Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1892-11-29

tho Brochnlan 3erty, at Lone
Mountain, within the past few weeks
has shown that the ore body is ono OF
the largest, il not the largest, Of the de-
Of silver ore yot discovered in New
Mexico. Some Of the ore which has
been taken out is rich but the average
value Of the ore is probably not Far from
so per ton. The extont OF the ore body
is not yet known but It has been devel
opod sufficiently to show that It is the
largest body Of silver ore ever discover
ed in this County, and the indications
are that It will prove to be the largest
ever found in New Mexico. The ore
can be mined and milIed at a small ex-
pense per ton, and there ought TO be a
large profit in working the property.
Old miners who have been in the coun-
try for years open their eyes IN astonish-
ment when they see the big strike at
Lone Mountain. The only wonder is
that this ore body was not discovered
years ago. Mines have been worked at
Lone Mountain for more than twenty
years, and although the production Of
the camp has been small there has been
a great deal Of development work done
in mines there in that time and the old
est residents never suspected that there
was such a body Of ore in the district as
is o exposed.
There is very little doing in the Hano-
yer district except in the iron mines.
Large shipments continue from the
Pennsylvania syudicate's mines and the
probabilities are that the demand for
this ore will increase steadily.
The Mimbres consolidated company
will discontinue all development work on
the mines after tomorrow and no more
leases will be given in the mines. Par
ties holding leases will not be given re-
newals when they expire and it will not
be many months before these mines,
which have produced more silver than
any Others in New Mexico, will be almost
deserted. The silver production OF this
company has been as high as $4,000 a
month, but the present production of
the mines is quite small.
The big mining suit between Skill
corn & Snyder on one side and Bell &
Stephens and the Pacific Gold Company
on the other, was decided at Eddy last
week in favor Of Sldlicorn & Snyder
The litigation commenced about two
years ago between Skillicorn & Snyder
and Bell & Stephens. A number Of in.
functions were obtained and the case wal
finally tried in the district court here
The case took two weeks and several Of
the most eminent lawyers in the Terrific
ry were engaged upon it. 1t was taker
to the supreme court of the Territory OF
error and was remanded for a new trial
A change Of venue was obtained and the
litigants and G large eumber Of witnesses
went to Eddy last winter when the case
was set for trial. A continuance Of the
case was obtained and 1t was tried this
month with the above result The case
is probably the most important one ever
brought into court from the Pinos Altos
district. Bell q Stephens own a mine
on which there is a vein which is almost
perpendicular. Skillicorn & Snyder
own an adjoining mine on which the weir
dips considerably. At a depth Of about
300 feet the two veins come together Of
nearly 80. Below this point the direc-
ton OF the vein is different from either
Of the veins above that point Some ex-
ports contend that the vein on Bell &
Stephens mine pinches out before il
gets to the Skillicorn & Snyder vein
while others contend that it does not
A practical miner OF large experience il
Of the opinion that there is a gubterra
mean apex and that It is an altogethel
different vein from eithero OF those owned
by the ~contsnding parties.
THE INITIAL MARKET.
Silver has been advancing steadily To-
the past few days, although itsis now ap
parent that the English, German anC
Austrian delegates to the intenationa
monetary conference, now in session a
Brussels, are opposed to the remonetiza
ton of silver. The demand for silver 70
export continues good, more than GOO,
COO ounces having been shipped to Eu
rope during the past week. The CLOSING
price at New York was s516.
There has been no advance 10 tn
price Of copper, although there is an in
creased demand and the production o
the metal has been considerably restrict
ed. Lake closed at 11.9O.
Sales Of lead have been heavy durin.
the week but the price has shown no az
preciable change in the market. Sale
were made in st. Louis as low as 3.571
and at Chicago at 3.62K, but New Yor
quotations are still at $40.
1,122, 884,455 Books,
*tf. OF PoRTERFIELDl
Card OF Thanks.
SILVER CITY, n. NJ, NOV. %. Is02.
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