Show may consolidate C 0 n A deal which may mean the trans berof fer of seventy fie per cent of the stock of the eureka lily company to the east tintic gintic development corn com pany is now upon the tapis this proposition will be taken up at a meeting of the directors of the latter company to be held at provo next monday if the control of the eure ka lily company goes to the east tin tic development people the latter company will of course carry on de work through the eureka lily shaft which is equipped with a steam hoist compressor etc according to manager kellogg of the east tintic gintic development corn pany a block of treasury stock has been offered to the snyder brothers in in exchange for the control of the eureka lily property if this offer is not accepted mr 1 kellogg says that his company will lose no time in pur chasing a hoisting plant compre compressor csor and other equipment necessary to handle the ore which has already been opened up and to develop the the ground at much greater depth the officials of the company have de aided to purchase a plant similar to the one now in use at the sioux cons mine regarding the east tintic gintic develop ment property mr kelloggs kellogs Kel logs says that the east cross cut upon the foot level has been run in a distance of about 35 feet without reaching the hanging wall of the break where the ore was encountered a few weeks ago another drift which is following the foot wall towards the north upon the same level is now in about 20 feet the showing in both places could hardly be better and there appears to be no question but what the east tintic gintic development company will succeed in opening up a big mine within the next few months |