The Los Angeles Times from Los Angeles, California • 41

FINANCIAL 0 MINING MONDAY MORNING. MAY 24, 1937. Student Classifies Entirely PROSPECTOR GATHERS TRUCK LOADS OF ORE NEAR BALLARAT Geologists Off to Iniskin Bay Alaskan Wildcat Well Drilling to Resume Market Rising as Week Ends Leaders Are Motors, Steels and Coppers; Brokers Optimistic Tells Gold Find on Wagy Ranch Rich Strike Reported in New District Near Golden Queen Mine The possibility of another im New Mineral in Mine Study BY HOWARD KEG LEY nering from the hills what oth Those who are. opposed to erwise might never be turned Secretary Ickes's idea of with drawing public lands from min into wealth, will be interested i the experience of Harry Banta. Mr.

Banta is not a miner, and he has no mine, but he has a eral entry and are in-favor of giving the prospector and small miner an opportunity to sup portant ore discovery' in the fairly good truck. He goes, out Odd Discovery Reported at Tough Nut Mojave district Is seen in the into the hills south of the port himself and family by gar- report by A. H. Diestler of Holly- Panamints and not far from Bal-larat. There he searches around in the hills and picks up native wood that he recently opened up NEW YORK, May 23.

(JP) Steels, motors and coppers were star performers in a rising stock market last week. They jumped around 2 to 5 points and helped the market score its best gain since week ended March 6. While special influences operated to lend vigor to these favored groups, the market as a whole had help from other $5 to $12 gold ore at surface rock. This he hauls to the Bur on the old J. I.

Wagy ranch ton mill at Tropico Hill, near Will Try Staging Mining Revival Rosamond. TOMBSTONE (Ariz.) May 23. (Exclusive) One mineral previously unknown to science, and seven miles northwest of the Golden Queen mine on Soledad "77 fw mi if It 7 JF Mr JZj- For some time Mr. Banta has Mountain. been hauling in ore at the rate several which are quite rare, sources.

of a truckload a week, and re mis strike was made a COPPER USED IN ROOFING CAMP HOUSES PHOENIX (Ariz.) May 23. (Exclusive) Copper producers of Arizona believe in using their own product. All the fifty new homes being built at Ajo by the Phelps Dodge Corporation for Its employees are being roofed with copper. Twenty-nine buildings under construction at Miami for the Inspiration Consolidated Copper Company and twenty-two at the same place for the International Smelting and Refining Company are being similarly treated. The Magma Copper Company has ordered copper roofs for six new buildings at Superior.

ports indicate that the material When Supplies Arrirt Los Angeleg oil men, interested in oil development in Alaska, are en route to a point west of Iniskin Bay to resume drilling a wildcat well which last fall reached a depth of 2500 feet; Carl Beal, Los Angeles geologist, and Dwight Whiting, geologist, left a few day3 ago, Mr. Beal by air, and Mr. Whiting by Beal will fly his own! private plane to Seattle andj travel the remainder of the cU. tance by boat and train. He: ex pects to be away thirty days? supervising work at the welL Homer Havenstrite, official of California Western Oil Company, is already in Alaska, making ready for resumption of drilling operations.

Work would hate-been under way some weeTss ago, but an unexpected thaw brought down deluges of wasta water which delayed Until needed supplies reach scene of activity development will be rather have been discovered in local mines by C. A. Rasor, University of Arizona student who has been lime porphyry. Preliminary work, Mr. Diestler says, indicates If Yvonne Frances, a San Francisco actress, had arrived in Hollywood soon enough she runs close to three ounces gold to the ton, along with a little PRESSURE LIFTED One of the most important elements of strength, brokers said, was the lifting of pressure that the values will be around assisting in a co-operative survey of the Tombstone district by the silver.

This prospector is combing the hills in an area where probably would have been wor- $45 per ton at a depth of eight which had resulted from spec there doubtless isnt enough een to twenty feet below the ulative indigestion suffered main ly in London. United States Geological Survey and Arizona Bureau of Mines. Not the least surprising of his good ore to support a mine and mill, but where there is consid-! erable rich float which can be discoveries is that the millions As some saw it this, together with what was described as an surface. Further investigation of the discovery is now being conducted with a view to opening "oversold" condition, paved the made to keep a sharp-eyed pros pector going for some time. way for both short covering and up the property.

