Show SALE OF IDAHO GROUP Blackbird Company Here Buys the Uncle Sam THE PRICE WAS 60000 Con Mercur Directors Hold Their Pirst Meeting Golden Gate linking lin-king its Final CleanTTp The Sil ver Kings West Oro Bodies are Great Chloride Point Election The ATaleo Leased Complaints of Wash Sales Cheerful front tho Petro Iiliniug1 Notes With yesterdays payment of 550000 through the banking department of tho Utah Savings and Trust company of this city the Blackbird CopperGold company with general ofllccs In tho Dooly block became the owner of tho Uncle Sam group of mining claims In Blackbird mining district Lcmhl county Idaho the vendors consisting of Hon W 0 S McCornlck of this cHan cH-an James O Swlfcof Idaho With tho purchase of tho Uncle Sam which Js located about thirty miles north ot Salmon City the company has acquired ac-quired possessions embracing no less than forty claims In the heart ofn district that has Improved with every ttruch of giant and In the grouping of which It has expended as much as 250000 In addition to about 70000 In the further development of ground to which Its nttentioii has been drawn These various groups consist of the Brown Bear tho Klondyke the Eliza Canadian Girl and Buckeye In addi Hon to the Uncle Sam and In each Is 1 now exposed said an ofllcer of the company yesterday most gratifying I bodies of ore The Uncle Sam has I be opened up with two tunnels In the upper which was driven in on the 1 strike of the vein the first chute of ore encountered at a point 125 feet I below tho surface and followed a distance dis-tance of about seventy foot the ore I body varying from three and a half to four feet in width and affording an average of 10 per cent copper and 10 gord per ton In the same avenue a second chute of ore was opened up and has now been followed a distance of eighty foot on its strike the dimensions of the body and the values corresponding correspond-ing with those of tHe first At a point 200 feet below the upper tunnel the llrst ore chute was opened up by a lower one At this point the measurements measure-ments show 0 niuch stronger body of ore and Increased values in copper and anc gold While the No 2 ore chute has I not been Intercepted yet the tunnel Is i rapidly approaching It Upon the Black Bear group a ledge 100 feet In width with ores that average 35 percent per-cent copper and 2 gold ha been opened up while at flftyuvc feel In the shaft upon the Ella a fine body of ore that shows as much as 15 per cent copper and 10 gold per ton has been encountered Indeed the showing throughout is a most favorable ono and the campaign oC development which has been outlined promises to place the proposition among the most productlve in the West The Blackbird company was recently 1 re-cently organized with Dr p A H Franklin as president John E DuBoIs Du-BoIs tho millionaire lumberman of DuBois I 1 Du-Bois n vicepresident Charles J North a prominent capitalist of Buffalo Buffa-lo N Y treasurer and M G Gilbert secretary and general manager AArlth these officers Carl H jTowIer 0few York constitute the board of directors CON MEHCUB DIRECTORS J First Meeting Ratifies Acts Heretofore I Hereto-fore Done The Final CleanUps I Tho directors of the Consolidated Mercur GoldOIInes company held their first regular meeting yesterday afternoon after-noon at which time the copy of articles arti-cles upon which the new 5000000 company com-pany Js founded were read and the officers cers and directors designated In them approved These consist of Ilartwig A Cohen president John Dern vice president George Darn treasurer and AVIllIam H Cunningham secretary With the excpptlon of Treasurer Dern these officers with John IJoimrlch of this city George H Bennett of Mor b cur W B Meacrvc of Boston and Frances D Pollock of New Jersey J 0 constitute the board of directors of the consolidated company Exit the Mor cur Gold Mining and Milling company company ditto De L Mars Mercur Gold Mines The management of the Golden Gate or De La Mars bonanza is now making I the final cleanup aurocjatildcs Tho dust will be dumped into the refinery re-finery and reduced to gold bullion will ba dispatched In that form to the mint Just how much its owner has earned from the proposition since the