Show IH I IM M 1 lB I H eI- eI H t. Mining M Matters attars For Week Weel i or 01 I oI d H z 4 I I d H eI i r I H i Jo Io oIe NEW NEIL PARK PAm SPEED SPEEDING ISO OUTPUT 1 Says the Denver Mining Record The Theore ore production ot of the New Park Mining company big new producer In the Park City distrIct Is said to bo o coming along nicely and it is said the company has promised the government te to double Its output within the next five months This means the company will have to sink another shaft and open up addi- addi additional additional levelS The company Is working upon these expansion plans at the pre pre- present present sent time A nice lot ot of more ore has showed up In the work of drIvIng the tunnel west on the Mayflower tunnel level The level The company hopes to open up another ore shoot In this work The New Park lining company will get out its annual report in the near future to contain all the Information the government will wUl allow to be pub pub- The last shipment of ore gave returns ot of ounce gold 1425 ounces silver sUver 09 per cent copper per cent lead and 78 per cent zInc a net value ot of 2723 per ton Four cars netted The output at the present time hi around tons of oC ore a week f New Park sold as low as a snare share last year and had climbed to as the new year opened The stock on last Wednesday sold at and remained near this point on Thursday despite some profit selling With shares shares- ot of Issued stock the stock price and the dividend payments and prospects indi- indi indicate cate that a property has been developed worth MINES WITH SMALL U. LOANS NS After the war It will wUl be interesting to see a recapitulation of the success that has been attained In western mining min min- minIng Ing states In the matter of new metal production for the war effort that re- re resulted resulted from the loans made to tomine tomine mine operators It will be Interesting to find out how many operations were suc- suc successful successful in producing B a worthwhile ore tonnage and how many were failures It Is a laudable experiment but we weIn wein In the west know that all our great mines were developed through individual financing and development and that many ot of the mining properties now being be- be beIng Ing operated with funds from th the U. U S. S Treasury were formerly operated by corporations financed through public subscription Tho federal securIties law stopped financing ot of this new mining develop develop- development development ment companies lost their properties and went out ot of existence causing great financial loss to Shareholders Now no doubt many ot of these potential mInes aro being operated with government funds a plan whereby every taxpayer In the nation has a financial Interest The federal securities law wrecked many an ambitious mining venture and the wiping out of oC these companies re- re reduced reduced the employment field for mining engineers But the government has tak- tak taken taken en up the sla slack so 60 far as engineers are arc I concerned for many of oC them are em- em emI employed I in the examination of properties for which government go loans are sought I Hundreds or of mining engineers are on onI the government payroll to check up I properties and render opinions as to the potential production possIbilities of different properties The government Is I fortunate in III having these western min min- ling lag engineers to do this work for no doubt these engineers are familiar wIth tho history and geological features ot of many prospects under consideration II It Is our belief that the government will Ul become come sick of its Job in our west west- westI I I era metal mining fields and after the I present experiment the development and financing of new mines will be re- re returned returned turned to the men who know this buss buss- ness A small amount of government supervision of development companies I and tho ellmina elimination tion ot of stock schemes where promotion stock was sold would I Insure results result that can hardly be ox- ox under the present small Entail loan policy Denver Denver Mining boning Record I j Last Thursday night the the horse horse- horsepower horsepower power hoIsting motor at the Daly West ned olt operations wm will be property until the I-the the motor can which ts js proving quite a 0 problem with clos closed d' d roads and nd only limited hoIsting ties tics t ri h i PARK PARI CITY STOCKS THURSDAY Six mining Issues were traded on Salt Lake Exchange today with two locals participating ting New Park slipped back t 4 cent selling for 49 Closing at 49 c bid asked Park Utah Closing bid asked On the curb New Park caught up Its s cent cen loss 1055 selling at 50 FRIDAY New Park was one ot of the two mining stocks traded on Exchange todaY still strong at 50 cents and preparing for tor a a. abit bit higher price sold SOc closing SOc bid asked On tho tl 14 curb shar shares s of New Park sold for tor 50 cents SATURDAY Only three mining Issues traded on Salt Salt Lake Exchange with today one local Park City Consolidated Curb sale Park City Consolidated Consolidated- New Park holds steady steady-at at present price SOc bid asked Silver KIng Coalition bId asked MONDAY Nine Issues were traded on SnIt Salt Lake Exchange today IncludIng one local New touched Park its high mark at regular session then dropped I II I back one cent 1000 selling for TUESDAY fax affix mining Issues were traded today wIth one local at Increased prIce New Park SIc Closing at Sic bid asked WEDNESDAY Six issues were traded today with one local being the star performer New Park made another jump up- up selling for Its highest mark mark- bid asked Sm I New Park I Park Utah Utah Consolidated Consolidated Silver King Coalition cons Total I |