| Show - ' The Salt Lake Tribune Sunday 16 B ' i Up and Down the Street I i p 0 a 1 s Tungsten Program Vital To Prosperity in Peace 1 (4 :tI By Robert W Bernick Tribune Business Editor Of all the metals vital to both peacetime prosperity and successful defense in an industrial community few are as Farategically important aetungsten Yet the history of tungsten developments in the United States during the last decade has been fraught with contradictory government 1c - ' i 1 ' 1 ' 1 1 :: ' t - - k k- ) fl I! I ' to' - ) ' I ' i I i - Under stimulus of a government-purchasinprogram initi1956 (unless extended) it ated in 1953 and to expire in is now apparent that there is a great deal more tungsten avail- able from domestic mines than ever thought probable Given a few more years of freedom from foreign dumping of tungsten concentrates plus a stabilization tariff which would provkie for supplemental imports of the metal and the United States will have achieved its goal of creating a healthy domestic tungsten mining and refining industry THIS IS a particularly important objective as the bulk of the worlds really large tungsten production is encircled by the Communist bloc of nations—China in particular One of the concerns of those familiar with world commodity markets is that the Chinese Communists may again throw tungsten concentrates on the world market with the sole objective of disrupting free world supply arrangements of this critical material It is argued that if the government abandons the tungsten miners In the United States then calculated dumping of concentrates on the world market by the Soviet entente would complete their "Itluidation" Needless to say instead of "low prices" of tungsten tho price would soar astronomically (Our nation once paid 650000 a ton to keep tungsten from Nazi hands) The new book "Tungsten the Story of an Indispensable hietal" illustrates the meaning of tungsten in wartime "It was two years—a period measured by death and destruction fearful cost in human lives—before the 'United States pertype with fected projectiles of the North African the German made cores which carbide tungsten : 11 1 N It ' 1 f ii 1 mid-ye- s do I 1440' "4 4 (7 1 T 4 1 l' I I ' - elitiOix -' - 04 4 6 4 it rr I tie 41 L ai V k 91roke ro 98 5 382747 151319 1114t atI ottt 100 0 s G INC write-dow- n k Iv:mg-Bel- Coattavt 11 Ww1 Am hsvimatesi Broadway Lisbon McBride gait Lake City Utah Nal' Duchess Federal Great 'Chief full dowita Eme I Bid Asked 31 46 T325 1 01i 350 13 Oil Standard Ur 0 Senil for A0L Ilan 211016000000 st313000 so 929771000000 $30247000000 02 in 1934 In a 19:55 '37S 20 1111114 fro f rresent office of the firm is at llor nominal market prices Car Loading Up lookle t 4 )0year pet i Sec-Sa- t 25 r 1 111 I 0 QUICKSILVER-628842- pounds) New Yolk TUNGSTEN ORO—U3 50434 unit 420 pounds duty eau a 129 per cent above the like week of 1954 the AAR said ' "251 soo S 8q477 IVashington the railroads l'IllifL11111 I 47s' 400' 65-"- I 6- 37 0ITWTf 34631-4- 1 11 1 4411111 1 lateditipoo il 1'' LCUIps4111PInt117 3St )25d i 1111111 ii I )0ci 11301 17111111111111 s4 i!1JIII11114i'111IIILIII111)1:411L111J111 WI - Feb17i itJ1 1147705'— Illitilliill t Ii - Conatast Ranger lotto Itprot on Waco Uranium pany and Pro‘poous on Kongo nium RANGE I loo HiGH LOW )1$ 113479 10 463 Jan -- 490 92 458 75 385 1955-4- 90 89n 195 3511s ti1929-386- 10 iy17777:::-117:41- so e KS S951 t9S? MSS 1954 1956 -- A : :1 Dow-Jo- Sgrvict NEW YORK—Atlas Corp de- clared regular quarterly dividend of 60c on common pay STOC KS Aoprox Sid ottil?1 Alto 11 Alpine Ask NOTICE TO SIllit IllootS STOCKHOLDERS oolv BEACON March 22 record March 3 ON MIDI INANWM Nominal — polo Low 116sch IIIV61 111 11f1t 16 I4 Wet test Ilmnil 11 Al Pettoral I I Onset Pott 1311731 P610 It IVA I ) 16 3 1rki 1IA 01 J106 Pk ktn0161 Plowablek N in's l 16 14341 A14'41 llr 64A par 134 I Shurnwar WI 'I 73 Illenriard Urron king 03'1 ViPlit Caln i alln 00 4 Yerlk I I II ll th4 a Il114 t Srli - II 6 111 141- 00 001 11401O'Al 171 6 'I l klk I II 0111 111 04'11 1461ari 06 1141Irlit 11rws1wo Stratford ll ll L Wendell)° row SIC is S 6401 Cr ea Iltvro0 S IWX-S- lir 01141 101-4- 0011 1111t 1311t IS )0 04"1 03' 00'1 lib Mt Mos 'tr : 13 i :15)1 31('' 40 - 111isost SIni 011 (old (lout Cht 0 eitc 1111 01'1 At ili14 3 ft t - I i "v- -- 1e ipo :mete Sos 0041 104 0011 It Ulo 01 11 U U 0014! 11119s Liret4 SIO WS CI 041 Lode 11 Moss Pooie 1) (0 : r::: prsrtort Aeldlost 10001 Pvol (11011:It tilt lino 4 11 11 ti l AIM Min SO 1111 0111 1 1411 OS 03's 014 034 0414 0116 099 OIV 01 0011 11 11 004 41:4 Eon 001p V1 rat VOL I 11 11114 11I 111 It l'ol fit 004 694 Al Wine All UPOIt0oal loth lwellanito gottlime 21 00 (4) pcSopos Now 01 p ' 01 Silt Cs 1134 01 :11 oUran Whotaloth Vallk UP 111101tEllAGI tabs City liMt I 11114 011111 1114 Nine Vosise It 74 sl 01 03 0114 otps prom 0711 INllors 014' 041t1 416If 00 01 01 1 01t 21 0 Ytjrr"""IlL ti 01 11 Cris' 111 Ind Wan : T4:1111 Palhtindise ponnoti C Ution III 00t Ii Serel0114 N N90 Us Urs 1 31 14l11 01 111 00'111 OP:1101I'Vr1111 U 111 444 001 001s 03tri 1rnc 0014 12 1714 Trans Witt ri Stste r 14 11 ml Inundebel1 11 01 11 01 14 11411I1 11 09 ' Mt Mab Mine 0noS Ur Monl 10411 t'vt4ttt lumii"1110 sIJ 3 W111111 vil 011s Pint olt 1r 41 00'11 I un 110) 311 II 1444 Ail 160L11101 - 11rlint Ssyosi MdWiCi 0s1 011 WI '41 Ort li 03 14 (11'4 11 A" I 011'1 1011c 11141 00 Isom Trail 01 110 11 lipencor 1Indors1 1)3 13112 fillordvit 0110 011Ip 01 11 04 114 114140 igull Shmr44k 1 h um ay 111v lock 0111 019e 04 11 Sonar ill 01 fai DSC — — 111pb 01110411 woo' Mop ' 144'11' ' Uttadt 0pan 01 01"11 11 0111' 11 I17111loll 01 07 11 1? 11 1111'4 Minr1 011 011 04 0114 I 00114 03111 Norse tan Imporlai inler Men Lucky Me tuck) $tar 11rblit C 00441 r00 10 Lavonellor II10 011 14rtuios os of Fob 13 11 01"s Jolly Jses Juslhoirn ken Cr Siohab kn4P0 1 00111 U en dapublit Lokesitte Apache Spanish Trait (merest and bun in request Reports Monarch Jwol 4 01 Illotky t6onn'tlorti"Uv SA W Sallrseit Pre$idant Co 11 11 11 10 (0414nch Cone be restricted to bona itely fide stockholders of record as of March 15 Lotter of milo tion must be presented at door 4711k 03 Allt 01111 1111‘41 0014 Col will 004A 011 Mon41 A stockholder's meeting will be held March 15 1956 at 8 pm in the Crystal Room Newhouse Hotel Solt Lake City Utah This meeting defin- 111Stk'6604 Hawk Sol Calamity C Carbon Cntfe Cos Circle tlitt STOCKS Lint Cho it 1111 11) Lltord Senn Salim' Sr WO A0A Sitio CORP WM'S 11100A 1111(11 URANIUM State City 40m14d 0) Al lit 0311 Nrn Ivo big nit Strettt Quotations 01111 II 4con 444441 Sim lond Uwe Nemo 00141 Ounsito 0111 0911 R CO oorid r000rt of rongr P t io oroivooloo ComLira URANIUM Apw(s Arrow Atios Atomic Iltankm 1 REYNOLDS vont nfl nocitmtt Comp-an- An(an :i 1- Declare Divdentl SLI1193 11d Atheal 13 10 041' New Itioe Uwe You Invost 632 Judge Slag Solt Loki City Utah Wish C F11'' IrRIME I Cowls Pike fob 17(477 05) Was High's Sint r13 6 Ere 341 Salt lake J2S 0IivJt — TVIX—SU - 1!° i v14111141 II 7 1 L R Ewe 9443 432 Judge Bedtime Safer Invostigoto kw Solt tole Steck Exchenee Mem 191111111N'IL 11 '11 41111 that the 'treasury was considering a revision In spending estimates That might make possible a tax cut later in the session According to reports the treasury would lift spending by 700 million dollars in the current rather than in the next fiscal year The switch is predicted on the assumption that receipts for the current fiscal year will exceed estimates Was CRre '44rS 11 I:43y 1 I requested rate boost On Wednesday the railroads agreed to postpone