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Show Pare Lead Price Decline Due To Foreign Metal Market Leads price dropped a half-cen-t, due to pressure from lower foreign prices, but other nonfer-rou- s metals held their own in U.S. markets this week. and major producers completed three full months at the 27 -- cent level. One report told of a meeting in London among representatives of two major Rhodesian producing groups, the big Belgian Congo producer and the Chilean government. The 1956 output from the three areas represented came to about 1,250,000 tons, or roughly 37 per cent of the copper mined in the free world last year. Purpose of the meeting was to discuss the world supply demand situation and the possibilities of curtailments of production. Sources here said no decisions were Slow sales in November, plus foreign Friday, December 20, THE WESTERN MINERAL SURVEY 2 offerings at discounts Oil Industrialists Seek Helium Try Western oil industry members are renewing their plea to the J.S. Department of Interior that he Woodside, Emery County, lelium reserve be opened to prospecting. Most recent proposal reminds the government that by drilling the reserve for oil and gas, citi- Uranium Firm Disdoses Talks on AEC Contract uranium Reduction Co. is currently in negotiation with the Atomic Energy Commission to extend its concentrates sales contracts past March 31, 1962 first annual report of the firm operating mill at Moab discloses. zens of the republic will have: 1. For the first time, an evalua- in addition, to take advantage of other opportunities which toe nuclear industry may provide as it progresses from its present experimental stage to widespread commercial and operational utilization. Mitehel Melich, Moab, URC president, reported net earnings tion of the discovery of helium company for the fiscal year made nearly 35 years ago in the ended June 30 were $594,600 Upper Coconino (Kaibab) for- equal to 33 cents a share. mation. Uranium concentrates sales fi 2. Laid groundwork for possible the A feature of Utah law (59-2-- 4) Period hit $21,402,420. Cost production of this gas. exempts property in interstate 3. Accomplished all this at no sales before depreciation a n commerce from taxation when cost to the taxpayer of the United for a period not exceeddetained States. months for manufacturnine ing the knowledge that helium, aling purposes. The law now applies ways considered an important uui report that the idei to property in interstate transite gas by those in the armed forces, for the 1,500-to- n a day wa whether or not moving on now is listed as "most critical by A? Steen Charles by through rates. Washington, apparently because chived President and The objective of toe exemption director of its growing role in the guided who discovered the fabulou to promote more Utah employis missile race. Mi Vida uranium mine in Sai ment in manufacturing industries. Objective of the oil firm pro- Juan Countys Indian Big Districl additional The employment reposals filed in recent years with the Subsequently, Moab from groui to the Department 6t Interior, is manufacturing exsulting was jo ned by Combined Metal considered is more imhunt for oil or gas at horizons Reduction Co., pansion American Zim to toe state toe taxes than below the helium discovery, of Lead & portant Co. Smelting Hiddei and would which otherwise course. But in the process, a full Splendor apply. The Mining Co. (At la: test and other information could in its ownership of URC exemption gives Utah ManufacCorp.) supIn any event coppers price on be made, free of charge, to the (Notes to the report disclose turers with both zone. a helium and the of markets better opgovernment, rose Metal pliers London the Exchange that, following agreement to com to compete with those Recognizably, this should be of mit its ore supplies to 23V4 cents Wednesday on reportunity in the distric in other to the government. to the Moab regions. ports of the London meeting and great interest Hidden mill Splen knows It To practically dor and associates acquired 600, qualify for toe exemption This replater declined to nothing reof the about the potentials 000 shares of capital stock at property must: A. Be shipped resented a decline from last pa serve. from outside the state directly to value and,, in addition, cor weeks closing price of around are same At the there time, Utoh assembler, manufac23 cents a pound. tributed some $440,000 to cap! the ample protective features insur- tal of the turer, processor or fabricator, and firm.) ing the interests of the people of Mr. Melich said that with thi B. Must have substantial value New Line for Supermarts the United States. They own this AEC announcing a continuatioi added attributable to toe Utah reserve. of a