leaching of its goldbearing ores is JL secret which has never been developed although it has been variously estimated mated at from 75000 to 5110000 gross per month The Mercur as an Independent concern con-cern concluded Its final cleanup of auroeyanldcs yesterday Us dust to reach the vaults of the express olllce In this city tonight and las Into tho sampling rooms of the American Smelting and Refining company tomorrow to-morrow The curtain will then be drawn and the final dividend consisting con-sisting of the balance In the old treasury trea-sury made about August 20th Since the launching of the company and the milling of its ores began the Mercur has produced 132502 pound1 net of gold dust qf the value of about 3125000 the value of todays lot having been estimated Of this sum the shareholders share-holders have received IGCOOO in dividends divi-dends with the farewell to be added this month The Initial dividend waa distributed September 1 1893 At that time the stock of the company which had first begun to develop a market was held by seventeen persons These I included John Dern E II Alrls Gill S Peyton Hal AV Brown J H Hedges Robert A Somcrs John Ileimrlch AV S Brown Robert Bridge Jr Mrs Ida Brown Frank FOwler and J E Dor sey of Nebraska G 1L Olds and Helena J Walker of Salt Lake R L Scanncll of London and Charles A Henry of Ogden Tho investor was not long In recognizing a good thing however and I when the consolidation with the Golden Gale was decided on the stock wa decldel wan divided between nearly 400 persons 1 John Dern Ed Alris and John Helm rich have each remained upon tho golden stair from the first and each has reached the top to revel In the presence of r fortune Now that tho consolidation has been perfected the hew stock books will be ordered by the company and the allotment al-lotment of shares among those ontlllod to them will follow The listing of the titock on the London cichange will also take place In short lime and tin career prthu new company should be a moat gratifying one < I Ore and Bullion Settlements In the ore and bullion market tho weeks settlements receded to 2S9U74 as compared with S33220G for the previous pre-vious one I was not very difficult said an ore buyer yesterday t find a cause for the shrinkage Just aa alt and Just as vigilant aa the buyer the J Jcod producer with tho strlklnir ad J vance In the price of that metal on the New York exchange which advances ad-vances must determine the settling price In Salt Lake during the week beginning August fith scented an advance ad-vance at home and at onco tho market 1ins 1 of lead l ores was curtailed Tho result was seen In very light shipments I the remainder of tho week and the r provoking loss in the total as compared com-pared with the previous one I io cx r I pccted that the settling price for tho I new week will be at 4 or better under I tho American Smelting and Refining companyH rule which Is that the average at which tho metal ruled on the New York exchange for ono week shall determine tire price throughout the next Yesterdays oettlcmtints were cut down to S3CS75 divided aa follows Bambergcr McMillan Gold silver and lead crew H75 Commercial National Bank Gold silver and lead ores 3000 T R Jones Co Gormanla bullion 17100 gold silver lead and copper ores 13iOO In the metal market silver ruled at 6074 cents an ounce lead at 387 per hundred pounds nhd casting copper at 15 cent a pound 1 THE WEEK IN STOCKS Somo Favorites Gained The General List About Stationary Tho week on tho mining exchange closed with the transfer of 737G3 shares of stock for which 3195185 was paid and with not a few of the favorites In improved condition DalyAVest was a striking example of this Selling at 1715 at the weeks opening It brought 17 95 at the close while Mammoth that sold down to 205Vi at one Interval I Inter-val during tho run rallied and was eagerly sought at 215T216 yesterday yester-day Lower Mammoth with Its wind shut off by an accident at the Mammoth Mam-moth compressor was eased down to 49JA cents by the scalpers while Mer cur with a final division of its treasury trea-sury balances due in a few days moved up to 5iJO bid although but 5lS was to be had at the opening Grand Central with future dividends still