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Show tmi V ? a Q t- - ox tnuxnnr s -- ' ; .W:!? sv&? st Jr..;:' 0w HleuA etf iKeM $; At A Vol. 28; No. 9 Salt J ., Bidding Hits High Note D Of Federal Uranium f Colo., who at one time Wa. Spirited bidding in which between 75 and 100 persons participated marked sale of certain properties of Federal Uranium e Corp. at public auction at Canyon District covering 6 in, acres. He paid $15,500 for one group of more than 500 acres which were once the property of Kentucky Utah and $3,750 for another smaller group of claims once held by Howell Mining co. Mr. Ashton said he bought the operator of the property. He sold the claims he mined several years ago to Plateau Mining, which firm transferred them in the uranium boom to Kentucky-Uta- h Mining Co., Salt Lake City. That firm later merged into and with Federal. The claims are in the Yellow Circle District near Moab, Grand County. New-hous- Hotel. 'The unusual action was taken preliminary to Federal establishing a tax saving of about $350,000 The losses on the sale of the properties mining claims in the Cottonwood District, Plateau Mining Co. common stock, and certain oil, gas. and uranium interests of varying value will be used to offset a profit that Federal made on disposal of its Almar uranium ore holdings to financier Floyd B. Odiums Hidden Splendor Mining Co. Federal described the holdings multi-millio- n as Cottonwood District Clifford L. Ashton, Salt Lake attorney, bought patented mining claims in the Big Cottonwood properties for their real estate value and not for mining potential on behalf of a single individual. No mining company was involved as a client, he said. Other Claims group of claims in the Bull Canyon uranium district north of Uravan, Colo., was purchased for $3,150 by North Standard Mining Co., Salt Lake City, which firm has interests in the claims at present. Terminal Exploration Co., also of Salt Lake City, bought the Elizabeth group of claims in the Blue Mesa District of the same area for $3,500. Terminal had interests in the claims before the sale as lessees and operators. Circle Cliff Area Other transactions included: secondary. Near Estimate Total price received was $106,-60which was within about $2,500 of the estimate which W. D. Nebeker, Federal board chairman, had privately surmised the holdings might bring. Largest price paid was $78,000 for all the outstanding stock of the Plateau Mining Co. Purchaser was Melvin C. Bowles, Denver, 1 Lark-Leighto- n Utah Oil Chief Named Head Of Committee A. J. Badger, president, Utah Refining Co., was elected chairman of Natural Resources Committee, Utah Chamber of Commerce Executives, recently at Oil -- Owners Swap Oil, Gas Land 100 E. South Temple. W. F. Rappold, retiring president, submitted a report review- Alta Club, ing activities of the committee during the last year, particularly the several workshops sponsored at Weber College, Ogden, and University of Utah on Utahs natural resources. Students at the clinics, or workshops, have been junior and senior high school teachers from all parts of the state, who spent their time in classrooms on courses dealing with the states natural resources, ithe other half of their time on field trips to areas where raw materials are being extracted and ' factories where they are being processed. Mr. Rappold also referred to the committees publication, in cooperation with Bureau of Business and Economic Research, University of Utah, of the brochure Utahs Economic Patterns which was distributed to schools and libraries. Dr. ElRoy Nelson, economist, authored the publication. The backbone of Utahs economy is its natural resources, said State Rep. Orville Gunther guest speaker at the meeting. Utahs future prosperity depends on full development of all its natural resources. We must strive to attain that goal, he added. Newman B. Clayton, vice pres- h) ident, Royal Crystal Salt Co., was elected vice chairman and H. Wright Volker, was elected secretary, for the ensuing year. i ; Auction ZinaOutpiit o4 Shows D Property U. S. Dureau Announces Domestic mine .output of reSalt Lake in coverable zinc declined