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Show Oil Gains Prominent Spot In Western States News Trailer Villages Still Serve Stocks To Watch By O. D. Quinlan Wyoming Uranium Co. officials estimate they shipped 600 tons of ore in August and say they expect to ship 1000 tons in September and 1000 tons in October. Ore from the companys Helen May claims in the Crooks Gap area of Wyoming, according to company spokesmen has been assaying .25 per cent. Negotiations are reported in progress with Vitro Minerals and Climax Uranium for the latter two to go to work on Wyomings School Section 16 in Crooks Gap. Monte Carlo Uranium is said to have put down nine consecutive holes on their Jupiter claims. The poorest hole showed four feet of .35 per cent ore. Results varied from 4 at .35 per cent to 17 from .18 to .70 per cent. Three of the holes are on the north boundary, four on the east boundary and two in the center of Jupiter September 9. 19S5 The Western Mineral Survey. . Salt Lake City. Utah Page Four No. 2. Uranium is described as a hot by spokesmen of the company. Two or three important developments are reported to be momentarily in the offing that could make stockholders happy. The stock is still in the offering stage at 2 cents a share. Woodey Searle is Uintah president. Properties are six miles south of Vernone al, Utah. Stock of Big Horn may have More than one million dollars has been set aside by Mountain Fuel Supply Co. to drill four wildcat test wells in the area before the first of the year. This announcement was made by W. T. Nightingale, MFS president He said the wells will be drilled in the Colorado Plateau area, northwestern Colorado and two in southern Wyoming. The top executive also said the firm was assessing the value of a uranium discovery made in southern Wyoming, which he indicated has some commercial possibilities. The oil scene in Utah was in creasing its perspective this week. Three major companies announced selection of sites for at least five new test wells. Inter-mounta- m n Harrison S. Brothers said he has hopes for Consolidated Eureka as the ore is widening out and has gotten deeper. Some weeks ago he recommended it at 90 cents a share. It is now much higher. Brothers also believes Rico Argentine at $7.25 to $7.50 many still be underpriced. New Fact Book Relates Great interest in Jewel Ura nium prevails in Salt Lake City. It is a very tight stock. Grant Shumway is developing Atom claims, one to 36, and Sun claims, one to 36 in San Juan County Both sets of claims originally were destined for the portfolio of Shumway Uranium. They were taken out of the portfolio by Richard L. Johnson, and Granl Shumway, and put in the portfolio of Jewel. Johnson Presi dent of Jewel and Grant Shum way, is also general manager. Terrific interest is developing 8 cents to 9 cents on Thursday. People from Grand Junction and Cortez, Colo, who entered the situation, when Foley Brothers, drilling contractors, were bought out, are said to have friends who have faith in them. in Ula Uranium quoted andLd' Rex Firth, president of Desert Queen Uranium Corp., said today that a prospectus will be issued next week describing the new issue of 150,000 shares of Desert Queen stock to be offered to the public at $1.00 per share. The offering is to be underwritten by Selected Securities, Las Vegas, Nev., of which Dale Bennett, of Salt Lake City, is manager. President Firth said he plans to talk with Milton H. Love, Utah Securities Commission chairman, relative to obtaining approval for sale of Desert Queen stock in Utah. Selected Securities Corp., has a local office in the Atlas Bldg. Complete Insurance Protection Performance & Surety Bonds FORMS OF LIABILITY Auto - Fire - Theft M. G. NELL, 47 Res. Phone 26 I NeW Life U I field. operation. Studies are under way to deterSome ore is obtained although mine the most economical methis a slow operation, officers it ods of treating the complex ore said today. for most profitable recovery of George C. Heikes, for 34 years its mineral content. Although the first commercial well drilled for petroleum came Union Vote into production in 1859 at Titus-- 1 For Potash Men ville, Pa., one David Beatty acNew Mexico Bureau cidentally created an oil well in The' CIO United Stone and AlKentucky some 40 years earlier Products lied Workers have won while drilling into a brine forto the represent 462 Potash right mation for salt. Co. of America production workThe unwanted petroleum that ers in a run-of- f election held at spurted forth was permitted to Carlsbad, N. M. flow into Cumberland River and The election results left the covered the surface for 35 miles. International Union of Mine, Mill It caught fire and caused ex- and Smelter Workers .with juristensive property damage along diction reduced to one company the banks. unit. to Anacondas mining expert In Denver, will cooperate with Dan OTiaurie of Pioneer. Ample finances are available it is reported. Prospecting will be conducted with the latest methods. British Western American had $200,000 on hand when the merger took place two weeks ago. Pioneers reserve was down to a point 'between $50,000 and $75,-00- 0. Pioneer stockholders receive one share for four of its old stock. Original Pioneer incorporators are to be allowed one share of new stock for 15 shares of the Mine-Mi- ll