Mining Matters Matters- Sales And Shipments WORK PROGRESSING AT ATTHE ATTIlE ATTim Tim TIlE GAY lAY LEASE SE Work on the Billy Gay lease Is progressing pro pro- greasing gressing in fine shape The shaft and tunnel have been reconditioned anc and opened up The has been re- re timbered and is in readiness for an emergency Five men are now employed on the lease and will soon get to a point where actual ore production will bb 00 made UTAH UT SUPREME Jt COURT COUnT RULES STOCKS I INVALID ALID The so-called so Johnson group or of stockholders stockholders stock stock- holders in New Quincy Mining C Co lost I control of the company as a result of a a II I handed Utah supreme court decision down Monday I In affirming a lower court ruling I the supreme court held that a certain block of ot shares of stock by means of which the group maintained control was Issued Improperly The court in a decision written by Justice Eugene E. E Pratt said it follows as a matter of course that the Johnson group are not properly elected officers of the company The court upheld the position of Nick Floor representing himself and other stockholders opposed to the Johnson group who brought the action against M. M B. B Johnson S. S B. B Tuttle New Quincy Mining Co J. J C. C Johnson and J. J C C. C Johnson as trustee Ferdinand F. F Hintze Empire Canyon Mining Co A. A N. N Seller Seiler A. A C. C D. D C. C Coulam E. E W W. Evans and A. A O. O Johnson Tho The record showed that with the I disputed shares of stock declared invalid the Floor group apparently apparently could control the company In a second action brought by New Quincy Mining Co and Harold Bowman Bow Bow- man secretary of the Floor group against M. M B. B Johnson the court ordered order- order ed that all records of ot the company be turned over to Mr Bowman I J Still Stilt another decision based on the I j I findings in the first held that a meetIng meeting meeting meet- meet J ing of May 13 13 1947 engineered by the Johnson group was null and void This I II I action was brought by the state of I Utah Uon on the relation of J. J A. A Kahn Ward R. R McAllister Nick Floor R. R A. A Glenny John Cairo Harold Bowman and J J. J Carlos Croft against M. M D. D Johnson 8 S. S B. B Tuttle Arnold M. M Seller A. A G. G Johnson A. A C. C E. E R. R Eva Evans and D. D C. C Coulam Salt Salt Lake Tribune I I SHIPMENTS ESTS I I New Park I Park Utah Keetley Park Faik Utah Consolidated Silver Sliver King Coalition cons Total STOCK SALES THURSDAY East Utah at at Park City Consolidated 1100 at New York Exchange Park Utah at a. Silver Sliver King Coalition at FRIDAY FRIDAYE E Ei EUtah t Utah at 1100 at at I New Park at at 2 Park City Consolidated 1500 at I New York Exchange New Park at I Park Utah 1800 at Silver King Coalition 2000 at I SATURDAY East Utah 2200 at 1000 at Gic New Park at New York Exchange New Park at Park Utah at Silver King iCing Coalition at 4 MONDAY East Utah 2000 at Kew tew Park 1000 at 1 New York Exchange New Park at Park Utah at Silver SUver King Coalition at TUESDAY Cardiff at 31 Vic c. c Columbus Rexall at Commonwealth alth Lead 1000 at 3 Consolidated Eureka 2000 at 8 Crescent Eagle Cagle at at Continued on CU Page Four Mining Matters Continued from Pane Pace One East Standard 1500 at 4 East Utah 1300 at Eureka Bullion 1000 at 11 Eureka Lilly 1900 at at Grand Orand Deposit 2000 at 50 Leonora 1000 at 5 c. c Little May 1000 at 20 Madison Mines 2000 at at Park City Consolidated at Sliver Silver Shield at 40 Silver Sliver Standard 1000 at 3 c. c Standard at Utah Idaho Sugar Com Corn 38 at Bingham Metals 1000 at 2 tc 21 c Indian Queen 1000 at 2 0 at 20 Pioche Bristol at 4 4 c. c Sliver Silver King Western 1000 at Union Chief 1000 at S' S New York Exchange New Park at Park Utah at a. Silver Stiver King Coalition 1000 at WEDNESDAY New Park at Park City Consolidated at East Utah at New York Exchange New Park at I ParK ParI Utah 1100 at 4 2121 Silver Sliver King Coalition 1200 at