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Show JUNE 15, 1970 Family Achievement acquiring control of Utah oil company Achievement exclusive Canadian rights to the Family oil-san- Ball-Woo- d. d, Ball-Woo- Ball-Woo- d, Copper firm official urges price boost NEW price of should be raised at least copper 64 cents a another four cents to pound, James Boyd, chairman of Copper Range Co., said Monday. YORK-T- he Boyd told a meeting of analysts there is a security balance of supply and demand in copper at a price between 64 not and ,66 cents a pound-b- ut 60 cents. Copper Range moved up to 60 cents early in 1970 and was not joined at that level by its Brokers. Undorvtritars. A Mining Companios . Since Jan. 1, 1969, the U.S.. copper price has risen by 18 cents a pound, or nearly 42 per cent. In January 1970, shortly after the major producers posted a four-ceprice boost, the Nixon Administration launched a study of copper pricing that centered mainly on the gap between the U.S. price and higher foreign prices. The gap between the foreign and domestic price, which was creating difficulties for some nt independent U.S. copper Prospectuses Financial Statements Stock Certificates Sell Orders, Etc. May PRINTING & LITHO 487-07- 68 or 2700 298-37- 03 Berliner, Unity board chairman, said last Capital Corp. has Tuesday only that the deal was called off its merger with called off because certain of the in Interphase Corp., parent terms ofto the agreement be could not merge company of Weston Co., a Salt principle Calif-Unity met. WEST By Chuck Hayward columnist Jack Anderson has drawn a bead on President Nixons nominee to head the troubled Prof. J. Richard Lucas of Virginia Bureau of Mines Polytechnic Institute. Professor Lucas, according to has extensive stock holdings in the mining Anderson if his industry which he will be responsible for regulating appointment is confirmed by the Senate. Merry-Go-Roun- d , Anderson claims Prof. Lucas has a fat, $205,000 stock portfolio. His holdings include $144,000 worth of Union Miniere de Haut Katanga and $25,000 worth of International Mineral and Chemical. Union Miniere is the controversial, Brussels-base- d copper seized were the in whose Congo properties mining company by the government in 1967 after the company had supported the secession of Katanga from the Congo. The Congolese authorities also charged that Union Miniere had been extracting profits 20 times the size of its capital investment. Florida, New Mexico, Wyoming, Mississippi and Canada. Also, according to Anderson, Lucas has done considerable consulting for the coal industry which, while not unusual for a professor, lends credence to his critics charge that he is too close to corporate management to be an impartial enforcer of the tough new coal mine safety law. Although Anderson presents some very valid arguments against Prof. Lucas appointment to the BuMines post or at least evidence that his appointment should be very closely considered unfortunately his study degenerates to rumor and hearsay. For example, he reports on the claims of two former students of Prof. Lucas that they felt him to be so poorly so prepared that they considered approaching the university administration to ask that he be fired. Naming the two students and quoting their belated charges (this was in 1960) does not make their allegations true. Particularly since they never did actually take any action. Anderson also hints at some allegations that he plagiarized part of the work on his doctoral thesis, even tossing in the name of the FBI, but the only specific proof Anderson presents that such an allegation even exists is that his staff so informed Dr. A.H. Lindley, Lucas thesis advisor and the man most familiar with the work. Dr. Undleys reaction was about what you would, he was flabbergasted at the allegation and was expect absolutely convinced that Lucas work was original. But as distasteful as this type of journalism is, the columnist drops to even greater lows when he brings personalities into the picture. Anderson attempts to cast doubt that Lucas is qualified by temperament and background to take over the Bureau of Mines, which Anderson describes as plunged into chaos with the enactment of the stringent new health and safety law and the firing of the capable John F. OLeary as bureau chief. Merry-Go-Rou- only by the Offering Grcular. Shareholder Reports COUTH W. