Show Park Utah and P. P PC C C. M. M S. S Co Declare Dividends Great Aro Are Park r City Mines fines Tuesday was a significant day Y for two S Summit I county mining c companies compan compan- ies the les-the the Park Utah and the Park City rU Mining Smelting company Regular quarterly dividends were declared by both the dividend rate of the latter company Increased from 12 2 1 to 15 cents and announce ment went made n le by bY President George George W. W Lambourne that thai the production of ot the two silver sliver bonanzas will be appreciably appreciably appreciably ap ap- increased says Wednesdays Wednesday's Wednesdays Wednesday's Wednesdays Wednesday's Wednes Wednes- days day's Salt Lake Tribune The dividend of ot the Park Utah will be 16 15 cents a share or a total of ot payable January 2 to stockholders stockholders' of record December 8 8 bringing up total disbursements of the company to Decision of directors of the Park City Mining Smelting company to pay 15 16 cents a share on January 2 to stockholders of ot record December 8 will Increase the total quarterly disbursement of the corporation to as compared with for the fourth quarter of this year and give mines of the comp company company com com- p pany pany ny a record of having paid a grand total of dividends amounting to 11 I Financial conditions of both companies companies companies com com- is excellent As of ot November 1 1 the balances sheet for the Park- Park Utah company according to President President President dent Lambourne shows a balance of and that of the Park City Mining Alining Smelting company JOO Remarkable Continuance of its regular quarterly quarterly quarterly terly disbursements by Park Utah on the one hand band and increase of the dividend rate by Park City Mining Smelting are all the themore more remarkable remarkable remarkable remark remark- able in the face of present high costs and the low price for and the fact that production has been curtailed curtailed curtailed cur tailed by both to some extent extent extent ex ex- ex- ex tent in order to expedite an unusual amount of development work Although Although Although Al Al- though there has been no attempt by either of the companies to maintain malna main main- a lain tain In earnings or production at any certain volume the financial condition condition condition condi condi- tion o n he companies has been un- un d d. he lie last lant t rail of the new railroad to the tha Park Utah mine was laid Sunda Sunda Sunda Sun- Sun da da da- according to General Manager P-i-il P Hunt Hun Present work consists of putting in switches track double ing the yards and ballasting the road fled J e ed with cinders By the latter part of the week it is expected that the first train will be run over the new road This event Is to be appropriately appropriately appropriately celebrated according to plans being made by Wasatch county county county coun coun- ty civic organizations Heber City citizens and Union Pacific officials and the Park Utah Mining company le Development Rushed Since the expiration of the Pittman PIttman Pittman Pitt- Pitt I man act said Mr 1 Hunt Saturday the attention of the company has been centered on development work Earnings have been disregarded The number of ot buildings in the town townsite townsite site has been considerably amplified and living conditions greatly improved Improved improved im Im- proved until at present it is one of the model camps camps of the west AnothEr Another Another An An- I I other bunkhouse has been co completed which enables the company to accommodate accommodate accommodate ac ac- ac- ac a force of ot men The I I water supply has been augmented an ana a sewerage system put In The most recent Improvement is the connection connection connection con con- I I of building in every camp I with a central heating plant so that I hot water heat Is available to all At the same time a great deal of I I Important work has been done in inAnd And Vand around the mine A power line Une I I I from the portal of the Ontario No 2 drain tunnel t the e point of entry to tot t the e Park Utah has been built a distance distance dis dis- dis tance of feet to the old Hawkeye Hawkeye Hawk Hawk- eye shaft The company wishes to i haVe hate two avenue of ot conveyance for power power one one through the lower workings workings work work- ings via Ia the Ontario drain tunnel and the other through the old Hawkeye Hawk Hawk- eye eye so so that If one is incapacitated there need be no interruption to op Ope Timbering Completed C Connection between the raise from the Park Utah 1600 1500 level or Ontario io to drain tunnel level and the old Hawkeye mine has not been completed com rom plated The raise from the Park Utah 1500 level to the horizon on which drifting to the old Hawkeye headings will b be done dnn Ions h 11 11 n completely timbered and actual drive drivIng driving ing lug for Cor this objective will be resumed ed el I In a week or ten days The transformer system of ot the mine has la been increased to 1 K V. V A. A Additional transformers are on hand to Increase this capacity by 1150 I K I IV V V. V A A. A All narrow narrow narrow nar nar- row as well as main lu have ve been I electrified Railroad track facilities ties for Cor sixteen gondolas having gondolas having a loading capacity of ot about five flUry-five f to sixty tons to the lie car have car have been l I at the loading station Un- Un I r r there will be ample room rn I for Cor storage of ot two or three days' days output No ore bins will be needed as IlS ore can ran be dumped directly from I mine cars into railroad cars rara Precaution has lias been taken to build the loading dO dock k so to that it will be possible to handle with entire economy economy econ eon omy any tonnage of the various I I I I I I I I kinds of ore produced by the mine The ease by which the ore can begotten be bo gotten otten from the mine to the railroad car will be such that the mine will have a remarkably flexible basis of operation and production can be economically controlled so as to tako take advantage of ot metal market condi condl- I 1 Output to be bo Increased With the completion of the railroad railroad railroad rail rail- road the company plans to Increase its Ita output considerably Shipments temporarily suspended on N November vember 20 to put everything in readiness for forthe forthe forthe the new Dew system of ot shipment will be I resumed according to Mr Hunt land and by the middle of December a I substantial increase in tonnage over that of recent months since the expiration expIration ex- ex I of ot the Pittman act will be beAn made An inclined sunk in the hanging wall wan of ot the ore body has hasI reached the 1700 level and al although although although al- al I though still in the hanging wall formation