Salt Lake Telegram | 1927-01-23 | Page 22 | Chief Consolidated, Biggest Benefactor from North Lily Strike, Figures Good Buy

Chief Big Biggest est 1 F From rom North Lily liy Strike Figures Good oo f y Company Owns or Controls All Al Important Property S- S rounding North Lily Liy and Is in Direct Course of Ore Channel Stock Way Behind I Market Maket Level Chief Consolidated seems to bo be the company that should he be bete the te greatest benefactor from the North Lily LIy strike strite If the ore depo Is a any thIng near as important as now believed In the frenzIed y trading the seems to have entirely overlooked Cons stock although many careful traders been buying the stock at present prices in small lots so as not to Chief Consolidated or tho most important surrounding the Lily aEd according to the meager that has been obtained so far ore seems Certain tO extend cvet into the Chief territory One freak of the market IS that in which Chief Consolidated cally have whole ownership or with its stock ownership In pie tug Mining company are selling a market value far in advance of price of Chief stock the Chief Cons company's original are the major and lead pF of the state USE OF FORESIGHT Chief Consolidated owns the Tintic Bullion property the important pieces of ground west of the North LII arid also the group to the north and other claim adjoining the North and the Copper Leaf property ofte Consolidated These are complete stock in Eurt Lilly and Eureka and Easi Tintic Consolidate These are company's holdings North Lily property It also hIs half ownership in two ground with Tintic Standard that lies north of Lily Eureka Lilly I Chief Consolidated has ed ownership In ground entire Tintic ct so that thIe is sCarcely a place where a strike of importance can be made that it will not be in a to from it It as a-as f sight that gave its splendid position in the of the Et that has sent the Tintic Tin Tin- tic stocks on one of tite most most's s bui markets n tweEt S SIn In addition the Chief owns a most complete stock ownership n an important o t e Tintie district sharing honors wih the Monarch Mining one of the most Important LOre bodies opened in the Tintic district in recent years BONDS CONVERTIBLE Chief Consolidated while properties It controlled were jump jump- lug up In price many times until Friday the buying became mort heated and the stock started to Vance Saturday the bids w for this stock but one rat large block came out on and professional traders bid the price down to gather Close students of conditions in tic and careful market that the Chief Consolidate a athe the real sleeper of the market and predict sharp price a vances as it is now lagging hInd the present level of the on the Salt Lake exchange Holders of the hief dated first mortgage bonds are ina splendid condition to benefit from the clause The bonds are convertible into stock of Chief Consolidated Mining at a share The strike In North Lily has value on paper of the Chief Cou stock and the convertible privilege should soon bring a goed for the ket value of bonds if the North Lily strike proves out I