The Salt Lake Tribune from Salt Lake City, Utah • 29

'August 24 1941 11 Eunday Morning irbe Snit gait Ttribune II1 Control riOrih Copper -MadOt -I 0 1 Utah Has -Part "i Combined Metals Reduction Completes Big Ore Plant Near Pioche MI woo r4o Ks OA 4 4A-- 1 govemptem! ofirw- e41114 A "6 ft 41011 Arl itfrlk '4-1P 1 q-7-4-- 104 4a: tgret i 4 4: s' 7t: P' 4 04 i P'1' '-'S 1 4 4 '1 4 A i 4 ilk l's :9 '-e' 4 0 -y -04 4 4 --''-nit AI Gets Blame for Shortages Consumers-Must Turn Titere For Satisfaction NEW YORK Aug 23 circles Saturday reported their market- working smoothly Of Eliormous Phosphate Area A valuable reserve of phosphate rock and enormous quantities 44 limestone and quartzite are know to exiat in the Randolph quack rangle but owing to the remotai noes of this area in northeastern Utah and southwestern Wyoming these resources are not being de veloped at present according to recent report by G- Richardson of the geological survey Lead and copper bccur locally In the 892-square-mile region but have not been found in commercial quantity according to the report of the resources in the area only water is being utilized at present Phosphate rock was formerly mined in a small way "Enormous deposits of phosphate ma occurring chiefly in the Phos7- phoria formation in Idaho Mon tana Wyoming and Utah cortatituts one of the great reserves ot phosphorus In the world" the rev port stated to the cost of transportation however the present outpOt of phosphate rock in the Rocky Mountain region to less than 2 per cent ol the total production of the United States the great bulk of which comes' from Tennessee ancl Florida Since 19201 production of phos" phate rock Utah has not boost reported (r5 3 d) Mine Leaders' Seek T4x Bill Changes Measure Unfair To Producers In Present Form By the Shift Boss During the past week the tax experts and other memberi of thrs American Mining Congress testi fled before the senate finance ctn mine in the hope of obtaining extremely important changes in Hut revenue act of 1941 as passed by the house' of representatives The committee is expected to eon alder the proposd etwites in exec utive session during the week of August 24 to 30 Unfortunately Ahem exists an impression among members of eongress that corporate taxpayers are not seriously concerned with the substance of the billiAs a matter of fact with the bill as it stands- few if any mining corporations would escape its serious consequences Certain features of th bin would have a very far-riarbing effect upon the pcoduction of metals for defense Hopeful that widespread protest against the Morgenthau proposal -to eliminate percentage depletion for all producers of natural ye Sources would prevent Its Incluelon in the senate changes repro tentative of omitting fully cognizant of the feet that many more changes should be made in the bill ronfined themselves Mille changes' most vital to the mining industry 1C211 40 en lir rr ye11Pt 4" 99004'4 -4--- 1 7 -0- op sk 77 1 ---)2 -1 sip- 9a' 4 Im -4 i 4 A -lossor il 1 toll 1 "P10t 4 fit t''' 209 9 499 91 I it 4 1 '4 44-- 'I 0P ev 1 1 -----4 4 4 t- 1 i i' I I' vt 4 1 Al -----4 117 i' Att' 14 4 a ow ---''-'''K' a '4 1 1 4 444r 1 1 N4 0 4 de 4 4 4 4t I 01 it 10-- 1 a 4 lo' rd 0 -)A s' t7 A i A tg a t' 1 01 4 1 I 4 4' a w4t14' "2 1' '44 I 4 ''S a 4 A le 'a'''' '-0'" --1 71' 1 -----1 I 4 dood'-- A I 1 A I 1 I Calumet Mine under complete pilority control after a week of adjustment These aources 'said producers felt that under priorities the office of production management bore the responsibility when defense customers failed to get the xnetelthey wanted Early in the week it became apparent that August copper was fully allocated leaving some certified consumers short Metals Reserve corporation was reported to have released some tonnage- Copper scrap price ceilings Worried some custom smelters who were afraid their supplies might dwindle Other than that the price picture was unchanged with domestic copper at 12 cents a pound and some export business at 11 cents 1 New York Lead and zinc prices more or less fixed by federal order were unchanged Prime western zinc was 725 cents a pound at East St Louis Lead was 585 to 500 tents a pound New York and 570 tents St Louis July lead statistics placed stocks at the end of the month at under 20000 tons lowest since the defense