| Show NEW QUINCY MINE OF PARK CITY IS HEADED FOR THE DIVIDEND CLASS according to press reports another bedding of ore has been opened on the hanging wall side of the 1238 fissure in the new quincy mine in park city this ore is exclusive of that on the side the ore has been drifted on for a distance of more than feet and is now averaging about fifteen feet according to general manager A L hurley the ore runs about 35 a ton coincident with the new strike it was reported that directors of the company will meet in april to consider declaring a dividend while no official announcement was made it is understood that application will be made to list the company stock on the new york curb market as soon as it is on a dividend basis at a recent meeting of stockholders the stock was made non assessable as one of the changes in the financial structure of the company necessary before listing on the eastern market i the output of the mine now has been increased to to tons a day and further increases will be made in the near future with this end in view a drift is being run on the level work in this drift has resulted in opening a foot of ore running ounces of silver and 40 per cent lead this ore makes along the contact of the weber quartzite and the park city formation when this drift is completed a raise will be put up shortening the distance of 6 on the 1200 level by about feet and giving the mine another working raise mr hurley reported that the drift on the 1239 fissure was nearing the ore making horizon and that a streak six inches to two feet wide running from 70 to 80 a ton already had been encountered this was over a week ago |
