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Show The National Enterprise , January 5, 1977 Page four Level at Prolific Well Oil Miller Completed by Earnings Second Med-Pak- s Mid-Yea- r CHARLESTON, W. Corporation (OTC .5625, .9375) manufacturer of disposable medical and Va.-Med-P- ak were $34,533 or 6 cents per share, compared to $37,603, also equal to 6 cents per share, in the first half of surgical products, reported level results of operations for the fiscal second quarter and first half ended Nov. 30, fiscal 1976. 1976. upgrade profit margins During the recent quarter the company earned $24,906, equal to 4 cents per share, on sales of $967,938. These compare with earnings of $25,431 or 4 cents per share, and sales of $1,005,960, reported for the comparable three month period one year ago. First half sales totaled $2,008,434 versus $2,002,752 one year earlier. Earnings for the recent six months President James P. Clark said the company was maintaining its efforts to through adjustments in the product mix and tight control of costs. He reported that sales of new disposable products introduced over the past year continued to increase, replacing lower profit items in the company's line. We are maintaining our emphasis on developing medical and surgical product sales, our major sales area and the one we feel holds the greatest promise for the future," he said. 6 MIDLAND, Texas Miller Oil Company, (OTC .95, 1.00) announced the completion of the No. 2 W.E. Beam, Dawson Co., Texas as a prolific fusselman producer. The company said the well finaled for a calculated daily flow of 2,712 barrels of oil through a 2564-inc- h choke with no water. With 1977 upon us, more and more market analysts are again predicting higher prices for the precious metal which accounts for the bulk of profits made by mine operators in Idaho's Coeur dAlene Mining District. Here are some quotations: With strong consumer buying at around $4 an ounce, these lows for silver will be the lows for a lifetime... We 900 million ounces of silver since 1884. Of this total, more than 400 million ounces were dug from the districts Silver Belt since its first appreciable production in the early 1930s. Home of the Nation's No. 1 and 2 silver predict that 1977 will see the beginning of the silver eruption. Silver is running out like oil...'; It seems to me that silver will emerge from recent doldrums and resume a moderately rising trend in We have waited 1977.; out the silver picutre for almost a year, and wisely so... The position is now to buy in, dig in, and HOLD... One market report said Mexico, the world's largest producer of silver, may withhold its silver output from world markets and put its If this silver into coins. happens, it said, the 1977 price could easily break through $6.00.. .Mexicos recently announced new 100 peso silver coin, valued at about $5.00, is scheduled to make its appearance in the first quarter of 1977... The U.S. Bureau of Mines reported that domestic consumption of silver in the first nine months of this year was 126.4 million ounces, an increase of 10 million ounces over the comparable period last year. Silver reached a record high of $6.70 in February 1974. Its 1976 high was $5.10 and its low was $3.81 in January. found. The new Coeur mine soon to be No. 4 in the U.S. is also contained in this sector. The Coeur D Alene Mining District, the richest g area in the United States, may become the richest in the w'orld in a few years, Don S. Springer, an Osbum, Idaho consulting geologist told the Northwest The Mining Association. district has yielded nearly silver-producin- Sunshine and Camines this one llahans Galena mile long belt is one of the most persistent and silver-ric- h mining areas ever Coeur Mine Praised Shannon Pratt, editor of the Northwest Investment Review, said this first major silver mine to be opened in the United States in more than two decades is very efficient and has one of the lowest costs of operation per ton of ore mined in the More than $4 district. million of the investment already has been recovered in 1976 and Coeur dAlene Mines president Justin Rice estimates that the payback of the investment will be complete the latter part of 1979 or early 1980, depending on Once the silver prices. payback is completed, the cash flow after expenses will be divided 50 percent to ASARCO, 5 percent to Callahan, 5 percent to Day Mines and 40 percent to Coeur d'Alene Mines. The company expects to initiate a cash dividend policy at that time... Each gondola car of Coeur mill concentrate is said to be worth about $350,000. Sunshine Mining Company Because of the labor strike which has kept the Sunshine mine idle since last March, company directors declared a 2 percent stock dividend, payable January 20. Sunshine paid cash dividends of 9 cents a share in each of the first and second quarters.. .Sunshine retaining interest. a 25 working JUST PUBLISHED "INVESTING IN THE GREAT NORTHWEST. ... FOR THE FIRST TIME. A NOW DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H This is the second well that Miller Oil has drilled in their newly designated Mila-gr- o Field. The discovery No. 1 W.E. Beam, finaled Aug. 11, 1976 for 2,880 barrels of oil per day through a 2564-inc- h choke from open hole at 12,110-12,17- 0 feet. The wells are located 2 miles wjest of Patricia, An additional six Texas. 