Show w- w Dividends and Organization of and Directors of the Park Utah Mining company and the Park City Mining Smelting company met last laet Saturday Saturday Satur day and declared a dividend of a ashare ashare share on stock first corporation and 12 l a share on the stock of the latter says the Salt Lake Tribune These dividends payable July 2 to tostock tostock stock of record June 15 16 are the third disbursements to be made by the two companies to stockholders since the first of the year rear the first being made January 2 and the second BE cond April 2 2 Park Utah a dividend payer for a little more than a year and ti a half halt by Its disbursement of July 2 will have a 0 grand total of dividends dividends divi dirt amounting to In addition the company's books show cash ash assets as of June 1 1923 aggregating aggregating aggregating ag ag- over The disbursement of the Park City Mining Smelting company on June 2 will aggregate making a 0 total of for this company organized but a year ago However prop properties held by the company have been heavy disbursers over a lon long period of years so BO that the corporation corporation corpor corpor- corporation really has a 0 record of divi divi- dividends dividends exceeding The first 1923 dividend of the Park City Mining Smelting company company company com com- pany paid January 2 was at the rate of lOc a share The next quarter the rate was advanced to 12 l 1 On June 1 cash assets of the company were in excess of All AH of the Park Utah 1923 and the thelast thelast thelast last two of the 1922 dividends have been at the rate of a share Directors of the companies also held an election of officers George W. W Lambourne was reelected president president dent and treasurer of both the Park Utah and the Park City Mining Smelting company Moylan C. C Fox D D. D C. C Murphy and V. W. A. A Dunn were respectively reelected reelected reelected re- re elected vice rice president secretary and assistant treasurer and assistant secretary secretary sec sec- of both companies O. O N. N Friendly was reelected general general general gen gen- eral manager of the Park City Mining Min Min- ing Smelting compa company y and George S. S Krueger superintendent superintend it t. t Paul H. H Hunt who has been superintendent s superintendent of the Park Utah Mining company since its organization was elected genera 1 manager of the organization P p. p 5 t a t Now General k ie i.- i. iM M f or Purk Utah What Vh Wh t eme as a surprise to many F Prk rk 3 3 s was the election of Paul PaulL 1 L i a c as general manager of the Park luah ah Mining l company at a meeting of the directors of the company held In Salt Lake City last Saturday Mr Hunt succeeds Mr Ceo Geo D D. Blood the daddy as as it were of oC the great Park Utah producer and one of the most capable geologists and best- best known mining men in this western country try Mr Hunt has been en superintendent of the Park Parit Utah since the Inception of the company compan and is as capable a mining man Inan and all round good fellow fellow fellow fel fel- fel- fel low as will be found in the mining field of the west and tl at he will fill All his new position with ability and absolute satisfaction is beyond doubt and it is a certainty this great producer producer producer pro pro- ducer will not suffer in the least because because because be be- cause of Mr Hunts Hunt's promotion Congratulations Congratulations Congratulations Con Con- are extended are extended the gentleman gentleman gentleman gentle gentle- man by The Record A successor of Mr Hunt as superintendent superintendent superintendent super super- of the property has not yet been named New Mill Contemplated Contemplated- Work on Spur to Begin From prom General Manager Paul Hunt The Record learns that Union Pacific engineers are on oa the ground and doIng doing doing do do- ing preliminary work for the spur to be built from th the main Park City line to the mine It is la announced that construction work will com com- commence mence within th next two weeks and by July 1st steam lI shovels shovel will willbe willbe willbe be making the the fly for track laying and next fall trains will be moving the tha ore to market from this marvelous Park City producer Conditions In the mine amore are de de- gratifying with the many big ore tire shoots increasing In magnitude ever every working day i thel I Work is being prosecuted on the incline raise to get under the old old Hawkeye shaft a distance of feet A raise will then be bo made to connect with the Hawkeye shaft which will give perfect ventilation to lower workings of the ble producer er be besides ldes draining all of the old upper workings of the Hawkeye property property pro pro- ro- ro perty of all troublesome water thus facilitating Immensely the work ork of development in this rich territory Connections will be made with the shaft hart this summer With this connection made the present incline raise from the main workings to the Hawkeye shaft willbe will willbe willbe be made a three-compartment three in incline incline in- in cline one to be used for workman only one for material etc and one for the air pipe and skip which will lower the ore to the tle tunnel level An electric hoist will be Installed at a depth of feet from the collar of the present Hawkeye shaft and fifty feet teet below the bottom thereof This work is Js being done for the purpose of extensive development which will open up a 0 large area of virgin territory owned by the Park Utah and great will be the riches thereof Wednesday of ot this week Superintendent Superintendent Superintendent J. J T TM Ellsworth of the Judge Smelter went to Silver City Eureka District to make a test run on a ton lot of second-class second Park Utah ore Should this test run prove satisfactory and there is practically no doubt that it will a suitable mill will be erected by bv the Park Utah which will not only concentrate the second-class second ore but reduce the product product product pro pro- duct to bullion lIkely bullion likely a similar process process process pro pro- cess of the Marsac mill operated informer In tn Informer former days In Park City when George D D. D Blood was In charge and made possible the wonderful results results results re re- re- re at that time The Record reiterates reiterates great great Is the future of the Park Utah in particular par par particular and Park City In general Ore Shipments P P. P C. C M M. S. S Co Park Utah King Coalition Ontario r f f c Keystone Keystone V Total 0 |