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Show ONTARIO HTHE ease with which the Ontario Silver mine H at Park City has come back into the running M after years of idleness and misadventure which, M by tho way, cast no reflection on the merits of the M property, is one of tho wonders of the hour in H mining circles. M In only a few weeks after the resumption of H work the Ontario gained second place as a ship- M per of ore from its camp, and there has been M many weeks when its tonnage has even sur- M passed that of the Silver King Coalition, long the H heaviest producer in the district. The achievement of the Ontario seems the M more remarkable in view of tho fact that its M production is entirely of direct smelting ore. The M milling grades, which make up such a large pro- M portion of the output of some other Park mines, M are not being -utilized by the Ontario as yet, nor H has it been possible to continue development at M depth, owing to the presence of seepage water M in the 1700 level. H Judging by what it has accomplished under M these handicaps the mine will lead all the ship- M pers of the camp when the ground is unwatcred M by pumping and the property equipped with a M serviceable system of concentration. M The increasing demand for silver is one of M the most promising features of the horoscope of M the Ontario. Silver is its major product, and a M gain of ten cents an ounce in the selling price M of the white metal would make commercially M "M tjHf available thousands of tons of material in its H f workings which are of no value in times of de- I' pression. The annual report for the year 1915, which was released in April. Receipts" included $6,051.21 for H i royalties, $13,105.10 for rents and royalties, $10,- Hf 142.77 for ore sold, $13,908.29 for interest, $5,338.72 I JR from miscellaneous sources and $24,136.50 for sil- h liC ver on hand at 50 cents an ounce. The expendi- lnj tures for the same period were only $60,586.89, 1 W . leaving the company about $12,000 ahead for the if I ' year before active operations were fairly under m way. Its total cash assets at the commencement I':m of the current year were $312,674.07. y All of the upper levels are under lease and the Hi TO mine is humming with activity. Nearly all the IJi v lessees are making wages or better, and pay- I ing royalties to the company. There are many J blocks of ground from the surface down in which I ore bodies may bo concealed and there is still j i a considerable territory in which no development ' of any sort has taken place. j I The company owns large stock interests in ! ;f the Now Quincy Mining company, which has re- : J cently found ore in commercial quantities, and the 1 1 Naildriver property, which is being operated un- a , 1 der lease. m Mi J. E. Bamberger is president, Ernest Bamber- 1 ger vice president and general manager, and Her- i f bert Cohen secretary of the Ontario. The cap- 1 t 15 " italization of the company is only 150,000 shares, I lfi so it appears that the cash assets at the begln- I i b ning of the year amounted to more than $2 a "jlj! ! share on the outstanding stock. |