to 45,100 nee man, paid $275 for e ons in February from 49,200 tons claims in the Circle Cliffs area n January but was 6 percent of Garfield County.; E. P. Emery, than in 1956, achigher former assistant secretary, Salt cording to the February Bureau of Mines, Lake Stock Exchange, bought a United States Department of the variety of holdings for a relative Interior. Among the reasons for few dollars each, including urani- the decline, besides the shorter um claims, oil interests potential month, was a work stoppage at etc. in Utah and Wyoming; Calvin one of the larger mines in TenP. Gaddis, Salt Lake securities nessee. Output during January firm representative, paid $400 and and February totaled 94,300 tons $300 respectively for oil (mine- compared with 83,900 tons in the ral) interests in Duchesne Coun- same period of 1956. Mines in 6 States east of the ty. . River produced recovMississippi None of the Oil interests were zinc in February their erable productive, with exception of a total zinc was 16,000 tons output minor tract in Wyoming. compared with 18,600 tons in January. The most severe decline was in Tennessee and was due in part to a labor dispute which shut down the Jefferson City mine of The New Jersey Zinc Co. from February 5 to 20. However, there were decreases in the daily average production rates in New Jersey and Virginia and in the monthly outputs in Illinois and Texota Oil Co. of Denver and Wisconsin. New Yorks output inFort Worth this week announced creased slightly. The West Central States output it has farmed out a 30,000-acr- e recoverable zinc, at nearly 0 of block in the Northwest Elk tons, showed little change Ridge area to Sinclair Oil and from January; the principal mills Gas Co. for a series of three in district (Kansas- .the wildcats. Other Texota activities, according to Utah Oil Report, include a farmout with Ambassador Oil Co. from Lion Oil Co. to drill two wildcats seven miles of the Aneth Field. Texas Eastern Transmission Co. has acquired a lease block A group of Salt Lakers this of 8,800' acres in the Nine Mile week confirmed they had dealt Wash Area of Emery County, Union Oil Company of California on which it expects to drill a some 30,100 acres in oil and gas ,700-fParadox test. leases in San Juan County, in Union Oil Co! of Calif, has turn receiving $800,000 in cash. The group included George D. acquired 26,042 acres in the Reef of Rocks northwest of Blanding. and Earl Fehr, Joseph Lyon, R. P. It has made no drilling commit- Smoot, Mt. Peal Uranium Co. and ment, but is expected to begin Art Lyon, Las Vegas. h They (retained a exploration within 60 days. E. Brinton, A-or- Stock Reports Texota Offers Land Rental Missouri Oklahoma) operated steadily, and the quality of zinc recovered from Southeastern Missouri lead ores increased. In the combined Western States, mine output of zinc was 24,200 tons, only 1,500 tons less than in January despite the shorter month. Production in Montana, the principal zinc producing State during the month, increased slightly owing to a substantially higher average daily production rate at The Anaconda Co. mines at Butte. Outputs in Colorado and Idaho, although 8 and 9 percent, under January, respectively, showed little change in daily average production rates. Slag fuming at the Bunker Hill smelter at Kellogg, Idaho was interrupted temporarily by a fire. New Mexicos output was unchanged from January and Arizonas increased 3 percent. Utah and Washington deeach recorded a cline, which was shared by the principal producing mines. The average daily production rate also declined in California but rose in Nevada. nt 4,-90- Mis-sissippl- U. S. Discloses Tri-Stat- e S. L. Men Sell Utah Leases .one-sixteent- oil payment in the 26,042-acr- e NEW LOCATIONS, UTAH: Following more than 6 months block on Reef of Rocks in Townof negotiations, checking titles, ships 34 and 35 South, Ranges Emery-- . County: American-Pet-rofinassembling seismograph and East, Salt Lake Meridian, Fer-roInc., State No. other geological information, Conwith cash payments. along Structure; location for 2,000-ftinental Oil Company has taken Union acquires full interests