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Show AUGUST 31, 1970 OIL & MINING JOURNAL Firm bund oil sonar BOSTON-- A sonar in Salt Lake designed I This announcement is neither an offer to sell nor a solici- tation of an offer to buy any of these securities. The offering is made only by the Offering Circular. system City is a key element in a new device that oil industry observers say could have tremendous implications' for deep-se- a drilling. The sonar was system designed by Edo Western of Salt Lake City, jt permits the drilling ship to stay in one area by dynamic positioning,' as if it were anchored. It was used with another device, a cone, by the of Californias Scripps University Institution of Oceanography to guide a drill into a previously dug hole in the ocean floor three miles below. A spokesman for the group said the implications of the device development could aid the oil industry considerably. Development of the drilling device was disclosed when the sea vessel Glomer docked here. The y a drilling program in the Atlantic Ocean 200 miles off New York were released at a news conference. Scripps Institution is directing the drilling project as part of a four year, $34.8 million project funded by the National Science PAGE 3 NEW ISSUE FOR UTAH RESIDENTS ONLY 1 fuckin 15,000,000 Shares Silver Sport, Inc. & few Common Stock Price: $.02 Per Share Copies of the Offering Circular may be obtained from the Underwriter. By Chuck Havward re-ent- ry . . 521-714- tation of an offer to buy any of these securities. The offering is made only by the Offering Circular. CEDIAHO 1 LTD. 0,000,000 Shares Common Stock No Par Value OFFERING PRICE $0.03 Per Share New Issue N successfully demonstrated the capability of a borehole on the bottom of the ocean from the surface of the ocean, sometimes more than three miles above. The implications of this are Copies ng of the Offering Underwriters. Circular may be obtained from the FIRST FIDELITY UNDERWRITERS, INC. 610 East South Temple Salt Lake City, Utah 84102 Telephone: (801) 328-031- 7 a Scripps The said. economic spokesman fallout for the oil industry alone will be incredible.' unbelievable, a) 1 731 East South Temple Salt Lake City, Utah IS OFFERING PARTNERSHIPS IN a special. Schedule D drilling program in its oil and gas field in Wyoming the Overland Dome field. With four producing wells in this field which Classic Mining Corp. wildcatted and proved out we feel the chance of successful petroleum yeld and potential capital growth are highly favorable in this program for both the company and the individual investor in the Schedule D program. Partners in our drilling program will enjoy such income tax advantages as: Federal tax deduction for intangible drilling and development costs. Tax exempt income of up to 22 of that earned from oil and gas production. to force ol Actually, the stock these days the Big originally considered a on and become a rally market looks surprisingly strong and what was Board, that is technical rally has stubbornly held in earnest. Things are even picking in the market area at least we're up a decided increase in subscriptions to the Oil 8i getting Mining Journal and several broken in town have gone off an diet. But what do the experts say? over-the-count- er all-mi- le A holding company with subsi diarias which propose to offer a variety of services to the public in the fields of securities and insurance. Foundation. drillings BTOniStS , yourself to sit down at a typewriter and write deathless or anything at all that's worth reading. The house prose demands pressing payment being due and (what with 9 school age children), thoughts naturally tum to the economy and the possibility of an upturn. (The theory being that a dramatic upturn in the general economy might filter down to our level.) Back-to-Scho- This announcement is neither an offer to sell nor a solici- 12-da- The During these dog days of August it's tough Continental Securities, Inc. 337 South Main Street Salt Lake City, Utah 84111 0 Phone: lk Well, according to the Wall Street Journal (no relation to the Oil & Mining Journal, incidentally) "the recession that wasn't really a recession is being replaced by a recovery that isn't really a recovery." That's the view of a number of business economists, few of whom believe that the economy has actually been through a recession in recent months. What's more, few look forward to any vigorous pickup in the economic pace. . "Business in general will probably improve a little as the year goes on," says Charles Reeder, chief economist of Du Pont Co., "but it will be a slow and painful process." Several economists come up with "blah" in an effort to characterize business activity. "It's been a blah year, and I expect it to continue to be a blah year," the Wall Street Journal quotes George McKinney, senior vice president and economist of Irving Trust Co., New York, as saying. "It's the year of the blah economy," declare Roy E. Moor, economist of Drexel Harriman Ripley Inc., a New York securities firm. That reminds us that it wasn't too many months ago that forecasters of the economic scene were predicting a surging economy during the 1970s, and a popular pastime was to seek the most appropriate name for the decade. The 1960s had been christened the "Soaring 60s", and it was only logical to look at the coming decade as the "Sizzling 70s". The 70s are here, however, and someone has sold out the sizzle. As a result, forecasters are soberly realizing that some of the Soaring of the 60s was an ascent from reality. The 1970s have now been rechristened the "Solid 70s". Now that's a good type of name, is but the fact of the matter that 1970 is just this beginning of the 70s, and a lot can happen in a few short months (take a look at the last few months). Economists are great ones for logical explanations and explaining why things happened after they've already occurred. We have difficulty feeling any sense of confidence in the predicting ability of economists ever since we heard a member of. the tribe deliver a logical and attack on why was too expensive. (We never did get a chance to advertising ask him how HE would have gotten rid of 100 million hula hoops.) "feet-on-the-groun- d" well-document- ed IF YOU WOULD LIKE additional information on our drilling program, clip and send the coupon below. At any rate, a number of economists, stock market analysts and othere are relying heavily on the 70s bringing a analysis to the solidity and concern for have been securities market and the People economy be and won't too burned much, they say, willing to bite on the type of highly speculative ventures that they feel were instrumental in bringing about the current if. not a a recession, retardation? But whether you label it retarded or blah, the fact is that the economy of the "Solid 70s" "old-fashion- CLASSIC MINING CORP. . 731 East South Temple Salt Lake City, Utah Please send prospectus Name Address City and State on your participating drilling program to: would probably be so dull nobody could stand it. That's why we're betting on an upturn in the economy. Not for any economic reasons, but because a booming economy and a bull market are a heck of a lot more fun than the alternatives. And if that doesn't sound logical, it's because we'ye found that people are simply not logical. We even know dn economist who likes to walk barefoot in the rain. |