Show ION IRON BLOSSOM ANDI AND SILVER KING CON DISCUSSED Two Utah Properties s Are I Reviewed in Market Letter Letter Letter Let Let- ter of Eastern House Among the mining properties discussed by Charles A. A Stoneham Co in their latest market letter are the Iron Blossom Blosom and Silver King leter Consolidated As to Iron I Blossom the letter leter says Production has increased in the last two weeks from twelve cars to seventeen and disclosures rs lo eighteen g et are ec e c cars claimed rI of dohe ore but t t the No p prospectIng prospect prospect- new pe ore i I Ing log on the 2200 level of oC the south shaft and in other parts of the mine is said to hold the promise of important developments develop develop- i ments Dollar Dolar sliver silver siver as foreshadowed at Washington will wili wi be of oC considerable benefit benefit ben ben- eft to Iron Blossom Its Is reserves of sliver lead lead ore are admitted to be de depleted depleted depleted de- de in the old slopes but the percentage percent percent- age of slIver silver in the second class cass ore treated at the Tintic mill mi is sufficient to tomake tomake tomake make an advance of oC 10 cents an ounce an important factor in the earnings of the company J In reporting shipments no distinction dis is made between the silver lead lead siver and the copper ore ore but the copper is believed believed be be- to be the more Important item at this time and copper is bringing 23 cents 10 per pound On January 10 the theIron theIron theIron Iron Blossom had in Its treasury treasur From this plus the net earnings of oC the thelast thelast thelast last three months there will wi be deducted for the current dividend and the Income c and nd excess profits taxes payable In June e In relation to Silver Siver King Consolidated the letter leter says Word ord ord comes from Crom Park CI City Utah that the Spiro transportation and development development development devel devel- tunnel being driven by the Silver Siver King Consolidated to drain and open up upa a vast mineral minerai territory in the southwestern southwest southwest- em ern part of the district has passed through a fracture zone in the Woodside shale which required careful timbering and temporarily glowed down the work work Now the tunnel Is In good ground again and andIs andIs andIs Is going on at the usual rate or about fifteen feet per day The machinery at atthe atthe atthe the Comstock California property recently recent recent- ly acquired by the Consolidated Is being overhauled In preparation for the development development development develop develop- ment and extraction of the large tonnage of milling ore exposed in the Comstock workings The mining of oC this ore are need not await the completion of the tunnel to the deep seated ore bodies boies of the Park City formation as the milling miling ore Is in the beddings lying above the water level |