undecided was weak and while on Thursday It sold up to 013 It was shoved over the mahogany yesterday at 5S0 with but 572 bid at the close Sacramento proved an active card and advanced I rapidly from 22 cents bid on Monday to 28 paid for it at the close May Day I kept Its adherents in hot air throughout through-out the week and while they made a heroic stand its fluctuations were wild 1 and from 91 cents it had sunk yesterday yester-day to 69 cents with only GS to bo had at the finish Ajax so long neglected 1 neg-lected tiM business at 33 > Ai21i cents and Swansea up to L02Vit with South I Swansea showing some activity at the eleventh hour and selling up to ll5t Araleo was flattened out and sold down to 12 cents with news concerning tho shutting dqvn of the prospect while some business was done In Galena ofFish of-Fish Springs at very loU prices and in Ben Butler around a cent The finish was with the sale oC 13 ICO shares of stock that brought 3593562 and on the following prices folowlnS prces Bid Asked Ajax 1 Uvi Albion 100 Alice V 100 Boston Do La Mar O O I BuIllonBccTi 3GO 0 BlUe Bird Extension M Bunker 11111 i 02 Ben Butler OU OlJi Chloride Point 05 = Congor olrt 53 Centennial Eureka i E O 2o00 Daly 103 150 DilyAVcst i 17S5 1SOO Dalton V itCVl 03 7 Dalton c Lark 04 > j 07 Dexter > iG7 95 Daisy 0 e Eagle OlVi Eagle Blue Boll 76 81 Emerald i 0 05 I Four Aces 02j GoysorMarlon 02 05 Gajena 034 < 07 Grand Central 572 61 l Golden Koclo o 01 KM Horn Silver 110 Hercules 00 Ingot 4 01i Kromiln 0 Job Bowers 02i 03ii Joe Bowers Extension OOV4 Olfc Llttlo Pltlsburg OOj OOJi Lower Mammoth 5 CO1 Little Chief 01 05 Mercur j r 575 Mammoth 21 Ui 215 Mu > Duy 6 COTA Martha Washington 0 Olr Manhattan 004 Northern Light r 02i North Swansea 01 Ontario CG21A u75 Pctro 10i 21 RichmondAnaconda 12 I Rabbits Foot 01 R G V 02te f2 Swansea 305 401 South Swansea 11351 IIGA Sunbeam 10 11 Sacramento 2 2 Silver King 4GOO Star Consolidated r 311 Showers Consolidated 15 Slyer Cloud 03 Tcsora 0 Totro 00 f Utah 40 y 0 Aralco 12 13V4 West Mountain 01 Yankee Con QCi OS Q OSY salcs wore recorded as follows Ajax 1r II Ie 10 at 4 2c DaJ West G at 175 Daisy J at lrclt at 1 Grand Central 10 at 55SO Lower Mammoth Ont SOc Mammoth ICO at 1JIO at 2161 May Day 100 at 70c 100 at 6fC Sacramento 1000 nt 2Sc 500 at 27c South Swansea 3 at 115 100 at 1l 100 At 115 Yalco O at 13c Ben Butler 1COO at Itfc Llttlo Pittsburg 3 < X0 at 8c Shares sold 134W Selllncr value K935C2 I IN THE AFTERNOON On tile curbstone during the afternoon the register denoted the sale of 4150 I shares of tock for 3569 DalyWest which has been steadily moving forward I for-ward sold vt lS02y at which H urea ure-a lot Qf 100 changed hands while I second sec-ond later fifty shares sold at 1805 A bunch of 500 May Day was shaken from the lowhanging limbs of the old favorite at 70 cents while another 1000 Sacramento wus drawn in at 2S with 300 Ajax cutting loose at 43 cents Two thousand Northern Light found a ready market 23g cents with an assesument of 2 cents weighing It down while 500 Valco was carted off nt 11 SALES OF DAY AND WEEK The days sales between pit and curb amounted to 17910 shares of stock that brought 950JG2 The weeks sales reached n total of 112915 for which tho investor paid S65S7 u Complaints of Wash Sales Complaints oC wash sales in the pit having piled up until the governors oC tho mining exchange were unable to longer Ignore I them that body went Into session ImmedIately the call was ended yesterday and summoning several sev-eral alleged ortendere notified them thatthoreafter the penalty provided for such shockingly unprofessional conduct will be unsparingly Imposed The ac oused agreed with the governors ihat I such offenses ought to be severely dealt with but to convict Is going to be a troublesome undertaking While the laundering of stocks was under consideration consid-eration the attention of the board was called to the fact that the rule govern ing commissions was also being reck lessly violated and a similar warning I to offenders was posted warnlnf ought not find it very difficult to reach I a conviction upOn complaints of wash hug I Is usually very coarse and men have been hung on circumstantial evidence l evi-dence a Silver Kings