Show Mining lining Matters Sales And Shipments GREAT MINES lINES WERE WERE OPENED THROUGH STOCK SALES Many of the great mines In this con con- perhaps most moat of the older ones were developed by the public through the he medium of stock company shares I which were bought by people In all alii financial categories In those years the theman thenan I Iman man nan of small mall means menns had an opportunity to o gamble on the success of a mining I venture Many of them won Some made fortunes I But today because of the restrictions Imposed by the Securities and Exchange Act and similar state laws these men are aro discouraged from taking such I chances with their own money B says ys an article in Engineering Mining Journal There are however no restraints on playing tho the horses and bucking the slot machines or roulette tables I have yet yeto yetto yetto to o hear of a fortune founded in a crap game ame or at the races Participation by the public In legitimate mining risks Is no longer feasible Numerous Ideas have been advanced and countless discussions have taken place lace on how the basic baslo and vital mining Industry of this country may be perpetuated per- per In my opinion there are two ways rays in which this can be accomplished Both loth represent sounder means of ot stimulating stimulating the tho search for new mines and the development of prospects than any premium price plan or bonus system that can be devised The establishment of a period of ot ex exemption ex- ex emption from taxation for new mining ventures such as Canada wisely provides provides pro- pro vides rides which would enable the operator to o get some of his bait back before beIng be being be- be ing Ipg introduced to the tax collector A modification of the Securities and Exchange Act which would Insure a measure of protection to the Investor In new mining Issues and still afford I him bun a reasonable opportunity to parI participate participate par par- I once more In the development of American mining enterprise IE SHIPMENTS TS New Park Park Utah Consolidated Park Utah Keetley Silver Sliver King Coalition cons Total STOCK SALES THURSDAY Park Parle Nelson at New York Exchange Park Utah at FRIDAY Park City Consolidated 2500 at East Utah 1000 at MONDAY East Utah at at 1000 I at N at New Park at Silver King Western at New York Exchange Park Utah at Sliver Silver King Coalition at New Park at TUESDAY Bullion 2000 at Clayton Silver at Columbus Rexall 1000 at Combined Metals at at Continued on Page Four I Mining l Matters Continued from Pare Pace On One 2100 at 20 c. c. c Commonwealth Lead 2000 at 3 Crescent Eagle Oil at Dragon Consolidated 1000 at 40 East Standard 1000 at 5 c at 5 c at Leonora 2000 at 5 S' S tc c. c Madison Mines 1000 at 19 New Majestic 1100 at 3 c at C. C at Soc New Park at North Lily 1200 at vr North Standard 2000 at 3 He Ohio Copper 1000 at c at c. c Prince Consolidated 1000 at I i Royston Coalition at Sliver Silver Standard 1000 at 30 Tar Baby at 6 Wyoming Utah Consolidated Oil 1500 f at Western Alloys 1000 at 4 Yankee Consolidated 2000 at Sc Dig Big lUll Hill 1000 at 8 c. c Central Standard 2000 at H 1 Croft Croff at 2 c. c Gold Chain 2000 at c 2 Union Chief at Zuma 1000 at New York Exchange Park Utah at 2 25 Silver Sliver King Coalition at New Park Part at WEDNESDAY East Utah at New Park Part at nt Park City Consolidated at New York Exchange Park Utah at Silver King Coalition at 4 New Park at g. g |