formation formation for for- mation l is beginning to show considerable considerable con con- high-grade high ore or ore This may mean it is thought one of two things which will be determined shortly either that the ore body on this level is wider than thallon on the 1600 level or that it has flattened out The vertical shaft Is now down half halt way between the 1700 and d the 1800 level When the 1800 level is reached the company plans to do a great deal of ot development work If It conditions on this horizon w warrant the shaft will be continued down as asa asa I a a. three-compartment three instead of a two-compartment two working and an hoist bolst installed Pump equipment adequate to handle a much larger amount of water than is expected has arrived at the mine Development work being done to the west on the 1500 1600 level is meetIng meeting meet ing with encouraging conditions As headway is made toward the terrItory territory terri terrI- tory where important deposits should I be found indications of tion are showing Increasing promise As soon as the present rush of ot work has somewhat Hunt plans to start exploration of the Park City limestone formation overlying the quartzite from which the company's p production to date has all come I P. P C. C M. M 8 S. Output Larger Large Output of the Park City Mining and Smelting company will be augmented augmented aug aug- according to Mr Lambourne I For the last four months development development develop develop- develop I ment In this group as in the Park Utah has been accelerated and earnings earnings earnings earn earn- I ings disregarded The steady Increase in increase increase in- in crease of the past fortnight when production Jumped from tons for the week of November 17 to 1464 tons for the week ending November November November No No- vember 24 will be continued Production has been limited only by the amount of development work I I the company has desired to I Now operations have reached I the stage when development can be maintained at its present rapid pace and production increased However the augmented output will consist as as it has during the last month of first class ore rather than concentrates concentrates concentrates concen concen- for the company does not plan at least for the immediate present present pre pre- Ben sent t. t to work its mill more than one shift a day Later on the mill may mayme me lne worked two or even three shifts a day The ore ore re body above the dis discovered discovered dis- dis covered over a year ago in the old Judge and the Daly West mines which has opened up a new future for the company is still furnishing surprises for the management by its Us remarkable size and continuity As tar as the drift to the southwest has been extended high-grade high ore is persisting Furthermore the deposit shows shows- a more decided tendency to tobed tobed bed than is ordinary even in Park City a district made famous the world over for its bedded ore forma forma- I What Heber Reber People Think I The Park Utah mine is la now one of ot the largest producers of ot silver sliver and lead ore and last Tuesday was the tho last day that ore will be hoist hoist- t 4 i and shipped by way of Park City says the last issue of the Wasatch Wave According to Mr Hunt it has cost an average of ot per ton tonn n the ore in tn the past but from now on It will cost about per ton to put it on the cars But this Isn't the lie big thing thing the the order to build that piece of road was given at the same time the bill b was passed authorizing the construction of the fit lit fit Tunnel and it is the avowed opinion of ot those who are in touch with this matter that It was waa never intended that the Park lark Utah mine should or would be the terminal of ot the U U. P P. railroad in Wasatch county for long but that when the Colorado Colora Cobra do end l is ready the line will be laid via Daniels Daniela Canyon and out through the Uintah Basin The U U. I P. P didn't have to build to the tho Park Utah mine mineto to get to ship that ore for tor they were getting It anyway It it had been hen only to get got that ore a road could have been lIen built at a fraction traction of ot the cost ot of the present construction anI and It would have answered the purpose well enough without putting out more money than can possibly bo be e earned in many years to come on all the ore shipments that can possibly even If it all tributary mines to the drain tunnel ship this way The road is built for double all the way and Is not meant to go into use non and decay should a mine fall fail as mines often do Crosscuts I The Keystone commenced s shipping today and nine teams are employed l I i in hauling ore to the railroad sta sta- tion I Park Utah Is missed this week from Crom the regular shippers Its It's merely the calm before the storm however I Encouraging reports come from from the Glenallen Ore showings are In Increasing In In- creasing as aa development progresses and The Record la Is reliably Informed that Manager J J. J 11 n. Allen has haa now ample financial backing which means the Glenallen will be in the regular producing class before long John D. D Fisher Flaher was over at the Park Standard the first tint of ot the week and reports report conditions as very promising He lie thinks the tho matter ot of financing this prospect for continual development work during the tho winter months is assured and is i Justly optimistic opt optimistic op op- t hn as to its future t ro roThe The 1000 ot of the Ontario on the past east side continues to Improve and It is b confidently expected that sensational sensational sensa sensa- development developments will be given the public Superintendent Newton Dunyon Is at present Just sawing wood but his confident smile is indicative In Indicative indicative in- in of something good coming and not in the far distant future either I t There Is a decided change for the better in the present workings of the King Consolidated and intense interest interest interest inter inter- est is being manifested as development development development develop develop- ment progresses Manager N. N N. N Blye Informs The Record that the face is heavily mineralized and while at present there Is nothing to toI become excited over indications are I that the long sought for tor ore body might be near near-by and he considers present conditions very promising With the uncovering of an ore body in this once dividend payer Park City would experience a mining activity activity activity ac ac- that would be worth while land and loosen up plenty of money for forthe forthe forthe the development of the canyon section It Is only a OJ matter of time before this occurs occurs for for the ore Is there and Is certain to be uncovered uncovered uncovered ered one of these days |