Show lemk M S 5 M ia M M mining matters t awn NEW PRK MINING coign COMPANY y PAYING OFF DEBTS A recent statement by one of the directors of tile the new park mining company rends reads in part as follows very substantial payments have now been made against the property mortgages and the new nei 7 park ak company mp la 13 still to receive from Io oooo to more against the payment ol of transfer charges this should be more than ample to cover all obligations end nd provide an adequate cash working fund the first money received Is being applied against the mortgage Indebted rims and to open accounts held by creditors who are not stockholders such a course Is necessary for the protection of the properties ard and ar d tor for the protection of the stockholders know they control one of the most valuable pieces of ore bearing ground in the entire park city district outside of the major producing units like silver king coalition and park utah consolidated Eolida soli dated ted the new park ground has nearly three miles of absolutely essential development work completed complete E every ve ry man n and woman who 1 is participating altria now should be repaid many times over as normal business conditions return and base metal prices come out of the worst slump in hl history story with continued operation cooperation co from the stockholders the new park company ought to be able to develop some mighty ore reserves and place in a position to benefit by rising base metal prices on almost an equal basis with silver king and park utah the latter two storks stocks ha have va ma made de spectacular advances in price during th the last month or so eo on the strength of improving metal market STOCK SALES AND METALS FRIDAY park city con 1000 e ac silver king coalition silver unchanged lead copper 4 pound SATURDAY park city con 1000 ac silver 27 lead copper copper MONDAY silver xing king coalition IOD palk paik utah park premier 1000 ac silver advances to 27 lead 3 00 copper WEDNESDAY A more promising atmosphere was noticed on the salt lake mining exchange wednesday silver king coalition advanced 15 points to shares changing hands bands park city con advanced point to 8 cents shares being traded in silver lagged y 1 1 8 of a cent to 27 while lead advanced 15 points to and copper compared to and earlier in the week the hope Is these advances are a beginner tor for a roosevelt prosperity with the election over and a complete new deal in the offing steady improved conditions with decreasing unemployment can reasonably be expected cast off the hoover frown and put on a roosevelt loosevelt smile THURSDAY park utah silver king coalition and park city con 1000 yc silver slipped V va cent to 27 lead copper SHIPMENTS park city consolidated silver king coalition total |