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Show WEST END CON. HAS A BIG INTEREST IN TONOPAH-HALIFAX Rumor haa been aet afloat thai the H'nt End Consolidated Mining compauv haa obtained control of the Tonopah llal-irax llal-irax mine. The Weat Knd I one of th F. M. Borax) Sinlth'e properties, and lie I aleo president of the Tonopeh Halifax. It i possible that he has turned hi Halifax Hal-ifax over to th Weat Knd company, but nothing can be learned locally of th transaction. Of the deal a Nw York report haa the following: "What I possibly one of the mot Important Im-portant deal ver conummted In h I Tonopab ramp waa the announcement last Saturday that th Wt Knd loin had acquired ToO.OOO ahare of the Hall-fax Hall-fax (Tonopah) Mining company. Th Weat End Consolidated, a la vll known, la controlled by F. M. (Borax! Smith, and It waa at the recommendation of Howard 8. Brady, recently superintendent of the Tonopah Belmonl. that Mr Smith and hi aaeociatea took control of th Halifax property. "It will he remembered that th great Belmont etrlke w mad Ip December. lo. Mr. Brady Immediately aaw th great prospective vain of the Halifax property and earnestly besought hi Belmont Bel-mont superior to at-qulr that property while It still could be had at a small flg-ur. flg-ur. Of cour th Belmont Teln had not then extended to within 170 feet of the Halifax property, and the Belmont people never expected that It .would. When they finally realised the great poaalbllltlea of the adjoining property. It wa too lai to Elck It up at nominal figures. 'Borax mlth and his associates paid Snetor Tom Keam of ftait Lake and hi partner a figure per ahare for control that put a total valuation of IXOO.OO on th property. proper-ty. Then they old treasury Mock at 11.21 a hare, giving the property a valuation valu-ation of is.W0.0O". . . "Bealdea the ownership of one-half th outstanding (took of th Halifax Mining, th West Knd Consolidated has claims Itself to consideration. First of all. It has not sold below uO cent a share sines early In the spring of 111. Th mine naa upward of flv mile of underground development, de-velopment, besides a large tonnage of developed de-veloped or reerve. It haa neerlng completion com-pletion a mlU which will have a cspacl y of from i: to 10 tons a.day. This mill will be ready for operation early In Hep- tember end Ite earnings will be Immedl-stely Immedl-stely nvallahle for dividends, as the West Knd Consolidated haa no debts. In addition ad-dition to this, th taking over of the Halifax le of marked Importance to the stock holders of the company, as eome Idea of the Halifax property can be gained when It Is staled that an underwriting syndlrats has )ust been formed In Tono- Kh. Sen Francisco and New Torn to a ovr leo.ooo hane of Halifax treasury treas-ury stock st II. per ehsre. Developments Develop-ments during the past eighteen month, and especially In the past few daye.,ln the Belmont mine, which endnnee the Halifax on the west, are of she greateet Importance. Reperlally the new Btmont vein, Juet discovered, on the It 00-foot level, which le heading directly for the Hall fax ground, makee It n foregone eon-eluelon eon-eluelon that the lucky holder of West Bnd Consolidated stock win rp th benefit of the -enormoue value, now dla-cloeed. dla-cloeed. of tb Halifax property." Ladi' free day at Saltair Friday, j |