| Show W v OPTION ON THE TE THEOAL DALTON OAL TON LARK Gingham Bingham Company Secures 60 Day Refusal for MINE WILL BE l PUMPED OUT liEn nir Jr Cd Sprain ul 11 SIte Hie Con 01 oil frI Willard P F Snyder the well el known mining operator returned this morning from rm an art extended trip tip to the East Ea t I Since Mr Ir Snyders SnIts departure a mm I few j I weeks ago ngo the closing ching of ot a IL big Ig deal was wag 8 recorded by which Mr P 1 L 1 I of at Sharon Penn bought Ihlo T 1 Interest t In II the Dalton Dalon Lark Lirk lk deal enl Now Mr Mm 11 Snyder announces an OI option opton on the famous group loUII for or The rho report In n a morning moring paper nater that the tha property has hat been told sold for tor bout about Is not correct though thought It If the examination proves t th the property will wi be bc brought brough within the next CO 60 days The fhe option opton has 1100 been se secured cured liy by the Copper Cup per and told Gold company and has ha CO GO G days day to run from Crom April when hien the terns terms terl were teru wert agreed to It I requires the payment of ot 2 00 rash cash and In Inham Hicham stock The deal was made matte by b Mr Ir who now no holds holls the tho balance of power In n the Ule Dulton Dalton Lark Mr Ir Snyder has already been ben to turn tur the te property over to the tie representatives of ot the company und and une the tho examination of ot titles will wil begin eIn at once The company Is 15 II also preparing to start up 05 the pump at the mine In order to allow alow examination to be made The mine Is now practically full tul of water The thc water covers every level from the 1050 up to the 70 and several In work will wi b be necessary to empty Time Tho TI activity In the stock at 11 1 cents a ashare ashur share shur on the exchange today toay Iw II i due lue to toa toa toa a a misunderstanding of oC the option opton which requires tho the payment of less than 11 1 cents a 0 share on July Jul 9 Mr Ir Snyder says thil II is al all the shareholders cnn can hope to receive for tor the stock as O the lIme share shareholders shareholders holders holder owning of ot the stock voted last bat year car to sell sel the property at lit ata litI ata a I certain cerain price Two claims colls are all ni that were kept out of at the group AH Alt I the others are practically cold for or 1200 The minority shareholders have the thc option therefore of or accepting about 10 4 cents ntH a n share hur for or their stock or keeping their stock which wilt will 1 only represent an nn am Interest Int In two tO claims and one part varL ll rt of ot It a Interest In II the thc property of ot the Placer PIncer company It would appear front from the above op option bit tion that the Ingham company com pan Is f i working out ou some sonic deep def 11 laid and ond far reaching plans The fhe present smelter tins has been so 50 successful that the com company pany 1 I its reaching out to obtain new arena areas of similar on ore bodies in lii II the Dai Dal Dalton ton Lark Irk It I Is also ulso reaching out to secure the fluxing fux II ores ore of time the tl Grand Central and nU Mammoth of Tuttle and by b combining them snake make IRke one of ot the strongest and amI richest mining companies In the West STAn CO CON OTIO Mr U it I Today and 1111 Talks falks of tho the oo Love Level I i iCon Packard the Star President Milan Mian of Con came clune up from ruin the south today and andIn anI andin In response to Inquiries regarding rc the Star Con option he hI said that tha t he lie will wi know this week elk whether his verbal of ot offer offer fer to part with wih his hl holdings at lt 10 a n ashare ashare share will wi be taken up lp This Thil offer was os mule made some mine time ago aJo and anI since Ince that time the mine has hns hen been examined by Mr of this city Mr fr Packard says ho lie 11 has been offered a 0 nice little sum sunt from front other parties for tor the chance of ot getting an option ollon on the property but he ho wilt will wi not do to 10 anything until this week Is 18 over or Mr Packard