Show MM matters I 1 HE PARK CITY CON CO at the park city consolidated work Is going steadily ahead and according to reports oie 01 e conditions improving as development progresses notwithstanding the low price of metals weekly shipments shipment are being marketed and the regular force kept steadily employed AT THE EK superintendent wm win gay of the mayflower reports that three shifts are now non engaged in driving on the big southwest fissure and good progress being made notwithstanding the heavy flow ot of water which continues in the face ace ore Is continuous in the fissure but the past week there has been no particular change either in quantity or quality the me rich body Is ahead so stockholders should not worry or get impatient AT TIIE HIE STAR OF UTAH superintendent fisher reports that bunches of rich ore continues coming in the upraise sinking on the ore fissure was commenced this week and drifting Is now being prosecuted both of on the fissure in the crosscut from the main tunnel with encouraging ore showings in fix the west drift there Is no doubt of the ore body being in the close proximity where present development Is being prosecuted and every effort Is bet being 9 put forth to locate it there seems t to 0 be ba no I 1 question that success will evenou eventually ally reward the honest and persistent years oi of effort and vast expenditures of money by the ahe promoters ol of the star of ut utah all to find the hidden treasure none will deny they are justly entitled to it SPHINX MINING COMPANY TO HOLD stockholders MEETING the annual stockholders meeting of the sphinx mining company will be held at the principal office of the company lif in the blythe fargo store in evanston wyoming at 12 noon on monday may alth 1931 for the purpose of electing directors for the ensuing year hearing the reports of officers and transacting such other business as may lawfully come before the meeting the mine has been idle for several months pending further financing of the company which has the property under C option reports president guy mckay recently the sphinx obtained a very favorable report from a a capable california engineer who had made a thorough examination of the mine and aid of this report the management expect to raise an additional for further development i superintend superintendent arnt A L ISSUES REPORT OF THREE KINGS ICINGS I 1 with the assessment no 34 sent out this week to the stockholders of the three kings mining company I 1 A L hurley encloses the following brief report of mine conditions since the first of the year j all work south of the shaft has been abandoned there was quite a largo rg 0 amount of work done here with oth g litt little 1 or no success from an ore standpoint tit and the major portion of the work has been carried on oil north of the shaft in new territory while we have cut two or three very well defined fissures we been able to open up any ore however there should be a fissure some fifty or one hundred feet ahead of us ul which should be much stronger than any one I 1 I 1 we have cut up to date it Is the intention ot of the board of directors to do this amount of work and to drive some short raises on the fissures we have already cut and after this has been done unless we get iome some favorable results we propose to shut down until the general conditions improve at t the he present time we are entertaining a an n idea of taking on six or eight hundred act acres ea more territory in the neighborhood lf it we are successful in this we will try to work out a plan whereby three kings stockholders will not be required to put up any more money for the development or of same BO after we do the amount of work mentioned we will close down until we see what the outcome of this proposition may bring I 1 MIXES MINES CUT WAGES BY 25 23 4 CENTS 1 A DAY says wednesdays salt lake tribune wages at the underground mines of the state will be reduced by 25 cents a day on all classes of work effective may according to an announcement made tuesday j under the new schedule on mate basis conditions varying some with the various mines machine men will re belve helpers 4 muckers duckers muc kers timber men 4 25 helpers 4 laborers 3 25 to mechanics 4 to 4 25 low prices of metal made the new schedule necessary A 0 Mach enzle see sec detary of the utah chapter ol of the amerl I 1 carl can mining congress said THINKS HOOKER IS ACTIVE FOR SILI ER president hoover as I 1 gathered it says frank M smith smelter director af of the bunker hill company in a dispatch to the denver mining record hopes to do something to restore silver and thereby by aid all commercial interests mr air smith said senator pittman Is working in n harmony with mr air brownell of the A S ar R on the silver issue they seem to agree that it first is important to induce england to cease selling the silver of the indian government while present silver t prices price are exceedingly low and to induce england to use a higher percentage of silver buver in blitsh coin I 1 SENATOR KING NEW DATA authority whereby the president of the he united states can call an international silver conference exists and has long existed according to a letter by senator william H king of utah to J A barclay president of the salt lake stock exchange in treating of the present silver situation senator king throws a number of interesting sidelights on the question stating that technically speaking the king senate resolution in which the president of the united states Is authorized to call an international conference was not necessary but by challenging attention again to the importance of the silver question and the