Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-06-08
OYER IN THE COCHlTI
There Is a Lull In Business Activity
and Mining Operations at
Present.
SOME DEALS STILL PENDING
The Bland Mill and the Navajo Saw Mill
Have Shut Down Inde6nitsly-Astory
That Tells Of Existing General
Prosperity.

Daniel Warren, of this city, the we'll
known commercial hustler, returned
from Bland last night. In the mercan-
tile line little is being done there at
present. About all that is going on IN
Pine canon IL the work on the big Star
tunnel and development of the Iron
King. The Bland mill. also the Navajo
company's sawmill, have laid off their
men and shut down for an indefinite
period. Supt. V. V. Clark, of the Nava-
jo company. has gone for a summer out
ing in the Vale mountains and will be
absent three weeks at least
THE ALBEMARLE.
Business is pretty good at Albemarle,
and the mill Is to run steadily all sum-
mer. though F. Milton johnson, the
general manager, is to leave in few
days for the Pacific coast. Some folks
say he has severed his connection with
the company. but this is not at all like
ly. He goes to San Francisco on busi-
ness connected with the plans for the
new 350-ton mill for the Star mine, and
while out there will put in a couple of
weeks fishing off Catalina island.
PENDING DEALS.
Manager o. P. Posey and Secretary
Miller, Of the CochitI Gold Mining Com
pany, have been in camp for ten days,
but have now gone to Boston, whence
Mr.. Posey starts shortly for London
and Paris to join William Bailey, one
~, MI
who has been abroad for two months
These and others are negotiating some
big deals, involving Cochiti claims,
which will likely be consummated sue
cessfully, provided the claim owners do
not become impatient. Capital always
moves slowly. and in Cochiti this is spe-
cially so, because Of the low-grade ma
ture Of the ore veins and their inacces-
sibility by rail.
COMMERCIAL CONDITIONS.
From a mercantile point of view the
camp is expected to be dull for several
months to come; not because the big
ore bodies there are not just as good
day as ever-in fact, better. because
VI lHelI ucNeiopHiCil~Uul DcCduSc, ioA
various reasons, the several big deals
pending cannot be closed up right
away, and because, also. Of the fact that
the Navajo company Is unable to get Its
new machinery on the ground.
A SIGN OF PROSPERITY.
In this connection an interesting story
is related. 1t appears that last winter,
when the Navajo people found the Star
mine showing $1.500.OO0 worth of ore ac-
tually in sight, they sent out notices to
seven of the greatest mine machinery
manufacturers In the country inviting
bids on material for their 35O-ton mill.
Six out of the seven firms replied that
they had orders on hand that would oc-
cupy their attention for twenty months,
and declined to make bids. The Gates
Crusher Company, of Chicago, agreed
to take the contract for September de-
livery IL paid a premium of $1,000 on
the regulation contract price, or would
forfeit $1,000 II they failed. Last week
they notified Manager Posey that their
rush orders were so far behind that
they could not supply the machinery.
and would pay the forfeit of $4,000. The
company hopes to place its contract
elsewhere before long. so that the new
mill machinery may be got on the
ground by about December next.