Show I I P 10 IO I O KM 1 hihi hil H 4 il I 1 min 11 jil H ag I 1 M d later s Il I 1 i 4 I FOLLOWING PARK EX EXAMPLE says the eureka reporter Hc porter following similar movements in other mining districts gintic tintic banks have banned circulation ol of one mid and two dollar dills bills with the 0 idea ot of promoting the use of silver coin it Is planned to exchange nil all small email c currency lor for silver as fast as it comes into the community other institutions in tho the district also are active in attempts to aid the depressed silver market the above plan has been in vogue by the two park city banks for years past wo we lead others follow AN unintended 1 BLUNDER in our issue ot of may in the article over the signature of charles moore headed beaded nailing a malicious lie a paragraph referring to work done in the star of utah read we also sunk eunk an all underground shaft feet and the entire amount of work done dona to date in star of utah Is lust just about equivalent in footage to feet of first class tunnel work the error was in making it appear that in an u underground inder ground shaft had been sunk feet it should have read THREE HUNDRED FEET as that Is the actual depth of the shaft referred to the error was entirely the fault of the proof reader of the record and not the fault of the writer of the aforesaid article ed PARK STANDARD LOOKING SPLENDID manager N A dunyon was again over to the park standard the first of the week and is more than pleased with present showings in the face of the workings streaks of quartz are coming in and the vein matter has shown values tor for some distance every indication has earmarks ear marks of ore making and both mr air dunyon and the two miners at work are confident of cutting an ore body sooner or later A meeting of the directors was held monday afternoon lor for the purpose ot of levying a small assessment for the purpose of speeding up work a bit but the result or of the meeting has not been learned L d WORK STOPPED ON 01 PARK pank PREMIER SHAFT the first of the week word was received cc I 1 ved irom from the new york office to temporary po suspend work on the park premier shaft owing undoubtedly to the present weak state of the metal market several workmen are retained doing surface work around tho the property and it Is believed it will not be long before work la Is resumed in the shaft PARK KONOLD GOING DOWN word from the park konold this week Is to the effect that the shaft Is being put down as fast as possible a depth ot of I 1 more than feet having been reached the objective Is 1200 feet I 1 work Is also being pushed ahead in tho the victory tunnel another unit of ct the I 1 international holdings SILES SALES my ron FOR HOWELL delinquent TOMORROW tomorrow june ath Is sales day for the delinquents of the howell but very little it if any stock will be sold I 1 for the past two weeks the work ot of removing the compressor from the tar baby property some 2000 feet up the hill from the howell to the mouth of the I 1 howell tunnel it Is expected the corni comi I 1 will be placed and in operation by the first of next week when develop I 1 I 1 ment work will be resumed conditions Conditi or a are reported very favorable and there Is every reason to believe good news will tie be i j forthcoming before long NEW LOW RECORD EC R I 1 ron FOB SILVER press dispatches dated june 3rd ard says bays bar silver dropped 1 3 ac here today to i an ounce to establish another new I 1 low mark for all time london bar silver was wag at 16 5 lad off 7 ad silver metal touched a new low record I 1 I 1 of 16 5 16 pence an ounce today under weak cal china advices advises ad vices sales from india and lack of support from any quarter reestablishing SILVER wednesdays salt lake tribune says congress as a 1 whole hole has been more more or less indifferent to the difficulties threatened by the continued decline in tho the price ot of silver doubtless on the theory that silver Is but another commodity official thought has looked upon market apparently slid and without alarm it perhaps was considered only the concern of ver producers the situation however has taken on an international aspect with the result that the serious import of the drop iv 19 now recognized in official circles the most substantial governmental step taken in behalf of white metal Is 13 round found in the action ot of the foreign relations committee of the senate at the instigation of senator pittman of nev ads ada a subcommittee will be appointed to study the situation particularly as it affects trade relations between the united states and china the decline in the tha price ol of silver precipitated by effort of great brittia britain to force a 16 gold standard upon india together with internal strife in china already has resulted in a serious curtailment tail tall ment of trade between china and the united states with her purchasing 1 power cut almost in two by the decline in the price of silver china Is beset with trade difficulties both imports and exports are vitally affected china and the orient offer the greatest u undeveloped markets in the world and ore are particularly vital to the united states especially the western part it la is to these markets that we must look for consumption cons emption of surplus production w which becomes more and more important as our output increases senator pittman has been outstanding in the i senate for a realization of the ance silver to american welfare in urging this step he Is taking the initiative in a matter that la 13 directly concerned with our future prosperity no one knows exactly what Is to be done or what can be done to avert the difficulties that are bound to come it if the present situation endures silver dubers os as well as students of international relations however feel that the I 1 situation Is serious and demands some determined action the action of tho the foreign relations committee Is encourage jing ieng in that it Is if reflective of official in am 1 1 1 1 1 1 4 m terest which should result in determined efforts to reestablish the stability of the silver market the committee has wide powers and may examine into the tha silver as it relates to india as well as china the hope of a solution of existing diff 1 c u 1 tl e s 0 of course co u rs e lies in international 1 t treatment r e a t m e nt it b by y n no 0 blegan means s fa Is s a cnota domestic esiff problem the III effects ot of course are arc felt abroad at the outset this however becomes our own particular con concemi conce ceril mf since the reactions in china and elsewhere are immediately reflected in our