OCR Text |
Show THE SAX JUAN RECORD Thursday, March 22, 1956, Page 3 County Dozer Works on New Oi! and Gas Road Uranium IScivicws tr anwiv muwtM, Reports of the recent conven- 13 or 20 years hence will grow tion. of the Colorado Mining As- steadily. sociation and affiliated groups Still feeling their in Denver revealed pertinent and wav, the cautiously conservative bankers are interesting facts presented by discussing uranium ventures and speakers addreing the assem- considering the field from all bly. angles. Large eomnanies, particuCranium stocks are entering larly oil and chemical concerns a bright new period of respecta- are interested in getting into bility and acceptance by big con- uram'um, and the hankers are on servative investment houses. the lookout for good, solid, long-rangThey are becoming interested in psonositions Ttev know the young industry since it has their clients want to keen tin with begun to settle down. Wall Street the times and that they want exbanking houses scrupulously kept perience in what thevve decided their hands off uranium stocks is going to be a huiTe new indus- e during the frenzied speculative period of its development. Now ore they feel that blocked-ou- t reserves are substantially established and the threat of alternate nuclear fuel has faded. Last fall there was some fear that guaranteed government buying' of uranium production would create huge surpluses. Lately thinking patterns have changed and the consesus is that while some surpluses may exist in the next few years, great demands try The pennv stock boom followed the pattern of manv before it in the mining and petroleum industries. Fiftv years ago the oil v I V. " ;r -- v r x ' . I;4 - f s y - TO ALL L . v V 7'7' V-- -- 2 MON .,V V more ' - V 5 w .. . y?y.-,.- ''j, 7 7 ' c - . ' , r ? - V , d - .. . v V 7' . . c V lhe Cater Oil Company Scouting Division Denver, Colorado Summary of Wells Drilling Week Ending Wvoming: Commercial Classes Prepare Cyclone Ridge WC: NW NW The commercial classes of M Ralph E. Murphy H. S. are preparing for the ComNo. 1: Drilling at 5025 Etal mercial Contest to he held at Twin Rocks Unit: SW SW Price, Utah April 20. Two entries Twin Rocks Unit Bookfrom Shorthand, two from No. Set at 462 with 103i keeping. two from Type I and 323 sax. Present total depth two from Type II. 1132. Shut down for repairs. Maughans dinner honoring the team, and to the Lions Club of Monticello for the Luncheon to he held next Monday, March 26. Mnsoita! News - POLL THE FLOG Babies born at San Juan County hospital made proud parents Oil STOMACH UPSET a of Mr. and Mrs. Frederick Roheadachy, when constipasours stomach? gers who had a boy on the 8th tion .a zi-.H 'l relieves constipation overnight. of March; Mr. and Mrs. Mons Helps sweeten sour stomach too. . .. an MtOU II Idi .'idul - - .v vuU making Smith, Sweetener Mr. Works Overnight! girl, also on the 8th: road. The road is reportedly being built to open up the area for oil No harsh griping. Made from pure and Mrs. Clint Palmer of Bland-ing- , herbs. Record photo Thoroughly but a girl horn the 12th; Mr. and vegetable gently uncorks clogged intestines. relief in morning comforting Leroy Smith, hoy, born Brings Then life looks sunny again! Get plestilt'kin. Exact tune and pri- Mrs. Mrs. Mr. March and 14; Ralph ces will he mentioned in next today. ; Powder or Granulated form . . and weeks Record. The Jr. class is Hunt, a daughter born the 15th; now in new, Tablets, toot When constipation sponsoring this outstanding pro- Mr. and Mrs. Carl Robertson fORUCHtlDREN sours children's di came tjte 19th gram, and it Is one not to be whose baby girl gestion and disposition, get 6yrup of To Re Presented love this of Mrs. and Ilays liquid Darrel They March; Mr. nissed by young and old. Twelve members of the Carbon SUPPORT THE LOCAL SWIMMING POOL FUND College Theatre-TourinCompany Redheads Flay Here from Price, Utah, will present The Redheads, two plays and a variety program !n the High School Gym, Friday, girls pro. basketball team, plAyed in Monticello, March 20, at the March 29. Their opponHigh School OFFICES FOR RENT The play for the adult audience ents were the Gym. Monticello vill be the popular comedy, My team. Three Angels. For the children IN THE BANK BUILDING troupe will present Ruin Green River Festival The speech class has entered the INQUIRE AT THE LAW OFFICES OF ing company with sound prosFestival to be Regional Speech pects provided by any sizable par- held at Green River, March 26-2investment ticipation by Adams, Peterson and Anderson SubThe boys one act play, would probbanking interests, will be entered, also 