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Show cunimltti-- a i.ii:ii' i various il.ti:i nf i!:,to hilVi- - I'l.lri'tl (ii, LEAD MERGER v H.Ouo.f'ii.i. ;ipi!M:se the Uuiie.l i ..iid vililt f cash on hand, 'iimk ami proi'nwrs. It has befii ..VAL AGREE COMPANIES the preliminaries. rantrol Production. merger of the manufacturing planta of the and United Lead companies la task an accompllahed today nearer in time the at any previous of the negotiations, which have over a period of two en extending the Zlnc and Lead year, PL All the preliminary steps have much-talked-- of Xa-Iton- . his-jo- al ry ei. upon by Daniel Guggenhthe United Lead eim, representing L. A. Cole of President company, and Formal Lead company. the Rational at arrived to the agreement mUflcatlon to be remains yet these gentlemen hy een agreed although it la understood that United Lead comthe directors of the the pany have informally sanctioned was The up proposition agreement. before the directors of the Xatlonal Lend company, who held meetings on Thursday and Friday last. At the concmide, lusion of Friday's meeting President that no statement Cole announced mmld be given out regarding the proIf the gress made during the meeting. approve the terms of the the proposition then must be placed before the stockholders of the National company, who are about 4,000 In number, and who are generally scattered throughout the investing world, rather than a majority of the stock being closely held. A Wall street statement of the terms of the merger is as follows: The present capitalization of the National Lead company, $30,000,000 is to be Increased sufficiently to take over the various properties acquired by the United Lead company since its organisation, with a capitalisation of $15,000,000 preferred and $10,000,000 common stock, and a bond issue of $9,000,000. The outstanding bonds of the United Lead company are to be exchanged for the new preferred stock of the National, what little common stock of the United stock now outstanding having been used as a bonus in the purchase of The manufacturing plants acquired. exchange of securities of the United Lead company will not be a serious merger, to the fact that very little has actually been Issued. Control of the United Lead company, then, is to pass into the hands task, owing of the stock National Lead company, according to the plans which have been in The close control of the progress. Vnlted Lead by interests connected with the American Smelting and company Is such as to insure ratification of the agreement made through the agency of Mr. Daniel Guggenheim. The action to be taken by the directors of the National Lead company is unknown at this writing of the Re-lini- ng (Saturday). Thursday and meetings were held without gress AVING j;i liy .i f.. Lead interest to retire tile 7 per cent preferred stock of tin- - .ViHomil I.ea.1 company, with 5 per eei.t bond. tim giving the merger company but one class of stock. Common vtoi-- would then have been exchanged for the stock of the United Land company on a certain basis. This plan, it aid, was not acceptable to the holders of the National Lead preferred and was abandoned. The plan agreed on i ;,id to contemplate the issuance of stock of the National for that of the United, which Is now $15,000,000. The terms on hich this will be done are not known, except to the parties to the negotiations. The preferred stock of the National company is 7 per cent cumulative and has paid full dividends since March, 1892. Dividends have been paid irregularly on the common stock, but none since March, 1900. In 1893 the company's net earnings, after appropriations of $132,000 for ordinary repairs and $200,000 for improvements, were $1,569,009, and Its surplus, nfter paying 7 per cent on the $29,809,000 of preferred stock outstanding, was $523,-8- 9. A sharp trade rivalry has been carried on between the companies practically ever since the United Lead company was formed. The latter absorbed the Union Lead and till Works, which owned the Bailey process for the manufacture of white lead, said to be superior to and more economical than the methods commonly employed. The United company is said to have begun the hostilities with a cut In price of white lead, the National retaliating by underselling on manufactured lead articles, which constituted the chief field of the rival concern. The United Lead company was formed by the Guggenheims and Thomas F. Ryan, and its relations with the American Smelting and Refining company are considered to give it great trade advantages on account of the latter's position In regard to lead The proposed consolidaproduction. tion