Show SALE OF THE OPHIR I Three fourths of the Stock Brings l MIEN rEN BUYERS 1 WILI wIL ERECT tILL MILL AT ONCE Deal in the tho Stateline Dis Vein of Ore in the Dl Thick Jack in Tintic Showing S owing in iii the May About Cape Nome Name For more than days past a deal has been under negotiation with De Dc triot tor Lor a mine in the Ia 11 the Ophir A few weeks ago a crowd of vIe vIs vIsited wt out by the syndicate examined It thor thoroughly the property nd returned to the aMt er t carrY cury carrYing ing wIth them ery flattering reports As a result tile deal has been closed and with the exception of a small block 8 of the stock of the tha corn com Is n now In the hands of f the pUr pUrchasers pany l t chasers The eln not be obtained defInitely yesterday but It Was vas learned that it will come close to The stockholders who will be most benefited DY bY the tran transaction are R Il J Evana and F H Lthrop Lathrop of this city who owned cou considerably more Uhan a control of the mine Mr Lathrop how howeVEr however eVEr still retaIns ii a large bleck of stock The wao made through the or of forts forta ot of M L Elfin Ellinger tr Mr bul nees nd he haS gone east to the on mat mattern mattern tern pertaining to the he future of the I mine The according to mining men acquainted with th the State Stute Stateline line dl iF one o o thE the b best or the J Johnny there property erty there that has produced as high The Jo is strictly a gold while the Ophir Is principally a eliver producer Some very ore hll hati been taken out of It ranging from up to 2000 per to The veins are large but are arc nade up mostly of 01 mIlling ore the higher grade values I running In reams earns The main ein em meas Urea at least nine feet wide and the experts who examined e the ground fOr fOrthe forthe the Michigan folks estImated there Is In the of n oooo ot of mill milling milling ing ore In sight eight Together with the stock disposed of 01 by lI ars Lathrop and Evans was wa a large block of treASUry stock which places the In Slon of fun to carry on some exten vive development work It ws was stated yesterday that It Is the IntentIon of the new management to continue Inking the present shaft ehatt which Is B n w V down downto to 66 feet to a depth of feeS fee While thie work io 13 in progress plans will ill be made nde for a new concentrating mill of a capacity of tons a day dayam am before many months pass by the material tor nr Its constructIon will be on the ground The company Is 18 to be reorganized and with Wie new management in installed installed stalled the extensive work alreadY out outlined outlined lined wIll be carried Into execution A representative of the new directorate will re reach h here some time next week to tart things to going vigorously Before bu buying Into the mine the parties were careful tc look into the question of w n facilities Water Vater su to a large eon con concentrating mm mill could not be obtained in the camp so a contract was entered into w wish h Judge Henry Rives who sev several several eral m months ago acquired title to some a me valuable springs springe several miles distant It Is the intention to pl pipe the water from tb springs this distance and by bythe bythe the time e new mm is completed it will vIli be delivered on the ground Thu water pipes to be laid will be to supply the camp so 50 the lm to be made b by the Ophir company will be to the camp of Stateline In more ways than one |