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Mining Division Created
By SEC Mining Engineer To Pass On Stock Issues that KxcliaiiRe Commission, has announced The Securities and Mining Unit, in charge of a mining engineer, lias been set up within its registration Division to examine mining registration statements and insofar as technical mining data arc concerned. prospectuses mining® - The unit followed a recent conference between representatives of the Am erican Mining Congress and mem bers of the Commission staff to discuss suggestions handling registration statement and for mining issues, attending the confer its and for A- propectus s inong those ence were: Representative Compton 1 White of Idaho; Samuel H. Dol- the American Chairman of bear. (Mining Congress Committee on Co operation with the S. E. ('.; How ard I Young, President, and A. W. Washington representa Dickenson. live of the American Mining Con gress; Commissioner George C. Mathews;. Baldwin B Bane, Direc the Registration Division, tor of and several members of the Com mission's staff. The Commission has sent letters to members of Congress and others interested in the matter advising them of the action that has been taken The letters state in part: "The Commission has given very careful consideration to this prob lem and as a result has set up with in the Registration Division a Min ing Unit, headed by an experienced will examine mining statements and prospectus es insofar as the technical data statements and concerned. Such prospectuses will, however, be ex amined by other members ot the staff who are familiar with the creation and marketing of all types of securities, both raining and non mining, in connection with the var ious other factors common to all securities, such as capitalisation, underwriting, method of distribu tion, and the like. We believe that this arrangement will in the main meet the suggestions advanced the American Mining Congress and at the same time permit the unifor mity of treatment which is essential to an administration consistent with the purpose of the Securities Act. In addition, I may say that the Commission hopes within short time to complete the revision of certain of its forms and régula tions, including those affecting the smalier mining issues. The objec live is to promote as much simpli-j fication of procedure in this class of cases as is possible, consistent with the public interest.'' _ Handling about 5,000 yards of gravel per dav, the new placer out-1 of Boise, SILVER CREEK PLACER WORKS WITHOUT DELAY fit of Ralph Davis. Inc. Idaho. Is working without interrup tion on Silver Creek, five miles be low Marysville. This is not the Ralph Davis, Inc., concern that is operating on Grasshopper Creek, the latter coming from New York City. _, i , , , The Silver creek plant consists of a stacker-scow, fed by a four yar . d u WaIh ' n& u M °. Ua /«A. dra / lin - and l ha ü d,es ab 1 out 5 '°?° >' arda of overburden and grave per day, feeding bedrock material to a wash er designed by Ralph Dayls. presi dent of the company. It was put in operation on April 22 and has op erated perfectly rora the first, running continuously without alter ation which is unusual in placer operations. PIPE LINE DIVORCEMENT The Senate Committee on Ju diciary has appointed Senators Wil liam Ê. Borah of Idaho, Edward R. Burke of Nebraska and Carl A, Hatch of New Mexico, a subcom mittee to consider the hill by Sen ators Borah and Gillette, providing for the divorcement of pipe lines. Senator Borah's office states that hearings on this measure will not be held until after the conclusion of hearings on the Neutrality bill. SILVER MINE REOPENS PARK CITY, Utah.