Show i i i 9 i I 1 1 I 1 I 1 I 1 I 1 I 1 1 1 a e a i F 1 1 I 1 7 I 1 1 m j r mm 9 ct ri if IV I 1 i M 1 Z il tt U r 5 I 1 I 1 MEETING or OF SILVER KING NEXT MONTH I 1 the annual meeting of the stockholders of silver kin king coalition mines min company for the election of officers alad and th the transaction of other business will be held at company offices in salt lake city february GOOD ORE UNCOVERED V AT TIIE THE STAR OF UTAH conditions are so favorable at the star of utah that it seems almost sate safe to t predict that the ore bodies have ao at t last been reached and that another producer will soon be added to the list of park city shippers last monday night in the north crosscut from the main tunnel a three and a halt half foot fissure running east and west was cut with fifteen to eighteen inches of good ore in the bottom of the crosscut superintendent fisher came over from the mine tuesday bringing samples of the ore which bring favorable comments from all who have seen it the fissure 1 Is in lime and quartzite with every indication of big ore bodies close by to a record reporter this morning superintendent fisher expressed himself as being very much pleased with present conditions drifting Is now in progress both east slid and west on the fissure following the ore there should be good news from this property within the next week or so I 1 FOLLOWING BEDDING OF LIME AND AT MAYFLOWER A telephone talk with superintendent gay at the mayflower this morning elicited the information that the long tunnel has just got through forty five feet of diorite and Is now in a lime find quartzite formation and following the I 1 bedding of lime with quartzite top and bottom mr gay says they are getting very close to the first major fissure with conditions in the tunnel running true to surface indications it is very probable that ore are will be uncovered with the cu cutting eting of this fissure STILL prospecting SILVER FISSURE AT PARK CITY CON superintendent despaine Desp alne of the park city consolidated informs the me record d that oie 01 e shipments from this property are being iown b cause of the shattered metal market lie he says there has been no new strike recently as reported but as depth Is obtained on the sliver silver fissure ore conditions improve and carries more lead and zinc as the au sulphide zone Is penetrated work Is now 11 being prosecuted on the level in the silver fissure with metal prices where they should be park city district would be attracting much attention right now however hold on to your park city stocks SMOOTS HILL BILL NOT INDORSED BY MIXING MINING MEN in the press dispatches the past week wa was 9 the he following regarding the smoot bil bill t there will be no legislation by congress r this session relieving the owners owner of f mining ining i claims from doing assessment work on these claims either for this year or last the senate committee on mining after discussing the smoot bill which would waive this requirement has decided to sidetrack the bill and the house committee which had before it a similar bill by representative douglas of arizona n has been importuned importuner to take no clarizo ac action tion ce in fact a representative douglas has repudiated his own bill and has joined in asking that the bill not be reported since these bills made their appearance there has sprung up in all of the mining states of the west protests from the miners and prospectors who have been making a living in recent years by doing assessment work for others who have not been in a position to do their own work and there has developed a widespread fear that passage of these bills would be followed by similar leals i lation applicable in 1931 GEOLOGIC SURVEYS MADE paul murphy international smelting smelling Sm elting company geologist was conducting geologic surveys at park city the past week SILVER AGAIN IN 11 SPOTLIGHT discussion of ways to aid silver Is I 1 attracting more antimore anti more attention from statesmen and financiers during the week no less than three plans tor for the betterment of world conditions by improving the price of silver have been advanced one by francis H brownell Browne II first vice president and chairman of the american smelting smelling Sm elting and refining company the other by senator paul H hunt or of keetley utah and the other by R J bromle publisher of the vancouver sun the orient has also been heard beard from A telegraph from shanghai china last week stated that the shanghai chamber of commerce on analyzing the so called pittman plan believed that it would do more harm than good the or favored a world conference to stabilize the price of the white metal but urged the defeat of the pittman plan since to send more silver to china would only result in the slump of the metal to unheard of new low levels the brownell plan says first that united states england including india france including indochina indo china and as many other governments as possible agree to make no further sales of silver un until it 1 the price rises above 50 cents an ounce or some fixed price secondly that the governments will purchase the amount of silver they now are authorized to acquire for subsidiary co coinage I 1 nage w whenever the market price Is under 50 cents an ounce or the figure agreed on 1 britons cooperate co operate meanwhile a preponderance ance of f british opinion Is demanding t the e rehabilitation of sliver silver as a money metal in correspondence pon dence recently made available to george W snyder and frank B