| Show BUYING OUT DEIA MAR Boston and Salt Lake Syndicate Syndi-cate to Take Con Mercur I HE OWNED TWOTHIRDS OF IT Will Reserve Two Hundred Thousand Thou-sand ShriTes Mining Men of Utah Colorado and Idaho to Meet in Denver Wednesday Next to Arrange I Ar-range for tho Protection of Their InterestsArmy of Exports Enthusiastic thusiastic Over ave Countys Copper Interests Mining Notes From Boston cornea story that with wealthy Salt Lakers l Boston crowd has joined to provide Capt De LaMar with n market that will enable him to part with his entire holdings In the Consolidated Mercur gold mines ot the capital stock ot which he originally held twothlrds n total of 6G6GGG 23 shares What figure was poked at ailm by the syndicate the news from Boston does not reveal although it Is said that the Captain expressed a willingness to part with all but 200000 of his block Nor Is It stated why ho decided on this particular lot although It is conjectured that he saw n rising market with the control In new i not more popular hands For a long time the Captain has been accused of unloading un-loading Consolidated ercu rand breaking its Eastern market So firm braklnE in that belief was a prominent Boston shareholder that the latter dumped his holdings into the nit and the shares nvere degraded to levels ridiculously low Only n few days ago It was fred Into Ihc talent at 5137 That was on the Boston board I sold hero yesterday at 5L75 and at once iL rumor ru-mor was exploited that Capt Dc LaMar La-Mar had accepted the proposition advanced ad-vanced the Salt LakeBoston syndicate syndi-cate To verify this It Ws Impossible Certainly there has been no transfer of his holdings on the books of the company where over 600000 shares continue con-tinue In his name This alone should dissipate the accusation that the Captain Cap-tain had by selling freely undermined selng the Eastern market Eater In the meantime a firm of New iTork brokers have with refreshing audacity au-dacity placed upon the bargain counter T3000 shares of the companys stock at the extremely low figure of 375 per share reserving the right to decline or reduce subscriptions etc The enterprising en-terprising trmhad evidently overlooked over-looked the market In Boston and Salt Lake However the offering Is made through the columns of < prominent New York dally and as It Is commended com-mended as an Investment affording 1 13 per cent per annum on those figures fig-ures there Is hardly a doubt but customers cus-tomers who find nothing of Interest In the market reports will be found This Is not Intimating that Consolidated Mercur Is not worth 375 a share but There are brokers here and an Boston who can be Induced t011 orders at lower figures The brokers In question are not a little enthusiastic over the possibilities of the property and In the advertisement are laudinG It as a stock that before many years should command 100 or more per share With but 1000000 shares the total valuation of Consolidated Mercur at that figure would run U Into some money MINING MEN TO NET Utah Colorado and Idaho to Protect Their Interests The miners and producers of UtaK Colorado and Idaho are scheduled to meet In Denver on Wednesday next at which time It is proposed to organIze for the further protection of their Interests In-terests and if necessary to provide themselves with a smelter to which all members of the association shall have recourse The movement which cannot can-not but appeal producers generally as a most Important one originated In New York during the December confer con1er ence at which the present price of lead was established and as the meeting was altogether of an Informal nature adjourned without definite action to reconvene In Colorado Utah was represented a were the other interests Inter-ests Since that time Hon rS Mc Cornlck has received advance sheets In which were embodied the bvlaws and constitution that will ba spread before She mecUm at Denver and that this State shall be represented Capt E F Holmes has assured the local prod cero cer-o his willingness to make the trip As revealed In