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Show The Western Mineral Page 8 Four Mining Firms Gain DMEA Exploration Loans Utah and Four western states mining Colorado, Wyoming. The Price Exploration Co., Salt received approval of companies loans from the Defense Minerals Lake City, received approval of Exploration Administration in $18,639 on a project estimated to February representing more than cost $24,852 for uranium development in Campbell county, $106,109 government dollars. Largest loan of $56,467.13 goes to Reynolds Tungsten Corp. for Next largest loan of $i6,953 exploration and development of was given to Joseph W. Walsh for tungsten in Boulder county, Colo. uranium' projects in Jefferson Total estimated costs on the work estimated total county, Colo., is $75,289.50. costs reaching $22,604. Three additional loans were awarded uranium companies in In Utah the LaSalle Alining Co. (received $14,050 on an estimated total of $18,734 for uranium work Unlisted Uranium in San Juan county, Utah. The DMEA, according to ClarApprox. ence A. Davis, acting secretary Alco Atomic R Bapco Baggs Beacon Beaver Mesa Big Bend Big Horn Big Indian Black Hawk Blue Lizard Bonn Basin .... Br. Wst. Am. .. Calamity C Carbon Catrct. Ur Chute Can Circle CUff Col U Mez Comanche Congo Consol. Ur. Congress Oem Gold Cloud .... ... Hercules Homestead Horse Canyon .. Imperial Inter Mtn. Jewel Jolly Jack Justhelm Kane Creek Klabab Knapp Lavender Lightning Mineral Mtn. Re filtered Pathfinder Producers Radlore Rocket Mtn. .. Royal Met. M L Metro B Metro A Mineral Mt 10 01 06 06 02 Spanish Trail Spencer Standard Stardust Sterling Sun Temple Mtn. Texas Thunderbolt Jack Waite Lucky Fri New Hilarity Polaris Bllrer Mtn Sunshine . . . . ... Tri-Sta- te va . . . ... va Uranium Chief Uranium Corp. Uranium Ind. . Uranium King . Uranium Svc. Uranus U. 8. Uran. ... Utaco Utah Prem. . . Walters White Canyon . Whltelock Tank Uranium Yellow Cat . . Yellow Wing .. .02 .15 .15 .04 .00 .00 .02 .02 .16 .17 .05 .01 .01 .03 .01 V 01 .13 .04 .04 .05 .01 .04 .04 .02 Va .13 .04 .12 .00 .00 .04 .21 .03 .01 .87 .00 .00 .01 .00 .15 .05 .04 .06 .02 .04 .05 .02 .15 .06 .13 .01 .00 .05 .24 .03 .02 1.00 .01 .01 .01 .01 Cromer BrokerageStockCo. ;F .26 1.84 01 19 22 10.10 .... Sahara Sea Gull Shamrock r .01 Clayton Day Mines Gladstone Grand lew Golconda Hecla Indep. A Indep. B RepubUo ; .04 30 Tlntlo Central Tuiuc ad xTlntle Standard OH xTrans-Unlo- n Park City xUhlted Utah Con xUtah-IdahxUtah-Idah- o o .04 .06 1.60 .06 312 3.37 02 Com. Bug. 03 05 1.50 05 Sugar Pfd. xUtah Wyo. Com. Oil Victor Con xWestern Alloys xWest Toledo Wilbert xWllllston Basin Oil x Yankee Con. xZuma Ur. & Oil . . 4.50 10 62 .GO 01 03 16 .03 33 03 .05 .03 5.00 11.25 .67 .03 .04 .17 .05 .35 .05 Unlisted Stocks .06 Sales Bonanza 3000 Big HIU 1000 at 8 at 6 at 11; 1000 at 11; at 12; 3000 at 12 Colby 34; 4000 at 35 Comb Metals 1000 at 14 Comet 1000 at 500 at 7 Consolidated Eureka 1500 at 90; 500 at 90 Dragon 700 at 1.35; 500 at 1.40 & East Standard 5900 at 18; 2000 at 18; 1100 at 19 Bristol Silver 7000 at 2000 12; 3500 Rexall 500 at 7; Bid tSacka Butte High PenneU Plneco , ot Monday, March 19, 1958 Ol Jato Olympic 3 3000-foo- Spokane Stock Exchange ... ... Shumway Silver Buckle stockholders took heart with disclosure that development by Polaris of an ore zone disclosed by diamond drilling on t the level late in 1954 has so far opened ore over a length of 56 feet and average width of 6.2 feet, with assays of 22.4 ounces silver, 0.77 per cent copper and 0.87 per cent lead. SILVER MOUNTAIN followers learned that the recently started Silver Mountain 2000-foshaft east of Mullan in the eastern part of the Coeur dAlene (Idaho) mining. district has reached a depth of 300 feet. Hecla is doing the work under a joint program with Bunker Hill and with aid of a Defense Minerals Exploration Administration loan. CHESTER . Moab King Moab Ur Mont. West. Mor G & O Mother Lode Mt. Mesa Upetco 5. xEureka Mines xEureka Standard Lisbon Lucky Mo Lucky Star Marble Canyon Mayday Md Wst. Cn Ula U. N. BeryL PIC-UR- E - $11,-801,91- Crestline Elaterlte El Dorado Empress Federal Unlt.-Wy- o. Five have- Salt Lake Stock Exchange Buckeye Bui. Mon Trans. West New Mexico OK's Five Companies For Operation ! Bankers Tlmco March 23. 