program started DotriePtiC shipments for July were 54067 tons the American bureau cif metal atatistits reported The trade estimated another 22000 ions went to consumers mostly from Metali Reserve corporation stock pile' Demand for lead continued to- outrun supply In steel a pinch also was felt Railroads with an "A-3" priority rating for freight car and locomotive material complained they weren't getting enough for rolling stock or for' rails Scrap again was the key to the steel situation Prices of lower grades advanced despite warnings from the office of- price adininistration No relief Was hi sight -t 404 Makes' Gain In Ore Output 4 -41P- 4 11 43 4 opmommolfwrstit plant with OfeStlit rapacity of SOO tons et ore a day(4) Prince power substation and warehottses andinachine shops At right arrow points toward Cestleten shaft which with Prince mine will supply the Read to open a new ern In mining for the Pioche (Nev) district is this $6001000 selective flotation plant built by Combined Metals Reduction company to treat complex zinc-lead ores The layoit includes (1) crushi ing'plant with 120-ton hourly capacity (2) thickeners (3) flotation 1 mill with ore Southern Idaho Has Prou Record of Gold Output 1 IA Idaho Nevada Lift roduction of Zinc 4 $600000 Mill Means New Life for Area The Combined Metals Rodue4' ton companY's Calumet mine in' the Valley district of Tooelecounty is producing around 4006 tons of zinc-lead mill ore a monthi and if this rate IS maintained to the end of the year 1941 produc" tion should be considerably higher than the 1940 output of 46255 tons and 1939 32738 tons About 100 men are empleyed in the mine which is one of the old- est steady producers in the state Portal of the mine is at Bauer where Combined Metals Reduction is running Ito flotation mill 24 hours a day at a rate tar above normal capacity The plant is treating about 25000 tons of complex sine-lead ore a month from: the Pioche district of Nevada the Warm Springs distrkt nea Rai-- ley Idaho -and from variou Utah- properties including the Ca met tu WASIIINOTON the of the fully (level-mines irCcreased their oulgiut of oPe4 and equipped mine and mill at Thee was a slight fall: zinc Jn Oune per cent over lng oft in July compared with that In May but preliminary esti- unk mates for July indicate production Pcoduction in the Tri-State relit that month would decline slight- gion (Kansas Oklahoma and Ills op ed and equipped mine and mill at GiiMAn Thit was slight fall: ing off in July compared with June Production in the Tri-Stato region (Kansas Oklahoma and $18500000: Pleres Hy 141- 0X000 Newsome $2000000 81000000 and Warren $18000000 New low cost methods Ind skillful management may again bring gold mining toll fortin Idaho the bureau predicted Many low grade deposits rem-aln In tho area whleh could tut worked IL coals were not BOISE Idaho compiled by the Idaho buritaii of and geology showed Saturday more than $123000000 In gold has been produced in southwestern and central Idaho counties since the Civil war of the 'total about $50000000 was taken from lode and placer mines in the Boise basin Produo? tion figures in other-areas were Florence $22000000 Elk City 's Coast-Men Acquire Missouri) Increased Only slightly In June over May and a very small advance was Indicated for July western states passed the central' states in combined output Utah Nevada and Idaho had a combined output of 11315 tons of recoverable zinc from mine production in June and on estimated output of 11710 tons in July The western states produced 24005 tons in June against 23077 from cen tral states and the estimated July Output for the west was 23400 tons against 23069 tons from the centrat states Mine Official See? Pioche Boom Ahead Murphy state Mine inspelior visited eastern Nevada this week lie stated that mining in inereasing in Nevada With increased activity particularly being noticeable around Winnern He visitedlhe mines at Ruth and Nimberly the smelter anti mill it McGill and the Combined Metals plant anti Bristol Silver mine at Pinch Be stated that Pioche was rine of the most promising districts in the state ly from Ithe Juno total according to the bufeau of mines Produrtion In June amounted to 62916 tons Of recoverable zinc as compared' with 60703 tons in May Productien for the first six months this year wos 