| Show NEW DEAL AT TINTIC Sioux and Ajax toBo Absorbed bv 1 TIn tc Development A visitor from Tlntic says jt Is quite generally understood at hat I camn that there Is to be an cmp absorption absorpton of territory owned by the Sioux and Utah ccmpanks by the Tlntic Tintc Mining and Development company at thc head or which is I geoiso H ltoblnsou For years the Sioux and Utah have been worked and while the whlo results been Indifferent the rcsul have Indiferent compan eg have wu cowled in the opening up of vw large boil lee of slllcloiia ore that very can be made to yield a profit in connection with the sulphides prof conneelon was to treat these ores that the Farr Far-r rel mill was built hut In later years and as the values contained in the ore wore Impoverished the results were unsatisfactory ry and the plant was hung up The Tlntic Mining and Development De-velopment company has the sulphides I In the Yampa purchase at Bingham with which to accomplish It Is claimed that In which the mill failed so that to thcoracles of Tlntic It looks as 1C I dsa bargain has been atruck In which I the Sioux and Utah now controlled by 1 Robert D Grant of this city will l pass Into new hands I is to this end that an examination has begun under the direction of Cot E A Wall as chronicled yesterday Wasatch 4 Shares Increased 1 The Wasatch Mining and Milling company whose directors met in special spe-cial session on Saturday afternoon has Increased Ita number ot shares from 350000 to 250000 made the stock assessable as-sessable and Increased the number of II directors from five to seven At tho same meeting the following directors were elected Lorln Morrison Charles Morrison S S Pond R L Llpscomb George V Wake R S Wake and George Gatrcll In the organization of I I the board IL S Wake was selected as I 1 president Charles Morrison vice president and N J Shockells as BUG I rotary and treasurer The property of the company consists of three 1 I I claims and two mill sites out of Frisco I In Beaver county and upon which developments I de-velopments vlll be resumed at once They have been productive of not a little Very high grade lead and silver ore In former years and the management I manage-ment feds very much encouraged over tim outlook I E L View L E S White a director in what is known n the Coram properties Including L In-cluding large Interests In mines of this State is quoted by the News Bureau of Boston on his return to that town as follows folows IAU the properties are looking promising I prom-ising but 1 do not care to go into de I tally All are largo enterprises and it 1 requires time and patience to bring I thorn out We are watching the manufacturing man-ufacturing end very closely There is not a dollar being spent that we do not get a good return for The men that are In charge of the properties are In full sympathy with the work they pre practicing all the economics possible and are willing to take suggestions sug-gestions from the officials In charge The results I think must show up very satisfactorily The public as a I soon rule expects results from mines too |
