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Show OIL & KMING JOURNAL vp Vooi7 Q!Ddq7 00 RICHARD BLACKBURN a Dear Mr. Blackburn: 1 noticed a U.P.I. story about President Nixon's brother being elected to the board of directors of Oceanographic Fund. Where ' noticed a UJI. story about President Nixon's brother being elected to the board of directors of Oceanographic Fund. Where can 1 find information on this fund? D.C. Miller V.I - Dear Mr. Miller: The potential of the sea for the world 's exploding population is very interesting. Under separate cover I have mailed you a prospectus on this fund. If any of our other readers would like a copy, merely send me a long, stamped, for a free copy. envelope self-address- ed interesting column, keep up the good work. Chuck Pierson, Pacific Beach, Calif. On January 1, 1970, Sun Tide acquired 100 interest in Superior Mechanical Co. of Fort Worth, Texas. Superior is a refrigeration heating, firm in Worth. Fort contracting In February 1970, Sun Tide Corp. acquired apartment properties valued in excess of $216 million and located in Arlington, Texas. Payment for the properties was in the form of cash, stock and mortgages." long-establish- of Salt Lake City, reports it has been informed its first well in a three-weWyoming drilling Investestate, ll program with Classic Mining has produced oil. S. Stanley to shareholders, Adams, president, said that Classic Mining, operators and co-owne- of the rs has notified Investestate that the well has produced oil and natural gas in undetermined ed Dear Mr. Pierson: Thank you for your courtesy. Sun Tide Corp. is headquartered at 1216 Pennsylvania Ave., Fort Worth, Texas 76104, if any of our readers care for more information. Dear Mr. Blackburn: I am confused. Are there twro Royal Inns" being built in Las Vegas, Nevada? My decision to buy stock is also confused because there seems to be two quotations. Please advise. Name whithheld on request. Continued on Page 7 encountered in Gassics previous wells drilled nearby, Adams said. known as the Cedar Crest apartments, and also the Adams said the well is reportedly being fracted and will be completed and prepared for testing and production as soon Apartments located at 3602 So. 9th East in Salt Lake City. Heritage House is a new, 46-un- it development. Adams said the acquisitions are the result of numerous evaluations and promise to provide Investestate with a strong foundation to expand upon. He said the company plans to levels He said Gassic lias him that drilling on second well will begin as possible. informed the well, shortly. amounts. The company has retained an independent petroleum engineer to supply the company with current valuations. Classic informs us that the Investestate Classic well, located in the Overland Dome area of Carbon County, Wyo., is producing oil from the same 1 Dear Mr. Blackburn: Enclosed is information on Sun iTide Corporation for your reader, Mr. Bilancio of West Orange, N.J. You have a most Adams said Investestate has purchased a twelve-ple- x apartment house in Salt Lake City at 1936 So. West Temple NEW YORK Cousin Herb, Aunt Edna and all the other little people in the stock market appear to have an ally in Congress in their struggle to avoid increases in brokerage commission charges. After the Securities and Exchange Commission allowed the stock exchanges to add a surcharge of up to $15 on transactions of 1,000 shares or less, Harley O. Staggers, W.Va., chairman of the House Committee 'on Interstate and Foreign Commerce, took Homer Am ex Corporation of Salt Lake City, has announced it has acquired the stock and asssets of Dental Alloys, Inc., a closed Utah corporation organized for equipment to the medical and dental professions which is also in the minerals extraction H. Budge, SEC chairman, to task in a letter. Staggers noted that Budge had assured him on March 4 that no action would be taken on commission charges until carefully analyzed. While the surcharge did not technically constitute action, you and I know that this surcharge is designed as a way to increase commission rates. ..interim changes such as this, once established, have a way of lingering. In a said the assets were acquired through the issue of authorized but previously unissued investment stock of Amex. Dental Alloys was organized in 1968 as suppliers to the medical and dental professions, but early saw that the highly speculative demand for mercury an essential raw material for its manufacturing business. letter to shareholders, Amex president Alden S. Gibbs needs presented the possibility of effecting significant economies by Monthly Recommendations for Government "Lease Drawings" GEOLOGY Alaska Colorado Montana New Mexico INVESTMENTS WILLIAM E. SWANSON P.O. Box 6384 Denver, Colo. 80206 Utah Wyoming Profits an Image EVALUATIONS CONSULTANT Phone (303) 722-513- 6 Build ? Create Western and Company, Inc. INVESTMENT SECURITIES DISPLAY AD INVEST WITH OUR 298-240- MARKET SPECIALISTS OVER-THE-COUNT- ER Only $2.00 a column inch. Deadline: Wednesday proceeding desired publication dale. 3 and one of our creative represenCdh tatives Vfi.1 assist you. broaden its portfolio by developing and building some projects that will' utilize a creativity and uniqueness that will become hopefully Investestates image. Staggers went on to note that the exchanges set minimum commissions and wonders what prevents any firm that is unprofitable from charging higher than the minimum. If this entire effort for higher rates is based on and justified by a need for higher profitability on the part of some stock exchange firms, why cant the matter be resolved by having those firms in need of higher profits charge a rate above the exchange minimum? Amex acquires Dental Alloys distribution of supplies and Can Heritage House Garden Solon raps trading fees increase the manufacture and Ycd 11.1970 Investestate reports on first Wyoming oil venture In a letter Dear Mr. Blackburn: May of searching for mercury properties, the management also found some uranium properties, according to Mr. Gibbs. He described the mineral properties of Dental Alloys as; Mercury properties at Brady Hot Springs near Reno, Nev., where the company owned six claims embracing some 1 80 acres. Sample ore shipments on the property proved to be very favorable, and plans are under way to build a concentrator at the mining site, Mr. Gibbs said. Mercury properties at Tonopah, Nev., where the company owned 21 claims, subject to an overriding royalty. Asscssemnt work has been completed on the property. Uranium properties at Marysvalc, Utah, embrace 40 claims. Considerable drilling work has been done and high grade ore shipped to the Moab mill. Gibbs said significant bodies of ore have been blocked out and joint venture agreements arc being worked out with Helene Curtis, Inc. and other companies for the mining of the claims. Grace Steamship Lines and the Atomic Energy onductcd drilling activities on property, along with others. Gibbs also reported that 71 3B4-299- In the process lie 136 L South Temple Phone: 364-191721 L Charleston Blvd. Phone: 5 properties. Commission have, reportedly Salt Lake City 2000 Univ. Club Bldg. las Vegas developing its own mercury Provo 163 N. Univ. Ave. Phone: 7 374-825- )ental Alloys has been icgotiating with Nomura Mining o.. Tokyo, and others to joint enture the mining properties or export, and that Amex vould continue the nogi tiatirtns. |