in conjunction with the smelting company la expected In the trade to exercise practical control of the production and manufacture of lead and lead products In this country. directors definite l Friday's anything being made public as to pro- accomplished. Directors of the United Lead company have held an Informal meeting, at which the details of the merger were discussed, and at its conclusion a statement was made public, in which it was declared that indications pointed to a success' ful conclusion of the merger. Pending the action by the directors of the National Lead company, neither Party to the merger was willing to discuss the subject The report of the however, proposed HOW COAL IS FORMED. Coal wua once wood and vegetable matter. Through millions of years the earths crusts have been subject to gradual and alow upheaval and subsidence, making contortions In the strata that were originally horizontal. In certain placez plant life has been buried, and age after age has covered it with additional deposits of earth'a material, until it hna been subjected to a slow distillation by the heat from the Millions of years earth'a interior. have doubtless been consumed in changing wood to coal by the action of heat, pressure, and percolating waters. The process is merely the destructive distillation of vegetation on an enormous scale for an unlimited time. If the distillation was complete, the pro duct was graphite, that being nearly 100 per cent carbon. If less complete, the product Was anthracite or hard coal, about 90 per cent carbon. If or soft still leas perfect, bituminous, coal, with 60 per cent of carbon, waa the outcome, and lower down would be peat, etc., with less than 40 per cent carbon. This Hot Season, if So, Buy Some of Our POTTED MEATS Will Be a Big Rush When Richness of the District Is The extreme Kuulheamern part of Nevada is dentine,! to have a milling, boom almoKt unprecedented in the history of the state if the stories of riches discovered in that xection mv to be borne out by fai the Reno1 say Journal. Sheriff Ing.illx of Ksmcr.ild.i county arrived in town yesterday and with him came not only the stories of the rich mine being discovered there, but also substantial evidence in the shape f a ear load of ore, the value of hich has not yet been determined. For years Mr. Ingall has owned and operated mines In what Is known as Tide canyon district. In that lime ore to the value of over $30.00(1 has en taken from his property, and yet is hardly opened up. "Nevada may have it Tonnpah and Goldfield," said Mr. Ingalls last night. Each of these two booming camps has s rirh mines, but the Title river rnuntry I yet to lie heard from. When Goldfield and Tonopah were unheard a small group of hardy prospectors ere at work in this district and taking out ore that equals, if it doe not excel, the bonanza camps. Tou are just beginning to hear from us. Walt until we get our mines opened tip nnd the vast unexplored mineral belt of the Tule is prospected. Depend upon It, we are going to have a big rush, and from the third link to the greateat mineral country ever opened up on the desert. There are only thirty or forty of ua down there at present," continued Mr. Ingalls, but we are making money and taking out ore that grow richer every day. The ruah will take place within the next few montha and thoae who have atayed away will wonder why they did not take the advice of their friends. Tule canyon may be located three milea south of hell and eight mile from Death Valley, aa the scoffer say, but depend upon It the new district la destined to become one of the greateat mineral producers In the history of Nevada." t, RICH ORE SHIPMENT FROM WHITE PINE MINE That old White Pine county is coming to the front In producing paying ore Is shown by the result of a shiptons ment of sixteen and one-four- Roast Chicken, Lunch Tongue, Vienna Salvage, Deviled Ham, Roast Beef, Veal Loaf, Corned Beef, Kippered Herring, Choice Salmon, Oysters, Etc. . Harmless Cup of Satisfaction Golden Gate Coffee The favorite among housekeepers who are particular, want the best and are willing to pay for it. Men and Women who are coffee. tlive enjoy a cup of fine And it does them good. There is health and cheerfulneis in every4 cup of Golden Gate. The coffee of all coffees. icious. At high grade grocers. J. A. 1 and 2 lb. Sold on merit. one-four- th aroma-tig- ht tina. 9 Old ' rollerReaalenCo.,of rUt rr..,i0 SL The world's famous opal mines at White Cliffs. New South Wales, discovered but a few years ago, have been so productive of the beautiful gem stone, opal, that at the present time there exists much of a depres sion in the district. To date It la said that these mines have produced nesrly $10,000,000 In opala and the pace has been so lively that there now exists a practical glut In the opal market The demand for opals In most every enun try in the world Is limited, the old time superstition still existing to the extent that makes a poor market for the beautiful stone. 