| Show i BG EI IN era I Messrs Dem and Airis Purchase a Bloc of Stock 1 el MR BERN AS MANAGER F THE POPJ2BTY EXPORTED TO SB I SPLEineTD CONDITION I I The Highland Boy Sraelter Final I Payment Made For the Site Near the TB Sampler Back Prom Ne I I > raska Pleased With Utah M I eral Exhibit at Omaha Exposition i Brokers at Sea Application of i War Revenue Tax Causes Some Confusion Joe Bowers No 2The Gold leaf The Wa Revenue Tat Ta-t Ore and Bullion Silver and Lead Mining Notes i A big deal in Dexter was consummated consummat-ed in this city yesterday being nothing less than the sale of a big block of the stock of the corporation comprising the holdings of the ellknown law firm of Ellis Dickson Ellis being be-ing taken by Hon John Dern and E H Airis of the Mercur company while J S Lakin and his associates in the OD tion on the stock take the remaining shares the price paid being 125 a share In certain circles ft has been known lor some time that the deal was on and that the stock had teen tied up on an option the closing of the transaction transac-tion being delayed until after the return LI home of Mr Dern from Nebraska The transfer of stock however was made trser yesterday afternoon besides which several sev-eral blocks of floating stock were picked pick-ed up and as Messrs Den and Airis were previously quite heavily interested in the company I will be seen that the consummation of the deal and the taking up of the bond will place them in the position of being largely identified with this valuable val-uable Nevada gold producer and it is understood that an effort will be made to have Mr Dern assume the management manage-ment of the company and his appointment appoint-ment or election to this position would doubtless give universa satitfaction to the shareholders of the corporation and the public at large The Dexter from all reports is certainly cer-tainly the making of a great dividend payerg and those who have visited the I property of late state that its h sic I condition is very flattering with main I moth bodies of good milling gold ore insight in-sight while in portions of the mine deposits de-posits of high grade ore have been l exposed ex-posed the estimated value of which will run up into many thousands of dollars while the new stamp mil which is first class in every respect is being operated op-erated in a most satisfactory manner and at a high percentage of saving the cyanide plant also yielding handsome retuns the combined workings of the two mills practically saving all the metallic values in the quartz Dexter stock was in active demand yesterday afternoon when it began to be whispered on the streets that the deal had been put through and it was wanted before the close of business at cos 131 and even higher I TH HIGHLAND BOY SKELTER Final Payment Made For the Site Near the TB Sampler Yesterday Thomas Weir for the Highland Boy Mining company operating operat-ing at Bingham made the final Day meat and took the deeds out of escrow for 65 acres of ground which Is to be vfaed for the site for the smelter which the company will soon erect for the treatment of ores from the Highland Boy mine This is a very desirable piece of land and Is located about 1000 feet south of the Taylor 8 Brunton sampling samp-ling works at Pallas station a few miles south of Salt Lake City The plans and specifications for the smelter have not been completed as yet a Mr Weir states that it Is better ito i-to make desired changes and alterations altera-tions of the works on paper rather than after the plant is under way or after it has reached the stage of completion but he is sanguine that everything will be complete as far as the plans ae concerned within the next two or three weeks and that then the vork of excavation exca-vation for the foundations will begin when the work of construction will be pushed as rapidly as possible In referring to the mine Mr Weir stated that tunnel No r had just been started the si e being loT feet vertically verti-cally below tunnel No 6 and he also informed a representative of The Herald Her-ald that in tunnel No6 at a point 700 feet from its mouth crosscutting had begun and that the showing of mineral was all that could b desired During the meeting of the International Interna-tional Mining congress next week the company will set a day apart for the entertainment of the visiting delegates and it Is believed that a large number will avail themselves of the opportunity of visiting this great copper property which without doubt and from all indications in-dications will be a formidable rival of the wonderful copper producers of Montana Mon-tana and Michigan On the occasion of this visit it is proposed to have the workings of the mine illuminated by electricity BACK ± ROM NEBRASKA Pleased With the Utah Mineral Exhibit Ex-hibit at Omaha Exposition Hon John Dern president of the Mercur and GeyserMarion Mining companies who returned home Thursday Thurs-day from quite an extended visit to his old stomping ground in Nebraska informs The Herald that he had a most pleasant time while away barring the heat and mosquitoes but that he was glad to get back to Utah again where the air Is bracing and where one will not sweat the starch out ot his clothes while sitting in the shade In speaking of the condition in Nebraska Ne-braska