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Show 4. 1935 November Page Five The Western Mineral Survey. Salt Lake City. Utab Stocks to Watch Says Blake By O. D. QUINLAN Officials of Uranus, Inc., have Uranium King is reported to have a 20 foot vein of low grade been talking merger with anothore at its property in San Juan er (substantial) uranium comcounty, seven airline miles west pany. Company has some good of the Happy Jack mine and 65 properties in Emery County. Nemiles from' Blandlng. A govern- gotiations but recently got under ment geologist recently inspected way. Further news may be looked the claims. The Williston Basin :or in 10 days. Oil & Uranium Co., drilling a channel under a mutual agreeOn the basis of the proposed ment with Uranium King, is said of 170 shares of Blue to be encountering good ore con- exchange Skies Uranium, Inc., for one stantly, some assaying as high as share of stock of National Ura2 per cent. When the Williston nium Corp., original Blue Skies operation reaches its objective, stockholders will be it will be possible under the purchasing one shareactually of National agreement for Uranium King to currently trading at $2.25 a share, start mining and shipping ore. for a price of $1.70 a This could happen any time now. share. bargain This is advantageous in Uranium King has but 3,000,000 a market price obtaining higher shares of stock which is well when the stock. selling distributed throughout the nation. The stock reached a high of 23 cents some months ago. Rico Argentine Mining Co. is a nice set-uas their sulphuric It is now about nine cents. Williston Basin has oil wells acid mill goes into production. in Canada and in the United The tremendous demand for the States. It is footing the bill for product in the uranium industry all of the present drilling while appears to guarantee a profitable Uranium King is conserving its future for Rico which is now cash. Williston Basin is to get selling at about $6.75 to $7 a all the ore in the channel until share. The annual meeting rethe cost of the channel is liqui- cently was illuminating as to dated. profit possibilities for the next several years. p Cayias, Larson, Glaser, Emery, Inc., are offering stock of American Duchess Uranium & Oil Co. around .32 cents a share. Since the recent public offering at .20 cents, the company has consistently recommended its purchase for above-averagspeculative Emergency Plan Revealed For Manganese Recovery Boom Is Over Royal Uranium at 40 cents to cents is quiet but very firm with excellent production. An 45 boom in uranium mining company stocks has practically subsided in the opinion of Mil-to-n S. Blake, administrator of the U. S. Securities & ExThe low-price- Investment A method that might be used in an emergency to recover urgently needed manganese from e open-heart- h slags is described in a Bureau of Mines report released today by Secretary of the Interior Douglas McKay. d steel-furnac- change Commissions Denver office. Blake predicted financing will be on a sounder financial basis hereafter, with indiscriminate purchasing of mining stocks terminated. Blake has jurisdiction over SEC affairs for seven states. lie based this statement on the fact that only 18 filings for new stock isues were registered in October at the Denver SEC office compared with an average of 40 filings a month earlier in the year. Blake said the failure of many companies to locate ample quantities of commercial ore. Is responsible for public apathy in purchasing low priced uranium stocks, which a year ago were highly sought after by an eager public characterized by indiscriminate decisions rather than sober judgement based on sound economic principles. Called a lime-clinkeri- carbo- ng the process, method was tested by the Bureau in cooperation with the American Iron and Steel Institute as part of a program to increase the Nations in manganese, an essential element in making steel. nate-leaching self-sufficien- States position in a highly strategic commodity, the Bureau commented. Intensive laboratory studies, made at the Bureaus College Park, Mr., station and described in an earlier report, the Bureau decided to test the process in a pilot plant. Pilot-scaltests showed that the process is technically feasible and, in an emergency, might provide substantial quantities of manganese. Although the method i scostly, the report says it yields a product that would a demand premium price on todays market for making steel and After e high-qualit- y The open-heart- h slags disas waste from docharged, yearly mestic stel plants contain almost special alloys. as much manganese as the steel Results of the tests are given industry consumes annually. in detail in the report, which conTherefore, development of a tains complete descriptions of method for recovering a substan- the process and the pilot plant. tial portion of this manganese Several tables and illustrations would strengthen the United supplement the text. Eardley Reports Increase Of U. of U. Mining Rolls Bruce Pays Off To Stockholders Enrollment in the University of Utah College of Mines & Mineral Industries has increased 15 per cent over 1954-5- 5 and e is at an peak Dr. Armand J. Eardley, dean of the college, said Wednesday. An encouraging aspect of fall quarter registration is the high number of freshman students, Dean Eardley said. We have 52 freshmen, representing more than 100 per cent increase over last year. Figures released in an interim report show 212 undergraduates, geography