was Independence western hemisphere. f ' Combined .Metals Reduction Co. Lead with a volume of 84,574 basis in its efforts to work out a to the domestic Malone said that after the series relief necessary 55 tons. national minerals policy. shares. Ranking next in turnover of Washington hearings his . sub- industry under present conditions U. S. Mines 5888 tons. That national interest in domeswere Sunset Minerals with 52,300 committee next would try to find and that legislative action should Utah Copper (Kennecott) 960, shares and Sunshine Consolidated, out whether it would be possible be taken Congress should consid- tic mining and its future is grow85-tcars, daily average. tax ing is evident from an article in with 43,000 shares. for America to supply its needs er a flexible PARK CITY DISTRICT: for uranium the atomic raw materi- on imoprts which would be re- the October 19 issue of Time magNew Park Mining Co. 1445 tons. azine. The article outlines the sital-through production in' this moved when metal prices reached uation EUREKA DISTRICT briefly increasing imports, Walker in Salt Lake country and Canada. The U. S. a reasonable level, he said. low Chief Consolidated Mining Co. mine shutdowns, unThe commission prices, testiheard now gets part' of its supply from Harlan A. Walker, for 14 years Africa. 41 cars. and asserts the sitemployment from the Idaho ' and . Washmony uation assistant manager of the Home-stak- e is so critical that connow zinc Dragon Cons. 24 cars. ington lead and emergency is Ellerbeck of Jericho 2 cars, Mining Co., at Lead, S. D., gress going to have to decide presented by Charles Crust committee, whether has retired from that position and Nickel In fammonth Mine 1 car. the nation's lead and inp E. Schwab, , industrial; relations PIOCHE DISTRICT: has established headquarters as a Scientists estimate that 'the manager of Bunker Hill' and Sulli-.ca- n mining industry is more or less crust contains about Combined Metals Reduction Co. consulting mining engineer at 1417 earth's essential than the administraMining and Concentrating twice Lake as much Salt 2 Bank Walker nickd as copper, cars. Perlite concentrates tion's goal of lower tariffs and free lead Building, zinc and lead combined. (Continued on Page 2) 12 cars. trade. City 1, Utah. 760 ee . . so-call- ed by-produ- ct - Business On Spokane Mart Gains Tariff Commission Holds Future Of Metal Industry . Stockpiles Held In Bad Shape . C.-Se- nator k . Ore Shipments day-to-d- . on anti-dumpin- Earths - ay |