from Feb 25 to March 7 effective date of the proposed rail freight rate boost after the ICC requested more time to decide whether or not to let it take effect :" RANG I 70 11—ain 450) 2tci tMtY :7 ton BASED UPON DOW-JONE- S AVERAGE OF 30 LEADING INDUSTRIAL STOCKS ON THE NEW YORK STOCK EXCHANGE ( i By John G Forrest New York Times Writer HOWEVER ICC spokesmen said the truck rate increases were considered "on their own merits" and independently of Average Price of 30 Leading Stocks LAST w During the two prehoilday sessions on Monday and Tuesday trading ebbed in seesaw price movements The market gained strength Thursday on expanded volume and the firmness continued through Friday Financial circles continued to await the President's decision on a second term There was of course plenty of guesswork about his plans The majority opinion howeyer appeared to be that he would run again Meanwhile there was no indication from official sources of what where or when the announcement would be made ANTIMONT-Z1t34- 17 fi By Associated Press NEW YORK Feb 25—Copper fabricators long accustomed to pressures of tight supply were shopping in the highest market in 91 years this week By fuesday the nation's three major producers were selling at the price of 46 cents per pound Revenue freight carloadings 1)9' pound ties' titan carload low New the nation's railroads last week cased York Bulk 32 cents carlots producer's totaled 690319 cars an increase plant MANGANESE 20 a long ORE—Stift of 1309k cars or 2 per cent OM I22 4 POUntiA) India one elf above the preceding week the V S unit porta duty 'are erromanganese Association of American Rail- —1025 a pound s(andard carload Iota fob shipping point roads reported NICKIL-4- 14 3 cents a Pound plectra Railroads loaded 48071 more lvtic cathodes Port Colborne Ontario Included US duty cars in the week ended Feb 18 than in the corresponding week PLATINUM-3- 87 $111 an ounce SIIVER-81- 82 of 4955 an increase of 74 per centg an "LIAM New York MA pence London cent TIN—St 00 pound New Yolk 71 Loadings were 79606 cars or j Ostia (78 0(liough tidal of $1011139I000 went for new lacilitic5 A pre lowly reported tuade a new high Inq )ear at $11g7400000 and net Fula 1110 trached a new high Feb Ir' Stock Mart Moves Ahead After Opening Dow-Jon- put-chas- WASHINGTON 2nd South 132 sales and machine service The new office will include deal Freight Rates Hiked for Truck Group YORK Feb 25—Another grade of iron and steel scrap has Joined the list of items which extended their downward price slide this week A large Chicago area steel mill was reported to have a tonnage of No 2 bundles at $38 a ton delivered a $3 drop from previous acquisition made last month but only $I under generally quoted report states The company spent 102 mih bon dollars On new- - facilities last year against 111 million 1330 14 announced the previous Friaiy But the President did make some important decisions by the Anaconda Co This was during the week three cents above the former lie offered to use part of the nation's farm surpluses to help prevailing price Westetn Europe which has suffered the worst winter in a cenTHE INCREASE brought tury lie also directed that one billion dollars worth of uranium quick reaction as brass and wire be released for sale or lease for peaceful production here and mills passed on the higher costs abroad The amount to be distributed-880- 00 pounds of with compensating increases in is to be divided equally between domestic and foreign markets the prices of their products none will go to the Soviet also raised Alloy producers Union or its satellites prices in proportion to the copper conteitt of their products TWO MAJOR economic deThere was hesitation by Kenvelopments—the rapid growth necottCopper Corp and Phelps in 'consumer