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Show DECEMBER 14. 1954 The Western Mineral Survey, Salt Lake City. Utah PAGE TWO "DEPRIVES ITSELF CAPITAL" Mont. Land Board Blasted Montana is depriving itself of untold invested capital because of the stringent and arbitrary actions of its State Land Board, according to Fred E. Woodring, Executive Vice President of the Rocky Mountain Oil and Gas Association, in an address before the Oil and Gas Assooil industry taxation men at the ciation Meeting at Forth Worth, Texas. Mr. Woodring stated that this deplorable situation leaves the state pregnant with dormant petroleum reserves. Taxes on crude oil production in Montana are among lature changed the old twenthe highest of any of the ty year lease law limitations to permit a so long therethirty oil producing states. On settled production Monafter as oil is produced in tana tax per barrel cost is In commercial quantiles possibly exceeded only by term. Mid-Contine- nt Rock group of , claims, in which the company has a considerably greater interest. All shares of the firm are owned by six Kellogg Signal, New mining companies Era, Nancy Lee, Silver Bowl, tion as a national defense meas- Coeur dAlene Silver Giant and ure. It said producers still are Caledonia Silver-Leastruggling to survive a flood of Metropolitan Mines, which for imports gfriced below the average cost of domestic produc- years has been watching Suntion. Domestic zinc output has shine develop its northern Idaho been less than 40,00 tons a month silver belt property, is going out this year, vs. 60,000 tons in 1952 after production of its own. It before foreign metal flooded our uranium has purchased a markets. Mi - Mining Development of the week was the base metal industrys renewal of its drive for relief from conditions that have given it a depression look. The National Lead & Zinc Committee charged that the governments stockpiling proits gram1 has not acomplished a of purpose strong maintaining domestic lead and zinc mining industry. The committee urged enactment of additional protec-- lights d. 25-clai- m prospect in northern Garfield Business was up at the Spokane Stock Exchange in November. A county, Utah, adjoining ground ' plans e total of 811, pi shares changed which Highland-Surprishands, versus 654,082 in October to start drilling next month. It Provo Steelworker and 486,327 in November of last also has taken an option on acLouisiana, The industrys expansive deyear. Valuation of the shares was quiring control of the Black Bear Montana assesses crude oil proFor Honored has been program velopment $300,395, compared with $248,302 mine in Burke duction by the ad valorem tax to a virtual standstill on canyon northeast and $264,390. Share volume leadmethod as well as a fixed pro- brought state lands. The obstacles posed Forty Years Service ers were Western B with 201,-37- of Wallace, Idaho. The duction tax; producers also pay a unreasonable and discouragby Grandview with 87,540, New which adjoins AS&Rs Frisco conservation tax. An old time Provo, Utah of Land State actions the ing g with 74,850 and Inde- mine, has a long record of pro An made Montana one of steelworker recovering from an Hilarity Lead with Board has 63,775. Dol- ductlon and known ore bodies are penalty of $2.00 per acre has been' the darkest spots in the Rocky operation was honored here re- pendence available for stoping demanded of all operators hold- Mountain cently for 40 years of continuous lar value leaders were Pend reported main adit level. above region. the service with the United States Oreille with $50,532, Sunshine ing state oil and gas leases. The drillthe $2.00 Taxes, with $38,360, Sidney with $25,409 arbitrary $2.00 drilling penalty is assessed Steel Corporation. Clayton Silver's new 500 level unconstituthe and penalty, and Polaris with $24,519. ing not a well is lease if state all on' is vetB. Alexander looking good. Ore was found Faulkner, commenced within two years, re- tionality question all lend to the eran sooner than expected (only 200 A new rolling mill employee at the to oil ophigh of $12 was gardless of location or the extent further discouragement Columbia-Genev- a the shaft station) in feet from Corporations reached by Sunshine Mining of experimental development. erators who have wanted to in- Steel Division, Geneva Company shares this week at the driving toward the South ore The drilling penalty has been an vest risk capital in Montana. In was too ill to receive theWorks, stainSpokane Stock . Exchange. The body. A bore toward the North this discouragement has reimportant factor in the concella-tio- n turn, less steel wrist watch emblematic boom in stock of the worlds ore body on the new level has of Mon- sulted in calculated loss of sev- of 40 of more than 50 75 but of his years service, largest silver producer started on progressed 600 feet, or halfway. tana state school land leased eral million dollars to the school fellow employees who have piled the New York Stock Exchange. Production is 100 tons of funds of .Montana. acreage. ore daily, with 1000 more than 2,190 years of con- Hecla, Grandview and Golconda The loss, some $3,900,000.00, is up The State Board of Land tons of zinc concentrates in the tinuous steelmaking service with also showed strength in the face now being made up by increas- U. S. Steel Commissioners were primar-l-y received special serv- of a tendency for prices to drift