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Show AUGUST 17, 1970 OIL & MINING JOURNAL 0Gs VDat? D!5joy Continued from Page 4 Dear Mr. Doyen: When it comes to inheritance taxes you should have good advice for your specific situation. This column cannot do such an individualistic job when so many readers read the column. Most of our local banks have Trust Departments and will be happy to mail you a free folder on this subject. Pick the bank of your choice and phone them today for a free folder. Dear Mr. Blackburn: Going through some old papers, I found four shares of Chicago, Milwaukee, St. Paul and Pacific stock, in my Mother's names. She has been deceased for nine years. Is this stock of any value? I am her only survivor. Could I collect on it, or could it be changed to my name? Also, I have another question for you. How does one go about setting up a mutual fund for retirement purposes? I assume from your recent answer to a similar question that you thought this was a good idea for people who would retire before too long. My husband has three years to go before retirement. How much should we invest in it. Thank you. Name withheld on request. non-assessab- le Dear Madame: Yes, your stock does have value The certificate can be easily changed to your name. You will have to have a certified copy of the death certifiacte, a tax waiver, letters testamentary, and a nonresidence affidavit. Take these papers to any stockbroker with the certificate and the change can be made. Regarding you last paragraph, I most heartily recommend you mutual fund to consider investing in a quality, now. While there is no quarantee of future performance the past has been very rewarding and from available economic forecasts we can look forward to more and more inflation and a greater growth in America. Invest in a conservative mutual fund and instruct the fund to reinvest all dividends and capital gains until you are ready to retire. Then at retirement date you can take advantage of their check-a-monplan which allows you to withdraw up to 12 d while the balance remains invested. year As to how much to invest, this would depend on your needs, goals, and ability to withstand the ups and downs of the stock market. well-establish- ed th THOUGHT FOR THE WEEK: Many people are investigating food and real estate stocks for good reason. The world is facing a crisis. The population explosion is creating problems today that will be magnified geometrically in the next 15 to 20 years. The crux of the matter is: Too many people. It took the world from the beginning of time to 1900 to reach a population of Yi million people. Then it took only 65 years for it to double to 3.4 million. Then in just 10 years, by 1975, it will be over 7 million. At present rates we will have zoomed past 6 billion before the turn of the century. PAGE 5 Wonder where Yellow went? Its alive, well in the oil business If youre wondering where the Yellow went (Yellow Wing Uranium Corp.), it's alive and in West Virginia, operates an additional 5 gas wells in which it of has a 332nd royalty interest, and management investor-finance- d oil drilling and operates 16 other wells for funds registered with the ' third parties. It has 25,000 acres Securities and Exchange of oil leases primarily in western the West Virginia, Mr. Ryan said. Commission, and 2,800-squar- e a of PDC has a marketing exploration mile oil and gas lease in South agreement with Union Carbide Africa adjacent to areas Corp. to fill all the gas needs of controlled by British Petroleum, Carbides Clarksburg, W.Va. Shell, Mobil, C.F.P., Superior facility, and contracts with and U.S. Natural Resources, Inc. various utility companies to The company owns and purchase the balance of its oil operates 89 net oil and gas wells and gas production. oil and gas reserves, primarily in West Virginia; well in Bridgeport, West Va., and living under the name of Petroleum Development Corp. A recent shareholder meeting approved a 3 for 1 reverse split of the companys stock. Yellow Wing, which became Petroleum Development Corp. and acquired the assets of Beach Cities Petroleum Corp. and Petroleum Corporation of America in November 1969, also declared a 20 for 1 reverse split that same month. As a result, Yellow Wing shareholders of record as of November 1, 1969 will have their shares transferred into Petroleum Development Corp. stock at a rate of 60 Yellow Wing for every 7 Petroleum