2-1- Mining Highlights Silver wells are planned in the area with Miller Oil as operator ABOUT THE AUTHORS. INVESTING IN THE GREAT NORTHWEST is a new approach to Investment guidance, bringing together in 320 entertaining and readable pages information Indispensible to any businessman interested In this region. Discusses over 200 public companies over 2 billion shares of stock Over annual sales "Paying over $1 billion $30 billion annual dividends and Interest With SHANNON F. PRATT la EdSoraf onm Meek Gtikto, a aynJIcaHJ SBWiiniii on nBnmvp Rimnn ma mnnwH Rmwnwii nwivw Northd rcognlidpmtowBOipordvd-uaUanha heMa a AederaM In Dam Indiana Udvanky. la a Cbvtarad Financial Andyd and a CartMad Financial Pknnar, and tor- - . A mad ynuaud beak A bad breaking oHartadhliioortanlaialatld tor eceneadc aopNadcatac aa weN aa amateur tweeters. Rebarf Land-aua- r, The OREGONIAN. The adhere aaa many laccana wiry tha NoHhaod diaidd cenHnua to be a sound and greadng raglen tar bwoabnenl (undo. Thetas ne raaaan to disagree Pan Ceuptdkl. AedUe. FOBMNTELUOENCER. $9.95 Hard Cover AVAILABLE AT MOST BOOK employees at Idaho Garnet Co., a division of Sunshine Mining, have agreed to a new work contract running to May 6, 1980, and providing a total of about 40 percent in wage increases. The terms were said to be the same as those offered the striking Sunshine mine employees. Mldnite Mines Uncon- firmed reports said the Spokane Indian Reservation uranium producer is going on a regular quarterly dividend rate and has added to ore reserves. Western Gold Mining Company Management announced the acquisition of prospecting permits on 1 ,260 acres in the reservation. The permit areas were said to adjoin the Midnite uranium mine and the site of the Sherwood open pit uranium mine. ORDER $6l95 Soft Cover TODAY STORES OR ORDER FROM: Willamette Management Aaeocletea, Inc. 220 S. W. Alder Street Portland, OR 97204 Pleaee aend me coplea of INVESTING ce hard cover $9.95 plua 50 mailing each. In eoft cover $4.95 plua 504 mailing each. Name Addreea State Zip City In LAWRENCf R. ROSS la a nationally-knaa- aacurity analyd and RnancM writaf and wan Dkectar af RaaaafCN far a NoHhaod atock brokaraga Am lar a nianbar af yaara. Ha la a member d tha Danaar Saddy at Sturdy c Anaiyda and haa had 10 yaara aapart-aneIn tha fcwadnwnt buatnaca. Raaa la authar at tha bank, kneeling In Caw Rick Qrwwth rnmpantae " c IF I I I" g NOT SATISFIED, RETURN BOOK WITHIN 30 DAYS FOR A REFUNO. Tunis was me a tbmncMad off airbag;. of contract, it sued Sunshine Mining for Seven $100,000 damages. years ago Sunshine entered into an agreement to explore and develop the smaller firms property northwest of Osburn, Idaho. Mining companies listed on the Spokane Stock Exchange have paid nearly $500 million in dividends since 1897, president Richard K. Fudge pointed out in an interview with the Western Mining News. The Exchange provides a means for small investors to buy into a small mining company which someday may develop into major mines, he said noting that both Sunshine and Lucky Friday once sold for 10 cents a share. He also pointed out that were really the only exclusive mining exchange and at the doorway of the richest mining district in the United States. IN THE GREAT NORTHWEST:" Coeur D'Alene Crescent Mining Company Alleging non-performan- I" For 15 years, the Clear Air Solid Waste Disposal System has been reducing garbage voluaae by 90, converting it to a valuable energy resource, and doing it more efficiently than any other system on the market today. There never be a shortage of garbage, only a shortage of space to put it. As this problem becomes increasingly acute. Clear Air. Inc. will continue to pioneer the most efficient systems of solid waste disposal and materials recoveryrecycling with energy generation in the bargain. EPA standards? We exceed them all. Clear Air. Inc.... meeting the needs of the future. will teoff Qiif, Dhug. 97 Comet Ave. N.V. 14215 BeSalo, V P.O. Bos 111 Oedra. Utah 94442 a P.O. Bor W Bartlett. III. 44143 |