Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-07-17
MORE GOOD NEWS.
The Nav Mexican'4 Cores ondent
Writes OF Things in the
New Leadville.
Latest Strikes-A Regular Rush Copper
OBSERVATION-DISCLOSURES
In Camp.


OF ore are fine; the present width OF vein
is over three feet Just over east OF the
Bullion lies the Pittsburgh, on which the
boys struck a fine little four inch streak
of carbonaes this morning.
Work on the Black llaN X still goes on.
They are sacking the ore preparatory to
shipping it to Pueblo.
Tie Lucky is still rs big, ii not bigger,
than she ever was. IT'S said this property
will be turned over to the Colorado Smelt-
ing company on the goth inst, terms OF
sale $25OU0O.
Messrs. Huff, Miller and Rroyles have
struck it over south OF San Pedro. | have
seen some of the rock and in my opinion
it is very fine hard carbonates. Their To-
cations are all upon tissure veins. They
i'll return to the new strike in Il few days
to begin sinking on their claim.
The camp is booming far beyond eX-
pectations. Parties are coming in from
all parts OF the county, "some in rags,
some in tags and some in velvet gowns.
Building operations are going on at a great
rate and capitalists are investing cautious
" and we'll The camp by far is the best
one in the southwest.
The saloons aud hotels are doing q
thriving business. Rooms and lodgings
of all kinds are scarce. Pinon lunch and
cedar shake-down are all the 90. Your
correspondent has been campeu under Il
wagon during the last ten days and finds
it quite comfortable.
A new strike has been made over in the
hills back OF town i'll the Magdalena by IL
young man named Cooke.
There is q race on for the 25th between
Jim Barton's horse, Dandy, and Chaves'
sorrel horse. There is said to he quite a
stake on the result of the race.
"Rhiny" is still back east. To-day is
payday at the big copper mine and the
boys are going to paint the town red to-
night.
The whole layout Of the camp reminds
me of Leadville in 10 and 80. PAUL.
SUBSTANTIAL IMPROVEMENTS.
Says the Boston Herald OF the 18th
inst: Santa Fe copper shares were of to
40 cents aud back to 50ceHts. The heavy
selling for day or two Is attributed to q
New York party formerly identified with
! the old san Pedro company, and Who is
said to have personal reasons for selling
! The company has sold 100000 per
cent lO-year bonds NJ prices satisfactory
, to the management. The bonds are part
of the authorized issue OF $500 600 here
tofore mentioned, and have sinking
fund attachment of 10 per cent per an
nun, but can not be drawn. With the
proceeds President Hubbell says 4 wire
trauway about mile long will be built
to connect the mine with the smelter
| the same to cost about $4,000. The ex
pense OF hauling the ore now is 80 cents
per ton. 1t is calculated that the tram
Way will carry it for u cents. A com
pressor outfit, to cost 5000 or 5000,
will be brought, having capacity Of
seven drills. A water pipe from the new
we'll be iald at Il cost OF 81 800 to 81 800
Some 100000 will be immedlatelS
expended in the development of the mine
| A new 100 ton smelter is already contract
ed for. With these Improvements made
and they should be completed within foul
months, the general manager says he Cal
put b3 per cent copper matte in New York
10 cost "a cents per pound Tor refined
copper. President Hubhell saysthe MINE
cnn then produce zoo, 900 pounds OF pure
copper per month. At lOM cents there
would be profit of $2S 900 per month OF
copper to cost III cents and $1,000 more
or less for every cent variation IN cost o.
selling price. The company will also re
pair its stamp mill to treat its gold ore
| Tie interest and sinking fund will call fol
$34 900 per year. The company has So,
900 shares OF treasury stock and 100000
of authorized bonds to meet future require
ments. President Hubbell declares him
self ready to meet any racket there
may be in the copper market, but does
not think anything of the kind will occur
CAMP ECHOES.
Charlie Thayer, jr., is home from a triE
to Lincoln county and has the San Pedri
fever.
Dick Cook, lately an inmate OF St. Vim
cents sanltarium, is earnings $3.50 per day
at the Lucky.
San Pedro now boasts of an even doze1
saloons, and patrons have to stand IN lint
and take turns in getting up to the bar
The improvements contemplated at thu
Copper plant will give employment tt
fully 100 more men during the next i0u
months.
Three feet Of high grade ore in tn
Bullion at less than twenty feet is re
markable. The mine promises to max
early shipments.
Extensive building operations at tn
Central and Cash Entry mines will Civ
employment to a large number OF me
chunics this summer and fall.
o. T. Perry had a letter yesterday call
ing him to San Pedro on urgent business
He has some fine prospects down ther
and his son owns an extension OF tn
Lucky,
A private letter from Denver states tina
President Motiatt OF the d. IL X q. wi
shortly send mining expert to make re
port on the mining industry OF Santa I
county. This may mean great deal
Dare & Glenn made q rafting goo
paper out of the Jemez Hot Springs Guide
Now that they have r moved to San Pedr
and set up shop i'll tent look out Tor til
spiciest sheet imaginable. Send us cop
: by Patterson.
Harry Champion leaves for the Ne
Leadviile tonight. He bought two ne
blankets on the strength of stateme1
from parties just in from camp th'
neither bed nor sleeping space on floo
can be had there.
Foul sir in one OF the Lucky shafts his
caused several miners to topple ov'
within few days. The men never 6
into the mine singly, and when ma
falls limp all hands fall to and rush hi
to the surface as quickly as possible. A
) air pipe and blower are being placed
the Shalt to-day.
Geo. Baldwin, who is employed by tt
Lucky company to handle the transfer
! ores iron, the teams to the cars at Ce
rillos, is here OH business to-day. Il
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