Show here and there around the state good progress is being made in sinking the north lily shaft which is now downa down a depth of more than feet it will have four compartments general manager paul H hunt of the 6 great park utah was in park city a few days ago and reported the various various properties under his management in exceedingly healthy condition with prospects for greater ore production brighter than ever it is reported that approximately six feet of ore has been developed for a distance of eighteen feet in a raise above the 1600 level of the new quincy mine at park city the ore is of a sulfide character in some places and carries as high as ounces silver development in the three kings property located in the park city district is being carried on along Z a promising vein of low grade ore carrying some streaks of high grade according to manager forrest mathez the present heading is being run on the level and just recently passed parsed through a 25 foot deposit of low grade tax assessment of old mine dumps as personal property is illegal and such an assessment is invalid this is is in in effect the decision of the supreme court of the united states in refusing a writ of review preview to beaver county utah in a case involving such an assessment upon the dump of the south utah mines and smelters shelters Sm elters both the district and the federal court of appeals decided against the county and their action has been by the court of highest resort at a recent meeting of the utah securities commission three companies were granted permission to market stocks the old mill tavern inc was granted authority to sell 1000 shares of 7 per iper cent preferred stock at per share ruby mining company was granted permit bosell to sell shares of common stock in utah at not to exceed 10 cents per share winder stillman copper company was also granted a permit to sell shares of common stock at 1 cent per iper share within a few days the work of re timbering the old black warrior shaft on the property of the north beek beck mining company at tintic gintic will be under way according to george H ryan who is directing the development of this mineral tract for E J and associates the north beck work of the past two years or more has been handled from what is known as the sacramento shaft and it was but a short time ago that the management decided to and go deeper in the black warrior shaft the completion of the deal between the tintic gintic standard and the iron king gives the former company a total of shares of iron king according to published statements for a total of this is on a basis of 33 13 1 3 cents a share and this together with the amount coming to the iron king as its part of the money from the sale of the goshen valley railway also turned over to the tin tic standard wipes out the entire indebtedness of the company and leaves a fund of for development of the iron king mine of the total shares of stock voted to the tintic gintic standard was new stock and the remainder was taken from the iron 1 king cing treasury W E L dillaway 76 general manager and tr treasurer aas of the utah metal and tunnel company of bingham died at his home in boston saturday morning june ath according to information received b by y R J bryant in manager odthe of the p property ro perty mr dillaway who was a colorful figure in the early mining history of bingham b was one of the original organizers of the utah metal mining company later this company was consolidated with the bingham new haven and other companies to form the utah metal and tunnel company in the early days mr Mir dillaway did considerable sid erable development work in american fork canyon but later withdrew and concentrated his energy in the bingham field his last visit to salt lake was ten years ago |