El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-05-06

Mines and
Mining.

\ Mining. !
Two new smelters are to be put up
at Santa Barbara, chihuahua.
change.
The Tecolote mine at Santa Barbara,
chihuahua, has been lighted by cleo
tricity.-Exchange.
Hillsboro stocks Will again be hand
led on the Denver mining stock ex-
change.
The Diamond Drill at Animas Peak
has struck rich copper cave at q
depth of 430 feet.-Exchange
La Luz hacienda at Pachuca, Next
co, has declared dividend of $3.50 per
share, and the San Francisco one OF W.
Exchange.
The Arizona Citizen states. that the
Pride of the West mine, q copper prop
erty, has been sold to Denver parties
for $50. 900.
bond on La Bastille, at the Minas Prize
tas. Sonora, Mexico. for $3.50, OOO.-
Los Angeles Mining Review.
The Ascension and Cruz are the
names of two mines of tin ore recently
denounced near San Felipe, in the
state of Guanajuato, MexicO.-Ex.
The Government Geological reports
for 1897 state that the coal fields OF the
United States are three times IS val
liable as the gold felds.-New Mexi-
can Miner.
The American Smelling & Refining
Company starts with sos ZOO, 600 capital
stock, one half seven per cent cumul-
alive and the other half common stock
Exchange.
The new machinery for the Prietas
mine at Parral, which has shut down
for some time, is being taken up the
mountain and will shortly be put In
place and work will be started up on
this valuable property.-Mexican Her.
aid.
The great silver camp of Kingston,
at the foot of the Black Range, eight
miles from Hillsboro, has produced
81 900, 900 in silver. This camp has ex-
perienced two booms, and will no
doubt enjoy q third, with fair silver
legislation.-Exch.
News from Canyon de Gro, in Ari-
IONA. is that the development OF gold
claims in that district continues, de-
monstrating that the red surface
showing continues at depth. Some
promising copper properties are being
Developed Citizen.
Placer mining is one of the most
attractive forms to the average miner
for the reason that at the end OF q
cleanup he knows just what profit he
has made and has aproduct that he
can send Immediately to the mint with
out any Intervention of sampling and
smelting.-Exch.
The first section in Arizona showing
value is the great silver producing
mines of Lake Valley. The mines OF
this section are enclosed and almost
entirely surrounded by lateral strata
of quartzite resting upon dOlomlte.
This is the location of the famous
Bridal Chamber" where $4,000, 200
worth of almost pure silver was ex-
tracted in six months.-Exch.
Last week the following new mines
were denounced in the state of Duran
go: Santa Rita, silver. near Mineral
de Guacsmaya; the Bufa and Esperanza
mines of silver, near Canadian; Amplia-
cion del San Carlos, copper. near
Poanas; old Cobriza, silver and gold
mise, denounced as the Purisima, sit
uated near Ocampo; Tajos, silver, near
Remedies; Loreto. silver, near Canela:
Puerto Rico of silver, and Alaska OF
gold, both near Ell Orc; and -Four J g
silver and gold, near Animas.-Mex-
lean Herald.
Copper is 10 demand, and as a result
every sort of mineral having blush or
greenish color is considered copper by
inexperienced prospectors. A few
days since a mass of serpentine was ex-
hibited in San Francisto, on the faces
of which was a thin coating of green
carbonate of copper. This wac re-
presented to be very high-grade ore:
1t would perhaps assay q fraction OF
one per cent copper. In times like
these wad,becomes black oxide OF copper
and red iron oxide is cuprite.-Ex-
change.
The law relating to the fling of cor
porations in New Mexico, as modified
by the recent legislature, provides that
every corporation, either foreign or To-
cal, shall file on or before the first day
of July of each year, with the secretary
of the territory, its annual balance
sheet for the preceding year, which
statement must show its gross assets,
gross liabilities, gross income, gross
expenses and dividends, and which
statement is to be signed by the presi-
dent and secretary aud sworn to before
an officer competent to take acknowl-
edgmepts of deeds, and 81 is to be- paid
to the secretary of the terri DRY for fl
ing and registering the sta cement.
Failure to comply with this require
ment for three successive years acts as
q forfeiture of the corporation charter.
New Mexican.
In the state of Sonora the following
mines were denounced: Mercedes.
gold and silver, near Arispe; Victoria
gold, silver aud copper, near Fronteras;
the lapsed Balsa, copper, gold and sill
yer NINE denounced as the San An