The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-20
is SCHWAB TRYING
HANDAT STOCKTON?
Rumored Steel King Desires
Portion of That Famous
Utah Camp.
Is JOINING EFFORTS
WITH PETER HACK
New Stockton and HOnerine
: Mentioned as Basis of
Big Merger.

'rTherc is hardly another Utah mining
camp at the present time as much con-
s1dered as Stockton, and local circles
ast awakening to the real conditions OK
Sting there after investors from other
States have become attracted by the mag
wticcnt showings OF the properties within
Mat particular zone OF late Peter Hack
Sas been Instrumental in arousing moro
genuine enthusiasm over Stockton than
4ny other man. and arrivals from that
camp are full of rumors and facts that
sTe not generally realized appreciated
b that city.
OVERLOOKING With Experts.
1t Is known that the camp has been
s'lIed almost 10 the brim recently with eX-
sports. three very powerful interests in
Shc mining world figuring prominently on
Nhe standards of these Unsuitable seekers
Stter good propositions. Next TO the
1lVity so noticeable OH the Honerine that
son the property Of the New Stockton COM
t1onS has been very marked In less than
Two weeks, 1T is said, at least five eN-
ncrts, representing three large. separate
tnteTcsts. have been going through this
property with critical eye. Several pro-
aioSed options on the part Of strong peo-
tu!e, 1t is claimed, have been refused by
she company. These facts. however.
y. hilc generally rumoTed could not be
: erincd by application To the local man.
cement MonGay
. Peter Hack Starts Ball Rolling.
4. Peter HACKS activity naturally has
given life to inndmerablc conclusions on
she part or the observing public. His
~ ans, Will uSaEnounCed, are gauEed ac-
cording to the scope of his activity, and
much speculation is being INDUCED In re-
rSarding the interests that are acting in
concert with him While he is a man of
strong financial standing, 1t is not doubt
sd that he has some extremely powerful
SUNiliary force behind him.
/. Schwab Wants In, Say Reports.
Events of the past few weeks have
f.rawn many to the conclusion that
Charles NJ SchWab has turned his gaze
SStockton-way, and that In case all the
fresent plans mature 1t Will be found that
Schwab and Haack are pulling in double
j Srncss The friendship of long standing
between these two gentlemen, and the
Eacts that on his recent Western tour
sSchwab had n conference with Haack In
Los Angeles, and the latter joining the
Schwab party from Los Angeles TO San
francisco, all combine to lead knowing
ones 20 the conclusion that these two
capitalists arc paving the way for a large
Stockton consolidation.
May Secure New Stockton
These facts. coupled with the known
activity Of experts in the New Stockton
have given rise to the opinion that this
company will be added to the Honerine
in case the present owners can be induced
Properties would make an ideal merger
basis, the recent developments on both
being truly gratifying. Physically, both
are In excellent condition.
Mine Will GO Deep.
Last Friday the wnZe from the zoo
foot level and the raise from the SJ0-foo
level were connected. thus providing the
necessary quantity and quality OF mir for
the lower workings OF the New Stockton
mine, Both these workings have been run
through ore without interruption, and the |
management Is now in a position for stop
ing the ore with a most vigorous and sue
ccssful hand, This, however, will not be
dcLe at the present time, il is conSid- |
cred the policy OF the company to continue
sinking until the l000-foot level is reached
programme that has been started upon
In vigorous fashion
Five Points All In Ore
West of the shaft there arc five different
workings on the property, the faces OF
ell being in ore. and the two extreme
JGints being about $50 feet apart Last Sat
friday a car of concentrates closely fol-
LEVIED upon the trail of a car of crude
Gre from the New stockton and it is con-
sdered by those familiar with the prop
Ity that shipments VIII continue un-
ffoken from now on,