Arizona silver belt., 1903-11-19

and southwest, near the contact of
 the two formations. The copper ores
 encountered so far have been black
 and red oxide and pyrites, running
 from 9 to 10 per cent and carrying
 from 200 to $l7 co in gold and from
 10 to 10 ounces silver. The lead ore
 runs from l5 to so per cent.
 It is said that the earnings of the
 American Smelling X Refining com
 pany are at a rate apprOximatlng
 S750, 900 per month, or about $9, 900 900
 per annum. At this rate the company
 is earning about II per cent on It's common stock. Silver has advanced
 l3 cents per ounce in the last eight
 months, which increased the value of
 the metal on hand. The company has
 now between SIS, coo, ,0OOaud $20, 900, 900
 working capital, of which $6,000, 900 is
 in cash. The company has outStand-
 ing S50,000,000 each of common and
 preferred stock and tritling amount
 of bonds. The stock, including the
 preferred, is held by about HOO stock.
 holders.
 The PilareS hit it rich this week,
 within T few days after development
 work was resumed. According to re.
 port of Manager Beanchamp, eighteen
 inches of ore was broken into WedneS-
 day which goes sixteen ounces in gold
 with good showing of copper and sil.
 yer values on the side. The PilareS is
 just north of the Clifton Consolidated and is believed to be on the same vein. This weeks strike confirms the Opin- ion held by many, and evidenced by the late activity in gold claims, that there Is more than copper in this ter ritOry that is worth going after. The success in the PilareS comes at an op- perfume time and is bound to result in much good. Now that she is in big pay streak, development of the mine will undoubtedly be pushed rapidly MOrenci.Clifton Standard.
 The Copper Era says: "A new strike has been made by the shannon Copper company which promises to be one of | the most important and extensive dis | coverieS in this district. The strike | was made on the Northern Point | claim, in the neighOorhoud oi Metcalf, | being the claim recently purchased . from the Arizona Copper company. | development work had !. been done on the claim. The new | strike was made while the company was running tunnel from below to gut the main ledge at a considerable depth. When the ore body was struck the company commenced drifting and nave continued to do so ever since. They have now drifted B feet in the ,re, which averages and x per cent copper. The Northern Point claim Ylil no doubt be heavy producer for he shannon Copper company in the uture.
 Dr. J. F. Force, of Minneapolis, 'Iinn., is at Florence for the purpose # reorganizipg the Gila-Pinal Mines in which he is the largest tockhOlder, says the Blade. The sud len death of President Thayer left he company in rather peculiar posi- .iOn. When the articles of incOrpDr- .tion were drawn up a clause was in. erJed empowering President Thayer Q transact all the business of the com 'any until the stockholders could meet and elect a board of directors md d full complement of officers But )efOre this was done Pres ident Thayer lied unexpectedly and there was no me left who was qualified to sign a paper, call meeting, etc., and the stockholders could do nothing but ,ring a suit to dissolve the inc0rpOra- ion and reUrganize. Dr. Force will emain till this can be done.
 ch LilO l'OVV iOpJ l0Nbl Ol tue NDutH 5isbee and Loco feet from the shaft he company has run into seventy hree foot vein of ore running from welve to forty per cent in copper. The find is described as the richest md greatest in the Warren district so ar in quantity and richness. Pockets .ud kidneys of the richest kind of arbOnateS have been uncovered, and points to the good old to which longing eyes have 'een turned, as being one of the ,reateSt things that has happened in he Bisbee bailiwick for many days. The drifC leads off in the direction of he Calumet and Bisbee and inclined owardS the Wolverine and arizona. t is the intention of the company to 70 after this body of ore on the HOO bot level, and if conclusions are cor ect as undoubtedly they are, the dip ,eing in the direction estimated, the south Bisbee will strike the ore much learer than even at present Review.