Show 0 l lz mm MINES AND MINING oe I 1 aw f the daly quite a commotion was caused this week by the rapid advance of daly stock on the salt lake exchange it bounded fiam 50 0 cents to which naturally caused many inquiries the management seems re lluc Lant to give out and when called up tills morning informed the record that the story published in the salt lake aake papers was about correct this was to the effect that a three foot vlen of 0 ore had been uncovered and conditions were of a most encouraging nature it ought to be something good thill that wall vill cause tho stock to jump up in one day and tire record hopes that it Is ore in east ontario james allen alien who is working a small force at the st low lo 10 iii onland pl r werty perty leports that IL 11 tool foot of iris kl ili uncover el cud aua that hal conditions arl ari ivory very pro luis iiii for tire the ore is not high grade but is near the surface and mr air allen alien is confident that with depth a mine will be opened up heavy stockholders ot of the company are expected in the park next week when perhaps some good news will be given the public it mr allen alien opens a mine in that section park city will certainly have cause to rejoice M J dally daily visits M 1 J daily former superintendent of the king coalition was in the park two days of this week looking after his mining interests the gentleman looks well and prosperous and was greeted by many of his bis old time friends in speaking of of park cites future he was wry very optimistic to happen L soo soon the reed peak A lease has been given flank frank clift and J kennelly on the upper workings kings ot of the reeds heeds peak monday last work was commenced some high grade ore taken from these workings kings last year and it if the present leasers leaders can only uncover a body of it they will saunter along easy street the rest of their lives the record hopes they will the little bell i superintendent joe kemp started up the little dell bell this morning with a force of twelve men he informs the record that the mine is in splendid shape after its long lone shut down and there is every reason to I 1 believe th that at ore shipments from this property will be a regular thing from now on the new york ore is being raised every day from this property and conditions are improving steadily notwithstanding tha fa tact C t th that I 1 it the stock Is depressed this morning another nice showing of ore ulas uncovered in the below the this is in new country I 1 and future developments are awaited with keen interest park city h i go going I 1 ng to wake up one of these morn lins ins to learn thae new york bonanza 1 is a nine mine and a big one the little bell the future for the little bell Is very promising and from now on the stockholders can expect to hear good news every week for commencing today to day with a full force of men I 1 work will go steadily forward and good results Is certain under the able direct direction ioa of superintendent joe kemp the herald republican ol of wednesday contained the following which Is vouched couched for as being correct by chwe in authority after a close down ot of two mouths months on oil account of In pouring of surface water from the melting winter snows arid and spring lains and to avoid thel the expense of pumping uin ping the little bold bell i consolidated mining company will resume work pt A the park city mine saturday general manager solon spiro having given out this information on account of having entered 1 into a very favorable contract with the smelt shelters smelters sm elters ersi whereby by not less than fifty tons odthe of the second class or mil milling il ores ot of the little bell lewt bei be delivered each lay day at a good profit to the mine and the water supply still being insufficient to run dun the in mill ill at full capacity the mill will teat inal the ibe tired fired up for the present at least inhere Is now between and tons ot of this second class ore ready for shipment which at the rate of fifty tons a day would ilke over a year and a halt half to de liver in addition to this the mine wilt wilf send out its regular quota of first class ores will probably amount to to tons a month on account of the water supply not being adequate to keep the mill go ipg ilig at full capacity for which it was vas constructed and with this new cou contract tract for the consumption of the law briw krade grade ores it is problematical just villen th the little I iuie bell mill i ill be operation the Ren kennelley nelley group 1 very encouraging news is coming down from the leasers leaders who are work I 1 rag the old kennelley group over la the scott hill country parties dowle dom there this week report blat at least six feet of good oze oie was uncovered and that the new com I 1 vally is already figuring on dividends dividend 3 ia the not far distant future the hopes that they will come quick and often this week one of tiie uie promoters was nw in salt lake and t tie 11 e fol following lowin 9 was obtained by the mining laing man of the herald republic can can mr bowring brought down from the property some beautiful sam sain ples pies of cube and steel galena some of it will run between 70 and 80 per cent lead and 70 ounces effier according to estimates mr bonting BONN Ting said he put in one shot