| Show I 1 M M ESTHER FINANCE at the queen esther wo work rk Is going steadily ahead with a lorce force of 0 four our me men n with conditions improving as development progresses A station has been cut 0 on n the level and the work ot of drifting 0 on n the contact to cut the fissure Is now in progress it Is the firm belief of the management that ore will be encountered W with ith the cutting of the fissure this property Is located at the head of f deer valley on the cast side and in a mineralized section of grea great t promise the company Is amply financed tor for the next I 1 year bear and the sincere hope Is the property will be on a paying basis long before the year veal Is up THREE KINGS while the management of the three kings Is very conservative in the statements made of the three kings reports from those in a 9 position to know say conditions are improving all the time and that the property Is destined to be in the regular producing class before long THE STAR STAB OF UTAI UTAH word from superintendent J D fisher this morning was to the effe effect C that the contact had not yet been reached but the face of the tunnel was becoming heavier mineralized with every shift which leads to the belief the contact Is near in writing of this expected contact recently mr moore says 1 I dont know that we can expect anything when we reach the contact the tact fact Is we are not expecting anything of any great consequence until we reach some big features which fire are at least 1500 or 2000 feet ahead of us ot of course we might tod find a bunch of ore when the contact Is cut and I 1 hope we will but the right kind ot of contact and the country where we know there Is ore is a 1000 or so feet ahead yet there Is always a chance of having good luck and striking it rich where nothing is expected the park utah found some great ore bodies in the quartzite near the contact between the diorite and quartzite we will not reach the lime quartzite for some months yet naturally it Is nut not necessary to have a lime quartzite contact to find ore are in park city A good part of the ontario ore and park utah ole 01 e la Is found in the quartzite near the contact ol of the quartzite with the diorite but not on the contact of the quartzite and diorite PICK PARK BIG INCREASE 01 ER 1926 earnings ot of the parts park utah consolidated mines company tor for the first s six ix months of 1927 after deduction tor for general taxes and depreciation but n not at ted fed bial taxes amounted to nearly in view ot of greatly improved metal prices and likely to prevail during the second halt half of 1927 this Is at the rate of more than for the year as compared with for 1926 this indicates that the park utah Is earning 20 per cent more than dividend requirements dividend requirements of the company are a year or 80 cents a share as compared with 60 cents a share tor for last year the exact amount ot of net earnings tor for the first six months of the year was after deductions for general taxes and tor for depreciation but not including federal taxes in other words the park utah consolidated mines company according to president and general manager george W lam bour bournes ries statement yesterday in but six months earned 60 pet per cent of 0 the years dividend requirements notwithstanding that metal prices were much lower than last year and disbursements to stockholders 33 13 1 3 per cent higher gold production soars production ol of metals during 1926 1920 the banner year tor for the park utah company will be greatly exceeded during 1927 if metal production during the first six months forms a basis for conjecture while the increase in the output of all metals has been notable that of gold ts is extraordinary tor for production of the yellow metal during the first half of at the current year amounted ounces or nearly as much as was produced during the whole of 0 1926 when ounces were mined this advance has been ca caused us ed by the higher gold values in the ore of the park utah unit of the com banys holdings zinc output tor for the first six months totaled pounds or 30 per cent moro more than was produced during a corresponding period of 1926 when pounds was produced silver output tor for the first six months ot of 1927 amounted to ounces or I 1 per cent mar marij than output for the same period ot of 1926 when ounces were marketed lead output tor for the first halt half ot of 1926 totaled pounds or at a rate 20 per cent greater than that ot of 1926 wh when e n I 1 a record of ct pounds was e established s i 1 ore bodies vast the remarkable showing ot of the park I 1 11 utah tah consolidated mines company can be attributed to three factors first recent I 1 installation ot of the most modern modem mining equipment second low cost operations erat ions which allows the park utah organization to handle a tonnage that makes the park city property the largest underground mine in utah and second only in output to the utah copper third the tact fact that the company Is exploiting ing in the park utah unit an ore gody b body which has been pronounced by engineers visiting utah one ot of the largest large s t it if not the silver lead ore ha body dy of its kind in the world outlook of the company has been further enhanced by the opening ot of an ore body on the level east of the ontario drain tunnel end and a considerable distance west of the no 2 or main shaft on the 1500 level on the level ore has been followed continuously lor for feet without finding its lateral boundaries where crosscut in the center of the ere exposure the ore measures twelve or fifteen feet wide the first carload