OCR Text |
Show THE COPPER VERD. Its Incorporation the Revival of Former For-mer Activity. The Incorporation of the Copper Verd Mining company In this city a fen duya ago la the moat recent Indication of a revltal of mining aciKlty in the Newfoundland mountains nf llox Elder El-der munty The hnpea of the incot- porotora me laigely founded on the conrtructlon of th Southern IMcllic cutoff, aa the proposed lout" 1 omes within hailing dlatunce of the compu ny a clalme Otherwise It will he neces-huij neces-huij to haul th me twenty-lite mllea to Ten ace, which will not pay ttnleaa aninetnlng ery rich la discovered Within ciuuiter nf n mile of the Coin-men Coin-men lal group me the abandnned woi k-Inga k-Inga of one nf the llrat mines In Llox Klder county und one nf the earliest In I tab llcrailae nf it cnmpuiatlt" ige and the trnglc Incldctita nf lta lat-tei lat-tei days Mils mine la nf unusual Inter est It waa located In the early 70a bv Qnlme Know Hon who gouged out hnt little ote he coul I until he got enough money ahead '- pay two or thiee men A tunnel as drlten Into the mountain aide aenne 200 feet, cop-pei cop-pei sllter and a little gold were taken out and the product of the mine wag- I oned tn the 111 1 1 road nt Ti rrace There was not much piofit In the enteipilse with Ihe nearest ahlrplng point twenty-lite mile auoy and copper nt live centa a pound but Know lion perse-tered perse-tered and had begun to get a few dollar dol-lar to the good when, nne day na he waa nn hla tvny to Salt lake to trana act some huslnesa with the an-tllers, he diopped cle-a I The nena of hl death wa sent tn hla wife, who waa nt the mine Mra Knott Hon Immediately came to fait Ijtke to atrnnge for her husband a funeral and upon her arrttal waa taken III and died In a few diya The mine being left without nn owner own-er waa no longer operated and fell Intn . etnte nf desolation and decay which the passing yeaia hate only nggratut-ed nggratut-ed The rlilma of the Copper Verd company com-pany tteie located inat summer by lien IVasnall if Tooele county an 1 hate not been deteloped but there is an nut-clop nut-clop nn one the Commonweal frnm which naaaya of from eighteen to twenty-four jier cent copper ten to twelte ounces sllter and 120 to $3 63 gold hate been obtained Red Wine;' Reorganization. According to the local management of the company at least 75 pei cent of the nhareholdein nf the lied Wing Mining Min-ing company whose properties nre lo cnted nt Hlnghnm hae expreased Iheh npprotal of the movement looking look-ing lo n reorganisation and to the making nf the stock naseaaable In polling the sentiment of the shareholders sharehold-ers the tnanigement haa been sending out a statement to which their slgna lure hate I een solicited and thus far the concurience hns been iinnnimnus The company leportn a balance In the ttensury but the management realizes that lta holding nte nt the mercy of .1 ciedltm an long a Ihe shares re main non-asaesaable and the company la denied the right tn appeal 10 lta llnck for aaslstaiu e Pleased With the Sheba. C A Creen who Ins been making nn eximlnatlnn nf the Shebi Mining onmpnny a property In Humboldt county, Jt'nv, came In from tho West yeetordiy er much pleased with the reattlt nnd 11 deul will pinbahly follow tndiy In whlrh he la promised not n small lot of Its Mhiren The streak of high grade ore In the upper tunnel on which the management began m drlte hefnie the leturn of Judge Kartell from enmp haa now widened out to twenty-four twenty-four Inches with the whllo metal pre. dominating nnd while no effort to mar. ket the nun will he in ido until further development has been accomplished not a sin ill amount I coming out as the tunnel piogieai.es With Oo Wella und nthera whn hue examined the ptnperty Mr tlreen legardn It na tho making nf 1 most pmduulte one. Ore nnd Bullion Settlements, The week In the oie and bullion market mar-ket opened with settlements amounting tn 151 200 divided na fnllowa T It Jonea A Co Oernnnla bullion, 12S.JO0, gold, allter, lead und copter orea 311 TOO McCornlck C Co -fSoli bullion, 13100, gold, silver, lead and copper orea 3S10O In the metal market silver ruled nt 51 centa an ounce, lead at ISfO per hundred pound nnd casting copper at llTs tents a pound The Glasgow nnd Western, Otto Malmnn general imnaper of the Olaagnn &. Western Kxplorutlon 10m-pnny 10m-pnny a mlnea mills und smelter In White Vine nnd Humboldt countlea Net , lna tetuined fiom the Weal nnd wltli condition generally la very much pleiaed 'lho winter campaign upon the mine h ih icsulted In tho din. iloeuie of huge ore bodies nt depths hitherto unexplored in lho Adlalde while na gratifying reaultB Into been athlei. 1 at Ihe nthera Tho nutlook for it ateady run at the various plints dur-lug dur-lug the ye,u la nn extremely favorable one nt this time the smeller to bo rut In commission aa anon na the thnw be. glna und the sti earns bet In to utotlde the neceaaaty wuter |