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Show THE WESTERN 4 Page Friday, March 8, 1957 MINERAL SURVEY Utah Fish and Game News Legislation covering fur bear-n- g animals under Utahs fish and 466 from custom milling of ores game code will not become effec(mostly Lucky Friday production tive until April 19, the departand $69,468 from Golconda pro- ment of fish and game noted toduction. Current assets were list- day. ed at $81,219, not including Lucky The legislation, listed as House Friday stock with a market Bill 28, was signed by Governor George D. Clyde, on February 18, value of some $546,000. 1 its best years in 1956, with net profit after taxes being up 125 per cent from 1955. Earnings totaled $179,492, versus $78,987. Gross receipts totaled $631,418, from 1955. Metal ' pro up 53 duction included more than 3,000,000 pounds of lead, nearly 3.500.000 pounds of zinc over of copper, more than 183,000 ounces of silver and 66 ounces of gold. Current net assets as of December 31, totaled approximately $270,000. Ore redurserves were increased 43 ing the year to 120,120 tons, or enough for four years of capacity milling operations. Conditions of the mine and mill is the best in the firms history. 31.000 pounds SILVER .SYNDICATE, ifnder the same management, also showed a substantial improvement over 1955. Net profit last year was $16,832 after income taxes, against a net loss of $88,469 in the previous 12 months. Proto 22,690 duction was up 48 was tons. A 1955 deficit virtually 0 wiped out with payment of to Sunshine, the operating firm, and a $26,094 credit from production. Current work from a new deep working level is expected to make a new block of silver-leaore available for minthis year. ing $25,-00- d RESERVE of uranium ore has been proven at the Ranson mine (near Blanding, Utah) ,in which Clayton Silver, Silver Syndicate and Sunshine are interested, and production is expected to get underway soon. Sunshine, which took; over the operation last September, has been concentrating on development work. Sunshine Consolidated also will benefit from this production. DAY MINES looked much better following a company report of a fourth quarter net profit of $40,323 (before depletion and income taxes) versus a net loss of $29,545 in the corresponding 1955 period. This indicates a 1956 net operation profit of $389,-73- 0 of 13c a share vs, $221,373 or 8 cents in 1955. SIZEABLE A and becomes law 60 following an this signing. GRANDVIEW concluded zinc-leato sell its Important changes listed in the agreement to bill and affecting management of mine near Metaline Falls American Zinc, Lead and Smelt- fur bearing animals in the state ing Company. Although under a are listed by the department as arrangement, Gr- follows: andview had not made any money Muskrat, raccoon and nutria for several years, the company have been removed from the list now is assured of recieving of furbearers. Beginning the more than $400,000 over the next effective date of the new law, 5 or 6 years. Terms included they may be taken at any time $150-00cash, and $10,000 quarter- and without license. One exceptly until an additional $100,000 is ion is that muskrats on stte marshpaid and royalties as long as ore es and other departments properis extracted from Grandview ties are still strictly under the ground. Grandview still retains control of the department. extensive mining acreage plus The code has been liberalized potential valuable uranium considerably regarding the reground in northeastern Washing- moval of problem beaver from ton. waterways. Provision has been made for removal of such beaver DAYBREAK URANIUM conlandowner or tenant durthe by tracted for sinking of a the irrigation seasons by securincline shaft at its property in ing without cost to the a ing the Spokane Indian Reservation. user. permit The work is expected to provide d profit-sharin- g 0 50-fo- ot some 2,000 tons of stockpiled ore by the time Ford uranium processing plant goes into operation this sumer. NORTH STAR URANIUM reorganized its board elected a new y president John F. resume to and planned ore shipments from the Mount Spokane District soon as weather and road conditions permit. Campbell-prom-Spok-Att- tons of uranium or during Jan0.80 uary from Radon mine in Utah. RADOROCK receives 75 of the net plus 7 royalty. FEDERAL HECLA mines 5,000 URANIUM controls Resources. 