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Show I Page HECLA MINING COMPANY timated at 502,812 tones. This figure includes 187,584 tons of demoved up following a report to veloped ore above the 2300 level stockholders listing an eight (enough for 3 years operation months net income more than at the present rate )and 315,228 double that of a year ago. The tons of probable ore (sufficient net was $16,300 or 62c a share for six additional down versus $276,000 for 27c. Total to the 3000 level. years) ore reThe income for the-- period was $907,-10- serves have been increased subincluding $484,900 from the stantially during the past year Radon uranium mine in Utahs and the management anticipaes Big Indian District; $270,000 in that development work planned dividends from Bunker Hill and oh levels above the 2300 will in$152,200 in rentals, interest and crease them still more. Ore The report ac- shoots miscellaneous. on .the developed present companied checks for dividend 2300 bottom level total 1113 feet No. 310 of $125,000 or 12c a in length. Deepening of the shaft share. An extra fourth quarter 700 more feet will start next dividend now looms as a possi- month and if the ore early continues bility. would be in the bonanza class. The reserves mentioned above SILVER-LEFRIDAY LUCKY on the basis of the current are came MINES COMPAYN rate of 180 tons daily, production reout with its first official ore which with 100 to 125 compares esserve statement. Reserves are tons a few months ago. 0, D DAY MINES, INC., is getting DENVER Over-the-Coun- ter Following are bid and naked quotation (or 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 thise 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 will 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. Tour dealer will be able to provide you with exact bid and asked figures at the time of your trade. Wednesday, September into a position to benefit from leasing its adjoining Gold 'Hunter property to Lucky Friday. A westerly drift being run by LF from its 2300 level now is 115 feet into the Gold Hunter. As the drill holes will be extended both north and south from the drift to explore parallel vein struc Thursday, Sept. The information listed from sources regarded guaranteed, but believed Listed Stocks 27, 1956 below is derived as reliable, not to be correct. x Chief Con. Cardiff Oog-Mlner- Comet Coaln xCommonwealth Lead xComstock Uran. St Oil xCons. Eureka . Minerals Dallas xCroff Oil Crown Point xDragon E. Crown Point Denver Golden Edgemont Federal Four Corners . Frontier Gas Hills .... Gila Green River . '. Holly Eureka Knapp Liberty Mid-Contin- Bullion Gold Chain xOrand Dep O St U Lisbon Lisbon Valley . Lost Creek Lucky D Lucky Me Mesa O St Ga xlndlan Queen xKenebec Keystone xLakeslde Monarch xLeonora xUttle May xMagnolla Uran. St Mng. Majestic OH St Mng. . . . . Mio Dio Moab Mines xMammoth New . Mar 1.95 at 70; xNev.-Ta- . near Marshall Quotation! aa of Sept. Abajo Alpha Uranium Alpine Alco American Am. Ducheaa Arrow Argentum Atlaa Atomic R. Bapco Bagga Beacon Beaver Meta Beehive Big Horn Big Indian Big Finey Black Hawk Bleak Uran. . .. Blue Lizard Bonn Baaln Br. Wet Am Buckeye Clamlty C. Carbon Cataract Ur. Chem Met Chlefton U Chute Can Circle CUff 00ft 00ft r .00ft .08 00ft 1.00 00ft .06ft 16 76 04ft .05 00ft 08 48 4.50 02ft .03 10 09 Col-U-M- ex Comanche Congo Congrete Consol. Ur Coronado CreetUne Dynamic 00ft 03 00ft Elaterite El Dorado 16 00ft Empress Federal 1.37ft Gem Gila Uran Oold Cloud Gr. Yellowstone 01ft 11 Great Chief Green Fire Oreen River .00ft 02ft 02ft Gunsite Hercules Homestead Horse Canyon 00ft 04 00ft Int. Metal Imperial 55 00ft Jewel Jolly Jack 00ft 02 Justhelm Kano Crk. 07ft Kaibab Knapp Lightning ,00ft Lisbon Lucky Me Lucky Star Marble Canyon Mayday Mayflower Mineral Mt Moab Ur Mobile Ur Mobile O St U Mont. Wst Monte Carlo Mor O St O ML Mesa . . ? Mt. Valley ML Ol 100 20, 1956 1.75 00ft 00 ft 00ft .00ft 07 ' 00ft .02 12 00ft Feale Jato 00ft 01ft .00ft Pathfinder 05 Producers Radlore 02ft 00ft 00ft PenneU Plneco 01 Radorock Tlntlc Standard Willis ton 500 at 200 23 at 97ft 90 .00ft .62ft .07 .01ft .83 .01 united Fund W a' .04ft .01ft .10ft .02ft .03 .00ft .00ft .01 .00ft .07 .02 .02ft .02ft 01ft .03ft .Olft .09 .04 .04 and .00ft .00ft 02ft .01 x Prosper OH St Mng. Twentieth Century Fuel xSllver xRlco UCOA Ula Argentine . .. . . xSloux Mines 80. Iron Blossom va .. xSwansea Con. ASSAY AND CHEMIST 160 So. West Temple SALT LAKE CITY, UTAH Upetco White Canyon Wyoming Yellow Queen .01ft NICHOLS Standard Sterling Ute " .06 .60 xPark Konold Park Nelson Park Premier Berrylllum .01ft 1.00 .02ft at 2ft Sodak