The Wagy ranch, consisting of a return of some so-called invest ment funds to the share arena. 6300 acres, was sold little more Measured by the Associated Press average of sixty shares than a year ago. Large boulders found on adjacent holdings Mr. Diestler reports, assay as NEW POSITION Harold W. Hoots, former assistant chief geologist of Union Oil Company, has joined Richfield Oil staff as chief geologist.

Graduated from University of Oklahoma, he was with U. S. Geological Survey, joining Union Oil in 1928. He is past president Pacific Coast section American Association of Petroleum Geologists. high as $275 per ton gold.

the market was up 1.9 to b8.z. The industrial average of thirty issues was up 3.1 to 92.7. The rail average of fifteen issues at 45.5 and the average of fifteen 1 at. 3N, I- Farrell Runs Mojave Mine Trent Leaves Company to Direct Activity at Whitmore Mines of ounces of silver produced by this camp did not come from the ground as chloride, but as bro-myrite. XATURE KEPT SECRET 'Nothing regarding the nature of the new mineral has been disclosed by Rasor or his chiefs.

In ai thesis on Tombstone mineralogy, written for the master's degree he expects to receive in June, he comments: "When a sufficient quantity can be separated and analyzed, it is suggested that it be named tombstonite." Ed Schieffelin, discoverer of Tombstone, and all others who ever mined in this historic camp, called the ore "silver chloride." Rasor finds that what is going by this name today is the bromide form, sometimes called "horn silver," and much softer than utilities at 42.5 were each up .8, ORE MOVEMENT RUNNING HIGH I Whitmore Gets Info Better Ore Sulphide Showing on 200-Foot Level Is Surprise for Many On the climb, observers noted, the market had to push its way BACKBONE ORE HANDLE HEAVY Copper Property Gets Gold-Silver Values That Middle Buttes Mines, near Soledad Mountain at Mo through an underbrush of scattered strikes. That it continued the rise at the end of the week was inter-preted in some circles as evidence that Wall Street saw no hindrance to production and profits in proposed wage and hour legislation. GAINS WELL SCATTERED Yvonne Frances jave, is now under the direction REDDING, May 23. (Exclu of J. H.

Farrell, was the an sive) Steady production of prof McNiece Speaks for Engineers At a Joint technical meeting of the American Institute of Mining Engineers in the Engineers' Club Thursday, Irwin McNiece, chloride. Rasor doubts, that itable ore is reported from the properties of the Backbone Gold nouncement that was made here Saturday when it was learned that Walter Trent, who opened the property two years ago, had thy of a part in "Golddiggers of 1937," for she is potentially a true gold-digger, being a third generation owner of the noted old Gladstone gold mine in Shasta county. As it is, her interest Up 1 to 5 or so on the week were United States Steel at resigned as president and man 100, New York Central 47, Re ager in order to devote his en Carlisle District on Ten Car Schedule DUNCAN (Ariz.) May 23. (Exclusive) Ore production front mines in the Carlisle just across the New Mexico is now running ten to a dozen cars weekly. This ore is trucked to Duncan and shipped from here to the El Paso smelter." One of the largest producers is the Alabama mine, with shipments running from two to three cars a week.

Another is tha Norman King mine. George Utter is shipping from his property; and Frazer Brothers are maintaining steady production from the Twin Peaks. It is expected that the New Year's Gift and Blue Bell will soon be added to the list of divided between the mine and public Steel 364, Anaconda 54, General Motors 57, Yellow tire attention to his Whitmore Mines, and a new property there was ever any silver chloride mined at Tombstone, but is looking for further evidence on this point. LUCKY CUSS SOURCE "Tombstonite" was found in the Lucky Cuss, one of the most spectacular of the early day bonanzas. Rasor's searches through the Lucky Cuss work her work as lead in "Thirteen he is opening up Nevada.

Truck 26 and Chrysler 113. Fractionally higher were Para Missing Minutes" at the Holly United States representative of Marsman Company, owners of Taking Mr. Trent place as wood Little Theater. mount Pictures at 20, Balti president is Dr. A.