the bylaws sent to him the association Is to be on the order of the protective and to carry out Its object the producer will crry be nsked to contribute a toll of 10 cents per ton the output from his mines this contribution to continue until such time tme as the means with which to equip tho organization have been provided or course said Mr 11 McCornjck the found ing and operation of S smelter wlth Ltah as a site preferred because of its centralization according to the pre amble accompanying the bylaws Is made contingent upon the Inability of the Inabltv ot association to aociaton procure a fair wrklng charge from the custom a smelt en This probably Implies a shading of shadlnS present charges and to that end the American Smelting Refining com pany has already committed Itself However the bylaws which were for warded to Denver by Mr McCornlck indicate positively that an organization of producers Is 1 to be effected and main tamed as a permanent one and the result of deliberations will bo awaited with keenest Ih Interest by every in the Vest camp Oil Company Incorporates Ogden Jan O Ohe La Grand Paraf fine Oil company a Incorporated here today The capital stock Is SI 1oooooo divided into shares of 51 each lOO OO Nye Is president Frank Francis vice president J H Knauss ecrctar aeeretary R T Hume And treasurer The directors aie M S Rysert T W TOMS T C Foley A TV Meek W q Burl J C Nye and Frank Francis Thr > Thecompany proposes to dcveloo SR certain r oil cerain prop 01 ertles Jn Ulnttt crlcs county Wyoming Ore and Bullion Settlements In the ore and bullion market bulon yes torday the settlements reached n total of 37100 divided as follows n totl folows T It Jones CoGermnia bulilon G20 gold silver lead and hulon 23OO < opper ores IcCor1ck CoGold sHyer lead and copper ores 7O0 In the metal market sliver ruled at lSc an ounce lead at 350 lea 35 per hun dred pounds and casting castng Copper at lc a pound at Yankee Cons Ore Bodies After twentyfour hour among the ore bodies of the Yankee Con nmong of TlnUc President Franklin came In from flntc camp lat night and drawing in his latch I Blrlng could not be reached The pur I pose of his unoxpscletl trip t the bo nanza It was learned yesterday was to examine an entirely new and very a promising development which had been anado In the extreme southern workings on Humbug ground and ata depth greater than In any other portion of porton the componya domain It was at thlfr point that the management according to tho story dropped Into tor a fissure no less than twelve feet between walls that Is filled with quartz identical with that In the Centennial Eureka am I which Is not only copper stained but which shows pockets of copper ore yjclding as much ns 6 per cent of the red metal The development rnny be regarded as one of the most Important that has been made in the property and to prosper l It a winze will be putdown put-down with the channel at once STOCK SA T E VERY LIGHT Market Was Spottad hut Not Entirely Entire-ly Lacking in Strength The day on the mining exchange closed with the sale of 11020 shares ol stock for which 233G024 was paid and with the market In spots not entirely without strength Of this Consolidated Mercur was aulte a conspicuous example exam-ple the shares that have been writhing at the bottom of the toboggan slide for so long a time rallying and selling up to 5175 notwithstanding the apparent willingness of the Boston crowd to cut loose from It at prices ridiculously low Mammoth so long neglected also found n market for a small lot down to 129 while Sunshine filled an order for 500 at JSV ½ cents with Boss Tweed advancing to 5S notwithstanding the call for a new assessment Century which climbed up to 37 itt the morning call on I statement that Its indebtedness indebted-ness does not exceed 535000 was hammered back to 3T5 during the dosing dos-ing hours while Uncle Sam changed hands around GUfc with May Day freely I offered around fil The weakness betrayed be-trayed by Lower Mammoth notwithstanding notwith-standing the presence of three more cars of ore on the market