Show PAY FOR BLOCK Of STOCK Michigan Men Show Faith in South Columbus Consoli Consolidated Consolidated I dated Property The South Columbus lumbus l Wedge deal was formally and fin finally finally ally closed cl sed yesterday afternoon when the theMI Michigan MI and local Interests in the Wedge agreed to accept shares of South Consolidated stock for their holdings At the same time the Michigan interests who spent Friday In Inan Inan Inan an examination of the ground bought OOOO shares of South Columbus treasury stock slack for or ro 0 O cents a share cash and left for or home homa last night about as happy a lot lotof loto lotof of o Investors as ever invaded a Utah min mining minIng mm ing camp By the sale of the treasury stock the South Columbus Consolidated for de development development company com pan was provided with or purposes while the treasury still BUll holds shares of stock The Michigan men who came out to close the deal for themselves and asso associates associates elates in case the proposition should ap appeal appeal peal to their judgment were Edward Edard UI LI LIseth seth Thomas Bastian W V Frank James and Charles Chynoweth all of or Calumet The latter was here about two months ago to take preliminary action in the matter and It was largely through his efforts corts and his understanding of the sit nation thai th the deal which means so SQ z much to the Wedge crowd the Columbus Consolidated and the camp of Alta that all alt Interests were brought to together together together gether The South Columbus Consolidated ted Is al already already already ready equipped with board bowd and lodging houses machinery etc and ita Iti it ground has been extensively opened through two tunnels The Wedge ground Is known to carry one of the ledges that has been re relied relied relied lied upon to make money for or the South Columbus and now that the Wedge prop property property property erty belongs to the South Columbus no notime notime notime time will be lost in extending the drifts that are out in that direction right into the ground The South Columbus has considerable ore developed already alread and recently ship shipments shipments shipments ments have been made on some of it I while mill tests have been conducted on some of the lower grade rock These were entirely satisfactory and there Is no question but that the returns on the ore shipped will also prove that the mine Is good for big things when development reaches the proper point |