Mr Dern stated that the crop outlook a excellent and that farmers of the state were happy and he adds that It was a pleasing sight to look over the many fields of growing and ripening ripen-ing grain the area of prolific farming lands extending over whole counties and practically all over the state During his absence Mr Dern visited I the Omaha exposition and he coin tides with others in the statement that this is a great enterprise and calculated calcu-lated to do much towards attracting attention to the < alth of the region west of the MitfiPoippl Mr Dem spoke especially of the splendid exhibit of Utah minerals at the exposition and he say that Messrs Maguire and Whittaker are doing excellent cellent work in attracting the attention atten-tion of visitors to the wonderful and varied mineral wealth of Utah as the exhibit Is tim observe of all observ ers and is the best ditplay In this line at the exhibition The Utah state exhibit of agricultural products la not yet computed but it Is expected that It will soon be expects quite a Nebraska atr Dern expect Nebrka contingent at the mining congress next week and much of his time will betaken be-taken up In tlieir entertainment and also with his official duties in connection connec-tion with the congress Mr Airis Mr Dern states will not return home for two weeks Jet Since Mr Derns return he has been a busy man a he has taken In quite a R large block of Mercur stock besides which he has purchased heavy inter I ests in the Dexter mention of which is I made elsewhere in these columns BROKERS AT SEA I sETh sE-Th Application of the War Revenue I Tax Causes Some Confusion Discussion was rife on the floor of j I the mining exchange yesterday the topic being the war revenue ta which had just gone into effect its application I applica-tion being as variously construed as I there were brokers in the pit the result I I being that business was somewhat curtailed cur-tailed although some trading a indulged I in-dulged in Still there is no doubt but that n full understanding of the provisions provi-sions of the bill will be arrived at within I with-in a few days when business will progress pro-gress as smoothly as of yore Before the opening of the call the governing board met and passed a resolution I res-olution which will govern transactions nnder the new law the text of which is i gIven elsewhere in these columns In the listed stocks but little a done in the way of sales and yet quotations quota-tions were fairly well maintained the investment securities standing the strain of the new order of things better than the cheap and speculative stocks the latter being hard hit taking such shares as Northern Light for instance I In the boarded stocks Eagle was the only security to pass muster and to chronicle a sale while to Ed Sheets and I A S Day were recorded the horor of making the first transfer under the I provisions of the war revenue bill In the unlisted stares Chloride Point was a favorite tax or no tax and the brokers traded in this security to the extent of 400 shares at 911 cents Richmond Rich-mond Anaconda also disclosed con siderable activity while Sunbeam was not at all slow although it changed hands at quotations below the figures of the previous day Swansea advanced ad-vanced to 5213 in the bidding South Swansea going lower than for many months past Golden Gate Extension made decided gains ant closed strong at 91 cents bid and 20 asked Th transactions of the day were a follows SALE OF STOCKS 1000 Eagle at 5 cents 1 400 Chloride Point at B1 cents 2500 Richmond Anaconda at 5 I cents 1500 Sunbeam at 1 cents SCO Sunbeam at l14 cents CO Sunbeam at11 cents The closing quotations were a follows fol-lows CALL OF LISTED STOCKS I t I E i I NAME OE STOCKS I 1 I i 1 Anchor 25 j 75 AJax 30 i 35 CenteunalEureka BullionBeck I 3300 3fo i i 4000 ILlS I Daly 70 1 8 I DulyWest I 375 4T Dalton Lark Op WVi 5ogae 05tI 07 Egie oJ 0 Four Aces j5 03 n j I Gey hcrMarlon 75 I 39 I Gnioiiii 5 i G Grand Central G95 I 72 Herschel I 10 Horn Silver 117l 142V6 I I Mammoth th7J t lSO I Merour GSO i l 700 I Northern Light 014 0 Ontario 300 I 450 I Sacramento 61 I 6 Sunshine 1 2 I I Silver King 1 10l 2500 Utah 1 45I r 1 I I CALL OF UNLISTED STOCKS I I > g NAME OF STOCKS r I I I Chloride Point 91492l l Swansea 2A5 25 South Swansea 110 i 115 Richmond Anaconda O I OS I Golden Gate Extenson o 1 20 Columb I dg i Dexter 115 i Valeo IS I 21 I Creole 27 Sunbeam 1O74I 14 Omaha 2 3 1 I Little Pltsburg 03 0 Dalton I Emerald i Homestake 011 07 I Buckeye 04 Dividend Paying and Investment Invest-ment Mining Stocks W E HUBBARD CO TEL b05 16 W 2d So St Bowers No2 I Tintlc Miner Manager Stallings and Secretary Smith of the Joe Bowers Mining company were in Eureka on I Wednesday and paid a very pleasant visit to the Miner office The gentlemen j 1 gentle-men state that the development of I ther property at Diamond is progressing i progress-ing srery satisfactorily and announce anew a-new strike of high grade ore in the drift on the 250foot level Samples of the ore indicate that the Joe Bowers I is going to be one of the big things of I the south end of Tintic Over 1000 I worth of the treasury stock of the j I company at 5 cents a share was placed I here this week Secretary Smith left yesterday for Salt Lake to arrange for the immediate