Show Salt Lakers Take Over New l York Bonanza A deal has just been boon completed whereby the New York Bonanza property property property prop prop- erty In Park City has been sold to a syndicate of ot Salt Lake men The Tho company company com corn pany patsy will be financed by eastern capItal capItal cap cap- ital and on nn extensive development campaign n will soon be started The Bonanza adjoins the tho prop property of or ortho the tho which Is said to have I developed an ore body within fifty feet Ceet of or the Bonanza line Une The Tho property of ot the Bonanza comprises seven claims Stock of the tile Bonanza once was In Included Included In- In eluded in the assets of ot the Merchants bank Prior to the failure ot of the bank some of the tho officials anI their friends formed the company which purchased the Bonanza stock amon among other securities This Tills stock now has bean beon bought by a a. syndicate of or Salt Lake men In the rubber and associated tra traders ers we are witnessing the effect of overextension overextension over over- extension of ot credits In the discussion among imong cr creditors of ot the tho affairs some largo large crude rubber and tire concerns arc ire having having- difficulty difficult in carrying inventories inventories tories swollen by railroad troubles and reaction in tr trade do Even Eyon some companies companes compan- compan ies es that within a comparatively short time timo have hare had recourse to the tho appear to bo be moro more or less pressed Morse 1 orse |