Show I dj II I t CONTOL OF THE DXIE I tow I in the Hands of the I l I Snyder Syndicate I 1 J J FORTY THOUSAND INVOLVED f Pinal Payment on the Property of L I the Ballarat Mining Company I Bingham Smelter Rapidly Approaching L Ap-proaching Completion HighGrado Copper Ores In Upper Mammoth I Workings Nevada Company Calls for Funds HighGrade Gold Ores 1 from tho Golden Stnr j if 1 j 1i j The examination of title which Is now being conducted by counsel for the purchasing crowd resulting satisfactorily satisfac-torily control of the Dixie group of copperbearing mines together with the smelter at St George this State 0 will In a few days have passed into the hands of TVillard F Snyder and hia associates Indeed tho first payment I pay-ment on the transaction which involves i I in-volves about 510000 and which carries with it the united interests of Dr J C E King Dr Charles M Garrison r and W W Olds waa made yesterday I and that the reminder will be handed out there is scarce a doubt The Dixie group Is held by the St George Mining company which was organized shortly jCter the possession was acquired on a bond upon which the balance of 05000 will mature next February Since taking hold of it the purchasing crowd has taken out sufficient ores to enable It to construct a small plant at8t George and to open up the mine to a depth of 410 feet The ores handled have always been of a grade sensationally sensa-tionally high although accompanying this class are large bodies of silver and lead ore that may be profitably milled and for which provision will probably be made next season I Discussing the proposition yesterday I Mr Snyder said their intention was to open up the group to a depth of at least 200 feet greater than the present I and that the ores may be more economically I econom-ically handled a tramway is projected between the mine and smelter a distance dis-tance of about twelve miles In the transaction the Messrs M J and William liam OMeara retain their original Interest I In-terest and will continue with the new I crowd noUylthslandlng a seductive opportunity to step out entirely With new blood and plenty of money with which to systematically open up the I ground the Dixie should become one of the heaviest producers of copper In the West From the upper levels it has already putout ores oC great value and everything Indicates that the ore chutes continue to great depth Final Payment Made With the final payment or 5000 placed to the credit of the California vendor the Ballarat Mining company L I of which Mr C M Freed of this city is president yesterday perfected Its title to the group oC claims In Inyo county and this morning Charles Freed leaves for the California camp to take active charge Reports that reached President Freed yesterday are of the most exhilarating nature the I superintendent sending word that in the main ore chute he has encountered ore that shows as much as 5UC In gold 31 ounces silver and 8 per cent copper Another strike of equal Importance Is that reported In a new shaft on the group in which there has been exposed sixteen inches of ore which shows a valuation of 31375 gold per ton This Is reported near the grass roots and 1ass work upon It will continue steadily In the same report It Is learned that the health of Mr P J Gelser who made the sale to the company Is very much Improved and that he will soon be In condition to reenter the chase for bonanzas President Freed Is very enthusiastic en-thusiastic over conditions at the Bal larat and expects to have added It to the list of bread winners early next year Progress at Nev Smelter The last lot of structural steel for use In the main building at the Ding I I ham Copper and Gold Mining com panys smelter In the valley was started start-ed from Minneapolis Minneapls jesterday and while it will land on the ground two vceks oft the time scheduled Mr Nut ting the superintendent tng of construc tion expresses the belief that he will wi be able to overcome It The founda I ton for the big stack which Is twenty feet In diameter and in which 50000 brick have been used Is now com pleted and In a few days the rearing of the steel column which w1 therearlnS feet above Its base will begin Mr uttlnff who has Just been visited 1 hy L S Gillette who captured the con I tract for the material Is very much pleased with the progress which has been made at the smelter and will be ready for ores long before the close of the year I II Con Mercur Output The output of the Consolidated Mer Consoldate I cur