necessity of restoring silver to its proper place in our monetary system senator king thought more could be gained by introducing and passing lassing a new resolution as was done hanby han than by referring back to the power al ready conferred on the president I 1 As tar far back as march 1897 congress passed a measure which contained the following provision I 1 whenever the president of the ted states shall determine that the uni i ted states should be represented at any j international conference called by the united states or any other country with a view to securing by international agreement a fixity of the relative value between gold and silver as money by means of a common ratio between these 1 metals with free mintage at such ratio 1 be may appoint five or more commissioners sio ners to such international conference bimetallism endorsed before that in 1893 congress had I 1 expressed itself tor for bimetallism when it declared that the policy of the united states stater was to continue the use of both gold and silver as standard money and to coin both gold and silver into money I 1 continued on page pour four I 1 mining matters I tah 1 tah H continued from page one as equal intrinsic and exchangeable value such equality to be secured through international ter agreement or by such safeguards of legislation as will insure the maintenance ot of the baity in value of the coins of the two metals and the equal power or of eve every r y del dollar lar at all times in in the maikels in the payment of debts the I 1 measure referred to says senator ator king further declared that the efforts of th the government should be steadily dire directo dl recto ciji to the estabi establishment ashment of such a sate safe system of bi bimetallism is in as will maintain at all times the equal power of every dollar ca coined ined or issued by the united states in the eakels and 1 in the payment of debts again in march 1900 says senator king congress passed another measure which in effect declared tor for international in bileta bimetallism cism and in favor of securing the same by concurrent action of the leading commercial nations of the world and at a ratio which a shall hall insure permanence permanence of et relative value between gold and silver no na action taken these legislative measures just ref referred e to says senator king clearly irid andl 1 cates that congress favored bimetallism I 1 find and that there should be a relative value be between teen gold god and silver as money by means of a co common in 0 n ratio between these imis two metals it Is to be regretted that since the passage or these measures effective steps step have not been taken to bilz realize the purposes indicated therein I 1 it Is important not only to countries producing silver but to all countries engaged in trade slid and commerce that measures be adopted to avert the disastrous consequences that will inevitably follow a further decline in the price of sliver sil and to secure an international agreement or n oi of an international policy that will the price of silver and obtain tor for it a suitable status in the I 1 monetary systems of the world 1 I believe that students ot of finance and statesmen are awakening to the fact that a tragic mistake was made when gold was waa fastened upon th the world voices are being raised 1 in all norte parts ot of the world in favor of raising silver from its lowly station and according to it an important position in the monetary systems ot of the world writers ot of ability declare that the unsatisfactory economic condition prevailing in all countries of the world Is largely due to the tiza tion of silver and to the unrelenting efforts to fasten the gold standard upon the peoples of the world I 1 the silver question cannot be said to be merely a local or national question but one which affects affect i all peoples it cannot be settled by one country alone but requires the operation cooperation co it if not ot of all countries then ot of the leading com commercial and producing countries ot of the world please assure the members of your yo ru organization that I 1 shall continue my n efforts on behalf of silver results which it if obtained will be of 01 benefit not only to utah and 1 the e united n is states but to all the world western mineral survey april A NEW BIG CUT AT THE THC PARK STANDARD general manager N A dunyon of the park standard Stan daid made a special trip to park city yesterday afternoon and accompanied compa nied by james byrne went immediately med lately over to the property the icausi cause of the special visit was a report from the miners of the cutting wednesday night of a big new fissure in the west crosscut which was started recently from the north drift the miners are greatly elated over this new development which they further reported looked very much like ore mr dunyon also attaches considerable importance to this new find and next week the record hopes I 1 to 0 g give ie 1 encouraging news to the stockholders h old e IS I 1 STOCK SALES FOR WEEK FRIDAY new quincy 10 ac silver king coalition 1000 4 35 park city con 1000 19 and 1 ac park premier 1000 ac park utah SATURDAY park konold 1000 51 ac park premier 1200 EC be park utah silver king coalition 1100 and park ark utah and park city con park nelson so 1 park ark premier ac TUESDAY park premier ac silver king coalition 4 00 and park utah WEDNESDAY park nelson 0 ac park utah 1321 1 2 park king 2500 le lc park premier 1700 a otic 61 1 ac THURSDAY park city con itic silver king coalition park utah 1 30 ORE one SHIPMENTS park utah consolidated park city consolidated silver king coalition 92 total |