Show ha M im I 1 tt mining M ining matters j s 3 ma am HERE LOOKING AFTER HIS 1119 INTERESTS wm win H burns nephew 0 of the late james P burns arrived from his scranton Penn pennsylvania sylvana home last saturday and d spent the week familiarizing himself with his late uncles mining and other interests in this city and district mr burns was designated as sole heir of his late uncles estate the principle mining interests of the estate Is the star group comprising 12 patented claims now a part of the new park holdings which since the recent strike made in the I 1 park city utah holdings adjacent to the value star group makes the latter of great it Is mr burns first visit to park city arid and he Is much impressed with the city and its people he intends to move his family and locate in this community so he can keep in touch with mining conditions generally and hla his own interests in particular mr burns Is of a pleasing personality and Is certain to make friends until recently the gentleman was waa engaged in the newspaper game and enjoys the work HOW THE NEW PARK PEOPLE FELL FEEL ABOUT TILE THE RECENT ORE FIND the following Is a circular letter sent out but to the stockholders ot of the new park mining company which at least should give reasonable hope of future developments and profitable results ore containing ounces gold 9 ba 8 ounces silver 35 8 per cent lead and per cent zinc has been discovered by tho the park city utah company near the boundary lines of new park mining companas comp anys property hundreds of tons of ore upon which the new park company receives a royalty are being mined and piled on the dump at the portal of the star of utah tunnel the new ore body has been drifted on tor for fifty feet and Is estimated to be over twenty five feet in width the deposit may not all run as high as the assay taken by us indicates however we feel sate safe in saying that it will average fifty to seventy five dollars per ton with the principal values in gold aln since c e the new park mining company owns the largest section of this gold silver lead producing fori formation nation in this part of the park city district this large new strike of rich gold ore made in the wasatch lime proves a very large area of new park ground it establishes it as a rich potential gold producing property and assures new park company of success i 1 the newly discovered ore occurs in the same bame fissure in which we opened ore early this spring now that we know from actual developments where to do the work as large ore bodies and equally as rich should undoubtedly soon be opened in the new park companas comp anys ground along the extension of the wasatch fissure in which the big strike was made we are pushing the work with three shifts in the mayflower tunnel where we expect to strike the same character ol of ore any day and are arranging to put a crew of men to w work ork in the face of the star of utah tunnel el to crosscut the wasatch and star of utah fissures where other ore bodies similar to the new discovery should be found in our property AT THE MAYFLOWER TUNNEL word received this week from superintendent wm gay Is to the eff effect act that work Is progressing favorably and splendid progress being made toward the objective A favorable change Is coming in the face of the tunnel and the management Is expecting good news before long AND STOCKS FOR FOB WEEK FRIDAY bar silver dropped of a cent today to 49 no change in other metals local stocks showed greater activity and better prices sliver silver king western 48 and Nall drIver park city con 30 and SATURDAY bar silver tell fell off another Is of a cent today to the other metals remained stationery sales for day were new quincy 1000 la i park city con 32 and park premier ac MONDAY bar silver V Y of a cent higher wjk no change in other metals only two local stocks traded in on salt lake exchange silver king coalition 50 1125 new quincy ac 50 cents bid tor for sliver silver king western 60 celts belts asked 30 cents bid tor for nall nail driver 40 cents asked TUESDAY metal prices same as monday and only one local transaction on salt lake exchange 1000 of east utah ac WEDNESDAY silver lead copper and zinc same price as tuesday two local stocks traded in on exchange sliver silver king coalition 50 1100 park city con 1000 sic 50 cents bid tor for silver king western 60 cents asked 30 cents offered for nall nail driver 40 cents asked no sales in either i case THURSDAY no change in price of metals the same two stocks changed hands as on wednesday silver king coalition advanced to 1125 tor for shares park city con 1000 2 and SIC east utah 1000 SC SHIPMENTS park city consolidated sliver silver king coalition park city development total |