Ferron-Dakottest. over from Crusader Oil and otherwise in this land block beSan Juan County: Pan Ameri- tween the Uranium Company a spread cf Abajo Mountains, im4 CoalNo. can Petroleum Corp., acres of oil mediately west of Monticello, and approximately 7,000 Elk Ridge Structure. and gas leases located in Town- bed Canyon Unit Area, paradox the Oil Co., No. A-ship 36 and 37 North, Ranges 63 test; Superior On scattered tracts amounting Pool Area, location to and 64 West, in Niobrara County, Navajo, Aneth acres in Townships 25 4,058 for 5,950-ft- . test of lower Boun- and 36 and Wyoming. part of Township 37 dary Bute formation. inCrusader retained a South and in Ranges 20 to 21 East, terest and received $8.00 per Union, with its cash payment, aca or total in of acre, $56,000.00 quired 50 per cent working interest. The lease owners retained cash. Pool a five per cent Crusader has full interest in aproyalty. The transaction was one of the proximately 5,000 additional arces in the adjoining and surrounding Pays largest recorded for land in this area. sector of the booming Paradox The area, including lands held On Nov. 1, 1956, Pure Oil Co., Basin. by other companies, is to be uni- Sun Oil Co. and Ohio Oil Cp. Eexota Oil Co., Denver indepentized for Minnelusa Horizon de- successfully bid and paid $7,941-20at one time had the Reef of dent, velopments. The operator will be for 2,560 acres of oil lands Rocks block under option. HowThe Buck Creek Oil Company, an several miles distant - from The ever, this option expired after operating subsidiary of Conti- Texas Co.s discovery wildcat at a y period. nental Oil Company, which also Aneth Pool in San Juan County. While Union has not pledged operates the adjacent Little Buck 164 was about the itself to drill any wells, it is extract This Oil Field, and a portion of the highest priced acreage ever pick- pected the company will begin an nearby Lance Creek Oil Field. ed up in an Indian sale and the exploratinon program on Reef of Other companies holding acreNavajo Tribal Council at Win- Rocks within 60 days. age in the area include Sohio Pet- dow Rock, Ariz., rejoiced. roleum Company, Ohio Oil Co. Some of the Utah principals Carter Oil Company, Atlantic oilmen raised their eyes in the sale said they would invest Other Oil at the price for potentially un- the funds in wildcat drilling opRefining Company, Sunray Lion and Oil erations in the basin. Company. proved acreage. Company a, 20-2- 1 n 2, t. a 6 6-1- : io o ' Friday, April 26, 1957 t. the groups annual meeting at the (R-Uta- in The Oil and tHMM$f)wl4" M 2. -- Chrom Plan The Department of the Interior today made available to the public a technical report telling how the Bureau of Mines developed a successful process, now bring used by a commercial firm, for producing chromium metal elec-trolyticall- y. Long the goal of researchers, the Bureaus success culminated work carried on over a period of years by several research teams at its Boulder City, Nev., station. World War II assignments and other urgent tasks interrupted the horomium project from time to time. The ' Bureau publication describes the development of two separate systems for electrolytic hromium recovery and follows the dissolution of chromium from the ore and from ferrochrome. Keys to the Bureau-developeprocess are a special cell and the use of chrome alum electrolyte. d 4 Aneth Gamble High Results over-ridin- 1 . g Proof of its commercial feasibility came after ithe Boulder City laboratory produced several tons of the nearly pure metal from standard ferrochrome and it to potential industrial users for tests. Their favorable response to the product prompted a private firm to build a plant for producing the metal in large quantities. Output from this commercial plant is used chiefly in s for jet engines. dis-tibute- d super-alloy- 90-da- Authors of the Bureau report are J. B. Rosenbaum, supervising metallurgist at the Bureaus Salt Lake station and formerly chief Secof the Chromium-Researction, Boulder City; R. R. Lloyd, former chief of the Electrometallurgical Station,' Boulder City, and C. C. Merrill, supervising h chemist, Boulder City. |