Fort Lauderdale News from Fort Lauderdale, Florida • 17

FORT LAUDERDALE NEWS, May 17, 1966 33 Nevada Increases Its Production Skelly Split Asketl TULSA A 3-for-l split of said. The plan will be present- the common stock of Skelly ed to directors and to the Oil Co. has been proposed, stockholder meeting on Oct. Don H. Miller, president, 18.

Gold Ore Once Cast Aside Sparks Boom By BILL STALL RENO. Nev. un quiet, businesslike way, gold is leading a mining revival in Nevada. Gold production more than doubled during 1965, to $8 million worth. This year's output may top $12 million, which would put Nevada second to South Dakota among gold-producing states.

She ranked fourth just two years ago. Although less spectacular than the gold and silver rushes of 1860-1920, the subtle gold boom of the 1960s is proving the most important since the heydey of Goldfield early in this century. Gold still remains a distant second to copper as Nevada's most valuable mineral, with a $53 million output last year. But silver trails far behind at only $543,000 in 1965. Federal subsidies, sought now from Congress, would provide even further incentive for development of known gold deposits and exploration for new ones, says Paul Gem-mill, executive-secretary of the Nevada Mining Assn.

"If we had comparable prices of gold and silver versus our costs to what the oldtimers had, we very early could see our gold production doubled," he says. production methods of mining and processing huge amounts of low grade ore. Newmont Mining Corp. invested $10 million in its open pit mine and mill near Carlin, in northeast Nevada, although the dirt-like ore from the Tus-carora Hills contains only a third of an ounce of gold a ton. But by processing 2.200 tons of ore a day, Newmont expects to extract about 250,000 ounces of gold a year, valued at up to $9 million.

Just. last week, Deep San Petro Energy Developments, poured the first bar of gold at the reopened Atlanta Mine near Pioche, in eastern Nevada. The firm plans to process 7,000 tons of ore a day, at an unofficially reported return of about $7 a ton. Other major producers are the Getchell Mine, in the Po-tosi district in north west-central Nevada and Kenne-cott Copper near Ely, where gold is a $1.5 million a year by-product of the copper works. The Getchell mine, operated by the Coldfield was revived in 1962.

Gold and tungsten have been mined there off and on since 1883. In most cases, miners have known for years the gold was there. It was a matter of waiting until low-cost mining methods on a large scale made extraction economical. Although million-dollar investments are needed to launch such an operation, the day of the individual prospector is by no means past, Gemmill says. "A lot of people don't realize that in almost every case, these things start with the Sunday prospector, the farmer, these people who go out and find the initial shows.

"They find some showing, stake out a claim and then make a deal with the mining company." Production costs have increased an estimated 125 per cent since 1939, Gemmill says, while the government has held the price of gold, at $35 an ounce. The subsidy, of up to $44 an ounce over the $35 price, is sought to make up the disparity. "My view is that if the purpose of the gold bill is to put gold in Ft. Knox, then our government shouldn't just be looking at it as a poverty program," Gemmill said. Two gold mine-mill developments went into production in Nevada the past year, counting on profits by using mass TSeiv Corporation i th ra (wirow in arfMA Oil ittw mm SEC Studies Mutual Funds, May Issue New Regulations WASHINGTON, P) New restrictions for the $35 billion mutual fund investment field are expected to be recommended by the Securities Exchange Commission this summer in its first major securities report since a 1963 stock market study.

Most of the anticipated sug- gestions will undoubtedly require new legislation and can precipitate long congressional debate. Although the commission TALLAHASSEE Broward County corporations recently chartered by the secretary of stele, address of the firm, type of business authorized, and names or Incorporators Included: FT. LAUDERDALE Retiring Downtown, 2888 Oek-land Park deal In real estate and personal property, Kenneth E. Behrlncj, Delmas Aldrldge, William F. Leonard, all Ft.

Lauderdale. Commercial Appliance Service, 4324 NE Fifth household and electrical appliances, James W. Bryan, Hollywood; W. L. Nass, Clenn E.

Nass, both Miami. Tha Rib feoom, 2223 Drive, restaurant and cocktail bar, Ralph Watkins, Jerry Gale, Shelley Watkins, Sunny Gale, ell Miami Beach. Bud-Brook, 1650 Sunrise Blvd. deal In real and personal property, F. C.

Clardy, Billle J. Clardy, Frederic L. Feinstein, all Ft. Lauderdale. Bradford Marine, Inc 1819 SE 17th general marine business, Charles R.

Blickle, Jeenetle S. Bllckle, John F. Howard, all Fl, Lauderdale. iWAI 111? m(UQUiSf I bank tJ.jSJ'IJSQil I WHY IIZZ R. C.

A. Investment 4010 Gelt Ocean Drive, deal in real and personal property, Robert C. Abel, Claire S. Abel, Robert C. Abel all Ft.

