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Show THE CITIZEN ...iiiiiiiiiiuimiiiiiuiiiuiuiiiiiiuiiiiiiimiiiiiiiiiiiiiuiiiuiiikiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiuiiiiiiiiHiiiiiiiiiiuiiiuiiiiiiiiuuiiiiiiuiiiiiiuiiumHiiiiiiiniiiim. use ause. e cessj Weekly i Mine and Oil Review Dia rom against silver LOSING GROUND IN EA8T lerican Our citation for the repeal of the in Pitt-- m purchase act is dying down the east, according to good of silver bullion at mints is today exceeding the jsthly purchases, which to date totaled about 77,000,000 ounces the 208,000,000 ounces to be bought silver any t, t of it author-Coinin- g gov-pme- hing terly "'ar f0 you ranity nt an ounce. com! to this matter, the Wall neet Journal says that operations of sited States mints on the coinage silver dollars have been speeded L to a point where the treasury is turning more metal than it is purCoinage of silver dollars gingPittman act was glted under the jrted last February, but at the the work was concentrated As this the Philadelphia mint. ked the first coinage of heavy sil-i- r Relative Hies at Wi arture e ILE. ir be-ioni- ten an ng seventeen years it took get operations systema-so as to turn out a large number pieces, and as a result silver of the treasury steadily pieces in e time to ca now d bul-holdin- gs Xo, i and other holdings, and the latter the Naildriver, Wabash, Story group, etc., and huge plans are under discussion,, says Dame Humor. Zinc Mining company in the Erickson Robertson is secretary and B. F. Fleiner is president and manager of the company. district. N. A. . niiiiiiimmifl t gHT ne 11 the unted. Orel In the last few months dollars has shown a ease, the coinage progressive the silver bullion holdings ped from $58,071,091 on August 2, $41,118,691 on October 17, or by got This cut was made in ibout two and a half months that the treasury wag. basing during that period under Pittman act all silver metal offer- E5.953.000. He's I not-iihstandi- literal ie stej ening Who ansc.1 The ng mint is working hours a day, and is now out about 500,000 silver dolo- Philadelphia renty-fou- r taning rs each day. Agitation seems to have died Ij the repeal of the repurchase down clause people Pittman act., Some ho are not familiar with the details ire under the impression that the (i the . gov-nrae- is losing money nt 7A buying prer at $1 an ounce when it has sold the world markets this year at a mge between 53 to 73 cents. The ftvernment is not losing any money, ovever, as the silver bullion derived from the dollars was sold to Great ftain at $1.01 an ounce, the 1 -- pots being estimated as paying cost from the office of the Grand Central Mining company, that the Chief Consolidated interests have taken an option on Colonel C. E. Looses stock in the Grand Central company, which, if purchased by the holder of the option, gives the Chief people control of that property. It is understood that the option was given to Paul Hillsdale, of Walter Fitch, sr., for a cash consideration. The Grand Central is one of the oldest properties in the Tintic district, and millions of dollars worth of ore has been taken from it. It is stated that there is yet a vast amount e of wealth in large bodies of ore now in sight. In discussing the transaction today, Colonel Loose stated that he had given an option on his stock, but did not know whether or not the holder of the option would purchase his interest. son-in-la- w low-grad- is another interesting factor cost not generally known. the dollars were melted down ,rpat Britain paid the existing price the copper alloy in the dollars, pile the United States in recoining pm is paying only the .prevailing Nrket price for copper. This differ-peiitself is a substantial item. pvering en n ThE CHIEF CON. SECURE GRAND CENTRAL OPTION GEOLOGIST DISCOVERS NEW MINERAL BEARING ZONE Last Sunday, the well-know- n geo- logist, George H. Short, of Salt Lake City, in company with Dr. George B. Sheen, J. S. Salmon and Hoy Lambert, the latter of Kamas, motored over in the Beaver Creek section, about thirty-one miles from Park City and eas-o- f Kamas. Mr. Short was most agreeably surprised at the mineral showing of that section, and is at a loss to know why that country has not been prospected and located. He brought back with him samples of solid galena picked from surface ledges, and says geological formations of that section indicates ore deposits. The party found a shaft that had been sunk about 200 feet but far away from the mineral showings, and in a formation that would be impossible for ore to exist. Had not the snows of win- ter prevented Mr! Short intended to make another inspection of the min- - ground this week with the idea of making, locations, but the visit must now be postponed until This locality may bring a spring. mining boom for Kamas in 1922. eral-bearin- g . the news from Tintic that the d pfef Consolidated company has the control of the Eureka Lily pmpany, operating in the east end the district, comes now the word ac-tore- r solidated as reported for the week by Superintendent N. N. Blye, who says . a station has been started at the head qf the contact raise, which is just under the black limestone. The station will be the starting point for exploratory drifts along this favorable contact. It is on this contact to level the southeast that the crosscut hs encountered a fine showing of gray copper and galena ore. A drift from the crosscut is following this ore with most encouraging results. 