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Show ly that the two companies' may- oon become one.' . , '.v- . . . ; AiTain of Bingham Central were dia-cnsaed dia-cnsaed at tie i conference yeaterday.' Sharea to the number of 100,000 remain re-main in the treasury, and there ia a eash rorrlna of .$36,000 on band. D. C. Jaekling,' manager, reported rthat during dur-ing -the last -Tear 6000 feet had been worked, and that two great or bodiea will aoon be uncovered. ' 'Following are the officer. eleeted Tor th- coming 'year: s Samuel Newhonse, preeidentj- D. C. Jaeklingy Tiee-preai-dent:' W. M. . Bradley, : secretary; Charlea Whitley, treasurer; James , A. Pollock, director. ' TITLE' TO ' UINTAH CLAIMS. WASHINGTON, D. Cn Jan. 13. Senator Clark of Montana today introduced intro-duced an amendment to the Indian appropriation ap-propriation bill providing that the" title of the Raven Mining eompanr to sixty-three sixty-three mining claims on tne tJintah Indian In-dian reservation found by the Interior department July 3, 1905. to comply with the act of March. 3, 1905, shall be confirmed. con-firmed. ORE AND BULLION. Ore and bullion settlements yesterday yester-day amounted to $67,000, as follows: Silver, lead, gold and copper ores, $22,-000; $22,-000; base bullion, $45,000. TELEPHONE FOE ROSEBUD. Several Bosebnd operators, including a number of 8alt Lake men, will organize or-ganize a company in a few days and incorporate to operate a long-distance TABLET TALK WITH SAMUEL NEWHOUSE Tablet talk with Samuel Xewhoose: "Have you read those articles appearing appear-ing in leading Eastern magazines and newspapers lately, condemning Nevada mining stocks!" "Yes," "What do you think of such proceedings! pro-ceedings! " From under the black thatch of eyebrow, eye-brow, two little, bright little, quick little lit-tle eyes blinked, the mouth tightened into a humorous smile and 4 "they're misinformed, that's all." "One of .the more prominent magazines maga-zines even went so far, Mr. Newhouse, ss to denounce all mining stocks, and strenuously advised people not to invest in-vest in anything looking like a mine what do you think of that!" One eyebrow caressed a lower lid, the mouth screwed up again, and "Well, people are still investing, I see." Time 1:58. Moral buy stocks. BUILD $10,000,000 SMELTEB. BOSTON, Mass., Jan. 15. Announcement An-nouncement ia made that the holding company under which the Nevada Con-aoliaated Con-aoliaated and Cumberland Ely company are to operate rs to be the step to the Smelting Mines company. It is also announced that the smelter will be erected in the 8teptoe vslley and will be called the Steptoe smelter. It will cost $10,000,000 and treat ores of the above two companies exclusively. The organization of the new concern is as follows: S. W. Eccles, president; W. H. Smith. Philadelphia, vice-president; Messrs. Eecles, Carl Eilers, Edward Ed-ward Brush, Willard 8. Morse, Judd Stewart, all of the American Smelting; T. L. Herriman, of the GugiVnheims; I'ntermeyer and Marshall lawyers; W. D. Thompson, James Phillips, Jr., and W. Hickley Smith, directors. TEBINQTON'S FINE STRIKE. Local officials of the Yerington Copper Cop-per company were advised yesterday that workings in the lower tunnel had entered a rich sulphide zone, uncovering uncover-ing the pay streaks. Ore assaying 15 per cent copper was found at this point in the tunnel, which is 300 feet long. Near the mouth of the tunnel another rich vein was revealed on a crosscut, which later proved almost forty feet wide. A deep shaft will be sunk at this point. Work will be pushed in order or-der to reap the benefit of these discoveries, discov-eries, and considerable machinery, including in-cluding a hoisting engine, compressor and drills, was forwarded a week ago to the mines. MASON VALLEY PLANS. Returning from the East recently on a trip to finance the newly-organized Mason Valley Mines company. George E. Guon said yesterday that all of tne stock had been disposed of according to the plans of the company. "The new company,'' said he, "has been organized with a capital of 1,000,-000 1,000,-000 shares, par $1. Of this 400.000 shares were set aside as a treasury asset, as-set, and the remaining 600,000 shares are to be divided among the shareholders sharehold-ers of the original company. "Of the treasury stock it was decided de-cided to sell 100.000 shares at $1. I sold 75,000 shares in the East and had intended in-tended to let Salt Lakers have the other 25,000 shares. "Since my arrival, however, I have found that the shareholders in the original ori-ginal company are averse to the stock going to the public, so it has been decided de-cided to let them take it up pro rata according to their present holdings at the fixed price. ' ' telephone line between Rosebud and Humboldt, Nev. The line will be what is known as a return circuit, and will have two wires. It will be thirty-five miles long, and will go straight across the desert from the camp to the town. The estimated cost is $8500. A number ef toll stations sta-tions will be located along the line, which will be modern in every detail. Reports from the Rosebud Rattler mine indicate greater wealth in ore than was at first supposed. Details have not as vet been given ont( but it is understood thst a great strike has been made. COFFEE AND SUGAR, NEW YORK, Jan. 15 Sugar Raw. quiet; fair refining. 