had represented the original stock. The Bureau report also shows Potash Co. of America workers The new company will have a that contrary to popular impres- for 17 It now represents little over 900,000 shares of stock, years. sion, a handful of companies do the 425 workers at Interna- reports said. Cash resources of not control the oil and gas indus- only tional Mineral and Chemical the new company are estimated tries, but that more than 18,000 at $250,000. firms are engaged in exploration, Corp. drilling, and production. In addition, many thousands of busiNOTICE TO STOCKHOLDERS ness establsihments are involved with refining, transportation, and marketing. The Utah mining and oil industries will hold down a main attraction at the Utah State Fair Sept. 16-2Displays from all phases of the two industries will be located in Manager nine I 5. Phillips Petroleum Building Bus. Phone a I A new fact book conceraing Americas vast petroleum natural gas industries has just been completed by the Bureau of Mines and now is available to persons seeking authoritative in- formation about a nationwide enterprise which has invested more than $45 billion in resource development, the Bureau reported today. Equally interesting to the layman and technologist, the pub- lication is crammed with historical descriptions and contains and the many uses scores of significant items about transportation, of petroleum and natural gas. current reserves, production, It tells about the first tanker, first tank car, first refinery, and even discloses that the first flow Desert Queen Issues ing oil well actually was an unfortunate mistake. Prospectus; Stock NELL INSURANCE AGENCY ALL located in west Millard and the second in the Rapid progress is being made Four Corners area. at the Kingman, Arizona, propMeterties of Gulf Oil Corp., told their plans mine in for a second well at Brennan Botreactivating als, Inc., works that had been abandoned toms in Uintah County. in 1917 when the mill and ore Standard Oil of California addbins at the rich Golconda shaft ed to Unitah Basin activity by were destroyed by fire. two new wells at their According to the companys projecting Field. Wash Red first progress report to stockhold El Faso recently completed a ers, all evidence at the time of the fire pointed to the presence of farm-ou- t from Gulf Oil Co. on a ore of with bodies Southman Canyon Unit in the very large content zinc, of copper, lead, Uintah Basin. high gold and silver. In the San Juan County area These known facts in the hisOil & Gas speculated Stanolind contory of the properties are on the possibility of drilling a firmed by assays of samples of well. the considerable quantities of ore which had remained undeveloped Utah Southern Oil Co. also anin the dumps and tailings around nounced plans for a test well in the old mine workings. Utah this year. In addition, these assays showed the presence of special metals such as germanium and Indium nd of uranium, which should f lUtlCCf U.VjrUUid enhance the value of the ore. work is being I the opening of nfrf the four original main tunnels, which leads to the Golconda Tffljfh J? TlTTYi WS shaft, where some of the richest j ore is known to exist. Recent merger of Pioneer UraThis tunnel has been cleared of muck and timber, and is rap- nium Corp., with British West-idly being pushed ahead. Track ern American, gives new life to has been laid in the tunnel, and Pioneer, which is still finding ore a locomotive and ten cars are in in the Zella mine of the Uravan Arizona-Golcond- U.. S. Enterprises, of which V. $12,300 and have 1200 square feet Ross Ekins, Jr., of Salt Lake City of floor space. He said the comsecretary-treasure- r has company is planning a development pleted 20 FHA, three-bedrootract at Monticello to start either lomes in the Walker at Moab and this week started late this year or early next another group of 26 houses, the spring. first of the latter group to be Don Ekins, of Las Vegas, is asfinished in 60 days. sociated with his brother Ross, Ekins said the houses sell for in the enterprise. sub-divisio- Oil Co. told plans for two new wells One Rich Ariz. Mines BUILDING BOOM CONTINUES IN MOAB, MONTICELLO in SO. UTAH First Oil Well, A Mistake day afternoon when it traded at 37 cents a share with a bid and asked of 35 cents to 39 cents. Reactivating TRAILER CAMPS DWI N DLI IMG During the peak of the summer months Moabs back lots were overflowing with more than 700 trailer houses. The situation still remains, but such housing projects as the one described below are aiding newcomers to Moab in finding comfortable, modern homes to live in while working in the mining and oil ndustries in the area. up briskly on Wednesday with a cent bid in the afternoon. 23 x which on Wednes was quoted 28 cents to 30 day cents snapped forward on Thurs- in Ariz. - Golconda hit bottom when it sold at 20 cents a share Tuesday. It surged Col-U-Me- . the Minerals Building at the State Fairgrounds throughout the annual State Fair. UNIVERSAL URANIUM CORPORATION of Utah that all persons now owning stock immediately obtain their certificates from brokers and he sure that same have been properly transferred on the books of the Company in order to avail themselves of all rights as stockholders. . We urge CARLYLE C. EUBANK, Sec.-Trea- s. UNIVERSAL URANIUM CORPORATION |