Show mortn rs 1 PIRK PARK STANDARD DIRECTORS TO MEET A meeting of the board of directors of the park standard mining company of this dis district t brict la Is called for monday june 2nd and at 3 p in at the office of the company dooly block salt lake city it Is likely a small assessment will be levied at this meeting SILVER TOUCHES A NEW LOW press dispatches ol of tuesday says atter after declining gradually tor for several days silver broke through its former record lows lous today the new york price was cents compared with the former low set on oil march 4 of 39 cents while the london price was 13 d as against 61 d mexican dollars were quoted nominally at 28 cents oft off IS a cent irom from the march figure of 29 cents local authorities on the sliver silver market ascribed the break in the price today to tho the fact that the rice crop in china is short necessitating imports of foodstuffs which has increased chinas cainas needs tor for foreign balances and his weakened the position of the country as a buyer of silver it Is felt here the the unsatisfactory condition of the crops in china has not yet been fully discounted and that new lows in silver may be wit witnessed d in short order the chinese curre currencies were very weak in the foreign exchange market today and subsided to new low levels PARK OFFICERS CERS ELECTED REELECTED RE directors ot of the park utah condoll Con consolidated soll mines company were reelected elected re at the annual stockholders meeting monday afternoon at company offices in salt lake city they are 0 W lambourne J 0 elton lawrence fox all of salt lake adolph 0 E hanke and william wraith new york charles lange and otto luedeking Cin cinatti ohio other routine business was transacted MINING WILL PROFIT FROM BIG bid POWER PROJECTS eleven of the largest projects in the history of the electric light and power either be completed or be hurt bun this year says denver mining reporter they will have an ultimate capacity of nearly horsepower and will require an investment of several hundred millions they are now under way throughout the nation mining and particularly copper mines will profit the elevon major projects are distributed among a number of states in different of the country including north and south carolina new jersey missouri pennsylvania california and new york the first effect ol of this new construction win will be better and more extensive 1 electric service to millions of american I 1 homes farms and industries and it will have an equally important effect in maintaining employment at high wage levels for a multitude of workers in contributing a large share of municipal and state otate taxes and la in distributing fair dividends to hundreds of thousands of investors ve no other industry will do more for america generally and individually than the electric light and power it manufactures fac tures and distributes electricity and along with it manufactures and distributes prosperity progress Is the keynote of its record pro pr ogreta greba toward improved service cheaper service and service for I 1 more people people than in former years it Is one of the two major industries which I 1 I 1 have materially increased the number ot of their employed emp loyes in recent years and 1930 la Is the greatest year from all standpoints in the history ot of its existence TINTIC PEOPLE lil URGE USE OF SILVER in some parts ot of the west localities that are suffering because ot of the slump I 1 til in the price ot of silver movements have been started to promote a more general uso use of silver coins says the eureka re porter only recently a resolution along that line was adopted by the part park city lodge of 0 elks and now every member ot of that order in the summit county mining camp Is a booster tor f or the white metal this may look like an insignificant proposition and one that will do but little I 1 good and yet Is no telling 9 just how great the benefits may be not at any I 1 i rate the people in places placer aiko ike park city and eureka shou should id do clo everything in their power to boost home ind atries hief chief of which Is the mining milling of silver f I 1 the park city elks will aress the use I 1 of silver in all of their later inter lodge cor I 1 I 1 i STOCK SILLES FOR j FRIDAY new quincy 2000 ff a 43 and 1 c park city con 2200 a 35 and 33 c park premier boo 25 and east utah 1000 I 1 park utah 3 00 and 2 75 SATURDAY new quincy 2300 42 and park city con 34 up to 39 and closed at 38 c park premier premer 0 MONDAY 1 new quincy 41 and I 1 park city con 2100 42 and 44 va C sl sliver I 1 ver king icing coalition 9 30 TUESDAY I 1 east utah 1600 13 and isaic new quincy 39 and park premier 9 I 1 I 1 silver king coalition 9 10 and park city consolidated 2200 a 0 park nelson 15 and loc WEDNESDAY new quincy 0 36 and park city con ati and park nelson loc park utah silver king coalition 9 00 park konold 50 lee park premier 25 and 23 c investigate THEN USE YOUR OWN JUDGMENT A man will ask a banker in florida or vermont or wisconsin what he thinks of a utah or nevada or california cal ITO enla mine and ten chances to one that banker will without one scrap of knowledge concerning the mine advise against the investment says mining facts IT if you want to prove it just go and ask a dozen people ale at random whitt what they think of silver e king coalition as aa a buy at per share or it if they think t the h e star sa t r of f uta utah 1 I 1 li Is a good purchase at 25 cents we venture i to guess that