courses, Dean Eardley 15 unclassified students and 71 said. graduates. Most of the unclassified students are graduates who The college maintains departlack previous work in the min- ments of ceramics, fuel technoleral field and are demonstrating ogy, geography, geophysics, geolability to do graduate work, the ogy, metallurgy, meteorology, dean said. mineralogy, mining engineering He pointed out that the state and geological engineering. high school program seldom Enrollment is noticeably high brings young students in close this year in geology, mining engineering and geological engineering which, the dean said, Eardley indicated meSS would be an encouraging sign new his staff are seeking "' states mining men. ods of telling the colleges story more effectively to the young GENERAL MAPPUHTT men of the state. all-tim- The directors of the E. L. Bruce Co., Memphis, declared a divioperating arrangement cents a share on the 37 of dend Boyles Brothers, who are excelcommon stock. It will lent miners, adds to the attrac- companys to 9 of stockholders Dec. tiveness of Royal and to public be paid merit. 14. Nov. record A good interest is reported to confidence. be developing in Green River At the time the Board authorestimate Uranium and Magnolia Oil & are a there Specialists ized the quarterly dividend of Uranium, which spokesmen of the dozen uranium stocks selling at 93 34 cents a share on the two say crystalize in a very .01 cents a share that have ex- 3 34 per cent preferred stock, time. short cellent future potentialities, ,yet Dayable Dec, 31, to stockholders J V-- k the public ignores them almost of record on that date. Lone 'Star. Mining and Devel- completely, perhaps due to preAt the meeting at the companys opment Corp., of Albuquerque, vious unhappy experiences with executive offices, all retiring diN. M., has stepped up operation earlier investments. rectors the company were of broadIn a recent television of its property on the North in one exception. H. M. Holaddition to stock piling ore on cast by Art Linkletter, from who Armistead, after 25 thef Butler Wash property in San lywood, the celebrated MC dison the boaiu service years Juan county. Leo Bateman, man- patched, a messenger out into the excepted, with Fred B. Smith, ager, said one car load of ore is hinterlands of Hollywood with a Ripley, Miss., was elected in his now shipped daily. The company batch of $2 bills which were ofis in good financial condition and fered to pedestrians at $1 apiece. place. All officers of the company Strange, yet, not one of those plane soon to explore some favorable properties in New Mex- approached would take advantage were reelected at the board of ico in a few months. W. L. of the bargain. A little later, Art directors meeting following the Davidson, president, is also ne- sent a messenger to the side- stockholders meeting. Willard B. Lewis, Pres. Recognized as one of the top walks with some $5 bills which gotiating for other likely Map Drafting & Enigneering were offered at $2 each. Still no mining colleges in the nation, Drafting the U school is contemplating inkers. When $50 bills offered at WILLIAMS HEADS EM 310 facilities Bldg. Judge the need for expanded $10 were persistently refused by CAPITOL SEC. EL Call No Answer classes If overflow to handle some he onrushing pedestrians, it proand technical laboratory, sections, For Inquiries Please Write n vided a definitely clear appraisal Murray Williams, enrollment P. 0. Box 954 being particularly of the publics suspicions. People Salt Lake businessman, was re and basic the in have to geology are loathe anybody try cntly appointed manager of Cap- heavy have be- itol Securities, Inc., 303 Darling and to hoodwink them, Uranium Company come ultra skeptical. Bldg. A Division of the Vitro Immediately after he took over Corporation of America new duties, Willims announced . . . Buyers of Uranium Ore Scholarship Offered his IT GETS 'EM that Capital has returned to its . . . Independent Sampling The New Mexico Institute of former policy with Salt Lake Ex. . . Bail Shipments Invited MANUFACTUBED BT at Socor- change commission schedules in and Technology Mining From Green Biver and ro has established a new scholar- effect immediately. NATHAN W. DAVIS LABORATORIES Marysvale Area ship reportedly made possible by Board announced the was that It a gift of $2000 from a recent of Directors unanimously approv3474 South 23 rd East Send Correspondence and graduate. SALT LAKE CITY ed a vote of confidence for WilSamples to: The award this year was divid- liams. R. B. COLEMAN, Ore Buyer Now Featuring Agricnltnral Insecticides ed between Donald Pence of Los 600 West 33rd South Securiof The position Weed Kill Capital SoAgricnltnral Spray Angeles, and James Hollinger, acbe Salt Lake City 15, Utah will ties by strengthened corro, seniors in geology and FH0NE IN quisition of new financial rephysics respectively. sources, a spokesman said. with e, . re-elect- meh lSJTJS 82 well-know- NATHANITE EARWIG LUNCH 14 Lees Body and Paint Shop 0TLER, Owner LEE W. The company is underwriting a new stock issue for Beak Uranium Corp., which recently reported rich ore discoveries. AUTO AND TRUCK PAINTING EXPERT METAL WORK smuinncG m jeep bout - bepaih add puhtihg Phone EM South Main 3-41- 679 LOOK FOB US SI 530 SOUTH 2nd WEST ufocribe Jcrtke Icjaij " 7-56- 76 VERD'S SAVE WAY STATION VERDEN 82 0UB HEW LOCATION BT NMAS DIAL IN C. HEATON, "BEELINE11 -- Premium Prop. PRODUCTS Gas For Highland Drive Dial IN 6-00- 71 1 |