Salt Lake Tribune | 1900-01-10 | Page 6 | Dyer Option Given Up

flYE OPBON OVE UP E D1 Nelson of Michigan Abandons the Deal WAS A QUESTION OF DISCOUNT Prospective Buyers Siiid to Have Mado a Cask Offer of 8150000 Whereas the Option Called for 200000 Very Rich Samples from the New Strike ill the Shoobridgro Bonanza The Mercur and Other Dividends 3Ingnitude of the New Pyritic Smelter Plant Notes I The 200000 option on the mines and jmeltor of the Dyer Mining company near Vernal was relinquished yesterday yester-day morning and Mr 10 D Nelson of Ironwood Mich who had made the final examination started at once for British Columbia where he will under I tako to llid a proposition that will fill his syndicates wants According to particulars the owners K > f the Dyer and purchasers had met In Boston when the latter advanced a cash proposition In which the amount I expressed In the option was discounted This the owners refused to entertain whereupon a dispatch was sent Mr Nelson in which he was directed to abandon the deal It was sold that the purchasing crowd had made a tender of 5150000 this to bo paid at the opening open-InG of the bank yesterday but It was rejected With negotiations at an end the owners will now be at liberty lo start up the smelter again and lo continue con-tinue Iho turning out of copper bullion bul-lion The proposition Is one of the most Interesting that has been undertaken In the State