Show NEVADA MINES SOLD Montgomery properties Are Purchased Pur-chased by Local People THEY ARE RICH IN GOLD STERLING MINING AND MILLING COMPANY SECURES THEM Purchase Price Said to Be Seventy Fire Thousand Dollars Ibex Payment Pay-ment Made Yesterday Afternoon One Unit Interest In the Geyser Properties to Be Sold Under Foreclosure Fore-closure of Deed of Trnnt Austin Concentrator to Commence Work at Once Developing the Daly West General Mining Xctrif For some days past quiet negotiations looking to the final settlement of the deal which Involves the Montgomery mines near Belmont Nye county Nevada Ne-vada have been on in this city and yesterday yes-terday matters had been satisfactorily adjusted and all that now delays the passing of the first installment of the purchase price is the failure to arrive of I certain papers from Belmont Immed lately upon the receipt of these desirable > I I 1 documents some of which establish the i title to the property the sale will be formally closed and the official transfer I of the group of mines will take place I The purchaser of the mines is the Sterling Ster-ling Gold Mining and Milling company j I which is a Utah corporation made up of Salt Lake and Logan people This company has recently completed and I placVd in successful operation a ten j stamp mill at Sterling some eight miles from the Belmont properties and it is understood that some changes are to be made in the location of the plant as Boon I as the purchase is finally effected The I Montgomery is now equipped with n Huntington mill which is turning out I field bullion in amounts perfectly satis factory to the interested parties On Saturday A H Harding of Franklin O and E A Shattuch of San Francisoo two of the former owners of the properties just sold arrived in the city and have been since making their i headquarters at the Knutsford These I i Kcntlemen came out as representatives i of their own interests and those of the i i interested parties on the sellers side cf the fence and are authorized tn complete com-plete the deal and make the formal trans fer of the properties While none of the poeplo directly Interested In the deal will make public the amount of the consideration consider-ation from inside sources it is learned that the sum which will pass Is 575000 The sale was made through the good offices of Sam T Godbe who came back from San Francisco last week on purpose to assist in closing up the deal It is understood that the Montgomery properties are now showing un extremely jell in gold some recent develotimfnt ha ing opened up a number of splendid ore bodies |