8ure Cure for Piles produce moisture and Piles-Itchin- g Thin form, as well as Blind, Bleeding or Protruding Pile cured by Dr. Pile Remedy. Stops itching and bleeding. Absorbs tumors. 60c a Jar at druggists, or sent by mail. Treatise free. Write me about your case. Dr. Bosanko. Philadelphia. Pa. os THE TENT DEMAND I. FOR OUR ALL SIZES SHAPES PRICES A Summer Luxury; GOOD TEA 1 Can you tliink of a leverage so and a as refreshing cooling cup of pure, satisfying, delicious Tea? All classes find their ideal in tho sweet young leaves of liot-woatl- Japan's choicest product, in FLOUR 18 GROWING ALL THE TIME. BREAD MADE FROM THI8 FLOUR DOE8 NOT DRY OUT TASTY." QUICKLY AND IS EVERY SACK WE WARRANT TO PLEASE YOU. half-poun- d full-weig- ht packages. No advance in price on account of tho war in the Far East, lut Fruits and Flowers tm your want list, and order from your grocer. F. J. KIESCL CO., (EL IKKRY Importers Eye Time The Fruit. Season is here Don't warte time and money by doxlng yourself with medicine to relieve that revere headache. It no doubt I caured by strain on the eyes due to overwork of Mome of the dellrate muscles. A en refill examination here will he given you free and glasses I can mile not prescribed guarantee relief. Ws dont sell fruit, but wsdo (til tho goods you need to prszsrvo it at the tints you need them at prices you can afford to pay. Ws offer special prices on Granite, Iron Precerving Kettles and Pens during the next few days. HEADQUARTERS TOR STONE JARS WHEELWRIGHT BROS. PHONE J. T. RUSHMER, 2476 WASHINGTON AVENUE 147-- Hit 08. MILUNU CO. Maker th of ore from the Success mine, on the Summit at the head of Steptoe creek. Dan McDonald la the lucky owner of the mine, nnd, upon receiving a favorable reply from the smelter In Salt Lake City concerning samples of ore he had forwarded to that place, commenced to ship ore from the Success, says the White Pine News of Kly. Nev. The first shipment made last week consisted of sixteen and tons, or equivalent to one carload, and waa sold to the smelter for $1,616. The cost of hauling the ore by teama from the mine to Wells, a distance of 200 miles, was $222, while the freight rates from Wells to Salt Lake, the assaying, sampling and smelting Added an additional cost of $122, making a total cost of $344. Deducting the cost of shipping and other expenses, a return of $1,272 Is left for the lucky owner. The work of taking out the ore was days. done by three men in twenty-nin- e Mr. McDonald has a larger force at work now and will ship ore from the Success to Salt Lake as fast as he can secure teama to haul it to Wells. cause itching. Z. C. M. Just the thing for Summer Picnics Expert Manufacturing Optician 2412 Washington Ave. WASATCH The Biggest Money-Savi- NERVE VIGO A Ogden GREAT WaMteh Nerve Vlge ) drlielna brverege, phndlfl tonic and itiength producer. Jl combine the bent ntnublt tunic nil the more palatable aroinath . Wseatch Nerve VI and itrengtben the blood, regulate the dlgmtite and nenrou xyatem. relieve headache, iijrcpla, (lcepleiutneM and kindred uu. For g., Everywhere Manaiactured by X WE WILL ! Stock of Goods FROM THE You have to ueo some kind of coal svsn in summer. WHY NOT Cost Mark Every ono will remember our Cost Mark 8alo In March of this yosr. No article is reearved. This offer applies to all goods In our largo stock and will include all Fall Goods arriving during sals. All domsstie Sheetings, Shssts and Pillow Casas bought sine the fall in prices on those goods included. It. Doesnt. Cost. Anything TO GET OUR PRICE8 ON LUMBER, 8HINGLES, LATH AND BUILDING MATERIALS OF ALL KINDS, AND THEREBY THE SHURTLIFF 18-- X 4 or CO. TERMS DONT. MISS THIS TUNITY. OPPOR- - Yourself Money l Reese Howell Utah& Oregon Lumber Co I SONS CO. 18-- Telephone Call 2041 or 2407 Washington. POSI- - WILL TIVELT BE CASH. THE BEST? To Save Carried by: SELL ANYTHING IN OUR The STANDARD BOTTLING Co., Ogden, uta COAL ng Event in LIFE AND STRENGTH RENEWER $10,000,900 IN OPALS FROM AUSTRALIAN MINES A ? ORK ill siiiik. miliar wiili ilu neimt i.uioiiy tli.it. the TULE RIVER MINES COMING TO previous hitch in i!lt- had lirt-i- i THE FRONT. due to the desire r,f some of the 1'nited ON WiU Hava 8upr,m Or"tio" of Country' Load He iiiiiii-.,iU'.- iy.i .. aaaeggMru 143 24th Street Phone 561 |