Show SHAREHOLDERS oi Of THOMPSON QUINCY GET CT A STATEMENT A A A statement has been sent lent to tg trie tle shareholders rs of the Thompson I Mining company by President Frank Ha- Ha lai la- i which is I. as foloI follows After many years years' ar fruitless effort dror th the much desired consolidation of the W West st Quincy and Thompson Mining companies was finally finly effected and th th new ne organization organ organ- oran which took over the ownership of the property P Y owned d by both the old companies nf and k known a as the Thompson Thompson- o Mining company compan was perfected during the present yer In exchange for tor out of or a 0 total authorized Issue of ot shares hars perpetual easements ease ease- ments merits were secured 1 from the Daly Dab Daly- Daly Vest Veat et and Ontario Mining companies which secure to us perpetual drainage way of and other valuable privileges le leges legee s. s t I Work Started In i May I In the month of May Ma active work was as asb b begun gun on the company's own ground through a I contract with th tho West Daly Wet Mining compa company Under a Yen very erv favorable arrangement ement the West Daly-West Daly ct Mining company com corn pany peny began to drive a I cro crosscut tunnel on the West Daly-West Wet Dal foot 1200 level le in a a southwesterly southwesterly south south- westerly direction toward towal the old J. J 1 I. C. C o West Vest Quiny shaft haf This tunnel has b been n driven about feet teet in th the com com- ron rany rny ground and Is Boot feet at atine atthe the ine ll face ace from the thc West Daly-West shaft shat The roll coit October of r this 31 I 1 was work to this rc for company which rc we eul up have a to ex executed our not note bearing 6 per cent in interest In- In l terest payable to the tho Daly West t Min Mm- Mining Un ing company Monthly payrolls arc now it lw lAnO loO 0 and air powder fuse use ln and all al supplies r le amounting to about additional y y i y resident president after proper consulta- consulta i Io mia and advice r i thought ug pell It advisable f t 16 Continue the crosscut tunnel on a st course southwesterly from a aJ count J nt underneath the collar Iolar of nf the tho J. J I. I C. C southerly S t and d 1 shaft running rather parallel I than la with I to t th level from which drilling oper opera opera- were tf conducted The principal reason rea rca son sT for or this action acton being that after tea reaching f a point vertically beneath the hD I I of m of the te drill hole hol holf from the old HI I level e- e I. I that we would have hae a raise 0 feet t to the contact A raise rais fort for t tb distance would Involve the Installation t tion 1 of ot power for tor the tue hoisting of tim tim- tm- tm and d supplies e etc and d had bad d air t be be an I inevitable b result u On t the oth nt t t hand the the farther west nest we e go 0 the eUes' eUes we will wil catch the contact contaCt on its Is Isn n a shorter raise to the vein will 1 ruu result t Out dut S rp g Fissure At about abut feet southwesterly I fr from the J. J I. I C. C or West est Quincy its its- w w a. a ha have e e encountered erel a very ver strong fissure fl fis Pa- sure ruN with wih a course ourI approximately south o dp degrees ees west Wet and dipping about 60 d' d degrees TP S to the north Your our president has directed l that be beginning November 1 I wo ot will wi be bl dl discontinued on our cross cross- cu tu rut tunnel and Ind drifting taken up west west- th the h u of the h fissure e. e It ItIs Is that between t p and feet In in cours TV will wi ill bring us to the i bet between n the Ontario quartzite and Park CI City limestone which courses northeast and southwest at an avera average e Up dip of or 30 de degrees decrees es to the northwest Should we we within the next 00 OO or nr feet along this fissure discover suitable Editable evidences of Iza ton w we e eI will I eele such such sucha a point from which to raise ralle to the con con- COI- COI tad which will wi be hI within easy reach at Ht that time Once on th the contact we will 11 drift along its course seeking for tor forthe torte the te ore deposits of Df which It Is the lle parent parenti par- par ent as ss demonstrated as-demonstrated h br th th history of ent mining In the the Park City district We may som som Interesting developments developments develop develop- ments shortly after the opening of ot th the no