Show l Fl H 14 i-i i I IH H ii iiI I I I I I I MiS MiSH H H 1 I ili-H ili 11 I j i I I M- M iM Mining Matters it SPHINX X LISTED WITH STATE SECURITIES COMMISSION I The stock of or the Sphinx Mining com corn company company pany has recently been registered with the Utah State Securities Commission and plans are being made to sell shares of or stock at ten cents per share Under the proposed arrangement ment the stock will be sold on a monthly payment pa ment plan under which the subscribers can pay at the rate of or 10 per cent per month and no money will be collected until at least has been pledged Thus the subscribers will be assured that the plan Is 15 going over before they put up any actual cash It is proposed to open the tunnel which has not operated since 1930 and andIs Is caved In several places and sink a about 2000 feet teet from the portal There Is la a strong showing of ot mineral mIneral- at this point consisting of or vein quartz and Iron and manganese oxides slightly copper The tion thou shows strong leaching by surface waters and Is 15 similar to the leached zones zon directly over large ore bodies In several of or the Park City mines At the point selected for sinking the i tunnel Is feet teet below the surface It ItIs ItIs ItIs Is the experience nce of or other Park City mines on similar large fault tault veins that leaching often extends down to a depth of ot feet teet below the surface and It is anticipated that It will be necessary ne to sink about feet teet before commercial ore can be expected Plans are being made ma e for tor a selling campaign after the holidays hoUdas and work will start In the tunnel as soon there there- thereafter thereafter thereafter after as money Is available STILL FIGHTING TOR SILVER SILER S 1 It Operators of or mines mills and smelters In Utah met today at the State Capitol CapitolIn In the House of ot Representatives cs with of officials of- of officIals officials and members of ot the International Union of ot Mines Mills and Smelter Work Work- Workers ers District 2 to discuss a labor contract for tor 1938 I Because of or the of ot our negotiations said Chairman W W. M M. Kerr of the State Industrial Commission who presided neither side wishes to make any announcement except that I have been wholly harmonious and satisfactory Both sides are display display- displayIng displaying I Ing a high degree of ot cooperation Pending completion of or negotiations and the acceptance of or a satisfactory con con- contract contract tract for tor 1938 operation of or mines mills con I and smelters will continue Both sides will reconvene at the Capi Capi- Capitol Capitol Capitol tol In the chamber of at the House of Re Re- Representatives Representatives at 10 a. a m. m Monday Janu Janu- January January January ary 3rd W. W Mont Ferry managing director of or orthe the Silver SIl King Coalition Mines com corn company pany pan was the spokesman for tor the em em- plo ers Ed Eckman Midvale chairman of or the negotiating committee was the spokesman for tor the es Representatives Representatives es of or mine mill and smelter opera opera- operations operatIons operations at Park City Tintic Midvale Bingham Murray Murra Garfield Bauer Lark Tooele were present Deseret Deseret News I TIlE THE NEW PARK p. I There are no leasers at the New Park property Tho The company Is doing all de de- development deI de- development I work and a force torce of or thirty men arc employed Reports from the I I property today are to the thc effect that j new ore fissures has been cut the past week and conditions generally ing I II I I lI II t J IIII I- I II I II J M It 1111 i i t M. M SHAPE SHAFT DOWN FEET Tho new Silver King Coalition three- three compartment shaft at the head of or canyon has reached a depth of ot feet t t. t A station Is being cut on the level le and sad work progressing rapidly The formation Is reported to be in up broken shale METALS LS AND LOCAL LOC STOCKS THURSDAY Metals Metals bar bar silver lead copper zinc Local sales little sates little more activity In local stocks today with little change In prices I New Park 16 Park City Con 1000 Park Nelson 4 Park Premier FRIDAY I Metals unchanged Local stocks practically Ignored on Salt S lt Lake Stock Exchange Only eleven stocks were traded In to- to toty ty Park City having only one of or that number Park number Park Premier Premier lOGO 1000 selling It MONDAY Metal MetalS after a two day holiday Bar silver sliver 41 lead copper zinc Local stocks Three Issues traded In New Park 2000 Park Konold 1000 Silver King Western TUESDAY Y Metals unchanged Local stocks a bit off with ort with only three Issues changing hands New Quincy 1000 a 8 c. c fr Park City Con 1000 j 27 26 4 c. c New Park bid asked No sales fI Lowell t 1000 2 e. e WEDNESDAY Y I Metals continue unchanged Local stocks still asleep aslee only asleep only one Is Issue is- is issue issue sue traded In and that one lower than yesterday Park City Con 27 1300 26 26 SHIPMENTS IE TS Park Utah Consolidated Park City Consolidated Silver King Coalition con I New Park f Total I |