not less than five of I 1 the twelve will advise against such in I 1 vestments although we all know thai that both stocks are selling far above the prices mentioned above if a man wants information concern continued on page rive 1 fial 11 lif r i 11 r 1 v ina 4 I 1 mining matters I 1 4 b f continued from page one ing mines he should obtain it from mining me men 11 some boma ot of the squarest shooters on tho the face of the earth he should gather facts weigh them carefully and then make his bis mining investments as he would select his bis winter fuel supply by using ills his own judgment and do doing I 1 ng h his Is own thinking FINK fer ORE SPECIMENS FRO FROM t PARK CITY CON in the show chow window of welsh driscoll BUCK are several fine specimens ot of ore brought over from the park city consolidated soli dated property the past week irom from find reports from the the recent new property today are to the effect that ore conditions are improving steadily it looks very much as if part park city Is going to have another big producer very soon seen within shooting distance of main street work on the railroad spur to the property la IS being pushed head ahead PROMINENT pROsTINE NT CACHE VALLEY PEOPLE THE MOORE broker A P ridge crime came up from salt lake city sunday last accompanied by several bankers stockmen stoc kmen and business men of cache county utah on a tour of inspection of the mayflower and star ot of utah properties several hours were spent in going through the workings the visitors eap exp re tsing their surprise and satisfaction is at the extent and thoroughness of the work being done clone they all expressed presse d themselves optimistically as to the ithe future of both the mayflower and star of utah GROUND GUTTING GETTING SOTTER SOFTER foreman gay of the mayflower informed the record last evening that while the face of the tunnel Is still in dorale tile the ground la Is getting softer and a change of formation Is looked tor for with every shot ORE AND LOTS or OF IT AT CITY consolidated word from park city consolidated last evening Is to the effect that the shaft Is down feet and sinking now Is in 8 solid 0 lid ore with grade of same improving as depth Is attained five cars of good grade ore were shipped this week international INTERN properties ALI 11 WORKING tile the pork park premier the park nelson I 1 the park konold oil fill controlled and operated by the international smelling smelting Sm elting people are all working with encourage i ing reports coming from all of them WATER AT THE I 1 PA PARK R K G GM LENA ENA superintendent pearce informed the record last evening that crosscutting cross cutting on the level goes steadily abel ahead ad with promising indications oro ore on the la Is holding out well with shipments bein being byingt mado made regularly considerable water la i being encountered on the level buti but Is 13 being handled satisfactory D during rang ithe the last six weeks the park galena has shipped thirteen cars of ore I 1 NO N NEWS r AVS FRONT FROM STAR or OF VI UT li MI 11 I 1 repeated efforts to get the stor star of utah property the past week proved unsuccessful from visitors there however the record learns that are I 1 about the same the face of the tunnel still being in diorite with an apparent change of formation coming in I 1 AT THE NEW QUINCY there has been an important change made fit at the new quincy property principally because of the shattered condition of 0 the metal met al market yesterday superintendent A L hurley informed the record that there will be no more ore shipments for the next month or six weeks all efforts being i directed in development work whatever t jore oro Is developed and mined during this comp campaign algia of development will be stored tor for future shipment the me property will be worked tor for the time being on Is a straight development basis I 1 1 four drifts will be run on the new I 1 quincy side sicre and tour four drifts on the little bell side eldo at least one third more del i i work will be prosecuted than i in the post past find and mr hurley says when I 1 shipments are again resumed which he be Is certain will be within the next six i weeks greater shipments will be made I 1 rind land the property in better shape chape than ever before during development work what ore Is mined in the west end of new quincy ground will be brought out through the ily daly judge tunnel th the fissure from which ore has been shipped chipped of late Is apparently running into another fissure in that section and present conditions are extremely encouraging according to mr hurley the development work planned on the little bell side aide will be done th through re ugh the little bell shaft the development now under way P will give employment to a greater number of men than employed formerly so EO while shipments will be practically abandoned for the next month or so the pay roll will be increased which Is beneficial tor for park city AT THE THREE RINGS KINGS drifts are being pushed ahead at the three kings but are not yet in the section desired aru no news of importance Is expected tor for some time but optimism prevails on the part of the management tor for the future of this property AT THE KEYSTONE while very little Is heard of the keystone these days development la is going steadily ahead with present showings decidedly promising according to manager hurley park utah consolidated silver king coalition park city consolidated now new quincy park galena total 0 |