Arizona republican., 1896-12-22
MINES AND MINING.
The Latest News Concerning Many
 Rich Arizona Properties

Mines and mining in Cochise county are receiving a good deal Of attention from outside investors. The Tucson Star claims that the gold output of Arizona for the present year will reach $10,000000. Joseph Birchett made a shipment of $500 gold bullion recently, the result of cleanup from twelve tons of ore from the Golden Wonder mine in the Globe district. The third largest gold nugget ever found in either of the Americas, has been brought to New York from placer mine in Dutch Guiana, and weighed 15.64 pounds troy. It's value is $3,753
 Work at the Black Warrior copper mine at Globe is progressing. The company has erected several buildings among them a house for Superinten- dent Hill, and he will now spend more of his time at the mines personally di- recting development work.
 
 The hoist is in place on the Black Copper at Globe and the sinking of the shaft, to a depth of several hundred feet will be resumed at once. Sink ing on the Dadeville continues with very encouraging results. The shaft is in ore of good quality.
 The shipment yesterday from the cnoo1tor hQro Of tWantv tonc Of oOppor bullion proves that some of our chlo- riders working copper claims are real izing something for their labor. The shelter management pays cash for ores as soon as sampled and assayed.- Tucson Star, Sunday.
 Late work on the Old Abe mine has disclosed quite a number of specimens of wire gold in clear, white gypsum. This is condition which many con- tend does not exist, but it shows for itself and upsets some of the theories of experts.-White Oak Eagle.
 The Detroit Copper company shelter at Clifton had narrow escape from fire last Thursday. A bunk house sit uated near, caught fire fronlLa passing engine and was burned to the ground The concentrator building was scorched considerably Had the wind been in the other direction it would have been impossible to save them.
 The Pinto Creek Mining and Smelt- ing company has been organized at Globe. The incorporators are: T. R. Aol.L To Blackmore, James M Wilson, Donald Campbell and Grant s. Watkins of St. Joseph, Mo, and Mrs. Winnie Fergu- son of Globe, Ariz. The company has been organized for the mining and re- duction of copper and gold ores prin- cipally. The capital stock of the cor poration is to be $1 ,O0O,O ,OOO, fully paid up; the principal place of business Globe, Arizona, and a branch office at St. Joseph, Mo.
 The Old Dominion copper mine at Globe is furnishing the usual quantity of ore. Owing to the breaking of one of the blower shafts at the smelter only the 100-ton furnace is in blast. A new shaft was received last week and small jacket was blown in. A new Worthington pump for the smell ter well has been received. Coke is coming in freely. A new office build ing is being erected at the mine, and carpenters are framing timbers for a change house to replace the building destroyed by fire The new house with the exception of the skeleton frame, will be constructed of iron sheathing as a protection against fire
 An idea of the richness of some of the copper mines of Michigan may be gained from the fact that they have thus far paid their owners dividends of fully $70,000,000. The dividend o1 $25 share just declared by the Calu- met & Hecla Copper Mining company for the current year is especially note worthy because it is the greatest divi- dend ever paid by this remarkable property. There are 100000 shares, SC that the total sum distributed among the shareholders was $2,500,0 ,000 When it is considered that the origina value of all these shares was just the last amount mentioned, the tremend ous earning powers of the property will be appreciated. The selling value of the stock is about thirteen times it's par value.
 
 The following interesting mining news pertaining to the Globe distric is supplied by the Silver Belt:
 Hugh Higdon and H. c. Haverl. have good copper claim in the Joyce in Webster gulch, adjacent to tn Black Warrior property, and upon tn same ledge. They have sunk thirt, or forty feet on the ledge, and have or nf