Show raise posted osted fw at M mines ims im s this week r the long looked tor for and hoped lor jor notices telling of tile the raise 1 in wages at tile the mines and all mills I 1 of 0 the camp were posted wean wednesday aday which ends ands tile the tepsa tense leeling feeling that t has prevailed since mince the men called oft off the strike and nd resumed work ork whether their hopes weri were founded on tact fact or not tile the feeling prevailed among the men that they would get their raise it if they quealy qui etly resumed work and the sympathy of the townspeople generally was with with I 1 I 1 V them SHIPMENTS silver king iao judge judge zinc 11 daly west total TIIE THE SILVER KING CON the following is taken from the salt lake herald of july the mine makers of park city have always profited when they acted on the advice given by horace greeley to the young men of his day go west each movement to the west on the course of the park city vein system resulted in the development of I 1 I 1 ore bodies of increasing size and I 1 value finally however progress in this direction came to standstill not because the mineral wealth of the veins was lessening but because of an increase in operating costs due I 1 to the influx ot of water many excellent prospects in hhaynes Th aynes canyon where surface ores I 1 I 1 demonstrated a continuation OU of the bonanza veins on ad account of th elarge capital required to deal with the water problem in the course of time many of these prospects passed into the hands of the silver king consolidated mining company and were welded into a compact territory of 1200 acres consolidation under strong man argement made it possible to undertake on an adequate scale the drainage and exploitation of the moisture ridden area A three mile tunnel of capacity sufficient to drain and develop the western third of the park city district was projected and under onder the energetic management ot of the silver king consolidated is rapidly nearing completion during 19 IS the tunnel known as the spiro tunnel in honor of the president of the Silver king consolidated company was advanced from feet to the foot point and in may of this year passed the 10 toot foot mark engineering authorities agree that at least six of the most productive silver lead veins of the park city district will be penetrated by the tunnel within the next feet the first in not more than 1000 feet and the others at short intervals thereafter its ownership of territory will enable the silver king consolidated to dritt drift on each of these veins feet to the west and extract its mineral contents with tar far less expenditure of time and money than has been required in the vertical shaft workings heretofore employed in development above the water level tile the greater part ot of the ore hort horl ton lon will be above the tunnel level this will permit overhead sloping and the loading ot of cars by gravity on emerging irom from the tunnel the tha cars can be unloaded either into railway cars or into the receiving bins ot of a mill according to lo the chr arter after ot of the ore with such facilities it hould be possible the manage adient blent estimates to produce the ore at prewar cost in salle ot of the advance in nine mine labor and all kinds ol of supplies and equipment I 1 to furnish sufficient spa space borrah road si sidings dingA tailings ponds dumps mills etc chii company lias recently eidlar enlarged ed its holdings ot of surface ground at the mouth of tile the ju tunnel nei by the purchase of a seventy live five ano an o tarra farm this land in addition to the aird previously acquired gives tle clin ary acres a at the tun ton rel re naf I ith the 11 KI an 0 po elna iltz ia nn 1 tin ia P t tl of 0 t ta ln l n Jl alli b li r 11 jq 11 j ini S ta bev ev t n p tl f ann r p rr city me pit rf r if r A cr I 1 r horizon where the fissures come to the surface and a considerable ton tonnage of of ore bre h haa been rained mined and nihill bit I 1 ll 11 ed at w what leai id i known as the CC C C workings in the upper part of Thayne Th aynes 8 canyon thirteen earl carloads oads of hilyer silver lead concentrates have been m marketed this bedr ye arand und a large stock grade zinc concentrates accumulated pending the betterment at tho the spelter tei market evenou eventually all y thes ore bodies will be tapped by the spiro tunnel ai at a depth of 0 1800 feet beet the vein system through which the tunnel will be driven embraces embrace all the farious famous ore channels chan nels from which the millions ot of the silver king coalie coalition ton and silver king consolidated have been produced east of 0 the water zone which interfered with further development the various veins yielded silver lead gold and copper to the value of approximately one vein alone in a distance ot of feet in silver king consolidated territory produced an average of per linear toot foot and it has been estimated that its continuation through the territory to be opened by the spiro tunnel will yield at the same rate the higher price of silver will also have an important bearing on the future earnings of the silver king consolidated in the past five years the company has sold approximately ounces of this metal at an average price of 60 cents an ounce had the present price prevailed during the five year period the ithe additional receipts tor for the silver cont elit of oti the ore alone would bave aimont almost doubled the dividends dividend son on the shar shares i es of thi the company even at i an ounce the minimum price fixed by baw law the 5 silver liver mined in the new territory will return about about 66 23 2 3 per cent more than the product of the old workings the facilities afforded by the spiro tunnel tor for cheap drainage and economical mining are appreciated by the owners of other otherl mining properties in the western part of the park city district and there is no question that its benefits will be sought by adjacent properties and a considerable revenue derived from extension of its privileges it the company decides to give such service the original workings of the silver king consolidated were developed through an 1800 foot shaft with numerous drifts and levels from which tons of ore of a net value of have been extracted in five years during the same period was paid in dividends owing to the scarcity of labor during the last months of the war work in the old slopes was suspended and the available men employed in the spiro tunnel and CC C C shaft there is however considerable unopened open ed 9 ground 1 bound in the vicinity of the old shaft from which good results are expected the officers of the silver king consolidated are solon spiro president and general manager 11 P morris vice president D L treasurer G W browning Browni rg secretary and harry A lee consulting engineer and assistant manager |