will 1 sell sel for a fair price ns its owing oming to his falling health he Is not able to give the big Ig group much attention He lie Il Is as cone con confident on Ment as ever eer that thud n a big bit mine amine will wi be opened op up In the property whether ho he lives to Sf 0 It or riot not not Mr Ir Packard reports the north and south chutes of ot ore are encountered on their downward course on the level Jewl from which some comae ore very ery ver good ore ere Is IR being eln extracted Time Tho The lust last shipment of or two to carts cars car netted the company 1791 Mom MOUI S S in II hose tho lImo Big U Biggest KI gest t Slack In Iii II the tho r t Plans of ot a new smelter to bu hi bl erected by y the MutIng Mining com roam company pany have hae been n prepared by b Mr lr leo eo IC K Fischer Ficher They The wore wel forwarded lot East last night As Ax at present outlined the company will wi erect Hert one of ot tho the largest stacks In the tho West West est When Shen seen today Managing director A F 1 Holden 1 en said soll the smelter will vili be ba pushed to completion ns as IH soon loon as lS pos possible I OS sible sibie The Tue site sie ties lies les west we t of about fall tal half a mile mie It 1 was surveyed last The air Is so 90 full ful of or smelter talk that people have some Jome doubts as to the tho cur cor correctness of some Home of the rumors It I Is II pretty prel sure that the above smelter will be built buit however ami that the time com corn company compan wi pany pan will 1 secure Its Is sulphide ores orts from Zone None one of these twe ores occur In and amid th thit smelter cannot be lie hI oper open operated without them It 1 Is II therefore sur sun ml ed that Mr Ir Holden wih character litie farsightedness hums lias Il secured a rate for the ores tree of the States Statts prop I erty erti et In their conveyance to Owing to the heavy hea ore ole shipments from Tintic the tho railroad company hilts has to run numberless empty cars care carl Into the tite camp Rather Bather him thun hum do this It Is tl probable that the company tins has hal offered otred to haul States ores oren or for tor time the proposed tl smelter at a minimum rate U It I will wil he much cheap heRp er or ley Icy than hauling Tuttle ores to this val al rIser Marlon Consolidation Con Regarding the consolidation of at the Ihn Geyser Marlon Gold GIe Lust Dust DUlt Sliver Silver Lode Iode and an Rover Hover Joer properties lee Mr Moon says R he knows of Inos nothing definite as far ns as the Geyser Marion Marian Is lit II concerned Noth ing lag will wl be 1 done don until May 10 when the redemption period of ot the he Geyser Marlon Manlon smile sale expires Mr Ir who vho bought ought In iii the thit 11 property for tor or S SIns has Ins been heen paid all Jl through the th sub of or some of this the stockholders and Mr Ir Moon ton says 1 this the th balance hIance of I 2 will wi be I lull before the end of the time The he title tithe Ille to 10 th thi II property will vIll wi then be e clo rl cloar r and a consolidation wilt will probably be b effected wi Utah The of the Utah Mining company this afternoon and de tie elaNd a of 2 c nt tier per Jr share or JIOM 2000 0 payable on the last ahr The I r I U books book close cose on Ott April A Mth th The lime rl mine mimic U Is g tonkins tl tO be well The company has hal Just Ju t marketed a shipment COllan of ot high grade gr de ore ana another lot I Is 3 reported to tobe tobe tobe be en ln the te way 1 flohl lohl In I a Quarry Special Correspondence corN o dence Prove F P W V C Hath II U q over ovet OCI discoveries of at gold and 81 bearing on his slate quarry In Slate canyon east of ot Afa show 2 24 4 gold and nd 34 U per nt r In n one on sample nm 90 gold 1 44 ounces lOp JI and amid 3 ao tier per cent copper told In II one Developments will wil bo be o made to the quantity of ot this claNs clasi of ot ore It t Is la said sald lale to be In a well cal develop d vein wel New Ne 1 lot lun of O Incorporation Imi ii have been heen flail died with wih the clerk lerl of Weber county of ot