H. Giannini. Mining Company near Kennett. A smelter with a daily capacity of 100 tons was installed last year. Approximately 3,000,000 tons of ore are estimated available, with a large tonnage blocked out sampling $5 gold, six ounces silver and 4 per cent copper per ton.

The corporation holds a lease and purchase option on the adjoining Golinsky copper mine, formerly noted for its yield of shipping ore. The Mountain Copper Com-. ay, onf of the oldest copper Her parents, Dr. and Mrs. J.

F. Peattie of San Francisco, in The company recently brought more and Ohio 32, Radio 9 and Texas Corporation 60. gold properties in the Philippine Islands, will talk on "Manila Gold." Mr. McNiece has had seven Mr. in as consulting en herited the mine from Yvonne's ings also yielded hataerolite, or Commonwealth and Southern, second most active share of the maternal grandfather, Lewis Al gineer and he now is in charge of development work at the zinc manganate, previously found in only three United States localities; hillebrandite, a hyd property.

Under Mr, Trent's dl- teen years' practical experience in Philippine mining and is a week, was unchanged at 2V. Fractional losses were recorded by United Corporation at 4' and Santa Fe at 87. rection the property produced $300,000 worth of gold in less rous calcium silicate heretofore len Mcintosh, who worked the 1200-acre mineralized property for many years and extracted a fortune from it. The mine has been idle for years, but Miss Frances is negotiating with a strong and convincing speaker. A than two years, according to an few weeks ago he addressed more announcement by an official of found only in Mexico, and thau-masite, a hydrous carbonate sulphate and silicate of calcium reported at only four other United syndicate which expects to get the company.

MOJAVE, May 23. (Exclusive) Rapid progress is being made by Walter Trent in development of Whitmore Mines, on Standard Hill, a property to which he now is devoting his entire attention, he being president of the company. The Whitmore property embraces twelve claims, flanked on the west by the old Yellow Dog gold property and on the east by the Standard groupof claims. The crosscut on the 200-foot level of the Whitmore's No. 3 shaft encountered the ore body in the hanging wall previously opened on upper levels.

Uncovering of sulphide ore at the 200-foot level in contrast to the oxidized ores opened in the upper workings is attracting much attention among operators in the district The new ores are said to carry more uniform values and the widths seem to be increasing. NEW CROSSCUT STARTS A new crosscut is being driven to the west on the 100-foot level of the No. 1 shaft to tap the Yellow Dog vein, heretofore unexplored. The No. 4 shaft, under the direction of M.

R. Matiland, has reached the seventy-foot level and the ore bin is now being filled with shipping ore. With two new shafts scheduled for the Whitmore properties in the immediate future, Whitmore Mines is now pushing what is probably the most aggressive development campaign in the Mojave area. producers of California, is maintaining a heavy output of pyritic ore from its Iron Mountain-Hornet group in the Keswick than 100 mining men at a gen eral meeting of the Mining As sociatlon of the Southwest. it back into production this year.

States points. In the Tough Nut Farmers Make Own Gasoline he came across connellite, a scarce hydrous sulphate. field, the product reported to shippers, foe both have changed hands and are: under development The Blue Bell was a producer of high-grade copper-silver ore, with some gold, twenty years ago. The shaft has been unwatered and Is novr being Equipment is being moved to the New Year's Gift by the California people who recently took it over. 3 be carrying good values in cop per, with gold and silver pres ent.

Most of the ore is converted in Texas Area Ten-Dollar Ore at Mb Diablo Gold Property into chemical and fertilizing products. Battle Greek Discovery Sells to Pike Group LUBBOCK (Tex.) May 23. (Ex Trinity Placer Operation Runs Heavy Yardage WEAVERVILLE, May 23. (Exclusive) Operating an extensive acreage of placer ground along the Trinity River near Lewis- Campo Seco Goes clusive) One of the new developments in farmer co-operatives that is attracting attention in industrial circles of Texas is the LOVELOCK (Nev.) May 23. (Exclusive) Development of a fourteen-foot ledge, in the Mt.

