Western liberal. (Lordsburg, N.M.) 1887-1919, 1902-05-30
MINING MATTERS.


'rottoHo OF the Wufius
J. Q Rutherford vas in fraan STEMS
Fass Munday. He repetts that the
Wilson mining company. of which he
is superintendent, has its mill running
smoothly, and IL is DUNG goud work.
The mill was started Up last Thurs.
day, aud has been running without a
Hitch. He rs putting ore through IL
which runs about forty five ounces in
silver and from a quarter to half an
eunce In gold. lie expects To ship a
three hundred pound brick about the
Hrst OF the Month, and that his bricks
will ga forward regularly hereafter.
Superintendent Mccormick, uf the
Aberdeen has accumulated several
thousands ions OF IRE fpr his
mill, aud is working II when he has
enough water. L. was thungAt The
Milachite would furnish an album
dance uf wafer, hut like many other
hules 10 the ground, the water is ex-
hausted by steady pumping. Whether
deeper sinking Of the MalachiLr shaft
or bnriRg 4 deep shaft will be nece~.
,ary TO produce enough water has mt
yet been settled. Deep drillrd well
IN this section have ne, er failed to
pruduce an abundance Of water. r
H. Buchelor is expected uut next
mouth. and the matter will probably
be setLled white he is here.
pwn of tne cars ON the "Clrrefa
Limited" as the Lena cnnpany's
traction tram is called, we're wrecked
the other day. The iron holsters OH
each wagon were broken, aud the
train had to lay of until new ones
could he ordered. The wagons get a
heavy jolt in cruising the railroad
track, and the cutting wheel OF the
traction engine has cut up the cross.
ing $, badly that the jolt has been
getting worse every day, aud It is
supposed that this in connection with
a jolt the rain gets at a big stone ia
the road neal the mine, strained the
holsters SO they finally gave way.
The cars are generally loaded with
twenty tons Of ore, which is 20 light
load.
In the financial columns of the Bos.
ton Transcript the fclowing was
printed last week:
The B stnn ST ok Exchange has
listed the Shannon c pper company,
unassessable. OF the 800. coo shares
authorized. 1856, 296 are listed, 1II.s47
being held il trust aud 1851 are 10 the
Treasury, par value Is $40. The com-
pany was organized N ,Vember 10, 1889,
under Delaware laws, tn develop aud
work copper mines and to smelt cop
per AM other ores. It's property is In
Graham county. Arizona, consisting Of
IS claims, C intaining we 900 acres.
The mine was located IN 1872 by
Crarles VI. Shannon and patented in
1877: Development WORK to date
amounts to over 1900 iineal feet OF
tunnels, winze>, etc. The company
dlNi hWlls ~ OllllNn Il idERt JIdCJ ~
land eight miles from the mine on
the Arizona s. New Mexico railroad,
where It's smeltinI plant is situated,
the same consisting OF two 800 ton
furnaces. The company has heeu
MAXIM c PIPER since May 6 aud is
smelling about 300 tOns of ore per day.
The company has 800 COO first mort.
gage, gold, Z per cent bonds, due
March !, 1912, with siuKi 6 fund pro-
vision nf twenty per cent of the net
earnings per year, and If this - per
cent do not amount to as much as
$50. 900, still $50, 900 must be placed in
the sinking fund 20 he applied 10 re-
demptiOn OF bnnds and the bonds are
redeemable at par and accru'd inter.
est 90 n interestday. This financial
statement is made as OF Marcn 81,
1902:
AsqETg