cook members it if the international silver commission francis L harden prominent resident of shanghai states that asia will drag europe down to its own level of existence unless asiatic standards are improved through a stabilization of all silver mr harden points out that the average verge ge american consumes pounds pounds of su sugar 9 ar per annum in chino the average worker consumes 5 pounds ot of sur sugar ar annually it if only the oriental consumption were increased by two pounds he continues the cuban and javan surplus would vanish mr air harden states that the millions ot of asia can not buy because international experts and frenzied financiers have taken from their honest currency its purchasing power today he says asia has retired behind her traditional wall and Is purchasing nothing and has become a competing manufacturer the oriental peril he states is economic and not military bimetallism urged A newspaper clipping contained in the correspondence quotes J F darling english banker as having informed various governments constituting the british empire that a return to bimetallism bi bl Is the one and only remedy tor for economic ills which it if unchecked will rapidly bring j decay and dissolution to the fabric of international ter commerce R J cromie publisher of the vancouver sun who contributed to the correspondence states that canada Is going to bed tonight with a surplus of bushels ot of wheat china Is going goin g to bed with starving chinese ile he recommends attacking the problem aroble i on n a credit to china angle western mineral survey RAISE HAISE BEING PUT ON VEIN A strong well mineralized fissure has been cut in the star of utah property la the park city district according to superintendent john D fisher who was in salt lake city on wednesday says bays western mineral survey of the the assure just cut in the northwest northwest crosscut according to mr fisher Is seven feet wide from wall and strongly mineralized the formation Is the limestone and the outlook for opening up an ore body excellent we intend said mr fisher while I 1 flushing our other work to raise on this fissure to the favorable limestone beds just above j meanwhile the west crosscut is being pushed to explore the country below the ii wabash belonging to the star ot of utah and the northwest crosscut is being advanced into the assure area operations at the park galena were suspended on january 10 because of low metal prices which made it undesirable to ah ship i p on january 13 the mayflower tunnel had been advanced 2708 feet according to harry thompson salt lake representative senta tive of the charles moore enterprises progress Is averaging six feet a day which would put the tunnel about 2750 feet the present face ot of the adit should be just below the showing in the old park bingham workings evidently the fissure Is near since the formation Is softening up and more water Is coming in I 1 SIM EH PROBLEM IS TO WEST what western mining men would like I 1 Is a message to congress or some sorta of 0 an expression from the president in regard to the disaster that has overtaken silver says denver mining record it appears that the betterment ot of the silver situation depends upon some sort ot of an international agreement it if this is the case the west would like to know what action it if any has been taken to bring about this international conference the sliver silver slump is ot of more vital importance to the west right now than prohibition or any other problem yet the newspapers fill columns with the committee report on the law when we want news about the sliver silver c conference 01 I 1 that may be brewing bread riots in different sections ot of the united states indicate that some C cogs 0 gs are missing in world progress england Is being roundly blamed tor for the bustness business panic that has swept over the world due to the dumping of silver by that na nation alon the press of the world should print the pictures of 1 the amateur financiers who have bought this holofast ho locast upon all nations it if there was anything the matter with the silver standard ln in india the cure is worse than the disease without any advices advises otherwise we in the west are left to believe that the plight of the silver miner Is ot of small importance in high financial circles sliver silver is an international problem and should be considered the big problem of the hour by washington cities and states are rich enough to take care of hungry jobless men but it if the nations of the world do not soon solve the silver problem and replace silver in its rightful position in the monetary scheme of the world it seems possible that an n army of silver miners may have to bohil join the hungry throng and apply for charity it if there Is no future for silver let the proper government department make this fact known so that miners may give un their sliver silver claims and turn to gold mining STOCK SALES FOR WEEK FRIDAY new quincy 1550 e B 3 and park king a 0 and lc ic park konold 1200 6 and ac park premier 1100 ia be silver king coalition SATURDAY R A new quincy 0 si and bac park king lc IC park utah ft and silver king coalition MONDAY park city con 1200 i 20 and park premier 1000 0 be TUESDAY new quincy 0 pvc 3 C park premier 2000 0 tic sliver silver king coalition a 5 50 and WEDNESDAY new quincy ay and ac park city con 0 bac park utah Q THURSDAY new quincy 1000 3 40 P park a rk utah ORE SHIPMENTS park utah consolidated silver king coalition park city consolidated r w 1 i ff r i total |