Show Mining Matters ForThe For ForThe ForThe The Past Week ASSESSMENT T WORK During the years ears of or the depression it was found necessary for the congress I of ot the United States to declare d a mora mora- moratorium moratorium i on annual labor on mining claims says the Western Mineral i Survey This exemption served a a. worthy i substantially aiding the I purpose pros pros- prospector prospector and small operator and Is a fine I in example of or operation co-operation on the part of or legislators and organizations whose ef efforts ef- ef efforts efforts forts brought about the exemption How How- However However ever It was not necessary for this con con- condition condition condition to exist Indefinitely and as fin fin- financial financial financial ancial progress has been made by the th mining Industry It is consistent with reason ason that this moratorium should be abandoned and the requisites of the mining location laws once more be com corn compiled complied plied piled with It Is commendable that the Great American Prospectors' Prospectors Association I has passed a resolution requesting that the exemption of annual labor on un un- patented mining claims be not ed Present indications point to the fact that no further extension will be made and that during the forthcoming year ear it will again be necessary to do the necessary necessary essary work on these claims STOCKS SWEPT UPWARD Swept upward on a wave of enthusiastic enthusiastic buying a list of or 47 mining Issues established new post depression highs Thursday on the Salt Lake stock ex cx- exchange ex- ex exchange change said the Evening Telegram Chief Consolidated led the movement advancing to up 1 from its open- open openIng openIng Ing price Wednesday and closed strong at bid Walker advanced to Tintic Lead to 95 cents Horn Silver SlIver to 50 Bingham Metals to 34 Big Hill to 25 Cardiff to 43 East Tintic Consoli Consoli- Consolidated Consolidated dated to 48 North Lily to Ohio Copper to 32 cents Eureka Bullion to 41 and Park City Consolidated to 27 PARK RK KING TO ISSUE SHARES ItES The Park King Mining 1 company with headquarters at Salt Lake City will is issue is- is issue sue su shares of or common stock at at 15 cents per share disposable through the company Money Mone obtained from the sale Is to be used In developing proper proper- property ty located in the Blue Ledge Mining In Wasatch county Officers ers of the company were listed as Moses C. C Taylor of Kamas Karnas president P. P C. C Evans of Salt Lake vice president N. N A. A Dun- Dun Dunyon Dunyon yon on of ot Salt Lake City treasur secretary er and general manager lIE FIVE MINING I PERMITS G 0 Fhe Five applications for sale of ot stock have been approved by the state securities commission A. A Ezra Gull director announced an an- announced announced Saturday Applications were granted to the Park King Mining 1 company to sell shares at 15 cents a share Lion Monarch Mon Mon- Monarch Monarch arch Mining company shares at 10 cents each Little May com com- company pany shares through exchange channels at from 1 to 5 cents Arrow AIrow company 1200 shares at 25 S 5 Com Com- Commonwealth Commonwealth Commonwealth Investment company shares at net asset value or a n share SILVER KING J COALITION EARNINGS EARNING S Sliver Silver King Coalition Mines company reports net Income for tor the year ear ended December 31 1936 was equal to 63 cents a share Valuing stored con con- concentrates concentrates concentrates at beginning and end of ot the year at market Instead of cost it was explained would have increased this amount to 1 or 67 cents a aI ashare share Due to dividend payments and I depletion depiction there was no surtax liability on 1936 undistributed profits For the quarter ended December 21 1 I I the company reports a net profit of after all taxes and depreciation tion but before depletion equal to cents a share I The company reports that 71 per cent of cr the operating time during the final finalI I quarter was vas lost because of or shutdown due to strike I TRADING JH PROLONGED In BY SALT S. LAKE Jn EXCHANGE GE J As a II result of greatly increased volume of or business trading on the Salt Lake stock exchange hereafter will begin at 9 I a. a m. m instead of or 10 as heretofore it was announced Tuesday by J. J A. A Barclay president of the exchange The session will end at 1 p. p m. m as in the past Curb trading goes Into effect Wednesday Trading Saturday will be from 9 to 11 11 Instead of 10 to 11 with curb trad- trad tradIng trading trading Ing closing at noon Instead of or 1 p. p m. m m- m Salt Lake Lak-e Telegram NEW ELECTRIC HOIST TURNED TUnNEl OVER O The new horsepower electric hoist