stockpile. ing the mill levy rates on an ice pins and awards. responsible for declaring lower. the 1953 Oil and Gas Lease property in order to augment the Highland Surprise is shifting At a special banquet here tolead-in- c lease money shortage. The indusits Act amendments unconstituimmining operations to Golcondas outlook was service award night climaxing atIt is abandontional. The Land Boards acgreener try, mindful of the untenable pastures. good-grade day at Geneva Works, Lawr- proved by disclosure that Coeur d'Alene district its tion has made it impossible mosphere in Montana, has refus- ence F. Black, ing leadline ore had been superingeneral to accelerate ed level to its of Montana State for the exploratory tendent, presented the awards opened for a distance of 100 feet deep exploration project, lease any of its state owned . operations on the basis that a fair to the employees who have in drifting easterly on the re- which has yielded only meager school lands for oil and gas rate from its investments will not reached 25, 30 or 35 level of results, in favor of a property of cently reopened 160-foyears development, Thr 1953 Legis the mine. The level yvas reopened-t- o near Stanley, north of Sun Valjbe realized. service during 1954. gain access to an area where ley, Idaho. Ore salvage operations The following awards were preold maps indicated1, ore was left at the northern Idaho property sented for 35 years of continuous service: Joseph W. Faherty by earlier operators. Some 600 probably will be left to leasers. and Philip L. OMahen; for 30 tons of ore has been stockpiled Vulcan Silver was one of the years of continuous service: A. O. for later milling. Current pro- highlights of the market this SALT LAKE CITY. UTAH 1570 SOUTH SECOND WEST Anderson, Wallace Beagley, Bird duction is 30 to 35 tons a day. week. Optimistic predictions by Beardall, A Harry Beighley, WE SPECIALIZE IN A $20,000,000 minimum value companys management brought Erie V. Boorman, Sr., David L. was set by engineers on the Ra- about saes at the $4.50 level. Trucks Drive T. John Wheel and 4 Carter. 6x6 Bramall, Army don uranium ore diamond American Smelting William Christensen, Day J. C. drilled in San Juanbody county, Mines Callahan Zinc and Hecla We also have Army Winches and Hoists and Christiansen, J. Ray Clark, Arn- by U & I Uranium, Inc., ofUtah, Kelwill also benefit materold Clegg, Clifford H. Crandall, USED parts for ARMY and CIVILIAN was announced officially Miningfrom this venture. It logg. Coeur Morris Dallin, N. A. Ence, M. that commercial ially ore had been dAlene American made trucks Mines, Silver, Filmore, Ralph B. Foote, W. K. found in 31 of 34 holes drilled to Buckle Silver ExtenVulcan and Wells T. Dean Forshee, Hansgen, PHONE of about 700 feet and that sion own D. Hardy, Cohen E. Henderson. depths claims. adjoining an ore channel about 2400 feet F. R. Hitchcock, Ernest W. Sunshine Consolidated Strong long and 400 feet wide was IndiHowell, Vincent J. Hooper, Jr., cated. be- and active today with rumors now are Mining plans R. L. Ivie, Wm. Earl Johnson, formulated. Meanwhile, prep- from the Sliver Belt that they E. L. Kammermeyer, Howard M. ing arations are being made to core have a bonanza in their propKaufman, Anton Kodel, Reuben drill the adjoining and larger Hot erty Kramer, Leonard Leetham, Alvin E. Lentz, Claude S. Lewis, Ray Liddiard, H. B. Makin, Ernest E.' This is not to be construed as an offering of these securities for sale. Maland, Dean J. Markman. William B. Mayfield, George The offer is made only by means of prospectus. W. Morgan, Harold Newton, SHAFT & TUNNEL WORK Leonard B. Nielsen, George W. WE CAN BE READY ON SHORT NOTICE Nutt all, William J. Peterson. mine, 3, abitrary non-drillin- 3-y- lead-zinc-silv- ot Bentons Trucks and Equipment 61 ... DIAMOND CORE DRILLING Mine Contracting . ALPINE URANIUM CORP. TO APPLY OUR AND KNOW-HO- W EQUIP- MENT TO YOUR PROBLEMS. BOYLES BROS. DBUUNG CO. Phone Salt Lake 84-44- 01 1321 South Main ; Salt Lake City, Utah Robert C. Prince, Walter M. Prince, Roy Rowland, Eugene M. Roylance, S. Thomas Smith, Darwin A. Taylor, A. E. Terry, H. M. Vest, Edward L. West; for 25 years of continuous service: Clarence Andersen, Harry. Dudley, Charles Edwards. William J. Griffits, J. A. Har-warL. D. Hatch, E. John Hunter, Clifford L. Jenkins, Archie Kay, Sam J. Kinser, Horace Lunceford, George W. Charles H. Measom. Moulton, Harold E. Nixon, Charles N. Porter, C. R. Pulsipher, Ralph W. Morgan, Bacil D. Edward J. Schnore, Moorlan E. Snow, R. D. Snow and Arthur d, Sturgill. Offering 7,500,000 Shares 3c per share Alpine Uranium Coxp. is a mining corporation organized to explore for and develop uranium and other mineral properties. The corporation owns, leases or is purchasing, individually and conjointly the following properties: A. 57 Uranium claims. Marble canyon. Axis. B. 12 Uranium claims, near Dead Horse Point Moab area. Utah. C. 4 Mineral claims, Stevens Connty, Washington. D. 20 Mineral claims, Stevens Connty, Washington.. E. 500 Acres of oil and gas leases. Last Chance structure. Emery Connty, Utah. P. Gas and oil royalty interests in 1280 acres of land. Cisco area. Grand Connty, Utah. An offering circular giving more information about this corporation may be obtained from ALPINE URANIUM CORP. Zion's Savings Bank Bldg. Tel. . 9-46- 12 Please send me a copy of the offering circular relating to Alpine Uranium Corporation. Nam- eAddress ' er ' |
