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Show JULY 2, 1954 The Western Miners! Survey, Salt Lake City, Utah PAGE TWO Economist Lauds Ike Program; Sees Bright Production Future that Canada is in a vigorous is reasThere of growth. surge on for confidence that the quar- ter century from 1952 to 1977 will Inli Mining Hites bring an expansion in Canadian population from 14 to roughly 28 millions and an increase in production from $1,595 to $3,000 National production valued at generating into a spiral defla- per capita, which would lift the r of a trillion dollars tion. total production of goods and Uranium issues continued to Services Administration for the EisenPresident or to a billions 1977, Describing $83 producservices from $23 per capita by rate principal attention as the fiscal year starting July 1 and tion of $3,300 in terms of 1952 howers economic program as a billions in 1952 Canadian Eisenhower administration con-- I would remain available until Murcontinued for was formula growth," dollars, predicted by tinued to sit on recommendations spent. Commission ray Shields, vice president and the speaker said it contemplates Industry sources estimated that Mr. Shields went on to say of the U. S. Tariff I chief economist for Bank of the tax reduction to provide support from 10,000 to 12,000 tons of zinc prices. for bolstering Manhattan Company in the open- for investment and stimulation that the fact that Latin America Mascot Mines and Highland and 5,000 to 7,000 tons of lead also a great growth area is not is and of construction the before address the American e capital next Coeur I have been purchased for ing so generally appreciated. While Surprise may be the flexible Association's an-1 gener- equipment industries; Management district firms to piling at the current market al management conference at the price supports for agriculture, noting that there is political and nounce acquisitions in the Colo I prices of the metals. From Utah Hotel Statler in New York the plus tax relief for soil' conserva- financial instability in some Lat- rado area. Both came a complaint that the stock-thes- e plateau uranium week of June 21. zinc-leation; and social security, labor in American countries, he charPine Creek pro piling program has not increased Mr. Shields observed that the measures, and tax reductions for acterized the rate of progress in ducers have men the prices of the metals enough key production recent business decline has lost consumers to increase disposable the region as nothing short of in Utah. to do any good. phenomenal," supporting this I momentum and incomes and em- incomes. continued Western Silver-LeaThe lower prices were blamed In the foreign field, the Ad- with these figures: population to be a trading favorite among f0r ployment are leveling out along declines in mine output a plateau only moderately below ministration program involves has been increasing at a rate of stocks listed on the Spokane I and sharp of production in the value 2.5 2 more to percent per year, the high Jevels of last year. military continuing large-scalthe Stock although dAlene Coeur exchange, mining region. Re-- . He applauded the Adminisand economic assistance as well than any other great area, and Wallace firm has not made any I with the Shoshone tration "refusing to be panlck. as government guarantees of Latin America is still underpop- official announcement regarding ports filed assessor showed producCounty ed into big deficiteering. He some of the rides of private for- ulated in relation to its great re- es metal atomic into the 18 cent in 1953 and tin down entry sources. per also said it was of the great- eign investment. race. Golconda Lead Mines may I value of the production off 22 est importance that the recesThe Bank of the Manhattan Per capita production of also announce uranium acquisi- - per cent from 1952. Output sion has shown no signs of de Company economist pointed out Italed 1,585,405 tons, worth $40,- goods and services has been very shortly. drillincreasing at roughly 3.5 per-ceHypotheek resumed core 537,717. Bunker Hill led with San Juan in Utahs County per annum. ing $11,217,360 in gross value of a delay caused by a fish- - auction. The districts Big Six, Approximately 16 percent of ing" job to recover a lost drill bit bunker, American Smelting & national income has gone into in- at the point. The most Refining, Sunshine, Heda, vestment, so that the stock of formation now is being ig and Day Mines, accounted for has risen worker per eritered. capital 92 per cent of the tonnage and about 35 percent in 8 years.' Other Coeur dAlene district 95 per cent of the gross value. Mr. Shields forecast that the Grandview Mines , diamond mining companies now active in future trend of growth in Latin the Colorado Plateau are Silver at the America will be at an even more Buckle, Lookout Mountain, In- drilling exploration in Stevens prospect rapid rate. As- a result, the end spiration Lead, Nancy Lee, Silver County has partially outlined a of next quarter century should Bowl, Signal, New Era, Coeur I fairly iarge body of pyrite se this area with a population of Silver Giant and Cale I faining scattered lead-zin- c a 365 millions, more than double Silver-LeadThe last six 1 eralization. On the theory the the 170 millions in 1952 and 50 firms are operating through U & could be a halo around percent more than the U. S. will I Uranium .Corporation. Several apyrite lead-zin- c ore body, the govem-Britis10 Exchange Place have then; it will be producing Columbia 3200 feet of authorized ment has at a per capita rate (in 1952 dol- producers have entered the Colo- DMEA is putting up half lars) of $750, more than three rado Plateau uranium hunt. I drilling. the costs, repayable from times the $238 per capita in 1952; to join the search is Pio- duction only, and it will be generating a gross neer Gold Mines. Idaho Mary- product (in 1950 dollars) of $274 0ld KS I ready to issue stock tor billions vs. $40 billions in 1952, in the successor firm, Sum share, an Increase of almost 600 per- KW0 acre, southeast of Moab, I asked aid of three-quarte- I dol-lors- ." zinc-lea- d stock-dAlen- d d e I I to-tio- ns nt pro-aft- er I 530-fo- & ot Polar-favorab- le Dosser-Maki-Lot- ze . - ' I - cori-dAle- ne min-doni- . h lead-silver-zi- pro-Late- st - URANIUM SECURI TIES Brokers 'Tr )Te cent. - Traders He called for a cooperative effort involving the use of several devices to insure that this great ,nArrr 2?, firm will be delisted at the Spo-kane Stock Exchange but the ra,eSZST, Underwriters v are, wffl be quoted on growth potential will be fully diate increase InAuthorize on tariff, utilized. These included large market. and lead. The association asked the World Bank and Export-ImpoSunshine - Silver Dollar - Po-Bank lines of credit; establish- him to impose import quotas if I laris: Operating continuing ai ment of a Latin American Finan- he didnt see fit to invoke the TWX SU-38- 0 levels. These three dividend escape clause" of the- Reciprocal W1 cial Corporation to stimulate prihave been overlooked vate equity investment; creation Trade Act. Association members the current uranium were urged to wire or write the durin President in support of the organ- - km- (Continued on Page 8) izations stand. Mining men fear (This is a brief summary of that if the President waits until certain pertinent information and the July 21 deadline to make does not purport to he a complete his decision, Congress would not statemen of all material informa-hav- e time to enact new legisla- - .tion concerning the security or tion before adjournment. property described. Information N The President did ask Congress obtained from reliable osurces, for a supplemental appropriation believed correct, but not guaran-o- f $380,000,000 for purchase of teed. This is not to be 'construed strategic and critical materials as a soliciation to buy or sell DIVISION OF VITRO CORPORATION OF AMERICA for the nations stockpile. The stock. Further information would go to the General tainable from your broker). ? - hJpw over-the-count- er rt Phone 4-65- 06 - A ob-mone- I 1 Formerly the VITRO CHBUCAL COMPANY STOCKS - BONDS - INVESTMENT SECURITIES Deal witK Confidence Offices at 600 W 33rd South - Salt Lake City, Utah & CO. CALL-SMOO- T JACK E. CALL Buyers Of Uranium res STEVE SMOOT Complete and Authoritative Brokerage Service Suite 517 Phillips Petroleum Bldg. Phone 3-2- 69 1 y |