Show LD if EFINEY The Sacramento Has About Decided to Put in One FURNACE F03 THE VALEO Tho Coming Dividend from the Con Mercur to bo Tcu Cents aSharc or 100000 Winding Up tho Life of the Old Mercur The Mammoths Dividend Distributed Ores of tho t Hcd Wing Consignment from the Homcstake Encouraged About tile Dnisy Mining Notes Tho American Smelling and Refining Refin-ing company having drawn the fires from Its gold sampling rooms in this city the manaKCinoot of the Sacramento Sacramen-to which was the active consignor has about decided to provide Itself with an independent refinery such as that in operation at the Consolidated Mcrcur and to that end was In consultation with Lee Gllson yesterday afternoon Mr Ollson it may be mentioned had as a preceptor Mr D C Jackling who inaugurated the plant at the Golden Gate and with him worked in the bullion bul-lion rooms until he received a dose from the cauldron that almost terminated termi-nated his career Manager Bothwell who has the undertaking In hand be 3lcv < s that with a refinery the dust cnn be more economically handled for at the present tariff the producer of gold dust is allowed but 1975 per ounce or M cents less than Its mint value In other words for every ton of dust produced by the consignor the refinery receives 1SSO and yet the sam c per pleads that the earnings were not such as to justify Its further operation Perhaps not the owners ought to Icnow iliioTje rooms through which so many millions In gold have passed on their way to the refinery having been turned over to the landlord tile representative of the company who was sent on to close them out during the Illness ot Manager Moore yesterday went among their clients to thank them for their patronage in the past They were also notified that the company would receive re-ceive all future consignments at Argentine Ar-gentine Kan the companys agent at Ithe same time dropping the admonition admoni-tion that old customers who continued their patronage would be taken care of while those who sought a new landing for their product must look out for themselves Furnace for the Valeo Following up the plans several weeks ago outlined in the columns of The Tribune the lessees of the Valeo above Park City arc preparing for the construction con-struction of a furnace on 4 he com panys ground that will enable them to reduce the ores and Insteadof sending send-ing them out In a difficult manner put thorn on the market In the form of bullion Believing that In this way all stumbling blocks could be overcome rand the mine added to the list of producers pro-ducers the Investor took readily to its shares ard from 10 cents on Saturday they advanced rapidly to 19 cents on the curbstone yesterday It Is said that In the mine and upon the dump are 15000 tons of ore In which copper predominates 1hat can be profitably handled with the aid of a furnace Coming Con Mercur Dividend The directors of the Consolidated Mercur met yesterday discussed in desultory uay the record the mines and mill are making and adjourned until October 15th when said John Ilelm rich a dividend of 10 cents a share or 100000 from the earnings of August and September will be posted as foreshadowed fore-shadowed last month by The Tribune Difcuitslng future dividends the same olPcial said It would be foolish to undertake un-dertake to fix a permanent sum until the management has fixed its regular monthly earnings However he had no reason to believe other than that the quarterly dividend would be 22 > A cents If It did not reach 30 cents or 5500000 In the meantime It is aald that everything Is progressing satEs facttrlly Winding Up the Mercur A letter from John Deru president of the old Mercur Mining company informs in-forms his associates In this city that he will return to town on Friday next when the matter of distributing the balance now in the old Mercur treasury treas-ury among the shareholders of record I will be taken up This done the formalities for-malities necessary to relegate the company com-pany which has passed around S1181 Of 0 in dividends will be ordered and the concern retired for all time mme diately after a final conference upon the proposed consolidation the Dex tor and Tuscarora of Nevada will be hold nnd all arrangements for their early alliance disposed of The Mammoths Dividend The Mammoth Mining company yes terday distributed its regular dividend of o cents a share or 20000 this Increasing In-creasing tho total paid by It to 1740 000 of which amount 180000 has been handed out the present year The directors of the Daly West will meet In regular session on Friday when the usual dividend of 25 cents a share or 37500 will be posted while the Silver King has already closed Its transfer books and will send out the usural amount during the month Manager Mcintyre of the Mammoth Mining company came in from camp again yesterday morning and is 1 busily engaged upon matters In the office re quirinp his attention Mr Mcintyre pays the mine is In excellent physical condition throughout and that recent connection will enable him to material ly J increase the output during the pres cat month The main ore chute has now been tapped on the 000foot level where a line body of ore of good qual IW Js exposed while the wine from the SOO level has been put down on the canto for nearly CO feet and howo icTvvo the entire distance The 1000foot level in which a fine body of gold hearing ore was some time ago en countered ha3 now been connected with the 100 level and new ground in everal iJarts of the companys terrl tory Is giving good account of Itself Encouraged About the Daisy Receiver Moon of the Daisy has re turned from that West Dip Deposition much encouraged over changes that have taken place during the past few wcrks and In which some very cheer ful vauea have been developed No cfcrt 1ms been made to start un the mill yet although there is a proba biiity that an attempt will be made the lIeseflt m ° nth Around tins Daisy OtrythIng la very quiet and It now nSSU If the fulurc u1 c the West Din would he governed largely bv what Receiver Moon accomplishes Ores of the Bed Wing The properties ° c the Red Wing coin pany at Uinjfham turned over to him Mr II T Sappington the new nX nger has returned to town expressing astonishment at the volume of ore e posed and the outlook for a steady production At present three sets of lessees are operating on the ground each set with profitable results while one of them Is marketing ores that net as much as JSpcr ton Manager Sapplngton says there Is no doubt In hla mind aa to the future productiveness productive-ness of the Rod Wing as it has a large area oC virgin ground in addition to that which has been opened up ana with depth the quality of ore has steadIly stead-Ily Improved Believing in It he has subscribed for not a few of the bonds recently Issued and proposes to give It his Individual attention |