—More than 150 of Park City's idle miners returned to work when the Park Utah Consolidated operations after more than a year. "The company decided to resume operations be cause of reports from Washington which indicate something will be done for silver." O. N. Friendly, vice president said. mines resumed a shutdown of ■il'ilINIülllliK I Western Iron Works ■ ■ (Incorporated) 1400 East Second Streel Phone 2-3966 BUTTE, MONTANA « We Carry Stocks of STEEL AND CAST IRON GRINDING BALLS Sise 2-inch by 4-inch AMERICAN STEEL SPLIT PULLEYS COLO ROLLED SHAFTING SHEET STEEL STRUCTURAL STEEL SHAPES | MINE LISTING TO ATTRACT CAPITAL TO WEST STATES Simultaneously with the issuance of a new edition of the "Mining Manual'' by the Metals and Min erals Research Bureau of San Francisco,an announcement is made of the establishment of a Property Department. To the many activities now per formed on behalf of the Mining In dustry by the Metals and Minerais Research Bureau will be added this new Central Listing Service for the purpose of bringing into close con tact the numerous owners and op- j orators with those over the Nation | having the required financial ca pacity to properly develop worth while properties. The Bureau will not act as brokers or change commissions on transactions that are consumated. This service will be confined entire ly to the listing of properties and is among those over the Nation inter ested to acquire or finance the de velopment of mines. Owners are urged to communi cate direct with the Metals and Minerals Research Bureau In San Francisco, or the Secretary of their local Chamber of Commerce, who are cooperating In bringing the benefits of this service to their sev eral communities. by Under the name of the Martin a Mining company. Carl Martin and Associates of Butte, are construc ting a small cyanide plant on the Eck ranch near Silver City to re treat a deposit of the original Drumlummon amalgamation tailings | that were washed down from the f old Drumlummon mill nearly 50 MARTIN BUILDS 100 TON MILL TO TREAT TAILINGS years ago. The Eck tailings com prise one of the largest remaining deposits of untreated amalgama it ion tailings in the State. Carl Mar tin, who was formerly mill super j intendent for the American Zinc, Lead, and Smelting company at j Metaline Falls. Washington, is j well known in Montana mining cir r,es v He ha* «pent the past several bionths sampling and testing the I K(k and expects to have modern 100 ton counter current , , . f '. v anide plant m operation early in July. CONOCO ORDERED TO BARGAIN WASHINGTON—Continental Oil Co. has been ordered by National La))or Relations Board to bargain with 011 Workers international Un ? ion (C. I. O. Affiliate) as sole col lective bargaining agency for Its employes at Big Muddy Fields, Par kerton> w and Glenrock> Wy Refinery. Board also ordered aii election among Salt Cree k Field employers of Conoco, and ordered it t0 hargain wIth OI , Worker8 Un ion , f , t l9 811C cessful in election, A]s0 n ordere d disestablishment of Independent Ass'n. of Conoco Glen rock Refinery employes. I NORRIS MINES ACTIVE NORRIS.—Mining Is in a pros perous condition In this district. Among the more active properties are the Revenue mine, employing 40 men. P. V. Jackson, manager; the B. & A. mine, employing 30 men, P Tiass, manager; the Grub stake property, employing 20 men, Wm. Selley, manager; and the Bil ly Boy mine, employing 12 men, C. | Miller, manager. There are also j two dredges at work, employing about 40 men. MICHIGAN'S NEW OIL LAW The Governor of Michigan has signed the new oil conservation law which becomes effective imme -1 diately. Illinois and California are j still considering conservation pro- ; grams which are before their leg- j islatures. a md [ iy A PUSVIS H ESTABLISHED 19 >1 DAKOTA HAS DIG DEPOSITS MANGANESE YANKTON. S. D.