After Red Metal construction and operation of small gasoline refineries. Several Copper Company to Start; Mining DOUGLAS (Ariz.) May 16. (Exclusive) Production is shortly to be resumed at Nacozarl, Son-ora, seventy miles south of here, by the Moctezuma Copper Company, a subsidiary of Phelps Dodge Corporation. The mine was shut down five years ago but has been kept in good condition. A small force under H.

H. Horton is putting the upper levels of the mine at Pilares, five miles southeast of Nacozarl, in shape for ore extraction. The ore is to be shipped to the concentrator at Nacozarl and the concentrates sent on to the Phelps Dodge smelter in Douglas. At first only one section of the mill will be operated. John C.

Mcintosh has been appointed Diablo mine near Rochester, ANGELS CAMP, May 23. (Ex WIXXEMUCCA (Nev.) May 23. (Exclusive) The discovery of gold ore assaying close to $230 per ton has started a rush for claims in the Bottle Creek co-operative plant3 of this kind sampling $10 per ton in gold ton, the Trinity Dredging Company is handling 90,000 to 100,000 are located in parts of the State where crude oil supply is easily available. cubic yards of gravel monthly. Twenty men are employed.

The company is reported to be clusive) Rehabilitation of the historic Campo Seco copper mines of the Penn Mining Company is proceeding, preparatory to large-scale operations. Ranking among the oldest and most prolific red-metal yielders.of Cal One of the largest of these was district, fifty miles from Winne-mucca. The strike was made by C. L. Fain, veteran prospector.

Con recently placed in operation here. earning good profits, with suffi cient ground available for several years of steady production. and silver has been reported by Joe Carpenter, G. W. Jones and Virgil Smith, who operate the property.

Drifts have been extended on the vein from a short winze sunk from the new tunnel, and cross-cutting Is proceeding to determine the extent of the ore zone. A narrow seam assaying up to trol of the discovery claims has been acquired by Mrs. Vivienne ifornia, the properties are un It is owned by a large group of farmers of this section and is run on co-operative basis. The plant cost $50,000 and has a daily Miss Mary E. Smith is president der lease to Samuel W.

Pike and associates for $9000, More than 100 locations have and general manager. Hydraulic mining is in full capacity of 500 barrels of crude Located at Campo Seco, a fa oil which is supplied from new been filed, and prospecting has begun at numerous points. Officers of the Wolverine Gas Virgin Ground Yields Rich Ore in Austin Mine AUSTIN (Nev.) May 23. (Exclusive) Austin Silver Mining Company reports excellent gold-silver ore has been uncovered on the 300-foot level of its Jack Pot mine. A shear zone five to six feet wide shows, with the ore averaging over $6 gold and twenty-two ounces silver per ton.

The strike was made In virgin ground paralleling and fifty feet from the main Jack Pot vein. Drifting has begun, and a crosscut will be driven to explore adjoining territory. Ore carrying free-milling gold is under development in the Buckeye mine in Kingston Canyon, operated under bond and lease by Steve Llnka. The property is equipped with an arrastre, compressor and a small stamp, mill. Considerable profitable ore has been mined recently and conditions are considered favorable for steady production.

The mine is near the Victorine, controlled by Colorado mining blast in the sections centering around Dedrick, Union City, Weaverville and other historic oil fields that have been opened in this territory during the last mill superintendent. several months. mous camp some sixty years ago, the group includes the Campo Seco, Hecla, Satelite and other copper properties, and the Reveal gold placer and other holdings. Old workings are credited with containing extensive depos points. Fifteen to twenty companies are active, with ample The gasoline is used primarily Company, a Michigan corpora-1 tion, have taken an option on three claims in the Awakening district.

Driving of an 800-foot water available in most fields for an unusually long season. by the farmers for their own automobiles, tractors and other farm machinery. It is reported that practically all of the farmer-owned refineries in Texas have its of commercial ore, with an tunnel is projected, to be fol lowed by comprehensive devel opmcnt of the property. Ore car $104 per ton has been uncovered. The rich shoot of gold ore found lately in the Black Jack mine, eight miles south of Jungo, is reported to be displaying consistent strength and value as depth is gained.

