Show hard luck mine A wv 4 41 J am mo py y ja 5 4 helm Q Z t M 4 wa park city consolidated could rightfully be called hard luck mine during the tha past ten years the nine mine has been one ot of tho the states major producers but so eo ta fa the stockholders who helped to 0 o finance the project have received nothing yet the mine has furnished almost steady employment ot of from 80 to men analysis shows the company has paid to labor tor for materials and equipment and has paid in taxes the tha story of park city consolidated is one of 0 heart rendering struggle but tho the stole stoic determination ot of the management Is 13 expected to bear results tor for those who have tuck stuck with the mine ore was first struck at the park city consolidated in 1928 at that time silver was selling at around CO cents an ounce shortly alter after the discovery silver started its downward trek and slumped to a low point ot of 2111 cents an ounce during the period ol of low silver prices the company was forced to keep the mine in operation in order to meet property payments moreover it was necessary to sell stock thereby increasing the number of 0 outstanding shares stock outstanding was increased irom from around to more than when silver ivas was restored to a profitable figure much ot of the developed ore above the water level was mined and it was necessary to expend huge sums in equipping the mine and in sinking below the water level the management Is now engaged in sinking churn drill holes tar far below the water level so that rich ore reserves lying below can be profitably mined the company now has only a small indebtedness tor for properties and its outlook for or the future is somewhat brighter providing an adequate silver price Is maintained by the government the tha accompanying photograph shows the surface plant at the park city consolidated which hns has grown from a small prospect within the last ten years the mine Is served by a railroad which runs directly under the dump I 1 |