Show THE MAYDAY A ComspondcnfcAvers to be in Excellent Ex-cellent Term Eureka Aug 30To one who has examined the present condition of the May Day mine the recent unprccedent i i ed slump in the stock of that property Is Incomprehensible There Is not today to-day In thisdistrict among theyoungcr list of shippers a property which presents pre-sents a more favorable appearance both for value and permanency of Us ore bodies Through the courtesy of the president and manager John A Hunt your representative was yesterday yester-day permitted to go through and examine ex-amine the workings of the May Day and to say that the visit was a revelation revela-tion Is putting It mildly The property Is equipped with a largo and conven ientlyappointed orchouse boiler rooms aircompressor plant for operating oper-ating their six machine drills blacksmith black-smith shop and everything else necessary neces-sary to a wellconducted producing mine The engine is located at the face of the main tunnel a distance of 700 g feet into the mountain where a large chamber has been excavated Here i stepping upon the cage the writer was rapidly lowered to the 100foot level where the examination of the ore bodies commenced Tho shaft Is being continued downward by two shifts and machine drills and Is now thirtyfive feet below the 100foot station A short distance from the shaft one finds himself In a veritable mountain of ore ore on all sides and some of It of extremely high values The ore at present In process of shipment consists I fi of two grades one firstclass galena the other quarts carrying high silver values as well as some lead The work In progress now consists i mainly in exploration and stripping of 7 the ore bodies although the amount of ore taken out In this work will be sum cleat to swell the ore receipts on the Salt Lake market by five carloads this week l From the 100foot level sloping hao continued up to the fifty and at no place has the complete width of the ore bodies been exposed The general direction of the ore zone as disclosed is southeast to northwest which would 4 give a length of about 1100 feet along the vein before leaving the May Dav ground It Of course it must be remembered It that the May Day Is now that the mine has scarcely been scratched and that It should have before it many I years of successful and prolltable pro duction One of the sights of the fiftyfoot level Is a large body of high grade gorc awaiting extraction tich will run as high as 10 ounces In the precious yellow Bluff Sloping and opening up the vein Is UHO In progress f between the fiftyfoot and the tunnel level but the large territory above the t tunnel to the 3UIaca is untouched The > IT Pay has expended over S2ODO In labor and machinery and la now practically out of debt Its pres ent condition easily justifies the is ivnion Hint It will be but a short time before it takes rank as a dividend payer Local owners possess the great fLl0VllllHClce 132 the Property and no stock In being offered for sale by any of them Baltimore Meeting Postponed The special nioellnjr of the stock holdrrs of the Baltimore Mining com pany scheduled to occur yesterday af t rnoon In the ofllce of President Mc Gr gor was adjourned until September Jith as fomc of the Eastern stock hohlrra could not be reached and it wa tleslied to have the stock fully proKPtitcd at the meeting Several irn portant amendments to the articles of inoornorntlon of the company were to be considered at the meeting and for thin reason It was desired that nil Fharfholders should have an oppor tunity to express themselves on the matter It is proposed to reduce tho fupltal stock from 000000 to 51 iooo COO and to change the pur value of the shares from 25 to 2GO and to Increase the number of shares from 200000 to 1GOOCO to authorize the company to dis pose of any or nil of its property to change the name at the company to the Baltimore Consolidated Mining company com-pany and to make some minor changes It was also proposed to consider what disposition should be made of the stock bought In by the company for unpaid assessments and the advisability of purchasing by the Issuance oC stock the John B Thompson group of claims A large majority of the stock was represented I repre-sented at the meeting yesterday and I the proposed changes were heartily approved ap-proved by those who were there |