Show MINES MINES' AND MINING STOCKS t PURE GOLD FOUND i NEAR MANHA MANHATTAN IT AN Chunks IJ of Schist Spattered I With Y Yellow v Discovered on 7 r. r Crescent Group I Special to The Republican Herald Herald I Manhattan Juh 2 Croat Great Groat chunks chunk o of or schist chIst shot all nil through h with grey lime lime- spar the whole plastered and specked L over ocr with pure gold Is the tho sight tobe to tole tolie lie le seen b by visiting the Crescent In trig company In the w western part of ot the tho camp cump This strike was made durIng durIng during dur dur- ing the week b by Billy Merten and Lawrence Larence who are operating a lease S I They have havo opened up the values at several sc places at nt and near noar the surface o of tho the mino showing that their oro ore I shoot Is not riot only vcr very rich but ex ex- ex At each place the values ar art are about the same and similar conditions prevail The place that the they thea have re rejected so- so for tor their shaft and at which the they have 9 sunk for tor about five the feet teet shows hows an Intensified three or four tour feet reet across though hardly hard hard- ly 13 a 4 pound of ot quartz Is there It res re resembles re- re s the BIG Four in that respect the values b being ln In m grey spar running through tho the f labby schist Tho The color and all is remarkably similar to the tho rock from th the tho Big Four pa pay shoot The gold Is not small emall specks speck nor colors but large ones which when r re removed removed re- re moved take the form torm of ot nuggets In panning most mORt of or the gold obtained d is extremely coar coarse e. e All of ot tho the where the gold In Jn such abundance has hnz been found are In a small gulch and anda andS a S short distance above where here the same l leasers asen took out in placer b by use uso of or a a. dry washing machine Tho The average average average aver aver- age distance from the tho placer workings Is not fifty feet It It all is within a stonas stona's throw of or the workings of ot a lease recently operated with some somo success success success suc suc- cess by Sheriff Ed Malley Count County Treasurer Frank P. P Joe ConnOr Connor Connor Con Con- nor and James OConnell In fact Mr OConnell O'Connell ll started the tho hole which the present leasers aro are continuing as their thAi sHaft RR as Troll na as another h and In both cases was as within two two reet feet 4 of oC tho the real roal thing This oro ore bod body runs east and west traversing the Crescent lengthwise of the group and In an eastern direction striking directly for tor tho the Stray Dog property It should apex close to the summit of the ridge upon which the latter group lies A. A IL H. Deahl original locator of the Crescent and various neighboring groups has hold held onto his Interests from tho the first and Is here to enjoy enjo the pleasures pleasures- of this strike first hand Ho Is III still the largest stockholder er In tho Crescent Ono One hundred tons a day is the proposed pro pro- posed output of ot tho the lea lease e on the Manhattan Consolidated from now on according to S. S W W. Y of or the leasing syndicate which operates un under uner un- un der er his name naine For the depth and amount of or lateral work done this lease has the greatest tonnage ties volume and average richness of or Its ore ora body considered of an any mine In tho the camp The depth attained is only feet teet and tho the ledge averages os upwards upwards up- up 0 wards of ot feet reet twenty wide Ide and It will break according to hundreds of samples personally taken and assayed Ed by Mr lr from 20 O to t 22 2 a ton JU JULY JUTA Y EXCURSIONS Via 13 D. D A R. R G. G R n. n IU n. One single taro faro for or the tho round trip between any two stations In Utah 4 Minimum fare tare 25 2 cents Tickets onI on I salo July 2 3 4 t. good returning until I July Tuly 5 S. Fine fishing ng In Provo Prove river I Accommodations for tor campers and fish I crmen at Upper Falls Falin resort I I. I U JULY FOURTH RATES 44 Via Va Oregon Sh Short rt Line Tickets on sale 4 July and limited to July I. I City Ticket Office Hotel Utah COPPER APPROVES PlAN Stockholders Vote for Reorganization Reorganization Reorganization and Assessment of 1 a Share Special to The Tho Herald n. New York Jul July 2 Thc Tue The proposed ed plan planor of or the organization organisation of or a new nev company compan to take over oyer the Ohio Copper company compan a Heinze concern was approved t d at Portland Mo yesterday hy by a vote ote of oC shares hares in It Its favor or The rhe directors directors directors tors of or the new company compan are aro to be bo W. W O. O Allison president of or the National Reserve e bank F. F Au Augustus John C. C Montgomery j. j Fred Pierson Jr and Stanl Stanley y These five fhe replace a hoard board of ot nine of ot whom on only I Mr lr Heinze and Mr Gifford continue It is 18 understood that tho the underwriters of oC the new company compan were to have ha the tue right to appoint the majority of ot three In tho the now new board thus ln h having a predominance pre pre- dominance in the board over the Heinze interests The now ne' company compan Is to h have an nn authorized thor z cd capital pt I of dl o a Each shareholder in the old old company ma may subscribe