Show BiG OEAllNMAMMOTH Sheets and Pollock Buy Cun ninghams Stock I BASIS OF 225 A SHARE Thirtynine Thousand Shares Bring = S7750Mr Cunningham is Goo Go-o ing to Europe for a Year President of United States Company Goes to Binglmm This Morning Pipes for 4 the Coconino Smelter Some Heavy Bonding of Properties Mining ITotcs I I I I The Cunningham holdings in the I Mammoth Mining company consisllng Of 39000 shares and that haVe always stood as a real or Imaginary obstacle I In the way of those who have believed the stock entitled to better place in the column ot securities have just passed t Into the hands of Edward t Sheets and James A Pollock the transaction Involving In-volving as much as SS775Q and upon which a payment has already been made The shares are delivered to share and it them on 3 basis of 225 a is cald that already as much a 17500 has been placed to tho credit of tho vendor the balance lo be paid at reg ular Intervals That Mr Cunningham has consented to withdraw from tho Mammoth Is that he has promised himself him-self a year In Europe and desires to clean up and convert into cash some of his securities before his departure I was It Is claimed tho same reasons that induced him to relinquish his hold on the BullionBeck and a rumor was circulated during the afternoon that he 4 now has under consideration a bid from Robert D Grant of tho Farrel crowd for the now East TIntic railway that plies between the mines and mills of Mammoth and Robinson and the mainlines main-lines of railway that afford the ores of that locality an outlet to market what foundation if any exists for the latter story could not be learned That he has parted with his block of 30000 i Mammoth which has been a source of so much revenue to him however is now generally known That a blocl of such magnitude will be permitted to sot loose upon the open market by tho purchasers is not he llovcd for a minute by any who aro conversant with the methods of the gentlemen whose hands It has reached tcntemen On the contrary unless it Is held aSa as-a longcherished wad by them It J will ruOn allowed to go only to those who have sense enough and astuteness t enough to keep I in their pockets and foster It as an Investment rather than a gamble The transaction is the largest as an isolated one that has been exploited < since the sale of 20000 shares of a 1 Park City proposition for which 100000 was received by tho vendor and demonstrates dem-onstrates that in n Dinch there Is cash enough at home with which to I protect tho home market As an Investment In-vestment however the big block has boen a most lucrative one the earnings I earn-ings from it since last July when the I control was acquired by Mr Samuel Mclnlyre amounting to SJ5 cents n I shar or 33150 upon the > lot In question 4 ques-tion while the property to date has been uroduciive of dividends in the I sum of lC20000 Will Visit Bineham President Evans of the United States Mining company wiU leave for Its camp 1 at Bingham this morning for the purpose pur-pose of beginning his observations under un-der ground During the day which was devoted to a conference with those who are now engaged upon the examination exami-nation of the mines tho party was Joined by Sllllman F Kelley another I of the companys Boston directors and Arthur Thacher of St Louis The for rner is one of the stalwarts of State rCL street Boston where fortunes have been so severely shaken up during the past few months and Is one of the I foremost figures In that arena of finance Mr Thacher comes as the representative of his uncle who Is another J an-other of the United States companys I directors and who remains in iI Boston to take part In the meeting of the companys shareholders which takes place at Portland Mo on i Wednesday Mr Thacher Is known throughout the West as n mining engineer engi-neer and has been associated with not n few of its mining enterprises Both arrivals will accompany the president and his party to Bingham today 0 Observations Ob-servations at that point completed the visitors will continue to TIntic where the Centennial Eureka will be Inspected from the tramway that connects with the railway to tho lowest level In the bonanza In the meantime mining circles are waiting on the engineers now examining examin-ing the United States companys mines for a confirmation of what was presented I pre-sented tho shareholders by Manager Nelll and that It will be other than I that no doubt Is entertained at this end of the line j r Gold Ridge Bonded for 3100000 The Gold Ridge mine located about thirtyseven miles from the city was a few days ago bonded to Mr Harrison j gentleman from the East represent inga large English concern for 100 COO This mine has been under the management of Messrs Keith and Bambcrger Owing to the conservative conserva-tive manner In which these gentlemen have conducted their mining business very little can be obtained as to the value of the general output but It Is reliably believed that this property produces more ore which is very valuable than any other In that dis trict among which in the famous Wealhorby 1 The Gold Ridge IH conceded to be the richest mining property in eastern Oregon Ore-gon and under Its present excellent management it la bound to bring to light that fact for It will be the In tention of the new company to Install all necessary machinery r which can give this ore its proper treatment This district Is not n new one for with Its mineral deposits only partial ly developed In fact not half pros h pccted it Is already yielding lots of money to those who were so lucky as to encounter a gold ledge which ledgc pays them well 0 b To what extent this vast hidden treasure Is destined to enrich hldeen country and the world can only be N 0 imagined Baker City Republican The Madisonian Everything Is bustle and activity at acUvly tho Madlsonlan mine The force has been greatly increased and the plant and will be Increased by the addition of boil ers engine and stamps from the boI erly at Lrollorvllle prop exly Ilteryfe which was recently abandoned The work of recentl a station cutlng nton a the 300levcl Is going rapidly I forward and Capt Iolnr announces Intention of sinking at least 200 feet further regardless of regrllcs what Is I en countered This e1 mine bids fair to fall again bcconu one of the heaviest producer in the county Vfcstern ftO < UCjI ounftcstern Mining World Bull ilnlnf Volhl I Simmons Mine Bonded Another deal at considerable Im portance was consummated ladq lu 1 tills city Tills ono Is tho bonding of the Simmons mine located not far from Baker City This property has been turning out some firstclass ore and It Is estimated that there Is I on the dump at least 200 tons The property prop-erty Is l bonded to some Eastern capitalists capi-talists whose names are not known I Is the Intention of the new company com-pany lo commence work on a large and extensive scale The consideration Is 100000 Baker City Ilcpubllcan |