Show I. I Mines an and Mining Stocks WINTER WORK IN BIG COTTONWOOD Cardiff Has Developed Ore Channel Feet Long With Rich Ore Shoots Having JIa already demonstrated a continuous continuous con con- ore channel for Cor I O oct feet on the thc strike of ot the vein eln an and feet on tho the t lower tunnel well dip It with a new long under Wa way to develop elop over o 00 OO feet Ceet of or additional al backs while two men only working on expos exposed ll ore have e for tOl v a a. arear year rear now ocen een taking out sufficient values aluc to cover CO a hea heavy monthly IH pay pay- roll joll conditions at the lie Cardiff C mine In Big niJ Cottonwood arc are particularly en encouraging en- en ln according to Fred W. W Price lh the who vice Ice president of company compan rn Sunday un HY night from froni his first t tIn In inspection of or the property in several months Tho The output of ore from the mine now Is coming coining from tho the sixty foot raise ralso in the south drift said Mr r. r Price Price- yesterday n Two men only are employed ell here In a foot Coot drift running southwesterly westerly where they have e found about four COUl feet of ot the finest kind of or carbonate with block galena which runs high in lit sliver silver carnin carrying car car- nin some copper The Tho horse four o teams came camo down with loads Saturday and another co consignment will come comedown comedown down Wednesday About Abou t 15 tons a month mantra Is ig the output Ore shows shoR all the thea a way from the tunnel level up Near leal here Iere Is Is the foot five the bottom of or which showed lead ore carrying car- car J ln as high as aN ounces sliver silver The drift runs 10 feet from front tho the collar of the wieze e still further south where the ore pinched The vein eln Is between quartzite an and andesite and pinches and IJ bulges at Intervals To tho the north of or the and raise about feet Is another raise running run run- ning up UI 1 ICO CO feet 11 It shows ore ole all the wa way vay being six feet in width in places The level le is probably 50 feet leet from the surface The nth noth drift continues approximately approximately n OO feet Ceet still further giving i a total of ot 40 feet on the tho strike of this vein eln developed dC In the Cardiff The face of or the north drift no now shows five fl inches of copper sulphides In facts fact except probably tons toils all theore theore the theore ore shipped from Crom the Cardiff this year ear has been sulphide sulphides DI Dig Und Undertaking The lower tunnel which must bo be carried in 2400 feet to get et well we-II under tinder the old olti workings will wm give at cast east feet vertical depth under the mouth of or orthe the upper tunnel When hen It gets g-ets in about haJ half that distance It should be under the mouth of ot the old tunnel an and should catch the tho dip of some Important ore bearing veins eln prospected in the upper workings The new tunnel Is now no in ISO feet It is running through h a ablack black decomposed lime One shift shUt Is I making over o two to feet feel a a. da day Tho The in intention intention in- in Is to soon Increase this to three shifts shirts and rush the work worl with power to be Installed In the spring There is all kinds of sawed wood on the ground to tal take o care of the timbering timbering tim tim- bering and when 1 It t comes to provisions provisions pro pro- visions well when hen I peeped into the Cardiff's larder r I thought ht I I had dropped Into one ono of the bl big Salt Lake provision pro houses packed for a a. famine amino There were tons bUS of flour lour a ton of sugar row after row of hams items beeves es and mutton And when the expert chef up there brought on our dinner It was one which would have made the Hotel Utah chef chet weep with en envy Anyway Anway Gene General al Manager Thompson has certainly certainly certainly to see ee cc that the boys are well housed and well fed cd to carr carry on ona ona onn a n vigorous winter campal campaign n. n The Ibe Work Work Vork Is IH being leing pushed at t the Tar Bab Baby property The tunnel Is now nov in 63 G fet feet Some copper stained rock Is coming in showing remarkably strong under the conditions The tunnel has been heen all substantially timbered In a away away a awa wa way showing that it has been put in to sta stay the work of or C. C R. R Green Grcen manager The face Is now In quartzite The ob object object object ob- ob of the tunnel is to catch the porphyry porphyry por por- dike diko which the they expect to en encounter encounter en- en counter within the tho next fifty lCt feet The They have haye a a. fine two-room two house and other buildings It looks 8 to me as If It the Tar nab Baby people mean business Group Til The brothers are arc still working on the Continental tunnel which is on a group of claims north of or the tile Tar nab Baby The tunnel is now In InOel over O OO feet It Is making for a big vein which should be tapped at depth LOCAL EXCHANGE CLOSES IN HONOR OF W. W H. H o Out t of 01 respect for William H. H who was killed accidentally b by an automobile last Saturday and ana whose fu funeral funeral In- In will be he h held d this afternoon the regular afternoon call caU of or the local ex exchange exchange ex- ex change will not be held heill today