350300 tons Estimated Jttly output was 63200 tons Produdion Increases were shown In July over Juno In the IdahoNevada-Utah region and in Montana but there were small creases for Arizona New Mexico and Washingttn Colorado showed an appreciable Increase In June over May due to Pile Tungsten At Little May Big Mica Deposit WELLS Nev what said to be the largest 41Pposit 011:1 mica in Nevada Ind on of thel largest in the United States claims recently wore takeh overil under lease and option by Culver of Reno Dr Carroll and Brown of Berkeley Cal Wal- ter Young of Wells la the owner Operations scheditled to start soon it wassaid with ing operations to he carried on on a mechanical basis from stirface pits nd at a 50ton mill to erected se Idahoans Improve Mine JUNCO Ilumboldt County Nev Idavada Die hided by Ashton Idaho men is installing more equipment at Its mini 20 miles north of -Withths' new machinery the company to raisa Its rat of production The initial plpment of ore to a Utah smelter nettod $34 a tort It was reported In Charge of oPoralions ateho min which started as a hobby vskntura with tho Idahoan Is Thomaa Metz of Asht PIOCHE Nev--After several days of test runs the new $600000 selective flotation plant built by Combined Metals Reduction cornpany to treat the complex zinc-lead ores of the Pioche district was being readied Saturday to begin treating ore next week Several officials of the company from Salt Lake City headquarters were at the plant seven miles from Pioche getting things lined up for start of continuous opera-tied Mining has been resumed at the Prince mine about four miles from the mill This mine and the Combined Metals Reduction's Case lton mine at the rol11 site will supply ore to the big iplant The Combined Metals Reduction mine will produce about 8500 tons a month and the Prince about 4500 Some custom ore probably will be bought The new plant will enable the company which in a subsidiary of National Lead company to mine large tonnages of ores which formerly were too low grade to mine and ship under present conditions The mill which wa I little mere than one year In construction was modeled upon the zinc-lead mill at Bauer Utah also operated by Combined Metala Reduction compahy It is estimated that the plant will add 10 year Co the life of the Pioche mining district About 450 men will be employed in the mines and mill The plant was built under the direction of It Snyder of Salt 'Lake City vice president and general manager of Combined Metals Reduction Prevision Atteiked Particularly Important a the elimination of Xceso profits tax on income from mine' xcept to that portion of intorno which is above normal per unit -of produe It is obviously unfair for the government urging -knell to in crease production tn meet acute metal shortages to Ow end that mines thus exhaust their capital assets at an accekrated rate to demand excess profits tax on a normal profit per unit produced Reasonable and fair is the re for retention of 'the 1940 provision for deductiors of Income tax before the excess profits tax because no excess profit can exist until the income tax has been deducted As It stands the bill eliminates the 1940! provision covering this item Likewise the proposed 10 per cent even profits for corporations electing In vested capital basis of return should -be eliminated Sittee it le in effect an automatic 10 per cent excess profits tax on what is really normal incomes pi The provision for bas4i period for income credit should be thailaet totak into account the abnormal conditions existing In mining duet ifig the years 19381931 a period In which not more than'two years could be called reasonably representative of normal earningv The mining Industry asks that the base be designated as the average of in come for any two of the years indicated and that full allowance not 95 per rent of the average be PerMitted Seek Other Changes Kin tax expects -object to the provision for recomputing unused excess profits credit of any one year and silk for a fiveyear carry forward instead of two inoddition to a carry backward provision be cause of the great fluctuations In the fortune of the Industry In the interest of general relief Icir unusual circumstances the senate committee -was requested to make provision for adjustments te Invested capital as well as income': to