—The almost inexhaustible supply of metallc manganese is one of the most promising resources in South Da- 1 kota for future promotion and de- j veiopinent. a paper prepared by | Governor Harlan Bushfield and j read before the Missouri River Im provement association here Friday l The report was presented by H. Everson, secretary of agrlcul who represented the chief Man said fnre, executive at the meeting, ganese is essential for steel pro duction. Transportation either by water rail or truck is available without any expensive right of way de velopment, it said, area of the state's vast manganese deposits tributary to Chamberlain and Oacoma has the advantage of lying practically on the banks of the Missouri river. The central Surveys have revealed that the deposits extend from the southern boundaries of Hyde, Hughes and Stanley counties to the northern boundaries of Charles Mix, Greg ory and Tripp counties. It covers about 15 miles back on both sides of the river. The report cited a department of interior bulletin which estimated the deposits in nine iyman coun ties alone contained about 1*02,177, 000 long tons or enough to supply the United States for 100 years. DRUMLUMMON RE ELECTS ITS BOARD TRUSTEES Annual meeting of stockholders] of St. Louis Drumlummon Mines, Inc., held at Marysville on Wed nesday resulted in the election of the following nine trustees: Charles J, Wendlang, Eugene D. j Connor, G. O. Gruenwald, Charles J B. Norris, Henry Sarlorius, Walter j H. Humbecher, William T. Jones, John J. Finlay and O. B. Suck. L, | S. Ropes acted as chairman and ; George Jackson as secretary of the meeting at which 67 per cent of the shares were represented. Out standing stocks totals 748.080 of which 528,777 were represented ini person or by proxy. O. B. Suck is president and George Gruenwald is secretary treasurer. The company owns th 9 ' famous Drumlummon properties | near Marysville. It was announced! by Mr. Ropes, mining engineer, that reports that part of the Drumlummon tailings were to be handled with placer equipment is in error. The report was printed) in the Journal in connection with reports ot placer operations by Ralph Davis of Spokane. Mr. Ropes was a visitor in Great Falls this week. week his car- caught fire on the Butte-Helena highway near Clancy and burned. He was not Injured but the car was entirely destroyed. Earlier in the SAMPLING "is the process of obtaining from a lot of are a smaller quantity that contains, in unchanged percentages, all the constituents of the original lot" — Ü. S. BUREAU OF MINES. This is one of our regular jobs. During the past 25 years, our Washoe Sampler has sampled and purchased for cash millions of tons of gold, silver and copper ores and concentrates, at the rate of 1,500 tons a day. . . . ANACONDA Copper Mining Company Butte, Montana BULL FROG MINE TO HAVE NEW 50 TON BAU MILL BILLINGS—A 60-ton ball mill has been purchased and will be in stalled within the next 30 days In Bull Frog Mining and Milling com pany property, in Barton gulch, Virginia City area in Madison 1 county. j .1 M. Hamilton of Billings, presi- | dent of the company, reports the j opening of new fissure veins on the property, carrying gold, silver, l an( j lead ores, ranging in assay -•ines from $8.80 to $31.00 per E.'ton. Mr. J. M. Hamilton, President, J. F. Hamilton, Secretary and Treasurer of Billings, and Thomas L. Kemph, Vice President of Cus- ter, Montana, are all very much encouraged at the progress made, and anticipate a production with substantial deliveries around July 1. MINES JUNIORS INSPECT SMELTER Members of the junior class of the Butte Montana School of Mines at Butte left Great Falls Thursday after visiting large industrial plants here. The group, accompanied by mem bers of the MTlnes faculty, arrived Tuesday and Inspected the four gen erating plants here of the Montana Power Co. guests of the company at a lunch served at Volta. On Wednesday the young engi neers spent the entire day at the reduction works of the Anaconda Copper Mining Co. here and had lunch at the A. C. M. clubhouse as guests of the company. Thursday morning the group In spected the flour mills and were guests at a lunch served