Show s tioo WATER TRADE Sunshine Companys Stock Bought by Salt Lakers WILL BE MADE PRODUCTIVE Mr Cowhouses Report on the Highland High-land Boy Operations Slmwmut Shaft and Mill Cheerful Suspicion as to the Valco Shipment from the Silver Park o Tintlc Oro and Bullion Bul-lion Settlements Much Improved Stocks Revive on News of Smelter Situation Mining Notes The entire holdings of the Sunshine Water company In Camp Floyd mi ning1 district yesterday passed Into the lands oC a local syndicate headed by J G Jacobs of the Salt Lake Mcr cur railway the transaction It was said Involving1 no less than SIOOOO although al-though the exact figures could not bo I obtained Tii the purchase the syndicate syndi-cate acquires possession oC the entire slock of the company consisting of GOO shores of the par value of 100 a share and bonds amounting to 25000 The transfer was made by Willis Ulan chard of Boston who exercise the control con-trol of the Overland Mining company GUI S Peyton and W Arthur Sherman S of this city The delivery of the stock and bonds was to have been followed at once by a reorganization of board I but the unavoidable absence of some I of the old directors made a postponement postpone-ment necessary For the nev organization organi-zation 3Ir Jacobs has been selected as president Samuel Park treasurer and Prank HIgglnbotham secretary these 1 officers with J A Cunningham and K JC Critchlow to serve as directors The Sunshine water line Involved In yesterdays purchase was the direct offspring of the mines and ot the camp I that was at ono time the moat populous popu-lous portions of the great Mercur gold region and was originally projected I and constructed by the Overland Mi l I ning1 company the needs of whose mlnefi and mill were provided for before I be-fore the original owners consented to relinquish their hod on the line Another An-other fat customer has been the Suit Iakc Mercur railway while the company has found a hip source of revenue In Sunshine and Manning where the waters have supplied all 1 domestic wants It Is understood that the purchasers have decided to extend I Its pipes that other wants and needs I may comprehended and while It Is not known positively a report was ouiTcnL on the curb thai It would be put In condition to compete with the Gold Belt line that has so long enjoyed 1 a monopoly at the Mercur end of the 4 mill nt Manning withits Increased requirements re-quirements not to mention numerous prospticts on which work Is progressing m steadily |