Show Exploration Program For Silver King Yesterday the Ml Mineral Defense Admin Admin- Administration approved a exploration i I program for tho the Silver King Coalition Mines Co Of this amount the govern govern- government government government ment will furnish ish Ish The development work planned under this grant must be completed within two years NEW PARK COMBINED RI P. I INED METALS SIGN YEAR 3 MILLING CONTRACT CT A year three milling contract has been signed by New Park Mining Co with Combined Metals Reduction Co for handling of its ore at the Combined Metals mill at Bauer Dauer Utah Under the contract Combined Metals will receive a minimum of tons of ore monthly from New Park for Bauer mill An addi addi- additional additional additional flotation notation will be bo opened at atthe atthe atthe the latter to handle the ore New Park Mining Co has received approval of or a DMA project at atthe atthe atthe the Mayflower mine near Park City Utah Combined Metals Reduction Is planning a exploration program at its Ben Den Harrison and mines near Stockton Utah M M Mining I n i 1 n g World LEAD I FROM FRO I STOCKPILE WILL EASE E SHORTAGE Lead is expected to be released from the tho stockpile shortly according to En En- Engineering Engineering Engineering and Mining Journal Metal and Mineral Markets McGraw Hill tion At meetings in Washington the Na Na- National National National Production Authority Indicated to lead consumers and producers that it has already asked the President for stockpile relief to ease the emergency caused by falling Imports reduced dom dom- domestic domestic estic production and a drop in scrap I receipts At least tons will be I needed to offset existing shortages the magazine says It also was disclosed at the meetings that hat a new regulation is being developed to effect some control over o distribution of lead scrap It was admitted however that allocation of scrap would not be feasible Allocation of foreign lead has been postponed to January 1 I but market ex experts ex- ex experts experts believe there will be little to al- al allocate allocate locate ocate by that time SHIPMENTS TONS SHIPMENTS-TONS TONS I New Park 1674 I Park Utah Keetley 1265 Park Utah r Silver King cons Total tons STOCK SALES S SALESe e FRIDAY East Utah at 1000 at 25 c. c Silver SlIver King Western at New York Exchange Park Utah at Silver Silve King at New Park 1200 at SATURDAY New Park at s i New York Exchange Park Utah at New Park at MONDAY Park City Consolidated at New York Exchange I Park Utah at I New Park at i TUESDAY Park City Consolidated at Park Konold 1000 at 2 2 Park Nelson 1000 at New York Exchange Park Utah at Silver SlIver King 2200 at New Park at y WEDNESDAY Park City Consolidated at Silver King Western at New York Exchange Park Utah at Silver King 1800 at New Park at |