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Show OIL & MINING JOURNAL PAGE 4 bits mis Glen Explorations eyes possible joint operations in Spokane area mm SPOKANE, RICHARD BLACKBURN Wash. 30, The most strongly emphasized influences are all suggesting that you proceed with caution in all areas of trading or buying. 1 Dear Mr. Blackburn: I just recently visited Las Vegas and found the town fantastic! It's been years since I've been there and besides all the new hotels I also found many new types of slot machines. On the way home I started to wonder if there was a stock that I could buy that represented a slot machine manufacturer. Is there? Name withheld on request. Dear Madame: Yes, there is. And it seems to be quite a bargain at the present level Bally Manufacturing Corporation of Chicago, Illinois, not only has a popular line of slot machines but they also make many different types of amusement games (coin operated). The stock is now quoted around $12.50, down from a high last year of $19.50. for the first six months of 1970 increased more than 30 and net income per share was reported at .62 versus .42 last year. Dear Mr. Blackburn: After a summer vacation driving the highways to Yellowstone National Park I am convinced that a lot of money has been made in selling or distributing Campers and Vacation Trailers. Do you know of any cheap stocks in this field? Kaye Kimball Dear Mr. Kimball : Although the recreational industry has been slowed down because of the lagging national economy, there are a few firms meeting the challenge and showing impressive gains. One of these is Cavalier Manufacturing Company of Phoenix $3.00). So far this year their sales show a 25 increase over last year. It is a small company in a highly competitive field but they are adding distributors at a feat rate and could grow into an impressive size with continued growth Expected gross this year: $1,500,000. I have a copy of their last report to stockholders for anyone interested. Merely Merely send me a stamped a envelope for copy. (O-T-- C several possible joint operations in the Spokane area, according to Jack R. Fraser, president. The firm is particularly interested in potential silver producers because of the promising outlook for higher silver prices, he said. Glen Explorations is currently exploring the Palmetto silver property near Lake Gty, Colo., where a new lower adit has been driven more than 1,300 feet along the principal silver bearing vein. An engineering report which will include estimates of ore grades and tonnages is being prepared, Mr. Fraser said. Exploratory geophysical and geological work has been completed on the firm's Lucky Dear Mr. Blackburn: The more I talk to my friends about putting aside money for the future, the more I come to realize that most of them have at least a portion of their money invested in either stocks or mutual funds. I'm beginning to feel Idee an outsider. Is this a trend today, or do my associates constitute a small minority of the population? Sheela Greun Dear Miss Greun: You're not just imagining it people are definitely more conscious today of the advantages of equity investing. In 1946 (according to a recent article in U.S. News & World Report) the percentage of household financial assets that were investal in stocks and mutual funds amounted to 28.2. In 1967, the Continued on Page 5 New tar sands study Two geologists who have Utah" (Special Studies No. 33) investigated an area of some 214 is written by M. Dane Picard, square miles in eastern Utah professor of geology. have published their findings in a Department of Geological and new special study released by Geophysical Sciences, University the Utah Geological Survey. of Utah, Salt Lake City, and Lee of R. Hih Jr., assistant professor Sedimentology Lacustrine and of geology. Department of Fluvial Sandstone, P.R. Spring Geology, Oberlin College, Area, Southeast Uinta Basin, Oberlin, Ohio. Over The Counter Oyer 200 PENNY and other low priced Stocks trading actively in UTAH, the Intermountain West and Nationwide Over-the-Count- er O.T.C. Digest Tells You Each Company's Address Mergers Officers Current Activity Transfer Agent Capitalization Annual Meeting Dividends Name Changes Financial Data History Price Ranges also Commission Rates - Name Changes Agencies and Associations Useful Terms in Oil and Mining I buy, but it was 18 cents a share a couple of years ago, and who can telL...it might go back that high! Don't put any serious money into it. If, however, you want to speculate, then consider their recent announcement of silver contracts as promising. According to a recent newsletter. Continental Dynamics completed a deal with a Swiss firm to deliver 13 million ounces of silver which they feel will net them well over two million, six hundred thousand dollars. m for the Aggressive Investor! Dear Sir: not the type of stock that p' ...with MORE Dear Mr. Blackburn: Is Continental Dynamics a good speculative buy at 2 cents a share? Sincerely, Norman Gordnor is silver-cop- Fact-Pack- ed self-addresse- It prospect in mine, which is designed to California, and a partner is being produce at least 500,000 tons of sought to help finance a series of high quality bituminous coal a 1,000 ft. deep core holes. year, he said. A petroleum engineer and Glen Exploration recently geologist, Fraser expressed with Federal contracted optimism over the outlook for Inc. of Dallas to coal. The firm's subsidiary, Securities Carbon Fuel Co. of Helper, provide up to $400,000 of financing. Utah, recently opened its No. 3 long-ter- Jim Glen Explorations, Inc., a Dallas based firm, is contemplating Dear Mr. Blackburn: I just recently visited Las Vegas and found the town fantastic! It's been years since Ive been there and besides all the new hotels I also found many new types of slot machines. On the way hme I started to wonder if there was a stock that I culd buy that rpresented a slot machine manufacturer. Is there? Name wthheld on request. Sales and revenues SEPTEMBER 24.1970 Splits fir SEND FOR YOUR CORY NOW O. T. C. DIGEST $ 4.50 PUBLICATION DATE: SEPTEMBER 1970 CHRIS S. METOS PUBLIC RELATIONS 308 Ness Building Please mail Telephone: (801) Salt Lake City, Utah 84110 363-22- copies of the OTC STOCK DIGEST 03 $4.50 to Name Address State Zip Also publishers of "Digest of Stocks Listed on the Salt Lake Stock Exchange" - $5.00 |