Show Now Operating in Missouri Mining and Stock Sales Addition of Park City Consolidated Mines company to the list of the nations nation's na- na tion's lead producers with completion of ofa ofa a a new ton mill at the company's Missouri property was announced Saturday Saturday Saturday Sat Sat- by Richard C C. C Badger executive vice president The Missouri property of Park City Consolidated Is at Fredericktown about 92 miles south of St. St Louis in what Is Js known as the South East Lead belt and adjoins property of the St. St Louis Smelting smeltIng Smelt- Smelt ing company a subsidiary of National Lead company The property consists of acres and was acquired under bond I and lease by Park City Consolidated about two years ears ago I A campaign of development work was I begun in December 1942 A shaft was sunk to a depth of feet and from one level 1550 feet of lateral work has been performed One was first encountered encountered 1 I early in 1943 and since that time times I tons d of ore averaging 5 b pet per cent lead have been developed according to Mr Badger A stockpile of tons was accumulated above ground before the mill was completed he said I The milling plant was started July 1 1 1943 and completed December 30 1943 i at a cost of Design and metallurgy metallurgy metallurgy metal metal- was worked out by Thomp Booth son division of the Gallgher Galigher Machinery company of Salt Lake City The foot mill was erected by Murch- Murch I Jarvis Con Construction company of St. St Louis The mill is designed to handle I tons per day and produce a 70 per cent lead Concentrate by an flotation all-flotation method I Mr Badger said a 0 production lon rate of tons of ore per day has been reached and is being maintained until additional 1 I rock drills and miners are available One ton 50 railroad car of concentrates Is being shipped every other day to the St St. Joseph Lead company smelter at Herculaneum Herculaneum Herculaneum Her- Her HerI I Mo 50 miles north of at Fred Fred- Fred I he said This will be Increased I Ito to five carlo carloads ds every six days when full I I production is reached Mr Badger added A Joplin system of mining is being being 1 I used Sixteen-foot Sixteen can cans are loaded and hoisted to the surface by means of a a. I j I type Joplin hoist holst which is Ls mounted In inthe in the or derrick Underground loading end nd haulage is done by j zed methods I Meanwhile the company's property Inthe in inthe inthe the Park City Utah district which was wasa a producer of silver lead ore are before the war is idle Directors in addition to Mr Badger el elected at the annual meeting January 24 at Ogden are Carl V V. Stehle of NewYork NewYork New NewYork York and J. J Elaine Blaino Corry J J. J A A. A Howell and J J. J L L. Chadwick of Ogden Mr Stehle was elected president and treasurer Mr Badger executive vice president and assistant as assistant assistant as- as treasurer Mr Corry assistant secretary and Mr Howell vice president and secretary Sundays Sunday's Sundays Sunday's Tribune TWO 1 CURB cUlm TINTIC lU J CITY METAL OUTPUT By Dy the Shift Boss Doss Tonnages of ore are mined in 1943 In the Park City and districts declined In contrast to an Increase at Bingham This was due duo mainly to man power I shortage hortage in n the underground mines and andi i the general l silver lead policy of the war warI production board Lead and high silver sliver I content mines were at a disadvantage I m In most matters pertaining to operations I A general idea of 1943 1043 output as compared compared com com- pared with 1942 can be obtained from I the tho United States bureau of mines preliminary pre- pre luminary figures Ore Tons 1943 1942 Utah Bingham Park City Copper Pounds Utah BIngham Tintic Park City o Zinc Pounds Utah Bingham I Park lark City Lead Pounds Utah Bingham Park CI City y The apparent discrepancy In zinc production pro pro- Is 11 a accounted counted for by the recovery of zinc from slag in the International 1 I Smelting and Refining company's zinc zinc- turning ruining plant which treated much lead lend JI slag Theres There's need for tor an analysis of f Bingham's great copper output and 1 most of ot the balance came camo from the National National Na Na- Tunnel and Mines U S Smelting I Ohio Copper tailings and the Boston Doston I Consolidated mines all In Bingham with i t the small remainder as by product from and Park City I I The slight gain in Bingham's zinc output output output out- out put was due to operations of the U. U S. S i i and Combined Metals companies Tintic's Tin 1 I 1 tics tic's Increase in zinc production was accounted W- W Wi acI I counted for by the water below-water level I I operations of the Chief Consolidated i 1 Mining company Had it not been for tor the I I 11 