Show SILVER KING BUYS MAGNOLIA A deal of vast importance to the mining interests of park city and of utah was consummated in salt lake last week when the suits of the magnolia st louis mining company against the silver king company were compromised the silver king company purchasing all of the interests of the magnolia company as well as all of those of james mcgregor embracing about fifty five patented claims adjoining and surrounding the property of the silver king and containing some of the richest mineral ground in the great camp of park city the effect of the deal on silver king stock was almost instantaneous as it more than doubled in selling value within twenty four hours and there is no telling g what point it may reach within three months park city evidently is on the verge of a wonderful boom as events have transpired of late which will bring the camp strongly within the limelight of public observation and approval it is but a few days since e the daly judge declared and paid its first quarterly dividend during thelast the past few weeks the controlling interest in the ontario and daly mines has passed into the hands of the Bam bergers the moving spirits of the daly west while it is only a question tion of a brief period before the ontario drain tunnel will have been cleared and the great mines of the camp again drained of their surplus of water then again other mines of the camp have made splendid records during the past year and a number of them will soon take rank as regular dividend payers taking it all in all the future outlook for park city has a most rosy appearance |