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Show - ' ' . . .' The secoiid payment, on the control cf the 'Ohio Copper company was made by,F. Aug. Ilsinre last Saturday, and thirty days hence the third and la$t in ' eta.Hm.ent :wiU be . hand$d" over to the gentlemen whose stock was pooled last July for . sale, to the big- Montana mag-. mag-. aate. ; '-' " -Mr. Heinze is, however.- virtually at this time in possession of the property, and in fact E6T"been for' more than a month. -On January 1 the offices- will be moved from -the old headquarters in the Dooly block to the-headquarters of Mr. HeinzeV other Utah-euterprisesin-the McCornick block, and Capt. Dun-pan Dun-pan Mae Viehie's jurisdiction, as Mr. J Heinze's Utah man?er, wil be extead- . (sd to the new r-ropositioa ? , -, Among the-.large improvements to be freshed- torwardwili.be the contemplat- . ed 1000-ton oi'i.aJso tie big-shaft j whichis expected to extend, as time ' goes by, at least 2000 feet j A large quantity of machinery and equipment for mane, developments has , been ordered by Mr. Heinze for a month and instruction also that deliveries must be hastened as much aa possible. What waa the price paid -for the. eon 1 Jrol of this Utah bonanza mine cannot be definitely learned by th public. This is a secret, -however, which, will probably prob-ably -e disclosed s the months roll around and the true values of the prop ' erty are disclosed. It is admitted by frentlemen on the inside that the mine s worth a great deal more money, judged by the ores in ight at this time, than Mr. Heinze himself expected would be found when, last July, he decided de-cided to spend $50,000 of hi-, own capi- tal in exDloiution, for the purpose of (roving that the control wn not worth 5 per share and also to show the-former owners thai the tock was worth but about (Ictr share at that time. A story sometimes credited' is that the big block of share went to the new owner, on the basis .of ,$2.5C or $S per ehare. ' . Mr-'Heiaia' aeeured" 66700-ottof the total 1.000.00U shares, and if he paid $2 the investment called foT $1,334,000 cash. - ' -m ' A story that-the pnee.waa $15 per share" has received only partial acceptance.---- -' - - - The most of the stock sold to Mr. pr'uze came from the Catrowa and T friends of iiiamisville, O, also fi fTt few Utah people thxt possessed ho fr'zt which were s part of th pool. : Ae 'Tr these-were Thomas-VCeir, who a eaia o have let go of 45.000 of his - 60,000 shares, retaining-15 000 shares. Altogether there are -70 000 to $0,000 fharear-floating around for traders to bandy with. - .- - ''..-' Abont. three, weeks ago.. w.hen it be-' be-' eame apparent that the control would go to Mr. Heinze. bear raid waa inaugurated in-augurated by local people and the pnee was foreed down to $2.60 a level, at ares of the par-value of $1 a ahare I The first. ullotnent of 15.000 shares has already teen oversubscribed at par value and an additional allotment of 25,000 shares has been placed with B. K. Cobb t Co to be. disposed of at the. sametigure.- . Thj rcne shipped considerable high grade ore in the early- days, one car having netted $5000. No systematic development work was done, however, until within the last few months, when some o. the men-in the new company secured an option, on the property and proceeded to rove the ore bodies. Already there are 350 tons of ore" on . ! the d'-mn which will run $30 a ton, and ' the corerany will begin shipping at-once at-once sufficient ore having been blocked . eut in . the mine tc insure steady pro-. ductin- Necessary supplies for .begin-' ning active operations have , been? shipped to the property within the last few da vs. . r ... , . .. An inurense lot of ore is in sight, al-th6ugh al-th6ugh a vertical depth of only 150 feet has beer attained. T.1 irune was inspected thoroughly last w.el by Engineer J. A. Kirby and his report was most flattering. Aver&v assays taken bv him show that the entire ledge blocked out. which is from two to six feet wide, contains ore wbi.'b will go at least. $50 a ton, the assava'. running , from 9 to 204 ounces in silver and from 1 to 2 per Cent copper. The copper values are regarded as excellent for the depth at which they are founfl. MZNTNO BSHTS. Harry Lac sad Ey Jarman, formarlr ob tii Ohio Copper tat at Bingham, bar ba baekad for a year' prospecting tour