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Show May 25, 1970 OIL & MINING JOURNAL PAGE 4 01T9 Am. Minerals, Ntl. Treasure Mines report W.Va. significant oil discoveries in Ohio, continuous WDM American RICHARD BLACKBURN Dear Mr. Blackburn: I have just bought stock. Now they tell me how much of a I dividend get each year and how much the stock pays per share. Do I get this amount each share, or does it go back into the company. Please answer this. Jack Hanafy. Dear Mr. Hanafy: a mutual fund, you have an option. Dividends earned from mutual fund investments can be reinvested., generally without cost, into additional shares of the fund. Or you can collect your mutual fund dividends in cash at the end of every three months. If you lumght common stock, you will receive your dividend on a regular Imis in the form of a check from the company. If you bought Dear Mr. Blackburn: I wrote you about FLICO's Johnny Box" and about Power Resources. In your column you reported that information about FLICO had been sent to me. Since I have not received it. I must assume that you are so busy you may have inadvertently forgot to send me the infor. Sorry to be such a nuisance, but when you have a moment, will you send me the info? Thanks. Victor DeCristofaro. I Dear Mr. DeCristofaro: The information on FLICO was mailed to you. As to Power Resources . last Fall the stock was selling in the 3c area and today cent. They own oil properties in Canada, it is bid one-hal- f property near the Salt Palace (convention center) in Salt Lake City, Ocean view property in California, and gypsum properties in Utah. They also are major suppliers of cinders for concrete firms in Los Angeles and Las Vegas. Continued on Page 7 Management. Inc., and National Treasure Mines. Inc., both Salt Lake Oty-basc- d firms, report two significant discoveries on jointly owned oil properties in Ohio and West Virginia. The discovery in Ohio is on the diaries Mct.ler lease located in Ashtabula the County, Recent companies report. drilling there penetrated a net 92 feet on Clinton pay sand, with visible oil saturation throughout the entire pay interval, reports say. Officials report that electric log analysis at the well verifies the extensive oil shows, with llow measurements early 17 million cubic feet averaging of gas and 50 barrels of oil per day. All current reports seem to indicate that this may be one of the richest strikes in Ohio history, the companies said in a news report. Completion operations arc presently under way at the well. The West Virginia discovery is at the Lula Legg No. 1 well, located in the Rocky Fork field exploration American Minerals Minerals and National Management Treasure Mines jointly oVyn to the properties adjacent Metzlcr lease and at various other locations in Ashtabula County, Ohio. Together they of a program anticipate 311 HIM Mil'll 1117 991 IsIpsciO QS0RAQI2t (is 25 Cents a Copy ' Subscriptions $10 Per Year Published weekly in Salt Lake City, Utah, by Charles E. Hayward of 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 84119. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sale responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. S 1 Advertising Rates: Display Advertising Classified Advertising Phone: 487-07- 68 Editor & Publisher $2 col. inch $2 for 20 words or 298-37- 03 1 chuck Hayward 1 miiiirjjijjjjijjjjiijiiiiiiijiijim s a L? On Monday, April 6th, 1970, some large national brokerage firms represented in Salt Lake City, added a surcharge to most transactions. The extra charge amounts to $15.00 per trade or 50 of the regular commission, whichever is lower, on any trade less than 1000 shares. Prince-Cove- y & Company has not added a surcharge!! & The result is that 100 shares of a $35.00 stock purchased at Prince-Cove- y er over-the-count- Company will cost you $36.50 in commissions. The same stock purchased from a firm adding the new surcharge will cost you $51.50 in commission. Think about it the next time you buy or sell a stock. & Company. Phone us at Prince-Cove- y "Does the surcharge apply to girls?" HOME OF THE AGGRESSIVE INVESTOR Listed and Penny Stocks, Bonds, Mutual Funds 29 East Second South 'i, . t Telephone (801) 521-383- 0 ' I 1 Salt Lake City,: Utah 84111 1 l s Second Class Postage Paid at Salt Lake City, Utah near Charleston. The initial flow rate on this well was determined to be in excess of twelve million cubic feet of gas per day, making it one of the highest initial producers encountered so far by area geologists, the report said. are Completion operations this presently being pursued on well also. of development these properties, the news report said. Negotiations for properties adjacent to the well in West Virginia arc also being finalized and further drilling is anticipated in that area. |