Salt Lake Telegram | 1922-01-01 | Page 30 | Better Market Seen for 1922

BETTER MARKET MARKETS I S SEEN rR 19 1922 I President of S. S L. L Exchange Predicts Prosperity for Mining and Business I I I am nm confident that we e shall Ihal experience lively market conditions during the rooting coming I year NU The splendid condition of at tho market mar soar ket e fit at the close clone of ot 1921 1021 con can bo be token taken n nn as asa n a forerunner of r t the l Improvement o C that n will I b b experienced in 1922 1022 With the gradual resumption t n of mining operations there is Is' Is certain to b be experienced a renewed elt demand rr i ifor for stock stok issues The reopening of at the th I mines also niso n means mt better t times nt's generally for Tills Thi can cn be b realized when it lit iii II i remembered that just one ono mining mIg company i iwho who whose hofte propertied now slow are ae closed cloned cO but whirls which is planning soon toon to resume operations furnishes fur fur- J Hn t I fishes directly and indirectly it Q payroll pyrl to toi t. t tilling a 1 third tW of that of the entire state Tills This Til fact tat proves protea pr e that U ot mining is b a Q boslo basio In Industry In- In I- I of the to state R. n. n J J. J Evans president Salt Lake stock clock and mining exchange The market ended 1921 In an active manner manner man man- ner ncr and a a display of strength that was Wa In marked contrast to the market conditions I which prevailed at the close of 1920 The comp comparison rleon was so marked In favor of the tho year ended et Ite yesterday ier ib that brokers e is iser generally er I declared fa that It meant n nothing t else than a astill astill still sti further Increase in activity and strength with wih the tho advance of 1922 I IThe The amount mount of business transacted In 1920 was much greater than that done in 1921 lOn but the cos cbs closi of the former year Indicated a declining market while just the reverse revere was tOte the tho case cas this year yer The sales saies during 1921 totaled shares with a market Value of ot as compared with shares with a avalue avalue I value of In 1920 Saturdays Saturday's to talc were shares share with a a value ot of for the week shares and and nd for the month shares and O The week closed with Ut Utah Michigan h and and Alta Ala Tunnel still sUI occupying the center of ot the stage as aa a result resul of the recent good advances ad ad- vances enjoyed by these stocks stocks Although there was some profit taking made possible by the recent advance both stocks displayed unusual strength all ol of ot the offerings being readily taken The Tho mine developments In Utah Michigan-Utah and and Alt Alta Tunnel and which have resulted In the recent gains have affected Alta Aita Alto Consolidated Consolidated Con Con- sold ted whose property Is I located In the same district This stock which ha has been dormant for tor some time and with quotations of ot le and yesterday sold at 40 And nd closed at BIngham Galena Galena sales which Friday amounted to shares yesterday totaled shares at Ic lc Among the priced shares Silver Siver King Coalition Coalton g gained ined 2 cents cent and Tintic Standard lost that amount while Walker Valker held at t Fridays Friday's Fridays figures figure