New Park Mining company's becoming I producer of ot zinc with an increase of of i more than pounds the district I would have suffered a still greater loss i 1 in zinc produced The Silver King Coalition Coalition 11 tion ranked second In the camp I coall-I The Park City district was the only one showing an increase in n lead produced produced produced pro pro- I i an and t again the New Park mine I helped the Silver King Coalition and I Park Utah Consolidated to offset the I i absence of output from the Park City I property l 6 the year The decrease in Tintic's lead lead I was due to reduced tonnage from the Standard mine Except for the I U. U S S. S properties l in Bingham no lead mines received labor priority affording them any material help from government government government govern- govern ment agencies The U. U S S. S properties Inthe in inthe inthe the Bingham district led the state In lead output i Tho The principal new base metal projects in the state during 1943 included the of the Ontario mine at Park City the resumption of water below-water production production pro- pro of zinc lead ore from the Chief mine in tile the Tintic district the increased increased increased in- in creased zinc recovered by the Tooele lume zinc plant and the construction of the Big Indian combination leach- leach ing-flotation ing plant in the LaSal district district district dis dis- dis- dis by Ohio Copper company of Utah Salt Salt Lake Tribune issue of January 28 Um LEGISLATION L. TO liEU HELP WESTERN MINING INDUSTRY 1 The outstanding legislation so far tar as the tho mining Industry concerned proposed pro- pro posed pOISed in n Washington during 1943 was WIlS the bill of Congressman Maurice J. J Sullivan Sullivan Sul- Sul livan representing the State of Nevada which if It passed by Congress will remove remove re- re move ove mining and oil all financing from the provisions of the federal securities law II This legislation would bring the mining states of the West back to life and end the tho expenditure of millions of ot dollars by the federal government now being I taken from the U. U S S. S Treasury in an effort elfort to develop prospects into mines i Congressman Sullivans Sullivan's bill in our opinion Is the most vital legislation that has has been proposed In recent years to end the present stagnation in manYI manY Western mining districts I The Tho federal securities law as Interpreted interpreted interpreted inter Inter- by the SEC is so severe that practically all mining and oil aU financing has been ended The federal law is de designed designed designed de- de I signed to prevent fraud in the sale of these thes' securities But there are plenty cf of state and federal laws to prevent I fraud The progress of an entire Industry industry Indus indus- try should not be stopped b because Cau a few racketeers once moved in on the mining business There are rackets in most lines of business but the progress of I industries Isn't stopped topped by them These I racketeers are singled out and prosecuted prosecuted prose prose- leaving Industry In which they I operated in better position than before The Tho mining and oil Industries can bo be boI bei i I made to afford positions for returning I soldiers after aner the war But Dut If the tho present present pres pres- ent cut stagnation in opening new mines and dialing dulling new oil wells is allowed to continue there will be few positions In Inthis Inthis inthis this mining development lor for the men menI I returning Tho The government will undoubtedly I stop financing mine development from the U U. U S. S Treasury when the need for metals for tor war purposes comes to an end The West should prepare for this thisby thisby by backing the Sullivan an bill Greater supplies of oil are needed for the war One way to get this oil all would be to allow the financing of wildcat drilling operations as was in effect when the present pre ent great producing oil fields were ere being developed Fortunes can be made madeI with the present price of oil developers I would finance and drill if It given tire tile chance Denver Den Denver Mining Record STOCK S BALLS L S I Ij j THURSDAY New Park 1200 Park 1200 Park City Consolidated Consolidated Q Silver King Coalition ig I FRIDAY i I Park City Consolidated Consolidated 1500 1500 p 1000 jj lOc 2000 2003 o. o New Park Park I SATURDAY TU DAY New Park Park 50 50 CJ fj 7 Park City Consolidated Consolidated MONDAY I Park City Consolidated Consolidated tp 1000 S 18 jc TUESDAY No Park City stocks were listed In n the tho sales today WEDNESDAY I New Park I New Nev 1000 1000 Park City Consolidated Consolidated Id I aC i lOCO JOCO s I 19 19 c s I New Park Park Utah Consolidated Silver King Klug Coalition cons 1 park Utah Keetley I Total |