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Show WJ. KAY FINANCES I PHOEMX COMPANY SALT LAKE, May 22. The flnanc- H Ing of tho Phoenix Mining & Milling H company for extensive development H work on Its property in Deer Creek H canyon, American Fork mining dis- H trlct, was assured when, early in the H week, W. O. Kay, local capitalist and lH a prominent owner in the Keystone jH mine of Chloride, Ariz., acquired a IH substantial interest in tho Phoenix. ,H Mr. Kay brings with him into the t H Phoenix his associates, and it is said , H that their combined Interests are lm- H portant and assure the thorough ox- H ploitatlon of this property. fl Following the consummation of this M deal A. Y. Candish, a prominent owner H in the property, started for the mine with several men and supplies. He declared before leaving that no time 1 would be lost In timbering the tunnel ' and getting It Into shape for lmmedl H ate operation in the drive for the ore H body. With approximately not more H than seventy-five feet to go to Inter- H sect this vein, which reveals a strong H body of ore above on the surface, and H with a maohlne drill and a full force H of men working, the management be- H lieves it will be In ore with 250 feet H of backs within five or six weeks. H oo 1 |