Salt Lake Telegram | 1928-12-08 | Page 6 | Mine and Mart Comment

Mine and Mart Comment L By LEE WILLIAMS FAVOR UTAH SECURITIES Utah securities are commanding confidence among eastern Investors who realize that these securities represent sound round properties accordIng accord accord- Ins Ing to E. E O. O Howard who returned Friday from a three weeks weeks' business bustness bust busi ness trip to tile the cast Mr Howard conferred with business bustness bust busi ness and Industrial heads at NewYork New York and Chicago He reports that there Is evidence of prosperity in all of the sections of tIle the country that ho visited Remarkable Remarkable Re Re- activity can be observed on every hand he said and indications indica indica- lions are that these conditions will trill prevail for lor years He characterized tile tho s stock ock market mar mar- ket icet activity that hat followed the election elec elec- tion as an expression of the bust ness mens men's confidence Jn in the country coun coun- try t STOCK PERMIT GIVEN The Tho state securities commission on Saturday granted the tho Electric Ad Service company a permit t to sell shares of cumulative participating par par- preferred stock at a share The company proposes pro pra poses to give shares of common stock as a bonus with each two shares of preferred stock sold Don C. C Wood is president and the head quarters are aro in Salt Lake City NEW STOCK AUTHORIZED United States Smelting Refining Mining company directors havo authorized issuance of ad additional ad common shares to common stockholders of record December 10 at 55 a 3 sharp share according to an As Associated As Press dispatch from New York The new stock will be Issued in the ratio of five eighths share for each share held Proceeds will bo be used to retire 5 51 2 2 1 pet pe cent debentures PARK CITY SHIPMENTS Mines in the Park City district shipped a total of pounds of ore during the week ending Sat Shipments by mines and in pounds follow Park Utah Consolidated Consoli dated Silver King Coalition tion Ontario New Quincy v