credit and the 1 Dodge Corp the nation's No and 2 copper producers in continuing wave of mergers— came in for special attention boosting their prices to the Anaconda level It was generThe Federal Reserve Board in ServIce ally feared that mounting copWASHINGTON compliance with an Eisenhower Feb 25—The per prices would drive users to Interstate Commerce Commisrequest disclosed plans to study find less costly substitutes sion gave the go ahead to a gen- the need for standby controls For the present Ind foresee 7 era! per cent increase in truck- on installment loans A house able future however the de man for copper remains ing rates for a middle western subcommittee sprayed a bill trucking gr o u p representing requiring 90 days advance noheavy most truckers in the region The tice to the government on torJanuary use of the metal at Increase will take effect by porate mergers involving rnore mills and foundries was more March 3 than 10 million dollars in assets than 11000 tons greater than A railroad Tax revision also was in the spokesman termed MAJOR METAL PRICES the commission's decision not to spotlight A House Ways and COPPER-- 48 53 cents a pound de block the rate increase a "very Means Subcommittee recomlivered Foreign 455275 cents nominal good sign" which °'makes the mended changes in excise taxes New York LEAD-- 14 cents a Pound New York outlook brighter" that the ICC covering a wide variety of busi1380 cents St Louie might act favorably on a 7 per nesses as well as new methods 2INC-- 13 S rents a pound Last Et cent railroad freight rate boost of handling disputes Involving Louis 14 cents New York slated to take effect March 7 these levies 4 ALUMINUM-- 24 cents I pound ingots shipping point Piss 22 5 cents unless the commission blocks It The word from NEW Dual "Understanding the Over-thCounter Securities Market" Stat 1 W9180000® $3210011000 s15monowo Another Scrap Grade Joins Price Decline Cent NEW Y011k Feb 25 — Union Carbide and Carbon Corp expects to P pe n d over 100 million dollars on plant expansion this year Its ail e City 1117100120201g) E41348000000 12123000000 921994000000 l l'as't Expansion 4 It 0101 eavo mod ono user woo 1141dhis 102 Ili 1111M7 CitrVis1 I $100 per sham Par Value: $100 Ground floor Offering I 9912000000 of $483 a share against $310 In the preceding year Fran-chic- ° Common Stock In o 205 110 3 241 113 1 ' 0 OS 1E502 390 $15940400 11341000000 S17747731000 S57048000000 9261 01 000000 ACT NOW!! atm 1135 Ticker Dow-Jone- s s mo 9953030 $1122111000 10397410 $18910000 al 119000 0110 L10210000014 u loro 6918950 5268250000 1011 t $210400000 Stoney in Ctrculation ol 1 ''''s AgetA NEW YORK Feb 25—Traders took a more optimistic view of the stock market after the Washington birthday holiday' As a result prices advanced for the second week On the "big board" particular strength was displayed by metal oil aircraft and motor issues 8 WO 342751 195079 g 9A3000 138907 10 140000 - OktO d 1 ilk - 91-Ye- ar Cutter Laboratories Take $5844219LossonSerum Ca t 1 Copper Soars To Price Sununit 930248 334298 S5450110000 Cold Stock Lon( Raised 4 4 i 101 8 1184329 898J19 1ms nis SI Stores List Boost in Sales '' ' 4rv t' k '' 1 borne office on which ground was broken Saturday mon Construction is builder on Knight Realty Co American Airlin03 Executive see Slower Travel Gain -- - - Bv Associated Press following table give operating results In finance in ttie latest week wan comparison week wid a year ago: Latest Week Previous Week Year Ago sreseittesertes Treasury I 1 Freight BUI1111P I A - crude structure ' lfp itt t z - - Auto Prod tUnlisi 10IN1000 Sott Coal Prod Cl'onto 011 Prod 11987230 ($IAs) A amnia $4440000W Engineering ( Prod of 1013 Cap) Paper Paper Boaz d Prod On 0 114 ot (ap) I0MS 4ao Stork Salt iSharest 1117474 