by the Great Palls Breweries at the brew ery. In the afternoon they boarded a bus to journey to Fort Feck to inspect the work there. They will swing south to Livingston and re turn to Butte on Saturday. At noon they were PATENTS GROUND HOG tana, made mineral entry at the Great Falls land office for Ground Hog lode mining claim, containing 119.874 acres in Sections 30 and 31 Township 8 South. Range 7 West. Ralph 1. Smith of Dillon, Mon PENDHOY BEER PARLOR PENDROY—A new beer parlor and pool hall has been opened kere by Jack Rose. Now the oil scouts will enjoy the new oil field northwest of town, J. ». bbunnrb SEND A CONTRIBUTION TO THE SUNBURST BADGER K. B. PERRY BRUNNER & PEREY ASSAYING, ORE TESTING, CONSULTING 11 BROADWAY HELENA, MONTANA P. O. Bo* 764 Phon« Ä718-W TWO MONTANA MINES WORKING UNDER THE SEC Two Montana mining companies, seeking to finance their operation under provisions of the Securities & Exchange commission have filed amendments during the past week. Unity Gold corporation of Bntte, Paul A. Gow, president, has filed new amendments, as of May 12, including a 37-page registration statement and 13-page prospectus with three exhibits, including the changes demanded by the Washing ton commission. The company has been trying to get the registration straightened out ever since July. 1938, when a stop order was Is sued. Mammoth Mines corporation, Earl H. Pulver, president, has fil ed amendments as of March 20, April 14 and May 3 which became effective on Mary 12, 1939. This company was the first mining con cern in Montana to qualify under the federal securities act of 1933. Its registration was effective as of Feb. 16, 1934. It has been repeat edly amended from time to time to keep the data up to date. ASK MINE-HOURS CHANGE WASHINGTON—A committee of western, members of congress Is drafting an amendment which would exempt small metal mines from hour provisions of the wage-hour act. Rep. J. Will Robinson of Utah, chairman of the group, said the committee would meet with Elmer Andrews, wage and hour administra tor, before completing its work. He said weather conditions, es pecially hard winters, often forced small mines to close down and that the only way miners were assured of a good annual Income was to work long hours during the operat ing seasons. PLACER MINE ON NINE MILE Placer property formerly operat ed by Ralph Wooden and located on the Nine Mile is being operated by Ellis Gold (Mining Co. The com pany is using a shovel with one yard capacity, a 1,000-yard wash ing plant, pumps and all necessary equipment. G ABOLI NE REFUNDS Gasoline consumers in Montana! who did not use the fuel on high-1 ways during April received $48, 435.34 in refunds. This figure was about $14,000 greater than for April, 1938. the auditor reported. SEND A CONTRIBUTION TO THE SUNBURST BADGER HAVE YOU A Mine for Sale? NO BROKERAGE Write for Details to Property Department Metals & Minerals Research Bureau » Sutter St. San Francisco or your Local Chamber of Commerce OPPORTUNITIES Herein are listed some of the beet bargains to be found today In Montana's Oil Fields and Mining Districts. In *!»<« column are found the Rems that escape the casual read« Rates: 25c per Une —0 Average Word« to Line. Enclose cash with order, to insure publication in next Issue, OIL MISSOURI Leases in blocks and scatter ed acreage. Harrah and Firth, Chilli <•<>) he, Missouri. 5-6-d IS MY CHILD MUSICAL? The Baldwin Talent Teat gives the Answer. A simple, scientific musical ap titude test for children developed by the Cincinnati! Conservatory of Music. Write Great Falla Recording Stadia« for your copy. Orest Falls. Montana 6-21-tf SWBBTGRA8B ARCH MAT—Contour* topography, all well locations. Finns' map of Ita kind ever prepared. B' fi B Bmrlck, Supply Pnpartraea* E Montana Oil snd Mining Journal OIL IN THE FOREST CITY BASIN Agk for free copy of this hook, 100.000 acres under lease, offered In blocks for 800 to 2.">0O foot wells. NEKOLEX AS, Box 435. Lawrence. Kansas. 