Salt Lake Telegram | 1929-04-28 | Page 31 | Salt Lake Miring Stocks Make Definite Headway toward Higher Price Level

SALT LAKE MINING MIMING STOCKS MAKE DEFINITE HEADWAY TOWARD TOWAR HIGHER PRICE East Tintic Group Strong Except 7 i For Knight Issues Which Suffer r r. r I i Fr From m Heavy P Profit oft Taking Sales North Lily Jumps 25 Cents to 85 and ad Walker Rallies Rallis Ral Ral- I lies lis i Sharply Alta Group o of Shares Deve Develops ops ImI Impressive Im- Im I 1 Strength Park Bingham Bingha Suffers Most Extreme me Break of Season Drops t to 6 6 c By LEE WILLIAMS l Despite the cropping out of several soft spots spot definite headway to toward toward to to- ward higher prices for mining stocks was made on the Salt Lake exchange ex cx- change chang change yard during Saturdays Saturday's short session Busin ss was in in unusually large Volume for a half holiday half and was well el distributed over the list East ast Tintic issues remained strong with wih the exception of the he Knight inIght issues which suffered from f 1 taking sales saes on the substantial substantial ta advances of the fore part of ot the week Rumors are rife rite that tat a adeal a d deal alls is pending between the Knight Interests and the International Smelting company b but t so far lack c confirmation Liy made the the- widest the widest advance ad ad vance ance In the East Tintic group the price jumping to Up lip 25 celt cents cent from Irom Fridays Friday's final transaction Chief hief Consolidated opened with Wih an overnight gain of or 15 15 cents at I Ind and nd climbed to a share Eureka Eureka Eu Eu- reka reka Lilly Liy strengthened to sell sel from to 2 2071 2 20 1 2 but the closing bid dropped to 2022 1 i Big Big Bg Hill Hi opened firmly at 44 H cents bt sold off to 40 cents under pes- pes pres- pres mire wre tre of shares The cos close was wasa a little stronger however 41 cents bid Empire Mines eased off from froin 19 to 19 to 18 IS cents under the sale of shares chares Eureka Eurela Bullion Bulon was oft off pening at 96 and selling down a at nt t East Est Tintic Consolidated re responded responded re- re reI re-j re I at 75 15 5 cents Park Bingham suffered the most severe ere break of the day The stock opened easier at 9 cents and steadily stead stead- fly ily Jy declined to 6 61 2 2 1 cents before buying buring strength turned the trend u upward ward The closing quotation was was 1 7 4 4 1 cents bid The assessment sale tit f the stock which was held Saturday morning was reported to have been beena a factor In the decline which was made under the turnover of or 1750 shares p The North Tintic issues Lehi Tintic Tin Tin- tic lie and Tinto Empire shook off ot the lethargy which has enveloped them for nearly a a week and both m made de substantial price gains the f former selling up to 19 tents cents and the latter to 12 cents a share Encouraging En- En reports from the mines Jh re active development Is is under underway way my Is responsible for the Interest in fri in these shares The Al Alta stocks developed Impressive impressive im Im- im- im strength under increased buying support Howell Howel opened with wih an overnight gain at 23 2 1 cents and climbed steadily to 27 2 1 tents under accumulation of shares hares Tar Baby traded at 17 cents up 3 cents cents and Ken Kennebec was active and stronger at 26 cents cents' a a share Cardiff responded at 45 and American Metals at 3 nt cents cents' a a share both improved prices Walker l alker rallied sharply as confidence con con- confidence was wa restored in the stock py w the recent favorable annual re re- re port It I opened with wih an overnight gain of 15 cents at and sold as high as a n share 1 New New ew Quincy was a little stronger opening at up 2 2 1 cents and selling up to 2 1 a share The closing dosing bid was easier however jat at 1 Silver Siver King Coalition Coalton eld firmly at 1425 under the trade o fi shares and East Utah was If firm fir at 38 2 1 cents a a. share Park Premier was barely barely steady at 99 cents Jents and 1 1 and Park King held ram irm 17 7 2 1 to 28 cents a a share annotations and sales for Saturday Saturday Satur Satur- day r follow