Salt Lake Tribune | 1904-07-24 | Page 8 | Big Option on Clayton Mines

BIG OPTION OfS . CLAYTON MM Story That $1,500,000 Deal Is About Consummated on the Idaho Properties. That the plant and properties of the Clayton Mining and Smelting company at Clayton. Custer county, Idaho, are about to pass Into the hands of an Eaotern syndicate ' under an option Involving In-volving no leas a sum than $1,500,000. uas again rumored on the streeto of Salt Lake yesterday, and. while the identity of the purchasing crowd baa not been divulged, the gossips are milto positive that It will ultimately be annexed an-nexed to domnins over which the Guggenheim Gug-genheim Exploration company's standard stand-ard ho." been raised. That it believes t? V?r nvlcUon. lh-. perhaps, because n. . Nash, president of the Clayton eolnpany. Is. as president of the American Ameri-can Smelting- and Refining company, necessarily in close touch with the Exploration Ex-ploration company, and lo In complete knowledge of Its needs. In the absence r f?awrncc Greene, general manager or the Idaho properties, there was no one within reach yesterday who could affirm or deny Iho story. Mr. Greene-s Greene-s at present and' has been at camp the greater part of the month, but Is expected in town hourly to meet representatives rep-resentatives of the purchasing syndicate, syndi-cate, who. it is aiid, are here- incog. Another theory is that the Federal Lead company is the purchaser, but that is but a. step from' the Exploration) com--pany'o threfrholdi The Clayton mines were productive ror many years, and are equipped with a smelter, although the latter has not been in commission for some time. It Is said that a large volume of bullion containing lead, silver and gold is now piled up at camp, where it is awaitintr a more Inexpensive outlet than the wagon provides. Another story In connection con-nection with the reported deal Is that n the event It h consummated an out-et out-et by rail will be provided. Among the contingent from Idaho muchMnter-est muchMnter-est Is manifested In the report and the retUItcdf Mnnagor Gree"c 'a anxiously