Show Up and Down the Street Park City Area Looks Ahead to fo Prosperity By Robert W. W Bernick Derick Utah's Park City mining district dis dis- dis Wednesday was I 1 looking 0 0 k j I n g ahead at prosperity Last of the te big three operators in the district distrct the Silver Siver King Coalition Coalton Mines Co announced it i was reopening Silver King will wi commence work at tt first in the Silver hill only hi section section section sec sec- tion of its mine Some em em- in all al will wi be needed And although a contract must still be ratified Wednesday at Park City by members of United Steelworkers local 2461 2161 there is no doubt the lathe King will wi be at work in a n few weeks Termed Formal Formality For Staff rn m members C em m b e r s of the theU theU theU U S SV V W A in Salt Sal Lake City termed the ratification Wednesday a formality for mality The contract is similar to the agreement approved two weeks ago between t the e union and Park Utah Consolidated Mines Co Union officers said only thing holding up the Silver Siver King contract contract con con- tract trac had been the question queston of when the company would resume operations And late Tuesday di directors directors directors di- di rectors of the mining firm fin voted to reopen immediately Rehiring I already has commenced Paul H. H Hunt vice president and general manager of Park Utah reported that two shifts shit were now at work on a six day b basis is at the Keete Keetley unit of his mine Schedule Night Crew And a second night shift was scheduled to resume work this week at the Judge unit Ore shipments shipments shipments ship ship- ments have commenced f fro from r o m Keetley and will wi begin shortly shorty from the Judge portion porton of the zinc silver zinc mine New Park Mining Co another of the big three thre has been in operation operation opel- opel oper oper- for a couple of months It I is the opinion of mining men that the district can now look forward to a number of years of uninterrupted operation provided there is no drop in metal prices and other oter costs remain remain fairly constant constant con con- stant tant stant They reason that defense demand demands demands de de- de- de mands mand for lead and zinc plus growing sentiment in congress and the administration for development development development develop develop- ment of domestic nonferrous metals metals metals met met- als resources augur well wel for prosperity prosperity pros pros- perit r of the mining industry generally during the te next few years cars Gets Gels Post Willis S. S Peterson Wednesday was named manager of the Sat Salt I Lake agency of the Mutual Life Insurance Co of New York re replacing placing Carson E. E Bechtel The company said Mr Bechtel was resigning as manager to reS res re- re f s u m e personal production Z Announcement was m made a d e by Stanton G. G Hale V vice i C e president Mr Peterson and manager of agencies for the company Mr Peterson came to Salt Lake City in 1946 as field tive He was named assistant manager in 1917 1911 Mr Bechtel has been with the firm since 1916 He was named manager in 1931 Ores Widen Out Joseph F. F Featherstone president president president dent of the Commonwealth Lead Co reported Wednesday that lead lead- silver siver ores discovered in the firms firm's Melrose Mont mine were widening widening widening widen widen- ing out He estimated there was a face 10 ft high in the mine A ton 25 shipment of development ore is I being made to East Helena Mont smelters S s Trading Increases Trading on the Salt Lake stock slack exchange e increased in volume durIng during during dur dur- ing August compared with wih a similar similar simi simi- lar ar month last year but values were down Some shares valued a at at sold last month monh on the thelo lo local l exchange exchange That was against shares for August 1949 1919 value of which was Trading thus far for the eight months of 1950 totaled shares valued at compared with wih shares valued at for same period in 1949 Bank Clearings Rise An increase in bank clearings clear clear- cear- cear ings in Salt Lake City was wa re recorded recorded re re- corded during August compared with wih the same month in 1919 1949 M. M S. S Burdett manager of the Salt Lake City Clearing House said the clearings for or last I month were compared with th for August of last lat year Gusher Wildcat Tested A last report from The California Call Cali Cal Cal- fornia foria Cos gusher wildcat Uintah Uintah Uin- Uin tah tab county had the well weB pumping 72 of oil oi in a hour 21 test lest test The p pumping u m p pin i n g test followed blasting of the lower formation Unless th the unit produces more than tan 73 per day it is doubtful doubtful doubtful doubt doubt- ful if it the firm will wi attempt to tomake tomake tomake make completion |