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Show September 14, 1956 Page 7 THE WESTERN MINERAL SURVEY onaress 1 Los October Angeles Meet Kaiser Aluminum Shows $43 Million Sets Congressional Speakers Net Earnings For Fiscal Year WASHINGTON, D. C. Members Congress, Administration officials, and leaders in the mining industry will address will be using aluminum, at twice and more than the 1956 Metal Mining and Industrial Minerals Convention the present rate Los Angeles, four million tons of aluminum a Exposition of the American Mining Congress at 1. October of week Kaiser stated. Mr. the year, The last ten years have witThe preliminary program for the meeting, just released, nessed the aluminum industrys includes a wide range of subjects and speakers that will bring greatest expansion. Ten years ago out the best of the on national mineral of Net earnOAKLAND, Calif. of Kaiser & Aluminum ings were Chemical Corp. $43,293,295 for the fiscal year ended May 31, 1956, according to the 1955-5- 6 Annual Report released today. This included $2,556,152 income. Earnings increased 52 per cent over the $28,565,377 reported for the previous fiscal year. Net sales were $330,712,209, a 23 per cent increase over the previous years $268,133,162. New records were established in production, sales non-recurri- and earnings. Henry J. Kaiser, chairman of the board and president, in his message to stockholders made special note of the fact that with this fiscal year the Kaiser Aluminum & Chemical Corporation has completed its first ten years as a major aluminum producer. Aluminum usage in the United States continues showing the rapid growth that has characterized the industry for the past several years. It is our conviction, based upon our extensive surveys, that this trend will continue and that by 1965 the United States WITH THE HELP OF AMANDA, YOU CAN NOW there were 4,500 manufacturers usin galuminum in the United States. Today there are more than 24,000 many producing new and better products of aluminum that were unheard of in 1946. During this period, the corporations production of primary aluminum grown from 59,802 tons for the 1946-5- 7 year t o427,267 tons for the year just completed. Employment has risen from 3,800 to more than 17,000. Total assets have climbed from $27,891,000 to $489,827,000, and net worth has increased from $10,997,000 to $223,960,000. Today we mark the beginning of our second decade in alumi- num with a major construction program. Answer Your Telephone even you re away Lost telephone calls can mean lost business. But there's no need to lose a single call with this new telephone equipment. When connected to your telephone, Amanda will answer an incoming call with a message previously recorded in your own voice. Then it records the caller's message. ... Amanda is easy to operate the answer to many a secretarial problem. The installation charge is modest, and the rental fee (exclusive of taxes) is only $12,50 a month. For Complete Information and Demonstration Call or Visit Your Telephone Business Office Fortune Core Drillings Show Good Prospects New Fortune Mines Ltd. reports that good intersections have been cut in hole B3 since the switchover to'A'-cor- e in the drilling proon the gram companys 6,000 acre Honduras copper claims. Hole B3, testing the Batan showing returned a total of 14 feet of mineralized core (not consecutive) averaging 3.40 per cent copper and small portions of core were lost in the ore zones. Values were 1.67 per cent cu. over two and a half feet from 23 to 25.5 feet; 10.98 per cent cu. over three feet from 28 to 31 feet; three and a half feet of .30 cu. from 39.5 to 43 feet; and 2.5 per centcu. from 55 to 60 feet Company officials state that technical drilling difficulties have been overcome, that core recovery is good, and present drilling is believed to be opening ore zones confirming excellent surface indications. Diamond drilling contracts have been let to Inspiration Mining & Development Co. whose personnel are already on the property. Another drill will soon be in operation. Magnetometer and surveys on the New Fortune property have located large anomalies, registering 10,000 gammas, extended to 4,500 feet in length and 1,500 feet in width. Company engineers believe the anomalies may be a faulted extension of the original Batan surface showing which averaged 3 per .cent copper over a width of 50 feet, and length of self-potenti- 700 al feet. New Fortune is also presently studying the possibilities of profit in shipping nickel concentrates in the from the Hall Rottenstone Lake area of Northern Saskatchewan to the Sherritt-Gordo- n ore-bod- y smelter at Fort Saskat- chewan. y The Hall nickel-coppe- r is estimated to have a gross value of $2,500,000 and would be mined on