275-fo- ot Superintendent Blye of the Silver King Coalition, visited Salt Lake re cently for a brief consultation with the management of the' coming property he represents. The gentleman reports improved conditions in the face during the past few days. A sensational uncovering of ore in the King Consolidated is one of the near-bprobabilities. . One of the groups of claims that is likely to attract considerable attention in the growing interest and rumored combines of the eastern portion of this district, is the Queen Esther group, over 'Deer Valley way. The owners are certainly optimistic and in-- : quiries regarding the property are quently made by outside parties. fre- The New Quincy has marketed anlot of good ore. Reports other from the property are very encour50-to- n aging. Decidedly encouraging news continues to come from the Park-UtaAs development progresses greater becomes the magnitude of the ore bodies, and greater the certainty that because of these vast ore reserves in this comparatively new. property, wider h. will be the range of prospecting, and mining activity generally in this practically unscratched eastern end of this district destined to add both fame and wealth to the already wonderful record of Park- City. - TINTIC DISTRICT. PARK DISTRICT. There are rumors and all manner of speculations as regards future operations in the eastern section of this district. The making of a mine, and a big has created an one, of the Park-Utainterest and an activity in that locality that will eventually result in combinations and consolidations for the development of that now proven mineral section, ending with more big producers and dividend payers for h, Park City. ith Con- y operation. There Conditions at the Silver King The two big factors most keenly active in .that section, according to s interests, report, are the and the Bamberger interests. The former own the Liberty and the Valeo, The Chief Cons, people recently secured control of the East Tintic Cons. Mining company, which for several years has been owned by the Knight interests of Provo. The company owns a large piece of promising mineral land in the eastern end of the district. Announcement of the change in ownership came recently when the annual meeting was held and the following officers elected: Walter Fitch, sr., president; Cecil Fitch, vice president; Thomas Carmichael, secretary and treasurer, and these with W. Lester Mangum and J. Will Knight constitute the board of directors. Keith-Kearn- Another Tintic mine is back in the dividend column after more than a years absence. It is the Iron Blossom. The directors of this company held a meeting at Provo late last week and after hearing the reports of Manager Hugh Trenholm and General Superintendent Frank Allen decided on cents per share, the payment of 2 or $25,00, this being the first time in more than a year that the stockholders have had a taste of profits. The checks will be mailed out on December 20th, to all the shareholders of record on the 10th of that month. . Paul Hilsdale, well known mining engineer, who has had mining interests in this district for a number of years, is getting ready to reopen the Grand Central under a contract recently made with Col. C. E. Loose, who controls the property. First of all the mine is to be resurveyed and mapped but it is understood that while this work is pending Mr. Hilsdale will throw the property open to lessees, using the same method which has been so successful in some of the other mines of this district. i A new industry the mining of Fullers earth has just been launched in Tintic by F. A. Hebbard, who for some years was connected with the geological department of one of the large oil companies operating on the Pacific coast. It is from the Dragon Consolidated property that this product is to be taken and while Mr Hebbard has been working on the proposition for several months, it was only recently, that his plans reached such a stage of maturity that he could allow the publication of the . story. Manager Jackson McChrystal, on his return from Salt Lake early in the present week, confirmed the report of the payment of another dividend by the old Eureka Hill company. This company is. capitalized for 10,000 shares and the amount or the dividend which was declared at the meeting on Saturday was $1 per share, or $10,000. Payment will be made at once. COPPER REACHES HIGH MARK. On last Wednesday one-eiglit- h copper of a cent to 13 3-- 8 'liliiliilMli:iiilliliilliliili:iiliiliiliiliiliiliiliiliiliiliil'iliilnr i J. II. Seliree II. V. I .one i Mining anil ImliiMtrlnl Stocka nnd Ilonila : SEBREE & LANE ; Liberty Ilonila nought ! Wnantcli 4010 14 Exchange St., Suit Luke City B cent has An assessment of one-hal- f been levied on the stock of the Utalj - r.lii!iliiliil!iliiliiliilii:iiii:iliiliiliiliiiniiiiiiiiiiiiiiiiiiiii g i |