New-York tribune., 1907-01-14


II. Mason Raborg. or this city, is the treasurer
The company is capitalized at $1,000 Twenty
acres Of land have been acquired in the iunediate
and seven disfnct Vrns havs already been oca,ed
borg Iacsves teiegra vesterdsv to the effect
that at the So-foot level in the TeIniskanlng vein
the crown Prince. The New York Offices OF The
and are in charge of Mr.. Raborg.
Frederick p Meyer and G H Keidel. Of the
Meyer -KeideI Company. stock brokers and Goldheld
mine operators stated in an Interview yesterday
that the presen; situation ali the country dis
closed the unmlstakable forecast OF an impending
period Of wonderful activity in all mining matters
IN Nevada They declare thar~no such set OF ia
y9rable conditions as now pIeEa thT9qghout Ut i the
sert that the infalibie signs. as disclosed by the
daily market conditions in this country, and also
IN Europe. indicate clearly that the tide OF puoHc
favor can no longer be held in check
dispatch from the manager OF the Buffalo
mines. IN the Cobalt district. says that the cross
vein at No :. which has followed the shaft from
the top to the bottom IS now six inches wide at
the station the S4foot level. where drifting is
s4niIar to the sample sent from the east end OF
dHs YORK at no No. het M tAeTe g WI 9e 59uT ore his
week and that high grade ore is also being drifted
on the second level No 6.
F P Jennings of Salt Lake city, consulting en-
gineer Of the Utah Consolidated for Senator Kearns
and Colonel f A. Wall. has made a report on the
Nevada-D Douglas property. in which he says that
the twenty-nine claims owned by the Nevada Doug
las Copper Mining Company contain 100000 tons
of ore, with an average copper content Of 3i5 per
cent. BY building a railroad approximately twenty
Pactec system At Wabuska: the erection Of a con
dsy ann pi smeiteT T'5 Of go tons daily capScy an
annual output Of 100000 pounds OF copper can be
produced at a cost in New York OF sla cents a
pound
The miners at Godheld Tuesday decided TO
accept the proposition OF the operators and own
ers. and went back to work. They are TO receive
IS a day instead of 81. formerly. which ad-
is warranted by the recent heavy increase
in the price OF necessaries Of life. All mines win
in future have a change room. where the miners
will be required to change their outer garments
off Tfese rooms Will be- undeF the inspection Of
a representative Of the mine owners and will put
a stop 70 the enormous thefts or nigh grade rock.
Every day produces rumor OF the merger OF
OF the big properties Of the different dis
tricts The latest from Goldheld is that Colonel
o. p. Posey is working a merger Of the big
properties in the Diamondheld district including
the Goldfeld Daisy. Great Bend, Diamondfeld
Black Butte Consolidated and Jumbo Extension.
A. despatch from Rhyolite says that the merger
Homestake has been arranged.
During the week. while excavating for the hoist
! the Trinidad. unsuspected ledge was uncov-
cred. which goes to higher values than anything
previously disclosed. 1t is reported TO be a large
and rich ledge and proves the existence OF cross
vein system in this proprty similar TO that
covered in the Mohawk at Goldheld.
Representatives of the controlling interests IN
the different companies of the Manhattan district
entering the Standardization Jack merger are
their way to New York TO complete the
final details and effect the transfer of the differ
ent companies to the holding company. This hold
ing company Will be known the Consolidated
Manhattan Mines Company, and will have a CAPT.
taliZation of 100000.
The Produce Exchange has decided to call min
ing securities, and the question is now before
the committee of the New York Stock Exchange.
1t was said recently by a well known Stock Ex
change house that there is every TO believe
that favorable action will be taken, and that
within short time mining shares will assume
position of Importance the big Exchange.
The Court OF Appeals decided this week that the
Stamp act of 1905 providing for tax of two cents
share all transfers of stock, regardless of the
price at which the stock sold. unconsti-
tutiocal. This good news for the curb bro
kers, q large volume of the curb business Is in
low priced mining stocks