| Show m GOLD h OLD LD SHORTAGE p WAKENS KENS MINES r 4 Exchange Francisco Sao San Foresees Biggest President p 5 doom Boom of Century r RICHARD C. C WILSON d B BY Press Fress Staff tarr Correspondent FRANCISCO June 10 io UP SAN CAW given the worlds world's short short- when the United gold e e of monetary abandoned 23 the gold standard standardS S stimulated the greatest mining t bu In the western states of the I t activity v t Investors century centY have hay hay-e. turned their alien alien- which mining industry to th the lion ber of years has drawn ever evern number f ib r a 3 IntereStS Interest The San Fran Fran- Francisco FranCO l n toW to- to cisco mining exchange reported CO trading in May lay has doubled W that of May 1932 WIth a correspond correspond- Jag increase in in value of oe shares traded Charles harles E. E Hudson president of the ther f exchange predicted the 1933 r of InIng boom will be the biggest ii present century He warned poP po po- P the Still Investors however to r- r tf tc before purchasing mining t It iU has been a known fact for lor several sev sev- 5 eral years that a scarcity of gold ex ex- f Wed he Big business I j knew about it it but the general public reflected to take heed of the situa situa- tIon in in- fr V. V D DUring ring recent weeks however vestment S-vestment and spec speculation latIon in mines t. t hu been rolling high Some are arc in in- vesting sting in steadily producing prop- prop trUes others are speculating specula ting in pros pros- i ts that may mayor or may not develop paying enterprises BUOYING EQUIPS 1 MINES MINESa S a Increased buying of mining issues k providing many of the west's larg- larg funds needed companies test I. mining C ow activities and nr install mod mod- C ow IW rn em eIn machinery pAn j. An increase of 10 cents an ounce t f ST ST. for silver has revived interest in the thet t white while metal in the mining areas of Jv Colorado whit rado met Utah Nevada and other oter i uth V eter Cl estern tern states Officials of the min min- iCIng Bine exchange anticipate a a sharp increase in in- i. i in silver production for 1933 crease trease siver crea In April when world attention was wa focused I on gold and silver siver trading Ic ion the local mining minin exchange shot forward c at double double the pace of previous previous pre pre- pre months month month A total of Shares hares chanced ed hands had with a I total lae of The Te month of iJane 1932 a good month for that year u saw shares she change Hinds with wih a value of Most Mast Mot Mott t thi trading has ha been in shares of old t mining companies companie own own- i l l i g producing properties of proven prove V worth 9 Activity on the world famous Com Com- fM f lode loe of Nevada resembles the te gold fold rush days of last lat century declared de- de de Jf Franklin Frankli C. C Leonard Lonard New NewYork 7 York attorney and ad president of the thi Sutro Tunnel Coalition Calton Inc Ic Leon Leon- Lon I wd ud has bas ha been affiliated with wIt Com Coin J k activities since 1894 COM COMSTOCK'S STOCKS STOCK'S COMEBACK itis j t is a thrilling sight to mining me men e to t see se ee new modern modem buildings and machinery machner going up in the midst f li t the te old dilapidated structures he Strings of or fleet motor trucks truc fic l are ae re hauling the ore to t the mills mil of the te Comstock district t faster fater than tn they can ca handle the present toon tion ton Veteran mining mig men believe beleve they J live to see the C Comstock lode p produce duce another billion bilon dollars dollars' worth fc of gold and silver siver v. v 1 Another sc scene n of bustling activity City district dis- dis the Grass Gra Valley Nevada Nevada Valey-Nevada d of California where more than tha 1100 men were on the te mine mie payrolls payroll today tor a 10 per cent increase over ix months month ago It I was wa estimated fi told gold production In I that district for 13 will wi exceed This dis- dis I been a steady gold producer f 1850 1 Outstanding development In the Grass Gr Valley Valey district has been bee the te complete rehabilitation of the Idaho Idaho- Maryland company property which wu wa closed 25 years year ago after ater pro pro- producing pro more than tha Mining men Jen predict the property now bids bid T fair to t equal that record in i the next f few fe years as the te result reut of the worlds world's words word's u t feverish cry for more gold to t carry cary i International commerce |
