Show RUMORS OF ASSESSMENTS I They Relate to theAjax and the Valco of Park City The fact that AJax of Tlntlc was thrown upon the market yesterday down to 33U cents gave rise to all kinds of alarming rumor and not a few sought tho offices to confer with Manager Weir A Tribune reporter who saw him wa assured that no changes those that were promot ing conditions at tho mine had taken place while the rumor that an assessment as-sessment wos threatened was charac terized as ridiculous The mine added Manager Weir Is paying its own bills us hey are Incurred and Is fortunnto enough to have a balance In the treasury trea-sury after these have been discharged Before the end of the month the main shaft will have been put to a depth of 10CO feet when the prospecting of ground off that and the 9UO will begin The management had intended open Ing up the vein off the latter while sinking but found that ho could not I do both satisfactorily at the same time and the work was suspended A story In which enough reliance was placed to send Its J shares staggerIng stagger-Ing down to li7 cents came In from Park City during the afternoon that work on the Valeo has been suspend cd and that to discharge the Indebtedness Indebted-ness an assessment will be required In the face of this there was some very energetic rustling on the part of I I not a few to get rid of their holdings notwithstanding the fact that In the I I absence of Manager Thomas Kearns it was Impossible to conllnu the story MI Kearna J himselfmvas at the Silver King of Park City over which ho also I presides and Is not expected to arrive from camp until tomorrow night President David Keith of the King who had just come down from the Park said when the story was referred I re-ferred to him that he had talked with the foreman of the Valeo on Wednesday Wednes-day but the latter made no reference to any shutting down of the proposition I proposi-tion Shareholders while not cxp lIng l-ing a shutdown have scented for seme lime an assessment and that it was in the air was generally feared The Con Mcrcur I Hartwlg A Cohen general nmnayor of the Con Mcrcur Gold Mines com 11 j puny made his Initial trip to time great I 1 < goldbearing camp In that capacity yesterday and returned last nlgjit I The Mcrcur boardinghouse having I i l been abolished the miners who had I walked out of the mine the previous I I I day all returned when the hour struck I I for the morning shift yesterday and the full roster Is again upon the payroll 1 I pay-roll Everything la now moving satisfactorily I I i satis-factorily and with both mills In operation I j ope-ration the earnings must begin to pi i u I up steadily The copy of tho articles of Incorporation which was recently I filed by Consolidated company in Jersey City N J Is expected to arrive ar-rive today when tho recent selection of officers will be ratified and a day I fixed for the regular meeting of directors direc-tors f J Michigan Men for Statellne J A party consisting of Homer Warren j R H MurrayW G Borgman W T McGraw A Miller R T Nason and P C Andrews arrived from Detroit I Mich yesterday morning and last I night departed for Statellne where It will make an examination of the Ophlr j mine the control of which was sometime some-time ago passed up to the visitors I i The gentlemen arc all prominent In 1 Detroits circles of finance and their C visit will no doubt be made a pleas J ant und an Instructive one The new I machinery with which the mine is being be-ing equipped Is now In place and will I be started up before the partys return re-turn f l Ore and Bullion Settlements In the ore and bullion market yester I day the settlemenlg were Ieduced to I S 25900 divided as follows 1 McCornlck Co MIngo bullion J200 i T R Jones Co Gormanla bullion I 10IOO gold silver lead and copper I ores 11300 In time metal market silver ruledG0i I cents an ounce lead at S38n per hundred hun-dred poUnds and casting copper at 15 ½ r cents a pound Mining Notes I F H Lathrop left for Stutcllne last nlcht I Frank Jnrdlnc superintendent of the I Little PIttsburg at Mercur Is In from camp airaln 1 The Horn Silver reported from Frisco yesterday with two more cars of high grade copper ore Superintendent Donnelly of the Grand Central was among the arrivals from the south yesterday William Hatflcld has gone north Into Idaho to Inspect the progress of developments de-velopments on the Black Pine Bat Sullivan one of the pioneers of Tlntlc came in from the south yesterday yester-day and left for Butte Mont last night C H Scheu manager of the Hon erlno at Stockton has gone to Idaho to make an examination of mining property The Blue Jacket mlno of the Seven DevllB country Idaho will report with two cars of highgrade copper ore on todays market The recent