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Show PAGE Office Opened by Gullible Spenders Face Problem sors, which they must face, is from Page 1) Doxey, Merkley fields(Continued of the fact almost all uranium propa are group or they WESTERN MINERAL SURVEY Ph. 421 Church St. Clrrulutluo Dept. RU 40 C. 1st Booth Entered h- elaas lustier si Bolt Lake City, Utah. umhr Act of March 3, 1878. Subscription rates: 15.00 for two years for one year Please mention Western Mineral Sur-rr- y when writing to advertisers. Advertising rates on application. $3. CO Harry B. Miller Publisher JAREX K. MeCORMICK O 1 tjt lVt t FRANCIS JENKINS L. M. HILL Editor Feature Editor Adv. Manager Contributing Ku i w. All the news of the development of the Intermountain Section, published hr Thu Western Mineral Survey. lu the Western All news appearing Mineral Survey is obtained from sources believed to be reliable but no responsibility is asMimed lor accuracy of poration, whereby Standard is to furnish all necessary money for development and exploration of properties of Timco and MacFoss in exchange for a substantial The recently organized securiamount of Timco stock plus an ties firm of Doxey, Merkley, and operating interest in the com- Company, formerly the Doxey Investment Company, began busipany. ness Monday in spacious, new ofof details to further fices at 240 South 2nd East. OfAccording diswere which the transaction fice equipment was installed on is The company closed, MacFoss is to reimburse Saturday. customers Standard, on the basis of $1.50 equipped to provide for every dollar spent by Stand- with complete service. William and Lon Merkley are ownard for development work. Upon Doxey ers of the business. completion of payments, MacFoss is then to participate on a 50-5basis. Congo, Standard Ores Make Deal Circle Cliffs Area 0 The contracts for the agree ment were in process of preparaIn Timco - MacFoss Deal tion Monday morning according to the Surveys information. AfWith Standard Alloys ter officials of the three companies had signed them in Salt Well founded reports from sources today indicated Lake City, there were to be air Big Tonnage Seen When Timco Uranium Corporation and mailed to New York for approval MacFoss Uranium Company have by officials of Standard Ores and Program Gets Going completed an agreement with Alloys at that companys main Negotiations in progress for Standard Ores and Alloys Cor offices. several months reached a climax today with announcement by officials of Congo Uranium Company, that they have reached an with officials of & agreement Standard Ores and Alloys Corporation, in which Standard is to Toik Stock Exchanges Member Salt take over a 50 per cent interest in the Dream and Burr Trail We Specialize In Mining Stocks . group of claims, owned by Congo, and located in the Circle Cliff Loans Made on Listed Mining Securities area, Garfield County, Utah, an area now alive with uranium ex2380 Washington Blvd. 132 Main Street ploratory operations. OGDEN SALT LAKE CITY Standard Ores agrees to finance an extensive development 35 North University, PROVO 523 West Spiagne Ave.. SPOKANE program which will be supervised by the companys chief engineer, Henry Liggett. Ore in the claims has been developed to a INTERMOUNTAIN AREA'S LARGEST STOCK OF EXCLUSIVE depth of 100 feet. It was uncovered by bulldozing operations ex& tending over a distance of nine claims. BRADEN WINCHES 3 TO SO TONS Congo officials are optimistic Arrow Power Take-off- s for Winches or Damp Bodies tthe development will open up for any job We have a winch or take-osufficient tonnage to keep a large WINCHES SOME GOOD BUYS IN ARMY SURPLUS milling operation extremely busy in the near future. We Ship Daily Anywhere Orders Filled Promptly re-Hiab- le J. A. HOGLE CO. Lake-Spokane-N- ew TRUCK PARTS EQUIPMENT ff HAFER'S INC. Phone 1563 South 2nd West Salt Lake City 84-43- 11 MINE SHAFT & TUNNEL CONTRACTING We can be ready on short notice to apply onr equipment to your problems. By Olive Drabb W0BK know-ho- and w BOYLES BROS. DRILLING CO. PRONE SALT LAKE Associate Members In East Would Help S L Stock Exchange DIAMOND CORE DRILLING 84-44- 01 1321 SOUTH MAIN SALT LAKE CITY, UTAH PUBLIC OFFERING 6,000,000 Shares Common Capital Stock Price, 1c Per Share SAHARA URANIUM CORPORATION A March 15. 