Development. U.S. Stock Transfer Corp., 704 South Spring St., Los Angeles, Calif., is acting . as official transfer agent for the company. James N. Ryan, president of Petroleum Development, reported to shareholders that Petroleum Developments Petroleum Fund Management Co. now has on file with the Securities and Exchange Commission FINANCIAL FORECAST an application to offer $3,000,000 of interests in its 1970 participating drilling program. PDC Petroleum Fund Inc. has an intra-stat- e application on file with the California Commission Corporations to offer . ARIES March 21 thru April 20 Dont let anyone rush you into action. Heed the voice of a $500,000 drilling fund, as well, Mr. Ryan reported. of caution and prudent action in all money affairs. In the conduct of the programs. Petroleum a 3 royalty on all TAURUS 32nd Development receives Rocky. Mouhtrin Oil & Mining JoumaL If you have a question, write: April 21 thru May 20. You will experience a dramatic change in your personality which will give you more tolerance and understanding for people in the market world. oil and gas produced on behalf of the funds, a 10 management fee (out of which it pays commissions of 8 and is reimbursed for its expenses). Both PDC Petroleum Fund and Petroleum. Fund GEMINI Richard Blackburn, Las Vegas SUN P.O. Box 4275, Las Vegas, Nev. 89106 Management Co. are wholly May 21 thru June 20 owned subsidiaries of Petroleum In 1969 Development. Fund If you am fill received $270,000 in follow through on every demand, you may find a Petroleum subscriptions which was used to drill 5 wells, each of which was completed as a gas producer, Mr. Ryan said. NEW ISSUE BONA FIDE RESIDENTS OF THE STATE OF UTAH ONLY Corporation is an oil exploration and production company with operations centered in three areas, Mr. Ryan said, the development and production of generous promotion coming soon. ARMS DEVELOPHENT COMPANY June 21 thru July 22 Do not show disapproval or scorn if someone seeks security rather than an - adventure you think might be profitable. FOR SALE or LEASE: 16 Bismuth claims located in LEO July 23 thru August 22 Take you time in getting important things done. You the Winfield Mining Chaffee County, 5 veins covered by these daims source from the Virginia Peak stockwork. A major District Common Stock of No Par Value PRICE PER Non-Assessa- ble SHARE-$1.- 00 ARMS Development Company is engaged in die buslneis of land acquisition, development, subdivision, warehousing and real estate improvement for subsequent lease, sale or appred tkm. It ii a real company. estate-oriente- d COPIES OF THE PROSPECTUS MAY BE OBTAINED FROM THE UNDERSIGNED AGENT FOR SALE OF SHARES JACK R. NEESE 3324 South State Street Salt Lake City, Utah 84115 Telephone: 4871666 Coloraod. The mining company is currently drilling on the Middle Mountain stockwork K mile east of these daims. For further information contact: Denzel Hatch P.O. Box 185 Buena Vista, Colo. 81211 Phone: (303) 395-8408 LIBRA Sept. 23 thru Oct. 22 Routine work can be so boring you may think of quiting, and if you follow tempermental tendencies, you am wind up in a bad situation about money and your future. SCORPIO Oct. 23 thru Nov. 22 You may light on a special product to sale and find new affluence budding from your adeptness in sales work. SAGITTARIUS Nov. 23 thru. DecJZl . People will be swift to sense if you are being honest or merely putting on an act. This is no time to lose face from telling small fibs. CANCER BISMUTH CLAIMS 1,000,000 SHARES this period with contributions and Management Petroleum Development This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular. By Marie Cox For the week of August 23rd thru 29th ' "IT'S YOUR MONEY" appears weakly in the the conduct may make an error that could cause regret for some time to come. CAPRICORN Dec. 22 thru Jan. 19 Attend to your own best interests, keep your personality as pleasant as possible so nothing will harm your chances for the big deal in question. AQUARIUS Jan. 2Q thru.Feb. 18 Self pity has no place in you hot and cold running cycle. Stay loose and roll with the punches, ispecially in trading losses. I VIRGO August 23 thru Sept. 22 With new found wealth mating life look absolutely great , don't become so zealous that you forget to look ahead to investments. PISCES Feb. 19 thru fdanh jll Stop right now and be aware of how much the . new is entering and influencing your life richly , Don't avoid changes of old |