into Karad by a nevly-orcaiiiied corporation witb $10,000 capital atck, and which ia taken by tbamaclvaa and William T. Sim, Garratt S. WUkia and Harry i. Robinaon. Th Jonrney int tie Eageburah State will btgi Decambar 1. Ctab Consolidated will declar diridend of probably $3 ehar Decembar 15. While the price la bt $68 to $94 par bar,tb earning are at the rat Of 82,500,000 per year, and the stock i considered a : good inTattaest at $7S to $100 per ahare. ; Th organisation ef th Arisona Ctab Cop-, per eoapanx, to operate a group 'of "rery promiting elairas mear Praaoott, A.ris-1ia-ben perfected in Salt Lake throagh th energies of W. H. Tibbal. Th officer are W. M. Joijea, president; 8. S. Pond, Tie-president ; K. C WaaTcr, aecretary and treasurer and J. r. Harding. H. H. Corairth and William H. Tibbala, directors.- ' k th Scranton xnjn, ia th Tintie district, dis-trict, a fore of fifty to sixty men is 'taking down onaidarabU qna&titiaa of sine and lead ore, and the future of the property under the present management is said to be rery bright. Tier 'baring been assured a sufficient'sup-ply sufficient'sup-ply of eoal for th future operation of the entire plant ia full, the oontemplated closing of the roasters of the Consolidated 3fercnr will sot occur. An output of 800 tons per day is coming Trod" the ' CefitentflaT Eureka and "750 tons from th EVirek Consolidated and Richmond to th toeal plant of th United State Smelting-, Refining: and Mining company. ' Th Seottiah . Chief snine . management .is getting out a-ear of . copper, ore, to show stockholder its possibilities for producing the red metal, ar well a lead. Th company has just marketed.- -oontignment-roi - th - latter -wkioh nttd--B50, v Windsor V. Eiee, president; Joseph Shock-ley, Shock-ley, ioe-presldeot and W. H. Clark, secrets ry of the Gibraltar Mines Syndicate, are. all in Kew York negotiating with tnaneiara, it ia said, for a sale of the company's great mines in the Bullfrog, Ner, district, and which are regarded as among the moot valuable K evade possessions of 007 held by Salt Lak people U th Sagebrush But. Th Etringbam group, located thraevuarters of a mil east of th extreme line of th Tom Moor property end ip. th sertheaat corner of the Bingham district, has - been takes under option 07 A. Lockwits. He be-lives be-lives that the mala or son of th camp, which ha been disclosed ia the Tom Moore, run through th Stringham grovPi and will prosecute aeTeiopment of hi newly-acquired ground oa this theory. Aa assessment of 8 cents per ahare was leTied by the directors of th Star Consolidated Consoli-dated company Saturday, A certified copy of th articles of incorporation incorpor-ation of th Utah Mining, Milling aad Transportation Trans-portation company, organized under the laws of the State of Maine, haa been filed with the Secretary of State. The company Is capitalised capi-talised at $1,000,000. The company ia interested inter-ested ia mining ia BeaTer county. Th officer of-ficer of the company are; C. M. Eobbs, president, William Thompson, rice-president; Fred A. Eobbs, clerk. Th principal office of th company is at South Berwick, Me., and th local process attorney is Angus Buchanan of BeaTer. I Tea Spaul ding, who is visiting his parents ! la Salt Lak, and his two partner hay already al-ready cleaned up about $60,000 from th Gojdfleld Daisy and tbry till own control of th stock, which was seljiflg three mouth go for do- cents ahsr end wag last week quoted around th $4 mark. Th Daisy ha Si. 5 feet of paying ledge aad Mr. Spaulding is confident that it best day is yal to eome. wmcn iney iei inero wuiuu u- muj . In buying the '70,000 floating shares; but Ene "movement proved""a"iailUTe so far as accomplishing the ei-ds desired, for the manipulators let out such long lines of the stock to dopreM its price to the $2.60 point that they have not been able to again secur it without paying a, handsome pr-mium. . When the bullish inflame exertea by'the rumcr Saturdav that the Heinae dear was definitely tlofcd-"the pnee reached $4.05, but it was weaker today. In. .sympathy witn the general Monday apatnetic conditions of the local mar- - ket, and sold at $3.80. .' ... Holders of the shares which are expected ex-pected to figure in further local trading are expecting to secure as high as $3 for the same by January X. and profess .lo have good ground for their anticipations. antici-pations. 