Show PEYTONS STOCK SOLD Messrs Dern and Airis Increas ing Their Mercur Holdings TWENTY THOUSAND SHARES THAT IS THE SIZE OF THE BLOCK TRANSFERRED Host Important Deal of the Year Great Showing Now Being Made In the Mercur Properties Sliver Surprised the Talent by n Great Jnmp Hlghest Marie Since September Sept-ember Crarvford Mills For Australia Aus-tralia Have Been Completed Change In the Cyanide Process Litigation General Mining News Messrs Dern and Airis yesterday again demonstrated their supreme faith in the future of the properties of the Mercur Gold Mining and Milling company and made an outright purchase of the entire block of stock held by Gill S Peyton at the going market price which yesterday I was 350 to 3623 The transfer Involved 20000 shares and the purchase was made I jointly by the gentlemen named Mr Peyton has recently embarked in a number num-ber of great enterprises entirely without the mining world and it is understood that his desire to part with his Mercur stock was due entirely to his being unable under old conditions to attend to all of the projects in which he was interested with justice to any of them This is the heaviest mining min-ing stock deal since the sale of the 150 0 Silver King block and it I one of the most important of the year The sale of the Peyton stock leaves but about 30000 shares of Mercur In the hands of parties outside of the heavy owners Recent developments in the Mercur have been of an extremely encouraging encuragg nature and the values of the ores taken from the properties are constantly increasing in-creasing until now one of the tunnels is yielding rock which averages from 20 to 30 to the ton The ore bodies are simply inexhaustble and every foot of development develop-ment but further demonstrates the fact that the true worth of this remarkable group of mines has never been even approximated ap-proximated I is full of surprises to even the oldest workers In it It is the intention of the company to do some extensive ex-tensive development work in addition to that now under way within the next few months and the properties are to be opened up to even greater possibilities than has been tho case during the past two months Everything at the new mill is operating with extreme smoothness and the average dally treatment of ores Is from 150 to 160 tons with the monthly mark product value running up over the 50000 |