West Ore Bodies In tho extreme western worklngs of the matchless Silver King at Park City the ore bodies have responded with such readiness to the blasts of giant sId Manager Thomas Kearns yesterday jcsteru that in magnitude they are to be compared com-pared with those of any other portion orlon of the great vein while tho values are better as an average than any previously I previ-ously encountered To Just what heights helghts they have rlsrn the management de dined to disclose at this time but It Is 1 said of them that they are not far from the sensational while the volume of ore I Is no less than astonishing Of the tramway which spans n distance of I I 7200 eit and which affords the com j direct connection between the bonanza pany diret connecton nanza and the railway It Is said that an effort will be made to complete It within the next four months when the I output will no doubt be materially Increased In-creased Indeed Manager Kearns nor President Keith have rarely appeared 1 I I as enthusiastic over the general con dillon of the bonanza which means I I more than tire ordinary improvement J CHEERFUL FROM THE PETRO 1 i Fivo Feet of Ore Eighteen Inches of I I it Rich Galena Glen R Botliwcll came in fronA the properties of the Patro Mining company com-pany at BIngham yesterday with 0 most cheerful report on recent developments devel-opments that Include among others i the disclosure offno less thonf fvO f feet I of oro on the lowest level Of this amount there arc eighteen inches of solid galena which carries from 55 to sold carres CO per cent head with the usual amount j of sliver while the remainder of the I breast affords an average of 25 percent per-cent lead with a small amount of silver sil-ver The superintendent assures Mr Bothwcll that by putting two tons of I the secondchips into one of concentrates concen-trates for which facilities arc offered I at the Dewey mill in BIngham can Iron I-ron he can turn over n handsome margin to the company This ore is i encountered at a depth of 1200 feet I from the surface and the chute looks strong ton An equally gratifying change Is reported re-ported In the drift which Is being run to get under the ore body which was i followed to a depth of 4GO feet In the I old Incline from which the management manage-ment was driven by water and where I thirty inches ot solid galena was left i exposed The drift will intercept this I body at a point 500 feet belo v the bottom of the Incline and as the ground is now relaxing Mr Bothwcll I believes this chute Is being neared Certainly the outlook Cor Petro Is very much Improved I THE WEEK AT BINGHAM Good Activity and Results are D Valuable Output The BIngham Bulletin In Its story of the week says all of the Shawmut mill I machinery Is in place and connections are being made the electric power being be-ing already connected up Several pulleys and wheels were broken In transit but duplicates will bo here by Monday and a week later the mill I should be ready to go into commission There are 10 tons of ore on the main shaft dump all there is at present I room forand upward of 3000 tons out at the U and I I The Little Cottonwood tunnel expected I ex-pected to tap the Jersey Blue lode at i J100 feet Is now In 1000 feet I Is running run-ning In n cross vein and following a varying body of milling ore carrying I streaks o high grade Returns were received this week by Power Jones on the last shipment from their Black Dog Red Wing group lease the crude carried 59 percent per-cent lead 15 ounces silver and SO cents gold and concentrates 50 per cent lead 12 ounces silver and SO cents gold per ton with Iron in excess of silica Red Wing Extension is now giving cheerful promise of becoming a producing pro-ducing mine Manager Ed McCarrlck who was out from the city last Wednesday found the property showIng show-Ing much better than at any lime since work was begun I Is being developed devel-oped in three places the best results thus far obtained being by a tunnel running south from Freemans gulch Petro bins are full of n good quality of load ore which will probably beheld be-held Indefinitely unless there is improvement im-provement in quotations The tramway Is still delivering fifty to fiftyfive tons daily