Show JOE O JERSEXTENSION No Bid on Delnquent Sale 1 Company Gets Stock MAJORITY NOW TREASURY The Brooks Mill to Start Up on Oro from all U S Ground Sensational Assays from tho Imperial Strike in the Jumho Jim Hedges Making V n Deal on His Stntellno Group Centennial Eureka BoardingHouse Settlement The Story of the Almo and n Payment Mining Notes I II I The control oC the Joe Extension Exten-sion Is again In the companys treasury treas-ury whither It went without a protest when 30000 shares were yesterday afternoon af-ternoon offered for the assessment of Q cent 0 share There wore no bidders for It and when the auctioneer discovered I discov-ered that he was without a customer It was ordered Into the treasury and placed to the credit of the company This leaves but 115000 shares In active circulation and develops a most singular + singu-lar condition of affairs With all this In Its stocking the board or directors might order a stock dividend but It Is not likely that It will until another dividend of n cent line been tried on those who have been plucky enough to respond to the last ont and from what was said yoslorilny another levy of n cent n share will be called for at once From the lust the company derives bur 1150 ant to discharge the Indebtedness Indebted-ness and create a sinking fund the shareholders must roach Into their pockets once more THE BROOKS MILL It Starts Up Today on Ores from the United States Group The Brooks mill at Blnsham afterG an overhauling will start up today upon ores from all portions of United States MinIng companys territory and when the demonstrative work for which It has been geared up shall have been completed the management will have decided on Just what methods arc I i necessary to procure the most economic results The mill has not been rigged up for commercial purposes a erroneously errone-ously stated by a morning publication but simply for experimental purposes and when those shall have been achieved It will go back to John Brookfl who originated 1L Discussing It yesterday MV Tlolden the manag lag director said he would run It upon a given amount of ore from each of the great blocks that have been cutout cut-out In the mines and In this way he I hopes to arrive at more Intelligent re suits The experimental work will be under the immediate supervision of Ed Small who has been serving the company com-pany as its metallurgist Sensational in the Imperil Yesterdays assays by McVlckor upon up-on samples from the Imperial Mining companys property In Beaver county showed the same sensational averages that have been coming for days the certificate claiming 217 per cent copper cop-per l 520 In gold and S ounces silver PIT ton The samples were taken from the main crosscut oft the main tunnel which broke Into ore at 165 feet and which was driven through fourteen feet oC i before the small rib of eaml stone was reached Since that lime the management has gone through this rib and It now opening it up beyond r > Ianagcr Lewis who has returned to town Is more than pleased with the outlook and says D shipment is now being taken out Strike i the Jumbo A correspondent writing from State line pays a new strike has been made by Cnpt IVIinedue apl In the Jumbo group SIOUP and that samples just brought down by Jim Lindsay the foreman show free gold in considerable abundance The tunnel by which the property Is hell opened up Is now in a distance of 3 2S feet and the outlook for the outook property Is most encouraging Frank Frnl Wilson of the Johnny Is in town and reports the shaft down 135 feet I Is reported that the Michigan fchlgan crowd which recently visited the Ophlr has secured no option on the Creole alr Lathrop the treasurer of the Ophlr Is still Q camp and has not only increased the number ot mca employed nt the mine but has a crew men employed In the development of n additional water ltonalwat r at Government Spring from which his company will pipe its Mipply A S20000 DeaL4 Jim Hedges ownor of a group of claims adjoining those of the Johnny Minlpg company and In which some very good values have been developed came up from the south again yesW Uay to confer with a representative oC Eastern talent by representatve for or no ofer the Hodges holdings has been made It is understood