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Show Western O i; fj4- $0feW9 i4iON-CIRCUCATI- & v -o X V A,3 - - -- Bulk Rate lT. & C. Postage PAID $r O -- Salt Lake City, Utah Permit No. 2091 K Brokers seek more info from companies Ov6Tth companies Intermountain trading through brokers will be invited to say more considerably about themselves in a new form being distributed Association Intermountain Over-the-Count- the by of Broker-Deale- r. cr form asks voluntary disclosure of key bits of information to the corporate The broker-dealer- s. It asks the status of charter, the date of last dividend, whether the company is under a suspension order, whether it sends out annual reports, a list of officers, and directors, the . identity of stockholders owning more than 10 percent equity interest, the identity of control groups, the financial condition and activities, the method of revival if the corporation was a shell and filing of any or 10-the with SEC. reports Aim is to enlarge the 8-- K K MINERAL PRODUCTION THROUGHOUT WEST was at a record high during 1969, according to reports from the Bureau of Mines and state offices. Dollar value of production was also up. Northwest production up The total value of mineral production in the four Pacific Northwest states during 1969 was S555.6 million, an increase of $67.4 million over 1968, the Bureau of Mines reported last week. Montana and Idaho accounted for all of the increase, with Washingtons and Oregons value of mineral production decling slightly. Leading was Montana with a valuation of $285.7 million for a 25 per cent increase over 1968. The value of Idahos mineral production rose more than 10 per cent to a record $126.1 million, with the Coeur dAlene Mining District accounting for about $65.4 million of the total i $72.9 million production of. silver, lead, zinc, copper, and gold last year. Mineral production in Washington . was estimated at $80.-- 9 Million, less than a 1 per cent decrease from the year before but the lowest value recorded siiffce 1963. The value of Oregons mineral production declined 2.4 per cent to $62.9 million. It was the third straight decline from the record of $107.5 million in 1966, said the bureau. Montanas dominant mineral commodity, in terms of value, was petroleum, said the bureaus Albany Office of Mineral Resources, totaling $11-9- .1 million last year. Copper output in Montana rose 84 per cent in value and 16 level per cent from the pre-stri- ke in 1966. Production in both gold and silver increased, with the gold The United States Bureau of Mines has reported that Nevadas mineral industry has had a record $172.5 million output for the year. This is 44 per cent higher than the total for the previous year, the bureau said. Declines in production of iron, lead, and tungsten were more than offset by increased outputs of copper, gold, silver, mercury and molybdenum, said the preliminary report issued in Final statistics will show 1969 to have been the best in Utahs history as far as dollar value of mineral production is concerned, Paul S. Rattle, Utah the of Mining manager predicted Association. The total should be in excess of a half billion dollars, he said. With no serious strikes to hamper production, the copper industry produced an estimated 290,000-plu- s tons, the highest 1943. With a since production continuing strong demand, and good price, the high production rate is expected to continue into Washington Listed p.C. as signficant developments this year arc the start of Cortez Gold Mines in Lander County, an increase in the sponge melting capacity of Iron, lead, Titanium in Washoe County, the opening next week of the West Big Mike Copper Mine near Winncmucca by Ranchers Exploration and Development Corp., the relocation of the Nevada Schcclitc Divisionand installation of a second kiln by Nevada Cement Co. in Fcrnlcy. Earlier in 1969, during the height of the speculative market, over-thc- counter forms came under fire of the SEC for not having enough information on securities they were trading. The SEC was particularly critical of the rcsurrcctcd,shell companies and said it was going to insist that brokers trading these companies be able to offer as much information on them as if they were newly registered companies. voluntary information be forthcoming? Though there is no enforcement, a company can figure that the brokers will be just that much less inclined to trade in the companys stock if it doesnt come through, points out Mr. Johnson. Will Utah production billion over one-ha- lf 1970. Nevada mineral industry brokerss awareness of the stocks hes trading in, says Norman S. Johnson, legal counsel. and zinc production stayed on a plateau during the past year but an increase is expected next year, Rattle said. Uranium output declined in 1969 due to damage to the Atlas Minerals processing plant at Moab, but with the mill again in operation, production should increase. made during 1969 on the construction of the Progress was Great Salt Lake Minerals and Chemicals Corp. plant west of Ogden, and National Leads Magnesium Project moved ahead in its planning for a plant at the south end of Great Salt Lake. Brush Beryllium Co. its mill near Delta completed and began processing ore from its mine. Utahs 1969 petroleum production may be slightly higher than the 23,502,693 barrels produced in 1968, 'according to Max D. Eliason, vice president of the Rocky Mountain Oil and Gas 'Association. There has been activity in the state both in drilling and exploration, he noted, despite the fact that Alaska and offshore areas have taken a large portion of the available exploration dollars during the past year. Concern about the cut in the depletion allowance and possible liberalization of oil import quotas also has had a dampening influence on the industry in Utah as well as in the rest of the country, he said. |
