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Show Pate 4 THE WESTERN MINERAL SURVEY Friday, August 16, 1957 New High In Oil Production Salt Lake Stock Exchange Forecast For 58 , Aufut 15, 1957 Thursday, Listed 'Stocks DIVIDENDS totaling nearly were declared by two Coeur d'Alene mining region firms, SUNSHINE and LUCKY FRIDAY. Sunshine shareholders will divide $148,882, on the basis of 10 cents a share, on September 30. The stockholders also will get 10 cents a share, amounting to $130,648 on September 13. It will be the fourth consecutive divident following payments and will bring total divi$280,882, 10-ce- nt by VULCAN SILVER-LEA- D. BUNKER HILL has another new customer for the sulphuric acid produced in connection with its electrolytic zinc plant The acid will supply requirements of Dawn Mining Companys new $3,000,000 uranium processing plant 40 miles northwest of Spokane. DAYBREAK URANIUM is starting 300 feet of additional underground development work at dends to $1,336,368 since 1951, its Lowley lease in the Spokane when the first payment was made. Indian Reservation. So far 175 feet of drifting and crosscutting been done at the anothhas to level SUNSHINE advanced of on incline shaft put down on a an er high price of $14.75 ore the Spokane Stock Exchange. uranium showing. Only a couple of weeks ago the RADOROCK RESOURCES has shares could have been purchased a substantial discovery of made for slightly over $8 . . . Several good very grade uranium in Wyofactors contributed to the latest Hills district a mile Gas ming's advance. One was an announcefrom Lucky Mac Uranium and ment that stockholders will be the parent FEDERAL URANIUM asked to approve a capitalization has excercised an option to acincrease to provide for future 50 interest. Seven drill growth through acquisition of quire at are work. rigs other companies on a basis. Directors are conNORTH STAR URANIUM was 1,500,00-shaa boost, granted a $2079 exploration loan sidering which would double capitaliza- by the DMEA. for additional work tion. There are no present plans at its Lehmbecke lease. to offer any of the stock to the SILVER RIDGE resumed unpublic. Lack of treasury stock has derground exploration of a sur silver-lea- d resulted in several missed op- face showing of high-graore discovered last year at portunities to acquire attractive companies on a stock basis. Di- its British Columbia property. rectors would be increased from SALES OF LEAD last week five to 15 and a stock option in- were more than twice those of centive plan adopted for key em- the previous week and zinc deIn addition to these mand also was improved. Howployees -- cent of a expansion, it was dis- ever, copper was off signs closed that a Seattle director pur- pound to 28 cents while London chased about $120,000 worth of prices tumbled to a low of Sunshine stock during July to cents a pound. 8 bring his total holdings to 11,300 AMERICAN SMELTING AND shares . .. . Still awaited is a proREFINING earnings for the first duction test of the firms wildcat" months 1957 were $2.14 per six of 011 well near Ocean City, Wash. share vs. $3.70 a year ago; second MINING STOCKS generally quartes 79c vs. $1.79. a year ago. account a of themselves give good Stock at the Spokane Exchange, Lucky Friday sold at $5.30 an all-tihigh mark. Bunker Hill moved up to $14.40. Hecla, Grandview, Mineral Mountain, Polaris, Day Mines and Pend Oreille Mines were other trading 5-c- er.t 60-fo- six-ye- ar stock-exchan- ge re de ... 4-y- ear 26-1- ot County. Meanwhile, Shell Oil Co. is delivering by truck an increasing amount of crude at present from Aneth Field. The Texas Co. continues its truck-ra- il program via Pacific Intermountain Express while Superior Oil Company of California is making truck-ra- il deliveries to Western States Re- fining Co. All of this oil at present from the Paradox area comes to Salt Lake City, With compieton of the Four Corners line, it is expected to decline however. There is some estimated that the state will be producing as high as 100,000 barrels daily of crude by the end of the first guar-t- er in 1957. This compares with output for the week ended Aug. 9, 1957, of 11,450 barrels daily. Trans-Unio- n 70 OU oait uo 02 Prk City JJJMaho Bug. Com Utah Cons Wyo. 4.62 ft Bug. Pfd com. Oil 10.1 Victor cons Western Alloys West Toledo 6 Willis ton Basin oil Yankee Cons Zuma Ur. & OU 17 out 02 8 wubert 0 lu. .04 SALES "Si Dragon E. Crown Point East Standard Corp. East Untie Coaln. gS.&.'