that the deal w Involves about 20000 and that the first pa pay V ment Is to be made today I BoardingHouso Settlement I between Not only the has boarders t1u recent and the adventure manage mont of the Centennial Eureka board inghouse been harmoniously adjusted < but a new tariff In which the service S is reduced from 1 to SO cents u day Ia Just been ordered bv the manage ment of the mine manltC the same to Into fmc go effect on August Ifith This 10 I is AUhust I is i said V agreeable to the men ot whom nInetYfve arc now upon the payroll and thus the mater ends to the satis tacton of all so ts r Ore and Bullion Settlements I the ore and bullion market hulon ycster day the MQmQnts 1 reached settement a total 5 5 iOO divided as follows I of folo T n Jones V Co9 mania bullion HOOO hUlpn gold sliver lead and copper ores 18iO 1eColnlclc nCor bullion t1900 l gold silver lead and copper ores 1UOO gold bullion G700 In the metal market silver iO 1 cent and ruled at slvcr cents advanced an ounce with lead at 51 J per huudtel pounds = nd casting copper at l lcl ri cents a pound Prank E Wilsons Trip After an absence of nearly a month among the camps of Novada and Cali fornia through which his Interests are scattered Frank E Wilson returned to town yesterday to buckle down to local undertakings His first top on locl th > t expedition I was at Cherry Orcok Ncv where he visited the Star and Gray Eagle mines belonging to the XJlasgow 1 4c Western Exploration 8 Exploraton company f in tlioae T properties of which propcrles Pol JOB Farren Is the superintendent he Kund I r a very high grade ore along wjlh great volumes of milling ore nni1 thc I V shaft going down an additional 101 feci t fef to Intercept the high grade on Its dip I At Ely Ncv which was his 01 npt stop 1e examined the prop rt 1 1lXt the Uiv Gold Mining company of this fly end says that for tho amount of work per WOtk 1 formed It Is one of the bluest propo sitions he has ever seen In > vcrv opening ho found ore exposed and le1 says no less than 30000 tons I are blocked 3000 a1 Iloecell out at this time With the cya dr pr I cess wldch Is perfectly adaptcl to tot r > 1 ores Mr Wilson says tit company I chouhl gave no lesa than 15 10 per ton or i 150000 for what Is now In sight With I V I this the l shareholders will be more I th nn reimbursed while the present ore bodies should afford them divi I dends amounting to 60 cents The Chainman in the same locality Is characterized as n big IowgMdV proposition thai should be productive i U II I of good results and that The snit now j on will be Consummated Mr Vllson has no doubt VAt > V-At Osceola the tunpslln mine owned 11 Gaby and Bunlln Is being worked 1 1 steadily with theoutput Kolntf tofSew I York where It Is ireateil and where It i brings the producers 250 per ton A I concentrator Is now being put In and i the owners appear to have a gocd t V thIng i Mr Wilson then proceeded to Gail t fornla and after looking Into his properties returns In excellent health LIGHT ON THE EXCHANGE Mining Stocks are Dull and the Prices are Low lre The day on the mining exchange closed with the sale of 2iOO hnres of stock for 131 an exhibit Just Inrge enough to keep l the trader out of mourning although nota fqw of the favorites have been curled up at the bottom of thc elIde til wooki There were but four stops at whinli traders came together and th2 J e ntI p were ahoru A lot of ICO Chloride Point WAS cast overboard at G cents while ICO Mammoth brought 2 n I mid VJO Sacramento Sac-ramento 27 Jf cents Joo Dowers woa hammered almost Into Insensibility and went over the counter 11 cents while May Day was nn oferhitf at C3 cents with W ½ the bast to lp lnx1 for It Dal West held up well with StS25 bid for U and while 75S7V was holdout hold-out to Grand Central not a shave was I budged The day closeJ as a very dull I one and on the following prices Bid Asked AJnx S 4214 5 50 Albion CO 1C Alice s 20 CO Boston Do > liii Mur 00i OOvj BullionBeck 365 391 Blue Bird Extension OG Bunker Jni 02 Hen Btiller 00 C 02 Chloride Point 03i 09 I Conjjor SO I Centennial Eurdca 2237 2321 Daly 04 120 12T DalyWeat 1S25 381 I Dnlton uU ml V Dalton Lark 01 i OSa Dexter V r 70 lW Daisy V 01 02 I Dinmofid Con N Eagle flue Bell 72 70 Km < rad 02 OPVi Jour Aces m 