OCR Text |
Show JULY 27, 1970 OIL & MINING JOURNAL PAGE 5 Cedar Rim offset looks good Mountain Fuel Supply Co. says it is greatly pleased with a production test of a new well in Utahs Duchesne County, the Sink Draw Well No. 1 . The production test showed the well flowed 92S barrels of oil and 714,000 cubic feet of pour point of 115 degrees Fahrenheit. natural gas during a 1 M.M. Fidlar, president, said An inch choke was period. used. the firm was particularly pleased because the well is a step-oshows the to the firms Cedar Rim oil Preliminary analysis oil is gravity A.P.L and has a discovery well. 24-ho- ur 1-- 16 ut Minerals Survey, Scintrex fly test airborne Minerals Surveys Inc. and Scintrex Airborne Geophysics Inc., Salt Lake City affiliated companies in air and ground exploration, have test and demonstration of their newly geophysical electromagnetic announced a flight developed Scintrex prospecting system. The test took place July 13 at a Salt Lake airport, and represents the first time the TURAIR instrument demonstrated Voat? Gfflro7 00 Continued from Page 4 purchased years ago (1958). It is Vandenburg Hotel Stock of California. Is it of any value or should it be forgotten? Thank you for taking the time to answer my question. Mrs. Barbara Herington. Dear Mrs. Herington: I remember the Vandenburg Hotel deal and am quite sure it went into bankruptcy. Better get a nice frame at the dime store to hang your certificate up as a reminder to investigate before you invest. Dear Mr. Blackburn: About two weeks ago I got a phone call from a friend who works at the Electronic Assistance Corp. of Red Bank, New Jersey, which is listed on the American Exchange He told me that his company has a parimutuel k betting system machine off-trac- that prevents counterfeiting, manipulation or fraud. I have enclosed a copy of the information I asked him to send me. Knowing that New York State has passed and made off track betting legal, I bought 500 shares of E.A.C. Please tell me what you think of this company and its future prospects. Thank you in advance. I will be looking for your answer in the paper. Bernard Finldy. Dear Mr. Finley: Thank you for sending us the information. They appear to have a good thing going. If any of our readers would like a copy, stamped envelope. just send me a As to the future potential of the company and its stock, that is betting any mans guess. If other states adopt the same off-trac-k programs, then there might be big things ahead for them. self-address- ed Dear Mr. Blackburn: How important is odd lot trading on the exchange? Jack Kay. Dear Mr. Kay: So that all our readers understand the term we define odd lot orders as those orders less than 1 00 shares. Recently most brokerage firms have discouraged the small investor (I am sorry to report ) so odd lots do not play a very important part in the daily trading on the exchange. Last year before the profit pinch the American Stock Exchange reported that odd lots amounted to 7 of the total Dear Sir: of market analysis based upon the Dow-Jone- s industrial and rail stock price performance of the The market is in a basic upward the that averages. Theory says , trend if one of these averages advances above a previous important high, accompanied or followed by a similar advance in the other. When the averages both dip below previous important lows, this is regarded as confirmation fo a basic downward trend. The Theory does not attempt to predict how long either trend will continue, although it is widely misinterpreted as a method of forecasting future action. DOW THEORY: A theory 'IT'S YOUR MONEY" appears weakly in the Rocky Mountain Oil & Mining Journal. If you have a question, write: Richard Blackburn, Las Vegas SUN P.'0. Bore 4275, Las Vegas, Nev. 89106 been the United in FINANCIAL FORECAST States. ' The system has been tested in Canada over the past two years and is able to detect massive sulfide ore bodies to depths of about 1,000 feet subsurface, the The testers deepest say. be could that penetration airborne an from expected system before this was 250 to 300 feet. Company officials pointed out that now vast new areas can be explored to the extent of approximately 25 square miles in a day at less than of a typical ground geophysical survey. The system is mounted in a Bell Jet Ranger helicopter with the detecting elements trailed in a bird 100 feet below Minerals Surveys and Scintrex stated that this is the first TURAIR system being made available on a commercial basis. The second will shortly be available in Australia. The third and fourth are planned for Canada later this year, the companies said. Immediately following flight testing in Salt Lake City, the unit began to survey areas for clients in various western states, they said. . - spending for future TAURUS April 21 thru May 20 If a tiny bee of loss has stung you, treat the wound with thrifty planning. The market will be more Etc. tL Mo PRINTING & LITHO 947 487-07- 68 SOUTH or 1700. WEST 298-37- 03 said for continued circulation this of monies. Keep in mind in this especially tight period. SAGITTARIUS Sit on your of unrest in your house of finance will leave you with a spinning head and a gratifying amount of profit. A period May 21 thru June 20 assets, or whatever feels the most comfortable. There will be a slow period of profit now. CAPRICORN Dec. 22 thru Jan. 79 CANCER June 21 thru July 22 Having made the decision to invest, stick to your post and rule out the storm. You will be pleasantly surprised at the outcome. Business will please you, whether your own or your place of employment you will find much happiness from shared gains. AQUARIUS Jan. 20 thm Feb. 18 LEO July 23 thru August 22 I Heat and pressure will leave you anything but interested in the financial things of life. Find a cool place and take a rest from money The time has come for you to make a great change No matter how unusual you may think it sounds, the outcome will be favorable. problems. PISCES Feb. 1 9 thnt March 20 VIRGO August 23 thru Sept. 22 You may have the ; tendency to over emphasize the importance of yourself in the outcome business deal your motives. Shareholder Reports Sell Orders, There is a great deal to be Nov. 23 thru Dec. 21' Re-evalu- Buy1, SCORPIO Oct. 23 thru Nov. 22 GEMINI facilities for Stock Certificates matters go unattended. favomble later. Undorotand Your iJoada It Prospectuses Financial Statements Sept. 23 thru Oct. 22 Distractions will plague you as company will seem to come in droves. Excuse yourself, dont let financial opportunities. Wo Printing & Mailing LIBRA As conditions are changing and the best time is the latter part of this week, save the major part of your Brokors. Undorvzritora. Q Mining Companion By Merle Cox For the week of July 26th thru Aug. 1st ARIES March 21 thru April 20 one-quart- er volume. Dear Mr. Blackburn: Would you explain what is meant by the Dow Theory. Name withheld on request. had of a ate One of the vices of life will slow down your market activity. When you get ahold of all your wits again, the opportunities will console you. Federal Resources pleased with Ouray, Colo., mine Federal Resources Corp. president Nels W. Stalheim, siad a mining and milling operation at its Camp Bird Mine near Ouray, Colo., will generate immediate cash flow for the company. Mr. Stalheim .. . said the a is large, company mining of replacement-typ- e deposit ore. and silver lead, zinc,' copper A replacement deposit is a large, . . The ore is being processed through a 500-to- n per day mill on the mine property. The size and special characterists of the ore body permit mining with large rubber-tire- d equipment, Stalheim said.' The ore is being lifted 7Q0 feet through a new shaft, then hauled out of the existing three-compartme- nt tunnel.- - The mine is owned by Camp mass as contrasted with a vein deposit. Stalheim Bird Inc.. a Colorado, said the deposit was discovered wholly-owne- d of subsidiary .Federal Resources. v(wo years .ago. v.v.v.v flat-bedd- ed |