and the expectation is that the members of the Salt Lake Stock Mining exchange will attend the the- funeral In a bod body 19 For years e t Mr h TI b has be been n a a. m 01 me tue governing board or me tue exchange and was considered one of its most valued members He resigned from the board several weeks ago and Just last w week ck disposed of his seat His private ate records of the stock transactions transactions li of the exchange since its inception tion thin and his methodically kept records rec reC- o of 01 the mining situation In Utah in general Is Its without doubt the com corn to be found In tho the state V I YORK CURB clinn By Ba Badger ger Bros Private Wire New Xe York Dee Dec Trading Trading was active on the tIle curb cur at the opening but later became dull Inspiration ruled around There were no features The maket closed quiet OItIS S AT nS Seven carloads of ot ore from Utah mines and two t from Nevada Ne were re- re at this Utah Ulan Ore Sampling company com corn pany yesterday SEEK CONTROL OF THE UTAH NEVADA Opposition Develops Against President Meads Mead's Readjustment Readjustment Readjust Readjust- ment Plans Two stron strong crowds of eastern stockholders stockholders stock stock- holders are out In hot pursuit of ot control control control con con- of oC Utah Nevada affairs arIah's 1 President Robert nobert G. G Mend Mead of Nevada- Nevada Utah Mines Unes and Smelters company at Broadway New York has ju just t sent out the following notice to stockholders ers Tue plan of oC readjustment of or the af affairs affairs at- at fairs CalIs of this company compan and anil toe accompanying accompanying readjustment a agreement hll have been heen filed lieu with the tho Columbia Trust TJust company Now New York City where copies I of or said plan of or a agreement ma may be obtained obtained ob oh- tamed copies will be mailed to stockholders stockholders stock stock- hol holders In du due ue course cours and an any any stockholder stockholder stock stock- holder who does oes not receive t the thc IC same should communicate with this office The uThe attention of stockholders II Is called to the necessity of promptly de depositing do- do positing their stock as provided In said plan pIau the Columbia Trust company compan Broadway New York City which will till Issue Its receipts for Cor all stock de do- do posited ted The Thc transfer bool books g of the thc company will bo closed from rom December 23 23 1911 1011 I to February 6 6 5 1912 I The Tue Other Oilier Following that comes the following notice from an opposition crowd All u stockholders of the Utah Nevada Mines and Smelters corporation are re requested ro- ro quested to confer conCer with this committee before accepting the plan of readjustment readjustment readjust readjust- ment proposed under the direction of ot Theodore Gross as fiR s syndicate manager Trio property Is valuable and this commit committee com coin mit tee believes that tha t by b concert of ac action action action ac- ac tion and ani operation co the stockholders ma may protect their investments In Iho tho stock and recoup a large c arg-c part of or their present losses Stockholders who wish to accomplish this result are invited to secure copies of ot our operative co de deposit deposit deposit de- de posit agreement and deposit their stock tock with the Security Transfer anti and Registrar ne company depositary 66 Broadway New Now York which will Issue negotiable receipts for Cor all stock de tie tie- e- e posited Furtner Information will wilt besent bo be sent to all stockholders who will 1 furnish furnish fur fur- nish their names and anti addresses for tor that purpose e. e Address all an communications to the secretary of tho the committee Walter J. J Moore 3 32 Nassau street Now w York Dos Passos Passes Bros counsel 20 Broad Broadstreet street New York Walter alter J. J Moore secretary 32 2 Nassau assau street New York Frank Frnnk I D Pae Pavey chairman A A. A O. O Beebe iHlam B. B Randall David B. B Simpson Charles V V. Wagner agner committee Pr President nt Mend PInn A new ne company the company the Consolidated Utah Nevada Utah will will be be- formed to take talce takeover takeover over securities and properties of or tho the existing corporation The plan provides provides pro pro- vides for elimination of floating debt of ot about 3 and ana the placing placing- of cash In the treasury of the toe new company compan Present company compan has outstanding 1 shares par 10 per share The new company compan will have hae an authorized capitalization of shares of ot 5 5 par and l. l sl six per cent first mort mortgage n e bonds convertible into stock at par bon bonds s will be Issued to together ether with shares hare o of stock the balance of oC the bonds an and stock re remaining re- re in the treasur treasury Of the treasury treasur shares snares will be reserved for Cor bond conversion and for tor corporate purposes Allotment of Issued stock will be as follows Shares To depositing stockholders To syndicate underwriting bonds Total The above e shares will JIl be distributed distributed dis dis- to the lie stoel stockholders of Ne Ne- e- e Utah vada-Utah who deposit their stock un under under un- un der tier this plan and take bonds to an amount equivalent at par to 60 cents cent per share so