| OCR Text |
Show Bamberger's j Ontario Dealj Nevvj Trom the Cast Shuvss, Merger of Park City Mines ' k N Now Under Way. j Tha' J I Itmiilii rger ha coin. . m"fd tn uorl nut tho cousol.da-"IS"' cousol.da-"IS"' "leral ..f Park ClljVhlg rrilmiig ir er I with the Ontario aym. I iMddii-id In the fol-lowjnglteui fol-lowjnglteui which l takvu from TutMla)' llottoa NewH llureauand caijryliig a Vi w ork dale line: 'E'lie eoilni(n of a iiniutier of giver inlnlnK prupertle In the l'ark Clly, I'ihIi ramp which wn In com. inplatli n a jear ago, will be hrpug'it alHiiu we understand, through the no dltiui of the Ontario Silver mining roitiimny. TJie Ontnrl" Is a IIMuMiM Finli cornoralloii which, aside from lie liilne and drain tiiiuiel, which hit JtiHlxeu reoieiieil after a serious coioilu of three jeum ago, owns a controlling Interest In inriiiu other cm and siller mid lend mining concern. , ('Alfalmare let lu an einbrjoiile I Male, hut there will piolmbly be in- , clllrttU in the merger, If coiuplctiil. jfot Italy Went, Daly, Ontntlo. yober Coal company, l'ark City mjjtrlo Light company and l'ark dily Wnlervninpany. The capital-Uatlou capital-Uatlou of (he Onliirlo will undoubt edly be Increased sulllclrntly to ' portilt of tho aciUlltlou nf the lunTr of l' ' vnrlnu companies ' (wiitth It I proposed to take mcr." ir ira till new, most likely, thnj catisid the stiddan dcinand for piitarlo stock and It sharp admn'-o' f'thli deal inntiirlng that U also canting such a Htllfenlng In the price of Daly West slock, mid the same thing applies to Daly. It I till inoie, rather than the np( nlng of Ihe deluged mined, that Is making mak-ing the talent recognize that something some-thing I going to be doing 111 these well-known l'ark City propi rile A the New llurcnii story stales. It I too curly to get a line on what IbaslH the (lllli rent mine will he I Continued on pagi H. Bamberger's Ontario Deal, Continued from Pint Page taken into eninp on, hut it Ik afe enough In preillet Hint till Interi-.t lll et a imre ileal mid that the oiilcHime will he nni-of llii-triinret, If not tlm very alronRoat of the cor-IHiriitliuiH cor-IHiriitliuiH eer formed to operate In Hie fmnoiiaold camp. With the m'ncfl munlloiied all oirateil an ouu no other corpora-lion corpora-lion In Hint camp could touch II In the mutter of cheap production. The Ontario and Daly, benlilen owing ow-ing tho great ilrnlu tutiiiel and Itn connecting avi.nue for n d.Mmico of alx lulled nlotig that wonderful mineral tone, I Iho iimiih rpleudid coal mill cunt Coalville, about hvmily mtlist from camp, aa the crow Men. Hero tlm foiifcolldittcd concern could, mid probably would, t-Mah-Huh a great electric power plant. The fuel would be mined nml con-verbd con-verbd Into electric energy lor (ratm-nili-nlon to camp oerthevouipnn'H own wires nt audi a rldiculoinily low cost that It would be allium! like finding It. Then tho company might niipply nil oilier milieu of the district with cluap power and light, mid It might go oven farther mid ai'iid ItH power Into UiIh nllcy mid toothtr campN nml Ioymih for llfly iiiIIhk around. It could mine and mill ore from all of IIh properties at a minimum of cot mid make, mil-IIoiin mil-IIoiin iwr cnrout of oro worth 111) a ton, or oen half of that. Mr. llumbcrger Iiiin had thin proposition pro-position In mind from the very beginning be-ginning of Ills negotiation for the purchase of Hie Ontario mid Daly mines, and It la refreshing mid encouraging en-couraging to learn that ho has now Htarteil the ball rolling. Ontario, Daly, Daly 'm, Mttlo Hell and possibly other properties will likely he absorbed by tho now company and the camp of Park City will come to rcallto that It la Jiut beginning begin-ning to eniergu from IIh awaddtlng clothe. History la going to bu undo for that camp this year. Herald. |