51 of Rad-oroc- k SUNSHINE declared a quarterly dividend of 10 cents per share, payable March 30 to stock of record March 1. The $148,882 disbursement will boost total dividends to $35,031,958. work SILVER MOUNTAIN: on the week this got underway level. foot on the 1956 east 2,000 drift a GOLCONDA reported net income of $34,615 before Any favorable showing could favwrite - offs. Operating income orably affect both Silver Mounttotaled $220,182, including $149,- - ain and Princeton Mining. REPORTS ON COMSTOCK MT. MESA URANIUM QUOTES March 7, 1937 Approx. Bid Asked Approx. Bid .00 Oils Uran. .34 .04 y Gold Cloud Gr. Frontier .62 Vi .00 Great Chief .00V .06 Great Yelst. .10 .04 Green River .06 .01 .00 .00 .00 .04 .00 .00 .13 .02 .22 .12 .52 .01 .09 .22 .00 .01 .01 .12 .53 .16 .02 .31 .00 .00 .03 .06 .00 .01 .13 .00 .04 .57 1.37 .01 Gunslte Hercules Homestead Horse Can Imperial Int. Metal Jolly Jack Klabab Kane Creek Knapp Lightning Lisbon Lucky Me Lucky Star Manada Fete Mayday Mayflower Moab Ur. Mont Carlo Mont. Wts. Mt. Mesa Mt. Peale Mt. Valley Ol Jato Olympic Pennell Plneco Producers Radlore Radorock Republic Res Vent Rocket Royal Sahara .03 .00 Vs .04 .00 Vi .00 Vi .12 .01 Vi .00 .02 .01 .00 4.00 1.62 .00 Vs .05 .00 .02 .01 .02 Vi .00 .17 .09 Vi .00 .00 .00 .00 Vi .00 .03 .00 1.05 .01 .26 .10 .09 .02 Vi CROMER BROKERAGE CO. Suite rwx SU-1- 80 3-- 4 Salt Lake Stock Exchange Bnilding. 39 Exchange Place Telephone EL Salt Lake City, Utah 26,000 PARTNERS' Dependence upon thousands of small businesses across the nation, which supply much of the tremendous variety of goods and services required by GMs operations, is shown by the latest General Motors supplier data survey. disclosed that The survey small firms make up the vast majority of the 26,000 American largest number in the suppliers helping Gencompanys history to its automake Motors eral other mobiles and products Results of the survey were made public recently by President Harold H. Curtice, who pointed out that over 64 per cent of GMs suppliers employ fewer than 100 persons. Eighty-nin- e per cent have fewer than 500 employes, Mr. Curtice added. DENVER Uranium Stocks The provisions covering trap- ping of beaver also anticipates that open seasons will be declared by the commission during the cold months when furs are prime. Such seasons will be shown in proclamations and would allow trapping of beaver under the states $6 trapping license. Beaver management will remain under the department and all furs taken will need to be tagged by a department representative before they may be kept sold, transported or shipped. Several other minor changes were made in the furbearer section of the code. The complete new law will be shown in a printing of the code available by the latter part of May. The department said provisions of this new section covering furbearers are expected to provide better management of these animals, cerns beaver. especially as it conor nusance problems, Appointment of Kendall Kim-be- r as field representative for the Western Boxelder County (district was announced today by J. Perry Egan, director of the department of fish and game. A native Utahn, Kimber comes to the department well qualified 2 for his new duties. His formal schooling includes range management studies at the U. S. A. C. in Logan. He will live with his wife and four children at Snowville. The department said one of the most often asked question was, Who needs a license to go fish- ing?" The law requires that anyone of the age of twelve years or older must have a proper license to angle, or to take fish in any manner at any time. Since the license year begins each April 16 and ends April 15 the year following, anyone over 12 years of age going afield to angle on waters open all year must display a 1956 fishing license until April 16 and the 1957 license from that date forward. 