Arizona silver belt., 1902-05-29

company is beginning to arrive. The contract for the erection of the mann moth building has been let to the American Bridge company and work will begin on the same very shortly. The company has large force of men at work erecting one of their build ings at Cananea, and the same being nearly completed the men will be transferred to this point to rnsh the work.-Prospector.
 There is marked Improvements going on at Lowell and vicinity. The rail road grading Is reaching completion, having large force of men employed. The shaft in the Lowell mine has reached depth of l loo feet with a winze to the depth of about loo feet. There are about thirty new houses to be erected at Lowell within the next thirty days, which will make splendid addition to that portion of the city. These houses will be erected by the iliihSlb "hO ihI SSbto hHNS btNh NOh- nected with the Copper Queen mines. This is one of the prettiest and most desirable locations in Bisbee.-Bisbee Review.
 The smelters present peculiar ap. pearance while undergoing repairs. One is reminded of the primeval chaos where disorder reigned supreme. But put of the existing conditions order will come presently. A new motor placed in the electrical department will add to the facilities for light and power. Considerable new machinery is being installed in connection with the Smeit- CT proper. The vents that have let much of the smoke escape into the works and the town are to be closed Here a great lesson in economy is taught to an observer. All the debris that forms the accumulation of months is carefully sorted and what seems to be copper.be bearing is gathered and put in cars to be returned to the furnaces. Thousands of discs of clay and sOot are piled up ready to yield their riches. -Bisbee Review.
 Oliver P. Posey, one of the big share holders of the Gold Road mines, ar rived in Kingman accompanied by three capitalists from France, says the Mohave Miner. The men continued on to Gold Road, where an examination will be made of the mines under the management of Mir. Posey. If the mines come up to the repreSen tatiOn deal will be consummated that will ue- cessitate the payment of $50, COG, coo, it is alleged. The Gold Road mines were discovered about two years ago and first passed to Los Angeles men for 5000 when but ten-foOt hole had been sunk on the veins. After the eX- penditure of d few thousand dollars the mines were sold to Posey and oth- CTS for the sum of $250,O00. With the addition of another group of proper ties the deal now in progress of incu- batiOn requires the payment of the largest sum of money eyer paid for mining property in Arizona.
 The shannon copper mine starts of as producing property with an out. put of about l,00O,O00 pounds per month, made at cost of less than cents per pound. It's ore averages per cent copper and the smelter saves 40 pounds of copper to the ton. It's refined product runs 9S per cent fine copper for which it receives within !c per pound of the price for Lake cop per. The company starts on produc- ing basis with no debts aud about $400, ,0O0 cash in it's treasury. The com pany proposes to use about $500, 900 of this amount in building converting plant, which should increase the com pany's output to about 10000, 900 pounds per annum. shannon ore is self-fluxing. The deposits average , per cent. copper contents, although no ore carrying less than 8 per cent. cop. per will be treated previous to the erection of converting plant. The company has received very favorable freight rates, and it has closed a con tract for ten years for the transporta- tion of it's product with both the Phelps Dodge and Arizona & New Mexico roads. The III ,847 shares of stock held in trust, as announced in the Boston stock exchange listing no- tice, represents stock held by direc- tors and large stockholders who pooled their stock about year ago under an agreement not to dispose of same pre- vious to January l, l90i.-BostOn News Bureau.
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