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Show t THE WESTERN MINERAL SURVEY Page 8 New Kennecott Plant To Produce Zirconium MINING HI - LUES GROUND BREAKING is getting under way at Ford, 40 miles northwest of Spokane, for Dawn Mining Companys $3,000,000 uranium processing plant. A water system is being laid for a nearby construction town to be known as Uranium City. PROSPECTING AND DEVEL-OPMEN- T of tribal lands on the Spokane Indian Reservation will be greatly stimulated as a result extension of the of a current prospecting permit system by the Bureau of Indian Affairs. The deadline for completing exploration of permit areas and' selection of 160 acres for leasing has been pushed ahead from September 30 to December that a local market may be provided before the mill starts buying uranium ores. Also, it is understood that there is a very good chance for at least one up- Kennecott Copper Corp. will begin design and construction shortly of a new test plant in the Cleveland area to produce the metal zirconium, with operation to be underway late next year, Charles R. Cox, president, announced here today. The announcement followed completion of licensing arrangements with Horizons Titanium Corp., Princeton, N. J., whereby Kennecott has acquired licenses for the electrolytic production of zirconium and its the metal hafnium. Zirconium, one of the new metals, has im portant uses in the atomic en- expected to find use in the chemergy field. ical and allied industries. The agreement with Horizons Zirconium is relatively abunTitanium Corp. also provides dant in the earths crust, there Kennecott with options for li- being more of it than the famicenses for electrolytic production liar metals, copper, nichel and of other metals, including titan- lead. Problems of supply have ium, thorium, columbium and arisen not from the lack of mintantalum, Mr. Cox said. eral but the difficulties of proHorizons Titanium Corp. is an duction. It is this fact that unaffiliate of Horizons, Inc., which derscores the importance of Kenhas been working in the research necotts test project for the elec- grading plant. and development field of proces- trolytic production of. zirconium. RECORD URANIUM PRODUC- newer metals the the sing by fused electrolytic method for the last several years. Kennecotts interest in zirconium during the past few years has focused on the investigation of its properties and fabrication, Air. 01 .02 xGrand Deposit Ihoridiy, September IS, 1956 Cox reported. .08 06 The Information listed below Is derived xGreit Western 04 .05 He said that extrusion of zir- from sources regarded as reliable, not Horn Silver 03 .03 (Indian Queen conium and its alloys in tube guaranteed, but believed to be corect. .18 17 xKennebec Listed Steeks .17 .20 form has to date been Kenne- xBanner Mining Keystone 11.8714 x Leonora 02 .02 cotts principal accomplishment Big Hill .02 .02 xLlttle May Oil Mng. .03 & Oil .. .03 Uran. and that from this a special xBonansa xMagnolla 27 xBrlstol Silver 03 .04 xMaJeslc Oil St Mng jacketing technique has been de- xBulllon Mining . I 40 .50 xMammoth 40 Monarch 02 .03 Miller Hill veloped by Kennecott for making xBulln. f:Cardlff .07 06 xMlners Gold ' tubes for atomic Central Std. 04 03 .03 xMono Kearsarge xChlef Con. .01 .02 Moscow plants and reactors. x Chief Con. Pfd. 03 .03 xMt. States Dev Mr. Cox also noted that re- Chief Con. Warrants 02 .03 xMountaln mew x search on zirconium and the other Clayton Silver 13 .15 Nalldrlver xColorado Con .05 xNev.Tah OH St Mng. .. .04 raw metals is underway both at xColb Rexall L50 ' 1.75 xNew Park 12 Kennecotts research center at xComblned Metals 06 .08 xNew Quincy Comet Coal'n 80 .90 North Lilly Salt Lake City and at its sub- xCommonwealth Lead 02 .02 xNo Standard Uran. St Oil 02 .03 xPark Bingham sidiary, Chase Brass & Copper Comstock xCons Eureka 15 .16 xPark City Con Co. at Waterbury, Conn., xCrescent Eagle Oil . 