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Show ISO! VALLEY MINES PLAN CiSOLITl Negotiations Preliminary to Merger Make Substantial Substan-tial Progress. Negotiations which have been in progress for some time looking to the consolidation into one company and under un-der one management of the Nevada Copper Belt railroad, Mason Valley Minos company, Blucstonc Mining and Hmclting company, Nevada Douglas Consolidated Copper company, and the Thompson smelter, are going forward steadily and havo reached the stage whore it can ho truthfully said that substantial progress has been made, says the Nevada Mining Press. James 0. Berryhill, vice president of the Nevadfl. Douglas and one of its largest individual stockholders; Henry I. Moore, assistant manager of that company, and S. B. Elhort, tho engineer engin-eer who' lias been measuring up the ore and doing other work for M. Moore in connection with the deal, hold a conference con-ference in Reno the last week in Juno. Afterwards Messrs. Berryhill and Mooro left for San Francisco, where they were joined by A. J. MeNaK general gen-eral manager of the Mason Valley Mines company; F. W. Cluernsey, who is in charge of the Thompson smelter, and M. W. Summerhays, superinl en-dent en-dent of the Blucstono" Mining and Smelter company. At this conference in San Francisco an agreement was reached regarding the tonnage of both positive and probable prob-able ore in tho different mines of the proposed merger, and some advance was made in arriving at the valuations to be placed on the Nevada Copper Belt railroad and the Thompson smelter. smel-ter. The final decision regarding those latter valuations is expected to be reached at a conference of all tho interested in-terested parties, which will be hold in Now York City about the loth of this month. Another important decision thnt has boon arrived at, as a result of numerous numer-ous tests, is that nil the sulphide ores of the different mines of the companies com-panies arc susceptible to successful treatment by the flotation process. This moans that the sulphide ores will be concentrated and the blast furnaces in the Thompson smelter will be replaced re-placed with reverberatory furnnccs, sn that the concentrates may bo smelted. The Blue-stone company has already decided de-cided to double the capacity of its flotation flo-tation mill, repnrdloss of the outcome of the norjotintions for the proposed consolidation, but if the merger goes through, tho sulphide ores of all the mines will be treated by flotation and jhe concentrates sent to the Thompson Thomp-son smelter. At the conference which is to be held in New York on the loth, if an agreement agree-ment is reached regard in 2 the valuations valua-tions of the railroad and smelter, as well as other details yet undecided, plans will bo worked out as to the method of incorporation nnrt financing of the now company. Although not an officer of tho eompnny. the Mnnn Vnl-lev Vnl-lev is dominated by Col. Wm. B. Thompson. one of the country 's big men, and it is rossih1n t hat ho will be present in person at thi-i conference in New YnrK ITenrv T. Moore, rssisted bv S. B. Fiber, will continue the negotiations ne-gotiations for ihe Nevada Doiirrlas and the Cor nor Belt railroad fit this meeting, meet-ing, and Y'co President Cohen, of the Blucstono Mimnp' c; Pmeltin' company, assisted bv M. W. Sum merlin vs. general gen-eral superintendent, will conduct the negotiations for that company. Tf this consolidation is nut through, as now seems likely, it will -result in one of Nevada's biggest and strongest incorporations. |