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Show Up and Down the Street Investor Should Regard 'Facts' Before Plunging .compute what share would accrue ac-crue to Individual stockholders 1 even if production were obtained. Haa the firm qualified aa a Utah corporation, ia it Hated with the securities and exchange commission commis-sion ? 6. What la the liability of the partnership, joint venture or atock company both in term of making mak-ing good on contract aa well aa possible future assessments, atcT Dxlar.s Dividend Directors of Ashley Valley Oil Co. have declared a dividend of lc per share, payable Dec. 23 to stockholder, of record at noon, Dec. It totals an estimated 19000 and la the first paid by the firm from royalties received from production of oil at Ashley V alley field, Uintah county. B.ptrrt T.st Bre-.t$ By Robert W. Beralck Bait Lake- investors are pouring hundreds of thousands of dollars Into various plana or another connected con-nected with tha exploitation of oil resources. And although "oil la where you find it," many of tha eity'a bank-era bank-era geologiata and brokers are appalled ap-palled at what they term the "uncritical" "un-critical" approach many lnveetora make toward propoaltiona offered them. They grant that search for oil is a gamble even when under-1 taken by the biggeat of the nation's na-tion's aompanlea. FhtaaHal Coap And th oil Industry today still presents an outstanding opportunity oppor-tunity for tha "little fallow" to execute a financial coup. Tha Bun Oil Co. 'a government No. 1 Neal wildcat en tha Brush Creek structure, Unitah county, Wednesday 'waa drilling in the Phoaphoria formation below 1015 feet. - , That formation frequently haa been an indicator but not invariablyof invari-ablyof oil In tha Weber sand-atone. sand-atone. Bun's teat ia projected to th Weber. TrwnfaT.d to Coast Ketl A. Waterman, ms k. tttt Bouth, dtatrict rapraaantatlva her. for Phtleo Corp., Wednesday waa named chief ef th Ban Diego, Cal., district. Mr. Waterman haa aerved Phtleo distributors for 11 months in the intermo u n t a I n area. Ha waa a member mem-ber of tha Royal Canadian air force baf.r. ) Additionally, one never knows 1 1 when a small company may hit pay and be transformed overnight Into a money-maker. But there are certain "facta of life" which cannot be Ignored. Bom of them are well worth atudy before "making tha leap" Into what may be just another "duatar." What And Wb. 1. What la tha geology aad who la the geologist? Both tha geology and tha "geologist" "geolo-gist" can be wrong. But batting average la high enough when both ar good that no bank will lend . money on a drilling bet, for example, ex-ample, without security and a run for ita money. Check to see if the geologist ia a member in good, standing of a reputable professorial profes-sorial organisation. t. Security ia aaotbar angle. Ia there sufficient money in the bank to complete tba eon tract T Money ia caah oa aba barrel head. S. Who haa tha drilling contract. con-tract. What kind of performance bond la made, or are conditions of the contract such that the wildcat wild-cat can be completed with the tools to be used? What Is the reputation of the drilling company and contractor? Valid Iaae 4. How much land ia under lease and how valid are the lea toe ? In abort, it th company drilling an 40 acre and proving aomeone lee's aur rounding 1000 acres. I. If it la a atock proposition. Psarl Harbor and Mr. Walerrrou aerved aa a major in tha U. B. air force's air transport command during thia country's participation participa-tion in World War n. ' ' N.w S.rl.t Praa.nt.eJ International Harvester Co. Wednesday presented its new series of International trucks to the public. The 1950 ' line coat more than 135,000,000 In retooling and design. de-sign. They may be viewed at the farm's factory outlet her at 409 W. 4th South- |