from tho Neptune Nep-tune Lot Is nov nearly all down and foots up close to 1POO tons Silver Shield has n lot of about 100 tons of secondclass ready for hauling haul-Ing to Rogerss mill also forty to fifty tons of crude awaiting shipment Louise S company shipped a test carload of St James ore yesterday and has plenty of the same grade ready for stoplng Bemls Jensen yesterday began shipping Jig concentrates from their Silver Shield dump lease Standish Jlmpson Co is hauling to the depot a twocar lot ot firstclass from Ilolsten Becks Old Jordan lease Rogcrss mill Is running steadily on oro from one of tho Old Jordan dumps A small lot of heavy lead ore was marketed this week from the Giant Chief Two carloads of oro from Fred Lewiss Red Wing lease reached market mar-ket Monday A car lot of ore from the Old Cora man del Phoenix group went out Wednesday < Twentyseven teams arc employed hauling concenlrales from Fortune mill to Sandy Dalton Devor will today begin sending down a carload of jig concentrates concen-trates from their lease Iso of the Valeo As exclusively announced In The Tribune the properties of the yahoo Mining company at Park City have been turned over to John C Boyle who has served the company for so long 0 time as foreman and four associates asso-ciates who are equally experienced miners mi-ners The lease coVers a period of six months with tIme privilege o extending six months longer should the lessees I desire II and secures to the company n royally of 10 per cent on all ores produced pro-duced and marketed by them Manager Kearns who arrived from Park City yesterday said after verifying the report re-port of the lease that he deemed It thowlser course to consent to the lens Ing l of the mine us the company has been operating at u loss while the gcn tlomen who IJOVP taken hold of It are among the best miners In the district and contract to work five men continuously contin-uously A small amount of ore Is exposed ex-posed at several places In thC property said Mr Kearns and he hopes to seethe 1 see-the lessees develoo the bodies that have thus far eluded him Sunshine Records The books and records of the Sunshine Sun-shine Gold Mining company have beon turned over to George F Sprague the receiver who will now prepare a report re-port upon them and submit the same to the District court I was said yesterday yes-terday that one of tho most prominent mining men and metallurgists In this country has signified his willingness to take hold of the companys property should the ore bodies show an average valuation of 4 per ton and follow it up with the erection of n mill of 1000 tons dally capacity When the original plant was In operation and the proposition proposi-tion was being exploited ns a second Mercur It Is said that no trouble was experienced In gelling a better aver ago than Si 1 and that some of the ore afforded as much as 15 per ton Until Un-til a careful sampling of thc ore bodies is 1 authorized by the court however such n thing aa putting the proposition proposi-tion into active service again must be delayed Chloride Point Shareholders The shareholders the ChlorldoPoint Mining company whose mines and mill are located on Lion hill met In special spe-cial session yesterday afternoon when IF AAr Brown was madi president GillS S Peyton vicepresident G A Diin can general manager Harold Duncan secretary and F H Mills treasurer The some persons will serve the company com-pany as directors for the ensuing year jear There wero no annual reports pre sented at tho meeting the officers J pleading in the absence of them the I fact that Mr Duncan the manager manogr was unable to get back from tho East in time to prepare u report Mr Pay ton > however gave out thC assurance that the mil was now running most satisfactorily and that the ores showed an Improvement In quality Since repairs re-pairs at the plant regular shipments of dust In which tho white metal predominates I dominates are being sent out the next to arrive on Wednesday next Cap De La Mar Departs His labors at this end of the line I completed Capt J4 R Do Lar Mar accompanied by his pretty daughter 1 I Alice her governess and nurse will depart for New York today and in a i short time continue his Journey across j the