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Reciprocal Trade WASHINGTON—Julian D. Conover, secretary of the American Min ing Congress, appearing before the Senate finance committee last week, denied that Senate ratification of trade pacts would "blackout" author ity exercised by the executive and that "ratification is tantamount to repeal" and charged that trade agreements which cannot obtain rati fication of elected representatives of the people "can scarcely be in interest." Taking issue with Assistant Sec retary of State Henry F. Grady ov er Senate ratification. Mr. Conover "We cannot agree with the stated: SÜI implication in these statements that only the appointed officials of the trade agreements organization have) the clear vision, intelligence and incorruptibility to handle our tanglements with foreign countries, and that elected members of Con re-?ponsible directly to the en gress, people, are incompetent to discharge their duty to the nation when con fronted with sectional issues." Urge* Amendment Speaking for. all branches of the ining industry. Conover urged the Senate committee to amend the ex isting act in three respects; Make the law contain a defi nite requirements limiting our cessions on any commodity to that which constitues the prin 1 con country ciple source of imports. 2. Incorporate definite provisions in the existing act to make effec tive the "escape clause" found in the various treaties. 3. Require Senate ratification of all agreements before they become effective. Failure to limit our concessions commodity to the country the principal of imports, has resulted In on any which constitutes source serious damage to domestic miner al commodities, the mining spokes asserted. Domestic protection zinc and cadmium was reduced in the second Canadian agreement, although Canada is not the princi pal or even an important source of imports, Conover stated. He charged that the major benefits of concessions made to Canada were enjoyed 'by Mexico, Peru, Belgium, Netherlands, Italy and other coun tries from whom no correspond man on ing concessions were received in return. Escape 4'lauscs Vigorously urging the adoption amendment to require use of of an the "escape clauses" of the agree-1 ments when it was found that dam-1 domestic industries Conover scored age done to called for relief the failure of the State Depart mnt to take action under the escape clause provided in agreement: "The zinc industry affords a con spicuous example. Producing a bas ic commodity whose price is govern ed by the world market, our pro ducers Immediately suffered the full cut of $7 per ton which was made in the Canadian agreement, and this penalty will persist throughout the life of that treaty, except for such temporary and uncertain relief «s may be afforded by the war's dis locations. Damage has resulted not only from greatly increased imports, but from the depression of domestic price levels and from the loss of that confidence in the future so essential to a natural resource In dustry which requires years of preparation before actual produc tion takes place. The continuance of this outlook is hound to have serious consequences upon our fu ture supplies of a critical war ma terial. the Canadian Zinc Industry's Case "The zinc Industry's case fulfills completely the conditions of the escape clause in the Canadian treaty. Under this clause our coun try has the right to withdraw or modify the concession on any ar ticle W, as the result of the ex tension of such concession to other foreign countries, such countries ob tain the major benefit of the con cession, and if in consequence im ports of crease to such an extent as to threaten serious injury to domestic producers." Repeated conferences with the State Department have brought out clearly that the zinc duty had been reduced without an adequate com pensation of the facts, and without any evidence of such painstaking and accurate study as is claimed to be an inherent part of the trade agreement procedure." NANCY LEE RESUMES DEVELOPMENT The Nancy Lee Mines, Inc., is resuming develop ment work in Us proposed 3.000 foot deeip tunnel which will be driven to a point 4 00 feet under the Little Pittsburgh shaft, shaft is reported to be in a good grade of commercial ore. A mod ern mucking machine, mine rails, oars, and pipe have been installed and the company expects to make about 400 feet a month. The pro posed tunnel is 280 feet below the one driven into the King and Queen claims on the other side of the gulch. schedule is estimated to cost around $60,000. The Nancy Lee holdings Include the King and Queen. Elder, ado. Keystone. O. R. & N.. Peter the Great, and the Little Pittsburgh groups of claims, all located