Mining has passed the sixty-foot point in the shaft. Arrangements are being made to install a compressor and hoist to sink deeper. extensive virgin area available Reopens Bear Top MURRAY (Idaho) May 23. (Exclusive) Besides continuing to operate the Merger silver mine in the Coeur d'Alenes silver belt, the Merger Mining Company will reopen the Bear Top Mine near here, in the near future, says Morris Pearson, manager. for future development.

rying promising values is said proved profitable. Mary Ann Ships Fifty Tons Daily ELY (Nev.) May 23. (Exclusive) Fifty tons of gold ore are being shipped daily from the Mary Ann mine near Cherry Creek. Recent work has exposed substantial ore bodies. The property is operated by Osterlung and Tall, who have leased the adjacent Teapot property, owned by Gov.

Blood of Utah and associates. It has been developed by an 1100-foot incline shaft. Consolidated Coppermines Corporation has increased production to approximately 3000 tons of ore daily, the product going to McGill smelter of Nevada Consolidated Copper Company. More than three hundred men are employed. Development of the new ground is proceeding, and the management is considering plans to increase the output Removing Water From Old Mine to be exposed near surface.

St. John Gold ill for Nevada NEVADA CITY, May 23. (Exclusive) Dewatering of the Deepens Shaft Yellow Diamond mine has been completed, and work resumed MAYER (Ariz.) May 23. (Ex- on a promising vein. The main Opens Bonanza Ore VIRGINIA CITY (Mont.) May 23.

(Exclusive) Ore that aver-'ages three ounces of gold. to the ton has been opened at the Marietta Mine here, W. S. Norman of Spokane, president, reported today; The company is sinking a winze from the 400-foot level and is down over forty feet in ore all the way, he said. elusive) An incline shaft is now ore shoot has been explored for Boom in Steel Industry Reviving Dolomite Mines down 220 feet on a forty-inch vein at the St.

John Gold and 200 feet and is to be vigorously developed. Good values are re Copper Company's property on ported to be showing. The property is owned by Otto Turkey Creek, twelve miles south of Mayer. The vein carries good milling fine dolomite is obtainable in Gruenwoid, Chicago capitalist. The Gold Zone Mining Com Gold Operating Near Goldpoinf GOLDFIELD (Nev.) May 23.

(Exclusive) The Nevada Gold Company has completed and placed in operation the mill at its holdings near Goldpoint. Equipped with amalgamating plates, concentrators and corduroy tables, the plant is designed to handle fifty tons daily. A cyanide unit Is to be Installed later for treatment of tailings. Substantial ore reserves are said to be available. Water is delivered to the property through an eleven-mile pipe line.

The Diamondfleld Daisy mine values in gold and some is of shipping grade, according to Manager John Slak. His plan is to continue to the 250-foot and Texas Cuts June Oil Output to Mines Bureau Figures drift both ways. pany has filed suit against the Chollar Extension to recover $2269, asserted by plaintiff to be due. Both companies operate leases on the Giant King mine near Washington. Ore produced by Chollar Extension is being treated at the Queen Lll mill The vein dips to the east at a The safety of your account in this institution is fully insured up to 5000 by the Federal Savings 8C Loan Insurance Corporation 40 dcg.

angle and there has been some slight faulting, but no difficulty has been experienced in the district. The quarry Is only 100 yards, from the bunkers. The dolo-j mite Is filtered through a screen in a rough bunker, crushed and: sent through a chute to the finished bunker which again screens the product. The dust from the dolomite; is filtered oft and used in high-j way construction, while the bal- ance of the product 13 sent to steel mills. Dolomite Is used principally asi a steel purifier and strengthen-l er.

It Is found In San Benito! county and certain sections of; Nevada. i by the Bureau of Mines. near Nevada City. following the ore. Mr.

Thompson pointed out that sources of information concern Blue Quortx Ore IIOLLISTER, May 23. (Exclusive) Steady demand for steel has revived the dolomite mining industry in San Benito county after more than a decade of inactivity. Approximately $35,000 has been spent to remodel the. bunkers and buy necessary equipment for reopening the dolomite mines in the Cicnega district quarry according to Archie Hamilton, superintendent. Flelshhacker Interests of San Francisco are said to be financing operations, and long-term contracts from leading steel corporations are believed to assure success of the enterprise.

