Show Stock Matters Mining Wining Sales For Week Weel HIGH SILVER PRICE VITAL L TO WESTERN WESTEn BUSINESS UUSI ESS Probably in no other field In any of or orIts c Its many activities does any subsidy of the U U. S. S S Government exert as much mud leverage upon employment as os does the th relatively very ery small subsidy on sliver silver says sa s 's the Denver Mining Record As a government subsidy It Is an example I where the money spent actually promotes promote relatively large activity at low cost In all the mining towns to and mining minin i districts In the states west of the Mis Mis- Mississippi Mississippi 1 river where the ores of the th base metal mines and gold mines carry Carr I any silver sliver content con nt there Is now a visa blo ble mixture of both worry and conn- conn confidence dence dente to be observed In the people I miners storekeepers local bankers pros prospectors pros pros-I prospectors I and small mine owners o over the th I vital question to them which will soon I be decided by the administration as astl to whether the domestic price of silver will wll willbe be maintained at an ounce With the th I I uncertainty as to the price of silver alive already In the foreground as a serious I I question earlier this spring when the th break br ak In n metal prices occurred following the administration criticism the mining communities are now looking this situa situa- situation situation tion squarely In the face tace A loss of the present subsidy on do domestic do- do domestic mastic mined silver slIver would undoubtedly force farce many base metal mines and small smal prospects to close down while at the tb I same time the total cost to the govern govern- government government ment to maintain the present domestic price would probably cost less than the tin I I total subsidy paid In 1936 of approximately approxImately which was apportioned apportioned tinned over 25 states Alaska Al ka and the thi I From this total tot l cost should be deducted the proper share of the tin money which the federal government receives from income taxes of minnil companies due to the higher silver price and the larger taxes paid to municipalities ties and states should not be over over- looked U. U S. S Senator McCarran of Nevada asserts that the price of silver slIver should be stabilized at no less than 1 per perI ounce and really at To lower I the price would be one of the most de de- destructive things that could happen at this time I METALS AND iH LOCAL STOCKS THURSDAY The Records Record's week starts out with a drop In lead per ton bringing the price down to with a n decline of 01 Va of a cent In copper This was NewYork New NewYork NewYork York prices Salt Lake settlement prices were bar silver slIver copper 1015 lead zinc zinc Local stocks slow and lower New Quincy 1000 Cs c. c Park City Consolidated Q E 26 p Only two Issues were traded In FRIDAY I Metals unchanged I Park City Con holding Its own and I quite active 27 27 Q 26 2644 26 and Ce I New Park 1112 c New QuIncy 1000 9 SATURDAY Metals same y s V I Local stocks 0 Park City Con was the only donly Park City stock that changed hands 1000 selling selling at uv- uv w I Howell over In Big Cottonwood Cottonwood- sec sec- section tion was quite active shares shans selling I cit 2 4 2 and MONDAY Local stocks stacks I New Park 1000 1 15 c. c New Quincy Q ft 9 I Park City Con Q G 29 Q 28 2000 0 Ct c. 27 I I Park King 2000 Q Curb sales JT mi New Park 1000 Q 1 J I Howell quite active active changing cha hands sands e 2 and TUESDAY 1 I Metals Metals Foreign Foreign silver sliver 41 copper lead I II Local stocks stocks Park Park City Con Q I 28 8 2844 28 1000 Q a I Park King 1000 2 c. c Its It's a II dead market for tor mining stocks I I these here days Better conditions ahead ahead we we hope tope I J I WEDNESDAY Nothing doing In local stocks as as yet Only one Issue today to get a lookin- lookin I Park ark City Con selling for tor Re Re- Report Report Revert port vert says ore showings is la steadily im- im Im im- Improving improvIng proving roving at this property SHIPMENTS iTS Park ark City Consolidated Park ark Utah Consolidated I Silver sliver King Coalition con New yew Park Total |