Salt Lake Telegram | 1928-12-16 | Page 36 | Mine and Mart Comment

Mine Mie and T r Mart Mar 1 l Comment By LEE WILLAMS WILLIAMS PARK CITY SHIPMENTS Une in n the Park City district shipped a total of Pounds of ot ore dUring 3 tota the week ended Fri Fl d day Shipments durIng by mines in ill pounds poud follow Utah Park Park Uth Park Consolidated Sliver Silver Coalition 7 Q Siver New Q incy 1 67 09 Ontario Ontario Ontario On On- tario Pak Pali Pal Galena TINTIC SHIPMENTS district Mines in the Tintic shipped a a total of ot 19 carloads of pe ore durIng the week Shipments by mines and In carloads follow Tintic Standard 48 46 North LUy 17 American Smelting and Refining company 12 1 BIngham Mines 5 Bullion Bumon Beck Bek 5 B Cente Centennial nial Eureka 2 Mammoth Mammo h. h 8 Chief Chiet Consolidated 6 Eureka Eureka Lilly Liy 8 10 TO DRILL IN UTAH Papers were filed with wih the Colorado ColOrado Colo Colo Colorado rado secretary fie of ot state state- early this week by Colonel T. T B. B Burbidge Kenaz Huffman Hufman Colonel and Miller Mier Robert Taylor for tor the Incorporation of ot two new oil units unis The first to be 01 known lown as Miller Mier Robert RODert Taylor Inc will be a holding and royalty compan company com coin wi a pan pany capitalized at while the second a subsidiary will be known as Inc and will bea bea be bea a a drilling corporation capitalized at t one half million n dollars one hal Miller Robert Taylor Inc will commence Mme operations with wih leases of ot acres aces of ot land in Wyoming Colorado and Utah Inc has has' a a 1929 drilling program calling the Wyoming for three thre wells wels one on Lincoln county Wyoming Wyoming Wyoming Wyo Wyo- ming one on a structure in Uintah county Wyoming and one offsetting offsetting offset offset- ting production i in Texas It is is understood that that Dean H. H Winchester will be the chief geologist geologist geologist gist for the company CAUTION ADVOCATED The ot of stocks in the hands of ot small smal speculators arid and the recent rise in money rates are factors which mal make e It it imperative for the investor to exercise the greatest caution cauton In selecting his stocks The Brookmire Economic Service Inc Ine says A sudden br break ak affecting any Iny considerable number of stocks would cause thousands of ot sma small speculators to td se sell in a a frantic ef effort effort of- of fort to save the bulk bulof of their quick profits a feature which must be considered Furthermore while the recent rise in in money money rates is temporary temporary tom tem tem tem- the credit outlook does not warrant a continuation of ot the present present present pres pres- ent rate of ot borrowing the service states state They emphasize the fact tac that although caution caption must be exercised exercised ex ex- ex- ex the trend of many stocks is 15 still upward and that the outright investor sho should hl have bave a position In Inthe inthe inthe the market but also a a substantial reserve reserve of buying power In this market the stocks to be selected are those which have remained somewhat somewhat somewhat some some- what dormant because bause of the breadth of of the market and those which have such unusual prospects ti that temporary reactions can be ignored