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Show Pace 4 TIIE WESTERN MINERAL SURVEY LEGAL NOTICES (Continued from pace 3) . COUNTY, STATE OF UTAH . In the Matter of the Estate of HILDA P. BRITZELL, also known as HILDA B. BRITZELL, Deceased. NOTICE The petition of Thomas Simpson, manager of Business Service Company, a Utah Corporation, praying for the issuance to Walker Bank and Trust Co. of Letters of Administration in the estate of HILDA P. BRITZELL, also known as HILDA B. BRITZELL, Deceased, has been set for hearing on Wednesday, the 20th day of March, A.D. 1957, at 10 oclock AJd. at the County Court House, in the Court Room of said Court, in Salt Lake City, Salt Lake County, Utah. WITNESS the Clerk of said Texas American DENVER Well Proves New Uranium Stocks Texac American Oil Corporation, Midland, Texas, No. 6 Percy Jones has been completed for a new producer in the Howard-Iata- n Field, Howard County, Texas. The well was completed for Big Plney a daily pumping potential of 147 barrels of oil per day. Gravity Cog was 29 degrees. The new well has proven Oas Hills several additional locations on the Gila Companys lease for future drill- Green River Jackpot Oil ing. (3-15-5- 7) Minin & P Ry. Co. Survey, Howard County, Texas. per ore. reports, which the annual report, this week had the ore opened up for over 100 feet with assays as high as 52 ounces of silver per ton. The annual report of COEUR DALENE MINES, also outdated by the mucker gossip from Wallace, said a fairly large siderite vein UNOFFICIAL post-date- d ... Silver Pick at .24. 1000 at at .09. .03. Mr. Robinson arrived in Farmington Tuesday, and a production Ula staff of approximately 40 is expected to follow within a week. Yellow HMhes Yucca The new production division will be divided into two districts. S. F. Bowlby, Shell vice president and the companys senior officer in the west, announced. . Nevada Mine Produces Good Surphur Ore The San Juan district will cover the companys production activities in northwestern New Mexico, and the Paradox Basin district will be responsible for southeastern Utah operations. Shell began exploring for Four Comers oil at the end of World War II and has brought in a number of discovery wells in recent years. The oil firms exploration operations in the Four Comers region will continue to be directed by Galen H. Sturgeon, manager of Shells Salt Lake City exploration division which is headquartered in the Deseret News Bldg. Open pit mining processing and shipment of native sulphur for agricultural purposes is under way at sulpher. Nev., 60 miles north of Lovelock on the Western Pacific railroad. Plans for expansion and about $33,800. improvement in processing have HECLA MINING COMPANY, been announced by the manageparent firm of Polaris, did very ment. Robert Pearce, president, and well in 1956. Net income jumped to $904,997 or 90c a 4hare Rudolph Hilstrom, both of Coos from $495,956 and 50c a share in Bay, Oregon, are in charge of opdisbursements erations. They have five men at 1955. Dividends totaled $450,000 for 45c work and are taking out 35 tons last year much The improved of ore a day. The company is a share showing stemmed largely from guaranteeing elmental sulphur more than $600,000 in operating content of 25 percent. In addition income from the Radon uranium to the sulphur, there is a mercury mine in Utah. More than 53,000 content, not advertised, that has tons of ore averaging nearly 0.44 proven of great disease and inper cent uranium oxide were sect attack prevention. mined and a grade improvement Plans call for the erection of a is anticipated by management plant that will convert the ore to this year. Net current assets were pure sulphur. Daily treatment about $4,100,000, not counting of 150 to 200 tons of ore a day $5,000,000 worth of Bunker Hill will yield 100 tons of pure elemental sulphur. Under those conditstock is which MINING DAWN CO., ions, the fertilizer side of the 49 and Newmont 51 owned operation will become secondary. by per cent by Midnite Mines, award they have ed a contract to truck 160,000 tons The owners report in the invested $120,000 property. the of uranium ore annually from to town a small build They plan Midnite mine in the Spokane to have a and will post apply Indian Reservation to its Ford office will They conprocessing plant no wonder to to oiled the road try get struction. where they do their The Cord uranium mine which have their post office and trading tpnfl tuaqinos uj suiiap xjs spioq at the address present sold for $17,000,000 yesterday. Prewere Odiums sales vious high $9,000,000 purchase price for the fancy cash on the barrelhead Hidden Splendor and last years offers, and as has been said, Happy Jack sale for a reported Folks, you aint seen anything yet. $10,000,000. In round figures, thats a $36,000,000 investment for VULCAN SILVER - LEAD, which almost lies in Wallace, just three of Utahs uranium famIdahos city limits, disclosed that mines Add Charlie Steens r ore body on the ous MI VIDA, plus Heclas Radon the & numerous other Utah producers bottom 3400 level of its Galena and you will arrive at a pretty mine averages nearly 50 ozs. of fancy figure. The AEC credits silver and 2 percent copper over Utah with 8 percent and Wash- a width of nearly 6 feet and a percent of length of 990 feet. Production last ington state with reserves. year, in addition to providing the U.S. uranium the total can boast of only three company a royalty of $274,073, Spokane shippers thus far (Midnite, Day- reduced by $1,187,731 the capital break and North Star). No won- Investment of the operation American Smelting & Reder outside interests are approaching local uranium officials with fining Company. Win-nemuc- This divisions local activities are supervised by D. W. Gresser, Shell district geologist at Durango, Colorado. 