Show Edited Mines and ng sf Sprague F. F HY W. W e nU DIll OPERATORS BUY IN HAFEY WF iF Snyder and Ogden Capi Capi- v Are in Merger T Company MEANS MEANS AN ER ERA OF F ACTIVITY Larger Mill Mi and Extensive Development Development Det De- De t I Are Now t Assured P F. F Snyder for tor his National atonal Development ha has taken company over o cr shares thares of ot ithe tue block of or sh shares res of treasury stock of the Chafey Chatey Mines company upon which John Q and E E. W. W J Kelly ely held an nn op op- op tion and Kel Kelly Immediately took OK an option opton upon tho remaining shares of ot Chafey Mines Minos company company com con pany pany treasury treasur stock and the thc they said yesterday yesterday yes yes- that prominent Ogden cap capitalists capital capital- had virtually agreed to take over o the entre block Aide Aside from getting unusual unusually strong talent talen Interested In Chafey Chafe camp the Iho tho closing of those these deals will wIl give gl e the Chafey Chate Mines Minos company ample means with wih which to develop Its Us several erl Be mines and to build mill a R now new adequate to handle hand the ores oros which the properties are capable of ot producing producing Considering the real realy remarkable showing of ot high grade grado gold milling In tho the Chafey Chatey mines extent of de del development do- do l considered Salt Lake op oper r- r tors have been slow to enter that wimp amp mp but now no that some of ot tho the best bet Utah talent has become Interested d It Itis I is 1 certain certin that a n great deal of at activity I will wIn result resul Work ork Warranted r. r Snyder was Induced to take a block of or Chafey Chate Mines stock only after examinations b by his experts had convinced con con- vinced him that the company owns a n arich arich rich mine as wen well as nl an estate of great potential wealth He said salt yesterday esterday that ho he was satisfied that the ground round warrants a large argo Initial Investment in estment for development and It would not be surprising sur sur- If I ho should acquire Independent dent Ilent holdings In the tho camp K E. F S. S S Chafey Chatey has already arranged for for Cot the tho building of a new stamp 20 mill mi b by the tho Chafey Chatey Mines Ines company This Improvement ement together with wih a tramway tramway tram tram- Wa way from the Iho mine to the tho to mill mm Is al alend already al- al already ready end needed to to handle the ores In Insight insight sight In the tho Black Dlack hole mine alone I with the sales of additional treasury sto stock k promised d that mine will 11 be opened to depth dept and other properties owned b by tho the company compan will wIl be bo exton- exton eh developed de Which of ot course will 11 Ili mean that still more milling facilities will wi be needed New V Shoot of 10 Ore Ore Henry Henn Henry superintendent of or the I Black Hole oe mine arrived In the city yesterday from camp bringing with wih him a bar of ot bullion weighing 31 pounds valued at the result resul of ofa a n weeks week's run of ot the old mill mIl now In operation The mill mIl Is I running on 30 ore ire re at nt this timo and ho says that durin during during dur dur- in ing April It will wil clean clenn up not less les than S 2000 Ho reports that the drift on the foot toot level 11 01 of or the mine has beer been leen run 35 feet teet upon a toot four body oCoro of oC oro ore which averages a a ton It I istle Is the tle intention to treat this rich oro ore Inthe in inthe inthe the mill with wt that of ot lower Jower grade 1 mil which materially advance the ru c 1 value lue ot ot of tho ml mill J headings at |