near here. Milo Skero is mine superin tendent and Henry H. Ray is gen eral manager, both of Superior. L. Brain-ard of Kellogg, Idaho, is 'president. SUPERIOR The The present development n. »BND A CONTRIBUTION TO THE SUNBURST BADGER DECEPTIVE PRACTICES CHARGED I WASHINGTON—Alleging the use of unfair and deceptive acts and practices in the interstate sale of instruments intended for locating gold and silver and in the distribu tion of a booklet the federal trade commission has issued a complaint directed against Henry Bergman. Springfield. Mo., dealer in such prod nets. Thru the use of advertising the respondent is alleged to have repre sented to purchasers that the instru ment offered for sale will enable a person to locate gold, silver and hidden treasures and that persons giving testimonials published by the respondent have actually located treasure by using the respondent's instrument. The complaint also alleges mis. representations in the sale of a so oalled "fortune telling crystal ball," "universal good luck coins," and lists of names and addresses of concerns selling , devices used in searching for treasures or minerals. The respondent's representations are alleged to be false, misleading and deceptive because the use of his commodities will not enable the pow ers and benefits advertised. Alleg ing violation of the federal trade commission act, the complaint grants the respondent 20 days for filing answer. FRENCH BUY HUGE COPPER TONNAGE NEW YORK—The French gov ernment has placed a new order for 75,000 long tons of copper with the same group of producers that have been supplying the re public's wartime copper needs, it was disclosed in metal circles. The bulk of the tonnage, priced at 11* cents a pound, at ship-side will come from foreign properties of Anaconda Copper Mining com. pany. Kennecott Copper corpora tion, and Cerro De Pasco Copper company. It was also understood International Nickel company. Ca nadian producer, would participate in filling the order. This order brought to 100,000 tons the total amount of red metal purchased l>y the French in the past 30 days. At the same time Increasingly heavy Russian purchases of Ameri can copper were disclosed by an analysis of figures compiled >hy the United States Bureau of F'oreign and Domestic Commerce. During January, Russia bought 26 603 tons of copper, said by tEe American Bureau of Metal Statis tics to be a record, of recent years at least. The purchases comprised almost half the 57,604 tons exported from the United States to all countries in January Rated second for the month as a foreign purchaser was Japan, which bought 12,604 tons. present rate of large scale purchases began in December, when the Soviet Union bought 17.057 tons here, bringing the 1939 copper im ports from the United States to 22, 74 8 tons—an average of only little more than 500 tons a month in the first 11 months of the year. Copper trade authorities said the Russian buyers had not disclosed the use to which the copper was to be put. but the metal is recognized as an important war munitions ma. terial. "JONESEV" IS ILL L. E. Jones of Great Falls, vice president of Hail-Perry Machinery company, is confined in a local hospital by illness. His condition is not critical. MINES BROKERAGE COMPANY P. O. Box 775 Helen», Montan» GOLD PROPERTIES FOR BALE. Syndicate Management FIREPROOF Leggat Hotel BUTTE. MONTANA Alex Leggat, Prop. RatM, $ 1.00 up MINING ENGINEERS GEOLOGISTS MINING MEN WELCOME » # ui™1 tEDfwggffPr I ESTABLISH PUSVIS H »9 ENGWEER L. D. RICKETTS MES IN CALIFORNIA LOS ANGELES—Dr. Louis D Rickerts SO, noted consulting gineer and copper company execu tive who for many years played an important part in the development the western mining Industry, died March 4. He had been ill a little more than month, and his condition became critical following a major opera tion three weeks ago. pn of a Dr. Rickerts rejected an offer of teaching post at Princeton Uni versity, his alma mater in favor of a mining career, and went to Lead ville. Colo., in 1881 to study geology. The following year he received his doctor's degree at Princeton. He was a director of Phelps Dodge corporation and had served as con sulting engineer for Anaconda Cop per 'Mining company. Consolidated Copper company and Green Cananea Copper company. He also was chairman of the board of directors of the Valley National ■bank, a state-wide Arizona organi zation. He became associated with Phelps Dodge in 1890 after serving three Inspiration years as state geologist of Wyoming, During his career he held the gen eral managerships of the Old Do minion Mining and Smelting com pany of Globe. Ariz.. Cananea Con. solldated Copper company of So nora. Mexico, and of the Calumet