The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-01

While the production of Park City
mines has been a most gratifying one
II does not, i'm itself more than begin
10 illustrate the full value of the years
operations. Mines are DOT made in a
minute at Park City. neither are they
worked out in day when once de-
NelOped. The physical condition of a
property i'm this camp is ordinarily
measured by such a high standard that
When II reaches a point that in almost
any other silVer-lead camp in the
world It would be Classed as a mine
II here has a struggle in maintainina,
recognition as a decent prospect. Few
or the companies operating in the Park
are capitalized for anything like as
many shares as are properties In most
other camps, but for all that it is the
exception rather than the rule to see
the market price of shares represent
ing the properties cut even close to the
prices that prevail on properties 10
Gated elsewhere with less ore and from
Two TO five times the number of shares.
These truths are mentioned in Opeu-
ing this review of the years doing in
the Park for the reason that the old
camp is entitled TO better treatment
than 1T has been receiving and should
command more respect at the hands of
spectators and investors Not for the
purpose of attempting to boost one
proposition at the expense of another.
but for the sole purpose of making clear
I,
illustration is offered:
Stock Price Means Little.
a Park City property recently en-
countered remarkably fine shipping ore
at a depth of 500 feet and within a
month marketed approximately $4,000
worth of 1t in running a drift for fifty
feet or so along the vein. The com
pany has a capitalization of 800 600
shares and it's stock has since widely
IIuCtnat
cents. and possibly averaged during
that time % cents. The mine is
Splend1dly equipped and managed the
ground is all patented and, to get its
ore TO the smelter entails a cost OF
probably not to exceed 50 a ton. Under
this showing the stock is selling at a
valuation for the property of So 600, or
just about what the equipment cost
in Ionopah and Goldfeld there are "A
number of companies capitalized for
from 100000 70 $500. 900 shares whose
mines have never produced n pound
or ore, whose properties are not pat
ented and whose prospects are alto
gether speculative. which are selling
their stock at anywhere from 20 cents
10 20 cents a share. or or a basis Of
100000 10 more than $500, 600. A dis
CoVery of ore in one Of the latter
camps properties would enhance the
value Of the stock several fold. In
Park City where the lodges are noted
for their permanenCy and richness. a
strike has TO be developed for months
and sometimes years before the prop
erty is allowed TO take its place among
what are termed the mines. These
conditions makes the camp seem
slower than it really il. Study the aC-
Companying table of production and
then devote a little time to the follow
ing brief review Of the conditions now
prevailing and you Will pTCba bly, think
better of Park City than you have ever
done before.
The Silver King.
The Silver King Mining company
was Incorporated August %. 1892 for
i9O'OOO shares. on Dec 10, 1898, it paid
It's first dividend of % cents a share
Or $4,000. Since that time and up to
date the company has paid a total of
S,fz5,0OO, or over SOS per share-just
about the present selling price of the
sIock. rms company never issues