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Show OF mmm UX tJUA-R- ! 111 1 'A. : i . Pfs&iKi ZIMaji OH, t,. Fuuspkf .. - V One Year Salt Lake City, Utah, December 25, 1K VOL. 14, NO. 52. $29 New Nevada Manganese Plant Start Production Ready To NEV. Vital any defense effort is the production to HENDERSON, Qz of manganese, used in the manufacturing of steel. This strategic IjmetaTwas imported to this country from Russia until that country hwfdits export Since that dme the United, States has had to ton to its domestic mines and to development of a process which would ores feasible. make the mining and processing of the That this has been successful at least, in Nevada, can be shown by the Manganese, incorporated, plant on the Vegas Wash road. So vallow-gra- de New Uranium uable is the production of manganese for government stockpiles, that Firm Active not even the disastrous fire last July could make the company In Moab Area throw up its handstand quit . . Famous Stock Mart Serves (luge Clientele Stock Exchaqge outstanding as ah institution that has justified its existence and enjoys the confidence of stockholders throughout the country. Coining into being in 1888 in a small storeroom, the Exchange grew fspidlj at various locations until in 1900 the present building, shown above, was constructed. Now in its 65th year of operation, (he Salt Lake . !"!T- -n SpeculatiyejStocks Offer For Jiirge Gains , Possibility it increasing number of Test. Planned At Jiisthehn, advantageous people finding to place a portion of their earnings to work for them, an accelerating Antlers Well some means their . . . With -- -- an-ever are investing percentage of peoplewith average savings in stopks.1 And they are satisfied with the results. Ah objective two. year study just completed by the University of, Michigan has produced some facts of outstanding interest. Professors. Eiteman . and Smith, who made the study, concluded their report, in these words: If you were to invest a fixed sum of money every year fora period of years in a cross section of com mon stocks, and if you reinvested all dividends, the return you could expect would be the equivalent of 12.2 per cent compound interest on ; your money. The study included a cross section of 92 common stocks which of were considered in the safe investment class. 'A much higher percent of gain might have been experienced 'were' the. investment supplemented by the acquistion of some so called speculative issues. Ah interesting group of such stocks are included in the list of issues trading on .the . Salt Lake Stock Exchange apd on the curb ; market. are a number of- com' are being panies, traded, whose activities are conThere . - whose-stock- s - fined to the stage of exploring and developing promising oil and minIn such cases ing properties. . (Continued an Page 2) Testing operations are now underway to determine potential gas production from a well drilled jointly by Antlers Oil, Mining & Company and Justheim Petroleum Company, located on Section 21, Township 11 South, Range 60 West, in eastern Colorado, it was learned in Salt Lake today. Site of die project is about 40 miles northeast of Colorado Springs. The hole was originally carried through' the sands- - of the Dakota formation and into the Morrison, to a total depth of 6868 feet. Gas was discovered in the Pierre formation at a depth of 1840 to 1940 feet in the well. Casing was set and cemented through the gas zone and now awaits only, to be perforated to test its gas content. Penetration of gas sands in the Pierre formation of the Cretaceous is believed to correlate geo. This is not an offering of these Shares for sale, or an offer to buy, or a solicitation of an offer to buy any of such Shares. The offering is made only by the Prospectus. NEW ISSUE logically with the producing sands of that formation in the Florence-Canyo- n City oil and gas fields, 50 miles southwest of Colorado Springs. It is expected that the Pierre gas zone will be of commercial importance when the well is com' y , pleted. ' ' URANIUM, INC. ? Properties located in Capitol Reef and Indian Creek Mining Districts . COMMON STOCK On the strength of the Price 6 Cents per Share " Offering Circular may be obtained from he well, undersigned CAY! AS BROKERAGE CO. SALT LASS STOGC EXCHANGE : BLDG. 39 EXCHANGE" PLACE. PHONE 44948 SALT LAKB pITY, UTklL v ; ' ; . , . , i Iff Please send me a copy of the prospectus relating to file Common Stock of Uranium, fee. , - , Name Addroso - ' ' - i f . ' tSi L ; . - i : r - ' . rt ' . 