shipment of a steam hoist which will be an exact counterpart counter-part of the South Swansea With the arrival of the machinery the development accelerated develop-ment of the property will be greatly The Gold Leaf Leo Grow who is in from the Gold I Leaf mine on Golconda mountain the head of Kesslars canyon West Mountain district is feeling very much encouraged over the splendid showing In this property the splendll having been run In on the vein distance of 40 or 50 feet the face disclosing a four foot body of excellent leaching gold ore the deposit being between well de fined walls Mr Grow is of the opinion that the Gold Leaf will develop into another Mercur proposition as the ore exists in what appears to be ablanket vein the dip of the deposit being about 20 degrees de-grees greesork Work is also progressing in the Grow mine In the immediate vicinity The tunnel in this ground is now in a distance dis-tance of 400 feet and the company is now considering the advisability of the erection of a mill The War Revenue Tax At a meeting of tie governing board i of the mining stock exchange held yesterday I adopted yes-terday the following resolution was Be I ordered that the seller of any I stock shall pay the internal revenue I tax of two 2 cents per 100 face value together with the memorandum tax I of 10 cents on each sale I And It Is further ordered that the I delivery of a certificate in the number of shares sold in board lots properly I j endorsed and witnessed shall consti I tute a legal delivery of stock provided i that a special lot may be delivered In special amount as sold Should the buyer demand the stock in his own name then he shall pay Vae j fee of five 5 cents for 100 face value j I for the transfer of the stock on the books of the company II Silver and lead I The silver and lead quotations yesterday yes-terday were as follows Bar silver 5S cents Lead brokers 375 Copper casting 1050 Ore and Bullion The ore and bullion receipts yesterday yes-terday were as follows McCornick Co ores 7550 bullion J37S5 T R Jones Co ores 8700 bullion bul-lion 7200 I Mining Notes and Personals E O Lee of the Dexter and Four I Aces has returned from a business trip eastA I A car of Utah ore is being loaded at the mine and will soon be on the Salt Lake market I R Wagner general agent for the Globe smelter is in ths city on business for his company Captain J R De Lamar and Manager l enga1 H A Cohen of the Golden Gate went I out to Mercur yesterday H H Green of the Cuba at Bingham has returned from the mine which he states is In a most flattering condition condi-tion tonI is learned that Captain Wilder the veteran superintendent mining man was sUerntend ent of the copper mines near Santiago de Cuba at which time the workings had reached the 1400foot level The Golden King mill near Mountain Home Ida is treating about 20 tons a day with a recovery of 90 per cent of the gold values Messrs Dodge and Cook of this city are interested in and1 property I Ollie Young is In from Deep Creek bringing with him samples of ore from the mines and prospects of Clifton district dis-trict which will be placed on ahibition at the mineral display being prepared for the Mining congress The death of Ed X Kirby in Los Angeles An-geles as announced in Associated Press dispatches will cast a gloom over mining min-ing circles in Utah as Ed was popular wherever he went and was well liked and thought of throughout this intermountain inter-mountain regIon The Gibbonsville correspondent of the Recorder of Salmon City Ida says A rich find of free gold ore has been discovered dis-covered by Billy Ferrell who has located locat-ed claims in the neighborhood of the Bull of the Woods Those who have j visited his locations and seen the ore pronounce I very rich and a veritable bonanza I Charlie Ford who has charge of the I erection of the Overland mill was in the city yesterday Mr Ford states that work is progressing nicely in the erection of the plant and that it wlll I without doubt be ready for effective work within the specified time Work is also piogresfJng nicely in the development devel-opment of the mine The Sac Mining company operating in Pine canyon Tooele county will have a fine display of ore from its mine at the exhibition being prepared for the Mining congress Some very satisfactory satisfac-tory assays have been received of late from ore brought in from this property and the management is well pleased over the future outlook Messenger Pioche Nov This week Thomas and J Davis commenced work on the Full Moon mine situated three miles west of town They have u nine Inch vein of high grade leadsilver ore to commence with and expect to make regular shipments in the future The I property formerly belonged to George B Vanemon who disposed of a two thirds interest to the above parties I Lode De Lamar Nev We understand under-stand that Thomas Shannessy the oldest old-est engineer at the De Lamar mill has resigned his position to take effect as soon as his place can be filled Mr Shannessy is a firstclass engineer and a gentleman well liked by all his acquaintances quaintances We are sorry to see him leave the The oldtimers camp oldtmers are I pulling out by ones twos and threes until one knows only about one out of five as the men congregate on the streets in the evening |
