Show I 1 a I 1 N div M agh t t rj fe r S 0 91 1 9 ga j 4 lil i 11 kerr KEEP YOUR EYE ON PARK CITY consolidated mr lloyd id wiles general superintendent of the park city consolidated I 1 was in salt lake monday ot of this week ito to make final arrangements lor for the in s stell ta atlon nation ot of pumps lit at that big coming lp propel rop eity ty 1 while in the metropolis mr wiles told the mining man of the deseret news that pumping operations to permit mining of known ore bodies below the I 1 toot foot level ot of the park city con aou would id be TO started by the lath of next month 1 I 1 he further said the work ot of re timbering tho the main from the level to I 1 the ha gool was practically completed and that hat the vater rater column and the power transmission lines are being installed with a view ot of having baring everything in readiness by that date the station on the goo toot foot level will be enlarged to permit installation ot of the pumps arrangements have been made to I 1 connect the markings aar kings in the park city consolidated with the ontario drain tunnel ot of the park utah consolidated i ill mines ines company tor for a water outlet but until U I 1 it I 1 I 1 this connection la is completed the W water ter will be pumped to the surface the connection will be made by drifting southwesterly along the silver fis sure the depth 0 of the north crosscut from the ontario drain tunnel corres ponds with the level of the park city consolidated property 1 I the company Is anxious to begin deep work at this property as developments in n adjoining mines together with indica I 1 eions in its own property lead to the belief that better grade ore will be found below the present workings I 1 ANOTHER inane IN CRElE IN LEAD PRICE MONDAY I 1 new york dispatches monday gave the pleasing report that the price of lead was advanced 62 2 a ton today by the american smelting smelling Sm elting refining company and the st joseph lead company this revision continued the rapid u upswing P swing in the price since may establishes tab lishes the market at the highest level since about a year ago I 1 I 1 american smelting smelling Sm elting quoted 4 35 cents a pound new york while the st joseph I 1 1 lead company named 4 40 cents new i york and 4 20 cents st louis I 1 ANDY n ail TELLS OF 1 THE I HE AMERICAN FLAG I 1 values are increasing with almost every round in the new strike in the old american flag mine at park city bowl now operated by the park city developments development company A L hurley president of thel the company reported saturday the latest assays essays are said to show the ore breaking I 1 from 15 to 45 a ton with values in gold silver lead and zinc the ore Is coming iron from the faces ol of I 1 two short drifts forming an obtuse angle I 1 driven irom from the bottom or of a foot t I 1 sunk on a fissure in weber quartzite from the 1100 foot level the ore Is i said to be almost all sulphide with seams running more than ounces of I 1 sliver silver to the ton I 1 the company has a crew of 22 men at work on its own account and there are almost that many working on leases shipments the past week totaled nearly tons the company owns acres in the I 1 heart of the park city district and holds a lease and option on acres I 1 its is properties are adjoined on the west by sliver silver king coalition on the south by the ontario and on the east by park utah it Is equipped with 1135 foot shaft hoist and hoist house compressor and ore bins I 1 the american flag mine was opened i up in the nineties but the original operators were seriously handicapped by I 1 water this has since been drained by work in adjoining properties and the water level will be lowered still further when park city consolidated begins pumping from its lower levels this summer after 1907 the property was not extensively ten operated until it was taken over by park city development in december 1933 mr air hurley was making good progress in developing on the 1100 foot level when on july 12 1934 the mine buildings were destroyed by tire fire reconstruction compelled suspension of operations in the mine until last october ever since taking charge mr hurley has believed that the better ore bodies in the property are to be found at greater depth than the original operators ever had worked and the new strike below the 1100 foot level appears to be demonstrating the soundness of his theory the company recently applied for listing on the salt lake stock exchange deleire REI ele OF STOCK IN I 1 PARK CITY CON an application by the park city consolidated soli dated mines company for release of shares of cf stock held in escrow tor for officials and directors has been granted by the state securities commission it was announced today by A E gull secretary or of the commission says salt lake telegram the stock was placed in escrow by the directors on august 3 1928 the application was granted when the comm commission assion was assured that the company would not at find it necessary to issue additional treasury stock mr gull said i the following es crowed stock was released jam james H devine shares I 1 porge H dern J J beeson I 1 norman ely bly end and J D stack I 1 COPPER IS 1 FIRM 1 l there Is one encouraging phase to the copper situation stability seems seema to have been obtained in american and foreign markets buying Is holding to a moderately good volume and prices are firm blue eagle electrolytic copper tor for domestic delivery Is folding steadily to h health and trust YOU you or ars J enjoying n good health ivery very sincerely yours MR AND MRS J C PHILLIPS AND FAMILY monrovia california may lay 28 1935 awell I 1 well bless your young hearts mr and mrs J c and hearty bearty congratulations ir 0 on your double anniversaries and may to you u continue on and on in health and happiness lor for many many years to come Is the sincere wish of your many park city friends I 1 IAD DAD the 9 cent level says the file industrial the mining industry la Is not going to heavily under tinder these conditions but if they continue it la Is going to make progress it is 19 said eald that the everige everage ige mine can operate profitably at the current level of prices it if it Is able to keep its opera costs from rising there chere Is a warning in that tor for legislators who might think this a good time to laste ii the mine with new taxes new and new and unfriendly legislation T THE HIE FLAGSTAFF work at this property pio perty Is progressing under the supervision of nten dent despalj Desp aln machinery and supplies were unloaded at the property this week installation of the new machinery viii bill commence at once and when competed feted development win will be pushed forward on a large scale PARK CITY non TO KEETLEY BEING GRAVELED general manager paul IT hunt of the park utah and the park city utah in the record that the road from he star of utah tunnel where the ore rom the park city utah Is being stored or shipment Is being graveled and put n first class condition when shipments rom the latter property will be greatly increased ncr eased the ore bodies are increasing n magnitude so aa development progresses nd the ore being mined Is of high rade at the park utah a considerable force rf men are employed cleaning up the tor for connection with the park city consolidated will soon be completed the wages of the employees of the park city TJ utah tah will ie be advanced 25 cents tomorrow june METALS AND LOCAL stock SALES FRIDAY bar silver vec ja c higher 18 lead touched 4 30 in new york copper 9 00 alc ic 4 30 local sales park city con Parky park premier 1000 0 a SATURDAY bar silver sliver 3 8 1 lower no change in other local sales new quincy ac park city con park premier 1000 G 7 70 c silver ir king iring ing coalition coalition 1500 silver xing king western Nail driver 78 76 bid asked no sales MONDAY bar silver u unchanged nc banged ut at 75 lead touched copper 90 0 zinc local sales bales east utah 2000 0 ac 1 c park city con 45 down to Nail driver 75 67 0 TUESDAY bang went silver today dropping ia cent to 74 taking in its do downward T rd course some of the metal stocks le lead d remained at 4 35 zinc at 4 30 and copier per at 9 00 local sales on S L exchange east utah 5 and ac new quincy 2000 ni 0 ac park city con Q 42 imd and park nelson 1000 a 0 ac Nall driver 70 and park premier 0 ac c WEDNESDAY silver continues to drop and local stocks are doing likewise the cause of this drop Is laid to the decision of the supreme court last monday an may come later but there is no certainty as to the fut future ure the test best we can do Is to wait and hope today silver 31 of a cent lower ae other metals sa same e as tuesday local sales east utah 0 bic c park city con park premier 2000 ac park utah a 0 4 50 silver king lV western estern 0 silver king coalition 10 1400 new quincy 2400 3 and ac SHIPMENTS N park city consolidated park city utah total |