domestic uranium (concer aperations, and C. Must be shipScooter service stations have First, the helium in reserve and trates) program ur ped by toe receiver as a finished added gasoline and motor oil to any new helium found in differ- til Dec. procurement 31, 1966, ar or improved product to points the long list of some G,nG0 differ- ent strata belongs, by law to the currently under negotiations way with th outside toe state within nine ent products already on sale at United States. AEC to extend the company months of receipt. To simplify AEC supermarkets. Busy homemakers contract ii which expires procedure, toe county assessors Second, if the Emery County can .pull into the supermarket reserve is in line will with the announcei accept the statement of toe opened to drilling by 1962, parking lot, an l phone in an oil companies, these firms would program. taxpayer or agent that toe time order for gasoline, oil, water, or (and should) bid competitively Under present contracts, AEC from toe receipt of production tire check. The dealer scoots up, for the right to drill. permits the firm to process up to materials from outside toe state hooks a hose from the service 540,000 tons of uranium ore dur- to shipment of the finished proscooter into a valveinthepave-men- t, Third, the government can (and ing some six periods of 12 months duct to points outside toe state which is connected to un- should) insist on proper safe- duration, each until end of the is, on toe average, less than nine derground gasoli.ie lines and "fills guards to prevent any waste oS contract. months. er up. A meter located on the helium. He said that during the fiscal When materials are scooter (which also carries canJune URC 30, period 1957, ending combined with materials from Above and beyond the question ned oil and other service aids) of need for helium spent some $2,654,000 in comple- Utah points in manufactured records the sale and issues the and emergency the honest efforts of the oil tion of the mill and "for certain products, and assuming that toe check to the housewife who can and in its facilities after full cycle of Utah gas industry to comply with refinements operations is start-up- . then pay it at the store check- suggestions of the government in within nine months, completed The mill was originally esti- the tax out counter. Taking the service possible opening of the reservalibility may be deterstatioin to the customer marks a tion, one other general issue is mated to cost $8,250,000, but mined by calculating toe ratio in historic "first in oil marketing. involved in the Woodside Case. actual comparable completed cost value of to local was $8,540,000, an over-ru- n of materials and toe also, proporIt is the policy being followed $290,000 or 3.5 per cent Chief tion intraof to A Thing of Butyl by the government in Washington items of expenditures were $110,. state of toe final proregarding the general mineral de- 000 for cyclones necessary to im- ducts.shipments Forms for this purpose o a real queen "Ageless butyls velopment o'n the western public prove, metallurgical efficiency. been have officials Ordinance raisprepared by the Utah Corps rubbers, domain. The industry is not The report discloses that the Tax Commission State in cooperbutyl (a ing this issue, of course. But the mill can run efficiently in treatagree. ation with oil from rubber derived representatives of toe refinery issue is of great importance to ment of 1,750 tons of uranium Utah Manufacturers Association the western residents and U.S. tax- ore daily. gasses) was psed in making The Justification of Exform, first allsynthetic heavy duty truck payers in general. The first resln-in-pul- p type Claimed tests. for Fabrication tire ever to pass rigid Army process concentrator in the Unit- emption Under gruelling cross-count- ry ed States to go on stream, the in Transit, may be secured from and highway conditions, its perfacility at Moab for the first six the County Assessor where your and invitories are located formance was found to be at least WESTERN MINERAL months of 1957 contributed 25 per plant miliand to be filed as supplement or concentrates cent the of all may prosuperior equivalent SURVEY to toe manudofrom that tires duced regular assessment forms period presently being during tary can for the mestic which governfactured. Butyl tires, applying to Janurary 1 invitories. industry ment. on conventional equipbe made Mr. Melich quotes a member ment, wont crack, chio, or "age NEW8 - CIRCULATION EM Phone 421 of Street Church as conventional the AEC as stating the in storage types 2402 Curtle Denver St., ALpine to uranium 60 as industry had a golden do, sometimes in as little storof it as nuclear ahead future 90 days. Elimination of this fission finds