Show P Mitt I Over Orel- M the Bast Fket ut Utah tab l seven T Q meD men are driving ahe ahead d the work ot of I opening up the olet tunnel In la order to o penetrate the Harwood round ground where bra ore ara ie expected expect ed to be cut teut at considerable considerable- depth Three hundred and feet leet h have hare e been bee made made mad toward the Objective po point nt since the first of the year yawn and and it Is Is thought t by the manag management men t that the last laet ot of the bad baC caves have haTe been lD the long abandoned tunnel fJ In In which hl work ia a bel T pros I REGARDING THE TUB SILVER KING KING IINO CONSOLIDATED TED The annual meeting c of l the Silver King Consolidated Mining company of ot Utah for tor the election ot of officers and nd directors and aDd transaction ot of other other oth oth- er business will wUl be held February 24 U. U at 3 p p. p m. m There has Ja been beeR a creat great Improvement Improve ImproTe- ment within month In IR ca' ca cal l In Inthe the mine Confidence eona- eona deuce dence of ot officials of the company that the th ext campaign of ot development development de- de being carried carrid on will meet with success e Is fa absolute according to Secretary O. O W W. Browning in to his hi report report re reo re- re port to Condensed 4 financial statement of the I company as December December In 81 S1 1922 11 follows folio Assets Maeta cash j 1 machinery and equipment depreciated depreciated value mine prop property erty actual cost coet Total J Liabilities Acc payable and nd other othe r note payable notes payable Total 3 stock of ol and ad treasury totaling the gives the company company's a a net surplus of 08 fr o. o Total receipts from Noe 10 tog o 15 9 Indebtedness In In- SlI of of reduced plus lus Interest of 1 f- f C. C balance of operations and all expenditures expenditures' ex ex- i for Tot t one twenty months months' aggregating ag ag- gave the com com- CO company I pany cash balance December 31 of Average cost of ot mine operations operations' and all overhead was P t month i ASSESSES i r Kobb robb arid and his lits his worker co-worker FJ l l came ov over r from the Wa- Wa t. t l the first of the wt we and ii and because of a a minor acct acct- tut to Mr 1 Robb and the exceedingly exceed exceed- deep snows snows' snows snow in that locality It was decided to suspend work for the for the st remainder of ot this month Mr Rob reports rep ore showings L In the face of ilie drift being run 9 ria 1 and he is ch cheerfully certain that an as anore anore ore body of no no o small dimension dimension- Is almost within hailing bailing distance A meeting of ot the directors of this company was held last TUf Tuesday day the and an assessment of five mills per share levied on the capital to stock k pay payable ble Immediately to Secretary Secretary Secretary Sec Sec- H. H S. S Townsend and delinquent delin delin- delinquent quent day is the of March next nut Sales day Is set for the day ot of March larch With the proceeds of this as aB assessment as- as the management feels confident confident con con- Ment that this east side property will be put on a paying self basi basis TilE THE QUEEN ESTHER Work Is fe going steadily forward with ever encouraging indications over at the Queen Esther property at the head of 01 Deer Valley Two shifts are engaged in getting We Ilie I shaft haft to the objective point The first of this thia week at a depth of about feet feet a bedding was waa waSt cut sho n a of ore carrying i values and alu 8 and Manager Hansen decided to drift on this bedding and looks looka for tor favorable results re reo suits aults In in the near Dear future The nhe work of sinking the shaft will go on on however how bow ever over with the regular force The contact Is Js expected to be cut at a depth of to teet feet and it ia is then that ore bodies of commercial values value are practically certain to be uncovered in the opinion of those In charge who have I studied and are familiar with 1 J geological conditions condition of that eec lIec sec sec-j tion The Queen Esther is III considered consider consider- ed one one of ot the most promising pros pro prospects pacts In this district and hI 1 the present present pre pre pre- sent lent development of the property real mining Is being prosecuted COLD OLD TO TilE THE VERDUN N Notwithstanding th the bitter cu Curd tul lr the seep now and