El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-03-09

Mines and
Mining.

The Live Oak Copper Co. made an
other shipment of ore to Ell Paso last
Tuesday. and expect to make regular
shipments hereafter, one to two car
loads q week.-Globe Belt.
Gold in transit across the Atlantic
''sweats, no matter how tightly it may
be packed. There is regular allow
ance for loss by attritiOn upon the voy-
age and this loss amounts to large
| sum to the commercial world Los
Angeles Mining Review.
Richard M. Rich recently found a
valuable vein of ore four feet wide
near the line of the Rio Grande, Sier-
ra Madre and Pacific railroad. The
ore runs fifty ounces of silver and 30
per cent copper to the tOn.-Mexican
Herald.
is, we believe, the largest cash divi-
dend ever paid by an American COM
pany. It is one of the largest if not
the largest ever paid by a mining
company anywhere. Certainly it is
the largest ever paid by such a COM
pany out of current earpings.-Engin-
eering and Mining Journal.
A tunnel through Rich Hill is the
latest mining project talked of. Rich
Hill is the'locality.where, in early days,
gold nuggets were gathered in quanti-
ty from the surface on the top and
sides of the mountain. Where these
nuggets came from is still an unan-
swered question.-Prescott Courier.
The Calume: and Hecla company
this week declared a dividend of $40
share accompanied by an extra divi-
dend of $50 share. This makes a
total payment of s., 900, 900; or adding
the dividends previously paid it
makes $1,000, 900 paid during the
cOmpanv's current fiscal year. The
rate is .280 per cent. on the company's
capital stock of So, 500, 600, taken at par
value; but it is only about per cent on
the current selling price of the stock,
which Is today $3.50 (exdividend) on the
par value of 1926 share. The
payment of 100000 at once
The indications are that with the
advent of a heavier class of capitalists
there will be new departure in min
ing in this section; that tunnel sites
will be located and long tun-
nels run through promising dis
tricts to tap known big lodges
and possible blind lodges. There
for tunnel site commencing at the
Sun Dance mine and running from
thence to Turkey Creek, Such tun
mel would cut at least twenty known
quartz lodges, some of them big ones,
prescott Courier.
The Hidalgo Mining company are
about to construct q railroad from Par
raj to the state of Durango. The Chi
huahua Enterprise says it will be
known as the Parral and Durango
Railroad company, incorporated under
the laws of the state of Colorado. The
he G Deea aeeressed
ager, James j. Long. A broad-gauge
will be built from Parral to Minas
Nuevas, with third rail for narrow
guage. From Minas Nuevss q narrow
guage will be constructed into the
State of Durango, tapping an immense
tract of 10000 acres of timber land,
principally oak and pine. Said timber
land being the property OF the Htdalgo
ing Review.
the Little Jesse group of mines, where |
he has been since last October. He
says that shipping ore is being taken
out of the Union mine which carries |
milling ore carries $40 gold
per- ton. There is vein of
this ore two feet wide; the ore comes
from the bottom of the S0-toot shaft in
the Union mine, which runs parallel to
the Little Jesse and is only 200 ards
from the mill. These properties be-
long to Hon. John S. Jones. That the
Union will be as famous gold produc-
ar as the Little Jesse seems to be
'oregone conclusion. Judge De Kuhn
q an old mine and mill man, ia not ex-
,itable, and knows what he is talking
about when he says that most of the
veins in that district will prove valu-
.ble gold producers with depth. There
S no more promising gold district in
Arizona.-Prescott Courier.
The varied and abundant ores of this
lection are attracting widespread at
ention throughout the country. The
arge bodies of gold ores, in part free
Milling, have induced the erection of q
lumber of mills in the district, but the
act that a large portion of the
'alues are not Separable by
Milling, has led eastern par
les, who are interested here, 70 con-
ider the feasibility of establishing a
melter plant in the district. For this
purpose it is desired to have copies of
ssays and analyses of different ores, to
btain nowledge, not only of the
alue Of the ore, but of the character
f the different ores found here. in Or
er to decide as to the kind of smelling
recess most suited. Mine owners will
onfer a favor and benefit them
elves by handing US copies of as
avs or analyses that they may have of
heir ores-whetber high or low
rade-to assist in determining the ,
lost advantageous smelling process for
be ores to be treated. Let us all stand
ogetber and each do what we can to
ssist in promoting this enterprise. All
ne elements and facilities necessaru