increasing peaceful ADVERTISING age problem alone will brin ; application. about vast savings in the nations BOX 2608 Salt Lake City, Utah EM "Uranium Reduction Co. hopes 2402 Curtle 8t., Denver defense program. ALpine Entered as second class matter at Salt and expects to share in that fuLake City, Utah, under Act ot March 3. ture, he told shareholders and 1879. rates: 85.00 for two years: employes. It costs an average of $3,800 per Subscription for one year. cents $3.00 day, plus 2 to 2 and one-ha- lf "Continuance of the current Please mention Western Mineral Survey writing to advertisers. Advertising satisfactory level of operations per foot for drilling pipe rental, when to drill an offshore oil well in 40 rates on application. will enable us to retire all of the made possible by lower prices abroad, forced lead down to 13 cents a pound, the lowest the metal has been since March 1054 and compares with a price of 16 cents a pound earlier this year. The most recent previous cut was a half-ce- nt in October. Lead sold at around 9.75 cents a pound on the London Metal Exchange Monday, (the day the price reached and that further meeting was cut here. might be held. A second report was the Italian After allowing for tariffs, and other costs, industry governments call for sealed bids freight sources said, lead could be ship- on 400 tons of electrolytic copper ped here for about 12 cents a bars from its stock. Officials declined to say pound. By weeks end the London half-cent a whether the small lots are the price had slipped lower, restoring the spread that first of other copper supplies to be disposed of in this manner. previously existed. Paradoxically, the weaker for- Trade circles here feared as of Italys reeign price was believed to be a much as one-fif- th discount in advance of anticipated ported stocks of 110,000 to 130,-0tons might be involved. higher tariffs in this country. The Law Explained Tax Exemption sssssr 00 lead producers, of the Tariff Commission would help, not hurt, their industry. Trade sources said at the end of the week, however, that no further price cuts due to discounting in advance were likely. News reports from overseas also figured in the copper markets, where custom smelters held to their price of 25 cents a pound . "Light up and live!" That, says Edmond C. Powers, Educational Director of the Street and. Highway Safety Lighting Bureau of Cleveland, Ohio, should ' across the nation echo and as citizens and public officials seek the means of reducing traffic and crime fatalities in the cities and on the highways. and substan1 Its a well-knore-ec- . ho wn tiated fact that the night hours are the more perilous for life and limb. Low visibility on dark city streets and lonely country highways is a handicap for motorist and pedestrian alike. , out-of-st- ate out-of-st- ate Out-of-st- ate at the record In Indianapolis, Indiana, typical1 American city, in one year there, were 3218 night traffic accidents, 80 of them fatalities. In the same year there were 3,843 day accidents with 14 fatalities. Thus, it will be seen, while 46 per cent of the accidents occurred at night, fatalities climbed to 65 per cent of the total. The year later, as the city sought to correct poor lighting in many areas, night time accidents had been reduced to 3,102 with three less fatalities. Dayton, Ohio, is an outstanding example of a city that saw the "light" and is doing something about it. Writing in Street and Lighting Magazine, Highway William A. Heck, of the Journal Look out-of-sta- 22. "Light Up And Live!" Should Be Battle Cry ' Herald, said: One big result has been an amazing drop in nighttime accidents, despite an increase in population and automobile registration. "The average number of traffic fatalities at night (6 PM to 6 AM) during each year was 22. "With the lighting modernlza- -' tion program nearly completed, there were only 13 such deaths during the year. Thats a decrease of 41 per cent in night traffic fatalities while daytime fatalities during the same period, increased 100 per cent." 1957 Mass-produc- ed 40 38 -- 49 feet of water. L. M. All wttJ. news Editor appearln gin the Western Survey Is obtained from sources Oil men spend just about as Mineral believed to be reliable but no responsibility 20 much moneyy in' the or 30 days Is assumed for accuracy of statements. Reproduction of any material from this it takes to sink a well, as they do publication must have written permission to produce the oil over the 20 or from the publisher. life of an oil well. 30-ye- ar companys outstanding debts before toe completion of the present AEC contract in 1962. "The plant will then be fully paid for and toe company will be in a position to continue as a basic raw material processor and, 'f te |