Show I t I BI MEOUR R DVIEND Ii I 1 I It Will Pay Out Forty Thousand Thou-sand Dollars Today f I I I I f NOTICE GOES WITH CHECKS L I I L T Mammoth Will Today Distribute Twenty Thousand Dollars Swansea I I Swan-sea Posts rivo Thousand Dollars Booming Meeting of Yankee Con 1 Stockholders New Option on tho l Ih Sevier Has Dr Watkins Pound I tho Lost Josephine MineP Coconino j Smelters Lack of Timber Notes l i II I I I The Mercur company will today distribute dis-tribute a dividend of 10000 equivalent to 20 cents per share and 0 final dividend t divi-dend oC 2 or3 cents per share H bo paid when the accounts of the old company com-pany are closed which will be In about the a month Todays dividend brings total paid by the company up to 1 50GOOO The following letter will accompany 1 I the dividend chocks to the stockholders A stockhold-ers today The Consolidated Mercur Gold Mines II company Is now operating the properties proper-ties of tho two old companies and it ot I will probably declare Its first dividend I in October The shareholders of the old Mercur company will hove to be on rec I il no ohnhnllnrc n th Thw corn 1 j pany or they cannot draw their i proportion I I pro-portion of this dividend as they are entitled 1 en-titled to do The new company must i have a full and complete record of all stockholders and all stockholders in the I I Mercur Gold Mining and Milling company I com-pany arc also stockholders In the Consolidated Con-solidated Mercur Gold Mines company so it is only n question of getting on record In order therefore that all stockholders may be known and that H I I each one may obtain his dividends it I fs necessary that the stock of the Mer t l cur Gold Mining and Milling company bo sent In and exchanged for stock of i the Consolidated Mercur Gold Mines company This change will be made by the Consolidated Mcrcur Gold Mines company upon the receipt of the old Mercur stock certificates at tho rate of one and twothirds shar sothe Consolidated Mcrcur Gold Mines company com-pany for each share of the Mercur Gold Mining and Milling company Factions Fac-tions of a share will not be Issued but the market value of any fractional share will be paid and remitted with the new stook I The Mammoth will distribute Its regular reg-ular monthly dividend of 5 cents a share 20000 today this bringing the total amount disbursed by the company since July 1S93 up to S340000 The directors of the Swansea Mining company met in the offices of the company com-pany In this city yesterday and doH t eared tho regular monthly dividend of 5 cents per share or 5000 payable on I September 10th books to close September Septem-ber 5th This dividend which is No 18 brings the total of the mines dividends divi-dends up to over a quarter of a million the exact figure being 251500 Continued Con-tinued good reports come from the com panys property i I Yankee Con Meeting I The regular annual meeting of the r stockholders the Yankee Consolidated I i Consoli-dated was held yesterday afternoon in the office of Secretary R G Wilson with 217150 out of the 530ogO shares capitalization represented There was some little excitement during the meeting p meet-ing over a proposition to move tho offices I of-fices of the company to Eureka where much of the stock Is held and the Eureka Eu-reka contingent made n strong fight to accomplish this but it was found that those who favored Salt Lake as the principal place of business outheld the Eureka people and the offices will still j remain in this city New ofllcers were r elected as follows President Capt t Capt Timothy Egan of Salt Lake vicepres ident Mrs T D Sullivan of Eureka treasurer W H Clark of Salt Lake secretary A T Moon of Salt Lake these with J W Merrill of Eureka to constitute the directorate The principal I princi-pal place of business of the company II will be a the office of Secretary Moon The stockholders sockholders received Informal reports from Superintendent Green and il others connected with the active management ran 1 agement of the company and the recent I re-cent strike at the mine was the source of much satisfaction to everyone concerned con-cerned As an indication of the new in terest In the mine it may be noted that at the last annual meeting only 73000 shares were represented while yesterday present but a few hundreds were not J Now Option on the Sevier j VF Snyder and his Eastern Eatern asso I dates yesterday secured a thirteen months option on the Sevier mine at Gold mountain from Charles Lamtncrs dorf and his coowners The option calls for the payment of opton initial payment to be made next April and the balance In October of 1901 AprI arrangement calling for the passing i over of two considerable lumps of mon 1 1 ey In a little over a year f ilr Snydcr and his friends expect to expend from 10000 to 20000 In develop I 1 ing the property and will put a force wJ of not less than ten men fct work n be tween now and the 10th of next month It has not yct been Decided whether Mr Snyder will l take active char the actve charge of mine or will entrust the manage ment to a superintendent work has supcrintendent Considerable ha already been done on the installed property and a tenstamp mill oi is now instled there but It is thought tho mine will rcqulreconsldcrable > more de I ° pment before I Its real worth as a bread winner will bo disclosed t Silver Dow Delinquent Sale A sale of 63000 chares of delinquent I stock of the Silver low delnquent com pany was held In the office of w H ofce Secretary Bramel esterda Brmel yesterday The stock c waqau bought In on behalf Si the de otthe linquent holders by Director Henry Sadler who represented them In the capacity of trustee Some of the hold ers were unable to meet the MSCSS meat at this time and in tme order to give them a chance to retain their rCUln holdings in the company Mr Sadler l1r bought i the stock and will SodIerbonght up reason J able length of time for redemption The redempton oillccre j o1cels of the company r things as going comJan the report mine The property is located close to the i Swanseas anti the owners of mr the Silver i low believe they have the Swansea vein The he shaft Is now in about MO feet and it is expected I that oro will bo encountered wl within the next IOC The company hag opened up a line bOdy feet of 0 fne ore by means of mens an Incline the Inclne but ns I contractor drove the Incline In J such t a manner us to render It extremely dangerous I was abandoned and the body shaft 10 now being sunk to l cut the ore 1 The Coconino Smelter State Senator Qull Qul Nobekcr and C i M Jackson Jacl10n returned last l night from lt Coconino Ariv for which Vhoy place they I left about 3 month ago to Inspect the new smelter In which Senator KeboK is Interested Senator Nebeker that says the smelter management Is now I confronted with a serious problem in the shape of a lack of timber Form tmber erly It was permissible to orl pelnlaslhlc use timber > of over eight Inches In thickness for mining purposes and It was designed t use timber off th i Government WW re L servo to manufacture charcoal for smelting purposes at Coconino A recent re-cent ruling of the Interior department however holds that timber used for charcoal to be fed Into smelters Is not for mining and has prohibited the smelter people from s using tho Government Gov-ernment timber This mokcfi the problem prob-lem a difficult one to get around Senator Sen-ator Ncboker says as the smelter is 5 miles from the railroad and thero IK no timber land near enough to en nblo the smelter to profitably purchase timber Senator Ncbeker and those Interested In-terested with him In the enterprise are makIng strenuous efforts to have the ruling modified so as to permit them to cut the timber on the Government reserve I |