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Show JULY 20, 1970 OIL & MINING JOURNAL PAGE 5 ASARCO sees pure air hardship Mont.-Sh- ould DILLON, emission regulations now being proposed be adopted by the federal government, the smelting industry in Montana will be 00 extremely hard put, according to Stanley M. Lane, manager of ASARCO s East Helena smelter, Speaking to the Southwestern Montana Mining Association, Voodp I Gfflany Continued from Page 4 J below the market value. Does that mean the stock is Not necessarily. Again, look at the assets. Perhaps the most important quideline to consult in connection with book value is earnings. over-price- d? Dear Mr. Blackburn: What ever happened to the stock called General American Corporation that was going to buy Circus Circus? The Casino in ' Las Vegas. . Dear Sir: Like many stocks it fell from its high points and is not quoted in the Penny Market. The last quote I saw was around 35 cents a share down from $5. 00. Their major corporate activity is that of exploring and holding property bearing potential Uranium productivity. Their last balance sheet shows over 4 million shares issued and properties that they value at just under one million dollars. Dear Mr. Blackburn: Do many Europeans buy American Stocks. A student. Dear Student: fact, last year was one of the largest years in dollar volume with individuals and institutions in Europe investing in Yes, in American Companies. The New York Stock Exchange and the American Stock Exchange have had ticker tape service to Europe for some time. In fact, fourteen nations now get the ticker tape as y6u see it in your local brokerage office. Dear Mr. Blackburn: Are the listed stocks usually the same year by year. J. Niemeyer. Dear Mr. Niemeyer: Generally speaking the answer is yes; however, you find many name changes and mergers, a few delistings or companies that fade away, and many new listings each year. THOUGHT FOR THE WEEK: The smallest actual good is better than the most magnificent promise of impossibilities. --Macaulay "ITS YOUR MONEY" appnis wnldy in Um Rocky Mountain 01 & Minini JooimL If yon Lane said the smelter which began in the 1880s had been treating emission gases since 191 8 as soon as new methods of become have treatment available. However, he said, it may be 1 0 years before effective sulphur dioxide elimination can be developed. Present disposal methods are being modified and for all practical purposes the gas does not pose a public nuisance. Changes include increasing both the temperature and velocity of the stock gases for greater and higher dispersion and to double the height of the stack to 800 feet, he said. He pointed out that studies indicate that sulphur dioxide does not accumulate in the atmosphere but has a half life of about 4 Vi days by which time it is united with other compounds of the air such as ammonia from decaying plants to form ammonium sulfate which is a common commercial fertilizer. energy Continued from Page 1 government policies, which were adopted and are maintained without regard to their effect upon the availability of other fuels or the total energy requirements in years ahead. We are hopeful that, before ' will be legislation long, a create to introduced commission. ..to carefully evaluate our present position, those laws and pinpoint which , mitigage regulations against maximum utilization of and resources domestic recommend how they should be changed and brought together into a unified, coordinate bond of rules and regulations. McGanahan also said that an NCPC economics study showed that, in order to meet projected power requirements, 432 million tons of coal would be required annually by 1980 and 719 million tons by 1990. bam a foortion, noitr Richard Btcckhnni, Lai Vcpi SUN R0. Box 4275, La VopA Nov. 8I1C3 hearing Continued from Page This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular APRIL 6, 1970 NEW ISSUE 2,850,000 SHARES (Common Stock $0.01 Par Value) TEQBA WEST CORPOD ATIOn OFFERING PRICE: $0.10 PER SHARE Copies of the Offering Circular may be obtained from the undersigned only in states where the undersized may legally offer these securities in compliance with the securities laws thereof. BONNEVILLE SECURITIES, INC. 601 Kearns Bldg. Salt Lake City, Utah (801) 322 - 3515 1 overlapping sales which caused the Utah conflicts. The two solutions provided for in S.581 and S.S82 are alternative means to resolving the problem. S.S81 would authorize the Deaprtment of the Interior to issue a sing?e hydrocarbon lease all which would cover from removal hydrocarbon the surface. S.582 beneath would authorize the department to issue both a bituminous tract of land, but issued to a single party. - Iff Yet unresolved in the two bills is the question of how far the legislation should go. Some question arises as to whether oil shale and gilsonite, a solid hydrocarbon mineral, should be included. Gilsonite has a lower the than melting point extract to temperature required oil from some of the sandstone. Oil shale is also a source of oil, so some witnesses argued that they should all be included under the same package. FINANCIAL FORECAST By Merle Cox For the week of July 19th thru 25th ARIES March 21 thru April 20 Being taken for a few dollars will serve a useful purpose, that being a lesson in caution on quick spending. TAURUS 21 thru May 20 April A rest would help you see things of the market in a new light. Ask a good friend to hold your purse strings. GEMINI May 21 thru June 20 not the time for a change. Keep your mind and labor in the areas you This is are now affiliated with. CANCER June 21 thru July 22 Good things could begin to happen to your interests. You should now feel the riches of past work catching up to you. LEO July 23 thru August 22 there isnt a thing in the whole financial world you couldnt subdue if you set your strong mind to it now. VIRGO August 23 thru Sept. 22 The stars smile on the mutual interest stocks for you. Find a good group of investors and watch the profit grow. LIBRA Sept. 23 thru Oct. 22 If you feel off balance becuase someone in a high position is breathing down your neck, take a deep breath and surprise him with your financial sense. SCORPIO Oct. 23 thru Nov. 22 There isnt a great deal of new activity in your house at this time. The money you could have received earlier this month will ride you over. SAGITTARIUS Nov. 23 thm Dec. 21 If you are asking yourself why your deals are falling through, take a good look at the time you have been spending on the job. CAPRICORN Dec. 22 thru Jan. 19 Being unsociable could make a dent in your pocket book. Try to be personable and understanding with peers. AQUARIUS Jan. 20 thru Feb. 18 Find yourself a cool place to think things over. You may tend to act suddenly and unwisely in this period. Feb. 19 PISCES thm March 20 will be a time to motives consider of business and partners marriage partners. Any moves made could lead to lifetime repercussions. This au BuMines studying Montana uranium of The Bureau Mines and Montana at Technical Geology with College, in conjunction Continental Oil Company of Denver, is working on a project to determine the potential of uranium in western Montana intermountain valleys. The which was project, initiated by Dr. S.L Groff, chief Groundwater and Fuels Division, MBMG, now is in its third year. According to Dr. Frank Diebold, assistant professor of chemistry at Montana Tech and one of the investigators, the study could result in a new extractive industry for the state, depending upon the economic potential of the lignite deposits which are associated with uranium ore. Dr. Using a fluorometer. Diebold and his associate on the project, Dr. Gordon R. Shuck, associate professor of chemistry, will measure the concentration of uranium within solid or liquid samples by measuring intensity of fluorescence emitted by uranium in samples at different wavelengths. The cost of the study is about $6,000 to $7,000. |