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made facilities for 947 Exchange spot price closing at 66.2 cents a pound. Some U.S. producers have been calling for a closing of the gap for several months. Late last year, for instance, the U.S. price was 52 cents a pound and the gap was about 28 cents. Since then, the foreign price has come down about 14 cents and the domestic price has risen eight cent to meet it. Boyd said Monday the rest of the gap should be closed by the U.S. companies if the foreign price stabilizes around current levels. Lake City brokerage. Printing & Mailing Buy1, with the London Metal Unity off Merger of Weston,Donald -- Your Noods II : fabricators, was about 19 cents a pound when the inquiry began. By Monday it had narrowed to a bit more than six cents a pound, NEWPORT BEACH, Understand a few International Mineral and Chemical is an Illinois-base- d firm which owns phosphate, potash and feldspar mines in domestic competitors until early in April. The company had been charging more than other U.S. producers since the spring of 1968 following an 8 1 industry-wid- e copper strike. Wo chuckin' Achievement sold its interest in Island Park Estates, and acquired 250,000 shares of Carriage Mark, Ltd., a Canadian corporation. Carriage Mark is in the process d extraction process of Institute, Inc., Salt Lake City, is branching out into the minerals Major Oil Co. Vananda also extraction business, it was owns 49 of The shares of Vananda stock revealed in the companys are currently held in escrow by of developing a chain of annual report for 1969. The company, owner and the Vancouver Stock Exchange neighborhood convenience centers in Canada. operator of Valley Music Hall in in Canada for later release, shopping The company is also North Salt Lake, owns 51 of according to the terms of the purchasing 132,000 shares of the outstanding capital stock of escrow agreement Other areas in which the Dolphin Marine, Inc., a company Inc., a Utah which has developed a new corporation which in turn owns company has holdings include certain rights to the Major Oil the outdoor recreation field hydraulic drive for marine engines. The new drive promises Co. process of . extracting oil where the company has acquired a 100 interst in Camp Inns of reduced costs, reduced friction from bituminous oil sands. d and Major Oil will America, and an equity interest and increased reliability. Patents be joint venture participants for in Caravan Trailer Lodges have been applied for on the the extraction of oil from sands International, Inc., a Canadian drive. Family Achievement has more corporation of Vancouver, B.C. currently owned by than 3,200 stockholders, The company also owns a Family Achievement is acquiring the 51 interest by contract for 50 interest in CamParks of according to the annual report. are fruitful, $25,500 in cash and investment America for an investment of If negotiations be called shareholders upon may stock. $47,500. CamParks currently on vote the to in proposed in a also trailer has Achievement park operation Family owns 81,090 shares of Florida and another under acquisition of Castletons, Inc., a investment stock of Vananda development in Mobile, group of quality retail clothing stores in Utah, at the annual Explorations, Ltd., a Canadian Alabama. in late June. be corporation, which owns the During 1969 Family meeting to held Ball-Woo- PAGE 3 OIL & MINING JOURNAL APRIL 6, 1970 NEW ISSUE 2,850,000 SHARES (Common Stock $0.01 Par Value) TERRA WEST CORPORATION OFFERING PRICE: $0.10 PER SHARE Copies of the Offering Circular may be obtained from the undersigned only in states where the undersigned may legally offer these securities in compliance with the securities laws thereof. - BONNEVILLE SECURITIES, INC. 601 Kearns Bldg. Salt Lake City, Utah (101) 322 - 351S nd Enforcement of the law has been a peculiar mixture of overzealous strictness and total non-enforceme- according to Anderson. Enormous pressures are building up on both sides, with the coal industry seeking to l' the new law and a handful of congressmen pushing for its strict enforcement. soft-peda- Lucas, a kindly, obsequious man, according to who makes no secret of his passionate Anderson, identification with the coal industry, will need a strong administrative hand if the bureau is to be rescued from its present plight. Anderson's choice of phrases leaves little doubt that his report on Dr. Lucas is nothing more than a hatchet job, and his rhetoric leaves us wondering who it is that wants the Polytechnic Institute professor out of contention for the top BuMines job. - - r |