Show BUSINESS MINING AND STOCKS J Operations of the Mercur j 1 Beep Mining Company I Com-pany THE BULLS AND BEARS I But Little of Interest Developed Devel-oped at Yesterdays Call on Change I BULLION BECK DIVIDEND I Fifteen Thousand Dollars Paya able on June Twentieth Good Showing In the Golden Star West Cable Looking Well Car riugrton Drlng ± U Snake lliver Gold Fine Display of flipper Ore Outlook For the Culm Sterling Icoplu Pleaded Utah and Galena Pay Their Dividends H Officer and Coiutismys New Plant Additional Addi-tional Stumps For the Enreka Hill latest From the Cnn ps liz itic Clearing Ore antI Hnllion Receipts Yesterday Quotations I 3Iimz > K Xotes anil Personals I I II I I A month or more ago the Mercur I I Deep Mining Milling company filed 1 I I its articles of incorporation and began I I operaftions in the very heart of Mer I cur curThe i The ground on which the company based its incorporation embraces the I Baby Elephant and June Bug lodes two potential claims on which the > I townsite of Mercur is platted These claims were held on a lease and bond I oy the company but on Monday the 1 owners deeded the same to the company com-pany reserving only the surface ground for townsite purposes The Baby Elephant and June Bug claims are almost environed by paying pay-ing mines such as the Mercur which joins them on the south and east the Golden Gate which almost touches the June Bug on the north and east and the Marion which comes within a few feet of joining the June Bug on the northwest In < such a locality therefore there-fore and with such neighbors it looks as if beyond a reasonable doubt that these two claims are squarely on the I ore zone of this great camp and it is confidently believed by the officers of the company as well as by experienced I ex-perienced miring men that with depth l larseTxidies of good milling r1ll be found in this ground John J Myers of San Francisco I one of the original owners of the claims above referred to while in the city a few days ago demonstrated his faith in the fruition of the enterprise TJJ talcing 300000 shares of the capital stock of the company and he states that in his opinion if ore is to be found in any of the undeveloped properties prop-erties in or near Mercur that it will i be found In the claims on which the town of Mercur now stands but which are now held in fee simple by the Mer cur Deep Mining Milling company This company is organized with a capital stock of 1000000 shares of a par value of 1 each 100000 shares of which were set aside for development 1 purposes None of this stock has as yet been sold but now that the title to the two claims has been vested in the company the individual stockholders stockhold-ers have pooled their personal stock while 20000 shares of the treasury stock Is now being offered at 5 cents a share and when this is disposed of the balance of the working capital stock wiN be placed on the marketi at 10 cents a share L The company is In a good condition financially as it does not owe a dollar end the proceeds from the sale of the treasury stock will be applied in the extensive development of the property and to facilitate this work a steam hoist has been purchased and is now en route to Mercur Upon its arrival there it will immediately be placed in position and the work of sinking resumed re-sumed This hoist has a capacity of 1500 feet and will enable the company to expedite the development of the property very materially 7 The shaft in the Babyi Elephant is I 150 feet and now down to a depth of rock has already been encountered that carries values of from 90 cents to 350 in gold to the ton but the main ore body has not as yet been encountered and various opinions have been expressed e ex-pressed as to the depth necessary to carry the shaft into milling ore With the great showing made on ev erv hand there is every reason to believe that the Mercur Deep Mining Milling company will eventually succeed suc-ceed in its enterprise specially now that steam mil take the place of armstrong arm-strong power at the hoist and B L Olson the president < of the company who is aoi experienced and successful Colorado miner has the greatest of faith in the ultimate success of work k cow In hand |