for tor a share in the new at 1 for tor over every share of ot the old he holds For the conversion con of or the 1 II- outstanding bonds shares at par are to be set aside Of or orthe the tho remaining shares are areto areto areto to be used for underwriting the new company All 11 stock not subscribed for tor forby torb forby b by holders of or the tho old company shares will be paid for tor h by the underwriters at nt 25 1 a share The proceeds of or sales of or stock tock of or the ne new company are to bo be used to pay all obligations of oC the old and to complete the company's compans mill to efficiency nc It is expected that a n balance balance bal bal- ance of or will remain for tor workIng workIng work work- Ing capital This 1 I assessment requires a a. payment pay Pl ment mont of or 50 CO cents a share on Jul July 15 and 50 cents on September 6 6 1912 The Tho name of ot th the tho now company compan will wilt bo t the tho o Ohio Copper Mining I BOSTON SHARE MARKET ACTIVE No Special Features Features Better Better Tone and Inherent Strength at N New w York lD By Da Badger er Bros Private Wire Boston Jul July 2 Bo Boston Boston ton copper share market has be beth been n fairly active e today w with I th tren strength th gene gener generally mi lh ly prevailing prevail i ii g. g There have been no special features to the trading but a strung strong undertone is d distinctly noticeable The features of ot activity were ere East Bulle which reached Hi i and Superior Copper was also strong and fairly active e selling at n. n United Status States Smelting common was quoted at Hi Calumet Arizona Arlona was up a full point strong at 76 6 Shannon Shannon Shan Shan- non has been unusually active and strong reaching 16 Butte Bc Superior shan shan-I sold at Haden Stone Co New NewYork York Jul July 2 The The earlier stock market t today da showed a better undertone undertone under under- I tone and better Inherent strength th than n for tor some days das past Though transactions transactions transactions were wore comparatively el dull strength prevailed d up to the time of oC the announcement announcement announcement an an- of or the tho nomination of or Governor Governor Gov Gov- Wilson when stocks broke sharp- sharp I h l under r th h nf of n u Rapid Transit which earlier had been I I he the feature of or the strength th The selling sell sell- ing ng which took place pace after aCler the an announcement announcement an- an announcement appeared hl highly speculative specula specula- speculative tive tl and did not appear to emanate from any Import Important nt source Rather it looked more like scattered house liquidation dation on the part put of oC timid holders Wo continue to advocate the tho purchase of ot Steel and the good raids on such shakeouts as undoubtedly occurred this afternoon Fundamental conditions as reflected reflect reflect- ct- ct ed In crop crops better prices for steel and copper products and many other factors tao fac tors are the nucleus of ot permanent bet- bet torment in stock values regardless of any unsettling political fears Hutton New York July Juh 2 The The principal In Interest Interest interest In- In terest In today's curb market was the industrials There were no special fea tea tures Cigar Stores sold off oCt at the tho clo close e. e after LUer opening strong tron Mason 1 Val Val- Icy ley sold eold from to 13 closing at 13 1311 which Is a a little better than last nights night's closer close Braden and the rest of the coppers were vere practically unchanged I-Fa I Fay PHENOMENAL RICHES IN NATIONAL MINES Many an Nevada Neada mine operators are keenly watching the results of ot tho thi apex cao caso of the National Mines lInes comI com corn I pany any Relative to some of ot the tho testimony mony the Carson News ws says saye Ninety four thousand six lx hundred dollars In gold and silver out of ot a space of seven feet reet by four feet and a afew a afew few Inches thick also over from tram froma trama a single slab from a knife blade of six inches in thickness and about five Che and one-half one feet teet long Ions three feet reet wide was the tho testimony of ot General Manager Frank A. A Taylor in the great apex suit Bult now no pending In the United States court and in answer to a question as to the wealth of or that wonderful treasure vault of gold at National Nov Nev Everybody sat nt up and took notice gasped while grasping this monumental statement under tinder oath as It relates to toone ono one of or tho the rich mines of Nevada Such Sucha a recital IK is not the tale talc of some prolific newspaper writer but the sworn testimony mony of ot a matter of oC fact Mining Engineer Harrison likewise created a wave of ot Interest when de defining tie tie- fining low grade ores at National as ores carrying values of from 25 25 to per ton and considerable of or the theu ore at that Tho Those I were were the tho striking and sensational points of or the tho testimony today Only two witnesses have been on the stand Perry G. G Harrison Harrson mining engineer engi engi- neer noer and I rank Frank G G. G Taylor manager of ot the National Mines They are the tho practical practical practical mon men In charge of ot the development develop develop- ment mont work of ot the great property Their testimony war was a n