El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-10-16

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good property to work on.-Vidette.
The richest gold find ever made il
New Mexico is reported at Ncgal
Liucosn county. Large quantities 0
the ore RUS from ST. 600 to 500, 900 pc
ton.
Ell Concrete of Guaymas says that ;
letter from Mont. yuma district state
that ore worth SIS, 900 per ton has beer
taken from the .Cinco de Mayo mine
10 that dist: let.
Tie Graham Guardian says the
mines in the Aravaipa canyon are AT
tracing considerable attenti"n, anc
within a year camp of 1000 people
will be located there.
TIE total number OF mining grants
issued since the coming into force Of
the law Of June 18th, 1892, is 6,51s
while the mining property l. Gated
under such grant amounts to 90, IA
claims.
Mr.. Edward Atkinson. who is in
London, finds that three-fourths of all
the silver mines in the world, reckon
led by producing power, are owned IN
that city. Silver is large British in
terest, aud free coinage in the United
States is naturally much desired by
this interest.
| Alaska, n t content with producip g
the greatest and richest gold mines in
the world up to date, now COIL eS fo--
ward with the most stupendOus copper
deposits that have yet been discovered
Ianywh here, and on the coast islands and
along the shore so closely that the ore
may be Immediately loaded into ships
from the mines if desired.
1t is predicted that when the gold
placer mining is developed in the state
of Guerrero more gold will be taken out
than in the Klondike region. Some
placer mining is being done with eX-
cellent results and labor is cheap and
water abundant, even in the dry sea-
son. One miner, an old Californian,
reports taking out S23 900 gold in May
and his average is ST. 900 per month
The Trader.
| VIM. kief. the mining magnate of
Cooks, n. NJ, is doing good work de-
veloping new properties in the camp.
This gentleman has made fortune of
quarter of q million dollars during
the past two years from the proceeds
of ores which he took from the O he'll
/ 10, Desd monia and Monte Cristo mines
which he worked under lease from the
Kansas City Smelling * Refining Co.,
of Ell Paso.-En terprise.
The returns from 80 prominent
dividend paying gold, silver, copper
and lead mines in the United States,
with a capitalization of $495, 1S5, 600,
show, according to a detailed list
printed in the Engineering and Min
ing Journal, dividends paid to Octobl T.
l, 1896, amounting to 1857 ,920, 126, or
nee rly "A per cent of their nominal
share valuation. Many of these stocks
have sold away below par, even when
paying dividends with the output of
the mines.
The gold N ming boom In the state
Of Sonora has led to the perfection of
arrangements for the esta blishment of
a large smelter at Las Cruces, thirty
miles south of Hermosil'O. The cree
| ton of two siXty-ton water jacket stacks
, will be started at once The smelter
will be operated by the New York and
Sonora Smelling company. It is re-
ported here that Eduardo Mertez, a
| German mining engineer, who went
into the Yaqui placer district few
months ago, has arrived at Ortiz with
s45, 900 worth of gold dust.
| The government Of the colony Of New
Zealand has purchased the McArthur-
| Forrest cyanide patents, for the public
welfare, subject 20 the approval of It's
| parliament, for the sum of $3.50 900.
These are the same patents which are
held in the republic by the Mexican
| Gold & Silver Recovery Co., I'm ted.
John +. Allan of the City of Mexic ,, is
the general manager of the company,
AID J. Howard Palmer of Hermosillo,
assistant general manager, has charge
of its interests in SCnOra.-Oasis.
An interesting case has just been de-
oided by the supreme court of New
Mexico of considerable Importance as
regards the rights of those who grub
| stake mining prospeCtOrs, Henry
| LOckhart, of Albuquerque, had grub
stalsed the original locators of the
| Washing on mine at Cochiti, which pro-
perty, when it proved valuable, became
the subject of litigation between
had grub-staked. 1t has been in the
courts for several years, the result
finally being in favor of Lockhart.
| w. O. Murdoch has gone to Hermo-
sillo looking into the Introduction of
| the Beam Process for the treatment
of refractory gold and silver ores
| which en- a, the low values of 81 to
$40 gold can be prof,ably worked. A
plant is in operation in Denver, and
o he's are rapidly being built in other
parts OF the United States and Canada
lcompary in the City of Mexico and
erect there plant for experiment al
purposes after which if it is profitable
lone will be put up at Hermosillo or
Minas Prietas.
The rapid increase in the use of COP
per in Europe is a matter that may
well cause Arizona to rejoice. The
output of American mines has scarcely
kept pace with the increased demand,
though in Arizona the production last
year was 11,000,000, pounds, or p :
100000 pounds more than in 1895.
This years production will undouht-
; edly place Arizona second amo7g The
states in copper output. Germs ny
lEugland aud France are each using
more of the metal than ever before
and a local revival is an assured fact.
An upper copper market may be ex-
pected, and copper will be
kiug.-Star.
| Colorado Springs, Colo, dispatch
4 novel scheme for hand in
!, the gold output of Cripple Greek
mines will be employed by the
operators in that district. The plan
iS tn set aside the output for one mon n