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Show PAGE TWO JUNE 11, The Western Mineral Survey, Salt Lake City, Utah General Assortment Herres Expects Gov. Stockpiling Authorization Otto Herreg, chairman of the National Lead and inc Committee said in Salt Lake recently that the Office of Defense Mobilization b expected to announce commencement of stockpiling under the Gov- ernments new program thb week. The Budget Bureau has given lb approval of the stockpiling plan, and funds, both in cash and borrowing authority, are available. The prospective rate of buying b unknown as. yet. However, E&MJ Metal Mar- kets for May 27 says: It was rumored that the Government 0 Intends to absorb at least tons of surplus zinc, which would undoubtedly greatly strengthen the price structure, with or without tariff relief. 100,-00- . Mystery Move Hits Nevada SPECTACULAR SCENERY surrounds the uranium mine!) in the Colorado Plateau. Here an ore truck winds over road to one of these desert roads. (Continued from Page 1) Steen and his fellow Uranium million aires has kept the mining fever running high temperatures in the Moab vicinity. Charlie Steen was one of the early atomic era 'miners to hit the Jackpot in the downstairs-UtaUranium fields. In 1951 Steen filed 12 claims on a ridge overlooking Indian Wash, near Moab. Low on cash he stood to lose the claims unless he could finish tiie required development h work. rags to riches on the uranium Turner was a local express. Moab citizen who for 20 of his 35 years roamed the surrounding mountains in search of vanadium and rare minerals. He moved in and out of various two-mamining operations getting nowhere. By mortgaging his house and pawning the family possessions, he was able to scrape up $15,000 for an Atomic the GOLDFIELD, Nev-W- ith recent sales of 39 more patented claims in the Goldfield, Divide and Silver Peak districts, more than 200 claims have been sold by , Ecmeralda county since July 1953. Since the claims are valued at $500 for tax purposes, thb means an addition of $100,000 on the tax roll. n Energy Commission lease. Two and one half years ago he started working the lease, and was about ready to sell half interest for But the old Texas geol- $2000 when he struck pay dirt. Now AEC surveyors ogist throught his area looked good for Uranium even though than $2,000,000 worth of the ground had already been ore In his mine, half of which prospected and described as will be profit for him. But worthless. He stuck it out while hes still on the lookout tor the going was tough, found evi-- more' deposits on the 75 new 34-ye- ar esti-mor- e . 20 Companies, 8 Lonesters Seek A E C Held Land The United States Atomic Energy Commission has released the current list of applicanb for leases on properties prospected by the AEC. Induded are the uranium companies, leading smaller firms throughout the nation, and an assorted group of individuals. Individuals include a Salt Lake City group, Loub Buchman, James E. Richardson, and DeWitt Van Evra; Ken Garff, also of Salt Lake City; English and Marshall Besides Vanadium Corporation of Farmington, N. M.; Malcolm of America, Climax Uranium N. McKinnon, Salt Lake City; Co., and the United States Vana- Don Danvers, Texas oilman, and dium Corporation, several com- Frank L. McKibben, Dove Creek, panies already holding leases Colo. have applied for additional rights. They indude Golden Cycle Colorado Corporation, Spring, Colo.; La Salle Mining Co., Moab, Utah, and the In addition to boosting the tax Mining Corporation, Uravan, Colorado. Also on the application list are Wah Chang To Operate to explore Hie Utah Miqeralogical society will play host to the national society and win sponsor a mineral exhibit at the Murray Fairgrounds June 11, 12 and 13. Hie doors will be open from 10 ajn.' to 10 pjn. and map reading to get in on the big business. Steen says: Theres going to be more city folks lost and starving on the desert this summer than youll ever Imagine. From all indications the stakes are high and the gamble big, but so b the prize. Thats what made the gold rush of 1849, and thats what made the uranium rush of with a borrowed Geiger counter, Uranium has paid big money to and came up with a the Steens and the Turners and dollar producing mine. the others who have found a Steen holds that . Mthe Colo-rad- o jackpot in the priceless radioPlateau has Just been active ore, but it b as costly scratched in regards to uranand difficult to recover as oil ium. discoveries. There b no and gas, and it takes a prospector reason the United States cant who knows hb uranium, geology 1954. be in uranium reserves so we wont be dependent on foreim sources of & apply. Member Salt York Stock Exchanger An increase in depletion alaclowances, more Government We Specialize In Mining Stocks cess roads and a guaranteed floor on the price of uranium will go loans Mado on Listed Mining Securities a long way toward stimulating 132 Main SL 2380 Washington Blvd. the industry, Steen said. SALT LAKE CUT OGDEN Another newly-mad- e million523 SPOKANE West Spragne