nnd Arizona and New Cornelia Copper companies. lie was noted chiefly for his work for the Inspiration Consoli-|the in designing and constructing large concentrating and smelting plants. He built the plant at Inspiration. Ariz., dated, the first mill to use the flo tation process which increased the recovery of copper in concentrators by about 50 per cent. Dr. Rickerts last fall was awarded the James S. Douglas medal of the American Institute of Mining and Metallurgical Engineers for "inspir-1 ational leadership and distinguished achievements in the metallurgy of copper.'' He served as president of the institute in 1916 and for many' years was a member of its board of directors. ANACONDA BUYS B. & S. MINE PROPERTIES One of the largest mining deals that Butte has known in many years was consummated on Febru ary 29 and filed with the county clerk and recorder—the purchase of the claims of the Butte and Superior Mining Co., by the Ana-. conda company. The deal includes more than 70 mining claims, among them the Black Rock, Bland, Black Crow, Bellevue. Allie Bell. Ameri can Eagle, Bird, Birdseye, Col. Sellars, Comstock. Constitution. Copper King, Damarat. Dan Qulip, Deadwood, the Admiral Dewey and many others. The Butte and Superior properties have been idle for a number of years. Some of them, particularly »he Black Rock, were heavy pro ducers before the depression era set in. No price is named for the purchase. The deed is signed by D. Tackling, president of the Butte and Superior and George Moser, secretary. The ground is located in the northeastern part of the Butte mining districts. GOING ON CRUISE Mr. and Mrs. A. B. Cobb and Wilfred and Mrs. Nadeau of Cut Bank sailed on Friday from San Francisco for Honolulu on a 30 day vacation trip. Cobb recently bought the Nadeau Brothers produc ing properties in Cut Bank field for a reported consideration of $4 00,000. Office Phone 1929 Ke». Phone 19IT Office: 303 Con-Hoy Bldg. E. W. KRAMPERT CONSULTING GEOLOGIST CA8PEK, WTO P. O. Box 1106 Western Iron Works 8 (loetrpmMl 1400 East Second Streei -Phone 2-3966 i MONTANA ' BUTTE, ■ We Carry Stocks of STEEL AND CAST IB0*N GRINDING BALLS Sise 2-inch by 4-inch AMERICAN STEEL SPLIT PULLEYS COLD ROLLED SHAFTING SHEET STEEL e. STRUCTURAL STEEL SHAPES HHSH6MKRS RAMPANT IN COLORAM GRAND Charges were filed against 12 men in Colorado's third big highgrad ing case within a month. Sheriff Guy Warrick of Tellur ! .de said a former Missouri con vict's love for a friend's wife indi rectly led to discovery of wide «preadgold thefts from one of Col. orado's most historic mines, the Smuggler Union. The thefts run between $50,000 and $100,000, the sheriff estimated. The men charged here are accused of buying gold from miners who carried the hlghgrade ore from the Smuggler Union in small amounts, in lunch baskets or under their coats. JUNCTION . COLO.— ed. Four men are under arrest at Pairplay. high in the Rockies of central Colorado, in connection with a widespread highgrading investi gation which has already sent four others from that locality to the state penitentiary for participating in thefts of gold from Park coun ity mines. Other arrests are expect Vanadium Stolen Evidence of an International ring of thieves and smugglers shlp ning vanadium ore from western Colorado mines to 'both the Sino Japanese and European wars has been uncovered 'by States Vanadium company, Burwell, president of the corpora tion. said here. Burwell said his company was the United Blair tracing recent shipments of refined vanadium—vital in the hardening of steel for armaments—outside United States. Regional offices of the Federal Bureau of Investi gation and the secret service in Denver denied they had any know ledge of the vanadium company's allegations. ing in International Ring "We have reason to believe a ring of international size is opérât. vanadium and refined ore taken from our Uravan, Ooio., hold ings in the west central part of the state, eventually is finding its way to belligerent nations.'' the company president declared. The company started its inves tigation last month when it was discovered in recent weeks approx imately $30.000 in refined ore was missing from the company's plant near Montrose. Colo. STUDENT FALLS DOWN OLD MINE SHAFT BUTTE—Fred Lines. 