take into considerationthe sit-tuition confronting newlyformed mining corporations which have no basic history and to Include low selltng price and low volume of sales as specific grounds for-adjustmet instead of excluding these Rem as in the house version of the bill Consideration of the effect of the bill upon all corporations makes plain how4vital such changes are to mining: Likewise even easual study of the bill In its present form makes it difficult to understand how members of congress have gained the Impression that torpora- tions--of any Periously concerned over the provisions of the 1941 tax bill Plant Is Proposed Silver Shield to Supply Navy The Sitifer Shield Mining Ing comPanYt Hooper building has secured navy contract to deliver tona dead-burned magnesite to the Ilremorton Wa1h4 navy yards within' 90 days according to Harry S4oseph president and general manager The company will minsr the magnesite from its Property at Fish Spribtsln Juab county While It has not decided where to calcink the magmsite the company is con siderint taing kilns at Grantsvitle The navy probably will use the materialjor refractory purposes To Use Gypsum LAS N'EaAS Nev Xing manager of the Blue Diamond gypsum mine southwest of here has announced the signing of a contract for construction of a plant designed pr the manufar Lilo of gypsum products Cost of the plant was estimated St approstmately $7000011 Crude materials were formerly shipped from the mine In coast plants for manufacture into wall board plaster and other-forms of building material for which gypsum products are used Big -Company Optiont Deposits of Talc Attract Intert GOLDFIELD QI1 creased interest due to the present' war Industries has been shown 1m the talc deposits south of here Sale of their properties byl and Al Lembke steady operatori In the district Is reported to have: netted them $20000 The purchas: ing concern plans an Immediate development campaign on the ground The Little May Mining company 38 West First South street has about 40 tons of hand-sorted ircheelite (tungsten ore) piled at ihe company's Milford Lilly prop-oft)' in Beaver county according to Nicholas Crawford consulting engineer Drifts run to explore the 'thee-tile bed have expomed an area 45 feet one 'way and 28 feet the Other with ore showing in both (aces he said A pit was dug on a I issure of high grade ore to a depth of 13 feet This work produced now piled for shipment Crawford estimated the ore dc Posit on the property would 15 per centstungstic acid and Could be mined in quantity to that average- lie further stated the ores would have to be concentrated to average not less than 20 per cent to be marketable Sinking of numerous pits anti trenches has outlined an area 200 by GOO feet of tungsten-bearing ground with an average thickness of over six feet he reported To continue development work and to pay current expenses the eompany'e directors have levied enassessment of cent per share to be delinquent September 18 Sale date is October 14 Atial ro Bay Holders Stock LAIL VEGAS Nev--Stock in Ely Gold and Manganese corn-- pany pIad in escrow when Able rOmpen vas organised for the benefit litoeitholdere Inthe de- Junet yo Bay Copper 'tom- piny yWiti released this week and distrThuted to Moro Bay stockholders Over 10000 shares of Ely Gold and Manganese Were sent out to some 550 Moro Bay invelhors" Ogden Chase preSident of Ely Gold and Manganese company stated he felt many of the Moro Bay stockholder" had invested In Moro Bay beettise of biti connection with the Company and for that reasan he wanted to take care of them with In the new company Ely Gold and Mangaie'se company operates the old Cuba gold mine in the outskirts ot Ely Mercury ercury Ground LOVELOCK Nev LJP) gm mit King Mines Ltd a subsidiary of Bray tome large British Co Wmblot mining firm has taken sal' optiah on the Basil Prescott quicksilver properties mit of here reports state These properties are former large producers of are located in what Is said to be the richest quicksilver district In the United States AlthoughterMs of the option were not divulgedlit Is said that the new operetors have taken a 20-year lease on the holdings 4 Colorado Slide Kills Vanadium Miner Ships to Utah ELY A Mining company has started shipping silver-lead or from the Lone Pine end Columbia properties