OCR Text |
Show DOVQD? EflDD7 -- RICHARD BLACKBURN- - Dear Mr. Blackburn: For years I have played around in the Penny Market" and have had more losers than winners but the winners I did have were so good that Im still far ahead of the game. Unfortunately, none of the local brokers seem to have answers to so many of my questions. Is there any one single place I can go to for information similar to the reports that Standard and Poors put out for listed stock? DeLynn Hoops Dear Mr. Hoops: There are two or three small brokerage firms here in town (Las Vegas) that handle "penny" stocks as well as listed securities, but they often hare the same problem you hare had in obtaining information. The best bet is for you (and any broker doing business in this Stock Digest". area) to obtain a copy of the d stocks and lists It has listings on over 200 popular their transfer agents, history, price ranges, financial data, name changes, mergers, as well as current actirity. This digest is perfect for any person in the stock business. Write: Stock Digest, 308 Ness Building, Salt Lake City, Utah 84110. The price is S 4.50 per Utah Minerals acquires acreage in several Western states made of...holdings." In Utah, Utah Minerals has 34 claims in Death Canyon, Tooele County, held under contract from W.G. McNabb under development. Officials said the district has a production record of 7,000 tons ore of record with of lead-silvapproximately $100,000 being derived therefrom. Utah Minerals Co., Salt Lake City, lias reported to stockholders that the company has acquired large acreages in several states with the program of joint ventures in mind. Company officers said that the policy in mind is to acquire good er mineral properties for and production development In Nevada, the firm has are of the opinion saying, that mineral land acquisitions are acquired some 140 mining claims valuable, if properly investigated in the Ferber Minind District. from the known sciences and Drilling has been done in the area and officers said high lead-silvproperly developed. The firm owns its own drill rig, values have been located. The firm plans to continue compressor and rolling laboratory, mounted on a truck. With skilled development here were a field We er crew is now continuing personnel to operate said exploration on a of equipment, careful continuous and investigations are being large outcrop jasper in the area. Tungsten values have also been found, the company reports. In Blaine County, Idaho, Utah Minerals has by state lease 640 acres opposite the old Triumph Mine, where they say a large production record was made in the past. The firm is now surveying the section as to its outer boundaries. Beryllium property in Colorado consists of 21 claims, 100 owned. A preliminary small examination indicates outcrops of beryllium, which is not to be construed as a large deposit, the company noted. The property is located in National Forest land and any development will be subject to National Forest regulations. Orer-The-Count- er low-price- copy. Dear Mr. Blackburn: I saw an ad that said: Invest S2.350 and get back S10,000" with all the safety of a bond. There was an address of a brokerage didnt want to write for fear of having a salesman calling on me. Can you explain? Kent Prest firm and I high-pressu- re Dear Mr. Prest: From the meager information you give me I will guess they are advertising a municipal bond of some sort that is now selling at a great discount that, if held to maturity, will return the full face value. It is quite a legitimate situation. There are many bunds that were issued years ago with coupon yields of 3 or 4 7c which in today 's tight money market are selling at big discounts. Any stockbroker will give you several suggestions. This might be a very opportune time for such investments. Sonoma Mines reports 1 c per share profit June 30, GUERNEVILLE, Sonoma Mines Inc. Calif. reported a net profit of $14,996, or one cent per share, on production valued at $1,363,115, from its mercury mines located in Sonoma and Trinity counties, California, for the fiscal year Wildcat well could become largest U.S. gas producer A wildcat well TULSA, Okla. that may turn out to be the largest supply of natural gas in the United States, is being drilled in western Oklahoma, according to a story by United Press International wire service. The UPI article said the E.R. Baden No. 1 test west of Elk City; Okla., in the Anadarko Basin, seeks to tap a suspected vast underground field. Lone Star Gas and Producing Companies of Dallas, Tex., and Glover-Heiner-Kenne- Oil Co. of dy Oklahoma City are the operators. Lofland Bros, of Tulsa is doing the drilling. The well, scheduled for a depth of 28,000 feet, the worlds record, is expected to be completed In 18 months, the UPI article said. NEW ISSUE high-price- George Westin WESTERN UNITED MINES, INC. Common Stock PRICE: Dear Mr. Blackburn: We out here in San Carlos read and enjoy your articles written about the mining stocks. I have along with many of my friends some stocks Id like to know more about: Sun Tide Radiore of Utah Control Metals Kina Silver $1,252,871, for the comparable 1969 period. .0. Reed, president, said that the profit was entirely due to the increase in production at the companys Mt. Jackson Mine in Sonoma County, Calif. He added that due to the decline in the price of mercury from $520 per flask in 1969 to $338 per flask in September, 1970, the company has decided to curtail its operations to about d capacity in order to preserve its cash and ore reserves. onc-thir- County, Utah. Bids will be opened that day at 2 p.m. in Room 8103 of the Federal Building, 125 S. State, according to Robert D. Nielson, BLM state director. Two parcels of land within the known geologic structure of the Last Chance Field will be offered. One will be for a lease on 360 $0.10 Per Shore KESKO & CO. 614 Newhouse Bldg. 10 Exchange Place Salt Lake City. Utah 328-065- 1 production valued at 680 acres of land in Emery Copies of the Offering Circular may be obtained from the Underwriter. Dear Mr. Westin: For a free copy of the "Low Priced Stock Selector", a monthly service, write: P.O. Drawer 79, Valrico, Florida, 33594. on Sealed bids will be accepted by the Bureau of Land Management (BLM) until Oct. 21 to determine issuance of oil and gas leases on 3,000,000 Shares so-call- ed 1970. compared to a loss of $22,387, or two cents per share, This Bids due on oil, gas land Tnis 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. Dear Mr. Blackburn: d I was hurt so badly by concentrating in solid" stock investments that I now am interested in only the low priced stocks. No broker can ever tell me again that the higher the price the better the stock! Where can I go for recommendations in stocks under S5? ended 328-050- 1 acres and the other for 320 acres. Both are 28 miles northwest of Hanksville. Bapco Sorority Industries Jolly Jack Combined Metals Are these worthwhile holding and if you could answer and give me a quote on any of these issues I would certainly appreciate hearing from you. Sincerely, Mrs. Edward Canty. Dear Mrs. Canty: For quotes, suggest you ask any broker in your town to check their "pink sheets". For information, suggest you obtain one of the O.T.C. Stock Digests mentioned above. For a recommendation, suggest you discuss with your broker as this columnist does not attempt to recommend stock purchases. Continued on PageJ SECURITIES LTD. SUITE 203 - 333 South 200 East 328-06- 36 o UTAH'S NEWEST STOCK BROKERS o QEoiaiiflO UiidibOU&fadimibOgggPaeaiSOircBirErcqa . |