Salt Lake Telegram | 1921-06-27 | Page 8 | Local Market Revival is Due

i r J d fi rf f tr t t i V rt J 4 4 Local Market Revival is h Due D e eI 11 I By Ira ra C. C Tichenor I are many indications that the Salt Lake stock market 1 1 is on the eve of a decided turn for the better and that there will ivill be a consistent increase in activity which eventually will result in ill restoring to the local mining milling exchange th the reputation it sustained for many years ears as one of or the leading stock markets of the country I There was a time in fact when the amount of trading on the tho local i exchange exceeded that of any similar exchange in the country At the they y same time the exchange enjoyed the reputation which It has retained of or t b being ing conducted In a strict and businesslike manner and under rules that h. h enforced fair dealing on the part of every operating broker I As a a. result of the immense amount of business transacted locally in stocks of Utah mining companies the trading In Utah st stocks became an r J important part of the thc business on other exchanges throughout the country 1 and on the New York and Boston curbs and thus the fame ame of Utah as a I I J mining state was Increased and the the- names of scores of mines became universally known r I J. J The Thc slump in the mining industry durin during the past few years ears has been I r 1 r responsible in a a. great measure to the decline in the business of the local i exchange and the decline in interest in other sections of the country in lii Utah Utah mining stocks and properties I k There remain however a number of mines which were famous a few v I. I years ago for tor their productiveness and which continue to yield iel handsome t returns for the stockholders yet ct there is little or no demand for the issues r In the meantime other mines have become big biS producers but their names i a aia ac c little known outside of the state I With a revival in the activities of the local exchange it is confidently expected that the tho interest of investors throughout the country will be I renewed in not only the Issues of the famous old mines but in the new big producers and that Utah will regain its fame as a mineral state I I