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Report Explains Premium Price Plan on Copper, Lead and Zinc A comprehensive report on the premium price plan for copper, lead and zinc, has been released by the mining and minerals in dustry subcommittee of the Senate small business committee. The subcommittee has prepared " and Issued the report as: 1. A guide for copper, lead, and zinc producers—most of whom are small mine owners and operators— inasmuch as "No explicit details of the administration of the plan have yet been made public to the mine operators themselves, nor have the methods and formulas used in cal culating premiums heretofore been available to applicants," and as 2. An historical documentation of riment to the public for study, particularly as proposals are being made from var ious sources . . for a permanent important economic expe which "should be available an subsidy plan." The subcommittee report presents detailed information with respect to the evolution, development, ad ministration, and operation of the Plan; data concerning production, premium payments, metal prices, and costs; the mechanics of disburs ing premium payments; agency and committee letters, statements, and memoranda selected from the files of the senate small business com mittee; and all agency announce ments, form letters, and other known documents relating to the premium price plan for copper, lead and zinc. During the life of the plan, the report states, some 212 millions of dollars in premium payments have been expended to 3100 mines through June 1945 . . . the plan probably several billions of dollars In the ultimate cost of war material. It continues: has saved the taxpayer "The effect and implications of the economic trend upon the do mestic mining industry may be in dicated ... by the average cost (ceiling price plus premium pay ments) current during the month of June, 1945, for domestic copper, lead, and zinc, which was 13.745 cents a and ll.l ly. The cost of metal produced in the Tri-State district alone (Mis souri, Kansas, and Oklahoma) was much higher than the average for the country as a whole—being 10. 058 cents a pound for lead and 13.820 cents a pound for zinc during June, 1945. "It is evident from the foregoing that celling prices of 12 cents a pound for copper, 6.5 cents a pound for lead, and 8.25 cents a pound for zinc must be raised considerably eliminated entirely in the near fu ture, or that subsidies must be con tinued on a firm basis beyond June 30, 1946, and perhaps substantially increased. "The fact that an increase in cell ing prices would reduce premium payments on domestic production by a corresponding amount should be given serious consideration by the administration or when legisla tion is being drafted. "As there is a serious and grow ing shortage of lead and copper, incalculable injury Industry' — retarding reconversion efforts — may result if premium payments for copper, lead, and zinc are discontinued and if ceiling price increases in lieu thereof should be Insufficient to permit large numbers of mines to continue in operation on a profitable basis or it reasonable adjustments are long delayed." pound, 8.725 cents a pound, 42 cents a pound, respective 01 to the domestic Catalytic cracking capacity of the Uni tad States will be in excess of 42,000,000 gallons daily when all of the 96 new refining units now built or building are completed. WE MOVE DIRT! We Rave Haavy-Dnty Bgvipment Adjacent to the Cat Creek Area WZ WILL BUILD ROADS GRAD* CAMPSITE« asd do it QUICKLY! PETERSON and WALLING CONSTRUCTION COMPANY LBWBBPOWX— PHON® 1*40 rt MONTANA BOOM IN THE MAKING? HELENA—More than 28.000 request« for information on Montana have poured into the Helena office of Montanans, In corporated, since the first of the year. Inquiries come from everywhere —every state in the Union and from foreign countries as far away as Chile and the Netherlands. A Ca nadian physician simply one of his prescription blanks, with "Montana" written in as the pre scription. A lady from Michigan wrote regretfully, "I saw your ad vertisement in a paper here. I am not going to Montana right now. I wish I could. I was there in 1889 and 1890, and I will get back there at least once before I die." forwarded Inquiries Indicate a banner 1946 tourist season, officials said. Prob ably more tourists than available facilities will enter Montana. All planning, Montanans, Incorporated, pointed out, must be on a long range basis for the years 1947 and 1948 and following. Prior to the war the tourist busi ness was a $30,000,000 a year in dustry in the state. Montana, with varied recreational resources, should be able to expand this in come during coming years far above that amount. NEW HARL0 DOME WELL IN PROSPECT Mon-OCo Oil Corporation of Har lowton is reported planning to drill another well on Harlo dome, about seven miles northwest of Ryegate. The company drilled a well on this dome last year, completing dry hole after topping the Madison lime at 4660 feet and drilling to total depth of 5930 feet. New loca tion is some distance to the east and apparently higi The company's pla by a filing with the Securities and Kxchange commission, covering non-producing working interests in the venture. it as a her on structure, ns are revealed Just Published! An authorita tive, timely survey presenting the significant (acts on PETRO LEUM key product of the postwar world. 