El Paso daily herald. (El Paso, Tex.) 1881-1901, 1897-03-16
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| Pedro Negro has bonded to Euro
pean capitalists for e25, 0O0 the Bonan-
| citO mine.
| The directors of La YeSca gold and
silver mines. limited, have made an
| allotment of new shares in the com
pany.
Weems and Anderson, of Hachlta,
| have a bonanza on the copper hlhg
mine They have over 10000 worth OF
ore developed in light.
1t is reported that an English com
pany recently purchased thirty mining
claims in Indian Secret dist let, MO-
have county, Arizona, for S2,OOO,uOo.
Our coal miues are working to full
capacity these days. 1t Is a token OF
! the good times coming. but makes the
town take on the appe arance of dullness
during the week.-Gallup Cleaner.
The Pueblo Smelling and Refining
company has contracted for l,5OO,OOo
| brick for tn enlarg ment OF lis plants,
which will make it the largest ore re-
duction WORKS and refinery in the
United States.
| A company of California mining men
| have Just discovered very rich VEN
of silver and gold ore, in Texas, about
ten miles from the rich Boqulllas mines
in Mexico. The ore assays 500 per
ton. DR.. YES of prospectors are rush
| ing into that :ctiOn.
The statement of the Arizona Cop
per company, as published from the
London office, shows that for the year
1896 dividends amounting to As. or 81
per share were paid and eli $40 were
added to the sinking fund. The sum OF
eIS,S 800 was then carried forward to the
current years account.
| In January the copper product of the
| United States was about 39.oOO,OOO
pounds, the same amount as was pro-
duced in December, while foreign
mine. D, odu. ed only. IA, 7S4, 900 pounds,
decrease of 1854 ZOO pounds. t is no
wonder then that foreign capitalists are
so eagerly seeking copper deposits IN
| this country.
| At the present rate of gold produc-
| ton, ArizOna's output for this year Will
reach ST., 600, 900, with the chances OF
even greater output II the remark
aple discoveries, which have been made
during the past six months continue,
and the developments of the same are
pushed with that vigor the present in
dictates, 1897 will ne cap sheaf for Arl-
IONS gold production.
p. B. Chieem, of Guaymas, is open
ing a very promising copper mine at
| Aqua Grande, near BatamOte. thirty
mics east of Ortiz station, on the SOnu-
ra railway. He has commenced ship
ping ore. Another copper property
near Posita, owned by the same gem
tleman, will also soon be numbered
among the ore shipping propositions of
Sonora.
Early this week the new reduction
works of the Empire Smelling Co., at
| lptG6 q
lighted in the stack to dry it. Doctor
Eames. the manager for the company,
saws that but 500 tons of ore are as yet
stopped out from the two mines of the
company, ready for delivery at the
smelter and that the stack will not be
blown in before they have 1000 tons on
hand, which will be some weeks yet.
A party of San Francisco mining ex
perts accompanied by their assayer have
spent all the past week samplIng the
Bel & Ste phens properties, with d view
to purchasing. If the deal is cousum-
mated it viii be one OF the largest min
ing transfers ever made in Grant COUP
ty. The price is said to be in the
neighborhood of a quarter of a million
and the terms spot cash. At the rate
the property has been producing gold
bricks for several years past 1t would
appear to be cheap at the price named.
Doctor F. j. Toussaint and Mr.. ".
Shuckman of Milwaukee, Wisconsin,
and associates, who have concession
covering thirty miles of the Yaqui
lriver. have had constructed dredger
to work the rich auriferous sands of
that stream. With the machinery the
boat weighs $50 tons, and has been
constructed in sections. which will be
transported by rail from the easte' n
states to La Colorado, thence by teams
to SoyOpa where it will be put to-
gether and flOated down the river to
San Antonio, where operations will
begin. The bed of the Yaqui river is
known to be very rich in gold, and
great returns are anticipated.
The management CT the Anglo Mex
lean Mining company reports regard
ing the TOdOs Santos mine-We have
practically finished unwatering the
mine. and are now keeping the mine
clear of water in order to clean out the
waste material in the various old work
ings. We will push vigorously several
new exploration works, and we have
every reason to believe that we will
get the mine ready for examination in
due time. General remarks-ErectiOn
of the cyanide plant is progressing
favOrably; the compressor plant, with
hoist and pump, have been doing good
work, and the general condition of the
cOmpany's business presents an encOur-
aUinp outlook for the new wear,