Hamilton says that dally capacity at the Cienega mines is expected to be as high as 100 tons, and that a visible supply of more, than 2,000,000 tons of ing various factors that entered into the demand for Texas crude was added to Goldfield's list of Test Huge Low Grade Deposit GEORGETOWN, May 16. (Ex DOWNIEVILLE, May 23. (Ex were available to the commis sion which were not taken into consideration by the Bureau of elusive) Sampling of a large producers last week when the Meisner lease shipped a carload of ore to the Garfield smelter. Several shipments will follow if returns from the initial consign low-grade porphyry deposit by Mines in making its monthly use. of a power scraper is under estimates.

ment prove as satisfactory as clusive) Discovery of ore in the Yuba Contact mine, near Jones Bar, resembling that found on the Comstock Lode of Nevada is reported by Earl Woodruff, operating the property. The vein Is seven feet wide, carries gold, silver, and copper and consists of blue quartz, a striking exception to the whitish ledges mined in this section. anticipated. While the commission's cut of approximately 6 0,000 barrels dally in the Texas allowable from the total production as of AUSTIN (Tex.) May 23. (Exclusive) In its recent adoption of the United States Bureau of Mines recommendation that the Texas crude oil production allowable, effective June 1, be set at 1,330,202 barrels daily, the Railroad Commission apparently adopted a new policy in regard to the recognition of this government statistical agency.

Heretofore, since the proration law was passed in Texas, the commission has consistently ignored the monthly market demand estimates of the Bureau of Mines, and recently Ernest O. Thompson, a member of the commission and its former chairman, made a public statement in which he asserted that the commission's organization enabled it to obtain more accurate data as to the market demand for Tex- crud than could be done vv yv WANTED RETAIL SECURITIES i ORGANIZATION of not 1cm thin 15 mm to act ti key dcalirr on the Pacific Cot for in in- See Good Sign May 1, was declared to be drastic, but necessary, by Chairman WALLACE (Idaho) May 23. vrttmrnt trust with unuiuilly ituac-l C. V. Terrell, it was indicated way at the Greenwood quartz mine, at Greenwood.

Operations are carried on from an open cut the hill which rises 300 feet above the mill and seems to carry some values over the entire area. Gold-bearing material scooped from the cut is sent to a standard ball mill and recovery accomplished by two centrifugal bowls. Operations are on a one-shift basis with the plant handling Ixty.flve tons of porphyry dally. that unprecedented drilling activ (Exclusive) Appearance or lime formation at 1000 feet in the new 2wn.w rrnssrut which is being Cwrttnl inltrtti atf th nt 4 it new ktimg pmi4 SOUTHERN CALIFORNIA IUILDING AND LOAN ASSOCIATION Ow 4 Yar tmtmt 5Mfrty Fifth St. MI 7771 Lou Angrtr, CaliC ities will result in completing enough wells during the next thirty days to automatically more live feature.

Keplitl f.H fa ilfirl i-Wr. Dreartmtnt IT I Albert Frjk-Cnthr Liw. Inc. AOVIHTHMNO 131 C.dir St. Ntw York, N.

Y. Tkto arfirrtia'BMit It Uutrinl ai a driven in the Minnie Moore Mine MISSION CORPORATION TIM 9or4 XMracttri rial daalarad miclil Mdn4 of II. hi tbr a th nnimon upltal aiork Jnt It. ID? ttkhMr ef rr4 th bualMM Aim 1. Ittf.

CSAftLM r. KRCQ, Jr. SMratarr has stirred great interest among minora nnH mnnacers who think THE MINERALOGIST In Ha Xtk rut uttlcttlon. I rM- inliti ih Utdlitf ml-trhnlnl mlnrrtlntlral maiailnt Amrrlr. E4- Itrd lor tht nlntrslatlat.

tnllai. Irrtar and trm aloft tntur. lunar Monthly. JI.imj Wdar fur -ar aubarrlptlan. TMR M1r At OOIST WW Crt.

lot-t t'auch Bld. rarlland. Orttaa than absorb this daily curtailment New wells are that the old vein which yielded niititUi'l dwaxi a Hi hi tn aoiulrMd aar rrfrtMauti being completed at the rate of $7,000,000 before it was jost in a fault will again be picked up. more than 400 per month..