1956 $1,-300,0- 00 Arrov Atlas Mt. Peale Mt. VaUey Northwest Lake City. Utah new mining operations been registered recently IIECLAS EARNINGS IMPROVED. The company with the New Mexico inspectors office in Albuquerque. estimated its first quarter net income will be $160,000 or more, The operations are: compared with $88,705 a year ago. Wood Mining Co., Inc., of Al- The figures includes $90,000 in buquerque, will mine low grade dividends from Bunker Hill comVacopper in Section lencia County, about 15 miles pany. Since Polaris passed its southwest of the Rio Ruerco. Gen- usual dividend, a good share of the parent firms net income aperal manager is R. C. Wood. parently will come from its Radon Fermin Garro of Socorro will uranium operation in Utah . . . mine for gold, silver, copper and eclas annual report listed 1955 lead at an open pit operation, the net income of $495,755 from sale Two Deuce Mine, in Section of capital assets. Current assets Socorro County. of the Interior, received 45 apwere increased by more than plications for financial assistance during the year. Current Reynolds Electric Co of Santa on exploration projects bringing assets December 31 totaled on work Fe, will start the total number of applications for manganese exploratory current liabilities, and 3,870,925 on Section received to date to 3,009. $326,370. Socorro County. This is the highest number of Ivan R. Wilson of Socorro will applications received in any one month since April 1955, Davis start a custom mill for upgrading manganese ore near Socorro next said. Total estimated cost on the 45 week. W. H. Gilliard Co. and C. R. applications is $2,816,426. Davis Co. will start sand and February applications proposed Thursday, March It, 1956 in the Albuexploration projects for copper, gravel operations The information listed below la de' area. rived from various sources regarded as fluorspar, lead, manganese, mer- querque reliable, not guaranteed, but believed to uranium cury, mica, tungsten, 196 contracts still in effect as of be correct. Asked Bid and zinc in Arizona, California, the end of Listed Stack! February, with total xBanner Mining 15.60 Colorado, Florida, Georgia, Idaho, estimated cost of the work Big Hill Oil Mng. Kentucky, Minnesota, Montana, amounting to $19,724,921 and xBonansa 11 xBristol Silver Nevada, New Mexico, North Caro- Government participation of .04 xBulllon Mining 2.25 lina, South Carolina, Tennessee, xCardlff 06 xCentral Std Utah, Virginia, Washington, and Also during February, five cer- xChlef Con 80 .60 Wyoming. Con. Pfd tificates of discovery or develop- xChlef Chief Con. Warrants .. .30 During February, eight explor- ment were issued covering ex- xClayton 27 ation contracts were executed pro- ploration for copper, lead, ura- xColorado Silver 04 Con 35 xColb Resell to cost for estimated work inviding nium and zinc. Since the 13 xCombined Metals $161,996 and with maximum Gov- ception of the program, a total Comet Coaln ernment participation of $121,496. of 227 projects have been so cer- xCommonwealth Lead 90 Eureka A total of 868 contracts have been tified, having an aggregate esti- xCons. .07 xCrescent Eagle Oil 06 executed to date, with estimated mated cost of $11,176,979 and Crown Point 1.35 XDragon cost of the work amounting to Government of E. Crown Point 04 participation 19 $40,235,632 and Government par- $6,931,228. However, only $5,350,-45- 0 xEast Standard 06 Coaln Tlntle East of Government funds had xEast Utah ticipation of $24,718,523. Of the 18 06 executed contracts, 672 have been been spent on these projects by xEmplre Mines 08 xEureka Bullion brought to conclusion, leaving the end of February. 11 xEureka Lilly Con Alpine American Apache Great Chief Green Fire Green River Gunslte Sumy, Salt El Member Sail Lake Ulak Lake Citr. Sail 39 4 No. Ezckauge Place Suite Uranium Digest Upon Bequest Sun Con United la Water Power Western A Western B Bunker HiU Callahan Homestake New World Pend Oreille Sidney .05 02 30 3.32 -- 2.31 27 8.75 66 .02 37.25 04 03 Daybreak Uranium Gold Bond High Aurora High Surprta Hkpotheek Lincoln Lucky Fri. Ex Merger Mineral King . . Mohawk Nabob Nancy Lee National Uranium Nev. Stewart Ottawa Pilot Silver Unlisted Stocks 19.85 5.75 36.50 116.00 Silver Bowl 4 90 1.12 Silver Crescent Markets The following quotations are compiled Silver Dollar A from Information received from various Silver Dollar B brokers and believed to be correct. Steeks 10 American Silver Talisman Atlas 02 Asurite .15 Big Creek Apex Bismarck 16 Caledonia Callahan Con 17 ICDA Mines Over-the-count- er It Pays Dividends to Shop YOU ALWAYS RECEIVE DIVIDENDS AT 4nfi The Finest in SMORGASBORD at - PRIME RIB Salt Lake's Newest and Finest Smorgasbord LARRY'S UNION 76 Also Sizzling Steak Dinners Private Rooms for Clubs, Banquets and Private Parties Groups of 20 to 260 FINEST SERVICE Quality Products at Lowest Prices! Phone: IN 1165 California Ave. Salt Lake City, Utah 6-00- For Reservations Call 80 INgersoll 7-38- 04 3350 Highland Drive (Highland Village) N |