Are., aire, Jack Turner, traveled from multi-millio- n . In Colorado Belt and wear and at the same time conduct electricity at It b also alloyed with nickel, aluminum, magnesium; and iron, and has important nuclear energy uses. Beryllium oxide b used in the production of refractories and elecinsulators. trical Hie United States- imports about 90 percent of its beryl. During 1953, for instance, domestic mine shipments were about 750 tons, while imports exceeded tons. Commercial-grad- e beryl generally contains from 3.6 to 4.5 percent beryllium. Beryl supplies have been considerably larger then consumption since 1949, with the largest gains in 1952 and 1953. During the five years 1949,53, nearly 0 tom of beryl became available, while domestic ' consumption totaled only 13,562 tons. high-temperatur- the actual cash received from sale of these claims amounb BOULDER, Colo. The nations to over $,6,000, a considerable biggest tungsten processor is amount for thb small county. moving into the. Sugar Loaf mindistrict of Boulder county. No reason can be given for the ing The government disclosed Thurssudden interest in the claims exthe Wah Chang Corp. of New day cept possibly the fact of the re- York 'has bought the mill of the cent discovery of oil in the state former Boulder Tungsten Mines, and the possibility that the patwest of Boulder. The price Inc., ents may carry gas and oil rights was about $50,000. which have been since withheld Two federal on all lands and abo the possibil- in Denver the officials forecast purchase means ity that thb country will soon a big stimulus for Colorados revert to the gold standard. tungsten industry. J. H. East, Jr., regional direcOne of the first to become intor of the bureau of mines, said terested in the area was Elden Guy Mason who has since pur- he was happy over Wah Changs chased a home in Goldfield. Also entry into Colorado. the Prospectors dub advances Theyre big enough, and they know how, East said. the theory that precious metals such as uranium and lb attendant uranites may be found in thb I -- Mile area. Conveyor . claims he plans this summer. Now Adequate Domestic consumers of beryl- Newmont Mining Corporation, used less than a third of the New York City; Coronado Coptotal supply that became availper and inv Co., Los Angeles, able during 1953, according to a Co.s mining Calif.; Eagle-Piche- r today to Secretary and smelting division at Miami, report made of the Interior Douglas McKay. Oklahoma; Hunt Oil Co., Dallas, b the sole commercial Texas; Homestake Mining Co., Beryl source mineral of the strategic San Francisco,' Calif.; Kerr-Mo-Gmetal beryllium. Oil Industries, Lie., Tulsa, Last years new supply of nearOklo.; Leadville Lead Corpora9,000 tons of beryl was the tion, Denver, Colo.; Miami Cop- ly in history, with domestic per Co., Miami, Ariz.; Phelps largest consumption totaling only 2,662 Dodge Corp.; New .York City; tons. The Pitaton Co., Pittsburgh, Pa.; Beryllium is used mainly with copper to make hard,' strong alloys, which withstand fatigue roll, In any event, the future of Esmeralda county is brighter than it has been in many years. dence of Uranium (much to everyones surprise but hb own) Beryl Supply Shat-tuck-De- nn 1 FILING CLAIM at Grand County Court House, Jack Turner b one of 300 who came to Emma Daltons desk that day. One day, she processed 1,700 claims. Rico Argentine Mining Co., Salt Lake City, Utah; Spring Canyon Coal Co., Salt Lake City, and J. R. Simplot Co., Boise, Ida. ee Mine Claims Uranium Makes Millionaires Contracted. Inc. has been swarded a contract to build a belt conveyor system approximately one mile long at the Alpha Portland Cement Company plant, .Catskill, .New Hewitt-Robin- s, high-qualit-y - 8,-2- 00 30,-00- Tariff Action Urged By Govs. Gov. J. Bracken Lee of Utah and other western states governors sent wires and letters recently to Pres. Dwight D. Ebenhower, Commerce Secretary Weeks, and Interior McKay urging Secretary prompt and favorable action on the Tariff Commission's recommendations for the lead-zin- c industry. York. It will carry limestone at the rate of 300 tons and hour from the screening station to the storage area wehere the limestone b crashed, and will cross Highway and the West Shore Railway on special overhead galleries. The new belt conveyor will replace an aerial tramway that has been in operation for a number of years. Hewitt-Robin- s will manufacture the belting and machinery and will design and InstajU the 9-- W WANTED Uranium Claims Eastern Company ' with $300,-00- 0, underwriting arranged seeks good Uranium properties. Will consider merger. Will take claims for some stock, some cash ont of underwriting and royalty. Charles D. Robbins Care o! Daggett Securities 75 Bloomfield Ave., Newark, N. J. self-sufficie- . . J. A. HOGLE CO. r Lake-Spokane-N- ew - x i 1954 - JULIUS MAIER CO. 'investments Member National Association of Securities Dealers, Inc 52 BB0ADWAT 15 EXCHANGE PLACE New Torh 4. N. Y. Jersey City 2. N. J. JBOwling Green Tel. DElaware Specialists in Natural Resources Stocks 58 66 |