au j 1 toe tae hard Dr D. D Sheen anti ami J. J 1 L. L I braved the thu and aud went over OVI the mountains to the Verdun lat ladt Saturday to note how work was progressing pro gressing at that thai promising property now beug beng be ug developed by the thrifty thirty The he trip a bit too strenuous for tor the Doctor it resulting lu iu three days at al home howe for tor him him him- but to a Record reporter he nud md lIa d the trip was wa worth it It The gentlemen gentle men found nothing particularly newIn newin new now in the tunnel the two miners there employed confidently driving away with might and main for tor the objective objective tive point the point the contact which contact which Is La estimated es es- at about reef feel distant The face tace ot of the tunnel continues 4 r mineralize and the a 1 TUm jUl am of 01 the two miners as aa well as hose bose contributing monthly for the good work they are aro doing u is more pronounced that ever ever all all certain that bat before the coming summer summer I I la Ie at Its It height the Verdun will beIn be bein beIn in the producing class alas An average of et two feet a day la Is baffle made mad ia IR the tunnel clad tunnel tUnnel- and nd every day In every wa way cosy the face thereof looks look better a and nd better etter AT Ar SPHINX Mr Gu Guy R R. McKay was over f from the Sphinx property Wednes day The gentleman had bad nothing p particularly new ne to giro Lo out regardIng regard regard- J Inc Ing ug the the property further farther than that its ds being co ed In the up broken b recently en ean en countered in the tun tunnel Del The sari series of pot holes holes' being followed down is a very unusual C condition for this district but where whets found in other mining Jt ft invariably leads lead to ore and Mr e of 01 the spin opinIon opinion I ion on that when th the tom om is fa reached reached reach reach- ed ore will wUl result The Sphinx hold hold- ings Inge are on an a direct line lne tae with th the wonderful Park Utah Utah Uta holdings alt with h I Ithe the same conditions existing when I Ithe the latter w. w was waa prospecting for lor ore are and nd the Sphinx ta on a small smaller tile scale perhaps going through th thame the s same me delays delan aD and sam um t manta ment experienced by the e Park Jark Utah tah with every reason that w with ith the pe en teat eAd A intelligent prospecting a that is is' ado w being beine fOllowed followed fol fOl- lowed by Mr McKay the same or ort ore e t results win cola eventually prevail i ithe in inthe a the the- Sphinx aa u Itt in the now DOW fame famous W Part Park Utah CROSSCUTS a v Former Superintendent dent Forrest Forree I Mathes Mathea of ot the Sliver Silver King Coalition left Sunday last for tor Salt Lake where he In future will reside and follow his profession as mining engineer Mr Mathes Mathea has haa for several years been superintendent of the King Coalition his ten services Ices always proving valuable and profitable to the big company The Tb gentleman lea leaves th the com company pant with the goof goor oot will of the man management cement and the well weir wishes of his hie hieman man many friends for lor unlimited luc success In his hi new line ot of wok follow him to his new field of ot labor President R R. T. T Kimball of 01 tho the East Utah waa was a passenger tor tor Salt Lake yesterday afternoon on mining and other business balnes S Superintendent McCree ot of the Patk Park Paik Dingham Informed The Record this morning that satisfactory pro progress gress gross was being made in the tunnel With conditions as a. favorable as ever John T. T Ellsworth and W. W S. S Macfarlane Macfarlane Mac- Mac farlane both loth big men of the Park City Mining and Smelting company returned from Salt Lake the first of elthe f the the week where they had Journeyed to to remain over bust Sunday Sl Superintendent Andy Hurley of 01 the Keystone and New Quincy was wa a passenger pas pea for Salt Lake yesterday af at- He reported both prop properties aa as showing up well with well with the Key Key- atone tone already among the regular producers pro pro- and the New Quincy 1 soon lOOn tobe to tobe tobe be in that class with the Keystone Kentone mill behaving splendidly and nd grinding grind grind- tag lug our concentrates steadily I SHIPMENTS Park Utah P P. P C. C M. M t fc 8 8 81 Co King KID Coal Coalition Won Ontario ti Keystone Total |