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Show The Rational Enterprise, December 22, 1976 Page four Intermountain Labs Nearly Surety Reports Level h Profits Operating Earnings Doubles Nine-Mont- LAKE Earnings recorded by Intermountain Laboratories Inc. (OTC 1.25, 1.75) increased 90 percent in SALT the nine month period ending Oct. 31. The Salt Lake based clinical and pathology laboratory said net income for the period was $112,776 or 16 cents per share, up 90 percent over $64,560 or 8 cents last year. h Sales for the latest period were $1,442,859, up 27 percent over $1,133,336 last of a new laboratory facility in southern California. Current liabilities, on the other hand, have decreased by nearly In$1,000,000, he added. cluded in this figure are the reduction of the bank line of company has increased the past $132,000 months. Beers stated. in COALVILLE A new oil discovery well, eight and a half miles southeast of Coalville, Utah, has been completed by American Quasar Petroleum (OTC 26.50, 27.00) With production of 100 barrels of oil daily, the 17,053 foot well was completed in the Twin Creek formation at 11,308-11,38- 5 feet. The well was reported to have flowed gas from the Dakota formation. The company on Friday also tested a seventh producer in the Pineview field which flowed some 60 barrels of oil in 30 minutes on initial testing periods. The No. 4 UPRR flowed oil from a depth below 9,000 feet, the company said. When this apparent producer American is completed, Quasar will have six of the seven producing wells in the field. Champlin Petroleum also has a producer in the area. 12 nine-mont- Utah was scheduled last week by American Quasar too. The latest wildcat well is the No. 20-- 1 Hogback Ridge, located north of Randolph, some 10 miles east of the south end of Bear Lake. Reserve Oil Sells JUST PUBLISHED INVESTING IN THE GREAT NORTHWEST NOW : . . FOR THE FIRST TIME A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H ABOUT THE AUTHORS. INVESTING IN THE GREAT NORTHWEST is a new approach to Investment guidance, bringing together in 320 entertaining and readable pages information indispensible to any businessman interested in this U308 for $2.1 Million region. Discusses over 200 public companies With over 2 billion shares of stock Over $30 billion annual sales Paying over $1 billion annual dividends and interest 3-- new exploratory test well in northern Rich County, A dividends Nevada Savings & Loan, sets quarterly dividend cents declared for payment Jan. 20 to policy, shareholders of record Dec. 31. The dividend will be paid on shares after the previously announced split of common, payable Dec. 20, to 7-- 12 5-fo- shareholders of record Nov. 30. Manor Care Inc., regular quarterly dividend, 10 cents, payable Jan. 12, to shareholders of record Dec. 29. Vitramon Inc., 10 cents, payable Feb. 15, to shareholders of record Jan. Surety earlier this year) were 71 cents Financial Corporation (OTC per share, up from 41 cents 4.875, 5.375) reported operatper share last year. Surety Life Insurance ing earnings for the nine month period ended Sept. 30 Company, the major subsiof $678,000 compared to diary of the holding company, 710,000 for the corresponding reported an increase of 14 period in 1975. Operating percent , in the new ordinary earnings per share, however, life insurance premium sold h over the same period in 1975. were 40 cents for each The after-ta- x gain from period. inNet earnings which operations of Surety Life Includes realized investment surance Company rose to gains and losses and an extra- $373,000 from $355,000 in the ordinary item (resulting from same period in 1975. the settlement of a lawsuit SALT LAKE CITY Coalville Area Fertile for American Quasar nine-mont- year sales. For the third quarter, to amounted earnings $54,936, or 7 cents per share, a 298 percent increase over net income of $13,820 or 2 cents a share in the third quarter of 1975. Sales too increased 38 percent, bringing the periods total to $503,590 compared to $365,320 in 1975. According to William L. Beers, executive vice president and general manager of the firm, the primary reason for the increases in both periods is due to a marked increase in the number of veterinarians throughout the nation using the services of the company's subsidiary in, California, Veterinary Reference Laboratory, and the main labs in Salt Lake. Beers also pointed out that Intermountain Laboratories has strengthened its financial position considerably during the past nine months. Property, facilities, and equipment values have risen by more than $140,000, he said, primarily due to the purchase credit by $80,000 and reduction of accounts payable by $58,000. Stockholder equity in the ALBUQUERQUE, N.M.-Reser- ve Oil & Minerals Corp. (OTC 34.50, 36.00) has sold approximately 50,000 pounds of uranium concentrate at a price of $42.25 a pound to an undisclosed utility. Value of the transaction is about $2.1 million. Reserve also said last week that Asamara Oil Corp Ltd. of Canada has agreed to explore for uranium on a 362,400-acr- e block of property in northern Saskatchewan in which Reserve holds an inter- SHANNON P. MATT la Edbor of I NorthwMI fewMOng rwegnlnd axpwt an empontt Mb (to hehto doctorf In from Indiana IMvanNy, la a Chartwwl FlnancM Analyal and a CartMad FlnancM FMmar, and tor-mwaa Abactor oflha kwaaUnanl AnrtyWc Cantor al Portland Stale IL Tha aidhera aaa wan, raaaona why tha Narfhwaal ahaidd canUnua la ba a aound and giaadn nglan tor bwaatmanl hinda. Thara'a ne laaaon to dtoagrafe" Dan CaugNbi, Saatba. $9.95 Hard Cover $&95 Soft Cover AVAILABLE AT MOST BOOK ORDER TODAY STORES OR ORDER FROM: Wlllamattc Management 220 S. W. Alder Street Portend, OR 07204 Pleeee eend me AnocMh, Inc. coplee of INVESTING IN THE GREAT NORTHWEST:' hard cover $9.95 plua 504 mailing each. In soil cover $6.95 plue 504 mailing each. Name Addieea lar a manbar at year Ha la a mmbar al Sw Demur SocMy al SacurSy Analyila and haa had Si year mpmt-an- a In the fewaabnam butoneaa. Noaa la author al Hw boah, knaaOni In law Wall Orcwth f HealthGardeS 930 WES' FIFTH SOUTH SALT LAKE CITY 14101 (Ml) MI-771- City IF NOT SATISFIED, RETURN BOOK WITHIN 30 DATS FOR A REFUNO. MEDICAL COMPUTER SYSTEMS AND RURAL HEALTH SERVICES 1 14. Beacon Photo Services, 12 cents, payable Jan. 17 to shareholders of record Dec. 23. Keystone Intl, increased quarterly dividend from 9 cents to 2 cents per share, payable Feb. 28 to shareholders of record Feb. 15. The company also voted to pay an extra 9 cent dividend, similar to the 9 cents paid a year ago. 12-1- Pako Corp., regular quarterly dividend, 12 cents, payable Jan. 10, to shareholders of record Dec. 27. Circle Rubber Company, 25 cents, payable Jan. 7 to shareholders of record Dec. 23. Toro Company, regular quarterly dividend, 14 cents per share, payable Jan. 12 to shareholders of record Dec. 29. The payment is the company's 96th consecutive regular dividend. 7-1- 2 Grand Central, regular quarterly dividend. cents, payable Jan. 15, to stockholders of record Dec. 30. I I In est. Reserve estimates that about $900,000 will be spent on the property in 1977 and possibly more in future years. "Amotounucualboott AbM braaMng aWait wtthlimartanlmatarM tor aaanaMc aaphlatlcalaa aawadaa amalaur bwaatara." Nabart Land-aua- r, The OREOONIAN. The computer has a greater potential in patient care than any other invention, including the stethoscope and the X-r-ay machine. Mr. Ken Hanson American Medical News HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital' OUR NASDAQ SYMBOL IS HGRD I I I |
