The copper era. (Clifton, Graham County, Ariz.) 1899-1911, 1902-10-09

company Ola smelter and adjacent I
the McNary property. Mr.. McCallIu
has gone to Baker City, Oregon. II
Is largely interested in mining in the
state and is confident that his city viii
be the center of mining boom thi
winter.-Prcscott Prospect.
Mining Review and Metallurgist I
Six months dividends by l32 mining
companies in the United States aggre
gate 394, 500, 80. This includes the Oi
and steel companies. Out OF this mum
Der 56 gold, silver and lead mining and
smelling companies aggregate 81, ,4G2,-
5l2
y most remarkable discovery is re-
ported in the San Pedro valley, along
the proposed line OF the Phoenix &
! Eastern railway. 1t is an immense
deposit OF manganese, which is rarely
found in fits sative state. and is usual
4 ly obtained by extraction from man
! ganesc bearing ores.
/ Since the selection OF Cochise as the
junction of the Yaqui River < Pacific
railroad with the Southern Pacific d
boom has been started in mining in
that vicinity and there is considerable
talk OF a smelter at that place. Great
mineral deposits in Arizona and New
Mexico will be opened up by the new
road, which will run from Cochise to
Pearce, and thence across the line in
TO Mexico. 1t will afford shipping
facilities for the great Commonwealth
mine at Pearce, the Black Diamond
mines, the Gleason and the Turquoise
camps.
There is much more doing in the
Tombstone mining district than is
generally supposed; there is at present
four different companies at work be-
sides number of claims that are be-
ing worked by their owners. The
work on the Consolidated mines shaft
is progressing rapidly, the largest
pieces OF the big pump have already
been lowered TO the 600-foot station,
and the machinists are at work put
ting it together. AS soon As the big
pump has been put in place, the two
sinking pumps will be lowered. 1t is
expected now that the pumps will be
started about the lst of November
The hosting engine is in place and
connections made with the large boil
ers, and will be in running order in a
few weeks.
The coming annual meeting OF the
Greene Consolidated Copper company,
which will take place in New York on
the tenth of next month, is likely to
provo an Interesting one. ono ~ uuo
interesting features OF it will be the
OF dividend OF 10 per
cent. on the capital stock OF S6,00o,0 ,00c,
which will make the very comfortable
sum of 100000 to be divided between
the stockholders. That is fact that
has not as yet been announced. but
what tho Los Angeles Mining Il view
learns iustifes the statement that a
dividend for that amount will be an
nounced. The Greene Consolidated
has already paid two dividends, one of
twenty cents share on the original
Of 800, 900 shares, and a
second one of like amount ON the in
creased capitalization OF 600, 900 shares.
These two dividends aggregated $220.-
600, but what do they amount 20 when
with one Of $500, 600 to be
declared next month. AS a result OF
such dividend it will not be surpris-
ing to see Greene stock jump several
points.
The Prescott Journal-Miner gives
the following account of operations at
the Planct-Saturn mine: One of the
gigantic mining undertakings at pres
cnt in evidence in this section is that
attending the operations on the Plan
et-Saturn Gains in Fools gulch. I'm
Ser the supcrintcndency Of w. y.
CLARK, Il gigantic test run of !, 900 tons
OF ore is now in progress, ard ii will
take until about the first of the year
to complete it. The sample run now
uCltS lHAu6 l. AOI but EOSt VI W.
ing this mine thorough and practi-
cal test OF its wealth pending its sale to
an eastern syndicate. No particular
place in this property is furnishing
the ore and no special asserting of the
same is permitted. II the sample run
is n favorable one in valuable, it means
the outlaying OF vast sum Of money
not only in that section but elsewhere
near Prescott. The new company
which is behind the Fools gulch pro-
ject, has also lately bonded the lar
nell, the Hendon & Norris, and other
claims, some twenty-five in all, and in
their scope all the available mining
gcound between Yarnell and Fools
gulch is taken. The same company is
also operating in the Bradshaws on an
extensive scale.
Fresh vegetables always on hand
]. f.. Holt.