30 Ulaatntfe»«, 71 tables, $4-0« Our Oil Resources Edited by Leonard ML Panning This exhaustive, up-to-date study esents detailed accounting of our ou -feouroes not only in terms of geo logical knowledge but also In terms of human resources — engineering and scientific learning and application, piu* private initiative and incentive, which are the real keys to our future oil discoveries and developments Eighteen ■ authorities and their tech ■ Hi have contributed to this impressive symposium. The book is Illustrated with numerous charts, maps, tables, and photographs. See a Copy on Approval McGraw-Hill Hook Coanur. lac.. West 4t»d «treat. If-VTlS. IT. T. Please send me Fanning' RESOURCES for 10 day? ■ (notion on approval. In 10 days I will pay $4-00 plue a few cents postage or return the book postpaid (Postage paid on cash orders.) outstanding nical staffs S3« s OUR OIL City and Stata Oo Poe. MO Booklet Describes Geophysical Method of Locating Ore Bodies Geophysical Prospecting for the La written by Gerard R. Fisher of the 1961 University Ave., Palo Alto, Calif. The booklet, contains the very latest information descriptive of : metric, seismic and electrical geophysical methods locating of ore pockets, veins, lodes, faults, placer channels and buried metal. There are 46 illustrations in the booklet fully explain ing in picture and diagram the methods set forth in the text matter. yman" Fisher is the title of a booklet Research Laboratory. Ight 1946, tic, gravi ie for the Fisher and his scientific organ- " ization has set the pace in this field and as a result scientific search for minerals has recorded many suc cesses where the instruments of the Fisher Research Laboratory are used. In this connection Fisher says in his booklet; "Since the beginning of the 20th century science nas assumed a per tinent, if not essential, role in ore finding. Chance discoveries have ; the age in which piain luck accounted for million dollar ore bodies is closed. The increasing demand for metals requires a con stantly expanding reserve of ore to satisfy the needs of modern in dustry. This increased demand in turn stimulates the search for min erals, and it is in this search that improved geologic methods of in vestigation have become Important. "During the past new method of prospecting pea red, which correlates th of the sicist. been christened 'geophysical pros ps two decades a has ap e talent geologist, engineer and phy This method of search has "Altho geophysical prospecting has taken many forward steps dur ing the past 20 years, a wide field for future experimentation and trial still exists. The radio-freqency methods are assuming increasing importance in ore finding ventures. It is not to be assumed that geo physical methods yield direct ob servations concerning the existence of oil or valuable minerals. Geo physical methods are employed as an aid in the search for valuable material and as a method of geo logic surveying, and they yield data regarding the possible existence of materials sought. "Each method of search has, in NEW STORAGE TANKS Immediate Delivery 300 and 560 Above and Below Ground 1,000 to 4,000 Gallon Tanks on Order BEALL, INC. 218 North 16th Billings Phone 8881 DESIGNED FOR MINING ALUS- CHALMERS V-Belt Drives V Let os figure with you on a V-Belt Drive to replace your present unsatisfactory setup. Efficient along with continuous troaUe-fne operation. Failure is almost an Impossibility. Miscellaneous Mining Equipment Spikes and Bolts Tracks and Splices Anaconda Prospecting Hoists Mine Signal Hoists Mine Buzzers Ore Cars Orders Filled Promptly MONTANA HARDWARE COMPANY BUTTE — GREAT FALLS some instances, been complete in itself and has furnished ample re quired data. Many companies that wish geophysical surveys, however, have two or more surveys con ducted, employing different means By comparing data from different surveys a more complete picture is obtained." SHAWMUT ANTICUNi MAY GIT WILDCAT Bergmann, Childers and others of Harlowton are reported planning to drill a wildcat this year cm a large block of acreage assembled by them on the West dome of the Shawmut anticline, in Township# 6 and 7 north. Ranges 15 and 16 east Several years ago the California Co. drilled a well on the middle dome of this anticline, in section 34-7N 16B, that went to 4435. Subsequently the California Co. is reported to have acquired a large block of fee land In the area, though no further drilling was done. * M-SCOPE and MT-SC0PE For locating of or« bodies, vela», pockets aad faalts FREE LITERATURE upon re quest Also contracted geophysi cal surveys. Latest pamphlet on geophysical prospecting, illus trated tor mining engineers prospectors, postpaid for 50 cents. and Yam. CBBBSt afford to be without th» informait- ■ Palo Alto, (Mfondt