Show M affail ul sirs 0 1 das 0 continued aiom page 1 0 mckinley hoist will be started saturday the new hoisting equipment of mckinley binning mining company will started up op or saturday according president W D myers the hoist transformers etc are in hobt ua tion and connected up to the power A new now foot cable is being put today and everything will be ready read for sinking tomorrow ae As stated in these columns it is the in of the company to put shaft down a couple of hundred further before drifting work on smelter the new smelter which la is being erected near silver city will be blown in I 1 about the first of next april and perhaps a little earlier earlie rif if cosof possible ble 11 ork upon the plant is progressing in a very satisfactory manner and the stand which the smelter trust has taken makes the promoters of the new enterprise all the more anxious to get the new smelter in operation just as soon as possible S the new railroad which is owned by the same interests is now non rapidly nearing completion and will be ready to handle the output of the colorado and bek beek tunnel mines by the time the heavy fall of snow puts the wagon roads in bad condition from colorado notwithstanding the fact that the smelters have forced the mine to cut down ita its output to about one fourth of what it was a few months ago the colorado company was able to declare a 6 cent dividend at the meeting at provo on tuesday this dividend amounts to 60 and brings the total which this company has paid up to before the smelters is sued an order that the shipments from the mine be curtailed the colorado was paying just double this amount monthly the beck beek tunnel shareholders will receive no dividend this month as the mine has tor for some time been unable to ship its ores to the smelters two dividends for xmas the may day and ancle sam cons companies met last saturday and posted the usual monthly dividends both to be distributed before christ mas the 12 dividend of the may day will be disbursed on the to stockholders of record on the the uncle sam purse of 15 or 3 cents a share will ill be given out cut dec dee 20 0 to stockholders of record on the the total of the two dividends amounts to 27 the uncle barn bam disbursement came as a surprise to many who supposed that the late action of the smelter would stop the regular distributions the action is therefore encourage ng in more ways than one great easter company 11 II F gear who was in during the week from the property of the great laster mining company in north tintic gintic says that an open fissure has made its appearance in one side of the shaft this is a splendid indica tion in that section as it was beneath one of these open fissures that ore was first encountered in the old bal himpe mine which lies between the great easter company s ground and the thebe scranton bc ranton the shaft at the great easter is now down to a depth of about 25 feet the company may de cide to put a small block of treasury stock on the market and thua thus raise money with which to continue the development work may day looking fine rine sunday visitors to the may day mine mirre at tintic gintic declare that tt e property presents a remarkably fine showing but bat owing to the fact that they were not admitted as anything other than guests of the superintend ent they yesterday declined to go into detail concerning what they saw says the herald of tuesday it is known however er that at least N one stops in the property ore is mined that is bordering on the sensa in value for months past th management has been mining shipping ore from a dubbed at the mine as the jewel box or ha ba recently made its appearance appe arane in this that run ran from ounces s iver up and in the south end of it rock is now being mined nearly ounces silver and from 8 to 20 in gold in the north end of this where a slip of lime had caused the ore to pinch down it was reported on orl sat ur arday ay that the lime had hild dicapi eared and there was then exposed a full breast of rich ore in that diorec tion it is said that this one has been producing more than enough ore for some time past to meet divi bend r quire ments and it is evident that if the present showing is to con dinue that a single carload a month will b more than is required to pa pay the asial list al dividend froni now on but this it is said is only one of sev eral places in the mine where th showing is better than it ever was in the history of the mine mind so the out look for the coming year with V ay day could hardly be better than it is mammoth dividend the directors of the mammoth mining company met on wednesday and ordered the payment of a 20 divided d which mears means 5 cents per share this money will be sent out to the shareholders on the and it is the third distribution of dividend money to be made during the yeal just drawing to a close there is no question but what the company could have paid more and larger divid dividends endi had the directors been so despos disposed d but then the company has had ex pensive litigation upon its hands and for this creaso i th surplus in the treas ury has ben greatly in reas d this year As the case between the mam main moth and grand central now stands damages to the amount of about wre assessed against the former no settlement has yet been made and an effort is being made to get the proposition before the supreme court it is understood that there is about WO in the mammoth treas ury so that the baym payment nt of this large sum to the grand central would not in any v u av ay interfere with the dis trib ution of dividends knight mines are in splendid condition charlie earl who is assistant sup enn erin of the knight mines in the district states that the shaft at the crown point property is now down to a depth of feet and that as soon as the level le el is reach ed a station will be cut and drifting started over at the iron blossom sinking is also in progress and the shaft has now reached a depth of feet it is the intention of the company to corn com nince drifting as soon as the foot level is reached mr earls san says s that the new shaft at the Beck Tannel is now down ft hid still going deeper A station was cut at the level but no other work was done at this point splendid time is being made with the work ir the shaft and the new workings will soon be down into the ore work is also going along in a very ver satisfactory manner at the colorado the new shaft has penetrated to a depth of feet and it is quite likely that cross cutting will start at the level all of the knight mines are re ported to be in splendid condition the only trouble being that there is no market for the large amount of ore which the colorado and beck beek tunnel could produce at this time I 1 antic ore shipments the ore ei ts fr in the mil mh es of lintie for ti e week ending to lay is ts follow q callad eurel a hil ti ill I 1 il furel a 4 V B ill on beck 2 1 v w pr M i i n oth 5 6 mammoth NI ty daiy diy 3 Lr anton cn cal a 1 R le fc A ah alley 2 iron to 0 total 1 6 Iel herson allberg I 1 location notices at this office |