the Gold Mountain loU Mining com coin company compan pan pany Thoi thO ho J H is 1 Pierce II 1 C r Charles Hilton Hion and J JD JD jB D B ire I retho tho th nul Tho iho capital it K of the company is placed at nt HOM Into shares of ot the par lar v lue lle of bt one on cent a I share and andIs Is l le Thomas Champ Champneys 1 I iS J H II 1 Pierce vice H IC C Lawrence secre seere secretary tary tat and treasurer they with the others named above bote form tho the directors of IC the thC company The non new nw corporation will wil the ite Cyclone the Monitor the American Eagle and the he Black BIck Diamond mining miniM claims situated in inthe Inthe Inthe the OoH GoU Mountain M district in Plute county The length of or line for tor which ty tip yem n the tbt company c shall exist Is la lit fit litty ft IN 1 The he Dull B k of ot had hod live cars of ot ore ON cu un 01 the market today t o ril Thre can cu of t ore or were on tho the market toW front from the h Carisa of t Tintie The Of ot reached the market Wf today with ten cars ears of at ore oreTo Two To cars can car t o nt ates were 0 thc market today from the of ot Three cars of ot lead ore or were CI m in the market today loday from the th Mammoth of Tintic Fourte cars ar of r concentrates were reported today tad y from the Hilt of Stockton Wiard Smith expected to go out ott to Silver city this evening to look Ionic over Or the Wen Vest Wel Homing Glory property The sampler sam fIler report cd ed eighteen cars of vf ore from Crom Tintic fourteen Stockton and two from A small email shipment of ot ore tram front a It Ii toot foot shaft phal In Willow Creek district 1 near l all Idaho Is reported to have I been extracted by D 13 DL L Hall which as i rayed el per pc ton Otto Oto Hudson reports some lome very vcr rich ore on the Pacific company property In canyon c ayol but ul ho he says sa haa h been heen encountered at nt the time depth of 70 feet In the shaft The ore Is ha II said Mid to curry carry corr a as as 11 1 ounces i gold per ton toni alt liaise Hols Statesman Mark fark Price speak ing lag of th the Bernard oil all oi well which he has his been boring bin near says that he struck oil 01 nt ot a I depth of feet In Inthis Inthis inthis this Having reached a depth of ot feet oil ell 01 Ceased ensel eased to flow fow hi com coin commenced at a depth of feet teet Of Ot the Thunder Th fountain property sold otil soh last rear fear r i to Col Cot DeAvey by b Cite Can Canwell well wel brothers the tho colonel Is IB reported to have hare said alJ a afew few days ago aO that It ex ox exceeded exceeded all aU alibis his hll expectations The lime hc Nam Nampa pa ia a lila Ida Leader says two mills mis have hn e been ordered from Chicago The Tho mines mimics are located l about ICO 1 miles from Crom Nampa Idaho In a a very rich mineral minerai section Emery County Count Progress Fred Free Mit Mitchell t chell cheil of ot Rait Hake came down from the north Wednesday und and on the time follow following ing lag day dai ta accompanied by Paul Judd de departed d parted for the tM th desert In the tue III neighbor neighborhood hood of oC Sinbad where he will wi examine several acres of ot oil aU land lane In the Interest of ot Salt Lake and eastern parties on which they the hold an nn option opton Samples of at the Sinbad oil ant to Salt Bait Bai Lake gave such Huch good analyses at as al to attract a fa ta favorable a Jo consideration of ot several men of means A New York says sn An adjourned meeting of the thie directors of the American smelting RefinIng com coma company lInn any was wai 3 held leh yesterday esterday and the tho by bylaws bylaws laws were wm amended to permit of a rep rest representation In tho the directorate of ot the plants were recently absorbed ITi by b the company The number of or directors was Increased front from sixteen to the new now meat mem members liens hers being the five Ie of ot the Guggenheim Brother Daniel Guggenheim waa vae M elected d chairman of ot the tho board and ane Si Simon SImon SImon mon secretary r r II Child stork lork Broker 4 09 Telephone |