Bond Sales (Par 'Value) 252 Bun Failures (Number 11 0 Wholesale Prim 011S Index) 11321000000 Elec Power Prod IKWID 919 l''" ""' t''1 Sank Clearings 1 536391000000 emend Deposits area WILLIAMS said concern the for manager stone new and tapestry the east brick containing 11000 squarefeet of floor space will handle sales and service in Utah Wyoming southern Idaho and eastern Nevada The project will be built by llorman Construction Co Owners of the building are Mrs Nei lie C McAllker and her sister Miss Florence Gilmore both of CLAUDE - :4- oastr--------- Steel Prod (ls of Cap) Freight Cs( loadings Misc - k ' : NEW YORK Feb Ma jor lines of bUsineen and with the preceding " 1 - :' !-- t 4 : Sues on Contract I- - p ? a ost-- 1 -- two-lev- IN-if:SI-C- i 1 wotillmrompm4 S Last Week in Finance Addition Eyed For illakoff Parking Area 4ACT - 4 Ground was broken Saturday for a new $140000 IntermounEast tain Area office at 408-4t- h of National Cash Register Co Dayton Ohio i ' DowJones—AP—UP—INS—New York Times ' 1 4 0: - ' ' l''' ' 0 0 — 11 Rising on City's Sky Elle - f 77 1134"" 4 i ' OKZ '‘ - I ' ' ' ' :1' A: Mines Markets Business News Dow-Jone- ‘ 1 f )1) New Building newly-organize- - I - Ohio will oeellpf Notional Cosh Resister Co- - Dayton loot Intermountain 11000 liquor this slew 0110000 two-yea- Dow-Jone- tj t: 4 armor-piercin- g ! I - fr'N 41)' -- Salt Lake City Keith L Knight president of Knight Realty Co brought prin cipals together in completion of the project National Cash Regcampaign a successful one" lease in to ister has signed able was r proUSA the the period During new of the at Allies quarters occupancy victory duce enough of these projectiles to give the Service Mr Knight said the Battle of the Bulge the book states The structure on the corner of NEW YORK Feb 25—Cutter ' "Altogether tungsten Ins used in 15000 different types 4th South and 4th East has at- Laboratories was hit by a $584- of war items in World War tached garages for six automo219 net loss in 1955 due to re ' biles 'In the race for tungsten hung the balance between victory valuation of infantile paralysis and defeat Germany W83 paying Portugual and Spain $30000 vaccine a ton for the vital critical material Both Britain and the The firm suffered a $1373535 at United States entered into this 'preclusive' type of buying oil the vaccine and of that on every sound pound the theory the same high price the gross loss was $1- though tungsten ore they bought was one pound less for Hitler" a reduced tax 209000 carry-bacCurrently China's tungsten reserven are rated the world's to net It the largest iand in the recent partition of Indochina its tungsten Cutter which was an imdeposits sithwigh small fell into the hands of the Communists portant producer of the vactoo cine was obliged ta recall its In : ONE OF THE largest other single sources of tungsten Addition of three more floors shipments the free world is in Korea a few mile from the 38th Parallel to the Makoff parking terrace Cutter plans to carry out only such boundary between North and South Korea It is probable at rear of Makoff's million dol- research and pilot plant proor war of case in Reds the of bands into fall would a deposit lar fashion centerl 2 E South duction of the vaccine this year at least be "neutralized" Sales were reduced last year Administration) Services ' GSA the (General Temple is plannel for the fuIronically 11 million dollars from 11 which does the metal buying for the Office of Defense Mobiliza- ture it was announced Satur- to on million dollars due largely to $189900000 have will spent tion recently testified that it of substantial of day the domestic completion program the present tungsten purchases during G Cheney president contract sales to the governCharles w hich '199600000 