00 11C 00A GcysirMarion V o avt Galcra 0iA O7YZ Grand Central 5S71S = uEO Golden Eagle V 01 02 Horn Silver 110 Ingot V 0176 02 I VV u Kremlin V OS Joo Bowers 01 J 02 Joe Bowers Extension OQj dlVA Llttlo Plltsburf 00 < 000t 1 Lower Mammoth 12 61 Mammoth 211 21514 Mercur 5C7 > COO May Day G3J 1 3 Martha Washington V K Manhattan I V OOVi Northern Light 02 02Xi Nevada OOii 02s OnUirlo 5W 725 Petro i 19ii 22 Rabbits ioot iv 011 l I Sunshine v OQIA I Swansea n 3M 100 i South Swansea i V llo 11G Sunbeam 10 V 10 I Sacixinunilo 2G VL Silver Klnjr 1900 525 Slur Consolidated V 30 K I Showers Con j 12 Silver Cloud V 03 Tcsora 10 Tctro l3 05 Utah V IS iO Valco 03 12 West Mountain 01 o Yankee Cop OG 07 Sales were recorded LS jfollovs V Chloride Point SCO at Cc Mammoth 1W at 211 Sacramento 1000 at 271c Too Dowers 103 at Vfic V Shares sold 2SOO Selling value 5531 I IN THE AFTFORNOON On the curbstone durin the afternoon after-noon the register Indicated 1 the saie of 2550 shares of stocic for Hl12x May Day was again slaughtered with 1200 shares selling at GlSilgGl cents while 50 DalyWest urhol at 1335 Two hundred Mammoth vas loosened l up at 213 and 100 Victoria of lure ka at 1 V STOUT OF THE ALMO v Difficulty With the BullionBeck and Salo to that Company Eureka Aug iAn interesting bit of history Is recalled by the payment recently of 25000 by the BulJIonPeck Champion Mining company to the Almo Mining company In final settlement settle-ment forthe Almo group of five claims which run up over the ridge a short distance west of the Bone shaft The ground was owned originally by V TJ Thomas A Bauer and Mrs James Tucker of Eureka and R E Corfiian of Provo C E Loose who has since become a millionaire by reason of his pluck and perseverance n the ilcvelop ment of the Grand Central mine learned l in 1S04 that the Elck l < management manage-ment was following a bIg ore body on the 700foot level towa1 I the Vlnio group He organized a syndicate to purchase 1 the ground and was Joined < n the enterprise by B B rlar of Ksro ka l L Holbrook J R Twelves ard Reed Smoot of Provo and Angus Cannon Can-non > f Salt Lake City They paid 531000 for the pioperty 1 Immediately organized the Almo Mining company I and began preparations for sinking V shaft Henry M Han was In lirrgc < of the Beck mine and he took a force of one hundred men from the mine and ordered the Almo miners off the ground Ed Loose was sent for tho two men held a rather spirited colloquy collo-quy for some time and It looked very much like there would be trouble Ryan finally withdrew his force and three days Inter a settlement was ef VV fected by the terms of which the two companies agreed to work the jrounl I 1 and share equally the expense and profit The Beck company secure l a bond on the five claims agreeing to pay therefor 0000 and to secure a patent The stope was about forty feet wide and thlrtyfivo feet high the values V which were corifined to silver and lead ran from 10to 123 per ton and the net proceeds were nearly S 150000 which was divided between the two companies This big ore body was followed to the llnis of the Gemini mine and has shict yielded many div dends to that company No further I search has been made for ore bodies in I the Almo ground but now that the BullionBeck company has a title to the ground It will no doubt he thoroughly thor-oughly developed That fortunate investment in-vestment furnished Mr Loose with the capital that has since made him one of the wealthy men of the State and Is a fair Illustration of the opportunities that make mllllonarles of men of nerve In mining camps V Lamson Talks Binghnm in Boston V Allan G Lamson of the Bingham Tunnel company which has been for some time boring its way into zones at Blngham Is In Boston where he has beeir talking with a rcprcFdiilal lye of the News Bureau After reC rnnqr to those propositions In which Uoston talent Is largely Interested Mi Lam son says the one great problem which confronts these mines Is that of tiviiiB porlatlon as the smelters are distant 1 fifteen miles or more from the mim The HIghland Boy baa Its aerial tram way and the 01 hers must soon ant In the matter Thore Is a project on foot In Iosi ton to form a compn ny adds the visi I I i tOI which shall build and flat a I I yotcm of