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Show OMJ - Page 5 Subcommittee refers stockpile bill to full Armed Services Committee WASHINGTON A Senate subcommittee Armed Services met here to hold hearings on 27 stockpile bills proposed by Sen. After Howard Cannon hearing industry opposition to some of the materials proposed for release, the group voted to refer the legislation to the full committee. (D-NEV- .). L.G. Bliss, chairman of Foote Mineral, once again voiced the companys opposition to the sale of excess chrome including 1.3 million sdt of mettalurgical-grad- e chromite, 324,500 sdt of chemical grade chromite, and 4.2 million tons of chromium metal on the ground that such a release would only delay a government change in Rhodesian policy. Producers were also known to be against the sale of 35 million pounds of molybdenum (Mo content) and 38,876 tons of nickel (not including the 40,000 ton GSA loan to Inco after the 1969 strike). Discussion on these materials was not introduced at this time. Tintic Mineral regains Horn Silver Mine Tintic Mineral Resources, Inc., Salt Lake City, has reacquired the Horn Silver Mine in Beaver County, and it also has settled a suit against McMoRan Exploration Co., according to the just issued annual report. Extent of the settlement was not indicated. The report said merely that Tintic has received a deed to the McMoRan interest in the Horn Silver Mine and mill. And that: After considerable negotiation an agreement was with reached McMoRan Exploration Co. to terminate the Horn Silver Joint Venture. Terms of the agreement included payment of an outstanding note due Tintic from McMoRan and the above deed. Tintic had sued for more than $4 million from McMoRan Exploration Co. in November, 1970. It included $2,825,000 for inside recovery of alleged profits taken by McMoRan and $1 million for alleged violation of the Investment Company Act of 1940. Tintics controlling interest in Horn Silver Mines Co. had been acquired in March 1969, by Linkletter Enterprises of California. Horn was Strode Emery D. announced he has NEV. - concluded a transaction with Golden Century Industries Inc. of Salt Lake City whereby he sold 12 claims mining Antelope-Ceda- r Pershing the in Mining District, County, Nevada. Sam engineers reports are available at this time although he and his ons, Frank, have been mining and shipping ore from this mine continuously since the spring of 1967. This continued, he said, until American Smelting & for possible capita! appreciation. subsequently merged with Exploration and McMoRan Prospectus on request from: McMoRan Oil Co., with Horn Silver the surviving company. GLENDALE SECURITIES CORPORATION Glendale Professional Building 73-0Myrtle Avenue Glendale, New York 1 1227 Horn Silver, a Utah Corporation, McMoRan was then renamed Exploration Co. Golden Century buys Nevada mining claims 1MLAY, A mutual fund concentrating in GOLD mining stocks 9 Name Refining lead smelter at Selby, Calif., ceased operations August 31,1970. The Strodes installed a gravity mill on the property and began initial opera tions on April 8, 1971, he said. Address State City Zip a Bida, engineer prominent mining of Ely, Nev., approved the sale for Golden Industries Inc. Century Strode reported that mining on the property from 1906 to 1928 averaged 40 ounces of silver per ton and 8 percent in lead; also that there are 5,200 tons of ore in the mine dump that assay 17 ounces of silver and 8 percent The Fallick family continues to grow Marty and Judith Fallick were virtual newlyweds in the business world when they started M. L. Fallick & Company with Jackie Ridd on June 22, 1970. Now the Fallick family numbers 25 and continues to enjoy gratifying growth. lead. Strode says the information contained in the is O. W. Vanderburg report and no other FOR BARGAIN HUNTERS ONLY of yesterday's Many leaders now sell for pennies. Today's unknowns may be tomorrow's favorites. If you are one of those who makes his own decisions,, take advantage the profit potential in these issues. P.S. Reporter of low-pric- gives DELLA V. MURPHY Account Executive history, sales, earnings, new issues, new products, SEC Insider Reports, feature articles, prices of you These eager new account executives are ready to show Wasatch Front investors why M. L. Fallick & Company has won overwhelming public acceptance. Marty and Judith thank you. And you'll thank them. more than 500 penny industrials, mines and oils. Published monthly. $18-0ne- Year $10- -6 Mo. M.L. FALLICK & COMPANY, INC. PENNY STOCK REPORTER 608 N. Guadalupe Ave., Dept J Redondo Beach, Calif. 90277 Name Addrwt Suite 1016 Newhouse Building Marty and Judith Fallick Phone (801) STOCKS Salt Lake City, Utah 841 521-758- 0 MUTUAL FUNDS BONDS Branch offices in Ogden and Granger 11 |