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Show Page 4 OIL & MINING JOURNAL v J 1 ,v 'vccwovv'-- . V X; .:. ..A- w.v X ..VA'M'. . y A : . '&' ?...;. ; ' .Ar' ' ' "a.v WV. ...'.. AM AJ wfc xvv-'- v - : Oilman Urges y--- i ' y X ; October 13, 1969 ' TVo ?cw.o f . .. MWy .. . v v- Joint x . ' 'WtwiewWWkv, x, ,4' ,fs , ' Canada Plan 3 ' ifr . US, DENVE- R- Glenn E. Nielson, of Husky Oil, told chairman members of the Rocky Mountain Oil and Gas Assn, that United States and Canada would both benefit, economically and in the area of national defense, if the two countries have an integrated program for oil and natural gas development. In his prepared speech he pointed to North Americas Brokers. Underwriters. & Minining Companies We Understand Your Needs Hi ' E.sil!i P oaf mf Magnesium is selling for about 36 cents a pound. Aluminum is running between 26 and 27 cents a pound. Our aim is to make the price structures are Three cone-lik- e part of spray drying and chlorinating complex. The holding pond is at the rear. cells. .y i 3479 SOUTH 2700 WEST 298-2- 403 aluminum cross, says E. F. Erbin, general manager of the magnesium Division of National Lead Co. Some time in 1971 the divisions Magnesium Project will begin operations on the south- west shore of the Great Salt Lake. It will produce some 45,000 tons of magnesium a year from markets and inceasing needs for the surpluses in the United States. Nielson quoted an American Petroleum Institute report to President Nixon, which said a EB coon God column of a new to increase present U.S. application cast Great Salt Lake brines enough puoduction by a third. In a luncheon address to Salt Lake Kiwanis Club, Mr. Erbin growing economy is magnesium. Erbin also showed his audience an illustration of the Mr. solar evaporation tilt-u- p steering SHAIHHOlPtRS AIDING MID Oil COMPANY Drawer AB Vernal Utah till P.O. country would depend m- With the free world dependent on overseas sources, foreign blocs would have every incentive ot attempt to exercise market power, Nielson said. He said the Rocky Mountain refineries may soon face and shortage problems because a and deficit area is approaching that must be supported by imported crudes. precipitation. Lake waters, he said, contain about three quarters of a percent of magnesium. This is increased to about eight percent in the solar ponds. The percentage is increased Named President again in a plant - holding pond. DENVER Max D. Eliason was elected vice president of the Western Division (Utah and Idaho) of the Rocky Mountain Oil and Gas Assn. Mr. Eliason, a vice president and 10 year employe of skyline Oil Co., was elected at the associations annual convention in Denver. Born in Hyrum and raised in Logan, Mr. Eliason graduated from Columbis University in Recovered magnesium chloride is converted to an anhydrous form and then FIRST WESTERN FIDELITY Real Estate Investment Trust 146 2nd Avenue Salt Lake City. Utah 3 October 1969 A Management is pleased to announce that on Wednesday, October 1, 1969 a Merger Agreement was executed by the Board of Directors of Hiko Bell Mining and Oil Company and Board of Trustee's of First Western Fidelity, A Real Estate Investment Trust. As a result of the Merger, each share of capital stock of Hiko Bell Mining and Oil Company presently outstanding will be converted into one share of the common stock of the corporation which will survive. Each share of First Western Fidelity will be converted into shares of the common stock of the surviving corporation. The name of the surviving corporation will be Hiko Bell Mining and Oil Company. 3-F- introduced as feed into the electrolytic cells of the dry-ce- ll reduction plant. Chlorine will be recovered as a byproduct of the electrolytic process and will be sold in the Northwest to the paper industry. The remainder will be sold in the Los Angeles and San Francisco areas 1956 A Special stockholders meetings for both entities will be called for the purpose of adopting the terms and conditions of Merger Agreement. It will be necessary prior to the calling of the special stockholders meetings to prepare and clear Proxy solicitation Material with the United States Securities and Exchange Commission. A .r 1 i' '- - NX C, ' VESTMENT SECURITIES Members Salt Lake Stock Exchange INVEST WITH OUR OVER-THE-COUNT- MARKET SPECIALISTS Salt Lake City 2000 Univ. Club Bldg. 136 L South Temple Phone: 1 364-197- BY ORDER OF THE BOARD OF DIRECTORS AND BOARD OF TRUSTEES lia,$aVesas 121 E. Charleston Blvd. on overseas sources for crude oil. ar magnesium. He cited a a requirement for a secure nation, and a prerequisite to military strenght. It pointed out if the United States adopts policies leading to decreased exploration and development activity, the for magnesiuelectolytic reduction complex which is two thirds the weight of now under construction near the alu But great opportunities are shore of the lake in northeastern opening for use of magnesium in Tooele County, He noted that the project now die casting and other structural applications. He noted that a has the equivalent of some typical automobile now contains 75,000 tons of magnesium in about eight pounds of aluminum concentrated brine, resulting headstart in and just a half pound of from a three-ye- potentialities ATTiNTION HIKO and gas and the growing lines of magnesium and outlined the market projects iA) s National Lead Co.'s Magnesium Project will look like this as operations start up in 1971. Sheds house electrolytic prime energy market, and the immensity of energy reserves awaiting development in .Canada and the United States. But, He said, markets and reserves must be joined before they are of value. He noted Canadas production surplus in every energy field --especially oil Provo 163 N. Univ. Ave. |