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Show Iil 1 Details Are Now Practically j f Arranged for Combine of l Both Companies. If I f NEW COMPANY' IS ijj J, TO BE ORGANIZED fj Merger of Sixteen Valuable II f Claims in Rich Beaver 3 County Camp. ;jgQ Tt was stated by authentic sources Tuesday that tho negotiations that a Jjt have been under way for several weeks J between tho Cedar and tho Talisman in mining interests have been brought to n I successful conclusion, and that it is now II I merely a matter of rounding out tho B consolidation programme aud cementing H) tho two organizations in the very near Hfj future. Those most intimately interest-It interest-It If ed in thi? ?cnl liavo nothing whatever B J to Rivo oiu for publication, but no do-H do-H m j tells have been made by them as to tho mviM !, successful consummation of the deal. ! , Tho rounding out of this proposition I M j moans tho organization of a new mining H ., company to talce over tho properties and Hj ; interests of tho two organizations above II ij '.' mentiouod. Tho capitalization ol this 'JII'J 'i company, and tho schema of exchange ot , ft j tho old stock for tho now have not jjl iL been made public, but those who claim 81 t to know are agreed that it means a l ( Batisfactor'y basis for stockholders in i Uj !; ' both tho Cedar and Talisman. 1 t i' Nothing more logical could have been ; : conceived by the two interested above j Jtlfel 1 inontioned than a consolidation ot mines Eg- fil (; and purposes. Between tho two com-1 '1. hi u ponies, sixteon daims are owned hi tho K :M iJ North Star Mining district, of Beaver K W jf , county, both properties being so sltu- l. M 1' ated and adjoining that; a development K I ; o one means u development of the ft JIbI ' other. Combined, thero will be no more tf i j I likely ground in Beaver county, lor 1 HI j both havtj shipped to tho local market !jlfrf ;' magniiiccnt leadsilvor ores from llio ' ' JbH upper levels, while tho Cedar especially i-' li'li' has demonstraled tho continuity of tho ! IM j ore bodies of both to line depth. In addition to this s'plcndid icrri- Wa tory, tho new organization will bo ablo j(p! to enter upon its immediate task of lfc(lJ exploration and oro shipments with- J hi I out any large initial expense. The jwo yd O ij mines are very satisfactorily equipped rtl L'l for deep "work, both having valuable Mif machinery now in. place and read' fori '.HEh'c- work, 2he two properties arc owned I !i ; by Salt Lake interests largely, and the 'ft i proposition of combining tho two has been mooted for several months. It is ! thought the details of the deal will bo jj I ready for publication before the end or Jjj the" inonth. |
