Show j mining matters t 1 l tew QUINCY reorganization of the new quincy mining company has not been completed and the new directors have not yet taken their oaths ol of office it was reported I 1 today it Is un understood erswood that all major points in the reorganization have been agreed upon and the transaction la Is ex pecked to be completed within a few days I 1 I 1 in a t the h e r meantime n e an t 1 m e n no 0 offices tor for the 0 company o m pa n y h have a v e b been e e n se selected le acted as the officers have not been named assessment WORK FOR 1933 STILL any action toward suspending assessment m e n w work 0 r k 0 on n m mining claims s for t the h e tel for p period e r lo 10 fi horn 0 m J july u ly 1 1932 to july y 1 19 1933 3 3 will have to be taken by the present presen tl congress at the last session the bill to suspend assessment work on mining claims was lost in conference A similar measure will be introduced in the present session and some action will be tak taken a n be before I 1 ore the first of july although th the borah bill walling waiving the requirement of assessment work on mining claims tor for the current year passed both houses ot of congress it was defeated because of disagreement between the senate and house over the senate amendment which would exempt from the benefits of the bill any claim owner who pays federal income tax this Y year ear house conferees flatly refused to accept the bin bill while that list remained senate conferees would not favor the bill it that provision was stricken out all conferees expressed doubt whether any agreement could be reached PARK CITY CON BEEN A GREAT CHEAT HELP FOR PARK CITY A correspondent writing about the park city consolidated says though the price nf silver did not let the park city consolidated mines company make much money tor for itself in 1932 it enabled the company to put more than one hundred thousand dollars into circulation at park city and elsewhere in the state A good deal of this money went to mine labor some to railway men some to power companies some to supply dealers and a considerable amount to smelter employed emp loyes on its own account the consolidated kept 40 to 60 50 men at work full time on a two shift basis from march to the end of the year the reopening opening re of the mine in march ended an eleven months suspension between march and december 1932 tons were mined this tonnage con contained ounces of gold or 0 of an ounce to the ton and ounces bunc a s of silver or ounces per ton gross smelter returns were there was a 0 deduction of tor for freight and miscellaneous charges and of tor for royalties which applied on the purchase of property leaving a net return of applicable to mining expense BACK FROM GOLD PROPERTY frank hanson alke oconnor OCon norand and eric joffs who have ban working at the marysvale Marys vale gold mining property arrived home last evening and are quite enthused over present conditions this property Is controlled by park city people and during the three weeks I 1 that the f tour our park city men have been I 1 operating a fifty loot foot cave has been cleaned up and work Is now being prosecuted on a strong four foot bissu fissure re and different assays essays of vein matter taken there show gold values of 0 1150 11 50 arid and 47 00 the formation is ie ander site on the hanging wall and on the which Is the same formations that made the great gold camps ol of goldfield and cripple creek famous producing many millions in gold the marys valo vale property Is nine miles from marys vale and located between the annie laura and wedge gold properties the latter property uncovering gold ore running as high of 90 00 to the pound and both properties producing millions of wealth the marysvale Marys vale property Is almost un accessible access ible and that Is one reason n why it has proved difficult to get men man to develop same mr hansen thinks it is going to prove one of the biggest gold milling propositions in the state and Is certain of making it a big paying proposition for the park city company the men are and provisions the company win will hold a meeting tonight and hansen joffs and oconnor intend to return to t the he property sunday STOCK SALES FOR MEEK FRIDAY new quincy 2000 ac park city con 0 8 ac C silver king coalition and silver t lower 28 lead copper SATURDAY new quincy 1000 ac park city an con ai 81 end and 81 8 4 park utah 81 25 and sliver silver king coal coalition sa 02 V and 1200 sa 00 silver down ic 27 lead cop per par 4 65 MONDAY park city con 1300 p ac park utah 1 25 sliver silver king coalition 2 95 silver 2731 lead 3 35 CO copper P air BAO S 40 TUESDAY sliver king coalition and new quincy 6 ac park city con 2000 71 C silver steady at 27 lead copper capper 5 40 WEDNESDAY sit allier er king coalition 1200 g 2 80 park city con 1600 1500 a 3 8 I 1 park utah to sliver silver dropped ili to 27 i 1 lead copper 5 40 THURSDAY new quincy 1900 2 and so sliver silver king coalition g 2 85 fark city con 90 0 1 ac sliver silver 5 1 cent hi higher gher 27 lead 3 35 copper 5 40 silver king coalition ill V |