Lauderdale. Bradford Boat Sales, HI 9 SE 17th St, general marine business, Charles R. Bfickel, Jeanette S. Blickle, John Howard, all Lauderdale. Alexon-Rlch 1040 Bayview Drive, deal In real and personal properly, Richard D.

Byrd, Jacqueline B. Byrd, both Pompano Beach; Alexis F. Burkhardt, Donald H. Lahar, Mary J. Burkhardt, Shirley M.

Lahar, all of Ft. Lauderdale. Worldwide Import Mfg. Wi Coral Gardens Drive, wigs, hair pieces, hair transformations, Jack Kahn, Mildred S. Akerman, both Ft.

Lauderdale; John Arvaro, Miami. Orbit Chemical 1420 NW First deal In real and personal property and general corporate business. R. Davis, Eleanor I. Henegar, F.L.

Feinstein, all Ft. Lauderdale. Arba 3000 Federal deal in real and personal property, Bart L. Cohen, Helen Henderson, Mildred E. Eckelkamp, all Miami.

HOLLYWOOD 2401 NW 54th 4010 Dewey laundromat, Sanford L. Muchnlck, Merle Litman, Mary Harbach, all Hollywood. Tyler Enterprises. J42 Hollywood construction, Ben Salter, Mutual Funds declined comment on what the report might contain, its Staff studies have been directed toward these major fields In which restrictions Comp Bd 9.3210.13 Come, Fd 9.95 10.12 loves 80s 11.7413.92 Invest Group: INVeSTINO COMPANIES NEW YORK (AP) One WmS 14,54 14 54 Oppen Fd 22.95 25.01 Penn Sq 18.0018.00 Peoples 10.31 11.30 Phila Fd 13.98 15.32 Mut 11.47 12.46! A14 2 ssu vlbyl 16 Concord 14.69 14.69 Con Inv 9.37 9.17 Pine St Consm Inv 4.14 4.52 aoo invest io. 12.33 12.33 11.07 12.10 The following quotations, supplied by tha National AsskI-tlon of Securities Ptoneer Conv Sec 1.59 9.39 Stock 20.36 22.13 Conv Gr 11.9613.07 Select 10.0310.79 Corp l.d 17.41 19.06 Price TR 20.34 20.34 Providnt 5.02 5.49 Puritan 10.71 11.68 Putnam Fd: crown 6.39 6.9? Var Pay 8.11 I.I! InV Resh 16.4017.92 Istel Fd 11.72 19.30 Ivest Fd 13.24 14.47 deVegh 62.79 62.79 Georg 15.64 17.09 Decat inc i.w 13.01 Deeieri, are the oricn af which these securities could heve been sold (bid) or bought (asked): Aberdeen 78 1M 40 10.27 Dela Fd 14.91 16.30 Johnstn 17.51 17.51 Kevston Funds: Incom Grwth Invest rarer, Leslie j.

Lennox, ai 11.44 12.50 7.24 7.81 Cus Rl 23.57 24.60 Diver Cr 12.3613.55 Diver Inv 9.3510.25 Divid Stir 3.56 3.9 YOU SHOULD rST HAVE TRANE StffiS Cus B2 23.97 24.15 Advise Fd 1.2 MO 7.71 1.43 4.33 4.73 Qtly Dist Rep Tech DowTh In 6.91 7.55 CUS B3 17.70 19.31 i Fd I.S5 .35 Resch Inv 14.07 15.38 Dreyfus 24.21 26.42 4.01 4.34 Eatn Bal 12.0213.06 Cus B4 10.97 11.97 Cus Kl 9. IS 10.35 Cus KI 6.41 7.00 Eatn She 15.56 6.91 Am Bus Am Grth Am Inv Am Mut Am Pee 7.07 7.41 30.74 30.74 .3 10.SS Unavell Cus SI 22.84 24.91 Emply Gr 23.75 25.201 Energy 13.4413.44 Equity 10.30 10.67! Fm BMut 10.20 10.201 Fed Grth 13.61 14.11 CENTRAL Asss Fd 1.67 1.13 Cus S2 1 2.84 1 4.02 Cus S3 20.01 21.43 Cut S4 6.17 6.74 In, Fd 15.85 17.14 Fid Cap 14.3615.61 Knickers 7.19 7.1! Knlck Gth 9.1910.07 AIR CONDITIONING! Lazard 16.50 16.75 Lexingt 10.41 11.45 Fid Fund 11.1519.42 Fid Trnd 27.45 29.14! Fid Mut 9.14 9.9?! Fstln Grttl 1.39 9.20 F.I.F. 5.45 5.96i Namdor, 2425 Hollywood real estate rental and construction, Paul Glasel, Richard Leben, Lawrence Meyer, all Hollywood. Edward-Elliot, 1011 14th deal In real and personal property, Edward Goldfarb, Margaret Goldtarb, Morris Goldfarb, all Hollywood. WEST HOLLYWOOD William B.

