Salt Lake Telegram | 1929-06-23 | Page 22 | Mining Stock Prices Point Upward as Week Closes on Salt Lake

MINING STOCK PRICES PAINT UPWARD AS WEEK CLOSES ON SALT LAKE LI M Market ket Exhibits Undercurrent Of Of S Strength as Pivotal unties i i Advance to Higher Price Levels 1 L. L N North rth Lily Recovers in in Impressive Fashion Selling Up 41 to 7 a aShare Share Eureka Lily Tintic Standard Park City Consolidated and New Quincy Among Leaders No Major Recessions Occur J jf ri By LEE WILLIAMS Under the leadership 0 of the pivotal East Eat Tintic issues mining stocks pointed definitely upward on the Salt Salt Lake exchange as a the week closed with wl Saturdays Saturday's short s session Although a large bulk of the trading resulted in no price price fluctuations there wire were no recessions of consequence and I a sU steady dy under current of Ur strength prevailed North Lily Liy which suffered a artic ar- ar dras drastic dra- dra tc tic r reaction last Tuesday when the skidded from n 7 to 6 6 S a a share Completed c its is r recovery covery Saturday ay The Te he stock stock opened wih with an ov over over- rn r- r n of or 15 cents at 65 an ane and e old ld up tP to to 7 of the the shares reT re h hands ts bringing rIngIng th tho top L T Eureka Lily Liy was S bright spot pot shares changing hands 1 at pot prices ranging from t tc to 75 The he closing bid softened to 1 2 however Tintic Stand ad aid ard moved tp up to 1275 1215 under the trade tr de e ot of shares P Park tk City Consolidated d op opened ned of off of S J points at 15 b but t rapidly turned tur d upward and ad closed th tM day with Ith a. a a n net t gain of 10 points pInts the l tr transaction being at 30 A of total of shares changed hands ands New Quincy Quiney Quicy opened stronger at but slipped 4 back to 30 the average sale safe pried price FJ- FJ Fri Fri- da gilver i ir r KIn King Coalition Coalton held firmly at at 1250 a 8 share abate Missouri Monarch was a active and strong strong pending developments at the Spruce fountain o property pl placing cIng the thO th stock In demand demane The price prie ranged ang froni tron 36 to 40 c cents and a a. a total of ot 40 snare shares were trad traded Bonanza was as stronger at 10 and ad I 10 2 1 cents and East at Utah moved up a a. a point pint to 31 cents a share t I hl h Tl Ti Tintic Uc tIc was wa In dem demand nd at 10 lD 2 1 2 cents with odd lots brIng brIng- ng 11 1 cent the same level as that of ot Friday FrIda Evidences s of ot steady ac- ac accumulation in this North Tintic isue is is- i sue eue ue has as been apparent t since th thc tho I Ja company completed rUm th the 5 main tain shaft shat and star started d sinking from r roni l th the 7 to te 1100 level for tor the I purpose of ot cross cutting the ore developed de de- de from a a. 8 foot from froni L the level le Big responded at 43 cents cens Eureka Bullion Bumon at aI 76 15 cents East Easi L Consolidated at 65 cents anc and I C Central l Standard at t 11 1 cents tent a flare hare Park Bingham was fairly r steady Ite dy at 8 S cents cente and ingham I etl at 7 7 c cents a a a. share shar Empire Unes rInea was a a trifle softer at at 2 20 0 and anc nd 0 20 2 2 1 cents cent Moscow held firmly at 85 cents Tart Park Premier at 75 76 cents Quartz Quart I um from 68 to 71 7 cents Walker at t and ad Butte from 02 SZ to 9 94 cents a a share shareS Quotations and sales for Saturday Satur Satur- Saturday day ay follow oUo 1