mines has been swelled ha sweled to over loon I tons dally by George Edwards the 100 < perintendent and It now looks as If the I talc ot It keeping It at or around Unit figure would be an easy one The man agement feels that way at all eventL al and the statement for August should verify every deduction made by Gapt De La Mar on the eve of his departure for the East Local shareholders are anxiously awaiting the allotment awaltnr alotment oC shares under the reissue which will take place as soon a th stock booku have come from the job press Notice of allotment will probably be posted tho present month Nevada Makes a Touch To provide means with which to dis charge the companys Indebtedness tho directors of the Nevada mining com o panIcs whose properties are located nt Galena yesterday called upon the calel tH shareholders for an assessment of 2 u cento a share that under tha the capItal witloh ThIs will put 0183 into the treasury amount It Is understood will rloot wi wipe outalllncumbrance5 H ard hermit the JH LV UUI11Cl tiui CTOUP for which ncsotlatlons aro now pending without a speck Upon its llc 1endlnl figures arc Involved in the deal could not be learned ail culd although they are char acterised ui handsome ones Manager Gardanler who is now Mannrel ground writes that he has a fine qual ity of argentiferous lead ore exposed In no less than three NJ different opcnlneR and that the sale of the olenlngl win be accomplished Is most likely property wi West Mountain Sale I I nAt the sale ° c delinquent stock in > West Mountain Placer of Blngham which took place yesterday afternoon all but 30CO shares of the big l bunch I that appeared under the hammer was I allowed to go back into the treasury 16 In default of the Dcent levy and the coat of advertisement For some of the ot certificates that were surrendered ycu lerday the holders shelled out an much W as H a share in addition I a < il nddlton to 2ft cents i in asse sm intB No proposition cenl a ever launched under aufcplccg snore favorable I I fa-vorable than those surrcundlni West t Mountain Placer f and that Lho gold values roiilutned In the gravel C mlue favorably 1th those of any placer I In Die country there Is 1 not a shadow of doubt The trouble has been with the water which has poured In upon the management In steady volume and with this overcome there IB no reason why the ground Should not be SUCCCES fully sluiced Concerning the SI deal for the stock nothing new Is reported I THE BEARS ABE UGLY r I May Day Again Shockingly Mangled I and Chloride Hit Hard The day on the mining exchungo closed with the I sale of 7SOO shares of stock for 1155050 and with securities generally headed In the wrong direction direc-tion May Day so carefully groomed and selling up tolf a short time ago was literally mobbed and In less time than is reciuircd to tell tho story of the tragedy was dragged lo 11 cents or less than 165000 for n piece of ground that had soft l on a basis of 160000 Along with It went Yankee Con which was hammered to 3i L cents or less than 10000 for the whole while Chloride Point was put down to 5Y I cents with Eagle Blue Bell going at 70 Sunbeam found a market up to 12Y I cents while a single lot of 100 Mercur I brought o70 with 1000 Northern Light going I at 1 L cents Lower Mammoth was an oiiering ilL iirje uiiu uuiy H 0 > at 1768 with the day closing on the following prices Bid Ask Dd I AJarc 0 M Sl 47 Albion 55 lOD Boston Dc La Mar 00 0 3C BullionBeck Or 07G I 00 Bluo Bird Extension R Ben Butler iOW 0151 Buckeye Ol1 02 Chloride Point 04 03 Congor t > Vutucnulul Eureka 5 Daly 123 1MO DalyWest > 17IO 3763 I Dalton i 02h 03 Dalton I Lark 03 o I Dexter Uh s 9 1 DnlJ = y 01 0191 Eagle vt Blao Bell O 70 Emerald 01 Four Aces vJy GeyserMarlon OOa 03 Gafona 01 I g Grand Central 513 D 5 Horn Silver 110 Hometake Oi I ingOt 01V1 02 t International 01 j 11ornntonnl KremlIn 00 Joo Bowers 00A 004 Lower Mammoth 15 4 livs Mammoth 213 213i Merctir 5G CSO fay erlr 15u I8 > X Martlia Washlnglon OJ Manhattan 0011 1 Northern Light 1s I 02 Ontario I 57o ijjj Petro 2li i t 22 = 1 Swansea 390 420 South Swansea lU6 117 Sunbeam 12 13 Sacramento 2 S Silver KIng 1900 D200 SIler Kln1 Star Consolidated 01 10 COlml Silver Cloud W Tesora 3z Utah 5 g Valeo 0 2 West Mountain W ti Yankee Con K 01 Sales were recorded a follows Chloride Point 1500 ot V c Englo Bluo Bell 100 at Oc MaY Day 100 at 50c 1W at 19c J 10 at 4SC ICO at tC c 100 at Hc 2CO at SC IOJ at J2c 100 at 2ici 100 at 4 c ICO at J3Tic Northern Light 1000 at lc