Western liberal. (Lordsburg, N.M.) 1887-1919, 1901-12-20
MINING MATTERS.
News About the Great Industry OF this
sectlhn Of b WnrId.

HNAA AaNNN1hAAuN MUlh 70 UEAlk lu1uGua
There are many pruspecturs who con.
templates DUNG an hundred dollars
worth Of work 90 seven or eight claims
this month. The only strain will be
on their c~on5cfences, when they come
10 make their proof OF labor.
Work Is being pushed on the Aber-
deem concenrrator as fast as possible
aud Superintendent Cuok is very busy
these days, keeping an eye on the cun-
c%entratnr, aud making arrangements
So that there will be plenty OF ore TO
keep the concentratpr busy as soon as
II is ready To start, He has gut plenty
Ut IRE, tut sOme OF IL is in tie grUGad
and must be gnt out, and mucn OF IL is
lying on the dumps and must be moved
10 the concentration, aud it takes a
good deal OF preliminary arrangements
to nave EVERYTHING IA shape to CONF
meuce work, aud u keep things in
shape Sc the wurk will be continuous
when 0nce IL is started.
James G.. Barton, who for some
years had charge of the smelJers at
Jerome, aud more recently been con-
nected with the Lus Animas mining
and smelling company, at Elano, So
nora, has been engaged as metatlur.
9isJ by the Pacific Union smelling
company. Mr.. Barton has increased
the mount ur t,e BRICK IN the smelJ
err, thus reducing It's capacity, so it i
Thought It will H. Jne UUiieT capacity,
and yesterday IT, was started up for 4
trial ruu. II II proves that the smelt.
er can be run probably in this shape
Mr. Barton will keep 1t gning until the
ne y boiler is installed. 7. j. DAVIS,
Of the Company, went To FL Paso for
the purpose OF getting a new boiler, so
thai the smelter will have all the
power IL needs.
What has been expected fot some
months happened last week. The
price OF copper was cut a cent and a
half "A pound. Friday the United
Metals selling company, which handles
the output OF the Ami lgamated cum
pany, sold copper al $3.50 per him
dred' having given up the attempt to
keep copper at II Yesterday was
dividend day for the Amalgamated
company, an there will probably he a
hot time on the New York exchange
today, as a result Of what the directors
did regarding a dividend yesterday.
Three months ago the directors cut
the dividend. At that time the
AnalgathdLed was selling II $3.50 a
share. The cut Of the dividend
caused a panic in copper stocks, and
many OF them went down. AmalAa-
mated has since sold for s65, one half
Of what II could he sold three months
ago. 1t is claimed by those who are
wise In the matter that the actual
value VI The mines and other proper
ties owned by the Amalgamated is as
much and their producing capacity as
large as they eve were. This drop in
blC ~ lNt VI buG olNCh has WlpCN Ouu
many Investors, who held their stock
on a margin, while those who had
their stock fully paid for have suffered
only a paper loss" for the actual
cash value OF the stock is as great as it
ever was. The Greene stock has also
been fl ing around tue market. Three
months ago it was sold rdr b,tween
$40 aud $50 a share. 1t went down to
$40. Last week II was chased all up
and down the market, on Tuesday
selling as high as s3S, and on Thurs,
day as low as $50. The Shannon stock,
in which many people in this section
are interested, is not OF the exchange,
and so It's prices are not battered
around. The wisdom of owning d
stock, not buy ing IL on a margin, 1.
now apbarent Ia a great MANY people