at the Silver SlIver King Coalition mine was started Wednesday last for a II short run The big machine worked almost perfect and with the few adjustments that will willbe willbe be made ronde today and tomorrow it is thought that the cable will be from the old steam hoist to the electric hoist Saturday BACK n. FROM CALIFORNIA C. Superintendent Gloyd Wiles of or the Park City Consolidated company return return- returned ed last Saturday from Los Angeles where he had been in attendance at a directors meeting of or the company in that city It Is reported reP d the meeting was one of or considerable Importance as to the future of or the company and satisfaction is expressed of ot the result but hut at pres pres- present present present ent nothing for publication has been released ORE onE CONDITIONS CONTINUES UES TO IMPROVE I I I Reports from the Park Perle Galena unit cf the New Park property which is being worked by several sets of ot leasers be be- beI I comes more cheering and profitable as development progresses Ore conditions both in quantity and quality are steadily Improving At pres- pres est a railroad car Is loaded dually daily da 11 r. r with all the leasers working in ore It now nov looks as if another big steady and rich producer Is In the making for the New Park and the dreams and predictions of Charley Moore when he launched the I Star Sta of Utah become a reality WILL liE HE BACK SATURDAY S. W Word W-ord rd received re elved today Is that General Manager Hurley will be back from his his New ew York trip next Saturday with likely good news concerning the Park City Development METALS LS AND LOCAL L STOCKS THURSDAY Metals Bar silver sUver 44 4 a lead copper 1265 zinc Local stocks Park City Consolidated was the star performer today today today 13 shares changing hands at 25 up to a gain of 2 2 cents over Wednesdays Wednesday's sales Park King 5 52 2 2 and 5 5 c. c Park Premier 13 2 and SATURDAY Metals unchanged Because of or Lincoln's birthday the Salt Lake Stock Exchange was closed It opened however with a a. bang Sat Sat- Saturday Saturday five fifty-five issues were In demand the largest number In one day for sev soy several several eral years past Of ot the five fifty-five issues eight were Park City stocks the largest number for many moons Of ot this number Park City Con was far and above the star performer changing hands The first call was 30 cents 3 cents higher than the closing sale of or Thursday Thursday and and it advanced steadily to and slid back to closing weak 31 bid and 33 asked The seven other Park City stocks call call- called called called ed sold at advanced prices over ov r Thurs Thurs- day as East Utah 2000 4 42 4 2 and 2000 Q 4 C. C Keystone 1000 12 2 12 2 2 22 2 cents higher than last sale ft W s up up New Quincy 1000 3 Park King selling 6 to 7 Park Premier 1000 Silver SlIver King Western 2300 same as last week Keep your eye on Park City stocks stocks- and watch them advance Silver King Coalition 1400 bid 1500 asked Park Utah bid asked d. No sales MONDAY Price of or metals Silver SlIver 44 lead copper 1265 zinc Monday was a busy day again on the Salt Lake Exchange f fifty fifty-f ur Issues changing hands hands eight eight being In Park City District Park District Park King Park City Con East Utah and Keystone selling at ad advanced ad- ad advanced advanced prices Local stocks East Utah c Keystone Hc New Quincy 2000 3 3 and Park City Con 32 to I Park King 8 and Park Nelson 1000 4 c. c Park Premier 1000 Silver King Western GOO 63 and nn an t TUESDAY The only change In metals today was In the price of copper This metal ad ad- advanced advanced van ed to 1400 on New York Exchange Local settling price 1265 I Another busy day on Salt Lake Ex Ex- Ex- Ex Exchange change 57 Issues changing hands seven hands seven local stocks being traded in East Utah 4 c. c 1 New Quincy ft cs 4 to Sc Park City Con c 33 23 34 34 Vz and back to I Park King 9 and lOc bc Park Premier 2000 I Silver Sliver King Western Western II WEDNESDAY i ii i Metals same ns us Tuesday Local stocks bobbed up and down a bit today j I Park City Con Com bobbed down to to o 30 selling from 33 2 33 down to j jI J I East Utah 1000 4 down clown c c- c down lown c Ac c. c New Quincy bobbed up to selling 3 6 6 and sand v Ji t mi n J I Ii i i Park King down l c selling at 10 10 g 9 8 83 8 4 and Sc I J J I I i Park Nelson Sc r- r Park Konold 1000 1000 Q lOc up bc-up up a bit lt Silver King Western 1 O 62 and Q Ole doWn down lown Export copper COppel c touched 1410 today Local prices unchanged J SHIPMENTS Consolidated Silver King Coalition con j Park CUy City Consolidated Newark r rk I I. 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