| Show i MADE THE INSPECTION IlallionBecic Directors Pleased With Die Showing at the Properties Proper-ties I Messrs McCornick Beck Beatie and Eamberger members of the hoard of directors of the BullionBeck company returned from DureUa yesterday morning morn-ing after spending a couple of days in an inspection of the properties of the company Their investigations gave very good results for the gentlemen found the mines and mill in good Ehaipa Between the SOO and the 900 levels the showing of ore is now very good although the expected developments develop-ments have not yet taken place The foundat1on for the new Bryan mill Is MOW almost ready for the reception recep-tion of the machinery When this one is in place the mill will have two of I these machines In operation The concentrator t con-centrator is taking care of in the neighborhood neigh-borhood of 150 tons of ore daily Nothing Noth-ing pas done by the directors regarding I the proposed transformation of the mill into a combination I I Back From the South Messrs John Q Packard and Robert Harkness returned yesterday morning from a visit to Texas and other states of the south their interests in those sections having demanded attention Mr Packard states that he found the people woefully ignorant on the silver sil-ver subject and rather inclined to accept the statements of the gold bugs There is need of much education educa-tion Mr Packard went out to Eureka last night Before his departure he received the information that the re timbering of the main shaft at the Eureka has been completed to the 500 level Beaver Creole Mines Latest advices from the Beaver creek mines in Summit county are that in two of the claims permanent veins have been found and work is progressing progress-ing favorably The owners are fixing for winter and intend working a full force of men all winter Samples have been sent for assay but returns have not yet been received however They feel highly encouraged Wjomiiiy Placers Sold ISpecai to The Herald LARAMIE Wyo Oct 28lhe Douglas Creek Consolidated company have bonded their placer claims to aNew a-New York syndicate for 75000 The grounds are in the Douglas creek near Laramie and embrace 2300 acres Negotiations Ne-gotiations for other claims in that district dis-trict are pending Over 20000 in gold was taken out this summer in this district from the placer claims and I with incomplete facilities Tno Stocks That Are Booming Mercur and Dalton are just now i twin stocks in the advancing column j and both are fairly booming Heavy purchases are being made bj t both Insiders 1 in-siders and outsiders and the jumps made by the securities are opening the I eyes of the initiated and uninitiated alike Saleswere made of Mercur yesterday I yes-terday at prices ranging all the way from 750 to 8 per share and it fs evi i dent that the end is not yet With Dalton the advances have been as heavy proportionately the only difference differ-ence being that in the case of Mercur It is dollars and in the case of Dalton it is cents The latter stock was yes terday commanding 15 cents the great advance being due to continued good reports from the property and heavy I buying by people supposed to be well posted j llcela and Geyser Closed j Through the breaking of the pump operations at the Hecla shaft were discontinued dis-continued yesterday afternoon and this occasioned the cessation of work at the Geyser mill whioh is dependent upon the water from the Hecla Francis Hall one of the holders of the bond on the property came in from the i camp last evening and t starts back with the necessary repairs for the machine at once Made a Good Suiimicnt Returns were yesterday received from the shipment of high grade ores made by the Morgan the car load having been sold to the Hanauer smelters The assays upon which the sale was made gave returns of 129 ounces in silver 20 per cent lead and 3 in gold These returns were of a very satisfactory nature na-ture and it is the intention of the company to make other shipments at once The ore bodies in the properties are showing up Jn good shape Gold Dnst Looks Well General Penrose has returned from an inspection of the Gold Dust group in the Camp Floyd district He states that the development work is being carried on very vigorously and the showing in the properties is highly gratifying The general will return to the district next week Elected Their Officers The members of the new board of directors di-rectors of the Ajax Mining company got together yesterday and elected their executive officers Frank Knox was selected as president and treasurer Samuel McIntyre vice president and general mann rei Isaac Jennings secretary sec-retary Mr McIntyre came in from the properties of the company yesterday morning He reports that the showing of ore continues about the same as at the time of his last visit This means that the new vefln upon which the major ma-jor portion of th6 work is now being done is waving I opens out and then partially closes up thereby following the history of all Tintic veins Deal In Geyser StockS Stock-S B Miller has again attested his faith in the outcome of the suits now on against the Geyser by making mak-ing an additional purchase of stock in the company This deal involved the payment of 57000 he having taken up I the Gray stock of which there were 19000 shares The stock was held in i trust by Mr Gray for one of the origInal I orig-inal owners and was seized under attachment I at-tachment by the United States mari mar-i shal It was subsequently released under 1 I un-der agreement and all claims were set tied Mr Miller taking the stock and I paying therefor 40 cents per share Retnrniiij to Angels A N Butts will leave for California this afternoon for the purpose of devoting de-voting his attention to the development of the properties in which he is interested inter-ested located in the vicinity of Angels camp The gentleman now calls the Golden state his home having invested invest-ed some of his proceeds of the Golden Gate sale there in mining properties He is an enthusiast on the mother lode and says there is no other gold vein in the world that compares with it Mr Butts is also interested in a patented tunneling machine that to date has not been tried on that scale necessary to demonstrate whether or not it will do all the work required Mctalft Arc Unchanged i Neither silver nor lead were changed in prices from Saturday to Monday the I close on the New York market be cose ing the same yesterday as on the last busines day of the past week This means 67 cents for silver and 315 for lead I |
