Salt Lake Telegram | 1931-09-19 | Page 10 | Local Stocks Run into an Air Pocket

lC l UN INT INTO AN 11 AI AIR POCKET Week Ends With Wih Precipitate I Decline of Blue Blu Chip Mining Shares A n new w bottom was es established by bythe bythe bythe Lake Stock exchange Sat SaU the Salt Sal The gradual decline in jn prices c cIn o in irs progress for several severa days suddenly sudden sudden- r op p ly y became precipitate Losses of 10 0 c o oto to 15 points from their previous closing cbs clos- cos I ing sales pint were sustained d by Silver Siver 1 T King Coalition Coalton and Tintic Standard Walker Mine had already been Under under un Un- t b der the guillotine so its it drop was a aless j less pronounced Walker In fact tact les started on the te reverse everse path pat giving s sa saI bottom of 01 this a an Indication that the o 0 recession aI had been touched touched a aThe aThe The first sale of Walker established s a new low One hundred i il shares passed sd over oyer at 97 07 cents cent The t second sale consisted of ot shares at 98 08 The third doubled In volume o 0 of and the te share thare lot brought 99 09 e cents corresponding to the previous o 0 of w in w Silver King also staged a partial reco ey recovery Siver from troi an initial low of ot and closed the call cl with wIt a sale sae of at 20 Tintic Standards Standard's opening at 35 3 ran rm into a further loss los with wih a 50 share sl sale at 30 The lowering of prices gave rise as Te on op previous days to lively trad trad- ing lug There seemed to be no lack of money for tor purchase of stocks which appeared to conform to buyers' buyers Ideas of ot bargain bagain offerings Certain Certin issues fell teU but little below their recent levels Among these tese were Park City Consolidated Sacramento Sacramento Sacramento Sacra Sacra- mento Zuma and Park Premier A