shipment cairned values about twice as high as the usual production of the mine mine car samples have assayed as high as ounces of silver strike significant the deposit while associated with the quartzite and carrying values somewhat similar to some of the rich silver ore first opened up in the park utah on the 1500 level feet below and farther to the east resembles in a striking manner the ores of the famous ontario mine to the west also owned by the park utah company for this reason and the fact that tho the new bonanza Is in entirely virgin territory to the west or of the major ore park utah bodies and in a horizon higher in elevation it if not than the other large of the mine officials are inclined to believe that an altogether new deposit has been opened up having no connection with anything ever exploited in the east park city mine SHOWS SILVER news to the effects that development vork ork on the northeast fissure of the park standard mine in east park district has produced vela vein material showing an appreciable preci able value in silver and traces ot of gold eold Is from the by nn A dunyon president and manager and given to a reporter ot of the western mineral survey this information is the cause of much elation among the officers and stockholders of the company because the vein on which the work is being done is widening and the vein material Is showing marked improvement in with progress this vein was opened with a width of about an inch and it has now widened to more than a loot foot and Is continuing to widen with development this vein strikes directly toward the typical park city lime formation lor matlon in which the great ore bodies ot of the park city district have been found in most ot of the big dividend paying mines of the district this lime formation was located in driving the main tunnel and now the vein in the northeast drift is being followed with all possible speed to its point of contact with the lime formation lor matlon it is at this point that the pay ore should be found and at which manager dunyon Is confident it will be found in the park standard as it has been in other noted mines of the section mr dunyon stated after his visit to the mine that the fissure contact with the lime formation was apparently not more than thirty or forty feet further on importance proof that the mining industry ranks first in commercial importance in the united states lg Is carried in a statement ot of the southern pacific railroad quoted by the second july issue of finance and trade says the salt lake tribune the report states last year tor for every man woman and child of 0 our population the class 1 railroads carried an average burden of pounds of 0 the products ot of mines pounds of 0 goods 1908 pounds of the products of 0 agriculture 1790 ot of forest foredt products pounds ot of animals and their products pounds ot of the unclassified articles ai tides in I 1 less e ss than carload lots this Is a task equivalent to carrying 14 pounds of freight one mile every minute each day tor for every inhabitant ot of the united states the products ot of mines were approximately xi one fourth more than all the Dro products ductS ot of agriculture animals manufactured forest products and un ull lassi fled articles put together OUTPUT skill has made it possible SOT or utah mines to increase indrea se their output 0 ot f ore notwithstanding lower prices of metals during 1926 utah mines produced tons ot of ore as compared with tons tor for 1925 UTAH LEADS IN siever production during 1926 utah was wag the leadin leading 9 ell silver r producer ol of the united states second arid in the production ot of lead third in copper fourth in zinc and sixth in gold value of 0 all metals amounted to more than STOCK SALES IOB FOR I OB WEEK FRIDAY park utah at as 6 80 i sliver silver king coalition at SATURDAY park at 6 80 kings 2000 at MONDAY park utah at 86 6 95 and 87 7 00 TUESDAY f new nev quincy at wac j park utah at a silve king coalition 70 at 8 40 and WEDNESDAY new quincy at 2 27 and 28 C park paris utah at sa 7 00 silver king coalition tit at 68 8 95 THURSDAY new quincy 1000 at park utah at VI 00 three kings 1000 it at loc VISITS PARK CITY C F kelley president eat of 0 the anaconda copper company accompanied by J R hobbins vice president J charles ryan director L 0 evans attorney C D woodward electrical engineer and J 0 elton manager of the international smelting smelling Sm elting company thursday morning visited the bingham mining district and in the afternoon took a trip to the P park ark city district in their private cardes car deseret news PARK contract for extending the tunnel in hs he park bingham companas comp anys park city property on them the east limb of the anticline adjoining the park galen a property has been awarded the work is to progress at not less than eight feet a day the tunnel will wil I 1 have a bout about 3 00 f leet e et to go before lla its objective Is reached GALUNA I 1 nine mine work Is going ahead at the park galena gale n a but the MIN mill Is not yet in readiness lie to commence operations ore Is being mined every day with general conditions steadily improving this week tons were marketed CROSSCUTS general manager M J dalley dailey of the silver king coalition was in the park saturday remaining over a day or two at that big property there was nothing of unusual interest to give out for publication further than the vast ore reserves its I 1 a continually increasing ins development progresses in avast vat virgin territory owned by the company park utah consolidated silver 2578 onta trio 1 paik galena r total f |