Mercur 100 at 570 Sunbeam fiOO at 12c yo at 12tc i Boston Do LJI Mar 2000 at 3lSc Yankee Con 1000 at 3Ic Shares sold iSO Selling value 135050 ON THE CURBSTONE On the curbstone during the afternoon I after-noon 1S50 shares of stock sold for 146375 May Day that had been so mercilessly handled In the pit rallied rapidly with 1700 selling up to 50 to 52 1 I cents Avnlle 10 BullionBeck was cut loose at 3 90 and fifty shares of Grand Central at Sj SHEETS ON TINTIC Another New Strike in the Mammoth Territory Having devoted several days to observations ob-servations underground at Tlntlc Edward Ed-ward L Sheets the broker returned to town yesterday and at once settled down Into a corner among the buyers His flrst descent was at Mammoth Into which he was lowered to a depth of 1900 feet Having measured up the new ore bodies In that part of the property he began to climb and went through one stope after another until a brandnew strike on the 500foot level was reached There he was shown a fine body of copper ore running nicely In that metal with good values In gold and silver while on the 600 a fine quality qual-ity of goods are being broken down and sent to market An equally Interesting In-teresting exhibit said Mr Sheets was found in new workings on old King ground At one point the lessees are taking out ore that shows most sensational sen-sational percentages In copper with gold and silver in considerable prominence promi-nence Fifty feet below the company has opened up the same chute and Is taking out an equally good quality of ore While all these crude ores are coming to market the mill Is being run at full capacity nnd another record rec-ord is promised this month At the Grand Central he was shown magnificent body of ore between the 700 and 800foot levels Ir the workings going north and everything looking most prosperous With the condition of the May Day Mr Sheets was very much pleased He found the management raising an average of about 100 tons a week while a large volume of milling ore is running run-ning along with it Mr Sheets waver wa-ver much pleased with Tlntlc throughout and looks for n new recorl In the output for the year 1300 GOLDEN STAR SHIPMENT Another Lot of High Grade from Gold Mountain The Golden Star of Gold mountain came upon the market with another consignment of gold ore yesterday the controls on which It was turned over to the Germapla smeller showing asmuch as 1335 ounces gold and 23 ounces silver sil-ver or a valuation of 2S1 per ton The lot consisted of seventeen tons as much as can bo conveniently put In one of the small cars that ply between tho southern camp and the market and will be followed at once by another shipment of similar quality With conditions at the mine Manager Ryan Is I very much pleased and that the vein may be relied on for great milling bodies at great depth has already been demonstrated by the neighbors Oro and Bullion In the ore and bullion market yesterday yes-terday the settlements reached a total of h750 divided as follows Commercial National Bank Gold silver and lead ores 2050 McCornlck CoMingo bullion I S3iOOgold silver lead and copper ores 2300 aurocyanldes 3300 T R Jones Co Germania bullion 22900 gold silver lead and copper ores 13000 In the metal market silver ruled at Cl 61 cents an ounce lead n S4 per hundred pounds and casting copper at 15 cents a pound Change in I G W The local management of the R G W companys properties near HornanH vlllo north of Eureka arc congratu lating themselves upon samples of heavily mineralized quarts spar or iron that came up from camp yester day anti while the values are lean everything certainly loolca favorable to an important change The rock waa broken from the breast of the main drift at a point 130 feet east of north l I from the tunnel and the superIntend I ent writes that ho will be under tho I I xiaRsCxp outcrop 075 feet aboe In few days or within the next thirty font I The Indications are excellent according accord-Ing low to the samples and ore should fol Mining Notes I The Grand Central of Tlntic marketed mar-keted seven mOll carloads of ore yesterday I yes-terday Charley Watson of the West Mountain I Moun-tain Placer was in from Bingham yesterday I yes-terday I The BullionBeck of Eureka mar I keted another lot of four cars of ore yesterday The Mammoth came forward with a lot of ore consisting of nearly 200 tons I yesterday Superintendent Channing of the I Highland Boy was In from Bingham I again yesterday The Silver Shield of Bingham came I forward with