and the sale of n small lot at L05 > was a terrific blow to > those who had purchased around UOa was the decline of Victor to 10 fiat Carisa was pounded heavily and at one lime loosened up to n bid of 491 cents while California kept the talent jumping sideways in Its fluctuations between i and 7iu the market nay finally closing on the following i A M Call P M Call I Bid Aske5H Bid Asked AJax 5l3jlS 02V S51 51V Albion V 4 Alice 40 1 io Boss Tweed SS S4 5S c Black Jack 155 192J 5U lM 1nY lC0 Ben Butler 13 14 13 11 t ½ Carlsa 5 I W1 51 511 Century 3j 3 3 California i5 i6 I 73 73I Creole j 6 I 5 onror i i I i 15 C Mercur 152 1 G7I1 I I 170 i73 Daly 200 I Gy DalyAest 2070 212 li I 2065 I 3000 Dalton it L 0H I 6 WO Dalton 01 0 I 01 03 Dexter 20 20 Emerald 03 Easlo B B SO 100 Galena 10 20 10 G Central 290 I r 290 Golconda 10 9 10 Horn Silver 175 175 Incot 01 Cr 10M JOt Bowers 05 I 0 M L Mammoth 105 11 100 IJ La Robe 11 20 IS 19 Mammoth 130 115 i 130 131M I 130 131 Manhattan 0I 01 0l1 1 May Dnv u 611G 61 61 M Wash 02 0t4 I I N Light Ol v 4 oj C O Ontario SOO I 975 11 I SOO 975 Pctro I r I 12 RichAna 10t 15 I 14 Sunshine 15 1lSi 16i 19 1 Swansea lCO anfca S Swansea 22 id 1C 1 Sunbeam > J i 3 i I 3i 0 Sacramento 1 15 17 G li I SII King j S500 0 I S1 Star Con 15 I 15 166 fhower Con I 16 SII Shield 0l 110 I I 01 16M Tctro I In j 16 Tesora 19 201 19k 20 Utah C j l G 2 Valco l9 21 1 19 W r Glory 1 01 05 01 1 Ig Yankee 367 379 I I 340 Uncle Saml 1 fl 6n Gi 3G Victor I 41 1 42 I GHi I 1 Whlto Rock r MORNING SALES AJax O at 52V = c 1EO at 52c Carlsa 2100 at 51c COO at SOric 500 atc 5 at-c 500 at SOc 500 at SOTfec 200 at 51c 200 at fil > 4c 51Vc DalyWest 50 at J29S5 25 at 2975 Lower Mammoth 10 at S112 ½ 100 at 110 1 0 at 107 10 at 5103 100 at 5107 100 at 51GV 61c May Day 200 at 61c7o at 6 c 200 at Star Con 1000 at 15c 10 at 16e Sunshine 500 at ISJc Untie Sam J at I Hc Bogs Tweed 10 at SOC 100 at C7c 100 at 57Y 103 at 5S4c 100 at 5Sc California 1600 at lie 300 at 7Gbic 20 at 76c I at i6c OO at 5c 100 nl c5o Q at Thc WO at i5c lCe at 76c 11 at 75c Century 500 at 2c 200 at 32 ½ c 1JCO at 33c 200 at 34c 5M atm c 200 at 35c 100 I at 355ic 300 at 5lhC 100 at SCc 100 at ZGVc ICO at Sf ic ICO at S7c Joo Bowers 2CO at Ee Victor 100 at tIc 100 at 431c 100 at 43c 100 at I2iic I Shares sold 19370 Soiling value J1234737 OPEN BOARD May Day 100 at 61c 200 at G04c 100 at GOlic SOO at GOc Joe Bowers 61 at Cc Shares sold 761 Selling value 125SO AFTERNOON SALES AJax 400 at 51c 100 at 50 = ic CCO at 5OYci 200 at CXVtc Carlsa 800 at file 22CO at K > ic isoo at roc 100 at W4c 200 at 6Oc 2CO at 6lUc Con Mercur ICO at 170 100 at 171 603 at 175 200 at 5172 Lower Mammoth 200 at J105 Mammoth 100 at 132 200 at 5131 100 at 130 100 at Zll 100 at OMar O-Mar Day 100 at Ole 1000 at GOc EOO at GOVC ICO at C06c 00 at COVc Star Con SCO at IPc Undo Sam SCO al We ICO at GI c California 20 it 74c 100 at 72Ac 4CO at 72c 100 at IMc 100 at 72c lOf6at 73c 100 at H 4c 100 at 75c ICO at 73Uc ICO at THSI Century 1C3 at 3ffJtc 100 at SOc SCO at jlc 9Q < at 35c GOO at Z llfc 100 at 34 > ic 2CO at 3Ico at SSjC CO3 at 3ic 11 I Rolne 5TX at 1S1c Tetro 2 Y at Ilk Victor ZOO at lOc West Morning Glory COCO at 4c SOW at Jc Shares sold 2IG50 Selling value il012S7 1 to > OPEN BOARD T i AJax 100 at 51V4c May Day SCO at Ole Sharon sold OX Sclllnc value nM 20i The day on change and open board closed with the transfer of 453S1 shares that brought 32114179 Boston Copper Market TRIBUNE SPECIAL Boston Mass Jan Amalgamated developed a little weakness today due largely to the fact that the directors of the company had been cited to appear In the United Staten court of New York January 14th for examination This action represents one phase of the litigation directed against the Amalgamated Amal-gamated company by Hclnzc and hit llcutenanLs The miscellaneous shares remained quiet and steady Price changes were nominal market closing regular Ilornblowcr Weeks bro kers 53 State street Boston and 10 Wall street New York furnish the following quotations SnlnH High Low Close Amalgamated 2EGIJ 5 7725 Vtffl JC967 