deposited one share of stock of ot the new company compan for tor each two O snares shares deposited Shareholders depositing a e abo are required to subscribe pro rata at par for bonds For each 3 1662 3 2 3 shares held stockholders will receive recel in bonds and 83 3 1 shares of ot new stock Of the cash realized from this sale will till take up notes and other debts of ot Utah Nevada and Its subsidiaries subsidiaries sub sub- will be for reorganIzation reorganization an- an and receivership leaving I as working capital I Yh When n effected the plan should work workout workout workout out as follows Stock t k lt l outstanding shares Ita rM 4 COO O Sl Stock k In Jo treasury shares t Stock Stool it to provide pro for tor conversion conversion conver conver- sion of bonds bond 4 shares 1 0 Total Total J t Convertible ible bonI outstanding rUble Convertible bonds In treasury Ca h lu 10 treasury Other Indebtedness none Subscription to th the bonds will trill be In three In In- fifty p per r cent on January 31 thirty per cent ou on lay nr 31 and cent on September Sep SO 30 0 1012 CLIFF ORES MAKING STRONG ON THE LOWER LEVELS Cliff CUff mine mint the tho chief producer nt at pres present en t of the district has proven prO up il ore for a distance of forty f feet e t at atthe atthe atthe the bottom of a a. foot Coot Incline from lower level This is In the Tony Incline where an electric hoist was re recently rc- rc re- re Installed The shaft hatt Is practically all in ore for the tho last fOIt forty feet with drifts started Loth both ways from tho thu bottom with good shipping ore show show- In lug Ing on both sides ldes' as far Car as the work worl gone jone one according to Grant Sn Snyder der general mana manager er who iO was out on an Inspecting trip Other parts part of tho the thomine thomine mine are alO looking good A. A II If Williams superintendent nt of or the mine has been In town this week spend spending In the boil holi ci days avs ava Mr Ir Sn Snyder reports that at the Carisa in Tintic they are taking out a little ore Considerable development work Is being done lIane COPPER MERGER RUMORS ADVANCE AMALGAMATED B By Badger Bros Private ate Ire Wire New Nett York Dec 26 There 26 There was no change In the lie market In the early afternoon afternoon afternoon aft aft- except for Cor some Increase e of or strength in Reading Reading- and anti a little reaction reaction re- re action in Lehigh Valley Other Othel stocks were at a standstill and no one yen ven a prediction as to when a change chango would occur or 01 what might be its nat na na- na- na t ture U re Vague rumors of ot a copper merger were in circulation and in response to them Amalgamated crossed 67 as compared compared com corn pared with 66 at Fridays Friday's clo close clo e. e A A. few room shorts were obliged to cover and this may have been the real object of oC tho the rise UTAH COPPER COPER SHOWS PRONOUNCED STRENGTH B By Badger Bros Bros' Private Wire Ire Boston Dec 26 The 26 The Boston copper oper market continues to show strength th In spots but the list as a whole has been beon extremely dull Butte Coalition h hs has s been active e this afternoon selling as high as Live Oak was advanced on small trading 1 13 points to 42 Utah Copper CIpper has shown hown pronounced strength selling at jU Sentiment continues bullish but the trading Is not attended attend attend- ed elJ with very cn much outside Int Interest rest The market advances ances easily on small transactions Ha Hayden Hayden den Stone Co J I i NATIONAL MINES I AND APEX RIGHTS In Spite of Lawsuits Humboldt's Humboldt's Hum Hum- boldts boldt's Rich Gold Mine Keeps on Producing After having ln spent three months In camp National in northern Nevada Rda he hc 1 was superintending somo Important Im Important Im- Im port ant development de work In demonstration demonstration demon demon- stratton of oC the lie apex rights of ot the National Na Na- a- a Mines and anti Mammoth National In their bl big contest J. J K i. Beveridge o a awell awell awon well won known Salt Lal Lake e mining man who Is heavily Interested In ut m the ho Alta AHa countr country coun coun- tr try has hag returned home M Mr Ir Beveridge sa Ma says s 's s the tho National Mines lInes Is now working over o men IncH und anti the lie mine apparently Is 12 In a most pOW IOUS con condition with an output no doubt douht n at it t least equal to that of or an any other period In the tho history of or the compan com com- pa pan pany n y The property Is being developed bY o tunnels on only I and down to the tho fifth level levei which Is Js about feet deep Alot A A- Alot lot of oC new development work is underway under tinder way with new nett oro ore bodies being opened up UI In various parts of the tho mine The Theore Theore ore Is found In fissure INsure veins In the basalt The rue filling Is la a quartz por Undoubtedly ly the values alues make below Lelow the fifth level le all of ot which will willbe willbe m be virgin ground Rich flick pa pay ore oro shoots have o been followed virtually from front the surface to the low lowest st levels le The Tho phenomenal phe phie high grade g which thich has made mallo the mine famous and which has been giving i up tip cr c every month approximately approximate to several se times that amount according to |