two more carloads oC concentrates con-centrates yesterday The Unlclo Sam of Knlghtsvllle came I forward with another consignment of ore consisting of seven cars The assessment of 2 cents 0 share for which the Four Aces company Is call ing became delinquent yesterday Watson M Nesblt came In from Tln tlo yesterday morning and reports its properties the season all making a fine record for i Alex TI Tar el of the Tarbet syndicate syndi-cate has returned from the East where he has been giving his attention to personal per-sonal Interests Eugene J Lucc who has been with the Highland for some time has accepted I ac-cepted u position with the Trent Machinery I Ma-chinery company President Broughton of the Highland Boy having concluded his Inspection I of the mines and smelter departed for the East yesterday I Manager Glen H Bothwell of the I Sacramento has returned after a visit I to that Mercur property and reports It giving excellent account of Itself The delinquent sale of stock In the I Hercules of Lion hill yesterday ended with much of It going back Into the companys treasury although the assessment I I as-sessment was but a cent a share Manager Weir of the Ajax and other I properties has gone to Montana where ha was for seal years at the ncad of 101 the gnat Granite Mountain mines with I their record of many millions In dividends I divi-dends The Tesoru sold a carload of copper ore on yesterdays market The lot came from the 300foot level of the property that Is now about ready to I lake Its place among the regular producers pro-ducers Director Larson of the May Day arrived I ar-rived from that Tlntlc proposition yesterday L yes-terday and at once began the search for some of the reduced lots that have I boon exhibiting themselves on curbstone curb-stone and In the pit j Yesterdays receipts at the Taylor Brunton sampler consisted of two cars of ore from Dlnghnin and fifteen from Tlntlc The receipts at the Conklln consisted I con-sisted of seven cars from Mammoth and four from Eureka The La Reines shareholders will gather on Saturday to consider wa sand s-and means for the future development of tho companys Tintlc property Manager Man-ager Conway said yesterday that an assessment was not likely and that there was ytt ome money In the com panys treasury John A Larsen superintendent of the Independence mine at Stalellne aIn a-In town again and reports the shaft on that property now at a depth of 200 feet For sixty feet the vork hag been upon ore showing values In gold and silver and that can be profitably concentrated con-centrated In addition to this some of I the ores disclose a very high nand I n-and the management feels that it Is on I the road to another producer Prom Neighboring States Reno Gazette Charles M Fassetl n former Reno drugglHl has been selected lected by an American company operating oper-ating Immense gold mines nTlng Yan the northern province of Korea to superintend su-perintend the Installation of a cyanide plant to treat the tailings from the mills at the mines Baker City Democrat Another cleanup clean-up was brought to the city last evening even-ing by Minot Austin from his Wlnter vllle placer mines the third or fourth cleanup of the season This clecnup amounts to over 4000 The gold In coarse most of It being nuggets the largest being 60 Mr Austin says the season will continue for two months longer and the output will he Increased many thousands of dollars the total output of the season likely to be 25000 or more Reddlns Is much Interested In a report re-port which has reached there to the effect that the Bully Hill smelter will soon be changed from the POP J03 placers to the old mill site on the outskirts out-skirts of Copper City The rumor is given by the Searchlight for what It may be worth I Is certain that work has been at a standstill on the smeller for several days I la also certain that Superintendent Oxnam and General Manager Cohen had their difference over the site of the smelter Oxnam wanted It where the rumor says It is yet to be on account of the nearness of the site to the waters of Squaw creek Mr Cohen named the Popejay placers and work was commenced Oxnam resigned re-signed Austin II Brown succeeded him Capt Dc L Mar owner of Bully Hill paid Mr Brown a visit recently Within a few days of his visit work was stopped on the construction of the smelter which had just gotten underway under-way and since then Bully Till survey ors have been running lines about the Copper City mlllsllc San Francisco Post t rranclHco |