3c; centrifugal. .96-test. .96-test. Sic; molasses sugar. 2(c: refined steady; crushed. $5.50; powdered. $4.90; granulated. $4.80. Coffee Quiet; No. 7 Rio. 6c. METAL QUOTATIONS. Silver $ .61 Copper 23.55 Lead 6.00 HE'S A POET AND A MINER. Modesty, mining and muses these are the three things which distinguish Clarence E. Eddy of Idaho and the rest of the world, besides a broad, winning smile which takes in his lips, eyes, chin and ears, and a soft mild, cooing .voice. Eddy is from Idaho, and docsn 't care who knows it. In the Wilson hotel ho-tel today he wanted to tell a great deal about the Loon Creek district, but modesty stopped him. Then mining got the upper hand, and Eddy hinted at millions of dollars of gold taken out of the district last year, which wasn't hear of because people were full of Nevada. "In the early '60 's," said Eddy, as he pulled out a book of his poems and they are real ones, too "Loon Creek was worked as a placer district. About two millions was taken out this way. and then the district petered out. About five years ago 1 went there and started quartz mining, and now men up there are getting rich every day. MINING NOTES. The Biscuit mine is hoisting fine or from th 9O0-foot level, although considerably consid-erably handicapped by great drifts of snow. New strikes on rarlsa will be developed with a vtew of opening up new ground. Fine bodies of ore were found on tli L'OO and 300-foot level. lally shipments of one carload Is the average output maintained main-tained by the management. Development on Cherry Creek claims of the mining company of that name have been so satisfactory that a concentrating plant on the ground is thought necessary bv the management. Old workings of the mine are showing up extremelv well, one old tunnel at S0o feet from the entrance revealing a solid body of gold, silver, lead and copper from six to twenty-two feet wide, and assaying tZ2 to the ton. Cnllsted stocks fared as follows yesterday yester-day on local exchange: Bingham Standard. $102191.20; Ohio. $4. 905 4.75 ; Nalldrlver. 43c Kevstone. 25c; Clntah-Treasure Hill 0c; Federal Ely. 5c ; Ely-Witch. $1.95. McDonald-Ely. Jl.50f?1.60; Kearns-Ketth. Kearns-Ketth. $5.255.35. Park City shipped as follows the last week: Pounds. Palv-Judge Dalv-Judge middlings .43 .oo LitMe Bell J- yK,ng :::::::: 5 : Daly West Jll Total 1.285.300 Following Is the directory elected yesterday yes-terday at the annual meeting of stockholders stock-holders of Iower Mammoth: A. C. Ellis, president; John Dern. vice-president and general manager; W. S. McCornlck. treasurer; A. Reeves, secretary: A. C. Ellis. Jr, J. J. Stewart. V. L. Fulop and M. P. Braffet, directors. Judge L. O. Ray. president. W. S McCornlck. Mc-Cornlck. tressurer and director, and Zeb Kendall of Tonopah, director these compose com-pose a portion of the directory of the newly incorporated Oreenwater and Salt Lake Copper company. Little Cottonwood claims of the Laura May company look so good that consider- 1 able money will he spent soon for a new compressor plant and machine drills. Sixteen cars from Ctah and one from Nevada were sampled yesterday at Taylor Tay-lor & Brunton; Pioneer sampler, Ctah five, Nevada two. SMELTER REMOVAL NOT DECIDED Nothing definite concerning- the eon-templates eon-templates removal of smeltera from Salt Lake vallev was given out yesterday by William G. Sharp, president of "the United States Smelting. Smelt-ing. Refining and Mining company, who arrived from the East. Recent reports alleged to have been authentic regarding affairs of the smelters smelt-ers in this section, were declared by him to be entirely without foundation. It is likely, however, that some decisive move will soon be made by smelting companies. GOLD BUTTE'S PURCHASE. Five claims known as the Eureka group have been purchased by the Gold Butte Mining company, composed in the main of local operators. The new property is located about twelve miles south of Gold Butte, and lies near the Colorado river in Nevada. Great values have been fotind on the Eureka claims. Ore assaying $12 to $128 is a common thing, and one vejn forty feet wide and full of rich ore has been uncovered. Enough ore is piled up on the Eureka dump now to more than pay for the claims, it is said, and enough remains to pay for the erection erec-tion of a fully equipped five-stamp mill. MERGER 18 CONSIDERED. Much deliberation was given yesterday yester-day t the annual meeting of the stockholders stock-holders of Bingham Central to the proposed pro-posed merger with Bingham Standard. Samuel Newhouse stated that he had conferred with certain officials of the latter company, and that while nothing definite, had been arranged, it was like- - - . - '- . . ' |