year ear The J Daly Daly West est O 1 level le I is c. c our 1 1700 ll-el ll level as ss th th th- elevation fra ot- ot the f-the t- t the collar colar of 0 tIle the th J. J T T. T C C. or West est Quiney shaft is 45 feet higher than tha that that thata of a the Dal Daly WestIn West et In In conclusion we f ha- ha hae e to report that i an n agreement has hen ben r reachel with lh the holders of of certain outstanding Inter Interests ts tsIn in th the old West Welt Quincy Mining company company com corn pany any Whereby deeds to these thee Interests will will will-be be delivered to th the wi b. b Thompson Quincy c company In exchange ne for shares of treasury treas treas- ury 1113 stock Nf Negotiations should be closed cosed during the te year Report of Secretary Th following extracts from the report of Secretary Arthur L. L Thomas contain contin of ot the company corpany The articles provided pro for shares sherea of or capital stock stok of the par ar value of 1 e each eich ch shares share were subscribed sub sub- sub sub- scribed for tor by the lea leav- ing share sharee-ln sharee the treasury of the corporation Of the 0 shares bares o subs sub sub- s for tor 90 s Ihl es were placed In the name e of W. W R. R n as trustee I for thO the West es Quiney Mining R I company shareholders 1 and 33 shares ar tn in f. the narn nam of Arthur L. L Thomas as trustee for foJ t the I Thompson Mining ff m- m om- om II pan pany Rh shareholders reh Of or the tho 90 shares for far the the- West Yest Quiney shareholders have hae been Issued leaving in the name of the trustee shares Of the he shares for the Hie Thompson Mining Minie- company shareholders hav hae b been bean n Issued leaving shares In in the name tha-name name of the trustee r Of the treasury treasur stock tock shares sharps w were re issued to the Ontario Silver Mining pr compan- compan Daly Mining company compan and Dal Daly Dalye eh e t Mining C-Mining company in full ful p payment ment pf t the easements casements granted to he the Thomp- Thomp on Consolidated Mining com com- as 0 set Elt t forth In the agreement eg duly duh ent entered rec into Inlo between tho the companies in be be following proportions ard and refer referred d I o 0 In the report of the president of the i Shares Ontario Silver Mining company Mining company COmpan Daly West Mining com company pan leaving a a total of shares in the treasury of the company compan Progress of Work In Tn Ma May 1911 active work was as begun ext extending the drift or tunnel which runs from the foot 1200 foot station staton of the Daly West Vest est shaft shaH The Da Daly West company at at- its Is own expense had run the drift or tunnel to the intersection of the th Dal Daly Vest west and and Quincy Thompson lines and Inel ad Work prk was as begun at this point Int by the Thompson hompson QuIncy compa company compan ny and has D b been n continued d until the he present time The pr progress gre of or the work during the months was as follows Nay 1 1011 H ae feet hune lUn 1911 1015 82 s S tee feet 1 1225 1223 feet August noil 91 1295 5 feet ember 1911 1311 95 95 S feet October er 1911 IS feet Total feet The objective point under the old West st Quincy shaft shaf was s reach reached d at the end of or September and from there thEre driftIng drift drift- mpg Ing was commenced towards the contact It li Is believed this development It I work will wUl lead Ild to th tha uncovering unco of or remunerate wt tire tive t e ore bod bodies It The The receipts of the company to Oct Oc Oc- Oc- Oc t Sober tober 3 o 1911 1915 amount to and and the te disbursements to leaving a balance balace of ot c cash h on hand band of 1801 The Indebtedness of the thE company compan oi on on October Octo Octo- ber bel 3 31 1911 was BOSTON WOOL lAR MARKET MARET T. T BOSTON BOSTO Nov o There 21 There has ha been bead a ar r revival I al of activity in hl the wool market with Ith the demand along broad brod lines and values values- holding steady teady with wih a a firmer tendency e n The feature ure of the market Is the IniZ inquiry In- In iZ f for r middle west fe fleeces ces of lower grades Ohio quarter blood bloo brings brings- with Ith Michigan a trifle lower Fine ne ter- ter c i staple sells sels at or clean and transfers run rn fairly Interest Inter cean est eat In Texas wools continues and twelve twelvemonths twelvemonths months brings ehe clean Pulled wool cean is dull dul I |