18 year old Junior at Montana School of Mines, narrowly escaped afternoon when he down the Black Warrior mine shaft north of Rocker while measuring the headframe. His fall was broken when he landed lengthwise on a two by twelve plank across the shaift and remained there. Had Lines missed the plank he would have fallen the remaining 200 feet to the bottom. His injur ies were limited to a fractured death Friday fell 50 feet shoulder blade, a broken rib, and bruises and shock. Heroes of his rescue were James L. Roe. Butte fireman and Wen dell Erickson of Alaska, a fellow student. MINING MAN DIES president Hecla Mining Co., James F. Mc Carthy of Wallace, Idaho, died to day. He was 73. of SPOKANE—The W.B. FINLAY, C.P. A. GENERAL, MINING AND OIL FIELD ACCOUNTING AUDITS, SYSTEMS TAX SERVICE First Nation»! Bank Bldg. MONTANA GREAT F ALIA, REES BUYS EASTON PAG. MINE, MILL SPOKANE—His purchase of the Easton Pacific mine near Virginia City, Mont., on a bond and lease from the Elling estate is reported by James Reed, mine operator of Twin Bridges, Mont., and Nespelem, Wash. One of the older and largest lode mines of the district, it has been developed broadly 'below the tunnel level where large quantities ' of ore remain, Reed reports. Lessees are shipping a carload a week the upper levels. The mine was | operated until recently by the Eas- | ton Pacific Gold Mining Company, ' headed by Harry Reynolds, 2424 Arlington Avenue. Birmingham, Alabama. That concern installed a 75-ton flotation mill which is included in the present deal. Reed also operates the High Ridge gold mine near Twin Bridges with J. C. Roberts, electric contractor of Spo kane, Washington. DIVIDENDS!! Anaconda will pay a dividend of 25c a share on March 25 to stock of record March 5. This payment of 92,1841,580 will bring Anaconda's total payments to $200,000,000. Bunker Hill & Sullivan Mining and Concentrating Company, Kel logg. Idaho, is pitying a dividend of 25 cents a share, totaling $327, 000,000 March I, to stock of Febru ary 15 record. The dividend brings total dividends to $53,020,207. Hecla Mining Company, Wallace, Idaho, will pi?y a dividend of ten cents a share, totaling *100,000, Mardi 15 to stock of February 15 record, bringing all lime dividends to $23,205,000. HENRY M. LANCASTER MINING ENGINEER Ü. 8. MINERAL SURVEY 10 Pittsburgh Block MONTANA HELENA, K. PEBET 9. 9. BBCNKEB BRUNNER & PEREY ASSAYING, ORB TESTING, CONSULTING U BROADWAY HELENA. MONTANA V. O. Box 704 Phone Z11S-W Douglas Wilson, Ferris & Co. CERTIFIED PUBLIC ACCOUNTANTS Members of American Institute of Accountants Ranching — General Accounting Easiness and Tax Counselors Oil — Mining Great Falls, Montana 418-19-20 Strain Bnlldlng ■v ; SAMPLING is the process of obtaining from a lot of ore a smaller quantity that contains, in unchanged percentages, all the constituents of the original lot" —U. 8. BUREAU OF MINES. « * This is one of our regular jobs. D'tring the past 26 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 Cloala« QmotMtUmm om the STANDARD STOCK EXCHANGE SPOKANE By GIBSON ASSOCIATES, INO. Great Full«, Montan» March 8, 1040 20* 32 .49 60 Clayton Silver. Dayrock . Golconda . Grandview . Hecla Mining. Jack Waite. Metaline .. North Butte. Montana Silver Queen. Mont. Consolidated— Polaris . Sherman Lead Standard Silver Lead.. Tamarack ... Bunker Hill.. 5 4 14 13* 7.00 6.76 21* 25 ... 42 47 .56 70 8% 10 .3 4 >4 1.00 1.10 .26 35 .9 12 .31 35 12.60 13.40 Lead, New York, Zinc, New York ... from;Copper, Domestic, III jk Ml"f It Ü 1 li if T SI Jr 8 flit If I IfliîliLîJ ■»■»»»■■■■»■■ UlAVItf |A|f (Ilf lljr Ml If HR ■ — ^ — »»»»»» ■ ■■■■M L (lO Ailfi |M (■ M 1 WH wW 1*1 Sa IS CURBS 1.25 1.75 1.58 1.75 Callahan . Pend Oriele.. Premier Gold Sidney . 1.20 1.01 2% 5 OVER THE COUNTER Wash. Water Power 110.00 Montana Power Pfd. 106.00 110.50 107.00 METALS .05* .0650 11 * Conditions in Neihart today are the best they have been for the past 10 years, declares Tony Faller, mayor of the mining city. Mining operations, encouraged by good sil ver prices, are going forward on a scale which has not been seen for a number of years, and as a consequence, Neihart is enjoying prosperity. Many new buildings have been erected in the town in recent months, and, with some 300 men employed in mines in the vicinity, there is a shortage of houses and other 'buildings. Faller said. Four mills are now in operation at Neihart, he said, and others are expected to 'begin operation soon. Those now being operated include mills for the Florence, Neihart Con solidated (Hartley), Big Seven (Silver Queen) and the Star prop erties. A mill is built for the Benton group and Ripple workings, but it has not yet been placed in opera tion, as development work is still in progress at those properties. The 50-ton mill of the Kites Min ing Co. is now being built and should be in operation in aibout 30 days, Faller stated. This will serve the Broadwater property which has 'been leased by this group of operators. The Galt mine is expected to re sume operations In the near future, and it is reported that the Queen of the Hills properties are also be ing prepared for operation under lease sometime soon.