Show TO BUILD A BLAST Furnace to Go Up on the Iron Deposits MILLIONAIRE BUHLS WORDS Dnly West to Pass Round 108000 Eastern Visitor Seizes Big Block of Hiawatha Iron Ores for tho Americans Plants Tho California Assessment Nearly All InTo Work the Haildrlvcr Bullion Becks New Ore Bodies Notes and Personal The fate of the big Iron deal on Iron mountain Involving 2230000 has been practically decided and within a year Huld Frank LI Buhl the Sharon jnllllonalrc as he ordered his luggage to the outpoint train the first blast uurmicG will ho on the ground Then With Mr Wrillls he loft for his Pennsylvania Penn-sylvania home Mr Buhl who has Ions been associated with P L Klm bony In whose favor the option was executed spoke from the card and the payments will bo made an they mature under the contract no one convirsant with the wealth of the purchasing syndicate syn-dicate will question With this assurance assur-ance from Mr Buhl who It In perfect accord with Mr Khnbcrly the retiring Interests may old their arms and i await the paymaster In the meantime I mean-time permanent i olllccs and a commodious commo-dious laboratory are being Installed by the Kimberly crowd In Cedar City and exploratory work will continue as Inaugurated In-augurated some time ago Daly West Dividend As scheduled the great Daly West of Park City posted ItH regular tllvl dent of CO cents Li share or 108000 during the afternoon the transfer books to close on Wednesday next the distribution to take place on September Septem-ber 15th when the total will have reached 1335000 of which awn 51325 000 was paid by the old company and 5GOOOOO by the new Meanwhile the nanagemont continues to add monthly to the surplus not to mention Increased reserves Hiawatha Docs Business In a single certificate Manager Lawrence Law-rence of the Hiawatha Mining company com-pany yesterday trannferrcd to a millionaire mil-lionaire visitor 1 from Pennsylvania 50 000 shares of tho treasury stock for which he received 12500 or 23 cents a sharo An hour before Capt Ruder of the Annie Laurie of Gold mountain had fished out 20000 shares for which he dumped JSOOO Into the companys ntocklng The holdings of the Hiawatha Hia-watha consist of the Dipper group round the mouth of Little Cottonwood canyon which has been shipping very high grade gold ore In Hiniill parcels and with the proceeds of yesterdays wales of treasury stock the manage incnt believes It poaalblo to prepare It for a mill the construction of which Jias been provided for already by u friend of the undertaking To Ship Iron Ores It was learned last night that the Oregon Short Line has expressed Its willingness to construct a branch of railway from the main line at Lund 1o Desert Mound in Iron county and that with Its completion the owners of tho group of claims will begin the production of 300 tons of iron fluxes dally for use at the furnaces of the American Smelting and Rcllnlng company com-pany For some time the American company has been drawing on the mines or Leadvllle for 100 tons dally of argentiferous manganese but the haul is a long and expensive one and the local article will at the completion of the railway branch have tho preference prefer-ence While the margin is narrow the 3 roduccr sees a piece of breadmoney in the contraut with the smelter Californias Assessment The California assessment of 6 cents 1 share or J1SOOO becomes delinquent today Reference to the record yesterday yes-terday revealed that practically all had responded and Manager Snyder says I there will be less than 5MO shares with which to go to press The new ore body on the Intermediate level Is be having nicely according to the super intendent and It looks now as If I Its presence would soon be detected by the camp journal Comstocks Concentrator I The management of the Comstock at Park City Is In dally conference with the mechanical engineers and estimates on the coat of the proposed concentrator concen-trator will be ready for the board of directors next week It Is understood that the moneys necessary for Its construction con-struction have been arranged for at a local bankinghouse Yankee Cons Exhibit I The annual report of the Yankee Con company has made Its appearance II among tho shareholders In printed form In its folloa Is told the sory of the superintendent on work done nuT nu-T < sulL achieved underground during I the year It concludes with the assurance I assur-ance that a large amount of virgin I ground is yet to be prospected During I the year the company received ° 09 I 7312S for San I tons of ore that was marketed the ore averaging 52117 per J ton From this tonnage 5207207 pounds 1 of lead 2S170D ounces of silver and I 11SO ounces of gold were derived In July the company marketed 24 cars of ore that brought 1350301 the metallic I contents 1 averaging 31 per cent lead 3JG7 ounces silver and 2SO gold per tonI ton-I I Gone to Thunder I A letter from the north says that I Dick Colburn and W 21 Clark have I hit the trail leading into Thunder mountain They go there to expert a proposition from which most encouraging encour-aging reports have come and that If it stands up to representations will be added to the string now controlled I toy tho gentlemen I I Back From Congress Having taken part In the deliberations I DC the mining congress at Butte as a delegate from Park City Superintend I ent John A Klrby of the Dalv West returned from the north yesterday morning lie reports the northern camp In most prosperous condition enormous tonnages of ore comni og from I its bonanzas and a corresponding vol I ume of copper and Its associate metals going upon the market Thu session of I the congress was a moat Instructive one In many ways said Mr Klrbv while the enterprising citizens of Butte made the sojourn a pleasant one New York Bonanza The Now York Bonanza Mining com pany yesterday filed articles of Incorporation Incor-poration In tho County Clerks ofllce fTno company will have ltd main office In this city and Is capitalized for 300 000 the shares having a par value of 51 each Poberl G Wilson 1st I president of tho company John C Lynch vice president and Herman Barnett sorre tnry and treasurer The said officers together with John McSorley and Wit liam H Irvine constitute the board oC directors The company proposes to operate a group of mining claims at Park City and to develop the riches jof the great Nalldrlver vein by which Its holdings an traversed To this end tho moneys have been provided and the work will he most vigorously prosecuted prose-cuted IA |