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Show August 11, 1969 OIL & MINING JOURNAL Anaconda plans massive domestic expansion K. BUTTE, MONT.-Mar- tin Hannifan, general manager of Anaconda Co. Montana operations, announces that are scheduled six accompanied by reactivation of operations now a week. some of the company's old concentration plant in Anaconda Anaconda Co. announced a and utilization of the company's 24 per cent reduction in the zinc producting properties quarterly dividend rate to closed last Friday. conserve funds for future Hannifan said work will start expansion of its domestic have to the immediately operations and ore reserves. Annaconda plant in operation The company which recently by Aug. 25. consented to sell the bulk of its Hannifan said ore will be copper operations in Chile to the copper ore production from the Berkeley pit in Butte will be increased by 7,500 tons per day. The boost will be INTERPHASE Trust ATransfer Inc. transported from Butte to Chilean government, also Anaconda and the CORPORATE EXEC production rted Wgher profit8 fot the second quarter and first half of f'T"1 to,nqT 150 additional jobs m 1968, reflecting in large part the Anaconda concentrator, the effectg of the 19578 copper railroad used to transport the gtrike on its domestic operations ore between the two towns and in the early months of 1968. other services. The board dimmed the Hannifan said operations of quarterly dividend to 47.5 cents PROPOSAL: Economical, accurate I stock transferring 5 Day II transfer service OLeary in Idaho program to transfer your corporate securities. POCATELLO, For more information concerning Trust & Transfer Inc. 1 1 or call 96 v.v v.v .... v.v v.v CLAIM THE KEY TO A NEW CESSNA! m :W: i IT'S INVENTORY TIME! ...AND TIME FOR CLOSE-OU- T FABULOUS DEALS ON 1 I I iI v.v I v.v 1 S v.v ; ....... m recommend, John F. OLeary, director of the Bureau of Mines, offered some suggestions on improving the public image of the Idaho mining industry at the annua! meeting of the Idaho Mining Association here OLeary said that the mining industry must recognize and understand the changes that have taken place in our society. Our citizens now live in cities, have money to spend, want to escape into the hillsides, and are appalled to find that the mining New 1969 $ 182-Skyla- ne List $23,715.28 TRANS-WES- T NOW 19,645 cooperation with organizations like the Bureau of Mines, the State mineral-resourc- e agencies, and the mining school and universities that are working toward a reconciliation of mining industries and those of the public at large. OLeary pointed up the need for help to further the Shareholders of Horse Canyon Uranium, Inc., of Salt Lake City, will be asked to approve a reorganization plan and merger with a California firm, and an alteration in the capitalization of the corporation in a special meeting called for August 23. m SCURITIES COIUOHATION m in Broker-Deal- er STOCKS - BONDS - MUTUAL FUNDS offering Specialized Research in the market Write for our current research bulletin on BULLION MONARCH We invite you to visit our office or call for Quotes. over-the-coun- properties in Montana available for immediate development. One is in the Stillwater District near Nye. Anacondas second quarter profits rose to $32,605,000, or $1.49 per share, from $14,746,000, or 67 cents per share in the 1968 period. First half profits were $58,431,000, or $2.67 per share, in 1969 and $31,432,000, or $1.44 per share, in 1968. a mining technology that can minimize the need for costly regulations, and stressed that no opportunity for positive, constructive action should go unrealized. slowly and patiently be restored. In the meeting, to be held at 10 a.m. in Suite 300, 141 E. 1st South, Salt Lake City, the board of directors will ask stockholders to approve a merger between Horse Canyon and Major D Corporation of California. It is proposed that Major D will merge into Horse Canyon, with Horse Canyon (renamed Major D 35 NORTH UNIVERSITY ter AVENUE--PROV- O, TELEPHONE (801)375-257- UTAH 84601 0 SALT LAKE CITY TELEPHONE 328-444- 4 corporation. Major D has 1,111,440 shares of common stock, par value 10 cents per share, issued and In the outstanding. reorganization it is proposed .that Horse Canyon amend its articles of incorporation to change its presently authorized capital stock of 20 million shares, par value of one cent per share, to 5 million shares of common stock without . par value. Horse Canyon would issue INTERNATIONAL AIRPORT 2382 W. 580 No. SALT LAKE CITY, UTAH 84116 Ph. 322-1651! I one sliare of its no par value common stock for each share of the issued and outstanding slock Your One-Sto- p Engineering Store . . . of Major I). In the reorganization own capitalization, Surveying Equipment Sales-Repairs-R- I that it has important Corporation) as the surviving ....... AIRCRAFT SALES I and "Doing all of these things, and doing them conscientiously should help substantially to improve your public image," OLeary continued. But, be for the prepared improvement to come slowly. Just as your reputation, in the eyes of the average citizen, slowly has become unsavory, so it must He also asked support and v.v 1 activities to boost its ore reserves OLeary cautioned. those changes will imply, w. can save: will accelerate its exploration Horse Canyon to eye merger value-packe- how you He said Anaconda development of 1 d Right now is the best time ever to make a deal on a new 1969 Cessna Model 150, Skyhawk or Cardinal! If you're ready for new airplane ownership, come in and make a deal. ..and claim the key...climb in and take off. During inventory close-ou- t, the door is open... see us now for details on the Cessna Key Plan! Heres an example of had no diversification and expansion of domestic and foreign affiliates. industry has left scars. They demand that the countryside be left as it is. THE INDUSTRY must try to anticipate the changes that will occur, and the public needs that v.vI NEW 1969 CESSNAS! WITH THE CESSNA KEY PLAN! i ile patented and recentjy miraculous remedies to INTERPHASE 353 East 200 South Salt Lake City, Utah 841 Idaho-Wh- admitting that he the BEST stock transfer agency available contact 801-322-16- beginning with a payout Sept, 16 to holders of records Sept. 5. C. Jay Parkinson, president, week to meet the new production schedule. Pit Unique computer stock transfer III from 62.5 cents per share, some Berkeley equipment will be expanded to seven days a said the compa y plans combine the orderly reduction of its participation in Chilean operations with 'substantial entals OFFER EXPIRES SEPTEMBER 15, 1969 123 East 2nd So. V. 355-171- 3 of its Horse Canyon would excliange one sliare of its no par common stock for each 100 shares of the corporation's presently issued and outstanding one cent par value common slock, according to the plan outlined and approved by the directors. |