Show MNns3 MINING AND STOCKS The Mercur Fails to Declare De-clare Its Regular Dividend oj 3 THE STOCK EXCHANGE I t 1 Swansea Again the Favorite and Is Rapidly Regaining Lost Ground f THE BABY MKEE SHOWING i r Fine Body of Galena Ore Uncovered Uncov-ered in the Drift Mill Creek Placers The Swuisea Mine The Ajax Strike Richer Than at First Reported The East Golden Gate Mining in Antelope Mountains Tlie Atlantic Strike X Going Out to BIt Ifclio Importance Import-ance of the Strike in the Humbug 1 Showing Ulsule by Fib Springs 3IincH Working the Wim tunka Group The Jlarion Consolidated Tim Driseoll and the Portland Ore nnii Bullion Receipts Silver and Leml Bank Clearingrs Mining Notes ana Personals The directors of the Mercur Mining company at a meeting held yesterday failed to declare the usual monthly f dividend In answer to inquiries made by a Herald representative Mr Airls stated bat he was unable to say whether the company would skip its regular monthly month-ly dividend or whether it would declare de-clare it later on but from all indications indica-tions there is little likelihogd of Mer cur shareholders receiving their usual velvet money this month When pressed for a reason for the failure to declare the dividend the directors t rectors refused to give satisfactory answers an-swers In fact they refused to talk and said to say what you have a mind to Allusion was made however to the fact that a few weeks ago the mill was seriously injured by a cloudburst the hL water engulfed the solution tanks and overflowed the precipitation boxes necessitating ne-cessitating the closing down of the works for a week and thereby entailing a loss of 11000 But for this accident the regular reg-ular dividend in all probability been declared and wspuld have declar ad paid but with good business discre tier the company maintains its right t keep a good reserve in the treasury to meet any emergency that might arise c The Mercur mill was never in a better bet-ter condition than it is today and every ev-ery opening in this magnificent property prop-erty shows up mammoth bodies of ore and as work progresses these deposits grow larger and richer until it seems as if the bodies o the precious metal were practically inexhaustible The mill also is doing efficient work again and the mine and mill never before were in a more prosperous and promising promis-ing condition Mercur stock however has suffered a sharp decline of late and it would seem as if some of the stockholders had been Ont the fact that a dividend divi-dend would not b forthcoming this month Others on account of hard times have been forced to sell and this combination assisted by those who have been bearing the market for speculative purposes has resulted in a 4 depreciation of the stock and it is believed be-lieved that it will go still lower Another factor in this decline is the oftrepeated rumor that a sale of the Tercur Is about to be consummated All knowledge of this is denied at the office although it is admitted that this may be the case and as President John Bern and other interested parties are there be some foundation in Europe ther may faunda tion in these reports |