Show iJ j YEE CONE ORE FIND v iid d Full Breast of Ore in the Midway Crosscut I i I j DISCOVERY VERY IMPORTANT j Continuity of the Ore It Proves tho I FE I Body for 750 FeotTbe Purchase Extension Completed hy of Tampa 125000 It of tho it tha Payment I Sold ForPetro ShipmentBing Pr r hnttfc G ConverterMarketing j c Valeo OresChange of Secretary of I t It Exchange Mining Notes i From Superintendent Guenther of t the Yankee Con came at noon yesterday that h k terday the cheerful inlclllsenco h J the Midway crosscut In Humbug i ground recently acquired by lie Inn Se had broken 2fiOfOOQ I i 1cc company for into the main vein with a full breast 1l I of ore exposed In Its face The devel 1 oprneflt the lmportaflt perhaPs has been made by the coinpanh Je I 8ItbOUgh when ho dispatChed the mes oJICCS In this city I sage to the general T no assaYs had been obtained from the 1 I rock The values will take care of J I j Selves of I1 themselveS however The feature o i the development Is the proof it affords Bi I that the ore body between the main I1 crosscut m Humbug territory where forty feet of galena and carbonate OL I 1 lead Is exposed and the ore body In Yankee territory proper is continuous If It be then the Yankee company has i cIJ 14 310 less than 760 feet of ore Upon the fli strike of the vein that must net the I company according to the smelter L record no lessthan 40 per ton President p S j Presi-dent Franklin to whom the news ot 114 the strike came and who was very enthusiastic Lii1j en-thusiastic over it said he estimated tIfi the value of the development to the I 1 company at no less than 1000000 as I there was nothing to indicate that the r body at the Midway crosscut was any I less powerful than that behind It In T I Humbug1 ground Several shareholders I left for camp last night to take a peep at the new ore body 125000 Purchase Completed I As foretold by The Tribune the purchase E II pur-chase of the Yampa Extension of Blng I ham by the Highland Boy Mining company I IiI com-pany was completed yesterday afternoon ii after-noon when 125000 was distributed Il1 among the heirs of the Jennings estate I es-tate the deeds having all passed and Deing men ior rccuru ui jouciv > ocu Tilngs i and his brother Joe who promoted pro-moted the sale divide between them I io less than 25000 In addition to the t I I sums received for their personal Interests In-terests In the properly while the others in the estate divide the balance which was placed to their credit at the Utah Savings and Commercial hank the payment by the Highland Boy passing through the windows of McCornlck 1 Co Petro Shipment With the roads reopened and the 4 I teams at hand the Petro of Blngham I has begun the marketing of ore again r and reported on the market yesterday with 100 ions Assays from this show i as much as 52 per cent lead 75 ounces silver and some gold per ton a product I from which the management cannot I but draw down a fine margin The 4 1 I I shareholders will meet in annual session ses-sion at 2 oclock this afternoon when officers will be elected and the reports I of the management for the past year submitted > I Binghnm C G Converter The plans for the proposed converter S I I with which the Blngham Copper and Gol3 Mining companys smelter Is to be equipped have been completed and or ders for the big machine will be placed within the next few days Sucfirin a tendent Xbttinir who came up from the plant yesterday says he is ready on a I Hash from the Boston offices to begin 4 construction and to rush It through as 1 rapidly as was the main plant In the I meantime he Is sending an average of I about thirtyfive tons of matte dally to the Highland Boy smelter and put I ii ylng 300 tons of crude ore dally through two furnaces that are now in active II commission ii I Marketing Valeo Ores p I The sparring between the manage L rent of the Valeo Mining company oC Park City and the representatives of I the various smelling plants over a mar ii ket for the mining companys low I grade ores terminated yesterday after I noon Jn a contract with the American L I Smelting and Refining company to whose furnaces the entire output will L 1 go Of the ores in question it is I esti mated that between 10000 and 12000 I I tons are now exposed In the mine This Jc Is said will II average 47 per cent cop I per 5 ounces silver and 120 In gold the terms of the contract allowing the management a very fair margin Ship I I ments are to begin at once and lessees and company are looking forward to a I nice 1 piece of money I Exchange Secretary I At a meeting of the governing board of the mining exchange during the af ternoon the resignation of G F Clark I as secretary was received and James Shorten whose painstaking and con scientious work as marker has I com I mended him to the lobby as well as the members made acting secretary The board can well afford to make the I I pointment of the ap I I young gentleman a permanent one as he Is I conversant with every detail attaching to the re Kponslbllity and has certainly the earned recognition Mr Clark the retir ing secretary found It I Impossible to 0 jivc > It the attention it required while charslns other duties with but goes out the esteem oC all who were brought In contact with him I The Haxfield Output The management of the Maxfield Ml I i nlng companys property in Big Cot I tonwnod canyon reports the I ore for another loading of shipment now that the avenue between the mine and smelter 1 has been dried out Coy I Thomas who has proposition long been as oiiated with the said yesterday that litlons con I fjltlons have steauily improved with development and that at present aa much as six tons a day I from arc coming the slopes that afford of KB an average per ton The last lot was set Lien for on controls showing as much as i I fend ounces silver and O pert ccnt Martha Washington Assessed I Martha As foreshadowed the directors of the fLha Washington Mining met company yesterday morning and at 11 clock had called for an oZ3 assessment 3V cents a share or 10500 to become the same delinquent on June Uth I with the sale to fellow on the 28th of that month With the levy proceeds of the in Itr stocking the ot will proceed 13t icklnfr > asttnent once to wipe out entire Indebtedness the oC the and company continue with the the oponing up of vein on the various levels down 5 feet to Mr Pollock and the Tetro In future prospecting for bodies the ore Mnlnrr on thn property of the Toiu company at Tintlc will be 4 er th un PnH V ° InanngiIeiit of Mr James A i oiiock to whom thn management ha Just been as turned over Mr returned Pollock has after careful examination of 1 = = = = T thr territorY of which ho has kong been a eo4 student The announcement announce-ment that he would give the work hla persoflal attten ion however MJis fllinblui enough to start the snares on a pilgrimage that carried them to 111 cont luring the afternoon although but S A wa to be had at the opening cull on change |