The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-07

1T now looks very much as though
Captain John r. DeLamar. owner Of
the Monitor and Jim Crow properties
in the Ferguson district, upon which
one of the most complete milling plants
in the state of Nevada is now rapidly
nearing completion, was not speaking
inadvisedly when he stated during his
recent visit to this city that within a
comparatively short time he would be
in position to connect his properties
with the southern terminus of the
Union Pacific, now Milford, by means
of broadguage railroad, whose ulti-
mate southern connection is to be the
old Nevada Southern, now known as
the California Eastern. The news
came from Denver yesterday to the
effect that the captain has just sold
his interests in the famous DeLamar
group in Idaho to the French-English
syndicate which held the other block
of the stock and with the money
realized from the sale Of his stock he is
about to commence the construction of
the piece Of road mentioned. For some
time past DeLanar has been in the
east and Europe negotiating the deal
and now that it is closed it is highly
probable that he will return to this
{
likely pass through Salt Lake on his
way down to the Ferguson properties.
The new mill is to commence the treat
ment of ores early in the coming
month, if the present arrangements are
carried out, and the captain will, with
out doubt, desire to be on the ground
at the time of the Inauguration of ac-
tive operations.
Inaslnuch as there are several rail
road propositions now before the pub
lie, anyone of which means, if carried
out, that this city will secure a direct
Pacific coast connection, it is hard to
say just which will receive the support
of Captain DeLamar and the almost
unlimited capital which he has at his
command. It is rumored, however
that the Salt Lake and Los Angeles
road, one Of the enterprises Of the
Utah company, will receive a lions
share Of the attentions OF the captain
and his friends, In which event the
connecting link to be built by DeLanar
may have that road for its northern
| terminus Until some further an
made the real objects which the cap
tain has in view will be matters OF
| guess work only, however, further
| than that he undoubtedly intends tC
obtain railroad communication between
this city and his properties in the
ferguson district.
The Associated Press gives some
considerable prominence to the sale OF
the DeLamar mines and the captain s
future plans and the following dispatch
was received in this city last evening:
Denver. Colo, Feb. 6-Captain j. R
! DeLamar, the we'll known mining
operator, has parted with his stock in
western Idaho, which was sold to Lon
don capitalists in 1892, on report made
by Professor Tilden, Of the Colorado
school of mines. The DeLanar stock
| is now held in Paris and London
three-fourths in the former city and
one-fourth in the latter
! It is expected that Captain DeLamaI
will use his released capital in develop
ing his gold mines IN southern Nevada
and in constructing the proposed rail
road from those mines to connection
with the Salt Lake and Los Angeles
road, With which the Denver Short
Line will ultimately connect.
| The transfer Of the DeLamar stock
to Paris was an incident of the recent
activity in the London market, where
| 50 600 of French capital was in
vested in one week. The last report
from the DeLamar is dated December
81 1894. 1t gives the details of work
! for the month Of November. showing
! the value of gold produced to be s45,-
| 504, and the value OF silver $20,167. The
value of the smelling ore reached $12.-
| 500, making the gross earnings for the
month S7S,202. All expenses for the
month deducted leaves profit of SAL
1888, or over fifty per cent of the gross
receipts.
! The DeLamar stock was quoted two
weeks ago at 1925 per share in the
| London market and was steadily ris
ling There are 100000 shares Hence
the Paris investment, making no al
lowance for the probable advance
footed IN 50 81 800