a salvage basis with a portable mill. The company also holds claim-group- s in the Oka and Chiboti-gama- u areas and in Desmesloizes Townships. ore-bod- industry policies thinking and on production practices in metal mining and industrial minSlated for discussion during the erals operations. convention are such subjects as A number of outstanding Con- national mineral policies; labor md management problems; taxagressmen and Senators will play a leading role in the Convention tion; gold, silver and monetary policies; public land problems; activties. Senator Barry management matters; significant (Rep. Ariz.) will present in industrial minhis views on labor relations and ievelopments of the various state the erals; States rights at an afternoon metal mining industries; health session, Monday, October 1. At and the same session, Fred A. Hart- and safety; uranium production potential consumption; and a ley, Jr., former Congressman and host of subjects of interest to of the Act, those involved in the will appraise that Act as it exof the mines, smelters, operation ists today, while Leo Wolman of mills and quarries. the National Bureau of Economic During the meeting the mining Research, New York City, will Industry will adopt a series of outline his views on union resolutions setting forth its views monopoly. on national policies which affect At a session Tuesday afternoon, mineral production. Several thouOctober 2, Senator Thomas E. sand mining men from all parts Martin (Rep., Iowa) will preside of the United States and from forover a panel on taxation, while eign countries are expected to atSenator Wallace F. Bennett (Rep., tend. Utah) wil ispeak on the Silver In addition to the Convention Situation." sessions, those attending the meetSenator Clinton P. Anderson ing will have the opportunity to of over 160 (Dem., N. Mer.), chairman of study the products of machinmanufacturers mining the Joint Congressional Commitwhich and will be ery equipment set tee on Atomic Energy, will on the in Shrine Exposidisplay forth his observations on uranium ofthe tion Convention site Hall, and nuclear energy at a session and Exposition. dealing with the future of uranium, Thursday afternoon, OcOn October 5, trips to nearby tober 4. mining and mineral processing Senator Alan Bible (D., Nev.) operations have been arranged will be the feature speaker at a for the Convention visitors. special conference on Strategic Minerals on the same afternoon. Gold-wat- er Taft-Hartle- y co-auth- or day-to-da- Speakers from the House of Representatives will include Reps. Clair Engle (Dem., Calif.), William A. Dawson (Rep Utah), and Cilff Young (ReP., Nev.), all members o fthe House Interior and Insular Affairs Committee. Engle, who is chairman of that Committee, will speak at the opening session of the meeting, Monday morning, October 1, on national mineral policies, while Dawson will preside over a session devoted to public lands problems on Wednesday morning, October 3, at which Young will discuss the need for curbing military land withdrawals. Administrative agencies will be represented on the program with talks by Elmer F. Bennett, Assistant to the Secretary of Interior; Edward P. Cliff, assistant chief, U. S. Forest Service; Thomas G. Nolan, director, U. S. Geological Survey; Paul T. Allsman, chief engineer, U. S. Bureau of Mines, Henry N. Doyle, assistant chief, Occupational Health Program, U. S. Public Health Service, and Dr. Robert H. Flinn, chief of the Division of Health, U. S. Bureau of Mines, all of Washington, D.C.; Allen E. Jones, manager, Grand Junction Office, Operations Atomic Commission, Energy Grand Junction, Colo.; and T. E. Howard, U. S. Bureau of Mines, Spokane, Washington. Industry - leaders from all branches of mining will present talks during the four-dameeting on a wide variety of problems, both economic and operating. y y Subscribe Today for the Survey Bueno Mining Co. Gets Lead Silver Properties The Bueno Mining Co. has completed a purchase agreement of lead-silve- r property a short distance from Gold Hill, Utah. Surface assays of exlead and silver average posed from $135.00 to $250.00 per ton. According to George B. Alder, president of Bueno, extensive work Is being done to expose the ore at depth. One hun- dred twenty-fiv- e feet of tunnel has been driven, and according to survey reports, an additional 20 feet will put the tunnel directly below the rich surface fissure, giving little better than 110 feet of caking. The company has made a good strike" on its Bright Day claim .and it is anticipated that shipments will start from here within a few days. The ore is averaging $48.50 to $70.00 ton, according to assay reports. The company is also planning the construction iot a mill to process lower ores. grade 100-to- n |
