Show 4 1 a 44 4 4 0 1 41 H X 4 j 1 2 a M 1 pi ll 11 POT E I 1 n b V v duel aft 1 16 3 1 f 1 I 1 1 H A I 1 M aa S M 44 1 4 mt s i a t i r ir parr UTAH GOES ON PART TIME superintendent paul H hunt of the par park utah consolidated mines company worms informs the R ecord that this week the company cut their torce force about 60 per cent at the mines and to one shift at the mill ill mr hunt says that this move on the part ot of the company Is much regretted ed by them but it Is the only source grett left ft open lor for them at this time on account sc ot of the low price of metals and the overproduction ol of silver lead and zinc mr hunt gives the cheering information that he be thinks the emp employees lopees ot of the compain company ly will be given part time emp employment jen I 1 tor for the time being and is ot of th the opinion PI nion that before long with the decreased production ot of all the mines of the coun country try that metal prices I 1 will soon be ba back to normal and the tem temporary hard times a thing ot of the past while th the abax tax question la Is not directly responsible for the unrest in the mining game it Is a question that has been given serious consideration by the mine operators and the financing of oti prospects la is greatly hampered because with the uncertainty ot of the outcome ot of the present tax situation capital will go 90 elsewhere to invest and the state ot of utah will suffer in consequence let us hope hop e that the tax commission now in sess session ion will realize the importance of mining in utah and will do nothing that will in the least hamper the industry AT THE EAST UTAH superintendent duke of the east utah mine informs the record that work Is now under way for a big campaign ot of development at his bis property tuesday three shifts were started on the tunnel A drift has bee been n started to the south and about 1100 feet from the portal of the tunnel and it Is hoped that at least ten feet a day will be made by the crew now working timbers and supplies are now at tile the mine and work vill go on without interruption until the ore bodies that are known to existing exist in this property are reached fourteen in men are now at work in and about the property and all are enthused over the prospects of making a dividend payer of the east utah before the coming coining summer Is over CHANGE OF FORMATION AT THE MAYFLOWER superintendent gay of the mayflower mine is quite enthused now over the change in the formation that has taker taken place at his property the past week a quartz clorite formation has been cut and this new formation is 13 impregnated with iron and mineralized and it Is the opinion of mr gay that ore of a commercial value will soon be opened every man that can be worked to advantage Is being used at the mayflower and from six to ten feet a day Is being made by the three shifts the tunnel Is now in about 1200 feet rudd at the tbt pr no timber is being used which makes headway in the main tunnel faster according to mr gay everything la is working like clockwork at the property and every effort Is being made to drive the tunnel forward ALL LEASES STOPPED AT THE PARK GALENA this week all leases were cancelled at the park galena mine and now the management under the capable supervision of C T pearce has taken over all work in the in mine ine the system of mining has also been changed and in this way vday it Is the opinion of those in charge that much better progress will be made the tunnel on the lower lovLer levels Is still being driven to the west and within the next 75 feet the contact Is expected to be cut this contact will be in the quartz and diorite it is 13 in this formation that the big ore bodies of the camp are made the property is now producing about tons a month and according to mr pearce this tonnage will be maintained tor for some time when it Is ie the hope of the company that it will be materially increased the condition of the metal market arid and the financial market has hindered this property considerably hut but with a determined effort on the part of those in charge hopes are held out that conditions will soon improve when profits will ill be made on the ore shipped NEW NET PROFITS TOTAL 1 FOR 1929 net profits ot of the new quincy mining company were for 1929 according to the report read tuesday at the companas comp anys annual stockholders meeting the total income tor for the year was 63 as contrasted with mine expense ot of ba 86 the companas comp anys balance ce sheet shows a surplus as of december 31 1929 ot of 81 dividends paid during the year totaled all ot of the companas comp anys officers and directors were evere reelected by the stockholders they are as follows directors A L hurley alfred frank allen alien T sanford william wilham doidge thomas H but button tOll robert lynch arid and W H lynch officers mr hurley president and general manager mr frank vice president mr San sanford vice president and mr air doidge secretary and treasurer in his annual report president hurley stated i during the year 1929 there were tons of ore shipped bringing an I 1 average net smelter return of I 1 and an average assay value of 0 lead per cent copper per cent zinc 12 POO per cent silver ounces gold ounces most ot of this ore came from the westa western end ot of the property at the present I 1 time these ore bodies are pretty vall V ell plated there are two or th three ree fissures in the western end of 0 the mine on which we are doing some development work the development work forsbe for the last three or tour four months has been confined largely to the eastern end of the new quincy property and the newly acquired little bell property probably bo 80 per cent ot of the tonnage now being mined Is com ilg lit from the eastern end ot of the new quincy ground itself but we aie developing ve the little bell property on the level just under the janney quartz tte where there are a number ot of well mineralized fissures we are arc putting up raises on the most likely looking fissures vi ti intersect tile the janney quartzite there hope to pick up some come more ore the aures bein being developed on the level I 1 snow show a little very good ore on tile the level of the little bell we have opened up the little bell ats re to the east this line of work is a highly mineralized country with I 1 aches ol of ore scattered alon along 9 the bed