2530 : gas dis- in die arrangements, have been made .'for; drilling two more wells to further explore die Pierre gas sands. These wells will be. spaced a mile apart and will give important information on the extent and value of the field, which is locally called'' ' the Ram ah Gas Field. In 1939, a well was drilled on Section 16, same township, one mile north. of the present well, where a flow is. reported to have been estimated at 5 million cubic feet per day of natural gas. This was cased off and drilled on to covery Justheim-Antie- feet rs Three Kids mines, which furnishes the manganese for the plant, is located adjacent to fixe mill. The Isbell construction company has file job of mining the ore for Manganese Inc. This is done in an open pit from which the ore is blasted loose. It is hauled by trucks to the mill for processing. The did wooden flotation plant burned last summer, hut the new steel plant is almost ready for operation. fiafer by far than the destroyed plant, it is expected to be turning out manganese nodules within a abort time. The burning of the flotation mill and other adjacent parts of the company- - property was only one of file disasters which have struck at the plant A kiln broke in two and had just been replaced when the fire broke out But despite these i delays, the - company tightened Us belt and set about rebuilding. Now the .work is almost finished and production can again go forward. Hewlett West, president of the company, .told workmen, after the fire that the company would be back into production as soon as possible. It is. The plant was operated during World War n and . produced the needed manganese then. It seems destined to play an .increasingly important part in the defense effort Although the ore at Three Kids mine is of lower grade than other foreign countries, it is high grade fop this country. The 'ore body is expected to last eight to ten years, and after that the company may bring ore in from its other holdings or custom ores from other mines owners. Last week the company shipped out 309 tons Pf pre, the first shipment gnce the fire. This amount will be stepped up as production increases. The kilns are operating now, using ore which was stockpiled. goon the flotation mill win be toping out its production and norma) operations will be resumed, Plant Manager F.'A. McGon-igl- e said. U. S. Supplies . MOAB, UTAH. The San Joan Uranium Exploration Co. has established offices in Moab and started operations. They are developing the Fault Claims in the Yellow Cat area, formerly the property of Clive Stewart. The Fault Claims, by hand methods, produced some $30,000 worth of ore with values running up to 20 per cent, according to reports. Hie ore averaging 1 per cent to l-per cent by returns had a shipment return value of around $200 a ton. Besides the four claims which are to be developed at once, San Juan Uyanium his 136 other claims and 150 claims under lease . and bond. San Juan Cranium Exploration is a subsidiary of Pyrenese Uranium Exploration Co., Inc., an Idaho Corporation, of which 'Elmer Taylor is president Offices of the company have been established in Moab. The company has just purchased a diamond core drilling rig. The first hole drilled, according to Mr. Taylor, hit nice ore. He states the company will explore the property thoroughly, exploring three 'other beds in the Morrison formation. T . Old Gold Mine Revived The old Sanger gold mine east o Baker, Ore., one of famous early-d- ay producers of eastern Oregon,, is being readied for resumption ofi production, according to reports: . Finances VANCOUVER, B.C. The Lone Star mine northeast of Curlew, Ferry cqunty, will be the scene, of a $109,196 copper exploration program by Attwood Copper Mines, Ltd.; a Canadian concern. D. F. Kidd, Vancouver, company general manager, signed an exploration contract at the Spokane, field office of the U. S. minerals exploration administration. The U. S. will lend the firm half the cost repayable from royalties on production. The property, ; wMch abuts the British Columbia border, will:, be explored at depth by a new lower adit and by diamond drilling. .. Cromer Co. Brokerage Member Lake Stock - . Salt Exchange Salt Lake Stock Exchange Bldg. Salto Ka. 9 Exchange Fiace 4-3- . Salt Lake City, Utah Reports en the aboye Lunas will be matted free npea refloats. ; Fheae 9-t- PI Teletype 91? 1M . |