&MfiffAlS ,16ft; 18000 at 16ft Cons. Eureka 300 at .62ft Crescent Eagle 2000 at .05 East Utah 1300 at .13; 1000 at 13 North std at 1000 at , 01ft Mtn. States 3000 at .01ft; ,01ft lo Eureka Lilly Cons. BlWermTT oV21 Tar at .12 Baby-3- 000 Grand Deposit Great Western ft Std. 100 at 500 Yankee Cons. 1000 .72ft; at .01ft 700 at .72ft CURB SALES 1000 at .15ft Columbus Rex 1000 at 17- - lono Et 1000 at .17; 1000 at .17 ' Croff 2000 at .07 East Utah-20- 00 at .13 Leonora 3000 at .01ft Little May 2000 at .01ft Kennebec Keystone Bristol Little May Majestic Oil is Mng. SUv Silver Std 1000 Tar Baby 3000 Moscow at .02ft at .12 ft DENVER Uranium Stocks The following bids and askeds do no represent actual transactions. They are In tended as a guide to the approxlmat nge within which these couli kve been g0ld (indicated securities the bmfeht (Indicated by the by aiked), Pletlon, 9:30 a.m. each daj S. of. by members of the Nations Securities Dealers Assn., Inc. Piute Uran. Corp. Prince Cons. Tth . Silver Shield . Silver King West Two Copper Mills To Close For Repairs The Aug 3 26-Se- pt. ton-a-d- ay shutdown Arthur In all, Utah Copper will expend his year about $500,000 on replacing car dumping facilities at the ;wo concentrators , rated at 45,000 tons each of ore imput. Additional work is scheduled next May. Nearly 5,000 employees of the division at mine and mill will be affected by the shutdown. Output at the electrolytic refinery will be curtailed. Some readjustments at the Garfield smelter of the American Smelting and Refining Co. also will be made. ... is what these two atomic' A LOOK INTO THE FUTURE scientists get with their crystal ball". Actually, Its a stainless radiation masteel dome forming the top of a Van de Graaff accelerator. chine a type of atom smasher called a Owned and operated by Shell new fuels and lubricants for the -. atomic age. Development Company the reaccelerator The Comsearch affiliate of Shell Oil most powerful radiation is the pany the accelerator generates source in industry. It is housed the same kind of radiation as that in a separate, four-rooradiation laboratory at Shell Developgiven off by atomic reactors. It' accelerates electrons (stored ment Companys Emeryville, in the stainless steel dome) to California, Research Center. The includes a generator nearly the speed of light, hurling laboratory room the for accelerator, a tar- them through a vacuum tube to room where materials are1 the bottom of the machine where get to radiation, a control exposed they bombard a "target". This room and a chemical laboratory.. bombardment subjects the tarA closed television circuit and; a system of mirrors are used in get to the radiation it .would receive from an atomic power watching the operation of the machine from the control room. plant. feet thick Concrete walls 4 The machine thus permits Shell research scientists to study separate the target room from the behavior of fuels, lubricants, the control room. Warning lights and surface coatings under the and horns, emergency stop butto cut off operating conditions that will tons, door interlocks intercommunica--tion- s an and atom in trains, power, powered prevail system insure that the ships, planes, and even interwill not be operated machine future. of the stellar space ships while anyone is in the generator With the accelerator, Shell reor target room. search scientists will develop two-story-hi- URANIUM QUOTES Reports on Plneco, Atlas, Zuma Lutah gh I m New Oil Sites The Texas Co. Wednesday announced location for four more development wells in four different sections on Aneth Field, San Juan County. Firms wells are all in Township 40 South and Range 24 East. N. W. They include: Navajo Section E. N. of quarter, quarter 15; Navajo D-- 7, S. E. quarter of N. E. quarter of Section 21; Navajo 7 S. E. quarter of S. E. quarter, Section 10 and Navajo 0, N. M. quarter of S. W. quarter, E-- 9, E-- C-1- Section 24. 17; :he division says. favorites. Clayton Silver looked even better for the long pull with word that the main North ore body has Texaco Locates Four -- and Magna mills of the Utah Copper Division, Kennecott Copper 2orp., will reduce output of metal for the period by some 4,000 tons, Gol-con- da, Old-time- Tlntlo Central Tintlc Lead Tintic Standard . , of the 90,000 me lengthened out onthebottom 5000 level. The ore shoot now has been opened for a length of 400 feet, 70 feet farther than above, and the end is not yet. . . Production is continuing at mill capacity of 100 tons daily. Work has already started on a $130840 DMEA exploration project which will get 300 feet of addetional depth on the ore. DAY MINES The new silver-lea- d ore body uncovered in the Dayrock becomes more fabulous rs in after each round. Wallace are beginning to compare it in size and value with the near- - 06 15 19 "10 12 02 03 Swansea Cons Tar Baby Oil production in Utah is ex- Bonanza Oil is Mng pected to keep climbing upward during the remainder of 1957 to hit an all time high in the spring Cardiff of 1958. The prediction is based on com- Chief Cons. Warrants pletion of new pipelines in the Uintah Basin and of the Four Corners Pipeline which will carry crude from the Paradox and San Comstock Uran. is Oil Juan Basins to the Los Angeles Cons. Eureka refining district. About 60 per cent of the'60,000 barrels daily on the Four Corners line is expected to come from the San Juan County, Utah portion of the Paradox Bakn. Meanwhile, the paralleling of Lake crude facthe Rangely-Sa- lt ilities of the Salt Lake Pipe Line Co. (Standard Oil Company of California) is expected to be associated with some increase in output at Red Wash Field, Uintah Bo. Iron Blossom South Standard Sundance OU j CROMER BROKERAGE CO. Suite TWX SU-1- 80 3-- 4 Salt Lake Stock Exchange Building. 39 Exchange Place Salt Lake City, Utah Telephone EL |