Cressem 440 SW 35th cooling and refrigeration machinery, William B. Cresse, John Cresse, Vera M. Cresse, all West Hollywood. POMPANO BEACH Fact 1220 NE 23rd deal In real and personal property. Herbert R.

Benton, Louise Earle, Robert J. Hall, R. L. Hofmann, all Ft. Lauderdale; Mariam Reddick, Coral Springs.

C-T Stales, 2335 Atlantic raise, train and race horses, William Ranagham. Dorothy T. Case, Elizabeth S. Dickey, all Pompano Beach. Gator Products, Rd.

1, Box 92, general merchandise, Ralph Peck Ralph Peck bolh West Palm Beach; Virgie Everett, Boca Raton. Kash N' Kerry Wholesale Produce 750 Sample grocery store, William A. Zriher, Avlease L. Steagall, Beverly M. Pannbacker, all Ft.

might be proposed: The contractual or front-end loan fund one of the most rapidly growing where the investor agrees to buy a specific amount of shares in a fund over a period of time. About half his first year's payment is charged to salesmen's commissions and other fees. Management fees which some experts contend are too high and can absorb as much as 40 per cent of a shareholder's dividends. Reduction of commissioners. Possible curbs on fee splitting, now permitted by law, between mutual funds and the stock brokers who actually do the buying and selling of stocks for the funds.

About 3.5 million persons now invest in mutual funds. In a mutual fund, a person can spread his investment over a wide range of securities, rather than simply buy one issue on the stock market. The mutual fund investor purchases shares in a port Fstln Stk 10.4111.53 Fla Gth 6.40 6.99 Assn InFd t.ti 7.7? Axe Houghton: Fund A 7.41 Fund I .5 10.12 Stock 5.45 (.17 Sci Elec 14.33 17.7J Blue Rid 12.4513.61 Bondstk (.12 4.4? Boat Fd 143 10.31 Broad St 14.95 16.16 Bullock 14.67 16.0 Can Gen .32 Cdn Fd 17.1519.31 Caplt 'ne .5 Capit Shr 7.03 7.71 Cent Shr 11.1712.21 Channlng Funds: Ralan 13,11 14.33 Com Stk 2.05 2.24 Grwth 15.61 17.14 Life Inv 6.93 7.51 Life Stk 5.12 5.58 Loom 79.M 29.29 Loom Say 15.3615.36 Manhtn S.34 9.11 Mass Gth 10.49 11.46 Mass Tr 16.1517.65 Mass Life 11.6312.71 Morton Funds: Growth 9.01 9.17 Revere 13.65 14.84 Scudder Funds: Bal 18.8518.85 Com St 11.89 11.89 Intl Inv 14.7331.98 Sec Eqult 10.48 11.45 Selec Am 11.47 12.41 Shrhold 11.29 12.34 Shrs Am unavlbie Sw Invest 9.15 9.89 Sover Inv 16.01 17.53 State St 44.46 44.75 Stdmn Sc unavlbla Stein Roa Funds: Bal 20.70 20.70 Stock 13.22 13.22 Intl 14.55 14.55 Sterl Inv 13.13 14.19 Telev I 9.55 10.41 Temp Gt 15.04 16.43 Texas Fd 12.80 13.99 TwnC Gth 5.22 S.70 TwnC Inc 5.55 4.07 United Funds: Accm 17.43 1M5 Incom 13.70 14.97 Scien Ml 10.17 UnFd Can S.27 5 76 Value Line Funds: Val Line 7.10 7.78 Incom 5.92 6.49 Sol Sit 4.79 5.25 Vengd 5.27 5.76 Var IndPI 5.65 6.14 WallSt In 10.74 11.74 Wash Mu 11.64 12.72 Well Fd 13.85 15.10 West Ind 7.30 7.91 Whltfhll 13.49 14.58 Wndsr Fd 17.88 19.43 Wlnlleld 9.18 10.03 Wlscon 7.19 7.86 Incom Fnd Lf 5.39 5.19 Fnd Mut 7.97 1.71 Foursq 12.74 13.92 Franklin Custdn: Com Stk 7.15 7.16 Incom 3.21 3.53 Pf Stk 2.74 3.01 Utll 7.36 8.09 Fund Am 9.9610.19 Fund Inv 11.7412.17 Gen Invest 6.77 7.36 Group Sec: Aero Sci 9.91 10.16 You get o7I the followin eahires-ani more Tvith a Trane Climate Changer air conditioner! NEW QUIETNESS-SounrJ-isolated J-23 compTMSor ENGINEERED RELIABILITY-Extensively tested J-23 Compressor EFFICI ENT, 1-row coila-Lower power requirerrteritJ DESIGNED FOR ECONOMY-Heduced installation costs 4.29 4.70 6.90 7.56 17.70 19.14 Ipsuran MIF Fd Retail Sales Total Listed For The Year Broward County retail sales totaled $816,939,000 in 1965, the retail merchants division of the Greater Ft. Lauderdale Chamber of Commerce reported. The figures were compiled by the research department of The News, based on sales and use tax reports, the merchants division said.