electric tnuieporlatlon cor theoe mines This company wli also supply electric power I tVt1 thought that 1CCOCXJ wouiil cover tho spente of Constructing thin road und tbor > are Indications that the varlo is com paPics to be l benefited fIll bo1118pose to subscribe to some of the bonds Tin financial arrangements for this projcrt are not entirely perfected hut it looks to mo like a very good conservative I proposition The mines must have tho j cheapest transportation available and at present this transportation cones V highTne V Tne Bingham camp Js sura to be heard from In days to com A few years ago mining that district was confined to tho collection of lend car I I bonairts from the surface aid shipping them to the smelters NJV gold and copper values are found to Increaao ca j depth is attained I bcliive boston j I has a sound business luveumont In Its I Binghom camp copper BtoekK J I WIDE VEIN OF RICH ORE I Samples from One Drift Run 310000 V in Gold 1 I f TRIBUNE SPECIAL Eldorado Coo Aug iTho Mogul tunnel has made a good many sensa II tional strikes during the past six I months but the richest ore ever reached was taken out last week while I I timbering in the Village Belle drift Ore was taken from the wall in the i breast of the drift In running the drift t I It is eighteen inches wide one foot of which Is roscolite quart containing rich l bunches of sylvanlle large samples have been taken from this vein and I run fully 10000 In gold per ton Two large qre chutes have already been cut J I j in this drift One is 100 feet wldb and I the other about eighty feet both showIng show-Ing wide veins of rich ore V OPTIONS ON GOLD MINES Salt Laker Will Develop Some Idaho Properties TRIBUNE SPECIAL Boise Ida Aug 7C H Scheu the Salt Lake mining man returned today from a trip to Miller mountain He secured options on two groups of property prop-erty seven claims and will probably expend several thousand dollars developing i oping tho same Mr Scheu said this evening he had I never before seen such a fine surface showing He found the vein stripped at several points and it was from ten to fifty feet between walls Moreover gold could be panned from any point There arc several streaks of ore of 1 I much higher grade than the rest but I all u carry gold In one place he found gold showing In grains three times as large l as the head of a pin Active at Reno V E Barney In a hotter I to The Tribune from Reno Nev says a new smelters i smelter-s now going up In that locality with a great many prospects being worked Mining men from the East and West are upon the ground which is heavily mineralized and new discoveries are being made almost dally The Wcdc klnd mine Is running at full capacity with several men taking out ore that will average 200 per ton Of tills quality of ore 5000 worth has been I raised during the last six weeks and although the shaft Is down but twenty five feet at least 10000 worth of the I highgrade stuff is exposed Capt Doa L Do-a Mar unit his manager H A Cohen were among Lhe recent visitors to the Wedekind of which they spoke very highly after sampling It and it it claimed that the owner was induced to name a figure at which he would turn itover I to the Captain In the Copper Queen on Penvlno bill which is owned by the Nevada Explora ion and Development company Man I ager J H Brown is developing a large amount of highgrade copper ore and has contracted for the output of prop erties on Galena bill eleven miles south of Reno to be handled in the new smelter Mr Barney is very much pleased with the outlook at and around Reno Centennial Eureka Strike In a drift with which Manager Allen has been prom ctlng the country off the 1000foot level 1 at Jhe Centennial Ku rekn three feet of heavilymineralized quartz was uncovered yesterday morn ing l and while the metallic contents arc very satisfactory they are not such as afford a commercial proposition However the change Is a vary grati fying one and market values are expected ex-pected at almost any shot The chute appears to be a new and independent one as It is several hundred feet dis taut from the natural course of any J other channel and Its development will be followed with keenest Interest Mining Notes Sam A King of PIOVO has gone to the La Sal country to