Show S sale ale of the vl victoria actori a mine mi e ne the recent sale of the victoria mine at eureka a short time ago is commented upon by the eureka reporter as follows some weeks ago these columns contained the first information regarding the big deal which was closed early in the present week and which will mean the transfer of the victoria mining companas Comp anys property to the eagle blue bell people the news of the sale which was made public a few days ago simply states that eastern capitalists who are identified with the bingham mines co among the holdings of which is the property of the eagle I 1 blue bell mine have secured the control i of the victoria company the control of the I 1 victoria about shares in all was held by the J C sullivan estates estate J C lynch D J sullivan and senator reed smoot it is understood that they will receive for their stock 50 cents a share or approximately and that the money will be paid over at once tion of the victoria mine along the same lines that have been followed in the past at least until the installation of the new machinery at the eagle after the new hoisting plant is in operation at the eagle blue belli bell which will no doubt be within the next sixty days it is only natural to suppose that all development work will be handled from this companas comp anys main shaft which is already down to a depth of 1700 feet and which will undoubtedly be sunk to greater depth as the ore deposits are making below the 1700 level IIa manager nager imer pett who handled the deal for the purchasers of the victoria stock is not in position to say anything regarding the plans that have been made for the cevelo development D of the victoria but states that this information will be given out in due time there are a large number of small blocks of victoria cl ck held in tintic gintic and there is no question but that purchasers of the controlling interest in this mine will give wawa V 1 pa 1 ap aa J A 4 A VA victoria mine at eureka utah recently purchased by eagle blue bell interests photo by will C higgins the victoria companas Comp anys holdings adjoin the property of the eagle blue bell and the former is now being worked through a 1200 foot shaft which is located but a short distance from the shaft of the eagle some years ago the victoria development work was handled through the grand central and during thy the two years prior to 1907 the victoria paid a total of in dividends since that time the mine has not paid dividends and the purchase of new territory from the snowflake mining company the purchase of new equipment and the re timbering of the shaft shortly after the work was taken upon the eureka side of the mountain gave the coin company pany an indebtedness debt debet edness of about for the past few months the mine has sent seni out but a small tonnage of ore and the money from this ore has just about covered the operating expenses it is generally understood that the eagle blue bell people will continue the opera these minority shareholders in the victoria a chance to exchange their stock for shares in the eagle blue bell company providing the two mines are to be consolidated and that seems to be the logical outcome of the deal |