The report said 76 per cent of the retail sales were by residents of the county and 24 per cent by visitors. The retail sales by months were listed as January, February, March, April, May, June, July, August, September, October, November, $69,512,000, and December, $93,723,000. MIF Gth 5.64 6.10 1.54 33 Mut Shrs 16.56 16.56 Mut Trust 2.69 2.75 Incom Intl 1.56 2.66 2.91 Special Nat WSeC 11.24 12.16 Nat Inves 6.51 7.04 Com St 14.01 15.34 Chase Fd 9.5010.31 Chem Fd 16.07 17.57 Nat Sec Ser Ful Ad 9.19 10.14 Balan 11.37 12.431 20.45 21.06 2.50 2.73 Citadel 14.21 15.61 1.53 1.66 est sec Bring cool, fresh comfort to your home with central air 25.05 25.05 Colon rd 12.5513.72 6.46 7.06 4.85 5.30 7.20 7.17 6.07 6.63 Bond Divid Pf Stk Incom Stock Grwth Grth Ind Gryphon Guardn Ham hda Manh Imp Cap Imp Fd Inc Fnd Colon Gth 14 6015.96 ComSt Bd 4.21 4.51 5.113 5.61 16.1916.16 9.41 10.23 8.43 9.2 Commonw th Fds S.17 5.62 conditioning by Trane-the people who air condition everything from skyscrapers to jet planes to -i PAINTING Residential a Commercial Sand Blasting White Roots Glass Window Tinting Driveway Sealcoating Tom Gustafson INDUSTRIES JA 2-4768 Ceo Fd 13.3514.59 .38 10.25 6.78 7.43 Nat Wast I.SC 13.99 Incom 9.92 10.84 8.13 1.19 Inc- Bost NEA Mut 10.92 11.14 New Eng 11.05 Invest 10.1911.14 Stock 10.0010.93 passenger irams. -au us iouay ivt Ind Trend 11.9513.06 InsBk Stk Unavail Inv CoAm 12.71 13 .19, New Hor 13.28 13.41 Noreast 18.05 11.05 ComTr AS 1.63 ComTr CD 1.71 folio of securities held by the fund and receives periodic dividends. Mutual fund total assets in 1940 were less than $500 million.

While the economy has increased seven-fold since HAMILTON-HEBB CORP. 4308 N.E. 11th Avenue, Ft. Lauderdale Ph. LO 4-6719 Arabs Will Cap Coke If Israel Deal Made then, mutual funds have grown 70 times over.

THE BEST COUNSEL PRECEDES THE BEST INVESTMENT Far "Full Service' In tha Sale, Rtntal, Exchange, Development and Property Management af Residential, Commercial, Industrial, Acreage and Farm propertles-CONSULT Jf REALTORS Fort Liudirdals's Largest Growing With Florida Sinct 1MI FOUR OFFICES TO SERVE YOU Executive Offlctsi 12M I.E. 17th St. FHONI S25-11S1 PRR Orders Engines PHILADELPHIA The Pennsylvania Railraod has ordered 100 heavy duty die-sel-electric locomotives, to cost more than $27 million, company officials said. Electro Motive will build 65 of the locomotives, General Electric will supply 20, and, Alco Products 15. summer over American soda pop.

Coca Cola has bottling plants in most Arab states, expect Syria and Jordan. Marjoub's boycott office said it has reports Coca Cola is planning to grant a concession in Israel to Abraham Fein-berg, a New York financier and former chairman of the board of trustees of Brandeis University. A spokesman for Coca Cola's export division at New York confirmed that the company is considering extending a franchise to Feinberg. Qic jiffiiin MtkataHMHHHaHHaBI 0 J4 jj 1 DAMASCUS, Syria. OfV-The Arab League said it has warned the Coca Cola Co.

of boycotts and plant closures if the firm tries to do business with Israel. Mohammed Marjoub, commissioner general of the league's office in charge of boycotting Israel, said the Arab world would be ordered to close Coca Cola plants in three months if a concession were granted for a factory in the Jewish state. Furthermore, Marjoub said, the Arab League would ask other Islamic countries, such as Pakistan and Indonesia, to swear off Coca Cola if Israelis begin drinking it. Arabs traditionally sip large quantities of heavily-sweetened coffee and tea, but in recent years have gained a yen for soft drinks. In Cairo, in fact, "ROYAL! vow Forty acres of difference-at prices that are different; too.

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