| Show I IH H I- I oI I I- I i H 1 11 1 Mining a a Matters 1 zt LL FALSE I Rumors current In Salt Lake last week to the effect that the Park City Con- Con Consolidated Mines company had penetrated the East Crescent fissure on its 1200 foot level and found no ore ore were em- em denied by Gloyd GlOd d M M. Wiles general manager In his denial of or the rumor Mr Wiles said we haven't ent even cven see the 1200 level for two months We only got the new pump working this afternoon and It will willbe be another week or two before the 1200 is dry enough to permit resumption of I work Ork there When that time comes we will still have to do 35 feet of drifting to reach Ch the main vein In the East Cres Cres- I cres-I cent t I Mr Wiles also stated that to Insure I complete drainage he Is s seriously I I I ering starting a new shaft 40 4 feet Stet above e I the 1200 level The change would en- en entail entail I tail tall only feet teet of drifting and the I company would still have feet of backs on the lower level I TO SUSTAIN I SILVER PRICE j j I Senator Key Pittman of Nevada In an I Interview with a 0 United Press staff stat cor- cor correspondent correspondent correspondent respondent and published In the Salt Lake Telegram Tuesday last stated I The president must know that to reduce the price of ot American I silver sUver in the face of greatly enhanced commodity prices and wages of labor would result in the destruction of many of ot our mining Industries throughout the I west and disruption of ot economic condi condl- conditions flans with consequent Increased 1 unemployment J I I I 1 am satisfied that the president will a not reduce the price of American silver I If he has the legal authority to main main- main main-j i rain tain It It the sliver er senator added In a n statement nt written for the United d Press j Pittman said he would present legal I and economic phases of ot the sliver silver ques ques- question question question I tion to President Roosevelt on his wes- wes western western tern trip or If necessary he would go to Washington to confer conter with the th chief ex ex- ex Ho He called upon the mining In- In Industry to prepare and analyze relative facts to aid old In n the presentation I I President Roosevelt knows a great I deal about the production of gold and and I silver sliver as well as their monetary uses I He fully rully realizes that the government can sell all the silver It buys bUs from American producers at an ounce fo 0 dollars and an ounce In the forr forM of or dimes halves and quarters The r sales are made through the payment of ot government debts with silver money and through h selling subsidiary coins to banks Industry and merchants It Is evident to him that so long as ashe ho he circulates s the dollar at Its present value he Is making as much off the the American producer of silver as the pro pro- producer producer ducer l d r makes and he is supplying the country with the best subsidiary j coln-j coin coin- coinage j age In the world STOCKS S AND ANI A METALS n I THURSDAY Howell 1000 Q Ei 1000 a New Park a Q I i Park- Park City Consolidated OO 2000 1300 ClOO Silver King Western 3 00 I 45 c. c I Lead zinc copper 1365 sil sU- silver sUver silver ver ver 44 FRIDAY I Apprehension as to the governments government's silver policy polley further declined the stocks today New Park Q 26 Q 1500 25 c. c New Premier Q New Quincy 1000 Park Tark City Con Q 0 Ste Ste. Park King 1000 lc 3 3 c. c No change In metal prices SATURDAY East Utah 1000 2 c. c New Park 1500 24 0 Q New Quincy lOc Park City Con 1400 Sic Q 32 c 1500 33 c. c c Park Nelson 3 c. c Silver King Western 1100 Metals Metals Lead Lead a 0 pound copper a n pound silver sll no quotation zinc a pound MONDAY Howell 2000 New Premier 2 0 c. c Park City Con 1000 Sic 1000 Q 30 sc c 2100 Q 2000 Silver King Western Metal prices Silver prices Silver lead kents a n Ib lb copper 1365 1305 cents a II Ib lb zinc cents a lt lb TUESDAY Howell 1000 1000 Q New Park Patti Park City Con 29 Vc Sic Park King 2000 j Park Konold Park Premier 2000 lOc Metals unchanged WEDNESDAY A small advancement was made on Salt Lake stock exchange today with the tho volumn light Howell 1000 New Park 26 c. c c New Premier 1000 Park City Con Sic Park King Silver King Western Metal prices remain the same SHIPMENTS IE TS Park Utah Consolidated Silver King Coalition con Park City Consolidated Total I |
