Show interesting in te resting mining 1 notes for week lardy TO START WORK ON AT THE MILY FLOWER word from the mayflower mine today Is to the effect that everything Is in its readiness to start work on the ore bearing fissure uncovered last week it was vas necessary to continue the main tunnel some s 0 m a seventy leet feet before any work could b be e started t a arted on the new find and superintendent ten clent gay reports that all switches tracks etc have been put into place place and work will be pushed on the fissure as well as the main heading the fissure Is a cast west fissure and has a small showing of lead ore in it at the place of discovery mr gay Is in hopes that with I 1 I 1 development it will prove to be one of the known fissures that will lead to a big commercial ore body NO NEWS STAR or OF UTAH atall THIS WEEK superintendent john D 1 fisher Is in salt lake tor for a few days and nothing could be learned of present conditions as at ahead the star of utah work lg Is going ste steadily cilly ahead however ENTHUSED OVER PARK CITY mike malone a well known and prominent locomotive engineer of the union pacific system since 1887 motored from arora his bis home city in idaho last week and was a visitor in park city saturday mr malone Is a heavy stockholder in the star of utah and the mayflower properties and it was cheering to listen to his optimistic ti opinion of these two properties in 1 n particular pa r alc tlc u 1 a r and an d the th e future f u t ur e of 0 f park P a r k C city ity i in n g general e n e r al T the ho g gentleman en 1 e m a n d declares ec la r e s 1 park city Is the banner mining district i in the great west and expects to receive glowing reports from its prospects and producers during the coming year mike alike is a genial all round good tellow and optimism Is his middle name a I 1 EXPERTS C EXPRESS HOPES silvers reaction from its high figure for the year of a week ago cents Is believed b to be but a temporary halt in an upward movement of the white metal according to new york authorities A recent edition of the wall street ICO journal sta states t es that samuel montagu co of 0 london expressed the belief ef th that 0 t ithe advance might prove to have over ove r strained the market and that some temporary reaction might he be expected A new york authority stated that the too prolonged advance was neither healthy or desirable one of the causes of the reaction Is said to be the view held by most washington observers that president hoover Is s not inclined to undue haste on the matter of the pittman resolution calling tor for an international conference to study the 8 sliver liver situation I 1 I 1 conference believed Bel leven to be in distance most host observers believe president hoover Is inclined to take several months before making his decision on the advisability vis ability ot of the conference the wall street journal states it Is understood that administration officials are not overly optimistic concerning the success of such negotiations and informal I 1 ad vices indicate the same feeling among british officials however that this phase of the matter has very little to do with the basic reasons for the present silver situation the present restricted supply the better demand that Is expected from china in the not too dis distance future and the increased business in india due to the gandhi imin truce give the market a much better tone than has been the case for several months authorities do not look tor for any startling rise in price but according to the wall street journal ore are inclined to agree with sir george schuster who stated in a recent budget speech that the more I 1 study the matter the more convinced I 1 am that the fall of silver Is part of a wider movement and the more inore d doubtful I 1 become whether silver can be dealt with successfully in isolation silver brokers however believe at the m moment that world conditions give signs of improvement and with this there will be an appreciation in the price of silver silve ve r rise conditions remain same fundamental conditions that led to the recent rise are said to be unchanged offerings continue on a restricted scale and american circles are again awaiting the monthly report of the american bureau of metal statistics with much interest to see the effect of upon production from the supplies available to the market it appears as though considerable curtailment has isaken j taken place of late which may not be fully shown in the report for february I 1 the question has been raised as to whether or not the producers are withholding dally daily production from the market in anticipation of higher prices but authorities state that that I 1 Is not the practice tice of mining companies the metal being sold as it Is produced however the opinion has bas been expressed that in some cases lately silver has been shipped direct to either london or the tar far east tor for disposal in these markets without first having gone through the local market as Is customary that would contribute to the scarcity of spot silver in new york DO AS PARY PARK CITY IS DOING says ays vern 0 earll banker of idaho springs colorado in the denver mining record let every man and woman in colorado use silver dollars instead of one and two dollar bills it is urged that every business house in every town and city in colorado pay out silver dollars only when you receive paper one and two dollar currency turn it in to the banks tor for silver what we need and what we are working tor for is to reestablish establish re the price of silver cause an international conference on the subject and bring about