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Show August 18, 1969 Crescent General to buy firm A preliminary agreement has been worked out for the acquisition of the assets of Chloro-Guar- d Electronics, Inc., a closely held Crescent General Corporation, a publicly held California corporation. Theodore Holstein, president of Crescent General, said under the terms of the agreement Crescent General would acquire s assets for all of Chloro-Guar- d an undisclosed number of shares of Crescent's common stock. Final consummation of the is acquisition subject to qualification' by California's Commissioner of Corporations. Crescent General shares are traded OTC and over the Salt Lake Stock Exchange. Chloro-Guar- d Electronics has been existence about five years, and its owners developed and patented a new method of generating chlorine, ozone, and free radicals from salt solution by electrolysis. The chlorine generated by this method has properties significantly different from chlorine produced by conventional means. Chlorozone, so called because of the high concentration of ozone in the chlorine solution, has important applications in industrial, medical, military, domestic and recreational water purification, to according Holstein. Some of the more important no no til on on of chlorozone are extremely high bactericidal action, lack of irritation to living tissue, lack of taste and odor at relatively high concentration, and complete safety in handling and manufacture, Holstein properties California by corporation, said it is expected Holstein that the generators for a variety of users will be a major source of income in the near future for Crescent General Corp. He said the company plans to go into large scale production. m iiVi'iVi Va...--I VV.VA 1 1 1 1 v.v. FOR SECURITY CLASSES .v To qualify for Utah State and Securities Test EVENING CLASSES I I Iat 000 I RogblraHoa 6 6 mh. to 6 p.M. to 6 pji. to 6 pRL to 6 to pj. A- - 27 21 HW 30 pj. I O.M. I p.m. I pjR. I pja. I pJH. I pja. to 5 pjd. DAY CLASSES : m Registration 1 27 Amp. 21 Aag. 29 1 H i I 1 1 pm. to pm. to pm. to i Phone 521-67- 5 pjm. 5 pjm. 5 pjm. I Securities Commission 1 SMI: I in on on on on on no on Good Investment i F0RAN ENTIRE YEAR 0F WEEKLY MINING & OIL INFO JUST CLIP AND MAIL THIS COUPON r In its August monthly economic letter the bank said: "It is a matter of simple arithmetic that if we were to continue decelerating at the same rate as we have since we would be in a recession by early next year.' mid-196- 8, Price increases speeded up to nearly five per cent in the first half of the year and "to some people this means inflation is out of control and that fiscal and monetary restraints have been overwhelmed by inflationary expectations of businessmen and "The crucial question facing the U.S. economy today is whether or not the rate of real economic growth can be kept from falling below its recent range of between two and three per cent," the newsletter stated. 70 Clouts conducted by Jock Aimwii, but. Ftnmtf director ef Utah State The "pessimistic conclusion" that inflation is out of control "runs counter both to logic and abundance of historical evidence," according to the First National City Bank of New York. unions," the bank said. p.m. to 5 pjN. Room 308 Boston Bldg. w ft (fhlFT JM JLi V J. $1IU m 12:45 pjm. Asp 26 By Chuck Hayward m m SALESMEN NASD few Chloro-Guar- d reports. I chudrin of production N The bank notes that real economic growth declined from an annual rate of more than six per cent in the first half of 1968 to 2.6 per cent in the first quarter of this year and 2.3 per cent in the second quarter. Although the force of fiscal restraint "is largely exhausted, we have only recently begun to feel the full effect of the initial dose of monetary medicine injected in late 1968 and early 1969, the bank claims. The Federal Reserve System has monetary moves since December 1968 to limit credit and the money supply. The effect of further restraint applied during the spring and summer will be apparent in the months ahead. However, certain signs of impact are already visible, including continued softening in consumer buying, intensified pressure on profits, some cutbacks in scheduled capital outlays, a sharp decline in stock prices and an easing of credit demands, the bank made-variou- s said. emws thHKe reoe eto iee lemssee tmee eeeii "Now the burden is on monetary policy, and once again economic theories are being put to the hard test of experience," the bank letter concludes. PUBLISHER: P. 0. Box 19243, Salt lake City, Utah 84119 PleaM enter my subscription to the Becky Mountain Oil A MINING JOUBNAl Name R Page 3 OIL & MINING JOURNAL Address City CHECK ONE: One Year $10 DilUlVljilSi In other words, the U.S. economy is a big old boat, and changing directions takes a judicious application of rudder to keep from overreacting. CORRECTION: State 2 years $18 Zip Code 3 years $21 Inquire about our special rates for mailing the journal directly to your clients The photo of a gas well shown on our front page last week was confusing to some readers. It portrayed a well in American Minerals Ohio field where a new find was announced. The headline and a portion of the story dealt with the sale of output from the firms Colorado properties, however. A misplaced paragraph in the story didnt help matters, either. |