El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-01-26

safe to assume that the present year,
will place Arizona in the lead, ss near
ly all of our producers are steadily iu-
creasiDg their output, ard new mines
are being added to their list. The
average price of copper for the year in
the United States was 11.29 cents per
pound.-Star.
It is believed that the Miguelita
group Of mines in Sonora under bond
and associates will be taken at expira-
ton of bond by the final payment of
$4,000. This is said to be one of the
richest properties in Sonora.
The Arizona Copper company's old
concentrator at Clifton was destroyed
by fire week ago the other night BY
energetic work on the part of employ
es the store and valuable smelling
plant we're saved The Bulletin says
the loss is estimated at $4,000.
The Kansas City Smelling and Re-
finipg company has obtain ed a cOnces-
sion fOr.the erection of smeiter at.Car-
men on the Mexican bank OF the Rio
Grande. The company mat within
one month make deposit of So. 900 in
government bonds as guarantee. and
is granted the usual exemptions and
lprivileges.-Two Repub! les.
There is much excitement in mining
circles of Northern Mexico over a ricn
discovery just made in the state OF
Coahuila. eighteen miles from the
town of Salome Botello. The ore as
Says from 5000 to $500 per ton. Pros
pee tors q, rushing to the new dist "ict
in large numb ers. This is the first
gold discovery made in that part CT
Mexico.
A recent arrival from the Big Bug
neighborhOOd says that tile onyx work
at that place have closed down. throw.
ing thirty men out of employing t.
The shut down was caused by die
agreement among the managers as tf
whether the onyx should be shipped
east for finishing, or have the work
done at Big Bug.
A 100000 contract for mining
machinery has been awarded TO the
Frazer & Chain ars company OF Chi
cago by Captain Thomas Main of the
Alaskan Tree dwell gr no of mines Al
San Francisco. The contract calls fo-
800 stamps w tn compressOrs and en-
gines With the 25O STAMPS in opera
ton, the Treadwe II company will have
$50 stamps, the largest number on a
single plart in the world.
Four million tons of iron ore from
the Lake Supp r.Or region have beer
purchased for export to England. This
indicates that the nfiues of Englan
have r. ached tt cir paying limit in com
petition with our Owp, and t. at b. nee
forth Gre ,. Britain will eudeavor to
meet the growing competition of Amer
ic iron manufactures by buying
ch cap raw material from our mines.
This will tend to further 81 i'm ulate the
manufacture of iron in the souther r
states for export. The single trsnsao
tion involves a money transfer of Over
$40, 100000.
The smelters, English and American
operating in Mexico, ara endeavoriue
to irs'i,ute The system OF two months
fOrw ard delivery that hash en- ir'Op r
alton in the European smelters fo1
mont tbs past. For instance, if the cur
rent rate at time of purchase of ore
be % they will under the new arrange
ment when effective pay but q, instead
of pay ng spot silver. This is due to
the depreciation of the white metal
and the sudden fops in exchange max
ing silver such an uncertain quantity
The change may occur in M Xico with.
in two Notwithstanding Telegram.
4 One of the most wonderfully rich sill
yer mines in the world is situated just
outside the gold belt of Pinos Altos
This property consists of two claims
upon the same vein known as the Sill
! yer Cell and Climax locations. From
the surface the property has shown a
streak of ore from 2 to 10 inches ir
Tt ickness which is more than fifty pei
cent native silver. Work is now being
prosecuted upon the Silver Cell shaft,
which at depth of 1876 feet shows 8
vein of silver 8 to 10 inch as in thick
ness which runs from 10000 ounces t(
900 ounces silver per ton Some OF
these slabs of silver taken from the
mine recently, weigh 900 pounds.
One of the richest god mines il
Mexico is the Esperanto, situated il
the Ell Orc district, State of Mexico
This mine is owned by a Mexican com
pany Not long ago Chas. Lane, the
owner of the Utica aud Fortuna mines
in California, made an effort to buy tn.
EspersDza property. He was to pay
Sc, 200, 900 Mexican money for the mine
al put up $50, 900 option money in the
deal. For some reason he failed tt
make the purchase and he forfeited hi
$50, OOO The mine ia said to be worth
consi 1erably more than Sc ZOO. 900. Th,
gold vein in the Esperanto is 100 fee
wide and the larger part of the or,
runs $50 to the ton. The company i.
op rating 4O-stamp mill.-Two Re
publics.
D@Il