U. N. .03 .00ft Shawno Unlv. O St V .05ft .00ft .01ft .16 .91 .12 .02 .01 Rex Rlmrock Union Uranium United Western Min. - .06 00ft Olympic .00ft 05 4 ft Silver Shield 4000 at 2ft Silver Standard 2000 at 2ft; 5000 Swansea Con. 1000 at 17 Untie Std. 100 at 92ft Carb Sales Bristol Silver 1000 at 25 Chief Con 1000 at 70 Chief Warrants 500 at 20 Clayton Silver 2000 at 30 CoL RexaU 700 at 72ft Ind. Queen 2000 at 4; 3000 at 4 Park Konold 5000 at 3ft Swansea Com 2000 at 17 Park xNew sentatives are attending the Lilly 200 at 7 Grand Deposit 2000 at 1 Ind. Queen 5000 at 3 Ind. Queen 1000 at 4 MaJ. Oil ft Mng. 5000 at 7; 1000 at 7 Rico Arg. 200 at 6.50 Royston 2000 at 4ft; 3500 at 4ft; 1000 Oil St Mng. h honey of Wyoming and Sen. Barry M. Goldwater of Arizona did not attend the .opening sessions. About 100 oil company repre- Eureka Producers Ranger Creek property 12 10 4 xML States Dev. Radium Hill Radorock . . D Unlisted Uranium DEASON xMlners Gold .. xMono Kearsarge Mtn. Mesa Mtn. Top at Metals 2000 at East Standard 2000 at East- Utah 800 at 12 at xEast Standard East Tlntlc Coaln xEast Utah . 500 Chief Con. Pfd. 100 at 60 Col. RexaU 500 at 70; 500 at 75 Comb. Rexall xColb. xAmalgamated Sugar Pfd. 10.00 xUtah Fire Clay 27.00 xUtah P St L Com 50.00 xZ C M I .. 38.00 Bristol BUver 500 at 26; 500 at 25; 1000 at 25; 4000 at 25 xChief Con. Warrants Col-U-M- ex CORVULCAN SILVER-LEAZinc-Lea- d Callahan PORATION, subsidiary, which owns the Galena mine in the Silver Belt, will undertake a $160,000 uranium exploration pro jet at its Indian tee. The other two subcommittee members, Sen. Joseph C. OMa- SALES xCardlff Central Std. Commercial tom basis. This would be 25 of the mills daily capacity. Dawn is building the mill primarily to process ores from the Midnite mine and the adjoining Boyd property on the Reservation. Pass, Colo. SILVER RIDGE property near Sandon, B. C., took on. added importance with the disclosure that American Smelting & Refining Company has offered to spend a adjoin-n- g producer in the Pin Creek large sum developing, the at CarSilversmith 'property district of the Coeur dAlene MinLtd. ing Region, started bulldozing a negie Mines, SUNSHINE MINING'S Canapromising radioactive showing in the Spokane Indian Reservation. dian .oil operations are humming The company has obtained pros- along at top speed. In addition, pecting rights on two sections of important news re their Utah land adjacent to Wellpinit, only uranium venture is expected about a dozen miles west of the daily. site Of a urantum processing plant. . Stanolind plant, to .be operated by Dawn (Continued from Page 3) Mining Company (a Newmont subsidiary), was unloaded at get more land." Once a unit has Ford, Washington. It was a five-to- n been formed, the acreage.no long shipment for a truck scales er must be considered within the to be used in weighing uranium limits set by the Mineral Leasing Act. ore. Im worried that unitization INDEPENDENT URANIUM OPERATORS in the Spokane area might be a way .for companies were pleased to learn that Dawn to get around the acreage limMining Companys contract with its, Anderson commented. At the beginning of the hearthe Atomic Energy Commission provides that the plant will buy ing, Sen. Anderson said that as 100 tons of ore daily on a cus- - a result of this investigation we hope to determine whethr or not remedial legislation may be necessary for the protection of the interests of all people. lie said that Stanolind was called to the stand first because previous court cases had uncovered information on the firms leasing praettes that attracted the attention of the Senate subcommit- 26 1 Beaver Beehive tures. THE SILVER MOUNTAIN shaft a short distance east of the Lucky Friday mine, now is down approximately 1700 feet. An exploration level will be established at the 2000-foo- t point. Helca and Bunker Hill companies are doing the work. THE RAINBOW exploration drift in the Silver Belt west of Wallace again is making fast time. Progress last month totaled more than 350 feet. Two faults were cut, one of them apparently the Polaris fault. Polaris Moining Co. is doing the work at a depth of 3000 feet. SUNSET MINES, INC., zinc-lea- d Salt Lake Stock Exchange Big Hill xBonansa Oil & Mining Stocks Baloa September 28. 1958 TBC WESTERN MINERAL SURVEY .22 .01ft .00ft .02ft Cromer Brokerage Co. Member Sell xUtah-Idah- o o Bug. Com. Sugar Pfd. xUtah Wyo. Cons. Oil .. xUtah-Xdah- PHONE ELgin 9-99- 62 Slock El Sell Like City, UUk Siilo Vo. xTrans Union xUnlted Park City like 4-- 39 Exchuy Man Reports on Temple Meaatsln, Flneet Celambas RexaU, Sent on Request Quotations as of September 28, 190 I t |