The San Francisco call., 1901-10-23
MINES AND MINING.

j
PAYING QUARTERLY DIVIDENDS.
PA41NG 9HA S47a lS-,I5K TESLK DIXIDENDs.
PAYING QUARTERLY DIVIDENDS
PAYING QUARTERLY DIVIDENDS.
Thousands OF readers Of these advertisements
have cause to regret their apathy as regards
shares Of the Montezuma Mining Company of
Washington when they We're offered a few
months ago at &C and Sc. The price Of shares
is now 25c cash or 2sc on installments. yet are
only one-quarter the price they will be in less
than a year; for Montezuma shares are GER
tainly going to par value Of 81 per share. The
reason for it is obvious. While no copper ore
has been marketed, many tons Of it are being
piled up on the dump at the Tacoma mine.
where second entry is being driven. Active
work in tunneling was suspended for two
months while the machinery for operating the
cir drills was being installed. That work is
competed and a largely increased operating
force is now busily engaged in taking out ore
Before this ore can be marketed it is necessary
to build an electric line OF about Is miles 70
connect the mines with the Northern Pacific
Railway. which has just been completed from
Fairfax TO the new town OF Bontezuma, where
a postofhce has been established.
DIVIDENDS PAID FROM COAL.
Mhie work at the copper mines is as stated
being vigorously prosecuted. operations at the
coal mines are even more active More than
100 men are at work at the mines and in the
building OF $4,000 ton bunlSer-at Montezuma.
The coal taken out is OF a superior quality for
stearling and cokinE. while the product OF our
sreat blacbsmithing vein. varying from to s
feet In width. is being sold on the Tacoma and
Seattle markets at $40 per ton. Montezuma
shareholders are absolutely certain Of handsome
dividends from this coal alone. there being 50
feet 7f 1t in eight veins all above water level
AS % quality. we cannot do better than quote
the following report OF the test OF Montezuma
coal made by the ouartermaster Generals De-
partnent. Washington. D. c.. and addressed to
Major Ruhlen, ouartermaster, Seattle, Wash
inEton. as follows:
GOOD COAL. SAYS THE GOVERNMENT.
4 am directed by the ouarternaster General
q advise you that the said sample (Afontezuma
Ccall has been carefully tested by this office
ef uf
cen hundred and nfty-nine (lg59) pounds to the
cord OF standard oak wood
This coal tried also in a blacksmith's &
forge. and was found to yield a heavy welding
heat
Accompanying this report is a tabular state
Inen- OF tests Of various Goals in use on the
Pacific Coast.
Franklin Coal Washington. n...............22 2222 lbs
Nanaimo, British Columbia. ........... .22l2 lbs
Scranton Anthracite Pennsylvania. .ls4S lbs
Welsh Anthracite, Wales s-.......-....... 2OS5 Ibs
Wei fngton Coal. British Columbia. 20S5 lbs
south Prairie. Washington. 1873 lbs
MO1sIELUMA 1859 lbs
Il viii be seen from the above that our Mon
tezuna Coal has nearly eight and one-half Os. A
Per cent greater heating power than the cele-
bratsd Nanaiulo Coal and welsh Anthracite
and falls very little short Of Pennsyivania An
thracite itself. in this respect Considering that
the AIontezurna Coal was taken directly from
the mines unwashed, this is indeed a remark
able showing.