3000 at .24. Bullion M 500 at .40. Col. Resell 1000 at .38. Comstock 700 at .22. Con. Eureka 700 at .60. Croff 3000 at .07. Dragon 1.000 at S1.0S. East Standard 1000 at .07. Magnolia Uranium 2000 at .02. Nev-Ta- h 1000 at .04 A, New Park 250 at $1.15; 350 at $1.10. Am Resources 2000 at 1000 at North Standard 10,000 at .01 . .08; URANIUM QUOTES The new division will maintain temporary headquarters in the existing Shell offices in Farmington until completion of a permanent location. A few personnel from production in Salt Lake City will be transferred to the new operations .08. at Farmington. Available on Request of Bolt Lake Stock Exchange 1956 Yearly Summary Approx. Bid Asked ca silver-coppe- 2-1- at Manager of the newly-forme- d Farmington, (New Mexico) production of Shell Oil Companys Pacific Coast exploration end production area is R. R. Robinson, manager of the companys San Joaquin, Calif., division. . Utco 8-1- amount of lc a share, will be paid on May 15 to stockholders on the firms books April 15. The $20,000 disbursement will bring the firms dividend total to $100,000. LUCKY FRIDAY ore production averaged a very good $32 a a tori net smelter returns last year and. current output is running higher. Ore reserves are sufficient to maintain the current rate of production for 10 years. POLARIS Mining Company had a 1956 net profit of $334,491 or .14c against $282,379 or 12c in 1955 despite smaller production. Although the firms share of production from various Coeur dAlene district Silver Belt areas declined in 1955, average grade increased slightly. Current assets totaled $1,542,271 and current liabilities $181,568. This was an improvement of about $150,000 in net current assets over a year ago. More than 5000 tons of silver ore were mined in copper-lea- d the Chester area during 1956. The annual report also disclosed that a vein cut recently in the Rainbow area had been opened for 47 feet in commercial silver- - cop- . Ranger Res .02. 100 Shell Oil Co. Names New Div. Head Mountain Mar at Curb Sales 1000 Sliver Standard Contlm New .03; .03. Comstock 3000 at .22. No. American Resources 4000 Park Konold 2000 at .02. Silver Shield 1000 at .02. T-I-- S, MINING was cut in January and that a SPOKANE 2 of it- subsequent sample across account MART gave a good silver of 20.4 ounces earnfeet assayed self in the wake of higher ings reports and other favorable and 0.8 per cent copper. This company has a 51 stock interest developments. in the Rainbow firm CDA Mines GOLCONDA declared a sur- had a net loss of $8039 in 1956 prise dividend the first in 28 after depreciation but $2178 inyears ,and management said semi- come from equipment sales, rents annual payments to stockholders and interest just about balanced are planned if earnings can be overhead. Net current assets are so a3 not to drain off income from custom milling and dividends on 110,000 shares of Lucky Friday stock. The mill brought in nearly $150,000 last year and currently is operating around the clock seven days a week on Lucky Friday ore. The dividend, in the Mid 1000 at .12. 2000 at .02 ft. Silver Shield 3000 at .02ft; 2000 Prosper 1000 at .06. Silver Standard 3000 at .03ft; 3000 at South Standard 1000 at .20. Tar Baby 1000 at .20. Zuma 1000 at .04V. Park City Con Park Konold Bristol Silver ed Texas Americans No. 6 Jones is on a 320 acre lease approximate ly 6 miles SE of Coahoma. Location is 990 FWL and 992.5 FSL T of Section 13, Block 30, THE maintained at present level. Toward this end, mining operations have been drastically curtailed Lost Creek Lucky Me 1957 Salt Lake Stock Exchange Thursdays Quotations The Information listed below Is derived uranium and listed as shippers to the from sources regarded as reliable, not correct. Atomic Energy Commission and companies guaranteed, but believed to be which, while not listed as shippers by AEC, hare an Income In other mineral fields Drill Location sand-fractur- 8, 1957. . The following list of uranium stock are 'nose of companies currently producin'" Production is from the San Court, with the seal thereof affix- Angelo - Clearfork formation ed, this 6th day of March, A.D. thruogh 50 of perforations from 2542 to 2888. The well was 1957. with 20,000 gallons of (SEAL) ALVIN KEDDINGTON, oil and 500 gaUnos of acid. Clerk By Douglas Thomsen, Deputy Clerk. D. G. FOOTE, Attorney at Law Walker Bank Bldg. Date of first publication March Friday, March 22, 2 lee-se- e, CROMER BROKERAGE CO. Suite TWX SU-1- 80 3-- 4 Salt Lake Stock Exchange Building. 39 Exchange Place Salt Lake City, Utah Telephone EL |