5-20-d GOOD WORKING AGREEMENT AWAITS PARTY WHO WILL FI NANCE AND DRILL ON 2100 AC RE GOVERNMENT OIL LEASE, NEW MEXICO STRUCTURE OR WILL 1270 Down 6-20-a SELL WRITE SUTTON, ing, Denver. Colo. MINING Gy rotary Rock Cm*h*r, XeColly No. 6« Bam Markman, Box 876. Great Fall*. 1/16 of 1% landowners na Brltaoa farm. Cut Will sell m royalty on 1 Bank oil field, eight producing wells, five operator«, described as 8)NEJ, SRI Sec. 14 .nd WEJ Bee. », Twp. 34K K «W, 330 acre*, for 8®0, Wire or write Owner, 1081 Bailey Art., Ban Antonio. Text*'. 6-20-c Closing Quotation! os the STANDARD STOCK EXCHANGE SPOKANE «> GIBSON ASSOCIATES. INC. Great F»U«, Montana Noon May 1». 1030 .24 26 ..""....44 60 -....3% 4 Vi ...6.90 7.50 .-4 5 .4% 5 . 21 .30 Vi 35 ..40 43 ..6 7 .18 25 .15 21 .18 22 11.25 12.26 Clayton Silver. Dayrock . Golconda . Hecla Mining. Grandview . Independence .. Jack Waite. Metaline .-, North Butte.... Mont. Consolidated.... Sherman Lead.. Standard Silver Lead.. Tamarack . Bunker Hill..... CURBS Callahan . Pend Orlele. Premier Gold. Sidney . .75 1.00 ....1.34 1.50 —.1.85 2.00 .-*•--2 % 4 OVER THE COUNTER Wash Water Power 102.00 103.50 Mont. Power Pfd...."l00.00 102.00 METALS Lead, New York... Zinc, New York. Copper. Foreign.... Copper, Domestic.. .0475 .0489 .09985 10.60 09925 . 10.00 BIO HORN DELAYS AGAIN Big Horn Placer Mining Co., which has filed a registration state ment with the Securities & Ex change commission at Washington, D. C., has again filed an amend ment to defer effective date, as of May 10. The registration would otherwise become effective prema turely The effective date has been times, last pre vious amendment being dated Ap ril 22. ENGINEERS MEET TONIGHT The Montana Society of Engi neers will hold its last meeting of the fiscal year this evening at Hel ena at the Montana club. Harry A. Aurand of Denver, con sulting geologist and geophysicist, will discuss "Geophysics and Geol ogy." The society will meet again in the fall. TESTING ALDER GULCH A crew of five men are testing the placer ground of the Humph reys Gold Corp. lying between Vir ginia City and the Bell mine. The work other 60 ways. L. J. Burrows, Is foreman. The big dry land dredge has been standing idle for than a year, at Virginia City. is expected to last an more MINES BROKERAGE COMPANY ! P. O. Box 775 Helena, Montana GOLD PROPERTIES FOR SALE. Syndicate Management FIREPROOF Leggat Hotel BUTTE, MONTANA Alex Leggat, Prop. - Rates, $1.50 up MINING ENGINEERS GEOLOGISTS MINING MEN WELCOME ATTENTION: CAPITALISTS ! PLACER MINING Is now a saf« com mercial Industry to the man or syndicate with $100.000 or over, I am offering a placer mining propo sition that cannot be beat for safety and profits. Write for details. C. L. Carter. 1003 Carteret Ave„ Pueblo. Colo.4-29-d FOR SALE Several hundred steel barrel«' and several tnousaml square feet of corru gated steel roofing New and used min ing equipment. We buy and sell com plete plants also scrap iron in car lots Industrial Machinery Co.. Great Falls Montana. 4-29-d MISCELLANEOUS CAPITAL SEEKERS—Put yonr nrolect before 200 Key-men. Cost trifling AMSTER LEONARD Fox Theatre Building, Detroit, Mlchl 9-24-tf Details free. gan. 8WEETOBA88 ABCH MAP Mimeographed copy showing Ü. 8. Q 8. contours. Townships 1 « to 87N Ranges TW to 9E 80c. Supply Depart ment. Montana OH Journal. ■ 2* 2,%00 feet of 8 Inch wooden pipe. 8am Miirkman, P. Q. Box 37«. Great Falla, Geological reporta copied eogrmphed—maps reproduced. Box MO or OPERATORS and geoK> gut» may avail thunseive» of the s*e of tho Montana Oil and Mining Jonrnal'a geological library, which ha* the Urgeat Su^ Uon extant of Ü. 8. O. 8, Btataand private reports on Montana oil and mining geology. Since many of these rap otta ye, oat «f priât, coplea win ££*2"*. "ä thron the Supply Department Mam NaSonai' B * nk ®Mg- Great gallo.