The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1910-12-03


deal for tho merger Of thJ Prince
Consolidated with the Nevada Utah
and Consolidated Phoebe has be- i,
closed. The stocks Of these corpor-
ationss are to be exchanges for that
OF new corporation. to hs formed,
but tas basls ct the exchange h.-
not been aivep out definitely, s.1
the details viii. ba known In fsw
days.
The. new company will have avail.
able Immediately at least S50o,oCO for
use u. .ne -. -soPmdnt of Ito Phoebe
mines.
That matters are progressing very
favorably In the east with the merger
Of the Nevada Utah. Consolidated
Pioche aud Prince Consolidated N
was evident last Thursday by a mes
sage from President Earnest R.
Wool.ey Of the Nevada Utah to
Chief Engineer Harry Z. Parker of
the Nevada Utah summoning the lat
ter to New York. Mr.. Parker was
just preparing to leave for the Day
mine when the message came; wher-
upon he changed his plans and left
on the afternoon for the east.
At Salt Lake he was joined by Fred
X. Woolley. western representative
Of the Nevada Utah who mas gone
hence with complete inventory OF
the assets of the Nevada Utah and
Consolidated Phoebe properties.
A conference was held in Louisville
Kentucky. this week between Earnest
X. Woolley. E. L. Godbe and A. H.
Godbe and Col. James L. Hacket. the
last three owners of a controlling
interests In the Prince Consolidat-
cd and the Ohio-kentucy companies.
This conference terminated last We'd
nosday when the final details regard
ing the deal effecting the merger of
the Prince Consolidated were arran-
ged. Following the conference Ernest
4. Woolley and the CODES departed
Tor New York to bring the traAsac-
ton to . compile q consumation ex-
cept to a ratification by the stock
holders which can only be done At
special meeting called for that
purpose.
I PUSHING WORK
4 Meanwhile. work is being pushed
- rapidly as possible at the Con-
soiidated Ptoche mine; also at the
Day mine of the Nevada Utah at
are being made on the basis of a car
lackraDblt where ore shipments
load per day and It will be lnteresr-
ting to note that Fred H. Woolley
Il authority for the statement that
the grale Of Day ore from which the
former management of Nevada Utah
realized u deficit, 10 now netting
. profit and from which the com.
pany Is meeting ali expense OF
operation: which includes the cost ci
mining and development The Day
mine ore 10 low grade and mus,
necessarily be handled economical
": while the Woolley management
has doubtlessly succeeded In gettint
the product treated at the smeltel
upon basis much more favorabl,
TO the company than has been pos
sible heretofore.
CON. PIOCHE WATER
The flow Of water in the bottom q
the Consolidated Phoebe shift ha
boon increasing during the past tw
weeks with every shift and the maj
agemeut 10 led to believe that th
water level has practically bee
reached. This great inflow of wate
has interrupted progress somewhat
but Is feet more at the most wi
place the bottom Of the ahaft NJ
point where prosecuting to the blae
ledge and tho old workings Of II
Raymond Z Ely mine b to begin. E
the time the desired depth 10 game
however. II u likely that Presidel
Woolley viii have made plans for u
iFsesllsAaoa sf hsavfe ssuipmsnt