Show 12 A 1 I I qa I 1 el aji pa ca a 4 M madr az I 1 I 1 t t I 1 I 1 1 eail R U I 1 b i 4 1 I 1 2 T MORK BEING DONE 0 ON 4 LAKE FLAT tho the park utah has men at work wor k on property belong belonging eftig to t the he company on lake flat three shifts are arc being worked the property being equipped with an e electric hoist it Is le ie ported that an in n cino 1 has been sunk sixty five feet and flora fiona the bottom of the incline a drift Is 13 being pushed ahead toward the old hawkeye workings the drift has been run tor for over a thousand feet it Is reported with promising showings in the tace face in the early days rich ore was mined at the hawkeye property now owned by the park utah company and it is likely it Is this old ore body that Is now being sought at greater depth by the present owners AT JIM BURNS STAR A record representative stopped at star property owned by J P burns wednesday two men were at work in the tunnel doing development work this Is valuable ground and will come to the front one or of these days it if silver Is ever put where it belongs CHANGE OF FORMATION 4 COMING 1 IN AT THE foreman wm win gay ot of the new park property was in the park the past week and reported vork being pushed ahead in the tunnel ot of the mayflower unit ot of that property A favorable change Is coming in in at the lace face with spots of mina erali zed quartz appearing another loo feet or so should reveal ore bearing bures stabilization OF SILVER SEEN rehabilitation and stabilization of silver Is now receiving considerable consideration ide ration from the treasury experts who aro are now engaged in working out president Roosevel ts monetary program says say I 1 the denver mining record senator thomas declared to press I 1 representatives here that bimetallism would come up before congress first I 1 thing in the pending session and he indicated that senator key pittman will lead the fight tor for silver other supporters of silver indicated that unless president roosevelt uses e senator thomass inflation amend amendment nie nt to the farm relief bill and fixes the gold go I 1 cl content of the dollar and the price pric e of silver on a ratio with gold a new figh aught t will ill be commenced in congress tor for th the 0 gt gi eater cater use of silver as a circuit circulating tog I 1 avva csc vey medium on en a bimetallic basis with gold all stressed the fact that ti alon 0 i i a and n d a an n j inci n c i e eased m ed p price r ic e fo for r sl silver iv e r w will t 1 1 1 Inci c i case a tl the i e t trade r a d be between t w e en t the he U united n i states and china the latin amerl ameri can republics and other silver money nations GOOD NEWS good news Is rite rife mining states of utah nevada idaho colorado and california are on the eve of the greatest mining revival in history the value of gold has been increased 50 per cent and profits of the gold mine more than cent hundreds of the so called mar ginal ganal producers are now in the profit making class and many new profitable producers will be found copper lead and silver are expected expect cd to rise in response to the higher value of gold knowing persons will capitalize on this properties will be opened up men will bo be returned to their jobs and purchasing power restored in many western states mining Is T tho he industry in normal times it provides most of the employment and pays a bulk of the taxes mining Is coming bade back and it may not be long gold mining la is leading the way and the return of copper silver lead mines Is worth looking forward to salt luke irke mineral survey SALT LAKE BROKER TALKS ABOUT NEW QUINCY A suggestion to stockholders of the new hew quincy mining company that action to protect and save their interest in the company against probable foreclosure of property and assets Is contained in a letter sent to to at stockholders caho de 61 by james A hogle am local a br w who 0 was instrumental in efforts to borgan reorganize l the company says wednesdays deseret news the letter follows after several months effort the new directors ot of the new quincy mining alining company found it impossible to avoid a reorganization of the company I 1 employed mr air jensen of the law firm of cheney jensen n and marr at my expense to stra straighten i ahten out the legal difficulties and with his help after two months constant work we secured the consent of all creditors except one e to allow the new directors eun sufficient time ime euclet Let to pay off the debts A I 1 local trust s company demanded immediate payment of their claim which it if allowed would have been discriminating in their favor against the other creditors that creditor finally brought suit and all ot of the other creditors of which weare we are one felt that it would lessen the expense ot of reorganization by taking joint r Z arst a the company eroina md and assets will probably accrue and when this ahls takes place it would seem advisable that hat the stockholders take some action to 0 o protect and save their interests in the he company indebtedness of the new quincy mining company which owns property in the park city mining district amounts to approximately SILVER KING COALITION AGAIN IN il DIVIDEND COLUMN says the be salt it lake tribune of thursday directors of the silver king coalition mines company at a meeting wednesday afternoon declared a dividend of IS cents a share payable october 2nd and on tock of record september at which time the transfer books will close this a distribution amounts to and Is the first since january 2 1931 since that time said vice president W mont ferry after the meeting metal prices have been so far below normal that profits have been impossible and even now with the substantial increase of wages and the shorter working week I 1 the dividend policy of the company cannot be forecast metal prices while somewhat improved are still only 60 per cent of a 25 year average the distribution to be made e october 2nd and Is largely the proceeds of concentrates accumulated over a two year period and recently marketed when the pending dividend Is sent out the silver king coalition an and d its predecessor company will have pa paid d to stockholders a grand total of STOCK SALES AND PRICE OF METALS FOR WEEK FRIDAY silver king coalition took 45 cent jump on exchange today shares selling at 6 35 and park city con 1000 1000 20 the only two stocks called for silver unchanged unchanged 36 lead copper 8 65 TUESDAY after a three days recess tour four park city stocks were traded in at slightly I 1 advanced prices price adek 1 park r city it acon con 1000 I 1 sil silver v er king western a park r k akin premier ra I 1 er 1000 0 byc I 1 S silver ii ver r king n g coalition ED and silver 1 higher lead cop per zinc WEDNESDAY new quincy 2500 0 aa and ac park city con 1100 19 and 20 howell lc C sliver silver oil off 4 cent 38 lead 4 50 copper 8 65 THURSDAY park city con a 19 c stiver silver king western Q silver king coalition gi 56 6 10 siler up again to no chan change ge in other metals SHIPMENTS silver king coalition silver today 36 c |