on Muncie Creek to the smelter at Mur ray Utah The new company of which Arthur Rickbiel Klamath Falls Ore is -president plans to ill-Ptill considerable new Little Jitplier Ships WINNEMIICCA TJttie Jupiter mine 20 miles south of WInnemucca has started shipping to the: Adelaide-Crown custom mink eolith of Golconda Mr end Mrsltay West of Winnemucca own the old-silver mine Bill Emmett of WintleMUCed is leasing the ground Placer Area teased 1 LOVELOCK Hey (P) Sullivan has taken a lease on two sections of the extensive holdings: of the Sawtooth Placer syndicate: About 60 miles north of here was reported that one of the proi visions of the UMW- thatiSulIV Vsitn ApstAll a dredge capable oU treating 5000 yards of Colo AUX 23 Simms about 60 was killed almost Instantly Saturday when he was caught in a slide from a crumbling ledge at a A Vanadium corporation mine on Sine creek Simms' skull was frocturod He And A son had leased tho mine for production of vanadium ore Free Increases Shipments' From Apex in Pioche Lease National Mine RENO Nev Ilawkina and an associate have taken a lama and option en thot National mine in northern Humboldt county according to roporta National was discovered about 1910 and produced told and liver running from $40 to $60 a poun4 a ErEll Mercury Study Set ItENO Nov tAl Invextigation of all better known quicksilver anti antimony propertlea in Nevado will be made moon by the United States bureau of mines according to Metzgetythe bureau's ngineer in this area Con Coppermines Net Profit Soars ELY Nov of tba CoPPrmlbea corpor ation during Oa first six months of 1941 were six timea tha amount earned by the company in a similar period of 1940 Total earnings up to Jun 30 of thia year were $I- 04023547 compared to 91592494S from January 1 to Juno 30 1940 At the company's min nina' miles west of here 9000 tors of ore a day are being hoisted trom the firms main oprrating abaft Via Emma Nevada 4r ::774 1 1 1 0 I 4 i-' 1 tNrairlar 1 i '''') 1 i 1 It 1 i i 1 A 1 1' i I i i 4 l'''' i PIOCHE Nov Shipments by A Free from the Apex mine In the heart of the Pioch mining district exceeded 2000 tons of ore during the int half of 1941 and netted between $1000 and $5000 a car at a Salt Lake smelter Nearly third more ore wu shipped during the first half of 1941 as Was- shipped during ail of the two previoits years The 'Shipments for 1939 netted 1731 tons of gold silver and lead or and the for 1940 was 1364 tons rof Similar ore When On Pee this sgn )on know there are Mani ahead Inerealke Planned WINNEMUCCA The Sharniel Mining company plans to Increase its Leonard Creek placer operation to 750 yards of gravel a day from the present 500 according to an announcement by Sharp prealdent pakiand Cal --building you good roads' at nsini Ore Shipments Bingham commo4 mmot hoolisellort 1120 Inn: lantolting Rennin and Mining 8581: Utah Cogger 9114 8344ta tat dally erase Tintie Aliva 33 uloadit: Tiritte htandertt 28 Chief Conanillated (dump ore 30 emr ennortildatel 30: Mier tannanittlatatil I limo) 1: 'Iron atinasom MIL grnoltint hartiolng mitt Sawing it: Ptiretta nlitiataft Cniormelo Conooltdatott 3: Mammoth 3: Nnrth 111y 1 Mountain View 1: Utah Tiro Clay lathes) Park City Plivr King Cna ifytt roneontratoo 4113 tone: Park Utah Conortlitiatod IASI New 7403: Park City Conanlidated 873 Perk City Utah 183 Pioche Nev 4 romiblno4 Metals Reduction ILOS lona: Sriat tivars 144 I I mum cost saving taxpayers money 0 TRACTQIU and 23 0 EQU11111INIT Co BALT LAI CITY et ICaterptilar" Mewl Trarh-Type Real hintkinr7 cost A so a 007111101611 Or3 AI 64! I'llh this sliall outfit A Ikroo produrod 2000 tons 01 ore from tho Apes litilla In the first hill 02 1911 3 1 1 4 4 2- 4 4 411 4 4 it-it i 4 t'os41 'dewier Ship Tony Jaeohnen Lot leouting at the Flagataft mine of Waxoteh Mine company in Littte Cottonwood canyon With a erew for Vivo or mix men he haa made two carload shipment of gokt after nd lead ore running around $43 a ton In year past millions of dollars Wflt taken from the mines adjoining tho Apex where diamond drill-Ant is being done at tho present time by American Metal company Mine at Rota 11 A shipment of or from the Columbus Resin mine tn Little Cottonwood canyon by Jams Gilbort and William- Smith leasers was made this seize Distributer Ltd 41 -P 1- I I 1 IL 3 3 I IP i i I a i I I 4 1 ofilhAlk.