Show around the state A few days ago a lease and bond was secured on the grand central mine at tintic gintic by paul hilsdale the impression is ce general that the control of this proposition will wilf go to the chiei chief consolidated anso li dated fancesco of new york has started suit of foreclosure on mort mortgage 6 age against against 6 glenallen glenellen Gle nallen mining 6 company compan y with property at park city it is claimed that six promissory notes carry due and unpaid they are dated of sept 8 1920 ophir silver mines co recently held its annual meeting 9 at which directors were chosen and later officers selected as follows president guy R la coste vice president H W lane treasurer W G God dart secretary ira tichenor who with L F adamson make up the directorate annual report was read and approved durin during ZD a recent visit to tintic gintic mana manager 6 er hu huh hugh 6 h trenholm of the knight mines was accompanied by elisha B carrier an assistant attorney in the interior department of the government at washington mr carrier was given an opportunity of visiting 1 15 a number of the local mines and b greatly enjoyed his stay in tintic gintic I 1 the eureka nevada mining co A G burritt secretary dooly salt lake announces a special stockholders meeting for dec 12 1921 jor for the purpose of increasing its capitalization from to 1 shares and also to vote on the authorization of convertible conver table notes or bonds for the purpose of liquidating its indebtedness and operating 6 its holdings for some time it has been reported that the chief consolidated soli dated had secured control of the eurelea eurek a lily mining co pany which owns ground adjoining 6 the tintic gintic standard on the west at a postponed annual meeting held during the month the consummation took place all the old directorate resigned with the exception of ra R J evans who was retained the other directors are as follows walter fitch thos carmichael and B L cripps in an accounting held in the united states district court the utah consolidated mining company acknowledge g e that it has extracted a total of tons of lead ore from property belonging 6 to the utah apex mining company the original 1 accounting showed a total of tons and a recalculation was made upon an order of the court following a hearing on exceptions filed by the utah apex the increase it is stated is accounted for by ore taken from the 13 22 11 an error having been made in the original accounting supt bupt says that sinking operations are being carried along in a manner that is most satisfactory to tile the officers of the zuma company last week the shaft reached a depth of feet and it is going down at the rate of about four feet each day present plans call for sending the workings 6 s on down to the 1200 level and mr does not believe that sinking will stop short of that point the showing in the shaft is promising as the drills are cutting through a lime formation in which there is an excellent chance for the ore to make after many years of conservative and no doubt efficient management the godbee have finally lost control of the ille prince consolidated of pioche this was reflected in a meeting of the directors recently held when president anthony IT I 1 T godbe resigned from the directorate and lie he was succeeded by J E galigher now president fred C dern also resigned and was succeeded by fred C richmond this makes the directorate now as follows murray C godbe george F wasson richmond and galligher and A thomas the godbee have pulled the prince through some pretty tight places and in their day have distributed to stockholders i in n dividends returns from a trial shipment of two tons of bonanza ore mined in the woodlawn property situated in the big cottonwood district have been exceedingly 6 6 gratifying according to manager W J lawrence who has been in the city for the past few days buying 6 supplies for the winters campaign of exploration work froni from but pounds of ore after all smelting smelling sm elting sampling freight and wagon haulage char charges chares 6 es had been deducted a net return of was received general assays essays of the oro ore showed the following values gold silver ounces copper per cent lead per cent insoluble 39 per cent and iron perk percent cent directors of the sells mining Z 1 company have adopted a plan whereby finances for corporate purposes will be made available by disposal of the treasury stock which was created when the capitalization was recently increased from shares with a par value of twenty five cents to shares with a par value of fifteen cents according to the resolution it was decided to sell george H I 1 I 1 watson and company brokers a total of shares of treasury stock however it was directed that before this stock should be sold stockholders should be given the privilege of purchasing treasury stock at three cents per share on the basis that for every three shares now owned two could be bought this right must be exercised by stockholders on or before december 22 |