h Dlnf ham u ICO 21W 21CO 2100 Cochltl 2i > 17 DalyWest SOOO 292 Utah S35 23CO 2200 23CO United States 7I1c Morcur 200 17 Mohawk 0 115 2000 Curb Boston J2iyg275 Navaho 7Cc asked JrTorris Sommer Returns His bid of S 10000 for 00 per cent of the holdings of the Price Oil company summarily rojccted at a special meet Ing of Its shareholders at Price on Wednesday Morris Sommer returned goodnaj red ly to town yesterday and aays he now jipprcclatcs just how ridiculous was his proposition He also learned that the company was tho owner of over 16000 acres of land with at least one of the oil seepages pro ductive of two barrels of the lubricant dally while in addition to this are as phaltIc deposits and other things that present the domain as one of the great cot possibilities The bid turned down the shareholders at once decided to begin be-gin the active boring for oil believing that they have a big thing They at least impressed the Judge with this conviction BEAVER COUNTY COPPER Army of Experts Enthusiastic Over the Riches of It OCthe army of experts who have been prospecting the copperbearing one In Beaver county and Incidentally looking Into ts silver lead and gold propositions none return more entrTy sla tlc than W C B Allen Ills vIsit to the region was primarily to inspect work ut the Carbonate and Rattler the dsvelopment of which Is being promoted pro-moted by I Eastern parties under a local management and which Is not distant from Frisco The territory In former clays was productive says Mr Allen of ores of the value of over 700000 wllh silver and lead predominating Under the new organization a double compartment shall has been dropped down to a depth of 2oO feet Water at that depth made a pump necessary and at 200 feet n crosscut to the Carbonate Car-bonate vein has begun At the Black Rooks of which Walter James lo the manager a now shaft Is being sunk two miles north of the O IC the group affording a fine showing at the surface above which Is a big iron blowout containing a carbonate of copper Adjoining this Is the Skylark Sky-lark in whose workings some very high grade copper ore Is exposed while the intention of the management is to begin the pn1tln down of a new shaft at once Qn Lime mountain at the base of which Is the Skylark and others Mr Allen found prospects that are productive pro-ductive of very high 1 grade sllerbear Ing ores with the country freely fissured fis-sured although there Is a strong and most likely l contact between In the limestone and granite that Is being prospected > Ie < emphasizes the good reports con cornlnc riov lonments at the O 1C the Harrington Hickory and others and says a nice quality of ore hat made Its appearance In the O K Extension Among pthers now prospecting the region Js a strong crowd from Montana drawn there by the presence of other metals along with copper while thereIn there-In everything to Indicate a rush Into It the present season Sacramentos Loss Adjusted The losses sustained by the Sacra mevnlo Mining comprn during thc recent re-cent blaze nt its Mercur mill having been adjusted and the Insurance turned Into the companys stocking the cleaning clean-ing up of the plant wil now follow and conditions so shaped that when the work of rebuilding begins It may be rushed to an early completion Upon this however the management Is Inclined In-clined to be in no great hurry as Improvements Im-provements now being Introduced by Manager Moore at the Sunshine mill promise a lesson or two on the metallurgy metal-lurgy of Mercur ores of which the Sacramento Sac-ramento may desire to avail Itself The management of the Sacramento believes that the filter press which Is being employed at the Sunshine can be made to promote the earnings at the former and will at all events wait on Mr Moores demonstrations Mining Notes Six cars of ore were at tho Conklln sampler yesterday Silas Osborne of tho Imperial and Majestic Ma-jestic mines in Beaver county Is In town again The Lower Mammoth of Tlntlc reported re-ported at the smelter with three more cars of ore yesterday The Yankee Con of Tlntlc reached