| Show prperJWT rTRTiP TJTATT MINES Pool of Copper Properties Which Utah Keeps Out Of Chicago Ja 20A special to the TimesHerald from New York says Full details of the Lake Michigan Montana Copper Mine Combination representing 100000000 of capital invested in-vested will probably not be made public pub-lic before Saturday Those interested in the combination which ha been engineered engi-neered through A S Bigelow of the Butte syndicate and Levy Mayer representing rep-resenting Lake Superior interests are now holding a meeting In the Gllssy House in this city I is practically assured as-sured that With the exception of the Marcus Daly copper mines at Anaconda Anacon-da the mines of the Ontonagon district dis-trict of Michigan a few small ones in Utah and Arizona and possibly the Calumet and Hecla ail the important I mines of the country are going into a syndicate the financial head of which will be represented by the Standard Oil company financiers and the business end will be largely controlled by W A Clark the banker of Butte The mines affected by the deal are reported to be the Boston Montana the Butte Boston the Old Dominion of Arizona and the Arcadian Tamarack Tama-rack Osceola and Quincy of the Houghton Hough-ton district Michigan The new combination for which the name of the American Copper company has been suggested intends to do a heavy export business the great profit in copper now lying in the European markets At the Here Superintendent Sam Pollock of the Hercules on Lion hill who is in the city speaks most encouragingly of the outlook for this property in the development devel-opment of which he states immense bodies of good milling ore have been disclosed and he adds that within a short time he expects to uncover a deposit de-posit of mineral which in extent and value will rival the showing at the present time in the Northern Light its nearest neighbor to the north In the exploration of the Hercules the workings have been sunk on an immense im-mense zone of lowgrade ore No hang f fl 3 I lag wall has been found as yet and 1 crosscut of thirtysix feet has failed Ito I-to disclose the footwall of the vein but when this is uncovered it Is believed that a big deposit of highgrade ore will be found in the contact with the lime and Mr Pollock says that he would not be surprised to hear any day that this contact had been reached I Stocks On the Curb Joe Bowes was the leading feature of curb transactions yesterday and during dur-ing the afternoon it was a r < adv trader at from 27 to 28 cents Daly West also made remarkable gains and was a dealer at 1023 Northern Light changing chang-ing hands at 0101 while Four Aces was in demand at 6Y cents Joe Bowers Extension was firm at 14 cents in the bidding Lower Mammoth being wanted at 82 y while Star Consolidated was in favur at 125 with holders standing out for a higher figure Eagle BlueBell Blue-Bell was picked up at 205 and was in earnest demand at this figure Golden Eagle was traded in at 8Y cents Silver and Lead The silver and lead quotations yesterday yester-day were a follows I Bar silved 59 cents Lead brokers 4 Copper casting 12 cen sOre s-Ore and Bullion The ore and bullion receipts yesterday yester-day were as follows McCornlck Co Bullion 5400 ores 11300 T R Jones Co ores 11500 bullion bul-lion 10000 Mining Notes and Personals The Swansea had seven cars of ore at the samper yesterday Hon Theodore Bruback Is doing the leading mines of Tintic district Superintendent R G Legg of the Northern North-ern Light was in the city yesterday Bingham was represented in the ore market yesterday with one car of Keystone Key-stone and three of Dalton Lark The Mammoth directory failed to meet yesterday as anticipated so that it is doubtful if the company declares I 1t regular reg-ular dividend this month The Chloride Point is in with a 400 pound shipment of highgrade cyanides The mill Is running in a most satisfactory manner and at a high saving Two more cars of highgrade Northern Light ore will be ready to haul to the railroad Monday I is officially reported I that the mine Is looking bigger and better bet-ter than ever before I is learned that the La Keine company com-pany has received important advices regarding re-garding this Tintic property and that this is the reason for the advance in the stock of the company on the floor of the exchange ex-change Gill S Peyton who has been tendered the presidency of the new mining exchange ex-change while apprecaiting the honor of the position has declined to serve as his I i business affairs are so pressing In other directions TimesReview Tuscarora Nev Tho Dexter is making huge inroads in the idle population During the last few days the working force has been nearly doubled Still there Is no demand for labor that tho local market cannot supPlY sup-ply plyGlenn Glenn R Bothwell who has returned from of tho Petro mine an inspection at Bingham states that the property is In splendid condition and that it Is more than likely that the company will ben heavy and regular shipments In the spring The trustees sale of Yankee Girl and West Dip Mercur Gold Mining companys stock held yesterday on West Second street attracted a big crowd 50000 shares of the former bringing 4t4 cents a share while the 56000 shares of the latter were knocked down at 1y cents a share Tho Gold Treasuro company yesterday purchased a Buffalo whim for its Pintle property and tomorrow R E Worrell will KO out for the purpose of starting a new shaft on the ledge which is a very I strong one it being the Intention to open up this promising ground in I thorough manner George St ClaIr the well known mining man of Ophir and A 0 Evans a leadIng lead-Ing merchant of the same place were In the city yesterday on mining and other business Both unite in the statement that everything indicates great activity in mining in that section as soon as spring opens John Craig of Chicago a member of the stock exchange of the Windy City is in Zion a guest of Colonel J f Woodman Mr Craig will leave this morning for I Eureka where he will make a visit to tho great CentennialEureka He expresses ex-presses himself as being well pleased with Salt Lake City in particular and Utah In general I Is understood that the question of legal rights as between the dual board ol directors of the Buckeye company will be settled by the courts at no distant day 1e et WO i cg rl J J The contention Is between the BeckHjde and the Romney faction each claiming the right and power to elect the board inconsequence In-consequence of which two sets of oillcers were elected at the last meeting a week or two ago > Gill S Peyton who is hack from a visit to the Picnic at Silver City i says that In get diii liht ro hc J r6 the drift to the south on the GOO level the formation is growing softer tho indications indica-tions being that a line body of mineral ton will soon be encountered On the C50 a crosscut to the hanging wall has revealed re-vealed a streak of highgrade galena ore of from six to eight inches in width Tho outlook for the property Is very encouraging encour-aging James Healy and Fred E McGurrln have returned from Tintic district where they made an inspection of the underground under-ground workings of the Star Consolidated mine not far from Mammoth Mr Healy who Is one of Captain J R Do Lamars experts was exceedingly well nleased with the Star and he is of the opinion that this Is the making of one or the greatest producing district and paying mines in Tintic |
