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Show 10 Spokane firm begins to explore old Snowstorm Mine in Montana VGQl? DfflGQ7 The old Snowstorm Mine near Tr oy, Montana, is being explored by Trojan Silver-Lea- d Mines of Spokane. The mine was once opeated by the late Leo Greenough, also of Spokane. from fige 4 ' percetage ivested i securities had grown to 44.9. Savings deposits, on the other hand, had dwindled to 15.5 from 20.4 in 1946. Finally, combined assets in life insurance cash value and government bonds had diminished significantly to 12.4 of household financial assets by 1967, compared to 29. 7 in 1945. It will be interesting, of course, to see the figures for 1969 and 1970. There very well might be some big surprises after such a long bear market! The work is designed to determine if veins of ore exist parallel to the one which yielded considerable lead, zinc, silver and gold from 1917 to 1927. A crew is currently Dear Mr. Blackburn: I own stock in several major blue chip1 companies and this quarter two of them sent notices that they were not going to pay dividends. Should I sell out these issues and get into stocks that are still paying? Irving Westham Dear Mr. Westham: Directors of 45 corporations voted to omit dividends in August, the largest number of such actions in any month during the past ten years. Thirteen other corporations voted reduced cash payments. According to Standard and Poors the monthly tabulation of dividend action also showed a drop in the number of dividend increases to 52 from 87 in August, 1969. Total favorable actions increases, extras and resumption of numbered 96 last month, down from 122 in the payments corresponding month of 1969. On the favorable side for the eight months, decreases and omissions came to 323, almost three times the 123 of the eight months last year and also well into new high ground for the past THOUGHT FOR THE WEEK: Last year bank robberies accounted for a loss of 20 million dollars. But the biggest thief was inflation. It robbed us of 30 billion dollars. Richard Blackburn, Lai Vegas SUN R0. Box 4275, Lai Vegai Nov. 89106 the surviving corporation. Mr. Tedrow also announced was MING SILKED STOCKS hove profit potential CANGE 4c TO $40 PEE SHARE B I W specialise in silver, geld end uranium stocks and selective penny mining stocks. Wo accept collect calls on buy orders. J. H. B IS drilling on the mine's 1 200 level, according to Reed C. Ockey, Spokane general contractor and president of Trojan. The company has reopened the main adit by crosscutting around a cave-i- n near the portal, he said. It also cleared the hoist room and unwatered the 600 ft. deep, three compartment shaft to a depth of 200 feet. The current drilling is being done from an old drift off the shaft. James B. Colson, Kellogg, Idaho, consulting geologist who was chief geologist for Sunshine Mining Co. for 1 7 years, is vice president of Trojan. Clyde Cline E. Tedrow, president of Golden Eagle Mining Co., has announced that smelter returns on ore shipped from the Hi Tariff Mine have revealed values of up to $115 per ton. Results on the first shipment of ore from the Montana mine to the East Helena smelter amounted to 52.8 ounces of lead and a trace of silver, 7.4 Mr. Tedrow said. At gold, todays market value, this would return $115 per ton. The Hi Tariff Mine was acquired in a recent merger of Hi Tariff Mining, Inc. into Golden Eagle Mining Co. Golden Eagle "ITS YOUR MONEY" appears weekly in the Rocky Mountain 08 ft Mining JoumaL If you have a querion, write: . long-hol- e g Q 8 DILLON & CO. w. 412 Sprague. Spokane, Wash. 99201, Tel. 138-443- ft 8 D Member Spokane Stock Exchange g immmammnmmmmmmmmmmmmmmmmmmmil Ockey, retired Spokane mine near Mullan in the Coeu is bottomed out. Operated by equipment lubrication engineer secretary-treasure- r. Snowstorm Mining Co., the mim near reportedly paid more than $1.1 Troy was originally known as million in dividends through the Banner and Bangle. On July 1914. 4, 1896, the Troy Times Peak production at the mine reported that the B&B mine on was said to have been reaced in Banner Mountain had yielded 1918 when 65,342 tons of ore seven carloads of crude ore was mined. Output then assaying from 30 to 52 ounces declined and ended with a fire of silver and 45 to 54 lead to which destroyed the mill in the ton. 1927. Greenough sold the Greenough reportedly became property to- Troy businessmen interested in the mine in 1912 two years later and it lay idle for when his Snowstorm copper many years. The Snowstorm Mine - that recent exploration work on Golden Eagles patented and unpatented claims in the Remni areas of Motana have produced very encouraging results. Buys firm Continued from Page 1 shares of capital stock of Century. New officers and directors of Century are Byron D. Beeler, FINANCIAL FORECAST development and sale of NEW ISSUE 3,000,000 Shares property holdings. WESTERN UNITED MINES, INC. Common Stock PRICE: $0.10 Per Short ContDynams Continued from Page 1 described the find as a large deposit of iron ore known to KESKO & CO. have some copper also. If estimates are proved out, the find could supply the entire steel industry of the United States for 614 Newhouso Bldg. -- 10 Exchange Place Salt lake Cify, Utah of the find of magnetite, a report presence Copies of the Offering Circular may be obtained from the Underwriter. 321-065- 1 Stephenson, vice president and director, and Dorothy Figgins, secretary-treasure- r and director. Beeler said the management of Century plans an aggressive real estate acquisition program, and the continuance of the 328-050- 1 10 years. Initial assays dense, black type of ore, rather than the more common hematite, the rusty brown ore. By Merle Cox FOR THE WEEK OF SEPT. 20th thru 26th ARIES March 21 thru April 20 The most strongly emphasized influences are all suggesting that you proceed with caution i all areas of trading or buying. TAURUS April 21 thru May 20 The very best days at the Bull and Bear sessions are Sept. 24th and 28th. Go down and watch your holdings in action. GEMINI May 21 thru June 20 If a LIBRA Sept. 23 rim Oct. 23 Your financial picture is one of even tranquility now. Things should stay pretty steady for some time. SCORPIO Oct. 23 tliru Nov. 22 Now that you have let several excellent money aspects slip by, put yourself back on the path and think before you pass up a good offer. raise i salary is in the offing, you should receive it in this period. SAGITTARIUS Nov. 23 thm Dec. 21 Actually the whole month of September should hive been good for you monetarily. You still have a little time to pursue your aims with good president and director; Joe Phis announcement is neither, anoffer to sett nor a solicitation of an offer to buy any of these securities. The offering is made only by the Offering Circular. d'Alene Mining Distric the Golden Eagli finds rich silver ores decade. f PAGE'S OIL & MINING JOURNAL SEPTEMBER 28,1970 Your reputation in money matters is at stake results. CAPRICORN Dec. 22 thru Jan. 19 July 23 thru Augitst 22 People of worth are interested in hearing from you. Perhaps you will be invited to do some public have ben going your way for so long, you may tend to become a little lazy in the judgments of profit-makin- g stocks. AQUARIUS Jan. 20 thru Feb. 18 The best advice at this point is find someone to support you. If this isn't speaking. possible, because of Saturn's strong influence over you now. LEO VIRGO Aug. 13 thru Sept . 22 This is a very bad period for changes as restless influences are over you. Try to stay cool, don't do mything without a lot of consideration. Things turn all your money problems over to professional people. Feb. 19 thru March 20 The lunation of Sept. 30th could bring some great news.. Count your blessings ! -- 3&L |