04 .04 xPark Konold OH xCroff Zirconium has properties that .06 05 Park Nelson 07 Crown Point 03 .04 Park Premier make it desirable for use in xDragon 12 .14 Piute Uran. Corp not B. Crown Point .... atomic energy. It is only a xEast .30 '.25 xPlutus .07 06 xPrlnce Con. low neutron absorber but also East Standard Tlntlc Coaln .07 St Mng. .06 ... Oil xProsper has good structural properties xEast Utah 6.62 6.25 xRlco Argentine Mines .... 05 .05 and a high degre of resistance xEmiplre xRoyston Coaln .06 Ereka Bullion .25 23 Silver King West to corrosion. xEureka Lilly Con. .. .01 .02 xSllver Shield 03 Because of this latter prop- Eureka Mines 02 .02 xSllver Standard 27 (Eureka Standard 01 .02 xSloux Mines erty, the metal and its alloys are Gold Chain 06 .08 05 Bo. Iron Blossom by-produ- ct, 15-mon- th so-call- ed . Ac . high-qualit- e that operators are making plans. Uncle Sam may have to depend more on domestic producers. Brazil canceled a year-ol- d agreement to sell uranium and thorium exclusively to the United States. long-rang- REEVES MACDONALD LTD., MINES, reported a record first-hal- f production of 200,075 Btandard x South Oil (Swansea Con 17 xSundance Spokane Stock Exchange Oil (United Park City Utah Con. n from Information obtained' from various brokers and believed to be correct. (Utah Victor Wyo. Cons. Oil Con (Western Alloys Wilbert Stocks . Atlas Asurlte Big Creek Apex Caledonia . Callahan Con CDA Mines 811. at - Merger at .27 Plalnvlew Unlisted Bunker Sidney Hilt-1-00 at at .58 300 2000 at at at 500 16.85 Interim Ion Day Mines Gladstone Grandview 1000 Re filtered 50 ;500 at .29 Unlisted 100 at 17.20; 300 at 17.00; 17.00; 100 at 17.20; 50 at 17.20 Pend Oreille 500 at 3.88 Sidney 500 at .59 Bunker Hill 100 at Markets The following quotaUons are compiled - Over-the-Conn- .28; 500 BulUon Monarch 500 at .4 Clayton 811. 500 at .29 300 CoL Rexall 500 at at .67;at 100 .67; at .70; 100 at at Silver Ridge Talisman Wednesday, ' Acme Atlas Balboa Mining Beaver Mesa Beehive Big Plney Capitol Cataract Century .12; .03; 01 76 IS .50 Minerals Cog-Miner- Colorado O Colotah U St ....... Curb Sales Comb. Metals 1000 at .12: 1000 Zuma 1000 at .05; 1000 at .05 at .12 11 3.00 1.12 06 11 . .62 .06 03 01 04 43 08 .03 .06 .50 .11 1.75 0 .01 .13 10 .01 01 06 .09 2.00 .80 2.50 .01 .50 3.25 .13 .30 0 70 2.00 00 40 Liberty O. St U Lisbon Lisbon Valley (Colo.) Lost Creek fiucky D Lucky Me Mesa O St Gas Mid Continent Mio Dio Moab Mines Moab Valley Monterey Moreno Mt. Peale Mtn. Mesa Mtn. Top 2.75 10 25 .25 15 1.75 25 JO 30 01 .01 03 08 05 Met 00 06 .05 00 .00 12 00 01 50 4.50 . 2.00 .35 .40 .40 .02 .02 .05 .12 .06 Kane Crk Kalbab Knapp Liberty Lightning Lisbon Little Star Lucky Me. Lucky Star Marble Canyon Mayday Mayflower Mineral Mt Moab Ur. Mobile O St V Mont. Wst. Monte Carlo Mor. G St O Mt. Mesa Mt. Valley Mt. Peale Ol Jato Olympic - -- .00 .10 .06 .00 .006 .00 .002 .04 W .00 .00 .23 .02 .01 .09 .21 .80 .01 .07 .06 .00 .00 .15 .01 .01 .58 .5.50 Producers Radlore Radorock 10 .11 1.62 00 00 00 02 .00 03 .08 00 02 03 1.87 .00 .00 .00 .03 .00 .04 .09 .01 Shamrock Shumway Silver Buckle Spencer Standard Stardust Sterling Strategic Met Sun .00 .06 .01 .00 .05 .00 .01 .03 .00 1.05 .04 .14 .13 .12 Texas Thunderbolt Tlmco Trans West Tri-Sta- te . va o Ula U. N. Beryl va - Whltelock Wind Rlv. U Wyom. Shawano Yellow Wing York Ur .02 .01 .00 .75 .07 .02 .80 72 Sundown Temple Mt 00 04 00 10 02 02 00 00 00 00 .05 02 01 06 00 .03 01 07 03 .01 .05 .01 .12 .03 .03 .00 .00 .01 .00 .06 .02 .02 .07 .01 .04 .02 .08 .04 04 00 00 01 00 61 .00 00 21 00 00 02 Cat : .03 .04 .14 10 01 00 00 50 06 01 . SeaguU YeUow .00 11 Rio Grande West Sabre Plnon Juan 3.12 .10 03 12 - . 