would be a loss" of the Utah ment and the American Red GSA °apparently computes the "lona" on the baste of pres- Forking Co made the stateIn 195'4:Cutter reported a ent "free world" tungsten prices ment in connection with annet profit of $676039 is ignoring: nouncement his firm would ' It Is apparent the GSA in its "lou" estimation be if there were manage the present (1) what the price to defense industries would in parking terrace Mr Cheney no USA production at all and (2) what the price would be stock defense national said expansion of the terrace the of course wartime The purpose of war would permit parking of 770 of case in SEATTLE Feb 25 — Filing materials vital to is supply pile cars making the facility largest of a suit for damages and violaao4Alom of ita tvpe in the city tion of contract by Harbor PlyCheney former depart- wood Corp against Long Bell ment 'manager for Salt Lake Lumber Co in federal court Hardware Co said it was his here ha 5 been announced by intention to acquire or manage Norton W Simon chairman of other parking facilities in Salt Harbor Lake City under his "Park N' The Harbor suit asks damService pared with 19 4 billion in 1955 to shop" program for 25 million dollars and '19t31 it grow ages And might by ST LOUIS Feb 23—Further 10 MI111011 dollars In exemplary 34 billion of the neighborhood growth in airline traffic al- or 33 billion he predicted damages acthough at a slower rate than in Mr Mogan based his expectaEarly in 1949 43849 recent )years was forecast by tion on the following factors: Harbor shares of quired 'William J Hogan senior vice becoming the largest single national IN the stockholder prhident of American Airlines GROWTH Sales of Salt Lake depart-- -In 'chars of finance and plan-bt- economy as a whole increase ment stores Increased five per before the Society of Se in decentralization of both population and industry additional cent for the week ended Feb turity Analysts here personal income and leisure le compared with levels of a MK HOGAN said the domes- - time the necessity of speed in year ago according to the Fed NEW YORK Feb tom smelter copper—on onion tictrunk airline industry might business travel and modifica- eral Reserve Bank of an tronsoetions—hoi been raked be'expeo in 25 to fly about tions of distribution methods The sales volitme on a dol221)11110 I half cent to 53 cents a passenger mica corn and Inventory practices lar bask w as up two per cent for the Jan 1 Feh 18 term over Major producers have ad ID54 in Salt Lake City This hered to a 46 cent price rrIi sdvipriisemyst Ii tatittior ss offer i buy Per iU this shires compares with a decline of one Scrap copper price' also °florins b iproopctua onlif is Lish rsidento per cent for the 12th Federal were boosted one half cent a Reserve District generally and pound to 43 cents for No an increase of two per cent topper sire the second such nationally for that term advance this week This Is equal to 485 cents a pound for reined copper available Beforo Sled Shares Are Priced ileyond Your roach for delivery In about three m einnths high-velocit- y 1 o' e0ftrer-o-olao-- - 0'1 'i - ''''IMP'" A '4 '''''''' o ar - - - 0 1 4''''''''' l )'I g 41 II ' ti e ' 'v -' 0 :t t k ' ed-- - ' ' ) Domestic production Ie the Index of self trafficitetey ease of war has risen significantly I 4' $ ' - v 1 '' k A tion in Nevada for example was second only ' to copper last year f i ' Salt Lake City has one of the few tungsten it ail 4 Mr Bernick refineries in the United States—drawing on ore and concentralesIrom an area extending from Montana to eastern Nevada Utah has several tungsten mines i I ' ' pendent upon a healthy tungsten mining In dustry From a value standpoint tungsten produe- - 9 '''I I Some ' 1 - 1 ' : I 1 ' ' February 26 1956 11 ChM - ' |