water With his various Interests in the West the CaptaIn leaves very much pleased Two new properties I the Gold Mountain and Lucky Boy of California will have been added to those that arc now emptying their I stream of wealth into his purse before I the end of the year and with these I equipped and under the management of Hartwlg A Cohen it is said that the Captain will seek n rest and take I less active part In the future operation opera-tion of his bonanzas That his achievements achieve-ments justify his retirement to n life I of case IB something In which all those who havo watched his energetic career will rejoice Tintic Operations The Tlnllc Miner says The condl Lions at the May Day certainly do not Justify the recent slump In the lock and the Salt Lake brokers who claim the mine is not worth the price at I which the stock has been selling know nothing of their subject The development develop-ment work Is constantly opening up new and rich ore bodied and already I i I there Is enough ore In sight lo keep a large force busy for many months From Silver City comes the report that a crosscut on the 375foot level at the Tcsora has revealed Ix feet of copper ore that with a little sorting will net a good margin As yet the foot wall Is not in evidence and the vein will prove l strong one Operations have been Impeded by a strong flow of water The foundry at the Eureka Hill mill started up this week The strong room Is pretty well filled with crude bullion from a five weeks run which has yet to be refined and melted Into bars I Mining Notes The Centennial Eureka came forward with eleven carloads of copper oro yesterday yes-terday Superintendent Donnelly of the Grand Central has returned to that Tintic bonanza The Carlssa of Tintic has just marketed mar-keted twentysix tons of oro that show splendid values In gold The recent lot of ore from the Blue Jacket of Idaho was sold on a basis of 26 per cent copper per ton The Dixie of St George is hauling another carload of bullion to the loadIng load-Ing point at Modena and will forward it I the present week I The receipts of dust at the gojd sampling sam-pling looms tho pat wccc were reduced re-duced to S75 pounds of which about half contained silver Manager William Hatficld of the Black Pine In Idaho has turned from the companys camp and reports everything every-thing In most satisfactory condition AAr F AVIlllams manager of the Illinois Illi-nois BIngham is In the city again asam while Parties from the East who recently re-cently signified their willingness to Join him and his associates are sampling sam-pling tIme property A telephone message from TIntJc yesterday yes-terday brought news that the vein had been reached on the WOfoot level in the Shoebrldge Bonanza connection having been made at a point seventy one feet from the shaft The Tesora of Tintic will market a carload of highgrade ore > on Monday and follow It up with another the last of the week I looks now as If an effort would be made to relieve the shareholders from further assessment Two more contracts for material to bo used in the enlargment of he High land Boy smelter were let yesterday Ono calls for 350000 pounds of Iron and steel for the roaster building the other for 300000 pounds to be used In the main building Mrs Ralph Nichols wife of the manager man-ager of the Great Boulder Perseverance Persever-ance in Vest Australia has arrived from that country again accompanied by her mother and children and will remain until the breath of winter begins I be-gins to make itself felt 1 The furnaces of the Dyer smelter near Vernal were again put Into commission com-mission on Thursday and the drawing off of copper bullion will follow In a low days W B Short formerly of the Ilanauer smelter Is superintending the plant whileOscar Conner Is presid ing at the assay furnaces E P Jennings the wellknown mining mi-ning engineer will leave for New York this week and continue to Quebec Canada where he will attend the wi atend annual an-nual meeting of the Institute of Mining Mi-ning Engineers of which he is a mem ber Mr Jennings looks forward to l most Interesting session which convenes con-venes on August 19th and will be lth wi accompanied ac-companied by his wife and children ehldren |