detail of or tho the thomine mine evidence lit in Illustration of ot elaborate dab dab- orate crate drawings 8 showing the workings I of or tho the mine and testimony as ns to trend of or apex and the dip of ot the fissure vein with the tho dip and rake of the ore shoots Th The Interest In the case Increases from day clay to day Prominent mining mon men are arriving to gain knowledge tr from m the men associated ted with this case CON CONS MERCUR IS GOOD GOD FOR HALF Y YEAR AR MORE Stockholders of or the Consolidated Mercur company of ot Mercur at the tho annual an an- annual nual meeting held In New Jersey yesterday yes yos- terrIa authorized th the directors to neIl Bell the property or equipment as a's they see seo fit A recently opened new now ore bodIs body bod Is MaId to have hav prolonged the life lire of ot the company compan another six months lUll nJ tT T SAMPLERS A Three carload of ot ore from Utah Blab mines and three from Nevada Nc rc I ported b by the Utah Ore 6 m pany day r I METAL KING IS READY FOR WORK Utah People Pick Up Valuable Group at Jefferson N Nev v. v Near T Tonopah Salt Lake Ilke and Ogden people haeN have ha secured N a group of or a dozen ozen mining claims out in Nyc Nc county count Net Nev where work vork will be bc started probably next week Tho The group roup Is in Round Roun Mountain dc ind is eighty eight miles 8 north of or Tonopah and sixty miles from Millers lIllers I n g the tho nearest railroad point t. t The company Compan has been Incorporated Il us ita the Metal King Ring Mining l company of ot shares of ot 10 cents par liar value aluC with shares left in the tr treasury The officers are B. B P. P y of oC O Ogden cn president and general manager Attorney Frank I. I L. L Dodge of or this eltrIce city vice Ice president and treasurer Horace Lewis secretary who with W. W It n. Hays anti and E. E E. E King iCing make up the directorate The Metal 1 King adjoins the Round Hound Mountain on the thc west the group on the other sido ald and sidelines the Mio old Il T ff r nn mm mine I IB with a pro production i of I Very little development work has hits been performed to date but what has been done lone has given ghen Handsome returns On the Agnes claim for tor Instance Is a seventy foot shaft with a foot fifty drift A fair Calr sampling of the tho dump clump went gold goll and lS 18 ounces silver A Aein vein eln from eighteen tp twenty Inches I Ihas has been opened A streak of ot half hair tOan to toan toan an Inch wide along the thc n hl hanging wall assayed 30 In gold Another wont ont In gold old and G ounces silver er On Marietta ll No I. 1 I picked samples ran mn ounces silver lead worth gross a ton A second went 3 36 ounces silver sll per cent lead lend at a 0 ton Average samples of ot theore the tho oro ore ran gold 96 silver 21 loada lead load a a. al valuation ua lion of or 1150 a ton From Marietta No 2 samples assayed 25 gold ol ounces or silver silvor running 36 10 to toe the ton E. E E. E King who has hn- been mining In Inthe Inthe inthe the Jefferson district for Cor years was as In 10 Salt Lake yesterday Ho He EeL says the countr country rock there thre Is 18 made mudo up principally principally pall pally of limestone Quartzite and porphyry intrusions Most of or the tho values arc are found In contact viens the main contact In the Metal King showing showIng show- show Ing a 0 porphyry hanging and lime foot foot- wall There are arc several large mineralized minera minera- IJ d fissures ures cutting through tho property property prop prop- erl erty the most prominent of or which can be traced for 2000 feet on the surface The Metal King has hIS an nn extension of or the Bryan vein eln which has hns produced generously generously gen Ken In adjoining territory It also I has the tho Jefferson vein oln probably for tor the length of ot two claims Mr r. r ICIng King says men will at nt once at-once once be put to work sinkIng sink sink- ing a prospect shaft on Marietta tarletta No 4 1 This will be he be sunk fifty feet and if the values continue going down an adit will 11 be sent In below to tap the tho vein eln I at greater depth He considers the Metal King one of the best prospective mines In the district The low grade grado ores ran an be he forwarded to one of or the tho several mills down the valley where there are arc four tour or five operating now nol one of ot which Is a 0 strictly custom plant RICO LOOKS GOOD TO WHEElER Out of Old Producing I. I I I I mines Mail Halt Are Now Active Speaking of his trip last week weck to Rico Colo Cob J. J it M. Wheeler heeler a prominent and successful mining man of at this city said yesterday that he hc found th the RIco camp a place very much similar to Alta but of a a higher elevation with the town probably and some of ot the tho mines to feet teet above sea level The snow Is 15 quito quite a problem lem eight or nine months of the year At present there are about a half dozen active properties in the district Twenty or thirty years ago there were probably a n. hundred active mines many of ot which were wore once active shippers Most of oC these properties have hn been abandoned BO so Ion long that the they hare o caved In and would r require almost as al heavy an expense to reopen through h the old workings as to run entirely new levels lords Mr tr |