look after his mining mi-ning Interests The Eureka Hill of Tlnlic reported on the market yesterday with five car oads l of concentrates from Its big plant An assessment of S cents a share has been levied by the Young America Mining company whose property is located lo-cated at Tuscarora NeE V Ne-E M Wcller has returned from Jacksons where he says some placer mining is being attempted on a small scale with Indifferent results The BullionBeck reported on the market yesterday with four more car oads l of ore and has opened the month with a tonnage which begins to smack of old dividend days Johnny Weber who has for so long a time been Identified l with the mines of Park City will leave for his old home in Galena III In a few days and return In the fall Yesterdays receipts of ore at the Conklin sampler consisted of four carloads car-loads front Tlntlc Those at the Tay lor Brunton consisted of fourteen from Ophlr and five from Tlnlic George Dern assistant manager of the Con Morcur cold mines departed for camp yesterday morning and promIses prom-Ises to return with the final cleanup of gold dust at the Manning mill Fourteen carloads of concentrates were received from the Ophir at Ophlr canyon yesterday and It now jocks na Manager E W Clark would make anew a-new record for the proposition this month Harry Walker who came In from Colorado yesterday reports it I provokingly provok-ingly quiet In many of the mining camps with very few adding to their holdings in the stocked propositions at this time According to a message from Mercur yesterday the output of the Consolidated Consoli-dated company was increased to nearly 1000 tons Superintendent Edwards has the situation under perfect control and has opened with a splendid record Col O P Posey has landed In New York after a trip to Paris accompanied by i his boys and will start for Salt Lake at once accompanied by his sons who will continue to California to be present at the reopening of their school Undo Matt Glsborn who has been one of the prominent figures in the GeysorMurlon ever since the founding I of thut company said yesterday that there was no danger of his paying i time I assessment his block I numbering over 100000 shares notwithstanding the I reports put out by certain persons John T Hodson and Capt J II Stal lings have returned to the city after Ian I-an absence of several days at Ding I ham whore they have been Inspecting I their Interests Thc gentlemen report the Dewey mill In Blnglmm canyon In which they are Interested giving excellent ex-cellent account of Itself although the ores arc worltcd on very close margin The articles of incorporation of the I Consolidated Mercur Gold Mines company com-pany of New Jersey Wcr fried in the I olllce of the County Clerk yesterday I 11 A Cohen of this city is i president of j the company and W Cunningham Is I secretary The capitalization is 5000 OCO but the company begins business I V on 1000 1000FTom From Neighboring States The Wedckind mine near Reno Is producing a carload of ore per month The rock assays 200 per ton Halley Times The ore vein cut into in the Hope mine last Friday has a width of ten or twelve feet and an I average assay value of 35 Capt DC La Mars expert will remain In Reno several weeks and make a thorough examination of the mines In I the vicinity of that town Bays the Win nemucca Sliver State President George W Barton of the Reno reduction works nays his company Ic taking out large quantities of ore from its mines at Oreann and will sliio It there as soon us there IB sulllelent water in the river to enable the reduction reduc-tion works to run The Hccla Mining company operating the Hocla mine at Burke Ida has Just paid Its first dividend of 2 cents a share 20000 In all This mine Is about 1500 feet from the TlgerPoormniy The mine is said to be well developed with a large quantity of ore blocked out Lyon County Net Times A three stamp Merrill mill to be run with a gasoline engine is to bo added to the equipment of the North Rnpiclnn mine at Como It Is estimated that there are between 30 000 and 10000 tons of ore Insight In-sight In the mine which will pay handsomely hand-somely for working There is some silver sil-ver in the ore but gold predominates largely and there Is a large strong ledge |