2nd FLOOR BANK BUILDING ably have better access to big merged, resources, not only financial but retold stories, orations, dramatic also technical skill and experi- readings and a pantomime are acenced financial management. going. Mrs. Don Olsen will With such a connection a small company the group. company would probably find it DR. B. A. BROUGHTON Dance Held easier to encourage large mining A Record Hat Dance, sponOPTOMETRIST companies to participate in the sored by the 7th grade was well project. EYES EXAMINED IN MONTICELLO (Old Chnrch Bldg) At .first big banking houses attended Friday, March 23 In the EACH FRIDAY would not ask the public to join M. H. S. Gym. A prize was given in the ventures they were test- to the couple with the cutest OFFICE PHONE 73R4 ing. Not until these risks were hats. or Call Mrs. Helen Redd 103-Rfor appointments vindicated would they feel free to School Extends Thanks ask the public to put money out Will be in Blanding each Thursday. The faculty, basketball team, for stock subscriptions. However, At Gateway Motel. Call Mrs. Opal Black the fact that they were partici- coaches, and student body of M. PHONE 5R2 FOR APPOINTMENTS pating would reassure the invest- H. S. wish to express special Mr. and thanks to the following; ing public. e, Black-Draug- U - UUiidOZC -- a cut on the new McElmo Canyon and gas operations. So theyre becoming in- .v, Ivativt-StoDiac- Black-Draug- ht h ht . honey-swe- i g te big-tim- e Quotations from the J. B. Gram and Bean, Monticello, Utah. 5.35 Beans 3.20 ueat Phone 2321 .. r V Half-aliv- A-- Market Quotations MEMBER F.D.I.C. k. ' a - v. now. DOVE CREEK STATE BANK Tick-toc- r-- x-iv'jKv- terested in pooling their best ore prospects with the idea of then presenting a promising investment situation to the bankers and seeking strong financial backing. I know of several such joint ventures that are being worked out right now. There will be others in the months ahead. Theyre signs of maturity of the uranium business. The struggling uranium min- - Today! Dove Creek, Colorado - - . venture. But the smarter little companies are fast becoming aware that the responsible investment community will listen to them bills by check. Open an account MATTERS 4- S' yU . convenient and saves time to pay EY d Rogers, a boy also bom on the 19th and Mr. and Mrs. Melvin Dalton whose son arrived the same day. - J . Your Check is as good as Cash! safer, - X few years. The investment of millions in uranium securities and ownership of mine properties by such concerns as the Atlas Corporation its . M . - industry went through an identical metamorphosis and has set tied down to a comnletelv respectable status onlv during the las Youll discover 'v v y ?Lr7V,V' "i- , ' V v big-tim- e GUIDEPOST -- S., :' The Anaconda Company and the American Metal Company has favorably influenced the viewpoint of banking men. Munroe F. P i 'her, formerly an 'ttorney with t' e Atomic Energy Commission and now a New York cgal consultant, was asked how the new attitude of Wall Street is likely to affect small uranium operators. The httle companies generally do not have large ore reserves, he said, but together their claims add up to majority of the available public land in the west. They have the property, even although individually they cannot afford to do much exploring. A proper exploration program these days is a costly, YOUR -. . 3 4 - ' Mrs. Barney Duncan of the Out West Cafe for their free meals to the basketball team and coaches; Mr. and Mrs. Ransdall of the Lariat Cafe for their meal; Mr. and Mrs. Milton Nielson for their lovely dinner; Mrs. Ralph Butler for her free dinner; Mr. and Mrs. Gordon Wocxl of Woods Department Store for their free "ifts to the team; Mr. and Mrs. Bud Corbin for free movie tickets; to Coach and Mrs. Dale .. tich-toc- h. We will pay you 10 per mile from your city to Grand Junction, if you purchase a Mobil Home from us. the whiskey that didnt watch the clock . . . . Also you participate in our Sales Contest. YOU CAN WIN UP TO $500 CASH seven long years!f WE FEATURE EASTERN MADE QUALITY TRAILERS AT VERY COMPETITIVE PRICES Superior from the - start,,, after seven years PROSPECTORS SPECIAL 41 Ft. Elcar, 2 Bedroom Supreme! - $4495 We are franchised dealers for Elcar, Hart, Stewart Nomad Cadinal, and Tavelmaster Stream-lite- , Mobil Homes of Destinction sure to see us or at least call 2451, Grand Junction for the best deal obtainable anywhere. Be Kentuckys Finest STRAIGHT BOURBON WHISKEY i 86 PROOF 7 YEARS OLD Straight BOURBON OLD CHARTER DISTILLERY CO., LOUISVILLE. 2440 W. Broadway, Denver KY. or 2485 Highway 6, Grand Junction Jt |