2.87 .01 .01 95 Republic Res. Vent Rocket Min Uinta-Wy- .03 00 05 01 00 04 00 00 .02 00 Pathfinder Royal Sahara 03 00 00 07 00 11 PenneU Plneeo Upetco- Radorock San ...... Uran. Corp Uran. Ind. Uran. King Uran. Srevlce Uranus U. 8. Uran Walters White Can Out West Ranger 3.25 3.00 00 - .01; Asked .03 .07 .18 .23 .02 .86 .20 .60 .15 3.50 1.37 .08 .14 1.00 .09 .04 Bid 02 .05 .13 19 Knapp .14 Comstock 1000 at .12 Comb. Metals 1000 at Con. Eureka 300 at 1.00; 200 at 1.00 100 at .03 Ind. Queen 1000 at at .03; 1000 at .03; Mag. Ur. St 011-5- 000 4000 at .03 Nev. Tab 2000 at .05 New Park 100 at 1.50; 300 at 1.50; 700 at 1.50 1000 at Bll. Shield 2000 at 2000 at .01 West Toledo 1000. at .13 Calamity C Carbon Cataract Ur Sept. 12 Gas Hills Olla Green River Holly Int. O St Metals King Oil Inc 200 , Buckeye Br. Wst. Am Chem. .01 .00 .00 .78 Blue Lizard - Frontier .67; Bapco Baggs Beacon Bonn Basin Following are bid and asked quotation for uranium stocks. Transactions In these stocks depend on a buyer or seller In each case. For this reason, these do not represent actual transactions. These figures represent the range In which stock can be purchased from the seller (bid) and sold to the buyer (asked).. Dealer figures, on which these prices are based have been expanded to Include the cost of transacting the sale to give the figures shown In this list. Because the list Is compiled In advance, some changes wlU naturally occur between compilation and publication. For this reason, these are to be taken only as a guide. Prices Indicated are taken from a consensus of dealers In Denver. Your dealer wlU be able to provide yon with exact bid and- asked figures at the time of your trade. Pour Corners .70 R Bankers Asked .16 r Over-the-counte- Federal at .28; 3000 0;1000 at .40 Arrow Atlas Atomic - Bid 14 00 00 00 00 07 05 .00 05 00 001 03 00 00 20 01 01 08 19 DENVER Denver Golden Bdgemont 10.75 30.00 53.50 41.00 Atlas 13, 1956 1955. Dallas .04 .00 .00 .02 .01 .66 .00 .01 .23 .01 .00 - .02 Shlprock WANTED Cromer 3odak MINING COMPANY PETROLEUM COMPANY Will buy all capital stock of good mining property. Defunct or op- 1.48 .04 .16 at 8.37 Silver Mtn 1500 at .29 Sunshine 200 at 8.50 Sun Con 1000 at .45 Hecla . .01; Nabob Nancy Lee National Ur Nev Stewai "New Era North Star Ottawa Sunshine 100 at 8.50 Western B 5000 at .01 at 1500 .28 200 Lincoln Lookout Mt Lucky Frl Ex 10.37 70 .02 .12 03 American Am. Duchess Bleak Uran SUNSIDNE CONSOLIDATED, IN had a first half net income of $10,980, compared with $80,-30- 7 in the first six months of Commercial Minerals .. ConsoUdated Coronado Crown - Approx. Abajo Alpha Ur Alphlne Alco Beehive Ur Big Bend Big Horn Big Indian Big Plney Black Hawk from 1100 to 1200.. tons daily. es .03 .06 .97 .05 2.00 .03 5.00 11.50 .75 .03 .14 .05 .26 .03 .05 25 xWUUston Basin OH 02 (Yankee Con. 05 xZuma Ur. St OH Unlisted Stocks 10.12 xAmal. Sugar Pfd 26.00 xUtah Fire Clay 52.00 (Utah P. St L. Com .... 38.00 (Z. C. M. L x Indicates operating companies. Sales Bristol Daybreak- Uran .17- .. 4.50 Sugar Pfd. xUtah-Idah- o 10, 1956 ...... Bug. Com. xUtah-Idah- o Monday, September 15 03 05 95 05 1.75 02 Tlntlc Central Tlntlc Lead xTlntlc Standard xTrans-Uhlo- .20 .19 19 Quotations as of September Beaver Mesa tons which brought smelter returns of more than $1,000,000 and left a neat profit of $463,038, or nearly 20c a share, before writeoffs and taxes. The Pend Oreille Mines & Metals subsidiary is operating its mill at capacity of . . Unlisted Uranium TION and exploration were reported by a top AEC official. He added that the uranium industry is much more stabilized now and Salt Lake Stock Exchange . September 14, 1956 erating business. Profitable ox loss operations will all be considered. ALTON. INC. TYGART STEEL COMPANY BOX 508 McKeesport, penna. Twentieth Century Fuel Ua Brokerage Co. .. Member Sail Lake Stock va United West. Minerals ... Salt Lake City. Utah Suite No. Utco lute El 4-- 39 Eschaigo Place Beperta on Columbus Rexall, Beehive Ur. and Big Horn sent on request |