prosperity is public sentiment will you help certainly no man or woman living in this great state should even think of using paper currency the banks will operate cooperate co so lots lets prove that we are a mining community and that colorado Is a mining 6 tate state partners who most want increased prices for their products can best get is through the use of silver thereby reviving metal mining for after alt all mr farmer we produce nothing we consume we are your market why not aid us in putting thousands of men to work in the mines thereby increasing a demand tor for the products and an increase price tor for you one and two dollar paper bills are carriers of disease and are highly unsanitary some have advocated a request be made upon the federal government to discontinue the in making aling or of one and two dollar paper bills these are days of efficiency fici ency and economy perhaps you did not know that it costs the government continued on ange five alvel I 1 amm A ia M ax 1 i i I M ja M i mining on matters flatters j continued from page one more money to print one and two dol lar bills and keep them in circulation than it does for all the res rest t 0 of f our currency heie is an opportunity for far the trea tre i sury bury department to practice a little economy use silver demand silver bibring bring back bach prosperity A BO ast 1st ron FOB MOORES BOOKLET the excellent mining booklet clet building an independent income with certainty descriptive of mining in general and operations around the great park city mineral district in particular must have been written by an authority on th this g great rest industry charles moore who h heads adl a the star of utah and may I 1 flower mines two large development develop ment projects in the park city utah mineral belt must have written this instructive 1 booklet as he Is one of 0 the few western mining men with the experience and knowledge to set down such important facts the booklet has just been issued by the mayflower corporation and a copy of the same should be in the hands of every In investor interested in western mining development charles moore has his office at park city utah and Is a successful pioneer mining operator of the west denver mining record march 18 19 TWO FEET OF AT PARK CITY CON last weeks issue of western mineral ml cral sarv y rays what appears to be another shoot of silver ore Is being opened up in tha park city consolidated property prop propel eity ty in east park city on the level feet east of the juncture of the silver and the roosevelt vein sunday night ahen general manager J J beeson bee son was at the property two feet of ore was showing in ill the east cast drift that assayed 33 30 ounces of silver to the ton main production is 11 coming from the silver vein from the 1000 level up to the and above the from the shoot struck at tile the crossing of the silver and the ro revelt veins it is here that some of the best ore in the mine Is exposed running from five to 20 teet feet wide 0 on the the Is 20 feet wide vl d a tie the I 1 west end assayed on sunday according to beesons bensons Be esons samples 31 ounces sliver silver arid and a grab sample of the muck from 60 mine cars 2378 ounces sliver silver to the ton shout shoot feet long the silver vela vein is the fissure in the company has done its main development during recent months proving an ore shoot over feet long the development in ill the roosevelt vein Is considered the most important in recent weeks since it opens up a new territory that has even greater possibilities than the silver vein per par J 0 over ver feet the raise has been extend extended d I 1 e in a conti continuous n u ore on the level the ore shoot lias has a length of over feet fee t and gives indication of continuing to a greater Is distance by following both this northeast vein the and mana management southwest sOuth gemen westi 1 confident that other ore shoots will be j explore new ared are i on the level the company is crow cross suiting cutting south to open up 8 number of 0 highly promising fissures showing on the surface the formation being followed Is the janney quartzite in the park city limestone which Is the market for the sliver silver king limestone so productive sa in the daly west the judge the silver king coalition and recently in the new mew quincy in places the development has exposed bodies of manganese ore are in the limestone but as yet no commercial commercials ore the company this week mailed its report to stockholders tor for the year giving complete data on costs monthly am assay values ore production mine development and future plans development expense for the year 1930 amounted to 69 which was as reduced by net ore values of 59 end and other receipts to a net development expense of 01 STOCK SALES FOR WEEK FRIDAY park premier 2000 0 loc sliver silver king coalition 0 5 05 and new quincy ac SATURDAY new quincy an 0 ac park city con 1000 a park premier 2200 rh la 9 91 and loc IN park utah sl ba and 91 1 87 anew new quincy 80 0 MONDAY a 21 2 i ic c 1 park city con 2000 pi b park premier pi m 03 oc c park utah a C and silver king coalition 0 95 OS park konold conold 7 and 71 ac A c TUESDAY park city con 1600 a 0 2512 25 slid and park ronold q C 61 6 i 1 and ac C silver king coalition 45 85 5 05 and WEDNESDAY park city con 1411 lit a S and ac park nelson a c ac park premier ac silver king coalition q 65 5 05 new quincy 1900 21 1 c park konold ac THURSDAY park city con 1000 isi a park premier 1200 ft ac silver king coalition 12 I 1 Q 1111 5 and ORE SHIPMENTS park utah consolidated silver king coalition bpark park city consolidated total I 1 |