Show NEW COPPER COMBINE I PanAmerican Syndicate Soon to Come in Field I New York May lI has just been learned according to the Times that a I now consolidation of copper propcriiew 1 Is soon to come Into the field It will Ilakl over a number of Mexican and 1 United States copper mines and be known probably us the PanAmerican I Copper Syndicate company One of the I went Interested In the project said that It was now suro of success and that the company will bo Incorporated < with n I nominal capitalization In New Jersey probably within time next ten days I I will be put on n conservative I basis said he The aggregate cupl tal 17UiJM of the lal7UJn comiianlou to iJQ merged is over S70000UOO and the new I corporation which minis them all 1 will be rapllalteod only at 15000000 to lb f 000000 We intend shortly to apply to I have the stock listed here and on the London exchange Besides mineowners I a number of bankers and banker raIlroad men are going into It We now have two I c experts examining the properties m Mexico and the services of prof Rick J I eln of Columbia will also be utillred 1 The Mexican Properties Include among others the San Auis mint at Dul rango MexIco tho San Luis mine at t Chihuahua Mexico the San Ahlto comprising four of those classed In the Boleo group and located at a village gup Pedro called Cabblo Bula and the San caled of of San Pablo which Is the capital Durango as Chihuahua Is the State of Durno a the capital of the State of chihuahua Moat of thq mines In the Boleo group are said to be controlled by the Roth schilds but not any of these come into the combinations combinatons One of tho American companies to be absorbed Is the Arizona Eastern and Montana company which has mines at Iontann Tombstone Cochlse and Mayer Ariz and rusn a smelter at Bigbug postofnce Ariz which it leases from the old Commercial Com-mercial Mining company controlled by Phelps Dodge Co of this city Centennial Eureka Shipments The Centennial Eureka closed the week with the production and delivery to the smelter of over 900 tons of orc to transport which thirtysix cars were I required Of this number the contents I of twentyseven consisted of copper with the usual gold values by which It is at all times reinforced and that continues con-tinues to maintain a splendid general average The remainder carried aver silver sil-ver and gold product and also affords a fine average while at times It approaches ap-proaches the sensational Manager Allen Al-len who is very much pleased with the I behavior of his bonanza came In from camp again last night S Bingham Copper and Gold Smelter The management of the Bingham I Copper and Gold Mining companys ane smelter closed another week of most I gratifying results The spur from tho main line of the Rio Grande to tho silo I of the sm ltor was completed the delivery I de-livery of rock for tho foundation was begun and the stono work will commence com-mence with a full crew of masons tomorrow to-morrow morning Mr Nutting the superintendent su-perintendent of construction said yes i torduy afternoon that tho undertaking thus far has made such progress that he already feels like congratulating his staff on a new record for smelter buildIng build-Ing and with the steel and other structural struc-tural material hulivered as promised the plant will be ready for ore ahead of the time scheduled S S Highland Boy Shipments The Highland Boy Mining company dUIilg the week forwarded to the Eastern East-ern reflnerv three carloads of copper gold and silver bullion or nearly n half million pounds To date the company has produced ninetyseven carloads of bullion or over 15500000 pounds and while no definite knowledge concerning its value is to be had Itis suld to bent be-nt least very satisfactory to the company com-pany Important Nevada Strike Russet Tracy who has been making an examination of the Nevada Mining companys property at Galena Nev comes back with the particulars of a most important strike and with ores that tell their own story of margins Heretofore the management has been taking the ores that arc sent to Salt Lako ior treatment front the sixtyfoot level All the while however sinking his continued and In workings off tho 150foot level Supt Mulhall has now exposed ex-posed no less than thirty feet of ore divided between galena and a high grade carbonate freely Impregnated with chloride of silver l is i at this point that the breaking down of ore has begun and the next shipment promises prom-ises to show most gratifying results Mr Tracy says the showing at the mino Is one of the best he has overseen over-seen and that already there Is enough oro in sight to keep twenty teams actively plying between the mine and railway I I Tintic Shipments The Miner reports the following shipments ship-ments out of Tlntlc camps during the week S S Cars of ore Centennial Eureka 2S CjLmlnl j 5 liuitka 11111 v 5 Ciudlvii r 3 Uncle Sam and Humbug 3 May Day loading lour Mammoth J 7 Grand Central loading four Star Consolidated t 1 Carissa 1 f 3 Swansea IS youth Swansea f i 3 lour Aces A 1 Thomas Starlln loll l-oll 73 Cars of concentrates Mammoth mill 2 Beck mill 3 Bar of bullion Mammoth mill 1 Tho Week at Tintic > In Us review of the week the Tintic Miner says a slxlecnfoot body of quartz has been struck In the Eagle and Blue Bell about twentylive feet below the drift from the 200foot level of the shaft Of this about four feet is of a shipping grade carrying gold and silver that will sample close to 75 per ton I is quite possible that this pay screak will greatly Increase in size as the ore body is i opened upOn up-On the level above the saint ore has been encountered carrying a iwofcot I seam of galena and lead carbonates a pretty certain indication of a big deposit de-posit of shipping material Everywhere Every-where In the mine Is millinn ore in great quantities that could be profitably profit-ably handled with a small stamp mill and the for the prospects or property are very bright I The EurekaIIlll again enters the shipping list this week with eight carloads car-loads of ore of which three will go out today The lot contains some horn i sliver ores of tho same character as tho rich surface deposits that made 1 the mine famous seoral years ago The work of rebuilding the Emerald shafthouse which was destroyed by fire Is progressing rapidly l and within two weeks work underground will be resumed ThC machinery with a few repairs will be In irood condition Binghams Activity I The Bingham Bulletin suys that