ding arid and it looks quite promising this Is work is being crowded at another point on the we are up raising on a well fissure to ranch la the janney defined redla red quartzite which li T should libut be attained in teher 1 tile the ver very y near future the balance or of the tile work is being done on the eastern end of the new quincy property which la Is within a couple of hundred feet of the property line of the little bell we art are driving easterly on a fissure that Is productive a little farther to tile the west which looks mighty encouraging cou raging as we have had more or less ore au all the way at two different p points eints on this fi fissure sure we have started up raises to intersect the janney quartzite this work is being looked to with a great t deal of interest due to the tact fact that feet to the west Is our 1201 from w which we put a raise up to the top of the janney quartzite where we have r some ome four to eight feet of ore making strong to the east where the two raises will ill and also a above mentioned m come up making strong to the west back into new territory this Is a fissure with very little work done on it but what has been done to date Is highly satisfactory inasmuch as aa we have opened up what looks like a big bl stops slope average assays essays of tills this ore are silver 74 ounces lead zinc with some gold and copper which makes an excellent product for the ore Is heavy sulphide and easy to separate reparato our 1219 steps feet farther west and feet farther south on a different fissure Is producing a steady tonnage of fair grade ore the work for the past sixty or ninety days has all been development work we have had bad eight to ten headings going steadily and have aimed to take e c out U only enough ore to pay the a expense P tak of the development work but from now on we aim to increase our tonnage go to set said aside obligations which were made through the acquisition of the little bell property this perhaps Is not good business due to the excessively low price of metals however it Is the desire of the ofil officers ders of the company to got get out of debt ns as as possible both management and officers think this was a good investment for the new I 1 quincy company as the ground Is practically EL ab 11 in the sediment arles and the new quincy as well as the little ben bell fissures transverse the entire length of both properties some feet if we are is as fortunate in the eastern end of the mine as we were in the western end the new quincy should have a long life as indicated by results obtained in ill some oi othe t he recent development work NEW qI quincy JINCY SCENE PV STRIKE high erade Vade ore in the form of a bedded replacement in the limestone stratum overlying tho the janney quartzite has been opened up ul in the new quincy mine in 1201 fissure Ts sure parallel to 1219 fissure As says taken from the lower part of the bed according to manager A L hurley carried ounces of silver to the ton 25 5 percent lead 23 per cent zinc some orne codyer taff some gold I 1 the new strike mr hurley said comes as the result of the augmented development grogram carried on systematically I 1 for c se etheral e r a 1 months for some s 0 me time a raise has been following 10 1161 upward through the park city formation t on from one to three feet of fissure ore in 1219 when the limestone above the janney quartzite was entered the leading lebroke into a bedded replacement ment of ore body in which a drift has been extended more than 10 feet and 4 i crosscut for 20 feet without finding ameral lateral or longitudinal limits of the deposits tie tact fact that the ore body Is in 1 the hariton as that productive of scores of ti inions in the silver king coalition the daly west the judge and other utah rallies and that it is several hundred feel fee from the new Qu quincye incys newly so ac luied little bell ground and striking directly for it make the discovery 1 all the th more important readings are being started and 37 feet east of the new body of bonanza I 1 1 ore or in order to open up the same bed in virgin ground operations are also bein being g dished on the and levels of th the a Lt leBell in several places on the iri in one place la a raise Is following one to throe feet ot of ore to the janney quartzite LOW GRADE ORE AT TILE THE SILVER LUNG KING EXTENSION alword word from superintendent clegg of tile the silver king extension mine is to the effect that work Is progressing es sing in splendid shape I 1 at his property A carbonate ore has been encountered and while it Is low in values further work on the property Is almost sure to produce a higher value three or tour four feet a day Is bein being 9 i made and mr clegg Is more convinced than ever that a big mine la Is ahead of ther them I 1 THREE RINGS KINGS TO START WORK WORIC I 1 reports from the three kings mine is to the effect that all the necessary repair work la has a been completed complete and the ra mine equip equipment ment Is now in excellent shape to caumo work and this morning the regular crew started to work on an exi development campaign I 1 I 1 WORK GOING ON AT THE OF UTAH H superintendent fisher of the star of utah mine reports that work continues to go on at his property with developments of late more encouraging the big tunnel Is now being driven in a westerly direction crosscutting the formations a and a at the same time getting into territory t that hat will be almost certain of producing ore ot of a high value STOCK SALES FOR WEEK FRIDAY tt tot utah 1500 new quincy im q a hi 2500 paricity paris Park city con ati q bac park utah 3 05 silver king kin 9 coalition 0 W o 10 Nail driver ta SATURDAY aas utah 0 NW 1 quincy 2100 part park city con 0 CT a park konold afi park premier en a 50 park utah 60 3 00 50 COO IQ i liver king Coall coalition tion a MONDAY tast sast utah mh 1500 2000 0 ac rew new quincy 1500 C park city con boc alc park premier 1000 a silver king coalition 1 howell 1000 90 TUESDAY east utah 2300 0 20 c II 11 I 1 7 new hew quincy 1600 1171 park paris city con a park king 1100 loc paik utah 1100 0 ar 0 2722 2 raft fete konold FOO BOO ra 1 WEDNESDAY nw quimcy loo a loo 0 1 10 ab 2700 2700 q S P arh rk utah 1000 a faiver ilni king coalition 35 ro east utah 1000 0 2 I 1 bpark utah consolidated silver king coalition anew new quincy park paric galena 11 lo 10 A I 1 I 1 total aci W I 1 |