1955 Tke Western Mineral Survey, Salt Lake City TWO dumbells and is there a group of erties have been promoted on the men of genius outside of the AEC assumption that they have high who can improve the present pic- grade ores, for none desire to admit their ore is in any respect, ture? sensiin the low grade categories. This It is better to stay on the afhas been one of the obstacles. will line. It the of ble side inasmuch They are reluctant to admit ford us an opportunity, done compara- they have anything but shipping, as the AEC has or high grade ores, whereas, the tively little toward ores, having concentated only fact may be that such stated on those ores which bear ship- high grade properties may actuping. Likewise have been efforts ally be low grade properties of of all of the other present oper- a possible .07 or .08 average uranations in uranium areas, among ium content. There is hardly a single uranthem Vitro, U. S. Vanadium and ium miner or operator, who will those who can (A tain the best admit not this, particularly when talent obtainable. The reason the writer feels he is pinned down, and news has that processors in the low grade reached Main Street indicating field have a good opportunity assays well below .20. None of for dollar returns, is that the the privately operated mills will field is practically unexplored at accept ore under .20, although present. One of the chief prob- the ACE is accepting ore as low lems facing low grade proces- - as .10 per cent sub-margin- al Alunite Corp. To Bring Out New Fertilizer Product Expects To Ship 60 Tons of Ore At aA Time To Salt Lake For Milling and Blending Alunite Corporation of IJtah will soon announce the companys first product, The Soil-life-Form- the company expects to ship 60 tons of ore at a time, to Salt Lake City, where the milling, blending and bagging will be done. As demand increases a mill and plant are contemplated near Marysvale, Utah. In addition to the fertilizer industry, Lovejoy announced the Alunite Corporation has other plans .for the use of alunite ore. In addition to the replacement type alunite that will bea supplied by the Rocky Mountain Mining and Dvelopment Company, he said several million tons of alunite ore are under lease and A, it was disclosed today by G. Owen Lovejoy, President of the Company, with exclusively available to the Aluoffices at 141 East 2nd South. nite Corporation. A Soilif 3 compounded of Alunite, which contains the known vital elements Monarch To Issue New required by the soil, in order to promote healthy growth to 1 Cent A Share Stock At a special meeting of the plants, plus available nitrogen and phosphate. stockholders of Monarch UranThrough this renaturizing of ium Company, Thursday, March tired and sick soils, a chemical re- 3, an amendment to the articles action takes place in the soil at of incorporation was approved Natures normal speed, which re- to increase the capital stock to leases to the plants the vital min- 25,000,000 shares with a par erals and gases, thereby produc- value of one cent per share. Unbeautiful, healthy growth. der the new set up three shares ing Soilife-FormuA will, accord- of new stock will be issued in ing to Mr. Lovejoy, reinvest in exchange for one share of the the earth, the vital elements that old stock, which was originally man has withdrawn and promote offered at 3 cents. Announcement of the change was made by N. J. healthy growth of plants. new said this vice executive Lovejoy product Cotro-Mane- s, will begin to draw alunite from president. the alunite ore body of the Rocky New officers and directors Mountain Mining and Develop- were elected at the meeting. Ofment Company, of Marysvale, ficers chosen are President HarUtah. This ore body has a ley J. Corleissen, Executive known tonnage of 150,000 tons as Vice President N. J. Cotro-Manblocked out by the U. S. Bureau Secretary, J. L. Guiver of Mines. He said it is one of and Treasurer, E. R. Penrose. the highest grade bodies of re- The new directors include the placement alunite in the area. officers, and Sid Eliason, Obra According to present plans, Wiggle and K. E. Bullock. Mr. Cotro-Man- es said Monarch memberships to cooperat i n g has shipped three and one-ha- lf brokers in other cities of the tons of .66 per cent ore from one United States. It would mean of its properties in Court House a substantial reserve to the Wash, Grand County. He said treasury of the exchange and and additional four tons of .66 a more satisfactory way of doing ore is stock-pile- d at the mine, customers for from the business shipment as soon as ready la Some months ago the proposal was offered among members of the Salt Lake City stock exchange to accord the privilege of associate membership on the local exchange to a limited number of Eastern brokers. Under the existing schedule of commissions charged for stock transact tions, it now is necessary to exact a commission from a sale here and a second commission is necessary to a broker back in New York, where cooperation of both is required to complete a transaction. The Salt Lake Stock Exchange would make a forward step by offering from 50 to 100 associate standpoint. es, weather permits. Grinding Balls Order corporation to be organized under the laws of the State of Utah Offering restricted to bona fide residents of the State of Utah "C" For Fall Particulars. Write or Call NED J. BOWMAN CO. INVESTMENTS 10 WEST SECOND SOUTH SALT LAKE CITY, UTAH PHONE . 81 - Process - of - Shell - Molded Castings Write or Wire for Information WASATCH BALL FOUNDRY, Inc. 531 West 7th South Salt Lake City, Utah |
