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Show Page 4 Fsiliy. Iinusy 18. 1957 The Western Mines! Survey, Sell Lake City, UUk B DENVER Over-the-Colint- Salt Lake Stock Exchange er The following list of uranium stocks are of companies currently producing iaoee HIGHER LEAD-ZINPrices could result from a prolonged strike of firemen on the Canadian Pacific Railway. Substantial tonnage of both metals are carried C by the railroad from Canadian mines and smelters to United states consues. The huge Consolidated Mining and Smelting Co. of Canada, a major producer and shipper of the metals, plans to lay off 4,000 employees as the rail strike entered its second week. A strike under way at American Smelting & Refining Company's Corpus Christi (Texas . ) zinc plant also will have some effect on zinc supplies. DOMESTIC ZINC Stocks at years end totaled 68,307 tons, as compared with 104,307 terns at the end of August. The government's stockpiling program was the major factor cutting the supply. U. S. zinc smelting plants set a record for monthly production in December and a new high in production for the 1956 year. GRANDVIEW was in demand at higher prices on rumors that soil sampling had indicated a heavy concentration of uranium somewhere on one of the sections of state land which the company has under lease north of the Spokane Indian Reservation. SHEEP CREEKS new British Columbian operations was reported to be in 12 feet of ore ii) a raise, with values running 16 per cent lead, 9 per cent zinc and 11 oz. of silver to the ton. LUCKY FRIDAY is planning for its largest mill-ruto date, started Jan. 15th. Production continues at 150 tons dally. The LF shaft passed the 2700-fomark this week. RABOB has 14 per cent lead-zin- c in both development drifts it is driving on the D-- vein from the bottom of its new winze. The ore body was some 550 feet long on the adit level where discovered, and if the same length is found on the lower horizon a mining operation possibly in the $100,000 a month class is indicated. Indian District. Operating profit are said to be more than 60 per cent of gross receipts. Last ore settlement sheet for October show ed $287,056 from 6399 tons. Helcla, as operating firm, now is getting 25 per cent of net minus royalties. IDAHOS Representative Grade Pfost announced she will press for hearings this year on her bill to permit free marketing of newly mined gold. She said her bill will allow newly mined gold to seek its own price level in the market place and would result in reopening of many closed marginal mines if passed. Min- ing people should urge their representatives and senators to get behind their friends of mining. PRINCENTON MINING CO. was intially called for trading on the Spokane Stock Exchange today. Holdings adjoin Silver Mountain on the east, and Bunker Hil and Hecla will supervise g operations under a agreement Since 1953 Silver Mountain shares have risen from 5 cents to 35 cents when exploratory work was begun by Hecla profit-sharin- Mining Company. GOOD NEWS for shareholders of Washington Water Power, which is quoted on the Spokane Stock Exchange along with mining stocks. Seventy Seven per cent of dividends, or $1.40 of the paid in $1-8- 1956 able as such. are not tax- n ot 5 180-fo- ot SUNSHINE, POLARIS AND SILVER DOLLAR will benefit from the new ore of good grade opened in the Rotbart and Omega areas of the 'Silver Belt in the Coeur d'Alenes. First found on the 3700 level of the Rotbart in a hanging wall structure of the Chester vein, it since has been opened on the 3550 level and also followed into the Omega area Downwards extension of the structure will be sought on the deeper 3850 level. Sunshines 1956 ore output was 200,028 tons, about 25.000 less than in 1955. BONUSES totaling nearly $9, 00,000 have been paid to uranium producers this year, of which Washington producers redeved BIG PINEY OIL & URANIUM $67,000. PEND OREILLE MINES reported a nine months net of $440,473 equivalent to 18 cent a share. ANOTHER RECORD business year was predicted by 19 experts at the UCLA graduate school of business administration in Los Angeles. They look for a national production record of $428,000,-000,00which would be 0 over 1956 . . . .Quote of the Week . . .Time Magazine, Theres nothing in the world there's more of than money. Has Done It Again! Beeuzhe BIG PINEY HAS FIVE (Oil formation is now being penetrated on Big Piney Ho. 6) $16,000,-000,00- BIG PINEY KKrOKT ON SILVER SHIELD REPORT ON REPUBLIC, FEDERAL and 17 Greetings from ANSCHULZ DRILLING C0 AMherst . INC. 1411 Mile High Center 6-23- Denver 2, Colo. 67 Of course yon want to get all of the up-to-da- te Pacific Northwest Mining News ln Spokane area Copper and Oil in lip AKIHIM Montana URMnlUITI Silver and Lead in Idaho Mer- - 75-2- RADOROCK, subsidary of Federal Uranium, expects to net more than $150,000 monthly for the next several years from the Radon uranium mine in Utah's Big 306 Philips Petroleum Building Salt Lake City, Utah m Thursday, Jan. On & URANIUM CO. J. THACEY W00T0H, President ? URANIUM QUOTES (5) ACTIVE GAS WELLS 0, SILVER BOWL'S long idle Senator Steward mine at Kellogg which yielded $15,000,000 worth of ore to Augustus Heinze, Butte .copper king, from 1911 to 1914, will be probed at depth by the Bunker Hill Company. A 1500 foot tunnel from Bunker workings will reach the southern boundary of the area involved. Bunker will retire $159,339 of Silver Bowl indebtness within the next 14 months and take as security 70.000 sharts of Federal Uranium and 35,000 shares of Radorock owned by Silver Bowl. Any profits from- the Senator Steward will be divided 0 and 5 in favor of Bunker, according to area. 50-5- Another Well Has Been Brought In in the BIG PINEY FIELD OF WYOMING cury and Tungsten in Oregon Nickel and AXbestos in Canada Gold in Alaska. For the news that MAKES the markets subscribe to Washington State's only mining newspaper. -- CROMER: BROKERAGE CO. Suite TWX SU-1- 80 3-- 4 Soil Like Steel Exchange Building, 39 Exchange Place Salt Lai City, Utah Telephone EL 14 r Inland Empire Miner E. 1831 Sprague Spokane, Wash. |