last I Saturday c drift from the upper level of Julia Dean vent Into an eightInch streak of ore pronounced by Billy Clays the richest that has ever been taken from the mine An assay shows SI per cent lead l 370 ounces sliver and 1CO gold As drift Is running In new ground there Is a chance that the rroun < streak will open out Into a large ore I body The stuff as OOH in a car on dump yesterday made a magnificent showing I Silver Cord and Silver Cord No 2 claims owned by Pine Tree Mining and Milling company now constitute Mling comiJn consttte I one of Bingham most attractive new incline which last properties An Inclne Monday was down 207 feet n 200 feet I went into copper ore that is I showing two feet width at bottom overlying a streak of talc on footwall Col F A I I Grant who is largely Interested in the company had an assay made from one of the poorestlooking samples of the I I ore and the certificate shows 112 copper I cop-per SO cents gold one and onehalf S ounces silver the contents also In I eluding a large per cent of Iron over I silica S I The Columbia mines are making an S Immense showing of milling ore and a I number of experiments thus far made have demonstrated that it can bo I treated at less than onefifth loss of Copper value S I Rod Wing Extension Is I now employ lag eight men and doing excellent pros I I peeling work Our gang Is running forth for-th Rod Wing fissure vein another Is working toward a limeporphyry con i I tact and a third has a llmequarlzllc I contact ahead The chances are fa I vorable for one or mon good bodies of I r mineral being operfd up this summer I Return of David Keith I lon David Keith president of tho j I matchless Silver ring of Park City returned to his home In Zion yesterday I yester-day after several weeks In rallfornii and will leave in a few days for an inspection of the bonanza Concerning conditions in the far West and especially es-pecially conditons San Francisco Mr Keith tiys they have shown steady Improvement Im-provement while the unprecedented rush for the gold fields at Nome Is as well emphasized there as at Seattle In San Francisco lie met Capt Hank Sen Smith a former superintendent of the CcntennlalEureka from whom he i learned considerable regarding condl lions In Alaska and whom he was delighted to learn had tradc a handsome I hand-some cleanup last season In Nome He also met Fred Williams one of the I original owners of the Woodslde at Park City who was headed for Nome I while his brother Steve is washing out I colors In tIme Klondike with tho i third brother In charge of their most picturesque and productive ranch Charley Lane says Mr Keith has acquired BS along quired very valuable possessions the beach at Nome and will operate I them on a most extensive scull while Utah will b represented by some very wellknown talent Mr Keith returns In excellent health as do the members him mem-bers of his family who came back with BullionBecks Expansion The ore body exposed In the now strike at the BullionBeck In Tlntlc continues to expand with every shot and when the leport reached Manager Furnsworth yesterday aa much as five feet was exposed I I following It up I SupU Kent Farnsworth Is driving with the strike of vein and while the management Is not one to Indulge its I feelings It begins to look to Mr Farnsworth as if a new mine In Beck ground is being opened up help I I he-lp of the vein according to work thus far Is shown to be to the southwest I and the development of It will be watched with keenest Interest by the neighbors the nearest of which Is the I CentennlalEureka An effort will be I made to get a shipment upon the I market in a short time that a smelter i demonstration of the value of the ore demonstralol I may be mad In the meantime crude De ores aa well as concentrates are inS supplied by the main workirrgs on the north I Mining Notes i Supt Channlng of the Highland Boy I Is In from that Bingham bonanza I Tho Uncle Sam of Knightsvllle came forward with three more carloads of I ore yesterday The Wilson Leaching company had 400 pounds of gold dust at the gold S sampler yesterday Capt Bade has returned from Soldier Sol-dier Summit where he Is directing the campaign on tho Loiter clatorite deposits de-posits Fred Dora departed for the Mercur I yesterday to distribute checks for the previous months work among about I 120 employees Lessees on the property of the United I Stales Mlnjng company reporter from Bingham yesterday with another consignment con-signment of ore I Two more cars of ore from the Nevada Neva-da properties of the Glasgow and Ve tern t-ern Exploration company were on the market yesterday Yesterdays receipts at the Taylor Ilrunion bamplcr consisted of three car loads of ore from Frisco three from Knlghtsvillo and four from Nevada Manager Morris Hunt accompanied by President Webslor came up from the Alaska companys Silver City last night very there much pleased with conditions S The Horn Silver of Frisco marketed I three more carloads of highgrade copper cop-per ore yesterday and yet no tidings have been received from tho longde layed dividend A very strong syndicate is being organized I or-ganized to take up I the work which wsis inaugurated at the Dragon iron mine in Tin tic as soon as tho option is finally abandoned Paymaster PI they of the Highland Boy will leave for the mine tomorrow to discharge the regular monthly pay roll and will follow it up with n similar simi-lar distribution at the smelter The annual meeting of the Shawmut Mining company will take plrce in the f companys local offices tomorrow wluin sofue very interesting reports I the years developments are expected Col S 1 Pearson of the Bingham Placer company whose bars are located at Glbbonsville Idaho has returned to the city after inaugurating the seasons washing and expects some line results this year Messrs Graham and Merrick of the 1esss < Bingham and Eastern at Bingham and Utah Queen In Dry canyon have returned re-turned after an Inspection of thorn and an very much pleased with disclosures that have been made The annual meeting of shareholders of the Silver Shield Mining company whose Bingham mines have been added to tho list of steady producers during the past year Is scheduled for Tune 5th at McCornicks bank H O Rose and associates of the Potosky Mining company have just sent out a largo consignment of machinery to be installed on their properties In northern Arizona l is also the Intention Inten-tion of the company to erect a mill the present season |