trade balances it Is to be hoped that the effort of the foreign relations committee will result in action which will stabilize the market and restore confidence in world trade where it is dependent upon the endurance of this standard developments AT tim THE PARK CITY consolidated superintendent despaine Desp alne of tho the park city consolidated reports that the work of sinking tho the shaft was delayed two days this week on account of the cutting or 0 a pocket on the level but that Is now completed and the sinking 0 of the shaft Is resumed the ore in the bottom ol of tho the shaft Is increasing in value and size as the shaft Is sunk the shaft Is now down feet the work at tho the mine besides the work in the shaft consists of drifting and st sloping on the and levels where the conditions are decidedly encouraging to the management this promising property shipped tons of high grade ore to the smelter this week 11 IN AT THE foreman gay of the mayflower reports that the face of the tunnel Is s now in a much softer formation consisting of diorite quartz and ph find and better footage Is being made mr air Is of the that a considerable importance will be cut within the next week and with the present favorable change much may be expected from the hoped for fissure the big tunnel Is now in the mountain 1700 feet mr oay gay reports work is going forward and satisfactorily with all the miners doing their utmost to make footage that the ore bodies may be reached all th the a sooner AT TIIE stall OF UTAH TI superintendent fisher of the star of utah informs the record that the face of the big tunnel Is now in lime the change in formation that has been looked forward to by the management for the past several hundred feet the tunnel has deen in diorite and the change has been expected by mr fisher mr fisher also informs the record that the maps of the property are now all complete and according to the latest survey only about feet more will be necessary I 1 before the first objective of the tunnel will have been reached and from that point two crosscuts cross cuts will be started one in a northwest north west direction and one in a ra southwest south uth west direction and according to cross to 0 o be driven any great distance before the other two objectives are reached when the ore bodies that are almost tain aln to be found are encountered and news from this property will be of great importance to the stockholders everything Is going on in first class shape at this property good footage Is being made and all machinery working in first class order SILVER IS NEEDED TO BRING I 1 GREATER WORLD prosperity the action of the united states genato gento to in advocating a 30 cent protective tariff tor for silver will probably hasten an 1 international policy to broaden the use of the white metal western men should I 1 be loyal to silver eastern men who are jealous of the prosperity of the nation I 1 should also use the white metal whenever possible when you change a five dollar bill ask for sliver silver dollars in I 1 change you will be helping to broaden the use of silver and will be helping tho the nation I 1 mexico the great sliver silver producer south of the rio grande will suffer as a result of 01 the drop la in the price ot of aliver mex mexico ca Is one of the best customers of tile the united states it if the buying power of mexico is lessened because of the slowing up of mining the manufacturers of the united states will suffer if china cannot buy up to its maximum because of the slump in eirv er the cotton growers in tile the south will find that a lessened I 1 demand Is causing it a lower price for cotton mexico produces about ounces of silver a year if the price drops from GO 60 cents an ounce to 40 cents an ounce the loss to mexico Is twenty ty million dollars a year the united states government should demand an international parley to place silver in its proper position in the financial world nations should bo be barred from international recognition that discard silver from their monetary system ond and use debased collis coins the united states Is powerful enough to help the world devise some system to place silver in its proper place there Is only 10 cents in gold to the dollar credit in the united states it seems that we should start the movement to place more of the burden on silver iron ore MATHEZ CASE TO BE APPEALED A move to appeal the directed verdict of not guilty ordered march by judge david W moffat of third district court to in the forrest mathez embezzlement case was started friday by district attorney ray van cott mathez former general manager and treasurer of the three kings consolidated mining company was charged with embezzlement of shares of the company stock and the alleged sale price of the stock judge moffat granted the directed verdict after several days spent in the trial of the case holding that there was insufficient evidence to permit the case to go to the jury van cotts coals appeal albal will be filed in the state supreme court MINING FORTUNES AWAIT MEN DIEN or OF VISION there are just as many chances tor for fortune in the mining districts of the west as there ever were says saya the denver mining record it takes men of the type typo of bob womack Womac fc W S stratton senator dark clark george wingfield verner Z reed col jackling and tom walsh to recognize mining opportunities where others full fall to see it there may be another I 1 stratton or another womack tramping I 1 the hills today with a potential fortune I 1 within his grasp and one of the seven men named above of the scores of western mining fortune makers could again carve out a new fortune in our western mining milling districts successful prospectors have vision and imagination fortune is their goal and hard work proves the road that leads to it STOCK SALES FOR WEEK there was no call on the salt bait lake mining exchange last friday and saturday the stock sales for the remaining lour four days of the week follow MONDAY east utah 2500 0 10 and ac new quincy 36 and park city con 2800 silver king coalition TUESDAY new quincy 33 and park city con 34 and sac park konold park premier 9 silver king coalition and WEDNESDAY new quincy 1300 1200 30 and park city con park utah park premier a 0 20 and east utah 1300 4 7 and be silver king coalition THURSDAY east utah 2000 0 7 and ac new quincy 1800 28 and park king 40 park premier 2500 0 silver king coalition and keystone park city con 2500 31 and park konold aioo park utah 0 SHIPMENTS 1 I park utah consolidated suver silver king coalition park city Consol consolidated ld ate d park galena total |