Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-06-24
MINING, BUSINESS AND STOCKS.
is NEVADb.UTAH ORE
GOING OUT or LINES

UUliHO I'll ttts a.S =
Believed Thnt Present Drop in STOCK Toe
.ys55 LII New York is Due to DAY Mine
Ore Going Out Of Boundaries,
Persistent rlimors have come to san
Lake during the past few weeks OF
81 threatened litigation With the Nevada "a
Utah Mines g. Shelters corporation,
which owns property at Beaver and
Bingham. Utah. and also the Day
mine and other properties at Fiocfe.
"a For. some time the stock6lias beer
& knocked down on the New York 1Surp
IL dropped almost 81 several days
Z 1870. 4
J.carnard of the brokerage firm of
IIooley Lsarnard & Co, hus repea ted
IL denied that there Was;4any litigation
expected, it is the general opinion
among number Of enGsineers4SS z
have 4 examined the Day mine q. I
Phoebe there Is SOM: chance O q e' W
4 legal battle being pulled off,
Adjoiing the Day Eroiip, which IL
e i Z miles from Phoebe comprising four
r,,aiins.s aggregating n 80 acrts, are Z.
number of8claiins owned by the Banl-
sfierger Exploration company IN
nearly ali sides a. the Day claims $
understood that the ore body at the
s Day mine is making to the south
east and into the ground OF the Bein-
berger Exploration company. iRygsone
LIT has even been asserted that. 9 n ore
4 body has already been worked to tn
end lines OF within few feet 81
them. ss
About three months ago, President
Simon Baniberger was approached p y
n a friend of his, IL Is said. who was
nlso on friendly6t terms vi n, he q eva
da- Utah people, and asked to give g
price on the property. Mr.! 3 I'm pfrTe =
reply was that If his engineers We're.
s allowed to look through the 7toperty
q and probably make u survey, he would
4 then net his price. Since then Mr.,
n Bambergeli has been away < from the
"A citysand has been unable&to send his
engineers to the property.
BANNER BIER TALKS.
When asked about the matter this
5 morning Mr.. Banlberger said:
.IEhad almost forgotten a bout the
matter, but ii is true that the Nevada
q Utah people did ashrne for q price on
The property adjoining the Day mine,
+ That was before II went away and as
II have heen dcvotirg most of my time
Ito the allroad i have not had time TO
VI take this matter up.
8S,.It is true that IL mutual friend of
5 both parties came to ne and asked
that ID give a price on my hold
3ings. told them that would send
my engineers to the property, examine
the workings of the Day mine, perhaps
make q survey, and that then / would
put "a price on the property. L was
told that this would be perfectly salts
factory and since then nothing has
been done. I will probably send the
engineers down to Phoebe In q few days
h to look over and report on the situation.
n have been iii no hurry
OF course 1 will be fair about the
matter With the Nevada Utah people.
II see mo reason for any litigation.
Il know nothing about the ore of
the Day mine going into the property,
IF but that could be ia ken up 4 alter.
* became interested In Phoebe long
\ ago, at a time when properties We're
sold for almost nothing. AT that time
it was my Intention to secure control
& of the property nov held by the Ne
,$gyain- u tah therefore took up the
land TINT knew would be d neces-
! sity to the best interests OF the com
pany and proceeded to tent It. In
That way L secured a large acreage in
Phoebe. In the mean time a bond and
5Iease were secured on the Nevada Utah
ut a figure which l thought too high
and the property was taken over by
The parties and alter by the present
owners.
i I'VE probably own in the neighbor-
+ hood OF 300 acres surrounding the Day
mine and all the claims are patented. :"
ss8 The Nevada Uta h operties have
I had somewhat OF a tetnpestuous8
career AT one time Thomas Lawson
& announced that he intended to take
over the controlling Interest and the
stock Jumped to good prIces. Later
i he abandoned the company. This left
B the company with many battles to
fight.
FINE EQUIPMENT.
At the present time it is one of the
best equipped mines in Nevada, 1t
owns n narrow gage road from the mine
10 sPiocheiEand Is now shipping in the
I,eighborhood OF 200 tons of ore a day
10 the TIntic slnelter. Persons who iaxe
examined tile PROPERTY declare that
I there is a large amount of ore blocked
put and that the mine is in excellent
shape
The company owns some of the most
4 valuable properties In Phoebe, but; the
Day mine is the only one working to
any eXtentaat present.
Persons familiar With the affairs of
the company believe that threatened
difficulties at Phoebe have been the only
cause of unsasinrss among the stock
9 holders.