OCR Text |
Show MAT 3, 1953 The Western Mineral Surrey, Salt Lake City. Utah King Midas (Continued from page 1) Mines Company stockholders under the agreement would give up five shares of Madison stock for one share of the new stock of the successor company. N. G. Morgan, of the Morgan-Walto- n Oil Company, 504 Walker Bank Building, has recently taken over as manager of Kanab Uranium and is Corporation handling affairs of Kanab as a convenience for other officers. E. R. Callister, Utah Attorney General, and practicing attorney of Salt Lake, has found it impossible to devote the necessary time required for Kanab affairs and C. W. Parry, president of with manKanab, is agement of several lodges he owns and manages at Kanab, Utah. The Kanab office was espre-occupi- ed tablished at 504 Walker Bank Building two months ago. Oil Securities and Madison Mines own some valuable gas fields in Clear Creek, in Carbon County, Utah, which are now producing, whereas King Midas and Kanab Uranium have substantial cash reserves. King Mi das has $140,000 in the treasury. Kanab owns pranium proper' ties near Kanab and elsewhere in Utah and has been operating in the black for several months, officials said. A healthy oil industry is essential to the security of the United States. By injecting water or natural gas back into the ground, oil men are recovering more oil than here-to-fo- re possible. El Paso Natural Gas was reported waiting on casing at its No. Unit, C NWl SE Section one mile northwest of Peters Point in Carbon 4-- X 6E, Medniek Opens New Brokerage Offices Melvin E. Medniek has announced the opening of new offices at 442 South Main Street under the name of the Medniek Brokerage Company., The company has a suite of two rooms on the street location. Mr. Medniek was formerly with the firm of Guss & Medniek. PACK United Acquires (Continued from page 1) FIVE in production by the middle of June. The Company also has approximately 26,000 acres of unproven oil and gas leases in Utah and approximately 22,000 acres of unproven oil and gas leases in New Mexico. In addition the Company has interests of valuable manganese, mercury and calcite holdings in the Republic Howell, Earl H. Perkins, Richard P. Smoot, Joe Lyon, Jr., Joe M. Lyon Jr., Hal W. Chandler, Bernard H. Wolff, David L. Clive, Jack de Ojeda, S. Robert Gilbertson and Ralph E. Jorgenson, all of Salt Lake City; R. Brown and George W. Brown of Farmington, N.M., and Charles of Mexico. W. Hendel, of Blanding, Utah and United Western Mineral ComJ. Ted Bonner of Moab Utah. pany has also sold to J. H. WhitUnited Western also obtained ney & Co. and White, Weld & an option to acquire all of the Co., both of New York City, properties, including mine, mill 300,000 shares of its common and machinery, of Western Man- stock at the price of $1.00 per as well as an option to ganese Corporation of Green- share, acquire an additional 250,000 ville, California. shares at the same price. WhitThe properties in New Mexico ney and White, Weld have also alone comprise approximately taken farmout agreements from Western on approximately 62,500 500,000 acres of mineral leases, acres of leases, claims and perclaims and permits of State, fed- mits for the purpose of conducteral and private lands with the ing exploratory operations for the discovery of uranium. major part of the holdings being in the Grants Laguna area of Under the terms of the UraMcKinley and Valencia Counties. nium Farmout Agreement, WhitThese lands have been selected ney and White, Weld propose to on the basis of careful geological spend approximately $250,000 in the conduct of operations under and engineering studies and are that agreement. Whitney and believed to represent the choic- White, Weld have also taken a est holdings of various individ- farmout on certain of the oil uals and companies acquired over and gas leases of United Western on which it is proposed that geothe past three years. Manganlogical studies will shortly be ese properties in Soccoro County commenced. and Beryllium-Mic- a claims in Alva A. Simpson, Jr. will be Santa Fe County are among the the President, General Manager properties. and a Director of the Company. In Utah the Company holds Patrick J. Hurley, of Santa Fe 36,000 acres of New Mexico, will be Chairman approximately uranium-vanadiu- m leases, per- of the Board of Directors. Other mits and claims on federal and Directors wfll be Norman S. state lands, including a produc- Dike of Thompson, Conn., Wiling mine in the Henry moun- son Hurley of Albuquerque, tains. The Company expects the New Mexico and Benno C. former McNary claims, in the Schmidt and John K. Schemmer Circle Cliffs area in Utah, to be of New York City. Scott . WE OFFER ALL OR ANY PART, SUBJECT TO CONFIRMATION 75 08 85 02 Vk 03 03 25 3.000 Cncent Uranium 10.000 Geionimo Uranium 2.000 Consolidated Uranium 20.000 Uto Uranium 20.000 World Uraninm 20.000 Wildcat Uraninm 3.000 Bine Mountain Uraninm SEND FOB LATEST INFORMATION Fred W. Miller Ever wonder how much gas you use in a year? The American Petroleum Institute reported per capita consumption average 739 DENVER 2, COLORADO 20, COLORADO DU. Phone KE. Phone These securities are not registered in the state of Utah. DENVER PHOTO BLUE COMPANY Latest reports available describing Pioneer Oil and Drilling Company Yankee Uranium Company Chute Canyon Uranium Company Send Tom Photostats and Blue Prints to Us WRITE FOR LITERATURE James A. Reed Co. ON SUPPLIES Branton Composes Maps and Books Anomaly U. S. 6. S. Scintillation Connteis La Boo Transits C. L Levels 425 Judge Bldg. Please send recent reports on Companies indicated to namo . and address given below: Yankee Pioneer Chute Canyon I I Name I Address 123 East 2nd Sonth Salt Lake City 10. UUh Salt Lake City 1, Utah . Dear Sirs: BERGER & SONS P. 0. Box 626 632 Denham Building 1650 Newport Street gallons. Ainsworth Co. Kamp and Company & (Please Print) I |