right on the surface and it loosened up nine tons toils ot ok this rich stuff the vein Is several feet wide on the surface it appears pears to pm 1 I almost vertically into sav tu tanti it 11 has a porphyry wall on ore aie ai e side and aino on the other t is ia easily traceable for a distance of feet on the surface of the barry coxe ground this property is next to the silver king over on scott hill and and it Is thought that some of the at great beat product productive I 1 v veins oi of that that pro I 1 alper per i ty y make into Is the th fia barr ftc ground mr coxe who is a mining engineer and operator of wide experience bence was seen yesterday he had not been up to the property since the lucky shot was put iti in 1 I tx cx hect to make a careful examination of this vein this week r coxe but from what I 1 have already seen of it I 1 beli believe eve it gives great promise of permanency some of theold the old workings in the ground also have attractive showings and we beli believe geve we have here the making of a shipping mine finein in the near furuie regarding treasure hill j according to the opinion of one who is close to the inside affairs of the uintah treasure hill company re ay said an attempt was being made to gather in all the hutst outstanding and assets of the company immediate ly rather than await the expiration of notes due on january 1 1912 should this plan be successful it is likely that a dividend of the total amount will be paid to stockholders without delay should the company have to wait until the expiration of the remaining remal notes due the money now la in the treasury will likely be put out at 6 per cent interest for the six months only quarterly the report of the daly west mining company for or the period from 1 to july I 1 of this year his has been prepared and it discloses a condition which in every regard Ss Is among the most fao adorable favorable rable ever submitted by the management to directors and shareholders the following Is the financial statement cash on hand march sl 31 1911 1 RECEIPTS ore sales ton concentrates 1785 tons crude ore 1905 tons zinc con miscellaneous receipts I 1 disbursements general accounts 03 dividend VivId end no 53 0 3 cash on an hand june SO 30 1911 2822 2 1121 general manager II 11 G Me report then says showing a 1 net gain for the quarter ot of liter after paying alvid end no 53 and all disbursements leaving a prudent reserve fund results from the mine and mill tor for the second quarter ot of the year hav hive e sustained the expectation predicted in the first quarterly report ton ol of ore has visibly increased in the work done in the territory bounded by the 1700 aal 1300 1900 levels the streng ht lit ot of tho I 1 ore bodies developed on the 1900 level and in raises and drifts maintained in thickness and in width some feet continue downward from this level the opening off of the fissure sure oa an the 2100 level will demons monsarate crate th extent the 2100 level is being driven in the toot wall country and hlll be continued some to the property line of the daly dal y judge mine where the fissures fis will be cut relief from water can be anticipated and this level prospected d I 1 during DuT irig the quarter feet of development work nork has been accod which consists mostly in dead or development work consisting of crosscuts cross cuts drifts raises and dinzes on and from the 1200 1700 1800 1900 and 2100 levels the tae mill has been in constant tion treating the usual tonnage w alth savings quite up to past records he addition of more ng table capacity cr crowding Is avoided and better savings should DI dividend ill bend check no 54 w wall ll 11 accompany this report which our cash reserve abundantly justifies the board abard in its action in declaring LOOKS good for thompson quincy an official of the thompson quin cy consolidated company stated on wednesday that conditions were as near ideal underground as they could be short of actual ore bodies of magnitude the drift now making fut foi the contact from the 1200 foot level ot of the daly west ground is over feet beet the ola old thompson ground and the face at present is showing 0 wag streaks of galena and iron the for astion is growing soter softer arii and water Is being deev developed eloped all alf ot of mach indi indicates cales some changes for the better at practically any round of holes this drift must plow its way through the old thomp sort son territory before reaching the oil west quincy ground it will pens pene the thompson ground at vertical depth of practically 1700 feet while the same drift will explore the old west quincy at a depth of abo 1900 feet the management mama gemen with this daly west arrangement is s r relieved e of any concern regarding water and the financial condition of the treasury is healthy enough to tree free the officials from any care on oil that score tribune solon spiro was waa in the ile park yesterday and visited the king con he had nothing to give out for publication fred T williams of the daly west yas was a visitor to lureka eureka this week where he has valuable ni billig in ill te teres rests ls C 11 short of the grasselli grassell ZUIL plant left tor for denver monday last on oil important business connected with the plant shipments daly west I 1 silver king dealy judge zinc total I 1 |