3 Balmy weather and the urge to get outdoors have resulted in many questions regarding early season fishing, the department of fish and game said today. Some 38 waters in the state are open to angling the whole' year. All are listed in the 1957 Reports angling proclamation. from one of these, Utah Lake, tell of many catches of good sized perch being made. FROM UTAH'S MINES - A BETTER UTAH The 1956 assessment of mining property In our state was 27.5 of the total assessed value of all property in Utah. As a result, taxes paid by mining were an important factor in governmental financing. The mining industry is proud of the part it plays in helping to support education and other government services , : J that mean better communities for the people of Utah. ! UTAH MINING ASSOCIATION j "From the earth comes an abundant life for all " Salt Lake Stock Exchange Thursday, March Listed Stocks Banner Mining Big Hill Bonanza Oil St Mng. . Bristol Silver Bullion Mining Bullion Monarch Cardiff Central Std The following list of uranium stocks are Chief Cons Chief Cons. Pfd 'nose of companies currently producing Chief Cons. Warrants . 02 01 05 22 14- . 03 1.55 01 4.62 o 10.50 70 02 02 08 03 Wilbert . . Empire Mines Eureka Lilly Cons Eureka Mines Eureka Standard Gold Chain Grand Deposit .20 .16 .02 .05 .80 .04 1.65 .02 5.00 11.00 .72 .02 .02 :10 .04 .18 .02 .04 - 02 03 77 Bug. Com Utah Idaho Bug. Pfd Utah Wyo. Cons. Oil Victor Cons Western Alloys West Toledo Utah-Idah- . .23 15 OH n .06 .07 5.00 .04 .25 .02 .03 .02 .08 03 United Park City Utah Cons Eureka Bullion 17 WlUlston Basin OH 02 Yankee Cons 04 uma Ur. Ss Oil Sales Bristol Silver 8500 at .27; 3000 1500 at .31 Clayton Silver at 26 5000 at .08 2000 at .30; 200 at .30; 400 at .30; 8500 at .30; 75 at .35; 200 at 29; 200 at .30; 500 at .34. 3000 at 7. East Standard 500 at 3500 East Utah 2000 at .10; 600 at at .10. Grand Deposit 10,000 at .01 Great Western 500 at .08 Kennebec 1000 at .14 Mtn. States Dev. 7800 at .02 Nalldrlver 1000 at .10 North Amer Res 2000 at .08 North Lily 200 at .55 Park Nelson 24.000 at .04 Park Konold 3000 at .02 Prosper Oil 10,000 at .07; 12,000 at ,06 Silver Btandard 5000 at .03 South Standard 1000 at .22 Willis ton 1500 at .18 Croff OH Colb. Rexall Great Western Horn Silver Indian Queen Kennebec Keystone Leonora Little May Magnolia Uran. St Ooll Majestic Oil St Mng. . Mammoth Miller Hill Mono Kearsarge ... Moscow Mt. States Dev Mountain View . . Nalldrlver Nev.Tah OH & Mng. North Lily No. Standard Park Bingham Park City Cons Park Konold Park Nelson Park Premier Piute Uran Corp Plutus 05 06 4.50 03 20 Sioux Mines So. Iron Blossom Trans-Unio- East Tintlc Coaln East Utah New Park New Quincy No. Am. Res. Corp. Prince Cons Prosper Oil St Mng Rico Argentine Royston Coaln Silver King West Silver Shield Silver Standard South Standard Sundance Oil Swansea Cons Tin tic Central Tintlc Lead Tintlc Standard . Clayton Silver Colorado Con Colb. Rexall Comoined Metals Comet oCaln Commonwealth Lead Comstock Cran. & Oil Cons. Eureka Crescent Eagle Oil Croff OH Crown Point Dragon E. Crown Point East Standard Corp. . 7, 1957 . . . ... .06; Curb Sales Bristol Silver. 1000 at .26; Bonanza 2000 at .07 .09; 1000 3000 at .32 Clayton Silver Combined eMtals 1000 at .07 Colb. Rexall 1000 at .34 Croff OH 20.000 at .08 Horn Silver 1000 at .03 h 0113000 at .04 at .07 Prosper Oil 5000 2000 at .03 Silver Standard Tintlc Lead 1000 at .03 . Nev.-Ta- Wllllston 1000 at .17 at .27 |