the Germanla smelter with a halfdozen moro carloads of ore yestei day Robert D Grant left for British Columbia Co-lumbia last night to conduct an examination exami-nation of mining property The transfer books on the DalyWests SGOOOO dividend for January will closo today to-day the distribution to follow on Wednesday next E Yo Center who has been examining the Yankee Con returned to his desk again yesterday much pleased with what he saw underground Manager W V Rico of the Anchor has returned from Park City where he took part In the annual meeting of the California shareholders A letter from Superintendent Morehouuo of the Martha Washington Indicates that crosscutting to tho vein at that Tlntlc property began yesterday The delinquent sale of Tcsora to satisfy an assessment of 20 cents a share will occur on Saturday unless otherwise ordered or-dered by l the directors of tho company C L Dlgnowlty the wellknown mining mi-ning man has returned after an absence of several days In Chicago and will remain re-main until a scrap requiring his presence I In court Is disposed of I Ernest Bambergor left for tho Alaska Mining companys Tlntlc properties last night to Inquire Into tho progress of developments de-velopments Tho mines arc reported Inmost In-most satisfactory condition Tho RichmondAnaconda Consolidated Mining company has filed amendments to HE articles of Incorporation removing the headquarters of the company to Salt Lake and making Its stock assessable The management of the Dalton Lark at BIngham has hegun a drift from Its 830foot level thai will connect with tho Sampson hhatt for air The drift will he met by a similar one from tho Sampson Samp-son Fred Slebcrt superintendent of the To nopah companys Nevada properties left for camp again yesterday after visiting Park City and Tlntlc where ho mado brief study of the latest methods employed em-ployed In the raisins of ores Tho llecker Mining company with prop rllf located In tho old SlImmer 1I1t district Emery county yesterday placed In the hands of R II Officer Co samples taken at the depth reached and returns are anxiously awaited John White manager of the Century of Park valley having returned the shareholder who Got In at prices around 51 J la expecting a statement from him concerning the value of the ore now BO lug Into tho mill and the saving which hI being mide Rumors at this lime arc not favorable to a very high grade David Keith and his son Charles left it noon yesterday for Tonopah to look over the minIm properties In that camp TC Mr Keith has any Idea of Investing In Tonopah nothing was given out on the sul > led previous lo his leaving this city He was accompanied by Fred J Slebcrt the new manager of tho Touo pah mine who arrived a few days ago from the East The Garrison Gold and Copper Mining company filed articles of Incorporation in the County Clerks office ycsterdav The capital stock of the company Is fixed at S50COO divided into shares of the par value of 10 cents each Tho officers aro J P Gardner president J S Garrison vicepresident H B Windsor secretary J W Kldwell treasurer The company owns tho Masher Alvle Tribune Consolidated Con-solidated Extension Dutch Mountain Miners Dream U S Treasury and Gran Ito claims In the Clifton district Tooelo county With the reports on the production of th j company mines and the achievements achieve-ments at tho smelter during thi past year completed Capt Duncan McVlchlo the companys general I manager leaves for Boston tomorrow to be present lithe lit-he annual meeting of shareholders of tho Bingham Con which Is gazetted for Wednesday next While tho management manage-ment would not discuss the contents of his report It is said that they reveal a moat gratifying condition of affairs I nt both mines and smeller and that while I dividends have not been distributed they have at least been earned It Is understood under-stood that the posting of a dividend will bo discussed at the approaching meeting In Boston but that It will bo decided lo begin them until tho enlargement of the smelter has been completed is not believed |
