Show TBOUBLES OF THE OPHIR An Indebtedness 878000 Claimed Stockholder Complains Local shareholders In the Ophlr Mining Min-ing company whose mines and mills are located at Statellnc were yesterday yester-day In receipt of a communicalon from the Eastern managers in which they ore asked to contribute lo the liquidation liquida-tion of the companys Indebtedness A filalemcnt accompanying the request dteclopps an indcbedncsa of about 7l 000 but the oniclals believe it possible to got along with a contribution of a rents a share or 62500 and with this place the proposition on a dividend paying basis Discussing the tribulations of the property since the ovcrthrowil of the City Bank of Detroit the Free Press of that city In a lengthy review of the Ophir rays1 > Tho mill started up about October 1st rind nsli0iclftdldir8 vcro confidently JYPro expect ing a dividend In Kebruary or March Jn stead Andrews frilled and the experts now say that Eli mine is Probably worth or ih market value of th cqnipment ayno Choate tin tistlIled in court that there is 1 about cvwu tons of oo In sight Of which sswo tons are worth running through the mill A high estimate of thin values IB 510 per ton net which Would yield 5330000 v T McGraw one of the stockholders last chased night stated that a year ago he puri 10000 shares of Ophlr stock at 40 ceits per shttre after being assured by other dln tors that there was over tiWl worth of ore blocked out lie Sfl3s ho was satifled with thu prospect otter nayitig a v1itto the mine and pun ciinsej several claims ahjoIning known Os the SUlphiIces McCraw says that Prof Robort formerly with tho Colorado Nining chioo1 save it ILS hti opinion that theru wn at least worth of ore blocked ouL Others placed the cs tlinnte ag hIli a It is vcry strange that tho mine is worth Only J Qq flOw said lie last TIlcht ihi4rc amy be a 1argsizcd ccl cred man eoiiealei in the Ophir woodpilo Before city the mill was erected the Salt Lalco Bardwaro company through its Sent Mr Richmond offered lo erect thin mill the and mm run the risk of getting paid from run Their offer vas reJectel bcau5o the bid was a trifle iiiglje than that of Contractor Dkderich lbeforu the present Iflanagoinent look hold ihe mine was mvxwd by Lynch and Sullivan It W1u3 nothijn lUt it prospect but sorted ore essayed as high as 104 ii ton and was Thowater 8liippCLl 1 to Salt Lake City will nroftt problem at all the Rood mines l in c tjt1 hitis XT1 a ° LveiV nind there IH no i r0a9o0 Jt I why ° Phlr hould not PLtfl out tue ° opinion of several at the tockhoiN th that some one is ileprcIsIng Ii Price ot the stock by pessimistic re ports O > aE to gain control nrf cheaply as 1iotbI e saturday Ophlr mining clock was qubt ed on the Dotrolt stock exchange at 16 bid 25 asked There are liX0 shares At 13 cents a share this would mak the nnrkoi vnluo 1S7MO providing the price could bo maintained Control on this basis would COSt about JMCOO |