0. The Ohio Copper company owns 1Z0 acres of (rround in the Bingham district, dis-trict, surrounded by properties of the Utah Copper eo-npauv. the Boston Con-eolidatecC,Hhe Con-eolidatecC,Hhe United SUtes. the For-tuna For-tuna and the Copper Glance, and was originally incorporated by the x. o-- o-- pook eomtany as the Columbia Copper - Mining company It was "old in 1883 to a group of capitalists from Ohio who ' formed the Ohio Cooper company. As recently as 1993 the property was of. - (nered for $10,000 to a well-known nu-. nu-. hing man of this city, who after a, careful care-ful examination turned the offer down. The estate was refused a year ago - by ihe Guggenhwms, who were asked tl.000,000 for it - VALUABLE NEVADA QBE. " A telegram from New York says that O. a kjcimes of the Enutsford hotel of i Bait Lake has arrived there, PJPT I tinbi.sir.tsa connected, with nir.rnining l-lT In Nevada. He is quoted as fikmg flattering sUtemeats regarding Pittsburg &lver Peak eompany j Wt, and which, he to creditedwith ftas-;rbine $s a' mine, with ores exposed In t aggregate o' $8,000,000, basing the velue of .the resources at $10 pei Ion. Hf alsojnformed the EasUrners lhat be has become Uterested-in prop-Prty prop-Prty in Inyo county, CaL, which has hine feet of ore of a value of $80 per ton. He told the New Yorkers also, according W the telegram, that Charles M- Schwab's property In the tame vicinity has ore exposed to the value of fver $2,000.000- SALT LAKEES BUY MINE. The old Zenoli mine, at Palisade, Nev, Las ben taken over by th newly-trganir.ed newly-trganir.ed Zenol Silver-Copner company, i-omDO-ted of the following Salt Lakers: fl o lloward. asaisunt cashier Walker Bros. bsi.k. resident : P. B. Delmag, vjee-oreidnt; W. M. Wantland, secre-ary secre-ary and treasurer, Joseph Lippman and f. A. McAllister of Logan, directors, the comvany is capitalized for 250,000 id D. 8mith, for the past severe! years mia operator in Ve-rada,-netably in Ely, where b bought th Cbainmaa mine la 1000. is guest at th Knutsford. Mr. Smith i th manager of th Or Sampling company of Basest, Ker. Th sampler, new searing completion, com-pletion, will bT a capacity of 150 tons per day, and will be ready to be pat ia commission commis-sion on schedul time, January 1 next C. C Wyli. of th Reliance Mining Milling company, operating ia th 14 Bullion, district. Lander county, Nevada, has just returned re-turned from camp with handsome aampta of high-grade or from hi company' property. Tb Iodine abaft be say, 1 bow- down distance of 170 feet and the true fissure giTe very evidence of permanency and strength Thar has been followed down about thre sod one-half feet of or in which copper predominates pre-dominates and which, with th cold and silver sil-ver it carries, has been averaging in value about 75 per ton. Or is eow coming out that is worth (145 a ton. .1. Tooopah is sending to th Salt LsVe market 2500 to 8500 ten of or per week. . The Mohawk bonania at (Soldfleld consists con-sists of two end-tin adjoining elaima and th or body extend from one end to the other There is a half-inch streak running up to $100,000 to the ton, while an ore body as wid as Salt Lak street averages S0O. Tb property is controlled by Senator Kison -and His friends. One year ago the stock was selling for It cents per soar. It will enter the great Goldield bonaaia mine merger known a tb Goldneld Consolidated Mine company at a raluatioa of $20 per share. ample taken the Loftus, Davis Sweeney lease on the Combination Fraction property, t Goldneld, are heavy sulphides, showing free gold in dull pieeea as large a man's thumb- and seams of bornlt running through the quarts in widths Tarring from that of a knife blade to streaks an eighth of an inch wide. This boroit carrie (old at th rat of Cripple Creek ayWanite, tmt instead of being combined with silver, carries little eopper. - It is claimed that there is also tellurium in the or. t Fin showings ar being mad by the Hot Onion and th Talrriew Esgl mine t Fair-riew. Fair-riew. Kev. Both ar wel located with .relation to big mine. The Eailsten is also forging to th front with good or and tb leasers on the Montane are taking out rock that will ship. . Eighty tons were shipped from . th Nersda Hills mine last week. , ... ? - ' . - ' " .' ' ' , .: ' " : : - ' |