shipment from the PicNIc Pic-NIc at Silver City was mottled for on controls showing 165 ounces silver and I CO cents In gold Yesterdays receipts at the Taylor Brunton sampler consisted of two carloads car-loads of ore from Frisco four from Tlntlc and two from Idaho George K Fischer of the Highland Boy smelter left for the Centennial Eureka yesterday morning the guest of Messrs Holden and Allen A C Luck manager of the Nevada Mining companys properties at Austin and lone arrived in town yesterday accompanied by his wife hnd son Johnny Jlxint manager of the MayDay May-Day at Eureka Is In from camp and yesterday took down the proceeds of I four more carloads of ore of good irradc Judge Cherry has returned to the I city after several weeks upon mining claims in which he Is Interested near Alta and will depart for th2m again next week Cashier Jones of the Conklin sampler left for Stockton yesterday to Inquire Into developments on tlvj No You Dont from which a nice quality of silver and lead ore Is now being derived de-rived I Samples of quarts showing free gold are bclnjj exhibited by the management manage-ment of the R G W near Homans vllle north of Eureka and a permanent perma-nent ore body la looked for in the next few weeks Charlie HiggIns who abandoned brokers row to chase the fickle goddess god-dess through the hills of Granite district dis-trict Or came down from the north yesterday very much pleased with his chances In that locality He will return re-turn to his camp In a few days Hon David Evans who returned from Brighton yesterday says that neck of the woods Is full of copper ore and that Senator Rawlins and his associates as-sociates have a most promising group of prospects But little development Is reported In the locality but Mr Evans predicts a camp there some day CapU J A Bade has returned from tile Loiter elaterlte deposits at Soldier Summit and reports work going on steadily and satisfactorily He denies the report that the recent option procured pro-cured on the gllsonile claims near Huntsman In the La Sal region was In the Interest of the Messrs Loiter of Chicago Richard U Goodc of the United States geologic survey came In from the west yesterday to confer with ProfS Prof-S J Emmons on the survey which is now progressing at Bingham lIe expects ex-pects to see the work prosecuted to an early completion and promises a moat Instructive report from the pen of Prof Emmons to whom the student and the mining world is already indebted in-debted for so much Prom Neighboring States Philip Ginser has closed a sale of his mines near Ballarat Jnyo county Cal to Salt Lake City parties for 40COO and received his first payment of 5000 Salt Lake experts are sampling the group of mines at Darwin Fnyo county I coun-ty Cal L belonglnir tp the estate of the l late Patrick Rcddy with a view of I purchasing them Tho Reno Journal says that as a result re-sult of the recent visit 1 of Cait D LaMar La-Mar he may acquire the lieno Star mine and he may also make an alter for the Nevada Exploration and Development De-velopment companys property on Peavlnc C H Scheu of Salt Lake Is registered at the Overland Mr Scheu In one of the prominent mining men of Utah Ills operations extend over noveral States He came to Bolso from Oregon Ore-gon and expects to make an examination examina-tion of some Property In this Held says the Statesman Virginia Chronicle Robert F lIar rlson has an option on all the proprrty of tho Ratcllff Consolidated gold mines limited situated near Ballarat nyo county Cal Experts from Salt Lake City are now examining the mInes rnd will make a test run at the Company s mill It Is rumored that the purchase price Is 300000 and that 150000 tons of ore is in eight There Is a twenty stamp mill on the property whl h will be Increased by adding forty or sixty more qlamps I A rich strike in the Little Giant Is reported from Warren Ida In poeak I Ing of the strike General Manager 11111 1 says that he has had L thorough millIng mill-Ing test made on the ore and finds that I 114 I ls30 rich that It will have to be I shipped crude to a smelter Whllo tho I ore Is by no means up to tho standard of richness usually produced by this I mine which Is In all probablty unique among time mines of the world for tho I I richness of Its ore the ole from this strike nssuyx 1215 per ton In cold and I I silver A complete milling test made Ion ion I i-on this ore said Mtv Hill showed that the tailings gave a loss of 45 per ton whllo the sllniOK were valued at 29G per ton The ore was 78 per cont fro and concentrated G Into 1 and concentrates con-centrates showed a value of MS4 still the loss In tailings and slimes would more than offset the sorting of this ore and the cost of transportation and smelter charges |