Show P PARK ARK CITY CON I DIP flip EXPLAINED The sudden udden drop in the stock o othe or of orthe the Park City ity Consolidated Mines Mine company company-a. a drop that has haa carried it from a high of ot 70 cents this year yea to a low of 24 was wu was explained Monday Monday fonday Mon Mon- day with the that the Engineers Engineers' Exploration and Mining corporation which controls Park Par City is selling a I large larg rge part of ot its holdings I IThe The first clue tho heavy selling flUng that has hab been the depressing market market market mar mar- ket for th the stock for weeks vas was supplied supplied supplied sup sup- plied when J J. J A. A Barclay president nt of ot the Salt Lake stock exchange took the callers caller's stand at Monday mornings morning's session and read from a prospectus announcing that the Engineers Engineers' Engineers Engineers' Engineers Engineers' En- En En En- Exploration and Mining corporation is selling shares share of f stock in Park City Consolidated The shares offered for sale said Mr Barclay consist of ot the following following follow follow- ing First 2 shares now owned own by Engineers' Engineers Exploration and Mining corporation second hares shares of sto stock ck o otho ot of tho the Park City Consolidated Mines Mine company and which are now under unde option to the Engineers' Engineers Exploration tion and Mining corporation this option being being- exercisable in part o oin or orin orin in whole As sales are completed stock will be delivered in the order orde above stated that is Is Engineers Engineers' Exploration and Mining corporation stock will be sold first according to the present sent intention The estimated net proceeds to be raised by the sale of ot these shares of ot option stock for tor the Park City Consolidated Mines company Ss is 15 to the Park City Cily Consolidated Con Con- Mines company The pro pro- from Crom the sale of shares now already owned by Engin Engineers Engineers' ers ers' Exploration ExploitatIon atlo and Mining corporation at an estimated sale sate price of ot 48 cents are and are not for forthe forthe the Park City City- Consolidated Mines company company- but for tor the Engineers Exploration and Mining comp company Park City Consolidated Mines company intends to use part parl of ot f the I m money noney ner it receives to complete p pay payments pay pay- y- y ments for tor mining properties being purchased under option agreements the tho prospectus recites and Engineers Engineers' Engineers Engineers' Engineers Engineers' Engi Engi- Exploration and Mining company corn com pany will use part of ot the money i It receives to purchase stock under its option on the shares The liThe sto stock k will vili be sold in part on the Salt Lake stock exchange the prospectus goes on in small lots from time lime to time and in such uch qua qua qua- titles as the market can readily ab ab- ab Instructions to the brokers will wm be not to offer affer the tho sto stock k for tor sale l in such a manner manner as to depress the market It is estimated about to shares can can b be sold in this manner by January 1 1936 It It- Itis Is anticipated the greater part of the stock stack will wUl be besold sold at private vate vats sale saI to to a few tew people Interested in hi its purchase as a speculative In In- yes vestment e nt Park City Consolidated Mines Mind company's capitalization consists oj of shares of ot a par value of 10 cents On J June ne 2 1935 stock outstanding outstanding outstanding out out- standing totaled shares Of that number shares were own owned d by the Engineers' Engineers Exploration tion and Mining comp company ny |